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Author Topic: Bitcoin is not a quick rich and get poorer investment.  (Read 1664 times)
Samlucky O
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December 17, 2023, 06:44:24 AM
 #101

Bitcoin investment is an investment you start early and take time to grow, discipline, monitor with patient to enable your target of investment excel and you can only make this investment when you patiently elongate it to enable you flourish well to the extend that when you harvest your profit from the investment it will still be progressing and not when you invest in six months time and you are inquisitive to get your profit in eight months time its wrong and getting patient to achieve what you invest is a good helping hands for future and at least when you invest in six months time you get your profit in one or two years or more for your effort to be reasonable and bear in mind that Bitcoin is not altcoin that can be hype or where many altcoins are built based on the basic structure provided by Bitcoin, Bitcoin cannot not make you poor when you know what you are doing and is more valuable and can make you rich when you wisely trade in futures.
Bitcoin is not for the weak minds. Those that naught Bitcoin in other to make quick money, got disappointed and sold there bitcoin for other shitcoins which after they regretted the action they took.

Yes bitcoin is not a get rich quick scheme, if you invest and forget about the investment I think it will do you more good than harm. Because most people imidiately they invest a little money all there hope is chanelled to it. Any all dip in price they become afraid of loss. They will sell and wait to buy when it's gaining sometimes before they could buy back it has already gain alot that's when they will buy again. And when it dip a little they sell again ontill they loss alot of fund due to impatient. So bitcoin investment is for patient people and not impatient people.

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December 17, 2023, 08:38:34 AM
 #102

Bitcoin investment is an investment you start early and take time to grow, discipline, monitor with patient to enable your target of investment excel and you can only make this investment when you patiently elongate it to enable you flourish well to the extend that when you harvest your profit from the investment it will still be progressing and not when you invest in six months time and you are inquisitive to get your profit in eight months time its wrong and getting patient to achieve what you invest is a good helping hands for future and at least when you invest in six months time you get your profit in one or two years or more for your effort to be reasonable and bear in mind that Bitcoin is not altcoin that can be hype or where many altcoins are built based on the basic structure provided by Bitcoin, Bitcoin cannot not make you poor when you know what you are doing and is more valuable and can make you rich when you wisely trade in futures.

You know that Bitcoin is for people who have the willingness to learn it; those with a weak understanding are not allowed here, because if you want to know what Bitcoin is but your understanding is weak and your willingness or passion is strong, it will take you a while to understand it.

In short, there is no shortcut you can get to get instant profit in Bitcoin. Because, in truth, most people know that Bitcoin is not really easy to understand; it is a long process or it takes time before we can really understand it.



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Rainbot
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December 17, 2023, 12:37:04 PM
 #103

Bitcoin investment is an investment you start early and take time to grow, discipline, monitor with patient to enable your target of investment excel and you can only make this investment when you patiently elongate it to enable you flourish well to the extend that when you harvest your profit from the investment it will still be progressing and not when you invest in six months time and you are inquisitive to get your profit in eight months time its wrong and getting patient to achieve what you invest is a good helping hands for future and at least when you invest in six months time you get your profit in one or two years or more for your effort to be reasonable and bear in mind that Bitcoin is not altcoin that can be hype or where many altcoins are built based on the basic structure provided by Bitcoin, Bitcoin cannot not make you poor when you know what you are doing and is more valuable and can make you rich when you wisely trade in futures.
Bitcoin is not for the weak minds. Those that naught Bitcoin in other to make quick money, got disappointed and sold there bitcoin for other shitcoins which after they regretted the action they took.

Yes bitcoin is not a get rich quick scheme, if you invest and forget about the investment I think it will do you more good than harm. Because most people imidiately they invest a little money all there hope is chanelled to it. Any all dip in price they become afraid of loss. They will sell and wait to buy when it's gaining sometimes before they could buy back it has already gain alot that's when they will buy again. And when it dip a little they sell again ontill they loss alot of fund due to impatient. So bitcoin investment is for patient people and not impatient people.
Those who panic-sell during dips fail to grasp Bitcoin's fundamental principle: it's a long-term investment, not a quick profit scheme. Impatience due to a lack of understanding leads to disastrous judgments, emphasizing the significance of education in future financial systems.

Bitcoin challenges traditional financial analysis. It forces investors to see falls as natural market corrections in a mature asset rather than losses. This mindset adjustment is essential for prospering in a digital currency-driven future.

Embracing Bitcoin requires patience and foresight. Understanding its role in a financial ecosystem that's decentralizing and democratizing value exchange is key. Bitcoin provides financial gains and a chance to join a transformational economic revolution for anyone who can accept this philosophy.

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December 18, 2023, 10:09:14 AM
 #104

Investment is a process that needs patience and if someone invests some amount for limited timing then he cannot achieve his target because there is no guarantee that on targeted time will there be a pump or dump. There should be target for profit or value of coin but I think target of timing like half year or complete year for investment cannot give you any profit at all.

Bitcoin can make you poor or rich but it depends on your decisions,  and your knowledge therefore its up to you whether you want to multiply your finance or drop your economy to minimum value. Setting for just taking benefit from bitcoin is not suited well therefore keep your another business as well because bitcoin should be side business. Dependency on bitcoin cannot make you rich as there is also expenses of home for which you need a salary as you cannot take profit anytime from bitcoin.



 

 

 

 

 

 


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cakravothy
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December 18, 2023, 10:47:10 AM
 #105

bitcoin same another platform trading high risk high return, so not get fast rich
same platform saham, forex and more. must have high skill, if have not skill you can't rich but posible you cab poor investment online trading

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December 18, 2023, 11:25:18 AM
 #106

bitcoin same another platform trading high risk high return, so not get fast rich
same platform saham, forex and more.
What's saham?

must have high skill, if have not skill you can't rich but posible you cab poor investment online trading
The high skill that you're talking about is being a risk taker and having the money to invest. Having that requirements will be enough for you to start investing on Bitcoin.

And let the waves of your investment through it flow to the market and go back to you. It's not quick and easy but, it's genuine asset.



.
.BIG WINNER!.
[15.00000000 BTC]


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December 18, 2023, 11:34:58 AM
 #107

It's like you are growing a tree that you don't think the same day you plant is the same day you harvest it, no! Not like that. rather it takes time to grow and you will face some problems along the way all you need to do is to keep patience and security so that when bull runs come after years, you will be ready to harvest it and ripe the fruits of your investment. But you need to be careful about FUDS and bad commentaries about investing in bitcoins because they will often appear when the crypto market is not looking good.

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December 18, 2023, 11:55:31 AM
 #108

The crypto market is volatile and unpredictable for any of us to know the exact price their bitcoin investment will be in six or eight months. We are all investing in bitcoin to secure our future investments and for gains

and not when you invest in six months time and you are inquisitive to get your profit in eight months time its wrong and getting patient to achieve what you invest is a good helping hands for future and at least when you invest in six months time you get your profit in one or two years or more
As it is a good idea for every investor in crypto to have a long-term investment plan in bitcoin, that's how it is a good move if the investor chooses to take their profits in bitcoin within six or eight months depending on the market conditions.

Take for instance, in the third quarter of the year, bitcoin was fluctuating around $28k-$30k, and during the last quarter of the year(December), we saw the price skyrocket to $45k. An investor who invested in Bitcoin when it was $30k, can decide to withdraw their profits as the price of bitcoin is declining currently $40,600. Maybe when bitcoin falls more, they can decide to invest in bitcoin back and hodl till bitcoin gets to another ATH

R


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December 18, 2023, 11:58:12 AM
 #109

It's like you are growing a tree that you don't think the same day you plant is the same day you harvest it, no! Not like that. rather it takes time to grow and you will face some problems along the way all you need to do is to keep patience and security so that when bull runs come after years, you will be ready to harvest it and ripe the fruits of your investment. But you need to be careful about FUDS and bad commentaries about investing in bitcoins because they will often appear when the crypto market is not looking good.
Unfortunately, a lot of people don't understand investment until the time they experience it and blame the market for failing their expectations. And this usually happens to those investors who have been influenced by the sweet promises of these self-proclaim experts, making these people believe that earning a profit in investing in Bitcoin happens right away. Indeed, only a few people understand how crypto investment works and actually are those who never send complaints but rather have been patient.

The reason why people lose their money from investing in Bitcoin is due to a lack of knowledge and market understanding.

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December 18, 2023, 12:48:00 PM
 #110

It's like you are growing a tree that you don't think the same day you plant is the same day you harvest it, no! Not like that. rather it takes time to grow and you will face some problems along the way all you need to do is to keep patience and security so that when bull runs come after years, you will be ready to harvest it and ripe the fruits of your investment. But you need to be careful about FUDS and bad commentaries about investing in bitcoins because they will often appear when the crypto market is not looking good.
When their is no source of income patience is not enough to hold Bitcoin for bitcoin investment to be successful I think their is need to have a source of income that can make one to be able to focus more on the investment by not necessarily depending on profits desperately from the investment.

Having patience and source of income this is what make an investment to work fine, but when a steady income is not their it is impossible to have patience when their is hunger.
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December 18, 2023, 12:51:39 PM
 #111

Investing in Bitcoin should be approached with caution, as it is not a guaranteed way to quickly become rich or avoid financial challenges. It's crucial to thoroughly research and understand the risks associated with cryptocurrency investments before making any decisions.
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December 18, 2023, 02:02:11 PM
 #112

It's like you are growing a tree that you don't think the same day you plant is the same day you harvest it, no! Not like that. rather it takes time to grow and you will face some problems along the way all you need to do is to keep patience and security so that when bull runs come after years, you will be ready to harvest it and ripe the fruits of your investment. But you need to be careful about FUDS and bad commentaries about investing in bitcoins because they will often appear when the crypto market is not looking good.

Some beginners who are not strong with FUD will immediately panic when they see the price or value of an asset decreasing very quickly. Even though they understand the basic investing concepts, everyone still has different control over their emotions.
but after experiencing several difficult situations from the investments they make, novice investors usually begin to realize how they can get profits.
Bitcoin investment is not just buying Bitcoin and selling it at a profit. Anyone who invests wants to make a profit, but we have to understand the process well.
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March 11, 2024, 11:20:09 PM
 #113

Investing in Bitcoin should be approached with caution, as it is not a guaranteed way to quickly become rich or avoid financial challenges. It's crucial to thoroughly research and understand the risks associated with cryptocurrency investments before making any decisions.
While I may accept a cautious approach to Bitcoin investments, I think the getting rich idea itself, like having to have that thought that you would be rich in the end is a bad idea that creates in potential investors and investors the motive to go straight ahead to doing just what they feel is right with Bitcoin investment.
Thai shouldn’t be the case, Bitcoin might be seen or is seen to be just about the safest Cryptocurrency that exists or to pick an investment in and have a high level of security but, don’t go with the idea of getting rich suddenly or at all even. Your free to be hopeful and your sure to be better than when you came but, ensure your taking good steps and approach towards your investment.
Learn to buy and hold as it appears to be the safe option for just anyone, experienced or not.
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March 12, 2024, 05:46:58 AM
 #114

Bitcoin is just like any investment that takes your money, time and effort  before you can see it flourish in time. You need to invest your knowledge and skills into it, as well as with faith and patience that are certainly crucial when you hold it for long term. And just like any other investment, it grows and appreciates if you invest yourself into it.

Yes, bitcoin is not a get rich quick and get poorer investment. But it can make you suffer from your finances if you invest in bitcoin without prior knowledge. And helps you achieve wealth if you follow the process and maximize your investment skills.

Typically,bitcoin is like every other investment platforms,but yes it isn't a get rich quick scheme.Bitcoin investment requires long term effort and patience to reap the goodies.Also it requires a very cautious approach just to ensure that your financial choice of investment is safe for you.It deals with money,and we all know how losing an investment worth lots of money can alter.
 
Unfortunately,most people fail to realize that bitcoin investment is actually deeper than you can fathom,because of its volatile nature.What happened when you invested in a platform last two months or when you invested in bitcoin last two months can be the reverse of its outcome,whether good or bad.So its crucial to approach it with an advanced knowledge of risk management and also avoiding some unforseen failures.

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March 13, 2024, 12:04:21 PM
 #115

Investing in Bitcoin should be approached with caution, as it is not a guaranteed way to quickly become rich or avoid financial challenges. It's crucial to thoroughly research and understand the risks associated with cryptocurrency investments before making any decisions.
It is so unfortunate that when some people knows thst bitcoin has good value they just think their is no need for any research to be done to get better understanding of bitcoin, instead people  always have the mindset that bitcoin is a way to get rich. Every investment has it own risk and challenge,  and it is important for people to have a mindset of making more research about an investment just to know how to go about it.  Investing in Bitcoin without trying to understand it is the easiest way of loosing money.  One who don't really know volatility works I think with the first encounter when the price of the market goes dip, because of fear of the dip one who don't really understand volatility will just sell off thinking it is the best thing to do yo stay from lose of money.

R


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March 13, 2024, 03:03:30 PM
 #116

Nothing will make you rich overnight, not just Bitcoin investing. Investing is never a get rich quick scheme. Investing in cryptocurrency can change people's fortunes but not in a short period of time. Invest enough in Bitcoin and hold that investment for a long period of time and you will have hope of getting something good. Investing is only for the future and with the expectation of getting something good in the future, investing in Bitcoin will stop all other activities, but this is not the case. Apart from investing in bitcoins, you should also carry on with your other activities as normal. If you have enough investment and the market goes up as expected then this investment can change your fortune.
Yes, it's true that we need to remember that bitcoin is not a get-rich-quick scheme that can change a person's fate for the better in a short time. In fact, sometimes bitcoin will cause us to lose everything if we invest in bitcoin without a mature understanding, during last year's bearish season. I personally often encounter several beginners who complain about losing everything when investing with Bitcoin because they are too careless and enthusiastic when investing without considering the risks so they have to suffer losses.

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March 13, 2024, 03:21:11 PM
 #117

Well, by now, I believe that anyone coming into crypto currency and choosing to invest in bitcoin should already know that it's not an asset class that can make one rich over night, regardless of the fact that sometimes, price can move up and down really quick.
But then, in times of high market volatility like we are currently in, it's possible to make handsome profit trading bitcoin in the futures market just like op did mentioned, but this requires a good capital, and a very high level of knowledge when it comes to trading futures.

Futures market carries a lot of risk with it and it's not a market that is recommended for newbies, not even mid - level crypto users, futures market trading is something i believe is reserved for highly professional set of traders who have mastered the market and know their way in and way out.

Over all, there is no asset in the world where someone can invest a few dollars in and become rich over night, not even meme coins can do that this days, even with their extremely high level of risk, one still need to invest and be patient for a several months of not years.
How much more bitcoin?

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March 13, 2024, 03:24:31 PM
 #118

Nothing will make you rich overnight, not just Bitcoin investing. Investing is never a get rich quick scheme. Investing in cryptocurrency can change people's fortunes but not in a short period of time. Invest enough in Bitcoin and hold that investment for a long period of time and you will have hope of getting something good. Investing is only for the future and with the expectation of getting something good in the future, investing in Bitcoin will stop all other activities, but this is not the case. Apart from investing in bitcoins, you should also carry on with your other activities as normal. If you have enough investment and the market goes up as expected then this investment can change your fortune.
Yes, it's true that we need to remember that bitcoin is not a get-rich-quick scheme that can change a person's fate for the better in a short time. In fact, sometimes bitcoin will cause us to lose everything if we invest in bitcoin without a mature understanding, during last year's bearish season. I personally often encounter several beginners who complain about losing everything when investing with Bitcoin because they are too careless and enthusiastic when investing without considering the risks so they have to suffer losses.
Maybe it's all because they don't have the knowledge and understanding of Bitcoin, especially the risks involved. And another reason may be because they see or hear about many people who made huge profits and made them rich or changed their lives, without knowing or understanding the process and struggles they went through.
And I also often hear that many beginners experience losses at the start because they are careless in doing it with the aim of getting rich quickly, without being equipped with basic knowledge and research before doing it.
And those experiencing the current turmoil have learned a valuable lesson and they still have opportunities now, or in the future once they have good knowledge and understanding of Bitcoin or other cryptocurrencies.
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March 13, 2024, 04:53:30 PM
 #119

Op be creative in your writings. Well there no risk free investment or business and everything you are doing that gives you money must come with patient and endurance. And whenever you want to invest in bitcoin it is better you invest in long term and not in short term so that you can see the benefit of it. And according to the prediction, bitcoin is on the bull market now l and it is not yet the final All Time High and the All Time High in the season is $100k so if anyone invest now he or she still have time to see the ATH and the person will still make profit from the investment but all depends on the amount you will invest in.









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March 13, 2024, 05:17:38 PM
 #120

Well, by now, I believe that anyone coming into crypto currency and choosing to invest in bitcoin should already know that it's not an asset class that can make one rich over night, regardless of the fact that sometimes, price can move up and down really quick.


Bitcoin is not a tool to help us get rich overnight but we need to accept the fact that we invest in bitcoin because we want to become rich quickly. If you compare bitcoin with any investment or business, it is clear that bitcoin brings bigger and faster profits than all of them, and the reason we choose bitcoin is also because of that.

The cycle is 4 years and the returns we expect can range from 3x to 5x and even 10x. If we don't consider it a get-rich-quick tool, then what is it? But besides getting rich quick with bitcoin, bitcoin investors will face more risks than anyone else, so being able to become rich by investing in bitcoin is completely worth it.

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