indeed many beginners in bitcoin who make bitcoin as a shortcut to get rich quick. and all that is natural, because they see examples that have been successful. but I'm sure that beginners can also change if they get enough experience.because maybe those who are already seniors now could be the same as beginners now.
Topic: People mindset in Bitcoin - page 2. (Read 616 times)
I believe that statement may have been true in the early days of Bitcoin, when the market was more volatile and there were fewer participants. However, as Bitcoin has become more popular and more people have invested in it, the potential for quick riches has diminished. While there is still the possibility for significant gains in the long term, it is important to approach Bitcoin as a long-term investment and not as a shortcut to wealth. Additionally, the market has matured and become less prone to extreme fluctuations, so it may take some time before we see another rapid increase in Bitcoin's value.
I agree that Bitcoin is one of the ways to make money in a short way, but the idea that Bitcoin is the only way to make money is wrong. Because everything has two sides, one is the positive side and the other is the negative side. If you think that you will only profit by investing in Bitcoin then I will tell you that you are wrong. Because the market never stays the same. If the market goes up for some time then the market goes down again and if you buy bitcoin at the wrong time there is a possibility of losing money. That means you must take risks in order to profit or earn money in a short way. The amount of money you buy bitcoins with is the amount of money you risk.
In my opinion, bitcoin, like other assets can help us make money, but because bitcoin is very volatile, so investing in bitcoin can help us to shorten our time to get rich compared to other investments.
Whether we make money or not, how much money we earn depends on ourselves, not only on bitcoin. Bitcoin is only giving us an opportunity, and whether we take advantage of it to the fullest of our potential is up to us. No matter how good Bitcoin is, if you don't know how to invest, you will still lose normally. Our success or failure is on our own, not because of bitcoin or anything.
I agree that Bitcoin is one of the ways to make money in a short way, but the idea that Bitcoin is the only way to make money is wrong. Because everything has two sides, one is the positive side and the other is the negative side. If you think that you will only profit by investing in Bitcoin then I will tell you that you are wrong. Because the market never stays the same. If the market goes up for some time then the market goes down again and if you buy bitcoin at the wrong time there is a possibility of losing money. That means you must take risks in order to profit or earn money in a short way. The amount of money you buy bitcoins with is the amount of money you risk.
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What's your take on these?. I know that what have advantages still have disadvantages, hoping with Bitcoin to survive can cause delay on some of our opportunities,
There is no shortcut to getting richer, especially if you don't have the money to start investing in bitcoin, but I agree that bitcoin is the closest way to make a profit. If you have the skills and have the money, then bitcoin can bring you to the stage of perfection in investing. Bitcoin can make someone richer it will look very ridiculous for people who don't have money to get involved in investing.But the point that bitcoin can change your financial capabilities for the better makes a lot of sense, when you're trying to invest small and regular. The point is how to start getting involved, even though the available capital is very small and we still try to make regular purchases according to the money we have.
For a person to invest in bitcoin, that person needs to have a backup plan for their financial situation. In my opinion, bitcoin is not a quick way to get rich, as some people think.
Because of this, you must acquire funds to invest in bitcoin. Otherwise, you risk losing your money if you sell it due to financial difficulties and expect the money you invested in bitcoin to return in a short period of time.
The investors in bitcoin in the past are the ones we believe gained money quickly, but given how the bitcoin market is now operating, we don't think anyone can get wealthy more quickly through bitcoin investment. If bitcoin were a quick method to get wealthy, some people would already be wealthy, since I believe there are some forum members who invested roughly a year or two ago but haven't yet made enough money to cover their initial investment in order to turn a profit.
Because of this, you must acquire funds to invest in bitcoin. Otherwise, you risk losing your money if you sell it due to financial difficulties and expect the money you invested in bitcoin to return in a short period of time.
The investors in bitcoin in the past are the ones we believe gained money quickly, but given how the bitcoin market is now operating, we don't think anyone can get wealthy more quickly through bitcoin investment. If bitcoin were a quick method to get wealthy, some people would already be wealthy, since I believe there are some forum members who invested roughly a year or two ago but haven't yet made enough money to cover their initial investment in order to turn a profit.
For a person to earn fast money, structure have to be put in place for a long time ago, can't specify the period because it still depends on the investment. Bitcoin is seen as an important thing that have a lot of value, many people think of getting rich easily, for my experience money is the most hardest thing to get. Why will person think of get rich fast with Bitcoin when you don't have any foundation on ground, it's not possible, assuming you Participated in bitcoin from the beginning our thought towards you will be right.
People have different views and perception on Bitcoin, some persons believes Bitcoin to be a get rich investment,
There are a lot of outsiders out there who of course they have a different point of view, Bitcoin has been running on top of the world and of course the majority of several countries know this, so because of this, of course someone's opinion will differ in understanding Bitcoin, maybe Bitcoin is one of the investment digital assets that makes someone rich, but this requires time and travel from an investor in facing all obstacles.
The logic is that Bitcoin does not promise every user that they will get rich quickly, this is a saving/investment asset that is superior to some of them, I think this is one way to get at least what is needed through investment, but what we need to understand is this too have a risk even though the level of risk is not the same as the others.
It is true if someone should claim that bitcoin is a route through which one can earn financial stability or make some financial freedom for themselves but what's not true is when it's being claimed that bitcoin is a shortest way of becoming rich and financially free. Investing in bitcoin doesn't make anyone rich immediately or within a short while, as you have to do your own part of the waiting, strategizing and holding with good techniques required to stay profitable at the end. There's no short cut
People have different views and perception on Bitcoin, some persons believes Bitcoin to be a get rich investment, it could actually be true because so many people are making money on a daily basis from Bitcoin investment as it is a volatile market, while others are skeptical or afraid of losing money.
If bitcoin was the shortest way of money and become rich, we're no longer in here and we're enjoying our lives with what we've earned. But these people have to understand that it's the same as the other markets where there are losers and winners.
The early adopters that kept a lot are one of the winners today together with those people that have bought when it's below the current market price.
They're enticed and encouraged that way when they've seen early adopters showing how much their gains are. But that mindset should be changed because it's totally far from before where bitcoin was priced in 4 digits and below unlike today.
The early adopters that kept a lot are one of the winners today together with those people that have bought when it's below the current market price.
They're enticed and encouraged that way when they've seen early adopters showing how much their gains are. But that mindset should be changed because it's totally far from before where bitcoin was priced in 4 digits and below unlike today.
You need money to make money. During the last bear market Bitcoin was at $7-8, the ATH was $69k. That's only 10 times increase. If a poor person managed to save $1,000 and executed the perfect trade, they would only have $10,000 which doesn't make them rich, it's not enough to even buy the cheapest house. And billions of people in the world don't have even $1,000 to spare. Plus trading is not exactly easy if you never done it before - a lot of beginners buy at some random point, experience a downturn, get scared and sell at a loss. Or take very small profits, nowhere near even x10.
People who got truly rich from Bitcoin are those who invested very early and held for very long and made x100 or x1000 gains. That's how you can turn thousands of dollars into millions.
That is one of the biggest myths that new users have when they enter the market or the cryptocurrency universe in general. They think that they can get rich quickly with Bitcoin or other cryptocurrencies, but it's not true at all. Though one can earn a significant amount of money with successful trading it all depends on the amount of money one is investing in the market.People who got truly rich from Bitcoin are those who invested very early and held for very long and made x100 or x1000 gains. That's how you can turn thousands of dollars into millions.
And, those who learn the basics and come to know the truth, choose scams and unusual coins and tokens thinking they will get higher returns, which again, makes them lose their capital, and then due to anger and frustration, they leave and talk bad about the whole technology.
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but have not seen Bitcoin as short way of making money, as Bitcoiner, are we not sure that it's encouraging to think that Bitcoin is the shortest way of making money, because i heard people arguing of Bitcoin as as source of liberating people from financial problems but i disagree with that, because if bitcoin were the shortest root to solve financial problems many people would have be out of financial issues. What's your take on these?. I know that what have advantages still have disadvantages, hoping with Bitcoin to survive can cause delay on some of our opportunities,
It may be encouraging for people to have the impression that Bitcoin is the shortest way to make money but this certain belief has led to a worse experience for a lot of newbies through Bitcoin because they are fed with your information and never make the right decision through their investment.Having said that, people said Bitcoin is financial liberation because fiat currencies are losing value every day while Bitcoin presents a safe haven and the best alternative to safe from fiat devaluation.
Bitcoin can make you increase your wealth if you understand how it works and take advantage of fast changing price fluctuations, buy when the price is cheap and sell when it is expensive. The mindset of some people about Bitcoin as a shortcut to getting rich is not entirely wrong, one of the main causes is the drastic price changes when they buy and sell it.
Try buying Bitcoin while the price is still low and keep it for a few years, when the price has increased you can sell it to secure existing profits. Bitcoin which is increasingly limited and has more and more enthusiasts, will make the price continue to rise.
To get rich with Bitcoin takes patience.
Try buying Bitcoin while the price is still low and keep it for a few years, when the price has increased you can sell it to secure existing profits. Bitcoin which is increasingly limited and has more and more enthusiasts, will make the price continue to rise.
To get rich with Bitcoin takes patience.
People who have the misconception that bitcoin is a business where you will invest money today and make a whole lot of profit tomorrow are those who are poor despite owning bitcoin. It is the wrong mindset, and anyone thinking this way should purge themselves of it. If you want quick money, avoid bitcoin investment if you don't want to be disappointed. You have to be patient with Bitcoin and know when to take profits. Just like someone who starts a business today and expects to make a fortune the next day.
some people out there always think that Bitcoin is the shortcut of getting rich when you invest in Bitcoin,
Some people might think after hearing the success stories of early adopters. But, It is not. It is an alternative to your shady bank account wallet with more security and privacy. It has some advantages and disadvantages as well. Before you buy Bitcoin, You should know what the advantages and what are disadvantages are.
because if bitcoin were the shortest root to solve financial problems many people would have be out of financial issues. What's your take on these?. I know that what have advantages still have disadvantages, hoping with Bitcoin to survive can cause delay on some of our opportunities,
Exactly. This is not the shortest way. They have the wrong idea.
The primary and only disadvantage of Bitcoin is it's incredibly volatile. If you want to keep bitcoin for the short term, you must be aware that you may have to sell it for a loss if you need urgent cash and touch your bitcoins. But, You will make a good profit if you hold it long-term.
but i disagree with that, because if bitcoin were the shortest root to solve financial problems many people would have be out of financial issues.
People who got truly rich from Bitcoin are those who invested very early and held for very long and made x100 or x1000 gains. That's how you can turn thousands of dollars into millions.They've just got to stop looking for past history in progressive times, as they would end up hurting themselves and yet bitcoin would stay bitcoin.
Bitcoin is not a certain way to quickly become wealthy or resolve all financial issues. When working with brand-new, erratic assets like Bitcoin, it's crucial to invest responsibly, have financial knowledge, and exercise prudence.
Bitcoin is not a 'brand-new' asset, i know it is not as old as most traditional assets but it is already over 13 years since its inception, and not just that, it has survived quite a lot within that time, including economic crunch which people said would signal the end of Bitcoin if it happened. I wouldn't categorize Bitcoin and its network as erratic because it is very safe, the price might be unpredictable to an extent, but it boasts of a solid network.Having said that, people who want to invest in Bitcoin still have to follow the rule of thumb of investing only what they can afford to lose because it is not a get rich quick scheme, you are correct about that, but so it is in other traditional investments, one has to always invest responsibly, you can't basically just throw all your have into an investment opportunity no matter how safe you think it is.
but i disagree with that, because if bitcoin were the shortest root to solve financial problems many people would have be out of financial issues.
You need money to make money. During the last bear market Bitcoin was at $7-8, the ATH was $69k. That's only 10 times increase. If a poor person managed to save $1,000 and executed the perfect trade, they would only have $10,000 which doesn't make them rich, it's not enough to even buy the cheapest house. And billions of people in the world don't have even $1,000 to spare. Plus trading is not exactly easy if you never done it before - a lot of beginners buy at some random point, experience a downturn, get scared and sell at a loss. Or take very small profits, nowhere near even x10.
People who got truly rich from Bitcoin are those who invested very early and held for very long and made x100 or x1000 gains. That's how you can turn thousands of dollars into millions.
Bitcoin as a decentralized digital asset, not regulated by any authority, can be self-regulated and there will be no storage fees for third parties. But bitcoin has risks. When someone says that bitcoin can solve financial problems, then everyone will be competing to get into bitcoin. But in fact bitcoin will not be that easy to solve financial problems. It all also depends on how someone can use bitcoin as a good place to manage finances, making long-term investments rather than getting good profits. Not without risk, all investments will definitely have risks. Bitcoin risk is high volatility that makes the price very volatile and if they can't be patient and panic too much then they will lose everything.
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