Why most beginners so much believe bitcoin can make rich

[Zigabel]

What make people so much believe that immediately they just buy bitcoin they will become rich, like I was  just thinking about this, if people think the bitcoin you buy will bring more bitcoin just like that.if bitcoin should be something that only brings profits I doubt if it will be still existing today. It would have ended just like other ponzi schemes that placed over the years.  

The way some people think about bitcoin they feel too comfortable and so relax as if life is so easy like money can be achieved with no form of work. Investors gain profits from Bitcoin because they worked for it, they had patience with the up and down of the market,  This is not an easy work that anybody with no understanding can achieve from bitcoin.

Some of these taughts are accumulations of what they have seen around with a very poor knowledge or perspective as to what it actually is. Some persons have actually sold off the wrong idea to their friends and when these newbies happens to meet this as their first idea of Bitcoin it causes them more harm than good because they think wrongly about Bitcoin meanwhile they could actually get proper education and understand better. Bitcoin has actually gotten some others rich but it wasn't an instantaneous thing, it took months and even years of consistency in the cryptocurrency industry for the to have gotten to the point they are and not just by getting a few units of Bitcoin.

Sometimes na all those street boys dey cause this things, when dem don gor run client street collect their Bitcoin dem go come dey lie say dem dey into Bitcoin say na wetin dem dey wkrkwey dey give dem money be dat so newbies now go think say na true say immediately dem buy Bitcoin dem go start to dey ball not knowing say no b like dat, so e good make person dey understand something well fes before dem go dey do all these things dem.

[Stable090]

What make people so much believe that immediately they just buy bitcoin they will become rich, like I was  just thinking about this, if people think the bitcoin you buy will bring more bitcoin just like that.if bitcoin should be something that only brings profits I doubt if it will be still existing today. It would have ended just like other ponzi schemes that placed over the years.  

If you enter YouTube now or you see some signal providers on telegram or WhatsApp, they go make you think say if you just invest in bitcoin then you don make money be that, or immediately wey you start to Dey trade bitcoin, you don Dey get money be that, and things no Dey work like that. Bitcoin no be get rich quick scheme, if you wan really make money from bitcoin, then you go need buy am and hold am for long time be that ooo.

Any body wey come meet you wey ask you say make you invest bitcoin in a platform and you go make quick return within a short particular time without any risk involved in it, make you just know say that person wan scam you.

[Belarge]

What make people so much believe that immediately they just buy bitcoin they will become rich, like I was  just thinking about this, if people think the bitcoin you buy will bring more bitcoin just like that.if bitcoin should be something that only brings profits I doubt if it will be still existing today. It would have ended just like other ponzi schemes that placed over the years.  

We make and print money with our good ideas and not everything require hardwork. We should always make sure we're having a nice time trying out good promising projects in the market, always keen on taking huge steps to focused on ourselves. Secondly bitcoin is not a get rich quick scheme, I'm aware about ponzi schemes and how they've dealt with people mercilessly. Ponzi schemes are quite different from bitcoin because it's been in existence for years and have generated enormous revenue for the crypto space.

[Nonstop_H]

What make people so much believe that immediately they just buy bitcoin they will become rich, like I was  just thinking about this, if people think the bitcoin you buy will bring more bitcoin just like that.if bitcoin should be something that only brings profits I doubt if it will be still existing today. It would have ended just like other ponzi schemes that placed over the years.  

The way some people think about bitcoin they feel too comfortable and so relax as if life is so easy like money can be achieved with no form of work. Investors gain profits from Bitcoin because they worked for it, they had patience with the up and down of the market,  This is not an easy work that anybody with no understanding can achieve from bitcoin.
Normally in life no pain no gain, to buy Bitcoin and sell required a long time holding which can not be overemphasize here, to me this thread is a problem that requires solution because many references has been made how newbies think Bitcoin is a quick money making scheme, I do not totally sucome to that reason been that in life if you are not informed you are deformed why you think the beginners need more research before going into Bitcoin trading there is nothing wrong in posting usefull links that will be usefull to them by so doing you are also solving problems though to those who are willing to learn. Conclusively is far better to profar solution than discussing just the problem .

[Judith87403]

The way some people think about bitcoin they feel too comfortable and so relax as if life is so easy like money can be achieved with no form of work. Investors gain profits from Bitcoin because they worked for it, they had patience with the up and down of the market,  This is not an easy work that anybody with no understanding can achieve from bitcoin.

Their is every chance that someone could make money through Bitcoin investment and also not investment wise for people to channel or putting all their hopes of getting rich into Bitcoin because in as much as Bitcoin is one of the best investment one could venture into but it has a process which doesn't involve getting rich quick investment but instead it takes time and a lot of patients for your investment to mature which could be referred as long term holding because since Bitcoin has been able to move this far within this number of years their is also a big chance that years to come it will surely be far higher than this so perhaps if someone is consistent on investing on Bitcoin he /she will be surprised to see how far his investment most have yielded in the future.

[Su-asa]

What make people so much believe that immediately they just buy bitcoin they will become rich, like I was  just thinking about this, if people think the bitcoin you buy will bring more bitcoin just like that.if bitcoin should be something that only brings profits I doubt if it will be still existing today. It would have ended just like other ponzi schemes that placed over the years.  

The way some people think about bitcoin they feel too comfortable and so relax as if life is so easy like money can be achieved with no form of work. Investors gain profits from Bitcoin because they worked for it, they had patience with the up and down of the market,  This is not an easy work that anybody with no understanding can achieve from bitcoin.

You are right and that is what is killing some investors today, they see others getting rich through Bitcoin and they think it's by magic, they don't even want to know the process they pass through,the risks they go through before getting to where they are now, they believe is by investing and all that but they got that wrong, they need to get close to people who are already into it for more understanding and also do more of research by themselves so that they won't also get mislead because others are good in misleading people with the wrong information. So they ought to be careful and always remember Rome wasn't built in a day, it's by gradual process, it takes a lot to become rich it's not just a overnight something.

Getting rich through Bitcoin might not be the problem for them but the main issue there is how much do they have? Growing through Bitcoin as a beginner you really need to have a lot of money, and you still need to be patient. Well it's quite obvious that many newbies in crypto are the type that can't hold Bitcoin because most of them lack he knowledge about the process of holding and accumulating. And lastly, they don't know the strategy (pattern) they can use to gain from Bitcoin.

[Miles2006]

One of the major reasons people think bitcoin investment is all about quick profit is because of the information spread out about bitcoin for example, if I’m introducing bitcoin knowledge to an individual who have not heard about bitcoin and I definitely want to exaggerate I might end up speaking false words not even associated to bitcoin. The way information about bitcoin is being spread out can be false at times, besides bitcoin is not only an investment choice but bitcoin can be use for international transactions. Bitcoin is a long term investment choice and not just patience but people should understand bitcoin is not so perfect.

Getting rich through Bitcoin might not be the problem for them but the main issue there is how much do they have? Growing through Bitcoin as a beginner you really need to have a lot of money, and you still need to be patient. Well it's quite obvious that many newbies in crypto are the type that can't hold Bitcoin because most of them lack he knowledge about the process of holding and accumulating. And lastly, they don't know the strategy (pattern) they can use to gain from Bitcoin.

Bitcoin knowledge can be acquired, just like the way everyone learnt about bitcoin likewise newly investors can also learn and invest properly except the person is not even ready so bitcoin knowledge is not an excuse. Growing through bitcoin is not all about the money but the patience and effort a newbie put into their investment, everything involves gradual process in bitcoin investment and I will advice a newbie not to invest all at once at first till they get to know about the investment, a lot of money is not so necessary at first but, gradually I believe anyone can build their financial capacity 

[Hewlet]

Bitcoin investment is far from being a ponzi scheme because when you invest in Bitcoin you will see how the market is going and know when you're making profits or incurring losses unlike ponzi schemes that is very fraudulent because what they basically do in a ponzi scheme is just to rotate people's investment and after which they've witnessed a large number of investors the system eventually crashes.

it's only those that don't understand how the system works that will be afraid of investing into Bitcoin. After staying a while in this sphere I can boldly say that the chances of getting loss in Bitcoin investment at the moment is almost 3% and even for such, it's mostly for individuals that aren't patient enough to allow thier invest stay for a reasonable timeframe and have to taking at the time the need to be buying more Bitcoin.

No doubt, no one wouldn't be concerned about his investment and think about the possibility of things going wrong but when you're just too fucosed on the negatives, you can't get the best out of your investment. For those beginners that think investing into Bitcoin can make them rich, the idea isn't wrong but it's not just about investing into Bitcoin with any small amount of money and expect that overtime they will have a good amount of profit, but having a good amount of investment  is what determines if a person will be really profitable or not after holding his Bitcoin for a particular time frame.

[Abbatty]

What make people so much believe that immediately they just buy bitcoin they will become rich, like I was  just thinking about this, if people think the bitcoin you buy will bring more bitcoin just like that.if bitcoin should be something that only brings profits I doubt if it will be still existing today. It would have ended just like other ponzi schemes that placed over the years.  

The way some people think about bitcoin they feel too comfortable and so relax as if life is so easy like money can be achieved with no form of work. Investors gain profits from Bitcoin because they worked for it, they had patience with the up and down of the market,  This is not an easy work that anybody with no understanding can achieve from bitcoin.

I don see plenty people wey be say the mindset wey make dem invest in bitcoin na to make fast money. Well most time I de feel say na people wey been introduce dem into bitcoin investment de cause am. Like if you de try convince someone to invest in bitcoin still tell am the risk and losses wey they involve too. If you see bitcoin as a making money fast type of project then na the biggest mistake wey you de make be that.

So if you are coming into bitcoin today thinking you are going to make it tomorrow then you are getting it all wrong, that why it always advisable for newbie who are willing to invest in bitcoin to try and make as much research as possible so they don’t get the wrong impression about bitcoin, so they should also know that there investment can also lead to loss. Most people who suffer loss in bitcoin are people who lack patience. Let take the current market as an instance, the market have been on dip  for sometime now so if u had invented before the dip now is definitely not the best time to sell. So most people who don’t make research before investing would panic now and even sell their holdings if possible.

And again if your are introducing anyone into bitcoin try to make dem know that getting rich through bitcoin is never a problem but the problem should be how much patience do you have, like how many years can you wait. Because that have always been the problem, most people want to get rich but lack the the patience.

[Ever-young]

What make people so much believe that immediately they just buy bitcoin they will become rich, like I was  just thinking about this, if people think the bitcoin you buy will bring more bitcoin just like that.if bitcoin should be something that only brings profits I doubt if it will be still existing today. It would have ended just like other ponzi schemes that placed over the years.  

The way some people think about bitcoin they feel too comfortable and so relax as if life is so easy like money can be achieved with no form of work. Investors gain profits from Bitcoin because they worked for it, they had patience with the up and down of the market,  This is not an easy work that anybody with no understanding can achieve from bitcoin.

You are right and that is what is killing some investors today, they see others getting rich through Bitcoin and they think it's by magic, they don't even want to know the process they pass through,the risks they go through before getting to where they are now, they believe is by investing and all that but they got that wrong, they need to get close to people who are already into it for more understanding and also do more of research by themselves so that they won't also get mislead because others are good in misleading people with the wrong information. So they ought to be careful and always remember Rome wasn't built in a day, it's by gradual process, it takes a lot to become rich it's not just a overnight something.

Getting rich through Bitcoin might not be the problem for them but the main issue there is how much do they have? Growing through Bitcoin as a beginner you really need to have a lot of money, and you still need to be patient. Well it's quite obvious that many newbies in crypto are the type that can't hold Bitcoin because most of them lack he knowledge about the process of holding and accumulating. And lastly, they don't know the strategy (pattern) they can use to gain from Bitcoin.

Being patient with your investment, Yes, but having so much money first before you can build your portfolio, that I cannot completely agree with you. Maybe that could be one effective approach but there are so many other approaches one could accumulate a good number of bitcoin overtime without necessarily having a bank full of cash.
One effective approach is the DCA technique which I believe you're very much conversant with.
With the DCA method, you really don't need to have a bank full of cash, all you need  is to have a good source/s of income that will enable you to be able to take out some amount and buy BTC on a weekly, monthly or am interval that'll be more suitable for you, this way you can accumulate a good number of coin overtime without really having a huge sum stashed somewhere.

[Fiasem20]

Those beginners that think bitcoin can make a person rich overnight are those that received a false information about bitcoin.Acquiring the right knowledge on bitcoin and how it works is very important.Beginners thought on how Bitcoin make a person rich is absolutely correct but where it is misunderstood is when they think it is a get rich scheme investment.Nothing comes so easily, something similar to bitcoin you get rewarded for being patient even with the ups and downs of the market.Every means of being rich passes through some stages,so that's bitcoin's own unique stage of being rich.

[DubemIfedigbo001]

Bitcoin investment is far from being a ponzi scheme because when you invest in Bitcoin you will see how the market is going and know when you're making profits or incurring losses unlike ponzi schemes that is very fraudulent because what they basically do in a ponzi scheme is just to rotate people's investment and after which they've witnessed a large number of investors the system eventually crashes.

Bitcoin and ponzi schemes have lot of differences ranging from the fact that bitcoin is decentralized and owned by no one while ponzi schemes are centralized and controlled by the developers of such schemes.

Bitcoin offers transparency in its transactions and you cannot loose your coins unless you were careless with your seed phrases or private keys, but you can sleep and wake up to the reality of not being able to access the gambling sites no more. A lot of people have had bitter experiences of gambling sites folding up after they invested heavily in it, such can never be said about bitcoin.

More people adopting usage of Ponzi sites does not determine its longevity, It in fact means more money to the scammers that created it, but more adoption of bitcoin enriches all investors as the more the price goes up, the better the gains investors make from it.

Bitcoin serves as a means of investment, Job opportunity and transactions medium for its investors and users, but Ponzi has no valid features, has no economic value and can be only described as a gambling activity owing from the fact that you can either gain or loose from it. You are solely in charge of your investments and transactions with bitcoin while ponzi investors are at the mercy the admins of such ponzi schemes

bitcoin is very different from ponzi and it is in fact an insult to the lord of crypto currencies to be in any way compared to ponzi. investments in bitcoin should be highly encouraged in investment gatherings and financial consultations while ponzi shouldn't even be a topic for discussion in such gatherings and can only be introduced among gamblers.

[Yucky]

Indeed, it is quite fascinating to witness the allure that Bitcoin holds for many individuals. The belief that purchasing Bitcoin will lead to instant wealth is a common misconception that stems from a combination of factors. Firstly, the rapid and significant in the value of Bitcoin over the years has captivated the attention of the masses, fueling the notion that it is a quick path to riches. Secondly, the limited understanding of how Bitcoin operates contributes to these unrealistic expectations.

[CryptoHeadlineNews]

The common misconceptions I have come across why many people believe that Bitcoin could make them rich is the fact that simply because they heard that if 10,000 BTC 14yrs ago could only afford just 2 Pizzas, of which that same 10,000 is roughly now approximately $610 million. Hence, due to ignorance recently, many people now think that if they too could buy a significant amount of Bitcoin, in the next few weeks or months, they could make profit of his investment, forgetting that it actually took BTC 10-14yrs, for it's value to rise that such. And one thing common about all those who think investing in Bitcoin could make them rich overnight is that they lack the basic understanding/fundamentals of Bitcoin/Cryptocurrency. Hence, it's very good people strive to acquire the knowledge first, before investing a penny into Bitcoin.

[Uhwuchukwu53]

Truth be told, Bitcoin no be get rich quick scheme even say we dey get small small profit for inside, when we dey invest for bitcoin na patient be the main virtue wey we suppose carry for mind towards our investment, beside before you invest e dey very advisable make we for get wattin go dey give us money so that we no go dey depend on our bitcoin investment, so newbie ot beginner make  put am for una mind say na when you leave you investment Tay naim you go get better profit, and one of the way when you go fit get this patient na when you use DCA instead of lump sum because for DCA na just small small moni go dey leave your system to your wallet and you no go too feel am, na why e dey required of every newbie to use DCA first until when Dem don gain enough psychological and emotional balance when we reach bear season then Dem don graduate to fit use lump sum or other strategy.

Na the truth be that but  person wey dey outside the investment no go know say Bitcoin no be quick to rich something because dey Don hear or see person wey done benefits from BTC all their mind be say immediately as them enter everything go sarara for them but waiting dey know no is that the person don exercise patient even face some heart or emotional disorder as the prices do fall and rise, the button line be say na people wey no want apply sense of details of how BTC work they quickly believe that one. There is n doubt that BTC can make rich if one endure and invest a huge sum of money and apply long term holding the results will sure but expecting it to be a sharp sharp business profit is ignorance.

[Loveday422]

Why they believe Bitcoin can make them rich ,they have been seeing people of different kind who are into mining of Bitcoin who turned rich ,so they have seen in different ways too that Bitcoin pays that is why and the most reasons why they believe that Bitcoin can make rich

[odunybiz]

What make people so much believe that immediately they just buy bitcoin they will become rich, like I was  just thinking about this, if people think the bitcoin you buy will bring more bitcoin just like that.if bitcoin should be something that only brings profits I doubt if it will be still existing today. It would have ended just like other ponzi schemes that placed over the years.  

The way some people think about bitcoin they feel too comfortable and so relax as if life is so easy like money can be achieved with no form of work. Investors gain profits from Bitcoin because they worked for it, they had patience with the up and down of the market,  This is not an easy work that anybody with no understanding can achieve from bitcoin.

Most newbies that believe in this doesn't stay long in the space before they quit. Bitcoin or crypto isn't a get rich quick scheme. Even if some may be lucky to invest doing bull run and they make good money in limited time. That couldn't be applicable for everyone. To make it in the space, one needs alot of hardworking and patience. This is why it's good for us to always get inform about the pros and cons of investing in cryptocurrency before we start.

[Mayor of ogba]

Bitcoin is capable of making anyone rich if you understand it is not a quick-to-get-rich thing. Anyone who holds bitcoin for the long term, both newbies and pros, without the mindset of selling it for a short-term profit will surely be rich with his bitcoin investment. And don't blame newbies for thinking bitcoin will make them rich, because they are right because bitcoin will make anyone rich who invests in it and doesn't sell it when bitcoin is in a dip, and one of the reasons why newbies easily think of that is when they see testimonies online about how people got retired from their jobs because of the profit they made from their bitcoin investment. Self-custodial (decentralized) is the reason why people have adopted the use of bitcoin, and not only to get profit through bitcoin investment. With bitcoin, no one will spy on you, decide how or when to use your bitcoin, or scrutinize your transactions. Bitcoin will free us.

[AVE5]

What make people so much believe that immediately they just buy bitcoin they will become rich, like I was  just thinking about this, if people think the bitcoin you buy will bring more bitcoin just like that.if bitcoin should be something that only brings profits I doubt if it will be still existing today. It would have ended just like other ponzi schemes that placed over the years. 

Technically when you buy and hodl Bitcoin you're going to make profits if you can have some patience with your investments. Nobody had bought had held Bitcoin and regretted it. The only time you'll regret is when you sell due to fear of the market crashing. Bitcoin has it's time when the market is red and when you sell during this time, you'll be at lost it isn't like by hodling Bitcoin that you're going to lose, no you only lose when you sell so don't sell but keep holding. People are yet to under how the financial markets works, if they do they won't be worried about the ups and down of Bitcoin price. Anything tradable has be to volatility, what just make that of Bitcoin different is because it's a new market and doesn't have many users yet compared to other financial markets.

That's true, You only lost when you're not patient in holding your bitcoins asset and before embracing the digital market, you must understand that the bitcoin assets are volatile financial technology potentialed to increase in value. That's apparently to say it has its times of Ups and Down which can't be predictable.
So, you to keep holding and keep eyes on the market hoping for a rise before selling. It's quite believable that those that holds longer never regrets it while those on the timelines of quick sells are most regrettable because they sells at a lower price when market is yet to rise.

Bitcoin can actually make you rich but it depends on the approach you take, it isn't a get rich quick assets but can make you rich when you buy and hodl. Others have done it in the past and it worked for them, yours isn't going to be different. You just have to know that the ride isn't all going to be smooth all through. There'll be rough times that your patience will be tested and only those who had diamond hands will be rewarded at the end of the journey.

People are too optimistic about Bitcoin because of the way the moon boys advertise it on social media platforms like YouTube. This is the reason we have many weak hands in the markets that sells at any negative news they see because they came into the market due to the hype they saw on social media without understanding how things work over here. They just think it's going to be a smooth ride up but that's not how it works.

It's FOMO that actually makes faithless bitcoin Investors to sell their coins and have doubts on bitcoin after looses due to their impatients.

[Kliss]

Many people have this belief that as soon as they buy Bitcoin, they will instantly become wealthy. However that is not how it works in reality. If Bitcoin were something that consistently brought profits without any effort, it likely wouldn't still exist today. It would have ended up like other Ponzi schemes that have come and gone over the years, but Bitcoin investment is far from being a Ponzi scheme. Unlike fraudulent Ponzi schemes, Bitcoin investment allows individuals to actively monitor the market and make informed decisions based on their profits or losses. It's a legitimate investment opportunity that requires knowledge and understanding of the market dynamics. Some individuals have a relaxed and overly comfortable mindset when it comes to Bitcoin as if life is easy and money can be effortlessly obtained. But the truth is investors who have gained profits from Bitcoin have put in the work and demonstrated patience amidst the market's ups and downs. It's not an easy feat that anyone can achieve without a proper understanding of how Bitcoin operates. No investor wants to experience losses, but it's important to maintain a positive mindset and stay focused and determined in any endeavor. Overcoming obstacles is part of the journey towards achieving great results.