This is the biggest misconception people bring with themselves while investing in cryptos. I agree that cryptos are volatile and hence, could give higher returns in shorter span unlike other investment assets. But it is an easy an a fast way to lose money as well. Market is so volatile that taking a proper action everytime isn't really easy. So trade wisely.
Yeah, thinking like this will always make people lose their money instead of getting rich. They will think everything would be fine and will always earning profit while scammer ready to cacth their money. people who are fooled by the talk, will no longer pay attention in how big the risk is.
Its possible if you're in the right timing. But I know a few people joining cryptocurrency in just a matter of 3 years they really get rich. This is a matter of right strategy and good timing when to buy and when to sell it.