Bitcoin is not a quick rich and get poorer investment.

[freedomgo]

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.

In general, investing is not a get-rich-quick scheme, it takes time, patience and a strong mentality to achieve the target of the initial goal when investing. So far, Bitcoin has proven that it is able to overcome all the negative issues that have befallen it by printing the latest ATH in early 2024. As long as you still believe in the potential generated from Bitcoin and are an investor who is able to refrain from all aspects that could damage your initial plans, you will be able to add to your list of wealth from the profits generated in the future.

Bitcoin investment is a long term investment, so one should deal with it with patience and faith most especially that bitcoin does not end up with a fixed price, due to its high volatility that leads to price fluctuations from time to time. Hence, seeing it as a get-rich-quick is impossible, since bitcoin never gives massive profits by investing short term but most likely it’s always long term. However, I believe bitcoin can make an investor poorer if he does invest without prior researching and acquiring basic knowledge, thus jumping into investing due to greed for money. But if you invest in bitcoin with long term planning, then success and getting rich in the end will certainly be possible.

[AmaGold70]

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.

That's an honest truth about have Bitcoin as an investment, it's certainly not a quick rich investment but it can be a get poorer investment if you have the wrong conception of it. Bitcoin as a decentralized digital currency, the whole idea behind it's creation was to have the ability to be a hedge trimmer against traditional financial system. In Bitcoin you have complete control over your assets/money without the need for intermediaries, making profits from Bitcoin is just a bonus for those holding it.

[Belarge]

Whether you are rich or not depends on when you buy it and how long you hold it. If you buy Bitcoin during the Bearish phase and you are able to hold it until the market is very bullish and then you sell it, then Bitcoin will make you rich. Keep in mind that, Bitcoin has huge risks, but it can also make huge profits. It all depends on the timing of when you buy and sell it.

We're all not getting rich from bitcoin investment, most of won't be able to milk the system and that results to major setbacks in the system. Buying and selling can only be triggered when one knows how to handle the system and doing the needful (buying at good price and selling for high price, profits is generated). Huge risks doesn't pull any stunt except when they finally results to profits in the system. I know how inconvenient it can be but we don't see the rewards for our patience though most of them do take a long time. Bitcoin is not a quick rich scheme, rather its more considerable to be financially stable when it comes to accumulating profits.

[AmoreJaz]

Whether you are rich or not depends on when you buy it and how long you hold it. If you buy Bitcoin during the Bearish phase and you are able to hold it until the market is very bullish and then you sell it, then Bitcoin will make you rich. Keep in mind that, Bitcoin has huge risks, but it can also make huge profits. It all depends on the timing of when you buy and sell it.

This is very subjective for each investor as it varies when they  will buy or sell their stash. So it depends on their strategy how they can accumulate profits from their investment. The entry and exit points are also varied and so there is no concrete percentage of how much profit a user can get from this market. But before someone invests, he should know the pros and cons participating in this market.

[ChiBitCTy]

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.

Bitcoin is a currency, at the same time it can be consider to also be an investment by holding bitcoin for a longterm. The reason  why bitcoin is different from fiat is because it has many features, like it can be use in exchange for goods and services,  it can also be used in trading , it can also be used as investment. The mistake people do make concerning is that they think bitcoin can make them rich just like that without having any source of income.

Let's not deceive ourselves that Bitcoin Is not an investment. Even though The original Purpose Of introducing Bitcoin Is to serve as a means of payment, but how many persons today are honestly using Bitcoin as a means of payment? You cannot deny the fact that Bitcoin has helped many as an investment rather than just a means of payment. People Are beginning to see an extra value attached to bitcoin, hence the need to earn from it.

What we should rather be talking about now is that we should not see Bitcoin as a get rich quick scheme. This is the reason many investors lose their money.You cannot say You want to earn from Bitcoin and invest today  then  expect that investment to mature The next day. For you to earn You must be willing to hold for a very long time. Bitcoin can only be profitable if you are ready to hold. Aside just being willing to hold for a very long time, you must also be disciplined and never tempted to withdraw Your investment prematurely.

“Profits” is the most annoying word on this forum. Here’s what I’ve been trying to say .. https://bitcointalk.org/index.php?topic=5288768.0

Someone words of wisdom form a guy yall may have heard of ..

“I’m uncomfortable with explicitly saying ‘consider it an investment,’” Satoshi said in June 2009. “That’s a dangerous thing to say and you should delete that bullet point. It’s okay if they come to that conclusion on their own, but we can’t pitch it as that.”

[johnsaributua]

When it comes to stability and market strength, I agree that bitcoin is very safe for the long term, even for beginners, but if for the short term it is better to have a deeper analysis, especially in when to make decisions when the market is volatile. It can be more brilliant even a matter of weeks or months (current cycle).

The condition of getting rich quickly is certainly supported by careful preparation: capital, strategy, and how to deal with conditions in the market. The principle of holder is winner is the right thing, even if last year bought BTC1 and sold this year, of course this is very against the law of currency investment in any storage. it can be 4 times just storing it. bitcoin is a necessity of life for me storing it is a real investment.

[Y3shot]

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.

Bitcoin is a currency, at the same time it can be consider to also be an investment by holding bitcoin for a longterm. The reason  why bitcoin is different from fiat is because it has many features, like it can be use in exchange for goods and services,  it can also be used in trading , it can also be used as investment. The mistake people do make concerning is that they think bitcoin can make them rich just like that without having any source of income.

Let's not deceive ourselves that Bitcoin Is not an investment. Even though The original Purpose Of introducing Bitcoin Is to serve as a means of payment, but how many persons today are honestly using Bitcoin as a means of payment? You cannot deny the fact that Bitcoin has helped many as an investment rather than just a means of payment. People Are beginning to see an extra value attached to bitcoin, hence the need to earn from it.

What we should rather be talking about now is that we should not see Bitcoin as a get rich quick scheme. This is the reason many investors lose their money.You cannot say You want to earn from Bitcoin and invest today  then  expect that investment to mature The next day. For you to earn You must be willing to hold for a very long time. Bitcoin can only be profitable if you are ready to hold. Aside just being willing to hold for a very long time, you must also be disciplined and never tempted to withdraw Your investment prematurely.

And we should tell ourselves the truth, the main reason why people buy bitcoin to invest is because of the profits it has when you invest in it. It is the value that bitcoin has that gets people attracted to invest in bitcoin and not necessarily because of it is a currency.  Bitcoin has good value that is why people will always choose it to be an investment more than a currency. The value that bitcoin has is making people  to come after to invest it and make profits from it.

[bangjoe]

Whether you are rich or not depends on when you buy it and how long you hold it. If you buy Bitcoin during the Bearish phase and you are able to hold it until the market is very bullish and then you sell it, then Bitcoin will make you rich. Keep in mind that, Bitcoin has huge risks, but it can also make huge profits. It all depends on the timing of when you buy and sell it.

This is very subjective for each investor as it varies when they  will buy or sell their stash. So it depends on their strategy how they can accumulate profits from their investment. The entry and exit points are also varied and so there is no concrete percentage of how much profit a user can get from this market. But before someone invests, he should know the pros and cons participating in this market.

Yes profiting from bitcoin is subjective and when to enter and when to sell, it will have a considerable influence in increasing your money that you invest in bitcoin, but the biggest influence besides that is how much money you keep in bitcoin, this may often be missed but this is a very important part.
If in 2022 you buy bitcoin at a price of $20k with a purchase of $20 then now it has risen 200% at a price of $60k, your money is $60 today, and what if you buy bitcoin at a price of $20k with a total purchase of $200k, it will give a much bigger multiple, right? not only when you enter and when you sell, but also need to pay attention to the scale of the purchase if you want to get additional wealth from bitcoin.

[Fatunad]

Whether you are rich or not depends on when you buy it and how long you hold it. If you buy Bitcoin during the Bearish phase and you are able to hold it until the market is very bullish and then you sell it, then Bitcoin will make you rich. Keep in mind that, Bitcoin has huge risks, but it can also make huge profits. It all depends on the timing of when you buy and sell it.

This is very subjective for each investor as it varies when they  will buy or sell their stash. So it depends on their strategy how they can accumulate profits from their investment. The entry and exit points are also varied and so there is no concrete percentage of how much profit a user can get from this market. But before someone invests, he should know the pros and cons participating in this market.

Yes profiting from bitcoin is subjective and when to enter and when to sell, it will have a considerable influence in increasing your money that you invest in bitcoin, but the biggest influence besides that is how much money you keep in bitcoin, this may often be missed but this is a very important part.
If in 2022 you buy bitcoin at a price of $20k with a purchase of $20 then now it has risen 200% at a price of $60k, your money is $60 today, and what if you buy bitcoin at a price of $20k with a total purchase of $200k, it will give a much bigger multiple, right? not only when you enter and when you sell, but also need to pay attention to the scale of the purchase if you want to get additional wealth from bitcoin.

Buy low Sell high would really be the main key on here, even to those people who had been saying that if you are going for long term then any entry point would be considerable but we know that for us to be able to maximize profitability then we would really be doing our very best on trying to catch the bottom and this is why people would really be keeping on questioning whether we are already at the bottom or not still.
Bitcoin is never been a quick rich investment and its not something that too fast for you to become poor. The key on here is that you should really be having that realistic approach towards investing on Bitcoin or
you would really be thinking about crypto investment as a whole. You would really be needing to know about the basics on how this market behaves and which projects or coins would really be worthy on holding for longterm. This is why it would really be something that will really be differ on each person because we do have different mindset and impression on things.

[bangjoe]

This is very subjective for each investor as it varies when they  will buy or sell their stash. So it depends on their strategy how they can accumulate profits from their investment. The entry and exit points are also varied and so there is no concrete percentage of how much profit a user can get from this market. But before someone invests, he should know the pros and cons participating in this market.

Yes profiting from bitcoin is subjective and when to enter and when to sell, it will have a considerable influence in increasing your money that you invest in bitcoin, but the biggest influence besides that is how much money you keep in bitcoin, this may often be missed but this is a very important part.
If in 2022 you buy bitcoin at a price of $20k with a purchase of $20 then now it has risen 200% at a price of $60k, your money is $60 today, and what if you buy bitcoin at a price of $20k with a total purchase of $200k, it will give a much bigger multiple, right? not only when you enter and when you sell, but also need to pay attention to the scale of the purchase if you want to get additional wealth from bitcoin.

Buy low Sell high would really be the main key on here, even to those people who had been saying that if you are going for long term then any entry point would be considerable but we know that for us to be able to maximize profitability then we would really be doing our very best on trying to catch the bottom and this is why people would really be keeping on questioning whether we are already at the bottom or not still.
Bitcoin is never been a quick rich investment and its not something that too fast for you to become poor. The key on here is that you should really be having that realistic approach towards investing on Bitcoin or
you would really be thinking about crypto investment as a whole. You would really be needing to know about the basics on how this market behaves and which projects or coins would really be worthy on holding for longterm. This is why it would really be something that will really be differ on each person because we do have different mindset and impression on things.

Basic things are obligations that an investor must know, such as the season in the crypto market fundamentally and so on are obligations for us as investors, of course entering and exiting is also a strategy in investing to stay on the goals we set.

Speaking of views and impressions is subjective but we can have the same mindset on a way and method to get something even with different resources because truth is an absolute thesis that can be claimed consensus on a method, I hope you understand.
But talking about when the right time to enter and exit on bitcoin is depending on how your target and urgency as an investor in maximizing profitability, but on the same principle bitcoin never touches its bottom price twice every cycle.

[doomloop]

Those who don't understand well about investing in crypto will of course very easily experience losses in the investments they make and they don't use any strategy in collecting Bitcoin because according to them, by having a certain amount of Bitcoin they will be able to easily achieve financial freedom and that all they get is the loss of what they do.

I don't think there's anything wrong if someone buys Bitcoin when the price is increasing, but they have to be able to hold it until the price becomes higher in order to get a profit from the investment they made, so it's important for us to hold Bitcoin using funds that we won't disturb so that can carry out investments until we reach the profit targets we have set.

Cryptos are I think not too hard to understand, especially the established ones and also if you don't go too deep on their technical side. Same goes with the principles of investing. If only they prioritized this first, those people will reduce their chances of losing but unfortunately they didn't, I think this is because they think of the opposite of what I said first. They did not know that going for an easy way is actually the ones that will lead you in danger. Collecting Bitcoins can be done in any method we like but what important is if how we secure them. If we don't plan of using it it like an asset for investing, then we already achieved financial freedom.

[MFahad]

When it comes to stability and market strength, I agree that bitcoin is very safe for the long term, even for beginners, but if for the short term it is better to have a deeper analysis, especially in when to make decisions when the market is volatile. It can be more brilliant even a matter of weeks or months (current cycle).

The condition of getting rich quickly is certainly supported by careful preparation: capital, strategy, and how to deal with conditions in the market. The principle of holder is winner is the right thing, even if last year bought BTC1 and sold this year, of course this is very against the law of currency investment in any storage. it can be 4 times just storing it. bitcoin is a necessity of life for me storing it is a real investment.

Any asset in any market would require a trader to do proper research beforehand to understand the market at least so that the trader understands how the market works, how the prices of different assets move, how volatile and unpredictable they are, and once the trader learns all that, that is when they should decide whether they would want to make a short term trade or invest for the long term.

When it comes to Bitcoin and the cryptocurrency market, a lot of people think Bitcoin investments don't require any research or analysis, but they do, especially if you are not willing to hold your assets for a very long time and if you are doing it for a short period, you need to treat it like any other cryptocurrency because it is volatile and unpredictable too in the short term.

[Zanab247]

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.

Anything that will make you rich overnight, will surely put you in trouble that will make you regret but it will be difficult for crypto investment to make you rich suddenly because, it need to take a long period of time before you will begin to make profits that will make you rich in the future.

 If you invest in BTC in the bear season and hodl it for long before you will think of releasing them to the market, it will increase your wealth that will make you wealthy in that community and, it will be difficult for your wealth to collapse as long you are still investing in the bear run and sell in the bull run.

[Manlikefrank1]

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.

Looking at bitcoin it’s not a quick and fast way to make money in the sense,it’s like an investment for me which requires time and patience to be able to yeild from it and it’s process.

[Manlikefrank1]

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.

In general, investing is not a get-rich-quick scheme, it takes time, patience and a strong mentality to achieve the target of the initial goal when investing. So far, Bitcoin has proven that it is able to overcome all the negative issues that have befallen it by printing the latest ATH in early 2024. As long as you still believe in the potential generated from Bitcoin and are an investor who is able to refrain from all aspects that could damage your initial plans, you will be able to add to your list of wealth from the profits generated in the future.

Bitcoin investment is a long term investment, so one should deal with it with patience and faith most especially that bitcoin does not end up with a fixed price, due to its high volatility that leads to price fluctuations from time to time. Hence, seeing it as a get-rich-quick is impossible, since bitcoin never gives massive profits by investing short term but most likely it’s always long term. However, I believe bitcoin can make an investor poorer if he does invest without prior researching and acquiring basic knowledge, thus jumping into investing due to greed for money. But if you invest in bitcoin with long term planning, then success and getting rich in the end will certainly be possible.

Because from it creation,bitcoin it rises was based on gradual growth and for years looking at chart 📈 it’s has not rise ones but investment in bitcoin with large capital can yield you larger profits than those investing with smaller capital and looking for larger returns

[albon]

Yes profiting from bitcoin is subjective and when to enter and when to sell, it will have a considerable influence in increasing your money that you invest in bitcoin, but the biggest influence besides that is how much money you keep in bitcoin, this may often be missed but this is a very important part.
If in 2022 you buy bitcoin at a price of $20k with a purchase of $20 then now it has risen 200% at a price of $60k, your money is $60 today, [...]

Surely, the more capital you have, the larger your purchases increase, and the more accumulations of Bitcoin you have, the more satisfied you are with the profits that you will achieve after the price increases that Bitcoin reaches.

It is a mistake for a person to stop increasing his Bitcoin holdings during the accumulation period and be satisfied with only $20; this does not prevent him from investing wisely and what he can afford to lose. Accumulating wealth in Bitcoin requires, alongside patiently waiting in the long term, that the person be able to fill his bag with every price correction and dip. If he does not have sufficient capital or a source of income to help him with this, His investment in Bitcoin with weak capital may not achieve him the wealth he aspires to in the future, and this is compared to the current price of Bitcoin. Many golden opportunities have passed to invest in Bitcoin at prices much lower than what we are witnessing now over the past years, and perhaps the current price is also a great opportunity to double the capital of any investor after reaching the new ATH for Bitcoin.

[Vinaa77]

Any asset in any market would require a trader to do proper research beforehand to understand the market at least so that the trader understands how the market works, how the prices of different assets move, how volatile and unpredictable they are, and once the trader learns all that, that is when they should decide whether they would want to make a short term trade or invest for the long term.

When it comes to Bitcoin and the cryptocurrency market, a lot of people think Bitcoin investments don't require any research or analysis, but they do, especially if you are not willing to hold your assets for a very long time and if you are doing it for a short period, you need to treat it like any other cryptocurrency because it is volatile and unpredictable too in the short term.

It is true that someone who trades of course they have to do in-depth research about the assets they will use in the trades they make and when they understand well that an asset can be used for long-term or short-term trading, because if they If they don't do research on these assets, of course they don't understand whether these assets are good for the long term or short term.

I think those who think about not needing to do any research about the Bitcoin assets they are going to invest in of course they will invest for a long period of time so they just focus on collecting as much as they can and holding for a long period of time so that they can profit from holding in long period of time.

[Fiasem20]

Indeed Bitcoin is never a quick rich system and also get poorer investment.An investors that has held onto his or her coins for a long period of time can never say he got rich in a twinkle of an eye.Life is a season same with bitcoin it's about your time, interest, money, patience and some processes to follow to become prosperous.Many investors that have the mindset of becoming rich overnight dump Bitcoin and purchase shitcoins and end up being scammed by scammers.

[SATWAT]

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.

Anything that will make you rich overnight, will surely put you in trouble that will make you regret but it will be difficult for crypto investment to make you rich suddenly because, it need to take a long period of time before you will begin to make profits that will make you rich in the future.

 If you invest in BTC in the bear season and hodl it for long before you will think of releasing them to the market, it will increase your wealth that will make you wealthy in that community and, it will be difficult for your wealth to collapse as long you are still investing in the bear run and sell in the bull run.

I am agreed about this sentence if someone is coming quickly rich then surely is also going to be in deep trouble quickly because things have never been same for anyone in life we have many stories and other related things which are unusual but happening around us.
But investing in bitcoins is surely having good profit even many those were able to manage this all properly have good changes into their life which are now helping them for having things which were not possible even I am personally having too many changes which are just because of this, and I am not quickly rich but still feeling much better due to this.

[Natsuu]

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.

Looking at bitcoin it’s not a quick and fast way to make money in the sense,it’s like an investment for me which requires time and patience to be able to yeild from it and it’s process.

In a greater sense, if you have the correct skill, correct mindset, and proper risk management, then you have an edge. You can tapped in to a lifestyle where in trading bitcoin, it is hardest way to make easy money. If you have the skill, you can use leverage for your own benefit. Using it wrong wrong will only make you lose your money. If you have the correct mindset and thorough research, you can find opportunities in the marketplace. It could be investments on project that will truly yield. It will require patience and right behavior. Ans as humans we want to act impulsively, that is why trading is not easy unless you transform yourself into someone that is deserving of true success.