Give Bitcoin investment time

[Xcode7]

Those who want to become quick rich from bitcoin investments are most likely Bitcoin isn't perfect choice for them. They have to regret seeing the Bitcoin dump constantly. We must know how to handle Bitcoin, otherwise we can't make money. We have to have patience to get profits from Bitcoin like a real-life business. We don't have any money-making machines in the Bitcoin chain that would make us rich so quickly. This should be clear when we advise someone to make a bitcoin investment. Otherwise, how will new individuals learn about Bitcoin investment? Also, we have to explain what the actual goal of Bitcoin is beyond investment. So they will learn properly about Bitcoin.

It is very dangerous for someone who wants to get rich quickly from investing in Bitcoin, many incidents actually make them miserable, what's more, they don't have enough knowledge, so they will be tested when the Bitcoin price drops after they make a Bitcoin purchase transaction. Panic is what triggers panic selling, so that the final results do not match initial expectations, but for those who have good knowledge, bearish times like this are suitable to collect bitcoins and wait until the bullish season occurs to sell them

In any investment, it will not be profitable for those who are greedy, there is no investment that promises to get big profits in a short time, so that must be understood first.
Greed can destroy everything even for those who have excellent skills in trading, but the effects of greed can destroy their trade or investment.
In trading or investing, the main thing you have to learn is self-control, accompanied by knowledge about trading and investing.
Bitcoin has quite fast and significant movements, but even so it is not easy to take advantage, so don't ever assume this is an easy thing and then do it carelessly.

[Poker Player]

It is very dangerous for someone who wants to get rich quickly from investing in Bitcoin...

Not only with Bitcoin. In general, wanting to get rich quick is a bad idea because it usually ends up with you losing your money instead of getting rich. And even in the cases that succeed, such as those who win the lottery, there is a majority that after 5 years have lost everything and in some cases are even more indebted than before they won the prize.

[traderethereum]

It is very dangerous for someone who wants to get rich quickly from investing in Bitcoin...

Not only with Bitcoin. In general, wanting to get rich quick is a bad idea because it usually ends up with you losing your money instead of getting rich. And even in the cases that succeed, such as those who win the lottery, there is a majority that after 5 years have lost everything and in some cases are even more indebted than before they won the prize.

Usually, it will come to greedy people who want to make a profit in a short time.
Yes, they end up losing money instead of getting rich but they don't stop trying other "opportunities" because they still think they can get rich quickly in a short time.
This mindset must be changed immediately because otherwise, they will never make money from anything.

If they intend to invest in bitcoin, they should also learn more about bitcoin so they know what they need to do before and after they invest in bitcoin.
If they are not willing to learn more about bitcoin, they will panic when the market changes direction many times.
And if that happens, they could miss out on opportunities to make a profit.

[Dr.Osh]

that's because many people think that bitcoin is the fastest way to get rich. they see many people getting rich by using bitcoin. However, they don't know how the person is trying to make a lot of money with bitcoin. They assume that buying bitcoin, then waiting a few days, then the price will rise very high.
It's not wrong if people think that bitcoin is a way to get rich, but it also requires time and analysis. There are many things to consider when holding bitcoin. Especially if we are targeting big profits, then we also need to increase our patience.

[Adams0001]

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.

Many people invest in bitcoin in the hopes of becoming wealthy soon, but this is not possible, you must be patient over time to realize the benefits If you are in a hurry to get money, I feel you will lose since you did not take the time to properly plan so that you may enjoy the rewards Many individuals do not have time to learn about Bitcoin, since they simply want to get wealthy You cannot become wealthy quickly you must work hard because success does not come without many hurdles, In bitcoin investment  you will gain and lose but if you leave it for a long time you will earn more than you lose.

Bitcoin investment is not for everyone because many people will think it is a fraud If you try to explain how bitcoin investment works to some individuals, they will assume you intend to swindle them or they will claim they don't want to risk their money I don't believe many people will succeed now without risk, therefore I prefer to explain bitcoin investment to my younger siblings because I know they will trust me and follow my recommendations.

[Altryist]

Not only with Bitcoin. In general, wanting to get rich quick is a bad idea because it usually ends up with you losing your money instead of getting rich. And even in the cases that succeed, such as those who win the lottery, there is a majority that after 5 years have lost everything and in some cases are even more indebted than before they won the prize.

There are also other examples where those who won the lottery maintain and increase their wealth. The same can be said about Bitcoin, for someone it will be enough for 5 years for their purchase of Bitcoin to bring a good profit, and for someone during this time, at best, they will only be able to return what they put in, or if they buy high and sell cheaper, they will receive losses.

It all depends on the individual, the ability to manage your finances, manage your fears and emotions. This is all difficult work, everything related to finance is not easy, and in order to achieve results you need to work on your personality.

[Accardo]

Not only with Bitcoin. In general, wanting to get rich quick is a bad idea because it usually ends up with you losing your money instead of getting rich. And even in the cases that succeed, such as those who win the lottery, there is a majority that after 5 years have lost everything and in some cases are even more indebted than before they won the prize.

There are also other examples where those who won the lottery maintain and increase their wealth. The same can be said about Bitcoin, for someone it will be enough for 5 years for their purchase of Bitcoin to bring a good profit, and for someone during this time, at best, they will only be able to return what they put in, or if they buy high and sell cheaper, they will receive losses.

It all depends on the individual, the ability to manage your finances, manage your fears and emotions. This is all difficult work, everything related to finance is not easy, and in order to achieve results you need to work on your personality.

Yeah, the behavior of the person, can result to their efforts towards maintaining wins. Such as the desire to show off or win huge through bitcoin is like gravity. It can't endure delays. The person will be forced to move their money and throw it on their show off attitude. And others have personal means of extinguishing the fire of desires to spend on what doesn't matter in their life. However, since gambling is one top priority of that person, he'll keep doing it. There, his advancement to garner gambling skills would come to play. Most people don't care about how little there sold. What matters to them is their personality. Those disciplined gamblers maintain good monetary behavior. Although we tend to hear much about the stories of careless gamblers, losing everything on lifestyle on gambling. Than others who deliberately manage their gambling activities, money wise. Such people also exist in bitcoin bull and bear race. But the disadvantage is that they'll lose out. But, since it doesn't feel like they've lost completely. By holding some fractions of their bitcoin investments in fiat. They'll always do what's on their mind. We also have such people that sell after a bullish run. At least they went home with huge profits. That can set them financially free. With the duration different for every investor who made it to the bullish time. How much they invested in the business. While bitcoin requires time and patience, we need to make it count. At least investing on what will create happy profits. And I can't say, how bad it'll be for a person who is indebted because of bitcoin. Just like in Poker player's quote. Such personalities who find themselves in bitcoin is still better, because the bitcoin is safe and can be used to settle such problems. According to the season of bitcoin. The gambler being able to take loans to keep up with the standard of his gambling activities. Will easily be indebted with no source of paying some of the money owed. Hence behaviors and attitude goes a long way to explain people who act like this, not minding the field they fell into. Some fields can be favorable than the other. 

[Obari]

Most times, people see bitcoin as a get rich scheme and suddenly mount so much pressure on it there by seeking every possible way to milk and make profit from it and suddenly end up blowing their accounts. I also once spoke about this issue and from my observations , one of the major causes of all these are from preachers of bitcoin and cryptocurrency because most times, when people introduce bitcoin and cryptocurrency to others , they give them so much hope and inculcate in them the mindset of an instant profit and even giving them a time frame as if they could manipulate the market and when the target isn’t met, their prospect becomes disappointed and seek other ways to make profits.
If you’re holding for long term, please do without fear else, define your purpose for holding and stick to it.

[bettercrypto]

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.

Many folks are doing the same thing you mentioned. Perhaps many people are planning for Bitcoin's halving next year. Of course, I am one of them. Although there are still many doubts about Bitcoin, it is no longer our concern; rather, it is their concern.

Now, if you have Bitcoin in your balance address and are waiting for the halving or bull season, it might not be a terrible idea to put it into staking or farming so that you can earn right immediately, right? as long as the platform is still DYOR.

[lombok]

that's because many people think that bitcoin is the fastest way to get rich. they see many people getting rich by using bitcoin. However, they don't know how the person is trying to make a lot of money with bitcoin. They assume that buying bitcoin, then waiting a few days, then the price will rise very high.
It's not wrong if people think that bitcoin is a way to get rich, but it also requires time and analysis. There are many things to consider when holding bitcoin. Especially if we are targeting big profits, then we also need to increase our patience.

Time, analysis and patience. That's a complete package that someone who is determined to invest in Bitcoin must have.

It takes time to get maximum results from BTC investments, not months or 1-2 years, sometimes it takes 5 to 7 years before we can feel the results.

This analysis is also important as you said, even though we invest we also have to take advantage of opportunities in purchasing BTC. From the analysis we can see the BTC trend at that time whether it is in a bearish or bullish phase, the resistance and support levels where we can determine purchases according to these factors so that we can get the lowest average price and if the BTC price rises we will get a profit directly. maximum too. Buy with a limit without rushing is the best way.

Both stages require a strong mentality and patience. A healthy mentality will maintain your patience in making successful investments.

[Uruhara]

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.

Education like this is necessary for beginners who have just learned about Bitcoin. Sometimes beginners are so enthusiastic about bitcoin because they think that bitcoin can make them make quick profits. But fortunately, in the end, many beginners then learn independently and begin to understand that Bitcoin is indeed better as a long-term investment, not short-term. So now we can see more and more wallets storing bitcoin and their growth is increasingly rapid. And yes, the wrong mindset and understanding are the source of mental problems and panic in holding Bitcoin.

[LogitechMouse]

~
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.

That's what volatility can change someone's thinking on Bitcoin.

They think like "Ohhh Bitcoin's volatile therefore, I can get more profits in a shorter amount of time because price can increase immediately, and anytime." While this is true and it really happens (like what happened a few days ago when a fake news about Blackrock's Spot ETF getting accepted already), if you really want to maximize your profits, waiting for a longer time, or selling during the bull run is the way to go. Don't expect that if you invest today, a few weeks from now you will double your money. Is it possible though? Yes, but not on Bitcoin, and what are the chances for it to happen? Low to very low.

To all investors out there, unless you're a trader then give your investment some time to grow. Bitcoin isn't like a quick rich project like other companies out there are offering (obviously a scam). For those who are sharing knowledge with regards to Bitcoin to other people, I guess telling from the get-go that it isn't a quick rich scheme would be a good idea to lower their expectations. Capital appreciation takes time whether it would be stocks, bonds, or even in crypto.

[MarjorieZimmermanGinger]

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.

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 the same with fake investments, which most people are tricked into because they promise big profits quickly. Investment will be proportional to the amount of capital we put in and the bigger the capital we put in, the bigger the profit we get. That's how investment works and we can't make quick profits if we only rely on small capital, even if you try to invest in bitcoin.

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.

Never give the impression that Bitcoin can generate large profits in a short time, because it can affect people's psychology and mentality. It's best to provide education about how to invest properly and what strategies they can use if they don't have large capital. In this way, they will learn to make money by investing in Bitcoin correctly and know how to minimize the risks that arise from the investments they make.

[Blitzboy]

~
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.

That's what volatility can change someone's thinking on Bitcoin.

They think like "Ohhh Bitcoin's volatile therefore, I can get more profits in a shorter amount of time because price can increase immediately, and anytime." While this is true and it really happens (like what happened a few days ago when a fake news about Blackrock's Spot ETF getting accepted already), if you really want to maximize your profits, waiting for a longer time, or selling during the bull run is the way to go. Don't expect that if you invest today, a few weeks from now you will double your money. Is it possible though? Yes, but not on Bitcoin, and what are the chances for it to happen? Low to very low.

To all investors out there, unless you're a trader then give your investment some time to grow. Bitcoin isn't like a quick rich project like other companies out there are offering (obviously a scam). For those who are sharing knowledge with regards to Bitcoin to other people, I guess telling from the get-go that it isn't a quick rich scheme would be a good idea to lower their expectations. Capital appreciation takes time whether it would be stocks, bonds, or even in crypto.

People often fall for the volatility trap, expecting Bitcoin or other cryptocurrencies to become them instant billionaires. Your point? Right on. Many miss the long game, where the true treasures are, in pursuit of immediate profits. A price increase today doesnt guarantee sustainable growth. Pull of instant gratification? Reasonable but imperfect. Blackrock's recent news? A clear example of how unconfirmed information can influence market sentiment.

I agree wholeheartedly about setting expectations. Crypto can yield high profits, but its not a lottery ticket. That must be emphasized. Investing in bitcoin, equities, or bonds takes patience. Anyone promoting easy cash? Red flags should appear immediately. We must emphasize investing's reality and drown out quick-rich claims.

[Orpichukwu]

I think everyone here already knows that. I think it's more important not to push people into Bitcoin. If they are interested themselves - you can tell them everything you think you should. But just doing that from nothing is kinda pointless.

There are people who are already interested in bitcoin, but they don't have the best coach to guide them, and the problem here most times is not about being interested in bitcoin but rather about the kind of information the person has that convinced them to pick interest in bitcoin. Information matters a lot, and I believe the kind of information we give to people about something is what makes them take the decision they take on that thing.
 
Some people have learned how to buy bitcoin, store it, and protect it from being stolen from them, but one thing that they lack is the ability to play a blind eye to bearish markets, the ability to be patient and wait for the right time to sell, the ability to overcome whatever sad news always comes to the crypto world, and the ability to make good use of opportunity when one presents itself and doesn't think about the blockchain as a Ponzi scheme because that's where most people's problems come from.

[TakeItEasy]

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.

Traders need to get help through patience, if a person is saying that he is a good trader he must have some patience but I can say more patience. As it is a key to its successful journey in trading, we can't push people they buy bitcoin as it is everyone's own choice which helps him a lot and in which business he is more comfortable. Patience needs to be used in crypto but in all trading scenarios, we should take help.

Also in the companies or any other investment plans, they are completely different from trading. Because they have less risk and they are in a person's control trading is not in a person's control and no one knows when the price of any coin will go further up and when we can see the price of a coin is going down. It happens sometimes eventually while sometimes it takes a lot of time even a year. Same in the case of Bitcoin too, no one knows when it is going to pump. So it is a different thing we can observe.

[Marvell1]

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Now, if you have Bitcoin in your balance address and are waiting for the halving or bull season, it might not be a terrible idea to put it into staking or farming so that you can earn right immediately, right? as long as the platform is still DYOR.

I consider this the worst idea because to be able to stake or farm to increase the number of bitcoins, you need to give your bitcoins to centralized platforms and that is too risky. Instead of looking to increase your bitcoin by taking such a big risk, why don't you work hard and save more to buy bitcoin? Halving is approaching, price increase season is approaching, don't face too big a risk in return for a small profit. Hold onto your bitcoins in a non-custodial wallet and wait for the bull season to arrive.

[DabsPoorVersion]

...

...

Now, if you have Bitcoin in your balance address and are waiting for the halving or bull season, it might not be a terrible idea to put it into staking or farming so that you can earn right immediately, right? as long as the platform is still DYOR.

I consider this the worst idea because to be able to stake or farm to increase the number of bitcoins, you need to give your bitcoins to centralized platforms and that is too risky. Instead of looking to increase your bitcoin by taking such a big risk, why don't you work hard and save more to buy bitcoin? Halving is approaching, price increase season is approaching, don't face too big a risk in return for a small profit. Hold onto your bitcoins in a non-custodial wallet and wait for the bull season to arrive.

The same thing applies to me. I'd rather keep my invested Bitcoin to a wallet that is on my care, making it grow through staking that offers a small amount of interest is not really worth the risk. DCA, the only thing to do while waiting for the halving and until it shows an effect, just do DCA. Instead of taking a risk to earn bitcoin by staking, make it grow by adding your investment every month.

Until the price of bitcoin is still stable, starting to do DCA right now is a great idea. A year or more, the outcome of that investment will show an unexpected result. Just be patient and take the opportunity to invest as much as you can.

[Questat]

You've got the point OP. People think that Bitcoin investment is a quick rich scheme where most buyers/investors that are new in crypto will be thinking that buying today will generate a profit after a few days. Having that kind of investment behavior will certainly end up selling their Bitcoin at a small profit or sometimes at loss.

Well, of course, we have nothing to wonder why impatient people are not successful in investment. Perhaps, they never know what is investment is all about and it was pretty hard to educate them when their mind were already closed. That is why not all have become an investor as not all also are willing to wait.

[DeathAngel]

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.

Absolutely agree with everything you state here. Lots of newbie bitcoin investors have a really immature mindset. Most people who have done really well in bitcoin have, themselves, been through devastating bear markets where their investment sunk to depths that made them fearful. The key, those guys will tell you, is to have the fortitude to be brave & hold through those uncertain times. Only with time & skin in the game can you make big money.