Don't just start BTC investment because of what you heard do your own findings.

[SuperBitMan]

Some set of people when they here how much someone has gotten from Bitcoin or has made from Bitcoin investment they just want to start thinking they can just go into it and make same amount of money they saw or heard someone made, if you hear something about someone making huge amount of money from Bitcoin investment you need to ask questions and do some research before going into Bitcoin investment because some set of people thinks Bitcoin investment is a Ponzi scheme where you can just start making money so easy.
I know some set of people who created a wallet and started accumulating Bitcoin when they later discovered they need to hold for long period of time they became disappointed and stopped.
So before going into Bitcoin investment try to know about it and how it works don't just start because you heard about someone's testimony.

If you are talking about the huge amount of money one can make through bitcoin investment please also talk about the sacrifices one has to make so you won't mislead people who don't have knowledge about Bitcoin investment, because accumulating and holding for some years is a sacrifice one has to make in other to succeed in Bitcoin investment.

[MusaMohamed]

I know some set of people who created a wallet and started accumulating Bitcoin when they later discovered they need to hold for long period of time they became disappointed and stopped.

If they created their non custodial wallets for Bitcoin accumulation and storage, it's good enough.

Because they already did good first importance practice, be their own banks and did not store their bitcoin on online platforms where they never have private keys of their bitcoins.
Reminder: do not keep your money in online accounts

Your example means they began their bitcoin accumulation around Euphoria phase and stucked in a bear market, because if they enter the market luckily enough, they can get profit and take it during a bull market.

Psychology of market cycle. Newbies in this market will have to read this one and absorb it as most as they can because it is vital for their investment.

Understand about market history too.
The history of Bitcoin bull runs and crypto market cycles.
Here’s How Long the Bitcoin Bull Market Could Last if History Repeats Itself

[Davidvictorson]

If you are talking about the huge amount of money one can make through bitcoin investment please also talk about the sacrifices one has to make so you won't mislead people who don't have knowledge about Bitcoin investment, because accumulating and holding for some years is a sacrifice one has to make in other to succeed in Bitcoin investment.

Looking for where to start to learn on your own about Bitcoin? Here is my most recommended advice to newbies on where to start.  I'll share mk4 compilation for those need to start from somewhere. It has helped me immensely and I hope it does so for you too. Here it is below.

Also, if you're new to bitcoin as well:

* If you like reading articles: https://coindesk.com/learn  -  Mine( https://cointelegraph.com/, https://bitcoinmagazine.com/)
* If you like reading books: https://theinternetofmoney.info/
* If you like watching videos: https://www.youtube.com/playlist?list=PLPQwGV1aLnTuN6kdNWlElfr2tzigB9Nnj

Security related:
* https://chainsec.io
* https://www.lopp.net/bitcoin-information/security.html

If you want to get more technical
* https://github.com/bitcoinbook/bitcoinbook#chapters

https://bitcointalk.org/index.php?topic=5497602.msg64121922#msg64121922

[Die_empty]

If you are talking about the huge amount of money one can make through bitcoin investment please also talk about the sacrifices one has to make so you won't mislead people who don't have knowledge about Bitcoin investment, because accumulating and holding for some years is a sacrifice one has to make in other to succeed in Bitcoin investment.

This advice is not just valid in Bitcoin investment, all businesses need to be studied before investing. All businesses have intricacies and risk, therefore it is important to do an in depth studies to avoid mistakes. Those who want to make instant money from crypto industry should not consider investing in Bitcoin because they will be disappointed. Maybe they should consider ponzi scheme or buying pump and dump coins. And I hope they know the consequence of such highly risky investment.

[GreatArkansas]

(....)
If you are talking about the huge amount of money one can make through bitcoin investment please also talk about the sacrifices one has to make so you won't mislead people who don't have knowledge about Bitcoin investment, because accumulating and holding for some years is a sacrifice one has to make in other to succeed in Bitcoin investment.

I am also concerned about these kinds of people and how they are able to put money into 1 thing that they don't know like they are easily convinced by what they see on the internet - the social media effect, a lot of people are these. That's why sometimes I say to my mind when I can see people like this "Social media effect".

I really admire the famous quote "Don't invest in the things you don't know". Because a lot of people now are only driven or lured by other people without validating or learning also from by theirself.

[Jawhead999]

Exactly, investing in Bitcoin doesn't enough to change life.

DCA-ing Bitcoin only double your money after 4 years, if you earn $20,000 now your money worth $40,000, it's a good amount rather than leave our money in banks or invest guaranteed profit asset, but still it's not rich.

Only OGs, traders, millionaires/billionaires make a lot of money in Bitcoin.

[notocactus]

I am also concerned about these kinds of people and how they are able to put money into 1 thing that they don't know like they are easily convinced by what they see on the internet - the social media effect, a lot of people are these. That's why sometimes I say to my mind when I can see people like this "Social media effect".

Many people are like this, they are greedy enough to start their journeys but on another side, they are lazy enough to skip all necessary basic learnings about thing they are interested in for investment.

They can simply step in, make their buyins and let it go like how destiny is freely to decide their investment or bet result. Alternatively they can ask someone like their relatives, friends to invest on behalf of them. I was contacted by some people like this, and years ago I helped them but shortly after a few months, I was bored because they are very annoying. By lacking knowledge, no true own experience in this volatile market, they only knocked my door when they want to take profit, were panic with corrections. It's first reason, and another reason I don't like is: I no longer want to take risk by storing bitcoin for them. If by any reason, I lost their bitcoins, I am fully responsible for it. It's very big risk!

They want profit, easy life, but they put all risks on me. It's unfair and I no longer accept such request from anyone.

[Lucius]

Exactly, investing in Bitcoin doesn't enough to change life.

DCA-ing Bitcoin only double your money after 4 years, if you earn $20,000 now your money worth $40,000, it's a good amount rather than leave our money in banks or invest guaranteed profit asset, but still it's not rich.

Only OGs, traders, millionaires/billionaires make a lot of money in Bitcoin.

Is it even possible to define what "a lot of money" is?

For someone living in a country where they can earn less than $100 a month, even $10 000 is a small fortune that can change their life - for someone living in Japan, the UK or one of the richer EU countries, that money is no life changer.

Furthermore, not all early investors in BTC are rich, because in addition to those who lost access to their wallets, there are also those who sold a lot before it could bring them any significant wealth. As for traders, research shows that only about 5% of them are in profit, and the question is how many of them can actually say that they earn a lot of money, and how many just stay above zero.

Bitcoin is much more than a tool for generating profit, but that has clearly become something that very few people will agree on.

[moneystery]

before starting to invest your money in bitcoin it is necessary to do research on important things in bitcoin investment, such as how to buy it, what are the risks, and various other things. just hearing stories about people who get a lot of money from bitcoin investment and jumping straight in without doing research and without knowing the risks, it's the same as risking your money, because you only base it on the belief that you can get money from it, but when the market moves not according to expectations then you will make reckless decisions and make you sell without considering more deeply. understand the risks first and do research, then decide to enter and invest in the long term.

[adultcrypto]

It is important we filter what we hear from others so we are not overly excited to the extent of making irrational decisions. I have noticed that people tend to hype information about bitcoin especially when trying to convince another to invest in bitcoin. This is where many people develop greed and the mindset of quick profits and end up running into problems. Anyone introducing bitcoin to anyone should endeavour to encourage them to think long term because that is the only way huge and peaceful profits can be achieved.

[BIT-BENDER]

Some set of people when they here how much someone has gotten from Bitcoin or has made from Bitcoin investment they just want to start thinking they can just go into it and make same amount of money they saw or heard someone made,

That is called FOMO (Fear of missing out) ever wondered why Bitcoin gets high adoption when ever there is a bull run. It is so funny to me that people discuss/interested in Bitcoin more during a bull market and are uninterested when there is a bearish market, when rightfully it's best to get in during the bear Market.
My personal experience teaching people about has been a bit bitter because they are always interested on if Bitcoin guarantees them gains, they don't care how it works or any other thing. I think we are having more people that are only interested in profit getting into Bitcoin.

[Shadiq]

It is common sense to do research before investing. Not only Bitcoin, but in any market you invest in, you need to do research and gain proper knowledge about the market before you start investing. If you are an avid investor, it is normal for you to get stuck in a bear market and be disappointed, unless you are lucky enough to make the right decision without knowing it.

Bitcoin investment is not an investment that will turn you from poor to rich. Bitcoin will give you the same profit as a bank, maybe a little higher, but it will offer more advantages than a bank in terms of security and privacy. If you are entering Bitcoin with the aim of getting rich quickly, then you are in the wrong place. You may benefit more from Bitcoin in the long run if you can survive in Bitcoin for a long time.

[tabas]

It all lies down as investor whether new or not that we need to know what we are investing, and where we are putting our money. It's simple as that but I understand that the situation that has examples of OP is truly happening in real life. People invests because they're emotional and when they've heard success stories, they are quick to get into the same boat without having the need to understand what they are investing and that's wrong in all angles. That's no matter how long an investor will take time for researching for the assets they are going to entrust their money, it is going to be worth it as long as the effort is exerted and the research has been conducted.

[Issa56]

Some set of people when they here how much someone has gotten from Bitcoin or has made from Bitcoin investment they just want to start thinking they can just go into it and make same amount of money they saw or heard someone made, if you hear something about someone making huge amount of money from Bitcoin investment you need to ask questions and do some research before going into Bitcoin investment because some set of people thinks Bitcoin investment is a Ponzi scheme where you can just start making money so easy.

Most people joining the crypto space now are joining just because they hear that people are making money from bitcoin investment, or they see it on social media that people are making money, and they also decide to jump into it without making proper research before they put money in bitcoin. That’s why, at the end, most of them do end up losing money, some will end up being scammed, just because they lack proper knowledge before investing.

When you hear that people are making money from bitcoin investment, what we should do is take our time to learn about that we are planning to put money into, don’t rush because you see people making money through bitcoin investment. Some people think bitcoin investment is a get rich quick scheme, some people don’t even know they can lose money when they invest in bitcoin.

[Zoomic]

This information is not new. Honestly, no one should act ignorant, or blame their failure on Bitcoin or the person that introduced them to Bitcoin investment when, in reality, they themselves are the problem. Everyone knows that before investing their money in anything, not just Bitcoin, they must first make inquiries and conduct their own research to ensure that what they are investing in is genuine and to know also the risks involved. Any investor who gets carried away by all the good things people say without conducting their own research has only themselves to blame if things go wrong. Imagine falling into the hands of scammers simply because of your own carelessness and greed...

[Egii Nna]

If you are talking about the huge amount of money one can make through bitcoin investment please also talk about the sacrifices one has to make so you won't mislead people who don't have knowledge about Bitcoin investment, because accumulating and holding for some years is a sacrifice one has to make in other to succeed in Bitcoin investment.

You have a very nice point because accumulating and holding bitcoin not only deals with sacrifice but also with patience, commitment, and consistency. Without these 4 components, you will never be able to accumulate enough bitcoin and hold it for a long time, which is the mistake that lots of people are doing, and in the end, they will feel like they are just losing instead of gaining because most of the people that just jump into bitcoin investment without knowledge tend to sell all that they have already accumulated on a loss because they have that fear that when the dump comes, bitcoin will not rise again.

That is why in anything in this life you need knowledge, which of you have undergone enough research as a newbie in bitcoin investment; it will not be hard for you to know about all that, but due to higher curiosity, you tend to bypass research and invest directly; that is the most mistake people make in bitcoin.

[Saint-loup]

I agree Bitcoin should always be considered as a risky investment into a highly volatile asset, easy to steal and to scam. So people should always only invest into it what they can afford to lose. On top of that, it's never a good idea to start investing into an asset when it's price is already at it's all time high. It's better to wait a bit for it's next dip, instead of getting driven by FOMO and hype

[AmaGold70]

Some set of people when they here how much someone has gotten from Bitcoin or has made from Bitcoin investment they just want to start thinking they can just go into it and make same amount of money they saw or heard someone made, if you hear something about someone making huge amount of money from Bitcoin investment you need to ask questions and do some research before going into Bitcoin investment because some set of people thinks Bitcoin investment is a Ponzi scheme where you can just start making money so easy.
I know some set of people who created a wallet and started accumulating Bitcoin when they later discovered they need to hold for long period of time they became disappointed and stopped.
So before going into Bitcoin investment try to know about it and how it works don't just start because you heard about someone's testimony.

If you are talking about the huge amount of money one can make through bitcoin investment please also talk about the sacrifices one has to make so you won't mislead people who don't have knowledge about Bitcoin investment, because accumulating and holding for some years is a sacrifice one has to make in other to succeed in Bitcoin investment.

When it comes to telling someone about Bitcoin investment I try as much as possible to separate the hype from its reality, I've seen too many people rush into Bitcoin investment without doing the due diligence, no proper understanding or research  and at the end they end up being disappointed or losing money. When talking about Bitcoin investment to newbies I never forget to talk about the realistic expectations so for them not to fall for any get rich quick schemes, Bitcoin is a long term game that requires patience and most importantly a solid understanding of the game.

[Rockstarguy]

If you are talking about the huge amount of money one can make through bitcoin investment please also talk about the sacrifices one has to make so you won't mislead people who don't have knowledge about Bitcoin investment, because accumulating and holding for some years is a sacrifice one has to make in other to succeed in Bitcoin investment.

This advice is not just valid in Bitcoin investment, all businesses need to be studied before investing. All businesses have intricacies and risk, therefore it is important to do an in depth studies to avoid mistakes. Those who want to make instant money from crypto industry should not consider investing in Bitcoin because they will be disappointed. Maybe they should consider ponzi scheme or buying pump and dump coins. And I hope they know the consequence of such highly risky investment.

i have come across some people who dont really know about bitcoin to be a coin that is volatile, they just think buying bitcoin they will start making good profit from it. some people are just okay with the imagination they have towards bitcoin which they dont even have any interest to make research to get a better knowledge of it. people always have challenge with their bitcoin investment because they feel their is no need to know about it but when people choose to invest without any plans of understanding it always challenging to yield profit from the investment.

starting an investment with the hope of making profit from it without having a good understanding of what it is will always end in regret ande lose, the first step of making a successful investment is to first of all get understanding about the investment .

[Dailyscript]

It is important we filter what we hear from others so we are not overly excited to the extent of making irrational decisions. I have noticed that people tend to hype information about bitcoin especially when trying to convince another to invest in bitcoin. This is where many people develop greed and the mindset of quick profits and end up running into problems. Anyone introducing bitcoin to anyone should endeavour to encourage them to think long term because that is the only way huge and peaceful profits can be achieved.

It does not necessary mean they should invest in Bitcoin after hearing the hype on it. It will be foolish to just invest in anything even aside Bitcoin without making your own research before getting the conviction to invest. As for me i will never go to tell someone to invest in Bitcoin unless they come to me. And if they come to me i will always tell them the truth about investment. They can go short term or long term depending on what they want but i will tell them the importance of long term over short term.