Bitcoin Forum

If someone wish to become rich and get into financial freedom by investing in bitcoin!

They are often looked down cheaply like

"lazy ones trying to get rich by doing nothing"

"bitcoin is to spend and it is not an investment to get rich or a get rich quick  scheme"

People often hate those who want to become rich and are labelled greedy!

Why is this so?

It seems as if those who do not have the brains or skills to be innovative with bitcoin should not dream of becoming rich!

why so?

Greedy is being considered a bad attitude and the sole aim of getting rich is a pretty basic desire. While other people work pretty hard for their money, they don't want to see other people become rich by doing nothing, they feel this is unfair - which it is. When it comes to investments, people who don't dare to put money into an investment (Bitcoin) don't want it to succeed so they can rejoice not having lost an opportunity while staying safe.

well said! they dont want to take risk and speak of those who dare take risk to succeed in life

I can agree with this thinking.
It seems sometimes that most people only know how to complain because of their miserable lives, low paying jobs, family and social issues etc.
Complains will not bring you anywhere.
Instead of being negative take action, do something positive and you will see positive changes in your life.
For the most people is more easy (and more comfortable) to speak of those who dare take risk to succeed in life.
I feel sorry for them but choose not to feel any pressure because of this negativity.
I believe in the vision behind bitcoin and I'm ready to take action needed to succeed (and can wait how long is necessary).

I think Harmonli sums it all up pretty well. its probably because people don't tend to like greedy attitude.

When people don't like something they say you are "hoarding" or "being greedy".  When they do like it, they say you are "saving for the future" or "investing in the future of <country>". 

They tip their biases by the language they use to be negative about something.  Usually it is those who are envious who are using the "greedy" label.

I don't have a moral objection to people "investing" in bitcoins, but it is not beneficial to Bitcoin. Ultimately, using (or destroying) bitcoins is the only action that increases their value.

Bitcoins only have measurable value when they are used. Bitcoins that are held have potential value, but no actual value. People that hold bitcoins rely on the people that use bitcoins to give their bitcoins value. If everyone held their bitcoins and never used them, then bitcoins would be worthless because they have no use.

People that say "I will never spend my bitcoins!" are lying. If they really intended to never spend their bitcoins, they would destroy them. People "investing" in bitcoins cause the price to rise only temporarily. The fall in the price of bitcoin has been a result of people that bought bitcoins as an investment now cashing in their investment. The price of bitcoin will continue to fall until the level of usage rises to support it, or until another bubble forms.

If you want to invest in bitcoins and also contribute to the increase in their value, then I suggest you do the following:

No one works hard to get rich. Its a combination of risk + luck. To get rich you need to beat time. To beat time you need big quick gains. To beat big quick gains you need to risk. To win will risking means having luck.

So buy Bitcoin and good look you'all.

Personally to me it sounds like BS that btc only have value if spent. Btc is at the very least a volatile store of value which tends to rise in the long run. Specially when the btc inflation decreases, it will certainly rise at a faster rate. Considering that you need to spend to give it value sounds stupid to me.

There is nothing wrong with investing in something you believe in in the hope of profiting, but expecting to get rich is unrealistic and, yes, usually driven by greed. You might make some good money, many people have, but there are people taking out loans and abusing public benefits to buy Bitcoin. That's irresponsible and unwise.

If you really believe in Bitcoin, there is nothing wrong with putting some of your wages into it, as I do. But, it is very risky, so be careful and don't invest more than you are willing to lose.

People who are always trying to get rich without actually working will usually fail. I really feel that working and investing for the long term with an appropriate risk profile is a much better way of doing things than going "all in" as some in this forum have done.

To a certain extent you are right, but well though out investments should be, and are rewarded. The early Bitcoin adopters took a huge risk and deserve at least some of what they got. Just as investors in the stock market, who provide capital for innovation and investment, deserve to be rewarded for the risk they take and for allocating their capital to profitable endeavors.

No one works hard to get rich.
I know someone who did work hard and got rich, actually more than one...

This is a perfect sugestion. Instead of worrying about spending your bitcoins, you just should spend how much you can, and after spending, just go to an exchange and re-buy the bitcoins that you spent. In this way, you are helping to avoid the price goes down, because you are hodling and neutralizing the movement of merchants exchanging the bitcoins for fiat immediately.

People won't gain money with Bitcoin if they don't use bitcoins as money. Those 10000 bitcoins used to buy two pizzas in 2010 wouldn't be the equivalent of 1770 oz of gold today without using bitcoins as money.

Don't pay attention to those people OP. You'll hear those words from people who don't have any bitcoin and they're butt-hurt because they didn't got in like early adopters did. Haters gonna hate.

Some people care more about the technology than the price.

Investing in bitcoin is VERY high risk investment, usually investements like that yelds huge returns and even bigger losses ;)
How it will turn out?? Time will tell

Do you stop working if folks around you view your work as CHEAP?

Never try to get what you can't get in real world in Bitcoin, likes money.

because they're scum with no contribution. Its the same reason i look down on Indian fucks with no manners in public (also smells like shit most of the time)

Enough for you Appu?
 

I think some of those people say it more to warn people, than to to talk down to them.

There are people, who have seen some mostly early adopters of BTC become rich and they think, if they do the same, they would become filthy rich too.

Those people will then be discouraged, if it does not happen.

The early adopters either got lucky, or they where at the correct place at the right time... some of them, used their common sense and a keen eye for a potential great invention and made the correct decision to invest or buy BTC

We do not know, if we might be one of those or not... so it's better to be cautious and to warn others.

Investments can be considered gambling in some countries.

It is very simple. Bitcoins are just a bunch of numbers, and as numbers they would be inherently worthless, but the ability to use bitcoins gives them value. If you were not able to use bitcoins, then they would be worthless.

The key is that when people use bitcoins, they become more usable for more people. The more usable bitcoins are, the more valuable they become. If you hold bitcoins, the best thing you can do is to use them and buy more. If you are going to pay for something, don't use cash and don't use a credit card. Use bitcoins. There is no reason why people can't hold bitcoins and use them at the same time.

Most of them don't understand bitcoin and they would naturally think that it is a ponzi scheme which will cause people to lose money or some operation to harass processing power. This isn't the case however, since the source code is open for everyone to review.

Whilst you can wish or desire to profit from bitcoin if it is your sole desire to get rich quick then people tend to think you're just materialistic and don't care about bitcoin at all as long as you can line your pockets from it. Each to their own I say.

the current whales will not make money on their mega wallets ??
i find that hard to believe as people like tim draper  or winklevoss and many others can afford to sit and wait years if nescessary

they will not be pressured to dump at  sub $200 etc as they have tonnes more money or assets

the people who are bitching the loudest are ,quite ironically probably the ones with the least coins who are "fighting over the crumbs" and trying to FUD the price down a bit lower so they can short their 0.4btc :D

The richest people in life did not become rich by working, they became and stayed rich by letting money and people work for them.

It's a myth designed to keep people obeying and working for them, and keep the system alive, but the system is designed to suit the needs of the very rich. And everyone else suffers.

Yeah, go on, work your ass off, earn a few pennies, maybe you can one day get "rich". Maybe you will get promoted some day so you can drive a slightly better car, life in a slightly bigger house. But you still get to waste most of your waking hours at a job you don't like and you will barely see your family and friends. And you will still be far poorer than the guy you call your boss.

Investing is one of the best ways to get rich, yes it may ruin you it you bet wrong, but you can't get rich without taking a risk. Starting up a company, investing in a company or an idea both are risky, but if you just keep trying and keep looking for the right opurtinty you can get out of the rat race, and life a live free of the financial slavery and spend time doing what you actually like to do.

Personally I think people can use bitcoin in whatever way they wish. Isn't that the great thing about it? Want to speculate on it as an investment? Go ahead. Want to use it because you believe in it politically. Great. Want to do both? Even better. Let people be free to interact with their coins and don;t judge them for it.

Who say those who took on a risk did not work at all? I have a day job and basically part of the earnings I get were put into bitcoin. Just a small portion currently. I would say the other group was envy if this ever becomes a success. And they would criticize just because they don't believe what others think. To sums up everything, I still work for my share of coins.

i think it is because most of them are in it blindly. they have heard something, somewhere, or saw a price surge to 1000$ and thought "if i buy now i will be rich" so they entered.
almost all of them lose money and after the first drop in price curse everyone and run away

It does seem a bit tacky when people only get involved with bitcoin to strike it rich, though many of us can see the potential for that to happen so I'd be lying if I said it wasn't a factor, but I'd rather bitcoin be accepted as a valid currency that I can use worldwide rather than just get rich from it and it dissapears.

yeah because good technology, will lead a high price also

There's no "Bitcoin 2.0" without Bitcoin. The blockchain wil be here in 80 years and 90% chances are the coin that survived as the main one was Bitcoin.

Imagine if, when the Internet came out, people just bought all of the domain names and held them without doing anything with them*. They knew the Internet would be successful so they figured they'd just buy domains and wait.
Imagine if everyone did that.

All waiting for someone else to make the Internet useful.


*(I know there are domain squatters)

You're not cheap...just useless.

Well capitalists will always capitalize on what they can. Sometimes people can see the potential in a good idea or thing and attempt to hoard it for the future to make gains. I can't blame them to be honest.

The thing is everyone would not be just squatting domain! because some people are instinctly innovative and adventurious that they will figure out how to do things with the internet and become rich!

So there we can see value being created!

but those who dont have those skills could and should hold on to those domains to become rich

problem is when people start complaining

Thats why the bubble bursted and coins got redistributed then actual development started, just like whats going on with BTC.

you WILL NOT become rich from bitcoin.  sorry to say.  because you wont invest enough.

no ne likes greedy people and day dreamers there are no shortcut of getting rich atlest i dont know any , if you really wanna rich then do somthing big open a bitcoin related business

people need to transact with btc ,its that simple
buy them ,use them ,buy more ,spend them as fast as you would spend cash anywhere you can
thats the only way to kick it into mainstream

everyone cannot hodl a few coins and hope to be millionaires or it will never happen
economy doesnt work that way

This pretty much sums it up. however there isn'tanything really bad with that kind of mindset.

What does this have to do with the thread. Did you read the op? This isn't him asking if he'll become rich but why others look down on those who are only in it for the money.

And yes, we just have to play our role. If bitcoin is successful one day those who think cheap and look down on bitcoiners and bitcoin as a whole will all be wrong. I hope they will realize that some day.

im probably in the minority but i spend bitcoins on beer and whatever else i can every day
but i replace $200 btc with $200 btc IMMEDIATELY

probably 90% of people here wont spend a $200 btc because they probably bought it for 300-400-500-600-700+ etc

but the best thing is to spend it and buy another one for $200 -if it goes back up you still win
if nobody helps stimulate the economy ,it might not go back up .........

We need the numbers. It doesn't matter if others look down upon those who are in it for the money.

Indeed mate.. We need numbers.. But it will be better if we have ppl in it for the long haul.. Rather than just get rich quick guys who end up dumping the coins.

Obtaining Bitcoins *is* work.

More often than not they became rich by not spending and living well below their means. This provides them with the capital to take measured risk. They are also rebels that do not accept the system. In particular when it comes to themselves they say NO to everything the system tells consumers to do and do the exact opposite.  

My plan is to accumulate a good number of BitCoin, because in the foreseeable future, we won't need Fiat because we can use BitCoin. And I'll have a lot already, and I'll never have to touch money again.

if you want to get rich from bitcoin then you must take very large calculated risks at this point.   

as per OP they look down on them because no one will listen when you tell them to invest $1000 and you will be rich, as they should not.  when i tell people i'm into bitcoin they don't think im cheap.. they think im NUTZ. because i don't tell them i'm going to get rich. i tell them i have a NEW version of money.

Cos these people don't know that this is actually work ....
You invest in bitcoin with a risk and it's more like share's , so if people say that to you ,just let them say it! meet them in your avantador after some years ;)