What’s the fastest way to grow wealth in our present world of digital currency?

[Heromember09]

Altcoins and NFTs, without a shred of doubt.

We have entered the age of digital transformation and the digital economy.
Boomers were able to get rich by simply buying a house in the 80s and sprinkling their savings across low risk stocks, which netted them a 45x.

Now, crypto was the chance for us get rich with a 100x in Bitcoin since 2015 at $500, another 100x for those who invested last year and probably another 50x for those who invested this month.
Everything is digital now.

Don’t get left behind.

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[Mpamaegbu]

It's like you were already answering your own question, by the way. However, let me quickly chip in something I read CZ Binance said about crypto. He said the best way to be wealthy in crypto is to hodl it. If someone heDl a single Bitcoin since 2015 and never sold it, the person would be in great wealth, no doubt, unlike if they tried to trade it (which most do and then lose out on it). I share in CZ's view point and this is why I'm of the opinion that hodling is also a form of trading. But it's also pertinent to note that when one hodls one should know the right time to sell.

Nevertheless, to grow wealth will mean investing and reinvesting. Then lead a minimal life of luxury so as to safe cash too.

[cryptoaddictchie]

No need to mentioned I guess. Many users even here knows that. I'm sure plenty of traders whom bought a lot of crypto during bear market already ripping all the profits now. But it doesn't mean they already out, possibly they still holding some bags for a possible mega bull run that would occur this year. Who knows, since market sentiment is quite good. It's not abot nft but also defi hitting up the market so smooth. A lot of new projects with a great platform came in and join ng those old one seems pretty bullish for all crypto users.

[someone703]

I see many people talking about the best or fastest way to get rich. Really, material problems make us run after it, but do you understand how rich you will be?
The ways to me are meaningless, instinct is understandable and never loses it will determine whether you are rich or poor from thinking to expression.

[Findingnemo]

Caution: cryptocurrency is not a quick rich scheme

People who thought that they can double their money in the next few months took loans and invested on cryptocurrency but what happened they lost the cryptocurrency value and also their life so never assume that its an investment unless you are ready to lose the capital completely.

[o48o]

Altcoins and NFTs, without a shred of doubt.

We have entered the age of digital transformation and the digital economy.
Boomers were able to get rich by simply buying a house in the 80s and sprinkling their savings across low risk stocks, which netted them a 45x.

Now, crypto was the chance for us get rich with a 100x in Bitcoin since 2015 at $500, another 100x for those who invested last year and probably another 50x for those who invested this month.
Everything is digital now.

Don’t get left behind.

Don't think of investing in a past tense. People who say that they woud be rich if they only invested in cryptos in 2015 are lying to themselves. Why i know this? Because not a one of them did invest into it!. It took balls to invest in 2015 when EVERYONE of your friends told not to do it and the market sentiment looked like crap.

These people will fail miserably because they they will always be late, investing on the hype phase, they will not invest EVER in the bottom. To be rich they have to learn entirely different ballgame, you need to find something (of real value) that looks like it has hit a bottom in terms of TA and no one in your feed has yet found and after that you control the game. You will be the whale.

[cliber]

Invest one to make it happen in cryptocurrency activities. What is interesting in Crypto is that it is not easy to predict what will happen to the market. For those who bought coins last year, I think they would have been rich this month if they chose to sell at a time when the market price of the coins increased.

[passwordnow]

It's true that the crypto market is the medium of the wealth transfer in the modern world. But do not be too optimistic about being rich in here, there's always the slow process but profitable. It's better if you're planning your path by investing in bitcoin and some altcoins but removing that being rich quick, that might lead you to fall because newbies can get into get rich scheme by having that mindset that they shouldn't have.

[kryptqnick]

Bitcoin is still a good investment, even if it's not realistic to expect 45x profits anymore. As for NFTs, it's easy to buy them too expensively, and then fail to sell as a similar or higher price. As for altcoins, there are tons of them, and the vast majority are worthless. They follow a simple pump and dump scheme and are sold shortly after being listed on the first exchanges. Then there are different ones, which are already well-established and have big market capitalization. But they aren't a much better investment than Bitcoin, as they have also already been through their major time of price growth.

[maju69]

But don't forget there are also those who end up poor because they don't have the knowledge to invest in which crypto. This is relative if indeed all the coins we buy can produce abundant wealth, but it all comes back to the value and resilience of a person. whether able to be even harder in financial management or just ambitious.
With so many ways to get rich, then why are people still complaining that investing in crypto ends up failing?

[flip4flop]

Recently it seems if you are chasing returns then you might want to look into things like OHM or TIME where you are getting compounded returns multiple times per day. I like OHM but ETH fees are a turn off for me. I went heavy into TIME since I like the team and the fact that it is on AVAX makes it cheap and easy to get into and its still incredibly early.

[Coyster]

OP you must understand that there is no fast way to make money, even with digital currencies, you may think you can make money quickly, but that would cause you to make mistakes such as not doing a proper research before investing, investing more than you can afford to lose, choosing the wrong coins etc. Having said that, digital currencies are far more than making one rich, you must invest in a coin you believe in, I for one believe in the Bitcoin network cause of the freedom and control it affords its investors and cause it also has an actual use case, thus you should actually select coins that you believe in and not only cause you believe it can make you rich pretty fast.

[GaxviiBuss]

One of the fastest means of making good earning (ROI) is crypto currency, and it cut across different sectio, Bitcoin, Altcoin and NFT, all is reliable, if one knows how to play it card very well, one just need to be careful when investing in NFt and Altcoin because of dubious project.

[lalabotax]

The best way is by following the growth of the era. Sometimes, there is some development of technology, the latest will be the best ways to follow. If we don't follow the development, we will be left behind.
Actually, this is not only about cryptocurrency because there are also complex online jobs that we can do.
but here, I also focus on cryptocurrency right now. Investment in the top coins and especially Bitcoin and other TOP coins will be good enough for long term investment

[Finestream]

The best way is by following the growth of the era. Sometimes, there is some development of technology, the latest will be the best ways to follow. If we don't follow the development, we will be left behind.
Actually, this is not only about cryptocurrency because there are also complex online jobs that we can do.
but here, I also focus on cryptocurrency right now. Investment in the top coins and especially Bitcoin and other TOP coins will be good enough for long term investment

Right. Investing in crypto particularly with bitcoin and the rest of top 10 coins in CMC will certainly make you wealthy in as early time as possible. And while you are holding into the best coins for future profits, you should always have other investments in the real world that are huge in demand so that you will gain both profits from fiat and crypto in time. And better stay away from living luxury life, otherwise you won't be earning still in the end.

[ivankoh]

Well, when you ask that, I think you might be aware of number games, maybe luck won't be with anything but time and knowledge, as well as loyalty.  I think to get rich “quickly” in the crypto world is to take gambles on Doge, Shiba, NFT… it's your choice, I won't be sure I'm in  any period.  Maturity is a must

[letyouearn]

That's true, we are facing a market with really cool opportunities to get rich fast. But one should remember that there is always a darkside in any situation or in any process. I think the fall of the markets will be devastating. Of course this will happen after a huge growth. Just don't be too greedy and religious when dealing with crypto

[judeafante]

Altcoins and NFTs, without a shred of doubt.

We have entered the age of digital transformation and the digital economy.
Boomers were able to get rich by simply buying a house in the 80s and sprinkling their savings across low risk stocks, which netted them a 45x.

Now, crypto was the chance for us get rich with a 100x in Bitcoin since 2015 at $500, another 100x for those who invested last year and probably another 50x for those who invested this month.
Everything is digital now.

Not going to be an easy ride, yes Cryptocurrency is a great opportunity to create a lifetime income, but behind those opportunities are traps that you have to deal with, there is a lot of quicksand in the Cryptocurrency market, you thought you have it and you find out its slipping, you have to educate yourself how to move forward what to look how to cut your losses, it's not an easy ride and learning should be continuous.

[lovesmayfamilis]

Caution: cryptocurrency is not a quick rich scheme

People who thought that they can double their money in the next few months took loans and invested on cryptocurrency but what happened they lost the cryptocurrency value and also their life so never assume that its an investment unless you are ready to lose the capital completely.

I agree. Not fully knowing all the intricacies of investing, you can quickly lose your money, instead of getting rich quick. If there were correct instructions on how to increase our capital, I think many of us would already be millionaires.
Without a certain experience, which has in its history not only profits but also losses, it is impossible to work out the right strategy for yourself. Therefore, you need to soberly assess your knowledge and risks, which can play in the future not as intended.

[TravelMug]

I do agree, however there is a caveat here, if you don't know what you are doing and just blindly throwing money in thinking that it will give you X amount of profits in return then you are wrong.

NFT's are just like the ICO of 2017, and I'm sure majority of us here knows what happen after the bubble has been burst. The ICO lost it's luster, investors sway away and look for the new and latest trend that can give them another set of profit.

So just be careful with all of this NFT craze right now, it could end in a bubble like ICO, just saying.