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Author Topic: Crypto is not a get rich quick scheme  (Read 23273 times)
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February 02, 2019, 11:21:02 PM
 #541

There is nothing strange in such messages, as many have invested in cryptocurrencies in the hope of getting fast money and at the same time people did it at the peak! I think that so far the bear market will continue, but the growth will be the same.

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February 03, 2019, 12:27:11 AM
 #542

Yes thats definitely true. If your goal in entering the field of cryptocurrency is to become rich overnight, then your making a huge mistake. Yes there are people who make huge money in crypto but they have the skills and they know what they are doing. Also it takes time to gain that skills and knowledge. You have to be patient, observant, and you should make your own research on crypto.
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February 03, 2019, 04:06:41 AM
 #543

Thank you for this well craft post ,people should really stop thinking that crypto is a get rich quick scheme or ponzi schemes, its far from that and yes presently market correction is taking place and it intends to stay longer.
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February 03, 2019, 05:14:09 AM
 #544

Cryptocurrency is not a quick scheme  be rich,but for those who are hardworking and big time investments and investors it is easy for them to get rich here in cryptocurrency.

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February 03, 2019, 05:56:55 AM
 #545

Thank you for this well craft post ,people should really stop thinking that crypto is a get rich quick scheme or ponzi schemes, its far from that and yes presently market correction is taking place and it intends to stay longer.
In fact, the moment for a large and fast earnings was in the past, to repeat something like this is unrealistic, it is necessary to continue to work not twisted in the clouds

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February 03, 2019, 05:58:49 AM
 #546

i agree with u. Encryption is suitable for long-term investments. it will make you lose a lot if u try to make a profit through short-term investments. day trading may make you profitable in the short term. In the long run, u will lose more.

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February 03, 2019, 05:59:14 AM
 #547

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

This thing is clear. There are just those people who are delusional about the chance to earning profit quickly and easily from this market, indeedly think it must raise continuosly and the decline shows for the end

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February 03, 2019, 06:43:06 AM
 #548

Yeah it is, if you time the market. If you were to invest into some crypto just before 2017 bull started or invest in coins which got pumped like 3000%.

I don't remember properly but I guess xrp gave profits like 30k% to investors. Where else do you get such massive profits?

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February 03, 2019, 07:15:24 AM
 #549

Yeah it is, if you time the market. If you were to invest into some crypto just before 2017 bull started or invest in coins which got pumped like 3000%.

I don't remember properly but I guess xrp gave profits like 30k% to investors. Where else do you get such massive profits?

   About what XRP you talking about? Who told you that? Why don`t you check charts, XRP highest price ever was 3$. From zero to 20000$ is the highest possible
profit that anyone could have made, and it`s Bitcoin. Others can`t come close to that.
   XRP is under a dollar, again. Will it go up again, and when? There are other great projects that can outshine XRP in my opinion.



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February 03, 2019, 07:22:35 AM
 #550

Absolutely, only people who like to fantasize without seeing the reality now. If it happened like in 2017, the crypto holders could get rich quick. But now???
The answer is no !!! Because crypto doesn't seem to develop anymore.
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February 03, 2019, 07:25:44 AM
 #551

On the whole I would tend to agree with you, but there have also been some periods where it was exactly that, quite a few people will tell you on occasions they have made 500 - 1,200% profits in a few weeks but these chances need to be grabbed with both hands when they come along. I am quite happy accumulating for the long term at the moment and of course am using cash I have no immediate requirement for.

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February 03, 2019, 07:27:24 AM
 #552

Yes many has lost money thinking cryptocurrency owes them any sort of funds and the make the wrong moves a pay the horrible price.
It's always nice to have a flawless  understanding of the whole crypto space
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February 03, 2019, 07:13:08 PM
 #553

Absolutely, only people who like to fantasize without seeing the reality now. If it happened like in 2017, the crypto holders could get rich quick. But now???
The answer is no !!! Because crypto doesn't seem to develop anymore.

Those who sold out when Bitcoin started to exceed the price of 15k were all rich. Even Litecoin's founder has sold out his coin, it is true that now I still see my stupidity why not follow him. As for crypto, you are wrong, it is growing rapidly and strongly
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February 03, 2019, 08:07:00 PM
 #554

I thought the majority of our community has already understood that this is not the best way of how to get a millionaire within several hours. Work hard pays off and you need to make a lot to reach success in our industry.
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February 03, 2019, 08:12:36 PM
 #555

I am totally sure that crypto isn't a fast scheme. For me it seems like a long term scheme where you have to work and find new more profitable ways!
That's how I see into it!

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February 03, 2019, 08:27:06 PM
 #556

Yes, you are right. Crypto is not a tool to be rich within a month or year. Crypto like a lottery, if you win the lottery then you will have a great opportunity to be a rich man within a few months! If you are able to become a real crypto enthusiast and expert then crypto can support you forever.
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February 03, 2019, 09:20:50 PM
 #557

This is not the end for cryptocurrencies, but it is clear that the market will continue to fall and its decline has become one of the longest. I think that the market will be able to revive only in the 4th quarter of 2019.

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February 03, 2019, 09:38:44 PM
 #558

it's good if you still believe in crypto potential because people like you are really needed by the market, the more people like you, the greater the chance for crypto to recover, imagine if everyone was pessimistic and left crypto crypto would completely dead according to the predictions of most people.

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February 03, 2019, 09:58:36 PM
 #559

Crypto is a quick become beggar scheme for those who believe that it is a quick rich scheme. Why the hell you believe crypto as a money making machine.

many people believe that crypto is a moneymaker. because until now we can get money from crypto. but the rich or not matters depend on personal people, because rich is certainly a process and it is impossible to get rich right away. all it takes the process.
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February 03, 2019, 10:35:17 PM
 #560

Definitely cryptocurrency is not a get rich scheme. what people needs to know and understand is that cryptocurrency is just a digital currency like any other physical fiat. Its just a means to exchange goods and services for. Just like physical fiat, you can invest into cryptocurrency but that does not grantee you on becoming rich. The market price of it keeps changing but that is not a get rich quick signal. Its just like the currency we use to buy things.
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