stick to the same option or switch to another option?

[sujonali1819]

snip~~
Is crypto included in the ponzi scheme to get rich quickly?

This idea is only for those who do not have sufficient knowledge of crypto and there are some people who don't like crypto or look at crypto badly. In fact, the idea started with the sudden increase in the price of crypto in the last of 2017. Even then, it is true that some people became wealthy in a short period of time due to the sudden increase in prices of crypto. Actually , Those who want to want to move forward among with the crypto day by day, they understand how hard it is to earn money from crypto and how difficult it is to get rich.

[Kezacky]

yes there is no way to get rich quickly, especially in investing in crypto.

I agree with you, man. Nobody says crypto can make people rich in a fast way. In crypto, everything is full of risks, so don't expect that once you invest can make it rich. Actually, crypto is not only an investment, there are still many ways to be able to get a profit. And depending on which room you can get it.

yes I also agree with you, actually it depends on how skilled you are in this field. there are many ways to get benefits other than investment or trade, it's just that not everyone has more expertise. but in most cases I often find lay people thinking that crypto is a fast way to get rich. they misinterpret about this

[manok jepang]

Usually those who join like this are beginners or those who are always tempted to get rich quickly without fatigue working hard, by luring big profits in a short time it becomes a powerful weapon to reach new victims. One characteristic of the Ponzi system is the use of schemes lending program, where we lend a number of coins to be traded by the Dev coin. The pay is quite large, can reach 1% per day. Of course this violates ROI where an investment usually has a ROI of 6-12 months while the Ponzi system makes our capital return in just 2.5 months.

[Masyudhi]

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 don't think it's the same as the ponzi scheme. Cryptocurrency is unpredictable, and getting quick profits is not an easy thing to do in cryptocurrency. There is no such thing as getting rich quickly, we must be smart in making decisions when there are opportunities to be able to benefit and of course with the hard work we do to be able to find opportunities that will be able to generate profits.

[gabbie2010]

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 don't think it's the same as the ponzi scheme. Cryptocurrency is unpredictable, and getting quick profits is not an easy thing to do in cryptocurrency. There is no such thing as getting rich quickly, we must be smart in making decisions when there are opportunities to be able to benefit and of course with the hard work we do to be able to find opportunities that will be able to generate profits.

Some people believed that in 2017 when bitcoin attained ATH of $20K a lot of hodlers who invested in it years back became instant millionaires thus many newbies thinks that cryptocurrencies is a get rich quick scheme judging it with how btc pumped, however forgetting the fact it is unpredictable as you rightly said I will rather stick to making a short profit with a small risk thus take my profit and start all over again rather than taking a risk that is beyond my control.

[Menawi12]

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 don't think there is anything wrong with quick profit because basically we at crypto are looking for profit. Indeed investing in the long run is a good choice but seeing sometimes extreme price changes, I think securing profit is a safe choice

[ChrisPop]

You can only get rich quickly by luck. In most cases you need to deploy huge amount of work in order to achieve your dreams. If you are an investor crypto is a perfect solution for you if you have high risk appetite. We are all aware of the volatile nature of the crypto markets. That means you will go through up and down periods. And first of all you should never invest in crypto if you don't believe it will be a big part of our future.

If I were you I would diversify my portfolio with a conservative approach. If Bitcoin is going to be the mainstream currency of our world in the future then you don't need to invest much to become a very wealthy person. Keep in mind that this is just my 2 cents and should not be taken as an investment advice.

[Thefrolly]

There are a lot of options in the market and what you really want to do is entirely up to you. If your current options are not working out for you, and you no longer believe in the project, or you do not see it to have prospects, rather wasting time on that, you can just trade the coins, and switch to a more safer option. But don't forget, patience is a virtue, and it is one that is needed to survive in this market.

[funex]

 Crypto market is not a get rich quick scheme , but several people have fallen into the trap of ponzi crypot projects. Although alot of people got scammed in ponzi crypto projects a few years back many are still falling as we speak .
but if you think that is what works for you then make your choice .
 
But in my opinion i would say crypto is not ponzi , ponzi scheme is only brought in by scammers with the intention of defrauding people,  so stay away if you can and stick to the real crypto project whose profits is determined by the power of demands and supply and depending on the use case of such projects.

[gunhell16]

Is crypto included in the ponzi scheme to get rich quickly?

If you will be one of the scammers and get many victims in the community then it is! you will be rich in a short period of time.

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.

Holding is very hard to do now, most people are doing the day trade, small profit but if you wil put them together you are having a good amount.

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

.
Cryptocurrency is a good opportunity to have money but never an overnight system to get rich.
Investment is a hard choice to pick now, there are so many ICO scammed, If IEO now is getting better we can't still be sure that they will have a bull to run once listed in the market even in big exchanges.

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.

If you are greedy and dont have good knowledge in cryptocurrency you can be poor in just a night!

[Bitbtc8]

The year like 2017 in crypto space always comes once in a blue moon, i pity those who entered crypto investment thinking they will get rich in few months not knowing its not easy to get rich in crypto, how prepared and determined you are is what will make you achieve whatever aims you have in your hearts

[dannybrown]

You can change your option depending on the market situation. If you see BTC dominance or market goes sideways, you can stick to your same strategy and try to gain some profit. If market is bad, I try to get rewards from projects and make some profit out of them. So usually it depends on how the cryptocurrency market is going.

[erickastella]

most of those who are new to the world of crypto, assume they will get rich quickly if they go directly into the world of crypto, which is not the case, if they think crypto can enrich them in 1 day means they are trapped by a ponzi scheme where they have been doctrined by irresponsible parties answer. I survived. in this world there is no instant all need a process, even you want to eat instant noodles must cook first 

[boltz]

Most of the people don't have patience to stick to the same project they've invested to they switch to another which for me never worked as I soon as I switched , the coin went skyrocket in price and I lost money ...since then I stick to the same project and I make further investments to another without making the switch of funds. Take notice that if the project is dying , don't wait for your funds to go to 0 and better make the switch with whatever remained.

[PuertoLibre]

There are no 2 options for the crypto investors, the choice is up to the investor depending on the personal experience and the trading skills. The quick-rich altcoins don't exist anymore in the bear market, the limitation of the getting rich suggests to avoid the scam-Ponzi projects at all costs. To be a conservative investor, having proper time management skills for the timing correct market trends and the advanced level of money management are essential.

[tsaroz]

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.

Crypto being a new market is highly volatile and people have used it to make good profits which they would not have made in any other investments. There are many people who lives off the profit from daily fluctuation of the prices of crypto.
But it doesn't mean if someone is profiting from crypto, you can just jump in and make money. Earning profit through crypto is not a piece of cake, you need total dedication towards it and study every of minute events to predict the near and far future.

[Edraket31]

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.

Crypto being a new market is highly volatile and people have used it to make good profits which they would not have made in any other investments. There are many people who lives off the profit from daily fluctuation of the prices of crypto.
But it doesn't mean if someone is profiting from crypto, you can just jump in and make money. Earning profit through crypto is not a piece of cake, you need total dedication towards it and study every of minute events to predict the near and far future.

This past few years and still ongoing, crypto has been one of the most favorite ponzi scheme of scammers as they can easily scam on it, good thing the people now becomes wiser and they prefer trading rather than investing in ICO/IEO as majority of it were actually scams.

For those who has raised fund during ICO and turned out to be scam, then they earned quick money in just a short period of time.

[Katashi]

Crypto market is so volatile that anything can happen anytime and the best option you have is to choose a strong coin or solid project that have big potential to grow. just stick to you mind that bear market always has it ends and only those strong coins will survive.

[Genkotsu]

choose to investing our money in cryptocurrency is not option to make us rich in just one night, we need more dedication.
because in crypto the value is volatile and we must take any chance to make us get more profit, because in crypto is not way to be rich quickly, maybe you can become poor quickly

[DeepChipolino]

Sometimes it begins to seem to me that this is a complex branched Ponzi scheme. When I came to crypto, I sincerely believed in altcoins, after that BTC was a priority. Now I generally doubt crypto. But I stay with the altcoins with the hope that someday this will work.