Topic: People mindset in Bitcoin (Read 616 times)

Understanding and knowledge are considered very important to review the extent of people's readiness to take risks, talking about investments is basically never free from risk, both bitcoin and other crypto, but it's different when someone understands bitcoin fundamentally. We can decide to accept bitcoin as an asset for investment and also have to be prepared to lose, at this stage it's not because bitcoin is unable to maintain its investment value, but rather the pattern of approach we take according to the stages. For example during this perio, bitcoin's selling price decreased, while we bought it at a slightly higher price, if someone understands bitcoin fundamentally, then the steps that must be taken are waiting for the next period of increase, not vice versa selling bitcoin due to panic.

That is the importance of knowledge to minimize unnecessary risk levels, so that someone will be brought to a conclusion on the decisions taken. Talking about the opportunity to get rich, go back to the person and how much money we have and how accurate the strategy we use in investing is, so that in the near future we will feel big profits. If we only rely on small capital, then the possibility of becoming richer from investing in bitcoin in the near future is impossible.

They have different perspective in bitcoin some people seeing Bitcoin as one of the tool use in hacking and other kind of illegal action that could be use as mode of payment. But its before not until now there's a lot of improvement and innovation people now are using the bitcoin as one of the tool for different payment into business and establishment also in form of investment by keep holding and make a trade of it. Many people become rich on it but not as always people is for everyone there's some down by just having mistake where to invest.

One thing is true, don't expect to get rich overnight for whatever your investment assets are.
Bitcoin allows every investor to get a return, but of course the strategy used will affect how much return you will get. Usually a large budget will allow you to earn large returns, so don't be too optimistic about large returns if you only invest a small amount.

I agree analysis plays an important role in making your plan work smoothly on investment, but simply you can still buy on every dip to get returns in the long term.

Because I am not using Bitcoin as a currency for payment in my country, I will consider much about using Bitcoin as a digital asset, commodity asset, and worthy asset for investment, both short or long term. Bitcoin is always profitable, but never forget about the risks, too. I believe that we can see some pros and cons of Bitcoin. This will exactly depend on us, how we are able to manage Bitcoin in our life. But of course for me, Bitcoin is very worthy asset, Bitcoin has changed my life, truly, this is more than digital asset as usual.

What we need also is to face any FUD that is spread about Bitcoin, and stay crosscheck everything informed abut Bitcoin because we also understand how people are still having opinions about Bitcoin. Many people still hate Bitcoin because of unfair information spread on the media.

Indeed Bitcoin has made alot of people rich but this have affected alot of others mindset thinking they can just buy anytime and get rich quickly instead of them to do a proper research in order to know the right time to buy and sell for their investment plans

Despite the fact that the cryptocurrency industry as a whole is still in its infancy, Bitcoin has been around for quite some time. Other cryptocurrencies, on the other hand, are still young businesses, and investors ought to treat them accordingly.
Before making an investment in a cryptocurrency, it is recommended that you investigate the founders' backgrounds, previous projects, and industry experience as well as the industry landscape to ensure that you understand it. In point of fact, you should approach an investment in cryptocurrencies in the same way that you would a new business.

I guess there is no shortcut to being rich, everything is done by hardwork, full determination and perseverance. Even in gambling, you can’t expect that those who hit the jackpot prize and become instantly millionaire have not lose a thousand at first. Most especially with bitcoin, knowing the risk is high, still even if you have high knowledge and honed skills in it, you won’t be easily become rich with bitcoin. But for those who have been investing bitcoin for such a long time and has been managing their risks all throughout that long years, most likely they have been in a state right now of financial stability and independence.

Buddy, what do you mean by that? Is bitcoin a substitute for work? How? Are you employed by bitcoin? Who hires and pays the employees?

So, you made your point that bitcoin can bring in money, perhaps right after it has grown from having no value to being worth billions of dollars. But why did you say that we must give bitcoin good financial reasons in return? You are confusing Mr. Greggry. I am curious if your bitcoin investment has already relieved you of financial stress anyhow.

Bitcoin isn't a get rich quick schemes so that statement isn't true. Those that have made quick money from investing in Bitcoin in a very short period of time were just lucky and same can't be replicated with others as if you buy without understanding the market or planning to hold for a very long time, you can be dumped on. Investing in bitcoin is a patience game, you have to have lots of patience if you want to come out successful from your investments. Those that buy Bitcoin now and hold until we get to the next bull market are those that'll be in profit and not those that just buy when Bitcoin is already on the raise.

As a beginner, your mindset should always be focused on accumulating Bitcoin throughout the bear market as that's when bitcoin is usually selling at a discount. You can achieved that by buying them all at ones or DCA until you reach your targeted amount of Bitcoin to hold. The mindset shoudn't always be about making quick money or you'll get distracted by all the shitcoins spreading around the market in the name of altcoins and you'll giving away the capital you could have used to secure your future (through investing in Bitcoin) to this altcoins that aren't worth it.

To me bitcoin is substitute for work, cryptocurrency are more likely to be seen as uncontrollably digital assets, so making is not an optional, you need money to make money in it. This is not ponzi scheme or get rich quick, 3 things determines your expectations which are; capital volume, price and market. Don't expect too much when you start with little capital of $50-$100 it might not take you to anywhere. But more also people who use huge capital hardly loss or lose except out of greediness.

My point, yes bitcoin can add you to less financial stress but you must also give bitcoin good financial reasons.

they think of getting rich quickly with Bitcoin but don't see the risks involved. some newbies are too naive to think about quickly doubling their money on Bitcoin assets. even those who do not have the knowledge and skills are willing to leave their money to invest in Bitcoin to their friends who understand Bitcoin better. it's risky, but someone does it.
everything takes time, nothing is instantly rich because of Bitcoin. maybe there is but it's part of people's luck. and not everyone has the same luck.

Indeed, this is a very common mistake in crypto investment. The presumption is to become rich quickly with shortcuts in crypto investment, so that most investors, especially newbies, think that they will soon become rich if they invest in crypto. but they are not ready for all the risks, including price changes that are really fluctuated. And because of this unpreparedness it sometimes makes them feel down and end up panic selling their assets, without them knowing that they can still get profits if they want to hold on a little longer. but because they already think of being richer from crypto quickly, it becomes easier for them to panic buy and panic sell. This is the importance of understanding before investing in crypto, so that we can be wiser in our assumptions and hopes.

Some people come from unrealistic approach and those people introduce this to then is just over exaggerated about explaining bitcoin to them and mostly they always tell that bitcoin is fast money scheme that's they believe something like that which is common thing to newbie.

But for sure further realization will came that its not easy on everything on crypto once they try it and might they found the true use of bitcoin when seeing more people how they define and use it for their transactions.

When people start thinking so there will be imagination in the practice of its application, which becomes a problem when there is no mind to understand something and you don't have knowledge as a supporting factor.

Bitcoin is an alternative to making money and very close to achieving profits, but it requires understanding, pattern and strategy because it is not as fast as you think. Regarding wealth, how far will you invest and how much capital do you have to achieve instant riches in Bitcoin, not to mention we are talking about investment patterns and strategies and if you apply the wrong strategy, you may incur losses especially when it comes to price fluctuations.

Those were the golden days 10 years ago when one could literally mine a bunch of Bitcoins only using their PC without any heavy machinery or graphics card requirements, and only a few of the people from back then must have held on to their coins since no one really expected Bitcoin to grow as high as $69k per coin when it was initially worth a few cents.

People who believed in Bitcoin and held at least a portion of their holdings from back then are almost millionaires today, if not millionaires, they surely have a few hundred thousand dollars for sure.

This is not the best mindset that a person have when it comes to crypto currency. Bitcoin or other crypto that have good potential doesn't mean it is a get rich quick type of investment or whatever you do with crypto. Some people did get rich because of Bitcoin but it take some time before that happen. It's up to you on what you want to do either investment, trading or holding BTC in your wallet are one of the things you can do and more. You could say that it is an asset when you own BTC and you can use it to earn money (Patience is a must though).

Point of correction, Bitcoin is not a shortcut to getting rich, but it is just an investment option that has the potential to make you rich, depending on how long you hold your coin, because the reason why many persons sees Bitcoin as that currency that can make you rich is simply because if by example 10yrs ago, you had own just 1 or 10 Bitcoin back then when it's mining process was quite simple and could be done with mere smartphone or a desktop computer, by today you would have been a proud holder of over $28k to $280k Bitcoin with respect to today's current price.
But it's never too late, as if you wish to get rich with Bitcoin, just invest in it today and leave for next 10yrs or more.

Regardless of the foundation, it can be drawn that everything requires a process of achievement, time, process, and capital (both in terms of money or material and others), this certainly has a straight line, especially we need a certain amount of money to convert it to be used as an investment asset, and as well as the preparation of the initial management structure, and the overall impact they will get according to the target followed by a time process of course.

Some people view it that bitcoin will give them wealth, which should happen in the life of a user, but apart from that time and process are very closely related to achieving the wealth of a holder in the sense that this does not happen in a short time, only the time they need to all this, for those who do it using assumptions and excessive ambition I think they chose the wrong path in terms of their use of Bitcoin Assets. and it looks like they will be hard to reach

It's good that you understand things pretty well. Bitcoin is definitely not a get-rich-quick scheme, and as you said, a person should never have the money invested in Bitcoin that they might need in the near future because you never know how long it may take for your investment to turn profitable, that's why it's recommended to only invest the money that you have in spare.

Those who have got rich from Bitcoin are probably those who got access to Bitcoin in its early days and accumulated and stored a lot of it when it was too cheap, and now when its value is too high, their Bitcoins have turned them millionaires probably, if not, they probably have enough money to be called rich.

You are absolutely right, sir; Bitcoin is an added advantage in increasing our financial growth. Just like other assets that show appreciation over time, like bonds, stocks, and real estate, they may take a long time and their profit may not be huge, but Bitcoin volatility can always be profited from, and it can be just a short-term gain depending on the market swings.

Most people usually have the misconception that Bitcoin is just the only means to make money, and especially when they hear people telling their crypto stories, they may just end up believing that Bitcoin is the only option, but just as you have said, the amount of wealth and riches we acquire depends on individuals; Bitcoin is just a support.


Beginners should not get so overwhelmed by success stories; they need to really take time and understand what bitcoin investment really entails, because just as smack that Ace has said, if beginners take the wrong approach to investing in Bitcoin, they will lose their funds, not because it is the fault of Bitcoin but because they fail to understand some principles of Bitcoin investment. In my opinion, Bitcoin should not be perceived as the only means to financial freedom or a get-rich-quick scheme.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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 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.


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.

Even in that, you still got to say thousands of dollars and that thousands is what most individuals don't have. The cryptocurrency industry has adequate many become greedy and sourcing for the 2009/10 possible but, 2020/23 impossible. They've got to wake up and understand that the times have changed and even a 100% or 100x increase would take a long time to come through and to benefit off it, you've got to have a lot to have put in as well.
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 '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.

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.

Every individual in the community knows it's on motive or objectives towards Bitcoin, and some people haven't been informed properly concerning Bitcoin, i believe that Bitcoin has made people rich and it's through investment and especially long term investment precisely, but that doesn't make us to think that with Bitcoin you can easily be rich, inside the Bitcoin investment, it involves two things, and one is advantages for the investment and secondly disadvantages for the investment also, and it's obvious that theirs is every tendency that you bitcoin investment can handcap you due to the disadvantages that's involve for the investment.

Not all, I think not all who have a lot of money will be easier to make more money (in trading). Those who don't have the expertise will lose a lot from the money coming in. So in trading Large capital without expertise is useless. But a large capital with good skills will make him more money. Therefore, for beginners it is not recommended to use big money.

Use your small money to learn, once trained then using big money will make more sense. That's what I did seven years ago when I started entering crypto trading.

indeed many people say that the way to get rich quickly is one of them by investing in bitcoin.
but of course it's not that easy because investing in bitcoin requires extensive knowledge, because investing in bitcoin without knowledge will definitely have the potential to experience bigger losses,
and I often see people who lose investment in bitcoin due to lack of knowledge.
but I also see a lot of people who invest in bitcoin and are now rich, which turns out to be the key to his success due to his extensive knowledge.

Bitcoin is not a certain way to quickly become wealthy or resolve all financial issues. When working with brand-new, erratic assets like Altcoins, it's crucial to invest responsibly, have financial knowledge, and exercise prudence.

Yeah, you were right but it will take a lot of time before they get there. I mean, holding wasn't that easy if you have to wait for four long years before you could sell all of your asset/Bitcoin then you have to wait the bear market/bottom so you can reinvest again and do the same.

Most people don't like that way while they didn't know that getting profit or more money isn't going to happen in a day. That's why most of them fail when investing because of their doubt that they risk too much not knowing the fact that you have to risk in order to achieve what you want. Thus, invest only on what you can afford to lose.

That's some start that I find rather funny which is indeed serious. When we talk about people or individuals having to invest, it has got a lot to do with using your money to buy some or a bitcoin which is at about $22.8 right now and that's no small money. Or you might as well get portions of it in sats, using what ever penny you can afford to invest with. Be it as it may, your profit would come in ratios related to what you've put in.

But also, you don't really need to put your money as someeans of acquiring some sats. Being open to payments in the bitcoin currency is surely a means but, your employer has got to offer it first. It could be payment for your services and that could be well enough for a start.

For sure really, if people could see bitcoin for a currency rather than an asset, we might have these get rich quick through cryptocurrency ideas fade out.

It takes money to make money and that is why people that has money make more money than people that have never had money before.

An investment of 10,000 dollars is supposed to work more than an investment of $1000 in a normal circumstances and he that earns 10000 dollars monthly can easily make an investment of 5000 dollars, but he that earns $1000 monthly cannot make an investment of 5000 dollars. This is why bitcoin make the Rich to become richer. Apart from those that invested in early stage of Bitcoin who got x1000

Bitcoin isn't the shortest way to getting rich because you need money to buy it and you need to hold for few years in order to make huge profit.

If you want to getting rich in quick, there are few ways to do it: rob the bank, become a criminal, gamble with the lowest probability to win, steal someone money, trade a new shitcoin that worth for less than one cent etc.

But of course I wouldn't advice you to do that and it's better to build your wealth slowly, not find the shortest way with high risk.

Whoever has money needs more. How do you invest in Bitcoin if you have no money? You need to invest some money first where start trading with few or small amount of bitcoins. If you invest at the right time, it is definitely possible to make a profit. Because in the future Bitcoin will advance by 3 steps in 2024 from the current price.  So if you want to own some amount of money then definitely start investing bitcoins little by little. If you want Bitcoin you can hold it for long term.

There's nothing bad depending on Bitcoin as a means of elevating yourself from your financial problem. Bitcoin can be used as an investment opportunity because of the features it has like it's limited supply and constant demand it gets from the public. This features bring about the price appreciation of the coin so you can use it as both an investment opportunity and a currency. There's no shortcut of getting rich and that's what people don't understand. No matter what you want to do to get rich, you'll always put work in them and most times the amount of work needed will be more than what you were putting in at the other means you tried in getting yourself rich.

If you results to scamming in trying to get rich, you'll need money invested in some tools that can be used to deceive gullible investors. You'll need sleepless night working on your schema etc. The shortcut people think leads to success actually end up costing them more as you could sacrifice your life in the process or freedom of movement by ending up in jail so youactually end up risking more when those shortcut are taken.

On my experience, When I say bitcoin, here are their mindset, Crypto, Investment, Scam, Digital Money, blockchain, for the people who have been a victim of scam, using bitcoin, their thinking is scam, which we cannot blame them not to trust bitcoin, for others who understand and learn the benefit of it, its either investment, digital money.
The liberating of the people is that we have full control of the money, unlike the money in our banks that being held, and being use to get more profit for our money, giving us a few slice, of the bigger circle, liberating is not about having money but free from other organization, just for example, when you deposit money, they don't have any restriction, but once we are going to withdraw all the money we are being for to just get it in a hard way which is wrong, with bitcoin/blockchain, we have full control of our money.

It is not a matter if we all use Bitcoin on Bitcoin network. Agree or disagree, if we use Bitcoin on its network, we are contributing to keep its network alive and become bigger. We are helping Bitcoin adoption.

If they see shortcut with Bitcoin, they will use leverage and bet then lose money. However it is not anything faulty from Bitcoin, those people are only stupid and very greedy.

It is more like a shortcut to get poorer for those people, not to get richer.

People have different understandings and different points of view of bitcoin. It is not necessary for everyone to have that same kind of understanding of bitcoin, unless they have the basics.

People think Bitcoin is some quick rich scheme, and the reason behind this is very clear. Some people bought bitcoin very early and kept it until the price grew high, and they became so rich with that money. The internet got better of the news, and they got viral for investing so little money and in return, they got millions, I think for this kind of viral news, common people think that bitcoin is something that can make them rich.

Almost people mindset about Bitcoin is the way how to be richest person by investing or trading, no doubt with many people want to earn much profit and increasing their investment assets trough Bitcoin with shorth time. There are not matter about mindset want to earn much profit in Bitcoin investment if have right way and smart analyze how to research with Bitcoin price day by day.

Have fatal mistake mindset with Bitcoin investment and not ready if price dropped later, many people have one side accepted from Bitcoin how to earn much profit but they was forget about how Bitcoin investment make us losing our fund when price drop drastically.

It is that reality that attracts some people and plunges into disadvantage. Because they don't want to learn much and immediately benefit. Worse they don't hesitate to borow money in the Bank to get into this highly volatile trade with large funds. In the end, they suffered a lot of losses because they didn't understand crypto so they said crypto as a scam.

I think the mindset of people who think Bitcoin is the shortest way to quickly fix their financial problems, sometimes it might end up being a disappointment.
Because of their initial mindset they expected big profits quickly and it was not as easy as they imagined.
People who can be successful and rich with Bitcoin in my opinion are people who can really take advantage of the opportunities that exist with the money they have.
Sometimes successful people with Bitcoin seem easy to others, but in reality they are faced with many risks that we may not necessarily be able to deal with.

People has made profits from owning estates or land properties and people have lost money doing so. This is just an explanation of the unpredictable nature of investing.

My problem is not that people are telling others that Crypto-currency is gives profits but the way and manner people explain this to others. Never give someone a financial advice and stand on your ground as hundred percent always educate them also about the risk.

Some people may differ in some of their views, for example bitcoin is an alternative for future payment instruments by fighting fiat which is inflation or they have views about getting rich from bitcoin investments. I think every individual has a way with their pattern to treat bitcoin as he pleases, including the average is the wishing rich on long-term investments.

But bitcoin is the right way to make money in a short time, this is not a shitcoin that can be pumped 100x times and then thrown away, because the process of increasing bitcoin is long and there is always a history that we see and it is not easy to invest in bitcoin there is still a big risk in it due to high volatility.

There is no perfect system. Yes bitcoin might be a good reason of some solving financial freedom and problems. Maybe for early buyers who really trusted bitcoin. But those people are probably either a risky investor or just fond of the idea of bitcoin. You cant be sure what wouls be the end game for bitcoin, but many believe it will be use for long term. It is an asset that backed by nothing or reserve but many believed in it thats why its value is ver far since its inception. Me too, I adherr to its uses and advantages. Though we cant deny that bitcoin as well have not all pros it can offer.

Wealth and poverty belong to the individual, the way he saves it and deals with money, even if he has more than 100,000 bitcoins, he will be poor within several years, no matter how high the bitcoin price is, if he does not modify his way of thinking and how he deals with liabilities and investing in assets, or moving away from extravagance in lusts.

Therefore, Bitcoin is not the solution to be rich, but it will help you get rich, especially if you are from a country where a million dollars is considered obscene wealth.

It's so believed everyone on Bitcoin is for a major aim which is to make money, but I must say before you invest in Bitcoin, you sure need money to invest which on a long run, it means before you can be registered on Bitcoin and start making profits you need money, which also implies that Bitcoin doesn't help people from scratch, you need money first before you can invest..
Secondly I will say this again Bitcoin is not a 100% crypto for profits because of it inflation and deflation most times, if you really wish to make profits on Bitcoin then you should exercise a little patience and learn more about Bitcoin and it trading,
Don't have a serious motive of trying to eradicate poverty with Bitcoin else you might be frustrated and heart broken when you will incure loses, sincerely I would never advice anyone to take Bitcoin as his/her only source of income,if you have the opportunity to invest in other businesses please don't hesitate to do it.
This are my thoughts though...

for those who have knowledge and skills, of course, Bitcoin can make them rich. it is for those who see an opportunity. but not for those with blind ambition.
get rich in no time, I don't see that anyone can do. including with Bitcoins. all successful people have a steep road. they achieve it with hard work and perseverance. those who have seen Bitcoin change someone's finances for the better, with trust and consistency in Bitcoin investment. many beginners think it's easy, but in fact, more of those who try to fail to hold.

People have different way of understanding Bitcoin it because of how they knew about Bitcoin like you said there are many people who will say that Bitcoin is the shortcut of getting rich it because they knew from the commercial or someone told them that if you invest in bitcoin you will get rich which is only the positive effect of Bitcoin without further notice that there are negative effect as well.

I also don't really agree that Bitcoin is said to be a tool to make money in the short term. Because as I understand it, Bitcoin is very suitable for long-term investments which are also very suitable for making money in the long term. So in my opinion it's not worth it if Bitcoin is only said to be a money maker in the short term.

Because while Bitcoin can be very suitable for investment in the long term, of course it can also be in the short term even though the profits that can be generated may not be that big. And one more thing is Bitcoin is also not a shortcut to get rich quick even though many people have gotten rich through Bitcoin when they get multiple profits. But basically Bitcoin is not a shortcut to make everyone rich quicker.

Those who bet on the beginning of bitcoin many years ago are now free of financial difficulties if they were able to hold onto their profits and avoid wasting them. However, this time, the total circulating supply of bitcoin is worth $460 billion and a price of $24,000 per coin. Unless we talk about holding it for another ten years, I am not too assuring of another 2000% growth. When bitcoin is worth trillions of dollars, the time has come when its volatility will slow down. Additionally, the time will come when we will be able to use bitcoin as a form of payment with relative ease in our day-to-day lives.

They are wrong about this, there are more people who lose money than those who made a profit from investing in Bitcoin, that's a misconception because those who believe are not properly educated



I think people have to go back to learn what Bitcoin is and read the whitepaper to fully understand the concept and goal of why Satoshi Nakamoto created Bitcoin, he never mentioned that its a way to make money or get rich, opportunities are just one of the outcome when Bitcoin becomes fully adopted by the majority of the society.

Fine and good people want an alternative to their finances in a decentralized way as bitcoin but when they first heard about the news on bitcoin, what first comes their mind is that long waited opportunity to make wealth, which is true but not the way they had thought because they are newbies viewing it from the outside scope, it requires learning it and knowing it before starting, which also takes time for maturition.


Nothing bad about it if you think about it that way, because you can actually realize that dream come through with bitcoin but this does not applies to everyone, some trade and instantly get their reward while some leave it down for a long time serving as an investment.

If you do not have money, how are you going to invest in bitcoin? It will not be possible. You need money to have more money. But in the past, some people were earlier engaging themselves in everything that has to do with bitcoin, what you can afford wilth little amount, this people are very rich now. Someone that mistakenly bought bitcoin in the past very early and he never sold it till now, or sold it at a very high price, that may be true about them if they were not reach at that time. They may not be rich in money, but they were rich in knowledge and they were positive about bitcoin.

But now that bitcoin marketcap has increased very significantly, the volatility may reduce, and even if the volatility is still not reduced significantly but reduce just slightly and bitcoin get to $1 million, this will take many years before it will be achieved. Also knowing that we must do something to earn bitcoin, or using fiat or other money to buy bitcoin.

If you invest at the right time, as bitcoin still remain a speculative asset, there is opportunity in the future, but for people that think it can bring financial freedom very soon, they may be disappointed, but if they buy at the right time like now and do not sell for a long time, they will not be disappointed as bitcoin will reach 10x or more again.

Some people understand Bitcoin in different specifications, some people out there always think that Bitcoin is the shortcut of getting rich when you invest in Bitcoin, 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,