Trading not a get rich quick

[molsewid]

People still see meme coins as a good investment way to make quick and some of them are very lucky because they make good money from them but it's the late comers that gets dump on as they won't have the chance to sell at high prices. For example, Binance exchange just listed $PEPE and $FLOKI a d the the two projects pumped but now it's dumping.

Since exchange keep listing this memecoins and a big exchange like Binance exchange has also listed them too, people will always think they can make quick money by investing in newly launched memecoins but they'll get scammed and keep on losing money.

Well some other people are fortunate to join the trend, some other people also just started to invest in crypto because they heard this thing but the thing is new people to crypto should not only rely to meme coin because there are a lot meme coins arises as well they should learn to choose the safest token or coins to invest with. And not rely only to those coins that are being promoted by someone else.

[_BlackStar]

Well some other people are fortunate to join the trend, some other people also just started to invest in crypto because they heard this thing but the thing is new people to crypto should not only rely to meme coin because there are a lot meme coins arises as well they should learn to choose the safest token or coins to invest with. And not rely only to those coins that are being promoted by someone else.

Ignore the coin memes, opt for bitcoin instead - it offers you a great investment experience rather than gambling on the volatility of meme coin prices. I know some meme coin investors have made huge return, but I'm sure there won't be many investor afterward getting the same amount of return because the meme coin hype will end itself.

One thing is true - don't ever imagine that meme coin will make you a millionaire anytime soon because in most cases, meme coin will simply value its initial investor more.

[fullhdpixel]

After my experience with SAFEMOON, I will never, ever try investing into meme coins again.. or maybe I will with DOGE, if I got bumped, and unfortunately my head got hit.

Trading isn't a get-rich quick scheme. I hope that traders know that, and I think the ones who has this kind of thinking when it comes to trading are the new traders who they think that they can get rich in trading that easy. If only trading is that easy then all of us would've been rich by now. Now that we have futures trading, most of the traders especially the newbie ones are jumping, and trading on it not knowing the risks that they can face while trading on futures.

Well, it's good that the perpetrator got arrested with what he did. There are some people out there who did the same, or got even higher amounts of money, but didn't get arrested unfortunately. Overall, I hope this serves as a lesson for those newbie traders out there that don't touch meme coins because anytime soon, they will just diminish alongside with your money if you invested into it.

I think you should not do it with doge neither, there is no reason to invest into meme projects no matter how big they look. Doge may look like it did alright, but it did it and now it's ended. You should not be buying anything that will make you lose money like that, it is not a good idea and you should try to avoid it as much as you can.

A lot of people end up considering doge had a big increase so it may have it again, but when you look at the market cap and the ranking of it, there is no room for doge to grow anymore, not a lot at least, it can grow with the market obviously, and maybe even gain a place or two, but the risk outweights the reward by tenfold easily. That is the best meme project, and even that one sucks, so imagine about how terrible the others must be.

[Games.Bitcoin]

That's correct, trading is not a get-rich-quick scheme. While it's possible to make money quickly through trading, it's also possible to lose money quickly. Trading requires discipline, patience, and a solid understanding of the markets, as well as a well-thought-out strategy and risk management plan.

Successful traders understand that trading is a long-term game and focus on making consistent profits over time, rather than trying to get rich quickly. They also understand that losses are a natural part of the trading process and have strategies in place to manage risk and minimize losses.

It's important for anyone interested in trading to do their research, learn about the markets they want to trade, and understand the risks involved. It's also important to start small and gradually increase the size of trades as experience and confidence grow. Trading can be a rewarding and lucrative activity, but it's not a shortcut to wealth and requires hard work and discipline to be successful.

[Bushdark]

For me, trading is a slightly different way of working. It should be understood that this option requires the trader to constantly work on his knowledge. It is through knowledge that a trader can regularly improve the results of his work.

Just like you have written, one of the things we need to ensure we have as a trader is to make sure that we have the knowledge and acquire the experience that would push us forward so that we are not going to be in the market as someone that do not knowß his right from the left.

 Trading should be a continual attempt to be a winner as long as possible. Normally when we started trading, we might to having some loses that might look inevitable but with time, if we keep doing what we are doing and we are upgrading our knowledge and skill, we might be surprised that our winning will commence as soon as possible. That is the efforts in persistence and never to give up to earn more by building more skills.

[Oilacris]

After my experience with SAFEMOON, I will never, ever try investing into meme coins again.. or maybe I will with DOGE, if I got bumped, and unfortunately my head got hit.

Trading isn't a get-rich quick scheme. I hope that traders know that, and I think the ones who has this kind of thinking when it comes to trading are the new traders who they think that they can get rich in trading that easy. If only trading is that easy then all of us would've been rich by now. Now that we have futures trading, most of the traders especially the newbie ones are jumping, and trading on it not knowing the risks that they can face while trading on futures.

Well, it's good that the perpetrator got arrested with what he did. There are some people out there who did the same, or got even higher amounts of money, but didn't get arrested unfortunately. Overall, I hope this serves as a lesson for those newbie traders out there that don't touch meme coins because anytime soon, they will just diminish alongside with your money if you invested into it.

I think you should not do it with doge neither, there is no reason to invest into meme projects no matter how big they look. Doge may look like it did alright, but it did it and now it's ended. You should not be buying anything that will make you lose money like that, it is not a good idea and you should try to avoid it as much as you can.

A lot of people end up considering doge had a big increase so it may have it again, but when you look at the market cap and the ranking of it, there is no room for doge to grow anymore, not a lot at least, it can grow with the market obviously, and maybe even gain a place or two, but the risk outweights the reward by tenfold easily. That is the best meme project, and even that one sucks, so imagine about how terrible the others must be.

Always go for projects which does have actual utility on which you could somewhat be able to assure yourself that you are really that indeed dealing with something legit and not some meme or degen coins.

For DOGe then its a meme and this is where meme season had started on which there are lots of uprising meme coins who do gain value in a short time but still didnt last that long because the hype is over.This is something that we must avoid and if you dont like on having that riskier approach then it would be that just good if you do go into those projects which are really that worth risking.

Trading isnt a rich quick scheme or method on making yourself believe that it would be something that would pull you into your current financial status.
Its an opportunity though for you to make some bucks or profits but of course there would be things needed for you to learn first.

[indah rezqi]

Trading isnt a rich quick scheme or method on making yourself believe that it would be something that would pull you into your current financial status.
Its an opportunity though for you to make some bucks or profits but of course there would be things needed for you to learn first.

I agree about this one because that's how it is. While some traders with big budgets can generate huge returns, it is very difficult to find them among the other pool of traders. Strategy and budget play a role in the success of a trader but if trading is to get rich quick then I think this plan will be very difficult to achieve.

Futures trading may have been widely used by some traders expecting multiple returns so far, but I don't think it's the best option for accelerating wealth. Futures trading is good to consider as long as the trader understands the strategy and is able to analyze price movements, but it's difficult so the risk of loss is much higher than the return.

[EarnOnVictor]

After my experience with SAFEMOON, I will never, ever try investing into meme coins again.. or maybe I will with DOGE, if I got bumped, and unfortunately my head got hit.

Trading isn't a get-rich quick scheme. I hope that traders know that, and I think the ones who has this kind of thinking when it comes to trading are the new traders who they think that they can get rich in trading that easy. If only trading is that easy then all of us would've been rich by now. Now that we have futures trading, most of the traders especially the newbie ones are jumping, and trading on it not knowing the risks that they can face while trading on futures.

Well, it's good that the perpetrator got arrested with what he did. There are some people out there who did the same, or got even higher amounts of money, but didn't get arrested unfortunately. Overall, I hope this serves as a lesson for those newbie traders out there that don't touch meme coins because anytime soon, they will just diminish alongside with your money if you invested into it.

I think you should not do it with doge neither, there is no reason to invest into meme projects no matter how big they look. Doge may look like it did alright, but it did it and now it's ended. You should not be buying anything that will make you lose money like that, it is not a good idea and you should try to avoid it as much as you can.

A lot of people end up considering doge had a big increase so it may have it again, but when you look at the market cap and the ranking of it, there is no room for doge to grow anymore, not a lot at least, it can grow with the market obviously, and maybe even gain a place or two, but the risk outweights the reward by tenfold easily. That is the best meme project, and even that one sucks, so imagine about how terrible the others must be.

You have valid points, memes coins generally don't have any solid project backing them, they are only enjoying the demands in the fun when they appreciate. The beauty of it is to make your short-term money from them and remove your money as fast as you can after some reasonable gains, they are not sustainable. However, for those that are good at analyzing the market, they will always get to outsmart Dogecoin if they will not mind the time it would be sluggish. There are sure times that it will be worth the risk and energy if one could be observant and persistent.

Meaning that I will not totally write it off because it's a meme coin or because of the high market capitalization.

[Septex]

I think it is not possible to get rich very easily or very quickly by investing. In the field of business, there are times when a lot of money is lost. However, if you want to make a profit by investing, you must wait patiently. Lack of people can get rich by investing in bitcoin but actually it is not.Investing in bitcoin requires investing for long term. So it is not so easy to become rich, of course, to become rich, you have to have confidence in investing and plan for the future.

[awik p]

Trading isnt a rich quick scheme or method on making yourself believe that it would be something that would pull you into your current financial status.
Its an opportunity though for you to make some bucks or profits but of course there would be things needed for you to learn first.

I agree about this one because that's how it is. While some traders with big budgets can generate huge returns, it is very difficult to find them among the other pool of traders. Strategy and budget play a role in the success of a trader but if trading is to get rich quick then I think this plan will be very difficult to achieve.

Futures trading may have been widely used by some traders expecting multiple returns so far, but I don't think it's the best option for accelerating wealth. Futures trading is good to consider as long as the trader understands the strategy and is able to analyze price movements, but it's difficult so the risk of loss is much higher than the return.

luck that makes beginners trade and get rich right away. but not necessarily they will survive to become even richer from trading results. therefore the main thing is trading knowledge that will lead us to become rich from trading results, considering that many people misinterpret trading, so what happens is the opposite, not the wealth they get, but the wealth runs out because trading is addictive and destructive psychology and common sense

[Smartprofit]

This is another sadden story again about someone that just supposed not to trade crypto and meme stocks. Trading and investment is not a get rich quick. Meme stocks trading is like gambling. Coins like bitcoin may be promising, but what if you invested at $50000, bitcoin price now at $30000. Bitcoin will get to all-time-high but not good to use the money that is not yours.

As for trading, not that it is not a get rich quick, but you should use the money that you can afford to lose. The man may wanted to return that money, but crypto and meme stock trading  landed him in prison.

The former chief financial officer of a special purpose acquisition company (SPAC) was sentenced to three years in prison after embezzling $5 million, which he used to trade cryptocurrencies and “meme stocks.“

Read further about it: Ex-CFO who stole $5M to trade crypto and ‘meme stocks’ gets 3 years in prison

I have met such financial directors who believed that the free cash of the company should not be kept in a deposit account, but should be used for high-risk investments (for playing on the Forex market, for buying "junk" bonds, for buying cryptocurrencies).  

At the same time, such financial directors sincerely believed that they were doing a great service to the head of their company.  

However, this is a big mistake.  The goal of any company is to make a profit from entrepreneurial activities.  Even at the stage of creating and registering an organization, the owner of the company chooses the types of entrepreneurial activities that he wants to engage in.  

Ordinary organizations are not created to make investments.  

The employees of such organizations do not have the necessary experience to carry out such activities.  Such activities should be carried out by specialized investment funds.

[Hypnosis00]

There are options when trading can bring profit quickly. But the question is different - can such a result be further. I don't think it's very likely at all.

Perhaps, it was just an assumption because no way we can earn quick profit from trading, maybe you are talking about losing quickly? In fact, experts can never say anything. Well, they might be in a situation they would earn easily because of their experience and market knowledge but for newbies, I'm really sure that it never exist. Maybe if we talk about a simplified way in order to improve our chances to earn more, that was possible.
That is why we never see new traders become rich instantly but honestly, they are in the struggle with how to adjust themselves to the changing behavior of the market and place good trades.

[carlfebz2]

Trading isnt a rich quick scheme or method on making yourself believe that it would be something that would pull you into your current financial status.
Its an opportunity though for you to make some bucks or profits but of course there would be things needed for you to learn first.

I agree about this one because that's how it is. While some traders with big budgets can generate huge returns, it is very difficult to find them among the other pool of traders. Strategy and budget play a role in the success of a trader but if trading is to get rich quick then I think this plan will be very difficult to achieve.

Futures trading may have been widely used by some traders expecting multiple returns so far, but I don't think it's the best option for accelerating wealth. Futures trading is good to consider as long as the trader understands the strategy and is able to analyze price movements, but it's difficult so the risk of loss is much higher than the return.

luck that makes beginners trade and get rich right away. but not necessarily they will survive to become even richer from trading results. therefore the main thing is trading knowledge that will lead us to become rich from trading results, considering that many people misinterpret trading, so what happens is the opposite, not the wealth they get, but the wealth runs out because trading is addictive and destructive psychology and common sense

Luck is part but most of the time it would really be relying on your knowledge and skills for you to be able to sustain up trading and this is something a more realistic approach when you do engage up with trading on first time. Yes, there would really be those initial impressions that it would really be that looking so simple and thinking yourself that you do get this but on the time that you would be experiencing it then you would really be having a taste on how unpredictable this market is. Just like the rest been saying that trading isnt a get rich quick scheme on which you could simply make out money out of those moving prices. There's no way that you could be able to handle out yourself most of the time and would be making out good positioning in towards your buying entry.

You might be able to get 1 or 2 good shots or spots but doesnt mean that it would be lasting up on longer runs. You would be starting to realize when things turns out to be already that challenging or something
that starts on getting much more harder. You would be soon realize that this isnt something that you could be able to take a grasps on a short span of time and does really need that extreme effort
and time allocation for you to have a good hold of it.

[Mr.right85]

There are options when trading can bring profit quickly. But the question is different - can such a result be further. I don't think it's very likely at all.

Options when trading can bring profit quickly? I'll like to know that for real. Trading is about quick profit and loses as well but, most times traders lose more often than they profit.

I just went through a thread minutes ago and the theme was centered on making $100 daily out of a $4k bitcoin capital in some investment, speculatively.
I think that's very much a get rich quick speculation there. Like, how long did it take to gather up this $4k. If that was quick enough, user might have as well stick to the process but, I supposed it took quite some time and that's why the user hopes to get a quick path out of some other investment but, hoping to get so much is always dangerous.

Users might look towards a slow and steady pace, that goes too.

[Dr.Osh]

For me, trading is a slightly different way of working. It should be understood that this option requires the trader to constantly work on his knowledge. It is through knowledge that a trader can regularly improve the results of his work.

well, basically everyone will have a different strategy in trading, and trading is not an easy thing. Many people feel that trading is an easy kind of job and the kind of job that can easily make people rich, but they are wrong. trading might make people get rich quick, but if done greedily and without a strategy, it can become a tool that makes you quickly run out of money.

[kojektea]

Experienced people always say that trading is not for getting rich quickly that is a true fact. Unfortunately, many beginners fall for online mentoring, or influencers who show off their trading wealth and say trading crypto coins is an easy way to earn money. the fact is beginners are more interested in it until they regret the losses because they think they can get rich soon by being in crypto trading.

[Josefjix]

Experienced people always say that trading is not for getting rich quickly that is a true fact. Unfortunately, many beginners fall for online mentoring, or influencers who show off their trading wealth and say trading crypto coins is an easy way to earn money. the fact is beginners are more interested in it until they regret the losses because they think they can get rich soon by being in crypto trading.

Focusing on pro traders and their strategies, will improved our minds and earnings. Experienced traders understand how the market works, but newcomers who are eager to make more money are frequently victims of online scams and ponzi schemes. Trading is not a get rich quick scheme, it's a gradual process and we ought to follow crypto step by step. There are procedures to follow in order to begin earning profits in the space, it do take time but it's very easy once everything within the sector of crypto. Crypto trading is the new advance way to make easy profits.

[Finestream]

The bad message of this story to everyone who will read it is that crime actually pays off - because just three years in prison (is it real prison or probation?) sends a message to everyone else with similar intentions. In the worst case, the "criminal" will be released when he has served 2/3 of his sentence, and maybe even before.

Shall we bet that he will repeat the same thing as soon as he gets another chance?

True. Whatever your intention of doing such crime, it will always end up of coming back to you and make you pay for it.

Trading may be one’s way of making one’s person highly profitable but it won’t happen very quick. You should be a good trader first and learn to trade only on the potential coins that are promising and have higher chances to give huge returns. But trading using steal money will never make you profitable. Instead, it will only endanger your life and put you into your worst situation that at some point, you can’t easily get rid of it.

[DoublerHunter]

Experienced people always say that trading is not for getting rich quickly that is a true fact. Unfortunately, many beginners fall for online mentoring, or influencers who show off their trading wealth and say trading crypto coins is an easy way to earn money. the fact is beginners are more interested in it until they regret the losses because they think they can get rich soon by being in crypto trading.

Focusing on pro traders and their strategies, will improved our minds and earnings. Experienced traders understand how the market works, but newcomers who are eager to make more money are frequently victims of online scams and ponzi schemes. Trading is not a get rich quick scheme, it's a gradual process and we ought to follow crypto step by step. There are procedures to follow in order to begin earning profits in the space, it do take time but it's very easy once everything within the sector of crypto. Crypto trading is the new advance way to make easy profits.

^ That is right and I agree.
Newcomers should know that trading is not a get-rich-quick scheme and that there are many online scams and Ponzi schemes out there that can take advantage of those who are eager to make quick profits. There are many resources available to help newcomers get started in crypto trading, including online courses, forums, mentorship programs online, or even Youtube videos. By taking advantage of these resources and learning from experienced traders, they can develop their skills and increase their chances of success. In short, there is no shortcut in trading.

[carlfebz2]

Experienced people always say that trading is not for getting rich quickly that is a true fact. Unfortunately, many beginners fall for online mentoring, or influencers who show off their trading wealth and say trading crypto coins is an easy way to earn money. the fact is beginners are more interested in it until they regret the losses because they think they can get rich soon by being in crypto trading.

Focusing on pro traders and their strategies, will improved our minds and earnings. Experienced traders understand how the market works, but newcomers who are eager to make more money are frequently victims of online scams and ponzi schemes. Trading is not a get rich quick scheme, it's a gradual process and we ought to follow crypto step by step. There are procedures to follow in order to begin earning profits in the space, it do take time but it's very easy once everything within the sector of crypto. Crypto trading is the new advance way to make easy profits.

^ That is right and I agree.
Newcomers should know that trading is not a get-rich-quick scheme and that there are many online scams and Ponzi schemes out there that can take advantage of those who are eager to make quick profits. There are many resources available to help newcomers get started in crypto trading, including online courses, forums, mentorship programs online, or even Youtube videos. By taking advantage of these resources and learning from experienced traders, they can develop their skills and increase their chances of success. In short, there is no shortcut in trading.

Most newbies wont really be doing or having that DYOR because once their first impression would be minding about easy money then they would really stick into that kind of idea where money making would really be
easy into this field,without even trying to look nor read up into those peoples realtime experiences and dealings about this market and specially with trading which is something that cant really be that so simple to
be handled out.Trading is indeed not a get rich quick but once noob do see those huge percentage gains on neither on facebook or on social media then those kind of initial thoughts and
belief would really be molded out and this is the time that they would really going into this career and dive in without any proper preparation.

Sooner or later they would be able to realize that this market isnt simple as it behaves because volatility would really be your main encounter on this one on which it wouldnt really be that something predictable.
We are all speculators on here and there's no exemption whether you are a pro or a noob. We wouldnt really be able to know on where prices would be going.