Bitcoin investment doesn't guarantee you richness

[irhact]

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 only say this so others don't think investing in Bitcoin is only about making money but if you follow all the guidance of investing in Bitcoin right, there's no way you won't be making money always from Bitcoin. When you buy low, hodl and sell high, you're always guarantee of profits therefore you can also say investing in Bitcoin is a guarantee that you'll be rich in the future when you invest with an approach amount and also hodl a large amount of Bitcoin and not just small quantities. What make people disappointed in Bitcoin is when the price doesn't go as they expected in the period they had in mind but it's not like Bitcoin will never get to that price later.

[HelliumZ]

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.

Before giving advice to someone, you should definitely advise them about the potential risks of your investment and the future impact of the risk. One should not make such tempting offers that one can easily become rich through investment because many people will accept this offer without understanding it and invest everything they have saved in life. Many people have ruined their lives by making such investments and are paying a high price. Every investor should first learn about the risks of investing in detail and after knowing this, invest at their own risk.

[Ishicryptic]

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 only say this so others don't think investing in Bitcoin is only about making money but if you follow all the guidance of investing in Bitcoin right, there's no way you won't be making money always from Bitcoin. When you buy low, hodl and sell high, you're always guarantee of profits therefore you can also say investing in Bitcoin is a guarantee that you'll be rich in the future when you invest with an approach amount and also hodl a large amount of Bitcoin and not just small quantities. What make people disappointed in Bitcoin is when the price doesn't go as they expected in the period they had in mind but it's not like Bitcoin will never get to that price later.

Some people enter Bitcoin investment with the wrong mindset because they don't have the correct knowledge about how it works, they think that it is an asset that you will buy and the value will continue to increase without dropping. When they check their wallet and see that the value has dropped and they continue to see it dip, they will panic and either think that they have been scammed or that it is fast becoming worthless. If they researched or were told that Bitcoin is a volatile asset that dips and recovers, rally and dips again, they will not panic and worry unnecessarily. The most important fact that these newbies needs to understand is that Bitcoin has the potentials to always reach new ATH, that is why it is better to hold it as a long term project. No matter how long it takes your Bitcoin will be profitable for you in bull circles.

[Zanab247]

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.

Before giving advice to someone, you should definitely advise them about the potential risks of your investment and the future impact of the risk. One should not make such tempting offers that one can easily become rich through investment because many people will accept this offer without understanding it and invest everything they have saved in life. Many people have ruined their lives by making such investments and are paying a high price. Every investor should first learn about the risks of investing in detail and after knowing this, invest at their own risk.

once they know the risk about the movement and follow your advise, I guess they will invest what they can afford to lose in that investment, because they know there is loss and gain in that investment that will make them to apply some potential strategy that will help them to secure profits. But going into investment is to make profits to grow financially in the environment, which is the reason some people use to embark on the investment risk to make sure they have something good to show at the end.

Any investor that is investing in BTC during the bear run, show that such investor have learned the risk of BTC investment because you will not invest on a project you don't have idea on how to make profits or money.

[mvdheuvel1983]

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 only say this so others don't think investing in Bitcoin is only about making money but if you follow all the guidance of investing in Bitcoin right, there's no way you won't be making money always from Bitcoin. When you buy low, hodl and sell high, you're always guarantee of profits therefore you can also say investing in Bitcoin is a guarantee that you'll be rich in the future when you invest with an approach amount and also hodl a large amount of Bitcoin and not just small quantities. What make people disappointed in Bitcoin is when the price doesn't go as they expected in the period they had in mind but it's not like Bitcoin will never get to that price later.

It takes someone who has understood the necessary information needed to succeed in Bitcoin investment to follow all the required guidelines to have a successful investment that can lead to making future profits that is the I think that is the more reason why the op things the positive side of the investment story shouldn't be preached more to newbies who wants to invest in Bitcoin. For an OG in Bitcoin investment you don't need no body to convince you again because you know that there's a guarantee of you making profit if you buy the dip and hold for a long period of time nothing will stop you from making profit because the price of Bitcoin will definitely go up for you to sell and make more profit. Newbies should be told the whole truth I believe it they are well guided they won't be in a hast to make profit in Bitcoin investment.

[Donneski]

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.

It's only a deceitful person that'll teach someone about Bitcoin without talking about the negative sides of investing in Bitcoin. People with very limited or no knowledge about Bitcoin most times believes that Bitcoin investment is all about profit and that's because the people around them who are Bitcoin investors seems to be financially comfortable so it's very important to also tell them that people also lose their fortunes investing in Bitcoin before assuring them that with long-term patience, they're most likely to reclaim their losses.
Bitcoin price have never been stable since the creation. Sometimes there's an uptrend while the other times, there's a downtrend. These are the things you tell them so they make up their minds on wether they'll invest or not

[Ale88]

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.

You can explain everything to someone but at the end you can't control the way this person manages his own emotions, that's up to him. Many people can't withstand a -10% or -20%, at that point in their head it's better to sell at loss and take some money back. Bitcoin is not for everyone, it's not easy to understand and it requires a lot of patience. Your average family member or friend probably will have troubles investing in bitcon.

[Rabata]

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.

It's only a deceitful person that'll teach someone about Bitcoin without talking about the negative sides of investing in Bitcoin. People with very limited or no knowledge about Bitcoin most times believes that Bitcoin investment is all about profit and that's because the people around them who are Bitcoin investors seems to be financially comfortable so it's very important to also tell them that people also lose their fortunes investing in Bitcoin before assuring them that with long-term patience, they're most likely to reclaim their losses.
Bitcoin price have never been stable since the creation. Sometimes there's an uptrend while the other times, there's a downtrend. These are the things you tell them so they make up their minds on wether they'll invest or not

Investing in Bitcoin never guarantees profit. Those who only emphasize the profit aspect of investing in Bitcoin definitely lack knowledge. There are many who have invested in Bitcoin who have increased their assets several times while many have lost their assets. When investing in Bitcoin, it is necessary to tell an investor what things to focus on. Those who want to invest must be given an idea about timing. There is no chance of being profitable from Bitcoin in the short term, but those who try to hold the coin for the long term have a greater chance of being profitable. However, no one should be given certainty. Bitcoin is volatile, it can be bullish at any time, but there is nothing wrong with being bearish for a long time. When investing in Bitcoin, the investment decision should be made by considering the risks.

[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.

Before giving advice to someone, you should definitely advise them about the potential risks of your investment and the future impact of the risk. One should not make such tempting offers that one can easily become rich through investment because many people will accept this offer without understanding it and invest everything they have saved in life. Many people have ruined their lives by making such investments and are paying a high price. Every investor should first learn about the risks of investing in detail and after knowing this, invest at their own risk.

Usually those who often offer big profits and the potential to get rich quickly are people who have not been in the investment world for a long time, making a little profit and then thinking they can get bigger profits with bigger capital, this is the starting point of destruction. Thinking you understand everything about the world of investment but in reality it's just nonsense, the most understandable thing is only how to calculate profits and potential profits.

On the other hand, people who are cooperated with have no understanding, do not understand the wrong investment can have the risk of losing capital. With the lure of big profits, making the view dark, unable to see the potential losses to be faced, both are a very good combination.

[Btcdeybodi]

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.

You have said it all, i don't know why some persons will introduce someone to an investment you know that you are not getting any rewards for introducing them but still can't tell them all the truth on what they should know, what are they even hiding. Someone can tell or teach people about bitcoin without even trying to persuade them to start investing. After telling people about bitcoin it should be their choice to invest and not to be lured to invest against their will.

Due to the volatility of bitcoin, it will be erroneous to only tell people about the good side of bitcoin and not tell them the ugly side and the need for them to hold for a longer time interval. Inasmuch as most of us are hodling with the belief that our investment will make us become rich someday, but we should not be overzealous or expect so much from our investment, things can still go the other way round.

[RockBell]

Some people enter Bitcoin investment with the wrong mindset because they don't have the correct knowledge about how it works, they think that it is an asset that you will buy and the value will continue to increase without dropping. When they check their wallet and see that the value has dropped and they continue to see it dip, they will panic and either think that they have been scammed or that it is fast becoming worthless. If they researched or were told that Bitcoin is a volatile asset that dips and recovers, rally and dips again, they will not panic and worry unnecessarily. The most important fact that these newbies needs to understand is that Bitcoin has the potentials to always reach new ATH, that is why it is better to hold it as a long term project. No matter how long it takes your Bitcoin will be profitable for you in bull circles.

and the wrong mindset that they don't have a reason why they want to invest in Bitcoin as a person, it is good to have a goal of why you want to invest in Bitcoin but most times people just engage in making those decisions without having the aim of investing and s lot of people just follow other peoples idea which is very bad because there is a lot of reasons why you have to learn to make your own decision when it comes to bitcoin investment there are procedures that you can follow and it will help you.

a lot of people are always guilty of selling when the price is down because they fear their money is gone they need to understand how the market is been structured and there is always enough time to make a proper investigation before investing and not just making random decisions just because you see others investing, and newbies are always excited when it comes to investing but over time most of them can no longer keep up because they do not have the idea about what the investment is all about.

information is power so when you have quite an amount of information in your hand then you should be able to do whatever you want with the information and then your progress will be determined by what you get in return, which will be used to measure your profit and other things so this is how important knowledge can be.

[Pi-network314159]

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..

actually bitcoin investment is not a get rich quick scheme. those that has little knowledge about bitcoin should be told the good and the bad of bitcoin investment to avoid accusation in the future. there where many who did likewise by trying to prove how good bitcoin investment is, instead they entered problem of being accused of misleading them into investing in bitcoin especially during the ATH of bitcoin. you know how it feels like to buy bitcoin at high price and sell low that will definitely create tension in the mind of a person who is new to crypto making the have another mindset .

[highalch]

actually bitcoin investment is not a get rich quick scheme

bitcoin is a get rich slow scheme 

for real. if you cant hodl through 82K, you dont deserve the hundreds.

[Botnake]

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 only say this so others don't think investing in Bitcoin is only about making money but if you follow all the guidance of investing in Bitcoin right, there's no way you won't be making money always from Bitcoin. When you buy low, hodl and sell high, you're always guarantee of profits therefore you can also say investing in Bitcoin is a guarantee that you'll be rich in the future when you invest with an approach amount and also hodl a large amount of Bitcoin and not just small quantities. What make people disappointed in Bitcoin is when the price doesn't go as they expected in the period they had in mind but it's not like Bitcoin will never get to that price later.

If you are a responsible investor, you know exactly that any form of investment won’t guarantee instant richness or success. There are times that it will give you impressive price and make you profitable that time, but nevertheless there are also times you will experience lows and discouragements because the price drops deeply lower than what you expect it to be. So hearing that this bitcoin investment will consistently make you profitable, obviously it’s a big lie. Unless you continue to hold and sell only when the price reaches another peak, that will definitely make you profitable after.

[batang_bitcoin]

actually bitcoin investment is not a get rich quick scheme

bitcoin is a get rich slow scheme  

I cannot say if I'll laugh or not. But that seems to be the easiest way to understand it. A slow way of being rich but it won't also happen if you only hold a little.

for real. if you cant hodl through 82K, you dont deserve the hundreds.

This is tough, when we've been through from $3k to $10k and all of those lows. I've even saw lower than those prices, I never complained but continue to do what I've been doing with my life and HODL. People need to appreciate Bitcoin. It's a great asset that has been introduced to this generation and it's not only for the rich but also for every kind of people out there looking for some ways to get out of the rat race. Only it will happen if you've accumulated a lot but there is no end game to this because it's here to stay.

[Ever-young]

actually bitcoin investment is not a get rich quick scheme

bitcoin is a get rich slow scheme  

I cannot say if I'll laugh or not. But that seems to be the easiest way to understand it. A slow way of being rich but it won't also happen if you only hold a little.

Hilarious but accurate. Bitcoin doesn’t give quick wealth at all. in fact, to be very honest, there’s still no guarantee that you’ll become rich even after holding on to Bitcoin for years, yes because there’s no guarantee of what might and might not happen tomorrow. But the point still remains that it’s a lot more safer to hodl for the long term, even if it’s all still a bit of a risk, but this risk is quite manageable and in fact the easiest way to take a risk. Long term perspective of Bitcoin gives one the advantage to utilize every single opportunity that swings by the market, gives you the ability to stay calm even in the middle of a downturn or volatility.

[KiaKia]

actually bitcoin investment is not a get rich quick scheme

bitcoin is a get rich slow scheme  

I cannot say if I'll laugh or not. But that seems to be the easiest way to understand it. A slow way of being rich but it won't also happen if you only hold a little.

for real. if you cant hodl through 82K, you dont deserve the hundreds.

This is tough, when we've been through from $3k to $10k and all of those lows. I've even saw lower than those prices, I never complained but continue to do what I've been doing with my life and HODL. People need to appreciate Bitcoin. It's a great asset that has been introduced to this generation and it's not only for the rich but also for every kind of people out there looking for some ways to get out of the rat race. Only it will happen if you've accumulated a lot but there is no end game to this because it's here to stay.

Well said, this is the part I like about Bitcoin, you won't get rich also if you hold too little, gone are the days where Bitcoin was $100 per BTC, now you need more money invested for you to expect a certain amount back in the future, that's where DCA comes in, you can't just buy $50 BTC and be expecting 1 million in 2030 it is never going to happen.

I guess newbies hate slow path to success, this is why many people till date don't feel the need to invest in Bitcoin, the waiting game is not something that many people can do, some are forced to because of the situation in their countries, like the way things are going for them it might be a harder future.

No one knows what will happen in the future, Bitcoin might fail but there is a higher chances that it won't, and for me it is better to bet on the latter, you don't want to miss out on future value of one BTC.

[bangjoe]

actually bitcoin investment is not a get rich quick scheme

bitcoin is a get rich slow scheme 

for real. if you cant hodl through 82K, you dont deserve the hundreds.

It's about mindset if you think that you can get rich from bitcoin that's a good idea but not right in my opinion because it's not as easy as imagined, but buying bitcoin to maintain the value of the money we have is the right idea because basically bitcoin has a limited supply so the value of the money we have will remain the same as before in FIAT before being hit by inflation.

The point is don't have an orientation that you can get rich from bitcoin from the current price, it will only torture your mind when the market is volatile.

[batang_bitcoin]

I cannot say if I'll laugh or not. But that seems to be the easiest way to understand it. A slow way of being rich but it won't also happen if you only hold a little.

Hilarious but accurate. Bitcoin doesn’t give quick wealth at all. in fact, to be very honest, there’s still no guarantee that you’ll become rich even after holding on to Bitcoin for years, yes because there’s no guarantee of what might and might not happen tomorrow. But the point still remains that it’s a lot more safer to hodl for the long term, even if it’s all still a bit of a risk, but this risk is quite manageable and in fact the easiest way to take a risk. Long term perspective of Bitcoin gives one the advantage to utilize every single opportunity that swings by the market, gives you the ability to stay calm even in the middle of a downturn or volatility.

If someone has a huge capital upon investing on it, there is a likelihood that they'll become successful on it. But let's just put ourselves in a safer part that we won't guarantee them that they'll become rich but profitable. Because not every investors are the same like us.

Well said, this is the part I like about Bitcoin, you won't get rich also if you hold too little, gone are the days where Bitcoin was $100 per BTC, now you need more money invested for you to expect a certain amount back in the future, that's where DCA comes in, you can't just buy $50 BTC and be expecting 1 million in 2030 it is never going to happen.

I guess newbies hate slow path to success, this is why many people till date don't feel the need to invest in Bitcoin, the waiting game is not something that many people can do, some are forced to because of the situation in their countries, like the way things are going for them it might be a harder future.

No one knows what will happen in the future, Bitcoin might fail but there is a higher chances that it won't, and for me it is better to bet on the latter, you don't want to miss out on future value of one BTC.

It's possible before but as the price goes high, the only little you have, the little profit you'll also get. But still, this is one of the best assets out there and are performing the traditional ones. So, it's never too late because people look at how much their capital can multiply but it's even riskier in the other cryptos that they're betting on.

[GbitG]

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.

That's why we are only emphasizing long-term strategy rather than short term. Because Bitcoin is highly volital and if someone didn't have the capacity to hold their emotions regarding through the market sentiment, then he/she needs to buy Bitcoin and just HODL it for 5-10 years. This will have the advantage that your loss ratio will become almost nil.

I have seen many people who do not have much knowledge and understanding of Bitcoin, but patience is more important for these people and they can trade Bitcoin. And that is why those people have not yet given up on Bitcoin. Meaning they do not get upset by small corrections because they have made their long term plan.

So grab the Bitcoin for longe term (5-10) and pi** off the concern matter...