Give Bitcoin investment time - page 4.

Popkon6

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Quote from: adultcrypto on October 15, 2023, 11:23:25 PM

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.

Investing in Bitcoins can't be over greedy because if you over greed you will continue to face losses. Investing in Bitcoin should be done for the long term. Many investors actually invest in a company, they stay patiently for a long time and don't give up on the company even if the profits are limited. But there are also investors who come and invest in Bitcoin and get a small profit, but they can't forget the Bitcoin small profit and sell the Bitcoin again. So this should never be done, investing in Bitcoin for a long time will definitely make the portfolio much bigger. So if one wants to invest Bitcoin price is very low at present so it is good time to invest for long term. Because in future its price will increase more and then your benefit will be more.

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Quote from: adultcrypto on October 15, 2023, 11:23:25 PM

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.

those are the people that does not completely understand Bitcoin nature and they don't even know what are the advantage of waiting here than taking it eaily.
investments takes time that is why being called Investing.

Quote

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.

actually the best way is to Just tell them what is bitcoin and let them read and understand from this forum of what more they need to understand.

it is the best way how to lure them and not to make them stupidly seeking for easy money.

Su-asa

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Investment is not a thing we should rush into, sometimes we should give it more time, in terms of profit making, it's good to be just patient to make profits, profits don't come in just a day or week from investment, investments should be given more time and not rush.
It is a bit hard to make a profit from Bitcoin investment mostly a big profits and again knowledge is one side part of profits, if an investor have a knowledge but don't yet have money to invest in Bitcoin, one day the person might still have money to invest.

Rupok

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People think it is easy to make profit from Bitcoin, you are right they invest in other platforms never expect to profit so fast. But only by investing in Bitcoin they expect quick profit. But they don't know that enough time is required to earn profit from Bitcoin. Most of the investors in the trading sector are impatient because they are always worried about the profit. Bitcoin is not an investment for the impatient.People who don't understand anything about Bitcoin and lack of education about Bitcoin face the risk of investing on the impulse of others.

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Quote from: Y3shot on October 18, 2023, 04:52:08 PM

To be able to invest bitcoin well is to understand bitcoin, not having understanding of bitcoin one will think starting investing money to make one rich can be made so fast. It is the understanding of bitcoin that makes people to wait for so long for the bull market.

To be honest, I agree more like this because indeed to reach the stage of maturity in investment in Bitcoin must understand Bitcoin first. There is no wealth like the lottery obtained because it requires a process to become a richer person and capital will determine the level of profit we will get.

Quote from: Y3shot on October 18, 2023, 04:52:08 PM

But when the understanding is not their are money things to much about bitcoin, like making money from it so fast and also predicting the time the bull market will come. Understanding is the basic thing people needs to strive for because understanding bitcoin it is impossible to have the patience to wait for the bull market.

Because the existence of knowledge can bring someone to conclusions about understanding trust in Bitcoin. The level of trust is not born just because seeing others benefit from Bitcoin but we must foster trust through direct involvement in it. We will get predictions, cycles and halving as long as they continue to be consistent in the investment and Bitcoin will bring someone to reach the stage of financial freedom.

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Quote from: Renampun on October 18, 2023, 05:51:00 PM

There are still many people out there who don't understand anything at all about Bitcoin, they think Bitcoin is one of the bubble projects, gambling and so on.

That's very true, they think that it's just a fad and a bubble and still don't recognize the greater achievements that it has got over a period of time. They treat it as a gamble because of how speculative it is and it's intangible.

Quote from: Renampun on October 18, 2023, 05:51:00 PM

In fact, Bitcoin is an investment asset that can provide profits because its value can change in the future. The saddest thing I've ever heard is that, because of a lack of education about Bitcoin, some scammers collect a lot of people's money with the lure of investing in Bitcoin, but the reality is not like that, these fraudsters actually take away other people's money that they have collected, as they go along time, we have to know the ins and outs of bitcoin.

The problem is those fraudsters while they use Bitcoin as their getaway from stealing people's funds. Those who lack knowledge about Bitcoin think that it's the actual scam and not those fraudsters and scammers who are using it as their means of scamming people. And that gives the idea for the non bitcoiners that they should avoid it because of potential scam and they don't want to dig deeper the whole thing and understand that it's being abused by the scammers. Well, it's their loss and not ours when we took risk and spent time to understand it, we do get the whole point.

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Quote from: Y3shot on October 18, 2023, 04:52:08 PM

Quote from: Razmirraz on October 18, 2023, 08:43:44 AM

The first investment that investors need to make before investing in Bitcoin is to learn all the advantages and disadvantages of Bitcoin. The most important capital is knowledge, not money. When you fully understand the nature of Bitcoin, you will be wiser in responding to Bitcoin market conditions. Patience, time and emotional control can help you become a successful investor. Bitcoin is not a get rich quick scheme, if you make the wrong decision, you will lose all the capital allocated to invest.

To be able to invest bitcoin well is to understand bitcoin, not having understanding of bitcoin one will think starting investing money to make one rich can be made so fast. It is the understanding of bitcoin that makes people to wait for so long for the bull market. But when the understanding is not their are money things to much about bitcoin, like making money from it so fast and also predicting the time the bull market will come. Understanding is the basic thing people needs to strive for because understanding bitcoin it is impossible to have the patience to wait for the bull market.

It may not have to be bitcoin alone now, everything we do in making business requires time, this will be the procedures to the requirements needed for the invest made to mature and yield it kind for us, that is why we should stop encouraging for a quick time return on investment because if they don't undergoes these process, they are likely to be fake or scam, no body will give us money in return on investment made within 24hrs, what have they also achieved with the use of our money if not that they would have scammed others to give us their money, so a good investment need time to make profits no matter how small or big.

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Quote from: adultcrypto on October 15, 2023, 11:23:25 PM

...
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.

There are still many people out there who don't understand anything at all about Bitcoin, they think Bitcoin is one of the bubble projects, gambling and so on. In fact, Bitcoin is an investment asset that can provide profits because its value can change in the future. The saddest thing I've ever heard is that, because of a lack of education about Bitcoin, some scammers collect a lot of people's money with the lure of investing in Bitcoin, but the reality is not like that, these fraudsters actually take away other people's money that they have collected, as they go along time, we have to know the ins and outs of bitcoin.

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Quote from: Y3shot on October 18, 2023, 04:52:08 PM

Quote from: Razmirraz on October 18, 2023, 08:43:44 AM

The first investment that investors need to make before investing in Bitcoin is to learn all the advantages and disadvantages of Bitcoin. The most important capital is knowledge, not money. When you fully understand the nature of Bitcoin, you will be wiser in responding to Bitcoin market conditions. Patience, time and emotional control can help you become a successful investor. Bitcoin is not a get rich quick scheme, if you make the wrong decision, you will lose all the capital allocated to invest.

To be able to invest bitcoin well is to understand bitcoin, not having understanding of bitcoin one will think starting investing money to make one rich can be made so fast. It is the understanding of bitcoin that makes people to wait for so long for the bull market. But when the understanding is not their are money things to much about bitcoin, like making money from it so fast and also predicting the time the bull market will come. Understanding is the basic thing people needs to strive for because understanding bitcoin it is impossible to have the patience to wait for the bull market.

Unfortunately, it is already been our mind that after buying Bitcoin we can make a profit after, and not it talk years but just days or weeks only. That is why a lot of people got scammed because of that thinking and these scammers take advantage of situations where they offer returns within 24 hours after deposit.

As we don't understand how it works and have no deep knowledge about investment -- the more chances that we get to the point of quitting and selling off our coins as we can't wait longer. And much more if that is a loan money used for our capital.

Y3shot

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Quote from: Razmirraz on October 18, 2023, 08:43:44 AM

The first investment that investors need to make before investing in Bitcoin is to learn all the advantages and disadvantages of Bitcoin. The most important capital is knowledge, not money. When you fully understand the nature of Bitcoin, you will be wiser in responding to Bitcoin market conditions. Patience, time and emotional control can help you become a successful investor. Bitcoin is not a get rich quick scheme, if you make the wrong decision, you will lose all the capital allocated to invest.

To be able to invest bitcoin well is to understand bitcoin, not having understanding of bitcoin one will think starting investing money to make one rich can be made so fast. It is the understanding of bitcoin that makes people to wait for so long for the bull market. But when the understanding is not their are money things to much about bitcoin, like making money from it so fast and also predicting the time the bull market will come. Understanding is the basic thing people needs to strive for because understanding bitcoin it is impossible to have the patience to wait for the bull market.

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Quote from: MFahad on October 18, 2023, 02:21:52 PM

Actually this thing is repeated again and again and in my opinion those who are participant of crypto since last two or three years will have get this point but in the case of newbies they should put this thing into their mind. Not only bitcoin but nothing can make you rich in a short time so be conscious about your work and give time to it and don't forget that bitcoin should be saved in a wallet for at least one cycle which refers to the duration of four years.

As we cannot understand a stranger in a day so same is the case with bitcoin about which we cannot learn in a day but some years are required for acquiring whole details and reap benefit by holding it. I think a person who is patience less from the start will never be in patience because habbit cannot be changed.

Habits can be changed, you just need to have the determination and will to do that. Being rich can be an ambition and hard work with determination is the process. Bitcoin can be the creation of some nerds but it follows the very basic principles of economic supply and demand. If someone understands how supply and demand work, it won't be hard to educate them about bitcoin.

MFahad

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Actually this thing is repeated again and again and in my opinion those who are participant of crypto since last two or three years will have get this point but in the case of newbies they should put this thing into their mind. Not only bitcoin but nothing can make you rich in a short time so be conscious about your work and give time to it and don't forget that bitcoin should be saved in a wallet for at least one cycle which refers to the duration of four years.

As we cannot understand a stranger in a day so same is the case with bitcoin about which we cannot learn in a day but some years are required for acquiring whole details and reap benefit by holding it. I think a person who is patience less from the start will never be in patience because habbit cannot be changed.

moneystery

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"people who rush usually fall when they run" these words are very appropriate to represent people who invest in bitcoin to get rich quickly. investing in bitcoin is not a quick way to get rich, even though the goal is profit, but when someone thinks about getting rich quickly by investing in bitcoin, it is a form of people's lack of understanding of bitcoin as an investment asset.

a person who invests in bitcoin must first understand what bitcoin is and how to manage investments in this asset. they need to throw away the notion that they will get rich quickly from this investment because there have been many like that and ended up losing money. what they have to do is manage good investments, maintain their psychology, and remain patient and consistent in investing in bitcoin, that is the most important key.

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Time is all we have.
Bitcoin is not a golden goose anymore, at least not in the short run.
Still there is a lot of upside and the future price might shock us all ( positively hopefully ) , but expecting a miracle fast rise is out of the question.

I think only people that are new to crypto might believe they can make fast cash with it because " it happened before as well", but thinking like this is nonsense of course.

Long term there are all the possibilities, and that's how investors should see it. It's a long term investment.

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Quote from: adultcrypto on October 15, 2023, 11:23:25 PM

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.

Maybe they are because they see other people profiting in a fast time and when he invests in bitcoin he has no patience and in the end panic sells halfway.
Usually people who get rich quickly from their investments see opportunities from bitcoin because of possible price fluctuations but they will never know how investing takes a long time.

Quote from: adultcrypto on October 15, 2023, 11:23:25 PM

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.

People's mindset is always different when they start investing, they will think about the benefits so much ... and in so many years...., this pattern of view is clearly wrong, it's just that their way of thinking is not like an investor in general who has been involved for years.

They must understand that bitcoin is indeed the best investment, just not to get rich quick in 1/2 year.

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Quote from: adultcrypto on October 15, 2023, 11:23:25 PM

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.

That's is one of the mindset most people normally have, by thinking investment is something they could venture into and become a millionaire overnight, it doesn't work that way, every investments has a process to undergo before profit could be expected.

And when we talk about investment is something that has to do with long time because there is no way you could enter and expect a huge return immediately, so that's why people should be sure of the kind of investment they want to make before venturing into it ecause in times of Bitcoin investment time is the most important thing to consider because of the volatile market and the possibility of making a profit from Bitcoin within a short time is not certain but however if you choose to hold, there could be a likelihood that in the near future you will see the benefits, so let's give our investment a time and stop panicking.

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Bitcoin investment is a long-term thing. If you are expecting a quick and early profit from Bitcoin, you are living in a fool's paradise. Usually, people who invest in stocks as well as in Bitcoin have a mindset to earn a quick profit. These things are profitable when you invest in them for the long term. Most of the bitcoin holders are long-term investors because you can hit a fortune if you wait for 10 years. Let's say a person invested $1000 in early 2013; after 10 years of holding, that investment is now worth over $2M. You can calculate your ROI for the future long-term investment.

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Quote from: adultcrypto on October 15, 2023, 11:23:25 PM

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.

Then they blame price fluctuations that it is too risky if they invest in bitcoin. Furthermore, those who hope for quick profits on Bitcoin will blame various factors that prevent their desires from being fulfilled.
They may have never worked in a company so they don't understand how the company does bookkeeping in calculating how much profit they will make during that period.

I think, the type of people who invest in bitcoin like this only hear about bitcoin investment from close people without doing their own research on how to invest correctly. They do not deserve to receive profits from the investments made.

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Quote from: adultcrypto on October 15, 2023, 11:23:25 PM

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In the example that you have given, the platform and the system are both different, but a startup business has to make an investment at the beginning and it is often seen that it also faces losses, but if they can carry on the business, then they have the possibility of getting great success in the future. The purpose of my saying this is to avoid all the losses that will happen in the beginning of any business start-up.
And this is where we find some similarities with Bitcoin. If the amount of investment in Bitcoin can be increased with patience and can be held for long term then great success can be seen. There are many people who have been holding bitcoins for 9-10 years and they were now more than millionaires.

Quote from: jeraldskie11 on October 18, 2023, 10:39:03 AM

True, and some people think that volatility is not good. For me, that's the one of the biggest reason why Bitcoin is good for investment.

I can't really agree on this point because from what I've seen so far, I think these volatilities is one of the powerful side Bitcoin. Without these high volatilities, there might not have been the opportunity to gain more than 2x,3x, or 4x profit from Bitcoin that it still has.

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Quote from: Wend on October 18, 2023, 10:14:33 AM

Bitcoin is a get rich faster scheme if we compare it with other investments like gold, stocks or real estate. Bitcoin is more volatile and has a higher growth rate than them, that's why we choose bitcoin, but it is not an investment that can make us rich in just a few months or in a year as many people are thinking.

True, and some people think that volatility is not good. For me, that's the one of the biggest reason why Bitcoin is good for investment.

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In investing, knowledge and capital are equally important. If we only have capital but no knowledge, we will only enter the market as food for sharks. But if we only have knowledge without capital, knowledge will become useless if not applied in practice. There needs to be a balance between the two to produce the best results.

These two are essential in every type of investing. Tiny capital can only yield tiny profits, whereas large capital can yield large profits because we can only profit by percentage. This does not imply that you must invest large sums of money immediately once; instead, you should start with a little amount and then expand your capital if your investing strategy is successful. If you invest in any type of investment without understanding, you are simply gambling.

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