Bitcoin investment doesn't guarantee you richness

[GideonGono]

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.

[CageMabok]

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.

Bitcoin price movements in the market do not always increase so every investor must also understand this so as not to immediately have a dream of getting rich overnight when they have made their investment steps in a short time. But this only applies to small investors who do not have a large amount of capital for their own investment, while for large investors with large capital, of course they can make a lot of profit in a short period of time. Only those who have large capital are no longer poor people so their category is very different from small investors who are struggling to get rich through Bitcoin investment.

[bittraffic]

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.

Bitcoin price movements in the market do not always increase so every investor must also understand this so as not to immediately have a dream of getting rich overnight when they have made their investment steps in a short time. But this only applies to small investors who do not have a large amount of capital for their own investment, while for large investors with large capital, of course they can make a lot of profit in a short period of time. Only those who have large capital are no longer poor people so their category is very different from small investors who are struggling to get rich through Bitcoin investment.

Of course they know this even before they start investing. Anyone today understands Bitcoin price is not increasing the whole time. They know bear market will come one day and they need to sell their investment. They won't just dive into buying Bitcoin without the risk.

But still in the long run if they hold their coins, they might see the light of day when they profit from their investment when the trend turns upwards again.

[Swapter.io]

The most common mistake of any beginner is jumping straight into practice without first learning the theory. I believe it's important to gather information, learn the basics of trading, and understand all the potential risks. As for the pros and cons of investing in Bitcoin, briefly:

Pros:
+ Decentralization 
+ Protection against inflation 
+ High growth potential 

Cons:
- Volatility 
- Security risks 
- Lack of regulation

[Miles2006]

Educating people about bitcoin is not for the weak likewise investing, if anyone should think bitcoin investment is all perfect they’re getting it wrong. Planing must be involve and people who see investing as short term should trade rather, definitely that’s the honest truth but in terms of investing with a long term plan they’re some risk attached for newbies who are not familiar with the market fluctuation. Focusing only on the advantage when teaching about bitcoin has to be one of the mistakes triggering different thought about bitcoin investment “get rich quick” from my observation bitcoin investment can bring a good return if only the person understands investing, the lady in question her story is different because she lacks investing knowledge.

[boyptc]

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.

It's because they glorify those people that have shared their success stories by investing in Bitcoin.

So, what's in their minds is if these people became rich with BTC, why not it won't happen to them, right?

And that is why there are so many newbies that when told about investing in Bitcoin, they're trying themselves to be one by starting it first with their mindset which I don't know if it's right to play out on them or should be stopped all at once.

[Smartvirus]

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.

Maybe we are over exaggerating this a little as I like to believe that, those who come into this field don’t really see it for that getting super rich no more but, hope for some comfortable life, somewhere around the middle class. That’s still possible but even then, it would take a good number of years with consistent portfolio building to get there. Anyone with that ability to build a portfolio consistently ought to be someone that has been able to archive some level of stability to their living as well.

Bitcoin would make you super rich in no distant time, maybe we might be talking about a decade or two decades and you would need at least 1BTC if I may peg it there to have something truly meaningful.

[sana54210]

Telling other people would of course not make sense, I would suggest not to do that, but you can convince yourself of this at least. Because if you could invest into bitcoin consistently all the time, then you are going to make some money with it and won't be considering this as a good or bad thing. I get that it is going to cause a ton of issues on the long run, and if we can make this work eventually, that would be lovely and that won't be an issue for anyone at all.

This is just how things are, and if we can make sure that things are going strong with our bitcoin investment and we do not sell and we keep accumulating more, eventually we will make a lot more money with it, that should be the most important part.

[Natalim]

Don’t get blinded and get carried away by too much emotions and expectations. There is no investment that will come to guarantee success and wealth. No matter how it seems good and profitable, if you don’t take such precautions, and you don’t maximize your investing potentials, you will never guarantee richness at the end of the day.

It’s a long process actually. There are times you feel discouraged due to consistent mistakes and losses, but there are times also where you feel you have to give your best so you can reap the best outcome you are visualizing. Know your goals why you’re there, and trust yourself and its process.

[Ever-young]

It is very risky to collect money from people to trade for them, it is not even advisable for anyone to go into trading without having knowledge to trade because you will definitely lose your money in the market.  One of the problem with some people is that they have refused to learn but they have so much confidence that they can do all things with idea but it not like that for trading. In trading you must acquire good knowledge before putting in money to make some trade.

Trading is risky, and taking money from others to trade for them is double risk then adding that the person who is trying to trade for the next person don’t even have idea of how trading works the risk is on the higher side, confidence can only help and work when you already know what you are doing you will have confidence on the skill you have developed and not that you can do when you have no single clue of what exactly you want to do.

[Yamifoud]

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 agree, and they have the right to know exactly how it works. Telling only the positive side is just like making them a fool, and guess what, they will attack us when they experience difficulties and losses. Knowing them both helps them decide whether they pursue or not. Transparency is a big factor that affects trust in both parties. As sharers, we also have to protect our reputation and be concerned about their future as well. This involves money, which means that they also deserve to know all the necessary information they need.

[CryptoBuds]

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.

It's all about knowledge, lack of knowledge will cause disastrous misunderstandings and most of the people with this mindset are newbies. But I also want to say that even in the long term, there is no guarantee that investing in bitcoin will make us rich. Bitcoin is not a magic wand in the short or long term. It cannot bring and guarantee wealth to anyone, we cannot just invest a little money in it, hold it for a long time and think we will become rich. Bitcoin doesn't work like that and is not capable of doing that.
The era of getting rich quick or becoming a millionaire with a small capital is over and if we want to get rich with bitcoin today, we need not only knowledge and experience but also a significant amount of capital.

[OcTradism]

The era of getting rich quick or becoming a millionaire with a small capital is over and if we want to get rich with bitcoin today, we need not only knowledge and experience but also a significant amount of capital.

If people can not get rich with stocks market or real estate market, they won't invest money in stocks or real estates. Bitcoin had very higher ROIs than stocks and real estates since 2009 and I believe it will bring better ROI in future years.

The information just to say Bitcoin will continue helping people get richer, even with smaller ROIs in future years than in past years. It's not too accurate to say it won't be able to help people getting rich. If you say it is accurate, let's say the same about stocks market and real estate market.

It's true that smaller ROIs from Bitcoin investment in future years can make many people disappointed but you can not satisfy people who are too greedy.

[Alone055]

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.

Well, they can't be blamed because there are certain things in the market that make newbies think that way. Today, I checked on Bitget Wallet, and guess what I noticed? A Solana-based meme coin went up over 400,000% within a few hours after its listing. It went from $0.00000477 to $0.0249. This means that someone could buy $10 worth of that token at $0.00000477, and they would have more than $47,000 after selling them at $0.0249. Can you imagine?

Now, we know that these things are only like dreams, and only the ones who are extremely lucky manage to throw a few bucks into these tokens initially only to try their luck and then they become rich overnight, but newbies don't get it, they hear and see such things and they believe anyone can get rich very quickly in this market.

[Luzin]

There is no guarantee, when we make a profit, there will be something to lose. That applies apparently to the trading system. So only foolish people dare to give a guarantee that Bitcoin will always be profitable and even rich. Perhaps those who guarantee it are scammers who want to take profits for themselves.
I don't know the success percentage of people investing in Bitcoin. But I've heard, people don't get richer when investing in trading Bitcoi. But there are also those who have become rich because of Bitcoin investments. So basically there are no guarantees, but if he wants to learn then I think he will benefit even if it doesn't make him rich.

[Belarge]

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.

I believe this his a typical Nigerian case and story and I wouldn’t have to blame the woman that invested the money because the money must have trusted her friend based on how the friend must have presented the story and how much assurance must have been given to investor and I think the woman who lured the woman into investing wasn’t even having the right knowledge of bitcoin and might not even be having any holdings as at the moment and was also hoping to share of the profit from her friend’s investment.
People should be knowledgeable enough before wanting to educate others to save us from stories like this.

[michellee]

That is not fully right mindset if she think that investing in Bitcoin will give her profit in short term. Besides, she must not in rush to start investing while she need to learn more before decide. But all things is already happened and we hope she didn't sell her Bitcoin and still hold it. It is a precious lesson for her and others to avoid the mistake.

If we want to introduce Bitcoin as an investment, we must explain all things we know, including the positive and the negative so people know for details before decide. But they must research by themselves before start so they can add more info about Bitcoin investment. He will get more knowledge what he need to prepare and avoid.

[Mr Reporter]

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 agree, and they have the right to know exactly how it works. Telling only the positive side is just like making them a fool, and guess what, they will attack us when they experience difficulties and losses. Knowing them both helps them decide whether they pursue or not. Transparency is a big factor that affects trust in both parties. As sharers, we also have to protect our reputation and be concerned about their future as well. This involves money, which means that they also deserve to know all the necessary information they need.

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.

[SuperBitMan]

You are right some investors always tell people about Bitcoin like is ponzi scheme where you can just invest today and get your benefit in just a week or two, if you are telling someone about Bitcoin tell them how Bitcoin really works don't try to make Bitcoin look so sweet in there eyes and later they regret investing in it some set of people who always sell of there Bitcoin when there's a dip in Bitcoin or people who always panic when there's a dip are people who where not given the right information about Bitcoin it will be better you tell newbies about the history of Bitcoin growth let them no that dip has been part of Bitcoin and that has not stopped Bitcoin from growing let them no how highly volatile bitcoin is in nature, just like you said we should not just tell people about the positive side of Bitcoin only I know some set of people always tell people about the positive side just to make them invest but that is not right is better you tell them about the positive and the negative side about bitcoin and then let the people make the choice of wanting to invest or not, tell people the truth about Bitcoin because it will make people invest and hold on to there investment.

[moneystery]

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.

i agree with you that at least if someone recommends bitcoin to others then they need to explain its volatility, don't just explain how they can get profit, it looks like MLM. they need to be explained the risks, the right investment method, and some other tips. so that when the person is interested in investing in bitcoin, they are not only fixated on the fact that they will be able to get profit quickly, but it is like a long-term process until they can get profit from their investment.