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Author Topic: Crypto is not a get rich quick scheme  (Read 23059 times)
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March 04, 2019, 12:31:00 AM
 #661

precisely crypto is a very long scheme to get rich. Just look, crypto-rich people are people who started crypto investments 5 years before and rose to the moon in 2017. And this year crypto has not risen too since falling in 2018. So it's clear, not a fast method for rich , but a long-term investment process.

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March 04, 2019, 01:22:20 AM
 #662

A lot of people misunderstand this and as a result they get disappointed. Many people had the conception that crypto is all about getting rich quick but when dawn on them they get disappointed.
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March 04, 2019, 01:31:44 AM
 #663

Maybe most of them who think like that are the people who had experienced the bull run in 2017 when most ico was success and when most coin grow rapidly. But I am sure people who involved with crypto before that year already have a wise mind that crypto need a patience not a rich quick scheme.
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March 04, 2019, 02:17:18 AM
 #664

I also have the same feeling when I started here years ago. I thought it will going to be dead because of those negative reviews but if you will going to stay and study more about it you will learn that it's really worth it and yes it's not always giving a quick profit.

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March 04, 2019, 02:18:27 AM
 #665

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

How could they say that crypto is a quick scheme platform if they say that the ICO's are dead? No one would be profitable in that behavior, I think what we need to do is to increase the support in order for vast adoption of cryptocurrencies.

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March 04, 2019, 02:27:14 AM
 #666

Yes, that is true don't expect wealth from crypto, because the current crypto condition is different from the one before, we don't know when crypto will rise and will give us a big advantage, don't expect something that won't happen in the future

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March 04, 2019, 02:43:32 AM
 #667

crypto is not as fast as getting rich, I think it's wrong. instead of the profits generated from crypto all reap its own process not when bitcoin explodes in 2017 and we assume that it can be impromptu this year or the next. I am sure that crypto has many benefits but everything still needs a process, while the market is still down.

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March 04, 2019, 02:46:24 AM
 #668

People who have a short-term mentality will tend to get burned in this market and with investing generally, unless they are day traders. Having a fundamental appreciation of this industry means you will come to terms with the fact that it may take many years or even decades for it to fully develop.
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March 04, 2019, 02:59:42 AM
 #669

For starters, crypto is not dead. She has a long way of development and transformation.
Despite the bad market, millions of real money are spinning here. This means that the crypto is full of possibilities and its potential has not yet been fully revealed.

The money you are talking about are investors money who has been used and trick. Crypto is goof but if you refer to the trading aspect you can noticed that it is widely manipulated by some whales and this isnt good for the actual growth of different projects which rely on trading than the development itself. I like to see a crypto moon, on its own progress not by hype news.


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March 04, 2019, 06:00:52 AM
 #670

This advice is meant for the newbies ,I'm here to support the technology although I have my own portfolio only just for the future ,my focus now is to learn more not for quick money

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March 04, 2019, 06:22:32 AM
 #671

Not only you feel like that.
Same like me and other people here, we know market is not grow fine.
Maybe we need hold for more more time.

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March 04, 2019, 06:35:17 AM
 #672

I believe that cryptocurrency will make me a rich person sometime. I make a lot of efforts to increase my capital. Cryptocurrency gives me great opportunities.

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March 04, 2019, 06:43:52 AM
 #673

Obviously, cryptocurrency is for those who have a lot of patience and ability to adapt any kinda situation. Yes this is a great opportunity for a dream future, but short-term investments will not give you a good return it may even pull you to lose your money. It may take months or years but the life is brighter and you will get an opportunity if you invest in this.

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March 04, 2019, 06:45:55 AM
 #674

Yes, indeed. And why all of the people don't know about the crypto is really make you not rich, but you will be rich if you are lucky enough.
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March 04, 2019, 06:48:28 AM
 #675

It is easier to get caught in the bear sentiment when the market moves downwards in the short term, but totally agree that the market is actually still 5 to 6 times larger than what it was just a few years ago, which is relatively impressive when compared to any traditional markets

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March 04, 2019, 07:13:16 AM
 #676

But for some it did like in one shot. All I'm saying that they were lucky to be at the right moment when 100x to 1000x was very easy to achieve if you are a bagholder of diifferent altcoins. Your chances of becoming a millionaire with that strategy will get boosted so much because it was the golden year for cryptocurrencies.
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March 04, 2019, 03:37:54 PM
 #677

People who think and believe that cryptocurrency is a get rich quick scheme do not really understand the main concept behind the introduction and development of cryptocurrency. Cryptocurrency is just the digital form of physical money but with this, transactions are made simple, easier and faster with a low fees charged. But due to the value of some of the crypto coin, people invest in them to some amount of profit when its market price increases....  


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March 04, 2019, 04:01:38 PM
 #678

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
Cryptocurrency is not really a scheme for you to get rich quickly because it will take you a lot of time and hardwork before you get rich with it, but many people really says that it is really more fun to earn money in crypto than your regular job because it doesn't give you a lot of pressure.

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March 04, 2019, 04:51:23 PM
 #679

In 2017 bull run, many people got rich quickly, so seeing that many other investors got into the market in the hope that they can get rich quickly, but that hadn't happened, since then the market nosedived and got to bottom.

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March 04, 2019, 06:53:57 PM
 #680

In 2017 bull run, many people got rich quickly, so seeing that many other investors got into the market in the hope that they can get rich quickly, but that hadn't happened, since then the market nosedived and got to bottom.
Within some time it is expected, that the new bullish phase will come, at the end of this which is totally accumulation, we could expect new highs, and those who buy now, will most likely be new millionaires. That's why the best thing for now is to buy and maintain, there may be falls, it's normal, you just have to be patient.



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