Bitcoin Forum

My follow beginner, hope your reason in investing in Bitcoin is not thinking to live large , buy good cars and to acquire mansions. If you ask most beginners what is their reason they choose to invest bitcoin all what you will understand from their reason is just want to make in different versions. Beginners should learn to know bitcoin is not a reason or a way to become rich .

The reason in investing bitcoin should be just to level up financially, grow your money and get a better return of it. Beginners should not mistake bitcoin as to grow money and for making money(becoming rich). The principle of bitcoin is real , if you understand the principles it always turns out being profitable.

You can think right from the beginning to live large and being fulfilled when you invest in bitcoin, but before this can become a reality, you need to put some things in place, your learning grounds and determined mind of being focused, why you should be optimistic here is because people have been investing and making money from it, the history lane is a reference to ascertain this, those that invested earlier and hodl have made alot of money, also if you can learn trading, it's another easy meant to get good at it, but before all these, you a perfect learning ground over time.

Yes you are right that mate Through investing of bitcoin we can earn money but we can not say that we can always makes money as we all know that There are many circumstances if we invest because bitcoin is too risky we can not predict the outcome of our investment. There are many successful investor around here, those people know Bitcoin long-time ago and hold it until now then for sure they are very rich.
As a newbie in investing it's better to have enough knowledge so Op you are in the right place you can gathered more information that useful in investing .

People invest in Bitcoin have their respective goals, especially in increasing their financial in the hope of buying the desired items as mentioned by you cars or houses become many dreams of everyone because after all investing wants a greater return with a certain period.
Indeed, beginners must be at the beginning by learning how to invest in Bitcoin if the main reason they want to be rich quickly then it is wrong because it must need a process to understand how to make money in investment without any doubt.

In Bitcoin one should not be rushed or other reasons, for example, want to profit faster because it is not possible with the results obtained but will suffer losses, I am more agreeing to Bitcoin given a period of 5 years then it will be better.

As beginners for them to learn is an important thing in every experience, it will make his own principles.

Growing your money and wanting to become rich are very similar. Investments are made with an eye on profits, or returns. So, in essence, Bitcoin holders want to see the fiat value of their Bitcoins grow overtime, when this happens, the amount of investors grow and when the fiat value drops, so does the number of investors.

Your reason for investing may not be mine.
I want freedom from the fiat inflation trap and want to be my own bank, independent of any third party. Bitcoin gives me control without reservations and shows that there is an alternate way to do things without relying on banks.

- Jay -

Most of the reasons for beginners and those who jump in to make investments give the same reasons even though the words are different. But basically having the principle of getting the target you want is like targeting buying a dream car, a house that is planned for the future of course this is the next action that of course needs to be done, even though it is targeting investment, and the real aspects we need to understand when starting and this according to my perspective, of course we need to be successful in analyzing all areas of Bitcoin Investment, especially the basic keys to investment and also success in investing, even if it starts with a relatively low nominal.


This tends to be more about the profits and success that we get from investing while we are in the world of Crypto Investment (Bitcoin), and apart from that I think a lot of knowledge is obtained when we invest, one of which is the advantages and thoughts that tend to be positive from Bitcoin, so because it has a good target in investing in Bitcoin, because everyone has different principles and their own goals, but it is too early to expect to get rich in a short time is an inappropriate perspective for beginners and other investments.

You are actually saying what I have in mind too,in as much as a member can have money through Bitcoin, I don't really see Bitcoin as a tool for financial breakthrough, any beginner that have the motive of investing on Bitcoin to eradicate poverty is really getting it all wrong.
In as much making me is also involved in Bitcoin, I will always advise beginners to first learn how to trade in Bitcoin, learn and understand about Bitcoin and also,Don't ever invest in Bitcoin a money you can't afford to loss...that's my say though

I try to understand you quite okay but there is one thing we must not forget, people have priorities, needs and wants. Some people came in with the mindset to make money and enriched their profile status and to some extent is working for them but as you said reason for bitcoin is to level up your financial, to help grow your money so people believe to have stream of income that can afford them some luxury lifestyle but of a truth going into bitcoin with such mind as beginner may ends you failed the real nature of bitcoin money. Yet people can be very funny to see anything as business.

Bitcoin is for whatever you want to use it for. Bitcoin is..

1. An investment vehicle for the patient person.
2. A currency for a buyer/seller.
3. An income source for the trader.

etc.

They buy Bitcoin as investment most likely so they intentionally want to get rich with Bitcoin. It has nothing wrong.

After that, most of them fail to control themselves as investors to become traders, they have to make transactions to exchanges, deposit, withdrawal and they have to use Bitcoin wallets more. Being exposed with news, fuds, they will take care more of their bitcoins by considering to use self custody wallets.

I think those steps are very natural and organic so it's good in general.

Financially progressing literally means getting rich so your content itself contradicting or you can include the word "Quick" then it can be more appropriate.

When you call something as an investment then the people who invested for only one reason which is making money but bitcoin has a lot more than getting returns which are decentralization so how long for someone to realize which is so important over others?

This things should not take time for a beginner to learn or should it be a problem if those who are introducing them into bitcoin do their job in the first place.

The optimism about quick riches created in the mind of beginners by those introducing them or the deceitful article they read, is not easily washed away, I think this problem is from the foundation and can be prevented.

Yes, some people think that Bitcoin is a good investment because its value has gone up a lot over the past years. Basically, the idea is that you buy some Bitcoin and hold onto it for a while, hoping that its value will increase and you can sell it for a profit. However, it's important to remember that its value can go up and down quickly, and there's no guarantee that it will continue to go up in the future.

Overall, while some people have made money by investing in Bitcoin, it's not a guaranteed way to grow your money. So, if you're interested in investing, it's a good idea to do your research, understand the risks involved, and to consider other options as well.

Then a couple of lines later you contradict yourself. I have no problem with people investing in bitcoin solely for the profits. Making money can be a good motivation, it depends on how one goes about it. The disadvantage of having that mentality is those people tend to move towards shitty projects and scams. But as long as you are consistently building your bitcoin portfolio, there is no way you can be at the short end of the stick. From my observation, many people are more concerned about hodling their bitcoins long term than actually using bitcoins as a payment option for regular stuff.
 

BITCOIN ain't actually some double-up agent, be warned!! Why? Cus sometimes, those bucks get slized into two halfes and most other times, it gets licked off your dashboard, what you Gon do? Assuming you needed the cash badly for something else?? Huh?
Bitcoin is a store of value, nothing more....cus sometimes, we expect too much from the bear market doesn't mean it's gonna give us that much. A couple of times we all lose, that's why it's genuine.
On the other hand, it's also a good source for traders cus they'll actually make some more profits from its volatility.

Sandra 🧑‍🦰

For beginners, this might help since most of them are after of the quick-rich mindset when investing that would lead some of them to get frustrated when the market suddenly changed. They panicked and end up of selling for a low price but if they really want to make money from their investment they have to set their mind that Bitcoin works in a long-term investment. It doesn't have to be like some altcoins/shit coins that are doing the pump and dump yet never been heard before after they dump. Bitcoin is different than them and is the father of all crypto currency out there and is decentralized unlike with those altcoins that has someone in control.

The reality in investing bitcoin nowadays is that, the higher capital you've got, the higher chance you'll make much profit but the higher risk that you should take.

That's why those that think becoming rich on it is possible by just having little capital, it may take a lot of time and that depends on how little that capital may be.

As for the beginners, please do not think that you're rushing and always in a hurry as you invest in bitcoin. Most of those investors that have made their ways to riches are the patient ones.

Oh you are directing your perspective about Bitcoin to the newbies like you? That's fine but we all cam learn something about Bitcoin even though the reason why we enter the cryptocurrency market may differs.one thing we need to understand is that for you to make Money from investing in Bitcoin, you must have a large holdings so when the market appreciate you will have good amount of profits from your holdings.
The market is broad and we need to understand all it is going to take us before we think of becoming a million from investing in Bitcoin.

No, it's not a get-rich scheme if you're a believer and know the principle of Bitcoin you should use it to patronize the marketplace that uses Bitcoin, Satoshi did not just create Bitcoin to hoard but a peer-to-peer transaction with no third-party involvement or no control coming from traditional institutions.
Profit should not be our main concern but promoting it as a better alternative to payment, there should commerce involve and not just hoarding for profit.
 

No!.

Don't think like that (profit), If not according to reality or be came unexpected, you will be disappointed and leave/hate bitcoin.

I have a friend who really loves bitcoin in past, and assumes will get benefits in future, but in fact, he was very disillusioned with bitcoin because the exchange he save $20K bitcoin bankrupt, and not refunded his money. Now, because of that incident, he is very hate bitcoin which made him lose his savings, he is so traumatized and crying hard if heard about bitcoin.

Bitcoin will give you financial freedom, which fiat can't. Different people have different mindsets for investing in bitcoin.
Some may get rich with bitcoin, some find peace of mind that they won't find in banks or fiat.
For me, bitcoin gives me full control of my money, I am the one who controls my money, not a bank or my government has control over it. I hate banks so the right solution for me is bitcoin.

Don't get me wrong, I believe that there people who get into Bitcoin because of the technology, because it is a way better alternative than fiat, but I don't think there's somebody who actually disregards the rising price of Bitcoin.

But I don't see any conflict with it. I don't see how it conflicts with the principle of Bitcoin. As a matter of fact, the increasing price of Bitcoin is expected precisely because of Bitcoin's principle. Bitcoin's fixed supply gives us an idea that its price will possibly be rising no end. In contrast to fiat's continuous devaluation, people who get into Bitcoin must have appreciated its continuously growing price.

everyone has a different opinion on this matter, but what is certain is that everyone is also looking to profit from investing in bitcoin,
and I'm sure a beginner or even a senior, definitely looking for profits. but lots of beginners
who experienced investment losses in bitcoin because
lack of knowledge,,,

OP, what's the difference between wanting to live big and wanting to move up financially? Your post contradicts itself. If a newbie invests in Bitcoin, it is not a fact that he is poor, is it? Accordingly, the constancy and regularity of his investments, as well as the amount he wants to invest in Bitcoin, may well lead to a big dream of living comfortably.
It all depends on the goals, and not everyone comes to Bitcoin for investing; someone can freely use it for the purchase or sale of goods, and someone just uses it as a means of insurance during inflation.

Whatever you decide to do in life, if your foundation is weak, everything you try to build will fall apart. The same logic holds true for bitcoin and cryptocurrency in general. In order to execute your plan properly and avoid losing your investment, you must have a basic understanding of what you are getting into. This is true whether you choose to use bitcoin to become wealthy and purchase expensive cars and other items or whether you want financial stability. The sky is the limit if you have a solid educational foundation, perseverance, and a laser-like focus.

As @lovesmayfamilis noted, you're kind of contradicting yourself - because no matter what you're talking about, you still think that Bitcoin is exclusively an investment, without even mentioning that it's a decentralized cryptocurrency that should allow anyone at any time to make a transaction without seeking the approval of a bank, government or other institution.

I'm not saying Bitcoin isn't a good investment, but it wasn't created exclusively for that, use it as a currency from time to time ;)

Only it is very difficult to predict how many years it will take for your goals to be achieved. It is possible that this will happen in a few years, but it may happen that many years later your children will receive a profit from your investments today.

Bitcoin have a solid future and enchance profits for traders and investors. The investments we make today, I'm not in a hurry to withdraw my profits because I'm confident as time goes on, it definitely going to increase. There's more time to make crucial research on what to purchase and the trending projects in the space that have promising roadmaps. It's every trader's joy to see the beautiful smiles on their offsprings faces when they start enjoying their profits.

Everyone that into Bitcoin investment are not the same, some people are into Bitcoin today because they want to make money in time to come, while others are into Bitcoin because of trading and some are into bitcoin because they don't want anything to do with fiat.

Actually, if we have more stable finances, we will be calmer in living. Bitcoin may not be the only way to realize it, but this can be one of the ways to earn passive income by doing long-term investments. As you said, investing in Bitcoin may give us very big chances to gain very big profits, with high expectation to earn a lot of money. But, there are also other ways how Bitcoin can really give us the worth and precious values for long term holding with free money.
This will not guarantee that our life will be much richer, but it will give us the chance to have better financial if we are able to manage them wisely and smartly.

Yes the goal for investing in Bitcoin is not to get rich but a way to earn passively. But aside that it makes us our own Bank and provide good hedge over inflation. A very big and powerful currency that keeps our funds away from government monitoring.

But for the rich who can afford risking so much into Bitcoin investment they can become richer. Bitcoin investment on a long run is capital intensive but as always advised we should risk an amount we can afford to lose.

Most of the time, the mindset people have when starting an investment or business is what keeps them motivated to succeed. If beginners believe that investing in bitcoin will make them wealthy, that is fine; you never know what their motivating factor is. It is now up to them to put in the extra effort to become what they want to be in this world.


The principle did not limit what you could achieve or obtain. People work harder to achieve what they don't have, and you can't blame them if they push themselves to do so. It is their dedication and hard work that deserves to be recognized. Nobody can stop people from becoming wealthy through bitcoin investment.

One of the reasons is because of high volatility, the price can go up or down drastically in a short time which makes there is no guarantee that it will give a definite profit.

There are many stories of success and failure of traders, from starting to lose money which made him poor and some suddenly rich.
Investing in Bitcoin must be accompanied by qualified insight and knowledge, not just because of joining in (Fomo). Apart from that, it must also be supported by a strong mentality, so that when faced with difficult circumstances it does not make you depressed or cause psychological problems.

But you can't deny the fact that most influencers you see on Youtube walls do that to impress young investors and to some extent, I don't blame them. The average person from society who hasn't been exposed to digital assets would want to be convinced enough to see what people have gained from holding bitcoin. However, that impression has led some hands to be burnt by putting all their money into bitcoin without a proper understanding of what they are even buying.



Bitcoin will definitely level up your financial status but first, your hope must be bought down to the lowest level, you need to be patient and be ready to accept whatever you see on the chart, the long term always wins if you keep holding your bitcoin, always be unshakable diamond hand.

There must be someone who has the goal of having a big life, a nice car or a luxurious house or wealth.
But to get there, they must realize that investing in bitcoin is not easy because they have to see the price movement, which continues to fluctuate and does not stop.
For beginners who want to invest in bitcoin, they have to find a method that works for them and many of them suggest using the DCA method of buying little by little and regularly.
By investing in bitcoin, they have the opportunity to have a better financial life than other people and can achieve the goals they want.
So they should be able to straighten their goals and never think about getting rich quickly.

But I honestly admit that I am interested in investing in bitcoin because I want to grow the money I invest in bitcoin. expecting to get rich from bitcoin is also on my mind sometimes. but I know that it is not an easy thing and can be achieved just like that. I know the risks involved. And even I only invest with leftover money. had high hopes i thought not a problem. the important thing is we keep investing with careful planning. not based on greed and hype.

It will not work as easy as you think, especially for a newbie who will buy and wait for profit. Imagine that he bought and the price went down, imagine that the purchase was made at the time of the beginning of the correction, in this case, it will no longer be possible to calmly wait for profit, there will be many worries and perhaps even a sale with a loss will follow. And before buying anything, you need to study everything about the asset in order to understand what you can expect.

Many beginners, even those who already understand enough about bitcoin, come with the hope that they will succeed with bitcoin investment. Expecting financial increase may be quite commonplace, but when you want big profits in an instant way it will never happen. They just see that bitcoin is big and bitcoin is hype. It's not easy to get consistent profits so we can get what we want with bitcoin. there will be many risks that can occur. Profits will not last forever, there will definitely be losses that can occur. Bitcoin grows your money slowly or according to investments made, not for get-rich-quick schemes.

Bitcoin is certainly not a get-rich-quick scheme. Its more of a long-term investment that when you succeed from it, that means you can gain good returns and grow your capital, as well as grow your possible profits. But for most of the beginners, their mindset is mostly set in greed that's why they invest bitcoin because of their high desire to get rich instantly. The reason why they lost their focus in bitcoin investing because they are more motivated on the fulfillment of their greed.

Well, we cannot blame some beginners if they set their goals following on that concept since its all advertised in social media that bitcoin holders and traders have been making their fortune, and as they are still beginners with less knowledge and experience, then they will easily believe whatever those crypto influencers have to say. But i believe, the moment that they start enduring losses, then they will know the true meaning of bitcoin and how it should work.

This statement makes me confused.  ???
You said investing in Bitcoin to improve the financial level and grow the money, but then you claimed that beginners shouldn't think to grow money from Bitcoin. Do you think beginners spend money on Bitcoin for earning small money only? Dude, everyone must expect to earn big money from Bitcoin investments. And if you earn big money and level up your financial status, it means become a rich person, right? IMO, beginners are free to expect to be rich from Bitcoin investment. But they can't think it is easy, they must know it requires hard effort, knowledge, and experience.  

Bitcoin is actually overrated by most beginners, and that's understandable because they are still in the process of gaining knowledge and skills in crypto. But if they still continue their wrong mindset about bitcoin even if they are here for quite of time, then i think that's already unreasonable. That will eventually pull their investment that they won't no longer succeed  because they are not doing the right thing about bitcoin.

For many, Bitcoin is the only way to avoid becoming poor from endless inflation.

It's not a get rich quick scheme. It's a tool to preserve the value of your labor over a longer period of time.

I think bitcoin is not overrated for them, those who think can buy houses, and cars and live a lavish life by investing in anything worth 100$ is purely greed. It is not only for crypto they would think like that with anything else, it is problem for them not to do anything with bitcoin.

Not trying to blame anyone here, but I think this kind of mentality comes from greed.

Investing in Bitcoin is all about growing your money instead of putting your money in one bank, and by the end of the month or year nothing to show for it, no increment or interest. Where many people are getting it all wrong, is because they think once they invest in Bitcoin, they will become rich overnight, sometimes is good to get greedy but keep it under control, that is one of the fun of investing your money into something, you have to dream big sometimes, but the truth of the matter is don't get too greedy.

Most beginners are always having poor orientation about what bitcoin is all about before joining it, most of them believe bitcoin is a get rich quick scheme which is wrong, they believe bitcoin is a ponzi scheme where they will ask you to deposit certain amount of money and they will double it for them. You can definitely make money from bitcoin if you can buy and hold, you can buy cars and buy house if you want to, but it's a gradual process and you just have to be prepared to HOLD.

You may think that Bitcoin is to grow your money but there are some situations where Bitcoin is to make your money smaller. As you may hage know that cryptocurrency price are not stable unless it is a stable coin that is pegged with USD like USDT. Well, investing in Bitcoin is all about making your money grow in whatever ways that you will use to make it grow. There are some benefits that we can enjoy unlike using banks for fiat currency.

To me any time I hear the word bitcoin what comes to my mind is to invest to add more value to the money once you are investing at list one should expect to live a good and comfortable lifestyle there should be a different from you investing bitcoin from someone selling some food items,I believe in any thing you are doing that don’t add  monetary value you can’t measure your success or progress so for think any beginner should first focus on the goals then others will come to it and learning how it works and having perfect understanding on bitcoin will give you as a beginner more advantage on soft landings .

There is the truth that very few people dare to admit that we are here mostly because we want to make a profit and increase our money. It can be said that when investing in bitcoin, the first thing we care about is the profit, then the other benefits of it.

And you're right, we all have greed, otherwise, we wouldn't invest, but the only thing wrong with newbies is excessive greed. Many people think that getting rich with bitcoin is easy without doing anything and without learning anything.

Bitcoin was created for some other reasons, but lately people have been investing in it solely for the purpose of making money.
Unlike classic investment where until recently you needed a broker to be able to invest, investing in crypto is very simple, and bitcoin has grown a lot in value in the last 10 years and this has attracted a lot of young and inexperienced people who have started investing their personal money with the hope of a large profit in a short time.
However, in the real world, things do not work in such a simple way, that someone invests money and just waits to get rich doing nothing.
As everywhere else, it is important to study and analyze the market in detail, and to make important investment decisions based on concrete facts and analysis and not on the basis of something you heard from a friend or read on the Internet.
Also, it is important to have a concrete investment plan and a clear exit strategy, and to be patient and be ready to wait.
Also, it is a great truth that you need money to make money, but you also need to know how to dispose of money and you need to understand that money is only a means to achieve certain life goals and not the ultimate goal.

The reason you should be optimistic in this situation is because people have been investing and profiting from it; history lane is a reference to ascertain this; those who invested earlier and hodled have made a lot of money. Additionally, if you can learn traditional finance, it would be beneficial for you to invest in bitcoin. However, before this becomes a reality, you have to put some things in place, your learning grounds, and a determined mind of being concentrated.

Sometimes they don't know about it from the procedures for using Bitcoin, maybe they hear about it from some successful Bitcoin users from the point of view of real things they see and it doesn't mean Bitcoin isn't real, I think from here they are inspired to get involved in cryptocurrency without paying attention to some The most important aspects for them to learn first before taking further action.


And actually they need all of this, knowledge about Bitcoin, how to use it well, learn the trade, or from a good Investment point of view in Bitcoin. This is an important aspect for me for beginners who really should gain knowledge and in terms of other important aspects, as we said, investment should be prepared for what it is used for and of course be willing to lose and this is the risk of everything.

To be honest we all invest in Bitcoin to make profits. When invest comes means you intend to make more money and we can't ignore that. But we shouldn't forget about the reason for Bitcoin's creation. So we will not regret it at the end of the day. That's why we need to learn very well before taking a crypto investment due to high volatility. Also, we need to think secure funds from scammers & hackers. Everything related to crypto should be learned.

And that should be the final stage of every investment made, every user certainly expects profit behind everything that has been tried, here it happens and applies to everything, both you, other users and every investor. this has become the ultimate goal of everything where of course they will pay attention to profits in the end.


In general, this will continue to happen, those who are less observant to understand all of the main aspects needed to invest, the lack of knowledge about investing in particular will make them really lose what they have spent and from every hope they want, but this also happens when ambitions cannot be controlled properly, I think they really should be able to master in advance either in terms of knowledge or other important aspects of real investment.

People have become more eager to invest because once it will prosper, it will lead to the realization of their future dreams and turn them into reality. And I don’t see negativity on it. The only wrong about investing in bitcoin is when you see it as a get-rich-quick scheme because you will never see it as a long term investment but certainly a short term so you can eventually get your expected profits. While this can happen for veteran investors, but for newbies it’s hard to see profits with bitcoin if you only invest on it as a short term investment.

Not particularly, whole idea about this is that it ain't a "get -rich-quick" syndrome, No!!! If you hope to have 'em coins appreciation several times in a year just to make alot of interest, then you'll automatically suffer the pain of your cash deteriorating massively.
But in as much as you have the idea about how the whole system is made to function, you won't get perturbed when 'em cash Capital crashes badly. This is most importantly the reasons why we should learn deeply about BTC first, before investing. I guess it's apparent why this great site was created, yeah.

Sandra 🧑‍🦰

Especially when newbies join crypto they don't know much about Bitcoin. And they dream of getting rich by investing Bitcoin but they invest without knowing about the market. They should know when the Bitcoin market moves at what speed. It has been observed that new investors invest when the price of Bitcoin is at its highest and later suffer losses when the market crashes. So to earn money by investing in the crypto market, he must have a good analysis of the market. And later, if you invest in Bitcoin wisely, you will surely get profit.

There are always risks in this type of investment, including investing in bitcoin, moreover, I quickly panic and sell it at a cheap price, but for those of you who have great patience and don't panic quickly when the bitcoin price drops, then you have the right assets for the future.