Bitcoin is not a get rich quick scheme.

[Blitzboy]

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.

Investment in bitcoin is a marathon. It's true that many enter Bitcoin hoping to make rapid money but find they need patience and strategy. Key point: All investments include risk and informed decision-making, including bitcoin. Let's not ignore prudence.

Keeping Bitcoin for a long time could offer big rewards. The market's unpredictability is another factor. Understand market trends, risk management, and patience - not just trust Bitcoin. So, while Bitcoin has high returns potential, it's important to be optimistic and realistic. Rapid wealth? Unlikely. Gains over time? Yes, but only with a solid plan and determination.

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[bitterguy28]

Every Investments has their potentials , this only change about how the system of that investment area goes , if they are legit and working then two things may happen .
you may Gain , or You may Lose ..

Bitcoin investing never become a ride and become rich quickly ( not unless you are good in timing and come to buy in lowest , sell in highest) but even if this may take some time to gather that earning.

If you are truly investor then you will not seek for easy money , instead you will trust the system and follow all the necessary way to gain and earn.

[ivankoh]

With bitcoin, I think anything is possible. Bitcoin gives people the expectation of getting rich, making money or achieving financial freedom. Depending on the actions, plans, and risk management thinking that each person can build. Personally, I feel bitcoin is more of a path to financial freedom than a get rich quick or profitable long term investment that promotes financial awareness and value retention. .

[Steph.A]

Well I think for most knowledgable people cryptos are the way to freedom rather than money.

[Z_MBFM]

Bitcoin could be used as get rich quick if you trade it in futures, I think many people use this when they believe in Bitcoin and at the same time they want to take a big risk. Since most of them hold their coins in CEX, they don't feel if Bitcoin fee is high and should carefully to send it.

It's not about discussing holding Bitcoin must in non custodial wallet or don't trade in futures, but the CEX give such feature and that make people use Bitcoin like that.

Bitcoin is a potential coin by investing here it is not possible to get rich quick but long term investment is possible to get rich.  And if someone wants to earn money quickly then in that case he has to do Future Trading  Leverage up to 125x for Bitcoin in Future Trading. so here it is possible to trade equivalent to $12500 with just $100.  But here again there is high risk as this $100 will be liquidated if the price of Bitcoin drops just a few dollars.  So it is better not to do futures trading because there is a huge possibility of fund being 0. So from here it is possible to get rich as quickly as it is possible to get poor quickly

[Ryu_Ar1]

With bitcoin, I think anything is possible. Bitcoin gives people the expectation of getting rich, making money or achieving financial freedom. Depending on the actions, plans, and risk management thinking that each person can build. Personally, I feel bitcoin is more of a path to financial freedom than a get rich quick or profitable long term investment that promotes financial awareness and value retention. .

Even if such a thing can be felt but saying this is one of the schemes to get rich quickly is still a mistake because after all when talking about investment, there must be a vulnerable time that must be used as a guideline for the process because after all I prefer to say as you say where bitcoin is one of the ways to get financial freedom but with the mindset of beginners there are always those who think that this is the easiest way to get wealth due to lack of information and the wrong initial mindset.

This must be realized that such thoughts will always exist even I also previously thought the same thing but what distinguishes me then and now is experience and learning because it is important so that there needs to be further learning for those beginners who always think about this because however this depends on ourselves because everyone is in bitcoin does not mean they can be successful because of the wrong initial thinking.

[barisbilgili]

With bitcoin, I think anything is possible. Bitcoin gives people the expectation of getting rich, making money or achieving financial freedom. Depending on the actions, plans, and risk management thinking that each person can build. Personally, I feel bitcoin is more of a path to financial freedom than a get rich quick or profitable long term investment that promotes financial awareness and value retention. .

By collecting Bitcoin it will indeed make it easier for us to achieve financial freedom, but it is very important for us to be able to understand well the strategy for collecting it in order to gain profits because if we cannot understand it well then this will cause us to lose the assets we have collected and will not be able to enjoy the profits from the investments we make.

Choosing to make long-term investments will indeed enable us to gain profits and most people use strategies to collect them and this takes a long time, so it is important for us to organize our strategies well so as not to experience disruption in the process we carry out.

[elwinsmith]

Bitcoin isn't a get-rich-quick scheme. Patience, discipline, and a long-term approach are crucial for sustainable returns. Altcoins pose higher risks.   

[goldkingcoiner]

I would definitely argue that Bitcoin is rather a get-rich-slow scheme. And it only works if you hodl.

It really takes a long time but from historical chart data we can see that if you hodled Bitcoin at any time within the last few years, you would be considerably, relatively richer than you were before. Fiat is the poor mans money, and it is designed to make him even poorer in time. Why anyone would rather not buy Bitcoin and forget about fiat, is a mystery to me.

[kawetsriyanto]

With bitcoin, I think anything is possible. Bitcoin gives people the expectation of getting rich, making money or achieving financial freedom. Depending on the actions, plans, and risk management thinking that each person can build. Personally, I feel bitcoin is more of a path to financial freedom than a get rich quick or profitable long term investment that promotes financial awareness and value retention. .

Anything possible?  
Sure, people will have a chance to be rich by investing in Bitcoin. However, being rich doesn't happen instantly. We need to learn how to invest in a proper way, so we can optimize the chance for the profits. Learning will take a process, it may take a long time. We don't automatically have sufficient knowledge about Bitcoin and crypto.

How do you define "financial freedom"? Do you mean to improve our financial level?
If we succeed in Bitcoin investment, surely we will improve our financial. But don't forget that there are also people who failed in Bitcoin investment. They even make their financial worse. So, don't only consider the good things in Bitcoin investment, we need to be aware of the possible negative things.

[Manny@11111]

I could remember when Bitcoin was first introduced to me, even other crypto, it was sold as something that will turn me to a billionaire over night but based on my understanding I know aside those get rich quickly scheme that we all know are scam no investment can offer that and I started reading and researching about it.

Bitcoin should be seen from a long term investment angle like 5 to 10yrs to be able to give us that financial freedom we desire

[cozytrade]

Many people think that investing in Bitcoin is a get-rich-quick strategy. And they invest in Bitcoin without fully knowing about Bitcoin. A kind of desperation works in them when they don't see quick cash after investment. They never want to try to understand bitcoin get rich slow scheme. Those who have minimal knowledge about Bitcoin must understand that investing in Bitcoin requires investment for a long period of time to get a decent profit. I think the impatient person can't expect much from Bitcoin investment. Only those who invest with patience and time have succeeded in Bitcoin investment

[Obim34]

I could remember when Bitcoin was first introduced to me, even other crypto, it was sold as something that will turn me to a billionaire over night but based on my understanding I know aside those get rich quickly scheme that we all know are scam no investment can offer that and I started reading and researching about it.

Bitcoin should be seen from a long term investment angle like 5 to 10yrs to be able to give us that financial freedom we desire

It is very wise of you becoming so inquisitive to learning rather than just depending on how it was first introduced to you. Yes, the person who introduced Bitcoin and some other crypto currencies to you needed to exaggerate a little so as to pick your interest into investing in it.

It is very possible of Bitcoin making you a Billionaire or Millionaire depending on your investment and your strategy applied but in the case of doing it over night not possible as it will take longer time to do so. Having this knowledge about Bitcoin will make you understand the essence of having patience so as not to sell off due to expecting much or when the market becomes highly volatile so you don't panick and sell.

[Inwestour]

I would definitely argue that Bitcoin is rather a get-rich-slow scheme. And it only works if you hodl.

It really takes a long time but from historical chart data we can see that if you hodled Bitcoin at any time within the last few years, you would be considerably, relatively richer than you were before. Fiat is the poor mans money, and it is designed to make him even poorer in time. Why anyone would rather not buy Bitcoin and forget about fiat, is a mystery to me.

That’s right, fiat money is too susceptible to inflation and if you keep your savings in fiat money, then it will only lead to their depreciation, especially since this is true now in times of the global crisis.

Bitcoin may not be the only way to store the value of our savings, but Bitcoin is definitely one of the best ways to make excellent profits in a relatively short time. Over 2023, you could increase your investment several times, and this is just a great investment because it didn’t require a lot of my attention, I just buy and hold.

[leonair]

Many people think that investing in Bitcoin is a get-rich-quick strategy. And they invest in Bitcoin without fully knowing about Bitcoin. A kind of desperation works in them when they don't see quick cash after investment. They never want to try to understand bitcoin get rich slow scheme. Those who have minimal knowledge about Bitcoin must understand that investing in Bitcoin requires investment for a long period of time to get a decent profit. I think the impatient person can't expect much from Bitcoin investment. Only those who invest with patience and time have succeeded in Bitcoin investment

It is not possible to get rich by investing in Bitcoin, but it is possible to get rich quickly by trading a little, but the trade must be Future trading.  But it has high risk as get rich quick here trading balance goes to zero quickly. So to trade here you must be able to afford to lose.  And never invest everything there together because if someone does, he can lose everything like gambling. So instead of getting rich quick by investing in bitcoins, long term investment should be patient and profits should be earned.

[jeraldskie11]

Many people think that investing in Bitcoin is a get-rich-quick strategy. And they invest in Bitcoin without fully knowing about Bitcoin. A kind of desperation works in them when they don't see quick cash after investment. They never want to try to understand bitcoin get rich slow scheme. Those who have minimal knowledge about Bitcoin must understand that investing in Bitcoin requires investment for a long period of time to get a decent profit. I think the impatient person can't expect much from Bitcoin investment. Only those who invest with patience and time have succeeded in Bitcoin investment

It is not possible to get rich by investing in Bitcoin, but it is possible to get rich quickly by trading a little, but the trade must be Future trading.  But it has high risk as get rich quick here trading balance goes to zero quickly. So to trade here you must be able to afford to lose.  And never invest everything there together because if someone does, he can lose everything like gambling. So instead of getting rich quick by investing in bitcoins, long term investment should be patient and profits should be earned.

People who doesn't really know what Bitcoin is, are the ones who said it was a get rich quick scheme. Imagine if they literally invested in Bitcoin and let's ask them after a couple of days if they get rich with their investment, I'm sure they will admit that they are wrong with their first statement. Bitcoin is not a get rich quick schemes but if you know how Bitcoin really works like you know the reason behind it's ups and downs then you will probably benefit it's volatility.

[Natalim]

Many people think that investing in Bitcoin is a get-rich-quick strategy. And they invest in Bitcoin without fully knowing about Bitcoin. A kind of desperation works in them when they don't see quick cash after investment. They never want to try to understand bitcoin get rich slow scheme. Those who have minimal knowledge about Bitcoin must understand that investing in Bitcoin requires investment for a long period of time to get a decent profit. I think the impatient person can't expect much from Bitcoin investment. Only those who invest with patience and time have succeeded in Bitcoin investment

Well, very unfortunate that most people got fooled by these social media influencers saying that investing in Bitcoin will make you rich without stating the risk. People assume that once they buy Bitcoin today, they will earn a profit by tomorrow.

It is said that lack of knowledge will lead to nowhere. That is why it was not unusual to hear people blaming the market because they are innocent in this kind of investment but still, they urge themselves because of their greediness and the love of money.

[CageMabok]

Bitcoin isn't a get-rich-quick scheme. Patience, discipline, and a long-term approach are crucial for sustainable returns. Altcoins pose higher risks.   

Even though Bitcoin is not a get-rich-quick scheme, so many people have gotten rich through Bitcoin so far that this has also created more incentives for everyone to continue owning Bitcoin and not care so much about altcoins for several reasons. I also quite agree with what you said, that everyone must always be able to uphold patience, discipline and a long-term approach if they want to succeed through Bitcoin.

I could remember when Bitcoin was first introduced to me, even other crypto, it was sold as something that will turn me to a billionaire over night but based on my understanding I know aside those get rich quickly scheme that we all know are scam no investment can offer that and I started reading and researching about it.

Bitcoin should be seen from a long term investment angle like 5 to 10yrs to be able to give us that financial freedom we desire

Everyone really has to differentiate between Bitcoin and other coins which often offer get-rich-quick schemes but are also more often subject to fraud by the developers themselves. Meanwhile, Bitcoin has never offered a get-rich-quick scheme, even though people who have believed in Bitcoin have gotten more of what they want so far. So separating Bitcoin from other coins is also quite important so that newcomers or beginners who are new to Bitcoin don't think other coins are the same as Bitcoin.

[Promocodeudo]

Most people for the first time when they hear of bitcoin, due to its volatile nature that can pump very high within a twinkle of an eye during the bullish period, they misunderstand it to be a get rich quick scheme not knowing the reason behind the pump in price. This has made so many newbies rush into bitcoin as they think that the moment they purchase bitcoin in few months they will make mega profit, unknown to them that it doesn't work that way. This will make them borrow money to invest in bitcoin or use the funds for their monthly expenses and emergency funds to invest in bitcoin, and when what they expected didn't turn out to be so, they get disappointed and due to tension on them for using funds that was not meant to buy bitcoin, they end up selling at a lower price than their entry price and run at loss.

Bitcoin investment is just like a normal investment that when you start it initially, you take your time to grow, nurture and monitor it, with patient and discipline to make sure that the investment flourishes. The investment can only flourish,when you give it a long  time. It will flourish to the extend that when you take profit from the investment is still ongoing, and not within two years but let's say from four years and above. But if your investment has just started taking shape and you want to start taking profit, you might end up crumbling the investment, because it is still in its early stage.

This is how we should see bitcoin investment like, but bitcoin investment is more of value because when you have it in mind that you are buying bitcoin and invest in a long term goal and also having a target of bitcoin that you want to accumulate for yourself in maybe 4-10yrs and above. You will see that you will prepare yourself towards how to achieve that goal. For you to be able to achieve your long term goal, you budget a percentage from your income that wouldn't affect your monthly expenses, so that you can be buying consistently every week, monthly or quarterly, in order to increase your bitcoin portfolio because the size of your portfolio with the timeline is what will determine your profit. Bitcoin investment is worth investing into because  it might be that, it is your bitcoin investment that will turn your life around in future and you will be happy that you invested and hodli for a long term and you could meet up your bitcoin target.

Bitcoin is not altcoins that can be hype, bitcoin has a solid foundation and has come to stay, the government knows this and that is why they are approving Bitcoin ETF, which US SEC will soon approve that. Can you just imagine when you build a house without a foundation, any little breeze will shatter it and that is how those altcoins are, they are pump and dump and they were created to scam people who are greedy and need quick profit or people who don't know the potential of bitcoin. Investing on altcoins will be the worst thing to do because it is the same as gambling.

Why are you after a quick profit investment, when you know that there is no investment that has lasted, that will give quick profit. The only way that you can profit from bitcoin is when you invest in a long term and focus your mindset on a long term goal with regular DCA. When you invest in bitcoin for a short term, the possibility of you to run at loss is high than when you invest in long term. Invest wisely...

What is your thought on this.

Op, you have said many stuff which is very vital, is only a novice that does understand how investment is done in Bitcoin that will think that bitcoin is a get rich quick investment, as far as I know I don't even think that as business that's a get rich quick do exist, every businessman and women first mindset should be the risk that are involved in a particular business, after this, you can start to know more better on the profit aspect, I said this because every business starts from a day and no one expects to starts to benefiting from his business the day it was set up, it is gradual process that has to be followed strictly.

[DaNNy001]

Bitcoin right now probably can't make you rich, but it can help give a good boost to your net worth — obviously due to price appreciation, and depreciation of fiat currencies.

Bitcoin isn't a get rich quick scheme, it's a not-get-poorer scheme.

Certainly won't get you rich overnight but atleast it will definitely improve your standard of living especially for those of us here in the third world countries. The reason why Bitcoin is even seen to have such impact is because of the way the stories of the early investors or holder of Bitcoin actually made it due to the low price and massive spike on the increase of the value of Bitcoin.

But for now one would just gather and be patient because it's now a patient game for those of us that aren't actually traders with our coins because most people tend to fall into the trading aspect just to get the benefits that they want entailed with all the stories behind having Bitcoin.