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Y3shot
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October 18, 2023, 09:52:08 PM
 #81

The first investment that investors need to make before investing in Bitcoin is to learn all the advantages and disadvantages of Bitcoin. The most important capital is knowledge, not money. When you fully understand the nature of Bitcoin, you will be wiser in responding to Bitcoin market conditions. Patience, time and emotional control can help you become a successful investor. Bitcoin is not a get rich quick scheme, if you make the wrong decision, you will lose all the capital allocated to invest.
To be able to invest bitcoin well is to understand bitcoin,  not having understanding of bitcoin one will think starting investing money to make one rich can be made so fast. It is the understanding of bitcoin that makes people to wait for so long for the bull market.  But when the understanding is not their are money things to much about bitcoin,  like making money from it so fast and also predicting the time the bull market will come. Understanding is the basic thing people needs to strive for because understanding bitcoin it is impossible to have the patience  to wait for the bull market.

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October 18, 2023, 10:03:13 PM
 #82

The first investment that investors need to make before investing in Bitcoin is to learn all the advantages and disadvantages of Bitcoin. The most important capital is knowledge, not money. When you fully understand the nature of Bitcoin, you will be wiser in responding to Bitcoin market conditions. Patience, time and emotional control can help you become a successful investor. Bitcoin is not a get rich quick scheme, if you make the wrong decision, you will lose all the capital allocated to invest.
To be able to invest bitcoin well is to understand bitcoin,  not having understanding of bitcoin one will think starting investing money to make one rich can be made so fast. It is the understanding of bitcoin that makes people to wait for so long for the bull market.  But when the understanding is not their are money things to much about bitcoin,  like making money from it so fast and also predicting the time the bull market will come. Understanding is the basic thing people needs to strive for because understanding bitcoin it is impossible to have the patience  to wait for the bull market.
Unfortunately, it is already been our mind that after buying Bitcoin we can make a profit after, and not it talk years but just days or weeks only. That is why a lot of people got scammed because of that thinking and these scammers take advantage of situations where they offer returns within 24 hours after deposit.

As we don't understand how it works and have no deep knowledge about investment -- the more chances that we get to the point of quitting and selling off our coins as we can't wait longer. And much more if that is a loan money used for our capital.

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October 18, 2023, 10:51:00 PM
 #83

...
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.

There are still many people out there who don't understand anything at all about Bitcoin, they think Bitcoin is one of the bubble projects, gambling and so on. In fact, Bitcoin is an investment asset that can provide profits because its value can change in the future. The saddest thing I've ever heard is that, because of a lack of education about Bitcoin, some scammers collect a lot of people's money with the lure of investing in Bitcoin, but the reality is not like that, these fraudsters actually take away other people's money that they have collected, as they go along time, we have to know the ins and outs of bitcoin.



BIG WINNER!
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October 18, 2023, 11:18:26 PM
 #84

The first investment that investors need to make before investing in Bitcoin is to learn all the advantages and disadvantages of Bitcoin. The most important capital is knowledge, not money. When you fully understand the nature of Bitcoin, you will be wiser in responding to Bitcoin market conditions. Patience, time and emotional control can help you become a successful investor. Bitcoin is not a get rich quick scheme, if you make the wrong decision, you will lose all the capital allocated to invest.
To be able to invest bitcoin well is to understand bitcoin,  not having understanding of bitcoin one will think starting investing money to make one rich can be made so fast. It is the understanding of bitcoin that makes people to wait for so long for the bull market.  But when the understanding is not their are money things to much about bitcoin,  like making money from it so fast and also predicting the time the bull market will come. Understanding is the basic thing people needs to strive for because understanding bitcoin it is impossible to have the patience  to wait for the bull market.

It may not have to be bitcoin alone now, everything we do in making business requires time, this will be the procedures to the requirements needed for the invest made to mature and yield it kind for us, that is why we should stop encouraging for a quick time return on investment because if they don't undergoes these process, they are likely to be fake or scam, no body will give us money in return on investment made within 24hrs, what have they also achieved with the use of our money if not that they would have scammed others to give us their money, so a good investment need time to make profits no matter how small or big.



.
.BIG WINNER!.
[15.00000000 BTC]


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October 18, 2023, 11:26:05 PM
 #85

There are still many people out there who don't understand anything at all about Bitcoin, they think Bitcoin is one of the bubble projects, gambling and so on.
That's very true, they think that it's just a fad and a bubble and still don't recognize the greater achievements that it has got over a period of time. They treat it as a gamble because of how speculative it is and it's intangible.

In fact, Bitcoin is an investment asset that can provide profits because its value can change in the future. The saddest thing I've ever heard is that, because of a lack of education about Bitcoin, some scammers collect a lot of people's money with the lure of investing in Bitcoin, but the reality is not like that, these fraudsters actually take away other people's money that they have collected, as they go along time, we have to know the ins and outs of bitcoin.
The problem is those fraudsters while they use Bitcoin as their getaway from stealing people's funds. Those who lack knowledge about Bitcoin think that it's the actual scam and not those fraudsters and scammers who are using it as their means of scamming people. And that gives the idea for the non bitcoiners that they should avoid it because of potential scam and they don't want to dig deeper the whole thing and understand that it's being abused by the scammers. Well, it's their loss and not ours when we took risk and spent time to understand it, we do get the whole point.

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October 19, 2023, 04:33:51 AM
 #86

To be able to invest bitcoin well is to understand bitcoin,  not having understanding of bitcoin one will think starting investing money to make one rich can be made so fast. It is the understanding of bitcoin that makes people to wait for so long for the bull market. 
To be honest, I agree more like this because indeed to reach the stage of maturity in investment in Bitcoin must understand Bitcoin first. There is no wealth like the lottery obtained because it requires a process to become a richer person and capital will determine the level of profit we will get.

But when the understanding is not their are money things to much about bitcoin,  like making money from it so fast and also predicting the time the bull market will come. Understanding is the basic thing people needs to strive for because understanding bitcoin it is impossible to have the patience  to wait for the bull market.
Because the existence of knowledge can bring someone to conclusions about understanding trust in Bitcoin. The level of trust is not born just because seeing others benefit from Bitcoin but we must foster trust through direct involvement in it. We will get predictions, cycles and halving as long as they continue to be consistent in the investment and Bitcoin will bring someone to reach the stage of financial freedom.

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Rupok
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October 19, 2023, 06:28:54 AM
 #87

People think it is easy to make profit from Bitcoin, you are right they invest in other platforms never expect to profit so fast.  But only by investing in Bitcoin they expect quick profit.  But they don't know that enough time is required to earn profit from Bitcoin.  Most of the investors in the trading sector are impatient because they are always worried about the profit.  Bitcoin is not an investment for the impatient.People who don't understand anything about Bitcoin and lack of education about Bitcoin face the risk of investing on the impulse of others.

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October 19, 2023, 07:05:39 AM
 #88

Investment is not a thing we should rush into, sometimes we should give it more time, in terms of profit making, it's good to be just patient to make profits, profits don't come in just a day or week from investment, investments should be given more time and not rush.
It is a bit hard to make a profit from Bitcoin investment mostly a big profits and again knowledge is one side part of profits, if an investor have a knowledge but don't yet have money to invest in Bitcoin, one day the person might still have money to invest.

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October 19, 2023, 07:16:27 AM
 #89


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.
those are the people that does not completely understand Bitcoin nature and they don't even know what are the advantage of waiting here than taking it eaily.
investments takes time that is why being called Investing.
Quote
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.
actually the best way is to Just tell them what is bitcoin and let them read and understand from this forum of what more they need to understand.

it is the best way how to lure them and not to make them stupidly seeking for easy money.









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Popkon6
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October 19, 2023, 07:49:09 AM
 #90

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.

Investing in Bitcoins can't be over greedy because if you over greed you will continue to face losses. Investing in Bitcoin should be done for the long term. Many investors actually invest in a company, they stay patiently for a long time and don't give up on the company even if the profits are limited. But there are also investors who come and invest in Bitcoin and get a small profit, but they can't forget the Bitcoin small profit and sell the Bitcoin again. So this should never be done, investing in Bitcoin for a long time will definitely make the portfolio much bigger. So if one wants to invest Bitcoin price is very low at present so it is good time to invest for long term. Because in future its price will increase more and then your benefit will be more.

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Bitcoin_people
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October 19, 2023, 07:53:59 AM
 #91

When people take the initiative to create a business or a company, there is definitely a need for time. Moreover, if he is to advance in the field of business, he must take a lot of time and time is of the utmost importance. No trader can bring profit in a short period of time rather any action taken takes a long time to be successful. That's why I think it would be completely foolish to invest in Bitcoin and expect to make a profit within a short period of time. Because investing in bitcoins must be patient and wait for a long period of time but it will be possible to make a profit. However, an investor should be most aware of the fact that investing in bitcoins will not make you rich in a short period of time. To get rich by investing in bitcoins, only those who have to wait long until the bitcoin market changes will be successful.

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October 19, 2023, 08:05:15 AM
 #92

...

...

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.

You should continue to accumulate or DCA if you have money left, do it until the real bull season comes, but in case you don't have any money left to continue your DCA strategy, hold your bitcoins in a non-custodial wallet. Don't put your bitcoins at risk just to make a small profit on centralized platforms. Why have many people still not learned any lessons after the FTX incident or leading lending platforms like BlockFi, Celsius Network...? The risk is that we will lose everything while the profit is not even 10% per year, it is really not worth the risk.

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October 19, 2023, 08:42:40 AM
 #93

When people take the initiative to create a business or a company, there is definitely a need for time. Moreover, if he is to advance in the field of business, he must take a lot of time and time is of the utmost importance. No trader can bring profit in a short period of time rather any action taken takes a long time to be successful. That's why I think it would be completely foolish to invest in Bitcoin and expect to make a profit within a short period of time. Because investing in bitcoins must be patient and wait for a long period of time but it will be possible to make a profit. However, an investor should be most aware of the fact that investing in bitcoins will not make you rich in a short period of time. To get rich by investing in bitcoins, only those who have to wait long until the bitcoin market changes will be successful.

You're right, everyone knows that making money from business or any job is not easy and takes a lot of time. Even though we are salaried workers, we still have to work hard for 26 to 30 days to receive our small salary. So why might we think that bitcoin can help us get rich quickly?  If that were true, would it still be available to us? Bitcoin is like any other investment or business, everything requires knowledge, skills and time to conquer it. No success is easily achieved without paying a price.

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October 19, 2023, 08:52:59 AM
 #94

Bitcoin is not for everyone, if you need money fast to rescue yourself from financial difficulties Bitcoin isn't the answer, you need a job and start making some income every month, do not come near Bitcoin if you don't have a job unless you aren't a man with some responsibility

I was able to survive the faucets and raindrop journey in my parents house because I was been feed by them everytime, I was not lacking a lot and all I have in mind is to build a strong foundation with Bitcoin, I was able to do it successfully because of my parents help and I am glad it paid off very well.

If you already have a family to look after, a wife or a husband,  what you need isn't Bitcoin because its a long journey to start making money off Bitcoin, what you need is a job or start up a business, investments are only good when you are able to take money out of your salary and put it into Bitcoin or other assets.

Today everyone is looking for a fast money grab, Bitcoin isn't going to provide that, it's a long term way of making money, most people don't have patience with investment because they are doing it wrong.
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October 19, 2023, 09:58:59 AM
 #95

...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.

Not as always based on your statement people who made a good run of cashflow from the other assets made a profit but other than the bitcoin, they already made a good knowledge in investment so its not as easy as that they make an investment in bitcoin and then lose all of that possible income they made, they are experienced investor, and know what the strategy they will make to gain profit here too in crypto.



...Today everyone is looking for a fast money grab, Bitcoin isn't going to provide that, it's a long term way of making money, most people don't have patience with investment because they are doing it wrong.

If people want an easy money bitcoin i not for them only who has the capability to make an investment only can get on the ride with the market volatility, and to the new comers stop thinking that as always bitcoin or the crypto will save you for your financial freedom without having a good understanding of it.

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tygeade
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October 19, 2023, 10:36:23 AM
 #96

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.
Not your keys, not your coins.
Staking your coins on any platform is unofficially losing your coins to that platform operators.

Holding your coins in non custodial wallet and only you hold its private key is a safe practice. I don't see convincing reason to stake my coins anywhere to get low APY but if it gives me high APY, that is abnormal and I smell risk of scam or Ponzi.
I agree that type of thinking and people who are not veterans should be a lot more careful but personally I do not really deal with that. I can't really bother with "not your keys not your coins" at this stage of my life, ı trust Binance more than I trust myself at this point, plus I have connection to my account anywhere in the world and do not have to carry anything. I am at a different IP? They want to ask something? I know my google auth, my mail, my password and I have an image of myself anytime they want to ask that, with my ID as well.

So all in all, it is going to be something easy and doesn't really bother me. I get that you may not like that, and there are a lot of people who do not like that type of thinking, but even the biggest companies are doing that, you think places like microstrategy put in that much money and put it on some cold wallet? Of course not, they use companies like coinbase to store their wealth there and they are protected in that sense.

Ayers
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October 19, 2023, 10:51:36 AM
Last edit: October 19, 2023, 11:05:19 AM by Ayers
 #97

Bitcoin is not for everyone, if you need money fast to rescue yourself from financial difficulties Bitcoin isn't the answer, you need a job and start making some income every month, do not come near Bitcoin if you don't have a job unless you aren't a man with some responsibility

Bitcoin is for everyone but not everyone is willing or able to accept it, but if one day they have better conditions then they can come back at any time, bitcoin always welcomes them. But don't consider investing or trading bitcoin as our main source of income, if we have economic difficulties then work and employment are what we need.

I was able to survive the faucets and raindrop journey in my parents house because I was been feed by them everytime, I was not lacking a lot and all I have in mind is to build a strong foundation with Bitcoin, I was able to do it successfully because of my parents help and I am glad it paid off very well.

If you already have a family to look after, a wife or a husband,  what you need isn't Bitcoin because its a long journey to start making money off Bitcoin, what you need is a job or start up a business, investments are only good when you are able to take money out of your salary and put it into Bitcoin or other assets.
I do not agree with this because I am a married person with 2 children. My life is even better thanks to investing in bitcoin instead of my main job, even though bitcoin is not my main source of income. Having a family or not is not the problem, the problem is that if you have a good bitcoin investment plan, everything will be fine.

Today everyone is looking for a fast money grab, Bitcoin isn't going to provide that, it's a long term way of making money, most people don't have patience with investment because they are doing it wrong.

Bitcoin cannot bring you daily or monthly income for you to serve your family. But compared to other investments like real estate or gold, bitcoin is a get-rich-quick investment compared to the other two.

Y3shot
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October 19, 2023, 11:46:49 AM
 #98

People think it is easy to make profit from Bitcoin, you are right they invest in other platforms never expect to profit so fast.  But only by investing in Bitcoin they expect quick profit.  But they don't know that enough time is required to earn profit from Bitcoin.  Most of the investors in the trading sector are impatient because they are always worried about the profit.  Bitcoin is not an investment for the impatient.People who don't understand anything about Bitcoin and lack of education about Bitcoin face the risk of investing on the impulse of others.
The reason why people thinks they can get profits so fast from bitcoin investment is because they do not understand bitcoin,  they don't give their time to understand how bitcoin works. Someone with the right sense and understanding of bitcoin knows it is a longtime investment.  It is only those who are so desperate and ignorant  would think bitcoin is a way to make profit in a short time constantly. Their has been no time people invest in Bitcoin and make profits so quick the way people always expect it. Making profits from Bitcoin can't be predicted which people don't need to be in a rush to make money, good profit can only be gained by being patience.

Blitzboy
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October 19, 2023, 12:44:03 PM
 #99

Bitcoin is not for everyone, if you need money fast to rescue yourself from financial difficulties Bitcoin isn't the answer, you need a job and start making some income every month, do not come near Bitcoin if you don't have a job unless you aren't a man with some responsibility

I was able to survive the faucets and raindrop journey in my parents house because I was been feed by them everytime, I was not lacking a lot and all I have in mind is to build a strong foundation with Bitcoin, I was able to do it successfully because of my parents help and I am glad it paid off very well.

If you already have a family to look after, a wife or a husband,  what you need isn't Bitcoin because its a long journey to start making money off Bitcoin, what you need is a job or start up a business, investments are only good when you are able to take money out of your salary and put it into Bitcoin or other assets.

Today everyone is looking for a fast money grab, Bitcoin isn't going to provide that, it's a long term way of making money, most people don't have patience with investment because they are doing it wrong.
Your first argument is significant: Bitcoin is not a quick fix for financial problems. Indeed, a constant work or income source is essential for immediate financial stability. However, Bitcoin is often seen as a short-term solution to long-term issues. Bitcoin is a long-term, strategic investment, as shown by your trip, parents' support, and foundation. Bitcoin, like investments, requires patience, which many people lack or misunderstand.

Your second point hits home. The temptation of 'quick money' has misled many. Bitcoin and other investments arent about instant gratification. They're about forethought, long-term planning, and financial security to save for future rewards. Its sad that many think 'get-rich-quick'. Investors must comprehend their nature, and you seem to have.

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SmartCharpa
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October 19, 2023, 02:34:43 PM
 #100

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.

You're correct, OP That is all we need to know in order to succeed in life. Those who lack patient will never succeed because good things take time and are never accomplished quickly. As you stated, a business cannot open its doors and expect to make a large profit the same year. Instead, it must first set high standards before things can proceed as expected. At that point, patient is required in order for the business to continue operating. Otherwise, we would be unable to see progress in the company.

Likewise, the same thing applies to investing in bitcoin. When you start investing for a year without telling anyone, when you make a significant profit from your long-term investment, if people around you notice some changes in your life they will want to start investing as well, but what we have over each other in life is that patient not all of us can leave our money in investment from a year some people will be thinking that risk is too long to take for them and you want to be successful. We must be patient, work hard today, and appreciate our hard work tomorrow while investing in any financial institution, not just bitcoin. Some people view even a monthly investment as too long.

R


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