Crypto is not a get rich quick scheme

[heritage35]

Sometimes, what we come across or meet in some situations of life, might not be what we prepared for.
In a case where a person who comes to invest in a coin, is expecting to cashout some profits in the next few months, but almost a year is gone, he is still at loss.
Whoever will make it in this crypto space must be ready to learn and know some facts.

[ttg43]

Crypto has potential. But if you think crypto is a get rich quick scheme, you are wrong. It is a wide field of passive income and real world benefits!

[Olayinka225]

That's where most of us are getting it all wrong, the philosophy of crypto doesn't say if you invest now, you must definitely gain for your investment but rather depends on luck,grace, professionalism, experience, patience, capital, non greediness etc. If all this are follow, then one will sure gain something out of crypto with time.

[monster2]

Here in cryptocurrency you cant get rich in a short period og time.but if you are bigtime investor you can get rich in short period of time. so need here if your are not investor is to become hardworking.

[Correlll]

A lot of people on this forum and within the industry do not getting this. They are pushing all their funds into crypto currencies and are getting disappointed after they have not made 1 Million dollars from 10 bucks.

[BartS]

Yes, indeed: crypto is not a get rich quick scheme,
crypto is get scammed for sure scheme   
Sometimes it takes longer, sometimes sooner but I am afraid everyone in crypto was scammed (quitscam projects, hacked exchanges etc) or will be scammed at least once a lifetime. Sad to say

That is only true if you invest in icos if you avoid doing that then you can be in a safer position, however if you have such a bad image of cryptocurrencies then it could be time that you reconsider what you are doing in this market, there are many other markets with regulation that can protect you from many of the things that happen in this market and will allow you to invest without having to be worried about being scammed by people at the other side of the world.

[yingfeng]

Many people do not understand what they invest in. For them, if the price of a coin falls, then this is a bad project. But in fact, in 2018 many good teams developed their projects very strongly.

[Alohadanc3]

This is a very misunderstanding fact of the crypto market. Specially for those who are new to this space. Newcomers thought that this market is only made by profits. Some of the people in social media like YouTube wanted to make many sponsor videos. And newcomers saw those things and come to this ecosystem and thought that they will be millionaire by overnight. So they invest without knowledge and most of them ran on lose. So the basic of this market is watch and learn first then go for the investment. And whenever listen to other cross-check the words and do some research on your own.

[thesmallgod]

From my little experience and findings, this is not the first time crypto will be witnessing set back but as a result of continous grow in the numbers of people that is into bitcoin, we continue to hear different side views. To me it is time to learn in hard way and like they say that experience is the best teacher. I believe a lot of people that have witnessed this in the past are using their experience to load their wallet with crypto that they believe will go wide ones the bear market is over. I am currently doing the same as well. Buying coin with great potentials.

[bravehearth0319]

My idea is that although the price of the altcoin in the hands has dropped a lot, I will not easily sell them, I will wait patiently for the opportunity.

yes I agree with you, wait until the price you want is reached even though it's not an important issue for your target. do not be easily provoked to sell it and follow your own will.

In addition to that, don't get panic once the price drop deeply. Just stay calm and wait until it recover or bounce again in the future.
It is very seldom to happen were through crypto you can be rich, majority of it are not true only few of them can be a tools for you to become rich but sad to say that most of the crypto are shit coins as far as I know. So be careful in choosing crypto or altcoins when you are in the market.

[makerst]

As I understand it, there used to be great opportunities to really help make money. But now it seems to me that the best that may be is probably just to save the invested funds. These are real opportunities, but they have not yet arrived today.

[apex944]

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?

I think this is the wrong way to view crypto. i can see why most people view it as a get rich quick scheme but i think we're forgetting the larger picture of what crypto is trying to accomplish. i just hope people realize there are other alternatives to quick lived altcoins. There are protocols in place that are changing how we view money entirely like ampleforth. this is a project i'm pretty pumped to see in the space. no get rich quick scheme here

[goodbuybitcoin]

Cryptocurrency is very volatile. But but I think that every person has very little chance of choosing the coin that will grow very strongly in a short time.

[CaMeRoNy]

I can not share your opinion, because in principle, most people have invested in cryptocurrencies in order to make a quick profit. In my opinion, it all depends on how much time you entered the market and how you understand it.

[iyah adrian]

All of course have their own ways and principles to benefit from the crypto world. Of course, of course there is certainly a risk that we can get. Crypto is not as easy as we imagine to be rich. All of that there is certainly a failure process and from all that then we know how to work in crypto. Of course with that you will understand how to get rich and look for profits in crypto.

[heninur]

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.

right, many people join crypto with the aim of quickly becoming rich, this thinking is very misleading and makes everyone so disappointed when they suffer losses. they did not know that by joining crypto there were a lot of risks to be faced, and not just being able to make rich quick!

[posi]

As I understand it, there used to be great opportunities to really help make money. But now it seems to me that the best that may be is probably just to save the invested funds. These are real opportunities, but they have not yet arrived today.

Yes, crypto currency market is a market loaded with great opportunities and great risk either but most people forget the fact that for every journey there must be some challenges on the way. However, saving ones invested funds is also not the right decision in some cases because you might invested in a right and you'll end up blaming your self for cutting losses.
Just understand crypto investment very well in other for you to make the right decision at the right time.

[akram143]

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.

right, many people join crypto with the aim of quickly becoming rich, this thinking is very misleading and makes everyone so disappointed when they suffer losses. they did not know that by joining crypto there were a lot of risks to be faced, and not just being able to make rich quick!

Absolutely Crypto is a way of money making like other job but many people thinking it will be the easiest way to be a rich person but the rich people who are become in this field will travel a lot and they are doing good work for being a millionaire otherwise they cannot move on like this.

[spike420211]

More likely, in crypto you become rich very slowly, in 2018 of course. However, the skills and knowledge that I acquired in such a difficult year, I am sure, will help me earn a lot more in the future.

[ikicha]

Well you can try your 100$ of your money into a shitcoin, try to find a good shitcoin then with your 100$ it can be turned ito 10K - 100K USD. I have a experience with that. Example like a nano currency they start at under 0.01$ and get ATH 35$