If people are solely investing their money into things they don't comprehend, they're probably going to end up disappointed.
If they invest their time and understanding (and a bit of money) into an ethos and a set of principles and learn what it all means, then they'll be truly rich.
Invest in knowledge. That's the best perspective.
Topic: Wrong perspective towards Bitcoin investment - page 2. (Read 916 times)
His reply got me laughing because I quickly pointed out two things from what he said:
1. He was eager to get quick profit from an $80 investment but ended up getting scammed.
2. During my early days in crypto, I often came across these demo-like websites and have also fallen victim.
Get rich quick from $80 as an initial capital, it's joking.1. He was eager to get quick profit from an $80 investment but ended up getting scammed.
2. During my early days in crypto, I often came across these demo-like websites and have also fallen victim.
How much to become rich in mind of that person?
$800, $8000 or $80000, what is enough to be considered as rich?
If it is $800, it is a possible target.
If it is $8,000, it becomes a little bit impossible. You need to be very lucky to get a 100x increase from your capital.
If it is $80,000, it is 1000x increase from initial capital so it sounds very impossible.
People must be realistic and know that they can get rich, but with careful investment and with a lot of patience to know that if they want to get rich quick, they will become poorer.
There are actually a couple of angles to this:
1) High return - high risk
If someone claims you can make high profits without high risks he is lying, because if someone comes up with such an investment he would keep this knowledge to himself and get funding from his bank and become rich alone
2) understand the business model
If someone claims: send me 100 Dollar and I send you 200 Dollar back, then maybe there is a certain chance that the model will not really work for you.....
3) Only invest what you can afford to lose....... If you invest 100 USD the most you can lose is 100 USD, but if you make a 100 x return you can make 10 000 USD.....It is kind of gambling some are lucky some are not, but be prepared that you will likeley lose...... but on the other hand maybe you have a good instinct to spot the winners...
Just saying....
If he could spend $80 without doing any research and just hand-over his money to random website, I guess he shouldn't be so angry if he was being scammed. If it was me, doesn't matter what is the site telling me wether Bitcoin, Genie, some Real-estate, or stock, if it ask me to deposit $80 I will do deep research before decided to give my money. Those guy might think that $80 is just a loose change and not some big money, so he he would just give away his money without any research, because with just a quick research he would find that most of cloud mining are scam.
~snip
Even though your story might sound a bit made up, I acknowledge that you made a valid point in your post. Many new investors, upon learning about Bitcoin, often misunderstand it as a quick way to get rich. While Bitcoin can yield profits, it's essential to realize that the returns depend on your investment. The misleading notion of quick wealth associated with Bitcoin harms its reputation. Some unscrupulous individuals exploit this misconception to deceive greedy investors.
Once these individuals lose their money, they hastily label Bitcoin as a scam. Many social media platforms are now exploited by thieves and scammers preying on those seeking overnight riches. We should be cautious about what we encounter online for our own safety.
because seeing friends who live in the crypto world looks like it's easy to make money. which makes beginners with big ambitions able to imitate their friends. The hope of beginners is that they need time quickly, but on the contrary, it is very difficult to go through the process of being able to adapt to the environment and understand the conditions. Many people go through a process that takes years to have their lives changed because of the effects of crypto
What beginners must understand well is that there is no job that provides instant income in this world, especially in the crypto space. And another thing is that if they imitate other people very often without asking, they will not get anything other than just wasting time and feeling tired. Because whatever job it is, there must be a place for them to ask questions so that beginners can better understand that work always requires a process and there is no such thing as instant or instant pleasure because you get money.
Absolutely, there is no possible way in which you can get rich overnight. If you rob a bank, then only it is possible, else no work has capable of doing this. Now in this type of situation if someone promises to give you huge amount of profits, then definitely it will be scam only. People think Bitcoins are quick way to make money, but after investing in it, they know the reality. Hence, definitely they need to get out of this wrong thing.
because seeing friends who live in the crypto world looks like it's easy to make money. which makes beginners with big ambitions able to imitate their friends. The hope of beginners is that they need time quickly, but on the contrary, it is very difficult to go through the process of being able to adapt to the environment and understand the conditions. Many people go through a process that takes years to have their lives changed because of the effects of crypto
What beginners must understand well is that there is no job that provides instant income in this world, especially in the crypto space. And another thing is that if they imitate other people very often without asking, they will not get anything other than just wasting time and feeling tired. Because whatever job it is, there must be a place for them to ask questions so that beginners can better understand that work always requires a process and there is no such thing as instant or instant pleasure because you get money. 
His reply got me laughing because I quickly pointed out two things from what he said:
1. He was eager to get quick profit from an $80 investment but ended up getting scammed.
2. During my early days in crypto, I often came across these demo-like websites and have also fallen victim.
Get rich quick from $80 as an initial capital, it's joking.1. He was eager to get quick profit from an $80 investment but ended up getting scammed.
2. During my early days in crypto, I often came across these demo-like websites and have also fallen victim.
How much to become rich in mind of that person?
$800, $8000 or $80000, what is enough to be considered as rich?
If it is $800, it is a possible target.
If it is $8,000, it becomes a little bit impossible. You need to be very lucky to get a 100x increase from your capital.
If it is $80,000, it is 1000x increase from initial capital so it sounds very impossible.
People must be realistic and know that they can get rich, but with careful investment and with a lot of patience to know that if they want to get rich quick, they will become poorer.
Whenever you seek quick-rich methods, most likely you will be a loser. There are no so-called mining sites; they are all scams. They trap us by offering quick money. We have to think there is no money-making machine to make us rich over the night. Forget about quick-rich scam sites; even Bitcoin investments won't make us rich quickly. If we expect that, then likely we can't gain from here. We have to understand what Bitcoin is and how it works. But definitely, we have to ignore all kinds of quick-rich methods and offers that we see on the internet.
Thank you for this advice, I hope people can learn it and still change before they become the next victim of cryptocurrency. This scam started with Bitcoin, later, it graduated to Ethereum, but now, you see it all around the cryptocurrency as a whole. It is so bad to the point that people are so gullible, they just believe even when they haven't learned a single thing about where and what they are committing their money. How bad could that be? Once they hear the name Crypto, they believe is an automatic way to make money, but it is not, one can make the money or lose it, and one of the fastest ways to lose money in cryptocurrency is to believe in hypes and HYIP. The most common ones are mining scams and other fake staking scams. Everyone needs to learn and know the way the cryptocurrency they are dealing with works before they commit their money especially if you want to stake or mine. Many of them are now on social media employing the services of influencers to swindle people due to their cheap trust in mere handles. The earlier we know, the better for us. 
This are some of the things that making some people to avoid using bitcoin. When they have gotten scam because they were interested to invest in bitcoin but along the line they were scammed so they started to tag bitcoin as a scammers something. Really these scammers are give bad image to bitcoin.
There should be a public orientation that should be given to the people at the public domain not to invest in bitcoin through YouTube, and social media platforms but investment when a trustworthy person told you to do so. The scamming reate is increasing day by day.
There should be a public orientation that should be given to the people at the public domain not to invest in bitcoin through YouTube, and social media platforms but investment when a trustworthy person told you to do so. The scamming reate is increasing day by day.
Sometimes newbie is denial for their own mistakes made that's why its really good or best for them to know first what they are trying to participate so that they would know the risk and what they should expect on their possible investment made there.
The issue of getting rich quick isn't something that many adopters take seriously, as they've come to believe it is the only way to make a quick profit. It still saddens me to see that some adopters in our community have taken the wrong step towards Bitcoin investment.
I recently stumbled upon a guy few days back who happens to be a anti-bitcoinist. He showed his frustration and condemned Bitcoin in a way that got my attention. I was eager to know why someone would have hatred for a life changing opportunity like Bitcoin, so I had to ask.
From his reply, he said he came across a Bitcoin mining website that was shared via a YouTube video. The mining site mines Bitcoin in small quantities, which he decided to buy some mining power to accumulate faster. He successfully purchased one of the mining power worth $80, but the site eventually shut down a week later without allowing any withdrawals.
I recently stumbled upon a guy few days back who happens to be a anti-bitcoinist. He showed his frustration and condemned Bitcoin in a way that got my attention. I was eager to know why someone would have hatred for a life changing opportunity like Bitcoin, so I had to ask.
From his reply, he said he came across a Bitcoin mining website that was shared via a YouTube video. The mining site mines Bitcoin in small quantities, which he decided to buy some mining power to accumulate faster. He successfully purchased one of the mining power worth $80, but the site eventually shut down a week later without allowing any withdrawals.
People who expect a 100-dollar investment to make them rich have no idea what is investment and they can't blame Bitcoin for their own mistake which is due to their greed of their own led to fall for such a scam method. This is very common among the people and their view is that they blame fiat money because they lost their fiat because someone robbed their wallet.
Anyone who thinks sensible can understand who is to blame in this.
Those people believe that they can easily get rich by investing on bitcoin or any platform using bitcoin as their tool to attract users will actually encounter such huge lose since they might expect a lot from this without knowing the risk that they are stepping on. Then usually once they fail on their expectation they start to curse bitcoin and call it as scam without knowing for theirselves that they are the one who commit such mistake and those losses encounter is the result of their greed.
Sometimes newbie is denial for their own mistakes made that's why its really good or best for them to know first what they are trying to participate so that they would know the risk and what they should expect on their possible investment made there.
Whenever you seek quick-rich methods, most likely you will be a loser. There are no so-called mining sites; they are all scams. They trap us by offering quick money. We have to think there is no money-making machine to make us rich over the night. Forget about quick-rich scam sites; even Bitcoin investments won't make us rich quickly. If we expect that, then likely we can't gain from here. We have to understand what Bitcoin is and how it works. But definitely, we have to ignore all kinds of quick-rich methods and offers that we see on the internet.
only beginners have the idea of getting rich quickly, they are not precise in the concept of investment. all require methods that are not easy to do. Indeed, in the crypto world, what is impossible can happen because many things happen. Don't expect to get rich quickly investing in crypto, but start with the wrong lessons and become introspective so that they don't happen againWhen investing, of course we cannot expect to easily gain wealth from the investments we make, of course we have to go through various processes to achieve this and we have to really learn well about investment to be able to get a profit from the investments we make.
The issue of getting rich quick isn't something that many adopters take seriously, as they've come to believe it is the only way to make a quick profit. It still saddens me to see that some adopters in our community have taken the wrong step towards Bitcoin investment.
Some newbies that are entering the crypto space are not properly introduced, some of them are brainwashed and have the wrong knowledge about bitcoin. Some people think that if you join crypto investment, you will be making instant profits without any risk. If you notice the way signal providers always introduce bitcoin to people, they will give you confidence that you can never lose money if you join cryptocurrency. I think some people are misguided, and that’s why.From his reply, he said he came across a Bitcoin mining website that was shared via a YouTube video. The mining site mines Bitcoin in small quantities, which he decided to buy some mining power to accumulate faster. He successfully purchased one of the mining power worth $80, but the site eventually shut down a week later without allowing any withdrawals.
When you see videos on YouTube, you shouldn’t trust them. Most videos are posted just because they need subscribers or viewers, and scammers are always taking advantage of this to promote their scam websites. Seriously, you won’t blame the person for being against bitcoin, they got introduced to it in the wrong way, and I am sure if anyone is introduced to something and the person is scammed, they will lose interest. Scammers are one of the reasons some people are still against bitcoin.It was very clear to me that some ethusiast who promote Bitcoin don't talk about the risk part of it, while those who adopt Bitcoin on their own don't learn about the risk part of it.
You are right, some people just talk about the positive aspects of bitcoin to motivate people to invest in it, and they won’t tell them the facts that they are supposed to know about bitcoin. If you are introducing anyone to bitcoin, tell them the necessary things they should know, if they are interested, then they can invest, and if they are not interested, they can just forget about it. 
Whenever you seek quick-rich methods, most likely you will be a loser. There are no so-called mining sites; they are all scams. They trap us by offering quick money. We have to think there is no money-making machine to make us rich over the night. Forget about quick-rich scam sites; even Bitcoin investments won't make us rich quickly. If we expect that, then likely we can't gain from here. We have to understand what Bitcoin is and how it works. But definitely, we have to ignore all kinds of quick-rich methods and offers that we see on the internet.
only beginners have the idea of getting rich quickly, they are not precise in the concept of investment. all require methods that are not easy to do. Indeed, in the crypto world, what is impossible can happen because many things happen. Don't expect to get rich quickly investing in crypto, but start with the wrong lessons and become introspective so that they don't happen againWhen investing, of course we cannot expect to easily gain wealth from the investments we make, of course we have to go through various processes to achieve this and we have to really learn well about investment to be able to get a profit from the investments we make.
The issue of getting rich quick isn't something that many adopters take seriously, as they've come to believe it is the only way to make a quick profit. It still saddens me to see that some adopters in our community have taken the wrong step towards Bitcoin investment.
I recently stumbled upon a guy few days back who happens to be a anti-bitcoinist. He showed his frustration and condemned Bitcoin in a way that got my attention. I was eager to know why someone would have hatred for a life changing opportunity like Bitcoin, so I had to ask.
From his reply, he said he came across a Bitcoin mining website that was shared via a YouTube video. The mining site mines Bitcoin in small quantities, which he decided to buy some mining power to accumulate faster. He successfully purchased one of the mining power worth $80, but the site eventually shut down a week later without allowing any withdrawals.
I recently stumbled upon a guy few days back who happens to be a anti-bitcoinist. He showed his frustration and condemned Bitcoin in a way that got my attention. I was eager to know why someone would have hatred for a life changing opportunity like Bitcoin, so I had to ask.
From his reply, he said he came across a Bitcoin mining website that was shared via a YouTube video. The mining site mines Bitcoin in small quantities, which he decided to buy some mining power to accumulate faster. He successfully purchased one of the mining power worth $80, but the site eventually shut down a week later without allowing any withdrawals.
People who expect a 100-dollar investment to make them rich have no idea what is investment and they can't blame Bitcoin for their own mistake which is due to their greed of their own led to fall for such a scam method. This is very common among the people and their view is that they blame fiat money because they lost their fiat because someone robbed their wallet.
Anyone who thinks sensible can understand who is to blame in this.
Your story tells alot about people who go against bitcoin and other crypto, no one will just wake up one morning and start hating cryptocurrency except they've experienced something dramatic and bad. Your friend failed to make some research and sometimes when I hear offers like this I will be like this offer is too good to be real, there's no such thing like getting rich quick with some random site we see online, not only bitcoin investment but it has to do with every investment.
Probably your friend think he can just earn something huge using online site, very funny. A lot of people have experienced such but I will not blame them cause they lack the knowledge about bitcoin and the moment people like this get enlighten about bitcoin and scammers they'll no longer be a victim to such, don't just teach anyone about bitcoin without telling them the risk involve or rather bring them to where they can acquire bitcoin knowledge if they're willing.
Probably your friend think he can just earn something huge using online site, very funny. A lot of people have experienced such but I will not blame them cause they lack the knowledge about bitcoin and the moment people like this get enlighten about bitcoin and scammers they'll no longer be a victim to such, don't just teach anyone about bitcoin without telling them the risk involve or rather bring them to where they can acquire bitcoin knowledge if they're willing.
Whenever you seek quick-rich methods, most likely you will be a loser. There are no so-called mining sites; they are all scams. They trap us by offering quick money. We have to think there is no money-making machine to make us rich over the night. Forget about quick-rich scam sites; even Bitcoin investments won't make us rich quickly. If we expect that, then likely we can't gain from here. We have to understand what Bitcoin is and how it works. But definitely, we have to ignore all kinds of quick-rich methods and offers that we see on the internet.
only beginners have the idea of getting rich quickly, they are not precise in the concept of investment. all require methods that are not easy to do. Indeed, in the crypto world, what is impossible can happen because many things happen. Don't expect to get rich quickly investing in crypto, but start with the wrong lessons and become introspective so that they don't happen again 
The issue of getting rich quick isn't something that many adopters take seriously, as they've come to believe it is the only way to make a quick profit. It still saddens me to see that some adopters in our community have taken the wrong step towards Bitcoin investment.
I recently stumbled upon a guy few days back who happens to be a anti-bitcoinist. He showed his frustration and condemned Bitcoin in a way that got my attention. I was eager to know why someone would have hatred for a life changing opportunity like Bitcoin, so I had to ask.
From his reply, he said he came across a Bitcoin mining website that was shared via a YouTube video. The mining site mines Bitcoin in small quantities, which he decided to buy some mining power to accumulate faster. He successfully purchased one of the mining power worth $80, but the site eventually shut down a week later without allowing any withdrawals.
His reply got me laughing because I quickly pointed out two things from what he said:
1. He was eager to get quick profit from an $80 investment but ended up getting scammed.
2. During my early days in crypto, I often came across these demo-like websites and have also fallen victim.
It was very clear to me that some ethusiast who promote Bitcoin don't talk about the risk part of it, while those who adopt Bitcoin on their own don't learn about the risk part of it.
I couldn't just leave him hanging with that mentality towards Bitcoin. I showed him some love by converting $10 worth of Bitcoin from my personal funds, sending it to him, and also sent him the BTT link so he can learn from a large Bitcoin community. I have done my part, and I repeat: there is no such thing as getting rich quick. I am glad he has joined the community, but wouldn't want to be mentioned.
Thanks for reading, and do well to share your opinion.
People like him often get victimized by such scam services and websites and then start abusing the industry or Bitcoin for being bad or a scam, etc. To be honest, I don't blame them for getting scammed because they don't have enough knowledge but then we can blame them for not trying to gain enough knowledge before getting into investments. I don't understand how a person can invest their hard-earned money somewhere without doing proper research and finding out whether the service is genuine.I recently stumbled upon a guy few days back who happens to be a anti-bitcoinist. He showed his frustration and condemned Bitcoin in a way that got my attention. I was eager to know why someone would have hatred for a life changing opportunity like Bitcoin, so I had to ask.
From his reply, he said he came across a Bitcoin mining website that was shared via a YouTube video. The mining site mines Bitcoin in small quantities, which he decided to buy some mining power to accumulate faster. He successfully purchased one of the mining power worth $80, but the site eventually shut down a week later without allowing any withdrawals.
His reply got me laughing because I quickly pointed out two things from what he said:
1. He was eager to get quick profit from an $80 investment but ended up getting scammed.
2. During my early days in crypto, I often came across these demo-like websites and have also fallen victim.
It was very clear to me that some ethusiast who promote Bitcoin don't talk about the risk part of it, while those who adopt Bitcoin on their own don't learn about the risk part of it.
I couldn't just leave him hanging with that mentality towards Bitcoin. I showed him some love by converting $10 worth of Bitcoin from my personal funds, sending it to him, and also sent him the BTT link so he can learn from a large Bitcoin community. I have done my part, and I repeat: there is no such thing as getting rich quick. I am glad he has joined the community, but wouldn't want to be mentioned.
Thanks for reading, and do well to share your opinion.
When I first learned about Bitcoin and cryptocurrencies, there were a lot of scams and HYIP websites around the industry, and since it was new, a lot of people used to become victims of them, most of them used to be Bitcoin doublers, etc. So, it's all about knowledge and experience, when you join a financial market without experience, you should at least try to gain enough knowledge to survive.
How can we be so sure that you are telling the truth and that this is not self made up story?
If someone is not careful of scammers, crypto scammer are easy to locate someone. When I was new to crypto, I saw many cloud mining services but users on this forum helped me to know that they are scammers.
In crypto, it is good to be careful and avoid scam.
Hmm, I thought I was the only one that actually tried this online mining apps although it was due to the lack of knowledge that I was very vivacious when it comes to mining on these apps and just like you, it wasn't long before all that thought was cleared from my head when seniors here explained and brought insight to me about this stuffs although most of the knowledge i read it from other people's thread as I engaged and enjoy reading discussion about this stuffs.If someone is not careful of scammers, crypto scammer are easy to locate someone. When I was new to crypto, I saw many cloud mining services but users on this forum helped me to know that they are scammers.
In crypto, it is good to be careful and avoid scam.
Being a newbie exposes you to many crypto scams so carefulness and your dedication to learn more is the only thing that can actually guide you out the claws of these crypto scammers .
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