Topic: Bitcoin is not a get rich quick scheme - page 4. (Read 5226 times)

People who buy lottery tickets instead of bitcoin are impatient for a win and want a big payout tomorrow. Bitcoin buyers must have enough patience to wait 5 years for a really big win.

So true.

Money is better spent on bitcoin than on lottery ticket while the odd of getting nice payoff is better on bitcoin.

Bitcoin adoption is still in early stage. $6 billions is just a tiny drop in ocean of finances. It's new technology and it's expanding.
Imagine BTC price when at least 1% of world population start using it.

It amazes me that there are people out there who throw away their hard-earned money on daily and weekly lotteries for years/decades, but scoff at the idea of buying and holding bitcoin for at least 12 months.  Bitcoin is about a 1M : 1 chance of a return over a jackpot lottery ticket.

I guess it's the same mentality though, wanting just to get rich quick or not at all.

hahahaha exactly what I thought reading the first post   

I think we just have to revise the "hype cycle" graph, and accept that we are at a point where we won't follow that exponential trendline anymore.

I think we will stay at these prices for longer than people imagine.

It's a "get rich quick but not that quick" scheme.

Nice chart.

The assumption of bitcoin going to 1M is too optimistic. The fundamental and market usage for bitcoin might be strong, but I do not see how this correlated to price going upward. Remember, 100 usd per coin or 1000 usd per coin doesn't change how the protocol work.

looks like failllling is a bot re-posting the same comment over different threads

bitcoin is going to nowhere but down!

final capitulation incoming!

All investments, even the most lucrative, go through years and sometimes decades of under-performance.

Observe the following:


Apple has gone through much more corrections that Bitcoin ever has.  But shrewd investors saw a fundamentally strong company, held, and got rich.



People looking for a 'safe' investment in Gold must be shitting themselves right now



ARM is supposed to go to the moon, like Bitcoin.  But where is the rally? Are people loosing interest? Is ARM failing?  Sounds familiar...



That is one hell of a 'capitulation'.  But there are in fact loads of these deep, deep corrections  - some of which cut deeper than the preceding rally.  IBM has had dozens of Bitcoin's 2011 corrections. But that has had ZERO influence on the longer term trend and fundamentals of the company.




Now look at this beauty.  Look at how easy we have had it.  We can barely call 2014 a 'capitulation', or even a 'correction' compared to the SAFER investments above.  For Bitcoin to truly go through a set-back, the price would need to fall to $100.  And even then, it will have zero impact on the price in 2018.

If you do not have patience, go waste your money in Vegas.  If you do not have vision, go waste your money on booze.  If you have common sense, invest a small percentage of your money in Bitcoin and hodl for at least 10 years. 

Remember, if you are not on the train you can NEVER go to the moon