CRYPTO IS NOT A GET RICH QUICK SCHEME

[Tony116]

Crypto currency is not a get rich scheme,
Many want to invest today and be rich tomorrow, which is very wrong, it takes some times to make it in the industry, just 2 or 3 coin is enough to change your story, not by buying all coin you see, ease and patience wins the game,
And always caution your self, do not rush to buy a project, or be carried away with some influencer shilling a project, only few are trustable, others are just working for the money been paid to them,
Let's be guided...

Should already be a common mindset but unfortunately, that's not always the case.

Sometimes people really need to experience being in a tough spot or being lost just to understand that putting money in crypto is not a joke.

I just hope that those who experienced the worst will soon bounce back and be better people or investors next time.

There is no better advice than experiencing it yourself. we also had such a misconception, lost a lot of money on shitcoins, and altcoins just because we want to get rich quick. Then we realized that cryptocurrency is not an easy place to make money as we imagined.
The market is full of harshness and pitfalls, you will only lose much more money if you have no knowledge of this market.

[BobK71]

I strongly agree with this, that crypto is not a way to give and get rich quick. If anyone thinks so I guess it is the wrong one. Actually, any investment and anywhere is not a way to get rich, it's more about managing money so that you can make a small profit. There is a lot of risk in it, therefore it is recommended to use money that is specifically devoted to investing.

Cryptocurrency is now widely known all over the world. Why people are so encouraged here? Of course there are ‍some reasons. Cryptocurrencies are the most volatile currencies in the world. There is no obstacle in its upward and downward movement. By investing here, many have got beyond their expectations which they never imagined. On the other hand, the fear of losing is very high. However, without having proper knowledge investing any assets and the hope of quick profit is a sign of losing your assets.

[JoyMarsha]

As I grow further in crypto knowledge, I get to find out that crypto projects don't make someone rich overnight. It requires patience to see a project succeed in crypto. A legit project can't promise you richness in a short period, knowing full well how volatile the market can be.

A project that has so many paid Influencers shilling its project does turn out to be a scam. It has nothing to offer. Avoid them so that your hopes won't get trashed

[tvplus006]

Crypto currency is not a get rich scheme,
Many want to invest today and be rich tomorrow, which is very wrong, it takes some times to make it in the industry, just 2 or 3 coin is enough to change your story, not by buying all coin you see, ease and patience wins the game,
And always caution your self, do not rush to buy a project, or be carried away with some influencer shilling a project, only few are trustable, others are just working for the money been paid to them,
Let's be guided...

Usually, a trader comes to such correct conclusions only after he loses his deposit for the first time. And this is difficult to fix, since for most people cryptocurrencies are associated with getting fast and easy money. I hope your deposit is safe.

[tjtonmoy]

It is not also always profitable to hold. You need to have a proper knowledge of the market situation. Otherwise whales will eat your assets, and you won't even have a clue. Crypto is a long term investment plan, but people all over the world are also earning from day trading. You just have to find the best way that suites you. Use your knowledge and everything is possible.

[cloudfir3e]

Crypto is not a get-rich-quick scheme.
but from crypto we can change life and fate by investing or trading.
but it is not easy to be able to achieve the dream of changing lives from crypto because there are many great risks in it and it requires a process that is not short, trust, persistence and strong determination are the main factors needed when entering the world of cryptocurency.

[SistaFista]

Yeah indeed it is not a short way to get rich, but i think i understand why many people think like that.
Im sure the people who familiar in crypto were witnessing many coins were skyrocketing in the past.
The volatility of cryptocurrency is very high, so the price can change anytime with significant amount of change.

[cryptobadshah]

I agree nope consider crypt a get rich quick scheme people who look for dubious get rich quick schemes have been richly rewarded 8 to 9 out of 10 get rich quick schemes are scames mlm lottery tickets algorithmic trading leveraged trading ponzi schemes etc Crypto is not ponzi yet it's become a less risky asset than the dollar ther community is constantly trying to deceive you into not selling and pumping your bags so they may dump them on you take profits as needed maybe crypto will be a long term investment like equities but not yet.

[Rupok]

Many things are possible in cryptocurrency and it doesn't take long to get rich.  Most people want to invest today and become rich tomorrow, but they forget that everything requires patience.There is no way to get rich tomorrow by investing today. Market performance is very important in cryptocurrency, but also which coin you choose to invest in.Good coins will always give good profit, so choose good coins.  It can actually be one of the ways to get rich but it is time consuming.  The volatility of getting rich has turned into greed, so long term investment without greed will lead to success.

[ije07]

Currently, there are still many people who think that the last way to get rich quick is to invest in crypto so that there are many crypto paradigms that can make us rich quick, although there are also those who do it with luck and many also experience large losses during their initial investment in Crypto so they stopped to do it again but basically when we want to make any investment then the main thing is to research the product so when we start investing it is calm and also requires a process like you said.

[tygeade]

That's the thinking of ordinary people who aim to want instant wealth, even though users who actually have experience will not necessarily become rich suddenly, because they hide the joys and sorrows of playing crypto, at least following a process that can make you rich, because you consistently know crypto  will see the experience is not mere lust..

Unfortunately that is a majority of altcoin investors. They think that they could get rich by investing into small cap stuff which they named "gem" themselves and then it will go 10x and make them rich. That's not how it works and that is not what they are going to make their money with.

It's fine though, I do not think that it would be easy for anyone to make money like that, we shouldn't be really focusing on what they could do, just let it be something small and we would be doing fine without looking at them. I have been around them all this time and yet invested into large coins like bitcoin at the top and made money from it and that is fine for me.

[bakasabo]

In the beginning cryptocurrency was a get rich scheme; when it was unknown to people, people knew few about its possibilities and there were lots of uneducated and inexperienced investors. But the time has passed, cryptocurrency has developed and grown in size. The money has spread on thousands of projects and ideas, which makes it impossible to get huge investment multipliers. I think that even with time, we wont see "getting rich" cases anymore. We would see people earning a lot only.

[RussiaUkraineTranslation]

Most people not only lose money trading, but also lose money on meme coins like flokidogeElonApecoin. The best way to make money investing is patience and persistance. That's why I am invested long term in projects with real world utility and fundamentals, like $XRP and MAXX finance. MAXX rewards you the longer you stake with higher APY and XRP will have liquidity pools that people can use like Uniswap to earn extra money.

[judaspriest]

Most of the news about cryptocurrencies is an investment that can provide a big profit of up to 1000x in a short time, of course many people have already received big profits, those who hold eth, bnb, matic, hex, doge and so they become new rich people because of fantastic price increases in 2021.

If you are currently hoping to invest in that kind of profit, I think it will be difficult because of unfavorable market conditions.
with a bear market it's better not to have high expectations,
what is clear is that we need to be realistic in our expectations

[First Registration]

In fact, investing is a very difficult thing. Those who invest on one of the good coins have a chance to get a lot of profit. But those who have no idea about crypto will not be able to profit even after trying thousands of times because investing requires a lot of knowledge So those who want to get rich by investing have to work hard and know a lot about this. Then he can benefit a lot. But it will take a long time to know about this. Then you can be a good investor.

[ItsCrafty]

To attain your objective you should work hard and focus more about your yield. If you wish to become a victorious trader in crypto so you should just buy strong coin and never think that it will rise in a second and you will become moneyed. It requires time, you should carry coin, wait to get high, face your dropping and accept it, also try your best for another way to get success, and have forbearance . So in this method you can be a good trader and you can attain what you really wish to get.

[Issa56]

Most newbies think Bitcoin is a get rich quick scheme, that's why most of them get scammed whenever they join the crypto space, most newbies have bad orientation when joining cryptocurrency, they believe immediately you start cryptocurrency, you start making money which is very wrong. I believe one coin can change your live which I always recommend bitcoin, but you will need to have enough patience, you will have to learn to hold a coin for long term if you are expecting a very good profit.

[popeye95]

You can't deny the 'get rich quick scheme has introduced many new investors into the market. Some of them don't want to learn about crypto, about how it works. But there are the others that try to learn the stuff. I think they're the 'good result' come off from it. Good or bad doesn't mean much to me as long as there is a good result like that.

[Fredomago]

Most newbies think Bitcoin is a get rich quick scheme, that's why most of them get scammed whenever they join the crypto space, most newbies have bad orientation when joining cryptocurrency, they believe immediately you start cryptocurrency, you start making money which is very wrong. I believe one coin can change your live which I always recommend bitcoin, but you will need to have enough patience, you will have to learn to hold a coin for long term if you are expecting a very good profit.

And most of them has been influenced by someone who also think the same way, people who manage to earn thinks that they can repeat the same outcome of people who they convince to invest with them, it should be replaced and make sure that when you try to inform someone about this venue of investment, make sure to provide all the details, not only the potential of earning money but most should be about the potential loses.

It' should be aware that it's not a venue to shortcut for your richness but a venue to learn more about the potential.

a learning process that will bring good outcome only if you will keep enhancing your strategy.

[BitDane]

There are testimonies about people getting rich overnight or over the weekend when they get involved in cryptocurrency.  Like people who are quick enough to invest in a pump and dump project.  They maybe shit project but we cannot deny the fact that pioneer investors get 1000x+ profit.  I don't say it is good, but that is how the altcoin market move.  Sadly, those who are late in the party suffers a huge loss in this kind of crypto project.

What I mean is there is always two side of the story, one can say it is a get rich quick because they earn 1000x to 10kx profit during the shitcoin venture while many have lost trying to duplicate those success story and lost a lot instead.