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Author Topic: Crypto is not a get rich quick scheme  (Read 23399 times)
barabarian1
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December 19, 2018, 11:10:13 PM
 #221

I don't know if I am the only one that is not worried about the market and feel it is doing fine?
I see different posts about people saying different things like "it is the end", "crypto is dead", "I lost it all, it is time to get out" blah blah blah and I get pissed off. Most people don't do a proper research before FOMO into crypto and confuse it for a get rich quick scheme.
I definitely know the bull run will come but I am not expecting it soon. We just saw a massive bull run about 13 months ago and I think it is too early too see another, because there needs to be room for market correction, which is presently happening. Last year the price of Btc increased by about 1000% and has only reduced by about 600% which means there is still room for more correction. So do away with the fantasy that bull run will occur every year to get you rich and face the reality.


It is only the weak hands that are complaining while the wise are taking advantage of the market to get good altcoins at cheap prices.

What is you thought?Huh

yes I agree with you. the downturn that is happening now is the way the crypto market continues to exist, there is no way the market will continue to experience an increase, surely there will be when the market will decline and when this decline is a good opportunity for us to buy more. buy a few more coins so that when the bull run market we get more profit. crypto can't make us rich overnight. we must be patient and wait. and continue to do research so as not to be wrong in choosing coins.

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coinbirds
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December 19, 2018, 11:11:30 PM
 #222

Many invests in crypto and expect to become rich overnight.
They have to understand that this technology is more complicated that internet was and it needs time for being mass adopted.
There is a long way to go for it.
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December 19, 2018, 11:20:07 PM
 #223

Many invests in crypto and expect to become rich overnight.
They have to understand that this technology is more complicated that internet was and it needs time for being mass adopted.
There is a long way to go for it.
And this bearish market was to kicking these guys are shorting bitcoin. most of buyers in 2017 wanna be a millionaire in over night. When the whales are dumping their coin and then it looks so easy for them all to get plunged to the bottom. Basically these guys know nothing about speculation market.

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December 19, 2018, 11:25:38 PM
 #224

High reward, high risk, that's the simple math that most of us never learned, anything goes really high have the reason behind it.

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December 19, 2018, 11:29:07 PM
 #225

I think it suggest opportunities for people to become rich,but you must work here as well! And moreover you need a bit of luck.
So think about your knowledges in crypto,man

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December 20, 2018, 01:50:58 AM
 #226

I think it suggest opportunities for people to become rich,but you must work here as well! And moreover you need a bit of luck.
So think about your knowledges in crypto,man
Every investment gives a chance for us to become rich and crypto is just part of it.
Some people already became rich early compared to a traditional type of investment, because in crypto, the risk is high and the therefore the return is also great provided you succeeded. We have to work our method to find a good investment here as this market is not only full of opportunity but full of risk as well.

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Shatterlean22
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December 20, 2018, 03:06:22 AM
 #227

Of cos it's not, cryptocurrency takes dedication, time and patience to make something big from,it's not that easy at all ,its not meant for the weak at all ,its risk is huge too and so is the rewards and most times it depends on just lucks

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December 20, 2018, 03:50:58 AM
 #228

When people are faced with 2017, I think they get a lot of profits and trade can be rich. When Crypto became a get rich quick scheme, I thought that could happen. But over time 2018, the coins slowly dropped and to get profits was very difficult.
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December 20, 2018, 04:56:55 AM
 #229

get rich quick schemes will not be obtained easily on crypto. need a process on crypto to produce due to poor market conditions like this, of course, makes a lot of people are going to wait and couldn't sell fast. so maybe when hope fast results then the crypto is not the solution that is selected.

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December 20, 2018, 05:25:34 AM
 #230

Cryptocurrency is not the "rich over night" game, if you think cryptocurrency is like that then you will lose money in this market. Cryptocurrency is a now innovation currency that will help financial system develop better. You can earn money from Cryptocurrency market, but it is not easy, you must to understand it before you can make money from it.
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December 20, 2018, 05:37:21 AM
 #231

True , many believe is a get quick scheme and that is why they are in lost today and if they can change their mind set and how a good look at the way its work then they will enjoy what crypto is here to offer us , as it is an investment for future and not a quick cash way.
Many believe that crypto can used for quick rich which not because not always it is profitable but now many are disappointed. It is not always profitable and sometimes it real quick to make you lose when you do not handle it during the bearish period.

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December 20, 2018, 05:41:37 AM
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 #232

Many you thought cryptocurrency was a get rich quick business has dropped form cryptocurrency while those who learnt are still fully or partially still in the business.  The earlier people understands that this is not a get rich quick business the better and they will be protected from being hurt

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December 20, 2018, 06:46:09 AM
 #233

Many you thought cryptocurrency was a get rich quick business has dropped form cryptocurrency while those who learnt are still fully or partially still in the business.  The earlier people understands that this is not a get rich quick business the better and they will be protected from being hurt

The pioneered members know this and see where they are ripping the profit now then buying those dump price of those who bought in the peak. They never learn, and just ride on the hype the bull run effect last year. Now they are at loss.

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December 20, 2018, 07:10:08 AM
 #234

It sure isn't. If we all can get this and treat it like inveaent a very long term one, it will be better. But don't forget to take profit when u can.
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December 20, 2018, 07:27:31 AM
 #235

If you catch a glimpse of Crypto you will definitely think that this is the place to be rich. But after you enter and try some work here like trading. You will definitely experience a lot of risks and the idea of being rich is not easily achieved. Need a lot of knowledge and capital.

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December 20, 2018, 07:46:26 AM
 #236

It is this fast-growing mentality that has caused crypto to lose this year, too many speculators are flooding into the market, and everyone is trying to get a slice of it from this market. But the cake is limited,the people who can get the cake are a minority, and more people are dead.

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December 20, 2018, 07:56:48 AM
 #237

Yes, cryptocurrencis is not an easy way to get to its wealth, because in essence, cryptocurrencies are intermediaries to success.
By utilizing cryptocurrencies, we can get opportunities for profit, which is why cryptocurrencies are the path to success.
Remember don't think about wealth because we have to struggle to achieve that. Think smart then we will get the results we want.
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December 20, 2018, 08:14:19 AM
 #238

Unlike in the past, crypto is not a get-riches quick scheme. Rather it is a business like in other investment sectors like stock exchange. But it is truth that the market is volatile and as a result, coin prices fall and rise sharply from time to time. But with regulations in place, the market is becoming stable. One can get more benefit even from the falling market.
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December 20, 2018, 08:47:58 AM
 #239

all this is happening because people who are not investor are on board . Crypto is long term investment and this is not the fast time crypto has suffered such a massive dump like that  but there are people who are not investor just get in the market .. they are selling out cheap and fast.. and Broker want to hodl more crypto in the next bull run always they risk few coin to dump the market so that week holder can sell their coins to them cheap..  one day they are going cry allot   

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December 20, 2018, 09:06:04 AM
Last edit: December 30, 2018, 08:27:07 AM by oktana
 #240

Of course what I think is being able to get coins at cheap prices with a lot of panic going on in the market because I am very confident the Crypto market will grow

but it will take time to return to the moon and for the end of this year is not the time for BTC to rise to the moon because a few more months for the market to return to its best position so that now buy if the market falls and last until you make a big profit.
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