Topic: Do not fall for success stories of bitcoin investors (Read 410 times)

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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...

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.

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.

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.

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.

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.

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.

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.

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.

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.

We can trace this stereotype being reinforced due to many investors being too enthusiastic about bitcoin as an investment strategy. We need to make beginners understand that bitcoin’s purpose is not solely for investing. I think that is the way to make them understand that it is not a get-rich-quick scheme the way they thought it is.

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.

Well, I don't think that the success stories of Bitcoin investors are a bad egg for other new investors, although it depends on how the information is being digested by the new investors. A success story is meant to be a tool of motivation in a positive way, not the other way around. Take, for example, the fact that Bitcoin has made so many investors millionaires, and I decided to start investing in Bitcoin with the DCA strategy so that I can accumulate a lot of Bitcoin and earn profit during the bull market. That's a positive motivation, and I think that newbies should handle stories like that and also think of a better way the stories can motivate them positively and not in a negative way.

I don’t know whether or not to call it a positive stereotype but the fact is a lot of people have come into the Bitcoin ecosystem with the mindset that Bitcoin is a get-rich-quick scheme because of the success stories they read online. Not all the stories are true and some of them are made up by characters who want to present themselves as financial experts and deceive the public into investing their money with them. But if you really do your research, you will find that there are other sides to Bitcoin than profit to be made.

It's good to listen to them though, Bitcoin has change a lot of lives in the past but anyone doing it right now is either a big investor that has invested hard currency on it, or gamble with some funds do futures with good profits or the person is lying entirely. Bitcoin still has profit efficiency but can only do that when you have a large amount of money involved. You can't invest $1k dollars now on Bitcoin and expect to write a success stories on the internet tomorrow.

When you see such stories, take it as a motivation but don't build on that storyline because if I'm to be honest with you, to hold Bitcoin isn't a child play, there is a mixed emotions that comes with the journey of the profits you will make, today you are up and with some profits and then tomorrow you are down. However, this can be limited if you invest or buy in bear market, that's when everyone don't have too much interest in buying Bitcoin and mostly cheaper.

You're right that the cryptocurrency space is often plagued by survivorship bias where only successful stories are shared creating a distorted view of reality. This can lead to unrealistic expectations and a lack of awareness about the potential risks and limitations. New investors need to have a balanced understanding of both, the possible benefits and drawbacks of investing in cryptocurrencies. They should research thoroughly beyond just success.

Secondly, stay up-to-date with market trends and developments. Diversify their investments to minimize risk. And lastly, be cautious of unrealistic promises or guaranteed returns. Your advice is invaluable, acknowledging the limitations and potential pitfalls new investors can make informed decisions and navigate the cryptocurrency landscape with greater wisdom.

The reason why some people share their stories good or bad here is for others people to learn from them to improve, but don't give your 100% trust on those stories without your personal research before you can follow the same strategy to earn profits.

If you have the skills about the industry, you don't need to follow the story of others people success to succeed op, because every successful investors you seen in the industry has some sacrifices they had pay to achieve those wealth in the society

I believe some limit crypto to discourage others people who don't have the knowledge about crypto, but those that have the knowledge of crypto, it will be very hard for them to deceive such people that have the knowledge of crypto in the industry.

We don’t expect to see people sharing negative stories because that will only develop some fears into newbies, but instead it’s a good thing to see successful stories because that will definitely motivate and convince the newcomers to finally invest in bitcoin due to its highly profitable potentials. Not only in bitcoin but even in different life’s aspects, people prefer sharing beautiful and motivating stories in order to inspire others, not to threaten with failures and losses behind the success.

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.

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 you buy bitcoin and hold for 4+ years, and you hold your bitcoin yourself in a safe way, there's basically no way to "fail". All of the fail stories about Bitcoin are from people keeping their bitcoin on exchanges when the exchange gets hacked, or lending their bitcoin through some third party, or only holding for a short amount of time and panic selling, or falling for some scam, or just the early days when it wasn't worth anything so people threw away or lost the keys. If you hold for 4+ years and store it properly in your own cold wallets (safe, secure, encrypted, with redundancy), it would be extremely extremely unlikely to "fail" with bitcoin.

Behind every success stories are many failures, there is no one that's born a winner without their trials, so just because they shared their stories doesn't mean things just work out for them without any battle and failures.

It is just common sense.

I feel everyone has their own path to walk on and what happen to Mr A cannot be the same for Mr B even when they are using the same pattern or searching for the same end result. A lot of people have indeed used the success stories of others to motivate them to start theirs but many don’t know that, they can only learn from those stories but shouldn’t expect the same to come for them, they can get it easier or harder than theirs. Stories are meant to guide you but that should let be your dependency when on that path. I think in scenarios like this, just be on alert for the worst thing to come, so that when it happens, you don’t feel regretful why you started the journey or lose hope in sight of what you’ve set to achieve in the first place.

It's fine someone wants to share his success stories and even the failures. There's nothing wrong with that if that person shares how his crypto journey went like a roller coaster. Because all of us are interested to know how these people able to make it. But for us, we've got our own stories to tell, so there's really no problem at all if someone is only looking to the success stories and doesn't want to hear the failures of these successful people. As a sharer and reader, there is nothing wrong on both end what you prefer and there is also nothing wrong with how you are pointing this out with the point of view you have.

Sharing only is becoming wrong if there is an intention of some pitch at the end of these stories. I've seen a lot of them for the past years that there's this guy who has been new to the market and then became an investor and shared his failure. But then, because of this 'xx' project, he's able to make so much money and able to change his life. In that perspective, that's the wrong approach when it's about sharing the stories of these people. They're obviously trying to market through the emotions of people and I think that's wrong. However, in the marketing world, that's how you really get the trust of the clients and potential investors when you're able to move their feelings.

Well, we're all grown ups and we can attest whether the success story is for real or it's just another marketing stunt. Just don't fall for those kind of stories that are selling products and services at the end of it as that looks unethical for some but, if you just like to read and you're not moved by such, then be inspired always.

Common mistake I guess. But actually, I never view those who shared their success stories, negatively. The part that we should be keeping an eye with is people's mindset when it comes on investments. Not because others are in big profit, same thing will come in an instant on your end as well. Everything varies; knowledge of an investor, circumstances that he/she lives on, decision making, and also the amount you have invested. Any of this could create variation with profit outcomes. If you're just eyeing with the part that you'd earn profit then you're in the wrong path. If it is that easy to make profit from this industry, all of us should be rich by now. There's no such thing as an easy way to earn profit. Much better if you would as well be preventive of loss than to just be optimistic or profit alone.

for you to be successful bitcoin investor you have to make a good research concerning bitcoin, so you can not say that bitcoin anyone that invest in bitcoin is not people that be successful, but one thing about bitcoin investment is  that you need to be patient for your investment in bitcoin otherwise you will lose, some persons panic in bitcoin due to they just heard the information of Bitcoin, so therefore I believe that any investment have advantages and disadvantages, but as investor do not have hope that you will make profit almost everytime.

It depends on how you perceive the story because many people have heard about some early investors who sold their houses, sold all their assets, invested in bitcoin and became millionaires and billionaires. Some newbies believed the story and imitated it, many sold their houses or even borrowed large sums of money to invest in bitcoin in the hope of becoming millionaires like those early investors. But as a result, they suffered losses and lost everything.

Because there are so many stories about becoming rich by investing in bitcoin, many newbies invest in bitcoin with a get-rich-quick mindset and become rich overnight...Everything has two sides and this is the dark side of success stories that we should not ignore.

Every reasonable person understand that paths are different with different challenges ahead, success stories are meant to taken as a motivation, inspiration that gives one the hope that he can suceed or do same in a particular space.

If I get you correctly, you are trying to point out the necessity of new investors having a grounded knowledge and not jumping into the market because of stories or podcasts but rather it should be taken as a process.
You have your story, so as me, it a matter of subjectivity and not a conclusion.

Success stories serve as motivation to the new investors, I don’t think it is a bad idea to share success stories just to motivate other people to invest in Bitcoin because we are sharing good news about Bitcoin anytime to get more people that will adopt Bitcoin globally.

Some stories been shared here are fake, but they help to give motivation; but whenever a newbie is trying to invest in Bitcoin, they need to do research and also learn the basics of Bitcoin, blockchain, and cryptocurrency so that they will know what exactly they are doing and where they are putting their money into.

You are right people who lose never share their story with others.  But those who profit continue to share their stories with joy.  But if nothing else, investing in Bitcoin and holding it for a long time will definitely make a profit.  Those who lose by investing in Bitcoin are those who can't be patient with Bitcoin long-term.  Many believe in Bitcoin, but when they see the price of Bitcoin falling, they panic and sell it.  And because of this they keep losing their investment.  If there is such a panic, he will never be able to profit.  So, to profit from Bitcoin, one must be patient and invest for the long term

I think it is better to say make it as an inspirationif we see people being successful in any field especially crypto space. But I don't personally replicate or do what they do because it might not work with me I mean their strategy might work or not, so much better to analyze things based on our own understanding. Other peoples work might be a clue or hint for us to modify according to our knowledge and perception.

Looking all you've started here,
I think one of the major drive about investment is actually base on other people's achievement and likewise their experiences. so for me i don't think it's wise for any investor to share his/her  past story in Bitcoin investment before investing.

Considering the current instability in market value.

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.

Actually there's a similar topic like this, which also talk about how most people jump into bitcoin investment due to the success stories they Heard from those earlier investors, I think this is not a new topic anymore. However been carried away by seeing the success of those old investors, it can only be a wrong approach to those new Investors who are very curious to get profited unlike those earlier investors. without knowing that they also experience lose in the market, that is why as a beginner in this crypto space you don't have to be curious to make profit from bitcoin investment, you need to get all the necessary informations about bitcoin investment before looking out to invest.

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.

Not all success stories are fake, some of them are true. If all in our minds is not true, I don't think we need to start discussing Bitcoin or remain in the forum. Because I believe there are great stories, it is just people love to share their experiences and make proud of themselves. But yes, it is our opinion to think if that is real or not, we can use our instinct as well.

Perhaps, we listen to them but do not urge ourselves to fall in love with their stories too quickly. Why not try to see the real thing happen because who knows, we will be successful. Because we can't tell if they are telling the truth or not until we do it personally. In fact, it was proven already that BTC is profitable.

I will divide into 2 types of investors. For those who regularly share their losses in the market, what they want is to give a warning to newbies rather than seek sympathy. Because most of us come to the market to make profits, not to seek sympathy or friends. The second type of investors are those who often share huge profits, talk about their philosophy of life and say they like to help others… often people without good intentions. These people want us to join their signal group, sell courses or entrust investments...So we should be more wary of these types of investors than type 1.

You are right in thinking that big investors often do not like to appear in public, but not everyone chooses to stay silent and ignore the community. Many people still join social networks to share experiences and make market predictions because joining social networks like Facebook or X does not require them to reveal their identity to the community.

I think it is a common thing to tell or share someone's success story in a field. This usually motivates someone to enter the business world if they are really interested. However, what you need to realize is that this is not easy. There will be risks that can be found in any investment. Therefore, wise investors will try to do research before investing. So, it is very natural for someone to look for motivation to enter and be serious about something.

Those who fail to invest in Bitcoin will not tell others about their failure. But maybe he just shared his failure with those closest to him and said don't invest in Bitcoin because it could make you lose your money. Many have failed to invest in Bitcoin, but many have succeeded and made big profits.

Maybe beginners or new investors more often find someone's success story from investing in Bitcoin. But if he just goes along with it without learning more about Bitcoin, he probably won't have a chance to make a profit. They should also look for information about mistakes made by other new investors so they can avoid making the same mistakes.

A new investor needs to learn about investing in Bitcoin before he starts. There are many things he needs to know, and he must do this to avoid making mistakes like others. They must be able to understand investing in Bitcoin so that their opportunity to make profits can be greater than that of other people.

Know that behind those success, there’s always inevitable mistakes and losses that the investor endure first before he finally reach the end success. I think that is already known by all potential investors, as everyone started with a scratch until one enhanced his knowledge and skills and apply on his own investment. So I don’t think these new investors just got carried away, they’re probably aware already those sacrifices and losses first before they decide to invest in bitcoin.

That's what we call people being attracted to the success of other people, and because of that they will try it brcause they are also hoping that they can earn or be successful which is sometimes ends up being bad or that person meet its downfall, I mean many people are just swayed by other peoples successful and they hope that they will also have the same experience or success, which is the cause of people becoming hateful to the person that inspire them to invest, little reminder the one that cause someones miserable or losses is that person also, there's no one to be blamed. That's why I dont want to mention to anyone I know about my success or profit in bitcoin because I don't want to inspire someone that I will know to most likely blame me if something went wrong, its better to be lowkey and invest peacefully.

There is no success story that do not have its challenge but people do not talk about the challenges but only the results. For you to become successful you have to pass through many failures therefore we should not only be expecting good results when we invest in Bitcoin. Sometimes the market will fall and if you do not have patience you will be tempted to sell. Some investors did not keep their Bitcoin safe and they lost it so you have to be very protective of your Bitcoin so you do not lose them. We have to learn from all the stories that we heard as it will help us to become successful too. Listening to their success stories should motivate you to want to be like them and prepare you for the worst that you are going to encounter. To avoid losing you should do the things that are right by not storing your Bitcoin on exchange but buy a hardware wallet and keep all your Bitcoins in them.

Many investors succeed in investing in Bitcoin and there are some investors who do not succeed. If you are successful in investing then you must share your investment success story here so that others will be inspired to invest. One's success story motivates us, it doesn't mean that I will be successful if I do business like him or invest like him. 

Basically, there are many stories behind achieving success in investment, those stories may be unknown to many. After an investor invests, only that investor knows how much they struggle with that investment. Those who overcome difficult challenges and hold on to the investment in the end, but those who do not understand anything related to investment, only invest and within a few days they get excited and sell the investment, but in this case, they have very little chance of achieving success. Before investing by listening to the success stories of others, one must know about the investment, its risks and what can happen after investing.

Another way to describe it or consider everything that appears is just reference information and verify for yourself, this market has a truth that most people lose money

But then they will also realize the journey to success without depending on others, as if your life is yours to live yourself and no one will live for you.

No doubt that Bitcoin investors have enough good stories to tell and testimonies to share. This is however not the oldest and older stories alone but also the most recent ones, yes, I mean the ones that happened in less than a year. This is because Bitcoin is the epitome of testimonies, it happens daily, except that it is not everybody who will be able to share such a testimony for many reasons whether is caused by Bitcoin or not. But, if you use the aggression of the oldest stories of Bitcoin investors to judge and hence invest with that mindset, you will be making a whole lot of mistakes because, the coin was very low in price at that time, so some people even made more than x73000 of their investment in it.

The fact now is that can that happen again? This is the reality that anyone trying to invest in Bitcoin should take into consideration. The price of Bitcoin is high now, it takes wisdom and good speculative power to earn from it. People may still invest and gain money easily through it, but be sure that it can't earn you as multiple as you might have read online, no, that can only be in your dreams and imagination as Bitcoin may even find it difficult to move past $100,000 in this bullish cycle and I wonder what its fate would be in the bearish cycle coming.

So no one should entrap themselves in the name of the success story of Bitcoin as the conditions are no longer the same, or else they will regret it.

We can derive inspiration from the success stories of others but we shouldn't assume that it was a smooth ride for all. Reading these success stories serves as a motivation for people to keep hodling regardless of the FUD that is spreading in the crypto space. However, anyone who assumes that everyone who invested in Bitcoin made a profit is either blinded by ignorance or greed. It is only a small percentage of investors made a fortune from Bitcoin. Many of them sold or lost their hodling before the price increased. New investors are advised not to focus only on the benefit of investing in the sector but they should also consider the risks involved.

You’re right but an investor should be the one responsible for searching both the good and the bad in bitcoin. They should know that there really are risks involved and that they shouldn’t really believe in everything they see in social media or in the internet.

We can’t prevent people from sharing their success stories and personally it gives me lots of hope too. But I also know it’s not all like that so I try to control the hope.

No one is completely perfect; from the beginning of the crypto journey, no one knows if it will be as it is today. There were a lot of bad investment decisions back then, and a lot of people were also lucky.
 
If you go online and check out anyone sharing their success stories about Bitcoin investment and do not add about how they failed on multiple occasions, then the person is not entirely to be trusted, and the information given out by him might all be fabricated.
 
If you read a lot of the success stories about investment and trading, if you read them very well from the beginning, you will notice that they first start by talking about their past mistakes and their determination. Knowing what they want is what keeps them pushing further until they arrive at the level that warrants them sharing their success stories.

I don't know about you people but I don't get how you can fall for this kind of story, most of them only serve be an inspirational thing after all so I'm not quite sure what kind of people fall for this supposed to be feel good stories. @blckhawk is right, each individuals have different lives and I believe that, in my opinion, it should be where you're allowed to have a different and unique lives, living as a clone of someone or a shadow of someone that you idolize isn't really an appealing thing to do not to mention that it's not that fulfilling for you to do so.

Because there are only two reasons why most people fall investing in Bitcoin, one is panic selling and another one is hold the coins in centralized sites.

So if there are people who want to success by investing in Bitcoin, they need to learn how to hold their coins for few years and secure their coins in non custodial wallet.

Although there are also many successful Bitcoin investors, but successful people value their privacy. When I hear someone claimed if he's successful by investing in Bitcoin, I'm really skeptic, if he didn't sign a message, I won't trust his claim.

You should read their stories and learn from them. Yes they become rich because they were mostly lucky but they also had curiosity which is as important as being lucky. That’s what I learned from these stories at least. Just because you read them, doesn’t mean you will be like them and some if those rich people went broke later too so there is that. Meaning, everyone has a unique story even though they look alike at the first glance. In the end you should focus on what you are doing instead of having too much interest in what other people do. Otherwise you’ll lose your own way.

People read books to learn from other people’s mistakes and experiences but only a few actually learn something unless they experience the same stuff themselves. Reading a story doesn’t affect their thinking in any way. Then obviously reading a book is a waste of time for these people. They can read lorem ipsum and they won’t notice a difference.

Totally agree, behind all of the success in those stories, there's a lot of heartache, tragedies, and mistakes but they never tell that because that part of the story of that successful person isn't exactly inspiring for people to know about. Never get to carried away listening or reading about these stories, most of the time, it's the fault of the people that would read these stories that they fail miserably in what they want to achieve, they're already an adult that can think for themselves and they should know by now how life for each individual is going to be different no matter what and it's already a common sense that these stories serves as an inspiration and not the exact blueprint to a successful life.

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.

Most of people lose money in the market as traders or investors and even successful investors do have times when they made mistakes, bad decisions, bad capital and risk management so that they got losses, even big losses.

If you notice, actual successful and honest investors, through their speeches will sometimes share their painful lessons from their past losses. Because they can not be mediocre speakers and educators if they don't share their losses, lessons they learned with newbies who want to learn from them.

If any successful investor only says about success, there is hidden fact the person does not want to say and it's hard to trust him or her words.

Warren Buffett’s failures: 15 investing mistakes he regrets

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 ?