Topic: Bitcoin is not a quick rich and get poorer investment. - page 4. (Read 1749 times)

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Hi guys,

It took a while to gather the guts to do this.. First of all, I am not asking for donations or charity but for a chance to change my future. I had been wanting to own bitcoin or any other coin but I can't afford it. So, if you want to give a hand to a crypto noob, any amount from 0.0000000000000000000000001 btc would be greatly appreciated. I am grateful for taking the time reading this.

God bless us all!

My address bc1q0a8ngezqgd6uuje663q9p2anseu2svsd5jn0n9

What you said is absolutely correct and we need to admit that bitcoin is a way to get rich quickly, and that is also our purpose in choosing bitcoin and not gold or any other investment . Is there anyone who invests in bitcoin without expecting that bitcoin will rise to $100k or $200k and even $1 million in the upcoming bull season? If that isn't a get rich quick mindset then what is it? While returns from gold and real estate are very low and we all refuse to invest in them.

Those who don't understand well about investing in crypto will of course very easily experience losses in the investments they make and they don't use any strategy in collecting Bitcoin because according to them, by having a certain amount of Bitcoin they will be able to easily achieve financial freedom and that all they get is the loss of what they do.

I don't think there's anything wrong if someone buys Bitcoin when the price is increasing, but they have to be able to hold it until the price becomes higher in order to get a profit from the investment they made, so it's important for us to hold Bitcoin using funds that we won't disturb so that can carry out investments until we reach the profit targets we have set.

Many people does not know the strategies of investment that is why they continue to regret whenever they lose for any cryptocurrency investment they entered into so the best way let me continue to repeat this comment is to invest when the price of Bitcoin is extremely low or directly low and we will expecting the price is to increase in future for you to have or make a profit so when you look at it is very well is it that the majority of people who purchased when the price of Bitcoin is rising is the people who is totally against Bitcoin or it is a people who is a beginner for cryptocurrency investment

The get-rich-quick mindset by investing in bitcoin is actually not completely wrong if you compare bitcoin with investing in gold. You can calculate the ROI of bitcoin in the last year with the ROI of gold, but of course bitcoin will not provide wealth overnight.

Imagine how much profit you will get from a $50k gold investment in early January 2023 compared to a $50k bitcoin investment, clearly bitcoin is more superior and has provided a lot of returns in just a year compared to gold. The time frame used is not overnight, a few days or a week, but of course longer, such as several months to years.

This is true and accurate on which on the time that they have seen their portfolio becomes that negative then they would really be starting on throwing out those issues and whatever names when they do saw those negatives on which it would really be just that normal. This is why it would be better on letting them be on the things that they would really be saying up. Sooner or later they cant really be able to avoid
and made out those realizations that this isnt the right approach on dealing up with Bitcoin investment or simply with crypto space on which having those kind of delusional kind of approach wont really be able to fit out.

Being optimistic isnt really that bad but of course it would really be just that right that it should really be on realistic levels because once you do have those kind of high hopes and expectations
then you are really just that putting up yourself on such great trouble once the market wouldnt be able to hit up on what you are expecting. Disappointment and frustrations
would really be next if the price didnt hit up that high.

actually it's okay to think that bitcoin can make you rich quickly. However, don't have higher expectations. because it is not an easy thing. Maybe many people see other people's success with bitcoin, and they see it is an easy thing. However, be aware that these people are only showing off their success. Chances are they don't expose the failures they get. Maybe there are some people who really get rich in a short time from bitcoin or altcoins, but I think this is a very rare occurrence. Well, they'll know when they've tried

Futures trading can be a thrilling arena, a high-stakes game that tempts even the most disciplined traders. But like gambling, it can be an addictive and unforgiving mistress.  Imagine a casino, but instead of chips, you're betting on the future price of commodities. The potential rewards are high, but the risks are colossal. Losses in futures trading are common, even for seasoned professionals. The market's a fickle beast, and even the most meticulous plans can go awry at the peak of a swing.

Focus on mastering spot trading, understanding the market's current dynamics, before venturing into the futures game. It's like learning to walk before you try to run a marathon. It's not a guaranteed path to riches. While some see it as a "get rich quick" scheme, that's a recipe for disaster.  Cryptocurrency can be a viable investment option, but it requires a long-term perspective. Think of it like planting a seed, nurturing it for growth, not a lottery ticket. Trading cryptocurrency can be profitable, but it demands skill and experience. Sharpen your trading tools, learn from seasoned investors, and don't be seduced by the "easy money" narrative.

No, it is not the price of Bitcoin but it was their wrong thinking and negative assumptions. Doubtful people will certainly think negatively and they will keep pushing their personal opinions rather than accept defeat.
But this is not the main issue, people have failed and suffered losses from investing in Bitcoin due to the wrong market approach and lack of understanding. Usually happen that most of us assume that after buying today we will start earning a profit tomorrow. But it was wrong and this made impatient investors start selling their Bitcoin as they can't wait longer. We have to note that investing is only for those who can wait, not those people who are impatient.

You speak my language, guys! You and I have seen Bitcoin's incredible returns. Like the stock market on steroids, but better because it' futuristic. Real estate, stocks? They have their place. Nothing compares to Bitcoin's upside. Since 2017, you've seen it. Its about joining a financial revolution, not just making money.

There are ups and downs. We've all sold too early or wished we bought more during drops. Its all about the long game. Bitcoin changes how we think about money, not just another asset. You're riding the wave to reinvest in the next bull run. Smart move.

Real estate investment as insurance? Smart. Bitcoin has great growth potential, while real estate is stable. The perfect investment portfolio one-two punch. Keep buying Bitcoin. Those who ride the market cycles win. You win large long-term by playing the game right.

Still, the return is going too high compared to other investments that you could do like real estate, stocks, etc. Not gonna like even though Bitcoin is a very risky investment because of its volatile market price it does a its job of giving a huge profit and return, I mean I'm been investing in Bitcoin started to know it like 2017 until now so far It really gives me a huge profit, even though there is some time that I didn't really make a perfect decision on my Bitcoin, there are times that I sold my Bitcoin in the last Bullrun, but for sure I wasn't really a lost, I mean it wasn't the perfect decision but profit is still profit, I was able to buy things that I wanted to buy with that money. Now I still continue to accumulate more Bitcoin hoping that I could make a huge profit again in the coming Bullrun, even though the All time high has already been reached I don't think that we are in the Bullrun yet, so in my experience buying is a good thing, I mean at this time I don't really need the money so I could easily invest at this moment.

Still, I would still end up investing in safer one like land or a house, When the time comes to sell my Bitcoin that money that I get I would use it to buy a house for a safer investment and passive income incase I could use it as a rental something like that. I would still reinvest on Bitcoin for sure when i sell and make a profit, the market is a huge cycle so I will take advantage of that.

You're right,in my own opinion I think bitcoin investment is supposed to be made earlier when bitcoin has no value,and it would have been very easy to invest, considering the current price of bitcoin. however there are some people who invested on bitcoin from the early stage when the value was low,and they were patient enough to hold on to it till this time that there's a massive increase in the value of bitcoin. I think this people are making a lot of profit from bitcoin, now that bitcoin keep increasing in the value.

what makes some people today not to be a beneficiary for bitcoin investment is because bitcoin the price always make some people to dislike it so I believe that the price of Bitcoin currently is the one that is pushing many people to think about it will continue to rise but I would like to advise people to invest in Bitcoin whenever they feel like to invest in Bitcoin not when the price right in the market it is when they will develop interest to invest in Bitcoin so that is why many of them lose for the investment you need to have a target as investor and you also need to have a Focus as investor don't depend on any information negatively concerning bitcoin but make sure you research very well before you invest

Bitcoin is now considered as both, as a digital currency and an investment. While majority of the countries are still not adopting bitcoin as a currency, then let the people who are aware about bitcoin and its value use them as an investment. In fact, having it as an investment gives the highest ROI than any other investment, so it proves to say that it could stay as a profitable investment as long as people wanted to.

However, we should also not forget to spend it since it’s a currency. People may be greedy and will only chose to hold more than spend them, but sticking to that will only defeat the purpose how bitcoin is designed first.

Most times the reason why so many people think this about Bitcoin is that they lack the understanding and proper knowledge to the technology that is behind Bitcoin while some persons are easily carried away by the success stories of others that must have struggled to actually get or enjoy what they are getting through Bitcoin but the whole patience and perseverance part is left out, making people to feel Bitcoin is some get rich scheme.

When there is no source to survive people tend to want a positive result very fast, the problem is not the rush but what prompts them to be in a rush, it's the lack of a source of income, this is the only problem I have seen in people that wanted to learn about Bitcoin investment through me.

They believe that they don't have the patience, since they need to survive as humans, they need to pay bills and also eat healthy food, it's a good point the solution is finding a paying job to survive and use some percentage of the paying job to invest in Bitcoin.

While you are holding your Bitcoin, you won't need your Bitcoin to pay for any bills or get food on your table, you will find holding to be easy compare to someone who have no source of income.

Bitcoin is capable of making you poor, don't forget that not all investors are successful with Bitcoin, you need to acquire the knowledge to understand the Bitcoin market, some times are good for buying, if you sell when you should be buying you aren't getting anywhere.

As an investor in Bitcoin, you need to have a long-term patience and maturity, keeping this perspective in mind, you have to invest and prepare your account. You have to give up the idea of getting rich quick. You should have at least a 4-10 year investment plan. Many investors expect a lot of profit within a 2 or 3 month investment time frame. Wait and patience assume victory will be yours.

actually if you are good in sense of timing or know how to read the market then you
can use this as an buy no sell later with a good profit , just like if you manage to buy in September
last year then you are 100% profit in october-december , or it can make you a instant loser if you
wanted an easy buy but trapped ?then that changes everything because if you wanted to withdraw
then you have no choice but to pull out your funds in bad losses.

It is very wrong for someone to think or have a mindset that bitcoin can make one to become rich. Bitcoin don't make people to be rich because it doesn't give free money just like that. You can only earn from Bitcoin as investment just like 2very other investment.  I don't know why people always see bitcoin as what can give them lots of money that can make one to be rich just by investing.  You can only get rich by having something that generate steady flow of income.