Crypto is not a get rich quick scheme

[phelbaby]

For sure it is not a get quick rich investment as some investors may feel and that is why new investors assuming Bitcoin to be a get rich quick investment are very disappointed on the price.

[masterkiller]

For a while it proved to be like that, but can it be done now? I do not think so. Why do people think like that, of course because this is the business, the purpose of the business is of course to get as much profit as possible, because this mindset makes the price of the crypto currency drop dramatically, many people make ico, hacker and phishing. We must immediately change the mainset because something instant usually won't last long

[Accts4u2]

It is not but a lot of people are using it as if it is some kind of get rich quick scheme and that is why we have so many people who are losing money, they do not do research into the market in order to understand it better to know the kind of investments that they are going to do and now they are losing money because they invested in coins that are not good

[CoinCollect]

I think that the cryptocurrency market is expecting a reboot next year. This year, prices will approach the minimum as much as possible, and next year it will be possible to see the prices as a year ago, when the market was just beginning to grow.

[crypt0.r3negades]

Only people that are aiming for profit uses that scheme. But for us, a serious holder we aim to see the good side of the coin and not targeting it to its downfall. If we believe on the project we must stick to it and continue believing. Crypto is not just for investment purposes but a scaffolding for out good future.

[gabbie2010]

A person with a mindset of joining Cryptos to become rich quickly could spell doom for such an individual, Cryptos are long term investment that need patience and perseverance in order to make a headway in making consistent profits however some  people got the shock of their lives by investing when ATH of BTC was attained last year hoping to get rich quickly but got burnt due to the massive drop in the price.

[Ostonian]

With today's market, this is not a quick income, but to some extent it is an opportunity to increase investment. But in order to earn something and not lose, you need to do a lot of work, you need to constantly study the market, projects, this is a lot of work. Instantly you will not earn, but in a few years you can make you happy.

[Tylev]

For many, the cryptocurrency really became a source of rapid enrichment, for some people it did not happen so quickly, but for many, the occupation of cryptocurrency was not very successful and they lost their money. It must be remembered that cryptocurrency is a moderately risky occupation and should be taken seriously enough. She does not create wealth. Cryptocurrency simply redistributes them. And this means that if someone gets richer, the other will suffer losses. Such a law of the market.

[sky9314]

In fact, more than 80% of people treat crypto as a quick get rich plan. I bet many people haven't even read any of the crypto books seriously. Investing in crypto is no different for them to invest in other things. In other words, this is why the bubble formed.

[Callanta787]

Crypto is not a get rich quick scheme unless you are just lucky ,I had a friend who never knew much about crypto but decided to get 2600 stratis at 0.07$ each and 2017 bull run turns stratis to 40$ each lol he is so lucky ,in crypto world things won't always be like that for everyone so let's just keep holding and investment ,Rome was not built in a day

[cpk02]

From my perspective, if you really want to get rich, let's look for a good coin to trade or invest into it and remember to stay away from scam. Besides you also need to patience because your target is not easy to achieve so working hard and you can get it.

[Nggedebus]

During 2014 there can be said that its the time for a get rich quick scheme, cause during that year, the rise on cryptocurrency is so much significant.
Many people getting a lot of profit that year.

[indobitcoin.tk]

get rich quick in the crypto is just the luck. only when such a large increase occurred last year alone people can get big results. other times it certainly takes the process because crypto is not a place to get fast results especially in particular to this year where a lot of people suffered losses because of the decline in prices.

[Kryten12]

I think your comments are particularly applicable to the coins that have no actual real utility or usage beyond being an exchange of value. These coins are passed from person to person at an ever increasing price in a Bull market and created huge gains in 2017. If we are to see that again it needs new money to enter the crypto space to generate speculation. I prefer to see that on the back of the previous wave there are new concepts adopting blockchain as the bedrock to support a real world business and I feel that these types of coins will push future gains based on adoption, underlying profit from true use and push crypto into the mainstream.

[guffie]

If you are ready to get rich, of course, you are also ready if you lose a lot of money. Crypto has a lot of risks if you don't have the ability, of course, you will be very difficult to get a profit. Being rich in my opinion is not easy because we have to work hard and have a good strategy. You also need to be able to take advantage of every opportunity you have.

[karagun125]

Yes, i agree, besides there's none of the job that would get you rich instanly except for an illegal thing. But cryptocurrency is one of a way people nowadays spend for investments to gain more profit. Investors and traders who had started about 7 to 8 years ago had a long way enough in crypto business. Many of them get riched already by the means of earning profit, but now the market is down, the late investors not coping up for a profit, but a deficit and a lost.

[cribusen]

I agree with you, because there are too much people that want to get rich within several weeks, without any investigation of projects. You need to invest a lot of time in this industry to get real cash, so work hard and you will rich your goals.

[Suwycu]

This is a reasonable conclusion.  After all, many who recently came to the cryptocurrency market really believe that growth will begin as scheduled.  But personally, I think that growth will not happen as soon as we would like!

[adrianto1995]

Everything needs a process and lucky. You cannot get rich quick without the process, many people can get rich from crypto because they always study, patient, learn from a mistake, and lucky enough. They can see the opportunity to get a much profit from crypto and become rich.

But there are some people who can get rich quick because they are LUCKY, they got win a huge prize of crypto worth for a thousand of the dollars or more from lottery or giveaway and of course they have become instantly rich...

[IVEXO]

Ofcourse crypto currency is not a get rich scheme

alot of people have experienced fraud in several manners because they wanted to buy exceedingly cheap from unknown  strnager and sell high
while some people rushed to buy green candes, which did them no favor whatsoever

crypto currency is for the long term and not get rich oriented.