Truth be told that, bitcoin can still make you poor, else people wouldn’t have to invest their hard earned money in alts.
We’ve seen and read cases over here and beyond where people’s lives where shattered simply because they invested in bitcoin, and that doesn’t mean we should blame bitcoin and we’ve also read news of how people’s lives where also transformed through bitcoin that doesn’t mean we should just go use on the positive and forget entirely what might also still happen.
The success of one in the cryptocurrency industry is solely dependent on how well they play the game and make their choices with investment, a lot of people who understood bitcoin and had the money to invest dieting the bear market are already reaping bountifully now and a lot of people who might want to invest now simply because of the current hype now, might get drained if there is a sudden correction in the price and it falls down to maybe less than expected (not praying or hoping for any negative) but nothing is certain and anything can happen in the Industry, that’s the fun investing.
Topic: Bitcoin is not a quick rich and get poorer investment. - page 5. (Read 1652 times)
Technically bitcoin is not an investment at all. I think it's important that people remember or understand that first and foremost bitcoin is a currency. It's a digital currency, which is unlike any other we've seen before, and it's become an investment just like trading of fiat currencies, which is common place, but I think it's an important reminder that first and foremost it's a means of transferring money in a better way.
Firstly, Bitcoin is the way launching as digital currency transaction to make us easily with huge amount of transaction around the world for replacing fiat have lower transaction. But right now with price of bitcoin keep increasing year by year have difference function of bitcoin and benefit for investing assets. Acceptable or not bitcoin have good progress become worth of investment assets although is not a quick rick but many people helped more their financial condition and become richest person after investing in bitcoin. indirectly, bitcoin have moving the function its self from digital currency become investment assets behind some countries still not allowed using bitcoin for payment transaction but have regulation for investing assets, need progress and more patience to earn much profit or become rich person when investing in bitcoin.
Technically bitcoin is not an investment at all. I think it's important that people remember or understand that first and foremost bitcoin is a currency. It's a digital currency, which is unlike any other we've seen before, and it's become an investment just like trading of fiat currencies, which is common place, but I think it's an important reminder that first and foremost it's a means of transferring money in a better way.
There are a lot of things that aren't investments in this world but are used as one. Do you think lands are for investments? No, they are to be bought and used for personal housing and stuff, but people use them as investments because they are volatile. So, anything in the world that can lose and gain value over time is considered an investment opportunity, so Bitcoin is no exception in this.
Gold is a precious metal that is used to make jewelry and other stuff, but it is used as an investment by a lot of people, they buy and store gold so that they can sell it when it becomes more valuable and it does. So it's not about what something is created for, it's about whether it has a stable value or its value keeps changing, and if it keeps changing, it eventually becomes an investment asset as along with its other use cases.
Wow really, I had no idea !
Technically bitcoin is not an investment at all. I think it's important that people remember or understand that first and foremost bitcoin is a currency. It's a digital currency, which is unlike any other we've seen before, and it's become an investment just like trading of fiat currencies, which is common place, but I think it's an important reminder that first and foremost it's a means of transferring money in a better way.
There are a lot of things that aren't investments in this world but are used as one. Do you think lands are for investments? No, they are to be bought and used for personal housing and stuff, but people use them as investments because they are volatile. So, anything in the world that can lose and gain value over time is considered an investment opportunity, so Bitcoin is no exception in this.
Gold is a precious metal that is used to make jewelry and other stuff, but it is used as an investment by a lot of people, they buy and store gold so that they can sell it when it becomes more valuable and it does. So it's not about what something is created for, it's about whether it has a stable value or its value keeps changing, and if it keeps changing, it eventually becomes an investment asset as along with its other use cases.
Technically bitcoin is not an investment at all. I think it's important that people remember or understand that first and foremost bitcoin is a currency. It's a digital currency, which is unlike any other we've seen before, and it's become an investment just like trading of fiat currencies, which is common place, but I think it's an important reminder that first and foremost it's a means of transferring money in a better way.
Nothing will make you rich overnight, not just Bitcoin investing. Investing is never a get rich quick scheme. Investing in cryptocurrency can change people's fortunes but not in a short period of time. Invest enough in Bitcoin and hold that investment for a long period of time and you will have hope of getting something good. Investing is only for the future and with the expectation of getting something good in the future, investing in Bitcoin will stop all other activities, but this is not the case. Apart from investing in bitcoins, you should also carry on with your other activities as normal. If you have enough investment and the market goes up as expected then this investment can change your fortune.
Yes, it's true that we need to remember that bitcoin is not a get-rich-quick scheme that can change a person's fate for the better in a short time. In fact, sometimes bitcoin will cause us to lose everything if we invest in bitcoin without a mature understanding, during last year's bearish season. I personally often encounter several beginners who complain about losing everything when investing with Bitcoin because they are too careless and enthusiastic when investing without considering the risks so they have to suffer losses.
Well, by now, I believe that anyone coming into crypto currency and choosing to invest in bitcoin should already know that it's not an asset class that can make one rich over night, regardless of the fact that sometimes, price can move up and down really quick.
Bitcoin is not a tool to help us get rich overnight but we need to accept the fact that we invest in bitcoin because we want to become rich quickly. If you compare bitcoin with any investment or business, it is clear that bitcoin brings bigger and faster profits than all of them, and the reason we choose bitcoin is also because of that.
The cycle is 4 years and the returns we expect can range from 3x to 5x and even 10x. If we don't consider it a get-rich-quick tool, then what is it? But besides getting rich quick with bitcoin, bitcoin investors will face more risks than anyone else, so being able to become rich by investing in bitcoin is completely worth it.
Op be creative in your writings. Well there no risk free investment or business and everything you are doing that gives you money must come with patient and endurance. And whenever you want to invest in bitcoin it is better you invest in long term and not in short term so that you can see the benefit of it. And according to the prediction, bitcoin is on the bull market now l and it is not yet the final All Time High and the All Time High in the season is $100k so if anyone invest now he or she still have time to see the ATH and the person will still make profit from the investment but all depends on the amount you will invest in.
Nothing will make you rich overnight, not just Bitcoin investing. Investing is never a get rich quick scheme. Investing in cryptocurrency can change people's fortunes but not in a short period of time. Invest enough in Bitcoin and hold that investment for a long period of time and you will have hope of getting something good. Investing is only for the future and with the expectation of getting something good in the future, investing in Bitcoin will stop all other activities, but this is not the case. Apart from investing in bitcoins, you should also carry on with your other activities as normal. If you have enough investment and the market goes up as expected then this investment can change your fortune.
Yes, it's true that we need to remember that bitcoin is not a get-rich-quick scheme that can change a person's fate for the better in a short time. In fact, sometimes bitcoin will cause us to lose everything if we invest in bitcoin without a mature understanding, during last year's bearish season. I personally often encounter several beginners who complain about losing everything when investing with Bitcoin because they are too careless and enthusiastic when investing without considering the risks so they have to suffer losses.And I also often hear that many beginners experience losses at the start because they are careless in doing it with the aim of getting rich quickly, without being equipped with basic knowledge and research before doing it.
And those experiencing the current turmoil have learned a valuable lesson and they still have opportunities now, or in the future once they have good knowledge and understanding of Bitcoin or other cryptocurrencies.
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Well, by now, I believe that anyone coming into crypto currency and choosing to invest in bitcoin should already know that it's not an asset class that can make one rich over night, regardless of the fact that sometimes, price can move up and down really quick.
But then, in times of high market volatility like we are currently in, it's possible to make handsome profit trading bitcoin in the futures market just like op did mentioned, but this requires a good capital, and a very high level of knowledge when it comes to trading futures.
Futures market carries a lot of risk with it and it's not a market that is recommended for newbies, not even mid - level crypto users, futures market trading is something i believe is reserved for highly professional set of traders who have mastered the market and know their way in and way out.
Over all, there is no asset in the world where someone can invest a few dollars in and become rich over night, not even meme coins can do that this days, even with their extremely high level of risk, one still need to invest and be patient for a several months of not years.
How much more bitcoin?
But then, in times of high market volatility like we are currently in, it's possible to make handsome profit trading bitcoin in the futures market just like op did mentioned, but this requires a good capital, and a very high level of knowledge when it comes to trading futures.
Futures market carries a lot of risk with it and it's not a market that is recommended for newbies, not even mid - level crypto users, futures market trading is something i believe is reserved for highly professional set of traders who have mastered the market and know their way in and way out.
Over all, there is no asset in the world where someone can invest a few dollars in and become rich over night, not even meme coins can do that this days, even with their extremely high level of risk, one still need to invest and be patient for a several months of not years.
How much more bitcoin?
Nothing will make you rich overnight, not just Bitcoin investing. Investing is never a get rich quick scheme. Investing in cryptocurrency can change people's fortunes but not in a short period of time. Invest enough in Bitcoin and hold that investment for a long period of time and you will have hope of getting something good. Investing is only for the future and with the expectation of getting something good in the future, investing in Bitcoin will stop all other activities, but this is not the case. Apart from investing in bitcoins, you should also carry on with your other activities as normal. If you have enough investment and the market goes up as expected then this investment can change your fortune.
Yes, it's true that we need to remember that bitcoin is not a get-rich-quick scheme that can change a person's fate for the better in a short time. In fact, sometimes bitcoin will cause us to lose everything if we invest in bitcoin without a mature understanding, during last year's bearish season. I personally often encounter several beginners who complain about losing everything when investing with Bitcoin because they are too careless and enthusiastic when investing without considering the risks so they have to suffer losses. 
Investing in Bitcoin should be approached with caution, as it is not a guaranteed way to quickly become rich or avoid financial challenges. It's crucial to thoroughly research and understand the risks associated with cryptocurrency investments before making any decisions.
It is so unfortunate that when some people knows thst bitcoin has good value they just think their is no need for any research to be done to get better understanding of bitcoin, instead people always have the mindset that bitcoin is a way to get rich. Every investment has it own risk and challenge, and it is important for people to have a mindset of making more research about an investment just to know how to go about it. Investing in Bitcoin without trying to understand it is the easiest way of loosing money. One who don't really know volatility works I think with the first encounter when the price of the market goes dip, because of fear of the dip one who don't really understand volatility will just sell off thinking it is the best thing to do yo stay from lose of money. 
Bitcoin is just like any investment that takes your money, time and effort before you can see it flourish in time. You need to invest your knowledge and skills into it, as well as with faith and patience that are certainly crucial when you hold it for long term. And just like any other investment, it grows and appreciates if you invest yourself into it.
Yes, bitcoin is not a get rich quick and get poorer investment. But it can make you suffer from your finances if you invest in bitcoin without prior knowledge. And helps you achieve wealth if you follow the process and maximize your investment skills.
Yes, bitcoin is not a get rich quick and get poorer investment. But it can make you suffer from your finances if you invest in bitcoin without prior knowledge. And helps you achieve wealth if you follow the process and maximize your investment skills.
Typically,bitcoin is like every other investment platforms,but yes it isn't a get rich quick scheme.Bitcoin investment requires long term effort and patience to reap the goodies.Also it requires a very cautious approach just to ensure that your financial choice of investment is safe for you.It deals with money,and we all know how losing an investment worth lots of money can alter.
Unfortunately,most people fail to realize that bitcoin investment is actually deeper than you can fathom,because of its volatile nature.What happened when you invested in a platform last two months or when you invested in bitcoin last two months can be the reverse of its outcome,whether good or bad.So its crucial to approach it with an advanced knowledge of risk management and also avoiding some unforseen failures.
Investing in Bitcoin should be approached with caution, as it is not a guaranteed way to quickly become rich or avoid financial challenges. It's crucial to thoroughly research and understand the risks associated with cryptocurrency investments before making any decisions.
While I may accept a cautious approach to Bitcoin investments, I think the getting rich idea itself, like having to have that thought that you would be rich in the end is a bad idea that creates in potential investors and investors the motive to go straight ahead to doing just what they feel is right with Bitcoin investment.Thai shouldn’t be the case, Bitcoin might be seen or is seen to be just about the safest Cryptocurrency that exists or to pick an investment in and have a high level of security but, don’t go with the idea of getting rich suddenly or at all even. Your free to be hopeful and your sure to be better than when you came but, ensure your taking good steps and approach towards your investment.
Learn to buy and hold as it appears to be the safe option for just anyone, experienced or not.
It's like you are growing a tree that you don't think the same day you plant is the same day you harvest it, no! Not like that. rather it takes time to grow and you will face some problems along the way all you need to do is to keep patience and security so that when bull runs come after years, you will be ready to harvest it and ripe the fruits of your investment. But you need to be careful about FUDS and bad commentaries about investing in bitcoins because they will often appear when the crypto market is not looking good.
Some beginners who are not strong with FUD will immediately panic when they see the price or value of an asset decreasing very quickly. Even though they understand the basic investing concepts, everyone still has different control over their emotions.
but after experiencing several difficult situations from the investments they make, novice investors usually begin to realize how they can get profits.
Bitcoin investment is not just buying Bitcoin and selling it at a profit. Anyone who invests wants to make a profit, but we have to understand the process well.
Investing in Bitcoin should be approached with caution, as it is not a guaranteed way to quickly become rich or avoid financial challenges. It's crucial to thoroughly research and understand the risks associated with cryptocurrency investments before making any decisions.
It's like you are growing a tree that you don't think the same day you plant is the same day you harvest it, no! Not like that. rather it takes time to grow and you will face some problems along the way all you need to do is to keep patience and security so that when bull runs come after years, you will be ready to harvest it and ripe the fruits of your investment. But you need to be careful about FUDS and bad commentaries about investing in bitcoins because they will often appear when the crypto market is not looking good.
When their is no source of income patience is not enough to hold Bitcoin for bitcoin investment to be successful I think their is need to have a source of income that can make one to be able to focus more on the investment by not necessarily depending on profits desperately from the investment.Having patience and source of income this is what make an investment to work fine, but when a steady income is not their it is impossible to have patience when their is hunger.
It's like you are growing a tree that you don't think the same day you plant is the same day you harvest it, no! Not like that. rather it takes time to grow and you will face some problems along the way all you need to do is to keep patience and security so that when bull runs come after years, you will be ready to harvest it and ripe the fruits of your investment. But you need to be careful about FUDS and bad commentaries about investing in bitcoins because they will often appear when the crypto market is not looking good.
Unfortunately, a lot of people don't understand investment until the time they experience it and blame the market for failing their expectations. And this usually happens to those investors who have been influenced by the sweet promises of these self-proclaim experts, making these people believe that earning a profit in investing in Bitcoin happens right away. Indeed, only a few people understand how crypto investment works and actually are those who never send complaints but rather have been patient. The reason why people lose their money from investing in Bitcoin is due to a lack of knowledge and market understanding.
The crypto market is volatile and unpredictable for any of us to know the exact price their bitcoin investment will be in six or eight months. We are all investing in bitcoin to secure our future investments and for gains
Take for instance, in the third quarter of the year, bitcoin was fluctuating around $28k-$30k, and during the last quarter of the year(December), we saw the price skyrocket to $45k. An investor who invested in Bitcoin when it was $30k, can decide to withdraw their profits as the price of bitcoin is declining currently $40,600. Maybe when bitcoin falls more, they can decide to invest in bitcoin back and hodl till bitcoin gets to another ATH
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
As it is a good idea for every investor in crypto to have a long-term investment plan in bitcoin, that's how it is a good move if the investor chooses to take their profits in bitcoin within six or eight months depending on the market conditions. Take for instance, in the third quarter of the year, bitcoin was fluctuating around $28k-$30k, and during the last quarter of the year(December), we saw the price skyrocket to $45k. An investor who invested in Bitcoin when it was $30k, can decide to withdraw their profits as the price of bitcoin is declining currently $40,600. Maybe when bitcoin falls more, they can decide to invest in bitcoin back and hodl till bitcoin gets to another ATH
It's like you are growing a tree that you don't think the same day you plant is the same day you harvest it, no! Not like that. rather it takes time to grow and you will face some problems along the way all you need to do is to keep patience and security so that when bull runs come after years, you will be ready to harvest it and ripe the fruits of your investment. But you need to be careful about FUDS and bad commentaries about investing in bitcoins because they will often appear when the crypto market is not looking good.
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