Crypto is not a get rich quick scheme

[714]

The majority of newcomers entering the money market have seen electronic money holders become rich so they seem crazy and want to be. They did not care that the wealthy people in the electronic money market all spent a lot of time and effort on it, people who just complained so they could not achieve success in this market.

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[BCTS]

Despite such market conditions, there are people who still earn good money on cryptocurrencies. For example, those who recently bought Ethereum for 80 and sold for 160. The net profit is 100 percent.

[bellaayu]

The situation like now being rich is certainly very difficult because the price of coins continues to decline. Maybe if you are in 2017 you can become a rich person with big capital and a good strategy because market prices continue to increase.

[Akoldi_ibk]

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$

I'm not doubting your view, but a good shitcoin might not see much increase in this current market and might as well end up dead before the end of this bear market. Your strategy was productive in a different market. However, it might not spell out good this time around. Even the genuine coins are struggling to keep heads up.

[TheAndy500]

The situation like now being rich is certainly very difficult because the price of coins continues to decline. Maybe if you are in 2017 you can become a rich person with big capital and a good strategy because market prices continue to increase.

We can not go back in time, but we know that the history of bitcoin prices is repeating itself. So if the scenario from 2015 will repeat - I mean that what happen after correction in 2015, if you buy now, then in a year or two you can become a millionaire.

[aji567]

I agree with your opinion, crypto is indeed not getting rich faster. I experienced this. I have been studying crypto for 1 year to be rich but this is not a little time. I have to be patient and fight harder.

[robelneo]

Judging from the so many post about market condition, it seems there are only a few experts and true believer here, people are asking to much and complaining of bull run not coming at all and how long this bear trend will end, while others are complaining there are those whales who kept buying for the coming bull run and they are going to have the last laugh.

[prayogi]

Basically, getting rich isn't as easy as one might imagine, we have to eliminate the assumption that crypto is a rich quick scheme,
now there are many rich people losing all their assets because of the drastic decline that occurred on the market

[ParabellumLite]

Cryptocurrency is all about patience and knowledge.
You need to study well before investing and you need to wait patiently for the price to rise.
This is not go lucky in a day.

Although I have enough knowledge, I always think that when investing, we always need a little luck. I used to be like that when I didn't know much about crypto, and chose a great project to invest, thankfully I got a profit from it.

[kr105]

I totally agree with the title! Sadly, most people seems like they were into crypto only to get rich in very quick time. I think this market deserves better than that. Sometimes i’m also thinking the market condition is not good but it doesn’t mean this is the end. There will be much better times in future!

[poodle63]

The situation like now being rich is certainly very difficult because the price of coins continues to decline. Maybe if you are in 2017 you can become a rich person with big capital and a good strategy because market prices continue to increase.

We can not go back in time, but we know that the history of bitcoin prices is repeating itself. So if the scenario from 2015 will repeat - I mean that what happen after correction in 2015, if you buy now, then in a year or two you can become a millionaire.

Not sure about you can be a millionaire from bitcoin quickly and it's not possible. In fact that you must remember about our possibility to become the next millionaire through altcoin but this needs a very long journey because you must wait till it will reach peak price again.

[Osayo]

Yes it is true. But still have it at the back of your mind that the main driving and selling point of cryptocurrency is the fact that it can get you a livelihood.

[Eclipse2021]

there are other aspects of crypto that are more valuable than chasing the rich over night scheme. crypto in general should be approach to the tech side first and then the price, stabllity over speculations.

[goodday886]

for most people, encryption doesn't make you get rich quickly. u need to learn the basics of encryption. This way you can identify the quality of the coin. You need to know the market changes instantly. This way u can buy and sell at the right time.

[Musia]

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?

You are definitely right, if a person thinks that he will earn a lot of money in a short time, he is very much mistaken, cryptocurrency is not a cash cow, there must be a lot of work and a lot of risk, spend a lot of time and effort

[biznes35]

I think that we still have a long time to wait until the mass price increase. A lot of people left crypto because of the large financial losses. Cryptocurrency will live if we manage to create a good project that will become the gold standard for the  cryptocurrency. And if this does not happen, we will see the speculative market for a very long time.

[dodgecharger]

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?

Since the above bull market to the present, it has been more than a year, the volatility of the cryptocurrency market has gradually stabilized. I think that only investors who persist in can get the final gain.

[Fumzy]

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?

you are right though, crypto is 50/50 but if one needs a 100% return, patience is required. It might not be a get rich quick scheme but when it comes, it comes. This year shows no sign of abundance of rain in crypto but it doesn't means that its the end, for the strong fighters we have to hold on because the market right now is clearly unpredictable. This is why from the very start the oldies advised not to put all your hopes on crypto so if you are out there depending on crypto for your daily needs.... hmm is all i can say

[Xising]

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 agree. Maybe before, you can say that it is somewhat like that during the time it was starting, but now, the market is usually at a dire or falling state, if not in a dormant or bearish state, that it's just so difficult to get some good returns. Therefore, if you, as an investor, is serious about the market, you should change your mindset and go in for it with the mindset that it would be a long haul before you can get a return. What's more challenging in this market is the fact that even after enduring the tough times and waiting it out, the chance of you getting a good return from your investment is still not set in stone. These days, it's really just a matter of "holding" on to it. But, if you hit that jackpot, I think it's well worth it.

[terahash]

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?

yes the crypto is not a get quick quick scheme but many people consider crypto is get rich scheme.
I think nowadays many people are disappointed with Bitcoin because of that and many of them continue to dream of getting lambo quickly. SAD