gunhell16
|
|
October 26, 2023, 10:08:07 PM |
|
When people start up a company, they give it some years before they expect profits. Most times they even re-invest their profits to expand and build their company to the standard they desire and this requires time. Furthermore, when people buy stocks of a company or make investment in businesses, they give it time which run into years before they expect profits.
Unfortunately, when people buy Bitcoin, they expect huge profits within a short period of time. This is the source of panic and fud that is exhibited by many Bitcoin investors.
While educating people about Bitcoin, I think it is wise we tell them Bitcoin need time to yield profit, let us change our approach in sharing Bitcoin knowledge so that people will not come into Bitcoin with the mindset of get-rich-quick.
If the newbies expect a huge profit in a short period of time, it is better not to pursue it because they will only lose money. Because what they think is easy, they are wrong. Many have fallen into this wrong mindset. This is the kind of soldier who just attacks an army by himself, so what happens in the end is that he is just pinched or torn like a louse. That's how I can compare the newbies who immediately decide like that in crypto trading without thinking. Trading here is like a course that must be studied first before actually engaging in actual trading. Theory, train, and practice, then actual trade first of all.
|
| Duelbits | ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ | | TRY OUR UNIQUE GAMES! ◥ DICE ◥ MINES ◥ PLINKO ◥ DUEL POKER ◥ DICE DUELS | | | | █▀▀ █ █ █ █ █ █ █ █ █ █ █ █▄▄ | ███ ▀▀▀ ███ ▀▀▀ ███ ▀▀▀ ███ ▀▀▀ ███ ▀▀▀ ███ ▀▀▀ | ███ ▀▀▀ ███ ▀▀▀ ███ ▀▀▀ ███ ▀▀▀ ███ ▀▀▀ ███ ▀▀▀ | ███ ▀▀▀ ███ ▀▀▀ ███ ▀▀▀ ███ ▀▀▀ ███ ▀▀▀ ███ ▀▀▀ | ███ ▀▀▀ ███ ▀▀▀ ███ ▀▀▀ ███ ▀▀▀ ███ ▀▀▀ ███ ▀▀▀ | ███ ▀▀▀ ███ ▀▀▀ ███ ▀▀▀ ███ ▀▀▀ ███ ▀▀▀ ███ ▀▀▀ | | ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ KENONEW ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ | ▀▀█ █ █ █ █ █ █ █ █ █ █ █ ▄▄█ | | 10,000x MULTIPLIER | | ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ | | ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ |
[/tabl
|
|
|
Dunamisx
|
|
October 26, 2023, 10:18:57 PM |
|
Please sound it more clearer. People seem to mount unnecessary pressure on themselves as a result of wanting so much profits in no distant time and this is also one of the reason why alot of people get easily scammed and people should first identify and understand their target and goal in the industry as to of they will be holding for a long time or day trade as our interest are always different bjt at the long run, I also agree that most of this mentality was passed to them from people that got them into the space and when they don't get what they want and what was promised, they tend to give up and speak of cryptocurrencies which is wrong.
The first mentality that many comes in with is in seeing bitcoin as that quick and fastest means of making money, they never want to learn or even think about it that one can make losses without having any background foundational knowledge about bitcoin, this is one of the reasons we always encourages that newbies should always be patient in going through the process of learning first to understand what they are into.
|
|
|
|
mirakal
Legendary
Offline
Activity: 3304
Merit: 1292
Leading Crypto Sports Betting & Casino Platform
|
|
October 26, 2023, 10:37:12 PM |
|
Investment needs time to yield the profit. However there are some fundamental differences between crypto and non-crypto assets which should be carefully understood before buying any from the investors point of view.
Patience is something of a virtue here, you cant hope to make money from bitcoin just by buying a lot today. It will cycle through bear and bull and then you sell it to get the profit. Haste will lead to waste here and the altcoins shining out as methods to quickly get rich are horrible choices often taken by newbies and gullible people.
It's certain that all investments need a time of its own so they can prosper and be progressive in time. Same with bitcoin investment, the more you become patient to hold your coins for a longer duration, the higher the chances that you will get bigger returns. Knowing bitcoin price always appreciate year after year, then long term hodling is the key. However, not all bitcoin investors have come to realized this. What they expect is that bitcoin can give them quick profits just like any scam investment, but bitcoin works differently. The more you give time to your investment, the higher net of profits you will received. That's why some investors tend to forget their investments and just come back again after 5-10 years of hodling for massive profits.
|
..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
|
|
|
Shamm
|
|
October 26, 2023, 11:04:37 PM |
|
When people start up a company, they give it some years before they expect profits. Most times they even re-invest their profits to expand and build their company to the standard they desire and this requires time. Furthermore, when people buy stocks of a company or make investment in businesses, they give it time which run into years before they expect profits.
Even many large newly built companies do not expect profits in the first and second years. Because they know that building a business is not easy and other tools are needed as support to make their company grow. So they will still spend large amounts of capital to reach market segments according to the product development they are creating and in the first and second years they will still not target large profits. Investing is like building a business cause like what you said above mate building a business is not an easy one you must spent a big amount of money but you can't receive a profits in that Tay or that year cause it takes more time. Like in investing which is long term investment in Bitcoin we can not expect that once we buy a coin now we can earn a lot of profit tomorrow honestly speaking Bitcoin is for long term investment we can earn a big profit but in a long term.
|
|
|
|
Rengga Jati
|
|
October 26, 2023, 11:37:43 PM |
|
Unfortunately, when people buy Bitcoin, they expect huge profits within a short period of time. This is the source of panic and fud that is exhibited by many Bitcoin investors.
It's not Bitcoin that needs time but we are the ones who actually need time. We sometimes expect too much of something instantly. Even though we understand the meaning of investment. In any investment, we definitely need time so that we can achieve the targets we expect. We ourselves set the time until when we can achieve this target. If our desire is to invest in Bitcoin to become rich or get many times the profit in a very short time then you could say we are not investing, but rather something that forces circumstances to our will. without considering various surrounding factors. Bitcoin is something very valuable and that's for sure. and there will come a time when Bitcoin will rise again to its previous target until it exceeds it. so let ourselves be more patient and not rush into investing.
|
|
|
|
oktana
|
|
October 26, 2023, 11:59:32 PM |
|
When people start up a company, they give it some years before they expect profits. Most times they even re-invest their profits to expand and build their company to the standard they desire and this requires time. Furthermore, when people buy stocks of a company or make investment in businesses, they give it time which run into years before they expect profits.
Unfortunately, when people buy Bitcoin, they expect huge profits within a short period of time. This is the source of panic and fud that is exhibited by many Bitcoin investors.
While educating people about Bitcoin, I think it is wise we tell them Bitcoin need time to yield profit, let us change our approach in sharing Bitcoin knowledge so that people will not come into Bitcoin with the mindset of get-rich-quick.
Very true OP. So many people give off the idea that it's a fast and assured way to make money, however, that is not entirely true as time and patience are needed to get returns. And this is why people end up falling for scam projects. For the people who I have introduced Bitcoin, I normally give a disclaimer that it isn't magic and that patience is crucial. Hopefully, we can get the message right as it will really help reduce FUD.
|
|
|
|
Mr. Magkaisa
|
|
October 27, 2023, 03:55:03 AM |
|
- In these times, if you are capable of buying bitcoin and you have an idea, it is really good to give it and focus on it to save bitcoin. But if you just do it without understanding anything, don't do it.
And let's go back to saving Bitcoin. There are many people who do this; others spend years and months saving Bitcoin through the DCA method, and I am one of those who apply it. And I'm doing this wholeheartedly and without hesitation because I know 100% that it will really bring good savings two years from now.
|
|
|
|
Blitzboy
|
|
October 27, 2023, 11:37:57 AM |
|
Unfortunately, when people buy Bitcoin, they expect huge profits within a short period of time. This is the source of panic and fud that is exhibited by many Bitcoin investors.
It's not Bitcoin that needs time but we are the ones who actually need time. We sometimes expect too much of something instantly. Even though we understand the meaning of investment. In any investment, we definitely need time so that we can achieve the targets we expect. We ourselves set the time until when we can achieve this target. If our desire is to invest in Bitcoin to become rich or get many times the profit in a very short time then you could say we are not investing, but rather something that forces circumstances to our will. without considering various surrounding factors. Bitcoin is something very valuable and that's for sure. and there will come a time when Bitcoin will rise again to its previous target until it exceeds it. so let ourselves be more patient and not rush into investing. Its very smart to point out that its not Bitcoin that needs time, but us. Today, people are impatient and always want things right away. This is a big problem, especially when it comes to investing. Just for a moment, though, think about what investment is. At its core, its a test of how patient, tough, and smart you are. Its not investing to expect huge results in a short amount of time. Thats speculation and gambling. You are exactly right; trying to get the market or any object like Bitcoin to do what we want it to do without thinking is a very risky game. Yes, Bitcoin has value and a huge amount of promise. But getting into the crypto world takes a deep understanding of both how the market works and how to keep your wallet safe. Hacking efforts are on the rise, and digital assets are always at risk, so protecting your investments is very important. We need to know whats going on, be alert, and wait. Then we can really use Bitcoin and other cryptocurrencies for what they're meant to do.
|
..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
|
|
|
Magic-Money
Jr. Member
Offline
Activity: 408
Merit: 3
|
|
October 27, 2023, 01:46:46 PM |
|
You have said it all, because Bitcoin is not a get rich quick scheme platform, but to go get rich investing on Bitcoin is sure business that needs time and patience, while waiting, for a example of Bitcoin price for 5 years ago, can't be compared with the present price, even the cryptocurrency market is on bear market and is far better and profitable to compare with the previous bear market.
|
ARTEMIS ∞ https://artemiscoin.co (https://artemiscoin.co) ♦ SECURE PLATFORM FOR GLOBAL TRADE ♦
|
|
|
Fara Chan
|
|
October 27, 2023, 01:50:28 PM |
|
Very true OP. So many people give off the idea that it's a fast and assured way to make money, however, that is not entirely true as time and patience are needed to get returns. And this is why people end up falling for scam projects. For the people who I have introduced Bitcoin, I normally give a disclaimer that it isn't magic and that patience is crucial. Hopefully, we can get the message right as it will really help reduce FUD.
Apart from the fact that what you introduce must be understood as something that is not magic by the person who receives Bitcoin information from you, that person must also learn by himself to understand the risks and how to apply patience to what he will do by owning Bitcoin. Because the creation of FUD will always exist and will always be done by people who are proud to like Bitcoin or even don't like Bitcoin at all. So this also needs to be understood very completely by anyone because Bitcoin is getting better now and other projects are still not able to beat Bitcoin.
|
|
|
|
|