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Author Topic: Cryptocurrencies will make you rich overnight?  (Read 4414 times)
Kimtuyenncth (OP)
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August 20, 2018, 02:53:07 PM
 #1

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?
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Every time a block is mined, a certain amount of BTC (called the subsidy) is created out of thin air and given to the miner. The subsidy halves every four years and will reach 0 in about 130 years.
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NeuroticFish
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August 20, 2018, 05:41:05 PM
 #2

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?

You should learn to "read" the advertising.
Crypto investments are high risk investments. If you pick the right projects (coins, ICOs) to invest and wait long enough there's a good chance you win big. But there's also the rick you lose everything especially if you are impatient, but also if you don't pick enough good projects in your investment portfolio.
So you need starting money, you need knowledge, patience and luck. And certainly it doesn't happen overnight.


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siddartha1492
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August 20, 2018, 05:50:57 PM
 #3

Only a big lottery can make you rich overnight, nothing else. It takes a lot of patience, skills and right judgement to make a fortune in cryptos. But more importantly, cryptos are not to make you rich but to give you freedom, privacy and benefits of decentralization. That's the main thing.

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August 20, 2018, 05:55:51 PM
 #4

It is early for investment but most of the coins are trash, also you are more likely to be poor instead of rich over night.

Awesomus Maximus
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August 20, 2018, 05:56:36 PM
 #5

The times to get rich overnight in the crypto world are over. Only the early bitcoin adopters were lucky enough to really get rich. Now you have to work hard and hold and hope that in 10 years or so, your coins will be worth at least 10 fold. It is not impossible, just follow the predictions if you don't believe me. You won't get filthy rich but it could be a nice investment.
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August 20, 2018, 06:00:57 PM
 #6

It wont happen overnight, but you can get rich with the right projects and a bit of luck. Imagine if you invested in Bitcoin 4-5 years ago?! But forget getting rich overnight, it is not that easy.
Natusik
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August 20, 2018, 06:02:43 PM
 #7

I do not know about you, but I'm definitely going to become rich with crypto currency. The thing is that I made 3 long-term investments in very promising projects and expect from them multiple growth in 4-5 years. And what did you do besides the chatter?
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August 20, 2018, 06:03:17 PM
 #8

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?

Like any other industry, It can make you rich, but not overnight. I have made millions in this industry but it's taken a lot of hard work over a period of many years.
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August 20, 2018, 06:11:35 PM
 #9

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?

As practice shows, the recipe to become rich on the crypto: "Buy crypto, forget about it for several years " And the night you remember about it, you will become rich, but now such a scheme may not work any longer.

davcro22
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August 20, 2018, 06:19:12 PM
 #10

Of course, this is possible, because it happened only recently, with the example of bitcoins and altcoines a year ago. The price of many coins has grown 1000 times.
jillscarbrough
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August 20, 2018, 06:20:26 PM
 #11

do you think crypto can make us rich overnight?

Anything will always be possible on this earth, If you are lucky enough of course. But the problems are, you wouldn't know when it will gonna happen, right? It also applies to cryptocurrency. Are you want to wait for some amazing thing happen to you? Or you want to do something to make it happen?
Impulseboy
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August 20, 2018, 06:23:27 PM
 #12

That is also what my friend used to think, before I convinced him to wait it out before getting into cryptocurrency. There is nothing that can make you a rich overnight, unless you win the lottery. Cryptocurrency takes patience and knowledge and understanding. If you do not know anything about how crypto works and are impatient who only wants easy money then crypto may not be for you because in crypto you win big but you also lose big.
pearcy jackson
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August 20, 2018, 06:27:39 PM
 #13

I believe crypto can provide income. but it must be remembered, that crypto does not always provide benefits because all investments have risks. crypto can make you rich, but crypto can make you lose everything, so it's smart to choose where your funds are invested
Gadhoh
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August 20, 2018, 06:34:45 PM
 #14

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?
It's not as easy as you imagine to be a millionaire overnight, indeed investing in the world of crypto promises to be rich but requires a long time, it also has to see the fluctuating market price, at least requires patience and the right strategy so that wealth can be obtained
CoinCowgirl
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August 20, 2018, 06:38:07 PM
 #15

I think that the chance is not ver big, but it is absolutely possible. You make the change bigger when you be patience and give it time.
husanlarisa
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August 20, 2018, 06:46:02 PM
 #16

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?

Yes. It is still the only investment opportunity where you can invest somehow 1000$ and get millions.
But for that one has to have a strong gut.
IgorShumilo
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August 20, 2018, 06:49:03 PM
 #17

It is for this reason that we had a bitcoine price of 19,000 dollars, people thought they would become rich overnight. Stupid people saw a big correction and sold everything and remained in a huge minus, smart investors did not sell at a loss and will wait for the market to turn (it will be). Happy people bought crypto 2 years ago or more)
lifesgood10
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August 20, 2018, 06:50:46 PM
 #18

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?

You need to understand that crypto currency is not a joke and magic does not occur in its operation
Crypto currency is based on research work, even with high research skill, crypto currency has high risk bigger risk too

A risk of loss, so it doesn’t occur overnight; it takes hard work and guile confidence
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August 20, 2018, 06:51:01 PM
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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?
No, cryptocurrency cannot make you rich overnight because it all requires a process. You take your time to make good research of a product and invest in it. After investing, you hold patiently and when the price is high, you can then sell but do not be greedy with your investment.
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August 20, 2018, 07:00:14 PM
 #20

To become a millionaire overnight is even fantastic for the crypto world. However, crypto is so beckoning to beginners that there are unlimited possibilities. If you work hard and take a little risk, you will certainly increase your capital. Maybe up to a million, maybe more! The road will be mastered by the one walking!
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