CRYPTO IS NOT A GET RICH QUICK SCHEME

[virasisog]

Cryptocurrency investment could be profitable but seeing it as a shortcut to getting rich would be the wrong mindset. It always has risks and might not be successful at times. There's a huge possibility that we could also lose all our assets. It could make a person rich only if he knows how to do with the marker's volatility and is willing to face the challenges of long-term investment accompanied with the right choice of coin.

[Victorik]

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...

That explains why many are falling for the scams out their. They want to invest 20$ and get 20000$ the next day. This will never happen and any project that promises that will end up as scam.
Key is patience and knowledge.

[samuraijin]

Crypto which is a way for us to get bitcoin and at the same time learn to trade on exchanges, that's why over time a lot of crypto cryptos have sprung up, in order to lure investors to invest and there are lots of lures that are presented to get wealth instantly, but the opposite is true. actually happened. and that's where the scammers in or scam projects pop up...

[inanilujimi]

Thank you for reminding me, to be honest I've known crypto for a long time more or less 7 years ago, if I had done this long ago I might have become a rich person, but unfortunately I'm too easy to switch to altcoins that have a momentary hype, even though I get profits but to be honest , it's all not worth it if I hold bitcoin since the beginning of knowing him.

[Eureka_07]

<snip>

It seems like you are assured of the next big wins that will make you rich because of how you constructed your first sentence. Or are you really confident that just 2 or 3 coins is enough to achieve the fortune which someone is looking? Anyways, it is true that crypto is not quick rich scheme (most of the times), but there are some people who are lucky enough or let's say held their coin until the very good time in which they can sell it in much much higher price. Not all people are lucky so do not have a high expectation that you'll be one of them soon as you invested for in crypto.

[crwth]

Depending on your plans and goals on why you are investing, it's still vital that you know that reasoning to get behind and reach your destination in the longer term. Investing in various coins isn't enough unless you have a lot of money in the bank to support or something that would make it worthwhile. I think it's essential to buy continuously on a project that you believe in and would have actual application in the world, not just show.

[ANSEL_2.0]

Yes crypto is not a get rich scheme but if a newbie comes into crypto space let say bull market they can be lucky enough to make insane amount of money, but yes I never regret that I came when a bear market is alive, I knew the difference and understand the process better, patience is the key.

[Okeowo]

<snip>

It seems like you are assured of the next big wins that will make you rich because of how you constructed your first sentence. Or are you really confident that just 2 or 3 coins is enough to achieve the fortune which someone is looking? Anyways, it is true that crypto is not quick rich scheme (most of the times), but there are some people who are lucky enough or let's say held their coin until the very good time in which they can sell it in much much higher price. Not all people are lucky so do not have a high expectation that you'll be one of them soon as you invested for in crypto.

Not really sure though, but I believe, the next bull run will be massive with a good capital

[Kavelj22]

<snip>

It seems like you are assured of the next big wins that will make you rich because of how you constructed your first sentence. Or are you really confident that just 2 or 3 coins is enough to achieve the fortune which someone is looking? Anyways, it is true that crypto is not quick rich scheme (most of the times), but there are some people who are lucky enough or let's say held their coin until the very good time in which they can sell it in much much higher price. Not all people are lucky so do not have a high expectation that you'll be one of them soon as you invested for in crypto.

I think that getting rich through crypto depends on the strategy that each person adopts. For example, traders may be lucky in the new currencies and gain large profits as a result of a sudden rise in the price of one of the currencies. Also, long-term holders can get large profits over time, and by looking at the Bitcoin price chart, for example, it is certain that many early users have become wealthy if they have never used their currencies.
They are all relative and there is no clear way for any user to become rich using crypto. Many use crypto for daily transactions and not for other purposes.

[BIT-BENDER]

Who ever thought Crypto-currency is a quick financial freedom gateway probably should not be here. The Jetski way to losing in Crypto-currency is believing you would or should Always win. I don't care if you are a short term or long term holder or are you a trader or an investor, once you believe you can't lose then you start to go down trust me. Crypto-currency is that volatile and if you don't master it's season you probably won't get it right here.

[BobK71]

Since joining cryptocurrency, many may start rushing to find that treasure. What exactly is crypto? I think It is the result of long-term perseverance. Here investment in good assets can get good results after a period of time but there is no specific time frame. There is a high chance of losing your assets considering it a get rich quick scheme. So it is not good at all to think anything more.

[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...

It would be nice if more people had the same thoughts as you but unfortunately your message is drown in a sea of misinformation, and this is not the only problem, what you are saying is something people do not want to hear, people want to believe they can come to this market and make a fortune easily, we know that is not true but that is what they want to believe and it is going to be impossible to convince them from the contrary as scammers are out there feeding those illusions to those people as they know they are the ones they can scam easily out of their money.

[serjent05]

Definitely, Cryptocurrency is not a get-rich-quick scheme but many scammers and fraudulent companies take advantage of the people's greed to get their money and exit scam quickly.  The created project under cryptocurrency especially those groups who take advantage of the trends and buzz words often convey to the investors that crypto is a get-rich-quick scheme shouldn't be supported because these projects often end up as a scam or make investors suffer a huge loss.

[Kopetunto]

Depending on your plans and goals on why you are investing, it's still vital that you know that reasoning to get behind and reach your destination in the longer term. Investing in various coins isn't enough unless you have a lot of money in the bank to support or something that would make it worthwhile. I think it's essential to buy continuously on a project that you believe in and would have actual application in the world, not just show.

like this, trading in crypto is very risky, so we also have to have a strategy so that we can get rich,
get rich in crypto if the bull market is easy, just buy the altcoin you like, and hold it, then you will be rich,
but if bearish arrives then you will lose all your profit

[Marvelman]

Yes, cryptocurrencies have so many great potential and possibilities for everyone's life but with anything there are huge risks as well. Just like any other investment opportunity, cryptocurrency has its own pros and cons. Smart investors will take all these factors into account before taking any final decision. I believe that investors who are more aware and cautious of their investments might not fall prey to scams. People should also try to become more vigilant and less greedy, because it is our greed which makes us ignore the red flags.

[agustina2]

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.

[posi]

Definitely, Cryptocurrency is not a get-rich-quick scheme but many scammers and fraudulent companies take advantage of the people's greed to get their money and exit scam quickly.  The created project under cryptocurrency especially those groups who take advantage of the trends and buzz words often convey to the investors that crypto is a get-rich-quick scheme shouldn't be supported because these projects often end up as a scam or make investors suffer a huge loss.

If people didn't become greedy, those projects wouldn't be able to scam them either. It is investors' greed and eagerness to get rich that make them victims of such scams. If everyone has prior knowledge to enter the market and invest seriously, slowly, no scam projects will be created.

The scammers have seen the greedy scheme of investors, so they took advantage of that loophole to create scam projects that hit the get-rich-quick mentality of investors.

[capedbaldy]

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.

In the end they will know to invest in the right coins and don't want to get stuck on get rich quick scheme coins, but unfortunately many beginners find it difficult to bounce back after losing from bad coin investment, but if they bounce back then they are experienced to invest in top coins and Avoid investing in coins with high risk of loss.

[BuNga_cute]

Definitely, Cryptocurrency is not a get-rich-quick scheme but many scammers and fraudulent companies take advantage of the people's greed to get their money and exit scam quickly.  The created project under cryptocurrency especially those groups who take advantage of the trends and buzz words often convey to the investors that crypto is a get-rich-quick scheme shouldn't be supported because these projects often end up as a scam or make investors suffer a huge loss.

If people didn't become greedy, those projects wouldn't be able to scam them either. It is investors' greed and eagerness to get rich that make them victims of such scams. If everyone has prior knowledge to enter the market and invest seriously, slowly, no scam projects will be created.

The scammers have seen the greedy scheme of investors, so they took advantage of that loophole to create scam projects that hit the get-rich-quick mentality of investors.

Whereas most scammers use the same methods to deceive investors, but because there are always investors who are greedy and very obsessed
with big profits. So in the end there are always investors who become victims of fraud. That's why it is always recommended, especially for newbies
to learn correctly about the crypto world, before finally deciding to invest in crypto. That's because there are so many frauds in the crypto world,
which takes advantage of the lack of knowledge of some investors and also the high level of human greed. Because if we know how the crypto world
works and can control our greed, we should realize that crypto can not get rich instantly. It takes quite a long process and also patience until finally
we can become rich from crypto. So avoid if there are other people who offer investments in new projects that promise big profits in a short time,
it is a sign of deception.

[john1010]

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 agree in your statement, but i don't in the title, because many people change their life because of crypto, maybe some not, but many have been benefits about it, Yes it is a Get rich quick, if you know the right method and timing you can change your life through it.