Bitcoin investment doesn't guarantee you richness

[GiftedMAN]

Many people think they will get rich quickly by investing in Bitcoin, but the reality is quite different. It goes up and down all the time, and if you enter expecting a quick profit, you may end up disappointed. The best thing to do is to study, understand the risks and invest calmly, because easy comes, easy goes... unfortunately. 

The mind set of people who doesn't understand what bitcoin investment is all about has always been to make quick profit from bitcoin investment, people are not ready to understand what they what to invest in they just want to make profit because some of them still see bitcoin investment like a ponzi scheme kind of investment, apart from studying various good bitcoin investment strategies, it is important investors make personal research before going into bitcoin investment it will help them to be more prepared and knowledgeable on how they should go about their investment it will also make them to invest without expecting a quick profit even as they will be investing with the amount they can afford.

[Oluwa-btc]

It's true and no one can practically question why the systems operates that way.Firstly, Bitcoin is not a get rich quick scheme,it later falls in the category of been an investment whereby investment
are largely risked engagements.The impact of volatility effects in Bitcoin makes it difficult to guarantee extreme wealth for investors.

[JoyMarsha]

The misconception of Bitcoin making people rich has been on for long, it can only be minimize but can't be let go of peoples mouth that misunderstood Bitcoin to be a get rich scheme that they should invest and expect a return of investment within a short range.

However, this narrative has to stop by the action you and I take, by letting people know that Bitcoin doesn't give riches within a short range just as the lady mentioned of in your post thought Bitcoin would be as she has invested.

[Ricardo11]

It's true and no one can practically question why the systems operates that way.Firstly, Bitcoin is not a get rich quick scheme,it later falls in the category of been an investment whereby investment
are largely risked engagements.The impact of volatility effects in Bitcoin makes it difficult to guarantee extreme wealth for investors.

While Bitcoin is valuable in the long term, Bitcoin is extremely volatile in the short term, and most new investors cannot sustain their investments during this volatility. This volatility basically does two things for two types of investors. First, it is an opportunity and possibility to buy more for real investors, and it is the biggest risk for some investors, who are mainly short-term traders.
In the case of Bitcoin investment, a long-term perspective, patience and discipline are very important. Those who come to Bitcoin investment with only a short-term perspective will find it very difficult to profit from this type of investment.

[Rockstarguy]

Many people think they will get rich quickly by investing in Bitcoin, but the reality is quite different. It goes up and down all the time, and if you enter expecting a quick profit, you may end up disappointed. The best thing to do is to study, understand the risks and invest calmly, because easy comes, easy goes... unfortunately. 

The mind set of people who doesn't understand what bitcoin investment is all about has always been to make quick profit from bitcoin investment, people are not ready to understand what they what to invest in they just want to make profit because some of them still see bitcoin investment like a ponzi scheme kind of investment, apart from studying various good bitcoin investment strategies, it is important investors make personal research before going into bitcoin investment it will help them to be more prepared and knowledgeable on how they should go about their investment it will also make them to invest without expecting a quick profit even as they will be investing with the amount they can afford.

Whatever that has to do with value most people are so eager to go into it so far as they can afford it at the beginning without even understanding it, this the mindset of every average beginner. Some beginners after making a mistake like this, it gives the awareness of the importance of having understanding.

It only few beginners who have the understanding of going into what they have no knowledge about to take a proper research as the first step to get things done the right way. Investing in bitcoin needs good understanding and it is the knowledge you have in bitcoin that can determine if one can be able to invest in bitcoin successfully.

[Makus]

It's true and no one can practically question why the systems operates that way.Firstly, Bitcoin is not a get rich quick scheme,it later falls in the category of been an investment whereby investment
are largely risked engagements.The impact of volatility effects in Bitcoin makes it difficult to guarantee extreme wealth for investors.

While Bitcoin is valuable in the long term, Bitcoin is extremely volatile in the short term, and most new investors cannot sustain their investments during this volatility. This volatility basically does two things for two types of investors. First, it is an opportunity and possibility to buy more for real investors, and it is the biggest risk for some investors, who are mainly short-term traders.
In the case of Bitcoin investment, a long-term perspective, patience and discipline are very important. Those who come to Bitcoin investment with only a short-term perspective will find it very difficult to profit from this type of investment.

You're on point, bitcoin has been known for its volatility when viewed from a short term perspective which is like to render short term investors a profitless trade. Trading within this short term volatility is kind of tricky because,  you'll never know the market is headed due to the noisy moves of the market which is caused by the battle between buyers and sellers.  But if you view the price movement of bitcoin on a long term perspective it's easier to see where the market is headed, and that is a bullish movement, that's why it's advised to make long term investment decisions so you don't get to gamble with your coin on small market manipulation.

[LogitechMouse]

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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.

On it, OP. Thanks for the reminder.

But TBH, those people that are only telling the positive side of it are either:
1. They're selling something, and they don't want to tell something negative because that could've affected the trust of those newbies out there to them.
2. They aren't that knowledgeable about Bitcoin and investing in general that they haven't experience it themselves.

As for me, if there's somebody that is asking me about Bitcoin, I always tell the positive side of it first, but I immediately tells the negative side of it like "Bitcoin is volatile, so you can lose your money in a short amount of time if you don't know what you're doing." I always say that any investment is volatile and there's no such thing as stable. I always tell them that if you want to make money, volatility will be the one that will help you make money, but it can make you lose money as well.

In crypto space, there's no such thing as guaranteed (aside from losing if you don't know what you're doing ). I always say that, and it's good that until now, those who're asking me something about Bitcoin isn't coming back to me and blaming me for losing their money. Maybe they're making money already.

[Swordsoffreedom]

It's true and no one can practically question why the systems operates that way.Firstly, Bitcoin is not a get rich quick scheme,it later falls in the category of been an investment whereby investment
are largely risked engagements.The impact of volatility effects in Bitcoin makes it difficult to guarantee extreme wealth for investors.

While Bitcoin is valuable in the long term, Bitcoin is extremely volatile in the short term, and most new investors cannot sustain their investments during this volatility. This volatility basically does two things for two types of investors. First, it is an opportunity and possibility to buy more for real investors, and it is the biggest risk for some investors, who are mainly short-term traders.
In the case of Bitcoin investment, a long-term perspective, patience and discipline are very important. Those who come to Bitcoin investment with only a short-term perspective will find it very difficult to profit from this type of investment.

But one thing to keep in mind is that even if we invest in bitcoin for the long term,  there is no guarantee that we can become rich . We will not become rich by investing $1k or $10k, even if we hold it for 10 years or  20 years . Bitcoin can't increase by millions, thousands of percent and make us millions of dollars with just a few hundred or a few thousand dollars, those golden days are  gone .
What we can expect when investing in bitcoin these days is that it can bring significant returns on our initial capital. We cannot be rich without significant capital and smart  strategies .

[madnessteat]

^

In reality, no one really knows if the golden days are over or not. Bitcoin, unlike stocks, has no limit to its growth. In the past, people could not imagine that the price of Bitcoin would cross the $100K mark, and this happened only 16 years after Bitcoin was created. Some successful people are saying that the price of Bitcoin will cross the $1M mark. It's up to everyone to believe it or not, but it's important to realize that there are risks independent of us that can have a negative impact on the price of Bitcoin. Therefore, invest only money that you will not regret losing.

[GigaBit]

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.

If an investor only considers the positive aspects of Bitcoin investment, then he may end up getting frustrated with the investment. It is not that the investor can profit immediately by investing, but when someone is eager to profit based on their wrong ideas, he may lose. At that moment it will definitely be difficult for him to bear that pressure.

If the investor is given a good idea about the negative aspects rather than sharing the positivity from the beginning, then he will get a good idea about the risks and at the same time he will gain long-term retention power. Bitcoin never guarantees profit, but those who invest patiently will definitely benefit from their investment.

[RockBell]

It's true and no one can practically question why the systems operates that way.Firstly, Bitcoin is not a get rich quick scheme,it later falls in the category of been an investment whereby investment
are largely risked engagements.The impact of volatility effects in Bitcoin makes it difficult to guarantee extreme wealth for investors.

And people that have already invested already know this and new investors are always trying all they can just to see that eventually they might make more money and it depends on the kind of orientation they are getting because when you know how bitcoin works you will not have to place your hopes to high because people are always with the intention of wanting to come and make money fast but they are forgetting that it does not work that way.

But when they start trading themselves, they will know exactly how it is, and even when they hear something, they will know that this information is not certain, and everything depends on how consistent you are, because a lot of people lack consistency. They only want to get involved when they hear there is somewhere you can make money, so there is a lot of difference to make, but we just have to have our own knowledge, and everything becomes easy.

[SuperBitMan]

It's true and no one can practically question why the systems operates that way.Firstly, Bitcoin is not a get rich quick scheme,it later falls in the category of been an investment whereby investment
are largely risked engagements.The impact of volatility effects in Bitcoin makes it difficult to guarantee extreme wealth for investors.

While Bitcoin is valuable in the long term, Bitcoin is extremely volatile in the short term, and most new investors cannot sustain their investments during this volatility. This volatility basically does two things for two types of investors. First, it is an opportunity and possibility to buy more for real investors, and it is the biggest risk for some investors, who are mainly short-term traders.
In the case of Bitcoin investment, a long-term perspective, patience and discipline are very important. Those who come to Bitcoin investment with only a short-term perspective will find it very difficult to profit from this type of investment.

You're on point, bitcoin has been known for its volatility when viewed from a short term perspective which is like to render short term investors a profitless trade. Trading within this short term volatility is kind of tricky because,  you'll never know the market is headed due to the noisy moves of the market which is caused by the battle between buyers and sellers.  But if you view the price movement of bitcoin on a long term perspective it's easier to see where the market is headed, and that is a bullish movement, that's why it's advised to make long term investment decisions so you don't get to gamble with your coin on small market manipulation.

Yeah you are right when it comes to bitcoin investment going for long term Bitcoin investment is less risky than short term investment which is also known as trading, just like you said Bitcoin is volatile and this volatility is it's nature that is how it has been since creation however it's volatility those not stop it from growing but in other to be in a more save side accumulating and holding it for a long term will be more better than trading it.
Bitcoin takes time to grow that is why you need to be patient if you are not patient you can't become an investor you can only become a trader and trading is very risky.
Some people who are into Long term Bitcoin investment are always scared when there's a dip and that's because they don't understand that dip is part of Bitcoin growth and during that dip investors should accumulate more, dip is the best time to Accumulate aggressively because you are buying it cheaper surely Bitcoin will grow after a dip so there's nothing to panic for.

[Royal Cap]

Actually, there is no such thing as a risk-free investment in the world. If you want to do any business, then of course there is risk in it because you yourself do not know whether your business will work or not. Investing in crypto currency is a more risky investment. Here you have to do your market research and then invest. Of course, here you have to invest for the long term, especially in the case of Bitcoin. From your story, it was understood that both are equally guilty. Because it is not right to invest anywhere by listening to someone. We have to check and choose and then invest.

[Crypto Library]

In reality, no one really knows if the golden days are over or not. Bitcoin, unlike stocks, has no limit to its growth. In the past, people could not imagine that the price of Bitcoin would cross the $100K mark, and this happened only 16 years after Bitcoin was created. Some successful people are saying that the price of Bitcoin will cross the $1M mark. It's up to everyone to believe it or not, but it's important to realize that there are risks independent of us that can have a negative impact on the price of Bitcoin. Therefore, invest only money that you will not regret losing.

Actually, those who say that Bitcoin will cross 1 million price are actually right in one way because even if Bitcoin comes, one day it will cross 1 million because the maximum supply of Bitcoin is limited. And currently, the world's population is about 8 billion and twenty-one million Bitcoins have been supplied for these 8 billion people. So it can be said that in the future, we now call Bitcoin as digital gold, I think in the future bitcoin will surpasss the real godl also.
Now let's come to the main point what I want to say, we the people always took the positive site of Bitcoin and we always don't even intend to look or seeking to the negative side of bitcoin. Bitcoin has the volatility market and that is why we don't always see the Bitcoin goes up and up, with has the both down and up market. And we, who are new investors, most of the time invest thinking that the price of Bitcoin may increase in the future, but we do not have any specific strategy, so when the price of Bitcoin drops, we panic and sell our Bitcoin at a loss. So we must  should keep in mind that Bitcoin is not a quick scheme so that you can only invest here without any knowledge and you will be profitable it's not guaranteed.

[Cpt_reader]

Everything in the world is uncertain. If no one can say that I did this, it will be successful. Although there is no guarantee, the possibilities are very high. We can know from the past how the price of Bitcoin was in the past and how it is now and we can also imagine how it will be in the future. From these we can also understand whether Bitcoin can make a person rich or not.

[moneystery]

Yeah you are right when it comes to bitcoin investment going for long term Bitcoin investment is less risky than short term investment which is also known as trading, just like you said Bitcoin is volatile and this volatility is it's nature that is how it has been since creation however it's volatility those not stop it from growing but in other to be in a more save side accumulating and holding it for a long term will be more better than trading it.
....

volatility is the nature of bitcoin and people who want to invest in it must understand that bitcoin has risks and they must be able to manage the risks wisely. they need to understand that long-term investment can give them better results compared to short-term where bitcoin price movements tend to be more difficult for investors to predict. dollar-cost averaging or accumulation approaches in the long term can also be used to minimize this risk.. and it also helps investors to reduce psychological stress due to market noise.

[skarais]

~~~

volatility is the nature of bitcoin and people who want to invest in it must understand that bitcoin has risks and they must be able to manage the risks wisely. they need to understand that long-term investment can give them better results compared to short-term where bitcoin price movements tend to be more difficult for investors to predict. dollar-cost averaging or accumulation approaches in the long term can also be used to minimize this risk.. and it also helps investors to reduce psychological stress due to market noise.

In theory, I think you are right, but I believe many people would have a hard time surviving the wild price volatility. If all investors were truly successful with their investments, then we would probably have all of them rich in this world and some of them also failed for various reasons. Having the right approach to investing is certainly advisable, but I don't think it's as easy as it sound.

I have learned a lot about this investment and really got returns from it so far. One of the most important things in investing is, stay calm and ignore short term price volatility and stay focused on the purpose of why we invest. Regardless of what returns we will get in a certain period of time, it is a satisfactory result in my opinion.

[Z_MBFM]

Yeah you are right when it comes to bitcoin investment going for long term Bitcoin investment is less risky than short term investment which is also known as trading, just like you said Bitcoin is volatile and this volatility is it's nature that is how it has been since creation however it's volatility those not stop it from growing but in other to be in a more save side accumulating and holding it for a long term will be more better than trading it.
....

volatility is the nature of bitcoin and people who want to invest in it must understand that bitcoin has risks and they must be able to manage the risks wisely. they need to understand that long-term investment can give them better results compared to short-term where bitcoin price movements tend to be more difficult for investors to predict. dollar-cost averaging or accumulation approaches in the long term can also be used to minimize this risk.. and it also helps investors to reduce psychological stress due to market noise.

Those who are new to crypto may think that it is possible to get rich very quickly from Bitcoin. But those who know about Bitcoin and have researched the history of Bitcoin never think this. Actually, no one can guarantee when the price of Bitcoin will increase and when it will decrease, but it can be predicted through various analyses. Today, suddenly the price of Bitcoin has started increasing again and hit $91k and looking at its movement, it seems that it will increase further. This is my prediction but I can never guarantee it. So no one can ever say that Bitcoin investment can make someone rich quickly. But it is possible if someone makes long-term investment

[fikrett]

Yeah you are right when it comes to bitcoin investment going for long term Bitcoin investment is less risky than short term investment which is also known as trading, just like you said Bitcoin is volatile and this volatility is it's nature that is how it has been since creation however it's volatility those not stop it from growing but in other to be in a more save side accumulating and holding it for a long term will be more better than trading it.
....

volatility is the nature of bitcoin and people who want to invest in it must understand that bitcoin has risks and they must be able to manage the risks wisely. they need to understand that long-term investment can give them better results compared to short-term where bitcoin price movements tend to be more difficult for investors to predict. dollar-cost averaging or accumulation approaches in the long term can also be used to minimize this risk.. and it also helps investors to reduce psychological stress due to market noise.

It's really simple once you know BTC will bounce off eventually, you just don't need to use leverage and wait it out, whatever it may be.

Then - your patience will be appreciated. If you won't be cautious - yeah, then it's the end of the process for you, that's why investors are cautious and love to see the market doing pumps and dumps on any big coin - to get better entries and better profits with their big sums.

[leonair]

Yeah you are right when it comes to bitcoin investment going for long term Bitcoin investment is less risky than short term investment which is also known as trading, just like you said Bitcoin is volatile and this volatility is it's nature that is how it has been since creation however it's volatility those not stop it from growing but in other to be in a more save side accumulating and holding it for a long term will be more better than trading it.
....

volatility is the nature of bitcoin and people who want to invest in it must understand that bitcoin has risks and they must be able to manage the risks wisely. they need to understand that long-term investment can give them better results compared to short-term where bitcoin price movements tend to be more difficult for investors to predict. dollar-cost averaging or accumulation approaches in the long term can also be used to minimize this risk.. and it also helps investors to reduce psychological stress due to market noise.

Those who are new to crypto may think that it is possible to get rich very quickly from Bitcoin. But those who know about Bitcoin and have researched the history of Bitcoin never think this. Actually, no one can guarantee when the price of Bitcoin will increase and when it will decrease, but it can be predicted through various analyses. Today, suddenly the price of Bitcoin has started increasing again and hit $91k and looking at its movement, it seems that it will increase further. This is my prediction but I can never guarantee it. So no one can ever say that Bitcoin investment can make someone rich quickly. But it is possible if someone makes long-term investment

The words are true and I agree with you. Bitcoin is basically an asset that can be a big financial support for someone's future. One should not easily sell Bitcoin if he has other means to meet his daily expenses. Because as time goes by, Bitcoin will become more and more expensive and then it will become very difficult for a person to buy and save Bitcoin. So there is still time to save Bitcoin. Those who will invest in Bitcoin only for a short time will not get the real benefits of Bitcoin investment. The only ones who get the real benefits of Bitcoin are those who hold it until met their target