CRYPTO IS NOT A GET RICH QUICK SCHEME

[tvplus006]

The fact that the market gives you the opportunity to make a profit on a daily basis cannot cause anyone to object. And only our mistakes do not allow us to fully realize the possibilities. Respectively, your profit directly depends on your knowledge.

[KennyR]

The fact that the market gives you the opportunity to make a profit on a daily basis cannot cause anyone to object. And only our mistakes do not allow us to fully realize the possibilities. Respectively, your profit directly depends on your knowledge.

Agreed, and another fact everyone won't be lucky to be rich out of cryptocurrency in a short. Even in this bear market someone might be lucky to turn rich out of cryptocurrency. With cryptocurrency we should think of luck, rather we should keep ourselves focused on facing the worse of the market. This will let us to have a strong portfolio which can make us rich someday.

[NewRanger]

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.

crypto was good place for long term investment as long as we buy correct coins or projects but all of this could not make us rich only in a night or short term periode, alot sacrifice will take especially about lossing money in market. take a look people around us that invest in crypto , did they stopped or continue their journey in this market. only investors that continuesly keep research and observe in every project will get their success.

[bhooscream]

I don't know why people come to the crypto world and hope that they can be rich instant. Maybe they see videos or read some articles about being rich because of crypto. But, although people can be rich from crypto, they also have passed so many obstacles and also experiences both bad and good. That is why they have been passing so many things and being richer is not an instant way. they need certain processes and if you are not ready with the process, you will not get the worth of crypto. You may find difficulties in the crypto world, even though you may have very big profits in your first trading or investment in crypto, you may be lucky. ut luck will not come several times. Better to learn at first and try your best to invest or trade in crypto. not only expecting to be rich quickly

[wxa7115]

I don't know why people come to the crypto world and hope that they can be rich instant. Maybe they see videos or read some articles about being rich because of crypto. But, although people can be rich from crypto, they also have passed so many obstacles and also experiences both bad and good. That is why they have been passing so many things and being richer is not an instant way. they need certain processes and if you are not ready with the process, you will not get the worth of crypto. You may find difficulties in the crypto world, even though you may have very big profits in your first trading or investment in crypto, you may be lucky. ut luck will not come several times. Better to learn at first and try your best to invest or trade in crypto. not only expecting to be rich quickly

It isn't really that difficult to understand why that happens, a great deal of people have the dream of obtaining great wealth during their lives but at the same time it is not as if they are willing to work hard for it, so when they see the advertising that promotes bitcoin or the market of cryptocurrencies in general as a way to get rich quickly they do not even think about it twice and they just buy it.

So they come to the market without making any kind of research about whether those statements were true and they try to make their dream come true, they fail and complain about it, at that time we try to explain to them that their vision of the market was wrong but they refuse to listen to it and try over and over again to make their dreams come true in that way only to fail spectacularly.

[mey466]

Who doesn't want to get rich quick , rich people are still looking for income to get rich, so the conclusion is getting rich requires a process if something is instant it's luck and things like that are very rare, CRYPTO can be said to be a get rich quick scheme and poor, remember the risks that have an impact  very high can profit and loss

[Grim149x]

Yep many people they think if you have a knowledge in crypto you will be ritch they not think about how to hard to be profitable in crypto on mistake and all of your fund will be gone. Ihate people they think of me iam ritch beacuse of crypto they not how to profit daily its so hard

[lixer]

We all have different definitions of being rich and maybe when they say rich, they don't totally mean to have millions of dollars on them so what they are saying is very possible. It is truly possible to earn quick profits here in crypto. Other than short term investing and trading, theres also gambling which allows anyone to earn quick profits but that may not really be advisable since the risk in gambling can be much higher than two crypto activity.

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...

And why not? Being an early bird has a perk if it's a brand new project. It ensures that the price is still cheap once you get it and when many people find it out, that is the time for the project to grow more in value but personal research is a must and not by only depending on those influencers.

[albon]

Who doesn't want to get rich quick , rich people are still looking for income to get rich, so the conclusion is getting rich requires a process if something is instant it's luck and things like that are very rare, CRYPTO can be said to be a get rich quick scheme and poor, remember the risks that have an impact  very high can profit and loss

Yes, I agree with you that crypto and investing in it can achieve rocket profits overnight, but the risk of it is catastrophic, as the dream of getting rich quickly is one of the most important reasons for the loss of beginners in this field because they invest unconsciously and without realizing that they may go bankrupt if the market turns red, wealth requires patience, as a person can buy from the bottom and hold his coins until the bull run, and also luck is among the reasons for getting rich because not all investors in cryptocurrency are rich, but there are different opportunities, luck, and investments.

[tvplus006]

...So they come to the market without making any kind of research about whether those statements were true and they try to make their dream come true, they fail and complain about it, at that time we try to explain to them that their vision of the market was wrong but they refuse to listen to it and try over and over again to make their dreams come true in that way only to fail spectacularly.

For a beginner, the main task is not to lose his initial capital, which he is ready to spend on cryptocurrency, before he can independently assess the market situation. Since the temptation to make a profit quickly, without having knowledge, will necessarily lead to its loss.

[adzino]

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...

Of course it is not a get rich quick scheme. But still some people think that they are going to be rich over night by investing in crypto currencies. They invest and when they see the price fall a little, they panic sell and then starts saying that bitcoin and other crypto currencies are a scam.
The worst are the people that invest in scam/shit coins after seeing the price get pumped. They literally lose everything they invest and encourages those developers to scam more people.

[Luffygroove]

Oh at this point I can't say that I'd agree or disagree with your statement or not, cause in fact many people could really get rich from investing in crypto, especially at the beginning of the crypto popularity rise. When bull season happens, seems like all tokens/coins could give you profits even the trash ones could make you rich. The crypto world keeps many surprises and that is what makes it interesting. However, I can agree with you that now, we need to be more careful and patient with the market. Many things have changed and we need to develop along with the maturity of the market. We need to be more selective and cautious since all seems more difficult right now.

[Fredomago]

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...

Of course it is not a get rich quick scheme. But still some people think that they are going to be rich over night by investing in crypto currencies. They invest and when they see the price fall a little, they panic sell and then starts saying that bitcoin and other crypto currencies are a scam.
The worst are the people that invest in scam/shit coins after seeing the price get pumped. They literally lose everything they invest and encourages those developers to scam more people.

People who got tricked by scam developers or being introduced by friends and only the good side of crypto has been introduced, but the other side, they are not aware about the risk. There are people who think that crypto can bring them fortune and change their lifestyle in a much quicker way,. Not realizing that in most cases, there are more people who losses their investment not just a little amount but huge amount of money because they've got lack of knowledge about this investment.

[South Park]

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...

Of course it is not a get rich quick scheme. But still some people think that they are going to be rich over night by investing in crypto currencies. They invest and when they see the price fall a little, they panic sell and then starts saying that bitcoin and other crypto currencies are a scam.
The worst are the people that invest in scam/shit coins after seeing the price get pumped. They literally lose everything they invest and encourages those developers to scam more people.

People who got tricked by scam developers or being introduced by friends and only the good side of crypto has been introduced, but the other side, they are not aware about the risk. There are people who think that crypto can bring them fortune and change their lifestyle in a much quicker way,. Not realizing that in most cases, there are more people who losses their investment not just a little amount but huge amount of money because they've got lack of knowledge about this investment.

It is because of this that if you are a person talking to your friends and your family about adopting bitcoin and other cryptocurrencies you need to be 100% honest with them and tell them the realities of this market, and one of those realities is that the market is full of scammers which will stop at nothing to get your coins, and as such we need to be incredibly careful, especially when we begin our journey as that is the moment in which we are the most vulnerable to them.

[serjent05]

People who got tricked by scam developers or being introduced by friends and only the good side of crypto has been introduced, but the other side, they are not aware about the risk. There are people who think that crypto can bring them fortune and change their lifestyle in a much quicker way,. Not realizing that in most cases, there are more people who losses their investment not just a little amount but huge amount of money because they've got lack of knowledge about this investment.

Well in equilibrium in order for one to get a huge amount of money, someone must give the same amount.  So in the case of cryptocurrency, it is indeed proven in some cases that crypto might be the tool to get rich quick scheme since there are lots of traders who got rich overnight because certain shitcoins pumped hard but on the other side of that story, there are lots who losses huge amount of money because they end up bag holding worthless cryptocurrency. But if we wanted to avoid losses, we must not think the crypto is a get-rich-quick scheme but rather a get-rich-in-marathon way scheme, since it is safer to buy Bitcoin and hold it for the long term.

[cheezcarls]

Yup but just like fiat, cryptocurrencies can be used in both good and bad ways of making money.

For example, Forsage scam is using "ETH" as front for their networking ponzi scheme claiming that it's their "main product". This is where most of us get misinformed whereas if a coin was used for a scam opportunity, they would just generalize it as scam.

I have encountered some people before that they're trying to make me stop sharing something good about Ethereum because it's a scam from Forsage. I just simply educate them about ETH's real use cases and fundamentals rather than being used as a front for various get rich quick schemes

[romero121]

People never understand it unless they became a prey for a scam. We can't deny it can make a person rich, but the same needs to be done with the proper research and study. Being rich through cryptocurrency investment happens, but people expect to experience it overnight.

Nowadays in the name of cryptocurrency many scams were targeting common people. One of my friend had plans of saving his money in fixed deposit. Someone have suggested to invest into cryptocurrency and he doesn't know anything. Now he's in loss and he don't know what is happening. A person handles his funds, such things should not happen.

[wheelz1200]

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...

It isn't but many people still treat it like it is.  There are ways for quick returns but they are few and far between.  More likely than not any of these high risk high reward projects are mostly just scams disguised as a good opportunity.  But as long as there is greed people will continue to pile into these things hoping and praying.

[teddybear]

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...

I think all investments carry some risks, with crypto leading the list, but we have a larger risk appetite.

I have also invested in cryptocurrency, but I would prefer it if the government regulates it, so that the privacy concerns are addressed. With talks of a central bank digital currency, I feel crypto can become very significant.

Even though the cryptocurrency market is at its record low now, Rajagopal Menon, Vice President, WazirX said that there is no indication that millennials are moving out of crypto, infact he highlighted that the number of users within the age bracket is intact.

[Fredomago]

People who got tricked by scam developers or being introduced by friends and only the good side of crypto has been introduced, but the other side, they are not aware about the risk. There are people who think that crypto can bring them fortune and change their lifestyle in a much quicker way,. Not realizing that in most cases, there are more people who losses their investment not just a little amount but huge amount of money because they've got lack of knowledge about this investment.

Well in equilibrium in order for one to get a huge amount of money, someone must give the same amount.  So in the case of cryptocurrency, it is indeed proven in some cases that crypto might be the tool to get rich quick scheme since there are lots of traders who got rich overnight because certain shitcoins pumped hard but on the other side of that story, there are lots who losses huge amount of money because they end up bag holding worthless cryptocurrency. But if we wanted to avoid losses, we must not think the crypto is a get-rich-quick scheme but rather a get-rich-in-marathon way scheme, since it is safer to buy Bitcoin and hold it for the long term.

Reality of this kind of mentality, if so happen that you are one of those lucky investors then yes you can earn that huge amount, though if you are one of those many who got scam then for sure it's a vice versa. Like what I mentioned, there are more who lose money than those who are lucky who come out with richness.

And figuratively speaking, it's more on the developers or early takers who mostly manage to compensate that huge, especially those times where hypes / pumped really active around this industry.