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Author Topic: Bitcoin is not a quick rich and get poorer investment.  (Read 1664 times)
Lantind
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March 13, 2024, 05:26:51 PM
 #121

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.
Of course, this is very important for someone who wants to start investing in Bitcoin to know, because if they think that investing in Bitcoin will easily make them rich, of course they have made mistakes at the beginning and will of course make mistakes again which will make them lose. their money in these investments, if they want profits from Bitcoin of course they must have proper knowledge about these investments in order to invest correctly so they can get good results on these investments.

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March 13, 2024, 06:12:10 PM
 #122

Technically bitcoin is not an investment at all.  I think it's important that people remember or understand that first and foremost bitcoin is a currency.  It's a digital currency, which is unlike any other we've seen before, and it's become an investment just like trading of fiat currencies, which is common place, but I think it's an important reminder that first and foremost it's a means of transferring money in a better way.

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March 13, 2024, 06:36:46 PM
 #123

Technically bitcoin is not an investment at all.  I think it's important that people remember or understand that first and foremost bitcoin is a currency.  It's a digital currency, which is unlike any other we've seen before, and it's become an investment just like trading of fiat currencies, which is common place, but I think it's an important reminder that first and foremost it's a means of transferring money in a better way.

There are a lot of things that aren't investments in this world but are used as one. Do you think lands are for investments? No, they are to be bought and used for personal housing and stuff, but people use them as investments because they are volatile. So, anything in the world that can lose and gain value over time is considered an investment opportunity, so Bitcoin is no exception in this.
Gold is a precious metal that is used to make jewelry and other stuff, but it is used as an investment by a lot of people, they buy and store gold so that they can sell it when it becomes more valuable and it does. So it's not about what something is created for, it's about whether it has a stable value or its value keeps changing, and if it keeps changing, it eventually becomes an investment asset as along with its other use cases.









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March 13, 2024, 06:38:15 PM
 #124

Technically bitcoin is not an investment at all.  I think it's important that people remember or understand that first and foremost bitcoin is a currency.  It's a digital currency, which is unlike any other we've seen before, and it's become an investment just like trading of fiat currencies, which is common place, but I think it's an important reminder that first and foremost it's a means of transferring money in a better way.

There are a lot of things that aren't investments in this world but are used as one. Do you think lands are for investments? No, they are to be bought and used for personal housing and stuff, but people use them as investments because they are volatile. So, anything in the world that can lose and gain value over time is considered an investment opportunity, so Bitcoin is no exception in this.
Gold is a precious metal that is used to make jewelry and other stuff, but it is used as an investment by a lot of people, they buy and store gold so that they can sell it when it becomes more valuable and it does. So it's not about what something is created for, it's about whether it has a stable value or its value keeps changing, and if it keeps changing, it eventually becomes an investment asset as along with its other use cases.

Wow really, I had no idea !

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Bobrox
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March 13, 2024, 06:56:14 PM
 #125

Technically bitcoin is not an investment at all.  I think it's important that people remember or understand that first and foremost bitcoin is a currency.  It's a digital currency, which is unlike any other we've seen before, and it's become an investment just like trading of fiat currencies, which is common place, but I think it's an important reminder that first and foremost it's a means of transferring money in a better way.
Firstly, Bitcoin is the way launching as digital currency transaction to make us easily with huge amount of transaction around the world for replacing fiat have lower transaction. But right now with price of bitcoin keep increasing year by year have difference function of bitcoin and benefit for investing assets. Acceptable or not bitcoin have good progress become worth of investment assets although is not a quick rick but many people helped more their financial condition and become richest person after investing in bitcoin.
indirectly, bitcoin have moving the function its self from digital currency become investment assets behind some countries still not allowed using bitcoin for payment transaction but have regulation for  investing assets, need progress and more patience to earn much profit or become rich person when investing in bitcoin.

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March 14, 2024, 08:53:32 AM
 #126

Truth be told that, bitcoin can still make you poor, else people wouldn’t have to invest their hard earned money in alts.
We’ve seen and read cases over here and beyond where people’s lives where shattered simply because they invested in bitcoin, and that doesn’t mean we should blame bitcoin and we’ve also read news of how people’s lives where also transformed through bitcoin that doesn’t mean we should just go use on the positive and forget entirely what might also still happen.
The success of one in the cryptocurrency industry is solely dependent on how well they play the game and make their choices with investment, a lot of people who understood bitcoin and had the money to invest dieting the bear market are already reaping bountifully now and a lot of people who might want to invest now simply because of the current hype now, might get drained if there is a sudden correction in the price and it falls down to maybe less than expected (not praying or hoping for any negative) but nothing is certain and anything can happen in the Industry, that’s the fun investing.

R


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March 14, 2024, 09:37:55 AM
 #127

It is very wrong for someone to think or have a mindset that bitcoin can make one to become rich. Bitcoin don't make people to be rich because it doesn't give free money just like that. You can only earn from Bitcoin as investment just like 2very other investment.  I don't know why people always see bitcoin as what can give them lots of money that can make one to be rich just by investing.  You can only get rich by having something that generate steady flow of income.
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March 14, 2024, 10:23:16 AM
 #128

actually if you are good in sense of timing or know how to read the market then you
can use this as an buy no sell later with a good profit , just like if you manage to buy in September
last year then you are 100% profit in october-december , or it can make you a instant loser if you
wanted an easy buy but trapped ?then that changes everything because if you wanted to withdraw
then you have no choice but to pull out your funds in bad losses.

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March 14, 2024, 11:02:25 AM
 #129

As an investor in Bitcoin, you need to have a long-term patience and maturity, keeping this perspective in mind, you have to invest and prepare your account. You have to give up the idea of getting rich quick. You should have at least a 4-10 year investment plan. Many investors expect a lot of profit within a 2 or 3 month investment time frame. Wait and patience assume victory will be yours.
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March 14, 2024, 01:41:00 PM
 #130

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.
When there is no source to survive people tend to want a positive result very fast, the problem is not the rush but what prompts them to be in a rush, it's the lack of a source of income, this is the only problem I have seen in people that wanted to learn about Bitcoin investment through me.

They believe that they don't have the patience, since they need to survive as humans, they need to pay bills and also eat healthy food, it's a good point the solution is finding a paying job to survive and use some percentage of the paying job to invest in Bitcoin.

While you are holding your Bitcoin, you won't need your Bitcoin to pay for any bills or get food on your table, you will find holding to be easy compare to someone who have no source of income.

Bitcoin is capable of making you poor, don't forget that not all investors are successful with Bitcoin, you need to acquire the knowledge to understand the Bitcoin market, some times are good for buying, if you sell when you should be buying you aren't getting anywhere.

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March 14, 2024, 01:58:47 PM
 #131

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.
Most times the reason why so many people think this about Bitcoin is that they lack the understanding and proper knowledge to the technology that is behind Bitcoin while some persons are easily carried away by the success stories of others that must have struggled to actually get or enjoy what they are getting through Bitcoin but the whole patience and perseverance part is left out, making people to feel Bitcoin is some get rich scheme.

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March 14, 2024, 09:35:46 PM
 #132

Technically bitcoin is not an investment at all.  I think it's important that people remember or understand that first and foremost bitcoin is a currency.  It's a digital currency, which is unlike any other we've seen before, and it's become an investment just like trading of fiat currencies, which is common place, but I think it's an important reminder that first and foremost it's a means of transferring money in a better way.

There are a lot of things that aren't investments in this world but are used as one. Do you think lands are for investments? No, they are to be bought and used for personal housing and stuff, but people use them as investments because they are volatile. So, anything in the world that can lose and gain value over time is considered an investment opportunity, so Bitcoin is no exception in this.
Gold is a precious metal that is used to make jewelry and other stuff, but it is used as an investment by a lot of people, they buy and store gold so that they can sell it when it becomes more valuable and it does. So it's not about what something is created for, it's about whether it has a stable value or its value keeps changing, and if it keeps changing, it eventually becomes an investment asset as along with its other use cases.
Bitcoin is now considered as both, as a digital currency and an investment. While majority of the countries are still not adopting bitcoin as a currency, then let the people who are aware about bitcoin and its value use them as an investment. In fact, having it as an investment gives the highest ROI than any other investment, so it proves to say that it could stay as a profitable investment as long as people wanted to.

However, we should also not forget to spend it since it’s a currency. People may be greedy and will only chose to hold more than spend them, but sticking to that will only defeat the purpose how bitcoin is designed first.

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March 14, 2024, 09:41:23 PM
 #133

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.
what makes some people today not to be a beneficiary for bitcoin investment is because bitcoin the price always make some people to dislike it so I believe that the price of Bitcoin currently is the one that is pushing many people to think about it will continue to rise but I would like to advise people to invest in Bitcoin whenever they feel like to invest in Bitcoin not when the price right in the market it is when they will develop interest to invest in Bitcoin so that is why many of them lose for the investment you need to have a target as investor and you also need to have a Focus as investor don't depend on any information negatively concerning bitcoin but make sure you research very well before you invest

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March 15, 2024, 08:25:12 AM
 #134

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.
what makes some people today not to be a beneficiary for bitcoin investment is because bitcoin the price always make some people to dislike it so I believe that the price of Bitcoin currently is the one that is pushing many people to think about it will continue to rise but I would like to advise people to invest in Bitcoin whenever they feel like to invest in Bitcoin not when the price right in the market it is when they will develop interest to invest in Bitcoin so that is why many of them lose for the investment you need to have a target as investor and you also need to have a Focus as investor don't depend on any information negatively concerning bitcoin but make sure you research very well before you invest

You're right,in my own opinion I think bitcoin investment is supposed to be made earlier when bitcoin has no value,and it would have been very easy to invest, considering the current price of bitcoin. however there are some people who invested on bitcoin from the early stage when the value was low,and they were patient enough to hold on to it till this time that there's a massive increase in the value of bitcoin. I think this people are making a lot of profit from bitcoin, now that bitcoin keep increasing in the value.

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March 15, 2024, 09:58:55 AM
 #135

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.

Still, the return is going too high compared to other investments that you could do like real estate, stocks, etc. Not gonna like even though Bitcoin is a very risky investment because of its volatile market price it does a its job of giving a huge profit and return, I mean I'm been investing in Bitcoin started to know it like 2017 until now so far It really gives me a huge profit, even though there is some time that I didn't really make a perfect decision on my Bitcoin, there are times that I sold my Bitcoin in the last Bullrun, but for sure I wasn't really a lost, I mean it wasn't the perfect decision but profit is still profit, I was able to buy things that I wanted to buy with that money. Now I still continue to accumulate more Bitcoin hoping that I could make a huge profit again in the coming Bullrun, even though the All time high has already been reached I don't think that we are in the Bullrun yet, so in my experience buying is a good thing, I mean at this time I don't really need the money so I could easily invest at this moment.

Still, I would still end up investing in safer one like land or a house, When the time comes to sell my Bitcoin that money that I get I would use it to buy a house for a safer investment and passive income incase I could use it as a rental something like that. I would still reinvest on Bitcoin for sure when i sell and make a profit, the market is a huge cycle so I will take advantage of that.


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March 15, 2024, 12:54:15 PM
 #136

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.

Still, the return is going too high compared to other investments that you could do like real estate, stocks, etc. Not gonna like even though Bitcoin is a very risky investment because of its volatile market price it does a its job of giving a huge profit and return, I mean I'm been investing in Bitcoin started to know it like 2017 until now so far It really gives me a huge profit, even though there is some time that I didn't really make a perfect decision on my Bitcoin, there are times that I sold my Bitcoin in the last Bullrun, but for sure I wasn't really a lost, I mean it wasn't the perfect decision but profit is still profit, I was able to buy things that I wanted to buy with that money. Now I still continue to accumulate more Bitcoin hoping that I could make a huge profit again in the coming Bullrun, even though the All time high has already been reached I don't think that we are in the Bullrun yet, so in my experience buying is a good thing, I mean at this time I don't really need the money so I could easily invest at this moment.

Still, I would still end up investing in safer one like land or a house, When the time comes to sell my Bitcoin that money that I get I would use it to buy a house for a safer investment and passive income incase I could use it as a rental something like that. I would still reinvest on Bitcoin for sure when i sell and make a profit, the market is a huge cycle so I will take advantage of that.


You speak my language, guys! You and I have seen Bitcoin's incredible returns. Like the stock market on steroids, but better because it' futuristic. Real estate, stocks? They have their place. Nothing compares to Bitcoin's upside. Since 2017, you've seen it. Its about joining a financial revolution, not just making money.

There are ups and downs. We've all sold too early or wished we bought more during drops. Its all about the long game. Bitcoin changes how we think about money, not just another asset. You're riding the wave to reinvest in the next bull run. Smart move.

Real estate investment as insurance? Smart. Bitcoin has great growth potential, while real estate is stable. The perfect investment portfolio one-two punch. Keep buying Bitcoin. Those who ride the market cycles win. You win large long-term by playing the game right.

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March 15, 2024, 01:40:28 PM
 #137

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.
what makes some people today not to be a beneficiary for bitcoin investment is because bitcoin the price always make some people to dislike it so I believe that the price of Bitcoin currently is the one that is pushing many people to think about it will continue to rise but I would like to advise people to invest in Bitcoin whenever they feel like to invest in Bitcoin not when the price right in the market it is when they will develop interest to invest in Bitcoin so that is why many of them lose for the investment you need to have a target as investor and you also need to have a Focus as investor don't depend on any information negatively concerning bitcoin but make sure you research very well before you invest
No, it is not the price of Bitcoin but it was their wrong thinking and negative assumptions. Doubtful people will certainly think negatively and they will keep pushing their personal opinions rather than accept defeat.
But this is not the main issue, people have failed and suffered losses from investing in Bitcoin due to the wrong market approach and lack of understanding. Usually happen that most of us assume that after buying today we will start earning a profit tomorrow. But it was wrong and this made impatient investors start selling their Bitcoin as they can't wait longer. We have to note that investing is only for those who can wait, not those people who are impatient.

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March 15, 2024, 05:04:12 PM
 #138

Futures trading can be a thrilling arena, a high-stakes game that tempts even the most disciplined traders. But like gambling, it can be an addictive and unforgiving mistress.  Imagine a casino, but instead of chips, you're betting on the future price of commodities. The potential rewards are high, but the risks are colossal. Losses in futures trading are common, even for seasoned professionals. The market's a fickle beast, and even the most meticulous plans can go awry at the peak of a swing.

Focus on mastering spot trading, understanding the market's current dynamics, before venturing into the futures game. It's like learning to walk before you try to run a marathon. It's not a guaranteed path to riches. While some see it as a "get rich quick" scheme, that's a recipe for disaster.  Cryptocurrency can be a viable investment option, but it requires a long-term perspective. Think of it like planting a seed, nurturing it for growth, not a lottery ticket. Trading cryptocurrency can be profitable, but it demands skill and experience. Sharpen your trading tools, learn from seasoned investors, and don't be seduced by the "easy money" narrative.

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Dr.Osh
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March 15, 2024, 07:16:05 PM
 #139

actually it's okay to think that bitcoin can make you rich quickly. However, don't have higher expectations. because it is not an easy thing. Maybe many people see other people's success with bitcoin, and they see it is an easy thing. However, be aware that these people are only showing off their success. Chances are they don't expose the failures they get. Maybe there are some people who really get rich in a short time from bitcoin or altcoins, but I think this is a very rare occurrence. Well, they'll know when they've tried

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Fatunad
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March 15, 2024, 08:10:34 PM
 #140

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.
what makes some people today not to be a beneficiary for bitcoin investment is because bitcoin the price always make some people to dislike it so I believe that the price of Bitcoin currently is the one that is pushing many people to think about it will continue to rise but I would like to advise people to invest in Bitcoin whenever they feel like to invest in Bitcoin not when the price right in the market it is when they will develop interest to invest in Bitcoin so that is why many of them lose for the investment you need to have a target as investor and you also need to have a Focus as investor don't depend on any information negatively concerning bitcoin but make sure you research very well before you invest
No, it is not the price of Bitcoin but it was their wrong thinking and negative assumptions. Doubtful people will certainly think negatively and they will keep pushing their personal opinions rather than accept defeat.
But this is not the main issue, people have failed and suffered losses from investing in Bitcoin due to the wrong market approach and lack of understanding. Usually happen that most of us assume that after buying today we will start earning a profit tomorrow. But it was wrong and this made impatient investors start selling their Bitcoin as they can't wait longer. We have to note that investing is only for those who can wait, not those people who are impatient.

This is true and accurate on which on the time that they have seen their portfolio becomes that negative then they would really be starting on throwing out those issues and whatever names when they do saw those negatives on which it would really be just that normal. This is why it would be better on letting them be on the things that they would really be saying up. Sooner or later they cant really be able to avoid
and made out those realizations that this isnt the right approach on dealing up with Bitcoin investment or simply with crypto space on which having those kind of delusional kind of approach wont really be able to fit out.

Being optimistic isnt really that bad but of course it would really be just that right that it should really be on realistic levels because once you do have those kind of high hopes and expectations
then you are really just that putting up yourself on such great trouble once the market wouldnt be able to hit up on what you are expecting. Disappointment and frustrations
would really be next if the price didnt hit up that high.

R


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