Crypto is a get rich Quick?

[Amirul Islam 382]

On 12/11/2019 at 8:50 AM, 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 also agree with that. Because I saw many young people get millionaire after first bull run in 2017. Now I believe that we can be rich quickly through crypto. Here we can generate maximum income.

[Karani 99]

While some view crypto as a road to instant riches, there are several arguments that dispute this claim. First off, cryptocurrencies like Bitcoin are scarce. As such, you can’t produce them as you will, therefore preserving their values. Instead of expecting overnight wealth, take cryptocurrency as a source of financial freedom.

[TheHex 1]

No. I think the thinking are not true. Its it possible then everyone can be rech quickly.       

[palalu 512]

On 2/9/2020 at 7:33 PM, Jatau said:

largely of the group appraise to labor in this forum and they earn money. 
 

Yep and I hope that posting in this forum is not their regular job, because they can get a lot of money in other ways.

[Goody28 259]

On 12/11/2019 at 3:50 AM, 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? 

Dear mate you are so right about this I was having the same thoughts too I was thinking crypto can make you rich easily and quickly but upon reaching my perspective changed I found that that we can actually be successful if we have patience I now know that getting rich here in crypto is a gradual process

[whymeidontknow 676]

As luck would have it, some come to the world of cryptocurrencies and earn more than $ 50,000 in one year, and some do not earn this figure in 3-4 years in the world of cryptocurrencies.

[kyoukage01 3181]

18 hours ago, Amjad Hussain sabir said:

You do not include time tasks outside of life without having to find work again? Consider only the exact people who have earned bitcoin 5-6 in the past or possibly multiple coins including XRP as soon as it was within 1 dollar. Because the income from cryptocurrencies is not enough, we still need to go and find a real job where we can make steady money. Cryptocurrencies are only good for extra income, not the main source of income.

I left the other options on purpose 😄 . I did said "primarily; I didn't said "the only".

 

Still, the lucky ones who got hooked to Bitcoins during its early days and got rich when prices shot to the moon now has a main source of income thanks to it. They might have set up their own business or saved it in banks and lived off of its interests or whatever. Amazing how a few dollars' worth of Bitcoins they bought netted them with thousands of dollar's worth of returns.

 

Our chances of getting rich that quick today? It is unlikely that it will be as drastic as the pioneers got to be. Getting rich is still possible, but only of you invest big enough, invest wisely, and has invested a LOT of patience into it too.

 

If a person does not have quite a sizable amount of capital to invest thousands of dollars' worth of crypto, of course he/she is bound to have some real-life job out there. There are cases where a person earns income in crypto that exceeds what he/she earns in his/her real-life job that he/she ends up quitting to go full-time with crypto, but this is best talked about in another discussion. I think there is another thread in the forum about it.

 

[aniksh001 40]

Making money fast is just a dream , And reality is different .

Even in crypto we have to work hard in order to earn a single penny . Nothing is free in this world 

[SuperCrypto 7193]

There are those who are lucky enough to invest some money in bitcoin early, so their money doubled and became rich thanks to him, and there are those who missed the opportunity and even tasted the bitterness of investing in the wrong time.

[avatarkiyoshi 270]

Don't expect too much in cryptocurrency earning, it's need a lot experience and time to fully understanding.

The advantage of earning cryptocurrency that the volatile, instead it can be a disadvantage too.

[kadayakito 765]

Well, that is a wrong thought and I realize that a lot of people have such thoughts when they start or intend to come to cryptocurrency. In fact, cryptocurrencies are not divine so they can not get rich quick, it needs knowledge and process

[aniksh001 40]

Crypto is not something that can make us rich without any effort . We have to have a good knowledge of crypto currency in order to make good profit . Also there  are people who already lost a lot because their lack of knowledge .

[Junaid ashraf 67]

Yes you absolutely right when i hear about crypto currency it seems to be very easy task for me and i think that it is the best way to get quick rich but with the passage of time i get to know that it not so easy it requires good time and patience but now i am full confident that i can do it and i am doing work on it. Instead of earning from here i also learn many things from this forum which proves to be very useful for me.

[Beromnia 733]

On 12/11/2019 at 3:50 AM, 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? 

Welcome with me
Everyone, when reading about coding, meets phrases that confirm the abundant and quick profit
When we enter the field, these ideas fade, we discover the difficulty of obtaining $ 1 of encryption
Working for a long time is the way to get rich with encryption, without wasting opportunities

[Kantaro17 29]

No, cryptocurrencies will not make you rich immediately. But you must gradually invest and earn and reinvest and so on until you reach the point of having a stable capital where you can invest larger amounts with more intelligence to always win. It all depends on knowing how to take advantage of the opportunities.

[Zero001 59]

I just want to set things straight. don't always think that crypto is a fast way to get rich, because all of that requires a process, hard work, and strategy. however crypto can also be a big risk for you. quite a lot of people have become rich because of crypto, but many people have become poor because of their greed and nature of thinking that crypto is an easy and fast way to make money. however, always use a plan and be careful about this.

[Junaid ashraf 67]

Yeah this is the perfect way of getting quick rich. Now a days i think there are two methods of earning on crypto currency one of them is that collecting crypto coins and the second is to buying and selling of bitcoins through exchange and trading.

[hamo86 214]

we all that man my friend , when i start trading i thought i can buy a new car in just 3 month and i was planing to that as it would happen 100% , and i start to gain some money and put all my money in new trading order and so on 
until i lost in one order more than 30% of my whole capital so , i was angry and entered another one to recover my loss quickly , guise what I lost again and again 
so i learned to not trade emotionally again 

[Eity45 6]

I think crypto currency can't be tool to be quick rich.Crypto currency now is like commodity used to process transaction. There is many coin have various feature.

[Nab 263]

i don´t think that crypto can make you rich but you can have some profits that will help you pay for some expenses,depending on your investments and specially how much you are willing to do in trading or scalping.

[Tuhin1133 0]

In my opinion the cruptocurrency is best way to income in every people and the most best site off the world in cryptocurunccy always good I like very cryptocurunccy

[akmal1984 103]

10 minutes ago, paulclark said:

I suppose nowadays, there are ordinarily two options to get rich with cryptocurrencies: gathering crypto coins, hodl, and watch for a bull run could be a passive technique; while the more energetic one is buying and selling crypto coins via exchanges..

Is gambling not one of the ways to get rich through crypto? indeed most of the people who are in gambling end up losing. however, crypto gambling is a little unique and different.

[Sumayya 493]

5 hours ago, mbaman80 said:

I don't see it as such because you have to earn every penny which is why it is not a get rich quick scheme. There is no where you would just earn free money without any effort 

You have to put so much effort for you to earn, but if you know your ways in crypto that can make you rich.

[Fadimah 191]

I won't say get rich really quick. You have to learn first, read books, watch tutorials, study and monitor. At first, it might be a bit hard and when you start to know it all, it will become easy and that is when you start making your money from trading skills and investments.

[Man 741]

I used to think crypto was not a place to get rich, what I only thought was a place to make money. That's what I thought, and sure enough. Many ways that I get to make money. With that we might be able to become rich.