Topic: Why most beginners so much believe bitcoin can make rich - page 3. (Read 605 times)

There are many reasons they can acted upon base on what they have heard other people talked about bitcoin, now on the internet, bitcoin is the most trending brand name people were seeking to learn or know about, some have also shared with them how their lives have been changed and renewed with bitcoin Investments they have made in the past, these and many more are what other people got motivated about in seeking their own opportunity also in making money.

Bitcoin investment is a better investment that will make you rich if he favors you and you leave it for long term but he won't be so easily to make you rich faster you need to be patient and believe in yourself that you will make profit and become rich in your investment, because everyone invests to make huge profits in bitcoin, no one wants to lose in their investment journey but definitely sometimes the market won't go well and we may likely lose on it, Beginners have seen many individuals successful in crypto and assume that if they invest, they would be rich like them. They do not realize that being rich is not easy and that you will encounter many problems before you can succeed in your investment.

I think that many people who propose bitcoin investment to newcomers only tell them about the favorable outcomes, leading them to believe that if they invest in it, they will never lose money They will just believe they will benefit at any time and become wealthy soon, which will never be realistic. I believe this is why many beginners believe bitcoin would make them wealthy; they do not realize they will encounter numerous hurdles before reaching their objectives.

The major issue is the way the whole rain of positivity is spread about how people can make lots of profits in a split of a second and this trend has made so many naive newbie venture into Bitcoin without properly knowing the real truth that's behind the concept of making it through Bitcoin. It's true that one can make lots of profits through Bitcoin but all this doesn't happen overnight as it's needs proper planning and understanding before one can make it.

If you are Bitcoin whale, Bitcoin can make you rich. The obvious truth is that the more Bitcoin you get the richer you become. Getting rich through Bitcoin is not an overnight achievement. Newbies who invest in Bitcoin have a skill that is worthy of multiplying your bitcoins like - bitcoin trading, Bitcoin lending, gambling with Bitcoin, and others. I highly recommend that you already have some level of expertise in these areas before you make think about going into it.

In general, investment is all about Risk because you might gain or lose in order to make up your mind by putting what you got into it patience is needed. well as a beginner you have to go through a lot about Bitcoin learn much about it as more as you can. And I do believe Bitcoin can make one rich since it has and still on more people are making millions in it. To be sincere it's not a fast money making as you think.

Bitcoin investment is not a get Rich quick scheme, and I think people always have that mindset of becoming super rich if they invest on bitcoin. And I think the cause of that is misinformation.
I think if information about a business plan is been introduced,  there is need for proper research before venturing into it.

Success is not achieved on a platter of gold. There is a tendency to work smart to aquire success. The problem most newbies face, is by expecting quick gain from investment, becoause they feel like people who are bitcoin investors are super rich. And probably anybody who adventure into Bitcoin will be as rich as the old investors no mater the time of entry. Why some feel that they have been so patient and looking for way to succeed in life. And any slighted opportunity they get to imvest, they feel the need to also make quick money. not knowing that it took the old investors time, consistency, resilience, hardwork and other factors before they could achieve what they achieved. So what they need to understand is as follows:
1) time factor and understanding the scope of any investment plan given to them. Before adventuring.
2) don't invest with emotion or mindset of to get Rich quick with bitcoin investment.
3) be self decisive and self moderated by encourage yourself on long time holding because it's the only way to achieve bitcoin success.
4) don't be too quick to conclude about fast success on bitcoin.

They are not wrong with their thinking. There is a saying they seeing is believing. I have seen Bitcoin transformed the financial life of people who invested in it and had patience. The only thing you should be advising the newbies is that patience is really required when investing Bitcoin. As for making them rich that one is guaranteed provided they can hodl for a long time. Someone who bought Bitcoin when the price was $15k earlier this year and had patience till now is already rich in Naija.

@Y3shot
What I see about people around me is that they think they can invest in bitcoin to either make profit from it or lose. Because of the loss, some people do not want to invest at all but later not happy if the price of bitcoin has gone up.

Beginners believe bitcoin can make them reach because the price has always been going up in long term. As the marketcap is increasing, the price may not increase as it was before, but the price is still going higher in long term. It is not a wrong believe if they can research and learn when to invest and when not to invest.

If someone still invest in bitcoin in time like this, it is good because next year is halving and we are expected all-time-high.

Beginners have seen so many people who have invested in Bitcoin becoming rich and they have also seen testimonies on social media platforms where people quit their jobs because of the profit they made from their Bitcoin investment. Bitcoin can make anyone rich if you understand that it is not a get-rich-quick scheme, and requires patience for profit to follow in.
Op, after investing in Bitcoin you don't need any work to be done on your Bitcoin investment. What you just need to do is to hold your Bitcoin for a long term like 4-10 years depending on your plan in your Bitcoin investment. What you need most is to have a source of income that will solve your financial challenges so that you will not have to depend on selling your Bitcoin even when you are at a loss to solve your problems.

Na why em be sae any newbie wey you wan introduce for bitcoin investment or the one wey don invest on am already, you need to tell them the risk wey d involve and how volatile the market dey so that them no go carry hope put for bitcoin to make them rich in a short time.

I think the cause of everything na because newbies are not informed about how bitcoin  investment d properly. Na why em be sae them they carry a wrong belief about bitcoin investment to make them rich quick.

To minimize this wrong beliefs wey newbies get for bitcoin, em go d good if we can take as a duty to the lecture newbie about what and what they shouldn't expect from their bitcoin investment. By doing that alone, I think it will go a long way for them to be less bothered when bitcoin price is declining in price or not going by their plans to make them rich in short time.

Bitcoin as a ponzu scheme wouldn’t have lasted till date. Based on how bitcoin technology was built, it will not have a taste of being a Ponzi scheme or something similar to it. Most people that see it as a get rich quick scheme are not enlightened well about it and they just get some bitcoin and have it in mind that they are already rich. Time tells when they don’t get what they want and they exit the market with regrets and hatred for bitcoin since they didn’t get what they expected in the end.


When it comes too easy then it isn’t worth it to make you rich for a long time to come. A lot of successful people pass through a lot of hardwork and patience before they reached where they are today. Nothing is free and no one guarantees you that you’ll become rich overnight no matter how simple it looks. Becoming rich in bitcoin requires patience and hardwork, it is better for you to have that mindset so that you don’t end up being disappointed when you don’t achieve what you wanted.

Well you are right because no investor wants to lose though they do lose at times but in anything one is doing in life you need to be positive regardless of obstacles that might come along the line you need to remain focused and determined before you can attain great results. One of the things that's taking some persons that would have made a headway is impatient, like you can't be able to take your eyes off your investment for a long time before you start reaping the dividends that comes along with it.

Bitcoin investment requires a long interval of time before you can see the proceeds of your investment so I see nothing bad if someone buys Bitcoin and feel so relaxed about it. Okay let's take for instance someone who bought Bitcoin when the price was still $27,000 and is watching his investment growing gradually now ain't you gonna be happy and excited?

Our major challenge in this life is fear, like you begin to feel that what if you invest and lose at the end so the fear of failure has been taking so many persons backward. The only advice that should be given to an investor is not to invest all his income because if things doesn't really go the way they expected they might run into emotional trauma.

Bitcoin investment is far from being a ponzi scheme because when you invest in Bitcoin you will see how the market is going and know when you're making profits or incurring losses unlike ponzi schemes that is very fraudulent because what they basically do in a ponzi scheme is just to rotate people's investment and after which they've witnessed a large number of investors the system eventually crashes.

Of a truth Bitcoin can make a person rich, their thoughts are actually correct. Where be say dem dey make the mistake na when they come feel say Bitcoin na just to carry money invest inside then in a month interval dey go fit cash am out like say na quick rich scheme be this. Another na the high expectations wey dey carry use invest dat money, immediately dey purchase the Bitcoin dey don already dey calculate their profits from dey head say in so time dey go done make this kind amount of money from the investment meanwhile no be so dey don forget the market dey rigid and volatile as u no go fit predict accurately all na just base on assumption and Bitcoin no dey follow such trend, e dey go up and down. Where be say Bitcoin just drop na so dem go begin panic dey plan to sell na why e good to understand Bitcoin as u dey plan invest inside.

What make people so much believe that immediately they just buy bitcoin they will become rich, like I was  just thinking about this, if people think the bitcoin you buy will bring more bitcoin just like that.if bitcoin should be something that only brings profits I doubt if it will be still existing today. It would have ended just like other ponzi schemes that placed over the years.  

The way some people think about bitcoin they feel too comfortable and so relax as if life is so easy like money can be achieved with no form of work. Investors gain profits from Bitcoin because they worked for it, they had patience with the up and down of the market,  This is not an easy work that anybody with no understanding can achieve from bitcoin.