Topic: Bitcoin is not a quick rich and get poorer investment. - page 10. (Read 1752 times)
The problem is that most people are introduced to Bitcoin with the wrong information. When they see Bitcoin volatile, they think of quick-rich schemes. So they jump into it without further research. So due to a lack of knowledge, we are missing some important things related to Bitcoin. We have to invest so that we can afford to lose. Otherwise, we can't hold it for a long time in the event of a dump in the Bitcoin price. Also, it's an important part of bitcoin investment to know how it works. So if we know everything related to Bitcoin, we may not consider it a quick-rich method.
Bitcoin is not a get rich quick but a lot of newbies don't see it that way. Instead, they are still convinced that bitcoin can easily make them rich and wealthy, so let's leave them like that until they start to experience the lessons brought by bitcoin.
While bitcoin is good for long term investment, but still a lot of investors are investing it for short term. Maybe they have seen how bitcoin price surges too fast, and they think that it will stay that way forever without seeing price decline and market crash any time of the day.
While bitcoin is good for long term investment, but still a lot of investors are investing it for short term. Maybe they have seen how bitcoin price surges too fast, and they think that it will stay that way forever without seeing price decline and market crash any time of the day.
Bitcoin investment is an investment you start early and take time to grow, discipline, monitor with patient to enable your target of investment excel and you can only make this investment when you patiently elongate it to enable you flourish well to the extend that when you harvest your profit from the investment it will still be progressing and not when you invest in six months time and you are inquisitive to get your profit in eight months time its wrong and getting patient to achieve what you invest is a good helping hands for future and at least when you invest in six months time you get your profit in one or two years or more for your effort to be reasonable and bear in mind that Bitcoin is not altcoin that can be hype or where many altcoins are built based on the basic structure provided by Bitcoin, Bitcoin cannot not make you poor when you know what you are doing and is more valuable and can make you rich when you wisely trade in futures.
Those who hope to get rich quickly from Bitcoin have the wrong mindset and also those who think Bitcoin will make you poor quickly because of the high risk are also wrong, those who are currently rich because of investing in bitcoin are those who were early investors, that was when the price of bitcoin was still cheap. However, at current prices, it is impossible to get rich quickly from Bitcoin because the increase in Bitcoin prices is uncertain and difficult to read on the market, if you want to get rich from Bitcoin, invest in it using the DCA method and it must be a long-term investment. Bitcoin is not like altcoins whose prices are based on pumps and dumps. Bitcoin is a decentralized cryptocurrency.
The new investors of BTC always have it in mind that BTC is going to make them rich. The majority of those users who came into crypto after 2017 have this mindset because that was the time when the crypto market had soared high attracting the newbies from social media who wanted to make money.
With the news about ETFs, one would really think of massive profit and will start buying.
Bitcoin investment is an investment you start early and take time to grow, discipline, monitor with patient to enable your target of investment excel and you can only make this investment when you patiently elongate it to enable you flourish well to the extend that when you harvest your profit from the investment it will still be progressing and not when you invest in six months time and you are inquisitive to get your profit in eight months time its wrong and getting patient to achieve what you invest is a good helping hands for future and at least when you invest in six months time you get your profit in one or two years or more for your effort to be reasonable and bear in mind that Bitcoin is not altcoin that can be hype or where many altcoins are built based on the basic structure provided by Bitcoin, Bitcoin cannot not make you poor when you know what you are doing and is more valuable and can make you rich when you wisely trade in futures.
Those who hope to get rich quickly from Bitcoin have the wrong mindset and also those who think Bitcoin will make you poor quickly because of the high risk are also wrong, those who are currently rich because of investing in bitcoin are those who were early investors, that was when the price of bitcoin was still cheap. However, at current prices, it is impossible to get rich quickly from Bitcoin because the increase in Bitcoin prices is uncertain and difficult to read on the market, if you want to get rich from Bitcoin, invest in it using the DCA method and it must be a long-term investment. Bitcoin is not like altcoins whose prices are based on pumps and dumps. Bitcoin is a decentralized cryptocurrency.
Bitcoin investment is an investment you start early and take time to grow, discipline, monitor with patient to enable your target of investment excel and you can only make this investment when you patiently elongate it to enable you flourish well to the extend that when you harvest your profit from the investment it will still be progressing and not when you invest in six months time and you are inquisitive to get your profit in eight months time its wrong and getting patient to achieve what you invest is a good helping hands for future and at least when you invest in six months time you get your profit in one or two years or more for your effort to be reasonable and bear in mind that Bitcoin is not altcoin that can be hype or where many altcoins are built based on the basic structure provided by Bitcoin, Bitcoin cannot not make you poor when you know what you are doing and is more valuable and can make you rich when you wisely trade in futures.
Bitcoin is a long term investment. It's never a get quick rich nor a get poorer investment, but bitcoin will eventually make you poorer if you have no idea how bitcoin investment works. If you invest because of greed, because people are rushing to own bitcoin, then obviously your investment will not gonna work.One thing is certain, bitcoin investment needs it's growth and development. And it does not happen all of a sudden, you need to work on it to see it's progress. You need to safeguard your bitcoin for its security. If you can do that, you will have high chances to become rich while seeing your bitcoin investments growing.
Bitcoin cannot not make you poor when you know what you are doing and is more valuable and can make you rich when you wisely trade in futures.
I would not advise newbies to start futures trading, they could easily get liquidated. A less risky strategy and also profitable would to buy and hodl bitcoins for long term than actively trading. I think you can do a lot better with your writing. Adding punctuation where necessary gives the reader a better understanding of the subject matter and helps them to understand what they are reading in the text.
You are right. Bitcoin is more of an investment coin and not some get rich quick scheme that some people mistake it for, that's why they easily get disappointed in the long run when they don't get what they had anticipated.
Anyone buying Bitcoin today should know this and know peace.
Those who understand this will never be too greedy in the market. It is only for the newbies that are in the crypto market to make fast profits that would be very eager to start making profits when they invest in Bitcoin. Bitcoin and other cryptocurrency needs time of investment after we have purchased them before we start seeing profits as investors. Sometimes when we start new business or put our funds in an investment, we need to give it a little time or enough time before we start thinking of making profits from that project. Cryptocurrency is profitable but we need to be patient for our investment to grow. Anyone buying Bitcoin today should know this and know peace.
Moreso I think it is largely due to the kind of information they were exposed to from the very beginning. Some have been told that when they invest in Bitcoin, that they will make a lot of money. And if you run with this narrative, you will always end up having problem, because, true you could make money and also possible to lose money.
Half information is worse than ignorance.
and not when you invest in six months time and you are inquisitive to get your profit in eight months time its wrong and getting patient to achieve what you invest is a good helping hands for future and at least when you invest in six months time you get your profit in one or two years or more
With the way you emphasize on 6 to 8 months, you kind of make it look as if 6 months is not a good time frame for one to invest and make a reasonable amount, which is wrong, as any individual could invest and take his/her profit at whatever time it pleases that individual, and not compulsory it has to be either 1 or 2years, but however, that doesn't mean leaving your investment capital for such time frame is bad, but that should be the sole decision of the investor, and nobody else. For example, let take a look at Bitcoin, do you know if only you have bought 1 Bitcoin 6 months ago (i.e May 2023) when it's value was still at $27,700 per BTC, do you now by now with current price at $37,700 per BTC, you probably would have made a whooping extra $10,000 for just mere holding 1 full BTC for 6 months. 
You are right. Bitcoin is more of an investment coin and not some get rich quick scheme that some people mistake it for, that's why they easily get disappointed in the long run when they don't get what they had anticipated.
Anyone buying Bitcoin today should know this and know peace.
Those who understand this will never be too greedy in the market. It is only for the newbies that are in the crypto market to make fast profits that would be very eager to start making profits when they invest in Bitcoin. Bitcoin and other cryptocurrency needs time of investment after we have purchased them before we start seeing profits as investors. Sometimes when we start new business or put our funds in an investment, we need to give it a little time or enough time before we start thinking of making profits from that project. Cryptocurrency is profitable but we need to be patient for our investment to grow. Anyone buying Bitcoin today should know this and know peace.
Bitcoin cannot not make you poor when you know what you are doing and is more valuable and can make you rich when you wisely trade in futures.
I thought you were going to talk about holding but you are more convinced by Futures, I value your suggestion because in the current market, everything seems to be under assumption and whatever prediction you make any token or alt will achieve that in some time frame but we are solely talking about BTC and predicting BTC price is also not that hard.Because manipulation is at its peak and all we have to do is keep patience just like you just, we should wait for the right moment and when it comes we should take entry and if we have to keep patience then what difference does it make that either we do spot or future.
You might want to do future as you might have lower funds so in the future you can get 10x or 20x leverage but keep in mind that in the future you can become poor but if you are doing a spot you will not. It does not matter how expert and how experienced you are, the future will get you down.
You are right. Bitcoin is more of an investment coin and not some get rich quick scheme that some people mistake it for, that's why they easily get disappointed in the long run when they don't get what they had anticipated.
Anyone buying Bitcoin today should know this and know peace.
Anyone buying Bitcoin today should know this and know peace.
It is wrong to think that no matter how much you invest in real life, your luck will change from the next day. It's important to think about where you're investing, why you're investing, and what your next investment steps will be. If your investment is in Bitcoin or cryptocurrency, how long it may take for your fortunes to change is just a matter of guesswork. Carefully considering where you put your money, understanding the reasons behind your investments and planning for the future. But one thing is clear that investors need to hold their position for a long time before seeing expected returns. Patience and a well thought out investment strategy play a role in achieving future success.
Bitcoin investment is an investment you start early and take time to grow, discipline, monitor with patient to enable your target of investment excel and you can only make this investment when you patiently elongate it to enable you flourish well to the extend that when you harvest your profit from the investment it will still be progressing and not when you invest in six months time and you are inquisitive to get your profit in eight months time its wrong and getting patient to achieve what you invest is a good helping hands for future and at least when you invest in six months time you get your profit in one or two years or more for your effort to be reasonable and bear in mind that Bitcoin is not altcoin that can be hype or where many altcoins are built based on the basic structure provided by Bitcoin, Bitcoin cannot not make you poor when you know what you are doing and is more valuable and can make you rich when you wisely trade in futures.
this seems like a summary of the total knowledge you've gathered about bitcoin smd i feel that you're making it look more complicated than it actually is.Let me break what you are trying to say in a way that's most simple and direct. Think of a particular goods like diamond that you know that it is very precious and valuable. Imagine you bought the goods at an amount and you know that it price will increase in the next couple of weeks, months or year depending on how long you want to keep it. All you just have to do is to buy the diamond, keep it and just monitor the the current price of diamond in the market. When it reaches a certain price you're comfortable with, you just sell it off and get your profit and it's that simple. Just take the diamond as your Bitcoin and do the analysis again and you will understand the basics of bitcoin investment.
It takes time for your money to grow, even in other terms of investment. If you invest in business, real estate, Bitcoin, etc, for sure your money wouldn't grow that fast in just a day, weeks, months, or years. It literally depends on the market situation that's why being patient and consistent won't be enough if you are not that knowledgeable about Bitcoin. Bitcoin might not make you poor but in the process, you can experience losses, just like the right timing in the market if you buy high and then sell low then of course you've lost some money, but eventually if you hold for long-term then you could still profit. With Bitcoin, I think it's possible to get the quick rich but it would take time which applies to other options in investment as well.
It is true that investments made by each person will certainly take time to be able to bring in profits and you must have patience in every process you go through to be able to get profits without going through each process in stages, it will not be possible to get these profits and also we have to be really careful. understand the investment well so you can get a profit.When investing, it is very important to be able to know when is the right time to buy and hold until a profit can be obtained and we also have to stick to the plan that we have set so as not to sell it at a low price so that we cannot get a profit from the investment we make.
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Moreover, this business has the get-rich-quick quality that cannot be denied. Hard work, struggle and patience is also a feature of this business.
A little ambiguous with the words "Get Rich Quick Quality" because there will be no guarantee someone is trading or investing Bitcoin to get rich quick as we are talking about today. Moreover, this business has the get-rich-quick quality that cannot be denied. Hard work, struggle and patience is also a feature of this business.
Bitcoin investing is not like a business in general, it is more like a way of saving and setting aside money for long-term investments on the Bitcoin digital Money platform.
Bitcoin is fraught with risk and there is no guarantee the investment will be safe and profitable, as this also depends on how patiently you wait for the target to be reached and how strong you are to hold the long term.
It is not easy to hold back long-term because the price of Bitcoin is fluctuating and this can affect everyone's psychology and if they are not prepared, then the investment will fall and not reach the desired target.
Bitcoin investment is an investment you start early and take time to grow, discipline, monitor with patient to enable your target of investment excel and you can only make this investment when you patiently elongate it to enable you flourish well to the extend that when you harvest your profit from the investment it will still be progressing and not when you invest in six months time and you are inquisitive to get your profit in eight months time its wrong and getting patient to achieve what you invest is a good helping hands for future and at least when you invest in six months time you get your profit in one or two years or more for your effort to be reasonable and bear in mind that Bitcoin is not altcoin that can be hype or where many altcoins are built based on the basic structure provided by Bitcoin, Bitcoin cannot not make you poor when you know what you are doing and is more valuable and can make you rich when you wisely trade in futures.
It takes time for your money to grow, even in other terms of investment. If you invest in business, real estate, Bitcoin, etc, for sure your money wouldn't grow that fast in just a day, weeks, months, or years. It literally depends on the market situation that's why being patient and consistent won't be enough if you are not that knowledgeable about Bitcoin. Bitcoin might not make you poor but in the process, you can experience losses, just like the right timing in the market if you buy high and then sell low then of course you've lost some money, but eventually if you hold for long-term then you could still profit. With Bitcoin, I think it's possible to get the quick rich but it would take time which applies to other options in investment as well.
Bitcoin is a business like any other business. Just like in other business of life ,there are chances of both profit and loss. However, this is such a unique business. Which has a special attraction for people. And men and women of all age groups are more attracted to it. And it is also a fact that there are losses in this business like any other business. Moreover, this business has the get-rich-quick quality that cannot be denied. Hard work, struggle and patience is also a feature of this business.
Yes, the development of the current technological era is growing very fast, many people are aware of how to ensure their finances are not affected by inflation, investment is the solution. We really need to teach this in our families from an early age about this one thing (investment). In my opinion, if you want to be rich or get money now, we have to work like that. Investment is not the answer. investment in my view, investment results from the money we invest over many years by setting aside every month will determine our results in becoming rich in the future.
TBH, Risk investments are not the jackpots to get rich, Bitcoin is not the solution to all the problems you are facing right now, I mean poor financial conditions, Bitcoin can be your savior if you are doing good/average in the current timeline, Bitcoin will save your future concerns about custody, decentralization, inflation better risk-reward returns comparing to any of the other financial planning.
To get rich, things out of the box don't hope much from Bitcoin in this current cycle all we can have on the optimistic level in Bitcoin is 4x to 5x from the current market value. Better take more risk because Bitcoin is all about realibilty & stability in the crypto risk investment , Find out hidden gems aka shitcoins for the 100X or 50X jackpot you are expecting with the chances of 0.1%.
Yes, the development of the current technological era is growing very fast, many people are aware of how to ensure their finances are not affected by inflation, investment is the solution. We really need to teach this in our families from an early age about this one thing (investment). In my opinion, if you want to be rich or get money now, we have to work like that. Investment is not the answer. investment in my view, investment results from the money we invest over many years by setting aside every month will determine our results in becoming rich in the future.
The op's post could really use some structure and punctuation. More than 5 lines of text as a single sentence sounds more like a stream of consciousness than coherent thoughts to me.
If someone invested a long time ago when the price was, say, below $1k, Bitcoin could be a very simple investment that doesn't require monitoring and discipline. If one has strong enough faith that Bitcoin will reach huge heights in the future, one can simply buy and wait for many years without doing anything else even now.
It might make a person poorer if there comes a time when this person really needs the money and is forced to sell BTC during a bear market. Patience and a long-term perspective are good points, but situations vary, and people should account for that.
If someone invested a long time ago when the price was, say, below $1k, Bitcoin could be a very simple investment that doesn't require monitoring and discipline. If one has strong enough faith that Bitcoin will reach huge heights in the future, one can simply buy and wait for many years without doing anything else even now.
It might make a person poorer if there comes a time when this person really needs the money and is forced to sell BTC during a bear market. Patience and a long-term perspective are good points, but situations vary, and people should account for that.
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