Give Bitcoin investment time

[adultcrypto]

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.

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[Pandji02]

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.

[Adbitco]

One thing I noticed is impatient among the newbies investors since their mindset are always focused on profits maximisation and, secondly other thing that counts again is the approach just as you said, people didn't give them the real concept and how it works. I could remember someone telling me he will invest when bitcoin price is going up saying that now is too dip that he doesn't want to lose his money.. and I was like you don't want to buy dip and sell when is coming upor hold for long term? And he said yes then I didn't want to go Into argument with him because I know he is not ready to learn so I didn't go further telling him to buy because it's against his wish and whatever that comes out of it I may bear the blame.

[Tytanowy Janusz]

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.

Stock investors also often expect quick profits. There's nothing wrong with that, after all, someone has to provide capital for experienced investors. Every market participant is important to the market. Is he swinging from longs to shorts, providing liquidity, or is he buying high, expecting big returns, while providing capital to smart money.

And speaking of the approach to bitcoin, I suspect that you live in your own bubble, where this is the approach to bitcoin (it's nothing bad, everyone lives in their own bubble and rarely sees things objectively.) Older users who have already survived several bull runs and bear markets have a different approach, and statistics prove that number of long-term investors grows and they hold more than 3x the amount of bitcoin that shor-term holders hold.

[Latviand]

One thing I noticed is impatient among the newbies investors since their mindset are always focused on profits maximisation and, secondly other thing that counts again is the approach just as you said, people didn't give them the real concept and how it works. I could remember someone telling me he will invest when bitcoin price is going up saying that now is too dip that he doesn't want to lose his money.. and I was like you don't want to buy dip and sell when is coming upor hold for long term? And he said yes then I didn't want to go Into argument with him because I know he is not ready to learn so I didn't go further telling him to buy because it's against his wish and whatever that comes out of it I may bear the blame.

That's because the people that have introduced them to bitcoin probably was embellishing stories and they don't balance out the negatives and the positives that bitcoin has, they solely focus on positives because they want the people to receive the bitcoin gospel wholly so they try to not talk about the negatives more often. Maybe it's the impatience, but I think that misinformation also plays a key role why newbies fail or experience loss early on their investment journey.

[Fiatless]

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.

People who want to make quick money should be discouraged from investing in bitcoin. This is because they don't know the difference between bitcoin and altcoin which is why they assume bitcoin is like those coins that can be pumped and dumped easily.

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 are very correct @OP,  people should know that bitcoin is not a money-doubling scheme or a get-rich-quick venture. They should come as long-term investors if they want to really benefit from bitcoin.  People should also know that the price of Bitcoin is unpredictable so they should be willing to readjust their plans in case the price falls short of their expectation at a given time.

[OgNasty]

They say that Bitcoin is a world changing technology dressed up as a get rich quick scheme. I personally like the saying that the revolution is monetized. One thing that has always proven to be true is that Bitcoin rewards those with the longest time preference. With the nature of Bitcoin, I think that could very well always be true.

[Outhue]

It's not Bitcoin only, when people run their own business they have the mind of leading a good life with the business and when things aren't working out like they planned they will quit, I am a fashion designer and it's been 8 good year's that have been running my business now, there are some who started the same business as me at the time, now they closed down the business because of the country situations, but I don't because I believe I can keep the business alive and still do other things, I have customers from other countries including the U.S and U.K, crypto made me found them, it was a long story.

When you are running a business you don't have to see the business as the only way to bring food ro your table, be open to other ideas and you will grow better from there, back to Bitcoin discussion, it's true that Bitcoin investors want quick returns and they easily get tired of holding their Bitcoin but I believe that's because of fear in them, they don't understand Bitcoin but that doesn't stop them from been a part of Bitcoin.

They believe Bitcoin is more risky than their jobs, I think it's because they have no complete trust in Bitcoin, if not, they would prefer to hold for a very long time, I have a big sister who is also acting the same way, when I questioned her about Bitcoin investment I detect that she feels unsafe with Bitcoin.

[Y3shot]

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.

The volatility of bitcoin should even be a good reason for people not to be in a hurry to make profit,  since volatility has great enfluence in the market of bitcoin people don't need to predict when they can make profit from the Market.  Volatility is what you can predict,  it takes investors unaware in the market.  Their is no need to rush yo make profits from Bitcoin because Bitcoin is a longtime investment that people needs to be very patience with the market to get better profit from their investment.

Bitcoin really need time but some people just want to make the profit by their own time or prediction which is not supposed to be so. Bitcoin is unpredictable, that people needs not to rush to make money from it.

[AprilioMP]

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.

And the mindset of wanting to get rich quickly in a short period of time is very wrong. Usually people with this mindset are very close to the brink of disappointment.
People who view bitcoin as a tool to quickly get rich and see crypto as just about making money are not worthy of taking part as 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.

About convenience and disadvantages. About opportunities in facing the challenges of the economic system. It would be wise if in educating people about bitcoin we explain the two types.
Why bitcoin was created is the main point that needs to be conveyed because it is to steer them away from the bitcoin mindset of just making money.

[JunaidAzizi]

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 needs 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.

obviously, every investment requires a specific time and people give them but those who are less thinkers or have short concepts criticize that why up to now my profit is no start and they think that today we invest money tomorrow we will get profit and when it will not happen the same they plan they got disappointed and leave that business. Similarly, people who do not know about bitcoin think it is a quick rich game but in actually it's not happening  and the price only goes up after one year of halving those persons who are investing in bitcoin now and hold it for the bull  run that I think that is the wise person i  

[Nrcewker]

Exactly! People thinks they will become rich overnight after investing in Bitcoins. But the reality is that Bitcoins are like any other investments, with some additional features. Here also the risk of loss remains same and it takes time to get good profits. If you don’t have patience, then Bitcoins are not for you. Give time to Bitcoins and it will surely give back profits. Bitcoins are for long term investments, atleast for 4 years. Don’t expect any good profits before that.

[Dunamisx]

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.

But why is it that most people were not ready to follow the normal procedures and get the desired results, people are being desperate to have the outcome of what they have invested on immediately, inpatient and greed causes this from those who are willing to make an Investment but without doing the right thing.

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.

When people rush into making an investment about bitcoin, they will lack the resistant to how they can avoid loosing their investment to hack or scam, this means that they are having little or zero knowledge about it, things like this causes FOMO amidst rush hour investors.

[stadus]

Bitcoin cannot be fully compared to running a company in the real world. In traditional business, you need stability in your income to be confident about the future success of your enterprise. However, when it comes to Bitcoin, it's more like riding a roller coaster. You experience both bullish and bearish seasons, yet you still have to hold, with the goal of selling your Bitcoin at a certain high price. If this kind of roller coaster ride were to happen to your company, it wouldn't be a good sign; businesses are at risk of going bankrupt under such conditions.

[.gustafson]

I couldn't agree more. It's like people are caught up in this instant gratification frenzy. Building a business or investing, whether in stocks or Bitcoin, it's all about patience. The get-rich-quick mindset is a recipe for panic and disappointment. We need a reality check here, folks!

[Ever-young]

Inpatient is not thing that most people who come into crypto do have, and that’s what usually makes them to be thinking that if they invest in bitcoin today they expect profit very fast without knowing the fact that it took time for it to get where it is today and price don’t just move the way they expect it to move.

Sometimes the reason why most newbies don’t have patient is as result of what they have had about bitcoin and how people praise bitcoin how it has change their life in a short period of time, so they enter the market with that same mindset thinking everything will work out just fast as they think it does. Newbies  not having proper information is what usually make them think that way and they need to learn how bitcoin works so that they can’t stop being in a hurry all the time.

[lombok]

Exactly! People thinks they will become rich overnight after investing in Bitcoins. But the reality is that Bitcoins are like any other investments, with some additional features. Here also the risk of loss remains same and it takes time to get good profits. If you don’t have patience, then Bitcoins are not for you. Give time to Bitcoins and it will surely give back profits. Bitcoins are for long term investments, atleast for 4 years. Don’t expect any good profits before that.

If we recognize the characteristics of BTC well and are able to take advantage of opportunities from its price movements, I don't think it's a problem to use BTC as a quick money multiplier. But remember, this can be done by people who really know about BTC and its price movements, pro traders who have good analysis. However, the mistake is that many people are tempted by the results of traders who are able to take advantage of BTC price movements and people with minimal analysis experience, even newbies, jump in and try their luck. Unfortunately, they don't get profits but losses.

[hd49728]

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.

They are unsure about future of Bitcoin and they did not know how strong Bitcoin has been after going through three past halvings and many attacks "Bitcoin is dead".

So far, Bitcoin has been still alive, not dead so what can not kill Bitcoin, actually make it stronger.
https://99bitcoins.com/bitcoin-obituaries/
https://buybitcoinworldwide.com/bitcoin-is-dead/

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 is important but it is not enough but people need time and experience to control themselves better. When they have more experience, they will likely become stronger Bitcoin believers and sure with better knowledge about Bitcoin history and failed attacks against Bitcoin. So their hands will be stronger and won't feel panic with market fud.

[Hatchy]

Unfortunately, when people buy Bitcoin, they expect huge profits within a short period of time. 

That is for people who might not know much about Bitcoin or heard about it from the wrong sources. Many people are drawn to Bitcoin because they think they can get rich quickly, but that's not true. You might come across online courses that promise to teach you how to make money with Bitcoin every day, but it's not that easy, especially if you're not an expert. If you're talking to someone about Bitcoin, it's important to tell them that it's not a quick way to get rich, and it takes time to make a profit when you invest in it.

[irhact]

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.

Most individuals investing into Bitcoin think they'll get rich after few weeks of investing in Bitcoin because they see others getting rich but they didn't know how long those individual have been holding. After investing in Bitcoin, we have to give it time so when we're selling we can get big profits. If anybody wants to start making profits after investing in Bitcoin then they should trade as they can create more opportunities to make money if they make a correct prediction.

When we invest in Bitcoin during the bear market then we can make profits in the bull market. All the individuals that are making big profits are long term investors therefore if we want to make the same profits then we need to change our perspective about the market by not thinking it's a quick rich business.