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Author Topic: Crypto is not a get rich quick scheme  (Read 23384 times)
ghermghuda
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January 02, 2019, 07:19:18 PM
 #261

That's correct. Crypto is no get-rich-quick venture for all of us and those who have experienced the different types of bull runs can testify to that. Crypto has been through many price fluctuations and if you think you can get-rich-quick overnight tgen you can also lose overnight. Steady growth is the best option.

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January 02, 2019, 07:24:00 PM
 #262

Cryptocurrencies are no longer a scheme for your rapid enrichment.
To make a profit from cryptocurrency you need to put a lot more time and effort than before.
A very important role is now played by your knowledge in this area as well as the ability to predict the ups and downs in the volatile cryptocurrency market.
No longer a scheme? It was actually never a scheme to get rich real quick and people understood this the hard way. Once people saw the price starting to rise rapidly during the end of 2017, people started to invest as much as they can. And then boom.... the crash got them real hard. Hope they actually learned their lesson.
And people should never consider this as a form of getting rich real quick. They should see it as an opportunity to financial freedom.

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anatolij.shishkin
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January 02, 2019, 07:28:20 PM
 #263

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

Well, you can not deny the problems that exist. Yes, of course, such giants as Bitcoin will undoubtedly grow. But what about the new projects. Their growth is difficult to predict. The chance that this year there will be a large investment in cryptocurrency is small.

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January 02, 2019, 08:37:25 PM
 #264

Cryptocurrencies are no longer a scheme for your rapid enrichment.
To make a profit from cryptocurrency you need to put a lot more time and effort than before.
A very important role is now played by your knowledge in this area as well as the ability to predict the ups and downs in the volatile cryptocurrency market.
Nothing in this world,is going to make you rich very rapid.You need to have much efforts on what you are doing to get richer but as you told it will take time and lot of patience.

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January 02, 2019, 08:49:20 PM
 #265

I am also disappointed by the fact that more than half of all market participants considered cryptocurrency to be just a great way to get rich quickly. In fact, you can and should earn income here, but the crypto market has completely different goals.

Cryptocurrencies were originally created for the replacement of fiat money. However, why not earn it? The possibility of earning and made cryptocurrency so popular.

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January 02, 2019, 08:57:44 PM
 #266

I am also disappointed by the fact that more than half of all market participants considered cryptocurrency to be just a great way to get rich quickly. In fact, you can and should earn income here, but the crypto market has completely different goals.

Cryptocurrencies were originally created for the replacement of fiat money. However, why not earn it? The possibility of earning and made cryptocurrency so popular.
if the situation in the cryptocurrency market gives you the opportunity to make good money, then it would be foolish not to take advantage of this chance. In any case, if new projects are really promising and in demand in society, then such ideas bring profit not only by the investor, but also by the trader and participant of the Bounty companies.
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January 02, 2019, 09:14:34 PM
 #267

Sure it's not. Take a look how much time takes for teams to create thieir projects. For example AdEx. They created almost a year ago. But still keep making it beteer and update different protocls. Wth a such huge work that have been done, they will sure reward all the users in a future. Team is very open and great.
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January 02, 2019, 09:15:06 PM
 #268

I am also disappointed by the fact that more than half of all market participants considered cryptocurrency to be just a great way to get rich quickly. In fact, you can and should earn income here, but the crypto market has completely different goals.

Cryptocurrencies were originally created for the replacement of fiat money. However, why not earn it? The possibility of earning and made cryptocurrency so popular.

Cryptos werent made as a replacement for fiats but they were an alternative option and specifically built for online purposes  . though yeah i agree that it is really profitable thats why many people think that is  an easy money but those times are only on the past where cryptos values are still higher  . right now  , cryptos are not really profitable anymore but they can still be useful for other purposes  most especially for paying/buying  .
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January 03, 2019, 10:12:18 PM
 #269

That's correct. Crypto is no get-rich-quick venture for all of us and those who have experienced the different types of bull runs can testify to that. Crypto has been through many price fluctuations and if you think you can get-rich-quick overnight tgen you can also lose overnight. Steady growth is the best option.

I'm sure you'll more likely lose all your money than make some. Many positive factors should come together, and you need a lot of courage not to be greedy and withdraw your profit at once.
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January 03, 2019, 10:52:10 PM
 #270

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

I am agree with you, its not right to always say that cryptocurrency is dead because of the down fall of it. Its normal because at the first place its volatile so we do not need to say it. Sometimes because of the topic like that some people losing their hopes and immediately panic selling. As long as you can join in any bounty campaign. You should enjoy snd see if its salary is mouth

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bitkanu
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January 03, 2019, 10:56:53 PM
 #271

I am also disappointed by the fact that more than half of all market participants considered cryptocurrency to be just a great way to get rich quickly. In fact, you can and should earn income here, but the crypto market has completely different goals.

Cryptocurrencies were originally created for the replacement of fiat money. However, why not earn it? The possibility of earning and made cryptocurrency so popular.
That's right and it was satoshi's vision but this time a lot of speculators have changed it and most of people are know if crypto can become a scheme to get rich for fast. Crypto has a lot of advantages but a lot of people are still betting on it.

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January 03, 2019, 11:00:53 PM
 #272

I am also disappointed by the fact that more than half of all market participants considered cryptocurrency to be just a great way to get rich quickly. In fact, you can and should earn income here, but the crypto market has completely different goals.
Increase the percentage and make it around 80%-90% got into the market for that belief.

The market can allow you to earn more through trading if you have been playing well but its not the way that the newbies were thinking before of making someone rich. The bad thing was they went through one of the biggest market correction which lead everyone to to be discouraged.

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January 17, 2019, 03:57:00 AM
 #273

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

Unfortunately, most participants in the crypto market have only recently argued that this is just a way to make a lot of money quickly. Unfortunately, they were greatly mistaken, as a result they lost a large amount of their money. This is a really promising market with excellent potential, but it is not necessary here to look only for ways to get rich.
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January 17, 2019, 04:15:42 AM
 #274

A wise crypto trader will never panic and he do not be led by those who spread this panic around. Panic moods do not lead to anything good, and all those people who are inclined to sell their assets when their price drops significantly after a while, they very much regret their actions, but they cannot return anything.

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January 17, 2019, 04:25:09 AM
 #275

You are right that Crypto is a scheme to get rich quickly. And this is for those who have proven it and I think there are many people. But that cannot happen to everyone because everyone has the ability and the amount of money each person has is different.
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January 17, 2019, 04:55:12 AM
Last edit: January 17, 2019, 07:50:22 AM by Mypanara19
 #276

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

I agree with the way you think about cryptocurrency as a whole. And having the mind set and idea that being involve with crypto world will make them an instant rich is an immature way of thinking as it really takes time for the market to recover but I also believed that there are people who has found good fortune from cryptocurrency simply because they have self discipline and the patience to hold on to their assets until it reach the best value that would make them millionaire.
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January 17, 2019, 05:02:50 AM
 #277

You are right that Crypto is a scheme to get rich quickly. And this is for those who have proven it and I think there are many people. But that cannot happen to everyone because everyone has the ability and the amount of money each person has is different.
each person have their own lucky.some people get their success only in a year from the begining.but another person didnt get it although pass more 5 years.and also it depend to our skill and knowledge to find profitable projects/coins in market.without this factor we will not success in short time.
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January 17, 2019, 05:24:07 AM
 #278

You are right that Crypto is a scheme to get rich quickly. And this is for those who have proven it and I think there are many people. But that cannot happen to everyone because everyone has the ability and the amount of money each person has is different.

But in the end, if that person can be able to manage his money and invest in many coins, I am sure that someday he can be rich too. With crypto, we can have a source of income with unlimited profit we can get because we have too many options of the coins that we can trade, and each of the coins will give us the profit. But it's back to that person and what he does to get that income and the most important thing is he can be patient while he still doing many things related to crypto.

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January 17, 2019, 05:29:25 AM
 #279

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

I also think as you. Almost people who participate in this market because they are heard many stories about earning money so fast from cryptocurrency. And when the market slumps, they nearly lost belief completely and run away, they suppose that this market must grow continuously but this is impossible

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magnat7691
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January 17, 2019, 05:31:43 AM
 #280

Cryptocurrency would rather make you poorer, because the majority will leave their money here and will regret for a long time.

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