Does crypto offer riches overnight?

[wajik-tempe]

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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[Spanopohlo]

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.

[ogundowotoby01]

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!!!.

[fahmimajannat]

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$

[Muslimin mj]

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.

[ahmia39]

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.

[Musekay]

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

[pelumi20]

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.

[StevenCS]

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.

[Gekkoo]

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.

[helevela]

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.

[aditasetia123]

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.

[Baihaki Khaizan]

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.

[ahmia39]

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.

[newwest]

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.

[muksal]

And one of the most important thing is SKILLED AND KNOWLEDGEABLE because even if you have all the characteristics you have mentioned but you dont have this two,then failure will be on yours forever

You will become rich if you know how to handle your profit wisely since this is a easy money and can be easily spend

[CryptoLogo]

If crypto investors got rich overnight, there would be no poor people in the world. Crypto investment is the most risky job. That is not the only profit here.  Many richmen can become poor overnight. Success requires knowledge, hard work and perseverance. Crypto industry is no exception.

Nevertheless, it is possible. We have all heard and seen stories about how some little-known or well-known coin increased in value in a short period of time many times, sometimes just overnight. However, no one knows which specific coins will show such growth. If people knew that there really would be no poverty in the world, but no one knows anything that allows only a few to become rich overnight. Everyone else has to work with their heads to earn money.

[Caross]

Even though crypto has a volatile nature and its price can rise within a second, we should not go into crypto with the wrong mentality of getting a rich quick state of mind, which can be very disastrous and depressing if the opposite happens. Cryptocurrency is not a get-rich-quick scheme.

[nrvasquez]

Even though crypto has a volatile nature and its price can rise within a second, we should not go into crypto with the wrong mentality of getting a rich quick state of mind, which can be very disastrous and depressing if the opposite happens. Cryptocurrency is not a get-rich-quick scheme.

So true. people who always want to get rich quick, it is certain that later he will be easily stressed. a market with high fluctuation is not suitable for typical aggressive people and people who are not mentally ready to experience a market down in a very fast time

[MUG1WARA]

No, crypto doesn't offer any such thing as get rich quick over night scheme, but I have seen people who come into the crypto space with this mindset and it doesn't end well because they end up buying one scam coin or the other,they fail to understand that you need to work really hard to become rich through cryptocurrency, because only the hardworking and patient guys will end becoming rich, there's no other way around this.