Topic: Bitcoin is not a quick rich and get poorer investment. - page 7. (Read 1652 times)

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 panic or sell it in loss, you 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.

It is true that investing in any platform does not get you rich as fast as investing in Bitcoin. But only those who know and invest well about Bitcoin will be able to understand its benefits. Many people invest too fast without having basic idea and they lose their money due to lack of understanding. A investor can quickly gain from bitcoin but it doesn't always behave the same way. Only those who know about Bitcoin and consider it as a source of long-term investment can move towards getting rich quick from Bitcoin. Although there is no guarantee, a review of its history gives us a good idea. But investors must remember that investing in Bitcoin must take risks. Any investment is risky but it is suitable platform for those who invest in Bitcoin and hold it for a long time.

Everyone wants to become rich but not everyone has the right patience to make it happen, that's why majority still end up losing not because they lack the knowledge and skills to succeed but because they are very eager to make quick profits most especially for bitcoin that is known to be a get quick rich scheme. However, only novice traders and investors mostly fall for this as they lack significant experiences in the market.

Bitcoin is certainly not a get quick rich, but hey bitcoin could make you rich faster than other investments because of its known highest profit offers compared to fiat and other physical investments.

Honestly, I see many people who are against others becoming traders because they think it's too risky and more like gambling than investing. But I don't object because I am also making profit from trading, but I will object if someone wants to trade futures. Furthermore, the reality is that I have seen many people become rich through long-term investments in bitcoin, but I have not seen anyone become rich through trading. Therefore, if someone is intending to get rich from trading, especially futures trading, they should give up that idea.

For me, we should only trade spot and should only trade with moderate intensity, don't spend too much time on it and think that it will be a place for us to get rich.

Undoubtedly, it takes time and effort to fully understand Bitcoin. There are risks involved in using Bitcoin as a way to make quick money, but there are also unique possibilities it offers. Bitcoin is more than just an asset; its changing the way we think about money and value. Thinking that regular investment methods can be used for Bitcoin is misguided. Bitcoin goes against usual financial advice. Buying low and selling high isnt enough; you need to understand a big change in economics. Timing the market is very important, but so is understanding the technology behind it and how it might change the future of banking. It is important for us to consider whether we are merely investors or active players in a financial revolution.

Every investment requires a process of several months to be able to gain profits from the investment and there is no investment that can immediately bring profits without going through a process that must be completed.

If we believe in Bitcoin to be able to make a profit then we can collect it to get a profit from the investment we make, we can collect it using different methods to other people to get the profit we want.

The longer you invest in Bitcoin, the more you will benefit. Bitcoin is one such coin that the more you invest in it your wealth will only grow. Right now the price of Bitcoin is very flexible, the more you invest in a secure wallet the more your future will be built from here. But don't make the mistake of not investing in Altcoins and you will face losses. There are thousands of Altcoins in the market and many Altcoins have completely disappeared from the market.

This topic has been spoken on numerous times and it comes with the same discussion. No genuine investment will be a quick rich investment, if you have such mindset before joining the industry then you have to let go off it or you'll become a victim to scammers regularly as they're many in the industry promising all sort of high return investment when you give them your Bitcoin. We have Bitcoin doublers which are basically scams all over the internet and some other sites that are all fake irrespective of the evidence they display of people getting profits.

Investing in Bitcoin should be with a mindset that you're investing for the future and you'll be selling when Bitcoin has gained more adoption which will mean it has gotten more price appreciation. Forget about all the short term profits that the market can offer and put your timeframe for long term investments. Just keep accumulating Bitcoin because you don't know how much longer the price will stay this low again because more adoption from institutional investors and regular investors are coming to the market.

Bitcoin can't belike altcoins because they're built differently, 99% of the altcoins are centralized irrespective of what they claim to be. BNB, ETH, XRP and the list can go on and on are all centralized and nothing like Bitcoin so investing in those as well are at your risk. I'm not saying you can't make profits from them but you're better off sticking to accumulating Bitcoin.

Forum apart, it's important for anyone to know that money is not easy to come by, and if you are investing in a thing newly, you need to study it very wisely and know the promising nature of it, how you will go about it, how the history is and how patient you suppose to be so that you gain more from it and do not make mistakes. But if someone doesn't do or ensure all of that but thinks that Bitcoin/any asset is a means to gain quick money, that person will make mistakes and might lose all his investments. Specifically about Bitcoin, what I've noticed is that it has its season, that's the first thing anyone should learn. There are times you wait for years before buying (just like what is happening now), there should be no rush, and there will be a time when the asset has to be liquidated so that the investor will not go home empty-handed.

In other words, if you buy when you were supposed to sell, you lose, and if you sell when you were supposed to buy, you would lose. All investments, including Bitcoin, need experience and smartness, and once you know it very well, you can miss out on earning.

This piece of advice is not for all, as not all holders can wait for the right time to sell their coins.
There will be possibility of needing your cash when btc is below your buying price, so that's a negative profit for you.
So the idea of investing on btc for profits is not true to all, it depends on when will you sell your coins.
Also, the OP mentioned about futures, very few people will have the skills to get out alive from this type of trading, most can easily get liquidated their position. So don't go to this trading if you are not yet ready with your skills and experience.

Definitely, whether it’s Bitcoins or any type of investments, nothing can make you rich overnight. If any investment promising you that you will become rich overnight, then definitely it’s a scam. Bitcoins are no doubt very rare, and a time will come when the profits will be more, but it will take some time. Till that you have to show faith on the coin and keeps on investing in it for longer period of time. Just accumulate as many Bitcoins as you can and hold it for some days. Definitely you will see great profits.

But we should not blame newbies when they have that thought because when we were newbies we also had those wrong thoughts. Newbies are attracted to this market by the volatility, stories of getting rich thanks to bitcoin as it increases thousands of percent...Therefore, it is very normal for them to misunderstand that bitcoin is a get-rich-quick scheme. But when they enter the market and gain knowledge about bitcoin, they will gradually change their thinking.

For me, I still see bitcoin as a get-rich-quick investment more than other assets, and that's one of the many reasons I'm here. It would be a lie if we didn't expect to get rich quickly thanks to bitcoin, but fast here means faster than investing in real estate or gold, not getting rich overnight.

Frankly, there is nothing that makes a quick profit overnight except gambling, knowledge - experience - as well as a bunch of other issues that can determine the outcome of people's investments. With bitcoin, those who have accompanied and benefited from its development will feel values ​​other than simply the money that it brings. I am really grateful for this market, especially for bitcoin because it is giving me knowledge about technology, economics, or even psychological things.... it is truly a field that brings me knowledge. So many useful things.
But returning to the story of profitable investment, we can easily access information about the price increase cycle and that investors will put more money into this market, so the journey follows. The cycle will continue, and this will greatly benefit the person who can grasp it.

Unfortunately many newbies are having a mindset of getting rich quickly when they invest in Bitcoin they don't have the patience of waiting for a long term to start making profit from their investment, for example the price of Bitcoin in November last year was $16K+ imagine an investor who invested 100 % of their total fund on Bitcoin and waited patiently till now just a year ago would have made a double plus profit even more as the price of Bitcoin continue to trend bullish so in a nutshell Bitcoin investment is less risky you only need to invest at a lower price thereafter requires patience therefore it's not a get rich quickly scheme

Frankly speaking most of people even the old or veteran people here on this market did really have that kind of impressions on the time that we are really just that starting on which it cant really be denied.
Even myself did really have this kind of mindset on the time that i do hover myself into this market on which making priority when it comes on making money or profit. It do really just that you would really be needing to be wise with the actions you are making so that you would really be finding yourself to be that able to sustain into this market. Get rich quick scheme? Sooner or later you would really be able to realize that this isnt how this market works and how it do behaves. Lots of people had already broke their first impressions towards the market on which they do believe that making money was easy but on the time that they would really be
able to trade or invest on their own then they would definitely say that this isnt how they are expecting into.

Could you refer to the statement that actually said that title because I don't believe that a sane person is going to say any of that, maybe the first part where they talk about get rich quick but I haven't heard of any that said it combined with the 2nd statement about get poorer. Although I do agree with that I don't see a lot of people ever think of bitcoin as that kind of investment because if they did then they would've probably not be here in this investment in the first place if they've heard of the quick rich and get poorer statement about bitcoin, that would've set off some red flags.

Most of the people are entering into cryptocurrency because they wants profit overnight but as a result it they loss all their money overnight. I don't know about any field or any business that can give you quick money making opportunity or money without using your own money. All things are not easy as some individuals are suggesting to invest amount of money and double your money soon through bitcoin investment.

In longer duration of time when you see Fluctuations then you will first regret about your choice but if you see green market again then you will be thankful for what you have done. If someone is making investment then he should also learn that he will not use this amount until it gets elevated so save some extra amount of money with you because elevation of money through bitcoin takes years to happen.

Whether a person will get their profit early or after a long time depends on their profit target and financial goals and the movement of Bitcoin at a particular time. If a person makes an investment in Bitcoin and wants to get just 20% to 25% return on their investment, they might even get it within a week sometimes, and we have seen Bitcoin doing that on a lot of occasions, it recently went from $26k to $37k within just a week which was more than a 25% move.

So, if someone had invested last month, they could get their desired returns just in a month and sell and take profit. However, if someone has a higher target in mind, they would probably have to wait longer and keep patience in order to get their financial goals fulfilled because Bitcoin moves in a cycle and it sometimes can take a long time for it to enter a bull run.

You are absolutely right about Bitcoin not being a get-rich-quick scheme. It's definitely more of a long term investment thing. If you check out the price charts, it's clear that Bitcoin has shown an overall upward trend over the years, but it's not without its ups and downs due the the well known volatility nature of crypto currencies. Like you said, patience is the key with Bitcoin. It's not about making a quick buck overnight, it's more about holding on and taking advantage of the market's volatility as much as possible. And you're also correct – there's no 'perfect' time to jump in. The best time to invest is when you're financially ready and can afford to do so without putting your other financial obligations at risk.

https://bitcointalksearch.org/topic/bitcoin-is-not-a-get-rich-quick-scheme-5474430
Other thread with similar contexts with same aim and objectives that says "Bitcoin is not a get rich quick scheme" as that of OP here .

Absolutely, there is no individual marketing strategies or personal skills needed to trigger over an independent favour whereas a Bitcoin investor could be boycotted or taking personal control over the volatility of Bitcoin to personally favour oneself.
Whatever nature the market has to offer to its investors is generally affected to everyone one of its investors.

Every objectives and aims of every trades is to make profits, some are set to long terms or short-terms trading.
Specifically for Bitcoin, the nature of its favourable marketing values is called upon its investors PATIENT.
Yeah Bitcoin investments can get one rich an overnight due to its high level of volatility whereas it is experienced to Bull-Running of high cost of appreciation but while the bull run is at its peak of breaking silence, investors are expected to exercise patient as a keen holding to make profits in matter of time but not at the peaks of the investors wills or flexible to individual marketing strategies.

So... Bitcoin is just not a get rick quick but would never tends to offer one a zero lost in as much patient is adhered and Invested on the journey. This is one reason investors are thrilled to long-terms Bitcoin investments because it is believed that tomorrows (the future)  always have the best of outcomes.