Quote from: Masyudhi on October 01, 2019, 12:54:44 PM

Quote from: Senar Gitar on September 25, 2019, 08:17:16 AM

Is crypto included in the ponzi scheme to get rich quickly?
in most cases I have observed why people rush to get short profits, this is not a good way. I mean the decisions they make are not based on common sense.

This is not what you think, if you think that crypto can become rich overnight, you don't need to bother avoiding investment risks. You only need to focus on crypto investments that you think can make you rich.

but unfortunately the market says it's different, there is no way to get quick profits & all you have to do is how you can survive in this market. between a fixed choice with the same option or switch with another option.

I don't think it's the same as the ponzi scheme. Cryptocurrency is unpredictable, and getting quick profits is not an easy thing to do in cryptocurrency. There is no such thing as getting rich quickly, we must be smart in making decisions when there are opportunities to be able to benefit and of course with the hard work we do to be able to find opportunities that will be able to generate profits.

Some people believed that in 2017 when bitcoin attained ATH of $20K a lot of hodlers who invested in it years back became instant millionaires thus many newbies thinks that cryptocurrencies is a get rich quick scheme judging it with how btc pumped, however forgetting the fact it is unpredictable as you rightly said I will rather stick to making a short profit with a small risk thus take my profit and start all over again rather than taking a risk that is beyond my control.