Bitcoin is not about ''get rich fast'' !! - page 7.

Sultanar484

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Quote from: wonderchaff on March 31, 2019, 06:19:35 AM

I am sick of new people who are here only for bitcoin price, only for gains and still talking about price ... Everywhere i see like bitcoin will go to 100,000 USD or 1,000,000 USD, they only want to get rich fast but bitcoin is not about it ... Bitcoin is about freedom and privacy . I see us as some kind of warriors against governments and central banking cartels, we are here to claim our rights and freedom back! We are here to create powerful tools that give more power to individual against governments ! We are here to change our monetary system ! Every government basically corrupt, they dont care about other people, i think every politician should be representative of his voters , but i feel its like we are serfs ! Think about it ...

People will talk about Bitcoin price and it is so easy to them to talk for their invested capital. When they see their investment in Bitcoin is under the purchase price, they become worried. Its simple but we have to think it is a digital currency, we have to take it as a currency, not a means of investment. Yes, most of the Govt are corrupted, they ban crypto but in hidden they buy Bitcoin or to store their money and for public they are very rude. It is because they want to show law for general people.

pushups44

sr. member

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It's the nature of this industry for greed to overtake it from time to time. Initially the industry was guided by idealists, but as always there will be profiteers and scammers taking advantage of such revolutionary technology. Oftentimes those looking for quick profits are the ones who get the most burnt during bear markets.

Beerwizzard

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Quote from: qwertyup23 on April 03, 2019, 02:11:28 AM

Well if you are part of the minority who got lucky, you may consider yourself as someone who got rich in a relatively short amount of time. Investment, in general, is designed to be for long term. As the name suggests, investment is when you let time do its magic by waiting for its value to mature. But bitcoin falls into the same aspect as being a short/long term investment depending on the price difference.

Just want to clarify this thing a little bit more.
Smart and safe investments in real world are usually not bringing more than 10-15% per year. Everything with a higher ROI is always considered as an unsafe investment. So people that are buying crypto in order to get rich fast would probably lose their money. The other part that got lucky would sell it way below the ATH because of lack of experience.

Xising

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Quote from: Perunex on March 31, 2019, 06:48:21 AM

Every market is cyclical. And cycles of crypto are getting longer and longer. But also stronger and stronger.
Don't get carried away. You will not get rich this year. Probably not next year. But in 5 years you just might.

That's true, and also, I think it just depends on the image one market wants to portray to its supporters and users. The cryptocurrency market, for the longest time, has gambled in the image that you can struck gold and strike it rich in one try. And although it can happen, especially before, and even now, it would really take a lot of luck before you can choose those kinds of projects that could give you the hundred-fold return that is very hard to come by these days. However, for me, I would rather do it slowly but surely, so that, at least there is enough time and space to pull out strategies and other things that can help salvage even a failing investment. But, not that too long, I guess.

Jocuserious

sr. member

Activity: 1936

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Well said, I agree with the issues bitcoin is an intuitive and more profitable currency this has been proved more often. anyway I want to go to a small topic, when the come bitcoin in the crypto market then it was worth 0.10$ -0.25$ a little less. But later in the end of 2017, Bitcoin worth exceeded $15000 Which is a good major success.

baghdatis1990

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Miracle Tele

We can not deny the fact that we are all looking for gains on the crypto market. To live, you need money. And the crypto market is an infinite source of money.
Bitcoin was designed to be a more complete and faster payment system, but its development was impressive. Bitcoin's development has made people believe they can get big profits, which happened in 2017 and will happen in the future

qwertyup23

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Quote from: ?? on ??

Bitcoin is actually a long term investment plan but most crypto starters are actually looking at it as a get rich sort of scheme and that is why most of them easily give up on their crypto investments when they wait for like a month and don't see bitcoin rise. I wish to state emphatically that investment into bitcoin is on a long term basis and not a short one.

Just to give you an example, the price of bitcoins last April 2, 2019 was around $4,200 and today it skyrocketed to $4,900. The ~$700 price difference and swing can have a huge impact on your profits, assuming that you cash out your bitcoins and convert them to cash.

Your investments can be divided into two (2) either for long/short-term goal. Being a highly-volatile investment, bitcoin falls can function on both depending on your goal. Saying that bitcoin cannot be for short-term means that you have not yet experienced making a huge profit in a day.

Quote from: Halmater on April 01, 2019, 04:18:19 PM

What's wrong with wanting to be rich. Who doesn't want that. The real problem is that everybody wants it in a very short time and without any effort. Bitcoin isn't a lottery ticket. However, it is an investment tool for now and a currency that will be widely used in the future.

Well if you are part of the minority who got lucky, you may consider yourself as someone who got rich in a relatively short amount of time. Investment, in general, is designed to be for long term. As the name suggests, investment is when you let time do its magic by waiting for its value to mature. But bitcoin falls into the same aspect as being a short/long term investment depending on the price difference.

niisarearning

sr. member

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Yes most sensible word you said it .Based on recent incident where i dint have minimum balance in my savings account bank for two months . After 2 months i put some amount immediately huge amount deducted. Then after i enquired about that go to know it was the charge from bank for not maintaining minimum balance . How these people are stealing from the person who don't have money or he couldn't able to keep money for emergency reason in bank . It is not only the thing in remittance there is huge transaction charge happening . But it is not only the thing there is even more reason i can give for supporting alternative currency against traditional banking system.

rdbase

legendary

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Join the world-leading crypto sportsbook NOW!

When bitcoin boost in price is the way it was in the past 24 hours people do tend to gravitate to whatever is showing immediate value and it has shown this instantly to those who bought some late last night and woke up to see it give immediate profits.
This is the danger of what these irregular pumps up in price can do to people who are new to seeing these gains within just a couple of hours.

Bonsaiav

full member

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From the beginning the growth of the value of bitcoin has often been associated with various reports circulating in the media with the hope that it can affect most crypto users to do as desired by the news spreader. In this case the news spreader not only spreads positive news but vice versa namely negative news or the more familiar we hear with the term FUD. Because he knows, crypto users are the only tools that can drive the price of cryptocurrency.

Quote from: wonderchaff on March 31, 2019, 06:19:35 AM

I am sick of new people who are here only for bitcoin price, only for gains and still talking about price ... Everywhere i see like bitcoin will go to 100,000 USD or 1,000,000 USD, they only want to get rich fast but bitcoin is not about it ... Bitcoin is about freedom and privacy .

IMO this's one method that they often do in boosting the price of bitcoin, even though in my opinion it's beyond common sense, it seems they're not ashamed to mention nominal crazy in their predictions. Unfortunately, new users tend to be more confident in these crazy predictions, not even a few who think that bitcoin is an instant medium in reaching wealth.

daarul50

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History of bitcoin price movements that make them think that bitcoin can make someone get rich quick. Whereas, the real situation is very different where the purpose of bitcoin is not to enrich someone but to be another option in managing personal finance, where the money we have in the form of bitcoin is not centralized in a center such as banking so we as the owners have the freedom to use the money without having to report anything to the authorities. We can describe bitcoin and its technology like a democratic system where everyone has the freedom to choose what they want.

Leonardo7

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You are classical right, and I feel your pain. But without this price speculations, we may not be able to draw the "blind" investors or say people that are yet to see the big picture of the bitcoin. Bitcoin combines technology with economic reward. The people that see it as a get rich quick scheme are the speculative apostles of bitcoin while the technologically minded watchers are the core apostles. Both are needed, but the speculative apostles can get frustrated if the price doesn't hit a target.

BeGoods

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Quote from: Dreamchaser21 on April 01, 2019, 04:36:37 PM

Quote from: izanagi narukami on April 01, 2019, 08:12:06 AM

Every people are not aware that crypto need some time to being famous.

Decentralized transaction is something new yet useful for future purpose as we can see the fact that bitcoin value continue to increase from time to time.

Every time we heard a good news about cryptocurrency we are slowly getting into our destination and if we only focus in the process there’s a higher chance to get rich. Many believes they will become rich in an easy way because of bitcoin, they are wrong about this one and it should not be tha basis of all.

Many people believe that bitcoin is able to provide rich to us, but for the period of time. of course it will depend on the business you do,
if you are increasingly hard work, more innovative, dare to take risks, certainly getting rich will be faster..

Carrelmae10

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..your sentiments is more likely to be in the side of people who really cares on Bitcoin's consequences..yeah that's true,,everywhere,,everytime I browse each section of this thread,,Bitcoin's price is always on the topic..that's the essence of being a human,,more are aiming to get rich fast in getting involve in Bitcoin,,not knowing that getting rich is not as fast and quick as what they thought..they will invest a lot in Bitcoin,,when Bitcoin pump up they will rejoice and buy more..but when Bitcoins pump down they will complain..human's are more likely to be pathethic in getting rich specially those who are really in need,,for the reason that they want to fill out their shortcomings..

jakezyrus

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Quote from: Altero on April 01, 2019, 06:31:00 PM

Quote from: crzy on April 01, 2019, 05:55:29 PM

Quote from: Dreamchaser21 on April 01, 2019, 04:36:37 PM

Quote from: izanagi narukami on April 01, 2019, 08:12:06 AM

Every people are not aware that crypto need some time to being famous.

Decentralized transaction is something new yet useful for future purpose as we can see the fact that bitcoin value continue to increase from time to time.

Every time we heard a good news about cryptocurrency we are slowly getting into our destination and if we only focus in the process there’s a higher chance to get rich. Many believes they will become rich in an easy way because of bitcoin, they are wrong about this one and it should not be tha basis of all.

That’s wrong with normal people they are too lazy to learn and thinking only about getting rich. Bitcoin is not always pumping and you can’t always make profit especially if its dumping. A great strategies you will need to do in order for you to be more consistent on making money, but you can’t become rich as easy as that.

That's the reason why they'll get frustrated when they saw declining scheme of prices and then keep complaining for. We've never know how the think like that cause in the first place they know already its volatility but they never understand this word.
Becoming rich isn't an easy work for me, it really need times, effort and we must have to work for it, definitely.

Even pro traders and investers are also get frustrated when they see a decline in the market but its normal tho . and who says that bitcoin is not a way to earn money fast ? It is actually because bitcoin can sometimes pump drastically . what if you buy bitcoin at lows and suddenly the price pump after a few hours ? See ? Instant money . the chance of being rich is there . it only depends on how lucky you are but patience also plays a vital role if you dont have a luck .

iqlimasyadiqa

legendary

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Merit: 1011

Quote from: Dreamchaser21 on April 01, 2019, 04:36:37 PM

Quote from: izanagi narukami on April 01, 2019, 08:12:06 AM

Every people are not aware that crypto need some time to being famous.

Decentralized transaction is something new yet useful for future purpose as we can see the fact that bitcoin value continue to increase from time to time.

Every time we heard a good news about cryptocurrency we are slowly getting into our destination and if we only focus in the process there’s a higher chance to get rich. Many believes they will become rich in an easy way because of bitcoin, they are wrong about this one and it should not be tha basis of all.

need a progress to be able to utilize the digital currency appropriately. many people assume that they can achieve wealth when utilizing digital currencies, even though it needs the right use and is not limited to knowing. everyone needs the ability and knowledge to be able to use bitcoin and digital currency as an income that can provide benefits. success and wealth need to be achieved with struggle.

Altero

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Quote from: crzy on April 01, 2019, 05:55:29 PM

Quote from: Dreamchaser21 on April 01, 2019, 04:36:37 PM

Quote from: izanagi narukami on April 01, 2019, 08:12:06 AM

Every people are not aware that crypto need some time to being famous.

Decentralized transaction is something new yet useful for future purpose as we can see the fact that bitcoin value continue to increase from time to time.

Every time we heard a good news about cryptocurrency we are slowly getting into our destination and if we only focus in the process there’s a higher chance to get rich. Many believes they will become rich in an easy way because of bitcoin, they are wrong about this one and it should not be tha basis of all.

That’s wrong with normal people they are too lazy to learn and thinking only about getting rich. Bitcoin is not always pumping and you can’t always make profit especially if its dumping. A great strategies you will need to do in order for you to be more consistent on making money, but you can’t become rich as easy as that.

That's the reason why they'll get frustrated when they saw declining scheme of prices and then keep complaining for. We've never know how the think like that cause in the first place they know already its volatility but they never understand this word.
Becoming rich isn't an easy work for me, it really need times, effort and we must have to work for it, definitely.

crzy

full member

Activity: 2128

Merit: 180

Quote from: Dreamchaser21 on April 01, 2019, 04:36:37 PM

Quote from: izanagi narukami on April 01, 2019, 08:12:06 AM

Every people are not aware that crypto need some time to being famous.

Decentralized transaction is something new yet useful for future purpose as we can see the fact that bitcoin value continue to increase from time to time.

Every time we heard a good news about cryptocurrency we are slowly getting into our destination and if we only focus in the process there’s a higher chance to get rich. Many believes they will become rich in an easy way because of bitcoin, they are wrong about this one and it should not be tha basis of all.

That’s wrong with normal people they are too lazy to learn and thinking only about getting rich. Bitcoin is not always pumping and you can’t always make profit especially if its dumping. A great strategies you will need to do in order for you to be more consistent on making money, but you can’t become rich as easy as that.

Vaculin

hero member

Activity: 2940

Merit: 613

Winding down.

Quote from: Dreamchaser21 on April 01, 2019, 04:36:37 PM

Quote from: izanagi narukami on April 01, 2019, 08:12:06 AM

Every people are not aware that crypto need some time to being famous.

Decentralized transaction is something new yet useful for future purpose as we can see the fact that bitcoin value continue to increase from time to time.

Every time we heard a good news about cryptocurrency we are slowly getting into our destination and if we only focus in the process there’s a higher chance to get rich. Many believes they will become rich in an easy way because of bitcoin, they are wrong about this one and it should not be tha basis of all.

Bitcoin could not make us rich easily because we still have to work hard for it and invest wisely to gain huge profits that will make us rich. But i also believe that bitcoin should be treated more as a currency wherein people should use it properly. But since the world has not yet fully accepted bitcoin as a currency, so people grab the chance to make profit from it through different form of investments.

Dreamchaser21

full member

Activity: 686

Merit: 108

Quote from: izanagi narukami on April 01, 2019, 08:12:06 AM

Every people are not aware that crypto need some time to being famous.

Decentralized transaction is something new yet useful for future purpose as we can see the fact that bitcoin value continue to increase from time to time.

Every time we heard a good news about cryptocurrency we are slowly getting into our destination and if we only focus in the process there’s a higher chance to get rich. Many believes they will become rich in an easy way because of bitcoin, they are wrong about this one and it should not be tha basis of all.

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