Bitcoin investment doesn't guarantee you richness

[Plaguedeath]

I need to understand the context first.

If the woman just suggest the investment by not asking something, I think she's dumb.

But if the woman suggest the investment by asking her to create account under her referral, she has a purpose for it and at least she make money even though she risking his reputation.

Bitcoin doesn't guarantee rich, but the reward is higher than average investment.

[Strongkored]

I am very curious why there are people who when trying to convince someone to invest in Bitcoin only on the positive side, do not tell the whole story.
This way of convincing is like someone involved in an MLM business who only tries to get people to join his business and does not care that the business is difficult to make a profit.
If we have good intentions for people to invest in Bitcoin, then everything about Bitcoin will be conveyed including the very fluctuating market conditions, and properly inform them that this is not an investment that can make us rich quickly.

[BALIK]

Investing in bitcoin will not make us rich, let alone any guarantees. The days when bitcoin could increase by thousands of percent and give x100, x1000 returns are gone. What we will get when we invest in bitcoin these days is that we will have the opportunity to get significant profits compared to other investments. There is no way we can invest $5k or $10k and think that in the long run we will make millions of dollars, those days are gone.

This notion is not only happening to newbies but even to those who are investing in bitcoin, many still believe that bitcoin will reach $1 million in the coming years and will reach $5 million or $10 million in the next 20 years. That won't happen easily because bitcoin's market cap is not small anymore, we should be realistic about that.

Even on our forum I rarely see anyone talking about the risks of investing in bitcoin, most people just focus on promoting its potential and ignore the risks when newbies ask for investment advice.

[jcojci]

She got a wrong information about Bitcoin investment so she doesn't understand why her investment decrease. When we want to explain Bitcoin, we must tell all things about the investment and I agree with @OP because by explaining the details of the investment, someone can think what benefit of Bitcoin for him/her.

Bitcoin investment is not a way to rich in shortly but there is time to wait for the process running. They must understand that and if they want to start Bitcoin investment, they should use the money they can afford. That is the important thing to do so they will not regret if they see the price is down because they know what they need to do.

[Hewlet]

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.

the temptation of attempting to convince someone that is just getting started in his bitcoin investment to believe that all things is well has been the cause of this sort of narrative. someone comes to you and asks that you suggest a good investment they should put their money in since you are a Bitcoin fellow, you tell them BITCOIN, and because you want to prove a point, you only tell them the good side and shy away from some obvious reality they will face along the way considering that bitcoin is a volatile asset. the time to wait eventually comes and the pressure hits on you as though you have what it takes to even manipulate the market. the truth is that anyone that you know wouldn't want to wait or invest for at least one year, there is no point asking them to buy and hold Bitcoin. That should be the first question to ask them, can you hold your coin for a year? if yes, you are in but if not, then bitcoin investment is not for you.

[retreat]

-snip-

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.

There are many misconceptions when beginners start investing in bitcoin. Most of them only invest based on what people say. They are too lazy to do research and believe that when they invest in bitcoin, the profit is guaranteed. In fact, doing research at the beginning and understanding the risks are important things for beginners to do when they want to jump into bitcoin investment. Moreover, the bitcoin market is so volatile, if they don't understand it, then what will happen is they panic and protest like the woman did.

[knowngunman]

In cases like this, I only don't blame the person who she claimed brainwashed her; I also blame her for even believing that there is any form of investment out there which you will put your money into and start making a profit immediately without times when you will experience losses.

And on the other side, I also don't see a reason why some people go out there with that kind of promotion sharing misconceptions about the whole Bitcoin investment thing. What's in it for them? Bitcoin won't reward them with anything for bringing in someone. This is not like affiliate marketing or a Ponzi scheme; some people actually drag trouble to themselves without knowing it with the kind of information they share.

The issue here is that both the learned and the learner are not different.

The rate at which people are eager to jump on anything that promises them massive cash out without due diligence is alarming. As long as you tell people how they'll make money from any platform, they don't care to know about its cons since their mindset is already glued to making money irrespective of how the platform operates. Unfortunately, bitcoin is not operating on that similar path.

I would have blamed the woman in question but she probably act out of desperation. Why would anyone want to teach others what they actually have no idea about? I have once witnessed a similar case where a young man was telling others about gambling and focus solely on the winning aspects and the gullible listeners were excited thinking they'd breakthrough from poverty after the trial. Ignorance and lack of awareness is contributing to this menace seriously.

[betswift]

-snip-

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.

There are many misconceptions when beginners start investing in bitcoin. Most of them only invest based on what people say. They are too lazy to do research and believe that when they invest in bitcoin, the profit is guaranteed. In fact, doing research at the beginning and understanding the risks are important things for beginners to do when they want to jump into bitcoin investment. Moreover, the bitcoin market is so volatile, if they don't understand it, then what will happen is they panic and protest like the woman did.

Bitcoin is no magic wand, it's essential to understand that.

Especially for newbies who are eager to drop their small funds into anything that shines good enough.

[RagnarTheThunderer]

Investing in bitcoin will not make us rich, let alone any guarantees. The days when bitcoin could increase by thousands of percent and give x100, x1000 returns are gone. What we will get when we invest in bitcoin these days is that we will have the opportunity to get significant profits compared to other investments. There is no way we can invest $5k or $10k and think that in the long run we will make millions of dollars, those days are gone.

This notion is not only happening to newbies but even to those who are investing in bitcoin, many still believe that bitcoin will reach $1 million in the coming years and will reach $5 million or $10 million in the next 20 years. That won't happen easily because bitcoin's market cap is not small anymore, we should be realistic about that.

Even on our forum I rarely see anyone talking about the risks of investing in bitcoin, most people just focus on promoting its potential and ignore the risks when newbies ask for investment advice.

i've been mulling over bitcoin a bit lately. it can still put some cash in your pocket, no doubt, but I'm not holding my breath for those wild, life changing spikes like back in the day, the market's grown so much, it just doesn't pump like that anymore. I see why people are into it, and I feel the pull too but those rollercoaster swings? They're real. i've figured out it's best to only throw in what i can shrug off if it tanks, keeps my head clear and my nights peaceful

[fikrett]

Investing in bitcoin will not make us rich, let alone any guarantees. The days when bitcoin could increase by thousands of percent and give x100, x1000 returns are gone. What we will get when we invest in bitcoin these days is that we will have the opportunity to get significant profits compared to other investments. There is no way we can invest $5k or $10k and think that in the long run we will make millions of dollars, those days are gone.

This notion is not only happening to newbies but even to those who are investing in bitcoin, many still believe that bitcoin will reach $1 million in the coming years and will reach $5 million or $10 million in the next 20 years. That won't happen easily because bitcoin's market cap is not small anymore, we should be realistic about that.

Even on our forum I rarely see anyone talking about the risks of investing in bitcoin, most people just focus on promoting its potential and ignore the risks when newbies ask for investment advice.

i've been mulling over bitcoin a bit lately. it can still put some cash in your pocket, no doubt, but I'm not holding my breath for those wild, life changing spikes like back in the day, the market's grown so much, it just doesn't pump like that anymore. I see why people are into it, and I feel the pull too but those rollercoaster swings? They're real. i've figured out it's best to only throw in what i can shrug off if it tanks, keeps my head clear and my nights peaceful

Just keep your BTC in spot.

Hodl. You will prevail if you hodl long enough.

 

[Spaceman1000$]

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..

I want us to let our siblings, loves one's know the advantages and disadvantages of investing in bitcoins, before they venture into cryptocurrency investment especially Bitcoin...because I was in a Bar taking some bottles, a woman came, she starting complaining to her friend how one of her lured her to invest on Bitcoin during the time bitcoins hits hundreds thousands [100k] and after investing in bitcoins at 100k price, then bitcoins price began to fall, to the extent that price of Bitcoin currently is at eighty-four thousands [84k]

So the woman that informed her of Bitcoin investment brainwashed her with motivational hopes of doubling what she invested within one week, so obviously the woman thought that she has become rich after she invested on Bitcoin.

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.

I think in terms of investment in Bitcoin, anybody who probably want to preach the good gospel of Bitcoin investment to anybody, should do well to always highlight the risk factors that are involved, because hence you make analysis telling them of how volatile the market can be most times and you also go ahead to tell them the profit they can get upon them being patient and going through the storm, then you'll be giving a balance analysis for anybody that would have the mind to invest.

the damage that is always been done to newbies is the fact that most of the persons that convince them to invest in Bitcoin or probably any other cryptocurrency at all,  don't give them balance analysis as they are always one sided and making a gloomy explanation of a profit margin upon investment, that is why some experts of today in Bitcoin investment will always tell you that they were one time victims of those kind of situation, hence if they are bringing anybody on-board, they will painstakingly explain the rigorous processes that is involved and how patient you will have to be as an investor to watch your profit grow gradually.

[lovesmayfamilis]

If there are people who believe that after they start investing in Bitcoin, they will instantly become rich, then you can ask them what they think, why are there still so many poor people? If everything were so simple, many would have already become investors. Therefore, of course, you need to help people learn all the sides of investing in Bitcoin. You do not need to give any promises or hope, but tell all the unexpected things that can happen to the investor.  In general, the best advice for all acquaintances and friends of users will be the advice to join this forum and learn information yourself by communicating with many people.

[fikrett]

If there are people who believe that after they start investing in Bitcoin, they will instantly become rich, then you can ask them what they think, why are there still so many poor people? If everything were so simple, many would have already become investors. Therefore, of course, you need to help people learn all the sides of investing in Bitcoin. You do not need to give any promises or hope, but tell all the unexpected things that can happen to the investor.  In general, the best advice for all acquaintances and friends of users will be the advice to join this forum and learn information yourself by communicating with many people.

It should be noted to those new to BTC that it is no magic scheme by any means. It's a tool to be understood and used accordingly, so many ways to interact with it and to make it better long-term.

Without proper knowledge built up, things may end up differently.

[peter0425]

So the woman that informed her of Bitcoin investment brainwashed her with motivational hopes of doubling what she invested within one week, so obviously the woman thought that she has become rich after she invested on Bitcoin.

Lol if anyone told me that something can double my money after a week, I would think that this is a scam. It is simply impossible like that. The one who relayed on this information also does not understand bitcoin enough for certain.

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.

This is why a lot of bitcoin enthusiasts do not like to advise anyone when it comes to bitcoin because when this person does not understand bitcoin properly they will be blamed for whatever stupidity arises.

[hero_the_bossman]

So the woman that informed her of Bitcoin investment brainwashed her with motivational hopes of doubling what she invested within one week, so obviously the woman thought that she has become rich after she invested on Bitcoin.

Lol if anyone told me that something can double my money after a week, I would think that this is a scam. It is simply impossible like that. The one who relayed on this information also does not understand bitcoin enough for certain.

..Or the person in question is just too trustful, to say the least.

It's like an era of 2010x, where there were scams like that all over, and more people got into them 

[Dzwaafu11]

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..

People who think about bitcoin in this way are people who are still yet to understand the concept of bitcoin investment people who know how the market operates already aware that bitcoin investment is not a get rich quick scheme. there is a lot of time and patience before you will make profit from the investment, So people who think about this way did not understand the concept of bitcoin investment.

So the woman that informed her of Bitcoin investment brainwashed her with motivational hopes of doubling what she invested within one week, so obviously the woman thought that she has become rich after she invested on Bitcoin.

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.

But to me, the woman who brainwashed her with lies should not be blame but rather she that believe with the woman said, the best thing is that no matter how promising a investment is you should make your own research after they tell you about it you should not just believe with another says and put in your money into a investment without proper investigation about it.

[Renampun]

...

So the woman that informed her of Bitcoin investment brainwashed her with motivational hopes of doubling what she invested within one week, so obviously the woman thought that she has become rich after she invested on Bitcoin.

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.

To be honest, right now I don't want to be involved in other people's lives anymore. If they are mentally ready to invest in Bitcoin, then I will try to guide them. However, if they just want to get rich quick overnight by investing in Bitcoin, then I will kick them out.

In order to make a big profit in investing in bitcoin, you need great patience and consistency because it is not easy to survive in bitcoin investment, especially since the price is very volatile. Those who have never been involved in an investment will definitely be surprised by the fluctuations in the price of bitcoin. For those who want to get involved in bitcoin investment, it is better to read the history of bitcoin prices first. Don't put your money in straight away, the risk of you cutting losses in the future will be very high when the market is bearish.

[Helena Yu]

But to me, the woman who brainwashed her with lies should not be blame but rather she that believe with the woman said, the best thing is that no matter how promising a investment is you should make your own research after they tell you about it you should not just believe with another says and put in your money into a investment without proper investigation about it.

Women scamming women are really many and dangerous, because even if they get scammed, they still don't want to lose their friendship and act like there's nothing happen. Women also prone of getting scammed, I just don't understand, they really believe in what their friends said instead of their husband or their child. Sometime I think children are smarter than their mother in terms of technology and think logically.

[sunsilk]

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.

People who ask me want to hear only what they want to hear, and it's mostly positive things. But I am cutting the fun of their ears as well and tell them that it's very volatile and without doing anything, if they can profit, they can also lose in value.

They're expecting to get rich overnight with Bitcoin because that's what they have seen from the early investors. Understanding how investing works, they will have to go through a rough time before they can also be on that level.

Bitcoin in the long run is a guaranteed success but being rich, it'll depend on how much you have accumulated.

[RockBell]

I am very curious why there are people who when trying to convince someone to invest in Bitcoin only on the positive side, do not tell the whole story.
This way of convincing is like someone involved in an MLM business who only tries to get people to join his business and does not care that the business is difficult to make a profit.
If we have good intentions for people to invest in Bitcoin, then everything about Bitcoin will be conveyed including the very fluctuating market conditions, and properly inform them that this is not an investment that can make us rich quickly.

people are just curious and the problem now is that some people don't actually want to invest in bitcoin just that they are pushed by what they see or hear and this is why some of them don't even care about learning because if they have been caring about learning they wont be acting the way they are, if it was something they have passion for they would have been doing very well, even if they are not always favored because the secret lies in what you have learnt if you are ready to actually learn then does will serve as guiltiness to know exactly the kind of decisions you take.

And what i understand is that you can not force people to invest in what you are investing in because if anything should happen then there is no way that you be able to defend that action there are a lot of things they need they need ti learn before starting anything so when they already have an understanding they will  be able to decide what they want to do exactly weather to invest or not.