Topic: Bitcoin doesn't give you instant 100 percent profits - page 4. (Read 738 times)

Absolutely right, actually from my perspective most of the newbies are being controlled by social media, because once you like or subscribe a content related to trading you will be seeing more videos related to it and your mind will start to think of enjoying the same in BTC trading while they do not see the other side of BTC trading. This will lead them to think about 100% profit in BTC.

It not only annoys you, i also sometimes get annoyed by such posts. one reason i have already mentioned and there are many others such as hype, stagnant mindset, and one more thing is, most of the newbies like me, started to trade in ALTs which is in my perspective is more difficult than BTC. And few newbies know that, so they always step foot in BTC trading first and wish to make 100% profits and many succeed to make too, even more than 100%. --> i think it's way better here because its related to BTC trading and the BTC concept and of course to the newbies who will come later and will ask the same question again (definitely).

Yeah, that's exactly the same reason i already mentioned, because once you heard of big profits or watch many videos on social media related to big profits you will feel greedy and also wants to earn the same in a few minutes because many traders upload there trading videos which got big profits and don't show the videos with losses because they know if they do it they will lose followers and friends like you (no offense because i also fell prey to these once).

Actually they are unable to wait for the best whenever they learn how to manage the risk and to keep calm for some years they will easily be achieved their goals. Everyone should learn that daily profit is not necessary but avoid losing is necessary and as they think that they will get benefit in just a single day so they are wrong because every success needs some time.

Those who makes such post may be have no knowledge about the market and about the situations so first they have to make a concept after that putting step towards achievement will be an actions of satisfaction.

This is more like your complaint about beginners, but I will put it aside and will not blame what they are looking for because we have also been at that point and continue to learn from time to time about investing. So in the end everyone will understand the concept of investing over time and I make sure that they will learn a lot when they have investment intentions. Regarding Bitcoin or any type of asset whose investment goal is more suitable for the long term, and if the context is to generate quick profits, the short solution is gambling. Not that I'm pushing him to gamble. Thinking of continuing to learn and wishing they had found everything at the right time. Do not justify the search process, but see how he dared to start with all the risks.

If you are more of a novice then this thread should refer to the economics section. Lol

With the keyword: investment

A Ponzi scheme can't give you 1000x of your capital worst they may even run away with your money. You are lucky if you can manage your fund to get a 10x profit since Ponzi Scheme is proven to collapse when the number of people paying out is way more than the number of people who are getting in or the inflow of money.



Most victims keep their investment in the Ponzi scheme by themselves since they wanted a result before sharing it with their friends.  The only encounter I had is when the Ponzi scheme has this affiliate system where members are required to get a number of referrals before they can be able to cash out.

In most cases, beginners tend to make mistakes first and then ask questions when they have a problem. This often happens with ponzi scheme scams, even though we have told you many times in several places, their greed and desire to get rich quick seems difficult to stop.

One question, do you often encounter beginners asking whether an investment that promises fast returns is worth it? I hope you don't find it until the newbie finds the community after being scammed.

it's all a matter of mindset, I see a lot of people being deceived into investing in bitcoin because they really want ROI and fast profits (in severe cases, they have no idea what bitcoin is) so many of them are ultimately deceived by scammers or ponzi schemers.

I never want to teach someone about the steps to buy bitcoin if that person thinks that bitcoin can make him rich in 1 night, is bitcoin a magic tool?

bitcoin is not for everyone, bitcoin is only for people who want to change their lives and the world and contribute to it by buying bitcoin and hodl.

Most of the people came to this forum because they get told by people that crypto is an "easy" way and quick way to earn money hence they are just curious about the process and want to know more about that or they are just bunch of trolls to flood the forum. I'm strongly sure that they don't even visit the thread they made anymore after getting flooded by users.

Well, if anyone could read then people wouldn't ask anything. I don't think it's a good thing to imagine anyway. Some people out there won't bother with long-term investment, they can't hold more than a year because of the financial problem or their situation. Can't really full blame it to them without their giving any explanations.

It's because these people are looking for hyip and ponzi schemes where they can deposit their cryptocurrencies for fast gains. Probably they have seen such propagandas on social medias or friends' groups, so they look for this kind of information on the forum as well. Since they are newbies, they aren't aware about the fact such schemes are scams where they lose money. What we can do is to educate them on this matter, telling them to not invest in opportunities which aren't realistic.

On the other hand, it will never stop, so get used to be annoyed, because there will be always newbies in crypto universe, and newbies always commit mistakes, believing in false promises of profit.

it takes a long process to benefit from investing in bitcoin, first you have to be patient, don't panic quickly, and don't be hasty in drawing conclusions.
most people only think short term they will give up bitcoins to make a small profit this is the nature of careless people.
many people make big profits because they learn and have high patience from hard work so they get big profits.

If I met people like that in real life, I would not recommend investing in crypto but I would say it's better for them just to keep working as usual and don't think anything of it. Profiting daily is possible but it depends on what you do.

But if he intends to invest in bitcoin, he can choose the long term because if it is short term, the profit is not as big as if he can keep it for the long term. It would be like holding gold or land for the long term, which could pay off handsomely.

Ponzi schemes can give you 1000x after investing. But the problem is that the risk will also be the same as the profit you get, namely losing all the money in a short time. But it's this Ponzi scheme that seems to interest many people so they are willing to invest in the program but are not ready to lose their money any time.

The cryptocurrency market has come to a point, many people are coming to Bitcoin with a mindset of get rich quick, which it doesn't work like that, but rather get rich is sure, when you invest a good quantity of Bitcoin and hold for a long, in other words entry point of your purchasing price matter a lot here in cryptocurrency market.

Bitcoin is becoming more mainstream due to the pervasive nature of social media, and with social media comes the modern snake oil salesman offering an instant cure. That may be the case for new people here, or new people in Bitcoin - their first impression of Bitcoin or cryptocurrency is through social media and crypto influencers, and got the wrong impression that is the road to riches.

If you are only starting to learn about Bitcoin today and trying to search the experiences of other people, there's a great chance that you will be bombarded with influencers promising instant wealth, or YouTubers or streamers exposing crypto scammers - you may surmise that crypto may be a scam but at least it's instant money. That could be the cause of some of the people here wanting instant gratification, not knowing that many members have been on the grind for many years.

We have to think realistically where are there investments that offer such instant returns? Only stupid people get into that scheme but those who understand better still don't do it 100% in an instant and we have to be aware of that because after all investing is an asset that has to last a long time, sometimes the way beginners think is different they are always tempted by profits instant, so more are trapped in scam projects.

I will not differentiate with trading because in this case it is skill that is needed, if you have large enough capital in trading, the profit will be higher and vice versa with risk, but remember that trading is skill, not in terms of luck or random analysis.

Bitcoin is always misunderstood in the sense that when people enter into bitcoin investment then it will be 100% profitable even though that is the wrong view.

100% return on investment is just a 2x return (so, you invest $100, and you get $100 more (100%), which is a total of $200). If interpreted this way, I think it's a very realistic expectation from Bitcoin. Bitcoin doesn't have to deliver, and it won't happen overnight or very fast, but it's likely to happen within a couple of years from any point in time, I'd say (although sometimes it may take longer). So maybe the issue is with expecting fast profit, not the specific realistic return on investment.
If, on the other hand, 100% is supposed to refer to the probability of profit (a 100% guarantee of getting profit on one's investment), then it's not true, of course, even though with long-term investment it seems very likely that there will be some profit.

I think that what happens is that if you take a look around the internet you will see that "opportunities" like those are all over the place, and newbie investors end up believing that such a thing is possible, when in fact anyone that has any kind of practical experience in the markets knows that you cannot really predict how big or how small your profits, or your losses, could be.

And then when they hear from us that such thing is not possible they doubt our words, as this is the first time they have had their beliefs challenged by someone else, so they are not just going to accept what we say willingly and they will invest in projects which promise exactly what they want, with the obvious result they will get scammed by doing so.

Those people think that Bitcoin is a magical coin that could multiply their investment into 2x or more but they actually are unaware of the real benefits that Bitcoin offers. Their main aim is to earn as much as possible in short time and that's not going to happen with Bitcoin. Bitcoin isn't a Ponzi scheme we in this forum know that better than others, and it's also not a get rich quick scheme, but a very valuable asset and futureproof technology that is helping millions of people. It has been a source of income for many people and it's helping businesses with its decentralized transactions.
 

Learn to avoid those Newbies as they aren't aware of true potential of Bitcoin, and they mostly post to get an idea to earn $100 or more on daily basis which is an unrealistic goal for them and they won't be able to make even $10 a day because their aim is to earn the money. When it comes to earning or hard work they are lazy enough to do any work to achieve that level of earning.


That's true, Bitcoin is a good investment for Hodlers who can hold their investment for decades to earn some good profits. It isn't for those who are dreaming of becoming rich overnight. Bitcoin is a very valuable asset of the ones who can hold it for longer periods, and the potential gains for those people will be very high.

Everyone has greed, and especially those who lack understanding, we can sympathize with them. As you also said, we were all newbies before becoming the experienced people we are today, so instead of complaining to them, we should offer advice to help them. I am also very allergic to get-rich-quick questions like that, but thinking back to when I first entered the market, I used to think the same way, so I hope they will find the answer for them.

Way back before 2017-2018, this was the method being used by those hypers to attract new users to bitcoin. Later did they know that they will lose more money instantly than gaining if they are not careful. People are attracted by the fact that they can earn instantly while sitting only at home scribbling on their phones or gadgets, but at the same time they also hate the idea of gambling since most countries deemed it illegal. The reality is that, investing into bitcoin and other forms of cryptocurrency is closer to gambling than any other. Yes, other investments can also have risks and could also be considered a gamble, but the people who are victims of this hype neglect that there is so much volatility on this asset compared to other store value assets.

Normally that is what these sets of people do see for making quick profit, because when they reduces the tension of making quick money it would relief them from quick lose as well. So this idea of where to make so so and so amount per week and month is getting annoyed and unbearable.
For one to live long in the crypto race they don't have to include quick money or profits otherwise just a scam project could get them swipe off and left empty token in their wallet.

I also never blame them even though answering such questions is boring, but that's how we can help newbies. I remember when I was new to the market, being a complete newbie, I always had stupid questions like OP mentioned, always looking for a get rich quick. It can be said that all of us have been like them, made the mistakes of a newbie. So don't be too hard on them, no one can grow up or be successful without silly beginnings. If we cannot help them, there is no need to criticize or disparage them.