People mindset in Bitcoin

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It is true if someone should claim that bitcoin is a route through which one can earn financial stability or make some financial freedom for themselves but what's not true is when it's being claimed that bitcoin is  a shortest way of becoming rich and financially free. Investing in bitcoin doesn't make anyone rich immediately or within a short while, as you have to do your own part of the waiting, strategizing and holding with good techniques required to stay profitable at the end. There's no short cut

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[wahyuagung26]

People have different views and perception on Bitcoin, some persons believes Bitcoin to be a get rich investment,

There are a lot of outsiders out there who of course they have a different point of view, Bitcoin has been running on top of the world and of course the majority of several countries know this, so because of this, of course someone's opinion will differ in understanding Bitcoin, maybe Bitcoin is one of the investment digital assets that makes someone rich, but this requires time and travel from an investor in facing all obstacles.

The logic is that Bitcoin does not promise every user that they will get rich quickly, this is a saving/investment asset that is superior to some of them, I think this is one way to get at least what is needed through investment, but what we need to understand is this too have a risk even though the level of risk is not the same as the others.

[Chilwell]

For a person to earn fast money, structure have to be put in place for a long time ago, can't specify the period because it still depends on the investment. Bitcoin is seen as an important thing that have a lot of value, many people think of getting rich easily, for my experience money is the most hardest thing to get. Why will person think of get rich fast with Bitcoin when you don't have any foundation on ground, it's not possible, assuming you Participated in bitcoin from the beginning our thought towards you will be right.

[Dzwaafu11]

For a person to invest in bitcoin, that person needs to have a backup plan for their financial situation. In my opinion, bitcoin is not a quick way to get rich, as some people think.

Because of this, you must acquire funds to invest in bitcoin. Otherwise, you risk losing your money if you sell it due to financial difficulties and expect the money you invested in bitcoin to return in a short period of time.

The investors in bitcoin in the past are the ones we believe gained money quickly, but given how the bitcoin market is now operating, we don't think anyone can get wealthy more quickly through bitcoin investment. If bitcoin were a quick method to get wealthy, some people would already be wealthy, since I believe there are some forum members who invested roughly a year or two ago but haven't yet made enough money to cover their initial investment in order to turn a profit.

[MarjorieZimmermanGinger]

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,

There is no shortcut to getting richer, especially if you don't have the money to start investing in bitcoin, but I agree that bitcoin is the closest way to make a profit. If you have the skills and have the money, then bitcoin can bring you to the stage of perfection in investing. Bitcoin can make someone richer it will look very ridiculous for people who don't have money to get involved in investing.

But the point that bitcoin can change your financial capabilities for the better makes a lot of sense, when you're trying to invest small and regular. The point is how to start getting involved, even though the available capital is very small and we still try to make regular purchases according to the money we have.

[Litzki1990]

I agree that Bitcoin is one of the ways to make money in a short way, but the idea that Bitcoin is the only way to make money is wrong. Because everything has two sides, one is the positive side and the other is the negative side. If you think that you will only profit by investing in Bitcoin then I will tell you that you are wrong. Because the market never stays the same. If the market goes up for some time then the market goes down again and if you buy bitcoin at the wrong time there is a possibility of losing money. That means you must take risks in order to profit or earn money in a short way. The amount of money you buy bitcoins with is the amount of money you risk.

[Smack That Ace]

I agree that Bitcoin is one of the ways to make money in a short way, but the idea that Bitcoin is the only way to make money is wrong. Because everything has two sides, one is the positive side and the other is the negative side. If you think that you will only profit by investing in Bitcoin then I will tell you that you are wrong. Because the market never stays the same. If the market goes up for some time then the market goes down again and if you buy bitcoin at the wrong time there is a possibility of losing money. That means you must take risks in order to profit or earn money in a short way. The amount of money you buy bitcoins with is the amount of money you risk.

In my opinion, bitcoin, like other assets can help us make money, but because bitcoin is very volatile, so investing in bitcoin can help us to shorten our time to get rich compared to other investments.

Whether we make money or not, how much money we earn depends on ourselves, not only on bitcoin. Bitcoin is only giving us an opportunity, and whether we take advantage of it to the fullest of our potential is up to us. No matter how good Bitcoin is, if you don't know how to invest, you will still lose normally. Our success or failure is on our own, not because of bitcoin or anything.

[Luffygroove]

I believe that statement may have been true in the early days of Bitcoin, when the market was more volatile and there were fewer participants. However, as Bitcoin has become more popular and more people have invested in it, the potential for quick riches has diminished. While there is still the possibility for significant gains in the long term, it is important to approach Bitcoin as a long-term investment and not as a shortcut to wealth. Additionally, the market has matured and become less prone to extreme fluctuations, so it may take some time before we see another rapid increase in Bitcoin's value.

[Seinlocko]

indeed many beginners in bitcoin who make bitcoin as a shortcut to get rich quick. and all that is natural, because they see examples that have been successful. but I'm sure that beginners can also change if they get enough experience.because maybe those who are already seniors now could be the same as beginners now.

[Dr.Bitcoin_Strange]

In my opinion, bitcoin, like other assets can help us make money, but because bitcoin is very volatile, so investing in bitcoin can help us to shorten our time to get rich compared to other investments.

Whether we make money or not, how much money we earn depends on ourselves, not only on bitcoin. Bitcoin is only giving us an opportunity, and whether we take advantage of it to the fullest of our potential is up to us. No matter how good Bitcoin is, if you don't know how to invest, you will still lose normally. Our success or failure is on our own, not because of bitcoin or anything.

You are absolutely right, sir; Bitcoin is an added advantage in increasing our financial growth. Just like other assets that show appreciation over time, like bonds, stocks, and real estate, they may take a long time and their profit may not be huge, but Bitcoin volatility can always be profited from, and it can be just a short-term gain depending on the market swings.

Most people usually have the misconception that Bitcoin is just the only means to make money, and especially when they hear people telling their crypto stories, they may just end up believing that Bitcoin is the only option, but just as you have said, the amount of wealth and riches we acquire depends on individuals; Bitcoin is just a support.

indeed many beginners in bitcoin who make bitcoin as a shortcut to get rich quick. and all that is natural, because they see examples that have been successful. but I'm sure that beginners can also change if they get enough experience.because maybe those who are already seniors now could be the same as beginners now.

Beginners should not get so overwhelmed by success stories; they need to really take time and understand what bitcoin investment really entails, because just as smack that Ace has said, if beginners take the wrong approach to investing in Bitcoin, they will lose their funds, not because it is the fault of Bitcoin but because they fail to understand some principles of Bitcoin investment. In my opinion, Bitcoin should not be perceived as the only means to financial freedom or a get-rich-quick scheme.

[doomloop]

For a person to invest in bitcoin, that person needs to have a backup plan for their financial situation. In my opinion, bitcoin is not a quick way to get rich, as some people think.

Because of this, you must acquire funds to invest in bitcoin. Otherwise, you risk losing your money if you sell it due to financial difficulties and expect the money you invested in bitcoin to return in a short period of time.

The investors in bitcoin in the past are the ones we believe gained money quickly, but given how the bitcoin market is now operating, we don't think anyone can get wealthy more quickly through bitcoin investment. If bitcoin were a quick method to get wealthy, some people would already be wealthy, since I believe there are some forum members who invested roughly a year or two ago but haven't yet made enough money to cover their initial investment in order to turn a profit.

It's good that you understand things pretty well. Bitcoin is definitely not a get-rich-quick scheme, and as you said, a person should never have the money invested in Bitcoin that they might need in the near future because you never know how long it may take for your investment to turn profitable, that's why it's recommended to only invest the money that you have in spare.

Those who have got rich from Bitcoin are probably those who got access to Bitcoin in its early days and accumulated and stored a lot of it when it was too cheap, and now when its value is too high, their Bitcoins have turned them millionaires probably, if not, they probably have enough money to be called rich.

[wahyuagung26]

for my experience money is the most hardest thing to get. Why will person think of get rich fast with Bitcoin when you don't have any foundation on ground, it's not possible, assuming you Participated in bitcoin from the beginning our thought towards you will be right.

Regardless of the foundation, it can be drawn that everything requires a process of achievement, time, process, and capital (both in terms of money or material and others), this certainly has a straight line, especially we need a certain amount of money to convert it to be used as an investment asset, and as well as the preparation of the initial management structure, and the overall impact they will get according to the target followed by a time process of course.

Some people view it that bitcoin will give them wealth, which should happen in the life of a user, but apart from that time and process are very closely related to achieving the wealth of a holder in the sense that this does not happen in a short time, only the time they need to all this, for those who do it using assumptions and excessive ambition I think they chose the wrong path in terms of their use of Bitcoin Assets. and it looks like they will be hard to reach

[CryptoHeadlineNews]

Some people understand Bitcoin in different specifications, some people out there always think that Bitcoin is the shortcut of getting rich when you invest in Bitcoin, 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 in some of our opportunities,

Point of correction, Bitcoin is not a shortcut to getting rich, but it is just an investment option that has the potential to make you rich, depending on how long you hold your coin, because the reason why many persons sees Bitcoin as that currency that can make you rich is simply because if by example 10yrs ago, you had own just 1 or 10 Bitcoin back then when it's mining process was quite simple and could be done with mere smartphone or a desktop computer, by today you would have been a proud holder of over $28k to $280k Bitcoin with respect to today's current price.
But it's never too late, as if you wish to get rich with Bitcoin, just invest in it today and leave for next 10yrs or more.

[nakamura12]

This is not the best mindset that a person have when it comes to crypto currency. Bitcoin or other crypto that have good potential doesn't mean it is a get rich quick type of investment or whatever you do with crypto. Some people did get rich because of Bitcoin but it take some time before that happen. It's up to you on what you want to do either investment, trading or holding BTC in your wallet are one of the things you can do and more. You could say that it is an asset when you own BTC and you can use it to earn money (Patience is a must though).

[jostorres]

Point of correction, Bitcoin is not a shortcut to getting rich, but it is just an investment option that has the potential to make you rich, depending on how long you hold your coin, because the reason why many persons sees Bitcoin as that currency that can make you rich is simply because if by example 10yrs ago, you had own just 1 or 10 Bitcoin back then when it's mining process was quite simple and could be done with mere smartphone or a desktop computer, by today you would have been a proud holder of over $28k to $280k Bitcoin with respect to today's current price.
But it's never too late, as if you wish to get rich with Bitcoin, just invest in it today and leave for next 10yrs or more.

Those were the golden days 10 years ago when one could literally mine a bunch of Bitcoins only using their PC without any heavy machinery or graphics card requirements, and only a few of the people from back then must have held on to their coins since no one really expected Bitcoin to grow as high as $69k per coin when it was initially worth a few cents.

People who believed in Bitcoin and held at least a portion of their holdings from back then are almost millionaires today, if not millionaires, they surely have a few hundred thousand dollars for sure.

[lizarder]

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,

When people start thinking so there will be imagination in the practice of its application, which becomes a problem when there is no mind to understand something and you don't have knowledge as a supporting factor.

Bitcoin is an alternative to making money and very close to achieving profits, but it requires understanding, pattern and strategy because it is not as fast as you think. Regarding wealth, how far will you invest and how much capital do you have to achieve instant riches in Bitcoin, not to mention we are talking about investment patterns and strategies and if you apply the wrong strategy, you may incur losses especially when it comes to price fluctuations.

[ultrloa]

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,

When people start thinking so there will be imagination in the practice of its application, which becomes a problem when there is no mind to understand something and you don't have knowledge as a supporting factor.

Bitcoin is an alternative to making money and very close to achieving profits, but it requires understanding, pattern and strategy because it is not as fast as you think. Regarding wealth, how far will you invest and how much capital do you have to achieve instant riches in Bitcoin, not to mention we are talking about investment patterns and strategies and if you apply the wrong strategy, you may incur losses especially when it comes to price fluctuations.

Some people come from unrealistic approach and those people introduce this to then is just over exaggerated about explaining bitcoin to them and mostly they always tell that bitcoin is fast money scheme that's they believe something like that which is common thing to newbie.

But for sure further realization will came that its not easy on everything on crypto once they try it and might they found the true use of bitcoin when seeing more people how they define and use it for their transactions.

[Rengga Jati]

There is no shortcut to getting richer, especially if you don't have the money to start investing in bitcoin, but I agree that bitcoin is the closest way to make a profit. If you have the skills and have the money, then bitcoin can bring you to the stage of perfection in investing. Bitcoin can make someone richer it will look very ridiculous for people who don't have money to get involved in investing.

Indeed, this is a very common mistake in crypto investment. The presumption is to become rich quickly with shortcuts in crypto investment, so that most investors, especially newbies, think that they will soon become rich if they invest in crypto. but they are not ready for all the risks, including price changes that are really fluctuated. And because of this unpreparedness it sometimes makes them feel down and end up panic selling their assets, without them knowing that they can still get profits if they want to hold on a little longer. but because they already think of being richer from crypto quickly, it becomes easier for them to panic buy and panic sell. This is the importance of understanding before investing in crypto, so that we can be wiser in our assumptions and hopes.

[Awaklara]

This is not the best mindset that a person have when it comes to crypto currency. Bitcoin or other crypto that have good potential doesn't mean it is a get rich quick type of investment or whatever you do with crypto. Some people did get rich because of Bitcoin but it take some time before that happen. It's up to you on what you want to do either investment, trading or holding BTC in your wallet are one of the things you can do and more. You could say that it is an asset when you own BTC and you can use it to earn money (Patience is a must though).

they think of getting rich quickly with Bitcoin but don't see the risks involved. some newbies are too naive to think about quickly doubling their money on Bitcoin assets. even those who do not have the knowledge and skills are willing to leave their money to invest in Bitcoin to their friends who understand Bitcoin better. it's risky, but someone does it.
everything takes time, nothing is instantly rich because of Bitcoin. maybe there is but it's part of people's luck. and not everyone has the same luck.

[Greggry]

To me bitcoin is substitute for work, cryptocurrency are more likely to be seen as uncontrollably digital assets, so making is not an optional, you need money to make money in it. This is not ponzi scheme or get rich quick, 3 things determines your expectations which are; capital volume, price and market. Don't expect too much when you start with little capital of $50-$100 it might not take you to anywhere. But more also people who use huge capital hardly loss or lose except out of greediness.

My point, yes bitcoin can add you to less financial stress but you must also give bitcoin good financial reasons.