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Author Topic: Do you want to be Quick rich? Then cut "Quick rich" from your dictionary.  (Read 277 times)
The Cryptovator (OP)
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March 08, 2019, 10:20:10 AM
Last edit: March 08, 2019, 08:44:55 PM by Coolcryptovator
 #1

Recently I have seen few post abou "how to be rich/quick rich". So this topic especially for newbies whow want to be rich quickly form crypto-currency investment.

First I want to clear that, there is no way to be quick rich method. If you make similar topic how to be rich then may be you will be quick poor. I will try to explain about my thoughts.

If you make this kind of post then may people's will suggest different way. Many people's will contact you personally and someone will convince you to invest on few ponzi scheme/gambling or ICO's. But really you are not experienced person for that kind of investment. So there is 95% possibility that you will lose your fund.

For example you have invested 1 BTC on a ponzi scheme and its turnout into scam then you are on loss -1 BTC. So eventually you got quick poor. Not is it?

On the other hand if you invest on bitcoin or other good coin then if increase 10% within 2 months then you will be on profit. Means you have now +1.1 BTC if you compare about your loss. At least you are not -ve balance. By this way you can build your capital slowly. And obviously it better than quick rich method. Who know also you will get good profit by this way.

So I will suggest don't find quick rich method and work with patience. Most likely you will succeed.

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madrogue
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March 08, 2019, 12:45:35 PM
 #2

there is no way to be quick rich method
I disagree with you. There are some way to be quick rich,but not all people can be rich.
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March 08, 2019, 12:54:01 PM
 #3

The best way to make money is to save it.
Do not expend all your wage every month, save all you can and invest it somewhere. ETFs and bonds are the safer choices usually

High risk investments such as bitcoin MAY help your stash to grow, however you can also lost money.

There is no quick rich scheme that is safe.

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March 08, 2019, 02:19:02 PM
 #4

When it comes to business or investment in general... it's always important to have an open mind.
Much as we expect profits, sometimes we should also expect losses in-case things go south. That is why it's important we invest in capital we can afford to lose.

Even with the method of being patient investing with a good coin like BTC, due to crypto market volatility, you can wait for two months expecting for a rise, BTC price instead drops by 50% thus a loss for those 2 months you have waited, just like we have witnessed in the recent bear market.

Am pretty sure there are people who bought BTC at 15K over a year ago and some are still waiting up to today for the price to get back at least close to 15K before thinking of selling while others who had gone all in to buy with all their life savings have obviously sold off in losses because they needed the money.

High Risk =  High reward = High Losses
In this case, you must be ready to lose money.
However, there are cases where chances of losing your money or not making profits are like 99%
Cases like
- Ponzi schemes.
- Cloud mining ( most are scam)
- HYIPs
- Most ICOs lately.

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March 08, 2019, 04:41:03 PM
 #5

I do believe that there is a way that will make you rich but it's not recommended. If you want to get rich quick then you can't find it in any dictionary at all even the rich people started from zero to what they have right now with good reputation also (from a reply I read) rather than having bad reputation due to bad scheme that a certain person is planning.

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March 08, 2019, 06:57:34 PM
 #6

The best way to make money is to save it.
Do not expend all your wage every month, save all you can and invest it somewhere. ETFs and bonds are the safer choices usually

High risk investments such as bitcoin MAY help your stash to grow, however you can also lost money.

There is no quick rich scheme that is safe.
Corresponding benefits do really have the same level of corresponding risk behind it.So, between ETF & Bonds  with Bitcoin is really different.
So, as an investor we do have the option which one we would able to diversify our savings. Spent only a portion and not going all in.

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March 08, 2019, 08:29:17 PM
 #7

Traders need to have a strategy, which would last for the long term. Riches has different meaning fir different people, but a sustainable trading strategy with regular profits is a win for any trader.
Getting rich quick is not possible in any field. It is due to luck if it ever happens.

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March 09, 2019, 08:42:28 AM
 #8

I disagree with you. There are some way to be quick rich,but not all people can be rich.
Are you sure about your current statement? Can you explain it briefly? I can't see there is any shortcut or quick rich method. Yes there is few HIYP investments plan but it's high risky. I am not encourage to invest any quick rich money making method. Never mind I will earn small but don't want to lose.

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March 09, 2019, 09:12:00 AM
 #9

there is no way to be quick rich method
I disagree with you. There are some way to be quick rich,but not all people can be rich.
You can kill someone and take all their assets which can make you rich quick but it is not the right way to be rich and mostly illegal way will let us to be quick rich.

If you want to be rich it will take time and just keep investing your money on something which you are earning and keep repeating to make cash flow on your side from different ways.

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March 09, 2019, 10:09:32 AM
 #10

I disagree with you. There are some way to be quick rich,but not all people can be rich.
Are you sure about your current statement? Can you explain it briefly? I can't see there is any shortcut or quick rich method. Yes there is few HIYP investments plan but it's high risky. I am not encourage to invest any quick rich money making method. Never mind I will earn small but don't want to lose.
tjats the problem with getting rich quick. For 1% a risky method works out and they get rick quick. The other 99% ends up with empty hands.

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March 09, 2019, 11:03:25 AM
 #11

Quick Rich scheme is also known as "To Good to be true".. Every investment that promised or give you an exact earning/return/profit is consider a False Scheme to get rich.. so stay away from it.
Proper way to get rich is the right term to consider and to be learned.
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March 09, 2019, 07:05:36 PM
 #12

Of course there are ways to get rich quick without falling prey to a scammer.

The problem is there's no way of predicting when and how it'll happen and there's no way of predicting when and how to get out at the right time.
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March 10, 2019, 01:19:13 PM
 #13

I do believe that there is a way that will make you rich but it's not recommended. If you want to get rich quick then you can't find it in any dictionary at all even the rich people started from zero to what they have right now with good reputation also (from a reply I read) rather than having bad reputation due to bad scheme that a certain person is planning.
Did you mean he should try with illegal things? Or he should try with black magic that need helps by the spirit?
Because I heard that in Asian, that way is famous among the people and many of them want to try that way but the risk is their life.

Oho, I won't give that suggestion to him because it will give his life to the "spirit."

Maybe he needs to search the right method so he can start to try to make money and no matter how much he will get in the beginning, it just for temporary because he can make more if he keeps trying.

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March 10, 2019, 01:37:24 PM
 #14

Through the years I spent in cryptocurrency world I've seen too many times that bitcoin is being seen as a scheme for a quick rich. In some ways it may be correct statement since bitcoin is used by good and bad people, and they do not follow the same path. For instance bad people are involved with various dirty methods such as ransomware for crypto, ponzi / MLM, hacking of wallets and so on.

If you do not follow that path it is not easy to become rich even if you invest and buy 1 bitcoin today, but you will for sure profit more in future, then to only left your money in bank. Quick also can be interpreted in different ways, it can be one day or one year, for me it can be even 5 years of time.

I know one way how everyone have chance to become rich, buy lottery ticket and pick good numbers, after every draw you can become millionaire Wink

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March 10, 2019, 05:12:37 PM
 #15

there is no way to be quick rich method
I disagree with you. There are some way to be quick rich,but not all people can be rich.
There is no way to quick riches. You must had put in hard work, time and dedication and any rich person you see today has a story to tell behind there riches

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March 11, 2019, 06:18:16 AM
 #16

Not all "Get Rich Quick" topics are the same, see : https://bitcointalk.org/index.php?topic=5117857.0  Cool

In that thread I start the conversation with the statement that Bitcoin is not a Get Rich Quick scheme. You can become rich in a very short time, if your investment was timed correctly, but that is a impossible task with most Crypto currency investments.  Tongue

The problem with many people are the "fear" of failure and the "fear" of the unknown. Every portfolio have a category for high risk investments and people should channel some funds into Bitcoin as a high risk investment. <In many instances high risk investments yield higher rewards, compared to low risk investments.>  Wink

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March 11, 2019, 06:39:03 AM
 #17

We all want to get rich, and we hope it happens quickly, but we must also be calculated in doing that,if you allow the quest get the better of you, then you'll be leaving yourself vulnerable to scammers and that's were it's bad.
We all pray for the perfect investments that will give us quite a huge sum of money, and that's why we put in all the effort we do, money hardly comes quick, but we'll all take it, if it does
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March 11, 2019, 08:47:03 AM
 #18

there is no way to be quick rich method
I disagree with you. There are some way to be quick rich,but not all people can be rich.

I agree with you that there are quick rich scheme but nobody share these million dollar secrets. Those who sell these methods are really scammers and con artists.
You can get rich with various methods but you will get recognization and satisfaction if wealth is acquired legitimately.

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March 12, 2019, 04:05:24 AM
 #19

I don't know who you are, but why you left negative feedback for me?
You don't even know what has really happened.
Just eat your shit man, you're fuck up.
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