Bitcoin is not a get rich quick scheme.

[Lida93]

It's not entirely wrong to view Bitcoin as a quick money gain, as it can be faster than investing in property or stocks. However, the problem lies in how people approach it, making Bitcoin not meet their expectations. They should understand the basics of Bitcoin first before making significant investment decisions just because they see their friends succeeding in the world of Bitcoin.

What you say is true when compared to other investments, BTC can become rich if they study Bitcoin properly and correctly. Maybe more precisely, Bitcoin can make people rich if they maintain it and are patient. If Bitcoin is a get-rich-quick scheme, this is just wrong because BTC investment is not like that, everything requires analysis and process so that we can get big profits in the future.

Many out there, especially those who are still beginners, view Bitcoin as a quick way to riches, so when they don't achieve what they want they will say Bitcoin is a scam. In essence, no investment is a get rich quick scheme, it all requires time and patience.

Bitcoin investment is not hard to understand and follow through with, aside from having the capital to invest which is not enough because you will also need the knowledge too to navigate the market , without the knowledge as a newbie you can invest wrongly and start blaming that it's a scam.

With the proper knowledge you would know when it's the dip and how to take advantage, it's surprising to note that there are newbies that can't in clear cut distinguish the dissimilarity between technical analysis and fundamental analysis, for all they are focused on is making profit not knowing that the secret to making profits in cryptocurrency is knowledge. Which is why they have to learn first before all else.

[DanWalker]

I've been in this industry since 2016 and I've yet to be rich by conventional standards. Goes to show that this industry's not about making anyone with half a brain be rich as what outsiders are trying to paint it out to be. In the bitcoin and crypto industry you really have to put in the work and the patience in order to reap the benefits. For crying out loud even the whales in the bitcoin network had to wait for more than 12 years to even reach this amount of money like jesus christ how "quick" was that lol.

This industry's fast-paced, yes, it pays well yes, its profit potential's higher than any investment venture you could ever check out for sure. but you have to make an effort and an initiative to make a name and a killing in this industry.

I'm not saying that bitcoin or cryptocurrency is a get rich quick scheme. But just because you joined in 2016 and are not yet rich, you hastily concluded that this market cannot get rich faster than other markets, which is not entirely true. In my opinion, cryptocurrency is like other financial markets, we get rich quickly or slowly depending on each person's level and skills. It doesn't depend on how long we are in the market, because there were so many people entering the market in 2020 and 2021, they also became rich.

Bitcoin is not a get rich quick scheme but clearly with its volatility it gives us the opportunity to become rich faster than other markets.

[Rabata]

Bitcoin fluctuation behavior may be considered by many to be a get-rich-quick scheme, but in reality, to reach that position, one must take a lot of risk, which is not a get-rich-quick scheme for everyone. Some investors try to invest on the suggestion of others without knowing anything about Bitcoin and after a few days when Bitcoin turns bearish from a bullish movement, those investors panic and quickly sell that Bitcoin to cut their losses, thus they face big losses instead of profits. Bitcoin is not a get rich scheme for them.

But it could be a get rich scheme for those who know about Bitcoin and hold Bitcoin for a long time depending on its potentiality, but it depends on how much assets the investor holds.

[Y3shot]

It's not entirely wrong to view Bitcoin as a quick money gain, as it can be faster than investing in property or stocks. However, the problem lies in how people approach it, making Bitcoin not meet their expectations. They should understand the basics of Bitcoin first before making significant investment decisions just because they see their friends succeeding in the world of Bitcoin.

What you say is true when compared to other investments, BTC can become rich if they study Bitcoin properly and correctly. Maybe more precisely, Bitcoin can make people rich if they maintain it and are patient. If Bitcoin is a get-rich-quick scheme, this is just wrong because BTC investment is not like that, everything requires analysis and process so that we can get big profits in the future.

Many out there, especially those who are still beginners, view Bitcoin as a quick way to riches, so when they don't achieve what they want they will say Bitcoin is a scam. In essence, no investment is a get rich quick scheme, it all requires time and patience.

Bitcoin investment is not hard to understand and follow through with, aside from having the capital to invest which is not enough because you will also need the knowledge too to navigate the market , without the knowledge as a newbie you can invest wrongly and start blaming that it's a scam.

With the proper knowledge you would know when it's the dip and how to take advantage, it's surprising to note that there are newbies that can't in clear cut distinguish the dissimilarity between technical analysis and fundamental analysis, for all they are focused on is making profit not knowing that the secret to making profits in cryptocurrency is knowledge. Which is why they have to learn first before all else.

Investing in Bitcoin is not a difficult task, people just need to understand the volatility of the market, it is something that is unpredicted.  When the market is being studied very well it is very easy for people invest in Bitcoin,  people  think they can become rich from bitcoin because they lack understanding. Bitcoin is a longtime investment that people needs to have patience to wait , some beginners always think that Bitcoin is something that they can start investing and get money immediately from it.

[Bushdark]

Bitcoin fluctuation behavior may be considered by many to be a get-rich-quick scheme, but in reality, to reach that position, one must take a lot of risk, which is not a get-rich-quick scheme for everyone. Some investors try to invest on the suggestion of others without knowing anything about Bitcoin and after a few days when Bitcoin turns bearish from a bullish movement, those investors panic and quickly sell that Bitcoin to cut their losses, thus they face big losses instead of profits. Bitcoin is not a get rich scheme for them.

But it could be a get rich scheme for those who know about Bitcoin and hold Bitcoin for a long time depending on its potentiality, but it depends on how much assets the investor holds.

There is nothing like get rich scamm when it comes to cryptocurrency. If we are opportune to make quick profits from the market, that does not mean that it is a get rich scheme. It is good when we look for good strategy for us to make quick profits from the market.
The market is easy to trade and make profits if we have the capital and information that would enable us to get what we want from the market. The capital we have is what will attract us to the kind of profits we want to make from the market.

[fullhdpixel]

I should say only fools believe on bitcoin as a get rich quick. Even beginners have the idea that bitcoin is for long term investment, unless if they take it for granted and still insist that bitcoin could still offer them profits quickly.

But the reality is, sometimes the world of Bitcoin attracts new people who think that when someone gets rich quickly with Bitcoin, others come for that reason. It's indeed challenging to provide a basic understanding of Bitcoin when someone comes in solely for the profit gains shared by their friends on social media. The person sharing it on social media doesn't necessarily highlight the hard work they put in to achieve those results, and some see it as instant success.

It's not entirely wrong to view Bitcoin as a quick money gain, as it can be faster than investing in property or stocks. However, the problem lies in how people approach it, making Bitcoin not meet their expectations. They should understand the basics of Bitcoin first before making significant investment decisions just because they see their friends succeeding in the world of Bitcoin.

I don't find anything challenging in that if the person who has such a mindset for whatever reason is in front of you you can talk on one to them. Just tell them that yes, Bitcoin does provide profit on investments and it's sometimes quick as well, but it doesn't mean that you can get rich overnight or maybe in a week or in a month. There are possibilities of that happening when you invest in some altcoins that manage to gain significant value in a very short period of time, but that carries enormous risk since the odds of that happening are very tiny.

A person who is sensible and understanding can easily understand if things are explained in a good way. As you mentioned, people who share screenshots of their profits and portfolios just to flex don't realize that there are people who might take that differently and start dreaming without knowing the actual process behind all that.

[qwertyup23]

It's not entirely wrong to view Bitcoin as a quick money gain, as it can be faster than investing in property or stocks. However, the problem lies in how people approach it, making Bitcoin not meet their expectations. They should understand the basics of Bitcoin first before making significant investment decisions just because they see their friends succeeding in the world of Bitcoin.

What you say is true when compared to other investments, BTC can become rich if they study Bitcoin properly and correctly. Maybe more precisely, Bitcoin can make people rich if they maintain it and are patient. If Bitcoin is a get-rich-quick scheme, this is just wrong because BTC investment is not like that, everything requires analysis and process so that we can get big profits in the future.

Many out there, especially those who are still beginners, view Bitcoin as a quick way to riches, so when they don't achieve what they want they will say Bitcoin is a scam. In essence, no investment is a get rich quick scheme, it all requires time and patience.

Bitcoin investment is not hard to understand and follow through with, aside from having the capital to invest which is not enough because you will also need the knowledge too to navigate the market , without the knowledge as a newbie you can invest wrongly and start blaming that it's a scam.

With the proper knowledge you would know when it's the dip and how to take advantage, it's surprising to note that there are newbies that can't in clear cut distinguish the dissimilarity between technical analysis and fundamental analysis, for all they are focused on is making profit not knowing that the secret to making profits in cryptocurrency is knowledge. Which is why they have to learn first before all else.

Investing in Bitcoin is not a difficult task, people just need to understand the volatility of the market, it is something that is unpredicted.  When the market is being studied very well it is very easy for people invest in Bitcoin,  people  think they can become rich from bitcoin because they lack understanding. Bitcoin is a longtime investment that people needs to have patience to wait , some beginners always think that Bitcoin is something that they can start investing and get money immediately from it.

When it comes to investment, people tend to overestimate their expectations vs reality- I mean, it is not bad to dream big or to think of earning huge amounts of money in a short amount of time. But the difficult thing is being consistent with all the investments.

Cryptocurrency investment (or BTC) is something that should be fundamentally understood by the person investing before taking action. People should be aware of its potentials due to its unique characteristic being volatile- meaning its price changes every minute.

I just hope that people who invest think that there is no easy way of investing- if BTC investing were that easy, then everyone would be rich now.

[Y3shot]

But it could be a get rich scheme for those who know about Bitcoin and hold Bitcoin for a long time depending on its potentiality, but it depends on how much assets the investor holds.

It can get you rich accept you want to hodl your coin forever but what I know invest in bitcoin can really give a good profit,  expecially buying from the dip . For people who really understand the market they can get good profit from the market,  but people who think money can be made from bitcoin quick , I think bitcoin is not for them because bitcoin is unpredicted and the investment is always profitable when it  is longtime. People always think different when they do not have good understanding about bitcoin 

[Ben Barubal]

I've been in this industry since 2016 and I've yet to be rich by conventional standards. Goes to show that this industry's not about making anyone with half a brain be rich as what outsiders are trying to paint it out to be. In the bitcoin and crypto industry you really have to put in the work and the patience in order to reap the benefits. For crying out loud even the whales in the bitcoin network had to wait for more than 12 years to even reach this amount of money like jesus christ how "quick" was that lol.

This industry's fast-paced, yes, it pays well yes, its profit potential's higher than any investment venture you could ever check out for sure. but you have to make an effort and an initiative to make a name and a killing in this industry.

  We can all be rich in the future; we just have different times when it will happen in our lives. And there is no one who does not want to be rich, and there are many ways for people to become rich.

  It was only then that Bitcoin and cryptocurrency were added to become tools to make us rich. We just need the right method and the right process because one little mistake can go back to the beginning.

[BitcoinTurk]

Unfortunately, Bitcoin and any other cryptocurrencies (except Shitcoin and Memecoin) aren't an investment tool that will allow us to get rich in a very short time. Of course, since cryptocurrency markets are volatile markets there is a potential for profit from sudden price movements but such movements never cause a person to become rich in a very short time. In addition, like other financial assets, Bitcoin is an investment tool and an option that a person can choose to evaluate his/her capital.

Generally, we see that people who think they will get rich in a very short time by purchasing Bitcoin have new ideas about Bitcoin and other cryptocurrencies, only examine the lives of very rich cryptocurrency investors and believe that there are very high profits in cryptocurrencies. For this reason, it wouldn't be wrong to claim that many individuals who are completely distant from the facts and have just entered the cryptocurrency markets think this way.

Finally, I would like to remind you that during the bull period in 2017 many people dreamed of getting rich very quickly by purchasing Bitcoin but due to the subsequent bear period they saw that Bitcoin reached purchasing levels after a long waiting period of approximately 2-3 years.

[MarjorieZimmermanGinger]

  We can all be rich in the future; we just have different times when it will happen in our lives. And there is no one who does not want to be rich, and there are many ways for people to become rich.

The problem of someone becoming richer may be unpredictable, but don't dream of becoming richer if someone is not supported by good financial strength. Everyone wants to be rich, but not everyone can achieve the opportunity to become rich. Wealth cannot be separated from how a person prepares and needs financial strength to achieve true wealth. Then the question is, where will we get the capital if we want to become rich?

  It was only then that Bitcoin and cryptocurrency were added to become tools to make us rich. We just need the right method and the right process because one little mistake can go back to the beginning.

There is almost no chance for people to achieve quick riches in bitcoin if they are not supported by large capital for investment. Imagine if today you have a small amount of money to invest in bitcoin, then if bitcoin experiences a significant price increase, it won't necessarily make you rich. Moreover, if you make a mistake when investing, it is certain that a loss will make someone lose everything.

[armanda90]

There is almost no chance for people to achieve quick riches in bitcoin if they are not supported by large capital for investment. Imagine if today you have a small amount of money to invest in bitcoin, then if bitcoin experiences a significant price increase, it won't necessarily make you rich. Moreover, if you make a mistake when investing, it is certain that a loss will make someone lose everything.

Regarding with how much fund used for investing in bitcoin there are less chance for every one get rich quickly scheme and need progress with bitcoin going up to higher price. Not any significant way to be rich by investing money in bitcoin because many success person in bitcoin investment need longer time waiting for earning much profitable. Actually bitcoin is not only as the way to be rich in quickly but also have opposite way to be poor when wrong way by investing in bitcoin and less patience waiting for bitcoin back to higher price.

Some people still memorize with bitcoin success raised all time high price and many of them brave for investing although have been on highest price, if not patience they will sell bitcoin in lower price and become one side how get loss much in bitcoin investment, but if can patience waiting they will earn profit when bitcoin return to the higher price.

[Sim_card]

It's not entirely wrong to view Bitcoin as a quick money gain, as it can be faster than investing in property or stocks. However, the problem lies in how people approach it, making Bitcoin not meet their expectations. They should understand the basics of Bitcoin first before making significant investment decisions just because they see their friends succeeding in the world of Bitcoin.

What you say is true when compared to other investments, BTC can become rich if they study Bitcoin properly and correctly. Maybe more precisely, Bitcoin can make people rich if they maintain it and are patient. If Bitcoin is a get-rich-quick scheme, this is just wrong because BTC investment is not like that, everything requires analysis and process so that we can get big profits in the future.

Many out there, especially those who are still beginners, view Bitcoin as a quick way to riches, so when they don't achieve what they want they will say Bitcoin is a scam. In essence, no investment is a get rich quick scheme, it all requires time and patience.

Bitcoin investment is not hard to understand and follow through with, aside from having the capital to invest which is not enough because you will also need the knowledge too to navigate the market , without the knowledge as a newbie you can invest wrongly and start blaming that it's a scam.

With the proper knowledge you would know when it's the dip and how to take advantage, it's surprising to note that there are newbies that can't in clear cut distinguish the dissimilarity between technical analysis and fundamental analysis, for all they are focused on is making profit not knowing that the secret to making profits in cryptocurrency is knowledge. Which is why they have to learn first before all else.

From my own perspective, I think that what newbies need to know if they want to invest in bitcoin is for them to know that it should be in a long term invest and that they should only use the amount that will not be problem to their monthly expenses and emergency funds. After that, they can go ahead to start buying with such amount weekly, or monthly, and they should not think of selling so soon, in order for them to lower the risky in bitcoin investment. They can think of selling after four years and above. Bitcoin investment is worth waiting for to ripe in a long term and this is where patience is needed.

[MarjorieZimmermanGinger]

Regarding with how much fund used for investing in bitcoin there are less chance for every one get rich quickly scheme and need progress with bitcoin going up to higher price. Not any significant way to be rich by investing money in bitcoin because many success person in bitcoin investment need longer time waiting for earning much profitable. Actually bitcoin is not only as the way to be rich in quickly but also have opposite way to be poor when wrong way by investing in bitcoin and less patience waiting for bitcoin back to higher price.

Some people still memorize with bitcoin success raised all time high price and many of them brave for investing although have been on highest price, if not patience they will sell bitcoin in lower price and become one side how get loss much in bitcoin investment, but if can patience waiting they will earn profit when bitcoin return to the higher price.

The formula remains that it is impossible to get rich quickly by investing in bitcoin and if someone invests large amounts of money in investment it means they already have wealth before and it is not because of bitcoin that they become richer in a short time. On the other hand, we do not have to agree that Bitcoin will make people poor as long as those involved in investing do not make mistakes resulting from panic. Knowledge will pave the way for people to invest in bitcoin and if they know what to do then I am sure they can avoid panic scenarios that make people experience losses.

More precisely, Bitcoin can give someone financial freedom through the schemes and strategies that he applies, the consistency of this method can lead someone to be better off financially. The path to expanding investment has many ways as we have discussed in the forum, depending on how one maximizes it and tries to take advantage of the smallest opportunities possible.

[Bitcoin_people]

When most people first hear about Bitcoin, they think that investing in Bitcoin is a get-rich-quick strategy. But basically this is completely wrong because it is not possible to get rich quick by investing in Bitcoin but it is possible to get rich only if you invest for long term. When I first came to know about Bitcoin, I thought that investing in Bitcoin might be a quick way to make money and get rich. Later when I gradually learned about this I saw with such planning and right eyes that it is not possible to get rich quick but only a matter of time. Bitcoin investment is a plan to hold it for a long period of time to be profitable, moreover it is not possible to get rich quick by investing in Bitcoin. An investor must have full faith in Bitcoins and hold on to them patiently for future growth. Without patience one can never gain, because patience is the root of all power and patience alone can reach the point where a person can be successful. And investment must be patient but huge amount of money can be made in future and profit from Bitcoin is possible only by long term investment. By investing in Bitcoin wait until the market reaches ATH, when the bull market starts then surely an investor will get double profit and profit.

[flyingcarpet]

When most people first hear about Bitcoin, they think that investing in Bitcoin is a get-rich-quick strategy. But basically this is completely wrong because it is not possible to get rich quick by investing in Bitcoin but it is possible to get rich only if you invest for long term. When I first came to know about Bitcoin, I thought that investing in Bitcoin might be a quick way to make money and get rich. Later when I gradually learned about this I saw with such planning and right eyes that it is not possible to get rich quick but only a matter of time. Bitcoin investment is a plan to hold it for a long period of time to be profitable, moreover it is not possible to get rich quick by investing in Bitcoin. An investor must have full faith in Bitcoins and hold on to them patiently for future growth. Without patience one can never gain, because patience is the root of all power and patience alone can reach the point where a person can be successful. And investment must be patient but huge amount of money can be made in future and profit from Bitcoin is possible only by long term investment. By investing in Bitcoin wait until the market reaches ATH, when the bull market starts then surely an investor will get double profit and profit.

Long-term investing in Bitcoin has never resulted in a loss. Those who invest with the hope of profit in the short term usually do not achieve what they want. Generally, those who first invested in Bitcoin think as you say. As he spends time in the market, investors begin to act smarter.

Many negative things are said about Bitcoin, but every time Bitcoin gets rid of these negativities and continues on its way. I think Bitcoin will continue on its path as solidly as it has so far

[Suzume]

Yes you are right bitcoin help to rich but not quickly. Those we hold bitcoin here and have knowledge about bitcoin we all know how much time and dedication you need to hold bitcoin. If you want to rich quickly then Bitcoin is not for you try another way. Bitcoin is the way that can give you surety to get profit when you invesment but it will take time. Many have wrong things about bitcoin I also have wrong thinks about bitcoin before joining in the forum and gain knowledge about bitcoin. Those wrong this told us that bitcoin is the way to get quick rich scheme.

[Volimack]

Getting rich on bitcoin will take a while nothing is possible fast. Those who think that it is possible to get rich quickly in bitcoin have very little knowledge about bitcoin. By investing in bitcoin investors earn profits but they have to wait for a long period of time. Bitcoin can become a get rich quick scheme if the price of bitcoin rises. For this the investor needs to plan to hold for a long term so it is better to learn about bitcoin well before proceeding.

[Cryptmuster]

Long-term investing in Bitcoin has never resulted in a loss. Those who invest with the hope of profit in the short term usually do not achieve what they want. Generally, those who first invested in Bitcoin think as you say. As he spends time in the market, investors begin to act smarter.

Many negative things are said about Bitcoin, but every time Bitcoin gets rid of these negativities and continues on its way. I think Bitcoin will continue on its path as solidly as it has so far

Bitcoin has every chance of going down x3 this year, and this despite the fact that I constantly hear that Bitcoin cannot bring fast big profits, that it has become clumsy and the like. Yes, Bitcoin always makes a profit as a long-term investment, whoever can buy and hold will get a good result, this is a simple and working formula. This year, Bitcoin has become a more attractive investment than altcoins, although some altcoins have also risen well and continue to grow behind Bitcoin.

[R100K-Martin-Lunger]

Absolutely, approaching Bitcoin investment with a long-term perspective is key, it’s not a get-rich-quick scheme. Bitcoin's volatility, while offering potential gains, isn't ideal for instant returns due to its mostly stable growth. Strategies like dollar-cost averaging (DCA) promotes consistency, aligning with long-term objectives for continuous portfolio growth. I would also say that altcoins presents a better opportunity for profit, given their heightened volatility. While Bitcoin provides the stable foundation, the larger fluctuations in altcoins especially during the bull runs when historically there is an upward trend over all, can be an avenue for profit for those following a more potentially lucrative investment approach.
I tend to keep majority of my investments in bitcoin with some in altcoins and constantly rebalance my portfolio so that I have a consistent profit growth that exceeds even bitcoins.