Very true OP. So many people give off the idea that it's a fast and assured way to make money, however, that is not entirely true as time and patience are needed to get returns. And this is why people end up falling for scam projects. For the people who I have introduced Bitcoin, I normally give a disclaimer that it isn't magic and that patience is crucial. Hopefully, we can get the message right as it will really help reduce FUD.
Apart from the fact that what you introduce must be understood as something that is not magic by the person who receives Bitcoin information from you, that person must also learn by himself to understand the risks and how to apply patience to what he will do by owning Bitcoin. Because the creation of FUD will always exist and will always be done by people who are proud to like Bitcoin or even don't like Bitcoin at all. So this also needs to be understood very completely by anyone because Bitcoin is getting better now and other projects are still not able to beat Bitcoin. 
Topic: Give Bitcoin investment time (Read 897 times)
You have said it all, because Bitcoin is not a get rich quick scheme platform, but to go get rich investing on Bitcoin is sure business that needs time and patience, while waiting, for a example of Bitcoin price for 5 years ago, can't be compared with the present price, even the cryptocurrency market is on bear market and is far better and profitable to compare with the previous bear market.
Unfortunately, when people buy Bitcoin, they expect huge profits within a short period of time. This is the source of panic and fud that is exhibited by many Bitcoin investors.
It's not Bitcoin that needs time but we are the ones who actually need time. We sometimes expect too much of something instantly. Even though we understand the meaning of investment. In any investment, we definitely need time so that we can achieve the targets we expect. We ourselves set the time until when we can achieve this target. If our desire is to invest in Bitcoin to become rich or get many times the profit in a very short time then you could say we are not investing, but rather something that forces circumstances to our will. without considering various surrounding factors. Bitcoin is something very valuable and that's for sure. and there will come a time when Bitcoin will rise again to its previous target until it exceeds it. so let ourselves be more patient and not rush into investing.Yes, Bitcoin has value and a huge amount of promise. But getting into the crypto world takes a deep understanding of both how the market works and how to keep your wallet safe. Hacking efforts are on the rise, and digital assets are always at risk, so protecting your investments is very important. We need to know whats going on, be alert, and wait. Then we can really use Bitcoin and other cryptocurrencies for what they're meant to do.
- In these times, if you are capable of buying bitcoin and you have an idea, it is really good to give it and focus on it to save bitcoin.
But if you just do it without understanding anything, don't do it.
And let's go back to saving Bitcoin. There are many people who do this; others spend years and months saving Bitcoin through the DCA method, and I am one of those who apply it. And I'm doing this wholeheartedly and without hesitation because I know 100% that it will really bring good savings two years from now.
But if you just do it without understanding anything, don't do it.
And let's go back to saving Bitcoin. There are many people who do this; others spend years and months saving Bitcoin through the DCA method, and I am one of those who apply it. And I'm doing this wholeheartedly and without hesitation because I know 100% that it will really bring good savings two years from now.
When people start up a company, they give it some years before they expect profits. Most times they even re-invest their profits to expand and build their company to the standard they desire and this requires time. Furthermore, when people buy stocks of a company or make investment in businesses, they give it time which run into years before they expect profits.
Unfortunately, when people buy Bitcoin, they expect huge profits within a short period of time. This is the source of panic and fud that is exhibited by many Bitcoin investors.
While educating people about Bitcoin, I think it is wise we tell them Bitcoin need time to yield profit, let us change our approach in sharing Bitcoin knowledge so that people will not come into Bitcoin with the mindset of get-rich-quick.
Unfortunately, when people buy Bitcoin, they expect huge profits within a short period of time. This is the source of panic and fud that is exhibited by many Bitcoin investors.
While educating people about Bitcoin, I think it is wise we tell them Bitcoin need time to yield profit, let us change our approach in sharing Bitcoin knowledge so that people will not come into Bitcoin with the mindset of get-rich-quick.
Very true OP. So many people give off the idea that it's a fast and assured way to make money, however, that is not entirely true as time and patience are needed to get returns. And this is why people end up falling for scam projects. For the people who I have introduced Bitcoin, I normally give a disclaimer that it isn't magic and that patience is crucial. Hopefully, we can get the message right as it will really help reduce FUD.
Unfortunately, when people buy Bitcoin, they expect huge profits within a short period of time. This is the source of panic and fud that is exhibited by many Bitcoin investors.
It's not Bitcoin that needs time but we are the ones who actually need time. We sometimes expect too much of something instantly. Even though we understand the meaning of investment. In any investment, we definitely need time so that we can achieve the targets we expect. We ourselves set the time until when we can achieve this target. If our desire is to invest in Bitcoin to become rich or get many times the profit in a very short time then you could say we are not investing, but rather something that forces circumstances to our will. without considering various surrounding factors. Bitcoin is something very valuable and that's for sure. and there will come a time when Bitcoin will rise again to its previous target until it exceeds it. so let ourselves be more patient and not rush into investing. When people start up a company, they give it some years before they expect profits. Most times they even re-invest their profits to expand and build their company to the standard they desire and this requires time. Furthermore, when people buy stocks of a company or make investment in businesses, they give it time which run into years before they expect profits.
Even many large newly built companies do not expect profits in the first and second years. Because they know that building a business is not easy and other tools are needed as support to make their company grow. So they will still spend large amounts of capital to reach market segments according to the product development they are creating and in the first and second years they will still not target large profits.Investing is like building a business cause like what you said above mate building a business is not an easy one you must spent a big amount of money but you can't receive a profits in that Tay or that year cause it takes more time. Like in investing which is long term investment in Bitcoin we can not expect that once we buy a coin now we can earn a lot of profit tomorrow honestly speaking Bitcoin is for long term investment we can earn a big profit but in a long term.
Investment needs time to yield the profit. However there are some fundamental differences between crypto and non-crypto assets which should be carefully understood before buying any from the investors point of view.
Patience is something of a virtue here, you cant hope to make money from bitcoin just by buying a lot today. It will cycle through bear and bull and then you sell it to get the profit. Haste will lead to waste here and the altcoins shining out as methods to quickly get rich are horrible choices often taken by newbies and gullible people.
It's certain that all investments need a time of its own so they can prosper and be progressive in time. Same with bitcoin investment, the more you become patient to hold your coins for a longer duration, the higher the chances that you will get bigger returns. Knowing bitcoin price always appreciate year after year, then long term hodling is the key. Patience is something of a virtue here, you cant hope to make money from bitcoin just by buying a lot today. It will cycle through bear and bull and then you sell it to get the profit. Haste will lead to waste here and the altcoins shining out as methods to quickly get rich are horrible choices often taken by newbies and gullible people.
However, not all bitcoin investors have come to realized this. What they expect is that bitcoin can give them quick profits just like any scam investment, but bitcoin works differently. The more you give time to your investment, the higher net of profits you will received. That's why some investors tend to forget their investments and just come back again after 5-10 years of hodling for massive profits.
Please sound it more clearer.
People seem to mount unnecessary pressure on themselves as a result of wanting so much profits in no distant time and this is also one of the reason why alot of people get easily scammed and people should first identify and understand their target and goal in the industry as to of they will be holding for a long time or day trade as our interest are always different bjt at the long run, I also agree that most of this mentality was passed to them from people that got them into the space and when they don't get what they want and what was promised, they tend to give up and speak of cryptocurrencies which is wrong.
People seem to mount unnecessary pressure on themselves as a result of wanting so much profits in no distant time and this is also one of the reason why alot of people get easily scammed and people should first identify and understand their target and goal in the industry as to of they will be holding for a long time or day trade as our interest are always different bjt at the long run, I also agree that most of this mentality was passed to them from people that got them into the space and when they don't get what they want and what was promised, they tend to give up and speak of cryptocurrencies which is wrong.
The first mentality that many comes in with is in seeing bitcoin as that quick and fastest means of making money, they never want to learn or even think about it that one can make losses without having any background foundational knowledge about bitcoin, this is one of the reasons we always encourages that newbies should always be patient in going through the process of learning first to understand what they are into.
When people start up a company, they give it some years before they expect profits. Most times they even re-invest their profits to expand and build their company to the standard they desire and this requires time. Furthermore, when people buy stocks of a company or make investment in businesses, they give it time which run into years before they expect profits.
Unfortunately, when people buy Bitcoin, they expect huge profits within a short period of time. This is the source of panic and fud that is exhibited by many Bitcoin investors.
While educating people about Bitcoin, I think it is wise we tell them Bitcoin need time to yield profit, let us change our approach in sharing Bitcoin knowledge so that people will not come into Bitcoin with the mindset of get-rich-quick.
Unfortunately, when people buy Bitcoin, they expect huge profits within a short period of time. This is the source of panic and fud that is exhibited by many Bitcoin investors.
While educating people about Bitcoin, I think it is wise we tell them Bitcoin need time to yield profit, let us change our approach in sharing Bitcoin knowledge so that people will not come into Bitcoin with the mindset of get-rich-quick.
If the newbies expect a huge profit in a short period of time, it is better not to pursue it because they will only lose money. Because what they think is easy, they are wrong. Many have fallen into this wrong mindset. This is the kind of soldier who just attacks an army by himself, so what happens in the end is that he is just pinched or torn like a louse.
That's how I can compare the newbies who immediately decide like that in crypto trading without thinking. Trading here is like a course that must be studied first before actually engaging in actual trading. Theory, train, and practice, then actual trade first of all.
Please sound it more clearer.
People seem to mount unnecessary pressure on themselves as a result of wanting so much profits in no distant time and this is also one of the reason why alot of people get easily scammed and people should first identify and understand their target and goal in the industry as to of they will be holding for a long time or day trade as our interest are always different bjt at the long run, I also agree that most of this mentality was passed to them from people that got them into the space and when they don't get what they want and what was promised, they tend to give up and speak of cryptocurrencies which is wrong.
People seem to mount unnecessary pressure on themselves as a result of wanting so much profits in no distant time and this is also one of the reason why alot of people get easily scammed and people should first identify and understand their target and goal in the industry as to of they will be holding for a long time or day trade as our interest are always different bjt at the long run, I also agree that most of this mentality was passed to them from people that got them into the space and when they don't get what they want and what was promised, they tend to give up and speak of cryptocurrencies which is wrong.
Maybe that is because this is what they see Bitcoin (or as a quick rich scheme) so their expectations are high about it. It also depends on the people. Be it BTC investment, or a business, there will always be people who are too impatient. The source of panic is not because of it but it is due to FUD and other negative (legit) happenings in the market. It won't also be possible if their emotions aren't too fragile enough.
We never fail to educate people about Bitcoin, it's just that they neglect it and rush in the gold. There is no need for us to change the way we taught BTC but the one's that needs a change are those people in our subject.
Perhaps, they were taught that once they invested today, they already made a profit the next day. And they believe those words from social media influencers. Well, I couldn't say it was totally wrong because sometimes it happens that there is a pump after buying and making the statement right but most of the time, it bond to be wrong. But if we have to understand clearly the meaning of investment, we can just realize that it takes time to harvest results and takes several months or years, not days. We never fail to educate people about Bitcoin, it's just that they neglect it and rush in the gold. There is no need for us to change the way we taught BTC but the one's that needs a change are those people in our subject.
We can never expect extra profit in a short period of time. At the time of opening a business, we don't assume that initially we may lose money in this business and accepting those losses, but we build a business and maintain the business after the losses occur for a period of time. Why do we expect huge returns in a short period of time when investing in Bitcoin where we accept losses to build a business. Be it business or investment, it is possible to earn a lot of profit in a short period of time. We think now is a good time to invest in bitcoin but if we expect huge amount of profit while investing in bitcoin then it would be foolish for us to think. Even if we invest now, we may have to wait a long time before that. After a long period of time if the market changes enough we will see a return on our investment.
Actually, that's where most newcomers in this market are getting this wrong.
Because they thought this market will be their savior and will give them huge profits once they enter in this market.
And this is why a lot are getting disappointed after learning that there's more than meets the eyes before you can really earn something.
The good time to invest in this market is whenever you have your extra funds, you should not feel pressure from people around you because it is your funds that are on the line.
I think everyone here already knows that. I think it's more important not to push people into Bitcoin. If they are interested themselves - you can tell them everything you think you should. But just doing that from nothing is kinda pointless.
Even those who know about bitcoin still need to hear more information about it, so if we have information that can add to anyone's knowledge, we should always share it with them.For those who know nothing about bitcoin, giving them information about it is also not a good idea, and I don't think that's where the problem comes from.
Where we always have problems is when someone who is giving out the information to the next person happens to always be teaching it in the wrong way, giving those who need the information the wrong mindset and making them feel like bitcoin can change their financial status.
If you can educate anyone about bitcoin as a secured means of savings and any other feature that it has and warn people against seeing it as a means of getting quick money, then we can rest assured that very few people will have to view it as a Ponzi scheme again.
We can never expect extra profit in a short period of time. At the time of opening a business, we don't assume that initially we may lose money in this business and accepting those losses, but we build a business and maintain the business after the losses occur for a period of time. Why do we expect huge returns in a short period of time when investing in Bitcoin where we accept losses to build a business. Be it business or investment, it is possible to earn a lot of profit in a short period of time. We think now is a good time to invest in bitcoin but if we expect huge amount of profit while investing in bitcoin then it would be foolish for us to think. Even if we invest now, we may have to wait a long time before that. After a long period of time if the market changes enough we will see a return on our investment.
Maybe that is because this is what they see Bitcoin (or as a quick rich scheme) so their expectations are high about it. It also depends on the people. Be it BTC investment, or a business, there will always be people who are too impatient. The source of panic is not because of it but it is due to FUD and other negative (legit) happenings in the market. It won't also be possible if their emotions aren't too fragile enough.
We never fail to educate people about Bitcoin, it's just that they neglect it and rush in the gold. There is no need for us to change the way we taught BTC but the one's that needs a change are those people in our subject.
Not only other people but I personally have been a person who rushes into everything. Including Bitcoin investment. But sometimes we know that we have to give it time until we can get maximum benefits. But when the market provides little profit, sometimes we rush to take advantage. We released bitcoin too quickly. But that happened when I didn't understand what the Bitcoin halving was and didn't see better potential in the future. Because after I really studied bitcoin, I now understand that bitcoin is indeed more suitable for long-term investment. So I think almost all beginners will always go through this phase. but in the end if they can learn more then they will understand how to invest well in Bitcoin. We never fail to educate people about Bitcoin, it's just that they neglect it and rush in the gold. There is no need for us to change the way we taught BTC but the one's that needs a change are those people in our subject.
I think they don't have a good idea about bitcoin because they don't have faith invest in bitcoin and proceed with faith. There is no fear of getting lost in the crypto market bitcoin is at the top of all currencies. Other currencies rise in value depending on the price of bitcoin is the best currency to invest in and it is possible to earn some profit if you wait long term. Like all other currencies there is no reason to fear if the price goes down it's just a matter of time before it pumps up again.
Investors can experience a portion of Bitcoin's profits, which makes investors restless to receive dividends as they lose patience. Here if we invest in Bitcoin for long term, the number of profits will definitely be higher so this kind of information should be mentioned while acquiring Bitcoin education. And the investor should be taught more that investing in bitcoins requires patience and high risk tolerance. So if you invest as a typical investor it is definitely possible to get benefits. Many people get restless when the price of Bitcoin falls but there is no reason to fear that Bitcoin will roar again in 2021. It is possible that Bitcoin will surpass its previous price at each halving.
When people start up a company, they give it some years before they expect profits. Most times they even re-invest their profits to expand and build their company to the standard they desire and this requires time. Furthermore, when people buy stocks of a company or make investment in businesses, they give it time which run into years before they expect profits.
Unfortunately, when people buy Bitcoin, they expect huge profits within a short period of time. This is the source of panic and fud that is exhibited by many Bitcoin investors.
While educating people about Bitcoin, I think it is wise we tell them Bitcoin need time to yield profit, let us change our approach in sharing Bitcoin knowledge so that people will not come into Bitcoin with the mindset of get-rich-quick.
This is a realization that most of the people who want to invest in bitcoin do not actually understand bitcoin well and their decision to invest in bitcoin is not because they are highly knowledgeable about it but they invest because they believe that bitcoin will offer quick profits just by short term investing. In reality, it is very wrong because in all kinds of investments, profits are gained after years of business operation and bitcoin is never an exception. And its clear that those who risk in business do not enjoy profits very early but most of the time, they incur losses at first before they will come to enjoy the fruits of their business, that is their most awaited profits. Unfortunately, when people buy Bitcoin, they expect huge profits within a short period of time. This is the source of panic and fud that is exhibited by many Bitcoin investors.
While educating people about Bitcoin, I think it is wise we tell them Bitcoin need time to yield profit, let us change our approach in sharing Bitcoin knowledge so that people will not come into Bitcoin with the mindset of get-rich-quick.
Education can be vital for all bitcoin investors. That they should understand all the basics about bitcoin first before they take part in risking their money to invest in bitcoin. And just like other type of businesses, bitcoin investment needs more time to progress before people will enjoy harvesting their profits.
Its good that you brought up the need for knowledge. Lets be honest: how many people really take the time to learn about the blockchain, freedom, and security of cryptocurrencies? A fleeting few. Putting money into stocks without fully understanding them can have terrible results. Bitcoin should no longer be seen as a way to get rich quickly. Instead, it should be treated like any other serious business. Dont jump on bandwagons without knowing where they're going. Instead, dive deep and learn the ropes.
Bitcoin investors desire quick returns and may become tired of holding their coins due to fear. However, they can still be part of Bitcoin by being open to new ideas and not viewing it solely as a means to make money. They perceive Bitcoin as riskier than their professions, as they don't fully trust it.
I think they don't have a good idea about bitcoin because they don't have faith invest in bitcoin and proceed with faith. There is no fear of getting lost in the crypto market bitcoin is at the top of all currencies. Other currencies rise in value depending on the price of bitcoin is the best currency to invest in and it is possible to earn some profit if you wait long term. Like all other currencies there is no reason to fear if the price goes down it's just a matter of time before it pumps up again.
Bitcoin investors desire quick returns and may become tired of holding their coins due to fear. However, they can still be part of Bitcoin by being open to new ideas and not viewing it solely as a means to make money. They perceive Bitcoin as riskier than their professions, as they don't fully trust it.
I think they don't have a good idea about bitcoin because they don't have faith invest in bitcoin and proceed with faith. There is no fear of getting lost in the crypto market bitcoin is at the top of all currencies. Other currencies rise in value depending on the price of bitcoin is the best currency to invest in and it is possible to earn some profit if you wait long term. Like all other currencies there is no reason to fear if the price goes down it's just a matter of time before it pumps up again.There's still fear involved if your are doing investment cause we're still not sure about Bitcoin's outcome since it's volatile, plus some of the investors exit earlier than holding for a long time, due to they really prefer quick-profits. There's no actually wrong with that, since some would really need money as soon as possible so they prefer quick-profits so we could also consider it similarly to trading. Cause if we can observe, Bitcoin's is at 25K-30k+$ at the moment, if we were expecting profit if you invested at 20k$ then it's safe to say that you could already exit. But some really prefer to hold for that long and wait for the bull run. Still I prefer long term investment, as you could avoid being emotionally and mentally pressured and drained like trading, especially with the DCA method where you can consistently invest in a price and day you set.
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