Bitcoin Forum

They're some misconceptions beginners in cryptocurrency investment especially Bitcoin normally do and also think during investing in bitcoins, especially people that has not invested in cryptocurrency before,  some people think that immediately you venture into bitcoins investment you're rich, but such concept or ideology is not real..

I want us to let our siblings, loves one's know the advantages and disadvantages of investing in bitcoins, before they venture into cryptocurrency investment especially Bitcoin...because I was in a Bar taking some bottles, a woman came, she starting complaining to her friend how one of her lured her to invest on Bitcoin during the time bitcoins hits hundreds thousands [100k] and after investing in bitcoins at 100k price, then bitcoins price began to fall, to the extent that price of Bitcoin currently is at eighty-four thousands [84k]

So the woman that informed her of Bitcoin investment brainwashed her with motivational hopes of doubling what she invested within one week, so obviously the woman thought that she has become rich after she invested on Bitcoin.

Summary Do not tell people who has not invested on Bitcoin only the positive side of Bitcoin investment, also give them or tell them the more of the negative of Bitcoin, let them know that price of Bitcoin is not constant it always fluctuating, so that they will not having such mind of becoming rich they have invested in Bitcoin with a short time.

In cases like this, I only don't blame the person who she claimed brainwashed her; I also blame her for even believing that there is any form of investment out there which you will put your money into and start making a profit immediately without times when you will experience losses.

And on the other side, I also don't see a reason why some people go out there with that kind of promotion sharing misconceptions about the whole Bitcoin investment thing. What's in it for them? Bitcoin won't reward them with anything for bringing in someone. This is not like affiliate marketing or a Ponzi scheme; some people actually drag trouble to themselves without knowing it with the kind of information they share.

Those that easily give in to people persuading them that they can double their investment within a short period of time are still not well informed about the internet phase that we are now. There is no such thing as quick money making process and they should by now know that people are out there to always brainwash them with sweet talk in order to lure them to invest in something they can get little referrals bonus from. They may not want to scam you but persuading you to believe in them is enough for them to achieve their aim.

Bitcoin investment has its good and bad sides and it’s important that any aspiring investor should know very much about what they want to invest in, the risks involved and should also be well prepared to take on the risks involved in what they’re about to invest their money into. The volatile nature of the market is of great importance for every investor because that form one of the most important basis of whether an investor can really go on with their investment in bitcoin or not. Bitcoin is not a get rich quick scheme, it requires patience and trust in the process.

I agree with you, because bitcoin investment doesn't guarantee richness, and bitcoin investment doesn't also guarantee returns, though many believe that bitcoin investment guarantee richness and returns, but that is not a good mindset for those who are want to get started with bitcoin should put on when approaching bitcoin, Because you may invest wrongly in bitcoin and end up selling in loose or you may invest what you can't afford to loose in bitcoin which may lead to emotional and financial damage if time is not taking.


And Secondly when we want to tell people about bitcoin we should try and tell them all they need to know about bitcoin and bitcoin investment in other for them to check and balance thereselves to know if they can suit in to  invest in bitcoin, because bitcoin is volatile in nature it price fluctuation can make someone panic and loose emotional control and sell in lost.
this is just my own opinion on this matter.

No investment guarantees any richness. Bitcoin is not alone. We take risks when we make investments. If we end up making money, it is because of the risk we take. However, that also means we can also lose money. Nothing is guaranteed. We need to make educated decisions to improve our chances of winning. That’s what really matters. If make random purchases without thinking about it, then it is not any different than gambling and gamblers usually lose money in the long term.

This is one of the reasons I said we should not bring or introduce someone into Bitcoin investment without explaining better for the person, what they woman heard to invest on Bitcoin is not what she is seeing right now, the age I saw the woman I don't think that she research on something else before executing it, so we need to know that cryptocurrency investment is all about risk, so young adults can understand such, but aged people will not understand such, because they thinks only forward not backwards. In norms, she supposed to make research before investing, but she was carried with sugar-coated words of making profit in bitcoin investment.
 

People are always super excited when it comes to investing in bitcoin because they feel there is breakthrough in there investment and this is why they need to have orientation about what they are going into before they start because people have this mindset that the moment they start investing in bitcoin they have solved there finical problems forgetting it will take a lot of time before they start making money and that is only if they are consistent.

And if you tell your family members and friends that you are into trading or holding they think you are one big money bag they don't even want to know the challenges that are there as a trader. The risk that it comes with, even if it is fun there is a log of risk especially when you are trading so they need to know all this things so that they don't its actually easy, they need to know all this things before they start.

Are there any investments, even in real life, that guarantee you will make you rich? But still we are investing with a hope to make money. When there is no guarantee, it means there is risk involved. That's what we should know: actually there will always be risk in any kind of investment. So Bitcoin investment also won't guarantee to make us rich anyway. But we are investing with a hope to make money.

When I introduce Bitcoin to anybody, I explain how the price of Bitcoin works. I describe the potential risk besides the possible profits. Those who understand the reality, I prefer them to invest in Bitcoin. Otherwise, I don't influence them to invest in Bitcoin. Because later they will blame me, and I don't feel comfortable hearing any blame in return for teaching them about Bitcoin.

No investment can guarantee real quick rich. In fact, it could resort into gambling and eventually lose your capital if you invest into something you don’t know well or understand. Much more for bitcoin where volatility and price fluctuations are high, if you can’t ride that, you will left nothing but losses.

However, some may turn rich but it’s a long term hodling and processing. It could even take 5-10 years before a bitcoin investor could make excellent profits form bitcoin.

If there were investments that guarantees riches I believe every one on earth should have been rich or there shouldn't have been poor people anywhere in the world. But because everything that involves investment has their own risks,  people tend to dive into which risk they can afford to bear. Same thing is applicable to Bitcoin and every other digital assets.

I prefer lecturing people on the risk involved in Bitcoin investment than asking or persuading them to invest. I rather allow them make their choice afterwards. For good return on investment (ROI) Bitcoin doesn't smile much on low budgets. And the risk of falling for FUDs are always high for starters and newbies so I rather allow them do their own research.

Before reading through other user's reply, let me quickly make my contributions while I still know what to say. You see, the word "investment" has been termed to so many supposed financial opportunities, but there has been some exception when it comes to Bitcoin. When a real estate investor wants to talk others into investing in real estate, there is always a ground basis of long term investment. Same thing goes for other areas or things we can invest in, but Bitcoin has always been an exception. Truth is, this is clearly not Bitcoin or the community's fault, but it is as a result of wrong interpretation by most investors(I think the majority).

And one other area that I think so many people might be getting it wrong is when your investment happens to be your source of living. I don't know about others, but to me, I believe that your investment should be your reserve, or backup. Just like how few exchanges uses the 1:1 reserve for backing up user funds(can't really remember the actual name). Truth is, there is risk in Bitcoin investment, but that risk reduces overtime. So, in a case where someone invest in Bitcoin for a short term, thinking that it will bring riches, will most likely end up being a disappointment. There is no logic to any of these, get something doing, invest in Bitcoin and make it your long term reserve.

I agree, and we must be true to them. As we tell people about Bitcoin, they deserve to know the risks and possible losses that may happen from our mistakes. They must be aware of the possible things that may happen, not just by saying all positive.

We are not just encouraging them to invest in Bitcoin but rather educating and helping them understand how it works. Sharing our stories and experiences could help them as well to decide whether they invest or not. We should know that this is not for everyone, but this is only for those who dare to take risks.

The advantage of bitcoin is to understand it and invest in it to make gains, the advantage of bitcoin is to make profit, consider it as a store of value and also a currency that can be spent. When there is a good understanding of bitcoin you can't get the disadvantage of bitcoin. The disadvantages of bitcoin occurs to those who don't understand  and want to get rich quick in investing bitcoin.
It is important people should be told about the volatile nature of Bitcoin and not only how to make profit from it.  Beginners will always have challenge investing bitcoin if they are not being told about the market of bitcoin.  When people are not being told what they are supposed to know,  they invest in bitcoin with so much expectation.

Investment is always a risk, and when there’s risk, there are no guarantees. Those who promise guaranteed wealth are either people who lack real knowledge or are simply using sweet words to attract others into investing in their scam platforms, often riding on Bitcoin’s popularity.

Even back when Bitcoin’s price was still very cheap, if it truly guaranteed wealth, then everyone would have bought in without hesitation. But only a few did, because many were scared or unsure, some didn’t believe in it, while others simply didn’t understand it at the time.

So if I would educate people about bitcoin investment, I always include its risk.

Investing is like gambling, there are no certain outcomes. However, if you know your investment well and you make countless efforts to make it work, then there could be higher chances of success, and that could make you rich in the process.

But risks could bring certain losses at first. If you resort into quitting, you will continue to be at loss, but if you endure and make it a positive motivation, there’s bigger chances that what you are investing now could become the key for your later success.

We keep acting surprised when people fall for hype, but look around, every system we live in runs on hope wrapped in urgency. Bitcoin just gets the blame because it doesn’t apologize when the price drops. It doesn’t offer refunds. It doesn’t care. It just is.

The problem isn’t Bitcoin, it’s how we teach people to relate to risk. You tell someone who’s financially drowning that Bitcoin is a life raft, and yeah, they’ll jump in headfirst, no life vest, no prep. But Bitcoin isn’t salvation. It’s self-reliance with code. You wanna invest? Cool. But first: can you hold your own keys? Do you understand halvings? Do you even know what “finite supply” implies for long-term economic behavior? If not, don’t press “buy”, press “pause.”

We’re dealing with a generation that wants outcomes without process. But Bitcoin is process. And pain is part of that. You’ll hold through dips, question everything, and if you’re lucky (you’ll come out with more than just capital) you’ll come out with clarity. And that bar story? That’s not rare. It’s just louder now. So yeah, tell the whole truth. Bitcoin is freedom, yes. But freedom has a cost. Belief is cheap. Understanding is work.

When there is a little dump in bitcoin you see it generating negative news in the market and thereby creating huge  fear too where we see people selling most of which are Those newbies who just come into Bitcoin investment early, and for me I don’t usually blame this kind of investors because I feel it is the the kind of wrong narrative that they get while coming into bitcoin, most of those people bringing in new investors into bitcoin in my opinion most of the time concentrates or passes only the good will message to intending investors without explaining the risks involved to them.

Bitcoin investment if been held over a long term has proven to be profitable with the coin able to give an investment at least 2x in four years period but this it’s self isn’t guaranteed because the market can be in bearish condition for a very long term too, so bitcoin investment isn’t more of a get rich scheme but actually more of a thing that saves your money from inflation affecting the fiat currency. This should be what people add at advocacy for bitcoin investment

They can think they are investors (in Bitcoin) but their practical investment activities are different but decide their results.

People who practice with investor style with good risk and capital management, good discipline and good strategy for entries and withdrawals, have very high probability to get profit. Because Bitcoin price grows up with its market cycles and history proves this.

People who consider themselves as investors but don't have practice of investors, will have high chance of getting losses. Because in practice, they are not investors, but are speculators with short-sighted thinking and activities or worse they turn to be traders in this volatile market.

There's the principle of caveat emptor. If somebody convinces you to buy a small bottle of liquid that supposed to make you live more than a hundred years, you won't just accept everything as true and buy. The same with Bitcoin. If your friend tells you to buy Bitcoin because it doubles your money in a week's time, you won't just accept it right away and buy. You have to do your part, your responsibility of knowing whether what's claimed is true or not.

If this is victim blaming, so be it, but she's wrong to just believe whatever her friends tell her.

Yes of course if you want to give someone an idea about Bitcoin, you have to explain both the positives and the negatives. Because if you only explain the positives to someone, they will invest without knowing the risks and blame you if they suffer a loss. Bitcoin is risky so don't expect quick profits by investing in Bitcoin. If you want to profit by investing in Bitcoin, you have to hold the investment for a long time. Everyone can invest but not everyone can hold for long. You can't guarantee profits by investing in Bitcoin, but you can expect profits if you hold it for the long term. So if you give someone an idea about Bitcoin, don't force someone to invest. If they want to invest on their own knowing about the risks, you can help them.

I need to understand the context first.

If the woman just suggest the investment by not asking something, I think she's dumb.

But if the woman suggest the investment by asking her to create account under her referral, she has a purpose for it and at least she make money even though she risking his reputation.

Bitcoin doesn't guarantee rich, but the reward is higher than average investment.

I am very curious why there are people who when trying to convince someone to invest in Bitcoin only on the positive side, do not tell the whole story.
This way of convincing is like someone involved in an MLM business who only tries to get people to join his business and does not care that the business is difficult to make a profit.
If we have good intentions for people to invest in Bitcoin, then everything about Bitcoin will be conveyed including the very fluctuating market conditions, and properly inform them that this is not an investment that can make us rich quickly.

Investing in bitcoin will not make us rich, let alone any guarantees. The days when bitcoin could increase by thousands of percent and give x100, x1000 returns are gone. What we will get when we invest in bitcoin these days is that we will have the opportunity to get significant profits compared to other investments. There is no way we can invest $5k or $10k and think that in the long run we will make millions of dollars, those days are gone.

This notion is not only happening to newbies but even to those who are investing in bitcoin, many still believe that bitcoin will reach $1 million in the coming years and will reach $5 million or $10 million in the next 20 years. That won't happen easily because bitcoin's market cap is not small anymore, we should be realistic about that.

Even on our forum I rarely see anyone talking about the risks of investing in bitcoin, most people just focus on promoting its potential and ignore the risks when newbies ask for investment advice.

She got a wrong information about Bitcoin investment so she doesn't understand why her investment decrease. When we want to explain Bitcoin, we must tell all things about the investment and I agree with @OP because by explaining the details of the investment, someone can think what benefit of Bitcoin for him/her.

Bitcoin investment is not a way to rich in shortly but there is time to wait for the process running. They must understand that and if they want to start Bitcoin investment, they should use the money they can afford. That is the important thing to do so they will not regret if they see the price is down because they know what they need to do.

the temptation of attempting to convince someone that is just getting started in his bitcoin investment to believe that all things is well has been the cause of this sort of narrative. someone comes to you and asks that you suggest a good investment they should put their money in since you are a Bitcoin fellow, you tell them BITCOIN, and because you want to prove a point, you only tell them the good side and shy away from some obvious reality they will face along the way considering that bitcoin is a volatile asset. the time to wait eventually comes and the pressure hits on you as though you have what it takes to even manipulate the market. the truth is that anyone that you know wouldn't want to wait or invest for at least one year, there is no point asking them to buy and hold Bitcoin. That should be the first question to ask them, can you hold your coin for a year? if yes, you are in but if not, then bitcoin investment is not for you.

There are many misconceptions when beginners start investing in bitcoin. Most of them only invest based on what people say. They are too lazy to do research and believe that when they invest in bitcoin, the profit is guaranteed. In fact, doing research at the beginning and understanding the risks are important things for beginners to do when they want to jump into bitcoin investment. Moreover, the bitcoin market is so volatile, if they don't understand it, then what will happen is they panic and protest like the woman did.

The issue here is that both the learned and the learner are not different.

The rate at which people are eager to jump on anything that promises them massive cash out without due diligence is alarming. As long as you tell people how they'll make money from any platform, they don't care to know about its cons since their mindset is already glued to making money irrespective of how the platform operates. Unfortunately, bitcoin is not operating on that similar path.

I would have blamed the woman in question but she probably act out of desperation. Why would anyone want to teach others what they actually have no idea about? I have once witnessed a similar case where a young man was telling others about gambling and focus solely on the winning aspects and the gullible listeners were excited thinking they'd breakthrough from poverty after the trial. Ignorance and lack of awareness is contributing to this menace seriously.

Bitcoin is no magic wand, it's essential to understand that.

Especially for newbies who are eager to drop their small funds into anything that shines good enough.

i've been mulling over bitcoin a bit lately. it can still put some cash in your pocket, no doubt, but I'm not holding my breath for those wild, life changing spikes like back in the day, the market's grown so much, it just doesn't pump like that anymore. I see why people are into it, and I feel the pull too but those rollercoaster swings? They're real. i've figured out it's best to only throw in what i can shrug off if it tanks, keeps my head clear and my nights peaceful

Just keep your BTC in spot.

Hodl. You will prevail if you hodl long enough.

 8)

I think in terms of investment in Bitcoin, anybody who probably want to preach the good gospel of Bitcoin investment to anybody, should do well to always highlight the risk factors that are involved, because hence you make analysis telling them of how volatile the market can be most times and you also go ahead to tell them the profit they can get upon them being patient and going through the storm, then you'll be giving a balance analysis for anybody that would have the mind to invest.

the damage that is always been done to newbies is the fact that most of the persons that convince them to invest in Bitcoin or probably any other cryptocurrency at all,  don't give them balance analysis as they are always one sided and making a gloomy explanation of a profit margin upon investment, that is why some experts of today in Bitcoin investment will always tell you that they were one time victims of those kind of situation, hence if they are bringing anybody on-board, they will painstakingly explain the rigorous processes that is involved and how patient you will have to be as an investor to watch your profit grow gradually.

If there are people who believe that after they start investing in Bitcoin, they will instantly become rich, then you can ask them what they think, why are there still so many poor people? If everything were so simple, many would have already become investors. Therefore, of course, you need to help people learn all the sides of investing in Bitcoin. You do not need to give any promises or hope, but tell all the unexpected things that can happen to the investor.  In general, the best advice for all acquaintances and friends of users will be the advice to join this forum and learn information yourself by communicating with many people.

It should be noted to those new to BTC that it is no magic scheme by any means. It's a tool to be understood and used accordingly, so many ways to interact with it and to make it better long-term.

Without proper knowledge built up, things may end up differently.

Lol if anyone told me that something can double my money after a week, I would think that this is a scam. It is simply impossible like that. The one who relayed on this information also does not understand bitcoin enough for certain.
This is why a lot of bitcoin enthusiasts do not like to advise anyone when it comes to bitcoin because when this person does not understand bitcoin properly they will be blamed for whatever stupidity arises.

..Or the person in question is just too trustful, to say the least.

It's like an era of 2010x, where there were scams like that all over, and more people got into them  ;D

People who think about bitcoin in this way are people who are still yet to understand the concept of bitcoin investment people who know how the market operates already aware that bitcoin investment is not a get rich quick scheme. there is a lot of time and patience before you will make profit from the investment, So people who think about this way did not understand the concept of bitcoin investment.


But to me, the woman who brainwashed her with lies should not be blame but rather she that believe with the woman said, the best thing is that no matter how promising a investment is you should make your own research after they tell you about it you should not just believe with another says and put in your money into a investment without proper investigation about it.

To be honest, right now I don't want to be involved in other people's lives anymore. If they are mentally ready to invest in Bitcoin, then I will try to guide them. However, if they just want to get rich quick overnight by investing in Bitcoin, then I will kick them out.

In order to make a big profit in investing in bitcoin, you need great patience and consistency because it is not easy to survive in bitcoin investment, especially since the price is very volatile. Those who have never been involved in an investment will definitely be surprised by the fluctuations in the price of bitcoin. For those who want to get involved in bitcoin investment, it is better to read the history of bitcoin prices first. Don't put your money in straight away, the risk of you cutting losses in the future will be very high when the market is bearish.

Women scamming women are really many and dangerous, because even if they get scammed, they still don't want to lose their friendship and act like there's nothing happen. Women also prone of getting scammed, I just don't understand, they really believe in what their friends said instead of their husband or their child. Sometime I think children are smarter than their mother in terms of technology and think logically.

People who ask me want to hear only what they want to hear, and it's mostly positive things. But I am cutting the fun of their ears as well and tell them that it's very volatile and without doing anything, if they can profit, they can also lose in value.

They're expecting to get rich overnight with Bitcoin because that's what they have seen from the early investors. Understanding how investing works, they will have to go through a rough time before they can also be on that level.

Bitcoin in the long run is a guaranteed success but being rich, it'll depend on how much you have accumulated.

people are just curious and the problem now is that some people don't actually want to invest in bitcoin just that they are pushed by what they see or hear and this is why some of them don't even care about learning because if they have been caring about learning they wont be acting the way they are, if it was something they have passion for they would have been doing very well, even if they are not always favored because the secret lies in what you have learnt if you are ready to actually learn then does will serve as guiltiness to know exactly the kind of decisions you take.

And what i understand is that you can not force people to invest in what you are investing in because if anything should happen then there is no way that you be able to defend that action there are a lot of things they need they need ti learn before starting anything so when they already have an understanding they will  be able to decide what they want to do exactly weather to invest or not.

You spoke very well and you read my mind exactly right.
The truth will always be there for everyone or for every potential investor to see, it is left for them to accept it and work accordingly.

Besides the profit that may be a guarantee of long term investment in Bitcoin, I also try to point investors to how Bitcoin investment would help them secure their financial future in regards to it being a strong hedge against inflation at the possible best. Although the bearish season may weigh in and try to cause FOMO, but am sure the history charts have a better explanation and there's always a vantage point if one carefully studies the market.

I have seen a similar case where the guy doesn't know much about how bitcoin works, but claims to be a good trader. He told a lot of people to give him funds to trade for them. Unknown to him that bitcoin is a volatile asset. When the price started dipping, he made a big loss. He sweared not to deal with anything cryptocurrency again. His lack of knowledge, made him feel that bitcoin was a scam.

No investment in the world can guarantee you return talk more of being wealthy. Every step to investment is a result of self-awareness of the risk involved and how much we can be able to risk to get our returns. What makes an investment better than other investments is the level of risk that can be reduced. Bitcoin is better than most investments because there are several reports of bitcoin giving tangible profits over time if invested properly.

This kind of thing can not be prevented from happening, because in any field or investment it can happen and we can find someone who feels great, understands or understands, is an expert and has mastered what is conveyed and also produces good things or profits even though in fact all of that is not in him. So it is very necessary to be careful because people like this can be found anywhere and do not be easy to believe, especially Bitcoin which is currently on the rise which can be used by these people and we cannot blame the person. And who is to blame if he is provoked, it is his own fault because it is very easy to believe without doing intelligence to analyze or try to find accurate information to learn everything so that it is not easy to believe. And incidents like this will continue to happen and it can be said that one of the things that people should know and fix is ​​Bitcoin even though it is a big mistake if he fixes everything well but incidents like this will be an experience and can also be used to tell others not to easily believe someone before learning and doing their own research which in the end those who are wrong will still be involved and start over well overall because I am very sure that there must be many Bitcoin users or investors who start from all that and make it better and become profitable after learning and fixing it overall because all things can happen can start from mistakes, stupidity and also in the right way and so on the most important thing is that Bitcoin adoption continues to grow in various ways.

This is terrible, and it needs to stop so that people won't have much hope of becoming rich through Bitcoin investment.

This misconception of investing in Bitcoin and being rich has caused much damage to people who invested their wealth in Bitcoin for quick profits.

I just think if you, I and everyone who knows about Bitcoin investment could begin to tell people we know not only about the positive side of Bitcoin, this misconception will gradually reduce because those will tell, will also tell other people they know about positive and negative side of Bitcoin

Yes, most new Bitcoin investors believe they'll get rich simply by investing in Bitcoin, only to discover later how wrong they were.

When advising anyone new to investing in Bitcoin, it's crucial to explain the risks before the rewards. It's also essential to explain the significant volatility inherent in Bitcoin. We must understand first and foremost that Bitcoin doesn't provide quick riches, but rather is the best way to hedge against inflation and gain profit in the long run.

You said it just the way I would have liked to hear it.

If anyone is looking for some guarantor towards being wealthy, I think such person is out looking for the impossible. There is no guarantee to wealth in whatever investment that is out there. There is always risk to an investment and that risk could easily become the order of the day which spells loss.

You can loss in any investment even after doing all the analysis you think needs to be looks at. You never can tell on all circumstances that can change at any given minute and you’re down again. Take Mike Tyson for an example, he was down to taxes, in debt and it took the Jack Paul fight to get him on his feet. This is someone you would say is wealthy and definitely have investments as well as some rarities to his name.

Well, I’ve taught a lot of person about cryptocurrency and I didn’t tell them the good side only, I keep teaching them but at the same time I also keep fudding them that crypto isn’t good, too much risk. Of course sometimes I’m happy to tell them the good side of it because this is the reality, we can earn, we can have profit through crypto but of course due diligince my bros, they should be careful too and be aware of the risks. It’s a common thing that if it involves money, then they should be careful about it, they should have risk managements and be aware about their financial status.

Like now, do you think it’s advisable to tell the newbies that they can become a millionaire if they put money at this point? No.

Technically, no form of investment guarantees you safety, not even share marketing, mutual funds, and real estate.
After all, most people end up in losses.

Making money via sensible investments takes a lot of patience and persistence.
Sadly majority are not able to control their urges for losing enough (without any fault of their own).
The social media influencers, magazines are hammering people with quick-rich scheme-related content. This creates a FOMO too strong to keep resisting.

End verdict: Be it crypto or anything else, only a smart investor (a learned investor) will make money after showing enough persistence.

Are you a seasoned crypto investor?

To start with Investments actually are more like risks meaning there is always a chance of it going sideways unlike regular savings that you are guaranteed your interest after a particular period of time. The thing is with investments you have a higher and obvious chance of beating inflation and also ending up in profit.

What investors try to do is reduce their risk while still keeping their potential profits at maximum value. Basically bitcoin investment is an edge over altcoins because you are more certain of price progression than a down side retracement.

People with this mentality often make terrible mistakes like selling their coins after small price changes probably in the direction of the dip. And this is mostly practiced by newbies.  Bitcoin is not a get rich quick scheme, it the lots of patience to arrive at a massive profit. Those who held for longterm has been on a wining side irrespective of the highest lows the price of bitcoin may make during this recent trend. There is obviously a need to study the market  before proceeding with your trade sell or buy, but one can make use of the DCA to accumulate his bitcoin for a long period of time without  feeling too much pressure compared to a holder who used a lump sum strategy

This is another method people lure their friends to invest in Bitcoin and it is very bad, instead of me trying to lure someone to invest in Bitcoin I would rather keep quiet without not saying a word, we know that Bitcoin is another way to earn profits but that doesn’t guarantee that it will make us rich, Bitcoin is not what some of us are thinking and that is why if some people invest in Bitcoin in just a month they will start complaining and asking when the price is going to rise or is it the right time for them to sell their Bitcoin.

It is time we know that some people don’t like Bitcoin at all, they only invest because they see someone made a lot of profit through Bitcoin, and in the story of that lady, I blame the person who introduced her to Bitcoin because she didn’t tell her how Bitcoin works if you want to introduce Bitcoin to someone you should tell them everything about Bitcoin both advantages and disadvantages so that if the person is capable he or she will do it and when the price drops the person will understand.

Yes, when you talk out someone about Bitcoin investment, you should also tell them about it's cycle. Bull run and bear cycle and how everything operates on those period so it will take time for our money to mature and make that big profits that everyone is like preaching.

And if I'm the person that is really interested on investing, I will also do my due diligence and study how the market works. I mean it's my hard earn money, so I will have to really understand everything despite what someone is telling me about how to get rich. So it's not like we will rely on others even if they are our relatives or friends teaching me about the benefits of investing into Bitcoin.

Well well, theere is nothing that is guaranteed in every investment but here is one thing about Bitcoin, if you have been buying Bitcoin from 2009 to 2024, you should be in decent profits by now, only this year I can say the profit has reduced small but one day in future, this particular price we are talking about will become something or past to discuss as we are going to be trading Bitcoin on another all time high, that's what I can say about Bitcoin investment.

It's good to make people understand the way Bitcoin work, don't hype it much and don't give them assurance like they are about to win something or change their life. In my own opinion, if they can hold Bitcoin for as long as they can, Bitcoin can make you richness but this depend on how much you already put into Bitcoin. Anyone investing $88k into Bitcoin now is a big person because the amount is high but I'm pretty sure you will make more later "if" you are patience.

I do not tell anyone about bitcoin unless asked first. I start with the cons first. That is their firs test to know if they are actually interested.

Most of them do not stay till the end. At which point I just talk to them about other businesses that they can be interested. Bitcoin cannot be invested in by everyone and that is what people should be aware of. Some want to get in because of peer influence and not our of genuine interest.

In reality bitcoin is what preserves your wealth and guarantees that if you hold on long enough you will be glad you did. I tell those who stay about this and that is the reality of what it is.

New investors often make such mistakes in the first stage, they are interested in starting investing only because of the profitability of Bitcoin, they only see the benefits most of the time, but start investing without thinking about the risks. But when they face reality, and come across the real volatility of Bitcoin, they get scared and sell their holdings at a loss.
That is why it is necessary to have a clear idea about the market from the beginning, Bitcoin cannot only be thought of as a profit, the risk aspect must also be kept in mind. Bitcoin can never give a guaranteed profit, so you have to understand the right thing and hold it for a long time by adopting the right strategy. Only then will success come closer to you.

In the part of the world that I come from, people will easily believe you hence you have money. When you tell them that one thing or the other is the source of your income, they would not bother to investigate more but rather they will want to dive in. So it is not difficult for the woman in question to believe that she would become a millionaire overnight because the person that introduce her must have been doing well in the real life.

Op give a good advice to us as we should not overblow Bitcoin. Even if we know what bitcoin is capable of doing, who should explain it in a moderate form to newcomers and if they eventually meet more, it is a good deal for them and a kind of surprise.

The guy must be a blind risk taker for ever thinking that he could get so rich in trading when he understands nothing about trading, people who do not know much about Bitcoin investment don't need to risk it because they will always see Bitcoin investment as a ponzi scheme where they can expect to multiply their capital overnight and for those who intend to start trading blindly they better not waste their time and resources because they will lose all they had laboured for. Knowledge is one of the best ways to get started in Bitcoin I think anyone who wants to invest in Bitcoin should get some clue of what they want to put in money into before investing.

Actually it is important to let people  know the ups and downs of Bitcoin not only talking about the sweet part of Bitcoin, because people can be aggressive when they discovered that you tricked to to invest in something that made them lose their money without letting them know the downside of it. Just like I introduced one of my friend to Bitcoin I  told him about the good and bad side of Bitcoin. At first he was so in hurry to invest but after I have explained the risk aspect of it he was calm for some minutes and he didn't respond so quick again, meaning that if I had only told him the good side of it without telling him a bout the risk involved them he would have angry at me if he lose when he would have invested. So if they know the truth without sugarcoating it then they will have no one to be blamed.

I don't think telling them about the bitcoin cycle and relying on it for investment is a good idea. What is the guarantee that the bitcoin cycle will always repeat? Like what is going on, does anyone have proof or assurance that the bull season is not over and prices will continue to rise? Because if we look at previous cycles, we can easily see that the real bull season is coming this year. But does anyone dare to confirm and guarantee?
Instead, tell them that bitcoin is very volatile and unpredictable and if they want to invest in bitcoin, they need to hold it for the long term and should ignore short-term volatiles.


My only advice: DYOR, don't trust anyone completely.

You have mentioned the truth, because nobody says the difficulty speaking just about the benefits of investing in bitcoin. In my opinion it is better to tell those who wish to invest bitcoins everything first. There are lots of difficulties as there are benefits in Bitcoin. High risk of bitcoin investment is a complete investment. The price of highly destabilized in the Bitcoin or any currency market fluctuates much faster and that fluctuations can cause big risks for sirs. Before investing, it should be remembered that you may expect big profits one day, but it is very important to think long while investing in another currency.

It is very risky to collect money from people to trade for them, it is not even advisable for anyone to go into trading without having knowledge to trade because you will definitely lose your money in the market.  One of the problem with some people is that they have refused to learn but they have so much confidence that they can do all things with idea but it not like that for trading. In trading you must acquire good knowledge before putting in money to make some trade.

That's a really bad idea indeed.

We should trade only with the funds we are willing to spend, and these shouldn't be someone's to begin with.

It can be said that most of the fault lies with the newbies because they did not take the time to do thorough research first and just invested based on other people's advice. But part of the fault lies with some investors when focus only on talking about huge profits and forget to mention the risks that bitcoin can also bring when advising others.


In short: when giving advice to others, we should be fair and provide them with the full pros and cons of investing in bitcoin. Hiding the downsides and risks of investing in bitcoin only hurts them, not helps them.

Nothing shocking on which people will really be that focusing into the positive rather on knowing the negative. The only thing about other people been that trying out to focus is on how they would really be able to make positive or making up some gains with their crypto investment on which this isnt really that only talking about its negative on which we know that its always been part when it comes to investment. Same also into those people who had been that too optimistic on which it do comes into a point that they had that become that too unrealistic when it comes into their goals. There are even thinking about being getting rich with having a few hundred bucks of their investment on which they didnt even trying to check out about the overall marketcap on how much they could potentially make if the price of Bitcoin would be hitting up. Guarantee shouldnt really thinking up first because at the time that you do have that thinking then you do really that become that too desperate.

Whenever you do made out some decisions on investing then always invest on what you can afford to lose and never ever having that kind of generalization or drawing up some conclusions because we dont even know on whats the future of Bitcoin. Invest into those amount on which you can afford to let go because if you've been that doing some all in kind of investment and if the price goes south even if we do speak about longer years then it will really be bringing out that kind of disappointment. This is why its really that important that you do really know on what you are indeed doing.

Due diligence is what I say.

Nothing in the investment space is without a risk, bitcoin has its risks and that needs to be understood. This is one of the reasons why people cant make money from investments or trading, they dont understand risk properly and how to manage it.

Stock markets have their own risks, so does gold and real estate. Each has its own specific mindset to ride through.

Yeah, I totally agree.

Once you get the proper knowledge of how to hodl and why you need to do it, it all clicks, and you never experience shaky hands on BTC.

If one invests without doing a proper analysis and listening to someone it is the reason for his failure, money is not something to neglect so everyone should invest his money carefully. Bitcoin is a volatile and lucrative currency that offers higher profits in less time than other investments. That's not to say that investing in Bitcoin is risk-free. Just as investing in bitcoins offers higher profits than other investments, it also has the potential for higher losses than other investments if one panics in the short term. Investing in Bitcoin requires building up patience in advance so that you can keep yourself in control in any situation and keep a tight holding of Bitcoins. Bitcoin never makes anyone rich overnight.

If you hodl for 5+ years, you win in no matter the case with BTC.

Just keeping your hands tight and not dropping out of the process due to dips / corrections. Just continue and push forward.

I think no one saint thinks it is guaranteed, but it is HIGHLY PROBABLE... ;)

It's high if you have enough understanding what to do ;)

Yes, it is true that one should not encourage someone to invest by only mentioning the positive aspects of Bitcoin. Because in this case, if he faces losses after investing, then he can certainly blame himself for highlighting these positive aspects. Before investing in Bitcoin, one must thoroughly explain the negative aspects of Bitcoin and the risks involved in investing, and then encourage them to invest. If someone is well aware of the risks of investing, then they certainly cannot blame Bitcoin.

Investing in Bitcoin requires not only desire, but also knowledge. Of course, Bitcoin can bring profit, but there's indeed a lot of risk. And it's not just the risks inherent to Bitcoin, such as volatility and major price corrections. It's also the risk of storing coins on centralized platforms and getting scammed/losing money in a major exchange hack, the risk of losing your own passphrase, of sending money to the wrong address.

And while we hope Bitcoin will keep rising, the past is never a guarantee for the future. That reminds me of Hume, who thought that even the laws of nature are not as permanent as we believe them to be, and perhaps one day, gravity changes or the Sun never rises. I am not as sceptical as Hume, but while I think the Sun will keep rising, I understand that Bitcoin might not.

That's because people are too traditional to accept the new technology, they create such concepts because they have only heard the good stories of how people made generational wealth by investing in BTC but what they don't understand is, these people have invested in BTC in early times, now they can make the same profit but it will take longer than that, another mistake these traditional people make is considering some other alt as the next competitor of BTC thinking that the X coin will make them the generational wealth too.

I agree with your summary, we should give them the whole picture of what it looks like to invest in BTC it is not always profit, and we can't make quick generational wealth like people have made, and TBH I have seen a lot of people making money from shady ways.

I haven't really achieved too much from my bitcoin investment which I am building from my signature campaign weekly payment, because I am still piling it up for the future as a hodler. I have benefited a lot from the forum apart from the financial aspect. I have learned to be humble and keep my bitcoin investment secrets without showing off. I have gained a lot of knowledge in various aspect life.

I mean, investing in general does not guarantee you richness at all. You really have to be smart with your investment portfolio in order to make the most out of your returns. Also, investments are considered part of your savings that will generate value for long-term.

If you will observe the price history graph of BTC, you will see that for years there has been a steady increase of its price. Of course, there are lots of factors to consider but if you invest for long-term with a minimum return of ten (10) years, then you will see that it will grow on its value. You may not be rich once you convert it to cash but at least you have something that is comfortable enough for you to enjoy.



I am with you on this one.

To be honest, I deeply regret my past decisions of spending almost all of my BTCs that I have earned from participating in campaign signatures since 2017. Unfortunately, I was only able to save at least 10% of my BTCs and I really regret not investing it for long-term. Now that I know better, all of the proceeds that I earn from my campaign signatures go directly to my investment portfolio for long-term returns.

If not that people are just too inquisitive of making quick money, why would she invest in to something that she doesn't have a proper idea about, is she not also supposed to do her own research before putting her money into it? Who ever that has brain washed her to invest into Bitcoin without telling her about the risk, did she herself bothered to ask the person the future risk of such investment? Sometimes people are just too blinded by the mentality of get rich quick schemes and that's why they easily get scammed. Because if she was not ready to hold Bitcoin for a long time, she should not have bought at $100k but should have bought Bitcoin earlier when price was still around $40k.

Investing also has its techniques, and it is not just throwing money at random prices without doing research on price movements. So the woman had clearly heard sweet things from her friend but not with the risk because investing in volatile assets will always face the phase of rising and falling prices. Her decision was good to invest in Bitcoin but in the wrong way and was considered reckless, especially entering at the highest price where the situation is now no longer buying but selling. But what she has now with bitcoins bought at a price of more than 100K, then she needs to wait for the next Halving time or cycle. And for now she really has to forget her sweet hopes.

That is because when we are new, the excitement is still high despite having an idea about others about this. They might discover it wrong later on but as long as they are still doing their job of buying and hodling, they will now actually be closer to their dreams of getting rich.

As a good or honest advisor, yeah and they definitely know this already but for those who have other intentions like they think BTC is like a pyramiding. They will do what they can to attract more people to it including false advertising or giving false advice. If only about being a hedge, there are also others out there. I won't say BTC is the best. There are still other use cases of BTC and some might get interested of them than by simply holding their BTC for the long-term.

I really do think that it is best to put it this way: "Investment in Bitcoin guarantees wealth if done right." The truth remains that Bitcoin is a store of value, and if we allow our Bitcoins to appreciate further without touching them, we will become rich in the future.

I am beginning to see things from this angle that there is really no bad side to Bitcoin and as such, there is no need to talk about any bad side to anyone. Just like every other kind of investment, there are dos and don'ts that will determine whether the investor becomes profitable and rich or loses everything, including their capital.

In the case of Bitcoin, the major factor that determines profitability is volatility. I believe that is what most Bitcoin investors are tagging as the bad side of Bitcoin. Volatility is not entirely bad; anyone who understands how to use volatility to their advantage will be glad they got to know about Bitcoin.

All investors need to do is understand the basic concepts of Bitcoin and form a good strategy that will help them navigate the risks on their investment journey. If they are able to follow due process, they will be just steps away from getting rich.

No true investor who has done thorough research about Bitcoin before investing will still see Bitcoin as a get-rich-quick scheme, except they are just being greedy and lazy. If these kinds of people lose, it is very understandable.

I still don't understand why there are still some people who thinks that investing in Bitcoin or crypto could turn their life instantly, that it could make them rich overnight.
They need to know how it works, understand it before investing or else they might just end up losing instead of gaining profit from their investment.

Bitcoin price movements in the market do not always increase so every investor must also understand this so as not to immediately have a dream of getting rich overnight when they have made their investment steps in a short time. But this only applies to small investors who do not have a large amount of capital for their own investment, while for large investors with large capital, of course they can make a lot of profit in a short period of time. Only those who have large capital are no longer poor people so their category is very different from small investors who are struggling to get rich through Bitcoin investment.

Of course they know this even before they start investing. Anyone today understands Bitcoin price is not increasing the whole time. They know bear market will come one day and they need to sell their investment. They won't just dive into buying Bitcoin without the risk.

But still in the long run if they hold their coins, they might see the light of day when they profit from their investment when the trend turns upwards again.

The most common mistake of any beginner is jumping straight into practice without first learning the theory. I believe it's important to gather information, learn the basics of trading, and understand all the potential risks. As for the pros and cons of investing in Bitcoin, briefly:

Pros:
+ Decentralization 
+ Protection against inflation 
+ High growth potential 

Cons:
- Volatility 
- Security risks 
- Lack of regulation

Educating people about bitcoin is not for the weak likewise investing, if anyone should think bitcoin investment is all perfect they’re getting it wrong. Planing must be involve and people who see investing as short term should trade rather, definitely that’s the honest truth but in terms of investing with a long term plan they’re some risk attached for newbies who are not familiar with the market fluctuation. Focusing only on the advantage when teaching about bitcoin has to be one of the mistakes triggering different thought about bitcoin investment “get rich quick” from my observation bitcoin investment can bring a good return if only the person understands investing, the lady in question her story is different because she lacks investing knowledge.

It's because they glorify those people that have shared their success stories by investing in Bitcoin.

So, what's in their minds is if these people became rich with BTC, why not it won't happen to them, right?

And that is why there are so many newbies that when told about investing in Bitcoin, they're trying themselves to be one by starting it first with their mindset which I don't know if it's right to play out on them or should be stopped all at once.

Maybe we are over exaggerating this a little as I like to believe that, those who come into this field don’t really see it for that getting super rich no more but, hope for some comfortable life, somewhere around the middle class. That’s still possible but even then, it would take a good number of years with consistent portfolio building to get there. Anyone with that ability to build a portfolio consistently ought to be someone that has been able to archive some level of stability to their living as well.

Bitcoin would make you super rich in no distant time, maybe we might be talking about a decade or two decades and you would need at least 1BTC if I may peg it there to have something truly meaningful.

Telling other people would of course not make sense, I would suggest not to do that, but you can convince yourself of this at least. Because if you could invest into bitcoin consistently all the time, then you are going to make some money with it and won't be considering this as a good or bad thing. I get that it is going to cause a ton of issues on the long run, and if we can make this work eventually, that would be lovely and that won't be an issue for anyone at all.

This is just how things are, and if we can make sure that things are going strong with our bitcoin investment and we do not sell and we keep accumulating more, eventually we will make a lot more money with it, that should be the most important part.

Don’t get blinded and get carried away by too much emotions and expectations. There is no investment that will come to guarantee success and wealth. No matter how it seems good and profitable, if you don’t take such precautions, and you don’t maximize your investing potentials, you will never guarantee richness at the end of the day.

It’s a long process actually. There are times you feel discouraged due to consistent mistakes and losses, but there are times also where you feel you have to give your best so you can reap the best outcome you are visualizing. Know your goals why you’re there, and trust yourself and its process.

Trading is risky, and taking money from others to trade for them is double risk then adding that the person who is trying to trade for the next person don’t even have idea of how trading works the risk is on the higher side, confidence can only help and work when you already know what you are doing you will have confidence on the skill you have developed and not that you can do when you have no single clue of what exactly you want to do.

I agree, and they have the right to know exactly how it works. Telling only the positive side is just like making them a fool, and guess what, they will attack us when they experience difficulties and losses. Knowing them both helps them decide whether they pursue or not. Transparency is a big factor that affects trust in both parties. As sharers, we also have to protect our reputation and be concerned about their future as well. This involves money, which means that they also deserve to know all the necessary information they need.

It's all about knowledge, lack of knowledge will cause disastrous misunderstandings and most of the people with this mindset are newbies. But I also want to say that even in the long term, there is no guarantee that investing in bitcoin will make us rich. Bitcoin is not a magic wand in the short or long term. It cannot bring and guarantee wealth to anyone, we cannot just invest a little money in it, hold it for a long time and think we will become rich. Bitcoin doesn't work like that and is not capable of doing that.
The era of getting rich quick or becoming a millionaire with a small capital is over and if we want to get rich with bitcoin today, we need not only knowledge and experience but also a significant amount of capital.

If people can not get rich with stocks market or real estate market, they won't invest money in stocks or real estates. Bitcoin had very higher ROIs than stocks and real estates since 2009 and I believe it will bring better ROI in future years.

The information just to say Bitcoin will continue helping people get richer, even with smaller ROIs in future years than in past years. It's not too accurate to say it won't be able to help people getting rich. If you say it is accurate, let's say the same about stocks market and real estate market.

It's true that smaller ROIs from Bitcoin investment in future years can make many people disappointed but you can not satisfy people who are too greedy.

Well, they can't be blamed because there are certain things in the market that make newbies think that way. Today, I checked on Bitget Wallet, and guess what I noticed? A Solana-based meme coin went up over 400,000% within a few hours after its listing. It went from $0.00000477 to $0.0249. This means that someone could buy $10 worth of that token at $0.00000477, and they would have more than $47,000 after selling them at $0.0249. Can you imagine?

Now, we know that these things are only like dreams, and only the ones who are extremely lucky manage to throw a few bucks into these tokens initially only to try their luck and then they become rich overnight, but newbies don't get it, they hear and see such things and they believe anyone can get rich very quickly in this market. :)

There is no guarantee, when we make a profit, there will be something to lose. That applies apparently to the trading system. So only foolish people dare to give a guarantee that Bitcoin will always be profitable and even rich. Perhaps those who guarantee it are scammers who want to take profits for themselves.
I don't know the success percentage of people investing in Bitcoin. But I've heard, people don't get richer when investing in trading Bitcoi. But there are also those who have become rich because of Bitcoin investments. So basically there are no guarantees, but if he wants to learn then I think he will benefit even if it doesn't make him rich.

I believe this his a typical Nigerian case and story and I wouldn’t have to blame the woman that invested the money because the money must have trusted her friend based on how the friend must have presented the story and how much assurance must have been given to investor and I think the woman who lured the woman into investing wasn’t even having the right knowledge of bitcoin and might not even be having any holdings as at the moment and was also hoping to share of the profit from her friend’s investment.
People should be knowledgeable enough before wanting to educate others to save us from stories like this.

That is not fully right mindset if she think that investing in Bitcoin will give her profit in short term. Besides, she must not in rush to start investing while she need to learn more before decide. But all things is already happened and we hope she didn't sell her Bitcoin and still hold it. It is a precious lesson for her and others to avoid the mistake.

If we want to introduce Bitcoin as an investment, we must explain all things we know, including the positive and the negative so people know for details before decide. But they must research by themselves before start so they can add more info about Bitcoin investment. He will get more knowledge what he need to prepare and avoid.

Transparency is essential when sharing information  especially when it involves in financial decisions providing only the positive  aspect can be sometimes misleading and may lead to unrealistic expectations, been transparent and providing all necessary information can lead to building trust, promotion of information decisions making and maintaining an good reputation.

You are right some investors always tell people about Bitcoin like is ponzi scheme where you can just invest today and get your benefit in just a week or two, if you are telling someone about Bitcoin tell them how Bitcoin really works don't try to make Bitcoin look so sweet in there eyes and later they regret investing in it some set of people who always sell of there Bitcoin when there's a dip in Bitcoin or people who always panic when there's a dip are people who where not given the right information about Bitcoin it will be better you tell newbies about the history of Bitcoin growth let them no that dip has been part of Bitcoin and that has not stopped Bitcoin from growing let them no how highly volatile bitcoin is in nature, just like you said we should not just tell people about the positive side of Bitcoin only I know some set of people always tell people about the positive side just to make them invest but that is not right is better you tell them about the positive and the negative side about bitcoin and then let the people make the choice of wanting to invest or not, tell people the truth about Bitcoin because it will make people invest and hold on to there investment.

i agree with you that at least if someone recommends bitcoin to others then they need to explain its volatility, don't just explain how they can get profit, it looks like MLM. they need to be explained the risks, the right investment method, and some other tips. so that when the person is interested in investing in bitcoin, they are not only fixated on the fact that they will be able to get profit quickly, but it is like a long-term process until they can get profit from their investment.

Bitcoin users should be transparent when it comes to the expectations of the person in front of them willing to make a move on bitcoin. This may not always end up in a positive note but being neutral and sharing their proper experience is how we can improve the acceptance and use of bitcoin.

People often have unrealistic claims on bitcoin much blame on that is from the speculative market of bitcoin. One needs to be explained about the unregulated market here and that USD price of bitcoin has little to do with its actual value.

Bitcoin investments don’t assure wealth. Its value is highly volatile, shaped by market trends and regulations, and comes with risks, including the chance of losing money. Wise investing requires thorough research, diversification, and using only funds you can afford to lose. Wealth-building requires thoughtful planning.

That's why it needs to be a long term investment if you are going to put your money in Bitcoin. It means not just planning, but it requires some mental toughness too in your part to buy every week at least for one whole cycle.

And not just in Bitcoin though, but in any other investment as well. We need to see the bigger picture before we can built our wealth not just for us, but for the next generation. So the question is that can you have that mentality to stay at least one full cycle here to realized that profit?

If you hodl long enough - it's almost guaranteed for you to built success.

This is the reason why many beginners choose meme coins as their first experience with crypto just because someone close to them made a lot with Trump coin or other meme coins, they leave Bitcoin and start buying every new meme coins that hit the market, I know like two people that did this and today they hardly make any good money.

Newbies need to be even more careful with the information they choose to digest and act on, it can be very misleading, they always want to get there faster and holding Bitcoin feels like a long time investment, they surely can't even wait that long.

I helped someone to buy their first Bitcoin last year, she came back and ask me how to sell, so I show her who to use Binance Exchange, my gut tells me that she is already selling the Bitcoin but it is none of my business, most newbies don't have what it takes to hold Bitcoin for long term.

it's good that you helped her to start out on her journey.

And I agree on your take - mistakes made afterward will only help a person to adapt eventually and see why to X is better than Y.

BTC should be hodled appropriately to appreciate its value.

Last year's telegram crypto hype came with some bad experiences for most people. Many of those memecoins were a total waste of time because people lost so much money. Scammers used that opportunity to scam many people. It is better to introduce newbies to only Bitcoin because it is reliable and easy to understand. Investing in altcoins is very complicated and filled with fake projects.   


Historically, it has been proven that hodling Bitcoin for four years or above guarantees profit. The problem most people have is that they are impatient because they want to invest today and get profit in a few days or months.

I think that since Bitcoin is considered an asset and has a high potential to grow in the long run, it is not a bad idea to tell someone around us about Bitcoin. Many people will know about Bitcoin and they will be interested in investing. That is why it is better to tell them in advance. There is no way to say that everyone will accept Bitcoin investment positively. There are many who will understand the opposite and will comment negatively on it. That is why if you give someone else an idea about Bitcoin, you must give a good idea of ​​its positive and negative aspects. There are many who only prioritize the positive aspects. Later, when they lose, they will blame you. Moreover, there is no guarantee that an investor will become rich by investing in Bitcoin. Those who invest only to get rich will definitely have a higher chance of losing.

It's never a bad idea to spread everyone's acquired knowledge about Bitcoin but we also need to let them know that Bitcoin will never make anyone rich very quickly. When it comes to Bitcoin, many around us will probably jump in to invest in it and become a part of its high potential. You also need to discuss the risks and potential losses with those you want to teach about Bitcoin. Moreover, we often see that if an investor can hold on to their investment for at least one cycle, there is a chance of profit. But many people cannot endure this time, which is why not everyone can reach the peak of success even if they start investing in Bitcoin. So I think Bitcoin should definitely be researched thoroughly.

Telling people about Bitcoin investment is not bad and telling them to invest when they have made up their mind is good but do not advise anyone to begin investing in Bitcoin because they want something that can give them quick returns do not advise with person to start investing in Bitcoin because they will buy at high rate and sell below the about they bought because they will be disappointed when the price is not going up. Making more profit in Bitcoin investment requires time and holding Bitcoin seems to be the best way to make profit in Bitcoin investment I don't think a newbie or someone who is used to Ponzi scheme will what to risk investing in Bitcoin when they can't double their money overnight.
For someone who is sharing the knowledge to someone else, you should be able to educate them and part of your teaching should be on having patience and investing the amount that won't stress them.

This is something that you should be telling them and its an important thing. Dont make them that too being positive about Bitcoin investment without telling them about the potential risks. We do know that on the moment that you've been explaining it to them about the risks factors on which it is really that important and this is something that ideal too because people do really love on blaming out someone whenever they do experience tough situations or conditions or simply losing up money. This is why its really that important that you do really know on how to make up some good recommendations on which both explains the cons and the pros when it comes to investment.

Bitcoin investment doesnt really guarantee richness and just like been said that it will really be depending or basing up into the amount on which are really that being used up. So it will really be basing up on the potential earning that you can get into the amount that you have invested. If you are putting up small one then expect returns arent that great and this is something you should understand and realize at least.

We should be very sensitive to investments that are going to have only the sweet sides and we are not been informed on the negative side of it, such may be to entice or lure us into investing in them, we have to be careful at such, everything in life has it own risk, we should not let them brainwash us that there is no losses, it occurs anywhere, we can only prevent such from happening if we were early informed about it, we should not also be to fast in making an investment, nor should we be found greedy in making profits about any investment we were told to do without having more understandings about it, including bitcoin.

Offering or inviting others to invest without explaining the risks that will be experienced is a mistake, plus the person does not understand anything about Bitcoin investment, only relying on trust in his friend.

Someone who has no knowledge is like a boat adrift in a vast ocean, uncertain of direction, and eventually sinks in vain. When you have the desire to invest, you should first find out more in order to understand the potential benefits and risks of loss and the possible causes, this is better than just relying on trust.

In the end, instead of gaining profits, they get losses. The expectation of gaining wealth in a short period of time is instantly destroyed and leaves only disappointment.

There is nothing wrong in this but it cannot be denied that when we do that then indirectly we must also be prepared to at least provide more understanding to those we tell because after all sometimes what is difficult to do is to provide an understanding that bitcoin is indeed risky because new people sometimes have too simple a view because they only see the benefits without considering the risks that will be faced.

So that when we will try to recommend bitcoin to others we must understand what bitcoin is and how bitcoin works so as not to end up what we do to introduce bitcoin to outsiders instead it backfires on ourselves because we don't really understand what we tell others. The focus in this case must be on ourselves first whether we already know what bitcoin is or not when we already know how bitcoin works then it doesn't matter when we try to recommend this to others.

Must people do have the wrong mindset before investing in bitcoin, they are always being misled by people that introduce them to bitcoin investment. If you are introducing anyone to any investment, you have to be open about the investment, you have to tell them everything which they are suppose to know, don’t just tell them the positive side, they should also know the negative side.

When some people are introducing people to bitcoin investment, they go to the length of tell people they can never lose money if they invest in bitcoin, or they will be able to increase their money within a short period of time, but things doesn’t work like that, they will never tell people they can lose money when they invest, they won’t tell people about the volatility.

If you tell people the risk involved in it, then it’s left for them to choose if they will be investing in bitcoin or not, you don’t have to force anyone to invest. After introducing anyone to bitcoin, tell them to go carry out more research about bitcoin before they will conclude.

If anyone believed they could get rich in a week, with ANY investment, is that really anyone's fault but hers? No matter what you told her, even if you literally told her "you will be rich in a week", then she shouldn't have believed you, it's on her. I could also tell someone "give me a million dollars and I will give you 2 million next week", is it my fault if they actually believe me?

You can be a scammer, but if it is so obvious, then it's sort of their fault. Something smaller is understandable, like if she believed in a year, that would make sense, still wouldn't be wealthy, but understandable. Bitcoin is "the best investment out there", meaning while it may not make you rich in a week, it will make you richer than any other investment.

No investment is beyond crash, ups and downs are common when it comes to financial decisions that demand investing and growing profits. Everybody wants to hear the good side of every investment, some neglect the dark side and focus on the benefits they will get, while some may step back after being confronted by how difficult it will be to grow profits due to the number of years required to gain good profits from holding.

Typically, you don't lose in Bitcoin investment only in cases where maximum security is not issued on where we store our Bitcoin or when investors are not ready to hold onto their Bitcoin when the price dips, in a system where investors are equiped with good knowledge about Bitcoin then negative side becomes less visible to the investor.

Good you know that beginners and newbies are mostly the people that sees bitcoin as a get rich quick scheme where they will invest and become millionaires over night. It will be a wrong investment mentality for any one to invest and expect their investment to yield many profits within a short period of time. This get rich quick mentality is what makes many people fall for scam ponzi schemes because when they are promised x5 and x10 of their capital, they don't even think about how those people will be able to get the money to pay them and funny enough some persons will tell you that they use the money to invest and then take profits from their investment to settle their customers.

The wrong mentality some people have now is that they think that anyone investing in bitcoin is rich due to the idea that majority of newbies thinks that they can only buy bitcoin when they have the money to buy one whole bitcoin, they don't have the knowledge that they can invest with the little they can and that is the major reason why they feel bitcoin investors are rich since they think that those already investing owns more than one bitcoin.

The impression that bitcoin is still one of the assets that will make them rich overnight is still a situation that is very difficult to reduce at this time so that in the end there are many wrong assumptions about bitcoin where most, especially fomo and beginners, will still think that bitcoin is an instant thing that in the end something like that never happens.

Many people are still trapped with wrong assumptions so that in the end they also do something wrong even though they are still in the scope of bitcoin which if we are more careful and try to be realistic then something like this will clearly never happen.

Being in bitcoin is good and bitcoin is still very promising for the future it is also still very possible to happen, it's just that we have to know that the risk remains so that we don't have higher expectations so we can't enjoy the risks we will get.

Money is a very important matter, so anything that involves money, it should be dealt with transparency and honesty of course. If it lacks transparency, that kind of information will never be useful and reliable. Most particularly for bitcoin, where one should be knowledgeable first before trying to risk their funds with bitcoin.

Bitcoin investment will never guarantee wealth, that’s because the risk to lose is even bigger than its potentials to gain, so if one decides to invest in bitcoin, he should be aware first on how to maximize the risk management, otherwise everything will definitely end up like gambling.

People only say this so others don't think investing in Bitcoin is only about making money but if you follow all the guidance of investing in Bitcoin right, there's no way you won't be making money always from Bitcoin. When you buy low, hodl and sell high, you're always guarantee of profits therefore you can also say investing in Bitcoin is a guarantee that you'll be rich in the future when you invest with an approach amount and also hodl a large amount of Bitcoin and not just small quantities. What make people disappointed in Bitcoin is when the price doesn't go as they expected in the period they had in mind but it's not like Bitcoin will never get to that price later.

Before giving advice to someone, you should definitely advise them about the potential risks of your investment and the future impact of the risk. One should not make such tempting offers that one can easily become rich through investment because many people will accept this offer without understanding it and invest everything they have saved in life. Many people have ruined their lives by making such investments and are paying a high price. Every investor should first learn about the risks of investing in detail and after knowing this, invest at their own risk.

Some people enter Bitcoin investment with the wrong mindset because they don't have the correct knowledge about how it works, they think that it is an asset that you will buy and the value will continue to increase without dropping. When they check their wallet and see that the value has dropped and they continue to see it dip, they will panic and either think that they have been scammed or that it is fast becoming worthless. If they researched or were told that Bitcoin is a volatile asset that dips and recovers, rally and dips again, they will not panic and worry unnecessarily. The most important fact that these newbies needs to understand is that Bitcoin has the potentials to always reach new ATH, that is why it is better to hold it as a long term project. No matter how long it takes your Bitcoin will be profitable for you in bull circles.

once they know the risk about the movement and follow your advise, I guess they will invest what they can afford to lose in that investment, because they know there is loss and gain in that investment that will make them to apply some potential strategy that will help them to secure profits. But going into investment is to make profits to grow financially in the environment, which is the reason some people use to embark on the investment risk to make sure they have something good to show at the end.

Any investor that is investing in BTC during the bear run, show that such investor have learned the risk of BTC investment because you will not invest on a project you don't have idea on how to make profits or money.

It takes someone who has understood the necessary information needed to succeed in Bitcoin investment to follow all the required guidelines to have a successful investment that can lead to making future profits that is the I think that is the more reason why the op things the positive side of the investment story shouldn't be preached more to newbies who wants to invest in Bitcoin. For an OG in Bitcoin investment you don't need no body to convince you again because you know that there's a guarantee of you making profit if you buy the dip and hold for a long period of time nothing will stop you from making profit because the price of Bitcoin will definitely go up for you to sell and make more profit. Newbies should be told the whole truth I believe it they are well guided they won't be in a hast to make profit in Bitcoin investment.

It's only a deceitful person that'll teach someone about Bitcoin without talking about the negative sides of investing in Bitcoin. People with very limited or no knowledge about Bitcoin most times believes that Bitcoin investment is all about profit and that's because the people around them who are Bitcoin investors seems to be financially comfortable so it's very important to also tell them that people also lose their fortunes investing in Bitcoin before assuring them that with long-term patience, they're most likely to reclaim their losses.
Bitcoin price have never been stable since the creation. Sometimes there's an uptrend while the other times, there's a downtrend. These are the things you tell them so they make up their minds on wether they'll invest or not

You can explain everything to someone but at the end you can't control the way this person manages his own emotions, that's up to him. Many people can't withstand a -10% or -20%, at that point in their head it's better to sell at loss and take some money back. Bitcoin is not for everyone, it's not easy to understand and it requires a lot of patience. Your average family member or friend probably will have troubles investing in bitcon.

Investing in Bitcoin never guarantees profit. Those who only emphasize the profit aspect of investing in Bitcoin definitely lack knowledge. There are many who have invested in Bitcoin who have increased their assets several times while many have lost their assets. When investing in Bitcoin, it is necessary to tell an investor what things to focus on. Those who want to invest must be given an idea about timing. There is no chance of being profitable from Bitcoin in the short term, but those who try to hold the coin for the long term have a greater chance of being profitable. However, no one should be given certainty. Bitcoin is volatile, it can be bullish at any time, but there is nothing wrong with being bearish for a long time. When investing in Bitcoin, the investment decision should be made by considering the risks.

Usually those who often offer big profits and the potential to get rich quickly are people who have not been in the investment world for a long time, making a little profit and then thinking they can get bigger profits with bigger capital, this is the starting point of destruction. Thinking you understand everything about the world of investment but in reality it's just nonsense, the most understandable thing is only how to calculate profits and potential profits.

On the other hand, people who are cooperated with have no understanding, do not understand the wrong investment can have the risk of losing capital. With the lure of big profits, making the view dark, unable to see the potential losses to be faced, both are a very good combination.

You have said it all, i don't know why some persons will introduce someone to an investment you know that you are not getting any rewards for introducing them but still can't tell them all the truth on what they should know, what are they even hiding. Someone can tell or teach people about bitcoin without even trying to persuade them to start investing. After telling people about bitcoin it should be their choice to invest and not to be lured to invest against their will.

Due to the volatility of bitcoin, it will be erroneous to only tell people about the good side of bitcoin and not tell them the ugly side and the need for them to hold for a longer time interval. Inasmuch as most of us are hodling with the belief that our investment will make us become rich someday, but we should not be overzealous or expect so much from our investment, things can still go the other way round.

and the wrong mindset that they don't have a reason why they want to invest in Bitcoin as a person, it is good to have a goal of why you want to invest in Bitcoin but most times people just engage in making those decisions without having the aim of investing and s lot of people just follow other peoples idea which is very bad because there is a lot of reasons why you have to learn to make your own decision when it comes to bitcoin investment there are procedures that you can follow and it will help you.

a lot of people are always guilty of selling when the price is down because they fear their money is gone they need to understand how the market is been structured and there is always enough time to make a proper investigation before investing and not just making random decisions just because you see others investing, and newbies are always excited when it comes to investing but over time most of them can no longer keep up because they do not have the idea about what the investment is all about.

information is power so when you have quite an amount of information in your hand then you should be able to do whatever you want with the information and then your progress will be determined by what you get in return, which will be used to measure your profit and other things so this is how important knowledge can be.

actually bitcoin investment is not a get rich quick scheme. those that has little knowledge about bitcoin should be told the good and the bad of bitcoin investment to avoid accusation in the future. there where many who did likewise by trying to prove how good bitcoin investment is, instead they entered problem of being accused of misleading them into investing in bitcoin especially during the ATH of bitcoin. you know how it feels like to buy bitcoin at high price and sell low that will definitely create tension in the mind of a person who is new to crypto making the have another mindset .

bitcoin is a get rich slow scheme  ;D

for real. if you cant hodl through 82K, you dont deserve the hundreds.

If you are a responsible investor, you know exactly that any form of investment won’t guarantee instant richness or success. There are times that it will give you impressive price and make you profitable that time, but nevertheless there are also times you will experience lows and discouragements because the price drops deeply lower than what you expect it to be. So hearing that this bitcoin investment will consistently make you profitable, obviously it’s a big lie. Unless you continue to hold and sell only when the price reaches another peak, that will definitely make you profitable after.

I cannot say if I'll laugh or not. But that seems to be the easiest way to understand it. A slow way of being rich but it won't also happen if you only hold a little.

This is tough, when we've been through from $3k to $10k and all of those lows. I've even saw lower than those prices, I never complained but continue to do what I've been doing with my life and HODL. People need to appreciate Bitcoin. It's a great asset that has been introduced to this generation and it's not only for the rich but also for every kind of people out there looking for some ways to get out of the rat race. Only it will happen if you've accumulated a lot but there is no end game to this because it's here to stay.

Hilarious but accurate. Bitcoin doesn’t give quick wealth at all. in fact, to be very honest, there’s still no guarantee that you’ll become rich even after holding on to Bitcoin for years, yes because there’s no guarantee of what might and might not happen tomorrow. But the point still remains that it’s a lot more safer to hodl for the long term, even if it’s all still a bit of a risk, but this risk is quite manageable and in fact the easiest way to take a risk. Long term perspective of Bitcoin gives one the advantage to utilize every single opportunity that swings by the market, gives you the ability to stay calm even in the middle of a downturn or volatility.

Well said, this is the part I like about Bitcoin, you won't get rich also if you hold too little, gone are the days where Bitcoin was $100 per BTC, now you need more money invested for you to expect a certain amount back in the future, that's where DCA comes in, you can't just buy $50 BTC and be expecting 1 million in 2030 it is never going to happen.

I guess newbies hate slow path to success, this is why many people till date don't feel the need to invest in Bitcoin, the waiting game is not something that many people can do, some are forced to because of the situation in their countries, like the way things are going for them it might be a harder future.

No one knows what will happen in the future, Bitcoin might fail but there is a higher chances that it won't, and for me it is better to bet on the latter, you don't want to miss out on future value of one BTC.

It's about mindset if you think that you can get rich from bitcoin that's a good idea but not right in my opinion because it's not as easy as imagined, but buying bitcoin to maintain the value of the money we have is the right idea because basically bitcoin has a limited supply so the value of the money we have will remain the same as before in FIAT before being hit by inflation.

The point is don't have an orientation that you can get rich from bitcoin from the current price, it will only torture your mind when the market is volatile.

If someone has a huge capital upon investing on it, there is a likelihood that they'll become successful on it. But let's just put ourselves in a safer part that we won't guarantee them that they'll become rich but profitable. Because not every investors are the same like us.

It's possible before but as the price goes high, the only little you have, the little profit you'll also get. But still, this is one of the best assets out there and are performing the traditional ones. So, it's never too late because people look at how much their capital can multiply but it's even riskier in the other cryptos that they're betting on.

That's why we are only emphasizing long-term strategy rather than short term. Because Bitcoin is highly volital and if someone didn't have the capacity to hold their emotions regarding through the market sentiment, then he/she needs to buy Bitcoin and just HODL it for 5-10 years. This will have the advantage that your loss ratio will become almost nil.

I have seen many people who do not have much knowledge and understanding of Bitcoin, but patience is more important for these people and they can trade Bitcoin. And that is why those people have not yet given up on Bitcoin. Meaning they do not get upset by small corrections because they have made their long term plan.

So grab the Bitcoin for longe term (5-10) and pi** off the concern matter...  ;)  ;)

Any investment advice must be accompanied by a disclaimer, even if it's your mother, closed Topic.  ;)

Well, It's up to each person to process the information you give them, because talking about the disadvantages doesn't change the equation at all, nor will it make you less responsible.

Honestly, bitcoin has certainly a lot of disadvantages in the eyes of those who are not actually real investors of bitcoin. Now, it’s up for us to analyze them whether we know the whole truth about bitcoin or we are just being illusional that we end up believing that those who invest in bitcoin are all end up getting rich. Because if that is the mindset you have, then you have no place in bitcoin investment.

The real challenge is actually to adopt those disadvantages of bitcoin and motivate oneself to turn it into your own advantage and opportunity. Despite how risky bitcoin is, if you know how to navigate it wisely, you will still end up being profitable if you work on your investment diligently.

Exactly, anything you are trying to explain to someone you need to tell him the positive and negative about it first. if is still interested they you proceed and explain fodder about the investment. No investment or business is easy anyone have is on risk, he just depend on which investment you will prefer and minimise your risk on it. Bitcoin is the best investment to do in crypto and can minimise your risk as my on perspective but I don't know for others because anyone have is on observation. Any investment as is on risk and you won't get guaranteed that you will get rich on it. He just 50/50 you can get profit and you can probably lose too. So he just for your good to minimise your risk don't think because some get rich in crypto fast that you will put huge amount on the investment too, thinking you will get double of your funds on it, is not always come easily and that is why Bitcoin investment is always preferable to be in a long term. And even you invest in the long time you can't get 100% that you can become rich on it but you can probably get profit.

Bitcoin will become only more scarce.

Fiat - not so much. That's all 8)

Even if you explain the positive and negative part of investment to someone you should make sure they listen very well and make them know that they are liable for which ever financial decision they make out of the information you give them that you are not go be held accountable, that might sound like a warning or red flag to some but it's the best way to stay out of trouble and warn who want to go into the investment of a thing newly to be careful and make the best decision out of the information they have knowing fully well that they are responsible for there own action..

I also often find beginners in crypto who rashly invest without thinking about the other side of crypto or especially Bitcoin, most of them think that it can make them rich quickly in a long time. Therefore, I often tell them that it is necessary to know that investing in Bitcoin requires at least basic knowledge of its fundamentals, and is accompanied by patience, because it cannot generate wealth quickly, because it takes a long process, and of course I advise them to become long-term hodlers. In addition, I also advise them to use funds that are truly safe to invest in Bitcoin, in the sense that it is not needed for personal funds or can be called unused money from their savings. So the point is, every investment that is made requires a lot of knowledge to know what might happen when you start investing, because this is something that beginners often do, and makes them eventually fall into losses and regrets, even though it is their own fault.

Some people who joined bitcoin today, they joined bitcoin because people have lamented or commented good about bitcoin, so from my own understanding of Bitcoin, I know very well that bitcoin is not something you will invest now and start making profit, people who boasts on Bitcoin investment, people who make profits on Bitcoin, invest for long durability, but thinking that bitcoin investment, immediately you invest you become rich, i think that's a fallacy.

In carrying out investment there will be advantages and also risks of loss when investing so it is very important for those who want to know about this investment to listen carefully and ask again if the explanation they get is not clear because it will be very risky when someone decides to invest without having a proper understanding of the investment and in explaining to others we must give them the freedom to make decisions based on their own wishes in carrying out investment and we should not force them to invest when they do not have the desire to invest in Bitcoin.

Becoming rich quickly is not about BTC - it is about the proper knowledge and the usage of it to hodl properly.

nothing always comes easy, anyone that study the about bitcoin very well, need to know that bitcoin investment is not a quick get rich you need to understand that you need to make a long time investment before you can Achieve your goal in crypto investment. anyone that think investing in bitcoin bring profit easily he don't really no what is crypto is just imagine it. anyone that you see have get huge profit in bitcoin, if you study them is not a short term project they did, they have invested for long term and the profit comes for them when the price increase, and some will be thinking he just a short time investment, and they get profit once, that is what some newbies like us think of. but anyone that engage on physical business will always know that nothing come in a easy way. you need to face some challenges first before you can get profit, because if investment always come easy am sure everyone should be rich currently. bitcoin can guarantee you richness when you leave it more then 10 to 20 years, because am sure the price will not be the same at this time and you need to make a better capital on it.

Yeah bitcoin isn't really something about quick rich but it can literally deliver you to a financial freedom if played well. Imagine the growth from the bottom and you believed about it, it's really a huge money right now and probably you're enjoying your life right now. The more knowledge you have in this space, the more opportunities you can have here. Bitcoin is just one of them, and by taking advantage of all the things in crypto, you can really make something about it.

Positive comments from bitcoin today have indeed become an attraction for beginners but those people do not understand how bitcoin works, they are only tempted by the benefits, one thing I want to say is before investing somewhere especially in volatile assets like bitcoin we must learn about how to make a profit and what needs to be remembered is that making a profit from bitcoin takes a long time. There is no shortcut to getting rich.

Well, that's doesn't guarantee richness either. We all need to understand that Bitcoin can make someone profit, but when it comes to richness, it can barely do that anymore, and the reason behind for its value. Like when Bitcoin had a low price, those who either bought or mined it and kept it long enough got the value of their coins multiplied by thousands of folds, but that thing can't happen anymore because Bitcoin is already worth over $80k, and it will be worth $800k for just going up 10x.

So, logically, the fact is that Bitcoin doesn't guarantee you richness is correct because it can't unless you are doing futures and using either a large amount or too high leverage and the market works in your favor but honestly that's too risky and I don't think anyone would be ready to take that much risk.

most people tend to get away from advising someone financially you are not a financial investor so you shouldn’t feel like you should be responsible for someone else’s financial decisions

even if you think you know better it will just frustrate you if they won’t listen to you and most likely they won’t
well you have laid out the risks and the fact that you should not be blamed so they should know how serious it is and if they downplay it then that’s on them

To become rich on Bitcoin depends on how you hold your Bitcoin and when you buy your bitcoin, I understand that bitcoin investment the profits depends when you buy the bitcoin and how long you hold your Bitcoin, so that's what I noticed about bitcoin investment, if you buy bitcoin and hold for long time, you will make a profit when the price increases, that's why its advisable to invest on Bitcoin when the price is low. Some certain people like to invest on bitcoin when the price is high so that is not the right time to invest on Bitcoin except that you want to invest when the price is high and the hold until the price increases like a period of 4 to 5 years

I believe people almost everyone who join the Bitcoin space do so through the declaration of someone ^{(and that's include both you and I)}. According to Satoshi communication I read years ago, we have people like Gavin Andresen, Hal Finney, Mike Hearn, Laszlo Hanec, Jon Matonis, Theymos, etc. Join and support Bitcoin at the early stage due to the declaration and explanation of Bitcoin concept, and benefit explained by Satoshi.

If people have fallacy about Bitcoin today, one of the reason is the huge misinformation that circulating today, and the newbie are also lazy to do their own research.
In the early days getting information about maybe hard but atleast people an authentic information, and I happen to know about this forum when I was search for more knowledge about Bitcoin.

There will be no benefit in keeping money in the bank because the way inflation is happening, in the distant future the value of money will decrease to a point where if you keep money in the bank, the interest rate on that money will not increase but the value of the money will continue to decrease. Investing in Bitcoin will definitely result in a profit at some point if you invest at the right time. In addition to investing in Bitcoin, if you also purchase gold or land, you are guaranteed to make a profit over time. So you need to keep some money in the bank, invest some in Bitcoin, invest in gold or real estate. You shouldn't imagine that investing all your money in one thing will make you rich overnight. It's not just that you can become rich by investing in Bitcoin, but there is a possibility of becoming rich by investing in various types of physical assets.

Truly that part need to be emphasized on, so they don't blame them for anything that happens to their investment later in the future. What should be concentrated on is the fact that every choice made is out of personal conviction not because they are advised to. They also be told how personal decisions might after their investment. Lastly no promise of profit should be made. I have heard stories of investment advisors promising people of huge profit if they start their investment asap. I find it very misleading to advise people like that. I believe the pros and cons of investing should be well explained equally not siding one part mostly. The explanation should be educative not convincing.

There is benefits in keeping money in the bank, bank are the ones taking the risk of your money in their hands in case anything happen to your money, they will be the ones to find solution to make sure you get your money back complete.  There are some interest some banks are paying to their customers monthly to encourage them, but it depends the amount of money you store in your bank.

If you are talking about future benefits, I guess storing your money in BTC have more benefits than storing your money in the bank, because the price of BTC is not control by the government and the price always pump higher during the bull run to cause investors to earn massive profits from BTC hodling.

Depends on how you do hold your Bitcoin and on how much you have invested. You cant really just that expect nor be that having those rich outcome if you have just that invested a little. There are those noobs who do really think up this way on which they do just simply put up some investment with Bitcoin and then expect that they can be able to make multiple folds of their investment on which this is really that laughable. Bitcoin doesnt really give out that guaranteed richness on which everything will really be basing up on how much you have put up and on how cheap that you have been able to bought in. On this way on which this is the most realistic way at least you wont really be finding yourself that being delusional because if you do and then the price doesnt reflect out on what you had expected then it will that disappoint you.

Whenever you do have that kind of decision about making up some investment with crypto or just simply with Bitcoin, then always invest into the amount on which you can afford to lose and never that be having those kind of hopes that you will be making guaranteed profit on such huge extent. Everything will be basing up on how this market behaves and works. If you arent that good on managing your investment then it will be leading up into that disappointment and will be leading into desperate decisions.

To become rich on Bitcoin depends on how you hold your Bitcoin and when you buy your bitcoin, I understand that bitcoin investment the profits depends when you buy the bitcoin and how long you hold your Bitcoin, so that's what I noticed about bitcoin investment, if you buy bitcoin and hold for long time, you will make a profit when the price increases, that's why its advisable to invest on Bitcoin when the price is low. Some certain people like to invest on bitcoin when the price is high so that is not the right time to invest on Bitcoin except that you want to invest when the price is high and the hold until the price increases like a period of 4 to 5 years
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Proper hodling => results in the end of the process. It's as simple as that. Hands just shouldn't shake due to any dip / correction occuring ;D

The media does as per what the governments want them. Good news in times of high prices and bad news during the stagnant times like at present.

For someone new to crypto, a bigger picture explanation is necessary. How the market has moved over the years since it was started and how new affects the market or not. No one should think that bitcoin is a cult and is being inorganically being inflated in price for suckers to buy at high.

For this reason keep the talk neutral even if it means the person in front of you might move away - they will come back sometime in future.

It's about the perception of FOMO / FUD. The person who has enough experience and knowledge won't fall off due to the news saying "it's over, the run is going to end in 3..2..1.. ;D"

It doesn't take much time to understand the advantage of BTC over other assets. It is enough to spend a few days reading articles, many of them can be found on this forum. If you open the chart of BTC for all time you can understand that a greater percentage of people who invested in BTC during its existence are in profit. BTC has long been accepted by the world and the more time passes the higher the demand for BTC becomes. If a person is willing to wait a few years, then investing in BTC is a great asset for a beginner. All assets are subject to volatility and Trump's rise to power has demonstrated this once again.

People prioritize the potential benefits they are to get from bitcoin than anything they would need to hear or know about bitcoin. And so they neglect the risk aspect which is a complimentary part of any investment assets to which bitcoin isn't different. Because there's no investment with a risk. Their ignorance from not learning about the risk aspect makes them lack the technical know-how to navigate through and what right decisions to take at bad market periods after they have invested base on the only the positive of bitcoin they're aware of.

The risk in BTC investment is the smallest one out there, though it's still appropriate to remember about it , it's also important not to fear of what is possible with BTC.

If we compare the risk of other cryptocurrencies you are very correct because unlike altcoins bitcoin is less volatile asset and has over the years proven to be trusted asset to bank on for as long as the investor can be able to hodl on to. But nevertheless, having a comprehensive knowledge on both ends about bitcoin can be much helpful for a newbie investors in knowing how to take advantage of bad markets (dips) instead of expressing fears.

Surely, here I can agree too - knowledge brings opportunities.

And it's also important to minimize the risks that are there (even if they are small).

I am not on the support of spreading false information on the benefits of investing on bitcoin but those I think it is high time people outside the world of cryptocurrencies should be questioned and be skeptic whenever they are being recommended to invest their money online and will be expected to double their capital in a short time as that weekly rewards.
Ponzi does not seem new again which everyone who is told about investing on bitcoin with the Ops story should not be convinceable.
If you can't make your own research about it, then just take it to be scam even when it is true in reality because that is absolutely a form of the Ponzi schemes.
I also think people literally fall into scam because they are looking for a quick rich source.
The truth is usually bitter which if the woman's friend has told her that the time to make profit in the bitcoin investment is indefinite because profits only comes when the price increase in a high margin from the bought entry.
Then I think the woman would not have invested due to impatient. I more concerned about this thread with the insight that people just fall victim to scam due to greeds.

The right mindset to investing in Bitcoin is important, you'ren't gonna be rich in Bitcoin the way the people who bought many of it at a price lower than $100 would, the opportunity is gone, people can only try to buy at a cheap rate when it is just beginning another bullish season, not that they will enrich themselves easily with it.

You can imagine how some people are still lousy about investing in Bitcoin when it was $100,000. Assuming a newbie bought it then with $1,000 at that level, even if Bitcoin gets to $200,000 (a level it will not get to earlier than 2028 (2x)). Is that riches? No. That's why we should stop being bigots, especially when advising people to invest in it.

Some are trying to go in and make a profit in the short term, whereas others, more knowledgeable, just buy, hodl, and forget about the rest.

And that is completely okay, because everything invested in BTC, in the long term, is going to get profit. Not a life change, but still.

Depending on some altcoins, Bitcoin can be highly volatile to some, on the same note, Bitcoin has not sunk helplessly in volatility, refusing to recover after some short or long period. Bitcoin does not need much compilation, if anyone takes the opportunity to hodl Bitcoin at whatever instance, neglecting price fluctuations then unfailingly nothing to be scared about, Bitcoin will ascertain a new price better than when the assets were acquired.

Bitcoin can make you rich depending on your records, for those who had earlier bought Bitcoin when the price was $10K, will be making more profits than those who bought at $80K, depending on your definition of rich requires a larger amount of funds invested and how long Bitcoin is held.

Risk will always exist in every moment of life, not only investment but business risks in real life may be greater than the risk of BTC investment, what needs to be understood is how to minimize the risk as little as possible and how to get the maximum profit in investment. the main key is knowledge, because with knowledge we can create profit and loss scenarios, strategies in investment, understanding of the potential of the assets we buy so as to foster confidence in their potential and benefits in the future, this can open up opportunities for maximum profit.

You've to slow down on the green bottles until mass adoption is achieved 🙈

The advice should cut across, it shouldn't be on Bitcoin alone. Everything investment should come with that caveat and I want to believe members here should be the wiser for it to not persuade others to invest without letting them know that, "it's not a financial advice" after suggesting any investment to them. People like to blame others when things go wrong. When things turn well, most of them hardly show gratitude.

When it comes to investment, it is being said when giving investment ideas, at the end, they should know that any decision they take during or after the discussion period is at their own risk, and that it is not financially advisable, cause when situations like this comes up at the end of the day, the adviser goes with a negative tag as the woman in this situation has said she has been brainwashed.

IMO, people like this woman who invested into Bitcoin at the peak price and the market faced the opposite direction are people who are likely to fall into scam and jump into ponzi scheme, and end up losing money of value. It is good for anyone who has the mind of venturing into any form of investment to take time and make personal research, and this research should be on more search of the downsides, if he/she can manage it when it comes, cause every business has good side (profits) so as the bad side (loses). When these two sides are balanced, then he/she is ready to go in with any amount desired.

I will blame the woman who introduced her to Bitcoin a little, because she only gave the positive and good sides that follows Bitcoin, and not showing a little of the bad side.

Many people think they will get rich quickly by investing in Bitcoin, but the reality is quite different. It goes up and down all the time, and if you enter expecting a quick profit, you may end up disappointed. The best thing to do is to study, understand the risks and invest calmly, because easy comes, easy goes... unfortunately.  :'(

People are more interested in the benefits because they want money, and another thing is that when you look at it, bitcoin is meant to give profit. Still, the issue now is that people dont want to even learn all they care about at that moment is how they will jump on the investment. The next thing will be that you learn about the project before any other thing because without having the right knowledge, nothing works well more, and the fact that that they are neglecting the risk just makes everything very hard at the end of the day for them because they dont even know how to keep track of things, the moment you are involved makes you more to want to learn more because if you dont then you not ready to grow because people that have taking that part have already taking thing more serious that is why they are getting the figues they are getting.

It seems to me that the surest way to quarrel with friends or relatives or colleagues is to start telling them about cryptocurrencies only in a positive way. And if you are a person who enjoys authority among them, then, of course, they will try to invest, perhaps someone will take the money that he needs for life instead of taking extra.
And when these people first learn what a loss or drawdown is due to a price drop that they cannot foresee, then these people will definitely go to the one who invited them to cryptocurrencies, so I completely agree that we need to talk about the negative sides of Bitcoin.

Well of course they will report on what’s happening currently but sometimes media is biased than even during high prices, they will rarely report on it but during bad times that’s when they will keep milking the story.
Who would even be controlling us if we were a cult? We are a community yes but I doubt we have things that make up what a cult is.

Bitcoin is not a get rich quick scheme, so everyone needs to be educated about how Bitcoin works before onboarding.

The mind set of people who doesn't understand what bitcoin investment is all about has always been to make quick profit from bitcoin investment, people are not ready to understand what they what to invest in they just want to make profit because some of them still see bitcoin investment like a ponzi scheme kind of investment, apart from studying various good bitcoin investment strategies, it is important investors make personal research before going into bitcoin investment it will help them to be more prepared and knowledgeable on how they should go about their investment it will also make them to invest without expecting a quick profit even as they will be investing with the amount they can afford.

It's true and no one can practically question why the systems operates that way.Firstly, Bitcoin is not a get rich quick scheme,it later falls in the category of been an investment whereby investment
are largely risked engagements.The impact of volatility effects in Bitcoin makes it difficult to guarantee extreme wealth for investors.

The misconception of Bitcoin making people rich has been on for long, it can only be minimize but can't be let go of peoples mouth that misunderstood Bitcoin to be a get rich scheme that they should invest and expect a return of investment within a short range.

However, this narrative has to stop by the action you and I take, by letting people know that Bitcoin doesn't give riches within a short range just as the lady mentioned of in your post thought Bitcoin would be as she has invested.

While Bitcoin is valuable in the long term, Bitcoin is extremely volatile in the short term, and most new investors cannot sustain their investments during this volatility. This volatility basically does two things for two types of investors. First, it is an opportunity and possibility to buy more for real investors, and it is the biggest risk for some investors, who are mainly short-term traders.
In the case of Bitcoin investment, a long-term perspective, patience and discipline are very important. Those who come to Bitcoin investment with only a short-term perspective will find it very difficult to profit from this type of investment.

Whatever that has to do with value most people are so eager to go into it so far as they can afford it at the beginning without even understanding it, this the mindset of every average beginner. Some beginners after making a mistake like this, it gives the awareness of the importance of having understanding.

It only few beginners who have the understanding of going into what they have no knowledge about to take a proper research as the first step to get things done the right way. Investing in bitcoin needs good understanding and it is the knowledge you have in bitcoin that can determine if one can be able to invest in bitcoin successfully.

You're on point, bitcoin has been known for its volatility when viewed from a short term perspective which is like to render short term investors a profitless trade. Trading within this short term volatility is kind of tricky because,  you'll never know the market is headed due to the noisy moves of the market which is caused by the battle between buyers and sellers.  But if you view the price movement of bitcoin on a long term perspective it's easier to see where the market is headed, and that is a bullish movement, that's why it's advised to make long term investment decisions so you don't get to gamble with your coin on small market manipulation.

On it, OP. :D Thanks for the reminder.

But TBH, those people that are only telling the positive side of it are either:
1. They're selling something, and they don't want to tell something negative because that could've affected the trust of those newbies out there to them.
2. They aren't that knowledgeable about Bitcoin and investing in general that they haven't experience it themselves.

As for me, if there's somebody that is asking me about Bitcoin, I always tell the positive side of it first, but I immediately tells the negative side of it like "Bitcoin is volatile, so you can lose your money in a short amount of time if you don't know what you're doing." I always say that any investment is volatile and there's no such thing as stable. I always tell them that if you want to make money, volatility will be the one that will help you make money, but it can make you lose money as well.

In crypto space, there's no such thing as guaranteed (aside from losing if you don't know what you're doing :D). I always say that, and it's good that until now, those who're asking me something about Bitcoin isn't coming back to me and blaming me for losing their money. :D Maybe they're making money already.

But one thing to keep in mind is that even if we invest in bitcoin for the long term,  there is no guarantee that we can become rich . We will not become rich by investing $1k or $10k, even if we hold it for 10 years or  20 years . Bitcoin can't increase by millions, thousands of percent and make us millions of dollars with just a few hundred or a few thousand dollars, those golden days are  gone .
What we can expect when investing in bitcoin these days is that it can bring significant returns on our initial capital. We cannot be rich without significant capital and smart  strategies .

In reality, no one really knows if the golden days are over or not. Bitcoin, unlike stocks, has no limit to its growth. In the past, people could not imagine that the price of Bitcoin would cross the $100K mark, and this happened only 16 years after Bitcoin was created. Some successful people are saying that the price of Bitcoin will cross the $1M mark. It's up to everyone to believe it or not, but it's important to realize that there are risks independent of us that can have a negative impact on the price of Bitcoin. Therefore, invest only money that you will not regret losing.

If an investor only considers the positive aspects of Bitcoin investment, then he may end up getting frustrated with the investment. It is not that the investor can profit immediately by investing, but when someone is eager to profit based on their wrong ideas, he may lose. At that moment it will definitely be difficult for him to bear that pressure.

If the investor is given a good idea about the negative aspects rather than sharing the positivity from the beginning, then he will get a good idea about the risks and at the same time he will gain long-term retention power. Bitcoin never guarantees profit, but those who invest patiently will definitely benefit from their investment.

And people that have already invested already know this and new investors are always trying all they can just to see that eventually they might make more money and it depends on the kind of orientation they are getting because when you know how bitcoin works you will not have to place your hopes to high because people are always with the intention of wanting to come and make money fast but they are forgetting that it does not work that way.

But when they start trading themselves, they will know exactly how it is, and even when they hear something, they will know that this information is not certain, and everything depends on how consistent you are, because a lot of people lack consistency. They only want to get involved when they hear there is somewhere you can make money, so there is a lot of difference to make, but we just have to have our own knowledge, and everything becomes easy.

Yeah you are right when it comes to bitcoin investment going for long term Bitcoin investment is less risky than short term investment which is also known as trading, just like you said Bitcoin is volatile and this volatility is it's nature that is how it has been since creation however it's volatility those not stop it from growing but in other to be in a more save side accumulating and holding it for a long term will be more better than trading it.
Bitcoin takes time to grow that is why you need to be patient if you are not patient you can't become an investor you can only become a trader and trading is very risky.
Some people who are into Long term Bitcoin investment are always scared when there's a dip and that's because they don't understand that dip is part of Bitcoin growth and during that dip investors should accumulate more, dip is the best time to Accumulate aggressively because you are buying it cheaper surely Bitcoin will grow after a dip so there's nothing to panic for.

Actually, there is no such thing as a risk-free investment in the world. If you want to do any business, then of course there is risk in it because you yourself do not know whether your business will work or not. Investing in crypto currency is a more risky investment. Here you have to do your market research and then invest. Of course, here you have to invest for the long term, especially in the case of Bitcoin. From your story, it was understood that both are equally guilty. Because it is not right to invest anywhere by listening to someone. We have to check and choose and then invest.

Actually, those who say that Bitcoin will cross 1 million price are actually right in one way because even if Bitcoin comes, one day it will cross 1 million because the maximum supply of Bitcoin is limited. And currently, the world's population is about 8 billion and twenty-one million Bitcoins have been supplied for these 8 billion people. So it can be said that in the future, we now call Bitcoin as digital gold, I think in the future bitcoin will surpasss the real godl also.
Now let's come to the main point what I want to say, we the people always took the positive site of Bitcoin and we always don't even intend to look or seeking to the negative side of bitcoin. Bitcoin has the volatility market and that is why we don't always see the Bitcoin goes up and up, with has the both down and up market. And we, who are new investors, most of the time invest thinking that the price of Bitcoin may increase in the future, but we do not have any specific strategy, so when the price of Bitcoin drops, we panic and sell our Bitcoin at a loss. So we must  should keep in mind that Bitcoin is not a quick scheme so that you can only invest here without any knowledge and you will be profitable it's not guaranteed.

Everything in the world is uncertain. If no one can say that I did this, it will be successful. Although there is no guarantee, the possibilities are very high. We can know from the past how the price of Bitcoin was in the past and how it is now and we can also imagine how it will be in the future. From these we can also understand whether Bitcoin can make a person rich or not.

volatility is the nature of bitcoin and people who want to invest in it must understand that bitcoin has risks and they must be able to manage the risks wisely. they need to understand that long-term investment can give them better results compared to short-term where bitcoin price movements tend to be more difficult for investors to predict. dollar-cost averaging or accumulation approaches in the long term can also be used to minimize this risk.. and it also helps investors to reduce psychological stress due to market noise.

In theory, I think you are right, but I believe many people would have a hard time surviving the wild price volatility. If all investors were truly successful with their investments, then we would probably have all of them rich in this world and some of them also failed for various reasons. Having the right approach to investing is certainly advisable, but I don't think it's as easy as it sound.

I have learned a lot about this investment and really got returns from it so far. One of the most important things in investing is, stay calm and ignore short term price volatility and stay focused on the purpose of why we invest. Regardless of what returns we will get in a certain period of time, it is a satisfactory result in my opinion.

Those who are new to crypto may think that it is possible to get rich very quickly from Bitcoin. But those who know about Bitcoin and have researched the history of Bitcoin never think this. Actually, no one can guarantee when the price of Bitcoin will increase and when it will decrease, but it can be predicted through various analyses. Today, suddenly the price of Bitcoin has started increasing again and hit $91k and looking at its movement, it seems that it will increase further. This is my prediction but I can never guarantee it. So no one can ever say that Bitcoin investment can make someone rich quickly. But it is possible if someone makes long-term investment

It's really simple once you know BTC will bounce off eventually, you just don't need to use leverage and wait it out, whatever it may be.

Then - your patience will be appreciated. If you won't be cautious - yeah, then it's the end of the process for you, that's why investors are cautious and love to see the market doing pumps and dumps on any big coin - to get better entries and better profits with their big sums.

The words are true and I agree with you. Bitcoin is basically an asset that can be a big financial support for someone's future. One should not easily sell Bitcoin if he has other means to meet his daily expenses. Because as time goes by, Bitcoin will become more and more expensive and then it will become very difficult for a person to buy and save Bitcoin. So there is still time to save Bitcoin. Those who will invest in Bitcoin only for a short time will not get the real benefits of Bitcoin investment. The only ones who get the real benefits of Bitcoin are those who hold it until met their target

Depends on the target and the budget, too.

Those who are resilient enough will surely see their investment prosper - BTC is no pump coin; It's a coin with the strongest and sincerest goals and values out there, so it is wise to play it safe and keep investing patiently before the targets are reached.

Absolutely agree. Too many people dive into Bitcoin thinking it’s a quick way to get rich, especially when they’ve only heard the hype without understanding the risks. I’ve seen similar cases — friends who thought they’d double their money in days, only to panic when the price dropped

It’s important to give a balanced view. Platforms like FortuixAgent (https://fortuixagent.com/) actually do a decent job providing info and tools for beginners — not just the flashy "get rich" stuff, but also the risks, trends, and long-term perspective. Before jumping in, people need to educate themselves and not rely solely on hype or random advice at a bar.

Does bitcoin have a specific target to be reached? in my opinion I haven't seen or heard this anywhere however, investing as much as you can when you're able to do so is the most important thing one can since bitcoin moves can't be predicted it's best to buy at any given moment, with a long term vision.

I also agree with leonair to a great extent, those who holds their bitcoin or stash for a long time stands a better chance to benefit from the market than those who are selling now however, some of those who are selling at this point might have been in so much profit, especially those who but at 1000$ to 10000$ price range it's normal to sell because they already have a good profit which we may not be able to reach now especially those if us who bought at a relative high price.

At least he already knows that in the long run investors can be rich but it will take a long time, maybe the next 10 years, because there is no short investment directly rich.
All investments have risks, especially bitcoin has high volatility, so don't panic if the market is crashing if you survive with BTC coins then he will be the winner in the future.

You don't need to blame those guys though because that's what you too may think the first time you heard about crypto investment and how it made investors some high profits, you know, on social media, or any other outlets, no body talks about how much they loss off Bitcoin investments but only the sweet profits they talk about even if it's be lies.

I only believe those that wants to learn more will certainly enroll herself into the crypto classes to know what it takes to attain greater height in the crypto investment game, these are the patiency behavior, consistency, consecutive accumulation on the quantity of Bitcoin and more to be lectured.

Bitcoin investment must be always made with long term goals in mind. It's a big mistake to buy Bitcoin expecting it will be possible to sell everything in the following few months. Sometimes it takes years until an investors sees progress being made through his BTC investments, depending the moment he entered the market.

The best moment to start an investment is during the bearish season, and the worst moment is during the peak of bullish season. However, if the investor doesn't know how to notice these moments in crypto market, what he can do is to start investing through a DCA strategy.

Despite the risks faced when investing in Bitcoin, it has totally worth if we take history into consideration. Of course we can't predict the future, but there are good chances Bitcoin is still going to do pretty well compared to other investments and fiat currencies which melt each new year due to inflation.

Even if bitcoin reaches $1 million, it will only give a 10x return from its current price, and if we invest $10k, the return will only be $100k. This is also a huge profit, but years ago, it took bitcoin only 1 cycle to bring that profit. But as things stand, I don't think bitcoin will hit $1 million in the next 4 years.

Any asset as it grows big and matures, volatility and returns will gradually decrease, Bitcoin is no exception and it is experiencing that. We cannot expect bitcoin to increase 2000% or 3000% in this cycle like what it did in previous cycles. Volatility is getting smaller but in return it is getting safer.

I agree with you, we can never expect huge returns from Bitcoin investment like in the past, Bitcoin has been the most successful investment in the last 15-16 years, and Bitcoin is already very valuable, although Bitcoin will be more valuable in the future, we will not get as much return as before. The future of Bitcoin is bright but it is no longer a magical way to get rich quick, although nothing is certain, but we should not expect anything too extraordinary.
However, the price of Bitcoin will always be volatile, and Bitcoin will continue to be valuable with this volatility, and $10M in the future is also not impossible, so it is the right decision to continue investing in Bitcoin consistently with a long-term view.

A longer timeframe than 1 week is certainly necessary.  Anyone saying you could "double your money in one week" is not reasonable.  Likewise, anyone who believes that is not being prudent.   Buy (or mine) and hold for a few years and if the past is any indication you will do well over time.  Short term trading riches are possible if you are very lucky, but long term holding is the key.

There is a reasonable chance of seeing another order of magnitude or two fiat price appreciation in the future which is certainly nothing to sneeze at.  Everyone should own some bitcoin (I used to say own 10 or 20 or more but that ship has sailed) in order to protect oneself.  Even now, owning some bitcoin as a diversification measure is prudent.

Of course, Bitcoin is a strong coin compared to any other coin. Getting rich is actually a matter of luck. If you hurry to sell after buying, then it will not happen. You can never think of selling at a loss. The target should be to buy for 1 thousand dollars and sell for 5 thousand dollars. Those who bought for 25k and sold for more than 100k are successful. You have to wait for the right time, if you work with understanding the time, then success will come.

Nothing guarantees anybody richness, everything depends on your hard work, inputs and the ability for you to accept losses, a lot of people should come to terms with the disadvantages of Bitcoin just like every other businesses out there.

It can't be all rosy but with proper learning, perseverance, consistent and patience you will by a large margin get to the top

I agree with you right there, a lot of people want it fast thereby leading to loss, Bitcoin has come to stay i implore us to be patient and consistent.

Getting rich in speculative trading needs luck, not in jobs or business.

There are people who made money from bitcoin and some from altcoins. Then there are people who lost in bitcoin and altcoin. But what I have seen is that altcoins have performed poorly over bitcoin in their inception.

There will be altcoins which exist, but bitcoin will always be there and be the first choice for the majority.

A lot of people still think Bitcoin is some type of get rich quick gimmick. They see the success stories online or hear about people making enormous money and just rush in without comprehending how volatile the market truly is

I’ve seen friends lose money because they bought at the high expecting it would keep growing. We absolutely need to teach our loved ones both the good and bad sides of crypto.  It’s not magic it’s investing and just like any other market, it comes with risk. Better to go in with full understanding than blind hope.

From a mechanical-design standpoint, Bitcoin is almost objectively the most superior store of value asset that has ever existed, and for the majority of people, that is the best use of it.

Unless you actually know what you're doing with trading and all of that, I think the best advice to give a newbie is to treat BTC like an on-the-side "savings account" of sorts... If you can ignore the short term volatility and just DCA (stack those sats), over the long term, basic economics is in your favour, a fundamentally deflationary asset will always beat inflationary currencies. Unless there is a devastating collective loss of trust in bitcoin (watch out for those patoshi coins moving when quantum is a problem), demand will likely continue to grow and this idea will hold.

As many have said, patience is key. It's hard to be patient... but large scale global Bitcoin adoption is an incredibly long term process. Even starting now, if you consistently save and accumulate over the next 10-20 years, I think the prospects are very strong (other SoV capital flows into BTC). Generally speaking as well, stacking sats can make huge price dips a lot easier to ride out, rather than trying to time the market and "double your money"  ::)

It is very certain to make a good amount of money from Bitcoin, but depending on Bitcoin to become rich is not that easy. One must be ready to HODL for the long term and be prepared to accumulate Bitcoin aggressively. Bitcoin has the potential for a good return as long as one is ready to HODL Bitcoin. The challenge some people always have with Bitcoin is that they are not ready to HODL for long or accumulate Bitcoin, yet they want to make a reasonable amount of profit from it.

If one is willing to invest, it is very likely to make a profit from Bitcoin, but in most altcoins, getting profit is not guaranteed because altcoins are unpredictable for profit.

The thought of Bitcoin investment as a get-rich scheme is where the majority of investors who come into the crypto space newly are getting it wrong on Bitcoin investment.  People are not being told the truth that Bitcoin investment is a long-term investment that needs patience to see profits from the investment made. Because no such instructions are passed to them, instead, the positive side of Bitcoin is lectured to them. Seeing the opposite, in the long run, gets them heartbroken because they think of such scenarios of losing their investment.

To achieve success from Bitcoin investment, a investor must do it hold for the long term, and if an investor ignores this fact in the first place, and buys Bitcoin to achieve short-term profits, then it will definitely cause huge losses for him. Bitcoin is the most profitable investment, but it will only be effective for you if you hold it in the long term. Nothing good can ever be expected by holding it in the short term, because Bitcoin is very volatile in the short term. So, a investor have to consider everything carefully first, real success will come in the long term, and if investor do not have the ability to hold it in the long term, then he should ignore it, because in the short term, Bitcoin is more volatile and risky than expected.

That's deep.  It never crossed my mind.