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Delgboke

Crypto is a get rich Quick?

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The ones who got rich quick are the ones who managed to hodl large amounts of Bitcoins and got to sell them back at around $20,000 per 1 BTC back at 2017. Some of those even bought Bitcoins for a mere few dollars per BTC during the early years of Bitcoin and gained HUGE profits.

 

I think nowadays, there are primarily two options to get rich with cryptocurrencies: collecting crypto coins, hodl, and wait for a bull run would be a passive method; while the more active one is buying and selling crypto coins via exchanges.

Edited by kyoukage01
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New to the Cryptotalk forum? Here's something that might help you get started:

https://cryptotalk.org/topic/24401-forum-tutorials-tips-and-tricks-for-newbies-compilation/

 

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Yes here we do not instantly become rich instantly. all need patience in doing it. I've also thought like that, but after doing all this we have to be patient.

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We think same like you and now we have fact trading/ investment not easy and many people bankrupt because of this. Reality is painful but now I see crypto as alternative income, the main income is off line job. Believe or not that mindset make me can control passion and patient at the same time.

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Cryptocurrency is not the business that's can makees you quickly rich, but it is the place where you have sure to sell and buy crypto anytime

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2 hours ago, Delgboke said:

When I firstly joined cryptocurrency I was coming with a full assurance that am going to make quick money and probably get rich quickly as soon as possible but I discover that it requires time and patience to actually get what I wanted. So what do you think? 

Yea bitcoin is definitely not a get rich quick type of things but most people see it that way because they joined during the 2017 bull run and caught coins going up 4x in few days but this is not the usual thing in crypto market.

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3 hours ago, Delgboke said:

When I firstly joined cryptocurrency I was coming with a full assurance that am going to make quick money and probably get rich quickly as soon as possible but I discover that it requires time and patience to actually get what I wanted. So what do you think? 

I think you need more than patient, you need capital and also you need to be careful in this world, it is not a money free space, it is a money opportunities space.

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I'm sure nearly all crypto end users originally idea that adheres to that, I believe fortitude in addition to exploration is classified as the critical because if definitely not exploration primary shareholders could possibly get jammed into your challenge swindle.

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Hop in a shitcoin before hype even starts (low), wait for the whales to pump it up and create artificial hype through FOMO, sell when bubble hits high (don't be too greedy as you may miss the opportunity), then get your profits.

 

Crypto isn't a get rich quick scheme. That wording applies to a scam that assures you profit, when in reality it's not.

 

Crypto could be considered a more risky type of asset investment, like company shares on stock markets.

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3 minutes ago, Chy944 said:

Crypto market is only for the one who can have enough patience.one who cannot have patience will never succes in this world

That's point, the crypto market is only for those people and those investors who's have the ability of patients and when the have no patients abilities then  crypto market is not form them.

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5 hours ago, Delgboke said:

When I firstly joined cryptocurrency I was coming with a full assurance that am going to make quick money and probably get rich quickly as soon as possible but I discover that it requires time and patience to actually get what I wanted. So what do you think? 

Many people like you come to crypto thinking same thing but  when they entered they knew its not easy.They have to work hard for it .So welcome in crypto learn and earn here .If you want to succeed.

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I think cryptocurrency can't be tool to be quick rich. Also who have 1 BTC in early will not know the price going up today like Mount Everest, they didn't have any rich startegy before.

Cryptocurrency now is like commodity used to process transaction. There is many coin have various feature.

With cryptocurrency you can have more source of income. Because cryptocurrency don't need much time to make profit. But please be careful about lose.

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Please don't spam this forum!

Give me 💙 if my post helpful

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 This is the way it used to be in 2017 so after that year everyone would try to become rich quick using crypto, everyone who came here. There are still suck chances but now it requires much more brain

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5 hours ago, Delgboke said:

When I firstly joined cryptocurrency I was coming with a full assurance that am going to make quick money and probably get rich quickly as soon as possible but I discover that it requires time and patience to actually get what I wanted. So what do you think? 

I too thought  for making decent money, but lost time in Ico's as they become only scam. Crypto is an easiest way to make  money if you have some great knowledge by holding good coins. There are lot of coins that need to be learn and invest in them for a quick profit.

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5 hours ago, Delgboke said:

When I firstly joined cryptocurrency I was coming with a full assurance that am going to make quick money and probably get rich quickly as soon as possible but I discover that it requires time and patience to actually get what I wanted. So what do you think? 

Indeed yes,

we earn crypto money here in cryptotalk but it will not get you rich quickly, you still need to work here in the forum, posting topics/comments/reply will help you earn as long as you stay and stick with the rules of the forum.

do be good here in the forum, in think so.

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In most cases, cryptocurrency is needed in order to make a profit. Yes, most likely the cryptocurrency was created in order to become rich.

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5 hours ago, Delgboke said:

When I firstly joined cryptocurrency I was coming with a full assurance that am going to make quick money and probably get rich quickly as soon as possible but I discover that it requires time and patience to actually get what I wanted. So what do you think? 

I think you are right. It is not as fast as you think. I think you should learn a lot first. And continue learning. Maybe you can have a lot of capital then use it on trading but it is not sure that you can earn a lot. For my point of view there is no easy money. You will have to take time and make effort to earn it. And when you earn the money you desire it will be a good feeling that you can see the fruit of your hard work.

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You can't get rich instantly, you need to work hard and have patience here. It takes time to earn money here in crypto.

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12 hours ago, Delgboke said:

When I firstly joined cryptocurrency I was coming with a full assurance that am going to make quick money and probably get rich quickly as soon as possible but I discover that it requires time and patience to actually get what I wanted. So what do you think? 

Only those with deep pockets can make money quickly by crypto trading because money brings money and big money brings more money! But those of us who have started with low to medium investment should wait longer before the early seeds of profit start to grow little by little. But don't worry because your speed of earning will increase with every successful trade you do and after some months your trade will gain momentum and you make money faster. I suggest you to focus more on trade techniques and try to learn more tips and tricks. Don't count your profits and stop doing calculations about how much you have earned all the time. This kind of thoughts makes your brain busy and hinders your progress. Let your mind be at peace and only concentrate on steady and sustainable profit.

 

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12 hours ago, Delgboke said:

When I firstly joined cryptocurrency I was coming with a full assurance that is going to make quick money and probably get rich quickly as soon as possible but I discover that it requires time and patience to actually get what I wanted. So what do you think? 

You are right becoming a crypto millionaire takes time and luck because if you are lucky you can be a millionaire in one night but it rarely happens to anyone only to the lucky guys.

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I think that you are right, many people think that in the world of cryptocurrency you can quickly earn a lot of money, but how wrong they are..

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It’s true crypto is a get rich quick but remember crypto also get quick poor.

Crypto market highly risky that's why many people ignore crypto market.

I think if you have good knowledge about crypto market you should gain quick profit in this market.    

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yes I used to think like that, I think all newbies when first discovered cryptocurrency also thought that way. And after learning a few things they will know that they can get rich quickly but have a very high risk

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In order to earn in cryptocurrency you need to have a lot of doors as well as the skills you need to get the money you want as soon as you can, but if you do not work here you can face a lot of losses, so be skillful first. Then you will be able to own a lot of money

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Technical analysis tools are clearly devoid of such disagreements. Therefore, all 100% of trend indicators and oscillators on D1 point north, with 20% of the latter already in the overbought zone. It should be noted that while the green/north color of indicators regarding the British pound indicates its strengthening, in relation to the yen, it signals its weakening. Therefore, we advise paying attention to the GBP/JPY pair, whose dynamics have been very impressive lately.   The nearest support level is around 156.25, followed by zones and levels of 155.25-155.45, 154.60, 153.60-153.90, 153.00-153.15, 151.85-152.35, 150.80-151.00, 149.70-150.00, 148.40, 147.30-147.60, and 146.50. The nearest resistance is in the zone of 157.20, followed by 157.80-158.00, 158.45, 159.40, and 160.20-160.30.   From the events of the upcoming week, we recommend noting the speech of the Bank of Japan Governor Kazuo Ueda on Monday, 27 May, as well as the publication of consumer inflation (CPI) data in the Tokyo region on Friday, 31 May.   CRYPTOCURRENCIES: A Week Under the Ethereum Flag     In 2024, the crypto community began gradually forgetting the term "crypto winter." However, there was no talk of a "crypto spring" either. After the halving on 12 April, in the absence of a bull rally, small traders and speculators began selling off their coin reserves. According to The Block Research, the rate of opening new BTC wallets fell to a six-year low. However, the whales buying digital gold for the future prevented a complete collapse in prices. And finally, at the end of the calendar spring, it seems spring has come to the crypto market. And it was awakened by the Federal Reserve System (Fed) of the USA with its monetary policy. According to analysts, the surge in investments in digital assets was a response to the May consumer inflation (CPI) report in the US, which positively impacted the risk appetites of institutional investors.   According to CoinShares, investments in crypto funds increased by $932 million from 13 to 17 May, after an inflow of $130 million the previous week. For the first time, there was an inflow of $18 million into Grayscale's ETF. This sharp increase in BTC-ETF investments, the highest in the last nine weeks, triggered a sharp rise in bitcoin on 20-21 May, approaching $72,000 for the first time since 09 April.   After bitcoin rose above $71,000, its price updated historical highs in the local currencies of several Asian and South American countries. According to CoinMarketCap, in Japan, BTC reached a record level of 11.2 million yen at the start of trading on 21 May. This is the first case where the flagship asset's price exceeded 11 million yen. Digital gold prices also peaked in Argentina, where the leading cryptocurrency reached 63.8 million Argentine pesos, slightly above the maximum on 14 March.   In the Philippines, one bitcoin briefly rose to 4.18 million pesos, the highest since mid-March 2024. In several other countries, BTC prices also equalled or were very close to mid-March's maximum prices: in the UK, Australia, Canada, Chile, Colombia, Egypt, Israel, Norway, India, South Korea, Taiwan, and Turkey.   However, the Fed and American macro statistics, having awakened the markets, also calmed them. After strong business activity data in the US, BTC/USD returned to the support zone of $67,000. Another (and probably the main) reason why bitcoin could not update its historical high was its main competitor, ethereum, which drew investors' attention. (More on this below).   QCP Capital expects bitcoin to reach $74,000 and update its ATH (All-Time High) in the coming months. According to the company's economists, institutional acceptance of cryptocurrency is accelerating, and improving conditions in the global economy create conditions for capital inflows into risky assets. The US presidential election, scheduled for 5 November 2024, is also starting to have a strong positive impact on the cryptocurrency market.   Cryptocurrency themes continue to strengthen in the pre-election rhetoric of candidates seeking to gain the votes of the crypto community, which, according to NYDIG, numbers more than 46 million citizens in the US, or 22% of the adult population. Haseeb Qureshi, Managing Partner of Dragonfly Capital, believes that in such a situation, the administration of President Joseph Biden will soon be forced to ease its policy regarding the digital asset industry. A complete turnaround is not to be expected, but a softening of the position will still occur, Qureshi said.   CNN has recently reported on upcoming debates between Biden and his competitor, Donald Trump. The incumbent president will have to answer a number of uncomfortable questions about the harsh policy towards the crypto industry, which led to the outflow of cryptocurrency capital, the closure of large companies, and high-profile lawsuits. From Donald Trump, who turned the topic of cryptocurrency into a weapon against his opponent, in addition to attacks for the current state of affairs, loud pre-election promises can be expected, which could lead to significant volatility in the crypto market. Possible participation of Elon Musk, who expressed willingness to become a moderator, and independent candidate Robert Kennedy Jr., should enliven the debates, the first round of which is scheduled for 27 June, and the second for 10 September.   The main beneficiary of the past week was not bitcoin but ethereum. On Monday, 20 May, news reached the media that the US Securities and Exchange Commission (SEC) asked companies to update Form 19b-4 in applications for launching spot Ethereum ETFs in an accelerated manner. After these news, the financial agency Bloomberg immediately raised the chances of such funds being approved from 25% to 75%. Against this background, the leading altcoin quickly outpaced the flagship cryptocurrency in terms of growth rates.   The deadline for the first two applications from VanEck and Grayscale was Thursday, 23 May. Shortly before the X hour, ETH/USD reached $3,947, showing a growth of almost 30% in three days. According to Coinglass, the amount of liquidations and forced closures of short positions on crypto exchanges amounted to $340 million. A total of 78.8 thousand positions were liquidated, and the largest individual liquidation occurred on the HTX exchange for the ETH/USDT pair for $3.1 million.   The SEC did not disappoint expectations and on 23 May approved not two but a total of eight applications for the issuance of spot ETFs based on Ethereum and gave the go-ahead for trading and listing these funds on exchanges. According to Variant Investments Chief Legal Officer Jake Chervinsky, this step signals a "significant shift in US crypto policy, possibly more important than the ETFs themselves." This may also mean that recognizing ethereum as a commodity, the regulator will not categorize many other altcoins as securities. According to Rekt Capital, the market is already on the verge of an altcoin rally, the peak of which is expected in July.   Experts expect significant capital inflows after the listing of ETH-ETFs and believe that billions of dollars will be invested in derivatives in the first week after trading starts. Analysts from QCP Capital believe that the altcoin rate in the short term can rise to $4,000 and exceed $5,000 by the end of the year.   An even bolder forecast is given by Standard Chartered Bank economists. They expect capital inflows into such funds in the first year to range from $15 to $45 billion (2-9 million ETH). In this case, the fund's demand will lead to the asset's rate rising to $8,000 at a bitcoin rate of $150,000. Moreover, if market dynamics are positive, by 2025, the price of Ethereum will reach $14,000, and bitcoin's rate will increase to $200,000.   As of the evening of Friday, 24 May, BTC/USD is trading at $69,900, and ETH/USD at $3,735. The absence of an immediate pump and some drawdown of this pair on 23-24 May can be explained by the fact that everyone who wanted to has already managed to buy ethereums ahead of the SEC's historic decision. The total cryptocurrency market capitalization is $2.55 trillion ($2.42 trillion a week ago). The Bitcoin Fear & Greed Index (Crypto Fear & Greed Index) has not changed and remains in the Greed zone at 74 points.   And in conclusion of the review, forecasts from Artificial Intelligence. The latest version of GPT-4o from OpenAI believes that the price of bitcoin on 1 August 2024 will be in the range of $76,348 to $89,108 "considering current market factors and historical trends." GPT-4o's competitor, the anthropic AI model Claude 3 Opus, has formed an even more optimistic vision, designating the range between $105,072 and $167,808 by the indicated date. NordFX Analytical Group   Notice: These materials are not investment recommendations or guidelines for working in financial markets and are intended for informational purposes only. Trading in financial markets is risky and can result in a complete loss of deposited funds.   #eurusd #gbpusd #usdjpy #btcusd #ethusd #ltcusd #xrpusd #forex #forex_example #signals #cryptocurrencies #bitcoin #stock_market   https://nordfx.com/ 
    • Там то и тыкать не особо нужно, включил и пускай фармит. Это в других тапалках (и то не во всех) нужно каждый раз тыкать, тут почти пассив 😉
    • Полиция Южной Кореи раскрыла крупную группу криптомошенников   Южнокорейские полицейские арестовали 19 человек, которые выступали участниками мошеннической группы, действующей в социальных сетях. По данным властей, задержанные управляли открытым чатом, через который обманули сотни криптовалютных инвесторов.   Изначально мошенники предлагали пользователям чата законные способы вложений в цифровые активы, используя их некоторые инвесторы даже смогли получить прибыль. Такие действия преступников должны были усыпить бдительность, чтобы в дальнейшем люди без раздумий инвестировали в незарегистрированные криптовалюты. Когда инвесторы поняли, что их обманули, они потребовали вернуть деньги, но мошенники к тому времени уже заблокировали доступ к чату.   В результате расследования правоохранители выяснили, что в сети мошенников попали 308 человек, которые в общей сложности лишились примерно $19 млн.   По данным полицейского управления Южной Кореи, ещё как минимум шесть преступников находятся на свободе, скрываясь в других странах. Интерпол уже получил «красные уведомления», предписывающие арестовать их. Все участники мошеннического чата были завербованы главарём, чьё имя пока не раскрывается. Он помогал им незаконно въезжать в страну, а затем забирал у этих людей паспорта и мобильные телефоны, чтобы принудить к сотрудничеству. Источник - https://ru.investing.com/news/cryptocurrency-news/article-2425428
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