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Author Topic: Does crypto offer riches overnight?  (Read 6031 times)
oscarftw
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May 05, 2021, 11:14:23 PM
Last edit: May 05, 2021, 11:25:09 PM by oscarftw
 #981

Crypto is not ponzi. It is not a get rich quick scheme. It needs time, studying and patience and greed should not be a part of it.

It seems that what we are talking about here is not ponzi or gambling and also not out of greed. I think this year a lot of people have had huge profits overnight for holding the best coins that they believe will reach ATH. among them are BNB holders, DOGE, ethereum, and BTT holders.
You know "EOS blockchain" isn't a bad altcoins even though it doesn't have any bad reputation. Even though the price can't overcome the last ATH. Any newbies can't be rich overnight. So many patient people are waiting for the new ATH of their favorite projects. These mentioned names of altcoins hold only some big investors. Overnight situation could get from the third quarter.

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May 05, 2021, 11:17:42 PM
 #982

I jus sold 3000 usd worth of eth and later that night traded my btc.. 3000 usd worth to eth. And in the morning I'm up again. Magic money for ya.

Ethereum and Uniswap.
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May 05, 2021, 11:31:20 PM
 #983

Its unfortunate that loads of people are covered with the idea of get rich quick systems as that is the systems that works better for them but the sincere truth be told. those schemes don't last and also the losses incurred can be fatal as loads of people go as far as borrowing money to invest but in crypto, all you do is invest and wait and get your dividends when due.

Crypto is one of the avenues of getting rich yet it should be understood that it does not happen overnight. Getting rich in crypto requires a lot of dedication, hard work and patience. People do not see the essence of crypto investment because they want to get rich quickly, hence, hurriedly invest in projects that follow the pump and dump trend.
Remember, one key to success is patience.

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May 06, 2021, 12:35:59 AM
 #984

Patience and tenacity in looking for gaps in the luck factor can also be the main key to success ..
because we used to not know what the fate of crypto at this time is starting to be a place to achieve success with the price of crypto, one of the bitcoins that unexpectedly became a very fast rocket..


does not offer wealth every night, it takes a long process and time, unless someone knows very well which coins will really go up in a short time then sell them at the top, and buy new coins again and then start over.

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May 06, 2021, 12:59:27 AM
 #985

I have a theory, if I take an altcoin at a very low price and put a lot of money, I can only wait for it to grow 20% or 30% to make a profit, this totally applies so that it generates a considerable profit, the only thing is that it does not It can be short-term and if it happens it would be very good luck, however, reviewing articles that talk about technical analysis on altcoins, I came across the analysis of LTC, which shows:



Quote
If the buyers push the price above the resistance line of the ascending broadening wedge pattern, the LTC/USDT pair could pick up momentum and rally to $400 and then $463.31.
Source: https://cointelegraph.com/news/price-analysis-5-5-btc-eth-bnb-doge-xrp-ada-dot-ltc-bch-uni

If it had been bought at approximately 220USD the price would now be taking impressive gains, this is what I mean.


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May 06, 2021, 01:11:55 AM
 #986

From the price history, it won't. There are several coins which can go up more than 1000% overnight but the ratio is very small, it could be just 0.0001% chance. From my observation, the one who get rich from crypto mostly are the long term holder. Trader are likely ups and down with their portofolio because mostly they won't hold longer if they already get like 10-20% profit from each trade.

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May 06, 2021, 02:28:05 AM
 #987

It's not impossible to get wealthy overnight, you just really need a load of luck and serious analyzing and most of all a large sum of cash for investment and trading. And I'll add to the mix to which project you'll have to put it all onto. Crypto is a serious business to be in, you need to have a lot of patience to get ahead and be a long term holder in the future. It takes risk and courage for one to be rich overtime and you have to earn it with perseverance.

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May 06, 2021, 05:51:32 PM
 #988

Investing in cryptocurrency market can change your life, but you need to have the right mindset and expectations. Just like every other investment, you need to have patience and think long term. Don't treat crypto like a one night stand, think long term!!!.

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May 06, 2021, 06:05:05 PM
 #989

It does but it also can be a boomerang if you have lack of prorper knowledge about the crypto market.
You Have to identity the right Project with best potentials.
If you can't your investment also can be worth 0$

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May 06, 2021, 06:51:49 PM
 #990

Crypto is one of the avenues of getting rich yet it should be understood that it does not happen overnight. Getting rich in crypto requires a lot of dedication, hard work and patience. People do not see the essence of crypto investment because they want to get rich quickly, hence, hurriedly invest in projects that follow the pump and dump trend.
Remember, one key to success is patience.

it is not easy to get rich in cryptocurency. although there are some people who have high luck so they can make billions overnight. but they have also gone through various phases in following the development of crypto so that he can become rich. and in crypto we can also be poor overnight because we made the mistake of buying the wrong altcoins. then we have to be smarter in choosing altcoins.because dump and pump will happen at any time.

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May 08, 2021, 05:12:06 PM
 #991

I jus sold 3000 usd worth of eth and later that night traded my btc.. 3000 usd worth to eth. And in the morning I'm up again. Magic money for ya.
It is not magic money, but it is real money from the profits you get because this kind of thing has happened very often in the crypto space without you telling it here.


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May 08, 2021, 07:18:40 PM
 #992

This is one mindset every crypto enthusiast should not hold on to. Crypto will surely make you be financially stable, but you have to be persistent and have patience and of course drop this mindset that you can make billions in2secs

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May 08, 2021, 07:29:34 PM
 #993

Expecting overnight riches in cryptocurrency market will only make you lose your money. Not that it isn't possible but the chances of you losing your money is 9 out of 10. You have to learn to be patient and grow your portfolio over time.

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May 08, 2021, 08:39:31 PM
 #994

indeed there are very many people who get rich with crypto, but not overnight, maybe there are those who get rich overnight but very few and they are very lucky people. Crypto is not as easy and simple as it seems, because before you can invest in the crypto world, you must prepare yourself with sufficient knowledge of crypto, so that you don't make the wrong decision.

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May 08, 2021, 09:27:03 PM
 #995

It depends on the time when wealth is being offered as an opportunity. We are currently in a time that provides good results, but it doesn't compare with a few years ago where the price of BTC was lower and some ALTs also had lower prices. The secret is to be attentive and be patient as good opportunities will suggest and you also need to improve yourself by acquiring knowledge and information.
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May 08, 2021, 09:51:18 PM
 #996

Crypto could be offering wealth overnight. this wealth is what attracts people. but getting rich overnight is not something everyone can achieve. In order to get rich overnight, it is necessary to run everything very correctly. this is possible with knowledge. Anything can happen if there is experience and knowledge. you also need luck, but luck is not always with you. People invest all their money in bitcoin or cryptocurrencies to get rich overnight and eventually go bankrupt. this is greed. It is a mistake to want to get rich overnight.

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May 08, 2021, 10:44:44 PM
 #997

there are alot people become rich in short periode after they make investment in crypto. dogecoin coin maybe could be an example for this, i saw many investors get hundred thousand dollar only in few months by holding doge after elon musk tweet about it. in crypto we know everything possible to happen , we could be rich or poor man in a night.

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May 08, 2021, 10:59:14 PM
 #998

nothing is instant in this world, all need a process.  You are an ambitious person but there needs to be a little change in your thinking, hopefully what you hope can come true.  cryptocuurency will give you the best results if you can be more patient.

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May 09, 2021, 11:10:58 AM
 #999

nothing is instant in this world, all need a process.  You are an ambitious person but there needs to be a little change in your thinking, hopefully what you hope can come true.  cryptocuurency will give you the best results if you can be more patient.
It is true, every work that we do seriously must always be accompanied by sufficient patience, because rushing to do something without research and knowledge is a very ridiculous condition.


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May 10, 2021, 07:22:53 PM
 #1000

nothing is instant in this world, all need a process.  You are an ambitious person but there needs to be a little change in your thinking, hopefully what you hope can come true.  cryptocuurency will give you the best results if you can be more patient.
It is true, every work that we do seriously must always be accompanied by sufficient patience, because rushing to do something without research and knowledge is a very ridiculous condition.

Some of them can become rich  provide they have lot of money and ready to take risk and invest in a unknown coin and suddenly if it rises then you can make a lot of money form it. But for that you require big capital and ready to take huge risk and might become millionaire overnight itself if that rises quickly.

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