Topic: Why most beginners so much believe bitcoin can make rich - page 2. (Read 605 times)

This your topic tight wella, as nah the only things way I dey see for some board, so e still dey good as you also think to carry am come this our board too.
Sha nah only those way no know watin risk be nai go fit dey think am say Bitcoin investment nah to just invest and within some minutes or hours you go get back profits or get back your losses. Omor that one nah big lie, no investment way dey like that, unless say them won scam person nai them fit just talk like that, with the kind of knowledge way I done get about Bitcoin through the help of this forum, I no sure say me go fit believe any of those shit talks way person or group of people go just come and advertise say invest and get back profits in few hours.
Some of this talks or I go call am misunderstanding about Bitcoin, nah based on, infact I go say nah from side talks and still most of them dey fail to do their own research before them start to believe or tell other about Bitcoin investment.

One of the things I do think that contributed to this misinformation about Bitcoin seeming a get rich quick scheme to some newbie investors is the fact that most people who introduced their friends and family to Bitcoin failed to educate them and tell them the truth, and again people are only interested in hearing about the profit side of Bitcoin without asking how long it took those people who have profited from Bitcoin investment how long it took them to realize such profit and success and thus are carried away with profit side they hear about.

You don talk am finished di people wey dey carry dem come nai dey cause all di thinking say Bitcoin na something wey dem go invest and get money but dem forget to tell them di long duration of the investment. And many of them join it because of the orientation given to them. And those peer influence only told them the advantages and not the disadvantages. And once they came the next thing na to get Bitcoin and become rich people like yahoo boys.

Bitcoin no be something wey people go come and make money di way dem want am.

OP your very correct about the believe of beginners in some aspects the reason is that not all new beginners have the mind set of becoming rich overnight with this Bitcoin those who are short of information regarding the platform hopefully think is just an instant rich not knowing is matter of time and some time turn to be win and loss . But one thing that bring motivation in everything which is another anchor to people believe is there predecessor to them who have such believe have seen those who is well doing through the platform despite not considering the the spent believe they will also be like them some day. As for me as beginner I have come to study and see that Bitcoin is platform and forum that pays accordingly base on effort and work done is place where grace speak less and the fraudulent some how so good limit compare to others platform except those who want to get rich faster than their work who can fall prey but those who calculate and follow the rules hardly fall conclusively many is of that believe base on there level of information and study gathered why some are not because of limited information working on speculation be it as it may even as point of speculation can achieve it of making rich if they put to work what the speculate.

Na for the same reason wey e be say once you tell person say you get Bitcoin, the person go immediately think say you dey rich, many people erroneously think say Bitcoin na ticket to wealth, i know say Bitcoin price dey pump oh, especially in the long run, but before you go even earn better ROI from Bitcoin, you go gats invest a lot of money into it, you no fit just put small money, come dey expect to get rich through it, and for underdeveloped country like ours, how many people get the money to invest, without investing more than they can afford to lose. Another thing be say many people no sabi how to keep their assets secure, so dem go even lose am before them go fit make ROI from Bitcoin.

Na true you talk, many beginers wey de think say Bitcoin na get rich quick scheme, be di people wey don hear about success stories of early investors wey buy Bitcoin wen Satoshi, first create am. Also dos wey here say dem de hammer for Bitcoin trading, say if you enter crypto market, trade small, sharp sharp you don make plenty money. Most times na lack of proper knowledge de cause am, so e de very important take time to make proper research before we go engage in any money matter, especially for cryptocurrency wey de very volatile.

All di same e de very important for newbies to note say long term investments for Bitcoin, na guarantee say di investors go make plenty profit when di market enter bull run.

Op, a lot of people have been misinformed about what investing in Bitcoin is all about so they only keep ears to the profit making aspects of Bitcoin as if it's a quick money scheme, most people have gone to the level of not finding out things about Bitcoin before investing they only believe that once they invest they will automatically become millionaires in the nearest future which is a very wrong thinking.

Secondly I think lack of proper research, knowledge and orientation is also one of the reasons why most people misunderstand the importance of Bitcoin other than the profit making which they see as the only usefulness of Bitcoin. I think people needs to be properly guided because a lot of them have lost what they invested and some lost hope because they couldn't achieve what they planned to achieve with Bitcoin but I believe a lot of works still needs to be done to promote and teach people how they can actually make profit investing in Bitcoin and I think it will really take endurance and good plans to ever make good profit especially if you are a long time holder.

Well actually what you said are all true but sometimes I wouldn't blame such person because they already had a bad orientation through the person that introduces them because there is no way you can brought somebody into crypto investment and after mentoring the person all that he needs to no about Bitcoin and possible risk that's associate in Bitcoin trading or investment and he will still have that perception on Bitcoin, so perhaps if most people are well mentored before coming into Bitcoin you will see that there mindset about Bitcoin will change because they will realize that investment on Bitcoin is not a get rich quick but on the contrary with time and consistent investment they will surely benefit from Bitcoin.

Although one of the factors or forces that has been given most people that mindset that Bitcoin is a get rich quick investment is because of most traders because I believe that in as much as we all no that trading is very risky with a very higher chances of losing your funds but however there are numerous people who are constantly wining there trading and making a lot of money through trading, so perhaps if a beginning listings to those kind testimonies they will be thrilled to venture into Bitcoin with the mindset of becoming rich overnight without knowing that reversal could be the case if they are not properly mentored.

Yeah, if one can endure and leave the Bitcoins they're hodl for a long interval of time they're gonna make profits for sure but most people are just afraid of the fluctuations in the price of Bitcoin so whenever they see that the price is dipping they will just rush and exchange their Bitcoin with fiat. So impatience and fear is the major reason why it looks as if some Bitcoin investors doesn't make profits or they make little profits and again one can't just buy Bitcoin with a low amount and expect to make it huge within a short interval of time as it is a gradual process before one can make huge profits and making huge profits also requires huge investment.

Truth be told, Bitcoin no be get rich quick scheme even say we dey get small small profit for inside, when we dey invest for bitcoin na patient be the main virtue wey we suppose carry for mind towards our investment, beside before you invest e dey very advisable make we for get wattin go dey give us money so that we no go dey depend on our bitcoin investment, so newbie ot beginner make  put am for una mind say na when you leave you investment Tay naim you go get better profit, and one of the way when you go fit get this patient na when you use DCA instead of lump sum because for DCA na just small small moni go dey leave your system to your wallet and you no go too feel am, na why e dey required of every newbie to use DCA first until when Dem don gain enough psychological and emotional balance when we reach bear season then Dem don graduate to fit use lump sum or other strategy.

Every successful person begin with the decision to attempt. People are certain that no matter what happens with Bitcoin, it will be boosted. That is why everybody who purchased a Bitcoin for a huge sum of money expects to be wealthy, since once the Bitcoin achieves its all-time high, what do we expect to happen? I believe that individuals who invest early, when Bitcoin is still at a low price, will be more profitable than those who invest later. Because they know they have enough Bitcoin in their wallet, some people will start calling themselves rich. In other words, I do not believe that Bitcoin will collapse like other Ponzi schemes since it is not like Ponzi schemes.. No matter what. I have 100% sure that Bitcoin will continue to exist regardless of how people acquire it and get wealthy.
Yes, that is true, but wonderful things don't stay forever. After all, trees don't grow; they probably have a partner in back. For this reason, obtaining Bitcoin through one method isn't permanent. To put it another way, the way some individuals are profiting from Bitcoin if it's that they hold it or use it in a variety of ways to boost their revenue. Men of today have the potential to become billionaires through Bitcoin, but many are missing out on this chance because of poor calculations.

Technically when you buy and hodl Bitcoin you're going to make profits if you can have some patience with your investments. Nobody had bought had held Bitcoin and regretted it. The only time you'll regret is when you sell due to fear of the market crashing. Bitcoin has it's time when the market is red and when you sell during this time, you'll be at lost it isn't like by hodling Bitcoin that you're going to lose, no you only lose when you sell so don't sell but keep holding. People are yet to under how the financial markets works, if they do they won't be worried about the ups and down of Bitcoin price. Anything tradable has be to volatility, what just make that of Bitcoin different is because it's a new market and doesn't have many users yet compared to other financial markets.

Bitcoin can actually make you rich but it depends on the approach you take, it isn't a get rich quick assets but can make you rich when you buy and hodl. Others have done it in the past and it worked for them, yours isn't going to be different. You just have to know that the ride isn't all going to be smooth all through. There'll be rough times that your patience will be tested and only those who had diamond hands will be rewarded at the end of the journey.

People are too optimistic about Bitcoin because of the way the moon boys advertise it on social media platforms like YouTube. This is the reason we have many weak hands in the markets that sells at any negative news they see because they came into the market due to the hype they saw on social media without understanding how things work over here. They just think it's going to be a smooth ride up but that's not how it works.

Of a truth me my sef believe say once you acquire Bitcoin boom you done blow o not knowing that there are many ways to make profits and equally lose it normally Bitcoin dey make men see funds but miscalculation sef dey make man lose guard

If one haven't tried something themselves to know how it works, the best one could give at this instance will be nothing but mere assumptions until one can invest in the cryptocurrencies market and see for themselves how the prices and volatility makes one to doubt the potential profit from the crypto asset.

Perhaps only the stories of how it has helped investors gain more profit were told them and they believe it might be as easy as buying some BTC or crypto asset and one is made.

Well you won't have to blame them on one aspect and in the other aspect you would have to blame them aslo. Well for starters people tend to  hear all sort of news that actually gets to their head and especially when it's all about profits and this type of news is what gets to their head.

And secondly why we can blame them is that these people tend or fail to do what most anxious person or curious people should do which is to actually make research on the news that they have heard and tend to believe in their fantasy of getting rich by just acquiring Bitcoin without even knowing or researching and if only they did, they would know that acquiring Bitcoin doesn't guarantee one to be rich as gone are those days of the early person that bought Bitcoin when the price was very low.

For now if anyone wants to actually get some profits in buying Bitcoin they would need to strategise and make good use of the price advantage and hold their holdings so that they can get some profits and this method also requires lots of discipline because if you are also not discipline you might end up selling your coins at the wrong time.

I think is just individual mindset on overall investment because most people like us who just started the Bitcoin journey and doesn't have somebody that will mentor them on how Bitcoin investment tends to work normally get affected emotionally if they realize later that the profits or money they had in mind to make through there Bitcoin investment on a certain period of time did not workout.

So perhaps one of the factor that affect the mindset of most of us as a beginners is the rumors of how people are making huge money through Bitcoin trading and investment, so that's what propels most people especially most us that doesn't no much about investment to come in and invest on Bitcoin. But however in as much I may not be that knowledgeable enough on Bitcoin but I can never see Bitcoin as a get rich quick.

If you observe well, you will see that all the people who think bitcoin is an investment where they invest and get their money back in a short period of time are people who don’t know anything about bitcoin investment, especially if these people only see people. They have successfully made the investment, and they wish to do the same thing without having background knowledge of how it works. Many things are there for this type of person to know about bitcoin. Before they start investing, I cannot blame them; they need to know if the investment and who is ready will accumulate and hoard for a long period of time.

OP, you have the privilege to learn about Bitcoin from the right source, and that's why you are able to think differently from those who actually think that Bitcoin can just make them rich. Someone said that Bitcoin is not a get-rich-quick scheme or a get-poor scheme. If an individual actually has or learns about Bitcoin from the right source, they will never have the idea that Bitcoin will make them rich.

In fact, investment in Bitcoin can only generate profit depending on the amount invested. For example, if someone invests $2000 in Bitcoin and another person invests $30k in Bitcoin, their level of profit will be greatly different, and the person who only invested $2k should not expect to make more profit than the person who invested $30k.

In essence, what I'm saying is that not everyone who invests in Bitcoin will be able to generate a very significant profit. The higher your investment, the higher your profit.

If anyone thinks that Bitcoin is get rich something nai be say that person no go fit hold em coins tay, why I talk like this be say Bitcoin nah for those way get patience and discipline nai fit hold am for long, and this long guarantee dey say either you lose or you gain, so no be must say if you hold am nai you go gain the whole profits dem way dey for Bitcoin investment.
This nah one of the issues way make a lot of people done go into Bitcoin trading and this Bitcoin trading just dey like gambling for my side. No be totally gambling sha o but for me, some part of gamble dey inside Bitcoin trading.
E dey hard to understand Bitcoin trading but I assure you say there is nothing hard to accumulate Bitcoin and hold, the only thing way I see way dey hard be say, nah just for you to try reduce your expenses and accumulate Bitcoin with the kind of money way no go affect you if you use am take invest inside Bitcoin.
So, I dey try to talk say Bitcoin fit make you reach but nah with luck and good strategies, like if you have the mindset of holding for long, like 5 to 10 years then you are profit free.

Many people think that Bitcoin is to get quick rich investment scheme whereby they can just invest and make money within few weeks and when they start and didn't make it at that their predicted time they would be tired and some would even gave up the journey and sell off all and used the money. People think differently about Bitcoin investment. Some set the goal for one year and Bitcoin investment go reach 5-7 years before you can be proud of it and e good make you start am when the market e dey low well well. And anyone wey dey invest for short term and planning to make money at that time then him no plan well. And if care no dey him go loss well well. Him go get disappointment.
So make anyone wey dey invest in Bitcoin just plan to invest for long term and remove that mindset say Bitcoin go make rich quick. And many people sef dey think like that because of the people wey done make for their life through Bitcoin but dem no know say those people wey don make, e don tay for di industry. And dem don spend years for the investment. So if dem dey make am you no supposed surprised and imitate dem. You have to be patient and invest.