Bitcoin investment doesn't guarantee you richness

[TheUltraElite]

Transparency is essential when sharing information  especially when it involves in financial decisions providing only the positive  aspect can be sometimes misleading and may lead to unrealistic expectations, been transparent and providing all necessary information can lead to building trust, promotion of information decisions making and maintaining an good reputation.

Bitcoin users should be transparent when it comes to the expectations of the person in front of them willing to make a move on bitcoin. This may not always end up in a positive note but being neutral and sharing their proper experience is how we can improve the acceptance and use of bitcoin.

People often have unrealistic claims on bitcoin much blame on that is from the speculative market of bitcoin. One needs to be explained about the unregulated market here and that USD price of bitcoin has little to do with its actual value.

[xSkylarx]

Bitcoin investments don’t assure wealth. Its value is highly volatile, shaped by market trends and regulations, and comes with risks, including the chance of losing money. Wise investing requires thorough research, diversification, and using only funds you can afford to lose. Wealth-building requires thoughtful planning.

[Dave1]

Bitcoin investments don’t assure wealth. Its value is highly volatile, shaped by market trends and regulations, and comes with risks, including the chance of losing money. Wise investing requires thorough research, diversification, and using only funds you can afford to lose. Wealth-building requires thoughtful planning.

That's why it needs to be a long term investment if you are going to put your money in Bitcoin. It means not just planning, but it requires some mental toughness too in your part to buy every week at least for one whole cycle.

And not just in Bitcoin though, but in any other investment as well. We need to see the bigger picture before we can built our wealth not just for us, but for the next generation. So the question is that can you have that mentality to stay at least one full cycle here to realized that profit?

[fikrett]

Bitcoin investments don’t assure wealth. Its value is highly volatile, shaped by market trends and regulations, and comes with risks, including the chance of losing money. Wise investing requires thorough research, diversification, and using only funds you can afford to lose. Wealth-building requires thoughtful planning.

If you hodl long enough - it's almost guaranteed for you to built success.

[Outhue]

I still don't understand why there are still some people who thinks that investing in Bitcoin or crypto could turn their life instantly, that it could make them rich overnight.
They need to know how it works, understand it before investing or else they might just end up losing instead of gaining profit from their investment.

This is the reason why many beginners choose meme coins as their first experience with crypto just because someone close to them made a lot with Trump coin or other meme coins, they leave Bitcoin and start buying every new meme coins that hit the market, I know like two people that did this and today they hardly make any good money.

Newbies need to be even more careful with the information they choose to digest and act on, it can be very misleading, they always want to get there faster and holding Bitcoin feels like a long time investment, they surely can't even wait that long.

I helped someone to buy their first Bitcoin last year, she came back and ask me how to sell, so I show her who to use Binance Exchange, my gut tells me that she is already selling the Bitcoin but it is none of my business, most newbies don't have what it takes to hold Bitcoin for long term.

[fikrett]

I still don't understand why there are still some people who thinks that investing in Bitcoin or crypto could turn their life instantly, that it could make them rich overnight.
They need to know how it works, understand it before investing or else they might just end up losing instead of gaining profit from their investment.

This is the reason why many beginners choose meme coins as their first experience with crypto just because someone close to them made a lot with Trump coin or other meme coins, they leave Bitcoin and start buying every new meme coins that hit the market, I know like two people that did this and today they hardly make any good money.

Newbies need to be even more careful with the information they choose to digest and act on, it can be very misleading, they always want to get there faster and holding Bitcoin feels like a long time investment, they surely can't even wait that long.

I helped someone to buy their first Bitcoin last year, she came back and ask me how to sell, so I show her who to use Binance Exchange, my gut tells me that she is already selling the Bitcoin but it is none of my business, most newbies don't have what it takes to hold Bitcoin for long term.

it's good that you helped her to start out on her journey.

And I agree on your take - mistakes made afterward will only help a person to adapt eventually and see why to X is better than Y.

BTC should be hodled appropriately to appreciate its value.

[Zlantann]

I helped someone to buy their first Bitcoin last year, she came back and ask me how to sell, so I show her who to use Binance Exchange, my gut tells me that she is already selling the Bitcoin but it is none of my business, most newbies don't have what it takes to hold Bitcoin for long term.

Last year's telegram crypto hype came with some bad experiences for most people. Many of those memecoins were a total waste of time because people lost so much money. Scammers used that opportunity to scam many people. It is better to introduce newbies to only Bitcoin because it is reliable and easy to understand. Investing in altcoins is very complicated and filled with fake projects.   

If you hodl long enough - it's almost guaranteed for you to built success.

Historically, it has been proven that hodling Bitcoin for four years or above guarantees profit. The problem most people have is that they are impatient because they want to invest today and get profit in a few days or months.

[Muba20]

Do not tell people who has not invested on Bitcoin only the positive side of Bitcoin investment, also give them or tell them the more of the negative of Bitcoin, let them know that price of Bitcoin is not constant it always fluctuating, so that they will not having such mind of becoming rich they have invested in Bitcoin with a short time.

I think that since Bitcoin is considered an asset and has a high potential to grow in the long run, it is not a bad idea to tell someone around us about Bitcoin. Many people will know about Bitcoin and they will be interested in investing. That is why it is better to tell them in advance. There is no way to say that everyone will accept Bitcoin investment positively. There are many who will understand the opposite and will comment negatively on it. That is why if you give someone else an idea about Bitcoin, you must give a good idea of ​​its positive and negative aspects. There are many who only prioritize the positive aspects. Later, when they lose, they will blame you. Moreover, there is no guarantee that an investor will become rich by investing in Bitcoin. Those who invest only to get rich will definitely have a higher chance of losing.

[AirtelBuzz]

I think that since Bitcoin is considered an asset and has a high potential to grow in the long run, it is not a bad idea to tell someone around us about Bitcoin.

It's never a bad idea to spread everyone's acquired knowledge about Bitcoin but we also need to let them know that Bitcoin will never make anyone rich very quickly. When it comes to Bitcoin, many around us will probably jump in to invest in it and become a part of its high potential. You also need to discuss the risks and potential losses with those you want to teach about Bitcoin. Moreover, we often see that if an investor can hold on to their investment for at least one cycle, there is a chance of profit. But many people cannot endure this time, which is why not everyone can reach the peak of success even if they start investing in Bitcoin. So I think Bitcoin should definitely be researched thoroughly.

[GiftedMAN]

I think that since Bitcoin is considered an asset and has a high potential to grow in the long run, it is not a bad idea to tell someone around us about Bitcoin.

It's never a bad idea to spread everyone's acquired knowledge about Bitcoin but we also need to let them know that Bitcoin will never make anyone rich very quickly. When it comes to Bitcoin, many around us will probably jump in to invest in it and become a part of its high potential. You also need to discuss the risks and potential losses with those you want to teach about Bitcoin. Moreover, we often see that if an investor can hold on to their investment for at least one cycle, there is a chance of profit. But many people cannot endure this time, which is why not everyone can reach the peak of success even if they start investing in Bitcoin. So I think Bitcoin should definitely be researched thoroughly.

Telling people about Bitcoin investment is not bad and telling them to invest when they have made up their mind is good but do not advise anyone to begin investing in Bitcoin because they want something that can give them quick returns do not advise with person to start investing in Bitcoin because they will buy at high rate and sell below the about they bought because they will be disappointed when the price is not going up. Making more profit in Bitcoin investment requires time and holding Bitcoin seems to be the best way to make profit in Bitcoin investment I don't think a newbie or someone who is used to Ponzi scheme will what to risk investing in Bitcoin when they can't double their money overnight.
For someone who is sharing the knowledge to someone else, you should be able to educate them and part of your teaching should be on having patience and investing the amount that won't stress them.

[Koadharber]

I think that since Bitcoin is considered an asset and has a high potential to grow in the long run, it is not a bad idea to tell someone around us about Bitcoin.

It's never a bad idea to spread everyone's acquired knowledge about Bitcoin but we also need to let them know that Bitcoin will never make anyone rich very quickly. When it comes to Bitcoin, many around us will probably jump in to invest in it and become a part of its high potential. You also need to discuss the risks and potential losses with those you want to teach about Bitcoin. Moreover, we often see that if an investor can hold on to their investment for at least one cycle, there is a chance of profit. But many people cannot endure this time, which is why not everyone can reach the peak of success even if they start investing in Bitcoin. So I think Bitcoin should definitely be researched thoroughly.

This is something that you should be telling them and its an important thing. Dont make them that too being positive about Bitcoin investment without telling them about the potential risks. We do know that on the moment that you've been explaining it to them about the risks factors on which it is really that important and this is something that ideal too because people do really love on blaming out someone whenever they do experience tough situations or conditions or simply losing up money. This is why its really that important that you do really know on how to make up some good recommendations on which both explains the cons and the pros when it comes to investment.

Bitcoin investment doesnt really guarantee richness and just like been said that it will really be depending or basing up into the amount on which are really that being used up. So it will really be basing up on the potential earning that you can get into the amount that you have invested. If you are putting up small one then expect returns arent that great and this is something you should understand and realize at least.

[Dunamisx]

Summary Do not tell people who has not invested on Bitcoin only the positive side of Bitcoin investment, also give them or tell them the more of the negative of Bitcoin, let them know that price of Bitcoin is not constant it always fluctuating, so that they will not having such mind of becoming rich they have invested in Bitcoin with a short time.

We should be very sensitive to investments that are going to have only the sweet sides and we are not been informed on the negative side of it, such may be to entice or lure us into investing in them, we have to be careful at such, everything in life has it own risk, we should not let them brainwash us that there is no losses, it occurs anywhere, we can only prevent such from happening if we were early informed about it, we should not also be to fast in making an investment, nor should we be found greedy in making profits about any investment we were told to do without having more understandings about it, including bitcoin.

[Pandorak]

Offering or inviting others to invest without explaining the risks that will be experienced is a mistake, plus the person does not understand anything about Bitcoin investment, only relying on trust in his friend.

Someone who has no knowledge is like a boat adrift in a vast ocean, uncertain of direction, and eventually sinks in vain. When you have the desire to invest, you should first find out more in order to understand the potential benefits and risks of loss and the possible causes, this is better than just relying on trust.

In the end, instead of gaining profits, they get losses. The expectation of gaining wealth in a short period of time is instantly destroyed and leaves only disappointment.

[ginsan]

Do not tell people who has not invested on Bitcoin only the positive side of Bitcoin investment, also give them or tell them the more of the negative of Bitcoin, let them know that price of Bitcoin is not constant it always fluctuating, so that they will not having such mind of becoming rich they have invested in Bitcoin with a short time.

I think that since Bitcoin is considered an asset and has a high potential to grow in the long run, it is not a bad idea to tell someone around us about Bitcoin. Many people will know about Bitcoin and they will be interested in investing. That is why it is better to tell them in advance. There is no way to say that everyone will accept Bitcoin investment positively. There are many who will understand the opposite and will comment negatively on it. That is why if you give someone else an idea about Bitcoin, you must give a good idea of ​​its positive and negative aspects. There are many who only prioritize the positive aspects. Later, when they lose, they will blame you. Moreover, there is no guarantee that an investor will become rich by investing in Bitcoin. Those who invest only to get rich will definitely have a higher chance of losing.

There is nothing wrong in this but it cannot be denied that when we do that then indirectly we must also be prepared to at least provide more understanding to those we tell because after all sometimes what is difficult to do is to provide an understanding that bitcoin is indeed risky because new people sometimes have too simple a view because they only see the benefits without considering the risks that will be faced.

So that when we will try to recommend bitcoin to others we must understand what bitcoin is and how bitcoin works so as not to end up what we do to introduce bitcoin to outsiders instead it backfires on ourselves because we don't really understand what we tell others. The focus in this case must be on ourselves first whether we already know what bitcoin is or not when we already know how bitcoin works then it doesn't matter when we try to recommend this to others.

[Stable090]

Summary Do not tell people who has not invested on Bitcoin only the positive side of Bitcoin investment, also give them or tell them the more of the negative of Bitcoin, let them know that price of Bitcoin is not constant it always fluctuating, so that they will not having such mind of becoming rich they have invested in Bitcoin with a short time.

Must people do have the wrong mindset before investing in bitcoin, they are always being misled by people that introduce them to bitcoin investment. If you are introducing anyone to any investment, you have to be open about the investment, you have to tell them everything which they are suppose to know, don’t just tell them the positive side, they should also know the negative side.

When some people are introducing people to bitcoin investment, they go to the length of tell people they can never lose money if they invest in bitcoin, or they will be able to increase their money within a short period of time, but things doesn’t work like that, they will never tell people they can lose money when they invest, they won’t tell people about the volatility.

If you tell people the risk involved in it, then it’s left for them to choose if they will be investing in bitcoin or not, you don’t have to force anyone to invest. After introducing anyone to bitcoin, tell them to go carry out more research about bitcoin before they will conclude.

[el kaka22]

If anyone believed they could get rich in a week, with ANY investment, is that really anyone's fault but hers? No matter what you told her, even if you literally told her "you will be rich in a week", then she shouldn't have believed you, it's on her. I could also tell someone "give me a million dollars and I will give you 2 million next week", is it my fault if they actually believe me?

You can be a scammer, but if it is so obvious, then it's sort of their fault. Something smaller is understandable, like if she believed in a year, that would make sense, still wouldn't be wealthy, but understandable. Bitcoin is "the best investment out there", meaning while it may not make you rich in a week, it will make you richer than any other investment.

[Callido]

Summary Do not tell people who has not invested on Bitcoin only the positive side of Bitcoin investment, also give them or tell them the more of the negative of Bitcoin, let them know that price of Bitcoin is not constant it always fluctuating, so that they will not having such mind of becoming rich they have invested in Bitcoin with a short time.

We should be very sensitive to investments that are going to have only the sweet sides and we are not been informed on the negative side of it, such may be to entice or lure us into investing in them, we have to be careful at such, everything in life has it own risk, we should not let them brainwash us that there is no losses, it occurs anywhere, we can only prevent such from happening if we were early informed about it, we should not also be to fast in making an investment, nor should we be found greedy in making profits about any investment we were told to do without having more understandings about it, including bitcoin.

No investment is beyond crash, ups and downs are common when it comes to financial decisions that demand investing and growing profits. Everybody wants to hear the good side of every investment, some neglect the dark side and focus on the benefits they will get, while some may step back after being confronted by how difficult it will be to grow profits due to the number of years required to gain good profits from holding.

Typically, you don't lose in Bitcoin investment only in cases where maximum security is not issued on where we store our Bitcoin or when investors are not ready to hold onto their Bitcoin when the price dips, in a system where investors are equiped with good knowledge about Bitcoin then negative side becomes less visible to the investor.

[Richbased]

They're some misconceptions beginners in cryptocurrency investment especially Bitcoin normally do and also think during investing in bitcoins, especially people that has not invested in cryptocurrency before,  some people think that immediately you venture into bitcoins investment you're rich, but such concept or ideology is not real..

Good you know that beginners and newbies are mostly the people that sees bitcoin as a get rich quick scheme where they will invest and become millionaires over night. It will be a wrong investment mentality for any one to invest and expect their investment to yield many profits within a short period of time. This get rich quick mentality is what makes many people fall for scam ponzi schemes because when they are promised x5 and x10 of their capital, they don't even think about how those people will be able to get the money to pay them and funny enough some persons will tell you that they use the money to invest and then take profits from their investment to settle their customers.

The wrong mentality some people have now is that they think that anyone investing in bitcoin is rich due to the idea that majority of newbies thinks that they can only buy bitcoin when they have the money to buy one whole bitcoin, they don't have the knowledge that they can invest with the little they can and that is the major reason why they feel bitcoin investors are rich since they think that those already investing owns more than one bitcoin.

[red4slash]

People often have unrealistic claims on bitcoin much blame on that is from the speculative market of bitcoin. One needs to be explained about the unregulated market here and that USD price of bitcoin has little to do with its actual value.

The impression that bitcoin is still one of the assets that will make them rich overnight is still a situation that is very difficult to reduce at this time so that in the end there are many wrong assumptions about bitcoin where most, especially fomo and beginners, will still think that bitcoin is an instant thing that in the end something like that never happens.

Many people are still trapped with wrong assumptions so that in the end they also do something wrong even though they are still in the scope of bitcoin which if we are more careful and try to be realistic then something like this will clearly never happen.

Being in bitcoin is good and bitcoin is still very promising for the future it is also still very possible to happen, it's just that we have to know that the risk remains so that we don't have higher expectations so we can't enjoy the risks we will get.

[Maslate]

Transparency is essential when sharing information  especially when it involves in financial decisions providing only the positive  aspect can be sometimes misleading and may lead to unrealistic expectations, been transparent and providing all necessary information can lead to building trust, promotion of information decisions making and maintaining an good reputation.

Bitcoin users should be transparent when it comes to the expectations of the person in front of them willing to make a move on bitcoin. This may not always end up in a positive note but being neutral and sharing their proper experience is how we can improve the acceptance and use of bitcoin.

People often have unrealistic claims on bitcoin much blame on that is from the speculative market of bitcoin. One needs to be explained about the unregulated market here and that USD price of bitcoin has little to do with its actual value.

Money is a very important matter, so anything that involves money, it should be dealt with transparency and honesty of course. If it lacks transparency, that kind of information will never be useful and reliable. Most particularly for bitcoin, where one should be knowledgeable first before trying to risk their funds with bitcoin.

Bitcoin investment will never guarantee wealth, that’s because the risk to lose is even bigger than its potentials to gain, so if one decides to invest in bitcoin, he should be aware first on how to maximize the risk management, otherwise everything will definitely end up like gambling.