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You can become milionaire thanks to crypto, but it will probably take 8 or 10 years.

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by COINS NEWS 108 Views

Some people act like you can become milionaire in crypto overnight by gambling on one random project. Nope, your $100 invested into shitcoin most likely will be rugged, not turned into lifechanging money. If somehow your $100 will turn into $10k just sell, don't be emotional fool.

But also don't be pessimistic loser. Yeah, you lost some money, market is down, coin failed, that doesn't mean you are bad investor or that you don't have chance to become rich. That's how life is. Everyone successful fail multiple times, just most other people don't want to see all that hard work just end results. You may x10 your portfolio and lose almost all of it. Either give up or try again, just be bit smarter. Real investors lost money many times in their career, made bad investing decisions, some went bankrupt, but they never gave up.

To become rich in crypto is not impossible, but it will take most likely 3 bullmarkets to do it. There are 21 millions milionaires in just US. Out of 330 mln people 6% are milionaires. That's actually a lot. And they all had different ways to become rich. The same in crypto, there is no one right way. You may become milionaire on project that will one day fail or even rug, you may become filthy rich when most people will FOMO and lose money on the same project just few months earlier.

Becoming rich in crypto is about instant change. There is no single coin to hold for 10 years and make x1000 profit. You will buy coins, sell them, most of coins you made money from will be long gone in 10 years. That's how it is. Just check daily 1 year ago, some of coins everyone loved back then are gone or down a lot. Some people shilled Luna. And it was actually good coin to buy back then. It also doesn't mean they lost money, they could buy it at $4, sell at $80 and made x20 they reinvested somewhere else. When millions of people lost on the same coin.

Becoming milionaire in crypto is not about one coin, or one big decision, but about tens coins and hundreds decision made during very long time. Millions are made of few k dollars here and there. Small parts of big results.

submitted by /u/Nuewim
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