Bitcoin is not a quick rich and get poorer investment. - page 6.

boyptc

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Quote from: cakravothy on December 18, 2023, 05:47:10 AM

bitcoin same another platform trading high risk high return, so not get fast rich
same platform saham, forex and more.

What's saham?

Quote from: cakravothy on December 18, 2023, 05:47:10 AM

must have high skill, if have not skill you can't rich but posible you cab poor investment online trading

The high skill that you're talking about is being a risk taker and having the money to invest. Having that requirements will be enough for you to start investing on Bitcoin.

And let the waves of your investment through it flow to the market and go back to you. It's not quick and easy but, it's genuine asset.

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bitcoin same another platform trading high risk high return, so not get fast rich
same platform saham, forex and more. must have high skill, if have not skill you can't rich but posible you cab poor investment online trading

AnonBitCoiner

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Investment is a process that needs patience and if someone invests some amount for limited timing then he cannot achieve his target because there is no guarantee that on targeted time will there be a pump or dump. There should be target for profit or value of coin but I think target of timing like half year or complete year for investment cannot give you any profit at all.

Bitcoin can make you poor or rich but it depends on your decisions, and your knowledge therefore its up to you whether you want to multiply your finance or drop your economy to minimum value. Setting for just taking benefit from bitcoin is not suited well therefore keep your another business as well because bitcoin should be side business. Dependency on bitcoin cannot make you rich as there is also expenses of home for which you need a salary as you cannot take profit anytime from bitcoin.

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Quote from: Samlucky O on December 17, 2023, 01:44:24 AM

Quote from: Justinopet on November 30, 2023, 06:33:30 AM

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 not for the weak minds. Those that naught Bitcoin in other to make quick money, got disappointed and sold there bitcoin for other shitcoins which after they regretted the action they took.

Yes bitcoin is not a get rich quick scheme, if you invest and forget about the investment I think it will do you more good than harm. Because most people imidiately they invest a little money all there hope is chanelled to it. Any all dip in price they become afraid of loss. They will sell and wait to buy when it's gaining sometimes before they could buy back it has already gain alot that's when they will buy again. And when it dip a little they sell again ontill they loss alot of fund due to impatient. So bitcoin investment is for patient people and not impatient people.

Those who panic-sell during dips fail to grasp Bitcoin's fundamental principle: it's a long-term investment, not a quick profit scheme. Impatience due to a lack of understanding leads to disastrous judgments, emphasizing the significance of education in future financial systems.

Bitcoin challenges traditional financial analysis. It forces investors to see falls as natural market corrections in a mature asset rather than losses. This mindset adjustment is essential for prospering in a digital currency-driven future.

Embracing Bitcoin requires patience and foresight. Understanding its role in a financial ecosystem that's decentralizing and democratizing value exchange is key. Bitcoin provides financial gains and a chance to join a transformational economic revolution for anyone who can accept this philosophy.

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Quote from: Justinopet on November 30, 2023, 06:33:30 AM

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.

You know that Bitcoin is for people who have the willingness to learn it; those with a weak understanding are not allowed here, because if you want to know what Bitcoin is but your understanding is weak and your willingness or passion is strong, it will take you a while to understand it.

In short, there is no shortcut you can get to get instant profit in Bitcoin. Because, in truth, most people know that Bitcoin is not really easy to understand; it is a long process or it takes time before we can really understand it.

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Quote from: Justinopet on November 30, 2023, 06:33:30 AM

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 not for the weak minds. Those that naught Bitcoin in other to make quick money, got disappointed and sold there bitcoin for other shitcoins which after they regretted the action they took.

Yes bitcoin is not a get rich quick scheme, if you invest and forget about the investment I think it will do you more good than harm. Because most people imidiately they invest a little money all there hope is chanelled to it. Any all dip in price they become afraid of loss. They will sell and wait to buy when it's gaining sometimes before they could buy back it has already gain alot that's when they will buy again. And when it dip a little they sell again ontill they loss alot of fund due to impatient. So bitcoin investment is for patient people and not impatient people.

peter0425

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Quote from: Justinopet on November 30, 2023, 06:33:30 AM

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.

there is some strategy in investing in Bitcoin , others do is HODL in which keeping their bitcoin for long time year or even more, while there are some that uses short term investing that takes only weeks or months that mostly happens when the market is showing growing and falling.
and also what you have in title is a perfect way to understand this market about not a place where to become rich quickly but this is the place where you can become a instant poor if you know nothing where and when to invest and when and where to withdraw.

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Quote from: Justinopet on November 30, 2023, 06:33:30 AM

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.

A lot of threads have been created already to emphasize this point but I guess for the interest of those that might still be getting it wrong, this is also not out of place. People have a whole lot of marred mindset while joining the forum and some might feel that by investing in Bitcoin their financial freedom is automatically guaranteed, I don't really blame them that much because sometimes when you look at some ads that are online, you just think you could become a multi millionaire all of a sudden by just investing into Bitcoin. What I use in exercising my patience is that nothing good comes all that easy and fast son just did my investment and I keep accumilating my holdings bit by bit while keeping watch on the price of bitcoin.

It's an investment and not a Ponzi scheme that promises to double your investment from no just reason.

synchronym

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Patience is very important when it comes to investing in Bitcoin. Because Bitcoin is very risky so we must be careful while investing in Bitcoin. Investing in Bitcoin requires us to acquire enough knowledge about Bitcoin. Bitcoin investment we always have to have a long term plan. If we can be patient with time and invest for long term then surely we will be successful with Bitcoin.

roller33

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Quote from: Justinopet on November 30, 2023, 06:33:30 AM

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.

You're spot on about Bitcoin investment being a long game. It's all about patience and discipline, just like you said. Jumping in and expecting quick returns is like expecting a seed to become a tree overnight. Not gonna happen, right?

And yeah, Bitcoin's not like those altcoins that come and go with the hype. It's the OG of cryptos. It's got its ups and downs, but if you play it smart, stick to your strategy, and don't panic when things get rocky, you're more likely to see those efforts pay off.

Totally agree with your point about taking your time with it. Rushing to cash out in a few months is like pulling up a plant to check if the roots are growing. Give it a year or two, or even more, and that's when you really start to see the difference.

And about trading in futures, that's another level. That's where the real strategy comes in. It's not for everyone, but if you know what you're doing, it can really work out.

Bitcoin's a marathon, not a sprint. Keep that in mind, and you're on the right track. Happy investing! 🚀💰

FinePoine0

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Quote from: Justinopet on November 30, 2023, 06:33:30 AM

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 you poor when you know what you are doing and is more valuable and can make you rich when you wisely trade in futures.

Investing in Bitcoin requires patience because the mistake of getting everything close is patience. As I have invested some wealth in Bitcoin for a long time now I am impatient and thinking about the benefit from the investment I will be completely wrong. If you are trading normally then it is definitely possible to make a profit for a short period of time. But it is true that Bitcoin never makes anyone poor, if we can invest at the right time then it is definitely possible to get a lot of benefits.

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Quote from: jeraldskie11 on December 12, 2023, 09:36:05 AM

We are here in the world of cryptocurrencies because of Bitcoin. We invest Bitcoin because of its potential that can make us get away from being a poor person. And we heard a testimony about it that Bitcoin make people rich just by investing, it's already proven. So if we are going to invest in Bitcoin we have to gain some knowledge the proper way of investing in Bitcoin. Bitcoin is different from any investment companies out there. Since any kind of investment has risk we should have an investment plan especially Bitcoin price now is not $20k anymore. If you are newbie, my advice is to stay away from futures until you gather enough knowledge in Bitcoin and how it really works.

The bitcoin was the base of the cryptocurrency market,the sustainability of the bitcoin over a decade due to the decentralised behaviour of the Bitcoin.The bitcoin will be the first coin was launched in the cryptocurrency world.The popularity of the bitcoin reached his maximum after the sustained over a decade.If any new trader get into the cryptocurrency market,the first coin use to inverse by the trader will be the bitcoin.The potential of the bitcoin may change the poor people to the rich by the pump in the bitcoin price.The bitcoin now had many proven story since 2017 in the crypto currency community.Bitcoin is the only cryptocurrency can be used to inverse at any price and able to regain profits in next halves.

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Quote from: Justinopet on November 30, 2023, 06:33:30 AM

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.

We are here in the world of cryptocurrencies because of Bitcoin. We invest Bitcoin because of its potential that can make us get away from being a poor person. And we heard a testimony about it that Bitcoin make people rich just by investing, it's already proven. So if we are going to invest in Bitcoin we have to gain some knowledge the proper way of investing in Bitcoin. Bitcoin is different from any investment companies out there. Since any kind of investment has risk we should have an investment plan especially Bitcoin price now is not $20k anymore. If you are newbie, my advice is to stay away from futures until you gather enough knowledge in Bitcoin and how it really works.

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Back then when I was still new into Bitcoin, I knew those trying times where most of my former colleagues in network marketing are criticizing and bashing me about getting into this industry. They think of it as a ponzi scam so their so-called "mentors", "coaches" and associates have unfriended me and spreading the word that I am now a Bitcoin scammer.

I was just sharing some good news about Bitcoin's progress in my social media feeds rather than joining BTC ponzis like Bitconnect, etc. But as the old saying goes that when a door shuts in front of me, another door opens. It's the best decision that I have in my life and fast forward to today I am enjoying my simple lifestyle in the crypto and Web3 space, and all thanks to Bitcoin where it all started everything for me.

Also doing DCA last year? I have no regrets. Bought them during the bear market when BTC is still around $19k to $23k in price and as of this time it's around $41,800+. It's all about my belief in Bitcoin no matter if it's a crazy roller coaster journey for us.

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Quote from: Iranus on December 03, 2023, 10:12:02 PM

Quote from: SeriouslyGiveaway on December 03, 2023, 09:22:39 PM

Quote from: Justinopet on November 30, 2023, 06:33:30 AM

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 agree with your point that holding onto Bitcoin for the long term can indeed be a lucrative strategy. It has the potential to make you wealthier over time. However, when it comes to futures trading, I have a different perspective. Frankly, engaging in futures trading isn't a reliable path to sustainable wealth. It's crucial to distinguish between these two categories. Utilizing funds that are earmarked for long-term Bitcoin holding in futures trading carries significant risks. While you might possess the wisdom and skills to navigate this, the reality is that most individuals end up facing losses.

There's a substantial risk of losing everything before witnessing a substantial increase in prices through futures trading. This is undeniably unfortunate. I've witnessed numerous instances where individuals lost their entire initial capital, money they initially planned to invest in the market, due to a fleeting moment of greed in participating in futures trading.

OP is right in saying that bitcoin is not a get rich quick investment, but it is confusing that he then mentioned futures trading when this is one of the ways to get rich quick in the market with risks extremely high risk. That proves that OP still does not have a full understanding of investing in bitcoin and he is also looking for a way to get rich quickly in this market.

Like you, I have not seen anyone who can succeed with futures trading but there are many people who fail. It can be said that up to 90% of people participating in futures trading cannot make a profit.

This is what confused me with the OP, he stated that Bitcoin is not a get rich quick investment. However the OP states that futures trading will make him rich, but in reality most people will be poor because Bitcoin prices are not easy to predict.
And only long term investment not futures trading will give you huge profits from Bitcoin, and whether you are rich or not, it all depends on the amount of Bitcoin you have.

It sounds like the OP doesn't have a good understanding of Bitcoin, and he also can't differentiate between investing and trading.

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those who think that it is easy to make a profit from bitcoin, because they see that when the bullish season comes and the price rises quickly, they assume that investing in bitcoin will quickly make a profit, but those who make double profits are those who have invested in the bearish season, so they have also been waiting for an indefinite period of time, because most people only look at the success side, not paying attention to the process

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Quote from: Justinopet on November 30, 2023, 06:33:30 AM

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 agree with your point that holding onto Bitcoin for the long term can indeed be a lucrative strategy. It has the potential to make you wealthier over time. However, when it comes to futures trading, I have a different perspective. Frankly, engaging in futures trading isn't a reliable path to sustainable wealth. It's crucial to distinguish between these two categories. Utilizing funds that are earmarked for long-term Bitcoin holding in futures trading carries significant risks. While you might possess the wisdom and skills to navigate this, the reality is that most individuals end up facing losses.

There's a substantial risk of losing everything before witnessing a substantial increase in prices through futures trading. This is undeniably unfortunate. I've witnessed numerous instances where individuals lost their entire initial capital, money they initially planned to invest in the market, due to a fleeting moment of greed in participating in futures trading.

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Quote from: SeriouslyGiveaway on December 03, 2023, 09:22:39 PM

Quote from: Justinopet on November 30, 2023, 06:33:30 AM

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 agree with your point that holding onto Bitcoin for the long term can indeed be a lucrative strategy. It has the potential to make you wealthier over time. However, when it comes to futures trading, I have a different perspective. Frankly, engaging in futures trading isn't a reliable path to sustainable wealth. It's crucial to distinguish between these two categories. Utilizing funds that are earmarked for long-term Bitcoin holding in futures trading carries significant risks. While you might possess the wisdom and skills to navigate this, the reality is that most individuals end up facing losses.

There's a substantial risk of losing everything before witnessing a substantial increase in prices through futures trading. This is undeniably unfortunate. I've witnessed numerous instances where individuals lost their entire initial capital, money they initially planned to invest in the market, due to a fleeting moment of greed in participating in futures trading.

OP is right in saying that bitcoin is not a get rich quick investment, but it is confusing that he then mentioned futures trading when this is one of the ways to get rich quick in the market with risks extremely high risk. That proves that OP still does not have a full understanding of investing in bitcoin and he is also looking for a way to get rich quickly in this market.

Like you, I have not seen anyone who can succeed with futures trading but there are many people who fail. It can be said that up to 90% of people participating in futures trading cannot make a profit.

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Quote from: Justinopet on November 30, 2023, 06:33:30 AM

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 agree with your point that holding onto Bitcoin for the long term can indeed be a lucrative strategy. It has the potential to make you wealthier over time. However, when it comes to futures trading, I have a different perspective. Frankly, engaging in futures trading isn't a reliable path to sustainable wealth. It's crucial to distinguish between these two categories. Utilizing funds that are earmarked for long-term Bitcoin holding in futures trading carries significant risks. While you might possess the wisdom and skills to navigate this, the reality is that most individuals end up facing losses.

There's a substantial risk of losing everything before witnessing a substantial increase in prices through futures trading. This is undeniably unfortunate. I've witnessed numerous instances where individuals lost their entire initial capital, money they initially planned to invest in the market, due to a fleeting moment of greed in participating in futures trading.

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Quote from: I_Anime on December 03, 2023, 02:05:06 PM

To me holding just the best. you just need to be patient and determined, If you hold your profit might not comes ones norms. But it will be a gradual process. During holding there's high chances that the coin you are holding may undergo corrections but as long is BTC you are holding. you don't need to quickly sell it in loss so u can still continue to hold because of its potential, While for those that's trading with low experience and understanding. I will advice you focus on learning first before trading because there's a chances that you may end up losing all your cash yah trading.

Holding bitcoin is without a doubt a great strategy, however while it can be very easy for an experimented investor to hold their bitcoin and not waver on their determination at all, this is way more difficult for newbies, and this is the case because the volatility of bitcoin is way higher than what they can experiment on other markets and it is not rare for bitcoin to suffer a massive correction in a single day, and when a newbie experiments such losses it can be very difficult for them to keep holding their coins.

Topic: Bitcoin is not a quick rich and get poorer investment. - page 6. (Read 1752 times)