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Author Topic: Is Crypto A Way To become Rich / Millionaire ?  (Read 15717 times)
Teamfearless (OP)
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December 31, 2018, 05:24:53 AM
 #1

Today Want to  Ask , did Satoshi Created bitcoin to solve poverty  issues or he created this bitcoin so solve financial transaction problems !!
Is crypto  a get rich quick scheme as people are putting their  mindset into  it  ?

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"Governments are good at cutting off the heads of a centrally controlled networks like Napster, but pure P2P networks like Gnutella and Tor seem to be holding their own." -- Satoshi
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joseyphil82
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December 31, 2018, 05:28:18 AM
 #2

I get into cryptocurrency to make it big but all the same I know it won't come easily ,its far from getting rich quick schemes and apart from that I always believe in future tech and as far as cryptocurrency is digital sounds futuristic and I'm sure its here to stay ,in the future many will embrace it and use it as means of payment

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December 31, 2018, 05:55:28 AM
 #3

in my opinion the blockchain is a system to replace a system in banking. and the enemy blockchain is a bank. I can't explain the purpose of making BTC, but it's possible to replace payments

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December 31, 2018, 06:06:17 AM
 #4

Today Want to  Ask , did Satoshi Created bitcoin to solve poverty  issues or he created this bitcoin so solve financial transaction problems !!
Is crypto  a get rich quick scheme as people are putting their  mindset into  it  ?
You should ask this to satoshi by yourself. Do you think people know the answer? All people can do only giving you their opinion.
Certainly bitcoin isn't created for that purpose, because bitcoin almost worth nothing when satoshi made it (less than $0.01).
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December 31, 2018, 06:09:09 AM
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Today Want to  Ask , did Satoshi Created bitcoin to solve poverty  issues or he created this bitcoin so solve financial transaction problems !!
Is crypto  a get rich quick scheme as people are putting their  mindset into  it  ?
Cryptocurrency was not created to solve the problem of poverty or as a system of rapid enrichment of individuals. It was created only as an alternative system to the existing payment systems, so as not to depend on the states and their structures.
Cryptocurrency can not solve any social problems. She after all does not create material values, she only redistributes them.
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December 31, 2018, 06:14:10 AM
 #6

Today Want to  Ask , did Satoshi Created bitcoin to solve poverty  issues or he created this bitcoin so solve financial transaction problems !!
Is crypto  a get rich quick scheme as people are putting their  mindset into  it  ?

I think Satoshi Nakamoto intention of creating Bitcoin was to give financial freedom to the masses which invariably was to solve the issue of poverty in the globe,he created a payment system that was decentralized that never allowed a centralized financial control
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December 31, 2018, 06:21:36 AM
 #7

It's a two way thing. You can turn to millionaire or become more worst than you were before crypto. If you came in during December 2017,by now you will be damn broke you can't pay your bills anymore if care isn't taken. But if you came in now, you're most likely to turn to millionaire when the bull run comes.
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December 31, 2018, 06:22:46 AM
 #8

In my opinion, Crypto can be a way to become Rich or millionaire because if you can manage when you invest in crypto you will be able to gain some income/profit and get more. But, you have to find the best way to do it.
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December 31, 2018, 06:28:53 AM
 #9

I think blockchain and cryptocurrency were created to solve problems with finances and thanks to crypto you can improve your financial status.
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December 31, 2018, 06:35:05 AM
 #10

Today Want to  Ask , did Satoshi Created bitcoin to solve poverty  issues or he created this bitcoin so solve financial transaction problems !!
Is crypto  a get rich quick scheme as people are putting their  mindset into  it  ?

no and no.
bitcoin was not created to give you money, or solve any poverty issues! it is only created to act as a global payment system that is censorship resistant because it is decentralized.
the fact that bitcoin is a profitable investment is only a byproduct of that.

Quote
Is Crypto A Way To become Rich / Millionaire ?
it can be. but that doesn't change the true reason for its creation in first place. unfortunately right now the altcoins are plagued with the pump and dump shitcoins disease which is newbies copy pasting other coins to their own project to make money and also big corporations (even banks) creating big centralized altcoins (like ETH and XRP) to make more money from gullible people.

Weak hands have been complaining about missing out ever since bitcoin was $1 and never buy the dip.
Whales are those who keep buying the dip.
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December 31, 2018, 06:45:01 AM
 #11

Today Want to  Ask , did Satoshi Created bitcoin to solve poverty  issues or he created this bitcoin so solve financial transaction problems !!
Is crypto  a get rich quick scheme as people are putting their  mindset into  it  ?
probably but it's actually depends on the situation of market to become rich with bitcoin and it depends as well if you have courage to risk everything such your property and etc. 'cause big amount of money is required to obtain massive profits as well on this kind of manner.  And laslty the most important is knowledge and strategies which is a big help to reduce risk . Because if you don't have that it will be your worst nightmare . Lmao
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December 31, 2018, 06:46:31 AM
 #12

Today Want to  Ask , did Satoshi Created bitcoin to solve poverty  issues or he created this bitcoin so solve financial transaction problems !!
Is crypto  a get rich quick scheme as people are putting their  mindset into  it  ?
Yes it is, one thing that you should remember dude, this is a speculation market and if you are seeing what has already happened with a lot bitcoin early adopters and they are all have become millionaires right now and it can prove if a lot of people are believing in it.

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December 31, 2018, 07:29:38 AM
 #13

1. Satoshi Nakamoto invented bitcoin to avoid third party transactions, expensive fees, and slow process of receiving money. Thats the main purpose why bitcoin was created.
2. If you bought bitcoin when it was very cheap and you held until today or sold at $20000, it definitely was a quick rich method but nowadays its not like that anymore.

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December 31, 2018, 07:33:03 AM
 #14

Like everyone knows it was actually created to get financial transaction problem to be solved and to save from the banking system which uses the unnecessary charges to their users. But as the users started to use it as an investment option and some big players used it as trading and played with its price and raised it. That is why most of the new users are thinking that it is an investment to get rich without knowing the real technical benefits behind its creation.

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December 31, 2018, 07:36:21 AM
 #15

Crypto is still a way to get wealthy if you invest in the right projects. It is like when the internet first came out with all the dot com companies. 95% of those companies didn't not pan out, but if you invested in companies like Amazon and Google that survived you would be rich. So be the one that finds the Amazon and Google of crypto and hodl it like crazy.

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December 31, 2018, 07:47:29 AM
 #16

Actually crypto was originated to find out the solutions to the problems cropped from the regularized/fiat currency which shaken the faith of the people when there hard earned money was under threat due to the distress of the economy of the various nations ,but now it has made its identity as a most powerful currency .At the time of the creation there was no such intention was involved that anyone wants to become rich ,but now when it is traded with full vigor the motive has changed.

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December 31, 2018, 07:48:53 AM
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TS, what prevents you from reading the bitcoin whitepaper and making your own conclusions?

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December 31, 2018, 08:01:51 AM
 #18

Today Want to  Ask , did Satoshi Created bitcoin to solve poverty  issues or he created this bitcoin so solve financial transaction problems !!
Is crypto  a get rich quick scheme as people are putting their  mindset into  it  ?

I find it very true and reasonable in what I know, but according to the current situation, many people are frightened by previous fluctuations and don't trust it anymore. I believe that bitcoin is a good investment for high-minded people, and being a billionaire is not difficult for it  Grin

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December 31, 2018, 08:20:53 AM
 #19

Today Want to  Ask , did Satoshi Created bitcoin to solve poverty  issues or he created this bitcoin so solve financial transaction problems !!
Is crypto  a get rich quick scheme as people are putting their  mindset into  it  ?

Early adopters always exhibit a profit-oriented approach. I think we're in this situation. Maybe in the future there are different expectations but everyone is hoping to be rich.

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December 31, 2018, 08:31:24 AM
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a dream to get rich instantly does not leave the minds of dreamers))) maybe if you caught a wave when only Bitcoin started, then .. but) "If my aunt had been a man, she'd have been my uncle." people answered your question .. unfortunately it does not solve the problem of poverty (
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