Wrong perspective towards Bitcoin investment

[stomachgrowls]

Well, a lot of people assume that it is okay to invest in crypto without knowledge about this. They just underestimate the volatility of the market and think, I could make more profit without doing anything. They'll find it wrong and realize their fault after disappointments.

If we dare can't spend time doing research, understanding the market behavior, etc...we'd rather not try because as other members are saying, we only just fail and get hurt. That is why we should stop assuming it all be okay but rather prepare for the risk and enhance our knowledge because this is the only way it helps us to succeed or else, we fail.

Some people may still think that in the past btc or similar coins were suddenly rich because of it, due to several factors or things that made it possible for those who made huge profits from it, remember the old days when btc was not as valuable as it is now, and people saw it as impossible to get rich from it because we know the price is very, very worthless, BTC PRICE THEN
But now we see that the price is very valuable and many people may expect btc to be like back then, where it was very easy to get. And I agree with the description you gave, but there are still risks and don't think that this is all instant without adequate knowledge.

And this is the main reason on why people do really loves on trying out to catch up those opportunities on dealing up with some projects or simply with those shitcoins out there on which they are really that having  those kind of hopes that they would be able to get on the same train on what they had missed on Bitcoin and this is where it do really ends up on really look likes that people do becomes that desperate on the things that they are currently dealing with in terms of investing into crypto space. It is really just that there would really be those people who would really be just blindly making out those kind of actions
on which we know that it isnt something that recommended or it is really just that too much on doing so.

If you are someone whose really that thinking that Bitcoin investment could make you rich then better think again. Be realistic and somewhat you should really be
sticking into those viable ideas on which that it cant really be always that ideal to have those high hopes.

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[itorai]

Well, a lot of people assume that it is okay to invest in crypto without knowledge about this. They just underestimate the volatility of the market and think, I could make more profit without doing anything. They'll find it wrong and realize their fault after disappointments.

If we dare can't spend time doing research, understanding the market behavior, etc...we'd rather not try because as other members are saying, we only just fail and get hurt. That is why we should stop assuming it all be okay but rather prepare for the risk and enhance our knowledge because this is the only way it helps us to succeed or else, we fail.

Some people may still think that in the past btc or similar coins were suddenly rich because of it, due to several factors or things that made it possible for those who made huge profits from it, remember the old days when btc was not as valuable as it is now, and people saw it as impossible to get rich from it because we know the price is very, very worthless, BTC PRICE THEN
But now we see that the price is very valuable and many people may expect btc to be like back then, where it was very easy to get. And I agree with the description you gave, but there are still risks and don't think that this is all instant without adequate knowledge.

And this is the main reason on why people do really loves on trying out to catch up those opportunities on dealing up with some projects or simply with those shitcoins out there on which they are really that having  those kind of hopes that they would be able to get on the same train on what they had missed on Bitcoin and this is where it do really ends up on really look likes that people do becomes that desperate on the things that they are currently dealing with in terms of investing into crypto space. It is really just that there would really be those people who would really be just blindly making out those kind of actions
on which we know that it isnt something that recommended or it is really just that too much on doing so.

If you are someone whose really that thinking that Bitcoin investment could make you rich then better think again. Be realistic and somewhat you should really be
sticking into those viable ideas on which that it cant really be always that ideal to have those high hopes.

Good advice I will try it, indeed almost everyone wants the same thing that is instant in every impossible thing to do. Sometimes I was the same, but now I realize that everything is not instant and easy to go through.
As you said there are some people who despair in investing, especially those who take capital from others (loans) to invest and expect consistent profits with very satisfying results, but in reality they are the opposite of expectations that do not match reality.

[Cryptmuster]

And this is the main reason on why people do really loves on trying out to catch up those opportunities on dealing up with some projects or simply with those shitcoins out there on which they are really that having  those kind of hopes that they would be able to get on the same train on what they had missed on Bitcoin and this is where it do really ends up on really look likes that people do becomes that desperate on the things that they are currently dealing with in terms of investing into crypto space. It is really just that there would really be those people who would really be just blindly making out those kind of actions
on which we know that it isnt something that recommended or it is really just that too much on doing so.

If you are someone whose really that thinking that Bitcoin investment could make you rich then better think again. Be realistic and somewhat you should really be
sticking into those viable ideas on which that it cant really be always that ideal to have those high hopes.

Bitcoin will not make you rich, for this you will need knowledge, ability to analyze the market, take into account risks and most importantly, you must have sufficient capital to invest in Bitcoin, otherwise it will definitely not make you rich. But it is also stupid to deny that there are people who, by investing in Bitcoin, have become very rich, which means it is possible. I believe that any successful investment is the result of long and hard work on oneself, those who are willing to learn will achieve success.

[uchegod-21]

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

Majority of the stories we read here are just made up stories and since we do not have any reliable means to differentiate a real story from a fake one, we just rely on our instincts and maybe believe whatever we like. Is there a penalty for anyone you lies in the forum? Maybe the same punishment for plagerism be metted to them?

Meanwhile, Op's story whether real or made up is a common knowledge and also the main reason why many people, especially the newbies claim that bitcoin is a scam. It is these third party platforms that gives bitcoin bad names.

I think your story is very random, it happens with anything you spend $80 on.

Most people classify losing $80 as a scam but they are truly fortunate in their ignorance, $80 can only mean that you invested in experience for a situation that should not be repeated.

Do you mean that you have read some other stories related to $80 and scam?

[Raceonsucced]

Absolutely, there is no possible way in which you can get rich overnight. If you rob a bank, then only it is possible, else no work has capable of doing this. Now in this type of situation if someone promises to give you huge amount of profits, then definitely it will be scam only. People think Bitcoins are quick way to make money, but after investing in it, they know the reality. Hence, definitely they need to get out of this wrong thing.

Some people think that what their seniors do is easy and anyone can copy them. But that's very wrong thinking, they should be more sensitive to what the senior has previously done and at the point where the senior is in an amazing position. Not seeing and thinking that simple, so they (beginners) should continue to learn and learn from trusted and proven useful sources, before doing what they want that way I think the success rate will be quickly felt and in the end they (beginners) will feel the position like their seniors.

[MFahad]

Bitcoin will not make you rich, for this you will need knowledge, ability to analyze the market, take into account risks and most importantly, you must have sufficient capital to invest in Bitcoin, otherwise it will definitely not make you rich. But it is also stupid to deny that there are people who, by investing in Bitcoin, have become very rich, which means it is possible. I believe that any successful investment is the result of long and hard work on oneself, those who are willing to learn will achieve success.

Even having sufficient capital wouldn't make one rich if they are investing in Bitcoin unless the price of Bitcoin goes into the millions which isn't going to happen very soon. People or investors that got rich by investing in Bitcoin were the ones who invested when the price of Bitcoin was very low and they believed in it at that time and their belief and confidence in the cryptocurrency paid off and Bitcoin soar extremely high from where it was during those times.
Right now, only the rich can get richer by investing in Bitcoin, and regular or normal investors can only get some profit on their investment. This is the biggest reason why there are so many altcoins in the market right now, because people started investing in altcoins after Bitcoin went high because they knew they won't be able to get multiple folds of their investments in Bitcoin now so they started looking for those results in other cryptocurrencies.

[bbigtart]

Bitcoin will not make you rich, for this you will need knowledge, ability to analyze the market, take into account risks and most importantly, you must have sufficient capital to invest in Bitcoin, otherwise it will definitely not make you rich. But it is also stupid to deny that there are people who, by investing in Bitcoin, have become very rich, which means it is possible. I believe that any successful investment is the result of long and hard work on oneself, those who are willing to learn will achieve success.

Indeed, many people misunderstand bitcoin, which in the end they have the wrong view about investing in bitcoin so they are easily fooled by other people's invitations. This is all because they have the mindset that investing in bitcoin is to get rich quickly. Even though many people have become rich by investing in Bitcoin, it all requires knowledge and requires a long process to achieve that wealth.

To create the right perspective on Bitcoin, we must often seek information and study Bitcoin science in depth so that our mindset regarding Bitcoin investment changes to an asset for the future, not a get-rich-quick pattern.

[Mate2237]

It is only those who are greedy to get money quick without thinking the future precautions of the investment. Many have enter into the bad Hans of scammers to be scammed and before they are scammed anything you tell them they would not listened to you because at that moment they want not make money by all means. But nemesis caught them up. And as you mentioned, those who hate Bitcoin, hate it out of frustration and most of them are coming back again.

Many people only tell people about Bitcoin without the precautions and the risk involved in the investment. And they didn't even tell them things to do to grow the investment very fast but just keep them in the middle of no return. And that making the newbies in the cryptocurrency ecosystem market do things which they would not supposed to do.