CRYPTO IS NOT A GET RICH QUICK SCHEME

[Okeowo]

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...

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[uneng]

Even 1 cryptocurrency is enough to change someone's story, because in fact an investor doesn't need more than bitcoin which still has potential to reach much superior price levels than the one we see today, with the history and reputation no other cryptocurrency can overcome.

But like any serious investment, you need to put your money there and forget for a long time, so you don't feel tempted to cashout it for whenever reason you might be currently facing.

[asriloni]

Yeah but this is a scheme that makes a poor guy can become a rich guy. That's why people are looking for the new project to invest. The main concern must be on timing to invest. People are investing in the existing token which will not make them all become the next rich person. The quick rich scheme was only for people who are actively looking for hidden gem. I should remind you that those big marketcap coins were also starting from nothing.

[blockman]

You will be overwhelmed if it's like 2 years or more ago. The thought of many not just the newbies was that when they hear crypto, it's all about being rich overnight and a scheme that they can easily take advantage.
But little did they know that this is a typical market just as they knew before and it's hard if they have zero knowledge on it because they're like investing into something that they didn't now.
I think the percentage and statistics of the people that are believing about it as a get rich scheme had gone down due to the bear market too.

[TheUltraElite]

Crypto currency is not a get rich scheme,

Yo, most users think like that anyway.

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,

Having good level of patience is a virtue, most dont have it and therefore they dont find success in many aspects of life, not just crypto.

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,

Influencers shilling these projects are an instant no-no. People should learn that most newly launched projects are just short term gains for the owners, marketers and influencers and not the investors. The long term value of any such project is absolutely zero.

Let's be guided...

But who will guide the newbies? We forum members who have learnt the basics should try to make them aware.

[fortunecrypto]

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 really is not, a project starts with whitepaper introduction of the project and building a platform to promote it and build a community around it it cannot take overnight to do this, it takes 5 months to one year some longer before we can see actualization of the whole project, and you have to keep monitoring the project to see if it still lives to its potential and your expectation if you are there in the early stage, and you are one of the early birds then you have a chance to make a profit, it still depends on how they perform in the market and your entry point, the time you bought the coin.

[mindrust]

True. Those who want to get rich quick  will get rekt very hard during the bear market. People shouldn’t think about the price too much. Bitcoin is very good for sending and receiving money. You don’t even need to invest in bitcoin to able to use it. You can still benefit from bitcoin even if you don’t hold any. People usually miss this fact because most people are in because they only care about getting rich.

[danherbias07]

I agree with you although the number of coins being kept will grow as you understand more about cryptocurrencies.
Before, I also hold just 3 coins of different projects, mostly the known ones. But now, I cannot even keep up with monitoring every coin I bought, and some accumulated through different means.
Bitcoin, Ethereum, BNB. These 3 will not be gone in my portfolio. Those are the coins that built the crypto world and very soon they will be more valuable as more investors come in.

[goaldigger]

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...

Everything that you can earn here should came from your hard work and your own analysis, this is the real success and if you will just depend on any hype of signal you won't succeed here in the market.

Trader or investor should really not depend on any influencer though you can get their ideas and analyze it on your own so you can know if they are telling the correct signal or not, again it will still depend on your own analysis. Cryptocurrency can make you rich over time, there's a lot of ways here to become rich and honestly being a bounty hunter can still be a good source of crypto.

[Minecache]

It's a get rich scheme and can apply to everyone, all walks of life can get rich from cryptocurrency. However, it is not a get-rich-quick scheme as many people believe it is.

It's like any other financial market, we want to make money then we need and have enough knowledge, experience and a bit of luck here can help us survive in cryptocurrency. If you don't want to learn, don't need experience and still want to get rich, then crypto is not for you.

[Dr.Osh]

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...

actually this is not happening just today, but from days before. they think that crypto is a quick way to get rich. In fact, many people believe that their meme coin could be the same as bitcoin, or even beat bitcoin someday. well, I assume that they are too hasty. even with very little knowledge of crypto, they sometimes dare to invest large sums. sometimes, this leaves them with a deep loss. well, I just hope that we can all be wise and realistic investors. we will never know what will happen to the investment that we have if we do not do in-depth and continuous research on the project.

[Widdop37]

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've invested a 1k into a project and made thousands in the five days, if the timing is right yes crypto is a half baked get rich scheme, crypto high volatility is what makes all this to be possible, stock isn't profitable like crypto, in fact nothing is profitable like crypto.

[dansus021]

we are human and of course, it becomes natural if we want to get rich very quick, crypto on the other hand can make you rich but yes that everything need a process. in my opinion cypto can make you rich quickly but also can make you poor in the matter of hour. so yes there is no instant way to get very rich even in crypto

[evichi]

The era of meme coins and the associated hype have contributed to make people think cryptocurrency is a get-rich-quick scheme. Genuine coins/tokens like Bitcoin are actually aimed to grow steadily over time and earn genuine acceptance. Investing in coins like BTC, Ethereum, and the likes takes time to reap its benefits, most cases it takes years. Such investments that take years to yield results are obviously not a get-rick-quick scheme. it is important for those new in crypto to realize that genuine investments may take time to yield results and should not be confused with the hype that goes with some meme coins that only benefit few/project owners who are able to tract the meme coin and cash out immediately, and leaving the other investors at loss.

[Jeger.Kiting]

Yes you are right about that, if you want to get rich with crypto for now it probably won't be possible, because currently the bear market is still dependent on crypto exchanges. But if you want to force yourself to buy and you can determine what you think is good in the future to choose 1 or 2 options for the ALT you want to buy then you will benefit from what you have invested in the future.

[yazher]

Rushing to get what they want is a nature of humankind that you can never deny and only a few of them are patient at the time when things are not going their way. In that case, crypto investment is not for them if they wanted to make profit as soon as possible because the crypto is not like that and if they want a proof, they can just see the history of altcoin miners where they started with nothing and just patiently holding the coins of their choice until it raises their price for them to sold it and earned some decent amount of income. This is how it works, it requires some wait and not some overnight changes.

[Jackl87]

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,

Well it has definitely not been a get rich scheme for me so far  . I agree with you though that many are entering the crypto market with completely wrong and exaggerated expectations. Of course it is possible that you will find the gem project that will make you a x100 or maybe even more of your initial investment but the chances of finding that one project are very slim because there are just so crypto projects out there now. If you are new to the market then the chance of picking the right projects are probably even slimmer because you maybe will still follow the advice of crypto influencers that are just shilling their sh*t-coin to you.

[ethereumhunter]

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...

Many people don't realize or understand that crypto is not a get-rich-quick scheme. Unfortunately, they hear many stories from people, especially on social media, telling them they can get rich by investing in crypto. This is what makes people out there interested and start investing in crypto with the hope that they will become rich people too. This mindset needs to change and people out there need to understand that there is no get-rich-quick scheme but they have to work to get rich.

Let's hope these people realize it and think twice before they invest in crypto so they don't go astray. They need to learn more about crypto before they start investing in crypto.

[Doell]

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,

They only see people who get rich when invest in crypto, that's why they want to do it too, when in reality we use crypto to transact between individuals and other business people. For holders it is also not easy we have to be patient in holding every bite, people who trade in crypto market are also not always lucky, yes indeed agree holding 3 coin is more than enough, especially if every month of investment.

[Jaered]

The interesting thing is many heard crypto is a gold mine after seeing or hearing their friends or acquaintances make it big. So if they invest all they have and it dumps, then crypto would automatically look like a scam to them. No research or checks would be done