Honestly, the whole idea of getting rich quick through crypto trading feels like it’s fading fast. Not too long ago, tons of people jumped into trading, thinking crypto was their ticket to easy money, but they didn't realize how tough it can really be, especially if you don't know what you're doing. I feel like a lot of folks who were all about striking it rich have dropped out, while a few have actually learned from their mistakes and figured out that success in trading comes from having solid knowledge.
Many of those who once believed in getting rich from crypto trading have lost faith; it seems like the whole perception of trading has shifted. Nowadays, a lot of people see crypto trading as super risky, and it’s not what they thought would help them make money.
In this current trading scene, it looks like the market is welcoming genuine traders who really understand the trading game and are willing to invest their time to learn. People are getting smarter about trading, and those who want in are prepared to go through the necessary steps.
Are you sure about this? I just make a search, Google search showed me this:
This has been the worst that I have seen. It has gotten closer to the percentage of gamblers that are losing money. There is a reason some people are saying trading and gambling are the same thing, even as they are not the same thing.
As far as I can remember, this "crypto is a get rich quick scheme" has been around for so long. It's not limited to trading. ICO, IEO, airdrops, and son. Even if you exclusively discuss trading, most people would tell you that trading is not as easy as it seems. I don't think it has changed or that we have this perception that trading was easy in the past. There has never been a popular mindset that crypto trading is an easy path to get rich. If you find one, I believe it's a minority. At least I've never seen something like that in this forum.
It's true that crypto traders these days are more aware of the risks involved, and are more educated compared to the old ones. But the mindset of every new trader that trading is a get-rich-quick still remained, and that still drives the massive traders nowadays, that's why its not surprising for us why a lot of traders are still experiencing rapid losses rather than learned from the experiences of old traders.
However, there are also few traders who have set their trading plans and goals before entering the real field of trading. They have learned from those past losses and mistakes of early traders, that's why they ensure long-term preparation prior to real market trading.
The difference between crypto trading then and now in 2026 can be said to be very different.
In the past, many people learned how to trade in the crypto market through mentors directly, where one to three months are carefully supervised to carry out trading activities, in short full control, so that many of them are successful in doing so and become rich.
In 2026 I see that is not the case, YouTube, TikTok and other social media become mentors for those doing crypto trading, it doesn't last long as they face losses and lose a lot of money, If the trading pattern is like now, it is clear that it is difficult to achieve success, let alone make a profit.
We are aware, I see how to trade crypto in 2026 as people who have completely lost their original trading concept, they prioritize social media rather than real mentors.
I think in the past when cryptocurrency was still growing, trading cryptocurrency was still strange. So in my view, more people felt they could be rich by investing in altcoins and it was a disappointment because many were scam and exit projects. Losing money then was more on shitcoin investment and not trading. Trading cryptocurrency is not as old as hodling shit coins. Then, mere calculating of the cheap zeros and the imagination of overnight price movement made you feel something like adrenaline rush. I could still hear the vibes of lambo (meaning Lamborghini) in different telegram groups on shit projects because they feel the next move on the shit coins they invested on would be the next big thing but it hardly happened
So some shitcoins never got listed, some locked hodlers out from selling until rug pull and they exited leaving you with imaginery lambo.
Rather, we are having more robotic trading in this era of AI trading and channel groups. Don't be deceived buddy.
Some people were lucky, but there truly came a time that 70% of the ICOs were scam. ICO was what that were trending at the time, that is the kind of things that scammers will go into to scam people and many people were scammed. Trading has also started at the time but there was no derivatives in crypto until 2020. Some people make use of the spot market to trade.
Trading doesn't really mean becoming rich quickly. If someone introduced trading to become quick rich, then yes, they must regret it, especially in the current market situation. Trading should be considered a business; you are buying something and have to sell it on time to take the profits. So I agree that if someone thinks they can make quick money from trading, they have to change their mind first.
Trading isn't an easy task or any easy money-making machine at all. Those who regret trading, either loss or profits, aren't actual traders and have to make the right decision at the right time. Even though we missed the train sometimes, we should wait to get profits. Because the market will recover someday and you will have profits as well.
Knowledge and experience. Two key combos to get ahead of many people in trading. Many people always look for were to cut corners to get their success. Even crime requires time. So the concept or idea that has spread about how to make it quick in anything is absurd. At the end of the day, the market will treat people who feel they can make it over night badly and treat people who take their time to learn the skill with immersful reward. Market only rewards skills and not a guessing mindset.
I see that many traders today still have the wrong mindset, thinking that trading is a way to make money or even get rich in a relatively short time, easier than having to work for decades at a company just to achieve financial freedom.
Trading is one of the hardest jobs in the world, not everyone is cut out to be a trader, but anyone can certainly become an investor. To achieve consistent profits, you need more than just an understanding of trading strategies and risk management, which you can easily learn through social media thanks to todays easy access, but, more importantly, you need experience, this is what will shape you into a profitable trader.
The trading market may look like gambling when no strategies or lessons are applied and it is ignorance of the proper ways to trade that brings a trader to financial ruin in the shortest time and they run back to other jobs because they think trading is hard.
Trading involves losses but not letting these losses get to us emotionally in that it controls our decision henceforth is what differentiates the professional from the novice or wannabe trader.
A good trader must know how to observe the charts, must strive to understand the right process and have deep knowledge and risk management knowledge inclusive, in other to be successful at trading.
I don't think memecoin traders and rug pullers are going to realize that aspect any time soon . They prefer risking and losing more money than they make from it.
You can become rich quickly in crypto or any form of trading, market could favour you at the time you strat your journey and your timing on trading , but large percentage don't encounter such and some that did , still end up losing large portion if not all because they get too confidence early.
In the early days , people believe everyone showing off on the internet trully made it from trading . I know there're genuine ones but the fake ones are higher in number then , not reducing now either, people are just getting more informed .
I don't think that mindset is dying. It's just the timing that we're in and the market is bearish and that's why most of the optimism is gone.
But wait until the market bounces back and goes into bull run once again. And you'd see people telling the others to trade because it might get them rich overnight.
I guess that the conditions of the market is what sets the mindset of everyone right now. Even for investors, they say that this is the best time to buy but many of them are scared of buying in the dip.
Yes, education has improved these days. And that new traders are more aware the higher risk with trading, and if they don't have higher risk tolerance, they won't make it in trading. But I still believe that the scheme of getting rich quick with trading is still very popular these days, especially that there is a huge number of influencers promoting trading and share how they have made a fortune with trading.
Seeing this, its hard to stop traders being greedy. Social media is where everything may develop due to massive number of influencers, that's why we have to be very careful who we decide to follow.
That is probably most of the cases right now because it's a bear market, there are still a lot of traders that is doing it and risking in order to get rich in crypto, they are continuously investing into projects that might get them rich easily and there are some project sometimes where you might get lucky or might get dump by it, we see a lot of suddenly trending tokens that get a 1000% increase in the market and there are people that get lucky to put some on it.
Still we all still believed that crypto trading could make us reach that is why we are all investing on it, but it was just not that prevalent because it's bear market it wasn't easy to say that market was going to skyrocket and im going to be rich in the next coming months because we can all see that the market is dropping rapidly and most of us sell on a lost already losing hope. Also, it's a huge PVP, beginners are obviously gonna get crushed by experienced traders, and they need to obviously do the work if they really want to actually trade. Experienced traders have already been doing it for years.
It's not completely dying but it's more likely cyclical dying.
The cryptocurrency market has its cycle that is very tightly correlated with Bitcoin market cycle that is four-year as consequence of Bitcoin block subsidy halving every four years. All markets, not restricted to cryptocurrency market, are manipulated by market makers who are smart and experienced enough to take advantage of market psychological cycle for their manipulations.
As a result of psychological cycle and its pitfalls, scams appear and disappear that attract people to "Get rich quick" scam scheme repeatedly.
Psychological pitfalls of market cycle.
The market is becoming more mature, and investors and traders are also becoming more mature in order to adapt to market change. However, that does not mean more trader will make a profit.
Because, by its very nature, trading is a game of probabilities with similarities to gambling. So even if people are more serious, knowledgeable and experienced, there is no guarantee they will make a profit.
Many trader would not admit that trading is like gambling, but they clearly have many similarities. That is why the percentage of losing trader has not changed much over the years.
You are generally not allowed to make assumptions concerning the mindset of people because it is called the mindset because it happens in the mind, and you may never really be sure about the mindset someone has regarding trading unless they openly come up to tell you or unless you are that individual. What I mean is that there are people who are very interested in making quick money from trading, but they are disguising their real intention with a smokescreen that they are really interested in learning trading for the long term and not for the quick cash that it can give them. These kinds of people will always be there.
Reality crashed their expectation. The life changing trading that they thought could turn around their life overnight is nothing but a pipedream.
On the bright side, it's good because we get less people losing their money trading on the market with overconfidence and in the next bull they may accumulate and hold instead of trading and wasting their money to market makers.
Even i've been seeing less and less fake crypto traders selling membership and flaunting their lies. But trading is still a good opportunity for side income if you care to learn enough.
There are still people that are delusional but In my opinion I think it has a lot to do with experience, most people that step into the market with the thought of getting rich overnight don't really understand what trading is all about. People who become more aware of the fact that trading isn't a get rich quick scheme are the ones has been able to gain more experience. Trading in 2026 has become more realistic and a lot of people are now being careful about how they go about their trading activities to avoid running into huge losses in the long run.