stick to the same option or switch to another option?

[tazmantasik]

in most cases I have observed why people rush to get short profits, this is not a good way. I mean the decisions they make are not based on common sense.

There is no harm if people want to seek profits in the short term. Everyone has their respective strategies in seeking profits. I am sure, many people play on this option or even two options at once. The market situation is indeed difficult to guess at this time, so what must be done is how to benefit in this situation. So don't blame people playing for the short or long term.

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[103deltafox]

Crypto is never is a get quick rich scheme, you need to understand the space before investing, this has made so many loose because what they expected wasn't what they saw and so they sell off thereby selling at a loss. If you understand the space you will know you need patience to scale even when there is dip. Again it is advised to invest spare money so you can have patience at the long run you will make profit.

[fosco333]

Cryptocurrency is not a ponzi scheme basically, but many peoples use it to running ponzi activity to get quick money.
Investing means you will need your time to let our investment growing over time, not very fast like only in one day.

[Insomnia family]

for most lay people would think that investing in crypto could become rich overnight. but for most people who have expertise in this field can benefit quickly, I mean one of the project fraudsters who misuse their expertise for personal gain.

[ethereumhunter]

You can say whatever you want

But I don't think that crypto is included in the Ponzi scheme because if you want to make money from crypto, you should have the skills to trade. That is the important thing so you can analyze each coin inside the market. If you want to invest in something, you should know how to make a profit, so you know what you need to do regarding that.

There is no fast way to get rich even in the crypto because if you invest in crypto, you need to wait for a while. The price will go from the low price into the high price, and that will happen over and over. But if you don't want to see the journey of the price, then after you bought the coin, you can close the exchange, wait for some time you decide to sell the coin so you can make a profit.

[pandanaran]

as we know that crypto is not a ponzi scheme of getting rich, there is no easy way to profit overnight. all have their own consequences if someone gets wealth in the short term maybe it's one of the scamers who has deceived many people or hacked an exchange on a large scale.

[shinratensei_]

It's not but for some people and it may be yes, remember about the existences of ico can be considered as a game but it's not a ponzi game and it's much more like gambling dude and i hope you can understand the differences between gambling and ponzi.
As long as you have taken the right now and to get 5x in overnight is possible and remember about how much millionaires have born from crypto.

[Kezacky]

in this market it's like a game so you have to be smarter if you want to make a profit here, people who get short-term profits include big whales who pump their own coins, con artists who take ico project funds, their exchange hackers are crypto ponzi schemes.

[Bitbtc8]

Crypto stands out when comparing with ponzi schemes, bad people are the one using crypto in ponzi schemes and its left for investors to control their greed taste because only greedy beings will keep falling victim for these tricks

[HodlerKing101]

i heard someone who used crypto as a ponzi scheme where they asked for money and invests it on btc, but when volatility started to hit, they all ran away and some are facing jail time due to complaints. People are indeed looking for fast ROI but it really aint gonna happen, it requires you to have patience and at the same time, support the future of crypto by looking at projects like a mobile carrier in Korea that are aiming to remove fees by these manipulative corporations and will provide a universal sim. Everything does really take time, which applies to all start up projects.

I guess we have to focus on mass adoption and not be impatient. We're early adopters for this amazing technology and its exciting to see what's coming next.

[TravelMug]

Is crypto included in the ponzi scheme to get rich quickly?
in most cases I have observed why people rush to get short profits, this is not a good way. I mean the decisions they make are not based on common sense.

When people started to be greedy, common sense is thrown out of the window.

This is not what you think, if you think that crypto can become rich overnight, you don't need to bother avoiding investment risks. You only need to focus on crypto investments that you think can make you rich.

but unfortunately the market says it's different, there is no way to get quick profits & all you have to do is how you can survive in this market. between a fixed choice with the same option or switch with another option.

It boils down on the bull run in 2017, people think that the price would go on a parabolic rise, and totally forget that the market work in cycles. That's why most quit their job focus on making easy money. So we also need to look at the future landscape and adjust as well.

[lienfaye]

Crypto is not ponzi scheme, its just that some people are thinking its similar because they want to earn easy money and have high return in a short period of time.

About sticking with the option or not, well it depends on you. But its better to choose the one thats best for your investment or the one that can give you best result once you chose it. With the market condition those who can bear this situation and can find a way to overcome it will likely to gain profit after bearish trend.

[Bitfling]

Is crypto included in the ponzi scheme to get rich quickly?
in most cases I have observed why people rush to get short profits, this is not a good way. I mean the decisions they make are not based on common sense.

This is not what you think, if you think that crypto can become rich overnight, you don't need to bother avoiding investment risks. You only need to focus on crypto investments that you think can make you rich.

but unfortunately the market says it's different, there is no way to get quick profits & all you have to do is how you can survive in this market. between a fixed choice with the same option or switch with another option.

People sell altcoin when prices go up because many people think altcoin is a speculative investment. This is different from bitcoin which is the main currency in the cryptocurrency market, when bitcoin prices are hard to start rising, investors tend to buy and hold it

[confreslamp]

There are some ways when you can get rich by a lucky investment, but those times have passed. There will be another opportunity when green market will return, but for now, do not be greedy and wait patiently for outcomes.

[Samboo]

One should not think cryptocurrency is a means of becoming riches quick. It may be possible in the past wherein even shitcoins got high price. But nowadays, investors and traders are very much aware about crypto market, and they want to play on a safe side so as to avoid losses. So one should wait for long to get profit from the market.

[Kemangi]

crypto is not a scheme to get rich like they imagined, I think crypto is a profitable investment in the last decade. especially with bitcoin which experienced the highest price increase in 2017. from there many newcomers thought that crypto investment could become rich overnight.

[SummerBliss]

Is crypto included in the ponzi scheme to get rich quickly?
in most cases I have observed why people rush to get short profits, this is not a good way. I mean the decisions they make are not based on common sense.

This is not what you think, if you think that crypto can become rich overnight, you don't need to bother avoiding investment risks. You only need to focus on crypto investments that you think can make you rich.

but unfortunately the market says it's different, there is no way to get quick profits & all you have to do is how you can survive in this market. between a fixed choice with the same option or switch with another option.

Well you can't generalize the trading strategy for everyone. Everyone invest according to his own wisdom. If someone thinks he can make quick profits through day-trading or arbitrage then what's wrong with that.
Same goes with options too. Some investors love to stick with limited choices and invest in such coins for long term while some investors love to explore and switch between coins to earn margin. We can't say which strategy is good or bad, as far as one is making profits, such strategy is fine.

[leowonderful]

Most of the people that have made money through crypto got that money through long to mid-term holding or long to mid-term trading for large movements, not from some magical pump that comes from nowhere. People get burned from treating cryptocurrency as something you can milk money out of quickly, and it's pretty apparent even just from the dump we had several days ago. That's not to say that people who trade shorter timeframes or hold for shorter periods of time can't make money, but it's certainly more simple and often times more successful to be playing for longer timeframes with crypto.

[Ailmand]

Most newbies think that way. Just because a lot of people had earned decent amount of money last bull market, it doesn't mean that the market will stay that way. The market is complicated and it is difficult to speculate. The reason why newbies who jad invested their money on crypto and had lost it due to FOMO stays away from crypto. All investment requires risk, and no investment would guarantee you a great return.

[Akoldi_ibk]

Is crypto included in the ponzi scheme to get rich quickly?
in most cases I have observed why people rush to get short profits, this is not a good way. I mean the decisions they make are not based on common sense.

This is not what you think, if you think that crypto can become rich overnight, you don't need to bother avoiding investment risks. You only need to focus on crypto investments that you think can make you rich.

but unfortunately the market says it's different, there is no way to get quick profits & all you have to do is how you can survive in this market. between a fixed choice with the same option or switch with another option.

I really love the concluding part of your writeup. It clearly states the whole situation of this current market. It is all about survival first. Stay alive by all means, either through the old strategy or another. Profit will definitely come but will never be overnight.