Bitcoin is not a quick rich and get poorer investment.

[SatoPrincess]

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.

I would not advise newbies to start futures trading, they could easily get liquidated. A less risky strategy and also profitable would to buy and hodl bitcoins for long term than actively trading.
I think you can do a lot better with your writing. Adding punctuation where necessary gives the reader a better understanding of the subject matter and helps them to understand what they are reading in the text.

[1714703036]

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[Maslate]

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 a long term investment. It's never a get quick rich nor a get poorer investment, but bitcoin will eventually make you poorer if you have no idea how bitcoin investment works. If you invest because of greed, because people are rushing to own bitcoin, then obviously your investment will not gonna work.

One thing is certain, bitcoin investment needs it's growth and development. And it does not happen all of a sudden, you need to work on it to see it's progress. You need to safeguard your bitcoin for its security. If you can do that, you will have high chances to become rich while seeing your bitcoin investments growing.

[Renampun]

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.

Those who hope to get rich quickly from Bitcoin have the wrong mindset and also those who think Bitcoin will make you poor quickly because of the high risk are also wrong, those who are currently rich because of investing in bitcoin are those who were early investors, that was when the price of bitcoin was still cheap. However, at current prices, it is impossible to get rich quickly from Bitcoin because the increase in Bitcoin prices is uncertain and difficult to read on the market, if you want to get rich from Bitcoin, invest in it using the DCA method and it must be a long-term investment. Bitcoin is not like altcoins whose prices are based on pumps and dumps. Bitcoin is a decentralized cryptocurrency.

[target]

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.

Those who hope to get rich quickly from Bitcoin have the wrong mindset and also those who think Bitcoin will make you poor quickly because of the high risk are also wrong, those who are currently rich because of investing in bitcoin are those who were early investors, that was when the price of bitcoin was still cheap. However, at current prices, it is impossible to get rich quickly from Bitcoin because the increase in Bitcoin prices is uncertain and difficult to read on the market, if you want to get rich from Bitcoin, invest in it using the DCA method and it must be a long-term investment. Bitcoin is not like altcoins whose prices are based on pumps and dumps. Bitcoin is a decentralized cryptocurrency.

The new investors of BTC always have it in mind that BTC is going to make them rich. The majority of those users who came into crypto after 2017 have this mindset because that was the time when the crypto market had soared high attracting the newbies from social media who wanted to make money.

With the news about ETFs, one would really think of massive profit and will start buying.

[Viscore]

Bitcoin is not a get rich quick but a lot of newbies don't see it that way. Instead, they are still convinced that bitcoin can easily make them rich and wealthy, so let's leave them like that until they start to experience the lessons brought by bitcoin.

While bitcoin is good for long term investment, but still a lot of investors are investing it for short term. Maybe they have seen how bitcoin price surges too fast, and they think that it will stay that way forever without seeing price decline and market crash any time of the day.

[The Cryptovator]

The problem is that most people are introduced to Bitcoin with the wrong information. When they see Bitcoin volatile, they think of quick-rich schemes. So they jump into it without further research. So due to a lack of knowledge, we are missing some important things related to Bitcoin. We have to invest so that we can afford to lose. Otherwise, we can't hold it for a long time in the event of a dump in the Bitcoin price. Also, it's an important part of bitcoin investment to know how it works. So if we know everything related to Bitcoin, we may not consider it a quick-rich method.

[Silberman]

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.

For what I can tell people often mix the terms investing and trading, they believe that what they are doing which is to buy an asset and sell it days, weeks or even months afterwards is investing and this is not true, they are just trading the markets with different time frames, an investor at minimum needs to think in terms of years, and the longer they can hold the better the results, so if someone invested in bitcoin now and kept doing so for the next decade, the results they will get out of their investment will be great, unfortunately there are very few people willing to be this constant for such a long period of time.

[komisariatku]

As far as I know, all investments require time for the investment to grow and provide good profits. This also applies to bitcoin, so just like other investments, bitcoin also takes time to become more expensive. However, you need to remember the risks that bitcoin has because of the volatility of the bitcoin price, one of the most frequently encountered risks is a significant drop in price and this is the most difficult time for us to be able to survive and hold bitcoin, going through times like that is not an easy thing.

Imagine if we buy bitcoin for $50k but in 3 months the price drops to $30k and doesn't increase for 1 year. We must be prepared to face this risk and not rush to sell the bitcoins we own because historically bitcoin can always touch a new ATH every few years. So we still need emergency money so that if there is a situation that suddenly requires money it doesn't force us to sell our bitcoins at a loss

[n00ber]

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.

I would not advise newbies to start futures trading, they could easily get liquidated. A less risky strategy and also profitable would to buy and hodl bitcoins for long term than actively trading.
I think you can do a lot better with your writing. Adding punctuation where necessary gives the reader a better understanding of the subject matter and helps them to understand what they are reading in the text.

Not only newbies but even those who have been investing in bitcoin for a long time should stay away from futures trading because it is no different from gambling. If it's a spot trade, I think there will be no problem, but if it's a futures trading, we should stay away from it completely.
OP says bitcoin is not a get rich quick scheme but thinks futures trading is a way to make a profit. That's quite contradictory because those who engage in futures trading intend to get rich quickly.
But honestly, I have never seen anyone get rich from trading. The rich people we know are mostly early investors or long-term holders.

[GreatArkansas]

The problem is that most people are introduced to Bitcoin with the wrong information. When they see Bitcoin volatile, they think of quick-rich schemes. So they jump into it without further research. So due to a lack of knowledge, we are missing some important things related to Bitcoin. We have to invest so that we can afford to lose. Otherwise, we can't hold it for a long time in the event of a dump in the Bitcoin price. Also, it's an important part of bitcoin investment to know how it works. So if we know everything related to Bitcoin, we may not consider it a quick-rich method.

For me, most of the assets are like Bitcoin, like the stock market or gold/silvers. The only difference with Bitcoin is high volatility.

There are also a lot of people that expect this and that even in non-bitcoin assets and some of them are losing money, so for me, I can see it is fair.

[hatshepsut93]

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 can make its holders poor, because there's no mechanism that prevents it from crashing. Its price is dictated by supply and demand, and those are not predictable, because no one knows how people will behave. It's entirely possible that someone will put all their savings or wealth into Bitcoin and then it will crash and ruin their life.

So far Bitcoin was on average going only up, but there's really no good explanation why, and without understanding it we can't know for how much longer it will keep growing and what will happen after it stops.

[dothebeats]

I've been around for almost 10 years, and I never got the grandest of mansions or the fanciest of cars. I offloaded coins along the way, mostly due to necessity, and partly due to the fear of bitcoin not getting to the same levels anymore. It was hard, but thankfully I still have a couple of bitcoins left in my arsenal that I will store for years to come.

Apart from the get-rich quick mindset of people nowadays, lack of self-control and trusting their own emotions instead of looking at what the data tells us is what pushes most to lose their initial investment. People are so quick to sell nowadays during the reds in order to 'mitigate the losses' that they will incur, when in reality (and this is backed by years of trading data) that is just the normal fluctuations of the price in play.

I don't blame them if they sell and want to keep a portion of their money, but they must know that bitcoin is a highly volatile asset, and that wild fluctuations are normal even without a reason.

[angrybirdy]

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 can make its holders poor, because there's no mechanism that prevents it from crashing. Its price is dictated by supply and demand, and those are not predictable, because no one knows how people will behave. It's entirely possible that someone will put all their savings or wealth into Bitcoin and then it will crash and ruin their life.

So far Bitcoin was on average going only up, but there's really no good explanation why, and without understanding it we can't know for how much longer it will keep growing and what will happen after it stops.

Actually you have a point as bitcoin is volatile, we really don't know when it will go up and down but as an investor, it's our responsibilities to review and to check the market so that we are aware on the current state of the coin. If you're into investment, in order not to get broke is to diversify your investments, Although it does not guarantee against loss, but this is the most important component of reaching long range financial goals while minimizing risk.

[fuguebtc]

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 can make its holders poor, because there's no mechanism that prevents it from crashing. Its price is dictated by supply and demand, and those are not predictable, because no one knows how people will behave. It's entirely possible that someone will put all their savings or wealth into Bitcoin and then it will crash and ruin their life.

So far Bitcoin was on average going only up, but there's really no good explanation why, and without understanding it we can't know for how much longer it will keep growing and what will happen after it stops.

To be fair, bitcoin is just a financial market like the gold or stock market , it can also make us rich or it can also make us poor. Whether we succeed or fail depends entirely on us, not bitcoin. Bitcoin is still classified by the financial world as a high-risk asset because its volatility and adoption level are not large enough. So it would be biased against bitcoin to say that bitcoin is risk-free.
Even though bitcoin is over 15 years old , to be honest , the risks of bitcoin are still huge when compared to other traditional assets. But the higher the risk, the higher the profit.

[Jegileman]

If you’re promised that you’ll get rich overnight then that is already a big sign of red flag. No great investment that will last long can be achieved overnight. You have to put in hardwork and patient before it can happen. As in the case of bitcoin, you have to be patient and not to take the wrong move that will cost you to lose your investment. Bitcoin has been ascertain from prior years that it will grow overtime, so having patient in this investment while leaving your money to grow in the long run is the best thing to do. Bitcoin can make you rich if you invest for a long time and can make you lose interest in it if you don’t do right thing that is expected of you.

[jasonjm]

Like any other investment, buying Bitcoin and getting profit from your BTC investment will take time. Take the example of a property or a car; if you buy the property you have to wait for a few years to get a good profit. The same is true for Bitcoin.

Bitcoin investment is a long-term thing, and you have to hold it for a significant period to get a handsome amount of profit. The majority of the investors are going for a long-term plan. One thing that makes Bitcoin Investment different from others is its ROI. If you bought BTC a decade ago, you might be a millionaire by now.

[KiaKia]

Gambling can make you rich overnight but that's if you are ready to pay the price, because you can also turn poor with gambling that's why I won't recommend it, apart from illegal activities nothing can make you rich overnight, it's either it's crime or fraud or killing people for money.

When it's all about legit ways to make money it's going to take a long time and that long time is what many people aren't prepared for, people are obsessed with making money fast and that's why they never win anything, if some get rich quick offer is brought to you it's better to run.

The volatility of Bitcoin is a big opportunity for me, I have never for once doubt on Bitcoin, I have full confidence that you can only be at loss if you sell for cheap price or if you are careless with your private key.

[bitterguy28]

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.

Thanks for the lecture but we have read that thousand times before though it is always healthy to remind the community about what they need to remember and that is the most important thing here and also thank you for reminding everyone , but sometimes we have to put not just typing but also proving that we support and holding bitcoin.
have you bought and hold bitcoin?if not then try not to buy first and add some actual support for the network.
though Yes Bitcoin is not for fast profit but this is the most safety and assured way to invest.

[benalexis12]

Remember that no one gets rich in a short time unless you bet on the lottery or win a lot of money in gambling. Before someone gets rich, everyone waits a long time before they actually get there.

So if you want to get rich through Bitcoin, you must be prepared to wait a while before it happens, and you must also have at least holdings of at least 1 bitcoin, as some communities say here on this forum platform. Or it can also be with other cryptos that also have the potential to provide profit in the future, such as Binance, Ada, Matic, and other cryptos that are top-listed in the market.

[btc78]

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.

while i think that investing in bitcoin still has its own risks, it’s relatively safer than most altcoins most people think that bitcoin’s volatility makes it risky for investment but when you know how to read and analyze a market and strategize based on what you’ve observed you’ll have no problems in getting your profit out of the market