Wrong perspective towards Bitcoin investment

[The Cryptovator]

Whenever you seek quick-rich methods, most likely you will be a loser. There are no so-called mining sites; they are all scams. They trap us by offering quick money. We have to think there is no money-making machine to make us rich over the night. Forget about quick-rich scam sites; even Bitcoin investments won't make us rich quickly. If we expect that, then likely we can't gain from here. We have to understand what Bitcoin is and how it works. But definitely, we have to ignore all kinds of quick-rich methods and offers that we see on the internet.

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[Bitstar_coin]

The issue of getting rich quick isn't something that many adopters take seriously, as they've come to believe it is the only way to make a quick profit. It still saddens me to see that some adopters in our community have taken the wrong step towards Bitcoin investment.

I recently stumbled upon a guy few days back who happens to be a anti-bitcoinist. He showed his frustration and condemned Bitcoin in a way that got my attention. I was eager to know why someone would have hatred for a life changing opportunity like Bitcoin, so I had to ask.

From his reply, he said he came across a Bitcoin mining website that was shared via a YouTube video. The mining site mines Bitcoin in small quantities, which he decided to buy some mining power to accumulate faster. He successfully purchased one of the mining power worth $80, but the site eventually shut down a week later without allowing any withdrawals.

His reply got me laughing because I quickly pointed out two things from what he said:
1. He was eager to get quick profit from an $80 investment but ended up getting scammed.
2. During my early days in crypto, I often came across these demo-like websites and have also fallen victim.

It was very clear to me that some ethusiast who promote Bitcoin don't talk about the risk part of it, while those who adopt Bitcoin on their own don't learn about the risk part of it.

I couldn't just leave him hanging with that mentality towards Bitcoin. I showed him some love by converting $10 worth of Bitcoin from my personal funds, sending it to him, and also sent him the BTT link so he can learn from a large Bitcoin community. I have done my part, and I repeat: there is no such thing as getting rich quick. I am glad he has joined the community, but wouldn't want to be mentioned.

Thanks for reading, and do well to share your opinion.

Not everyone who tries to come in contact with btc is referred to as an enthusiast, if he were one, he would first seek for information about btc, understand the tech and utility.
Most of this get rich quick btc investors comes into the space as a result of what they see and hear from some of the so-called crypto influners on social media who are always showing off their gains and profits from trades and airdrops.
They sell such false ideas to gullible investors to think they can equally make such money within the shortest possible time. It is very sad that majority of investors think this way.

[Hypnosis00]

most people who want to quickly make profits from bitcoin end up failing because they think that when they invest in bitcoin the profit is certain, even though on the contrary when they invest in bitcoin it means their potential to lose money is quite high.

also people who want to quickly make profits from bitcoin also have short-term and illogical thinking, where they invest in things like mining, staking, etc., which offer high profits in the short term, even though they are fraud. and in the end it was predictable that they were scammed by scammers because of their poor knowledge about investment and bitcoin.

That will happen to someone who never knows and clearly understands what they are doing. This will happen to someone who is rushing their entry and gives no time to review or cross-check whether the site is legit or not. We never get scammed if we are too careful and it never happens to us if we have knowledge. Unfortunately, many of us easily got fooled by these scammers because of greediness.

In any investment platform, it is somewhat important not to trust easily and so we did site checking for verification. Bitcoin investment is not a Ponzi Scheme that offers quick returns which is why if someone offers that, that is a big lie and scam.

[red4slash]

Regardless of whether the story is true or just made up in this case we certainly know one important thing that can be used as a pretty good lesson where we will definitely be surrounded by ordinary people who are still very difficult to find out what bitcoin is.

I wouldn't say he is anti bitcoin because if he was anti bitcoin then he wouldn't try mining bitcoint even though the site is fake and there is no way he has a bitcoin address when you want to transfer a little of your goodness.

He is a layman but not really knowing how bitcoin works so he is on a slightly wrong path that makes his mindset different about the view of bitcoin because of the disappointment he got before.

[oktana]

The third Paragraph is just about what I was thinking. I knew that he must have had a bad experience or knows someone who did, for him to project such hatred. It is so unfortunate for Bitcoin how people scam people with the Bitcoin story telling them that if they invest the money will increase and make them millionaires, but then scam them and these people think everything about Bitcoin is just a scam. Hopefully we can continue spreading the awareness of poor Bitcoin.

[ultrloa]

most people who want to quickly make profits from bitcoin end up failing because they think that when they invest in bitcoin the profit is certain, even though on the contrary when they invest in bitcoin it means their potential to lose money is quite high.

also people who want to quickly make profits from bitcoin also have short-term and illogical thinking, where they invest in things like mining, staking, etc., which offer high profits in the short term, even though they are fraud. and in the end it was predictable that they were scammed by scammers because of their poor knowledge about investment and bitcoin.

That will happen to someone who never knows and clearly understands what they are doing. This will happen to someone who is rushing their entry and gives no time to review or cross-check whether the site is legit or not. We never get scammed if we are too careful and it never happens to us if we have knowledge. Unfortunately, many of us easily got fooled by these scammers because of greediness.

In any investment platform, it is somewhat important not to trust easily and so we did site checking for verification. Bitcoin investment is not a Ponzi Scheme that offers quick returns which is why if someone offers that, that is a big lie and scam.

Having bad decision or for rushing everything just to get a bitcoin because they think its always good investment for them and they can get instant profit from it this a product of wrong information posted or told by those people trying to hype bitcoin to people they know. That's why we see people commit some mistake because they are not been warned about other possibilities like to lose their money if they are not careful enough and do some technical things to have good critical thinking regarding on investment schemes they want to try or even on trading.

To many investment platform popping up there since they always think there are newbies will grab the offers they present that's why its very important for newbie to learn something from those schemes and they should not let theirselves feel attracted to the offers they see since usually those people who offer them a lot of money for short of period of time especially without doing anything is most likely a scam.

[Gallar]

The issue of getting rich quick isn't something that many adopters take seriously, as they've come to believe it is the only way to make a quick profit. It still saddens me to see that some adopters in our community have taken the wrong step towards Bitcoin investment.

It cannot be denied that currently there are still many Bitcoin investors (beginners) who have an inaccurate perspective. Most likely all of this is because these investors do not have sufficient knowledge about the ins and outs of bitcoin investment. As a result, people like that will definitely think that Bitcoin is an asset that can make them rich quickly and has no risks. In reality, Bitcoin cannot make investors rich within a month or two. But it takes years to get it. Apart from that, if anyone thinks that Bitcoin has no risks, that is wrong. Because after all Bitcoin still has risks. So this is where it is important to learn first before starting something like investing in bitcoin. Because if you don't start with sufficient knowledge, you are afraid it will hinder the investment process and could also result in losses.

~Snip
From his reply, he said he came across a Bitcoin mining website that was shared via a YouTube video. The mining site mines Bitcoin in small quantities, which he decided to buy some mining power to accumulate faster. He successfully purchased one of the mining power worth $80, but the site eventually shut down a week later without allowing any withdrawals.

Seeking knowledge and learning about bitcoin must also have very good filtering of the information we are looking for. Because sometimes there are many fraudsters who have many strategies and one of them is a strategy that is sweet at the beginning and bitter at the end. So in essence, when looking for information related to Bitcoin, don't be easily tempted by practical things. However, look for information and knowledge related to basic science. And don't be immediately tempted by results/profits.

~Snip
I showed him some love by converting $10 worth of Bitcoin from my personal funds, sending it to him, and also sent him the BTT link so he can learn from a large Bitcoin community. I have done my part, and I repeat: there is no such thing as getting rich quick. I am glad he has joined the community, but wouldn't want to be mentioned.

Thanks for reading, and do well to share your opinion.

The steps you took are very generous, my friend. Indirectly, I can read that you feel sorry for that person, but at the same time you also maintain Bitcoin's good image. Because if you give bitcoin to that person, at least he will have a positive view of bitcoin. And by telling the person how to expand his bitcoin knowledge by joining these BTT forums, it is indeed a better move than YouTube or other platforms.

[Smartprofit]

Greed makes a lot of people lose money, it has always been like this and always will be...

There are no miracles, the only thing that makes you money is studying and knowing exactly what you are doing, everything beyond that is just lottery and casino, it may work or not, but most of the time the casino owner wins.

In my opinion, Bitcoin should not be considered as a means of earning money....
Bitcoin is simply quality money. Since Bitcoin is money that is better than fiat money, Bitcoin increases in value over time. This is a nice bonus for a Bitcoin owner. In the future, it is possible that Bitcoin will become a global reserve asset and an integral part of the gold and foreign exchange reserves of central banks, and in connection with this, its price will increase even more.
However, in my opinion, it does not make sense to consider Bitcoin solely as a speculative asset.

[DaNNy001]

How can we be so sure that you are telling the truth and that this is not self made up story?

If someone is not careful of scammers, crypto scammer are easy to locate someone. When I was new to crypto, I saw many cloud mining services but users on this forum helped me to know that they are scammers.

In crypto, it is good to be careful and avoid scam.

Hmm, I thought I was the only one that actually tried this online mining apps although it was due to the lack of knowledge that I was very vivacious when it comes to mining on these apps and just like you, it wasn't long before all that thought was cleared from my head when seniors here explained and brought insight to me about this stuffs although most of the knowledge i read it from other people's thread as I engaged and enjoy reading discussion about this stuffs.

Being a newbie exposes you to many crypto scams so carefulness and your dedication to learn more is the only thing that can actually guide you out the claws of these crypto scammers .

[MFahad]

The issue of getting rich quick isn't something that many adopters take seriously, as they've come to believe it is the only way to make a quick profit. It still saddens me to see that some adopters in our community have taken the wrong step towards Bitcoin investment.

I recently stumbled upon a guy few days back who happens to be a anti-bitcoinist. He showed his frustration and condemned Bitcoin in a way that got my attention. I was eager to know why someone would have hatred for a life changing opportunity like Bitcoin, so I had to ask.

From his reply, he said he came across a Bitcoin mining website that was shared via a YouTube video. The mining site mines Bitcoin in small quantities, which he decided to buy some mining power to accumulate faster. He successfully purchased one of the mining power worth $80, but the site eventually shut down a week later without allowing any withdrawals.

His reply got me laughing because I quickly pointed out two things from what he said:
1. He was eager to get quick profit from an $80 investment but ended up getting scammed.
2. During my early days in crypto, I often came across these demo-like websites and have also fallen victim.

It was very clear to me that some ethusiast who promote Bitcoin don't talk about the risk part of it, while those who adopt Bitcoin on their own don't learn about the risk part of it.

I couldn't just leave him hanging with that mentality towards Bitcoin. I showed him some love by converting $10 worth of Bitcoin from my personal funds, sending it to him, and also sent him the BTT link so he can learn from a large Bitcoin community. I have done my part, and I repeat: there is no such thing as getting rich quick. I am glad he has joined the community, but wouldn't want to be mentioned.

Thanks for reading, and do well to share your opinion.

People like him often get victimized by such scam services and websites and then start abusing the industry or Bitcoin for being bad or a scam, etc. To be honest, I don't blame them for getting scammed because they don't have enough knowledge but then we can blame them for not trying to gain enough knowledge before getting into investments. I don't understand how a person can invest their hard-earned money somewhere without doing proper research and finding out whether the service is genuine.

When I first learned about Bitcoin and cryptocurrencies, there were a lot of scams and HYIP websites around the industry, and since it was new, a lot of people used to become victims of them, most of them used to be Bitcoin doublers, etc. So, it's all about knowledge and experience, when you join a financial market without experience, you should at least try to gain enough knowledge to survive.

[irsykes]

Whenever you seek quick-rich methods, most likely you will be a loser. There are no so-called mining sites; they are all scams. They trap us by offering quick money. We have to think there is no money-making machine to make us rich over the night. Forget about quick-rich scam sites; even Bitcoin investments won't make us rich quickly. If we expect that, then likely we can't gain from here. We have to understand what Bitcoin is and how it works. But definitely, we have to ignore all kinds of quick-rich methods and offers that we see on the internet.

only beginners have the idea of getting rich quickly, they are not precise in the concept of investment. all require methods that are not easy to do. Indeed, in the crypto world, what is impossible can happen because many things happen. Don't expect to get rich quickly investing in crypto, but start with the wrong lessons and become introspective so that they don't happen again

[Miles2006]

Your story tells alot about people who go against bitcoin and other crypto, no one will just wake up one morning and start hating cryptocurrency except they've experienced something dramatic and bad. Your friend failed to make some research and sometimes when I hear offers like this I will be like this offer is too good to be real, there's no such thing like getting rich quick with some random site we see online, not only bitcoin investment but it has to do with every investment.
Probably your friend think he can just earn something huge using online site, very funny. A lot of people have experienced such but I will not blame them cause they lack the knowledge about bitcoin and the moment people like this get enlighten about bitcoin and scammers they'll no longer be a victim to such, don't just teach anyone about bitcoin without telling them the risk involve or rather bring them to where they can acquire bitcoin knowledge if they're willing.

[jrrsparkles]

The issue of getting rich quick isn't something that many adopters take seriously, as they've come to believe it is the only way to make a quick profit. It still saddens me to see that some adopters in our community have taken the wrong step towards Bitcoin investment.

I recently stumbled upon a guy few days back who happens to be a anti-bitcoinist. He showed his frustration and condemned Bitcoin in a way that got my attention. I was eager to know why someone would have hatred for a life changing opportunity like Bitcoin, so I had to ask.

From his reply, he said he came across a Bitcoin mining website that was shared via a YouTube video. The mining site mines Bitcoin in small quantities, which he decided to buy some mining power to accumulate faster. He successfully purchased one of the mining power worth $80, but the site eventually shut down a week later without allowing any withdrawals.

People who expect a 100-dollar investment to make them rich have no idea what is investment and they can't blame Bitcoin for their own mistake which is due to their greed of their own led to fall for such a scam method. This is very common among the people and their view is that they blame fiat money because they lost their fiat because someone robbed their wallet.

Anyone who thinks sensible can understand who is to blame in this.

[boty]

Whenever you seek quick-rich methods, most likely you will be a loser. There are no so-called mining sites; they are all scams. They trap us by offering quick money. We have to think there is no money-making machine to make us rich over the night. Forget about quick-rich scam sites; even Bitcoin investments won't make us rich quickly. If we expect that, then likely we can't gain from here. We have to understand what Bitcoin is and how it works. But definitely, we have to ignore all kinds of quick-rich methods and offers that we see on the internet.

only beginners have the idea of getting rich quickly, they are not precise in the concept of investment. all require methods that are not easy to do. Indeed, in the crypto world, what is impossible can happen because many things happen. Don't expect to get rich quickly investing in crypto, but start with the wrong lessons and become introspective so that they don't happen again

It's true what you say, every beginner certainly thinks that by investing in Bitcoin they will be able to have wealth easily from the results of the investment they make and also they don't do any research about Bitcoin and only look at those who have gotten results from investments made by other people. without seeing how the person goes through the process they do.
When investing, of course we cannot expect to easily gain wealth from the investments we make, of course we have to go through various processes to achieve this and we have to really learn well about investment to be able to get a profit from the investments we make.

[Issa56]

The issue of getting rich quick isn't something that many adopters take seriously, as they've come to believe it is the only way to make a quick profit. It still saddens me to see that some adopters in our community have taken the wrong step towards Bitcoin investment.

Some newbies that are entering the crypto space are not properly introduced, some of them are brainwashed and have the wrong knowledge about bitcoin. Some people think that if you join crypto investment, you will be making instant profits without any risk. If you notice the way signal providers always introduce bitcoin to people, they will give you confidence that you can never lose money if you join cryptocurrency. I think some people are misguided, and that’s why.

From his reply, he said he came across a Bitcoin mining website that was shared via a YouTube video. The mining site mines Bitcoin in small quantities, which he decided to buy some mining power to accumulate faster. He successfully purchased one of the mining power worth $80, but the site eventually shut down a week later without allowing any withdrawals.

When you see videos on YouTube, you shouldn’t trust them. Most videos are posted just because they need subscribers or viewers, and scammers are always taking advantage of this to promote their scam websites. Seriously, you won’t blame the person for being against bitcoin, they got introduced to it in the wrong way, and I am sure if anyone is introduced to something and the person is scammed, they will lose interest. Scammers are one of the reasons some people are still against bitcoin.

It was very clear to me that some ethusiast who promote Bitcoin don't talk about the risk part of it, while those who adopt Bitcoin on their own don't learn about the risk part of it.

You are right, some people just talk about the positive aspects of bitcoin to motivate people to invest in it, and they won’t tell them the facts that they are supposed to know about bitcoin. If you are introducing anyone to bitcoin, tell them the necessary things they should know,  if they are interested, then they can invest, and if they are not interested, they can just forget about it.

[irsykes]

Whenever you seek quick-rich methods, most likely you will be a loser. There are no so-called mining sites; they are all scams. They trap us by offering quick money. We have to think there is no money-making machine to make us rich over the night. Forget about quick-rich scam sites; even Bitcoin investments won't make us rich quickly. If we expect that, then likely we can't gain from here. We have to understand what Bitcoin is and how it works. But definitely, we have to ignore all kinds of quick-rich methods and offers that we see on the internet.

only beginners have the idea of getting rich quickly, they are not precise in the concept of investment. all require methods that are not easy to do. Indeed, in the crypto world, what is impossible can happen because many things happen. Don't expect to get rich quickly investing in crypto, but start with the wrong lessons and become introspective so that they don't happen again

It's true what you say, every beginner certainly thinks that by investing in Bitcoin they will be able to have wealth easily from the results of the investment they make and also they don't do any research about Bitcoin and only look at those who have gotten results from investments made by other people. without seeing how the person goes through the process they do.
When investing, of course we cannot expect to easily gain wealth from the investments we make, of course we have to go through various processes to achieve this and we have to really learn well about investment to be able to get a profit from the investments we make.

because seeing friends who live in the crypto world looks like it's easy to make money. which makes beginners with big ambitions able to imitate their friends. The hope of beginners is that they need time quickly, but on the contrary, it is very difficult to go through the process of being able to adapt to the environment and understand the conditions. Many people go through a process that takes years to have their lives changed because of the effects of crypto

[avp2306]

The issue of getting rich quick isn't something that many adopters take seriously, as they've come to believe it is the only way to make a quick profit. It still saddens me to see that some adopters in our community have taken the wrong step towards Bitcoin investment.

I recently stumbled upon a guy few days back who happens to be a anti-bitcoinist. He showed his frustration and condemned Bitcoin in a way that got my attention. I was eager to know why someone would have hatred for a life changing opportunity like Bitcoin, so I had to ask.

From his reply, he said he came across a Bitcoin mining website that was shared via a YouTube video. The mining site mines Bitcoin in small quantities, which he decided to buy some mining power to accumulate faster. He successfully purchased one of the mining power worth $80, but the site eventually shut down a week later without allowing any withdrawals.

People who expect a 100-dollar investment to make them rich have no idea what is investment and they can't blame Bitcoin for their own mistake which is due to their greed of their own led to fall for such a scam method. This is very common among the people and their view is that they blame fiat money because they lost their fiat because someone robbed their wallet.

Anyone who thinks sensible can understand who is to blame in this.

Those people believe that they can easily get rich by investing on bitcoin or any platform using bitcoin as their tool to attract users will actually encounter such huge lose since they might expect a lot from this without knowing the risk that they are stepping on. Then usually once they fail on their expectation they start to curse bitcoin and call it as scam without knowing for theirselves that they are the one who commit such mistake and those losses encounter is the result of their greed.

Sometimes newbie is denial for their own mistakes made that's why its really good or best for them to know first what they are trying to participate so that they would know the risk and what they should expect on their  possible investment made there.

[jrrsparkles]

Sometimes newbie is denial for their own mistakes made that's why its really good or best for them to know first what they are trying to participate so that they would know the risk and what they should expect on their  possible investment made there.

No one should invest on anything if they don't understand it, and newbies means they are just stepping in so even if they invest on Bitcoin they can't expect it to become million dollar profits, and keep learning about the investment makes them successful which isn't done by most but all they want is profit by simply doing nothing which will never be possible not just in Bitcoin is simply applied universally.

[Mate2237]

This are some of the things that making some people to avoid using bitcoin. When they have gotten scam because they were interested to invest in bitcoin but along the line they were scammed so they started to tag bitcoin as a scammers something. Really these scammers are give bad image to bitcoin.

There should be a public orientation that should be given to the people at the public domain not to invest in bitcoin through YouTube, and social media platforms but investment when a trustworthy person told you to do so. The scamming reate is increasing day by day.

[EarnOnVictor]

Whenever you seek quick-rich methods, most likely you will be a loser. There are no so-called mining sites; they are all scams. They trap us by offering quick money. We have to think there is no money-making machine to make us rich over the night. Forget about quick-rich scam sites; even Bitcoin investments won't make us rich quickly. If we expect that, then likely we can't gain from here. We have to understand what Bitcoin is and how it works. But definitely, we have to ignore all kinds of quick-rich methods and offers that we see on the internet.

Thank you for this advice, I hope people can learn it and still change before they become the next victim of cryptocurrency. This scam started with Bitcoin, later, it graduated to Ethereum, but now, you see it all around the cryptocurrency as a whole. It is so bad to the point that people are so gullible, they just believe even when they haven't learned a single thing about where and what they are committing their money. How bad could that be? Once they hear the name Crypto, they believe is an automatic way to make money, but it is not, one can make the money or lose it, and one of the fastest ways to lose money in cryptocurrency is to believe in hypes and HYIP. The most common ones are mining scams and other fake staking scams. Everyone needs to learn and know the way the cryptocurrency they are dealing with works before they commit their money especially if you want to stake or mine. Many of them are now on social media employing the services of influencers to swindle people due to their cheap trust in mere handles. The earlier we know, the better for us.