Topic: Bitcoin is not a quick rich and get poorer investment. - page 2. (Read 1746 times)

When it comes to stability and market strength, I agree that bitcoin is very safe for the long term, even for beginners, but if for the short term it is better to have a deeper analysis, especially in when to make decisions when the market is volatile. It can be more brilliant even a matter of weeks or months (current cycle).

The condition of getting rich quickly is certainly supported by careful preparation: capital, strategy, and how to deal with conditions in the market. The principle of holder is winner is the right thing, even if last year bought BTC1 and sold this year, of course this is very against the law of currency investment in any storage. it can be 4 times just storing it. bitcoin is a necessity of life for me storing it is a real investment.

“Profits” is the most annoying word on this forum. Here’s what I’ve been trying to say .. https://bitcointalksearch.org/topic/bitcoin-is-not-a-replacement-to-the-stock-market-traditional-investments-5288768

Someone words of wisdom form a guy yall may have heard of ..

“I’m uncomfortable with explicitly saying ‘consider it an investment,’” Satoshi said in June 2009. “That’s a dangerous thing to say and you should delete that bullet point. It’s okay if they come to that conclusion on their own, but we can’t pitch it as that.”

This is very subjective for each investor as it varies when they  will buy or sell their stash. So it depends on their strategy how they can accumulate profits from their investment. The entry and exit points are also varied and so there is no concrete percentage of how much profit a user can get from this market. But before someone invests, he should know the pros and cons participating in this market.

We're all not getting rich from bitcoin investment, most of won't be able to milk the system and that results to major setbacks in the system. Buying and selling can only be triggered when one knows how to handle the system and doing the needful (buying at good price and selling for high price, profits is generated). Huge risks doesn't pull any stunt except when they finally results to profits in the system. I know how inconvenient it can be but we don't see the rewards for our patience though most of them do take a long time. Bitcoin is not a quick rich scheme, rather its more considerable to be financially stable when it comes to accumulating profits.

That's an honest truth about have Bitcoin as an investment, it's certainly not a quick rich investment but it can be a get poorer investment if you have the wrong conception of it. Bitcoin as a decentralized digital currency, the whole idea behind it's creation was to have the ability to be a hedge trimmer against traditional financial system. In Bitcoin you have complete control over your assets/money without the need for intermediaries, making profits from Bitcoin is just a bonus for those holding it.

Bitcoin investment is a long term investment, so one should deal with it with patience and faith most especially that bitcoin does not end up with a fixed price, due to its high volatility that leads to price fluctuations from time to time. Hence, seeing it as a get-rich-quick is impossible, since bitcoin never gives massive profits by investing short term but most likely it’s always long term. However, I believe bitcoin can make an investor poorer if he does invest without prior researching and acquiring basic knowledge, thus jumping into investing due to greed for money. But if you invest in bitcoin with long term planning, then success and getting rich in the end will certainly be possible.

  Bitcoin is best the way it is. If you see it as fast money or get rich quick scheme, then, you've missed the reason behind it. Notice those looking for get rich quick scheme eventually “get poor quick". This happens because they never get to learn about it and are only concerned about how to double it. You should work on getting rich steadily and not quick. A lot of quick money don't last. Except if you're a professional and scalping the market. Bitcoin isn’t a get-rich-quick scheme. It’s just that what you call “money” is a stay-poor-forever scheme. When you are poor, everybody else looks rich; and that’s what is happening with Bitcoin.
  There are a lot of hot investments right now, including electric vehicles, renewable energy, and anything having to do with the cloud. One investment arguably dwarfs them all in popularity bitcoin. Potentially, it can. It is still very volatile, though. In order to have a good chance of becoming rich, someone would need to invest enough money, hold Bitcoin for long enough (a number of years), and be able to invest enough up front, in order to make that happen. However, if someone methodically invests what they can afford in Bitcoin over time, that has made quite a few people rich. Bitcoin’s price has increased over 13x in the last 52 weeks alone, which is the type of trend that can indeed make people rich. Finally, though, part of becoming rich is having solid risk awareness - and with an asset as volatile as Bitcoin, it’s important never to invest more than you can afford to lose - because assets that rise in price rapidly can drop in price just as rapidly.

Whether you are rich or not depends on when you buy it and how long you hold it. If you buy Bitcoin during the Bearish phase and you are able to hold it until the market is very bullish and then you sell it, then Bitcoin will make you rich. Keep in mind that, Bitcoin has huge risks, but it can also make huge profits. It all depends on the timing of when you buy and sell it.

Yes of course.. Bitcoin and other crypto aren't like a ponzy scheme that you just put small money and be hoping to get a big return without doing nothing which mostly ends up taking your entire life savings.. it requires patience and some level of investment to get the dividends of what you put into it and we shouldn't also forget the sole purpose for which Bitcoin was created..

Yes, entering the crypto market is difficult. However, once you get the hang of it, its the best value, even better. When you see earnings, you feel euphoric and validated for your hard work and learning.

Price variations are present across the board, including Bitcoin. This is where the skill shines. People must make informed selections. Study the market and trends before jumping in. Economics and gut instinct are behind it.

Dont forget confidence. You need confidence to handle this market. Its difficult, but nothing worthwhile is. Keep trying, and you'll achieve things you never believed imaginable. Remember that the art of the trade is about knowing how and when to earn profits. Support Bitcoin and win. I know how to win.

Absolutely, bitcoin can only be consider as get poorer investment if you're not patient enough to make long term investment,bitcoin investment isn't what you just invest probably after making investment you begin to expect profit to come anytime soon. Moreover bitcoin is not a get-rich-quick scheme, in the Sense that there are some people that invested heavily on bitcoin when the value was low,and they where patient enough to hold on to it till this time that bitcoin has increase in the value, just imagine how much profit they will make. if you want to get profited from bitcoin investment, you need to make a long term investment if you can be patient enough to reserve it for a long time I'm pretty sure that your future will be a brighter one.

Guys, let's not forget the ultimate reason why Bitcoin was created: to defend our purchasing power against the inflation caused by Central Banks.

"Bitcoin is not a get-rich-quick scheme. I a don't get-poor-slowly one"

This is one of the best one-liners to orange pill anyone.

bitcoin can make someone poor in a short time or rich, it all depends on the management of that person, look at how people who have large amounts of bitcoin, they really are not affected by the price of bitcoin, what they aim to do is invest more bitcoin, the point is to increase the value of their investment, investing in bitcoin without patience will only result in losses, but if you are truly patient in managing your investment in bitcoin, the results will be good in the future.

This is mostly what happened and I remember back then some people blamed the community for making poor decisions and went to invest their retirement funds in bitcoins. Still, at that time the price greatly subsided since it was not even time for halving or any other good event going on in the crypto industry, instead of patiently waiting, they posted here. They went on a rampage blaming us for giving them sincere advice on how to invest and avoid the hype when you don't have any means to get back what you are about to invest, they ignored all of this warning and proceeded to invest without patient, instead of waiting for the price to recover, they didn't bother on that but they instead panic and might even sell it at a lower price.

If you are just new then it would really be a normal thing but once you do able to have that kind of learning and experience then soon you would really be able to hover up yourself into this market without any issues.
Although it wouldnt really be still that easy as it sounds or looks on dealing up with with price fluctuations on which this isnt something that would really be only limited on Bitcoin but also in other coins as well in the market
on which this is something that you would really be needing to be wary about and not really just that making any actions without even studying or trying out to realize on what you are dealing with.

The most important thing that you should consider is on that this market isnt something that too simple for you to be able to deal with. Make yourself that be confident about into your skills
then sooner or later you would really be putting up yourself on such condition that it would really be that so damn hard to understand on how this market behaves.
Making profits will really be that only determines on how well you do make out such decisions of course.

Social media and these self-proclaimed experts have a huge influence on the mindset of their followers/listeners. That is why newcomers usually think that investing in Bitcoin is a quick rich investment. Unfortunately, it is different from what really happened and mostly is in FOMO when price corrections happen and sell their coins at loss. And this definitely will happen to a person who is investing blindly and has no idea of what they are doing. Being a no-how person will certainly end to nothing but losses which is very common in the market today due to aggressive investing even without proper knowledge.   

The problem for beginners in investing in Bitcoin is patience and price fluctuations. without prior understanding, they tend to panic more quickly when they see an unstable market situation.
and more beginners are impatient with the results. What you think about is how to look at the history of Bitcoin price growth. they want to invest with quick profits. That's clearly wrong, but we often encounter perceptions like that.

Are you really serious about this post? What you just did is donation and charity, but I love this forum, nobody is going to give you anything, your account will end up being compromised. If you want a better future for yourself, then get yourself a better job and work, you will be able to save and invest in bitcoin. You can’t just come here and beg for money, and you think anyone is going to give you anything, and you have already violated the rules of the forum, because you are not suppose to beg for money here, which you just did, so you are going to be punish. The forum is a public place which you are suppose to learn, and not a place which you should beg for money.

Is an opportunity for those who have not yet begun investing in bitcoin; since the price has dropped to $63k, they can invest heavily in order to reap greater profits when the price rises. Some people are telling them to invest in bitcoin, but they will continue to look for people who are profiting because they are afraid of losing money, and without taking risks, you will never benefit from the bitcoin journey. I used to tell some of my friends who are interested in investing that even if they invest a tiny amount of money in bitcoin, they will still profit when the market is going well. I told them that even if they are investing $10 every week they will still profitable, the money will be increasing and probably you can get your capital and profit in it. is just to be patient and trust your mind and be strong to take risk, if you have the opportunity to do and get profit.

Pretty sure that those new people who had been diving into this market are the ones who had been that interested because of the money making opportunity on which crypto could give. Well, lets just accept that fact
considering that people would really be that interested when it comes to money on which it would really be that a normal approach that they would really be having that kind of impressions and shows up interest on to deal with it just because they've known that they could really be able to make some money making thing which is aside from their own work. Once those kind of interest been poked up then dealings or personal decisions
about investing intoo crypto would really be their next move.

Actually cryptos existence would really be that basing into actual utility and it is really just that its price or value on where people do tend to make benefits on
considering that if there's demand then value would increase on which its inevitable that its price would really be moving and this is where people
would really be utilizing it for their benefit which is of course everyone would really be interested on doing so.