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Author Topic: What can be done with those who think Crypto is just a get rich quick scheme?  (Read 119 times)
UnruffledST
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February 08, 2019, 11:38:17 PM
Last edit: February 08, 2019, 11:54:48 PM by UnruffledST
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 #1

In the Crypto world I see alot that just hope on board with participating in a project for merely the returns. The thing is that since the beggining of time all investors have known that the bigger the risk the bigger the returns, risk in new technology and if it is succesful you will make a bigger return for taking that risk.

Still in Crypto it is backwards take less of a risk and still receiving a bigger return.

What can be done? People talk about seeing a bull run sometime soon but all proffesionals know that we won't see a bull run until all these kids and unproffesional wanna be investers get enlightened, it's the whole reason why SEC or any organization overseeing securities anywhere in the world exist. To make sure that investors are qualified enough to know what they are investing in and the risks they are taking. People talk about wanting a bull run sometime soon but still encourage newcomers to invest in Bitcoin when it is outdated tech. I personally do not own any BTC nor will I ever until it finds its place in the ranking as only a collectors item.


It's a clown show in here and the most unproffesional space around.

P.S the only reason others want you to invest in Bitcoin is because they have money in Bitcoin with a negative value and need you to put your money in so that they can withdraw assets while seeing gains with you having to take on the loss.


IMO Bitcoin is worth no more than $300 and it will even out at so in the future.

Instead of trying to lure others into a trap why not ask what can be done to save my investments in which I have lost? If people gathered around think on this question surely a solution can be found.
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February 08, 2019, 11:56:02 PM
 #2

Lots of people got rich with cryptocurrency. That's a fact.

However, there are other facts as well. Many people lost money.

Additionally, blockchain is a technology for the future. Spreading the fundamentals of the technology, explaining to people what it does, is a good way to go.

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February 09, 2019, 12:01:45 AM
 #3

Lots of people got rich with cryptocurrency. That's a fact.

However, there are other facts as well. Many people lost money.

Additionally, blockchain is a technology for the future. Spreading the fundamentals of the technology, explaining to people what it does, is a good way to go.

I believe it's a good way to go also, like all communities should do something about this even Bitcointalk should like PM newcomers to research what they are investing into and not to just directly invest into Bitcoin first. Why would someone invest into Bitcoin at this point in time when it will 100% be overtaken by others and should have done so long ago if people would stop acting like crabs through benefiting through others losses.

Like who would want to live in a future where Bitcoin is still the number 1 cryptocurrency? Do people really see cryptocurrencies having fees in the future or even having such a long confirmation time  Roll Eyes Roll Eyes Roll Eyes

The only thing Bitcoin is as of now is a collectors item nothing more nothing less.
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February 09, 2019, 12:11:19 AM
 #4

IMO Bitcoin is worth no more than $300 and it will even out at so in the future.

and how on earth did you come up with this figure?
why not $200? $400?

in reality, bitcoin should either be worthless or constantly growing due to less created from mining.
just like gold but with the dimishing part.

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February 09, 2019, 12:26:42 AM
 #5

investing in crypto is just like a gambling investment but in another perception. you are given a token as collateral which you can sell it in the future exchange, if you win the bet, you can gain so many returns.

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UnruffledST
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February 09, 2019, 12:27:22 AM
 #6

IMO Bitcoin is worth no more than $300 and it will even out at so in the future.

and how on earth did you come up with this figure?
why not $200? $400?

in reality, bitcoin should either be worthless or constantly growing due to less created from mining.
just like gold but with the dimishing part.

It just my free opinion what I personally value Bitcoin to be worth.

Sure it is to be growing but at the same time it losses value from not being able to provide a viable product at this point in time.

So you have to account for both as days go by bitcoin will lose value as it won't and can't compete with new tech coming out but at the same time it becomes more valuable because of the limited amount.

But even then with the limited amount it only has value if people have interest in buying it, there are plenty of coins out there with a small coin supply but just because of that it does not mean it will succeed.

At the same time I do not see Bitcoin being completely worthless as I said I see it only as being a collectors items just because it was the first cryptocurrency.

Still me personally I would not buy Bitcoin for no more than $300, why would I want to have so long wait time when I could just quickly trade and exchange other coins at a faster rate and much more effectively than Bitcoin.


Do you know what perceived value is? If not here is a definition by cambridge:
the value of a product based on how much customers want or need it, rather than on its real price.

Do I need Bitcoin or want it? No so it has no real value to me.

Do the majority of people holding Bitcoin need it no so it has no real value to most people.
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February 10, 2019, 03:13:05 AM
 #7

IMO Bitcoin is worth no more than $300 and it will even out at so in the future.

and how on earth did you come up with this figure?
why not $200? $400?

in reality, bitcoin should either be worthless or constantly growing due to less created from mining.
just like gold but with the dimishing part.

It just my free opinion what I personally value Bitcoin to be worth.

Sure it is to be growing but at the same time it losses value from not being able to provide a viable product at this point in time.

So you have to account for both as days go by bitcoin will lose value as it won't and can't compete with new tech coming out but at the same time it becomes more valuable because of the limited amount.

But even then with the limited amount it only has value if people have interest in buying it, there are plenty of coins out there with a small coin supply but just because of that it does not mean it will succeed.

At the same time I do not see Bitcoin being completely worthless as I said I see it only as being a collectors items just because it was the first cryptocurrency.

Still me personally I would not buy Bitcoin for no more than $300, why would I want to have so long wait time when I could just quickly trade and exchange other coins at a faster rate and much more effectively than Bitcoin.


Do you know what perceived value is? If not here is a definition by cambridge:
the value of a product based on how much customers want or need it, rather than on its real price.

Do I need Bitcoin or want it? No so it has no real value to me.

Do the majority of people holding Bitcoin need it no so it has no real value to most people.

Do you need fiat? fiat isn't backed by anything and it only has the value we assign to it,
just as bitcoin or other crypto.

did you buy bitcoin at $300 or how come you're here on this forum arguing about it? (i mean, if you don't hold any?)

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February 10, 2019, 03:53:00 AM
 #8

Cryptocurrencies are not a get rich in quick scheme,it is just a currency but it's volatility make the people to find profits based on the market condition but there is no assurance for you to you will get rich if you invested on cryptocurrencies.

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February 10, 2019, 03:57:36 AM
 #9

IMO Bitcoin is worth no more than $300 and it will even out at so in the future.

and how on earth did you come up with this figure?
why not $200? $400?

in reality, bitcoin should either be worthless or constantly growing due to less created from mining.
just like gold but with the dimishing part.

It just my free opinion what I personally value Bitcoin to be worth.

Sure it is to be growing but at the same time it losses value from not being able to provide a viable product at this point in time.

So you have to account for both as days go by bitcoin will lose value as it won't and can't compete with new tech coming out but at the same time it becomes more valuable because of the limited amount.

But even then with the limited amount it only has value if people have interest in buying it, there are plenty of coins out there with a small coin supply but just because of that it does not mean it will succeed.

At the same time I do not see Bitcoin being completely worthless as I said I see it only as being a collectors items just because it was the first cryptocurrency.

Still me personally I would not buy Bitcoin for no more than $300, why would I want to have so long wait time when I could just quickly trade and exchange other coins at a faster rate and much more effectively than Bitcoin.


Do you know what perceived value is? If not here is a definition by cambridge:
the value of a product based on how much customers want or need it, rather than on its real price.

Do I need Bitcoin or want it? No so it has no real value to me.

Do the majority of people holding Bitcoin need it no so it has no real value to most people.

Bitcoin has value because it has community behind it. Just like literally everything else, if there is no demand, value will be zero. Why people like diamonds and pay much for it? Because it's scarce.

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February 10, 2019, 04:52:39 AM
 #10

Actually we can really be rich quick here in crypto but that's will happen if you risk big money here or you do invest big here in crypto so we can lose also big in an instant here so for me better to risk or invest little by little so don't think to be rich quick another thing it's take time to study the investment here then all experience here by every users are different like there's a lot that you need to learn so better to be knowledgeable first before risk big money

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February 10, 2019, 05:03:30 AM
 #11

-snip-
Instead of trying to lure others into a trap why not ask what can be done to save my investments in which I have lost? If people gathered around think on this question surely a solution can be found.

Most of them are, but most of them join because of their own thoughts / interests. And, that's what you say is a market strategy.
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February 10, 2019, 06:50:04 AM
 #12

That's my motive too but it doesn't work the way i see it before i started let those believing is a quick rich start and see what happen in crypto themselves.

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February 10, 2019, 07:18:16 AM
 #13

We do well by advising them that crypto is not get rich quick as they are thinking and we can use different platforms to do this. I have been telling this to everyone that I know that at least I see noir them in crypto, you can do well advis e those closer to you that you're in crypto together. However if they fail to yield, on their own they will leave. I've seen some left crypto on their own because their expectation of get rich quick was not fulfilled.

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February 10, 2019, 07:33:13 AM
 #14

The main problem is the lack of understanding of technology and its prospects. Everyone is just looking for quick and easy earnings, and when they suffer losses they do not understand what the problem is. Therefore, we will not fix anything, it is only worth taking it as it is.

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February 10, 2019, 08:13:04 AM
 #15

The main problem is the lack of understanding of technology and its prospects. Everyone is just looking for quick and easy earnings, and when they suffer losses they do not understand what the problem is. Therefore, we will not fix anything, it is only worth taking it as it is.

The problem here is although the project deemed have a great tech, people tend to analyze whether they will have a future on investing on such projects. Only few projects have the same fate with all some major coins out there would you blame them if they loss a lot of money and doubting now?

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February 10, 2019, 08:39:39 AM
 #16

then stop making shitcoins that are only good for pump and dumps!
it is  like opening up a restaurant and then ask what can you do to prevent people from ordering food! that is what a restaurant is for, people go there, order food and eat.
and that is what pump and dump altcoins are for. people buy them to pump and get rich quick. some people forget it sometimes and become bag holders and lose money otherwise that is the original purpose. specially when it comes to ICOs which are completely useless and people only use them as a form of gambling to see if they can win and hit the jackpot of profit.

IMO Bitcoin is worth no more than $300 and it will even out at so in the future.
something that is overvalued can not stay overvalued. it will go down.
so if bitcoin was overvalued by more than $3000 then it would have already gone down instead of growing more and more every day.
what you are missing is the fact that bitcoin is the only cryptocurrency that is actually being used in the world apart from being only used in exchanges by traders.

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February 10, 2019, 08:46:37 AM
Last edit: February 10, 2019, 08:58:37 AM by ralle14
 #17

I believe it's a good way to go also, like all communities should do something about this even Bitcointalk should like PM newcomers to research what they are investing into and not to just directly invest into Bitcoin first. Why would someone invest into Bitcoin at this point in time when it will 100% be overtaken by others and should have done so long ago if people would stop acting like crabs through benefiting through others losses.
The forum has several boards to discuss investments,Bitcoin,trading,etc even if PMs would be sent out to everyone and did their own research they could still invest on Bitcoin regardless. You can't blame every person who are making profits through Bitcoin when others are doing the exact thing with altcoins.

Like who would want to live in a future where Bitcoin is still the number 1 cryptocurrency? Do people really see cryptocurrencies having fees in the future or even having such a long confirmation time
I would, the transaction fees aren't a big problem with cryptocurrencies and confirmation are only for on chain transactions.  

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February 10, 2019, 09:18:16 AM
 #18

Want to get rich quick, that's the main reason for many beginners who join crypto. But they themselves have not realized that there is a big risk to their investment and they do not understand it. Optimistic may, but not to be too greedy.

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February 10, 2019, 09:26:11 AM
 #19

Crypto can be solution to get better financial if we understanding the trend of crypto market and have knowledge about risk management. Only in crypto, we can make 10x profit in short times, but all kind of investment that offer high return always has high risk, that why we should to have skill about management of risk and money. Although current situation of crypto market in long bearish but im sure next bull market is near, so if we want to earn huge profit its times to jump and invest in to crypto.

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February 10, 2019, 09:43:14 AM
 #20

Like who would want to live in a future where Bitcoin is still the number 1 cryptocurrency? Do people really see cryptocurrencies having fees in the future or even having such a long confirmation time 

nobody, but i don't see you coming up with a better solution Cheesy

you see it is easy to close your eyes and only criticism everything that doesn't concern you but you don't get to do that unless you have actually done something better yourself.
so far all we have are a bunch of altcoins that are either shitty copies that were created for pump and dumping or original projects that have more issues than bitcoin.
so unless you have a better coin in your sleeve you should stop hypothesizing about bitcoin.

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