Bitcoin Forum

Most people for the first time when they hear of bitcoin, due to its volatile nature that can pump very high within a twinkle of an eye during the bullish period, they misunderstand it to be a get rich quick scheme not knowing the reason behind the pump in price. This has made so many newbies rush into bitcoin as they think that the moment they purchase bitcoin in few months they will make mega profit, unknown to them that it doesn't work that way. This will make them borrow money to invest in bitcoin or use the funds for their monthly expenses and emergency funds to invest in bitcoin, and when what they expected didn't turn out to be so, they get disappointed and due to tension on them for using funds that was not meant to buy bitcoin, they end up selling at a lower price than their entry price and run at loss.

Bitcoin investment is just like a normal investment that when you start it initially, you take your time to grow, nurture and monitor it, with patient and discipline to make sure that the investment flourishes. The investment can only flourish,when you give it a long  time. It will flourish to the extend that when you take profit from the investment is still ongoing, and not within two years but let's say from four years and above. But if your investment has just started taking shape and you want to start taking profit, you might end up crumbling the investment, because it is still in its early stage.

This is how we should see bitcoin investment like, but bitcoin investment is more of value because when you have it in mind that you are buying bitcoin and invest in a long term goal and also having a target of bitcoin that you want to accumulate for yourself in maybe 4-10yrs and above. You will see that you will prepare yourself towards how to achieve that goal. For you to be able to achieve your long term goal, you budget a percentage from your income that wouldn't affect your monthly expenses, so that you can be buying consistently every week, monthly or quarterly, in order to increase your bitcoin portfolio because the size of your portfolio with the timeline is what will determine your profit. Bitcoin investment is worth investing into because  it might be that, it is your bitcoin investment that will turn your life around in future and you will be happy that you invested and hodli for a long term and you could meet up your bitcoin target.

Bitcoin is not altcoins that can be hype, bitcoin has a solid foundation and has come to stay, the government knows this and that is why they are approving Bitcoin ETF, which US SEC will soon approve that. Can you just imagine when you build a house without a foundation, any little breeze will shatter it and that is how those altcoins are, they are pump and dump and they were created to scam people who are greedy and need quick profit or people who don't know the potential of bitcoin. Investing on altcoins will be the worst thing to do because it is the same as gambling.

Why are you after a quick profit investment, when you know that there is no investment that has lasted, that will give quick profit. The only way that you can profit from bitcoin is when you invest in a long term and focus your mindset on a long term goal with regular DCA. When you invest in bitcoin for a short term, the possibility of you to run at loss is high than when you invest in long term. Invest wisely...

What is your thought on this.

Bitcoin could be used as get rich quick if you trade it in futures, I think many people use this when they believe in Bitcoin and at the same time they want to take a big risk. Since most of them hold their coins in CEX, they don't feel if Bitcoin fee is high and should carefully to send it.

It's not about discussing holding Bitcoin must in non custodial wallet or don't trade in futures, but the CEX give such feature and that make people use Bitcoin like that.

Bitcoin right now probably can't make you rich, but it can help give a good boost to your net worth — obviously due to price appreciation, and depreciation of fiat currencies.

Bitcoin isn't a get rich quick scheme, it's a not-get-poorer scheme.

Bitcoin is not for a person who wants an easy money, Tbh this is not all about gaining huge return of investment due to its volatility, Prices may vary depends on the market movement. Investing in bitcoin requires patience, understanding, good decision making and knowledge how crypto investment works, Not totally pure knowledge about crypto but at least has an idea and background about the coin. It can't make you rich in just a snap, Always remember that all investments takes time so if you're planning for a long term investment in bitcoin, it's important to set aside money for emergencies and to have debt under control.

When you write a wall of text like this about 'BTC investment', you are giving people the wrong impression that BTC is similar to a ponzi/pyramid scheme that everyone should just buy, hold it, only to sell later for profit, and the cycle continues. BTC is a p2p electronic cash that is decentralized and censorship resistant, that is what BTC was created to be, and maybe that is what is worth discussing or writing a wall of text about, especially in this section of the forum.

BTC as an investment is secondary, and it is because BTC is volatile, there would probably be a time when BTC may not be as volatile as it is now, and it may not serve as a 'profitable' investment for many people anymore, but BTC would always be a currency, because that is what Satoshi created it to be.

The story of Bitcoin is indeed full of false conceptions. You're exactly right: its attraction often hides the fact that investments take time to grow. You wont get rich quickly; it will take time and effort, but it could be worth it in the end. This misunderstanding makes a lot of people risk their most important things in order to make quick money, only to face the harsh tune of instability.

A new idea, though: what if we thought of Bitcoin as "digital gold"? Just like gold, its a way to save money over time. Its not a raffle ticket. Strategic accumulation is what its all about, not wild guesswork. Your plan to make regular investments that dont break the bank (DCA) is a good one. This way lowers the risk of trying to time the market, which makes your relationship with Bitcoin healthier in the long run.

Dont forget either that Bitcoin is still becoming better. Its base is better than the weak altcoins, which is a good sign. Still, its important to spread your money around and balance Bitcoin with other assets. If the world of investments is full of chances, why put all your eggs in one basket? Remember that patience is a technique in investing, therefore lets move carefully.

There is no need for much drama or explanations. If you want to make fast money, don't join the Bitcoin space just locate shitcoins or Ponzi schemes.

But the fact still remains that most people use Bitcoin currently as an investment scheme more than as a currency. They don't care about other benefits like privacy and decentralization. It is correct that was designed to be a currency but anti-government policies, ignorance and volatility have made it a more speculative asset than are currency. I think the post is focused on discussing bitcoin as an investment which is also a part of the bitcoin system. But I get your point @ztight, we should always present Bitcoin as a currency and not just as a means of making money.       

I think the reason newbies think bitcoin is a get rich quick scheme is because they have heard about bitcoin's past huge returns. With that, the hype of shitcoin also spread and they assumed that bitcoin would too. Therefore, many newbies to this market have the misconception that bitcoin is a form of getting rich quickly, making money from bitcoin is very easy...But not just bitcoin, I think most people participating in any financial market will have that thought. But when they actually become investors, they realize things are not as they dreamed.

It is because that is what most bitcoiners talk about, that is what they introduce BTC as to their family and friends, why do you think so many people think BTC is a scam and they don't want to have anything to do with it, it is because of this idea, so many of them bought BTC and the price dropped, so they sold at a loss, others bought BTC, but didn't learn anything about security of their coins and they lost it.

Nothing changes the fact that BTC as an investment is a secondary purpose, when people learn about the BTC network first before learning about how to make returns from BTC, they would secure their funds better and they will care more about privacy and other important aspects of BTC, and then they can make returns from BTC with some of their coins, I believe this is the proper way things should go.

Everything you have said is valid mate. But I want to add that many people who think that Bitcoin is a scam didn't buy Bitcoin. Many of them were deceived to buy several shitcoins believing that they are investing in Bitcoin. There are many so-called crypto experts who hide behind the concept of "cryptocurrency" to scam people. Many people don't know the difference between altcoins and Bitcoin so they are easily scammed and when that happens they conclude that all cryptos are scams. 

You are absolutely right, if we only store our wealth in fiat money then we will spend more money for each item we buy, but unlike bitcoin, the price continues to increase so there is a big possibility that you will continue to increase your net wealth if you only invest your funds in Bitcoin. People who think that bitcoin will make them rich in a short time or overnight are very stupid beginners, they will never be able to get it, they will fail before they can even make a profit from the bitcoin purchase they made at the beginning.

Viewing it as a long-term investment rather than a quick win is crucial.
The analogy with traditional investments makes a lot of sense, emphasizing the need for discipline and a strategic mindset.
Setting long-term goals, budgeting wisely, and distinguishing Bitcoin from riskier altcoins are all solid pieces of advice.

Therefore, it is safe to say that if a person has the skill, the capital and has a big risk appetite, bitcoin can be a ger-rich-quick scheme for them. We can say that since it is only a few people that has this skill, it is a get-rich-quick-scheme for them but for the majority, it is not.

A person who lives in a country with depreciating currency and invests their wealth in bitcoin may not get rich but will save their wealth and live comfortably above poverty line.

You can have quick profit with altcoins but fast comes, fast goes. Altcoins are very risky and you can have big profit with them but in a bear market, you will lose a lot of money if you invest in altcoins and hold them through a bear market. Many of altcoins will die and usually have 99% price loss in a bear market. Very little altcoins can make new all time highs like Ethereum.

Bitcoin is different, it always makes a new all time high with each market cycle because Bitcoin leads this market. Halving each four years creates a market bull cycle for altcoins to join. Dollar Cost Averaging does not help you to get rich quickly but if you can DCA a long time, you will have very big capital spent for DCA. When a bull run comes, with capital you have with DCA, you will have good profit like effortlessly.

When Bitcoin runs, it can not be stopped. DCA will help your portfolio increases a lot with a Bitcoin bull run. You can take profit effortlessly too because Bitcoin has very high trading volume.

Indeed, Bitcoin is not a ge rich quick scheme but unfortunately that's what how it has been introduced to the outsiders I mean to those people who are not aware of Bitcoin. I have seen my colleagues discussing about investing in Bitcoin stating they will get rich by doing it but they have no idea about concept of Bitcoin and why it will make them rich, I feel Altcoin is a get rich quick or lose it allsor of scheme wherein Bitcoin is like gold with higher returns and a real life P2P transfer medium.

We cannot blame anyone here since there are no centralized stakeholders who are responsible to spread awareness. But, eventually once people become wise they will realise what is Bitcoin.

Bitcoin is considered a long-term investment, and its value is expected to continue increasing. It serves as a good hedge, especially for countries experiencing hyperinflation with their fiat currencies. Governments that may not be transparent about their economic status, particularly the impact of substantial debts, could potentially surprise their citizens with the existence of hyperinflation. In such cases, being aware of Bitcoin could provide a safeguard, allowing individuals to relocate to other countries if necessary. All they would need is the key to access their Bitcoin wallet, making it a portable and potentially secure asset in times of economic uncertainty.

Bitcoin will not make you instantly rich, but if you know the secret strategy to increase your bitcoin hodling  and you’re aware on how to deal with the risk and manage your investment, in less time you will eventually become rich. Although it’s a long term investment with a maximum of 5-10 years, but with patience and understanding on the market volatility, you will end up seeing yourself in highly financial security.

However, if you invest full of greed that you want quick profits at the earliest time possible, believe me bitcoin will not make you rich but will make you suffer and lose your capital. Bitcoin is not a get rich quick scheme, but it’s one of the most effective and profitable investments that will create life changing opportunities and profits to make  you rich and wealthy.

If we consider how stock market price move and bank financial instrument offer, Bitcoin is indeed quick scheme since you can double or triple your investment with just a short period of time which you can attain by investing on traditional investment. Bitcoin volatility is one of its pros and cons at same time since it's one of the main reason why we are being notice.

This people thinking about quick rich will soon do research to themselves once they are already invested. That's the time they will change their perspective so I don't see any problem for people think that Bitcoin is a quick rich scheme as long as they will invest and later do their own research about the full benefits of Bitcoin aside from it's volatility.

Bitcoin investment will hedge you against inflation and give you some return on investment, but will not "turn your life around" or get you rich. If you have a source of income, converting your spare cash to bitcoin will help you protect it from inflation, if you do not, bitcoin cannot help with that.

Bitcoin is not built on hype, but it is a consequence of its features. Decentralization and security is enough to get anyone excited.

- Jay -

Newbies are the one that has such mind set in the community,  that is why you see them shooting whenever there is a little dumb in the crypto market because, they thought the moment they invest in that particular coin they will turn to millionaire or billionaires in the community. If you made up your mind to invest in BTC, it can change your level that will make people to feel evidence of a good living around you when you apply long term hodling in your BTC and make sure that your capital is a big capital to start the BTC investment.

If you use $50k to buy BTC when the price is low, because I will not advise newbies to buy BTC at this current price, but if newbies can use this $50k to buy BTC when the price decrease to $15k and hodl like 6 or 7 years before they can sell to make a good profits, I believe poverty will leave such newbies life by force.

I agree with your analogy about Bitcoin. Bitcoin was created as P2P electronic cash on the blockchain network and currency used when there are transactions on the blockchain network.

Because of its decentralized nature and the many people who agree with Satoshi regarding Bitcoin and the decentralized system, Bitcoin has been adopted and used to this day. With limited quantities, cheap transaction fees, fast transactions, it also attracts more and more interest because they want to use or take advantage of it. Because this demand is what causes BTC to rise in price, supply and demand. Over time, as prices continued to rise, many parties, especially early adopters who held a lot of bitcoin, began to invest because they saw the projected increase in value for the future until bitcoin was able to provide high profits with the nickname sage haven/digital gold asset. As you said, Bitcoin investment is a bonus. For people who understand Bitcoin and its system, they also know its cycles and uniqueness, therefore the risks about the volatilitily they carry can also be anticipated by holding.

only people who have high aspirations implement get-rich-quick schemes, because they see bitcoin when it has a high value and hope to get more without knowing the process (usually people who enter/buy when bitcoin is having FOMO)
owning bitcoin is not to get rich quickly, it only delays continued poverty, if we enter at the right time and release at the right time too

Current bitcoin have been on higher price I don't think its the way to make rich quick scheme based on many people mindset when investing their money in bitcoin, many people wrong perception when investing their money in bitcoin and want to get rick quick way due many people have been success when investing their money in bitcoin before. Many new investor in bitcoin not looking with some success investors how many years they have invested their money in bitcoin, just looking with the result or achievement by increasing the values of investment only without looking how many years needed for getting bitcoin on higher price.

Need to educate for new investor mindset when investing their money in bitcoin, don't blame with many people achievement have earned much profitable in bitcoin but don't forget with how many years their money put in bitcoin.

Exactly, people with lack of knowledge are the most targeted of these scheme. People without the knowledge may fall easily in that type of whatsoever. Yes, owning bitcoin is not to get rich instant. You may earn or lose money, so having patience is needed.

Bitcoin holds the value of our money and on the other hand Bitcoin generates new ATH with a long period of time through which it is possible to make multiple profits and on the other hand its price is always fluctuating so it can be very profitable to trade.  So it is considered as a strong asset by all.  But like gambling it cannot make one rich quick.  Investing in Bitcoin requires patience and holding it.  A long term hold can give you a good profit

We know that bitcoin is not for get-rich-quick schemes, satoshi did not create with that method but for P2P transactions and his blockchain network, there is also a matter of investing in btc, so the price continues to strengthen, so many people think that investing in bitcoin is quite good, so many people do it.

While people who think with a get-rich-quick pattern then they are laymen who are new to it from someone who has just made a profit then do crazy things by selling all assets and then investing, so this is the wrong behavior.

I think with your method of DCA investment it may have been done a lot, and hold the long term but at least the purpose of bitcoin from the beginning is not that but of course I am happy with the price of bitcoin that continues to increase to become a valuable asset even as an important investment asset today.

I do not deny that satoshi mentioned bitcoin as a p2p currency in bitcoin's white paper. But do you see what's happening? Or are you stubbornly unwilling to accept the fact that people are treating bitcoin as an investment rather than a currency? Given what's going on, I don't see anything wrong with the OP advising people to buy and hold bitcoin long term to make a profit. I think it doesn't matter whether bitcoin is a currency or an investment, as long as it brings benefits and does not harm us, there is nothing wrong.
If you want to use bitcoin as a currency, go ahead and for those considering it as an investment, respect them as they respect you, no one is wrong here.

You are right, Bitcoin has become a stable investment due to the bullish run. People tend to make investments in assets where they have more chances of getting returns, and BTC provides those chances. That's why newbies are rushing into buying BTC even with borrowed or emergency money. If we look at it from a different angle, then it is a good thing, but to some extent because most of the newbies must be aware of the time period if they are investing in BTC.

We could make money from alts too, but we (investors) prefer BTC over alts because there are high chances of making a profit in BTC, and that's for sure, but in alts, there is high risk and even a risk of total loss.

That's why BTC is the best choice for now, but yeah, newbies should avoid entering BTC with borrowed or emergency funds if they think they will make a profit in a shorter period of time. They have to take the idea of a get-rich scheme idea out of their minds.

I believed op is talking about the newcomers and those who are judging bitcoin from afar. And as the op said those who not really understand and known bitcoin will think that bitcoin is a get quick rich scheme but when you come close to our and understand the investment process then you will come realize that bitcoin is not something one invest and get rich within 1-4 months. And also not everyone in the world understand that bitcoin is a Currency that can be used to buy things. And many at of them don't even know that it can be used for investment for a long period and have profit at the end.

What you said is also correct, those who are not using non custodial wallet or DEX will not know the tx fee increase because if they need cash they will just sell it in the exchange so they will not feel the tx fee. But the people who is sending to them must pay that high fee. And also those who have been in the system can make money every day from the system by trading. And trading pays instant and if the trader is very person is very good in trading then he will make millions within a short period of time.

If people still think that Bitcoin is a get rich quick scheme, they won't be able to get it. They will only panic more often when they see the price fluctuating and cannot stop themselves from holding Bitcoin. They don't want to learn how to become good Bitcoin investors. And that is also what causes them to fail to get big profits from Bitcoin.

If they are willing to learn how to use Bitcoin well, especially learn to become a Bitcoin investor, they will find that holding Bitcoin requires patience and persistence. They should try to buy Bitcoin regularly and hold it until the price reaches its ATH. Most people cannot be patient in waiting for the next ATH and fail by selling Bitcoin out of desperation.

That's why they need to learn about using the DCA method. This method teaches them to buy Bitcoin regularly for a certain period. After the Bitcoin price reaches its new ATH price, they can sell it at that ATH price to take the biggest profit. They can also still hold Bitcoin for the next few years because their price target has not been reached.

Bitcoin is not a lottery that you hit the jackpot. Bitcoin is an attractive option for a new investor in the cryptocurrency market. Maybe some people don't understand the hostility or don't get the right idea enough to invest in Bitcoin. Bitcoin can be bought and sold through individuals or companies, and it uses proprietary cryptographic technology designed to keep transactions and assets secure. You can earn Bitcoin or exchange it for one of the many cryptocurrencies. Bitcoin can be a get-rich-quick scheme for those who have a proper understanding of the ups and downs of the Bitcoin market, those with a large amount of money can get more profit by investing in Bitcoin in the short term, but those with less money have to wait for a certain period of time to invest in long-term.

Sometimes people get interested on Bitcoin from the stories that they have told about how they supposedly made huge amount of profits from investing Bitcoin after a short period of time and this type of story just triggers and increase the anxiety of the new investor to rush into Bitcoin without properly being lectures or even making the research themselves on the truth about an investment in Bitcoin.

I don't like posts that are too long, but I took my time to go through this post because of the topic I found interesting, and seriously, all that you said is on point. All people who think Bitcoin is a get-rich-quick scheme are a set of people who don't have any knowledge about Bitcoin and cryptocurrency in general and are referred to as newbies, if not anyone who has a good understanding of Bitcoin. They will never think that Bitcoin will make them rich quickly because it was never created for that purpose.
 
As you said, if someone wants to make a reasonable profit from their Bitcoin investment, they have to be patient enough to hold on to it over a long period of time, and they also need to invest a reasonable amount of money they can afford to lose, or use the DCA method, which means continuing to buy Bitcoin either weekly, monthly, or yearly, so that they can achieved a good amount of money invested in Bitcoin investment.
 
Many people that you see that are investing in altcoins are those who are looking for huge profits and quick profits in the cryptocurrency industry and thinking that altcoins can give them those profits because of some stories they Amy have heard about some people who were lucky to make some of those profits, but those people don't know that they are just gambling with their money because there is no assurance that you will profit from those shitcoins because they are pump and dump coins unless someone is just lucky. They are some altcoins that may have gained little trust but are still not reliable at all because anything can still happen if those that have more share decide to take their money from the project.

Did you make any analysis to say that Bitcoin will dump to the $15K range?

Personally, I never see that price range again for Bitcoin, and the worst possible scenario can be 25K range apart from that I feel the resistance around the $30K range is pretty high and so if you see the price anywhere near then I will say go all in.

And you are talking about long-term like 5 years so based on the volatility nature there won't be much difference to invest at 30K and $35K.

Let's take a look at the chart.
To go back to $15k right now is still unlikely and Bitcoin is still held by some pretty strong support including at $30k as you said,
but exactly for the Trend Flip Area is at $32k++.
So the $30k-$32k price area is still a strong enough area to keep Bitcoin above the $30k price.

Then if the worst-case scenario Bitcoin has to enter the bear market again and break the $30k support, it will still be held in the $25k-$20k price area, it will be a strong enough area to hold Bitcoin above the $30k price.

https://www.talkimg.com/images/2023/11/17/FTyQD.png (https://www.talkimg.com/image/FTyQD)

Neither Bitcoin nor any other investment platform can ever make a person rich overnight. If you want to change your financial situation, you must focus a lot on your work and work hard, only then will your financial situation change. I think those who invest some money in Bitcoin and think that this investment will change their financial situation in a few days are completely wrong. Bitcoin will never make you rich overnight but trusting in Bitcoin and investing in Bitcoin for a long period of time and continuing that investment trend, this investment in Bitcoin can change your financial situation. We should never invest in Bitcoin with the hope that Bitcoin will change our fortunes overnight rather we should think that we have an investment that will give us something good at some point in time. If we can think like this, we will definitely get something good from Bitcoin investment.

You won't get rich quick. It takes time and effort, so some investors rush into risky investments in an effort to make a quick buck. I think investing is an opportunity that doesn't always exist and should deal with the situation in the crypto market over time and then invest. Bitcoin is more popular than before which is really a good sign so you should be patient because you can't always buy at low price just like you can't always sell at high price. Dealing with the crypto market is complicated especially for new investors.

It is true that bitcoin investment needs to be in a long term for one to be able to make profit from it,  and anyone who cannot sacrifice his time and money and endure while he is growing his investment wouldn't be able to be successful with in this type of investment. There is no investment without risk but for you to have it in mind that you are piling up your money in bitcoin because you see it as a store of value and an hedge to inflation will motivate you to keep your money in bitcoin for a long period of time.

Come to look at it from this angle not just saving your money from depreciation, your bitcoin can also generate profit for you in the long term, isn't this great rather than thinking that you can make quick profit from bitcoin when it isn't that easy to achieve. C'mon there are so many potential attached to bitcoin that should make you have some fractions of bitcoin that you wouldn't like to sell but keep it for many years so that you can have that joy that you have a bitcoin investment. Shitcoins can't give you a good feeling if you invest in it, when you know what you are doing because you might wake up one morning at itsvalue has turn to zero.  Shitcoins are like magic, because it is fast rise and fast fall.

I have to agree with this, many of the newcomers have been given bad narrative of what bitcoin is, if you check social media and will see many people spending anyhow and when asked on what they do most will tell you they are into crypto and that has made many people believe that there is excess money in this space. Yes we can’t deny the fact that when you invest into bitcoin you will make profit if you enter the market the right time and exit the right time, but that still doesn’t make you that filthy rich. The time where bitcoin in particular has high volatility to cause huge price rise has passed, the best one could get now is probably a 5x during bull run.

Where high volatility is now is the Alticoins, I wouldn’t deny the fact that most of them shitcoins could easily do a 1000x but is the risk worth taking i would say yes if you don’t value your money.


Even if you invest a lot of Time into bitcoin your investment will grow respectively to how huge you invest but making you filthy rich is something i would say you can’t get from bitcoin. What is most assured is your money invested into bitcoin will never go dust like shutcoins

Expecting significant riches with bitcoin is something what filled up peoples' mind 2017. Bitcoin may not offer the explosive wealth-building potential seen in its earlier years. it acknowledges Bitcoin's potential to positively impact net worth, but still beneficial contribution to one's overall financial portfolio. This perspective emphasizes a realistic outlook on Bitcoin's current role in wealth accumulation.

But seriously, it's not bitcoin that makes you rich, but it's your work / effort to gain profit from bitcoin's fluctuating price. Bitcoin is a just work area. :D

Well, if I'm going to analyze that it will still conclude that Bitcoin can make someone rich.

Maybe I find it different from what you think of it as a work area but bitcoin is the same just as other assets that have made a lot of people richer.
It will depend on how we're just going to be wise and spend the profit from there. But it is not undeniable that someone can be wealthy with Bitcoin if accumulated and held for a long time.

The time has long passed when btc was a get rich quick kind of asset. Those early btc adopters had the opportunity to make good money out of their investment.
Those who weren't afraid to take risk got rewarded for their courage, most people back then did not believe in btc let alone hope to make money from it.
Short-term quick money is no longer associated with btc investment, you can only find that in alts and shitcoins. The only way to make good money from btc is long-term.

Bitcoin can't make you rich quickly, but it will if you know how to manage it long term. That is the real challenge of bitcoin, hodling it long term despite of the high market volatility, without falling to the market and get bothered and panic until you decide to sell lower from its entry price.  And those who successfully overcome the risks in hodling bitcoin, are definitely the people who can create a good boost to their net worth.

However, with the present price of bitcoin, its not surprising if you end up being rich in the coming bull run, as long as you start buying your bitcoin when the market is still bearish and decide to sell it when its new all time high has been achieved.

In fact, this is already very basic general knowledge. However, in practice, many people or especially beginners are more interested in things like this. So, they come to Bitcoin just because they hear that they can get more money or get rich quickly by investing in Bitcoin. No matter how much education we always give them, sometimes they ignore it and only focus on one thing, getting rich quickly from Bitcoin. Moreover, what they see is the success of many investors in this business. Plus various promises from affiliates of platforms, influencers, etc. which of course only provide sweet promises that are extraordinarily brilliant and convincing without explaining the risks.

This is actually very dangerous, especially for beginners, because there is misinformation or inaccurate delivery of information. It cannot be denied that Bitcoin is a very worthwhile investment, but that doesn't mean you will get rich in a short time, especially overnight, unless you really have a lot of capital and are very lucky in at that time there was an extraordinary price increase. But in reality, the Bitcoin market is not only about rising prices but also falling prices. So we have to be smart and wise in every decision we make and also set expectations. We need certain process to get there, not the instant one with very high process.

There are still many people out there who buy bitcoin because they read the news that the price will rise quickly this year and some other FOMO news, if they are patient then they will definitely be able to make a profit but if they are impatient, they will definitely immediately sell bitcoin because they feel that Bitcoin is not really for making rich quickly.  Satoshi created Bitcoin so that people can protect the wealth they have because inflation happens quickly and suddenly but Bitcoin will not be affected by inflation, that's what makes buying Bitcoin the best way for someone to protect the money they have from inflation instead of getting rich in short time cmiiw

These have been discussed a lot on the forum, but still, we are struggling to understand Bitcoin movements. The main problem is that we don't have enough knowledge about Bitcoin, and we always consider it an investment opportunity. If we know the goal behind Bitcoin creation, then we may be aware of how Bitcoin works. Still, many people compare Bitcoin with the Ponzi scheme, which is totally wrong. It's just due to a lack of knowledge. However, we have to invest that we can afford to lose. Bitcoin is a highly volatile cryptocurrency, and we may need to hold it for a long time to get profits from it. If someone is looking to become quick rich, Bitcoin isn't for them.

Well, I believe that Bitcoin can still make many people rich who are into the field of trading because the volatility of Bitcoin is still better than many stocks and the ones who are good at Bitcoin trading can still earn substantial amount of income from it. But, I agree that anyone who still buys Bitcoin and hold it for 2-4 years may not get rich because the price won't grow as crazily as it used to grow.

Even the early Bitcoin investors and adopters took time before they became rich with Bitcoin, which means it is not a get-rich-quick scheme because you need to invest and wait for a long time before you can get a profit from the investment.
The way people get introduced to Bitcoin is what makes some of them think that they can quickly make money from it. When people who are already into Bitcoin investment are explaining how it works to others, some of us do tell them that that is the only investment that can earn you money with less risk, which is one of the main reasons many newbies come with the intention of making it big quickly through Bitcoin investment.

Compared to the past things have changed much. In the past quite often we can see people getting caught into traps and losing their hard earned money. The awareness people have got through different ways have made it better than before. In the old days myself have got trapped into multiplier schemes, and I'm not aware of those things and I don't have the understanding. Just on going through the testimonials had a try and lost money. So, better learning keeps us on the safer side as the volatility have got the ability to make you reach the peak as well as push you down to the bottom.

Future trading is a risky type of trading that requires a lot of experience, so I don't see how that can be a get-rich-quick scheme. They have to do the work and take the risk. Get-rich-quick schemes are advertised as investments with zero risk. There's no experience needed and profit is 100% certain. That is why it is usually a scam because there's no way you can call something an investment if it carries no risk. How do you define investment without including profit and losses?

To me, bitcoin is a get rich faster scheme than other traditional investments like gold or real estate but it is not an investment that can make us rich overnight or in a few months . People who think bitcoin can make them rich quickly are mostly newbies and they are not wrong. Because they like us, lack knowledge and understanding when entering the market, so there will be such misunderstandings. Over time, they will gradually realize that things will not be as they think and they will become more mature. Instead, we should not criticize but help them understand that.

they will learn fast that this market is not their path to get-rich-quick scenario. once they are in, for sure, they will be confused on why they are not getting the profits that they want. in time, they will understand that there's more than meets the eyes in this market.
a lot of new users for sure are jumping on this market for that mere thought of getting their riches. we can't blame them as those have been portrayed countless times in social media and other clickbait videos of online scammers.

Bitcoin have served as a quick rich scheme for few people around the world. This had happened out of their better understanding about bitcoin and the technology. Because of the same they kept hold of the bitcoins from the earlier days and made themselves rich. Some even got lucky to make themselves rich out of bitcoin. Even now it isn't late, just on someone had made themselves rich we shouldn't expect the same to happen for us. Our responsibility is to learn, understand and move forward. We can be successful in the long run.

This mindset often occurs. Even though basically, Bitcoin is volatile, it goes up and down easily. Indeed, sometimes during a bullish era, the price of Bitcoin can rise very quickly in one day. And if you have large capital, the profits will of course also be higher. but the problem is, if the capital is large, automatically, that person is already rich, right? So, the mindset of wanting to get rich quickly doesn't apply here. Well, the problem is if we have small capital but hope for multiple profits and to get rich quickly, this is certainly difficult to happen. unless it is a scam scheme to attract he victims.

Although I know that sometimes a miracle can happen because of really good luck, and nothing is impossible. but if we look at the usual and normal conditions, this is indeed difficult to happen. So, instead of giving these people very high hopes by saying yes you can, it's better to just tell them the facts. that investment in Bitcoin is not as smooth as expected. There is a process that must be passed. Of course, this process may not be easy. Moreover, if you want to invest in Bitcoin, make sure that we understand all this first, so that we can also set reasonable and realistic targets.

I think the major problem is the people who introduce the newbie to Bitcoin for they bud their understanding and believe in the cryptocurrency market to be a quick-to-rich scheme without telling them how the market works and the chance of making a loss if care is not taken.

While it's true that Bitcoin has a strong foundation and long term sustainability but it doesn't necessarily mean that investing in altcoins is  pure gambling. I accept that some altcoins indeed follow a pump and dump trajectory track but it's essential to acknowledge that not all altcoins doing same thing. most of altcoins working on long term roadmaps, innovative technologies, and trusted teams who working on real utility and adoption but problem is that we enter into altcoins without researching while Investing in these projects requires deep research to identify those projects with potential longevity.

Bitcoin is not made for quick profit. If anybody have a dream to become millionaire in one day or week then go for gambling or ponzi scheme but I am 100% sure you will loss your capital also. Bitcoin is good competitor of no risk asset like Gold, Silver and real estate investment and whenever we talk about quick profit our means is, better and fast return then above mentioned assets because Bitcoin is secure, easy to use, cheap, more volatile and biggest unique feature is decentralization.

Usually, newcomers jump into the Bitcoin world because they've heard stories about friends making quick money from trading. They dive in without thinking about the challenges, only focusing on making a fast profit. Many people misunderstand this. Even though traders don't wear uniforms and ties, it doesn't mean they lack education. In trading, a mature mindset is essential, and every decision is driven by sound reasoning and facts.

Time often falls victim to misunderstandings about Bitcoin investments. Due to its volatile nature, people tend to think of it as a quick money-making scheme, which is far from the truth. The simplistic notion is that if trading Bitcoin brings significant profits in a short time, then many people worldwide should be wealthy by now because trading Bitcoin is perceived as easy.

This misconception is also fueled by promotional methods that entice newcomers with the promise of quick gains from trading.

If anyone told you about big profit from trading, but did not tell you about risk or loss from trading, it does not worth to take it seriously.

Because trading is risky. More people lost money to trading than gained profit from trading. The market and trading are zero-sum games. There are more losers than winners so if the minority of participants in the game are winners and they won big, losers had to lose big.

DYOR is what all people have to do for their money, investment and risk management. It is so stupid to quickly believe in anything without Doing Own Research.

Investing and trading are all very challenging and not all people can practice investment or trading well to gain profit. The most common requirement is knowledge, patience to stick with plans and avoid panic, FOMO.

Without good control of emotion, without good discipline, a person will surely fail in investment and trading, with all kind of assets, not only with Bitcoin.

That's simply not true. The main use of Bitcoin today is as an investment and P2P use is in the minority, more and more, and with the regulations that are being implemented and the increasing KYC, it is going to be even more in the minority. The legislations, except in El Salvador, treat it as an investment in which you have to report every transaction you make to calculate the potential tax to be paid. That's why many people use CEX, to have everything clear and transparent to the authorities. As of today, it is far from being a cash P2P and less and less.

In my eyes bitcoin is a digital land invest and forget about it for at least 5 to 10 years and then get a big return for sure.

Many people think like that, so they think that with Bitcoin, they can quickly increase their investment many times over. maybe for some people, they entered at the right time, namely before the bull market, and felt that they did it in a short time. However, in reality it takes an undetermined amount of time to get that moment. In fact, some people hold the bitcoins they own for years to experience big profits. However, it would be wise to seek complete information about Bitcoin before making a decision to invest. Additionally, there are some people who thoughtlessly sell their assets, or borrow to try to profit from bitcoin.

Most of the new investors assumpiton about Bitcoin is that they think only by investing in this platform they can multiply their invested money. There are a lot of investors invest without any knowldge and when there is little price drop they can't hold on their investment. An investor should never expect too much from Bitcoin. When there is excessive expectation there will be more chances of loss than profit.

Before investing in Bitcoin an investor should have a good idea about several things which are:

• Market volatility
• Wallet security
• Advantages of long term holding
• Its future potentiality

An investor definitely will go ahead to realize his dream if investing in Bitcoin considering the above factors. One positive aspect of Bitcoin investing is that those who can hold their investments for the long term will definitely succeed by their investment.

Bitcoin is not supposed to make anyone rich. It's supposed to give some people the ability to survive the atrocious Central Bank Monetary policy and subpar global banking infrastructure.

I think no one is denying the potential of bitcoin as the only crypto currency which is consistently giving good returns to people but the condition is if one invests at a good time. The government is approving the Bitcoin ETF because Bitcoin is the king of all cryptocurrencies. If Bitcoin is taken over, all other altcoins will be taken over. I would disagree with you that all altcoins are scams or that investing in altcoins is gambling.

There may be some coins in altcoins that have scammed people, but there are still projects that are still running and people have made a good profit. Sometimes we get cheated by our wrong choice if we do proper research and invest then the chances of getting cheated will be minimal. Altcoins can't be compared to bitcoins because no other altcoins have the features that bitcoin has, but I don't think it's fair to say investing in altcoins is bad.

But we have seen that many people have succeeded in becoming rich by becoming bitcoin investors. This proves that bitcoin gives them the opportunity to make money from investing in bitcoin.
Even though Bitcoin has yet to be fully used to survive Central Bank monetary policy or banking, at least people can use the benefits of Bitcoin to change their lives first.
Later, when the government accepts Bitcoin in full, they will be ready with everything and can use Bitcoin as they should.
After all, it's okay if we don't use it as an alternative payment because bitcoin has not been approved in many countries.
And we have more time to make money from investing in bitcoin where it will be more meaningful for us so that we can accumulate bitcoin at times like now.

It's a simple misunderstanding that most newbie investors have that Bitcoin or cryptocurrencies can be used to earn life-changing amounts of profit in very short periods and the biggest reason for that is that they don't know much about them and have never done any research themselves, which is why they only have a limited knowledge about them and they have their thought processes according to the knowledge they have instead of the actual realities.

You will barely hear such things from a person who has substantial knowledge about Bitcoin and other cryptocurrencies because they know the growth mechanism and they know how much a cryptocurrency can grow in a certain period of time and it is only one's luck that might make them rich after investing a small amount in a meme coin or a pump-and-dump coin.

I guess this sums up what you said. :)

Bitcoin, like other investments out there, takes time to appreciate. Bitcoin is like any other asset out there it will take years before you gain some money investing in it. Of course, I'm talking about buying it, and holding it because it will be a different story if you are trading using Bitcoin, and you're currently profitable in it. All the people who are saying that you can get rich quickly using Bitcoin are all scams. Yes, it might be quicker compared to some other assets out there like the Stock Market, or the bond market, but it isn't as quick as "You will gain 100% of your invested money in a week or two." It still takes time for it to appreciate.

I just hope that all of the newbies out there who think like this will change their whole mindset because Bitcoin wasn't created like that, and it wasn't created as an asset in the first place because it was a currency. Nevertheless, follow what OP said that Bitcoin is like other investments out there. The only difference is how their price moves on a daily basis.

You thinking is probably wrong Bitcoin is not the way to get rich quickly. Only Bitcoin holders know the journey of getting rich and its they know how much hard it's to hold a bitcoin. Bitcoin is the safest way to earn by investment you don't have to risk your money and there is very low risk to lost your money. But it's need time for long time hold. If you want to reach quickly you can go for trading it's a risky way to become rich because you have to risk your money a lot but this is the way you if you learn it then it will make you rich in very short time. But if you want to rich my invest in bitcoin then you have to hold long .

That's one way to look at bitcoin, probably the belief that it's a get rich quick scheme persisted this long because bitcoin's growth came out of nowhere for many people, bitcoin wasn't in the radar of many people at that time that it was slowly growing so it's surprising for many, also have to include that there are scammers out there that are using bitcoin for their evil schemes and so they sell bitcoin to their victims in a way that you can become an instant millionaire or something like that so they can attract these people into buying whatever scam that they are selling.

That is a very wrong understanding of the people who tell beginners about cryptocurrencies so the effect will also be quite crucial when a beginner faces the risks and losses that befall him when he starts entering the market like anyone else. The people who provide understanding to beginners should be truly complete and comprehensive, starting from profits, risks and things that can affect the market as a whole in every year or at every moment. So that beginners who receive understanding from other people can make their own considerations when they want to go further into the crypto market.

That's the last thing people want to hear about making money, they don't like it, keeping their money somewhere with no access until several years later is like killing them softly, in this case it's why I don't pity those who don't have money, because they show that they are not ready to put themselves in whatever you put yourself into and yet they will come looking for help.

I will say that whatever will actually work out, be you your dreams or money will always take a long time, this is normal but people don't want to believe this is normal, I guess that's why they are poor, I have come to know that the reason why many people are poor is because of their mentality about Money, I don't see anything that gets you set for life if it's not investment.

They still don't want to believe it, this is why millions of people go for gambling, until they try everything in gambling and they lose everything, patience is a rip off for those who don't have it, because people like quick results is why they are easily manipulated, even by their own government and rulers.

On average, those who have big hopes for Bitcoin are only beginners whose knowledge is still far from understanding buying cheap and selling high. Investment requires patience and knowledge of reading candle charts and crypto news. Sometimes investments don't always run smoothly to get maximum results. It's the same as people in real business processes who have to go through every test

  Bitcoin is best the way it is. If you see it as fast money or get rich quick scheme, then, you've missed the reason behind it. Notice those looking for get rich quick scheme eventually “get poor quick". This happens because they never get to learn about it and are only concerned about how to double it. I'd suggest you look up Gsrtinvest. Understand the differences between this and a get rich quick scheme platform. You should work on getting rich steadily and not quick. A lot of quick money don't last. Except if you're a professional and scalping the market.
  Bitcoin isn’t a get-rich-quick scheme. It’s just that what you call “money” is a stay-poor-forever scheme. When you are poor, everybody else looks rich; and that’s what is happening with Bitcoin. What Bitcoin does is stay finite in number and gets minted in a predictable manner. The only opportunity you get to take advantage of it is by buying as much of it as you can and hold on to it tight. Obviously to someone who stays in the “stay-poor-forever” scheme which is money, something like Bitcoin is going to look like a get-rich-quick scheme since its so far outside the existing financial system.

I agree with you, the ideas to get rich quickly with bitcoin are mostly newbies and the main reason is that they do not have complete knowledge about bitcoin. I don't know about others, but I admit I also had that thought. When I first joined the market, I always thought I would get rich quickly with the volatility of bitcoin. But the longer I stay in the market, the more I realize that what I thought was just imagination, not real and not as simple as I thought. Since then, I gave up the idea of getting rich quickly and became more serious about my investments. Everyone needs experiences and lessons to grow, we should not be quick to criticize new people just because they have that mindset.

Yes, you are accurate in what you say about how bitcoin has been explained to outsiders. Bitcoin is an investment that makes people money, and when you make a profit on something and it's a significant profit, you also mean that it makes people wealthy. However, a lot of people don't know what bitcoin actually means, which is why some of them become confused. While alcoins may seem like an investment that makes people rich, the way they make profit is also how they cause people to lose money. Bitcoin is a long-term investment that you don't expect to make you rich because it is an investment that has the right time for sale.

Not that investing in Alcoins is a bad idea; I'm just trying to make sure that some newbies understand that, in my opinion, bitcoin is superior to Alcoins because, when you invest in bitcoin, you can hold your coin without worrying about anything. Many newbies view bitcoin as the way to go, but for them, investing in bitcoin is the best option because not everyone can bear the thought of losing money on something they won't be able to hold onto for very long.

There are several things in your "postulate", first selling at a loss is not bad, it is a trading technique and doing it at the right time is a skill of being a trader.

Which is the first thing that many new investors don't have, experience.  Then it is as simple as what was planned not working out and you use that strategy of selling at a loss that allows you to recover part of your investment capital, that's it, but for others it is savings recover.

On the other hand, you say that bitcoin is a normal investment, not really, it is on that path...

Finally bitcoin produces income every second, but some only wait for the ATH, simply purchase bitcoin and manage your investment wisely.

Bitcoin futures and other types of trading can be actually tempting for people who want to make a quick profit. But the question here is, how many of them are rich with this strategy? Because this kind of trading is extremely risky and can result in significant losses. As you mentioned, you're definitely right that CEXs offer convenience and accessibility that can be tempting for users but we should remember that these features come at the cost of user control. One of the downsides of using a centralized exchange (CEX) is that users don't have full control over their funds. If you're interested in gaining more control over your Bitcoin, one could consider using a non-custodial wallet because Self custody is one way to take back control over your Bitcoin but it also comes with its own set of risks and responsibilities.

It is common knowledge that
Investing in Bitcoin carries risks, and success isn't guaranteed. While some have made substantial profits, market fluctuations make it unpredictable. It's crucial to conduct thorough research and be prepared for potential losses before considering it as a strategy for getting rich. So whoever comes into this space with a mindset of getting rich quickly is in for a long drive.

It is good when we know how to take risk as a trader in the market. Those that have nit learnt the act of taking risk in the market might not understand how to do things and make profits from the market. Crypto is very volatile and if we don't know how to take risks for a good winnings then we might keep making loses often because we have nit learnt the art of trading and investing very well.
The market is unpredictable for those that don't know how to trade or how to know a good project to invest their funds in.

Can't really blame them because the mainstream media made the news of bitcoin's growth as sensational as possible so they can get more views no matter how inaccurate their reports will be, after all it's the sensational and controversial news that really sells right? I guess the only way that we can solve this kind of thing from happening is if we are to educate people too, make it known that you mess around with bitcoin and that you've made profit out of it, there you can see eager people wanting to learn more and instead of blindly learning bitcoin from the mainstream media, you being their other source of information makes it so that they can evaluate if they want to get into bitcoin or not, less chances for people being miserable because they've heard wrong when they've invested in bitcoin.

Get rich quick schemes are always attributed to as ponzi, and that is very far from what Bitcoin is. Unfortunately, the get rich quick mentality is cause by those people who sell the wrong idea of Bitcoin. Recently, I was in a gathering and someone mentioned Bitcoin, and another claimed that Bitcoin did him dirty. He sounded like someone who bought with a lot of money but hodl-ed for short. I’m guessing someone told him he could make money quickly from Bitcoin and he rushed to invest with the mentality that he may buy a house overnight.

Bitcoin can be hyped though; anything can be hyped. I mean… if shitcoins are hyped to the moon, what can’t?

Beginners who fail to know about Bitcoin with big ambitions will only lose money, making that person have a negative mindset about crypto. even though if a beginner learns basic material about the world of crypto, they will not easily be carried away by the current of imagination that only thinks about the sweetness of getting easy money. On the other hand, you can earn side income

I didn't get you mate, what wrong impression have I given to people when we both know that people see bitcoin more of an investment than using it as a p2p payment method. Mate be realistic here, how often do you use bitcoin for payment of goods that you are sounding as if it is a bad idea to invest in bitcoin and hodli. Have you noticed that currently bitcoin is outperforming other assets that has being in existence before her.

We all have our different purpose of buying bitcoin and we have the right to do whatever we like with our bitcoin. Bitcoin was created as a decentralized currency that uses p2p payment method but currently it has been seen as a commodity because of its volatile nature, so how has that been my fault, when I am not the one that started it first. and there is nothing you can do to stop bitcoin from being an investment and also a currency. Learning the primary of bitcoin doesn't stop you from investing in bitcoin while learning because it is a wise decision.

So many low income earners are buying bitcoin as an investment or as a store of value and not because they want to use for an alternative payment method. We are in a community with people from all over the world, and some people in their country, bitcoin is banned by their government, so are you trying to say that such people shouldn't invest in bitcoin and hodli till when the government uplift the ban on bitcoin.

Not everyone will have that patient to hodle bitcoin for very long term and time to reap it. And there are two groups of people can hodle bitcoin. The working class and peasants. The working class can hodle bitcoin for a very long time and still have that patient to holds without asking but the peasants who are the farmers and other hustlers in the street can not hodle bitcoin for a long term because they are only doing work and eat jobs so keeping their money for one place will affect their plans in life.

And that is why must of them still think that bitcoin is a get quick rich scheme base on their financial status in life. But the best way is the long term so if the peasants can endure to hold bitcoin for a long time then they can change their lives and live happily. But how much is their investment is an another big question.

Trying to tanish AltCoins is like you a Bitcoinare building a competitive marketing strategies against AltCoins.
I would take this as unworthy or uncrowned racing because Bitcoin has been the first bearer or coin in the crytop space which has kept a profitable reputation that AltCoins was imitated.
I learnt first product in same kind is always worth the original and reliable while others that comes later are after of personal interests and not offering the exact qualities it was preached/advertised about.

Bitcoin is basically accelerating on its paths of creating better impacts to profitablities towards it's investors while AltCoins are leaned on to take its step only after Bitcoin so why don't you all investors embrace the originality and reliable sectors of your endivoirs (trading)(Bitcoin) with its potential evolvement considering profitablities to its investors and paving chances to accommodate willing investors to get into the industry (Bitcoin) through its high volatilities with a highly contractions with the Blockchains.

 Yes. Bitcoin is not a get rich quick as there's no such investments that would offer quick profits, unless if you are dealing with a scam one. However, with the bitcoin hype that most of the crypto influencers are doing to trick people and easily believe that it could be a get rich quick investment, then its not surprising that until at the present time, people who have just heard about bitcoin will still see it as a get rich quick scheme, especially that the government is also imposing the same idea.

But to be honest, bitcoin could be the most valuable investment that is capable to give you highly exceptional profits, that is if you maximize accumulating bitcoin in your portfolio. The profits after selling will eventually turn you an instant millionaire, one fact that other types of investments are not capable of doing. 

The growth of Bitcoin gives a view of being rich in a short. The reality is different and some people had turned rich through bitcoin. This had happened out of luck. We need to learn more about the factors connected with bitcoin, that push the price up and causes drop in value. It is really tough to make the predictions based on it. As said there will be more scams and different approaches of making you rich through bitcoin. It is our responsibility to find the right one and invest than getting caught into the traps.

Those newbies who were disappointed in their bid to get rich quickly bought Bitcoin at the peak price consequently dump it when it price reverses or pull back, some people thinks that everyone involved in Bitcoin will be rich without considering the fact that investment in Bitcoin is a long term project not a get rich quick scheme, in the wake of COVID-19 price of Bitcoin dumped smart investors bought and accumulate during that period thereafter in the aftermath of the pandemic price of Bitcoin pumped massively investors who bought during pandemic sold part or all their assets and made some reasonable amount of profit all  these are based on long term perspective and a thorough research on price behavior or action of Bitcoin.

Of course, we are familiar with hearing people say that investing in BTC is a way to get rich quickly, even though if you look at the reality investing in BTC is not an easy thing, because investing in BTC requires a process of patience and you have to invest for a long time because if you invest In BTC, with a short time, I think it will potentially be difficult to fly high because of course BTC requires a process to fly high. and usually beginners think it's easy, and they only see the success of a BTC investor without seeing the struggles of a BTC investor before being successful.

So of course BTC is not a get rich quick scheme, but by investing in BTC we have hope, rather than having no hope at all, and what is certain is that only money that is ready to be lost should be invested in BTC.

but short-term investing in BTC also doesn't rule out the potential for big profits, but many people invest long-term which always produces big profits.

Indeed, there are some people who invest using Bitcoin and they can become rich by owning Bitcoin, of course they can know the right situation to buy it and can hold it for a long time and they also use a strategy in collecting it so they can get a profit from the investment they make. what you say is true, it is very difficult to predict the price of Bitcoin well, so we must remain careful in making investments because we will experience losses if we make the wrong investment decisions.

For those who start investing in Bitcoin and they think they will be able to get rich by having lots of Bitcoin, but they don't have the knowledge about how to collect it and also how to make a profit, of course they will experience losses from what they do, so it is important for anyone Those who want to start investing in Bitcoin would be better off having good knowledge about Bitcoin so they don't experience losses from their investments.

I still wonder why in the eyes of some persons in the public they still try to see bitcoin as a get rich quick scheme, in all my life, I've hardly come across a situation where getting rich is been made quickly, for everybody that has one way or the other gotten rich, it is as a result of hard work and consistency, so it's abnormal to say you want to get rich quick because if you do try to get rich quick, you might not be able to maintain that success.

Some people that did not understand bitcoin well refer it to like gambling, they take some of these coins as an odd that if you invest in them they might fail or gain high; this has mislead most newbies because when they hear some people saying they make 10-20x of their investment through altcoins by luck, they think it is the same always, which is why they come with the same mindset to invest in bitcoin and expect high return within short period of time.

It all depends on how much you are willing to invest in Bitcoin now and it is obvious that such an investment will not make everyone millionaires. It is very important for Bitcoin to take its place, that is, to become useful for the mass consumer. It is now obvious that with such high feeses, Bitcoin is unlikely to be used as a means of payment for everyday purchases, and it is not clear whether Bitcoin can become an attractive investment for the mass consumer, like gold, for example.

This should be the first lesson every newbie should learn as this is usually the source of the problem mam people have. As soon as someone develop this mindset from the beginning, the process because turbulent for him especially during periods of consolidation or downtrend.

With a sound understanding of the fact that Bitcoin requires patience,  then the pain of bear market will be less a problem.

Bitcoin is a form of investment, and like any other investment, you have to wait for some time to get a good return on investment. Now, you can not become rich with bitcoin investment; it will only increase your net worth. If a person had invested in Bitcoin 10 years ago, the scenario would be different.
You can significantly increase your net worth if you invest in Bitcoin for the long term (10 years, at least).   

With the lack of education about crypto investment, anyone can fall into such thinking and promises --easy money or quick rich scheme. But for now, it is not an easy win for scammers because most people are already aware of it, and with their experience in the past it thoughts them something on how to choose the right investment and which one they will trust.
Before, many people made wrong assumptions about Bitcoin but it eventually changed as it went by and investors became more resourceful than leaving being innocent.

Bitcoin can still bring wealth to people these days if they have a significant amount of capital and can hold it for long periods of time like 10 years or more as you mentioned. But bitcoin cannot help someone get rich quickly or those who want to get rich with little capital, it is just a thing of the past and cannot be done today. But because of this, many new people have chosen to invest in altcoins instead of bitcoin but the results are not what they expected. They get scammed, lose money when investing in altcoins because no altcoin can become like bitcoin.

This is true buddy, your keys, your coins; my keys, my coins. That is why BTC is permissionless, you don't need my permission to do whatever you want with your coins. My point is just that, it would be better for newbies to learn about the BTC network first, before they learn about how to make money from it because of volatility. If the most popular idea that people hear is how they can become rich by buying BTC, they'll not be able to tell the difference between BTC and a ponzi scheme.
I am in no position to tell anybody what to do, especially in a permissionless network. The point here is just for people to understand the primary purpose of BTC, before the secondary purposes. Cheers!

This is a good piece, most people going into crypto investment have this get rich quick mindset and that’s where the problem comes in. Taking your time to study the market and have an in-depth understanding of what you’re about to do is very key. I’ve been able to achieve a lot due to the mindset i have. Most times before buying I do a good TA and follow the analysis to buy and I'm always on the right track, I also save my assets with the Bitget Shark fin product and make 7% APR interest while I still hodl for more profit.

Bitcoin requires patience and time. You're right about Bitcoin's 10-year capital accumulation potential. The race to riches may disappoint those seeking instant cash. However, Bitcoin's investment worth remains. As a crypto pioneer, its endurance and durability say much. Altcoins promise new opportunities, possibly the next 'Bitcoin.' However, crypto markets are volatile and unstable. Alternatives to Bitcoin are riskier due to their weaker structure and community trust. Different altcoins may thrive, but discernment is crucial. Research, risk evaluation, and financial goals are needed to invest in Bitcoin or altcoins. Bitcoin is still a staple in the crypto world, but its not a cure-all. Finding balance and understanding risks and benefits is key.

If you want to get rich from Bitcoin, you must invest for a long time. Don't expect to get rich quick from bitcoin, if you expect to get rich quick from bitcoin you have to deal with maximum risk. That means you have to trade which is highly risky. It's like a complete gamble. If there is a profit from here you can make a lot of profit and if there is a loss then you will lose your entire money. So don't rush, invest in Bitcoin for long term, you can earn a lot of money and risk is very less.

Bitcoin is not a get-rich scheme. It is a decentralized digital currency that operates on a technology, blockchain. The value of Bitcoin can fluctuate immensely, and some people have made significant profits from investing in it. It also carries a lot risks, and the market can be volatile. It's important to do the necessary research to understand the risks before investing in Bitcoin or any other cryptocurrency.

Can bitcoin make you rich the answer is yes. Because there are many examples of it around you. Of course it requires hard work and struggle. For this one has to face a lot of mental stress and losses. But it is not that working on crypto you will become rich overnight. This is the name of a continuous struggle.
Bitcoin Trading, Mining, Stalking These are the things that are done on Bitcoin. These are all very good. But earning money from them is also a risky job. And sometimes it is facilitated by good luck.

The way some people present Bitcoin to newbies who are interested in the technology, that's what makes them feel that Bitcoin is a get-rich-quick scheme. For example, you might ask a newbie to invest in Bitcoin, telling them that they will make a big profit in the next bull market. They might invest the way you have asked them to, but they might not actually know what the bull and bear markets are. They might not be able to handle the volatile nature of the market. But for the experienced Bitcoiners, they're all aware that Bitcoin is not a get-rich-quick scheme; Bitcoin investment takes time for you to reap your profit.

This is very true. If a beginner learns about BTC investing via YouTube or other social media, they will definitely win
wrong information, BTC investment seems to be the only way to get rich. They will not get other information such as risks and even about wallets for storing BTC correctly and safely.

This is important for beginners to think critically and not be lazy about looking for information. Luckily we are in this forum because all the information about BTC investment is here, there are many beginners outside this forum who consider BTC investment as an attempt to get rich quickly without having to wait and be patient.

In the periodic technical table, the value of Bitcoin always increases. This is what makes many people more interested in entering crytpo. So their main motivation remains money. Maybe they get carried away by influencers, Reef searchers, with fancy advertising ads resulting from crypto-related activities. Even today there are still many people who display profits on social media. But they hide the losses they get.

This is what happened, and many people are interested in crypto offerings. Many bad people take advantage by cheating. Take their money and never return. This always happens, and new people are always the target of scams like this.

most influencers tend to exaggerate their experiences to attract people

they say the most extreme things like gaining profit quickly while it’s true that there’s money in bitcoin people still should learn about the fundamentals of bitcoin new investors usually just invest without bothering to learn how the market works they just know the price will go up thus they should put their money in it but if you ask them how and why the price goes up they might not be able to answer you


i started reading in here before i finally decided to put some of my saved money into bitcoin and until now i make it into a habit to check in on current events on the cryptoworld and seek for advices on how to approach my investments

Assuming you are asked to narrate the risks associated with Bitcoin, what would they be? It seems that their is a unanimous concensus to associate Bitcoin with risk even when there is no data to substantiate this risk and make it perculiar to Bitcoin. In other words, every investment has some risk associated to them but seems that of Bitcoin is so hyped that anyone new to Bitcoin might just think Bitcoin is a direct way of wasting money.

Just like many people have argued in this forum, the greatest risk of Bitcoin is treating it like a get rich quick asset. The moment you have this mindset, then Bitcoin will unleash the mother of all risk to you. On the contrary, those who see Bitcoin as something that needs time to grow and are willing to give it time has a different story to tell regarding the supposed risky nature of Bitcoin. A lot of them are living comfortably with a future well secured while many people are still beclouded by the fear of losing money via Bitcoin investment.

It is high time we set the record straight so we do not mislead new investors who might consider Bitcoin as their choice. For long term investment, Bitcoin is less risky than many conventional investment instruments.

What you’ve explained in the context of your post have said it all. There is no investment that can make you reach your goals overnight, if it happens to be so, then it is not an investment to invest in. No wealth or riches have lasted a long time when the profit is earned within a short time of investing. DCA method has proven to be the best form of investment if you’re investing for a long term, it gives you the opportunity to accumulate more at the comfort of your money without stressing you into investing not at will.

The mind of every investor must be prepared they are committing their money to what they would have to leave the money for at least a year, if not years. With this mindset alone, the investor would have written off the fast money-making mindset away from Bitcoin. Bitcoin is an asset just like any other asset and even if anyone preaches a get-rich-quick scheme of the coin to anyone, I expect the person to do their own research to know what this is about and get to know how to work with it and around it. What makes people suffer more fraud and disappointment is the inability to learn, and if you can't learn, you believe everything they tell you even if it would hurt you, so I blame the investor in this case.

However, what I commented about is for the investment part of Bitcoin. If you are such that could take Bitcoin further in trading, you can actually get rich quicker than you thought. But this is not applicable to all, it's applicable to a few sets of people that can know how to trade well. The trading aspect of Bitcoin is an ever-paying aspect that I am a witness to. But still, patience is needed because you never know if it would work for you or not.

If you're a long-term investor in Bitcoin BTC, then most probably you will only need to wait for a maximum of 4 years and you will be in profits in your investment. If someone has been the worst luck person who invested in bitcoins at all-time high at the peak of the bull market, he would only need to wait another 4 years, so bitcoin completes its 4 year bitcoin halving cycle, and he will be in profits again.

Unlike investments in real estate or stocks, where one has to wait for decades for the prices to go up, bitcoin investment is still the most beneficial investment. Though it should not be taken as a quick rich scheme, but still, it can still give you the more quick profits. Suppose you invest in Bitcoin now, you only have to wait for another year or 1.5 years to see Bitcoin 3x-5x from the current prices.

So many wrong information posted on social media sites and in Youtube so if they always go with that platform and will not do any verification regarding on the information they read then provably they will get a wrong info which can lead them in more risky condition. That's why aside for seeking information on those platform much better if we also do double checking so that we can check if the information shared by those videos is real and not created for the sake of hyping those crypto created by scammers.

Its really important for newbie to think critically so that they would not fall on wrong promises to easily get rich also to verify those information stated as valid one and not those randomly given since this will not result to any good to us.

I agree with you , bitcoin is not an investment that will help us get rich quickly in just a short period of time like a few days or months. But if we compare it with investments like gold or real estate then it is clear that it is a get rich quick investment. Just to take an example if people invested in bitcoin at the beginning of the year at 17k, now if they sell their bitcoin they easily make x2 profit. This is unlikely to happen with gold, real estate will happen very rarely, but with bitcoin this is something that happens regularly and normally. So, it's probably not wrong to call bitcoin a get-rich-quick investment.

In the long run, holding would generate a more efficient profit than with DCA and partial trading. Well, day trading could make more money than with just waiting and holding for a period of time however you won't always be winning given that its market value is lacking stability and that there are sudden market price changes whenever there are news or anything which could affect the demand in this technology. But since we all have our own preferences on how would we maximize our assets, eitherway would be valid.There's really no shortcut to success and even if this technology have created an impression of a quick way to get rich, we should still base on daily progress.

 The time it takes for someone to become rich through Bitcoin varies widely and is influenced by various factors, including the timing of their investment, the amount of capital invested, their risk tolerance, and the overall performance of the cryptocurrency market. Some individuals became wealthy through Bitcoin relatively quickly, while others took several years or even a decade. Some of the earliest Bitcoin adopters, who purchased or mined Bitcoin in its early days (2009-2010), saw substantial returns on their investments. For example, Bitcoin's price was less than $1 when it was first traded, and early miners and investors could accumulate a significant number of coins. As Bitcoin's price increased over the years, these early adopters saw substantial wealth growth.
   It's important to note that while some individuals have become wealthy through Bitcoin, the cryptocurrency market is highly volatile, and there is a substantial risk of losing money. Timing, luck, and skill all play a role in achieving financial success with Bitcoin. As with any investment, it's crucial to conduct thorough research, have a clear investment strategy, and only invest what you can afford to lose. Cryptocurrency investments should be made with caution and an understanding of the associated risks.

Both investing for long and short time duration can be profitable but it depends on the person involved in the investment as when you have taken time to learn how to trade and mastered it then investing for a short while you'll always make profits and not losses while as if you have developed the habit of patience and decided to go hodl your investment, you'll also make profits so everything depends on the person involved in the investment. There are some benefits of investing for a longer duration and that's why it's been advocated by forum members.

When you Investment goes long term, you take out the mindset of quick gains which are very wrong to have as you'll be seeing Bitcoin as a hyip when you're only after the short term profits. Hodling gives you more advantage to make more profits than trading (or selling too early) won't give you. You also don't have to be actively monitoring the market when you're hodling for a long time but a trader has to put himself out in the market and get exposed to the volatility of the market that can make you to lose your investment. Investing are meant to be long term focused generally.

If there are people who think it's easy to make money or get rich with Bitcoin, it can be said that they have a misunderstanding about it; maybe the person they talked to or explained to them didn't really know anything about the concept of bitcoin.

Or maybe it was just hyped because Bitcoin was used as a front to defraud investors, so it is very important to know or learn to research first so they know what Bitcoin can really bring to people who believe in it, because if they know and learn the right method, they will definitely move their lives forward in the right process and not in the quick way they think.

Of course, getting rich with bitcoin requires a combination of many factors, but do you agree with me that bitcoin gives us the opportunity to get rich faster than other investments? If you agree with that, there's nothing wrong with some calling bitcoin a get-rich-quick investment.
Because with that amount of money and time, if you invest in gold or real estate, it will take 2 to 3 decades to become rich. But with bitcoin, it only takes you a decade, if that's not faster, then what is?

High profits mean high risks, everything is always proportional and I think every bitcoin investor is aware of that. There will be no investment that is both safe and highly profitable, including bitcoin.

Perhaps, it is a working strategy by most scammers that inject wrong information about Bitcoin. In this way, it drives the mindset of these innocent people that they will become rich instantly when investing in Bitcoin not knowing that every single mistake the consequences is huge, and possibly losing the entire money.

As we can see, a lot of people show interest in Bitcoin but once they start and see how the market works, many are quitting.

This is the reason why beginners never stop chasing from earning quick profits because youtubers continue to deceive them through feeding them wrong information.  Bitcoin as a get rich quick is an overstatement, yes it could make someone rich but it takes couple of years or a decade to make it happen. There's actually no shortcut to success, just like getting rich quick never exist, except if you are in an illegal drug business or any monkey business that generate huge profits.

However, with bitcointalk forum that provides legit and reliable information, the number of beginners who fall for that wrong concept has been minimized. But with greedy newbies in the market, they still see bitcoin as an outlet to become rich and wealthy, which I think is possible if you work on it for and continue to maximize given opportunities in the market.

If the analysis I made, why do ordinary people about bitcoin know Bitcoin as a scheme for rich quickly is because trading activities that use leverage such as Future trading, using dozens of dollars with a increase of a few percent can have a large multiple of profits.

I think this assumption is what concludes why people look like that, whereas in the fact that the spot investment cannot get tens of percent or hundreds of percent of their bitcoin, but with derivative products it can produce multiples that make a person able to make more money. Because however if you invest in Bitcoin spots we need investment with a long time to get a decent profit from Bitcoin.

This is the reason why it's still best to do your own research and educate yourself first before you will enter investing in the crypto market. Otherwise, if you rely on other people's say or ideas, they will find some ways on how to manipulate your way of thinking until you end up believing that bitcoin is actually a get rich quick. When that happens, your obsession for bitcoin grows that lead you to wrong decision making that will eventually put you at the losing end.

There's no real investment that is certainly a get rich quick. You have to put a lot of effort to make it work, but if you don't have the patience to wait, your success will definitely be put at risk.

If a 30k investment (basically a car) in 2023 can make me a 1 million dollar reward by 2030, I call that get rich quick.
7 years is quick, and hodling doesn't require skills.

Future trading can make people to earn big profits but it also can make people to lose all their money. Instead of being rich people quickly, it also can make people to be poor people in a day. I don't think future trading is a safe way of being rich quickly, it is almost the same as gambling. You gamble your money with crypto coins by trading future. It is what I can conclude from the future trading.  :-\

Spot investment? Do you mean spot trading?
Sure, spot trading is a safer trading type. Most people actually choose spot trading because it is safe and familiar for everyone. If you fail taking profits in spot trading, you can keep the coins and wait for the bullrun season to sell the coins. There are many options to do in spot.

Not only bitcoin but majority of investments are not actually get rich quick. The reality is there's no investment that will provide profits in just a blink of an eye. Everything should be worked hard at first until your investment get flourish and become progressive and profitable. Same also happens for bitcoin, you need to hold it for long term without getting bothered by the negative factors in the market that will affect the price and create a decline. Without patience, you will fall into panic selling and lose your expected future profits of your investment.

I should say only fools believe on bitcoin as a get rich quick. Even beginners have the idea that bitcoin is for long term investment, unless if they take it for granted and still insist that bitcoin could still offer them profits quickly.

But the one that contributes more to the wrong idea to new in bitcoin or crypto currency about they can earn large amount in short term or quickly is by those hype, many people or posters in different social media flexing their earnings in bitcoin or in other coins, they are showing how easily a person could earn in this industry without putting the context or the process they only showing the result which could give a hype to anyone that could see it and they will be urge to enter in bitcoin also, there's nothing wrong with that, many investors more opportunities but they are entering to something that the information they have is wrong or not right, we should stop flexing or posting our achievements in bitcoin or cryptocurrency without context or the process on how we get it, we don't intent to scared them about how difficult this industry is, we just want to ensure that they know how risky this is, to avoid losing investments.

This analogy is quicker to be compared when bitcoin was new. The word quick is subjective and anything that happens within the spna of 1yr doesn't happen quick. Getting rich quickly might mean someone who is unable to pay rent this month, being able to own house next month.

In a nutshell, bitcoin is not a get rich quick scheme and there's no investment that is get rich quick investment. If there is, someone should please point my attention to it.

  Scammers also take advantage of it to immediately plant in the minds of those who don't know about Bitcoin that you can easily get rich here if you believe what they say. And because of the difficulty of life that we are going through now, most of them still believe in these stories, or they are immediately hyped by the greed that enters their thoughts.

  But in reality, or the reality of life, it is not easy to earn or have Bitcoin in this industry because just learning Bitcoin is not easy to understand, and there are things that must be considered to understand it honestly. It means that it is not true that it is easy to get Bitcoin because you cannot get rich with it, and this is true in this industry.

Apart from that, some Bitcoiners too, who happen to be lucky to invest in Bitcoin when the market was already heading to a bull market, and because their profit never took more than 2 years to come, might see it as if that's how it's supposed to be, while they only invest when the bull market is already near. Those kinds of people can advise a newbie to invest and hold for a short time, and they will make a profit, whereas they do not actually understand how the bull and bear markets can last. Some people know that we have a bull and bear market, but they think it's only happening over the course of a year. So, they get the information wrong, and they also pass it on to other newbies.

That’s the sort of approach I like to see people view it from.
Not displacing the possibilities but realizing that it could happen, if it must. Not a must but, if it does happen, you appreciate it for the time it took and you as well is ever ready and willing to do even more time to archive your set goals for it.
Even at that, it never means you would have to take profit because you see your investment all reading in the positive. You could as well wait on it to take you through your future. Bitcoin has come a very short way to be all worked up about the profit your might have seen in 5-7-10years.

Understand that there are potentials, as much as you hope not to be greedy, as much as you hope not to lose and as far as contentment goes, don’t let lack of patience or the merry you hope to merry today withhold you from that which you could achieve. be patient and let it continue to unravel in your life time.

Bitcoin is not a get rich quick scheme. People who think this can be said to be absolute are very wrong. Because bitcoin is an investment asset that is better invested in the long term. Because all this is clearly known, large increases in bitcoin prices usually always occur within a period of 4-5 years. This means that it is clear that the thoughts and opinions that say Bitcoin is a get-rich-quick asset scheme are completely wrong. So if people are going to start investing in Bitcoin but have such thoughts and opinions, they should change them as quickly as possible. Because if they don't change this, it could have a bad impact on the bitcoin investment they are running.

If there is an investment that provides quick profits, why don't many people who have a lot of money get involved in it, that means understanding about investing quickly for profits is still a mystery that doesn't yet exist. Profits will be proportional to the capital we place and that is the simple logic for making profits in Bitcoin because when the capital we have is small the profits will never be bigger. Long term and short term are equally good once you understand how to do it and DCA is more focused on people who don't have a big budget to get involved.

Bitcoin will not provide a way for you to get rich quickly, but Bitcoin can improve your financial income level for the better. The method is done correctly and without ignoring the risk of price fluctuations because many people actually suffer losses due to panic and not investing based on correct knowledge.

The first information they get about Bitcoin will greatly influence their thinking about Bitcoin. If the information they get is that they can get rich with Bitcoin, of course, they will hope to get it quickly, but if the information they get is about Bitcoin technology and the future of Bitcoin, then of course that is what they hope for will be a variety of not only profits from price increases but other potential that can be obtained, that's why someone who wants to tell his colleagues about Bitcoin must convey the truth, not only the profits obtained but also the very agile price and the importance of security in storing it.

After several bull runs that happened in the past where BTC holders became richer by posting wallets on their profile, it's usually the information they get. But I don't see that as negative, investors are usually what they aim for. It's to make money out of investment as BTC is an asset.

We may just look at it as negative because usually, get-rich-quick schemes are scams.

Don't worry because those people that keeps saying they can be instant millionaire in bitcoin are those people that keeps losing in the future because obviously they don't understand what they are entering?
because if you knew what is this market and how is this capable for sure you will not risk your money Hoping to becoming rich person when you woke up in the morning because this is a complete stupidity.
yes we can gain bigger here but we can also lose super big if we are not in the right position and decision , because volatility keeps hindering everyone from their targets , instead this sometimes change course to what we expect and what will come our way, capacity to wait and hold long term is the best solution though.

For some newbie bitcoin investors they knew how progressive bitcoin's price is from the past more than 10 years and that gave them an idea to put their money into it hoping to make millions in a couple of years. These are the same people who have lost interests at one point when bitcoin was struggling to recover due to the prolonged bear season. Worst thing was they sold every thing out of the FUD.
I know a lot of people were desperate to get rich quick, but this kind of carelessness will do more damage than profit regardless of how promising the investment instruments are.

This is absolutely true. Those who are beginners or those who don't know about Bitcoin will definitely think like that because they will carry out active trading in Future Trading which we know is a get rich quick scheme and also a get poor quick scheme. because the profits you get are many-fold and it doesn't matter whether the price of bitcoin goes up or down. For me, this is like gambling, and usually people like this are impatient so they think BTC is a way to get rich in a short time.

Bitcoin is not complicated if you look at its advantages, and bitcoin is too complicated if you look at its disadvantages. bitcoin is a mutual cooperation financial system, investing in bitcoin certainly requires patience because usually the increase in the price of bitcoin will occur over 4-5 years. So those who want to get rich quickly in Bitcoin, it's better if they don't have to buy Bitcoin, because it's a big mistake for those who think Bitcoin is a get-rich-quick scheme.

But the reality is, sometimes the world of Bitcoin attracts new people who think that when someone gets rich quickly with Bitcoin, others come for that reason. It's indeed challenging to provide a basic understanding of Bitcoin when someone comes in solely for the profit gains shared by their friends on social media. The person sharing it on social media doesn't necessarily highlight the hard work they put in to achieve those results, and some see it as instant success.

It's not entirely wrong to view Bitcoin as a quick money gain, as it can be faster than investing in property or stocks. However, the problem lies in how people approach it, making Bitcoin not meet their expectations. They should understand the basics of Bitcoin first before making significant investment decisions just because they see their friends succeeding in the world of Bitcoin.

It's true bayu7adi that the stories about BTC investment are always dominant, but if you tell them about the bitterness and bitterness first, it will be even more interesting because it's possible that they will analyze it first and then after understanding how to enter and invest in BTC. But. If they quickly get the essence of investing in BTC, I think they will compete to accumulate it.

If someone invested a few hundred dollars in bitcoin 10 years ago and could hold on now, they would be a billionaire, so if bitcoin isn't a get-rich-quick investment, then what is it? Many people consider it a get rich quick scheme, meaning faster than gold or other investments, what's wrong with that? We ourselves enter the market, invest in bitcoin, we are also looking for quick wealth, let alone people who think like that. We all expect a 4 year cycle and besides bitcoin, what asset can grow 5-10 times in 4 years?

The quicker you earn is the quicker you may spend so why need to seek for instant earning
when we can gain slowly but surely , some or most of newbie now entering this market to become an instant
millionaire but there is no such thing.(maybe in gambling there is but that is rarest than one in a million chances.

Invest and HODL that is what bitcoin can promise us and yes we are engaging with proper
way of earning and not how others wanted to be.

I completely disagree with you on this point of view. Not everyone who makes money quickly will spend it quickly and wastefully. Furthermore, no one doesn't want to make money quickly and become rich quickly. If you say you don't like to get rich quickly, you're lying because everyone wants that.

If you don't want to get rich quickly, why would you invest in this market and not gold or real estate? We all choose cryptocurrency for its volatility, as it can yield higher returns than any other investment. So there is nothing wrong in saying that bitcoin is a get rich quick scheme, I agree with what @bayu7adi said.

Yes you are right, this will really depend on how people introduce Bitcoin to them and how they respond to it, if they hear that by having Bitcoin we will get rich quickly of course they will collect it and hope they can easily become rich and they don't ask about how where to get rich and what if there is a loss in the process of collecting Bitcoin, so it would be better when we introduce Bitcoin to other people, we tell them about the advantages and also the losses they will get when they fail in the process they are doing so that other people don't who try it in the hope of getting rich but they can't achieve it and also the losses they get.

Social media narratives skew perception, leading to disappointment. Bitcoin is a groundbreaking technology based on complicated economics, cryptography, and network theory. The issue? Stories of quick gains tempt beginners to jump without looking. They fail to grasp Bitcoin's volatility, market dynamics, and technological advances. Bitcoin success, like any investment, requires knowledge, patience, and risk tolerance. Therefore, education matters. We must change the narrative from Bitcoin as an investment to a pioneering innovation. Doing so creates a more informed, resilient community that can handle cryptocurrency's ups and downs.

What you say is true when compared to other investments, BTC can become rich if they study Bitcoin properly and correctly. Maybe more precisely, Bitcoin can make people rich if they maintain it and are patient. If Bitcoin is a get-rich-quick scheme, this is just wrong because BTC investment is not like that, everything requires analysis and process so that we can get big profits in the future.

Many out there, especially those who are still beginners, view Bitcoin as a quick way to riches, so when they don't achieve what they want they will say Bitcoin is a scam. In essence, no investment is a get rich quick scheme, it all requires time and patience.

I think most newbies misunderstand bitcoin because they fail to do research to get proper understanding of bitcoin and how the market of bitcoin works, they think Bitcoin is something very easy that anyone with no understanding can just start investing and making profit from it very fast. Bitcoin is a longtime investment and the only way good pro an be earned is to hodl. I think newbies needs to make research about before they start investing in it,  because I think if people get understanding to know that Bitcoin is about hodling they will have this in mind and never to expect quick money from bitcoin. Most newbies always have this mentality of making money so quick from bitcoin just because they do not have the real information to know how it works.

The mentality of wanting to get rich quick with any type of investment is a barrier that makes a person unable to invest properly and correctly.
Bitcoin is a good investment for the long term.
Beginners do need to do research on how Bitcoin works in the long run, but there is no need to do thorough research on how Bitcoin delivers results in the long run.

Seeing how the Bitcoin cycle is going when the halving is about to happen, now is a good opportunity to buy and keep holding before the Bull run season arrives.
The more you hold, the more profit you can get.

it is wrong because with that plan of making your money early you might even loss your money in despiracy of making quick money instead of thinku-ing like that is better to use that mind set to understand the nature of bitcoin, before you invest because people that have that kind of mindset are not ready to invest in bitcoin, their qualities you need to possess before anyone can enjoy investing in bitcoin, bitcoin need patience and serious understanding of the whole environment, and the approach of individuals will give a result according to the approach. and a lot of people don't want to pay the sacrifice of learning the basic and in the absence of that basic they wont stay long in the business.

some people behave has if they are cars that are been operated they hear about bitcoin but don't know what it takes to invest in it, if you tell them about the bitterness of bitcoin majority of them will lose interest but because they always want to hear about the interesting part were they will say you will make enough money and bitcoin is not like that it involves a lot of mental work so beginners should not just think its a game were you come and you start making money it is not done that way, and is not far again for does that are seriously interested and are still contemplating weather to invest or not halving is here.

Don't expect to get rich quick with bitcoin, only novice traders think about that as they are eager to make immediate profits but their knowledge and experience are not sufficient enough.

Bitcoin may cause you mistakes and losses at first, but if you are persistent enough to take the risk and overcome those mistakes and losses, then it's certain that bitcoin in the long run will make you rich and make your finances stable and secured. The only problem with bitcoin is how to get it started, but when you're already in the process of reaching your goal, getting rich is not actually a problem since that will be the final destination if you are not a quitter with bitcoin.

People reason it from that way because of the way they think of the innovation (Bitcoin). Ponzi  schemes have taken over the world so whenever a good project came out, people will be thinking that it is one of the ponzi schemes until it proving itself genuine in the internet. And it is not Newbies are victims of this Ponzi schemes but those who have been scammed by these fraudulent people are still investing in those ponzi schemes. And if you tell them not to do they won't listen.

There's no long talk about this, you can't invest on Btc and expect your profit to come quick like Minato  flying thunder God technique (Naruto). You just got to hold, and sell at the right time. Because no matter the corrections Btc undergoes it will surely rise back.

This idea of getting rich quick derived from some people actually being able to do that. I have met with people at telegram that literally ended up getting rich by doing the most idiotic things. I may agree that bitcoin may not, but altcoins are "get rich quick scheme"s at the core. I mean we are talking about things and places that has been doing something for a long time and not doing it right neither and sometimes still gets lucky. All in all we can't really end up expecting much from this situation, some people will just go for it and we need to just accept that some people just do that. Maybe we can try to stop them, but they will not listen and they will do whatever they please.

What surprises me at times is that some of them can actually prove to be a genuine project that has come to stay, but along the line, things could end up not falling into place for them because they might have planned it, and it will just cause them to disappear, abandoning the project. That's why we see countless tokens that are listed on Pancake Swap and other DEX but not trading volume. I just get scared of investing in altcoins because of those reasons. Some people know that altcoins can easily pump and dump, which makes them feel like they can get a quick profit from the crypto space. They may not realize that Bitcoin is not the same thing as the other crypto that they know.

I think it is not just pomzi scheme that is making beginners to have the mindset that they can make money from bitcoin so fast,  I think influencers and bitcoin ptomoters on social media don't tell beginners what they need to know about Bitcoin, they only talk about how profit can be made in investing bitcoin with no good explanation,  and this why some beginners misunderstand beginners.  This bitcoin influencers on social media don't tell beginners what they need to know because they just want to gain followers on social media which will earn them more money.

Yes, that's why basically the assumption of bitcoin can be said to be a quick rich scheme because some people assume that the future trading is considered as bitcoin provides wealth, yes we know that Future trading is a way to quickly be poor, maybe from many influencers that show multiples of their profits as Advertisements for their class, to deceive many people. Imo

Yes, you are right, about that, my intention is about the layman's response about Bitcoin as a fast scheme because there is such a trade, while in our spots we cannot benefit easily because we need to wait, at least one cycle if we want to get a profit reasonable.

I think you made some good points as I have noticed that people coming from Ponzi scheme background tend to see Bitcoin as a get-rich-qick venture. They are usually eager to see the profit and when it is not forthcoming,  they result to all manners of negativity.  Unknown to them is the fact that the beauty of Bitcoin is unlocked in long term holding.

Holding Bitcoin for long does not even cost anything so I wonder why many people have problem with that. It is the fastest way to make money that I know,  unfortunately,  many people want it so fast that they end up missing the bigger deal.

the way some people present Bitcoin to newbies can lead to the misconception that it's a get-rich-quick scheme. Overpromising unrealistic returns and downplaying the inherent risks of investing in Bitcoin can set unrealistic expectations and potentially lead to financial losses for those who are not fully informed about the market's dynamics.

it's crucial to approach Bitcoin with a mindset of long-term investment and a thorough understanding of its underlying principles. Bitcoin's value is driven by a complex interplay of supply, demand, and market sentiment, making it a volatile asset class. While there have been periods of significant price appreciation, there have also been periods of substantial downturns.

Remember, Bitcoin is a transformative technology with the potential to revolutionize the financial landscape. However, it's not a shortcut to wealth. Approaching it with a rational mindset, a willingness to learn, and a long-term perspective is key to navigating the complexities of this emerging asset class.

Instant profit is not easy to get in any field therefore if someone wants instant profit then I think don't waste your money through buying crypto asset as crypto do not offer profit to those who have no patience. People choose bitcoin because they have heard that bitcoin will offer them instant profit but actually this is not right information because few years waiting is must to become a successful holder.

Just buy bitcoin and then without touching it leave it and take information about just bear and bull market like as news about upcoming halving is spreaded all over the world so then learn how to take profit from halving. Some people have all the information regarding halving and bear as well as Bull season but they don't know how to take out their profit during that time so such lack of knowledge become risky for them and they miss out the advantageous offer.

You guys are apparently correct, most times many people get it all wrong by thinking that Bitcoin is part of those shit coins. However, we don't have to blame them at all because they are shitcoins or altcoins lover and mostly, there are many investors that have to see the progress of other investors and the kind of coins they invested on before they can trust the project.
However, long-term holding is not wrong, but many people that don't have patience and discipline can not hold their coin till dear life. Permission to say that the short-term holders are missing profits that they can not even think about.
If one can constantly buy coins worth $50 weekly and for maybe a year or more and hold it, I really think that the investor will ever regret it.

I've been in this industry since 2016 and I've yet to be rich by conventional standards. Goes to show that this industry's not about making anyone with half a brain be rich as what outsiders are trying to paint it out to be. In the bitcoin and crypto industry you really have to put in the work and the patience in order to reap the benefits. For crying out loud even the whales in the bitcoin network had to wait for more than 12 years to even reach this amount of money like jesus christ how "quick" was that lol.

This industry's fast-paced, yes, it pays well yes, its profit potential's higher than any investment venture you could ever check out for sure. but you have to make an effort and an initiative to make a name and a killing in this industry.

Bitcoin investment is not hard to understand and follow through with, aside from having the capital to invest which is not enough because you will also need the knowledge too to navigate the market , without the knowledge as a newbie you can invest wrongly and start blaming that it's a scam.

With the proper knowledge you would know when it's the dip and how to take advantage, it's surprising to note that there are newbies that can't in clear cut distinguish the dissimilarity between technical analysis and fundamental analysis, for all they are focused on is making profit not knowing that the secret to making profits in cryptocurrency is knowledge. Which is why they have to learn first before all else.

I'm not saying that bitcoin or cryptocurrency is a get rich quick scheme. But just because you joined in 2016 and are not yet rich, you hastily concluded that this market cannot get rich faster than other markets, which is not entirely true. In my opinion, cryptocurrency is like other financial markets, we get rich quickly or slowly depending on each person's level and skills. It doesn't depend on how long we are in the market, because there were so many people entering the market in 2020 and 2021, they also became rich.

Bitcoin is not a get rich quick scheme but clearly with its volatility it gives us the opportunity to become rich faster than other markets.

Bitcoin fluctuation behavior may be considered by many to be a get-rich-quick scheme, but in reality, to reach that position, one must take a lot of risk, which is not a get-rich-quick scheme for everyone. Some investors try to invest on the suggestion of others without knowing anything about Bitcoin and after a few days when Bitcoin turns bearish from a bullish movement, those investors panic and quickly sell that Bitcoin to cut their losses, thus they face big losses instead of profits. Bitcoin is not a get rich scheme for them.

But it could be a get rich scheme for those who know about Bitcoin and hold Bitcoin for a long time depending on its potentiality, but it depends on how much assets the investor holds.

Investing in Bitcoin is not a difficult task, people just need to understand the volatility of the market, it is something that is unpredicted.  When the market is being studied very well it is very easy for people invest in Bitcoin,  people  think they can become rich from bitcoin because they lack understanding. Bitcoin is a longtime investment that people needs to have patience to wait , some beginners always think that Bitcoin is something that they can start investing and get money immediately from it.

There is nothing like get rich scamm when it comes to cryptocurrency. If we are opportune to make quick profits from the market, that does not mean that it is a get rich scheme. It is good when we look for good strategy for us to make quick profits from the market.
The market is easy to trade and make profits if we have the capital and information that would enable us to get what we want from the market. The capital we have is what will attract us to the kind of profits we want to make from the market.

I don't find anything challenging in that if the person who has such a mindset for whatever reason is in front of you you can talk on one to them. Just tell them that yes, Bitcoin does provide profit on investments and it's sometimes quick as well, but it doesn't mean that you can get rich overnight or maybe in a week or in a month. There are possibilities of that happening when you invest in some altcoins that manage to gain significant value in a very short period of time, but that carries enormous risk since the odds of that happening are very tiny.

A person who is sensible and understanding can easily understand if things are explained in a good way. As you mentioned, people who share screenshots of their profits and portfolios just to flex don't realize that there are people who might take that differently and start dreaming without knowing the actual process behind all that.

When it comes to investment, people tend to overestimate their expectations vs reality- I mean, it is not bad to dream big or to think of earning huge amounts of money in a short amount of time. But the difficult thing is being consistent with all the investments.

Cryptocurrency investment (or BTC) is something that should be fundamentally understood by the person investing before taking action. People should be aware of its potentials due to its unique characteristic being volatile- meaning its price changes every minute.

I just hope that people who invest think that there is no easy way of investing- if BTC investing were that easy, then everyone would be rich now.

It can get you rich accept you want to hodl your coin forever but what I know invest in bitcoin can really give a good profit,  expecially buying from the dip . For people who really understand the market they can get good profit from the market,  but people who think money can be made from bitcoin quick , I think bitcoin is not for them because bitcoin is unpredicted and the investment is always profitable when it  is longtime. People always think different when they do not have good understanding about bitcoin 

  We can all be rich in the future; we just have different times when it will happen in our lives. And there is no one who does not want to be rich, and there are many ways for people to become rich.

  It was only then that Bitcoin and cryptocurrency were added to become tools to make us rich. We just need the right method and the right process because one little mistake can go back to the beginning.

Unfortunately, Bitcoin and any other cryptocurrencies (except Shitcoin and Memecoin) aren't an investment tool that will allow us to get rich in a very short time. Of course, since cryptocurrency markets are volatile markets there is a potential for profit from sudden price movements but such movements never cause a person to become rich in a very short time. In addition, like other financial assets, Bitcoin is an investment tool and an option that a person can choose to evaluate his/her capital.

Generally, we see that people who think they will get rich in a very short time by purchasing Bitcoin have new ideas about Bitcoin and other cryptocurrencies, only examine the lives of very rich cryptocurrency investors and believe that there are very high profits in cryptocurrencies. For this reason, it wouldn't be wrong to claim that many individuals who are completely distant from the facts and have just entered the cryptocurrency markets think this way.

Finally, I would like to remind you that during the bull period in 2017 many people dreamed of getting rich very quickly by purchasing Bitcoin but due to the subsequent bear period they saw that Bitcoin reached purchasing levels after a long waiting period of approximately 2-3 years.

The problem of someone becoming richer may be unpredictable, but don't dream of becoming richer if someone is not supported by good financial strength. Everyone wants to be rich, but not everyone can achieve the opportunity to become rich. Wealth cannot be separated from how a person prepares and needs financial strength to achieve true wealth. Then the question is, where will we get the capital if we want to become rich?

There is almost no chance for people to achieve quick riches in bitcoin if they are not supported by large capital for investment. Imagine if today you have a small amount of money to invest in bitcoin, then if bitcoin experiences a significant price increase, it won't necessarily make you rich. Moreover, if you make a mistake when investing, it is certain that a loss will make someone lose everything.

Regarding with how much fund used for investing in bitcoin there are less chance for every one get rich quickly scheme and need progress with bitcoin going up to higher price. Not any significant way to be rich by investing money in bitcoin because many success person in bitcoin investment need longer time waiting for earning much profitable. Actually bitcoin is not only as the way to be rich in quickly but also have opposite way to be poor when wrong way by investing in bitcoin and less patience waiting for bitcoin back to higher price.

Some people still memorize with bitcoin success raised all time high price and many of them brave for investing although have been on highest price, if not patience they will sell bitcoin in lower price and become one side how get loss much in bitcoin investment, but if can patience waiting they will earn profit when bitcoin return to the higher price.

From my own perspective, I think that what newbies need to know if they want to invest in bitcoin is for them to know that it should be in a long term invest and that they should only use the amount that will not be problem to their monthly expenses and emergency funds. After that, they can go ahead to start buying with such amount weekly, or monthly, and they should not think of selling so soon, in order for them to lower the risky in bitcoin investment. They can think of selling after four years and above. Bitcoin investment is worth waiting for to ripe in a long term and this is where patience is needed.

The formula remains that it is impossible to get rich quickly by investing in bitcoin and if someone invests large amounts of money in investment it means they already have wealth before and it is not because of bitcoin that they become richer in a short time. On the other hand, we do not have to agree that Bitcoin will make people poor as long as those involved in investing do not make mistakes resulting from panic. Knowledge will pave the way for people to invest in bitcoin and if they know what to do then I am sure they can avoid panic scenarios that make people experience losses.

More precisely, Bitcoin can give someone financial freedom through the schemes and strategies that he applies, the consistency of this method can lead someone to be better off financially. The path to expanding investment has many ways as we have discussed in the forum, depending on how one maximizes it and tries to take advantage of the smallest opportunities possible.

When most people first hear about Bitcoin, they think that investing in Bitcoin is a get-rich-quick strategy. But basically this is completely wrong because it is not possible to get rich quick by investing in Bitcoin but it is possible to get rich only if you invest for long term. When I first came to know about Bitcoin, I thought that investing in Bitcoin might be a quick way to make money and get rich. Later when I gradually learned about this I saw with such planning and right eyes that it is not possible to get rich quick but only a matter of time. Bitcoin investment is a plan to hold it for a long period of time to be profitable, moreover it is not possible to get rich quick by investing in Bitcoin. An investor must have full faith in Bitcoins and hold on to them patiently for future growth. Without patience one can never gain, because patience is the root of all power and patience alone can reach the point where a person can be successful. And investment must be patient but huge amount of money can be made in future and profit from Bitcoin is possible only by long term investment. By investing in Bitcoin wait until the market reaches ATH, when the bull market starts then surely an investor will get double profit and profit.

Long-term investing in Bitcoin has never resulted in a loss. Those who invest with the hope of profit in the short term usually do not achieve what they want. Generally, those who first invested in Bitcoin think as you say. As he spends time in the market, investors begin to act smarter.

Many negative things are said about Bitcoin, but every time Bitcoin gets rid of these negativities and continues on its way. I think Bitcoin will continue on its path as solidly as it has so far

Yes you are right bitcoin help to rich but not quickly. Those we hold bitcoin here and have knowledge about bitcoin we all know how much time and dedication you need to hold bitcoin. If you want to rich quickly then Bitcoin is not for you try another way. Bitcoin is the way that can give you surety to get profit when you invesment but it will take time. Many have wrong things about bitcoin I also have wrong thinks about bitcoin before joining in the forum and gain knowledge about bitcoin. Those wrong this told us that bitcoin is the way to get quick rich scheme.

Getting rich on bitcoin will take a while nothing is possible fast. Those who think that it is possible to get rich quickly in bitcoin have very little knowledge about bitcoin. By investing in bitcoin investors earn profits but they have to wait for a long period of time. Bitcoin can become a get rich quick scheme if the price of bitcoin rises. For this the investor needs to plan to hold for a long term so it is better to learn about bitcoin well before proceeding.

Bitcoin has every chance of going down x3 this year, and this despite the fact that I constantly hear that Bitcoin cannot bring fast big profits, that it has become clumsy and the like. Yes, Bitcoin always makes a profit as a long-term investment, whoever can buy and hold will get a good result, this is a simple and working formula. This year, Bitcoin has become a more attractive investment than altcoins, although some altcoins have also risen well and continue to grow behind Bitcoin.

Absolutely, approaching Bitcoin investment with a long-term perspective is key, it’s not a get-rich-quick scheme. Bitcoin's volatility, while offering potential gains, isn't ideal for instant returns due to its mostly stable growth. Strategies like dollar-cost averaging (DCA) promotes consistency, aligning with long-term objectives for continuous portfolio growth. I would also say that altcoins presents a better opportunity for profit, given their heightened volatility. While Bitcoin provides the stable foundation, the larger fluctuations in altcoins especially during the bull runs when historically there is an upward trend over all, can be an avenue for profit for those following a more potentially lucrative investment approach.
I tend to keep majority of my investments in bitcoin with some in altcoins and constantly rebalance my portfolio so that I have a consistent profit growth that exceeds even bitcoins.

Investment in bitcoin is a marathon. It's true that many enter Bitcoin hoping to make rapid money but find they need patience and strategy. Key point: All investments include risk and informed decision-making, including bitcoin. Let's not ignore prudence.

Keeping Bitcoin for a long time could offer big rewards. The market's unpredictability is another factor. Understand market trends, risk management, and patience - not just trust Bitcoin. So, while Bitcoin has high returns potential, it's important to be optimistic and realistic. Rapid wealth? Unlikely. Gains over time? Yes, but only with a solid plan and determination.

Every Investments has their potentials , this only change about how the system of that investment area goes , if they are legit and working then two things may happen .
you may Gain , or You may Lose ..

Bitcoin investing never become a ride and become rich quickly ( not unless you are good in timing and come to buy in lowest , sell in highest) but even if this may take some time to gather that earning.

If you are truly investor then you will not seek for easy money , instead you will trust the system and follow all the necessary way to gain and earn.

With bitcoin, I think anything is possible. Bitcoin gives people the expectation of getting rich, making money or achieving financial freedom. Depending on the actions, plans, and risk management thinking that each person can build. Personally, I feel bitcoin is more of a path to financial freedom than a get rich quick or profitable long term investment that promotes financial awareness and value retention. .

Well I think for most knowledgable people cryptos are the way to freedom rather than money.

Bitcoin is a potential coin by investing here it is not possible to get rich quick but long term investment is possible to get rich.  And if someone wants to earn money quickly then in that case he has to do Future Trading  Leverage up to 125x for Bitcoin in Future Trading. so here it is possible to trade equivalent to $12500 with just $100.  But here again there is high risk as this $100 will be liquidated if the price of Bitcoin drops just a few dollars.  So it is better not to do futures trading because there is a huge possibility of fund being 0. So from here it is possible to get rich as quickly as it is possible to get poor quickly

Even if such a thing can be felt but saying this is one of the schemes to get rich quickly is still a mistake because after all when talking about investment, there must be a vulnerable time that must be used as a guideline for the process because after all I prefer to say as you say where bitcoin is one of the ways to get financial freedom but with the mindset of beginners there are always those who think that this is the easiest way to get wealth due to lack of information and the wrong initial mindset.

This must be realized that such thoughts will always exist even I also previously thought the same thing but what distinguishes me then and now is experience and learning because it is important so that there needs to be further learning for those beginners who always think about this because however this depends on ourselves because everyone is in bitcoin does not mean they can be successful because of the wrong initial thinking.

By collecting Bitcoin it will indeed make it easier for us to achieve financial freedom, but it is very important for us to be able to understand well the strategy for collecting it in order to gain profits because if we cannot understand it well then this will cause us to lose the assets we have collected and will not be able to enjoy the profits from the investments we make.

Choosing to make long-term investments will indeed enable us to gain profits and most people use strategies to collect them and this takes a long time, so it is important for us to organize our strategies well so as not to experience disruption in the process we carry out.

Bitcoin isn't a get-rich-quick scheme. Patience, discipline, and a long-term approach are crucial for sustainable returns. Altcoins pose higher risks.   

I would definitely argue that Bitcoin is rather a get-rich-slow scheme. And it only works if you hodl. ;D

It really takes a long time but from historical chart data we can see that if you hodled Bitcoin at any time within the last few years, you would be considerably, relatively richer than you were before. Fiat is the poor mans money, and it is designed to make him even poorer in time. Why anyone would rather not buy Bitcoin and forget about fiat, is a mystery to me.

Anything possible?  ???
Sure, people will have a chance to be rich by investing in Bitcoin. However, being rich doesn't happen instantly. We need to learn how to invest in a proper way, so we can optimize the chance for the profits. Learning will take a process, it may take a long time. We don't automatically have sufficient knowledge about Bitcoin and crypto.

How do you define "financial freedom"? Do you mean to improve our financial level?
If we succeed in Bitcoin investment, surely we will improve our financial. But don't forget that there are also people who failed in Bitcoin investment. They even make their financial worse. So, don't only consider the good things in Bitcoin investment, we need to be aware of the possible negative things.

I could remember when Bitcoin was first introduced to me, even other crypto, it was sold as something that will turn me to a billionaire over night but based on my understanding I know aside those get rich quickly scheme that we all know are scam no investment can offer that and I started reading and researching about it.

Bitcoin should be seen from a long term investment angle like 5 to 10yrs to be able to give us that financial freedom we desire

Many people think that investing in Bitcoin is a get-rich-quick strategy. And they invest in Bitcoin without fully knowing about Bitcoin. A kind of desperation works in them when they don't see quick cash after investment. They never want to try to understand bitcoin get rich slow scheme. Those who have minimal knowledge about Bitcoin must understand that investing in Bitcoin requires investment for a long period of time to get a decent profit. I think the impatient person can't expect much from Bitcoin investment. Only those who invest with patience and time have succeeded in Bitcoin investment

It is very wise of you becoming so inquisitive to learning rather than just depending on how it was first introduced to you. Yes, the person who introduced Bitcoin and some other crypto currencies to you needed to exaggerate a little so as to pick your interest into investing in it.

It is very possible of Bitcoin making you a Billionaire or Millionaire depending on your investment and your strategy applied but in the case of doing it over night not possible as it will take longer time to do so. Having this knowledge about Bitcoin will make you understand the essence of having patience so as not to sell off due to expecting much or when the market becomes highly volatile so you don't panick and sell.

That’s right, fiat money is too susceptible to inflation and if you keep your savings in fiat money, then it will only lead to their depreciation, especially since this is true now in times of the global crisis.

Bitcoin may not be the only way to store the value of our savings, but Bitcoin is definitely one of the best ways to make excellent profits in a relatively short time. Over 2023, you could increase your investment several times, and this is just a great investment because it didn’t require a lot of my attention, I just buy and hold.

It is not possible to get rich by investing in Bitcoin, but it is possible to get rich quickly by trading a little, but the trade must be Future trading.  But it has high risk as get rich quick here trading balance goes to zero quickly. So to trade here you must be able to afford to lose.  And never invest everything there together because if someone does, he can lose everything like gambling. So instead of getting rich quick by investing in bitcoins, long term investment should be patient and profits should be earned.

People who doesn't really know what Bitcoin is, are the ones who said it was a get rich quick scheme. Imagine if they literally invested in Bitcoin and let's ask them after a couple of days if they get rich with their investment, I'm sure they will admit that they are wrong with their first statement. Bitcoin is not a get rich quick schemes but if you know how Bitcoin really works like you know the reason behind it's ups and downs then you will probably benefit it's volatility.

Well, very unfortunate that most people got fooled by these social media influencers saying that investing in Bitcoin will make you rich without stating the risk. People assume that once they buy Bitcoin today, they will earn a profit by tomorrow.

It is said that lack of knowledge will lead to nowhere. That is why it was not unusual to hear people blaming the market because they are innocent in this kind of investment but still, they urge themselves because of their greediness and the love of money.

Even though Bitcoin is not a get-rich-quick scheme, so many people have gotten rich through Bitcoin so far that this has also created more incentives for everyone to continue owning Bitcoin and not care so much about altcoins for several reasons. I also quite agree with what you said, that everyone must always be able to uphold patience, discipline and a long-term approach if they want to succeed through Bitcoin.

Everyone really has to differentiate between Bitcoin and other coins which often offer get-rich-quick schemes but are also more often subject to fraud by the developers themselves. Meanwhile, Bitcoin has never offered a get-rich-quick scheme, even though people who have believed in Bitcoin have gotten more of what they want so far. So separating Bitcoin from other coins is also quite important so that newcomers or beginners who are new to Bitcoin don't think other coins are the same as Bitcoin.

Op, you have said many stuff which is very vital, is only a novice that does understand how investment is done in Bitcoin that will think that bitcoin is a get rich quick investment, as far as I know I don't even think that as business that's a get rich quick do exist, every businessman and women first mindset should be the risk that are involved in a particular business, after this, you can start to know more better on the profit aspect, I said this because every business starts from a day and no one expects to starts to benefiting from his business the day it was set up, it is gradual process that has to be followed strictly.

Certainly won't get you rich overnight but atleast it will definitely improve your standard of living especially for those of us here in the third world countries. The reason why Bitcoin is even seen to have such impact is because of the way the stories of the early investors or holder of Bitcoin actually made it due to the low price and massive spike on the increase of the value of Bitcoin.

But for now one would just gather and be patient because it's now a patient game for those of us that aren't actually traders with our coins because most people tend to fall into the trading aspect just to get the benefits that they want entailed with all the stories behind having Bitcoin.

Now on YouTube there are hundreds of bloggers who offer to invest in crypto without knowledge and often promote quite strange things such as buying various memes and shitcoins, because of this, beginners get the impression that bitcoin and various tokens are the same thing and can be earned quickly and without unnecessary movements. But as we know, in 99% of cases this simply will not work. Only a general knowledge base, such as the operation of a wallet, network, and so on, will help a beginner understand the principle of how Bitcoin works.

Many of influencer talk nonsense on their Youtube or social media account platform, lack knowledge about cryptocurrency but many of them brave promising will earn much profitable when some one invest on their recommended coins. Every day show off with how much profit earn from their trading and make beginner believing how easily get rich by investing in cryptocurrency without think risk later when price of bitcoin or altcoin investment drop drastically.
I think some of influencer try to get benefit from beginner in cryptocurrency trading sell their premium channel group and show off thousand percentage of profitable make them interested for paying much fees to entry premium channel group.