Bitcoin investment doesn't guarantee you richness

[Cryptomultiplier]

...

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.

You spoke very well and you read my mind exactly right.
The truth will always be there for everyone or for every potential investor to see, it is left for them to accept it and work accordingly.

Besides the profit that may be a guarantee of long term investment in Bitcoin, I also try to point investors to how Bitcoin investment would help them secure their financial future in regards to it being a strong hedge against inflation at the possible best. Although the bearish season may weigh in and try to cause FOMO, but am sure the history charts have a better explanation and there's always a vantage point if one carefully studies the market.

[Frankolala]

I have seen a similar case where the guy doesn't know much about how bitcoin works, but claims to be a good trader. He told a lot of people to give him funds to trade for them. Unknown to him that bitcoin is a volatile asset. When the price started dipping, he made a big loss. He sweared not to deal with anything cryptocurrency again. His lack of knowledge, made him feel that bitcoin was a scam.

[Dailyscript]

No investment in the world can guarantee you return talk more of being wealthy. Every step to investment is a result of self-awareness of the risk involved and how much we can be able to risk to get our returns. What makes an investment better than other investments is the level of risk that can be reduced. Bitcoin is better than most investments because there are several reports of bitcoin giving tangible profits over time if invested properly.

[bitzizzix]

This kind of thing can not be prevented from happening, because in any field or investment it can happen and we can find someone who feels great, understands or understands, is an expert and has mastered what is conveyed and also produces good things or profits even though in fact all of that is not in him. So it is very necessary to be careful because people like this can be found anywhere and do not be easy to believe, especially Bitcoin which is currently on the rise which can be used by these people and we cannot blame the person. And who is to blame if he is provoked, it is his own fault because it is very easy to believe without doing intelligence to analyze or try to find accurate information to learn everything so that it is not easy to believe. And incidents like this will continue to happen and it can be said that one of the things that people should know and fix is ​​Bitcoin even though it is a big mistake if he fixes everything well but incidents like this will be an experience and can also be used to tell others not to easily believe someone before learning and doing their own research which in the end those who are wrong will still be involved and start over well overall because I am very sure that there must be many Bitcoin users or investors who start from all that and make it better and become profitable after learning and fixing it overall because all things can happen can start from mistakes, stupidity and also in the right way and so on the most important thing is that Bitcoin adoption continues to grow in various ways.

[JoyMarsha]

This is terrible, and it needs to stop so that people won't have much hope of becoming rich through Bitcoin investment.

This misconception of investing in Bitcoin and being rich has caused much damage to people who invested their wealth in Bitcoin for quick profits.

I just think if you, I and everyone who knows about Bitcoin investment could begin to tell people we know not only about the positive side of Bitcoin, this misconception will gradually reduce because those will tell, will also tell other people they know about positive and negative side of Bitcoin

[yhiaali3]

Yes, most new Bitcoin investors believe they'll get rich simply by investing in Bitcoin, only to discover later how wrong they were.

When advising anyone new to investing in Bitcoin, it's crucial to explain the risks before the rewards. It's also essential to explain the significant volatility inherent in Bitcoin. We must understand first and foremost that Bitcoin doesn't provide quick riches, but rather is the best way to hedge against inflation and gain profit in the long run.

[JiiBs]

No investment in the world can guarantee you return talk more of being wealthy. Every step to investment is a result of self-awareness of the risk involved and how much we can be able to risk to get our returns. What makes an investment better than other investments is the level of risk that can be reduced. Bitcoin is better than most investments because there are several reports of bitcoin giving tangible profits over time if invested properly.

You said it just the way I would have liked to hear it.

If anyone is looking for some guarantor towards being wealthy, I think such person is out looking for the impossible. There is no guarantee to wealth in whatever investment that is out there. There is always risk to an investment and that risk could easily become the order of the day which spells loss.

You can loss in any investment even after doing all the analysis you think needs to be looks at. You never can tell on all circumstances that can change at any given minute and you’re down again. Take Mike Tyson for an example, he was down to taxes, in debt and it took the Jack Paul fight to get him on his feet. This is someone you would say is wealthy and definitely have investments as well as some rarities to his name.

[finaleshot2016]

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Well, I’ve taught a lot of person about cryptocurrency and I didn’t tell them the good side only, I keep teaching them but at the same time I also keep fudding them that crypto isn’t good, too much risk. Of course sometimes I’m happy to tell them the good side of it because this is the reality, we can earn, we can have profit through crypto but of course due diligince my bros, they should be careful too and be aware of the risks. It’s a common thing that if it involves money, then they should be careful about it, they should have risk managements and be aware about their financial status.

Like now, do you think it’s advisable to tell the newbies that they can become a millionaire if they put money at this point? No.

[nazirmehrab]

Technically, no form of investment guarantees you safety, not even share marketing, mutual funds, and real estate.
After all, most people end up in losses.

Making money via sensible investments takes a lot of patience and persistence.
Sadly majority are not able to control their urges for losing enough (without any fault of their own).
The social media influencers, magazines are hammering people with quick-rich scheme-related content. This creates a FOMO too strong to keep resisting.

End verdict: Be it crypto or anything else, only a smart investor (a learned investor) will make money after showing enough persistence.

Are you a seasoned crypto investor?

[Mia Chloe]

No investment in the world can guarantee you return talk more of being wealthy. Every step to investment is a result of self-awareness of the risk involved and how much we can be able to risk to get our returns. What makes an investment better than other investments is the level of risk that can be reduced. Bitcoin is better than most investments because there are several reports of bitcoin giving tangible profits over time if invested properly.

To start with Investments actually are more like risks meaning there is always a chance of it going sideways unlike regular savings that you are guaranteed your interest after a particular period of time. The thing is with investments you have a higher and obvious chance of beating inflation and also ending up in profit.

What investors try to do is reduce their risk while still keeping their potential profits at maximum value. Basically bitcoin investment is an edge over altcoins because you are more certain of price progression than a down side retracement.

[Makus]

People with this mentality often make terrible mistakes like selling their coins after small price changes probably in the direction of the dip. And this is mostly practiced by newbies.  Bitcoin is not a get rich quick scheme, it the lots of patience to arrive at a massive profit. Those who held for longterm has been on a wining side irrespective of the highest lows the price of bitcoin may make during this recent trend. There is obviously a need to study the market  before proceeding with your trade sell or buy, but one can make use of the DCA to accumulate his bitcoin for a long period of time without  feeling too much pressure compared to a holder who used a lump sum strategy

[HajiBagi]

This is another method people lure their friends to invest in Bitcoin and it is very bad, instead of me trying to lure someone to invest in Bitcoin I would rather keep quiet without not saying a word, we know that Bitcoin is another way to earn profits but that doesn’t guarantee that it will make us rich, Bitcoin is not what some of us are thinking and that is why if some people invest in Bitcoin in just a month they will start complaining and asking when the price is going to rise or is it the right time for them to sell their Bitcoin.

It is time we know that some people don’t like Bitcoin at all, they only invest because they see someone made a lot of profit through Bitcoin, and in the story of that lady, I blame the person who introduced her to Bitcoin because she didn’t tell her how Bitcoin works if you want to introduce Bitcoin to someone you should tell them everything about Bitcoin both advantages and disadvantages so that if the person is capable he or she will do it and when the price drops the person will understand.

[Jating]

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.

Yes, when you talk out someone about Bitcoin investment, you should also tell them about it's cycle. Bull run and bear cycle and how everything operates on those period so it will take time for our money to mature and make that big profits that everyone is like preaching.

And if I'm the person that is really interested on investing, I will also do my due diligence and study how the market works. I mean it's my hard earn money, so I will have to really understand everything despite what someone is telling me about how to get rich. So it's not like we will rely on others even if they are our relatives or friends teaching me about the benefits of investing into Bitcoin.

[Cookdata]

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.

Well well, theere is nothing that is guaranteed in every investment but here is one thing about Bitcoin, if you have been buying Bitcoin from 2009 to 2024, you should be in decent profits by now, only this year I can say the profit has reduced small but one day in future, this particular price we are talking about will become something or past to discuss as we are going to be trading Bitcoin on another all time high, that's what I can say about Bitcoin investment.

It's good to make people understand the way Bitcoin work, don't hype it much and don't give them assurance like they are about to win something or change their life. In my own opinion, if they can hold Bitcoin for as long as they can, Bitcoin can make you richness but this depend on how much you already put into Bitcoin. Anyone investing $88k into Bitcoin now is a big person because the amount is high but I'm pretty sure you will make more later "if" you are patience.

[Alphakilo]

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 do not tell anyone about bitcoin unless asked first. I start with the cons first. That is their firs test to know if they are actually interested.

Most of them do not stay till the end. At which point I just talk to them about other businesses that they can be interested. Bitcoin cannot be invested in by everyone and that is what people should be aware of. Some want to get in because of peer influence and not our of genuine interest.

In reality bitcoin is what preserves your wealth and guarantees that if you hold on long enough you will be glad you did. I tell those who stay about this and that is the reality of what it is.

[Ricardo11]

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.

Yes, when you talk out someone about Bitcoin investment, you should also tell them about it's cycle. Bull run and bear cycle and how everything operates on those period so it will take time for our money to mature and make that big profits that everyone is like preaching.

And if I'm the person that is really interested on investing, I will also do my due diligence and study how the market works. I mean it's my hard earn money, so I will have to really understand everything despite what someone is telling me about how to get rich. So it's not like we will rely on others even if they are our relatives or friends teaching me about the benefits of investing into Bitcoin.

New investors often make such mistakes in the first stage, they are interested in starting investing only because of the profitability of Bitcoin, they only see the benefits most of the time, but start investing without thinking about the risks. But when they face reality, and come across the real volatility of Bitcoin, they get scared and sell their holdings at a loss.
That is why it is necessary to have a clear idea about the market from the beginning, Bitcoin cannot only be thought of as a profit, the risk aspect must also be kept in mind. Bitcoin can never give a guaranteed profit, so you have to understand the right thing and hold it for a long time by adopting the right strategy. Only then will success come closer to you.

[KingsDen]

In the part of the world that I come from, people will easily believe you hence you have money. When you tell them that one thing or the other is the source of your income, they would not bother to investigate more but rather they will want to dive in. So it is not difficult for the woman in question to believe that she would become a millionaire overnight because the person that introduce her must have been doing well in the real life.

Op give a good advice to us as we should not overblow Bitcoin. Even if we know what bitcoin is capable of doing, who should explain it in a moderate form to newcomers and if they eventually meet more, it is a good deal for them and a kind of surprise.

[GiftedMAN]

I have seen a similar case where the guy doesn't know much about how bitcoin works, but claims to be a good trader. He told a lot of people to give him funds to trade for them. Unknown to him that bitcoin is a volatile asset. When the price started dipping, he made a big loss. He sweared not to deal with anything cryptocurrency again. His lack of knowledge, made him feel that bitcoin was a scam.

The guy must be a blind risk taker for ever thinking that he could get so rich in trading when he understands nothing about trading, people who do not know much about Bitcoin investment don't need to risk it because they will always see Bitcoin investment as a ponzi scheme where they can expect to multiply their capital overnight and for those who intend to start trading blindly they better not waste their time and resources because they will lose all they had laboured for. Knowledge is one of the best ways to get started in Bitcoin I think anyone who wants to invest in Bitcoin should get some clue of what they want to put in money into before investing.

[Pi-network314159]

Actually it is important to let people  know the ups and downs of Bitcoin not only talking about the sweet part of Bitcoin, because people can be aggressive when they discovered that you tricked to to invest in something that made them lose their money without letting them know the downside of it. Just like I introduced one of my friend to Bitcoin I  told him about the good and bad side of Bitcoin. At first he was so in hurry to invest but after I have explained the risk aspect of it he was calm for some minutes and he didn't respond so quick again, meaning that if I had only told him the good side of it without telling him a bout the risk involved them he would have angry at me if he lose when he would have invested. So if they know the truth without sugarcoating it then they will have no one to be blamed.

[Smack That Ace]

Yes, when you talk out someone about Bitcoin investment, you should also tell them about it's cycle. Bull run and bear cycle and how everything operates on those period so it will take time for our money to mature and make that big profits that everyone is like preaching.

I don't think telling them about the bitcoin cycle and relying on it for investment is a good idea. What is the guarantee that the bitcoin cycle will always repeat? Like what is going on, does anyone have proof or assurance that the bull season is not over and prices will continue to rise? Because if we look at previous cycles, we can easily see that the real bull season is coming this year. But does anyone dare to confirm and guarantee?
Instead, tell them that bitcoin is very volatile and unpredictable and if they want to invest in bitcoin, they need to hold it for the long term and should ignore short-term volatiles.

And if I'm the person that is really interested on investing, I will also do my due diligence and study how the market works. I mean it's my hard earn money, so I will have to really understand everything despite what someone is telling me about how to get rich. So it's not like we will rely on others even if they are our relatives or friends teaching me about the benefits of investing into Bitcoin.

My only advice: DYOR, don't trust anyone completely.