Quote from: tsaroz on October 19, 2019, 04:22:08 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.

Crypto being a new market is highly volatile and people have used it to make good profits which they would not have made in any other investments. There are many people who lives off the profit from daily fluctuation of the prices of crypto.
But it doesn't mean if someone is profiting from crypto, you can just jump in and make money. Earning profit through crypto is not a piece of cake, you need total dedication towards it and study every of minute events to predict the near and far future.

This past few years and still ongoing, crypto has been one of the most favorite ponzi scheme of scammers as they can easily scam on it, good thing the people now becomes wiser and they prefer trading rather than investing in ICO/IEO as majority of it were actually scams.

For those who has raised fund during ICO and turned out to be scam, then they earned quick money in just a short period of time.