Cryptocurrencies will make you rich overnight?

[likketil]

Lost of people carry a bag of dreams requiring capital like acquiring a new home  and imaginably Altcoins may become a quick track to this aims.

[Chesterjems]

I do not think that is possible so easy, crypto needs to be more far-sighted and doubtful moves with money could let  great losses in profit or even in investments. I like more reliable projects that are too stable for being calm for money. I am for ETH, its value is close to do this.

[NatalieBoyd43]

There are many cases, when a poor man in America is fortunate enough to own two Bitcoins, after only one night the value of Bitcoin has increased in a face-off manner. And they gave him the money to help him escape the economic crisis.

[taguig]

One investor says it's the only investment opportunity where a poor person can leverage skill and luck, and literally become a millionaire. So, do you think crypto can make us rich overnight?

I don't know where you read that it's not a get rich quick rather a high risk investing, you have so many people losing their life and saving earnings investing in cryptocurrency and these are rich people, who want to make money the easy way, you need to first educate yourself and lucky to pick the right coin to invest.

[coinholic]

One investor says it's the only investment opportunity where a poor person can leverage skill and luck, and literally become a millionaire.

This is possible with a positive mind set and some sheer determination of becoming successful.

So, do you think crypto can make us rich overnight?

Absolutely not! Let's say you invested a thousand dollars on a currency and then when you woke next morning you saw that you have gained x200 on that currency. Now that's literally overnight and quite fortunate! But what are the chances of this happening? Almost none! Crypto is not a "get rich quick" scheme as many sees it. It wasn't even created as an investment in the first place. Everything goes through a process. So if you want to be rich with crypto, you will have to work for it for a considerable amount of time.

[JCO05]

One investor says it's the only investment opportunity where a poor person can leverage skill and luck, and literally become a millionaire. So, do you think crypto can make us rich overnight?

I highly doubt. It won't be as easy as that. Becoming rich is nothing but illusion for the investors of crypto. At times like this, profit is really hard to earn so thinking of becoming rich within a night is surely absurd. One needs patience in order to be successful on anything.For now, focus on holding and waiting for recovery to happen.

[abruchifid]

It is true that crypto-currencies offer a lot of leverage, asymmetric risks and all that but the riches or rewards are not over night, patience is required

[Yaddady]

Cryptocurrencies can definitely make you rich overnight and on the flip side of the coin, can rekt you overnight as well depending on the prevailing circumstances. But I honestly think the days of investing little and making stupendous gains in crypto are over. In fact, the loses tend to be more stemming scam ICOs, bearish market conditions, etc

[bagas79]

I don't think crypto can make us rich overnight, because that is impossible, the reason is that there are so many processes we have to do to get a large profit from cryptoccurency. Because crypto is not a lottery or gambling that can get money in just a matter of hours.

[paul gatt]

Electronic money is not easy to make you rich overnight. Investing in electronic money takes time, sometimes you have to hold your coins for a long time to sell. If the market is down you will be very hard when making trading on the market.

[jumail]

If it's analogous to a relatively short time, I think it's very possible. Especially if the market is in prime condition. Any difference and price changes that occur can provide you with many benefits.

[Anchor867]

Doing some lottery can make you rich in no time but on crypto you wont be rich in just overnight you might be needed a lot of patience to be rich and also a lot of time crypto is not the place you can be rich in just over night

[King Bounty]

I don't think so, because now Crypto will make you poor overnight, that happens because the crypto market price always drops and never increases.

[kolinasnum]

One investor says it's the only investment opportunity where a poor person can leverage skill and luck, and literally become a millionaire. So, do you think crypto can make us rich overnight?

Sometimes you can make a great selling and have a great profit. But without knowledge, it is nearly impossible to make this kind of selling. And in my opinion, improving your knowledge on crypto can take mnths or maybe years.

[patispace]

Without a doubt, it is possible that the crypto market is the only one at the moment with enough potential to generate great wealth to the lucky ones who have the luck to buy the correct cryptocurrency at the right time, because as has been seen in recent times, there have been several cryptos that have been able to generate returns x100 or more in a matter of months.

And while it is true that many have had the luck to earn great fortunes practically from thin air, the truth is that most of those who have dared to invest in this market have suffered severe losses, so you can not generalize the idea that everyone is called to become a millionaire here.

[RemBlanc]

Well, in my opinion, it won't make you rich overnight. When investing on something, it really needs some time. Like in bitcoin, when you invest it is good to buy some when it is in red, at the same time you won't know when the market will be in green so you need to wait for it. The market is volatile so you won't know when it will be in green. So for me it is impossible to be rich overnight.

[kudosbadazz]

can i say something? "it was" but not now...Let me tell you something, the markets are in their red panties and hope you know what that means. The crypto tables are shaking . Lots and lots of predictions happening, lots of ups and down in crypto..Well it would be risky to invest large amount into crypto this times and thinking you would be successful overnight. Always invest what you can afford to avoid doing something stupid to yourself when things go wrong

[travieso]

yes. because in this forum there is a lot of evidence that poor people suddenly get rich

[sinkfish]

given most of the altcoin is making 2% to 150% per 24 hours. of you buy in  500k , yes, its gonna make you a millionaire. how bout 1k?? probably takes you  a few months for it to happen.

[viananda2525]

Well, in my opinion, it won't make you rich overnight. When investing on something, it really needs some time. Like in bitcoin, when you invest it is good to buy some when it is in red, at the same time you won't know when the market will be in green so you need to wait for it. The market is volatile so you won't know when it will be in green. So for me it is impossible to be rich overnight.

no one getting their success just from one night.it would need hard struggle from us to earn money from cryptocurrency.this is not easy as our imagination.especially in bloody market, maybe they would think regret to join in crypto market.