People mindset in Bitcoin

[Popkon6]

Whoever has money needs more. How do you invest in Bitcoin if you have no money? You need to invest some money first where start trading with few or small amount of bitcoins. If you invest at the right time, it is definitely possible to make a profit. Because in the future Bitcoin will advance by 3 steps in 2024 from the current price.  So if you want to own some amount of money then definitely start investing bitcoins little by little. If you want Bitcoin you can hold it for long term.

[Jawhead999]

Bitcoin isn't the shortest way to getting rich because you need money to buy it and you need to hold for few years in order to make huge profit.

If you want to getting rich in quick, there are few ways to do it: rob the bank, become a criminal, gamble with the lowest probability to win, steal someone money, trade a new shitcoin that worth for less than one cent etc.

But of course I wouldn't advice you to do that and it's better to build your wealth slowly, not find the shortest way with high risk.

[uchegod-21]

Whoever has money needs more. How do you invest in Bitcoin if you have no money? You need to invest some money first where start trading with few or small amount of bitcoins. If you invest at the right time, it is definitely possible to make a profit. Because in the future Bitcoin will advance by 3 steps in 2024 from the current price.  So if you want to own some amount of money then definitely start investing bitcoins little by little. If you want Bitcoin you can hold it for long term.

It takes money to make money and that is why people that has money make more money than people that have never had money before.

An investment of 10,000 dollars is supposed to work more than an investment of $1000 in a normal circumstances and he that earns 10000 dollars monthly can easily make an investment of 5000 dollars, but he that earns $1000 monthly cannot make an investment of 5000 dollars. This is why bitcoin make the Rich to become richer. Apart from those that invested in early stage of Bitcoin who got x1000

[Mr.right85]

If you do not have money, how are you going to invest in bitcoin? It will not be possible. You need money to have more money. But in the past, some people were earlier engaging themselves in everything that has to do with bitcoin, what you can afford wilth little amount, this people are very rich now. Someone that mistakenly bought bitcoin in the past very early and he never sold it till now, or sold it at a very high price, that may be true about them if they were not reach at that time. They may not be rich in money, but they were rich in knowledge and they were positive about bitcoin.

That's some start that I find rather funny which is indeed serious. When we talk about people or individuals having to invest, it has got a lot to do with using your money to buy some or a bitcoin which is at about $22.8 right now and that's no small money. Or you might as well get portions of it in sats, using what ever penny you can afford to invest with. Be it as it may, your profit would come in ratios related to what you've put in.

But also, you don't really need to put your money as someeans of acquiring some sats. Being open to payments in the bitcoin currency is surely a means but, your employer has got to offer it first. It could be payment for your services and that could be well enough for a start.

For sure really, if people could see bitcoin for a currency rather than an asset, we might have these get rich quick through cryptocurrency ideas fade out.

[Oceat]

It's a known fact that bitcoin is one of the easiest ways of getting rich because it can give high returns and also doesn't need much capitals as other investment plans but it comes with some risk but those who bought it at a good price and able to hold are in some ways have become more richer or rich.
This is not just to bitcoin but cryptocurrency as a whole but bitcoin has a lower risk rate than the others.

Yeah, you were right but it will take a lot of time before they get there. I mean, holding wasn't that easy if you have to wait for four long years before you could sell all of your asset/Bitcoin then you have to wait the bear market/bottom so you can reinvest again and do the same.

Most people don't like that way while they didn't know that getting profit or more money isn't going to happen in a day. That's why most of them fail when investing because of their doubt that they risk too much not knowing the fact that you have to risk in order to achieve what you want. Thus, invest only on what you can afford to lose.

[cydrix]

Bitcoin is not a certain way to quickly become wealthy or resolve all financial issues. When working with brand-new, erratic assets like Altcoins, it's crucial to invest responsibly, have financial knowledge, and exercise prudence.

[Charmekkd]

indeed many people say that the way to get rich quickly is one of them by investing in bitcoin.
but of course it's not that easy because investing in bitcoin requires extensive knowledge, because investing in bitcoin without knowledge will definitely have the potential to experience bigger losses,
and I often see people who lose investment in bitcoin due to lack of knowledge.
but I also see a lot of people who invest in bitcoin and are now rich, which turns out to be the key to his success due to his extensive knowledge.

[Luzin]

An investment of 10,000 dollars is supposed to work more than an investment of $1000 in a normal circumstances and he that earns 10000 dollars monthly can easily make an investment of 5000 dollars, but he that earns $1000 monthly cannot make an investment of 5000 dollars. This is why bitcoin make the Rich to become richer. Apart from those that invested in early stage of Bitcoin who got x1000

Not all, I think not all who have a lot of money will be easier to make more money (in trading). Those who don't have the expertise will lose a lot from the money coming in. So in trading Large capital without expertise is useless. But a large capital with good skills will make him more money. Therefore, for beginners it is not recommended to use big money.

Use your small money to learn, once trained then using big money will make more sense. That's what I did seven years ago when I started entering crypto trading.

[GeorgeJohn]

Every individual in the community knows it's on motive or objectives towards Bitcoin, and some people haven't been informed properly concerning Bitcoin, i believe that Bitcoin has made people rich and it's through investment and especially long term investment precisely, but that doesn't make us to think that with Bitcoin you can easily be rich, inside the Bitcoin investment, it involves two things, and one is advantages for the investment and secondly disadvantages for the investment also, and it's obvious that theirs is every tendency that you bitcoin investment can handcap you due to the disadvantages that's involve for the investment.

[kamvreto]

Bitcoin as a decentralized digital asset, not regulated by any authority, can be self-regulated and there will be no storage fees for third parties. But bitcoin has risks. When someone says that bitcoin can solve financial problems, then everyone will be competing to get into bitcoin. But in fact bitcoin will not be that easy to solve financial problems. It all also depends on how someone can use bitcoin as a good place to manage finances, making long-term investments rather than getting good profits. Not without risk, all investments will definitely have risks. Bitcoin risk is high volatility that makes the price very volatile and if they can't be patient and panic too much then they will lose everything.

[hatshepsut93]

but i disagree with that, because if bitcoin were the shortest root to solve financial problems many people would have be out of financial issues.

You need money to make money. During the last bear market Bitcoin was at $7-8, the ATH was $69k. That's only 10 times increase. If a poor person managed to save $1,000 and executed the perfect trade, they would only have $10,000 which doesn't make them rich, it's not enough to even buy the cheapest house. And billions of people in the world don't have even $1,000 to spare. Plus trading is not exactly easy if you never done it before - a lot of beginners buy at some random point, experience a downturn, get scared and sell at a loss. Or take very small profits, nowhere near even x10.

People who got truly rich from Bitcoin are those who invested very early and held for very long and made x100 or x1000 gains. That's how you can turn thousands of dollars into millions.

[Coyster]

Bitcoin is not a certain way to quickly become wealthy or resolve all financial issues. When working with brand-new, erratic assets like Bitcoin, it's crucial to invest responsibly, have financial knowledge, and exercise prudence.

Bitcoin is not a 'brand-new' asset, i know it is not as old as most traditional assets but it is already over 13 years since its inception, and not just that, it has survived quite a lot within that time, including economic crunch which people said would signal the end of Bitcoin if it happened. I wouldn't categorize Bitcoin and its network as erratic because it is very safe, the price might be unpredictable to an extent, but it boasts of a solid network.

Having said that, people who want to invest in Bitcoin still have to follow the rule of thumb of investing only what they can afford to lose because it is not a get rich quick scheme, you are correct about that, but so it is in other traditional investments, one has to always invest responsibly, you can't basically just throw all your have into an investment opportunity no matter how safe you think it is.

[CryptocurencyKing]

but i disagree with that, because if bitcoin were the shortest root to solve financial problems many people would have be out of financial issues.

People who got truly rich from Bitcoin are those who invested very early and held for very long and made x100 or x1000 gains. That's how you can turn thousands of dollars into millions.

Even in that, you still got to say thousands of dollars and that thousands is what most individuals don't have. The cryptocurrency industry has adequate many become greedy and sourcing for the 2009/10 possible but, 2020/23 impossible. They've got to wake up and understand that the times have changed and even a 100% or 100x increase would take a long time to come through and to benefit off it, you've got to have a lot to have put in as well.
They've just got to stop looking for past history in progressive times, as they would end up hurting themselves and yet bitcoin would stay bitcoin.

[John Abraham]

some people out there always think that Bitcoin is the shortcut of getting rich when you invest in Bitcoin,

Some people might think after hearing the success stories of early adopters. But, It is not. It is an alternative to your shady bank account wallet with more security and privacy. It has some advantages and disadvantages as well. Before you buy Bitcoin, You should know what the advantages and what are disadvantages are.

because if bitcoin were the shortest root to solve financial problems many people would have be out of financial issues. What's your take on these?. I know that what have advantages still have disadvantages, hoping with Bitcoin to survive can cause delay on some of our opportunities,

Exactly. This is not the shortest way. They have the wrong idea.
The primary and only disadvantage of Bitcoin is it's incredibly volatile. If you want to keep bitcoin for the short term, you must be aware that you may have to sell it for a loss if you need urgent cash and touch your bitcoins. But, You will make a good profit if you hold it long-term.

[alastantiger]

People who have the misconception that bitcoin is a business where you will invest money today and make a whole lot of profit tomorrow are those who are poor despite owning bitcoin. It is the wrong mindset, and anyone thinking this way should purge themselves of it. If you want quick money, avoid bitcoin investment if you don't want to be disappointed. You have to be patient with Bitcoin and know when to take profits. Just like someone who starts a business today and expects to make a fortune the next day.

[Razmirraz]

Bitcoin can make you increase your wealth if you understand how it works and take advantage of fast changing price fluctuations, buy when the price is cheap and sell when it is expensive. The mindset of some people about Bitcoin as a shortcut to getting rich is not entirely wrong, one of the main causes is the drastic price changes when they buy and sell it.
Try buying Bitcoin while the price is still low and keep it for a few years, when the price has increased you can sell it to secure existing profits. Bitcoin which is increasingly limited and has more and more enthusiasts, will make the price continue to rise.
To get rich with Bitcoin takes patience.

[suzanne5223]

but have not seen Bitcoin as short way of making money, as Bitcoiner, are we not sure that it's encouraging to think that Bitcoin is the shortest way of making money, because i heard people arguing of Bitcoin as as source of liberating people from financial problems but i disagree with that, because if bitcoin were the shortest root to solve financial problems many people would have be out of financial issues. What's your take on these?. I know that what have advantages still have disadvantages, hoping with Bitcoin to survive can cause delay on some of our opportunities,

It may be encouraging for people to have the impression that Bitcoin is the shortest way to make money but this certain belief has led to a worse experience for a lot of newbies through Bitcoin because they are fed with your information and never make the right decision through their investment.
Having said that, people said Bitcoin is financial liberation because fiat currencies are losing value every day while Bitcoin presents a safe haven and the best alternative to safe from fiat devaluation.

[doomloop]

You need money to make money. During the last bear market Bitcoin was at $7-8, the ATH was $69k. That's only 10 times increase. If a poor person managed to save $1,000 and executed the perfect trade, they would only have $10,000 which doesn't make them rich, it's not enough to even buy the cheapest house. And billions of people in the world don't have even $1,000 to spare. Plus trading is not exactly easy if you never done it before - a lot of beginners buy at some random point, experience a downturn, get scared and sell at a loss. Or take very small profits, nowhere near even x10.

People who got truly rich from Bitcoin are those who invested very early and held for very long and made x100 or x1000 gains. That's how you can turn thousands of dollars into millions.

That is one of the biggest myths that new users have when they enter the market or the cryptocurrency universe in general. They think that they can get rich quickly with Bitcoin or other cryptocurrencies, but it's not true at all. Though one can earn a significant amount of money with successful trading it all depends on the amount of money one is investing in the market.

And, those who learn the basics and come to know the truth, choose scams and unusual coins and tokens thinking they will get higher returns, which again, makes them lose their capital, and then due to anger and frustration, they leave and talk bad about the whole technology.

[sunsilk]

If bitcoin was the shortest way of money and become rich, we're no longer in here and we're enjoying our lives with what we've earned. But these people have to understand that it's the same as the other markets where there are losers and winners.

The early adopters that kept a lot are one of the winners today together with those people that have bought when it's below the current market price.

They're enticed and encouraged that way when they've seen early adopters showing how much their gains are. But that mindset should be changed because it's totally far from before where bitcoin was priced in 4 digits and below unlike today.

[Salahmu]

People have different views and perception on Bitcoin, some persons believes Bitcoin to be a get rich investment, it could actually be true because so many people are making money on a daily basis from Bitcoin investment as it is a volatile market, while others are skeptical or afraid of losing money.