Trading not a get rich quick

[lienfaye]

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.

There's nothing wrong if you want to take risk and see if there's a good result to gain huge. However what's not right is to steal money because of your eagerness to invest in crypto and worse is he chose meme coins that we all know a quite risky investment.

It's really a lesson for many of us to not try to invest if you don't have idea of what you are getting into. Committing a crime just to invest has a punishment and you can't get away with it. So think carefully because it is still worth it to use your own money regardless of the result because you gained experience and additional knowledge through it.

[Rigon]

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

Trading is a risky business it must be pursued by all. Those who find trading platforms easy I would say have not yet received a good education about trading. Greed and passion are the best among the few principles of trading platforms. Those who came here for more greed are destroyed from here. Especially the person you quoted here was trading Meme Coin with a 5 million dollar loan. Later he must have lost from meme coin. The person you quoted made a mistake in the first place because he started trading with a loan on a trading platform and secondly started trading in meme coins. So because of his mistake he is now damaged and jailed. Everyone should learn from this so that no one gets into such trouble.

[adzino]

Of course it isn't a get rich scheme. Anyone that thinks that they can get rich trading, are in for a huge disappointment. You need to know the market well before you start trading. You need to be patient when trading. You should know about all the risks involved. There are chances you will end up losing everything. But sadly there are people that think trading is a job that everyone can do and get rich overnight. Wouldn't blame them. We should be blaming the media more because on how they focus on stories where people get rich real quick by trading some shitcoins. People don't realize that they got lucky and most of them ended up losing everything.

[rojan]

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.

Many people have gained a lot of money by trading and many people have lost all their money due to wrong decision trading and now they are very depressed. I think trading with your own thoughts by choosing the right time to trade and taking advice from experienced people can lead to many ties.  It will be good. Sometimes there is a possibility of loss due to wrong decisions. But if one thinks that they will own a lot of money by trading it will be very foolish. It is very good to earn money slowly by trading and if one wants to become a big man by trading.  Then he will lose the money.

[ItsCrafty]

Of course it isn't a get rich scheme. Anyone that thinks that they can get rich trading, are in for a huge disappointment. You need to know the market well before you start trading. You need to be patient when trading. You should know about all the risks involved. There are chances you will end up losing everything. But sadly there are people that think trading is a job that everyone can do and get rich overnight.

Of course, the cryptocurrency market can be a great platform to earn profits.As far as crypto coins are concerned, there are multiple coins in the market that can give you the best return.Investment is easier than trading here you just have to invest in good and top market cryptocurrencies and keep it with you for long time.

Each type of market has its own requirements that you will have to follow.Trading is definitely difficult but not impossible.If you trade in the crypto market after gaining complete knowledge and experience, you will definitely get opportunities to earn good profits.Without experience and knowledge, if you venture into any business, your risk of loss will be high.This cannot be limited to the cryptocurrency market.

[Jody.Drummer]

Of course it isn't a get rich scheme. Anyone that thinks that they can get rich trading, are in for a huge disappointment. You need to know the market well before you start trading. You need to be patient when trading. You should know about all the risks involved. There are chances you will end up losing everything. But sadly there are people that think trading is a job that everyone can do and get rich overnight. Wouldn't blame them. We should be blaming the media more because on how they focus on stories where people get rich real quick by trading some shitcoins. People don't realize that they got lucky and most of them ended up losing everything.

I agree with you, that one of the reasons why some people think that by trading they will get rich quick is they see people or influencers or the media who show that trading is easy. We can't blame people who think like that because basically they are not educated about trading. For example, what are the risks they will get when trading or other things related to losses. But now the facts that are happening in the field are not the case, they only provide content when they benefit without providing balanced viewing when they experience losses. Those who show when they are profitable because they want to attract newbies, in a sense the profit is only on their side.

[Aikidoka]

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.

It's true that becoming rich through trading requires a  lot of time and patience, It's not something that can be achieved quickly or easily. Unfortunately, as you said there are many online guides that make false promises, such as "how to make $100 in trading in xx time" or "how to make a 200% profit in just a few hours." These guides are often scams, and their primary goal is to take your money. It's important to be cautious and skeptical of such claims and to do your own research before investing your money in any trading strategy.

I feel like it's okay to seek out guides and information when it comes to trading, but it's important to exercise caution and avoid putting your money into any shady strategies or giving your money to someone who claims they will trade on your behalf and guarantee a return.

If you want to learn the basic of trading just start from the beginning and climb slowly and everyday you'll learn more and more till you'll be an expert and then you'll understand how foolish people who follow influencers online.

[MiF]

Well in this kind of market condition nobody could get rich in a short period of time, because the market is really not the same as what it is back in the year 2017,i remember during year 2017 cryptocurrency that time is very amazing you can earn even by joining a bounty campaign  unlike today we cannot earn in a very quick way we really need patience this time to hold for good.

[Mahanton]

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

Trading is a risky business it must be pursued by all. Those who find trading platforms easy I would say have not yet received a good education about trading. Greed and passion are the best among the few principles of trading platforms. Those who came here for more greed are destroyed from here. Especially the person you quoted here was trading Meme Coin with a 5 million dollar loan. Later he must have lost from meme coin. The person you quoted made a mistake in the first place because he started trading with a loan on a trading platform and secondly started trading in meme coins. So because of his mistake he is now damaged and jailed. Everyone should learn from this so that no one gets into such trouble.

A very normal kind of approach when you do have these kind of insights in regarding about trading which you do believe that this might be an easy way for you to make yourself getting rich but on the time that reality
would be slapping into your face then this is where you would say that it isnt really easy it sounds or looks on the time that you do able to have that actual dealing and experience to it. It is really just normal that noobs would really be having this kind of initial impression when they do see about trading because they do usually be seeing into social media about some users or traders who do post up their profitable
trades and on the time that they do able to see it, then this is where they would be having on their mind that its really just that easy.

Mistakes or errors are really that common specially when you are completely newbie into this field. You cant really just that make yourself deal up without having that proper preparation because this isnt how this
market acts or behaves. You would be needing to put up sufficient time and effort for you to make out some good grasps into trading which it wouldnt really be involving that a short time
but rather a very long one.

[RealMalatesta]

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.

I think that is the risk they are taking with their life as much as with others money as well. Because when they do something this silly, as we can see from the example they could get jailed as well. The best thing to do with money is to buy bitcoin at this moment but if it is someone else's money I would not be able to put it in anything, maybe like bank interest or just treasury bonds as well. Sure you are going to be beaten by the inflation but at least you are not going to lose anyone's money, that would be a lot worse.

What if I risk it and get something even small risk, like buying gold, and then it ends up going down? Or like some huge amount of gold is figured out? I do not want to be part of that and I rather just focus on what I can trust, something guaranteed.

[RewFrew]

Yes you told absolutely right. Trading not a get rich quick. If anyone want to get rich quickly by trading i think it will be great mistake for him. Trade has two side one is profit and another is loss. You have to ready for both. You have to wait for Better moments. When you get proper time you have to trade. Then you will get the chance to be a rich man. Otherwise you will be losser. So i will tell you to avoid to thinking for rich by trading within short time.

[Xampeuu]

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.

I think that is the risk they are taking with their life as much as with others money as well. Because when they do something this silly, as we can see from the example they could get jailed as well. The best thing to do with money is to buy bitcoin at this moment but if it is someone else's money I would not be able to put it in anything, maybe like bank interest or just treasury bonds as well. Sure you are going to be beaten by the inflation but at least you are not going to lose anyone's money, that would be a lot worse.

What if I risk it and get something even small risk, like buying gold, and then it ends up going down? Or like some huge amount of gold is figured out? I do not want to be part of that and I rather just focus on what I can trust, something guaranteed.

In the profit grouping company will also influence to determine the next step. it's the same as after we get a profit, some of it is called pocket money, it can be allocated to a new line of business, maybe we don't really understand it yet but have the courage to run it, because this is like pocket money, after it's for snacks it will disappear, while the allocation to a new field this is also the same in principle, where if it doesn't work it's okay, but if it works then we will get a new source of income, so there is one business allocation that can be said to be running without any specific calculations, because in its nature it is burning money

[irhact]

Yes you told absolutely right. Trading not a get rich quick. If anyone want to get rich quickly by trading i think it will be great mistake for him. Trade has two side one is profit and another is loss. You have to ready for both. You have to wait for Better moments. When you get proper time you have to trade. Then you will get the chance to be a rich man. Otherwise you will be losser. So i will tell you to avoid to thinking for rich by trading within short time.

Gambling is the only way to get rich quick but you can also lose all your money very fast as well. Trading is different, to make money from trading you have to dedicate time to learn and practice therefore it isn't a get rich quick thing to do. If you consider trading as getting rich quick and gamble with your trade, you'll lose horribly, others have tired and it doesn't work that way.

Trading can be very profiting for you when you learn how to trade rightly. You might make as more money as you wanted when you take out the mindset of quick riches but dedicate your time to learning how to trade properly. All professional traders has dedicated time in the past.

[Rockstarguy]

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.

I don't blame beginners having the mindset that trading can make them to become rich, most of the experience trader don't tell beginners what they are suppose to know.  Experience traders only talk about things concerning trading that will attract beginners to their content that will be benefit to them. Most beginners later learn from their own experience by realising trading does not make one to become rich quick. I had the mindset of becoming rich in trading as a beginner but my experience thought me the reality of trading.

[LastKiss]

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.

I don't blame beginners having the mindset that trading can make them to become rich, most of the experience trader don't tell beginners what they are suppose to know.  Experience traders only talk about things concerning trading that will attract beginners to their content that will be benefit to them. Most beginners later learn from their own experience by realising trading does not make one to become rich quick. I had the mindset of becoming rich in trading as a beginner but my experience thought me the reality of trading.

More like an experienced scammer to me since a lot of people out there promoting something that will benefit themself rather than guiding new people for trading. Everyone looking for new opportunities in this crypto market that's why not wondering many people thinking about becoming rich in trading crypto but we should able to control our greed since our greediness will turn our profit become losses in a short time.

[Fivestar4everMVP]

The fact remains that, In a financial market, there will always be losers and winners, in what ever coin or token we decide to trade, there will always some people who would win and some people who would loss, be it an original crypto currencies like bitcoin, Ethereum, bnb, Renec, etc which are coins with great utility, or meme coins like doge, Shiba, pepe, floki and so on.

 And I think the irony of the who thing is that, even the so called meme coins have made so many millionaires over night, or should I say, in the shortest period of time, so let's just say that trading or investing in meme coins is a gamble, and the man in the story is just too unlucky, and the biggest mistake he also made is not using his own money, but rather embezzling money belonging to his place of work, to the ton of $5 million dollars, shows this man is also very bad at money management.

[LUCKMCFLY]

Many people who always have the thought that things with trading will improve and that from one day to the next or in a matter of weeks they will be rich is the worst lie they can also get, also a person who does not have a high financial education can lose much faster, there are occasions where the novices simply make a tag as if it were a bet and yes, they win, but they win by luck, this is something that should not be, because that luck can end at any time and it can stay with nothing, I have seen sad Cases where that happens to many.

[Dr.Bitcoin_Strange]

Well in this kind of market condition nobody could get rich in a short period of time, because the market is really not the same as what it is back in the year 2017,i remember during year 2017 cryptocurrency that time is very amazing you can earn even by joining a bounty campaign  unlike today we cannot earn in a very quick way we really need patience this time to hold for good.

Crypto trading, or to be specific, Bitcoin trading, is different from joining bounties to earn crypto. Although I understand your point, but in this case, OP is talking about investing in Bitcoin and also trading, some people might not be making profits now for those who bought when the price was a bit high, but those who bought at a very low price will still be in profit at the moment, and when talking about trading Bitcoin, it doesn't really affect the crypto trader or Bitcoin traders. The market situation doesn't affect trader because even during a bear or bull market, crypto traders are still making profit. It's just that crypto trading will not make you earn fast and become rich so quickly; it's still a gradual process, just like buying Bitcoin and holding till a bull market, and one can sell and wait for another bear market so they can invest again and wait for a bull market. All are gradual processes, and anyone who thinks the market is so down now can use the opportunity to DCA BTC.

[Gladitorcomeback]

Many people who always have the thought that things with trading will improve and that from one day to the next or in a matter of weeks they will be rich is the worst lie they can also get, also a person who does not have a high financial education can lose much faster, there are occasions where the novices simply make a tag as if it were a bet and yes, they win, but they win by luck, this is something that should not be, because that luck can end at any time and it can stay with nothing, I have seen sad Cases where that happens to many.

I think traders become mature now and the idea of becoming rich in week is getting less and less. Now only memecoin buyers have this idea and lost so much also in this. Bitcoin traders know that but it's price will not rise high in week and they also also know that for getting 2x profit they have to wait atleast year or more. Trading can be results in win or loss but the most important things to rake care is coins you investing risk management and money management. if these things be cared k think making profit for any traders will not be difficult.

[Wiwo]

Many people who always have the thought that things with trading will improve and that from one day to the next or in a matter of weeks they will be rich is the worst lie they can also get, also a person who does not have a high financial education can lose much faster, there are occasions where the novices simply make a tag as if it were a bet and yes, they win, but they win by luck, this is something that should not be because that luck can end at any time and it can stay with nothing, I have seen sad Cases where that happens to many.

So many of those who have that line of thought are being frustrated out of trading when they put in all that they got in an attempt to make quick money since they have the mentality that trading is a means to get rich quickly and that is far from being the truth.

There is not much difference between trading and gambling,  since both are of high risk and not a means to make a steady income so trading can't be taken as a business or investment but a gamble since the outcome of the trade is unknown to the traders and only events in the price of the coin that is being traded is what matters.