Cryptocurrency, now a fast rising trend!

[lienfaye]

(b) Most times, only the rich can get richer from trading. Sounds very controversial, but think of this, if two friends follow a signal and enter a trade, one with $50 and the other with $500. If everything works out well, both will be in gains, but the profit margin of both individuals will be different. This Illustration further supports the claim that only the rich can get richer from trading.

Rich can gain huge for using big capital but what if it didnt turn out well? They will lose more compared to the poor who have a small capital. Using a small money if you're just starting doesnt mean you cant get rich because it will depend on your strategy in trading. It can happen though it takes time unlike for having a huge capital that if you hit the right coin to trade, its an instant profit. Its just that, rich people are willing to risk more because regardless of the outcome, it doesnt affect them too much unlike to average trader, every cents counts and a big deal.

[Shasha80]

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I agree that making a profit of $ 33k from investing in cryptocurrency is a very good achievement. If I worked in the real world, $ 33k would
take 2-3 years to earn. This is what makes cryptocurrency even more popular, because it can make huge profits and has succeeded in making
some people rich. Moreover, the performance of cryptocurrency this year has been extraordinary, almost all coins have increased very drastically.

Would really be giving out that kind of opportunity on making money that would surpass any traditional ways on earning income but somehow it does involved with some investment for you to take in.

This isn't something that you can get rich instantly and just like on having an ordinary business then you would need to work hard for it unless if you decided to hold something

then its upto your choice but that wont be guaranteeing for you to succeed.Its a little bit needing of some luck when dealing with crypto because not all would really be expectedly to rise up.

Thank you for reminding that getting rich from crypto trading cannot be obtained instantly. Indeed, it takes a long process in order to get
a large profit, sometimes we just need a little luck to succeed in the crypto world. Because indeed we cannot expect the market to continue
to be bullish. Therefore, patience is needed so that we can succeed in getting rich from cryptocurrency, without patience, forgetting to get rich
from cryptocurrency.

[crwth]

(b) Most times, only the rich can get richer from trading. Sounds very controversial, but think of this, if two friends follow a signal and enter a trade, one with $50 and the other with $500. If everything works out well, both will be in gains, but the profit margin of both individuals will be different. This Illustration further supports the claim that only the rich can get richer from trading.

I agree with all those things but I would want to emphasize the part where there are differences between the rich and normal person. The best way to look at it is to be neutral with the profits. Not looking at the value but looking only at the percentage because that's where you will see the actual progress one person has made. Sure there would be differences in capital and how much money it has but that's only making the person more greedy in terms of wanting to have the same "gains" but the fact that it's only the same in percentages.

Then discriminate with what a person has or can afford to lose. As long as the mentality is there, I believe they will become successful.

[Obito]

Cryptocurrency always has been a game changer in this world. With covid-19 is spreading in this world very fast. Community looking for online work, crypto trading line has emerged as a good money making opportunity. At present time only Cryptocurrency getting attention and earning more investor that's why crypto is on fast rising trend.

The only problem that I can see with this trend is that scams proportionately grow together with the trend, the people falling for it are increasing too because they want to get in the trend and the first people to offer them something without knowing anything about the offer or ignoring red flags, they accept it and then get scammed. With this rising trend, we have to be more careful more than ever with scams.

[wahyu wida]

Cryptocurrency always has been a game changer in this world. With covid-19 is spreading in this world very fast. Community looking for online work, crypto trading line has emerged as a good money making opportunity. At present time only Cryptocurrency getting attention and earning more investor that's why crypto is on fast rising trend.

The only problem that I can see with this trend is that scams proportionately grow together with the trend, the people falling for it are increasing too because they want to get in the trend and the first people to offer them something without knowing anything about the offer or ignoring red flags, they accept it and then get scammed. With this rising trend, we have to be more careful more than ever with scams.

Such conditions are the same as hype, where people will increase following the trend so that prices continue to rally, until one day the whales start to take their share, followed by panic from many people and finally dumping is inevitable.

[rosebrand]

Yes you are really very correct! The amount of capital used for a trade matters alot, someone can't just own a fraction of coin and be feeling rich already, no it doesn't work that way, it's clearly seen that the rich get richer in crypto while the ones with the little capital got little opportunity to make it big because using a small capital and the coin prices rised by 50% and for someone who used $50 will be making an extra $25 which making his portfolio a total of $75 which is still small, but for someone who use $5k will be having an extra profit of $2.5k making it a total of $7.5k which is way too big already.

[CryptocurencyKing]

(b) Most times, only the rich can get richer from trading. Sounds very controversial, but think of this, if two friends follow a signal and enter a trade, one with $50 and the other with $500. If everything works out well, both will be in gains, but the profit margin of both individuals will be different. This Illustration further supports the claim that only the rich can get richer from trading.

In which.. applies to pretty much almost everything. A richer person can make more money in business because he/she can take more risks and have more money to grow the business.

This explains why having a huge capital is very important in business. It extends your risk taking and the level to which, you can endure a damaging situation  in business as well as, it ensures you stand to profit in course of a reversal. This is a luxury available to the rich investors for which, the small investors lack.

We heard of Elon Musk with Tesla coming into the bitcoin market with over a $1B to invest and in few months, got over $0.5B worth of profit. The capital not only served his individual investment purpose but also, stirred in the minds of mini and micro investors the validity of the commodity and as such, the rich keeps benefiting from the insights there investments projects.

[Obito]

~snip

Such conditions are the same as hype, where people will increase following the trend so that prices continue to rally, until one day the whales start to take their share, followed by panic from many people and finally dumping is inevitable.

If you know how the whales think then you have a high chance that you can earn a lot from following the trend instead of being just a catalyst for the pump in the prices. Remember that it is alright to follow the crowd as long as you still have a common sense. The panic that ensues can also be your opportunity to buy since the prices are at a premium.

[electronicash]

(b) Most times, only the rich can get richer from trading. Sounds very controversial, but think of this, if two friends follow a signal and enter a trade, one with $50 and the other with $500. If everything works out well, both will be in gains, but the profit margin of both individuals will be different. This Illustration further supports the claim that only the rich can get richer from trading.

In which.. applies to pretty much almost everything. A richer person can make more money in business because he/she can take more risks and have more money to grow the business.

This explains why having a huge capital is very important in business. It extends your risk taking and the level to which, you can endure a damaging situation  in business as well as, it ensures you stand to profit in course of a reversal. This is a luxury available to the rich investors for which, the small investors lack.

We heard of Elon Musk with Tesla coming into the bitcoin market with over a $1B to invest and in few months, got over $0.5B worth of profit. The capital not only served his individual investment purpose but also, stirred in the minds of mini and micro investors the validity of the commodity and as such, the rich keeps benefiting from the insights there investments projects.

having a small capital doesn't make a person have less chance of profiting big is he just learn how to trade well. reinvesting the gains he got. it's always playing the game that makes trading exciting. although it would be better to have bigger capital.

cryptocurrency today still is at the dawn of time, there are still people who didn't even heard of BTC. we still can be considered early investors.

[death69]

(b) Most times, only the rich can get richer from trading. Sounds very controversial, but think of this, if two friends follow a signal and enter a trade, one with $50 and the other with $500. If everything works out well, both will be in gains, but the profit margin of both individuals will be different. This Illustration further supports the claim that only the rich can get richer from trading.

Could not agree more. Money will make more money for you. Low capital only results in loss since people will soon become greedy and increase the leverage. Even in the real life, I can only see the rich gets richer and the poor only becomes poorer. Such a controversial situation but that is how life work.

However, I still believe that knowledge can compensate the lack of money. With proper knowledge, you can make a right investment which gives you more money than most of other projects. With cryptocurrency, you can make this dream come true. There are many coins significantly increasing over the pass few weeks, even few days. Try to benefit yourself because this rise will not last forever.

[Dilerium90]

I remember 2017-2018, when press started talking about cryptocurrencies on every TV. Then I did not understand, that this is a signal for a market reversal. The same thing is happening now. Many friends turn to me who have never heard of cryptocurrencies before. For me, this is a signal, that it is time to enter in fiat.

[Viscore]

I remember 2017-2018, when press started talking about cryptocurrencies on every TV. Then I did not understand, that this is a signal for a market reversal. The same thing is happening now. Many friends turn to me who have never heard of cryptocurrencies before. For me, this is a signal, that it is time to enter in fiat.

Then, we have to expect this at any time. Dumps can be happening soon, that we never know either we like it or not, it surely comes surprisingly.
But I'd find a big difference in today's situation compared to the last Bullrun. I could say it was a very short time bullish, but not like what we got this time. We've done for almost half of the year being bullish (correct me if I'm wrong) but until now, I'd never seen any indication of its end. But it can't deny that many people are already praying for this to stop.

[DarkDays]

Cryptocurrency always has been a game changer in this world. With covid-19 is spreading in this world very fast. Community looking for online work, crypto trading line has emerged as a good money making opportunity. At present time only Cryptocurrency getting attention and earning more investor that's why crypto is on fast rising trend.

The only problem that I can see with this trend is that scams proportionately grow together with the trend, the people falling for it are increasing too because they want to get in the trend and the first people to offer them something without knowing anything about the offer or ignoring red flags, they accept it and then get scammed. With this rising trend, we have to be more careful more than ever with scams.

Agreed. There are people at every corner trying to scam you. It is such a pervasive things that unfortunately will put off a lot of new comers to crypto. It is not something that anyone or any group can eradicate it just requires a lot of caution.

[1ambricheeze]

This is hundred percent true. In addition, Upbit is now under Temporary Server Check.

[AakZaki]

In my case I am new to this world, a friend from the Spanish forum introduced me to all this, every day I learn more and more, what I do most is read, although there are things that I do not understand much, especially the technical, but the It is trending at least in my country, it is increasing greatly, of course it is a third world country and with the highest inflation that exists, in the statistics it appears as one of the countries that has the largest volume of btc, I think that as the crisis increases worldwide the btc will shine brighter.

Don't expect a world of continuous crisis that won't be good for everything. Bitcoin does have an increasing trend when inflation is very high, but if it continues it will also not be good for countries that continue to experience crisis.

Cryptocurrency is currently a very popular trend, many stock investors are moving to cryptocurrency because of lower risks and greater increases.

Everything must be balanced, between the country's economy and cryptocurrency. Cryptocurrency is a payment alternative that is more transparent and safer, but the main payment can never be replaced.

[justdimin]

Cryptocurrency is currently a very popular trend, many stock investors are moving to cryptocurrency because of lower risks and greater increases.

Everything must be balanced, between the country's economy and cryptocurrency. Cryptocurrency is a payment alternative that is more transparent and safer, but the main payment can never be replaced.

What kind of balancing, you are referring for? If you mean that bitcoin's increase will lead to bubble then it will obviously pop up one day like how it happened by December 2017. Because, bitcoin is not increasing all the years but only one year after halving. So, it may enter into non-balanced zone at some point of time but over the time, it will get balanced through new investors.

Bitcoin definitely needs both unbalanced and balanced situation. When FOMO happens, then it will get into unbalanced levels due to massive buying which will get balanced after a crash. So, the current fast trend may lead to downfall of market by end of the current bull run. So, be prepared will help.

[rhodelmabanal]

We always need  a plan if we dont have plan about our asset we well never ever gain a big amount of profit, and we are just like wasting our time in crypto. Plan is important to make a directions, holding and selling always need limitation so plan now and gain huge profit later. Before we buy different token or coin we need to have plan for it on when we are going to sell or on how many years we will hold the particular token so we can calculate the posible earnings not just buy and then sell if there is 5% earnings that is totally waste of time.

[Yatsan]

Since people have already know and realize the importance and worth of cryptocurrency compared to before, many have got engaged into crypto to the extent that it becomes a new trend to most people whether you have intended to like it or not at first. Since many people are now getting into cryptocurrency, the volume of buy and sells have also increased on which it typically shows how massive the changes have occured to make it come to something like this. Well, it is a good thing if people do consider knowing cryptocurrency first before doing engagement to avoid getting caught into common problems of beginners considering they know nothing about crypto at all.

[Lanatsa]

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I agree that making a profit of $ 33k from investing in cryptocurrency is a very good achievement. If I worked in the real world, $ 33k would
take 2-3 years to earn. This is what makes cryptocurrency even more popular, because it can make huge profits and has succeeded in making
some people rich. Moreover, the performance of cryptocurrency this year has been extraordinary, almost all coins have increased very drastically.

Would really be giving out that kind of opportunity on making money that would surpass any traditional ways on earning income but somehow it does involved with some investment for you to take in.

This isn't something that you can get rich instantly and just like on having an ordinary business then you would need to work hard for it unless if you decided to hold something

then its upto your choice but that wont be guaranteeing for you to succeed.Its a little bit needing of some luck when dealing with crypto because not all would really be expectedly to rise up.

Thank you for reminding that getting rich from crypto trading cannot be obtained instantly. Indeed, it takes a long process in order to get
a large profit, sometimes we just need a little luck to succeed in the crypto world. Because indeed we cannot expect the market to continue
to be bullish. Therefore, patience is needed so that we can succeed in getting rich from cryptocurrency, without patience, forgetting to get rich
from cryptocurrency.

Not only being patient but also be wise or smart on taking up decisions or you do know how to handle up your finances in terms of capital and diversifying.

Getting rich is the common target of most people here who dive in in crypto space but not all would really be given out the chance on getting into that state.

To think that if there's one who had make out millions then imagine on the other side who had lost money too.Its just a tug of war between buyers and sellers.

[kram31]

Nowadays, we can't deny that a lot of people here in cryptocurrency so far are enjoying because some of the altcoins gave a lot of profit to everyone, just like for example of this are Dogecoin even to others it is a shitcoin but look what happened after MUSK posted in the twitter, then followed by Shiba inu where a lot of the community as well invested to this coins were it is cheap but have a large volume in the market something like that anyway. So it is really trending now in the market.