im new to this bitcoin business | Bitcointalksearch.org

Fivestar4everMVP

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Quote from: HoratioDaGod on March 10, 2023, 09:10:03 AM

the year is young and im ready to start investing !!! i heard this stuff is how u make millions. we're making it out of the cold streets of hull foreal!!! Grin

BTC

Definitely, you gonna make millions if you invest millions, this is just the simple analogy right now.

I hate to be the bearer of a bad news, but I must be honest with you, the stage at which bitcoin made turned $100 investors into millionaires is gone, at the current stage bitcoin is right now, you get what you put in, this is, if you invest means, then possibly, you gonna make millions back in profit, there is a high chance your profit is gonna be in the hundreds, while if you invest thousands, your profit will likely be in thousands.

So the above is my way of saying, don't invest a $100 in bitcoin and expect to bitcoin a millionaire, this will likely not happen even if the price of bitcoin skyrockets to $1 million dollar..
So watch it.

decodx

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Hey OP, welcome to the Bitcoin community! It's always great to see new people joining. And yeah, there are definitely stories out there of people striking it rich with Bitcoin. But, it's important to remember that it's not a guarantee. It's all about doing your research, understanding the risks, and making informed decisions, and it's important to approach investing in Bitcoin (or any other asset) with a level head and realistic expectations.

Have you done any research on how to get started with investing in Bitcoin? Have you thought about how much you're willing to invest and what your long-term goals are? These are all important things to consider before making any financial decisions.

serjent05

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Quote from: HoratioDaGod on March 10, 2023, 09:10:03 AM

the year is young and im ready to start investing !!! i heard this stuff is how u make millions. we're making it out of the cold streets of hull foreal!!! Grin

BTC

I hope when you said you are ready to start investing, you already grasp the basics of Bitcoin economy. Not because you heard many people are getting millionaire because of Bitcoin investment, the same thing will happen to you. In reality the ratio of people getting rich in cryptocurrency is only a handful compared to those who had lost their investment. Not all people are lucky, have the fund, and have the patience and perseverance to see things through while hodling with their Bitcoin. Among the Bitcoin investos which one are you? Your answer will determine whether you will be profitable in this venture or not.

Obari

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Welcome to the crypto space and I wouldn't have to preach the good sides of crypto to you because i believe who ever introduced you to crypto already did all of that to you and that's why you're already having the mindset of making millions.
I also want you to understand that crypto and Bitcoin is a very volatile digital asset and as such, there are risk possibilities of losing money and I mean your entire investment in a twinkle of an eye.
I would advice that you invest in acquiring the right knowledge about Bitcoin before jumping into investing in it as no time is too late to be in the field but first things first.

SirLancelot

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Quote from: Hamza2424 on March 10, 2023, 11:57:10 AM

Quote from: HoratioDaGod on March 10, 2023, 09:10:03 AM

the year is young and im ready to start investing !!! i heard this stuff is how u make millions. we're making it out of the cold streets of hull foreal!!! Grin

BTC

Haha, dear, you heard and you are now pretty confident to invest, so understand first this is a risky investment market but BTC is considered as much more reliable as compared to shit and altcoins. Carefully study first and then wait patiently.

Indeed it's funny when someone sees Bitcoin as get rich quick scheme. Someone already told it or they saw it online without verifying if those things are true or not but they just jump here immediately. I doubt many people can make millions in Bitcoin because it just takes a long time for the Bitcoin price to rise and people will mostly sell before they see it.

As much as they want a profit, these people must understand the underlying risk in Bitcoin because it is highly unstable and it can dumped a lot of times. I wouldn't say it's reliable because of it this but it is much better compared to the shitcoin and some altcoins for some reasons.

goinmerry

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Quote from: HoratioDaGod on March 10, 2023, 09:10:03 AM

i heard this stuff is how u make millions.

Having a mindset with that expectation might just result in an improper way of handling and managing your bitcoin.

Treat your investment like any investment that needs to be focused on in order to achieve a good result in the long run.

While it's true that the "stuff" you are referring to can make millions, it depends on how will you turn it that way.

bosede1

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I hope you have millions to invest into bitcoin for you to be this cheerful. You make your profit according to your investment level, also if you will be investing for the long term you will be sure to yield a greater level of profit.

summonerrk

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Quote from: HoratioDaGod on March 10, 2023, 09:10:03 AM

the year is young and im ready to start investing !!! i heard this stuff is how u make millions. we're making it out of the cold streets of hull foreal!!! Grin

BTC

Your enthusiasm inspires hope, but try to be more restrained on the forum. As you can see, we share opinions in a detailed style, we try to give productive advice. You are not the first newcomer to the forum and there are a lot of topics here that will help you adapt. First, I advise you to familiarize yourself with the main rules so as not to get banned.

Bananington

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Quote from: HoratioDaGod on March 10, 2023, 09:10:03 AM

the year is young and im ready to start investing !!! i heard this stuff is how u make millions.

With this high expectations of making millions, you will quickly be disappointed if getting rich from bitcoins is what you have planned. It is not impossible, but at the same time not as easy as the person who told you about bitcoins and how it is the stuff to make millions from, made it sound. Investment in bitcoins can name you rich and can also make you poor. Investment in bitcoins does not guarantee profit or riches.

I will like to advice you @OP that you find out what bitcoin really is for and abandon that bad notion that you have about it as a way to get rich quickly.

Hamza2424

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Quote from: HoratioDaGod on March 10, 2023, 09:10:03 AM

the year is young and im ready to start investing !!! i heard this stuff is how u make millions. we're making it out of the cold streets of hull foreal!!! Grin

BTC

Haha, dear, you heard and you are now pretty confident to invest, so understand first this is a risky investment market but BTC is considered as much more reliable as compared to shit and altcoins. Carefully study first and then wait patiently.

Justtoons

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Quote from: Pokapoka124 on March 10, 2023, 09:47:31 AM

Quote from: HoratioDaGod on March 10, 2023, 09:10:03 AM

the year is young and im ready to start investing !!! i heard this stuff is how u make millions. we're making it out of the cold streets of hull foreal!!! Grin

BTC

I suppose this perception of bitcoin isn’t going to change. Bitcoin isn’t a get-rich quick scheme or a hack to wealth. The volatile nature of bitcoin make it a risky investment. For now, avoid trading bitcoin or altcoins. Take your time to learn what you’re investing in and decide for yourself if and when its worth investing in. I think your attitude will change when you understand what bitcoin really is; the good, the bad, and the ugly.

You are totally correct, people see Bitcoin as a get rich schemes and this has affected them alot. You are welcome of course to the Bitcoin world but for now, all you should be doing is learn and understanding everything there is about Bitcoin.

Rushing into investment isn't going to be good as you may lose your funds. Try learning for now and you will be good to go in no time. Also you can check out some topic here on this forum as they will help you a lot.I learnt from them too

Check these ones out.

https://bitcointalksearch.org/topic/new-to-bitcoin-start-here-7269

http://andrewbadr.com/log/10/bitcoins-and-why-im-buying-them/

AakZaki

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Quote from: lizarder on March 10, 2023, 10:11:32 AM

Realistically there is no chance of getting big profits if you only have small capital, let alone using short-term patterns in the investments you make. A good opportunity that can be exploited in investing is to use DCA and this pattern is perfect for those who don't have large capital to take a purchase approach.

If trust in bitcoin investment has grown, this pattern can be applied to collect bitcoins, for example you can make bitcoin purchases every month for $ 100 and the accumulation of purchases continues to be made regularly, then in the long run you will get big profits

DCA is implemented in stages, even though it has a small capital but if you make regular purchases it will be a big advantage. If the purchase every month is $ 100 then in a few years if it is done regularly, there will be a lot of profit that can be obtained, the accumulation of capital will produce a lot of bitcoins, then hold it until it reaches a new ATH. It's not too late to do it now, and now bitcoin is also correcting and dropping below the $19k price area.

thecodebear

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Quote from: HoratioDaGod on March 10, 2023, 09:10:03 AM

the year is young and im ready to start investing !!! i heard this stuff is how u make millions. we're making it out of the cold streets of hull foreal!!! Grin

BTC

With that kind of motivation this guy is sure to lose money lol.

Litzki1990

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Given the current market conditions, it is not clear how suitable Bitcoin is for investment right now. Although Bitcoin pumped a lot earlier this year, recently it appears that the Bitcoin market has turned downwards. I myself invested some amount of bitcoins but I am facing losses now. So since you are new to crypto currency and you are planning to invest in Bitcoin then I will tell you to observe the market for a few days. Then you can invest in the market if you want.

Sorryfor

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Quote from: HoratioDaGod on March 10, 2023, 09:10:03 AM

the year is young and im ready to start investing !!! i heard this stuff is how u make millions. we're making it out of the cold streets of hull foreal!!! Grin

BTC

If you want to invest in the current market, the Bitcoin market is suitable for investment at this current time. But since you are a new investor, you will start investing with little first. However, if you invest all the money you have now, you may profit in the future. But if you invest for a short period of time you won't earn much profit so you have to invest in Bitcoin for a long time and hold it. And if you buy and hold Bitcoin for the long term, you can definitely make a lot of money. But you can never get millions of dollars by investing in this time.

lizarder

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Quote from: HoratioDaGod on March 10, 2023, 09:10:03 AM

the year is young and im ready to start investing !!! i heard this stuff is how u make millions. we're making it out of the cold streets of hull foreal!!!BTC

Realistically there is no chance of getting big profits if you only have small capital, let alone using short-term patterns in the investments you make. A good opportunity that can be exploited in investing is to use DCA and this pattern is perfect for those who don't have large capital to take a purchase approach.

If trust in bitcoin investment has grown, this pattern can be applied to collect bitcoins, for example you can make bitcoin purchases every month for $ 100 and the accumulation of purchases continues to be made regularly, then in the long run you will get big profits

samuraijin

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Quote from: HoratioDaGod on March 10, 2023, 09:10:03 AM

the year is young and im ready to start investing !!! i heard this stuff is how u make millions. we're making it out of the cold streets of hull foreal!!! Grin

BTC

How much money do you have and how much do you want to invest in Bitcoin, because there are many ways to invest not just buying bitcoins, you can also buy several other coins, such as ETH, BNB, BSC, POLYGON and many more, all of that can you invest with the money you have, if you want to get big profits and of course you have to have a large enough capital from the results of your dead money, definitely not money for household needs because if you use it then it will disrupt your long-term investment in the future , then that's why most people don't think that way and end up losing their investment.

uneng

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Quote from: HoratioDaGod on March 10, 2023, 09:10:03 AM

the year is young and im ready to start investing !!! i heard this stuff is how u make millions. we're making it out of the cold streets of hull foreal!!! Grin

BTC

It depends on how much you are willing to invest and for how long you will hold. For small investors who buy 100$ in btc or something like that, it's unlikely they are going to make millions, also because right now bitcoin is in a more advanced stage compared to its early years of existence, so percentage increasements in price tend to be lower. Bitcoin is a good investment and it does return nicely on long term, but it's not a magical "Midas touch" which is going to turn everything around into gold without any challenges.

Pokapoka124

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Quote from: HoratioDaGod on March 10, 2023, 09:10:03 AM

the year is young and im ready to start investing !!! i heard this stuff is how u make millions. we're making it out of the cold streets of hull foreal!!! Grin

BTC

I suppose this perception of bitcoin isn’t going to change. Bitcoin isn’t a get-rich quick scheme or a hack to wealth. The volatile nature of bitcoin make it a risky investment. For now, avoid trading bitcoin or altcoins. Take your time to learn what you’re investing in and decide for yourself if and when its worth investing in. I think your attitude will change when you understand what bitcoin really is; the good, the bad, and the ugly.

Zaguru12

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It’s a great thing you have plans to invest and investing into bitcoin will be a good thing. Fiat’s inflation makes it difficult to invest in. Your mentality of growing millions from this investment is not right at all. Looking at that profit target can only force you to invest more than you can lose. Although bitcoin is seen as the freedom of money due to its decentralization but it also comes with its own risk which is the volatility. I would advice you to look into acquiring its knowledge first as it will give you an insight on it before investing on it

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