Topic: Wrong perspective towards Bitcoin investment - page 3. (Read 918 times)

In my opinion, Bitcoin should not be considered as a means of earning money....
Bitcoin is simply quality money. Since Bitcoin is money that is better than fiat money, Bitcoin increases in value over time. This is a nice bonus for a Bitcoin owner. In the future, it is possible that Bitcoin will become a global reserve asset and an integral part of the gold and foreign exchange reserves of central banks, and in connection with this, its price will increase even more.
However, in my opinion, it does not make sense to consider Bitcoin solely as a speculative asset.

It cannot be denied that currently there are still many Bitcoin investors (beginners) who have an inaccurate perspective. Most likely all of this is because these investors do not have sufficient knowledge about the ins and outs of bitcoin investment. As a result, people like that will definitely think that Bitcoin is an asset that can make them rich quickly and has no risks. In reality, Bitcoin cannot make investors rich within a month or two. But it takes years to get it. Apart from that, if anyone thinks that Bitcoin has no risks, that is wrong. Because after all Bitcoin still has risks. So this is where it is important to learn first before starting something like investing in bitcoin. Because if you don't start with sufficient knowledge, you are afraid it will hinder the investment process and could also result in losses.

Seeking knowledge and learning about bitcoin must also have very good filtering of the information we are looking for. Because sometimes there are many fraudsters who have many strategies and one of them is a strategy that is sweet at the beginning and bitter at the end. So in essence, when looking for information related to Bitcoin, don't be easily tempted by practical things. However, look for information and knowledge related to basic science. And don't be immediately tempted by results/profits.

The steps you took are very generous, my friend. Indirectly, I can read that you feel sorry for that person, but at the same time you also maintain Bitcoin's good image. Because if you give bitcoin to that person, at least he will have a positive view of bitcoin. And by telling the person how to expand his bitcoin knowledge by joining these BTT forums, it is indeed a better move than YouTube or other platforms.

Having bad decision or for rushing everything just to get a bitcoin because they think its always good investment for them and they can get instant profit from it this a product of wrong information posted or told by those people trying to hype bitcoin to people they know. That's why we see people commit some mistake because they are not been warned about other possibilities like to lose their money if they are not careful enough and do some technical things to have good critical thinking regarding on investment schemes they want to try or even on trading.

To many investment platform popping up there since they always think there are newbies will grab the offers they present that's why its very important for newbie to learn something from those schemes and they should not let theirselves feel attracted to the offers they see since usually those people who offer them a lot of money for short of period of time especially without doing anything is most likely a scam.

The third Paragraph is just about what I was thinking. I knew that he must have had a bad experience or knows someone who did, for him to project such hatred. It is so unfortunate for Bitcoin how people scam people with the Bitcoin story telling them that if they invest the money will increase and make them millionaires, but then scam them and these people think everything about Bitcoin is just a scam. Hopefully we can continue spreading the awareness of poor Bitcoin.

Regardless of whether the story is true or just made up in this case we certainly know one important thing that can be used as a pretty good lesson where we will definitely be surrounded by ordinary people who are still very difficult to find out what bitcoin is.

I wouldn't say he is anti bitcoin because if he was anti bitcoin then he wouldn't try mining bitcoint even though the site is fake and there is no way he has a bitcoin address when you want to transfer a little of your goodness.

He is a layman but not really knowing how bitcoin works so he is on a slightly wrong path that makes his mindset different about the view of bitcoin because of the disappointment he got before.

That will happen to someone who never knows and clearly understands what they are doing. This will happen to someone who is rushing their entry and gives no time to review or cross-check whether the site is legit or not. We never get scammed if we are too careful and it never happens to us if we have knowledge. Unfortunately, many of us easily got fooled by these scammers because of greediness.

In any investment platform, it is somewhat important not to trust easily and so we did site checking for verification. Bitcoin investment is not a Ponzi Scheme that offers quick returns which is why if someone offers that, that is a big lie and scam.

Not everyone who tries to come in contact with btc is referred to as an enthusiast, if he were one, he would first seek for information about btc, understand the tech and utility.
Most of this get rich quick btc investors comes into the space as a result of what they see and hear from some of the so-called crypto influners on social media who are always showing off their gains and profits from trades and airdrops.
They sell such false ideas to gullible investors to think they can equally make such money within the shortest possible time. It is very sad that majority of investors think this way.

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.

When beginners hear about bitcoin or cryptocurrency all their mind is to just make money quick, having the mindset of making money quick from bitcoin have always been the cause why they end up becoming victim to scammers.  Beginners meed to learn about bitcoin first to understand that bitcoin is not all about to make money to become rich quick. Money can be made investing bitcoin as a longtime investment. The mindset of becoming rich in bitcoin has led so many beginners go into wrong ways.

In the new situation everyone starts investing thinking that it is very easy to make profit. After few days when they see that their money is slowly disappearing by investing in wrong place then they get very depressed. I think from someone to invest.  We should stay away from investing without consulting and understanding. We should try to keep our own money carefully so that we can stay away from many problems.

Not all the fault lies on the people that fall for this scams, sure they're greedy and they don't know better but the problem is that there's some people out there that don't want to play fair and try to cheat people out of their money but they're not a big problem if we create a really good solution about them which is information and knowledge, having knowledge about things and the wisdom to know that something is fishy or suspicious is always going to solve the problem of the scammers. Regarding the people that see bitcoin as a quick money scheme, you're wrong and anyone who sells you something that tells you will double or triple your investment with bitcoin at a short amount of time is definitely lying and wants your money.

Yes. For these conditions they occur.


But, I think if we want to be successful, we can solve them one by one. If the focus is on long-term BTC investment, it's best to do it optimally, don't do it half-heartedly and don't be easily tempted to sell your BTC by following programs that waste and disrupt the initial plans of what we had previously intended if we are busy yourself as you mentioned above.

Promoting Bitcoin by raising curiosity. Nice statement. Coincidentally, I noticed a similar point in one of my posts. Helping others in the best way I can, just by advising them on things to avoid, won't cost me anything. So why hold on to sensitive information? Certainly, he has realized his mistakes and has been able to correct his wrong perspective.

Because it is true if it works. I don't see anything wrong in this belief. but the thing is not everyone can become rich like that. except some lucky people. this method won't work for rest.


It is sad to know what happened with your friend. but he shouldn't blame Bitcoin for what he did. It was his stupidity to fall for an obvious scam like that. if he could've done little bit reserach about those cloud mining websites he would've find out immediately that it was a scam. but he was a newbie and naive so we give advantage of that.
I am glad that you helped him with little bit money and encouraged him to use bitcoin. I hope his trust will be restored and he'll start using bitcoin sensibly this time.

It's not really easy as a beginner to know who is legit and who is not, especially when everyone speaks good of Bitcoin.  The social media isn't helping matters too as it is common to see people flaunt BTC earnings everywhere and link their success to Bitcoin. It is very easy for anyone who is vulnerable to jump on any site or page that offers to make them successful like every other BTC Lord they see out there.

We all know that Bitcoin has the potential to make anyone rich but telling people only the good sides of Bitcoin wouldn't be helping matters. Every newbie should know that Bitcoin is highly volatile and most importantly, your account is prone to security attack. Just like there are scammers everywhere trying to steal from Fiat accounts, same applies to Bitcoin. When talking about Bitcoin,  security education should be made a priority.

Is there a guarantee that we are all safe in this crypto space? I don't understand how someone can easily avoid such attacks, even when we emphasize more on Bitcoin security.


The comment section of the post you shared was quite enlighten.

Nah, I think they are being told at least about the basics like how to make transactions, where to buy and sell, where to store and stuff like these. Beyond that should always be the investors' responsibility since it is their own money that'll be on line.
These new investors, surely had at least made their own research on how they're going to put their money in bitcoin. However, the person whom the OP was talking about is just one of the many people who have made a wrong investment decisions. Well, maybe because of greed and because of the get rich real quick mind set.
Scammers are everywhere not only in crypto but generally in our lives. So, I guess securing our own safety is given and we ourselves are always gonna be responsible for that, not the person who brought him in.

most people who want to quickly make profits from bitcoin end up failing because they think that when they invest in bitcoin the profit is certain, even though on the contrary when they invest in bitcoin it means their potential to lose money is quite high.

also people who want to quickly make profits from bitcoin also have short-term and illogical thinking, where they invest in things like mining, staking, etc., which offer high profits in the short term, even though they are fraud. and in the end it was predictable that they were scammed by scammers because of their poor knowledge about investment and bitcoin.

I guess they want to imitate the magic of hodling in the early days of bitcoin and so they're enticed by malicious entities into investing in a somewhat legitimate looking scheme but when you take a step back, it's a too good to be true scheme that should've been avoided a long time ago but people are still holding on to the hope that in the scams that they've joined in, that they will find one that really doubles their money.

That's why it's your responsibility to be vigilant and always updated on the latest ways that scammers will try to steal your hard earned money be it in crypto or fiat and it's also our responsibility to spread those information so we're not just helping ourselves but also the people that are the same as us. And it's also important that we also have some sort of point of gathering where we pool the knowledge that we've gathered all throughout the world wide web like this forum, it helps because it can make people get some assurance that the information that they're getting is correct, accurate and not elusive.

Therefore, many people are in a hurry to gain wealth, but they forget the minimal knowledge they have, so this makes them fall into a reality that does not match their expectations. Therefore, it is better to study it carefully first before deciding to invest, especially as opportunities to get low prices will come often, so there is no need to rush.