Bitcoin to the common man.

[Tmoonz]

The common man fail to become successful with bitcoin investment because they continue listen to the media, believing influencers or top figures who knows nothing about bitcoin investment.

bitcoin is not and will never be an investment. An investment is something that you hope will increase in value, there is no way to guarantee that with bitcoin... if someone treats bitcoin as some kind of stake in a company that generates wealth and consumer goods, bitcoin will be a disappointment.

Bitcoin is software... its value is its utility... What other system allows you to send wealth through communication systems without intermediaries? Send any amount of money to anyone on the planet at any time and free from censorship? Bitcoin is an alternative to all the corruption and dirt of the traditional monetary system, a clean, honest and fair alternative.

bitcoin is freedom.

I consider that to be short sighted and dumb, and spreading such a negative information about Bitcoin, Bitcoin has made a significant outstanding performance from it's invention, and has proven to be the best when it comes to the world largest digital asset, it has made a tremendous increments in value and widespread adoption, have you consider those that bought Bitcoin when it was as low as $10k and has held it for long, Bitcoin is best performed when view on a long term perspective of about 4 to 10 years or more where you will have the compounded value of your investment over time.

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[Rockstarguy]

You've said the word for most common man that needs to be applied and that is being "patient". Without this, one cannot achieve being great in Bitcoin because it's one of the most needed character as an investor or holder need to have. You need to be the most patient guy because as we all know, this is a roller coaster ride and today might be bumpy and tomorrow might be bumpier that you haven't expected to come. So, that's why you need to have this character as you invest and you'll learn this for every investment that you're going to get in. As for the people that have invested a lot on Bitcoin and even earlier, they're one of the most patient guys that have believed and trusted it. That's why you and me will certainly change our lives forever with it if you're truly believing to what Bitcoin can do to our lives because it's not just an asset that you'll have to hold but the value of it will increase more because of the adoption that's happening on it and with all of the fundamentals that we're seeing that surrounds it.

If you must succeed in bitcoin investment you must element of patience, this is the character that can make it possible for one to achieve greatly in hodling Bitcoin. The reason why some people find it difficult to hodl bitcoin is because of greed and desperation of making money so quick from bitcoin. No successful hodling without exercising patience.  I know sometimes it is not easy to do this because of some challenges that one might be going through but hodling is still necessary,  if you look on to the present challenges you may never hodl bitcoin. 

Patience is just all we need to stick in hodling Bitcoin and doing so one will definitely get that good profit dreaming of getting. With no patience their is no profit in bitcoin.

[Tmoonz]

Average Joe which are people who have nine to five jobs, not earn a lot and can live comfortable without luxury, is definitely can become rich with Bitcoin.

Am average Joe can only become rich with Bitcoin if the following factors are considered.

1. Investing only the amount of money he /she can be comfortable with( investing only what he or can afford to lose)

2. Must be committed to using the dca strategy either weekly or monthly according to his or her financial situation

3. Stay focused and objective

4. Must have self conviction ( not doing it because that is what everyone seems to be doing or talking about)

5. Must be psychologically prepared for the uncertainty that may or may not happen

6. Must be ready to learn more as time goes on

7. Provisional emergency, reserved and float funds as much as he or she can

8. Must understand how much of discretional/disposable income he or she has

9. Must use a safe storage

10. He or she doesn't have to sell for few dollar profits

11. Must not see Bitcoin as a quick and get rich scheme

They just need to adopt frugal or minimalism living and they should use almost all of their money to invest in Bitcoin. They don't have to prepare emergency funds because Bitcoin itself is high liquidity currency which you can sell immediately for your needs.

It is never a good idea to invest all your money, investing all your money will definitely tend to increase your emotional instability when there is a downward trends in the market, it is also very important you make provisions for your emergency funds to enable you not to sell your investment in times of emergency, Bitcoin is not a quick and get rich scheme.

[eightdots]

You've said the word for most common man that needs to be applied and that is being "patient". Without this, one cannot achieve being great in Bitcoin because it's one of the most needed character as an investor or holder need to have. You need to be the most patient guy because as we all know, this is a roller coaster ride and today might be bumpy and tomorrow might be bumpier that you haven't expected to come. So, that's why you need to have this character as you invest and you'll learn this for every investment that you're going to get in. As for the people that have invested a lot on Bitcoin and even earlier, they're one of the most patient guys that have believed and trusted it. That's why you and me will certainly change our lives forever with it if you're truly believing to what Bitcoin can do to our lives because it's not just an asset that you'll have to hold but the value of it will increase more because of the adoption that's happening on it and with all of the fundamentals that we're seeing that surrounds it.

If you must succeed in bitcoin investment you must element of patience, this is the character that can make it possible for one to achieve greatly in hodling Bitcoin. The reason why some people find it difficult to hodl bitcoin is because of greed and desperation of making money so quick from bitcoin. No successful hodling without exercising patience.  I know sometimes it is not easy to do this because of some challenges that one might be going through but hodling is still necessary,  if you look on to the present challenges you may never hodl bitcoin. 

Patience is just all we need to stick in hodling Bitcoin and doing so one will definitely get that good profit dreaming of getting. With no patience their is no profit in bitcoin.

Being patient is a necessary condition not only in Bitcoin but in all investments. Achieving excellence in investing is difficult and in some cases impossible, but being patient can lead to a high-return outcome. The urge to win quickly leads people to make mistakes. You are right about this. Being patient by acting within a certain plan is one of the characteristics required to achieve goals.

We all want to reach our goals immediately, but the market has a structure, acting within this structure and being patient will benefit us in reaching our goals.

[Troytech]

Average Joe which are people who have nine to five jobs, not earn a lot and can live comfortable without luxury, is definitely can become rich with Bitcoin.

They just need to adopt frugal or minimalism living and they should use almost all of their money to invest in Bitcoin. They don't have to prepare emergency funds because Bitcoin itself is high liquidity currency which you can sell immediately for your needs.

The problem is people who don't earn a lot are diversify their investment, when your capital is low, it's better for focus on one investment until it grow so much.

Anyone who follows your advice is definitely going to end up in a big financial situation that he would regret, how would someone invest all of his money I to bitcoin without keeping his emergency funds or doing proper calculations to make sure he isn't choking himself by over investing more than he should or his income allows him to into bitcoin.

It seems you don't know the role of emergency funds and your view of bitcoin is pathetic, emergency funds is like an Insurance that you don't sell off your bitcoin so early than you should due to any state of panic or un planed situation you find your self In, when people find themselves in emergency and they have no spare cash their instinct would drive towards any thign of value they can sell and in this scale bitcoin, so to avoid a situation like this to happen it's good to account for emergency funds in other not to be caught off guard.

And bitcoin is not a ponzi scheme that you just invest all your money into, expecting a miracle, you should also know that anything can happen and you can end up losing all your funds  or your investment fails to produce profits in the duration you plan to expect it.

[Smartvirus]

But with all the challenges faced by the average man, many have given up hope in this light(Bitcoin) .
Patience is one key factor to acquiring success through Bitcoin .

If only the common man would have to be patient, then a guarantee of life long success can be attainable.

Bitcoin doesn’t just come to you does it, you don’t own Bitcoins or even factions of it by being patient. You’ve got to invest in the industry at some point. This means you need money from some stream of income to do that. So you work, save up and start your Bitcoin journey with an investment. Afterwards, your other virtues to hodling successfully could apply and that be patience. No many would want to trade because, they hope to make maximum profits on this but, many at times, it’s turned to be a failed move by beginners who go hungry for profits without proper experience on how to trade the Bitcoin market.
You don’t need a skill to hodl, just a clear determination to do so and disciplined enough to not doubt the process.

[JayJuanGee]

You make the term 'patience,' sound like the common man should be waiting for profit without making any reasonable investment. The activity that one engage in while waiting for an investment to mature or in the process of starting an investment is what counts and that's how the common man can see opportunities and make profit.

The overwhelming majority of common men do not have lump sum amounts to invest into bitcoin or anything else. So one of the best things that any common man can do is to create his own situation in such a way that he has discretionary income - which means that he has income that is extra as compared with the level of his expenses - so that when he invest into bitcoin, then he can just continue to build the investment.  He is not waiting, he is continuing to build little by little by little through the years.  And, so yeah, with regular investments, he might not end up making much if any progress, even if he puts value into such regular investments.. and also with regular investments, he might not be able to invest $10 per week or some modest amount, yet with bitcoin there are ways to invest small amounts on a very regular basis and over a long period of time.

So, patience may well not be a passive activity, but a kind of activity that is ongoingly reinforced through continued investing into bitcoin and setting aside the stash that over 10, 20 30 years or so may well end up providing a lot of opportunities, even though it is not guaranteed, but if a common man takes measures to protect his stash, then he will have decent potentials of putting himself in a place in which he has more options.

If the dream requires large capital, the common man should know that the best way to make profit from BTC investments is to HoDL for long term.

The most likely absence of large capital is part of the advantages that bitcoin helps to achieve for the common man.. If the guy has large capital then his situation is advantages, yet with bitcoin large capital has chances of being built through years, and years and years of ongoing accumulation using relatively small amounts that build with time.. again no guarantees, yet bitcoin continues to appear to be one of he long term greater of asymmetric bets available to someone who is starting out with relatively small capital or little capital to build his capital by putting time, energy and value into bitcoin.

So if our common man doesn't have the luxury to wait that long, he/she might as well try to trade with BTC to eke out profits, but there would be loss as a newbie to trading, try to complete transaction and do payments for purchases or service across and within the borders of the country of residence and try out other crypto trading on an exchange listing to gain different experience. This would alone make them more interested and have a clear concept of how to make profit/gains from BTC investments both in the long and short term duration.

Your ideas sound really mixed up here.

With bitcoin, there are needs to think about trading or fucking around with various shitcoins.  For the common man.  Just stay focused on accumulating bitcoin as aggressively as you are able to do without overdoing it and while making sure that you are safeguarding your coins... and there are no reasons for common men to devolve into trading, gambling or screwing around with shitcoins with some kind of a belief that they need to try to expedite the process of becoming rich because they are poor, and if they think like that, then they are likely going to have fun staying poor if they cannot remove themselves from get rich quick thinking, gambling, trading and/or fucking around with shitcoins.

So even if some common men might ONLY be able to invest $10 per week and it takes him a whole year to get $520 invested, every once in a while he should be removing those accumulated amounts from third parties (such as exchanges) and then moving them to his own personal self-custodial storage ways that are hopefully secure... and maybe at some point advancing to a hardware wallet, yet there are other ways to secure amounts and the level of security might vary  depending on how much you want to store and to assure that no one can access the coins except for you and/or your designated beneficiaries in the case you die or otherwise become incapacitated.

OP to be honest, in the society where I live the person you are explaining, works hard to earn a living only, he doesn't dream of luxuries and in my view, he spends a peaceful night after eating a good meal, the only problem is he faces sometimes is the worries of earning for his family, they earn and eat they dont focus on the savings. Here I'm not going to mention the challenges and how struggling life they spend but I'm trying to explain in their point of view they dont need Bitcoin, actually Bitcoin is the source of attention for the middle class.

Bitcoin won't even help him a lot as well, because he cant invest enough money to jump from the lower class to the middle. At the same time when we are gonna compare the expenses of our life with them I mean middle with lower classes there's no match obviously.

The investment term is not for everyone because not everyone can afford to invest and take the risk of 2 meals, I think this is where our entire financial system lacks.

Yes.. it is too fucking bad, if you don't have any discretionary income, then you cannot invest.  So yeah.. life is unfair, but what you going to do about it?

If you never can figure out a way to establish some discretionary income then you are never going to be able to save or invest into anything.

With bitcoin you have to be able to put away money and to be able to forget about that money for 4-10 years or longer, and surely the more that you can scrounge up then you as a lower class person, you may be able to pass up a middle class person who did not save and/or invest.

The ONLY way that you can invest is by somehow figuring out a way to have a discretionary income to earn more and/or to cut expenses, so that whatever you invest you are not going to need for 4-10 years or more.. If you cannot do that, then you won't be able to get direct advantages from bitcoin, and you will ONLY get indirect advantages of bitcoin as a system being more fair than current status quo debt based (fiat based) systems.

I wil admit that there are a lot of folks who are really in bad shape in terms of their income and/or their expenses, so they have to either increase their income and/or cut their expenses to create a system in which they have discretionary income, even if it is ONLY $10 per week... What else are they going to do?  A revolution?  I mean there is ONLY so much that anyone can do to figure out if they can increase their income and/or cut their expenses so that they are able to invest in bitcoin and/or anything else.

and yeah it can frequently take 30-40 years or longer for someone to really save up and potentially get ahead, and sometimes when trying to save up and invest through various fiat systems, you are not fucking going to get ahead, so at least bitcoin provides some possibility of hope of getting ahead for some folks who are able to at least figure out a way to establish a discretionary income in which they are able to save and invest and to tuck away some amount that hopefully is small enough that they ar not going to need it and that they can build their nest egg of bitcoin (satoshis) and protect them while they are stacking them.

[YUriy1991]

I understand what you mean and where you're going. yes. It's like poetry, but if it starts and runs, it will be extraordinary. BTC is for everyone and the good news is that Bitcoin holders are growing and expanding right now and this is a strong signal towards larger numbers despite the current downtrend.

At the moment everything still looks bullish, although the $59K price round acts as the right resistance but the price prediction will be high after this halving is over is not impossible this year and will head above $100K Btc and most likely will be exceeded and of course step by step.

[Samlucky O]

"common man", a common term for the average citizen.
"An average citizen", one who strives daily
To meet up in securing the basic necessities of life. Approached by Bitcoin , the common man sees hope!
Hope of a bright future.

How many common man is investing in Bitcoin today? People hide under the shadows of pretency claiming to invest why they do not. The reason why the poor get poorer and the rich getting richer is this:
1. They don't take important opportunity serious. They always doubt, procrastinate and want to see result before investing. Even when they are convinced they will not be satisfied until there is no much or less opportunities anymore. Bitcoin was for the Common man but the common never took it serious and others did so I doubt if actually bitcoin is for common man

2. The Rich get richer, because they are risk takers, they make good use of any information given to them and use it to do something tangible. They dont doubt, don't procrastinate, don't ague, they don't want to see result before doing it but doing and hoping for the best at the end of the tunnel. They  make good use of their time because they know the importance of time.That is why bitcoin is no longer for the Common man.

Hope of achieving a longtime dream of primordial success.

The success of bitcoin can be achieved by investing in bitcoin and HODLing for long of about 10-15 year atleast with deligent, tolerance to HODl without panic of the ups and downs of the Market, consistency by DCA every week,  relentless by not being tired of accumulating. make sure you always have your emergency and reserved fund to back you up in the accumulating process. After doing al this before success can be achieved, because bitcoin is not a short cut to wealth, you must work your way out
To succeed.

Hope of all sorts and to all kinds of men
Bitcoin was like the bright light at the end ot the tunnel.
And it still is!

Yes no doubt about it being the light at the end of the tunnel, but have you in invested on it. Because the light at the end of the tunnel is for those who are patient to HODl for a long term.

But with all the challenges faced by the average man, many have given up hope in this light(Bitcoin) .
Patience is one key factor to acquiring success through Bitcoin .

The average man gave up due to inpatient. Yes patients is indeed the key.

[retreat]

-snip-

If only the common man would have to be patient, then a guarantee of life long success can be attainable.

You treat Bitcoin like "manna from heaven" when simply Bitcoin is a decentralized transaction system developed out of Satoshi's concerns about the current system. It wasn't developed as an investment asset from the start, but somehow over time people considered it an "investment asset" rather than a digital currency. That's not wrong, but what's wrong is how someone deifies Bitcoin and assumes that one can become successful by just investing in it and being patient - and even more hilariously makes it a gateway to "life long success". No need for hyperbole, and just educate people properly, no need to exaggerate.

[I_Anime]

The overwhelming majority of common men do not have lump sum amounts to invest into bitcoin or anything else. So one of the best things that any common man can do is to create his own situation in such a way that he has discretionary income - which means that he has income that is extra as compared with the level of his expenses - so that when he invest into bitcoin, then he can just continue to build the investment.  He is not waiting, he is continuing to build little by little by little through the years.  And, so yeah, with regular investments, he might not end up making much if any progress, even if he puts value into such regular investments.. and also with regular investments, he might not be able to invest $10 per week or some modest amount, yet with bitcoin there are ways to invest small amounts on a very regular basis and over a long period of time.

Yeah most majority of common do not have lump-sum amounts to invest in bitcoin, even when one may try to go all in at once as form of lump-summing purchasing as a common man , he may endup not being able to keep with his investment and handling his financial situation. Leading to that individual messing up with his investment by withdrawing on a regular after seeing his investment as the only means of him surviving due to poor planning.

So  in such situation as a common man DCA strategy would serve as the best means of accumulating bitcoin , by allocating some certain percentage of his earning  , may even start with the amount as low as $10 as his DCA fixed amount as first, aslong the individual his being consistent with it . And may be as time goes on he may tend to increase his DCA amounts Inorder to make his Bitcoin accumulation more effective.

The most likely absence of large capital is part of the advantages that bitcoin helps to achieve for the common man.. If the guy has large capital then his situation is advantages, yet with bitcoin large capital has chances of being built through years, and years and years of ongoing accumulation using relatively small amounts that build with time.. again no guarantees, yet bitcoin continues to appear to be one of he long term greater of asymmetric bets available to someone who is starting out with relatively small capital or little capital to build his capital by putting time, energy and value into bitcoin

 Exactly one just need to patient when it comes to Bitcoin investing , by hodl and the same keep accummulating.  Using DCAing and the other convenience methods in accumulating Bitcoin. With some good proper planning and discipline towards their investment. Just as said though is not guarantee but still Bitcoin has been proving it's self worthy to be among the best investment.

Yes.. it is too fucking bad, if you don't have any discretionary income, then you cannot invest.  So yeah.. life is unfair, but what you going to do about it?

If you never can figure out a way to establish some discretionary income then you are never going to be able to save or invest into anything.

With bitcoin you have to be able to put away money and to be able to forget about that money for 4-10 years or longer, and surely the more that you can scrounge up then you as a lower class person, you may be able to pass up a middle class person who did not save and/or invest

Yeah one not being able to establish some discretionary income won't be able to save or  partake in any form of investment at all. And this ain't encouraging at all , because one need to try all means to have some discretion if he or she is ready to change his. Financial status,  By having different sources or cut some expenses inorder to have some discretion incomes . Because having some discretion income is already a stepping stone to become successful in an investment.

-snip-

If only the common man would have to be patient, then a guarantee of life long success can be attainable.

You treat Bitcoin like "manna from heaven" when simply Bitcoin is a decentralized transaction system developed out of Satoshi's concerns about the current system. It wasn't developed as an investment asset from the start, but somehow over time people considered it an "investment asset" rather than a digital currency. That's not wrong, but what's wrong is how someone deifies Bitcoin and assumes that one can become successful by just investing in it and being patient - and even more hilariously makes it a gateway to "life long success". No need for hyperbole, and just educate people properly, no need to exaggerate.

Yeah you are right in Bitcoin being a decentralised transaction system and  a digital currency . But you are damn wrong one not being able to become successful just by investing or holding bitcoin. You have already scream it out that you a short sighted goal individual , Of not being able to see the beauty of holding Bitcoin. Mate tell this to those early investors that started holding Bitcoin 11 years ago holding some nice quantities till now, they are In massive profit now due to the gradual increase in value in Bitcoin over time . So there's nothing hilarious there because is just the fact that Bitcoin has changed alot of people lives for the better  by just being patient holding a nice quantities of bitcoin.

[Odohu]

I understand what you mean and where you're going. yes. It's like poetry, but if it starts and runs, it will be extraordinary. BTC is for everyone and the good news is that Bitcoin holders are growing and expanding right now and this is a strong signal towards larger numbers despite the current downtrend.

At the moment everything still looks bullish, although the $59K price round acts as the right resistance but the price prediction will be high after this halving is over is not impossible this year and will head above $100K Btc and most likely will be exceeded and of course step by step.

I have given up on trying to know what the price of Bitcoin will be before, during and after the halving because such exercise brings nothing but headache.  Furthermore, I consider it because I'm playing for the long term with no intention of selling now. Making Bitcoin part of my future is my ultimate goal and that is the reason I'm looking beyond quick profits. Selling during the peak and buying back might seem like a reasonable approach but I don't want to complicate things and run into problems. So I will HODL and continue adding more to my portfolio using the DCA method that I'm using to buy.

Those that dwell so much on what the price is end up selling just like many are doing now using the conflict between Isreal and Iran as excuse.

[Amphenomenon]

-snip-

If only the common man would have to be patient, then a guarantee of life long success can be attainable.

You treat Bitcoin like "manna from heaven" when simply Bitcoin is a decentralized transaction system developed out of Satoshi's concerns about the current system. It wasn't developed as an investment asset from the start, but somehow over time people considered it an "investment asset" rather than a digital currency. That's not wrong, but what's wrong is how someone deifies Bitcoin and assumes that one can become successful by just investing in it and being patient -

You definitely aware you are wrong if you actually think right. To be frank I will like you to answer these questions :

• Who actually HODL and accumulate bitcoin and in the end lost their money
• Those who invested in gold in the 90s or early 2000s did they became rich or broke?
• Do you agree with the term bitcoin is the new gold?, can you with this accept bitcoin as the world best store of value now?

and even more hilariously makes it a gateway to "life long success". No need for hyperbole, and just educate people properly, no need to exaggerate.

I wonder how hilarious this is to you when you consider those in WO, also I hope you know that not only through bitcoin investment we can become successful as a bitcoiner while if this might be hilarious to you, then you need to check the Technical board here, since there are alot of bitcoin dev there who make a living in developing bitcoin project like wallet, websites and the likes

[CryptoHeadlineNews]

-snip-

If only the common man would have to be patient, then a guarantee of life long success can be attainable.

You treat Bitcoin like "manna from heaven" when simply Bitcoin is a decentralized transaction system developed out of Satoshi's concerns about the current system. It wasn't developed as an investment asset from the start, but somehow over time people considered it an "investment asset" rather than a digital currency. That's not wrong, but what's wrong is how someone deifies Bitcoin and assumes that one can become successful by just investing in it and being patient - and even more hilariously makes it a gateway to "life long success". No need for hyperbole, and just educate people properly, no need to exaggerate.

Judging from O.P's statement and yours, I can boldly say O.P wasn't actually wrong when he/she described Bitcoin as an asset for "life long success",  because looking at it's value and how BTC has skyrocketed in the past 5 to 10years clearly shows that Bitcoin was and is still remains the only asset capable to grant great return after a long long, and as such if you are lucky to have found anyone who invented a huge sum into Bitcoin 5 to 10years ago and still held on til this day (i.e HODL), you will notice such individual likely to be living a happy and successful life due to the massive increase in the price value of Bitcoin.

So in conclusion, Bitcoin remains the best and only asset to have great return over a long term investment, far better than bank fiat investment.

[Asuspawer09]

"common man", a common term for the average citizen.
"An average citizen", one who strives daily
To meet up in securing the basic necessities of life. Approached by Bitcoin , the common man sees hope!
Hope of a bright future.
Hope of achieving a longtime dream of primordial success.
Hope of all sorts and to all kinds of men
Bitcoin was like the bright light at the end ot the tunnel.
And it still is!

But with all the challenges faced by the average man, many have given up hope in this light(Bitcoin) .
Patience is one key factor to acquiring success through Bitcoin .

If only the common man would have to be patient, then a guarantee of life long success can be attainable.

For sure it is going to be a huge help for someone that doesn't have a lot of wealth or just a common man or maybe just regular people out there Bitcoin could probably change your life if you are lucky and know a lot about it. Patience surely is a huge factor when it comes to investing in cryptocurrency I learned it the hard way already losing a lot of possible profit in the past years, in the past halving I already made a profit exiting the market but it should have been more if I just get patience not rushing to sell my Bitcoin I could have triple my profit easily for sure.

But let's not put everything on Bitcoin thinking that it is the only way around, Bitcoin changes the lives of a lot of people by being able to earn a life-changing amount of money, but they are only lucky at some point it doesn't mean that it is possible it's already going to happen there are always a lot of things that your gonna need to consider. Do not relay it all on Bitcoin always have a backup plan that you can use because Bitcoin is still not a guaranteed things, in fact it is still new to a lot of people, its a speculative market we just don't know what is going to happened pattern are not accurate.

[JayJuanGee]

Many of us are ordinary people who want change in our lives. We know Bitcoin and many of us have succeeded in achieving our long-held dreams and the success we wanted. Many also fail in the middle of the road because they cannot continue what they have started.

Yes, patience is the key to achieving success. However, not many people are able to be patient while going through the process. That's what makes many people fail and not be able to achieve their dreams. They miss the opportunity to change their lives for the better.

Bitcoin gives us and them the opportunity to change their lives for the better. But we have to realize that we have to be patient in going through the process. Nothing is instant in this world and everyone has to go through every process.

Absolutely mate you are right some individual wants to be successful and that's the reason why they choose Bitcoin to invest in cause they will know that Bitcoin can make Their lives more good and have a good financial. Anyways  like what you said above that in Bitcoin we can not say that everyone of us investing in Bitcoin can make a profit on the spot but it will need more patience,time and self control in order to have our little profit. Actually not really bad if we wait a years to have a big profit.

I don't deny what you two said, but I want to say a little more. Investing in bitcoin now and investing in bitcoin 10 years ago are completely different. If 10 years ago someone took the risk of using 100 USD or 1000 USD to invest in bitcoin, they would have had the opportunity to change their life and become rich. But today that is not the case anymore and if you want to change your life or become rich with bitcoin, $1000 or $10k is not enough. Bitcoin no longer has 100x or 1000x growth to bring us huge profits. If you want to increase your wealth then bitcoin can do that, but if you want to get rich with just a small amount of capital then bitcoin cannot help you with that.

The investment thesis of bitcoin is as strong as it was 10 years ago.  Sure, there is less upside potential in terms of magnitude, but there is no reason to change the approach right now as compared to what a guy might have done 10 years ago.  In other words, a guy who figures out that bitcoin is a good investment should attempt to invest as aggressively as he can without over doing it, whether that is $100 per week, $10 per week or some other amount that is within his discretionary income.

Now on the other hand, if you are trying to suggest that there is some other place to put your money, besides bitcoin, then pray tell what is that?  Hopefully you are not implying shitcoins.

The fact of the matter is that bitcoin remains amongst the best of places to invest right now, if not the best, so your nonsense about not being able to profit enough is a bunch of bullshit, because guys who got into bitcoin 10 years ago, were not very confident in whether their investment into bitcoin was going to pay off.  I know.  I was actively involved and got started in bitcoin right around 10.5 years ago, and surely there were not many folks ready to listen to me, and it is true even today, regular folks believe that they are too late to bitcoin, and the main thing that has happened in the last 10 years is that bitcoin has grown somewhat, but it is no fucking where close to being a mature asset, merely because rich folks are using spot ETFs to front run retail investors (and other normies), and so normie common men better get their brains in gear and get started investing into bitcoin rather than pouting about how they are supposedly too late, which seems to be the theme of your dumbass advice legendbtc.

Even in your own case, you have been registered on the forum since mid-2016.  Hopefully you have gotten enough BTC, or did you even think 2016 was too late?  You probably did and you are still whining about how you missed out, and you are still saying the same dumb things that fail refuse to get guys involved into investing into BTC, which is what any and all newbie normies need to be doing for their own good, and bitcoin is not going to wait around for them. . .and the guys buying the BTC spot ETFs are going to try to front run the normie newbies, but even those guys are a bit slow in terms of getting in, so any normie newbies who are getting into bitcoin now, better figure out ways to get started and to get as aggressive as they are able to be with their investment into bitcoin and hopefully they can establish a 4-10 year or longer investment timeline..and then see where they are at 4-10 years down the road.  Of course, if they can front-load their investment into BTC, that is fine too, but many folks are not able to front load their investment, so they just need to create some kind of a practice in which they are investing regularly, such as weekly and then just keeping their investing into BTC going... and even though there are no guarantees, they can hopefully learn as they go too and figure out how to tailor their BTC approach to their own particular circumstances.

Cryptocurrency or Bitcoin is for me the last resort for an average man to achieve financial freedom not unless he/she is lucky enough to win a lottery jackpot. An average man without a degree and skills may opt and take part into this industry with only the basic knowledge on it as a weapon to explore and take advantage of the opportunities given to us by Bitcoin.

Don't be fucking around with crypto, or lotteries or gambling.. just figure out a bitcoin strategy and build your bitcoin portfolio for 4-10 years or longer.. so stop your nonsense by suggesting "crypto".. start with bitcoin first, and then figure out later if you want to get involved in shitcoins, but you should develop a bitcoin strategy first.

Cryptocurrency or Bitcoin is for me the last resort for an average man to achieve financial freedom not unless he/she is lucky enough to win a lottery jackpot. An average man without a degree and skills may opt and take part into this industry with only the basic knowledge on it as a weapon to explore and take advantage of the opportunities given to us by Bitcoin.

It seems like you're telling people to invest in bitcoin and cryptocurrencies by luck instead of taking the time to seriously research and learn about them? It's like buying a lottery ticket and have you ever won? I find that this type of investment mindset is worse than gambling. How can we change our lives with this type of investing mindset?

Many people in my country are not fully educated, do not have degrees and do not need bitcoin but they keep trying and trying. And currently, they are quite rich thanks to business. How do you explain this when you say that bitcoin is the last resort to get rich for the average person?

Start with bitcoin. Don't be fucking around with shitcoins.  Start with bitcoin first, with whatever extra cash that you can set aside, and then as you get started and study bitcoin you can decide the extent to tailor your investment into bitcoin as compared with other trade offs that you might have including if you have an income that comes from employment or if you have needs to invest into a business in order to generate income, which could end up taking away from some of a guy's ability to invest into bitcoin.  Each person has to balance these kinds of matters, but everyone should get started with bitcoin, and don't be thinking about shitcoins or trying to consider shitcoins as the same thing (or a similar thing), when they are not.

Patience can only be exercised if the person who is holding has other means to finance his daily expenses. But for a regular person relying from what he has to survive, I don't think he will be patient enough to hold especially if he sees his assets are getting a lil bit of profit. He won't wait longer to sell off his coins.

Bitcoin is a long-term investment and we can only make a profit if we can afford to hold it for the long term. And if you can't afford to keep it long term or you don't have another source of income, and you only rely on bitcoin to help you survive. Ideally, you should not invest in bitcoin.

Bitcoin is not a get-rich-quick tool, nor is it an investment that gives you daily passive income. It is a highly profitable investment and the higher the profit, the higher the risk, let's not be so naive that we can get rich quickly through bitcoin investment.

Very few of those that learn about bitcoin for the first time, consider the idea of investing on bitcoin for the long term, they have heard the stories of people like themselves making a fortune in a short amount of time, and they want the same to happen to them, and even if those stories are true to some extent, what they fail to consider is that for this to happen everything needed to happen on the perfect time for those people, while the average investor has to make do with DCA and other similar low risk strategies.

To put it bluntly, bitcoin can also be considered a get rich faster investment than other investments because if someone is patient enough to hold it for a few years (at least 4 years) then they can earn significant profit. Meanwhile, investments like gold or real estate take more time. But thinking that it can help us get rich overnight or in just a few months is completely wrong and many people have this thought in mind. 

In addition, this is also the reason why I do not like spreading get-rich-quick stories by investing in bitcoin. These stories never motivate people to invest seriously, instead they only have dreams and illusions of getting rich quickly and then pay a heavy price.

A better way to explain bitcoin is to suggest that it is a way to preserve your value.  Sure it is not guaranteed, but if you take a measured approach and continue to put money into bitcoin over 4-10 years or longer, there are decently good chances that your wealth is going to end up being preserved better by having had put it into bitcoin rather than in other places, even though in the short-term you might feel long periods in which you are losing value, but the way that bitcoin is designed it is quite likely to have good chances of continuing to increase in value... and you can also learn about it as you go, including learning how to hold your bitcoin in private ways (private wallets - and to secure them for yourself or for your heirs).

If only the common man would have to be patient, then a guarantee of life long success can be attainable.

It is impossible for a hungry man to have patience to invest in bitcoin. The common man strive each day just to put food on his table. All what the common man thinks everyday is how to fight hunger. A common man does not think of how he can build a house or buy a car, but the mindset of the common man is how he will be able to eat. The main challenge of the common is hunger, and if he thinks of an investment like bitcoin and willing to invest he will not be able to invest because it is not easy for him to raise money to survive everyday.

It is easy to invest in bitcoin when one has a steady source of income but when their is no steady flow income it is impossible to invest in bitcoin then you starve yourself from eating.  

It is always advisable for people to have a steady source of income to depend on before investing in Bitcoin. When there is no steady source of income and you choose to invest in bitcoin will always tamper with bitcoin you have as investment.

Yep.. You can ONLY invest into bitcoin (or any other investment) with extra money that you have.  You cannot invest with money that you are going to need in the next 4-10 years or longer.  So if you are real poor, then you might ONLY be able to invest $10 per week into bitcoin, rather than $100 per week, and if you cannot afford $10 per week, then you are not going tyo directly be able to benefit from bitcoin, and perhaps you would just indirectly benefit from bitcoin causing more fairness in the money, even though you personally don't have any discretionary income.  You have to have discretionary income to invest otherwise you are gambling rather than investing, and it is not good to gamble with money that you need for your expenses.

But with all the challenges faced by the average man, many have given up hope in this light(Bitcoin) .
Patience is one key factor to acquiring success through Bitcoin .

If only the common man would have to be patient, then a guarantee of life long success can be attainable.

There is nothing like been a patience person with Bitcoin, I still respect people that hold Bitcoin 10 years back and has not sold any of their back up till now, it shows a sign of dedication, commitment, discipline and long-term growth, if it was me that hold Bitcoin since all this time. I would have probably sold too and if I have the opportunity again, I will buy back when things are red in the market.

I was watching one interview about how a guy said he regret one thing he has done when he first did his first show in 2014 and the interviewer asked him what is that and he said back in 2014, he was paid 15BTC for his show but he decline and said he prefer to be paid in euro, he was angry that had it been knew back back then, he would have accepted and hold it and the interviewer told him that he might have even sold them considering that we have had many bull run and he replied that he is a patient type of person, he didn't just know about Bitcoin then. He would have had a fortune today atleast in my local currency.

That is one of the advantages that we have right now.  We know about bitcoin, so we can invest into it and build our stash., and yeah, maybe in 10 years we might be able to accumulate 1 or 2 bitcoin, or maybe we will only be able to accumulate 0.1 to 0.4 BTC.. and maybe that will still be a lot of bitcoin in 10 years.  We should attempt to do our best, since we cannot know for sure how much bitcoin is going to be worth in 10 years from now.. or even later.  There are a lot of people who invest 30-40 years of their lives, and with traditional systems, they might never get anywhere with their investment.  It seems that even though bitcoin is not guaranteed, it seems to be a good place to put extra value as long as you are able to figure out ways to protect that value accumulation.

[btc78]

bitcoin is not and will never be an investment. An investment is something that you hope will increase in value, there is no way to guarantee that with bitcoin...

It quite literally is.

You are correct that Bitcoin is a utility and people recognized it to be a valuable asset so they started owning it and more and more people saw its potential so now the demand of it hikes up therefore making it an investment because as you own one you are hoping that more demand kicks in so that you can sell it for profit

[Y3shot]

The common man fail to become successful with bitcoin investment because they continue listen to the media, believing influencers or top figures who knows nothing about bitcoin investment.

bitcoin is not and will never be an investment. An investment is something that you hope will increase in value, there is no way to guarantee that with bitcoin... if someone treats bitcoin as some kind of stake in a company that generates wealth and consumer goods, bitcoin will be a disappointment.

Please don't say what will confuse people.  What is your definition of investment?
Bitcoin can also be considered to be an investment because when you put money into bitcoin you are expecting to gained good profit from the capital you put in bitcoin. Anything you put in money to get profit after sometime is an investment.  Bitcoin is considered to be a digital investment. When people are not willing to make physical investment,  bitcoin is one of the digital investment that you can think of. Bitcoin is a longterm investment people can always look up to for profit by hodling.

[Ale88]

You've said the word for most common man that needs to be applied and that is being "patient". Without this, one cannot achieve being great in Bitcoin because it's one of the most needed character as an investor or holder need to have. You need to be the most patient guy because as we all know, this is a roller coaster ride and today might be bumpy and tomorrow might be bumpier that you haven't expected to come. So, that's why you need to have this character as you invest and you'll learn this for every investment that you're going to get in. As for the people that have invested a lot on Bitcoin and even earlier, they're one of the most patient guys that have believed and trusted it. That's why you and me will certainly change our lives forever with it if you're truly believing to what Bitcoin can do to our lives because it's not just an asset that you'll have to hold but the value of it will increase more because of the adoption that's happening on it and with all of the fundamentals that we're seeing that surrounds it.

If you must succeed in bitcoin investment you must element of patience, this is the character that can make it possible for one to achieve greatly in hodling Bitcoin. The reason why some people find it difficult to hodl bitcoin is because of greed and desperation of making money so quick from bitcoin. No successful hodling without exercising patience.  I know sometimes it is not easy to do this because of some challenges that one might be going through but hodling is still necessary,  if you look on to the present challenges you may never hodl bitcoin. 

Patience is just all we need to stick in hodling Bitcoin and doing so one will definitely get that good profit dreaming of getting. With no patience their is no profit in bitcoin.

Being patient is a necessary condition not only in Bitcoin but in all investments. Achieving excellence in investing is difficult and in some cases impossible, but being patient can lead to a high-return outcome. The urge to win quickly leads people to make mistakes. You are right about this. Being patient by acting within a certain plan is one of the characteristics required to achieve goals.

We all want to reach our goals immediately, but the market has a structure, acting within this structure and being patient will benefit us in reaching our goals.

Impatience is the main reason people lose money in the investments they make. I think we all know Warren Buffett's famous quote "The stock market is a device for transferring money from the impatient to the patient", it applies to everything, not only to the stock market, it's for any investment. Even if you open a restaurant you can't expect it to be full all the time few days after the opening, it takes time to build a reputation. Unfortunately because of the influencers many people think they can become rich in a few weeks.

[Smilevictorobinna]

Very true as a common man all we need is patience in other to grow.
Investing on Bitcoin is one of the best investment in the world right now and Bitcoin investment needs endurance in other to gain profit.
The best thing to do when investing on Bitcoin is to invest and forget about it because it needs time, when you invest on Bitcoin and then put your hope in wanting to gain profit quick it will cause you depression, invest on Bitcoin and give it time, give it more time and you will be proud you were patient.