If you want to make supper money in bitcoin investment you need to avoid this...

[ejikeme24]

Just as the topic says" I believe there are people who may be thinking about ways in which they can make supper money in bitcoin investment. Surely ee dey possible to make life changing returns with Bitcoin BUT before we go think about this things we need to be aware of certain pitfalls which I am going to highlight below.

* bitcoin investment scam: This one no be Bitcoin investments and ee get some  promises way them dey make way be say we self go see am say the promise too good to be true, only thier promises self fit give us assurance say the project no follow so we need to Stay away from this kind  of projects.

* cloud mining:  almost all of these are scams as alot of people don also experience am so we gats avoid these like the plague.

* short term trading: These one na  very difficult game way person no supposed put body, so I no fit  recommend this to anybody. Because this one no dey waste time dry person most of this speculators lose all their money quickly, trading just dey like predicting human behavior and we know how difficult it is to predict human behavior this is why we gats avoid am too.


solution:

We need to believe in the long term viability of the technology and of the power Bitcoin has to change our society. If you are a real believer you will buy Bitcoin (Hold it in your own wallet where you control the private keys not anyone else) and you will hold for the long term [ 10 years or more. ] Rather than looking for short cut to success.

Here is the little advice I have to offer, and I believed there are still more that need to be mentioned here, so I would also like to hear your advice regarding this issue.

[BIT-BENDER]

You fit still avoid this things and still not make super money from Bitcoin. Yes it is obvious that you should avoid the things you mentioned but you should not put things into people's mind because some people can think when you avoid this things you will become rich.

Basically your success and wealth in Bitcoin is determined by your
Capital: what you are investing, it could be huge or gradually but let it be consistent

Securing your capital: as your capital is important so is how you secure that capital.

Long term holding: this one is self explanatory.

[Mate2237]

Bitcoin has been associated with Alot of things especially for those people who are criminal minded and wants to get rich quick most of them has re-sorted to using Bitcoin as a means to extort money from people so you will be seeing alot of unrealistic promises on social media and on some crypto platforms scammers making unrealistic promises for people to invest with money, most of them will deceive people who are ignorant that if they bring a certain amount of money that they will double their money these are scammers and potential investors on Bitcoin should be aware and avoid such people.




Another thing that will be of help to anyone who is going into Bitcoin investment with the hopes of getting gain is to make sure that they avoid making short term investment as that will not be a good idea because Bitcoin investment is best profitable over a long period of time

[Obim34]

What will happen if an investor believes in Bitcoin investment, use the right capital to invest, do all you have listed but unable to secure his portfolio. Investors are supposed to know how or do two things:

1. An investor should know how to set up his investment
2. An investor should know how to secure his investment.

Any investor capable of doing both is definitely going to enjoy when the profits begins to hit in.

[Josefjix]

bitcoin investment scam: This one no be Bitcoin investments and ee get some  promises way them dey make way be say we self go see am say the promise too good to be true, only thier promises self fit give us assurance say the project no follow so we need to Stay away from this kind  of projects.

Saw a recent post where about 62 investors lost 2 million dollars from an investment platform where the Annual Percentage Rate (APR) was so high and seems good to be true, the team behind the platform was caught and arrested though but it's vital for investors to detect when something goes unusual for their betterment.

Stay away from DeFi platform or any investment company that promises high APR, it's a set-up for trap newbies.

[Joy- maker]

You fit still avoid this things and still not make super money from Bitcoin. Yes it is obvious that you should avoid the things you mentioned but you should not put things into people's mind because some people can think when you avoid this things you will become rich.

Basically your success and wealth in Bitcoin is determined by your
Capital: what you are investing, it could be huge or gradually but let it be consistent

Securing your capital: as your capital is important so is how you secure that capital.

Long term holding: this one is self explanatory.

I agree with you @BIT-BENDER, someone who is investing in bitcoin can avoid all this things he highlighted and still end up not make money from bitcoin talk more of making super money as he said.

To be successful in your bitcoin investment first of all you need to have a source of income to enable to map out your discretionary income to be buying consistently using the DCA method that common among us, and remember you can only make reasonable profits from bitcoin if you can be able to accumulate a good portion of bitcoin and hold for long term, less say 4 to 10 years or longer.

Secondly you need to secure your bitcoin very well, because the security of your bitcoin's matters alot, and always remember this don't store your bitcoin's in a centralize exchange like bybit, binance and so on, because if you store your bitcoin's in a centralize exchange it's not coin, not your wallet, and not your key so get a custodial wallet and store your bitcoin's yourself.

[Asiska02]

* bitcoin investment scam: This one no be Bitcoin investments and ee get some  promises way them dey make way be say we self go see am say the promise too good to be true, only thier promises self fit give us assurance say the project no follow so we need to Stay away from this kind  of projects.

If you don dey this crypto space for quite a long time, you suppose know when bitcoin investment scams dey showcase themselves as been the best investment platform for bitcoin. Anybody wey don sabi this forum and don learn well the right way, them suppose know say no any other investment platform for bitcoin be the best aside make you self get your own full control of your bitcoin with your non-custodial wallet and your seed phrase dey save with you without any third party getting access to am.

* short term trading: These one na  very difficult game way person no supposed put body, so I no fit  recommend this to anybody. Because this one no dey waste time dry person most of this speculators lose all their money quickly, trading just dey like predicting human behavior and we know how difficult it is to predict human behavior this is why we gats avoid am too.

Trading no be prediction place and anyone wey they see am like that no either get idea about am or just wan blindly trade without knowing the actual situation of it. Trading dey very controversial and no be something wey if you just come into crypto you go just wan jump into, you need to take your time to learn and become a good trader before you go begin trade.

[rachael9385]

Noted, although avoiding all of these doesn't guarantee making super money from Bitcoin. The knowledge you have and the amount of capital you are investing are also factors that are important in making good money from it. Almost every one knows that short term investments don't profit much in Bitcoin, you can do that with altcoins but they are not as solid as Bitcoin due to their high volatility. Bitcoin investment requires patience

[Smartvirus]

You fit still avoid this things and still not make super money from Bitcoin.

Na here you talk am finish my brother. Watin even be super money or where that idea cef dey come from. Making super money in Bitcoin… make we Dey take am easy with ourselves on this thing o, make person no con avoid everything, carry everything en get put for Bitcoin and after waiting a couple of years, e no see any super money for anywhere.

Bitcoin na currency o, currency way fit serve as asset and while e still Dey serve this dual purpose, people Dey take opportunity hodl am to amass value but, no go think say, na there your wealth go come from. Have an open mind towards am the way you Dey get for any investment.

[CryptoHeadlineNews]

solution:

We need to believe in the long term viability of the technology and of the power Bitcoin has to change our society. If you are a real believer you will buy Bitcoin (Hold it in your own wallet where you control the private keys not anyone else) and you will hold for the long term [ 10 years or more. ] Rather than looking for short cut to success.

Here is the little advice I have to offer, and I believed there are still more that need to be mentioned here, so I would also like to hear your advice regarding this issue.

In addition to the solution wey you just gave above, another vital advice me I go fit also give in other to make cool profit from your Bitcoin investment over time na to avoid ever keeping/storing your funds on exchange wallets, because money kept on exchange, you actually have no control over it, and you stand a chance of losing it if eventually the exchange get hacked. And as such, it's best you prioritize storing your funds on non custodial wallets where you own the private key to it, while anticipating to hold it for long term. Since Bitcoin has the probability of increasing in value over time.

[Dr.Bitcoin_Strange]

Making a whole lot of money in Bitcoin is determined by two things which I learned before now, the first one is to invest a huge amount into Bitcoin and the second one is to hold your coins until a bull season. Bull season normally occurs after every Bitcoin halving, which means that if you have been buying Bitcoin after every bull season unto the next bull season, you will make a huge profit depending on how much you have invested.  Never forget that profits is ranked based on your capital.

Next is, how do you succeed in your Bitcoin investment journey? You do that by investing the amount you can be able to hold for that duration of 4 years, don't go ahead to invest more than you can handle and when the price of Bitcoin start to fall, you are scared and wants to sell. Don't be like that.

[SatoPrincess]

The way you dey talk this thing e come belike say na 10 keys to success type of motivation. Like BIT-BENDER talk you fit avoid scammers and still no make the kind money way you dey find for bitcoin. Na how much bitcoin you buy and how long you hodl na go determine the “supper rich” way you go become.

[Cryptoprincess101]

OP e for dey more presentable if to say you put your heading as things wey person fit avoid in order to become a successful bitcoin investor but not about being super rich in bitcoin investment and this thing na really very wrong impression because most people dey enter into bitcoin investment now with the idea say e go make dem super rich when in reality me and you know say no be so e be. If we say make we check statistics of bitcoin investors for the country you go see say many people wey dey call themselves bitcoin investors get less than $1000 worth of bitcoins for their portfolio so tell me how bitcoin wan make such person super rich even if the price of bitcoin hit $500k. Make we no dey carry dat mentality say we go become rich take enter to invest in bitcoin because na volatile asset be dat wey be say we fit dey think say the price go continue to go up but one thing fit just happen now and the price begin to fall, so in that case pesin wey been carry all his mind put for there go don get BP.

[Shadiq]

Although no amount of caution or action in Bitcoin investing guarantees success. However, you can increase your chances of success by taking precautions and taking the right steps to reduce the chances of failure.

• You must refrain from investing with the necessary money.
• You must have a prudent source of income.
• You must be free from the temptation of short-term profits.
• You must be patient in planning for the long term.
• You must refrain from falling into the trap of fraudsters in the temptation of making a lot of money.
• You must always keep your wallet safe and secret.
• You must always be aware of the use of your wallet or try to keep the device offline.
• Most of all, you must be skilled in investment management and risk management.

I think if you can take these precautions and steps, your chances of success from Bitcoin investing in the long term will increase. Still, you can never be risk-free.

[EluguHcman]

* bitcoin investment scam:

* cloud mining:  

* short term trading:

OP how does these maximizes investment profits? Any tips about scamming awareness has to do with safety. I also want to draw your attention that trading is not the same as investing.
So non of the above offers provisions to super profiting on Investment as you tend to.

If you want to make super profits in Bitcoin investment then you have to be buying aggressively depending the rate of your discretionary incomes. And definitely must have accumulated a lot of values in your portfolio and Hodls in the long term.
And your state of controlling your emotions so that you don't get tormented with FOMO and the market sentiments should also be considered as part of the tips if you must secure a super position in the Bitcoin market to maximize your profitablity.

[Out of mind]

I believe that you have given some necessary and significant advice that is really useful for every person. Yes, we should avoid all these things because nowadays in the digital world, there are many scams and scams where people almost lose their money to scammers. That is why we should trust and believe in Bitcoin, trading is not profitable at all, rather it is mostly harmful, that is why long-term investment is the most profitable. The shortcut key to success is to invest in Bitcoin for more than 10 years, it will give a good return, and from here a person will find his financial success. Moreover, investing in Bitcoin for a long time and keeping the wallet keys safe so that it remains private.

[ejikeme24]

OP e for dey more presentable if to say you put your heading as things wey person fit avoid in order to become a successful bitcoin investor but not about being super rich in bitcoin investment and this thing na really very wrong impression because most people dey enter into bitcoin investment now with the idea say e go make dem super rich when in reality me and you know say no be so e be. If we say make we check statistics of bitcoin investors for the country you go see say many people wey dey call themselves bitcoin investors get less than $1000 worth of bitcoins for their portfolio so tell me how bitcoin wan make such person super rich even if the price of bitcoin hit $500k. Make we no dey carry dat mentality say we go become rich take enter to invest in bitcoin because na volatile asset be dat wey be say we fit dey think say the price go continue to go up but one thing fit just happen now and the price begin to fall, so in that case pesin wey been carry all his mind put for there go don get BP.

You made a valid point @ Cryptoprincess10. And yeah,  the stash of bitcoin we have in our portfolio will determine if the dream will come through or not, just as you said about those guys who have been proclaiming of being a bitcoin investors when they're not worthy to be called investors" because some person's did not own single portion of bitcoin, this set of people is just a lover of bitcoin they're not worthy to be called investors" yet they will be going around proclaiming that they're one, While some guys can only invest halfway hoping that the little they have accumulated is going to multiply 60-70x  the amount they invested. This is a wrong mindset, you don't expect to get 60-70x the amount when you have not even gotten to the middle of your accumulating journey, is very wrong for a low coiner to be having this kind of mindset when they're supposed to maintain the ongoing buying of bitcoin until they get to the status of overaccumulation and then, hold it for like 4-10 years to get matured Before they will be attempting to sell some portion of thier holdings.

[sotelorene]

People use to say that experience is the best teacher but I don't think it is in everything because there are some experience one will have, that person will forever remain in that state because there won't be means to start all over again but there are also some experience that if you don't have it you won't wake up from your slumber, some experience will make one to be more wiser, more careful and sometimes even work more hard depending on individual and the kind of experience. What I'm saying In essence is that sometimes if we don't get scammed we won't know the effect I mean how it feels but not all experience is worth it.

[Agbe]

* cloud mining:  almost all of these are scams as alot of people don also experience am so we gats avoid these like the plague.

* short term trading: These one na  very difficult game way person no supposed put body, so I no fit  recommend this to anybody. Because this one no dey waste time dry person most of this speculators lose all their money quickly, trading just dey like predicting human behavior and we know how difficult it is to predict human behavior this is why we gats avoid am too.

Cloud mining is one scam that alot of person's has fallen victim to and this is one thing that people should be careful with because one thing that I have seen is that most scammers has re-sorted to using fake crypto farming projects to scam people of their money through tokens and gas fees that are paid during the mining of these so called crypto so to be profitable in this crypto space people should avoid cloud mining as it has not been effective

[Versatile_choice]

* cloud mining:  almost all of these are scams as alot of people don also experience am so we gats avoid these like the plague.

* short term trading: These one na  very difficult game way person no supposed put body, so I no fit  recommend this to anybody. Because this one no dey waste time dry person most of this speculators lose all their money quickly, trading just dey like predicting human behavior and we know how difficult it is to predict human behavior this is why we gats avoid am too.

Cloud mining is one scam that alot of person's has fallen victim to and this is one thing that people should be careful with because one thing that I have seen is that most scammers has re-sorted to using fake crypto farming projects to scam people of their money through tokens and gas fees that are paid during the mining of these so called crypto so to be profitable in this crypto space people should avoid cloud mining as it has not been effective

This is true, however there is this cloud mining platform I came across, at first I was mining for free then when I get to the point of making withdrawal I was ask to pay gas fee through bitcoin before they will give me access to make a withdrawal then I noticed that the platform is scam had it mean I didn't have the idea in the first place I would have just pay the gas fee, a guy that participated in that stuff paid his gas fee then he was permitted to make withdrawal this incident happened some years ago but I want to tell you that the withdrawal transfer is still showing pending till today. if not for the fact that I had a little experience concern this mining stuff I would've also fall victim to those scam.