Do not fall for success stories of bitcoin investors

Ojima-ojo

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Quote from: krishnaverma on May 31, 2024, 10:42:27 PM

I have seen new investors being carried out by seeing the success of big bitcoin investors. But , this is wrong approach in my opinion. Because, I personally feel that most of the people fail and they will never share their story. So, most of the stories that new guy searches , he will find only good success stories. But that is not correct overall picture. One should keep the limitations of crypto in mind as well. What is your opinion about this ?

When it comes to succeeding in business and how we look up to other investors who may have achieved a great reward on investment, we should not forget to put into consideration some factors that may have contributed to such success, Bitcoin is a journey a d if you see anyone that have made some profits a d arrived at a success stage, we have to first of all take into account when the individual bought the Bitcoin and at what price was the Bitcoin bought at that time, this are all what up for the success of any Bitcoin investors.

So you shouldn't think or take Bitcoin to mean some get rich quick investment because that is not going to happen, many of those who take Bitcoin investment as get rich quick investment are those that thinks and believe success story to be a one day achievements and not an individual race that requires time and patience.

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Quote from: dunfida on June 05, 2024, 02:43:03 PM

Quote from: krishnaverma on May 31, 2024, 10:42:27 PM

I have seen new investors being carried out by seeing the success of big bitcoin investors. But , this is wrong approach in my opinion. Because, I personally feel that most of the people fail and they will never share their story. So, most of the stories that new guy searches , he will find only good success stories. But that is not correct overall picture. One should keep the limitations of crypto in mind as well. What is your opinion about this ?

Of course, people wont really be inspiring themselves and look out for those losing opportunity or to those kind of negative conditions on which it would really be something that pertains into those positive situations on where they would really be going to follow with those success stories. Well, its true that they might be able to forget it out at the moment that they've been that fomo'ed in or being on the hype zone on which forgetting about the risks factors. Yes, its wrong if you would really be making yourself that delusional but well sooner or later you would really be able to realize on things on which you would be able to have along the way.
Some might be able to make themselves wary and act accordingly and some wont really be having no differences but rather they would really be continuing on what they do and would really be
just proceeding on what they have started but well we do have our own choices in life though.

exactly, positive success always makes investors happy, and the law of attraction applies to these stories. after all, reading some of those Bitcoin success stories doesn't hurt.

Bitcoin was already bombarded with negative issues before the ETFs, i think it's a good marketing to at least make success stories be heard.
and this is exactly just one success story to tell

give yourself a break and don't take it so seriously.

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Quote from: krishnaverma on May 31, 2024, 10:42:27 PM

I have seen new investors being carried out by seeing the success of big bitcoin investors. But , this is wrong approach in my opinion. Because, I personally feel that most of the people fail and they will never share their story. So, most of the stories that new guy searches , he will find only good success stories. But that is not correct overall picture. One should keep the limitations of crypto in mind as well. What is your opinion about this ?

Of course, people wont really be inspiring themselves and look out for those losing opportunity or to those kind of negative conditions on which it would really be something that pertains into those positive situations on where they would really be going to follow with those success stories. Well, its true that they might be able to forget it out at the moment that they've been that fomo'ed in or being on the hype zone on which forgetting about the risks factors. Yes, its wrong if you would really be making yourself that delusional but well sooner or later you would really be able to realize on things on which you would be able to have along the way.
Some might be able to make themselves wary and act accordingly and some wont really be having no differences but rather they would really be continuing on what they do and would really be
just proceeding on what they have started but well we do have our own choices in life though.

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Quote from: amihada on June 05, 2024, 01:48:57 AM

In my opinion, this is not a scam based on other people's success stories, so it will be a motivation for those who are still learning. It's true that achieving success is not easy, it definitely goes through a bitter and unpleasant process, but from there we have to acknowledge their consistency when they fall, they don't give up easily and in the end they find success. to me it's not a scam.

People will share different views related to Bitcoin according to their experience as some will say good about it and some will say bad about it but we should not focus on their words because we have our own mind and can get access to knowledge related to Bitcoin at different sites.

Some people will definitely have bad experiences because the market does not always remain higher but not everyone faces the same condition as most of them are familiar that if they keep calm during the dropping of price then they can take advantage of it.

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Quote from: amihada on June 05, 2024, 01:48:57 AM

In my opinion, this is not a scam based on other people's success stories, so it will be a motivation for those who are still learning. It's true that achieving success is not easy, it definitely goes through a bitter and unpleasant process, but from there we have to acknowledge their consistency when they fall, they don't give up easily and in the end they find success. to me it's not a scam.

There are people like that who have gambled for weeks and months and have not won anything my advice for those people is for them to get a better understanding or quit looks like gambling is not for them because of people. the reason why he can stop is because if you look at the reason he wins less money so he his looking for ways to see if he can balance the whole thing. And this is one of the reasons you see a good lot of rich people have admirers because people want to know the secret behind how they became successful.

Even those that have been trading before am sure they will have interest to want to do well and add more knowledge to what they had before it is gradual process and you need to attain steps in other to, their are a lot of challenges when you decide to go higher when you want to try new things out. Before you step up have idea of possible challenges you will face as a trader so it is better to talk to people about their experiences so that you can learn and know what to avoid. Given up means you have failed if people can do it their is no reason you can not also do it.

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Quote from: kotajikikox on June 01, 2024, 06:48:20 AM

Quote from: Mr.suevie on June 01, 2024, 06:27:44 AM

You can't even start to imagine the amount or even the level of people that have been lured or draged into the crypto space because of all this over hyped success stories of people around them and the most is all those social media claims of big time crypto trading, I mean these guys make it look as if trading is some kind of easygoing act that probably anyone can make it without even knowing the full gist and struggles around it. I personally don't pay attention to anyone success stories that much, I simply lay on the basis that if you are a good and hardworking person knowing what you are doing then you will actually achieve this.

People who hear about these exaggerated stories often get hopeful and get excited about the possible profit they might have and then when things don’t go the way they expected it to be, they will label bitcoin as a scam. This is where most misconceptions about bitcoin come from.

If we were to share success stories maybe we should also include the risks involved and the challenges we had to go through just to not make the readers hope too much.

The first few lines you said are good already and there is no need for them to include the later part. If only they are like that, then it is only going to be good. You know that the success stories you read are genuine if there is that ugly part or the part where they struggle first before they get successful. Even though some of us read it clearly, we are still overwhelmed and forgot some things later on.

It's like there is no real difference when they read the fabricated stories that only presents the good part. But may these posts of us here awaken them. It is only for their own good anyway, while if they still don't, well it's also no problem for us.

amihada

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In my opinion, this is not a scam based on other people's success stories, so it will be a motivation for those who are still learning. It's true that achieving success is not easy, it definitely goes through a bitter and unpleasant process, but from there we have to acknowledge their consistency when they fall, they don't give up easily and in the end they find success. to me it's not a scam.

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Quote from: darkangel11 on June 01, 2024, 03:28:23 PM

Is it really that hard to be successful holding bitcoin? I've held for many years and never had to lie about my success.
If you look at bitcoin charts year by year, all you had to do was buy at literally any point, apart from maybe exactly the last ATH of 2021, which we held for no more than a few days, to make a lot of money.
If you said to me you made millions in bitcoin since the last bear market, I wouldn't be surprised, because all it would take was some conviction and capital to invest.

Many people know they can succeed by holding Bitcoin, but the challenge is holding it for the long term. People who are forced to cash out their investments as economic conditions change know that they can do well if they hold on to their Bitcoin, but some circumstances force them to cash out their investments.

Since the last bear market, many people have made big gains. All they had to do was buy Bitcoin and wait. Everyone knows they can make money this way, but the main thing is that you need to have a salary or a steady income after investing.

Bitcoin investing is not a puzzle. Many people know that Bitcoin always makes money in the long run, but you need to have the economic strength to wait for the long run.

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Quote from: Davidvictorson on May 31, 2024, 11:04:12 PM

Quote from: krishnaverma on May 31, 2024, 10:42:27 PM

I have seen new investors being carried out by seeing the success of big bitcoin investors. But , this is wrong approach in my opinion. Because, I personally feel that most of the people fail and they will never share their story. So, most of the stories that new guy searches , he will find only good success stories. But that is not correct overall picture. One should keep the limitations of crypto in mind as well. What is your opinion about this ?

In my own estimation, I think that investors are more likely to share a story about a loss than about profits in bitcoin. Their stories of loss are everywhere on the internet - on blogs, forums, Twitter, Facebook, and other social media platforms. And they do it for two reasons which may be intentional or not. They are, to garner sympathy from the public and secondly for it to serve as a example to new investors to carry out a thorough research and understand the market before they make any investment. I would say that for security reasons most investors unless the big ones are very hesitant to share their bitcoin success stories.

On the contrary, I feel most investors always come online to discuss their success stories, I hardly come across investors on social media who come to talk about the loss, though their are pockets of them that do come out but not as to be compared to the success stories. Why we see inflow of new investors, is because of the success stories they've been hearing about Bitcoin investment, success stories has a way of spreading itself. Once there is one success story about a certain investment, it has the ability to counter 10 failed stories.
Even with the secrecy that is associated with Bitcoin, because some people will just want to keep to themselves about their stories but yet, people still try to spread the good gospel of Bitcoin investment across the globe.

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Quote from: krishnaverma on May 31, 2024, 10:42:27 PM

I have seen new investors being carried out by seeing the success of big bitcoin investors. But , this is wrong approach in my opinion. Because, I personally feel that most of the people fail and they will never share their story. So, most of the stories that new guy searches , he will find only good success stories. But that is not correct overall picture. One should keep the limitations of crypto in mind as well. What is your opinion about this ?

That's an interesting hypothesis. Overall, I feel like people usually share their negative experiences rather than positive because we tend to dwell on the negative in our lives. Think about how often you wrote a positive review to a place where everything went alright and how often you wrote a negative review. But people also feel ashamed for losing money and for making mistakes, so this case is somewhat different. I think I've seen roughly the same amount of positive and negative stories with Bitcoin, but I agree people shouldn't jump into investment because it worked out for someone else.

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Quote from: Promocodeudo on June 03, 2024, 09:49:37 PM

Quote from: krishnaverma on May 31, 2024, 10:42:27 PM

I have seen new investors being carried out by seeing the success of big bitcoin investors. But , this is wrong approach in my opinion. Because, I personally feel that most of the people fail and they will never share their story. So, most of the stories that new guy searches , he will find only good success stories. But that is not correct overall picture. One should keep the limitations of crypto in mind as well. What is your opinion about this ?

It is only a new investor that will be carried away by some kind of success story of a bitcoiner, although no matter your level of experience in the digital asset market Bitcoin precisely, there are some some success stories that can move you if care is not taken, as for me I already know that Bitcoin investment is not a bird of roses so I don't get too excited when listening to success story some bitcoiners, no matter the story I hear, I already know that Bitcoin has not changed from being a volatile asset, there are things they I know thats inevitable in Bitcoin, the twisting of stories to make Bitcoin look like once you invest you become rich immediately don't move me anymore as far as I know, the only aspecr am always interested in Bitcoin is the continuous accumulating and hodling for a longterm to achieve a desirable goal.

If we see other people's success, our hearts will be eager to imitate them. Unfortunately, sometimes we don't want to know how they succeeded as Bitcoin investors, so without thinking, we immediately invest without any knowledge in the hope of making big profits. things like this should be avoided, don't let us regret it later so that our money runs out, what would happen if the money we used was money from a loan...

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Quote from: krishnaverma on May 31, 2024, 10:42:27 PM

I have seen new investors being carried out by seeing the success of big bitcoin investors. But , this is wrong approach in my opinion. Because, I personally feel that most of the people fail and they will never share their story. So, most of the stories that new guy searches , he will find only good success stories. But that is not correct overall picture. One should keep the limitations of crypto in mind as well. What is your opinion about this ?

I agree with you. We often hear stories of people's lives being changed by Bitcoin and we often get interested in Bitcoin investment which makes us more interested in investing in Bitcoin. Day by day bitcoin is becoming popular more and more people are self-employed and many are changing their lives through bitcoin investment. Surely bitcoin can change our life or our fortune if we can invest bitcoin at right time. But if we are too hasty to invest in bitcoin or think of becoming a millionaire overnight then it will be our wrong decision surely bitcoin will change our destiny but it is right time. In this case, we must have a long-term plan. If we can invest patiently with a long-term plan, surely we can change our fortunes through this Bitcoin investment, and seeing our fortunes change, 10 more people will show interest in Bitcoins.

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Quote from: krishnaverma on May 31, 2024, 10:42:27 PM

I have seen new investors being carried out by seeing the success of big bitcoin investors. But , this is wrong approach in my opinion. Because, I personally feel that most of the people fail and they will never share their story. So, most of the stories that new guy searches , he will find only good success stories. But that is not correct overall picture. One should keep the limitations of crypto in mind as well. What is your opinion about this ?

I don't think you need to look at that type of stories, just just need to look at the charts: I don't know the exact percentage but since right now we are at $69k I would say that at least 95% of those who bought bitcoin are making some money. It's not easy to have an asset where everybody is up. Success stories can be an inspiration, that doesn't mean you'll succeed as well but with bitcoin maybe, if you have the right mindset, you have good probabilities.

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Quote from: Lantind on June 03, 2024, 08:19:26 AM

Quote from: maydna on June 03, 2024, 03:44:39 AM

~snip~

When someone can use other people's experiences as motivation for them to achieve success, of course this will be very useful because they don't have to fail first before they can achieve success like other people and of course we are still looking for information about Bitcoin too and we don't have to do it completely. what other people do, of course we have our own way of doing this, yes, not everyone will tell about their failures in the process towards their success and most people only tell stories of the success they have achieved.

Yes, of course we have to have our own knowledge about Bitcoin because not all of the investment processes we carry out will be the same as other people's and we can only use people who have been successful as motivation for us to be able to achieve what they have achieved.

Using other people's experiences will gives a lesson to us to explore what and how to prevents that mistakes happens to that person. We will know how to anticipate that things so it will not comes or happens to us and we can stick to our plan. We don't have to bother or confuse if that thing is happens to us because we know how to prevents that and learn from their mistakes.

With our knowledge and many lessons that we can gets, we will improved ourselves and can prevents the mistakes because we can be careful. We will gets motivates from other people's experience and will thinks that we can do the same but we know how to gets more benefits than them.

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Quote from: krishnaverma on May 31, 2024, 10:42:27 PM

I have seen new investors being carried out by seeing the success of big bitcoin investors. But , this is wrong approach in my opinion. Because, I personally feel that most of the people fail and they will never share their story. So, most of the stories that new guy searches , he will find only good success stories. But that is not correct overall picture. One should keep the limitations of crypto in mind as well. What is your opinion about this ?

It is only a new investor that will be carried away by some kind of success story of a bitcoiner, although no matter your level of experience in the digital asset market Bitcoin precisely, there are some some success stories that can move you if care is not taken, as for me I already know that Bitcoin investment is not a bird of roses so I don't get too excited when listening to success story some bitcoiners, no matter the story I hear, I already know that Bitcoin has not changed from being a volatile asset, there are things they I know thats inevitable in Bitcoin, the twisting of stories to make Bitcoin look like once you invest you become rich immediately don't move me anymore as far as I know, the only aspecr am always interested in Bitcoin is the continuous accumulating and hodling for a longterm to achieve a desirable goal.

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Quote from: krishnaverma on May 31, 2024, 10:42:27 PM

I have seen new investors being carried out by seeing the success of big bitcoin investors. But , this is wrong approach in my opinion. Because, I personally feel that most of the people fail and they will never share their story. So, most of the stories that new guy searches , he will find only good success stories. But that is not correct overall picture. One should keep the limitations of crypto in mind as well. What is your opinion about this ?

The success stories may be cooked lies and cap but I will choose to believe in the lies than not because that's what Bitcoin does for people. The only drawback right now is Bitcoin can't give you that time of profits it has gave people in the past. Where someone can make 5x in a year but this year alone, it has not been able to do that and I'm not sure if it's even possible to happen. It will need a lot of liquidity and money to pump Bitcoin to that high to give instant 7x or more.

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Quote from: Mate2237 on June 01, 2024, 03:28:02 PM

Op if you understand cryptocurrency and bitcoin in particular, you will notice that the success stories are also part of the process to motivate people in the investment o bitcoin and it is not a bad thing and the same time there threads also warning investors to be careful whenever they are investing. They have to k ow the basic knowledge of bitcoin and it co Cryptocurrencies in the ecosystem.

There are some stories that I have seen and hers that investors lost a tremendous amount of bitcoins in the industry so all are part of the investment process. Bot the good and bad are all in the industry so whatever dealing with cryptocurrency be careful and patient.

If they mighty ask me in every thing man do on earth if it's totally Free from losses or risk the answer is capital no behind success there is always some obstacle or challenge that the successful man has passed through people are not interested in what you passed through to achieve a thing what they want is the result and where there is result what ever it takes people are willing to follow and pay the sacrifice because the evidence is there with the hope that there is a light at the end of a tunnel.

All what a new investor need is to apply wisdom and also be Smart because why following others people steps to succeed you need apply your own responsibility of taking note on things that may likely course you some harm or danger, without success story no body will be willing to take the risk that has even leads to some people success today, behind every success stories there is always a caution life is full of risk and those who lunches full attack of taking them is liable of making good thing out of life.

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Quote from: krishnaverma on May 31, 2024, 10:42:27 PM

I have seen new investors being carried out by seeing the success of big bitcoin investors. But , this is wrong approach in my opinion. Because, I personally feel that most of the people fail and they will never share their story. So, most of the stories that new guy searches , he will find only good success stories. But that is not correct overall picture. One should keep the limitations of crypto in mind as well. What is your opinion about this ?

Investors should always be aware of the risk whenever they invest, there are always two sides of the stories what most of them are telling are always the happy ending, most of them forgot to mention about the challenges, struggles and temptation to sell everytime the price increase.
We as an investor should be aware of everything not just the profit but also the risk of losing some money from our investment.

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Quote from: maydna on June 03, 2024, 03:44:39 AM

New investors can looks for the success Bitcoin investors as their lessons so they know how to be a successful Bitcoin investors. But they don't have to follow every steps from that people because they have different ways to start. They must search for many ways to have more information before they start so they know when they can buy Bitcoin. But when they fail, they will not tells other people instead keeps that story for themselves. Perhaps, they don't wants other people know what happens to them so they prefer to hide it from others.

If they just learn from the success story without learning more how to start, they will difficult to make their own success story because they don't search for other lessons. They motivates themselves that they have a chance to be a successful Bitcoin investor. But they must search for their own ways.

When someone can use other people's experiences as motivation for them to achieve success, of course this will be very useful because they don't have to fail first before they can achieve success like other people and of course we are still looking for information about Bitcoin too and we don't have to do it completely. what other people do, of course we have our own way of doing this, yes, not everyone will tell about their failures in the process towards their success and most people only tell stories of the success they have achieved.

Yes, of course we have to have our own knowledge about Bitcoin because not all of the investment processes we carry out will be the same as other people's and we can only use people who have been successful as motivation for us to be able to achieve what they have achieved.

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Quote from: krishnaverma on May 31, 2024, 10:42:27 PM

I have seen new investors being carried out by seeing the success of big bitcoin investors. But , this is wrong approach in my opinion. Because, I personally feel that most of the people fail and they will never share their story. So, most of the stories that new guy searches , he will find only good success stories. But that is not correct overall picture. One should keep the limitations of crypto in mind as well. What is your opinion about this ?

This is what these scammers want to happen since they usually post their success so that they can take advantage to those people trying to get out of their struggles in life. They want to sell some hopes to people to get something from them and usually I see this on MLM's or networking scams which they always flaunt their wealth's so that they can invite people to their scam programs. Newbies need to be aware on this and they should never entertain any unrealistic information they can get. They should know that not everyone can get the same achievement and also they can't fasten up their result. That's why they should be more real for theirselves and think about doing more realistic work which can give them real time benefits. Success will all matter to us and not by other people if those people want to succeed then they should exert some effort to became an expert on their craft but this people should think about that there's no shortcut to make it happen more faster but it need a lot of time before success will come to them.

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