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Author Topic: Bitcoin is to grow your money  (Read 392 times)
Y3shot (OP)
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March 01, 2023, 02:08:23 PM
 #1

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

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

Bitcoin addresses contain a checksum, so it is very unlikely that mistyping an address will cause you to lose money.
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March 01, 2023, 03:13:19 PM
 #2

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

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Shamm
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March 01, 2023, 03:53:18 PM
 #3

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

The reason in investing bitcoin should be just to level up financially, grow your money and get a better return of it. Beginners should not mistake bitcoin as to grow money and for making money(becoming rich). The principle of bitcoin is real , if you understand the principles it always turns out being profitable.
Yes you are right that mate Through investing of bitcoin we can earn money but we can not say that we can always makes money as we all know that There are many circumstances if we invest because bitcoin is too risky we can not predict the outcome of our investment. There are many successful investor around here, those people know Bitcoin long-time ago and hold it until now then for sure they are very rich.
As a newbie in investing it's better to have enough knowledge so Op you are in the right place you can gathered more information that useful in investing .

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March 01, 2023, 04:22:17 PM
 #4

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

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

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

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March 01, 2023, 06:01:14 PM
 #5

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

The reason in investing bitcoin should be just to level up financially, grow your money and get a better return of it. Beginners should not mistake bitcoin as to grow money and for making money(becoming rich).
Your reason for investing may not be mine.
I want freedom from the fiat inflation trap and want to be my own bank, independent of any third party. Bitcoin gives me control without reservations and shows that there is an alternate way to do things without relying on banks.

- Jay -

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March 01, 2023, 06:02:42 PM
Merited by fillippone (1)
 #6

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

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

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

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

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March 01, 2023, 07:22:14 PM
 #7

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

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March 01, 2023, 07:28:28 PM
 #8

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

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

I try to understand you quite okay but there is one thing we must not forget, people have priorities, needs and wants. Some people came in with the mindset to make money and enriched their profile status and to some extent is working for them but as you said reason for bitcoin is to level up your financial, to help grow your money so people believe to have stream of income that can afford them some luxury lifestyle but of a truth going into bitcoin with such mind as beginner may ends you failed the real nature of bitcoin money. Yet people can be very funny to see anything as business.
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March 01, 2023, 07:35:48 PM
 #9

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

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

etc.

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March 01, 2023, 07:56:57 PM
 #10

Beginners should learn to know bitcoin is not a reason or a way to become rich .

The reason in investing bitcoin should be just to level up financially, grow your money and get a better return of it.
They buy Bitcoin as investment most likely so they intentionally want to get rich with Bitcoin. It has nothing wrong.

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

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

R


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March 01, 2023, 08:00:46 PM
 #11

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

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

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March 01, 2023, 08:20:06 PM
 #12

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

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

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March 01, 2023, 08:26:28 PM
 #13

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

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

R


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March 01, 2023, 10:01:53 PM
 #14

My follow beginner, hope your reason in investing in Bitcoin is not thinking to live large , buy good cars and to acquire mansions.
Then a couple of lines later you contradict yourself. I have no problem with people investing in bitcoin solely for the profits. Making money can be a good motivation, it depends on how one goes about it. The disadvantage of having that mentality is those people tend to move towards shitty projects and scams. But as long as you are consistently building your bitcoin portfolio, there is no way you can be at the short end of the stick. From my observation, many people are more concerned about hodling their bitcoins long term than actually using bitcoins as a payment option for regular stuff.
 

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March 01, 2023, 10:51:00 PM
Merited by The Sceptical Chymist (3)
 #15

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

Sandra 🧑‍🦰

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March 01, 2023, 10:59:04 PM
 #16

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

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March 01, 2023, 11:05:06 PM
 #17

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

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

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

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March 01, 2023, 11:47:49 PM
 #18

My follow beginner, hope your reason in investing in Bitcoin is not thinking to live large , buy good cars and to acquire mansions. If you ask most beginners what is their reason they choose to invest bitcoin all what you will understand from their reason is just want to make in different versions. Beginners should learn to know bitcoin is not a reason or a way to become rich .
Oh you are directing your perspective about Bitcoin to the newbies like you? That's fine but we all cam learn something about Bitcoin even though the reason why we enter the cryptocurrency market may differs.one thing we need to understand is that for you to make Money from investing in Bitcoin, you must have a large holdings so when the market appreciate you will have good amount of profits from your holdings.
The market is broad and we need to understand all it is going to take us before we think of becoming a million from investing in Bitcoin.

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March 01, 2023, 11:51:43 PM
 #19



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

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

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March 02, 2023, 12:02:35 AM
 #20

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

No!.

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

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

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