Bitcoin is not a quick rich and get poorer investment.

[tjtonmoy]

Investing before a potential bull run is good. It can give you profit early. But hodling for a longer period of time is even better. As everyone says, hodling is the key. It has its advantages but also remember, never marry your wallet. There will be times when you can get profit from your investment. If you are wise enough, you will take that opportunity to make profits. Then you can invest again to accumulate more BTC at a lower price. Then you can HODL again for a longer period of time.
It's all about finding the opportunity and taking advantage of it. Failing to do so will lead to loss or no profit at all. And yes, this takes time. It doesn't happen overnight.

[Yatsan]

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.

Problem is with people's impression towards this industry and Bitcoin itself. They have high expectations due to market price volatility but never considered its risk more than anything else.Many people gained huge profit from the previous all time high which quite gave them the idea that you could be rich quickly from investing into it. As we all know and as others have already said, no success has been done in a single night. Patience will be always needed not only with Bitcoin but also with other tokens in this market.There are also right entry points which would help you maximize the profit if you are just planning to invest at that point.

[Dr.Bitcoin_Strange]

Are you just knowing this now, or are you telling people who are not yet aware of it? The funny thing is that from the first topic that was created this week, a user made a statement, and that statement happens to be exactly your topic, and it's not a coincidence that you are creating this topic, not because you never saw those comments; you should have just dropped this post right on that first topic instead of starting this new one.

[panganib999]

At some levels yeah, bitcoin is indeed a long-term commitment rather than a short-term affair that you use to make a quick buck. For the most part, you have to time your buys or your short sellings correctly, to make sure that you don't shoot yourself in the foot. But that doesn't mean that you can't make money in the cryptocurrency industry this way, matter of fact, a lot of people earn money from spot trading.

I get what you're trying to convey, and honestly speaking I stand by this hill as you guys are too. But forcibly putting your vision of how bitcoin should work upon others would seriously hurt bitcoin, and the industry as a whole. Imagine if everyone just held crypto and never sold, we'd all look like idiots here. Imagine if the market stood still and everyone just waited for someone to break the ice, isn't that a little too uneventful and depressing?

[Assface16678]

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

True, although bitcoin is too risky due to its high volatility, it serves as an opportunity for other traders that really understand how bitcoin works or for those traders who know how to analyse the market, and it can only be attained with extensive training and knowledge and with a lot of patience and effort. Yes,  bitcoin may not be a quick rich investment or a shortcut to wealth, but it can give you opportunity and some profits depending on how the investor does it. We can see a lot of complaints about losing a lot of money in bitcoin just because they got hyped and entered into something that they didn't have any idea about, hoping to earn a lot. If you can't take the risk and accept the losses, then an investor like that doesn't deserve the rewards from taking the risks, life is all about risk and if you can't take it then don't do it especially in crypto curren y or bitcoin.

[oktana]

Bitcoin won’t make you poor unless you have weak hands. Motivational speakers say that it is when you quit that you have lost. And this is the truth in cryptocurrency as a whole. Like Bitcoin, you can only say you’ve lost when you actually quit and sell because, even if the value of Bitcoin reduces, you’ll still have the same fraction or quantity you had. It’ll now be a game of patience because that same quantity can go back to the amount you purchased it for, and can often go even higher to give you profits. It all depends on the patience and luck. Luck because you could be lucky and you don’t have to wait for long like someone else.

[serjent05]

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.

@OP if you look at the recent thing that happened in Bitcoin, your belief that Bitcoin can't be hyped is wrong.  Anything in the market can be hyped.  Because the market is full of emotions and sentiments that one good or bad news can be easily used to affect the market.

Trading in futures can easily make you rich and can instantly make you bankrupt.  If you wanted to have lesser risk, just hodl and wait for Bitcoin to moon.  After all Bitcoin halving is just around the corner, this means the breaking of the all-time high event is also coming.  So if anyone wanted to get profit in the shortest span of time, accumulate now before the bull run dominates the market.

[2Pizza410000BTC]

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 worth investing but if you trade futures with bitcoin it will never be worth to you instead if you trade futures you will be more ruined. Futures trading is more dangerous than gambling. Just like when you lose on a gambling platform you lose your money, just like when you enter a futures trading platform if you go into liquidation you will be completely wiped out and your money will never come back. So I would like to say that one should never enter a trading platform especially with little trading experience. To date both less experienced and more experienced people who have joined the futures trading platform have lost their money this is a guarantee, no one will make money permanently from here. Some people have been so ruined by this futures trading that they have not been able to stand upright till now. So I would say always try investing instead of futures trading.

[Mauser]

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 never really was a get rich quick investment, even the people who have been around since the beginning needed to wait a long time for the price to reach 10,000 or 20,000 USD. There have been only a few occasions where you could have made huge profits in a very short time. But the chances to hit these perfect timings are very small and it's not advisable to aim for them. Then again there are plenty of other assets that made insane gains when bought at the right time. In my opinion it's wrong to take the past price changes and expect the repeat of the same performance. We always need to take the current market situation into consideration and look at the forecast for the future instead of the past. There will always be chances to get rich quickly, but so will be the chances to lose money quickly as well. I would recommend anybody to take a more longterm approach to investing and build up a profitable portfolio over time, we will be less disappointed if we don't pick the bitcoin investment at the right time.

[Pablo-wood]

.......

Even a year is not a guarantee. When we say Bitcoin is a long term investment asset it simply means it has no specific time for profit or loss margin. The idea is simply to hold until the profit rader begins to set. Sometimes this profit rader might sets within few months and atimes within a long time. It is simply an asset that tests the level of discipline, emotional control and determination of an investor

[moneystery]

agree with what you say that investing in bitcoin is not a quick way to become rich. it is not when you invest in it in 6 months you immediately profit, even your investment value can decrease because the bitcoin market is difficult to predict, even for professionals it is still difficult for them to guess the pattern of bitcoin to get profit.

so throw away the assumption that a person can get a quick profit from bitcoin investment because it is a mistake. investment in bitcoin takes time and patience, not just as long as you invest and then the next day you will get a profit of millions of dollars, that is not like that.

[Ayers]

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 worth investing but if you trade futures with bitcoin it will never be worth to you instead if you trade futures you will be more ruined. Futures trading is more dangerous than gambling. Just like when you lose on a gambling platform you lose your money, just like when you enter a futures trading platform if you go into liquidation you will be completely wiped out and your money will never come back. So I would like to say that one should never enter a trading platform especially with little trading experience. To date both less experienced and more experienced people who have joined the futures trading platform have lost their money this is a guarantee, no one will make money permanently from here. Some people have been so ruined by this futures trading that they have not been able to stand upright till now. So I would say always try investing instead of futures trading.

OP has emphasized that bitcoin is not an altcoin, which means he also knows the risks of investing in altcoins, but the funny thing is that he ultimately believes that futures trading can make him rich, LOL.

It can be said that futures trading is many times more dangerous than investing in altcoins. If forced to choose, I would rather invest in altcoins and stay away from futures trading.

I agree with you, it is even riskier than gambling and will make us lose money faster than gambling. Bitcoin will not make us poor unless we invest in it properly, buy and hold for the long term. Don't try any method like trading or staking if we don't have the knowledge and are not ready for the risk.

[Y3shot]

The reason why people are too fast to gett profit from Bitcoin is because they do not understand how bitcoin is,  because one who really understand the market of bitcoin won't be in haste to make profits from the market.  Bitcoin is always a longtime investment,  it is only people have patience to hodl can get profits from Bitcoin investment.  Thinking that bitcoin can give profits so fast or make one to be rich quick is just a wrong thinking and will always lead to disappointment.  Bitcoin is unpredicted but it is very certain that profits will be made from every investment as fat as one have patience.

[Z390]

Investing before a potential bull run is good. It can give you profit early. But hodling for a longer period of time is even better. As everyone says, hodling is the key. It has its advantages but also remember, never marry your wallet. There will be times when you can get profit from your investment. If you are wise enough, you will take that opportunity to make profits. Then you can invest again to accumulate more BTC at a lower price. Then you can HODL again for a longer period of time.
It's all about finding the opportunity and taking advantage of it. Failing to do so will lead to loss or no profit at all. And yes, this takes time. It doesn't happen overnight.

You are right, it's all about using the present situation at your own advantage,  if it's a bear market you should be buying and holding, then when bull market comes you should be taking profits and start preparing for the next bear market, beginners learned this the hard way as they buy when they should be selling and they sell when they should be buying, it's all because they lack the knowledge of how the market circle works.
I did same mistakes before and it doesn't took me very long to understand the whole thing, it's a shame that some people will make the same mistakes over again because we will keep seeing new investors as crypto grows in general, they will be some old investors exit liquidity and they will learn from it, and in future they will also exit on some new investors by the time, it's like a never ending circle.
Since I have been investing money into Bitcoin and other altcoins, the prevalence of people have been discouraged by the waiting game of crypto investment, they don't just like it, that's why systems designed to cheat people are surviving, like HYIP and get rich quick strategies online, people are too desperate for fast money.

[Negotiation]

It's true that bitcoin investment is not a get rich quick way but if you invest here you have to wait patiently. The crypto market is not stable and the price will always go up and down so investors who can wait patiently for a long time will get good profits. Of course you can try your hand at investing, profit from the games of experienced traders but if you understand how to make money from the volatility of cryptocurrency then you will understand the principle of investing. Investing in bitcoin can be very profitable to make money especially in high volatility situations.

[Lorence.xD]

The reason why people are too fast to gett profit from Bitcoin is because they do not understand how bitcoin is,  because one who really understand the market of bitcoin won't be in haste to make profits from the market.  Bitcoin is always a longtime investment,  it is only people have patience to hodl can get profits from Bitcoin investment.  Thinking that bitcoin can give profits so fast or make one to be rich quick is just a wrong thinking and will always lead to disappointment.  Bitcoin is unpredicted but it is very certain that profits will be made from every investment as fat as one have patience.

People could still profit from short-term investment which we can call trading, but we know that the process of short-term investment is really stressful as there are a lot of things you would have to consider just to profit, of course, as you would only need a small amount of time since you're taking advantage of the volatility, the amount of profits is not that high unlike to long-term investment. For sure those investors understand how Bitcoin works, it is just that we people have different minds and preferences when it comes to investment, some don't afford it and are patient enough to wait for months or years to make a profit in Bitcoin. But even if you do shot-term investment for a long time, one thing for sure that you won't be rich in just a short period of time, everything takes time that's why it would be better to hold Bitcoin.

[2Pizza410000BTC]

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 worth investing but if you trade futures with bitcoin it will never be worth to you instead if you trade futures you will be more ruined. Futures trading is more dangerous than gambling. Just like when you lose on a gambling platform you lose your money, just like when you enter a futures trading platform if you go into liquidation you will be completely wiped out and your money will never come back. So I would like to say that one should never enter a trading platform especially with little trading experience. To date both less experienced and more experienced people who have joined the futures trading platform have lost their money this is a guarantee, no one will make money permanently from here. Some people have been so ruined by this futures trading that they have not been able to stand upright till now. So I would say always try investing instead of futures trading.

OP has emphasized that bitcoin is not an altcoin, which means he also knows the risks of investing in altcoins, but the funny thing is that he ultimately believes that futures trading can make him rich, LOL.

It can be said that futures trading is many times more dangerous than investing in altcoins. If forced to choose, I would rather invest in altcoins and stay away from futures trading.

I agree with you, it is even riskier than gambling and will make us lose money faster than gambling. Bitcoin will not make us poor unless we invest in it properly, buy and hold for the long term. Don't try any method like trading or staking if we don't have the knowledge and are not ready for the risk.

In fact, comparing futures trading to gambling means that as money is lost in gambling, it is never recovered. Money lost on futures trading platforms is never recovered. Future trading platform is very dangerous, those who get addicted are the worst losers in life. The OP here probably doesn't know enough that futures trading can make him rich, if he knew about futures trading he would never have mentioned getting rich from futures trading.

[taufik123]

-snip-
Future trading platform is very dangerous, those who get addicted are the worst losers in life. The OP here probably doesn't know enough that futures trading can make him rich, if he knew about futures trading he would never have mentioned getting rich from futures trading.

It would be very dangerous if futures trading is used by people who are not right, do not have the knowledge and rely only on luck.
This is just as dangerous when compared to gambling.

You must have good knowledge before you start trading futures, as this will be related to the money you are risking.

Let alone futures trading, day trading will even be dangerous if you do not know how to do good trading analysis and management.
About 95% of traders incur losses by day trading.

Futures trading does not always make people rich, there are more traders who lose and fall into poverty when trading futures.
Starting futures trading must really know what to do, be able to do analysis well and capital management properly.

[Pandu Geddon]

The reason why people are too fast to gett profit from Bitcoin is because they do not understand how bitcoin is,  because one who really understand the market of bitcoin won't be in haste to make profits from the market.  Bitcoin is always a longtime investment,  it is only people have patience to hodl can get profits from Bitcoin investment.  Thinking that bitcoin can give profits so fast or make one to be rich quick is just a wrong thinking and will always lead to disappointment.  Bitcoin is unpredicted but it is very certain that profits will be made from every investment as fat as one have patience.

People could still profit from short-term investment which we can call trading, but we know that the process of short-term investment is really stressful as there are a lot of things you would have to consider just to profit, of course, as you would only need a small amount of time since you're taking advantage of the volatility, the amount of profits is not that high unlike to long-term investment. For sure those investors understand how Bitcoin works, it is just that we people have different minds and preferences when it comes to investment, some don't afford it and are patient enough to wait for months or years to make a profit in Bitcoin. But even if you do shot-term investment for a long time, one thing for sure that you won't be rich in just a short period of time, everything takes time that's why it would be better to hold Bitcoin.

even some investors don't have a definite investment framework for their Bitcoin. what is awaited is the price target or ATH target. So as long as that hasn't been achieved, all you have to do is buy when it goes down and hold. Predicting profits in investment plans based on time is usually more inaccurate. we can plan the target investment time in 6 months - 1 year. but the price situation that we plan is sometimes not appropriate. and that requires us to keep holding our Bitcoins to achieve the expected profits.

[tjtonmoy]

You are right, it's all about using the present situation at your own advantage,  if it's a bear market you should be buying and holding, then when bull market comes you should be taking profits and start preparing for the next bear market, beginners learned this the hard way as they buy when they should be selling and they sell when they should be buying, it's all because they lack the knowledge of how the market circle works.

Also never sell all at once or buy with everything you have in one go. You will miss out on many chances if you do that. As I mentioned before, the market is not stable and it's quite unpredictable. So if you put all your money in one trade, you are fucked. You will miss every upcoming opportunity and feel regret. Thus you will make an emotional decision. Well, that's not good.
Same thing with selling. If you sell in one go, the price may go up more and you will lose that opportunity too. It's all about playing safe while making the best out of it. Take the profit you desire and after that is done, buy or sell in portion. That's it.