Bitcoin is not about getting rich fast, do People agree?

[Obulis]

From inception till date, the news of Bitcoin has been a very serious one, the story of I made so so amount of naira from the sales of Bitcoin has always left newbies or would be newbies fantasizing about putting in funds into Bitcoin,
Buy as it stands, someone telling such without really pointing to the high level volatile nature of Bitcoin is just trying to deceive another person. Telling such story without stating the obvious truth of how patience has better tendency in making profit from Bitcoin investment is just deceiving others..
Videos and writing has been so clear about these two points but that didn't in anyway erase the drive for quick gains, however these awareness has changed orientation so that even when hoping for quick gains you know that Bitcoin rewards patience more than quick gains.

On a general ground, get rich quick mentality is really ravaging the society by causing insincerity over almost anything that has to do with money. Trust is already becoming a fairy tale/a fantasy.

[Out of mind]

When the Bitcoin market was booming, many people made huge profits from it and they are still hoping for future profits. Mainly because of inflation in Nigeria, most people are afraid to keep their money in banks, we know that if they deposit Bitcoin rather than keeping money in the bank, there is a hope of higher profits from it in the future. We know that holding Bitcoin will make you profitable in the future but it is not possible to get rich quickly, the Bitcoin market is entering the heights gradually and not quickly. Although people are now looking for shortcuts most of the time but Bitcoin is not like that, rather it is realistic to hold Bitcoin for a long time, rather only the patient people get financial freedom from Bitcoin. The way Bitcoin has become popular and its bright future in the future, we hope that if we can buy Bitcoin from our position and hold them patiently, then it will definitely become valuable for us.

[Mhizlove]

Bitcoin being a get-rich scheme is no longer a question to ask. Many people who have moved into Bitcoin investment have learn that, to be a successful investor in Bitcoin, you must learn to be patient, DCA, and learn to have a long-term investment mentality. Doing other things apart from that, the person wants to lose their investment and other good buying opportunities of Bitcoin at discount prices. As we know, Bitcoin rewards those who patiently wait, not those who survive, cause everyone would survive when the market goes south. But for us that will be patient will smile at the end 

I understand what you're saying, bitcoin has passed the stage of quick money and people who really understand knows that it's all about having patience. This long term and DCA is the real game, if you want it to be clear just get rid of your emotions and stop going after quick profits from bitcoin investment.

Anyone who goes in and out, rush in will lose money or definitely miss alot of chances of buying when the price is down. Bitcoin is not giving anyone a reward to people who lacks patience or panic's alot, because when the market is down it can be endured by many but those people who discipline themselves and have the patience are the ones that will enjoy it's rewards.

[Princess Leah]

Bitcoin being a get-rich scheme is no longer a question to ask. Many people who have moved into Bitcoin investment have learn that, to be a successful investor in Bitcoin, you must learn to be patient, DCA, and learn to have a long-term investment mentality. Doing other things apart from that, the person wants to lose their investment and other good buying opportunities of Bitcoin at discount prices. As we know, Bitcoin rewards those who patiently wait, not those who survive, cause everyone would survive when the market goes south. But for us that will be patient will smile at the end 

I understand what you're saying, bitcoin has passed the stage of quick money and people who really understand knows that it's all about having patience. This long term and DCA is the real game, if you want it to be clear just get rid of your emotions and stop going after quick profits from bitcoin investment.

Anyone who goes in and out, rush in will lose money or definitely miss alot of chances of buying when the price is down. Bitcoin is not giving anyone a reward to people who lacks patience or panic's alot, because when the market is down it can be endured by many but those people who discipline themselves and have the patience are the ones that will enjoy it's rewards.

From the onset, Bitcoin has never been about quick money. Although those who owned it earlier when it was created had the opportunity to own lots of it cheaper cause it wasn't this valuable but those who rushed to sale after it became a little value back then really regretted their actions and learnt that to make better profit, they ought to hold it for longer period.

 Yes, you're right on that, if you rush to take profits when your portfolio ain't due for that then you'll definitely regret cause in the long run you'll discover you lost and would've waited to make more profit in the future. Making good money with Bitcoin is not that difficult, just that some people are not patient enough to get rich.

[Silikiem]

Normally, even in real life today, success doesn’t have a back door or a short cut, you must follow a process to get to your destination. There are those who have followed through the back door to success but at the end of it the story usually turns out sour. Bitcoin investment is truly not an exception to this, it is a long term investment and at such whoever that’s venturing into it must treat it as such, it requires patience and consistency while accumulating and holding, don’t be tempted by the quick profit you might see because tomorrow holds a much bigger one and you might be regretting your actions now in the future when you see the people who you started this journey with doing so well in their investment because of their patience, but due to your desire for a quick profit you couldn’t hold yourself. Take a look at those who started accumulating and investing in bitcoin 6-7 years ago and were able to hold till now you will see that the value of their bitcoin has really skyrocketed even above their expectations. It’s never too late to start now and begin investing and hold for the long term purpose because one thing is for sure that the price value of bitcoin will continue to increase even though it goes down at some particular point in time.

[Tungbulu]

 Yes, you're right on that, if you rush to take profits when your portfolio ain't due for that then you'll definitely regret cause in the long run you'll discover you lost and would've waited to make more profit in the future. Making good money with Bitcoin is not that difficult, just that some people are not patient enough to get rich.

Every investor should have an investment plan and goal, and when it’s something as volatile as Bitcoin, that goal should always be long term. And this is something that the early investors of Bitcoin didn’t understand yet since Bitcoin was still relatively new pretty much still in the testing phase back then. But right now, there are several theories about Bitcoin that can serve as an eye opener for new investors to make them have better understanding about Bitcoin, so now it’s left for them to learn from other success stories and historical evolutions of Bitcoin or to ignore and make the same mistakes that the old investors made back then.

[Johnlomape]

I believe this is the question in the minds of many Nigerians. In the beginning, most people arrived at Bitcoin with the hopes of making a quick buck. Some benefited from the bull market and many were disappointed with the sudden change in price. With these experiences, people have slowly become realistic.

Due to inflation in Nigeria, the devaluation of the naira and banking restrictions, people are now beginning to view not only Bitcoin as a profit, but also as a security. When the value of your money is decreasing every day, it becomes more important that you hold on to something for the future rather than get rich quick. Yet the truth is that the get rich quick mentality is still out there. Especially among the young, there is more pressure, less jobs, more responsibilities. So they look for shortcuts. But Bitcoin doesn't like shortcuts. It is patience, consistency and a learning mindset that is real here.

In my personal opinion, many people are now beginning to understand that Bitcoin is not magic. It takes time, it teaches, and rewards those who can survive. The conversation is slowly shifting. From Getting Rich Quick to The Rich Future. And that's where the true value of Bitcoin is.

Bitcoin is not about getting rich to the person that is broke and poor that can not afford to buy up to 1 BTC. This talk is for the poor Nigerians that are struggling and worrying the government to increase their salaries.

For those that are rich and have the money to spend on anything they like, Bitcoin investment is for the reach because they can buy any amount of Bitcoin that they want. Since we are in the bear market like everyone has been saying, those that have small Bitcoin are the ones that can be complaining about Bitcoin is moving well but for that have large holdings of Bitcoin, small movement in the price can give them huge profits at the comfort of their home.

[Rockson1]

Different investment with different concept, Bitcoin invest do more on gradually process and we know things that trigger this investment, we know that there factors we must consider as we invest in Bitcoin,. something like volatility, fluntuation and so on, the problem with most people and the reason they fail while investing in Bitcoin is that, they don't want to go though some stages, they want get rich as soon the start investing but that is almost impossible, every Bitcoiner should have a target but one thing we must know is that, such target must not work in line with short time expectations, once I get involved in discussion with anyone about Bitcoin, don't be too inquisitive to make fast profit will always be among the first thing I will say, because I know humans, we are good at misunderstanding things they way it will favour us, Bitcoin is for the future, so once we invest our plans should be focused on the future.

[PremiumcryptoHub]

This is the question that all of us Nigerians may have and many Nigerians might be interested to know why this currency is not a get-rich-quick option. However, it is true that people are now choosing Bitcoin due to inflation in Nigeria and the devaluation of the local currency Naira, but even then it should be understood that this electronic currency is not a get rich quick. OP, try to understand that no matter how much pressure is on the youth and the jobs are scarce, they should not expect to become self-sufficient quickly by investing in this digital currency, that is, they should not try to get rich quick because it is very challenging to succeed in this Bitcoin investment in a short time. So it is right that we can buy Bitcoin with our Naira as per our means and hold it for the future in the hope of profit.

[Lembo69]

It is possible to get rich quickly in Bitcoin if your luck is with you and the price of Bitcoin is high. However, young people cannot survive Bitcoin as a way to get rich quickly. The reason is that no one knows when the price of Bitcoin will decrease and when it will increase. If they have a job crisis or they are under family pressure, then they should first look for a job. After that, they can invest for long-term goals.

Many people currently consider Bitcoin as a shortcut to getting rich. But Bitcoin is not a shortcut to getting rich. Rather, Bitcoin investment is a matter of patience. An investor becomes stable in the market only when he is patient and invests. Finally, let me say again that Bitcoin is not a currency to get rich quickly.

[fredericktaylor]

It is possible to get rich quickly in Bitcoin if your luck is with you and the price of Bitcoin is high. However, young people cannot survive Bitcoin as a way to get rich quickly. The reason is that no one knows when the price of Bitcoin will decrease and when it will increase. If they have a job crisis or they are under family pressure, then they should first look for a job. After that, they can invest for long-term goals.

Many people currently consider Bitcoin as a shortcut to getting rich. But Bitcoin is not a shortcut to getting rich. Rather, Bitcoin investment is a matter of patience. An investor becomes stable in the market only when he is patient and invests. Finally, let me say again that Bitcoin is not a currency to get rich quickly.

What can be achieved very quickly in life will be lost very quickly, wise people say that whatever knowledge or money you achieve in life, by gradually achieving it, its foundation becomes very strong and hard that no one can destroy it and it does not end very easily.

Bitcoin does not work to get rich quickly, you have to buy Bitcoin consistently with a long-term plan and by holding it patiently, the investor can benefit. If you buy Bitcoin with the hope of getting rich quickly, then your investment may facing losses. Gain proper knowledge about Bitcoin before investing, so it will be much easier to hold Bitcoin for the long term with confidence.

[abaeze]

Over the years, inflation in Nigeria and the devaluation of the local currency, the Naira has become unbearable for people. Since Bitcoin has an intensive value and acts as a hedge against inflation, currency devaluation and corruption around the world, investing in Bitcoin is safer than any other coin because its adoption is increasing all over the world and it is also acting as a reserve currency in various countries of the world.

But in our country, inflation and the devaluation of the local currency Naira is very high, so new and young investors are leaning towards Bitcoin and want to keep all their investments in one place. But one thing I always say is that you should not expect to become self-sufficient quickly by investing in digital currencies because the price can drop by 30% to 40% in a short period of time due to excessive volatility. So investing in Bitcoin in a short period of time and being successful in the investment is very challenging.

[ejikeme24]

Whether people agree or not, the fact remains that Bitcoin is not a get rich quick scheme so believe it or you leave it. One of the major problem about most people is, they don't even know the difference between Bitcoin and shitcoin since Bitcoin falls under cryptocurrency so they assume that they are one not knowing that Bitcoin operates on it's own . That is why whenever I'm recommending someone into crypto investment I'm always specific so that they won't mistake Bitcoin to shitcoin. Because it is only shitcoin investment that can make one to be rich within a short term and also make one to loss everything within a short term.

[icebar]

Bitcoin has proven that people have started using Bitcoin not only for financial stability but also to maintain the value of the currency. In this concer it is a big achievement of Bitcoin. People are trusting Bitcoin even though they use gold or something else to maintain the value of their assets. Starting from the current generation, the next generation will accept Bitcoin. It not only works to get rich quickly but also works to protect their assets from inflation.

Bitcoin should not be considered a get rich quick scheme. Those who invest with confidence in it can definitely expect good returns from Bitcoin in the long term. Those who invest in it only to get rich quickly without knowing about Bitcoin will have a higher chance of loss than gain.

[Callido]

In my personal opinion, many people are now beginning to understand that Bitcoin is not magic. It takes time, it teaches, and rewards those who can survive. The conversation is slowly shifting. From Getting Rich Quick to The Rich Future. And that's where the true value of Bitcoin is.

Every investment has its time and season to do well. Bitcoin is the same as other investments that deal with volatility. Investors are capable of making profits in a short period, we saw how quickly the market moved from within the range of $60K up to $123K under months, which we can see as a short period considering the 4-5 years interval majority of investors see as long term. Within that short period, lots of profits have been made just from holding, I think profits can be made from short term investment, but long term approaches generate massive profits compared to short term.

[Mayor of ogba]

In my personal opinion, many people are now beginning to understand that Bitcoin is not magic. It takes time, it teaches, and rewards those who can survive. The conversation is slowly shifting. From Getting Rich Quick to The Rich Future. And that's where the true value of Bitcoin is.

Actually Bitcoin is not a get rich scheme, but an investment that involves patience and perciverence. Just that some people are inpatient and lacks basic understanding about Bitcoin, anybody with full knowledge about Bitcoin will never invest and expect or hope for quick return. Bitcoin definitely needs time and a long duration of time to be able to make profit.

Yeah, bitcoin isn't a means to get rich quickly, and that's the main reason why we should always use the money we can afford to lose or discretionary income to invest in bitcoin so that we can be patient enough to hold our bitcoin for a full circle or more for us to have a good opportunity of getting the profits that will give us financial freedom.

[Mpamaegbu]

Na true, d whole idea of Bitcoin nor be about getting rich quickly, at least from wetin Satoshi bin talk. However, d matta nor be like dat today as na dat rush to hammer com even drive us enta Bitcoin. For me, na wetin capture my interest be dat d first time wey I hear about Bitcoin for late 2016. My mindset na to invest and then reap betta ROI from am. Na so I begin search everywhere to get information on Bitcoin before I com land here. D rest na history now. I nor go blame anybody wey dey believe sey making money na d koko wey make dem enta dis crypto industry. If making money nor dey things e dey hardly drag attention. Na so e bi.

[DaNNy001]

The whole idea about Investing if investing in bitcoin should be about making generational wealth but in a slow pace..those that try to make bitcoin a ponzi scheme end up losing their coins either to scams or other things..without patience it is impossible to hold Bitcoin, this isn't a way to get quick money but it is definitely going to give you good profit if you are patient enough to hold for a long term

[Hustle2025]

Bitcoin is not about get rich quick scheme, rather it is a practice, a skill, a venture and a life transforming process.
Though some people believed that bitcoin is a quick way to make money 💰 without considering the risk and uncertainties involved in bitcoin investment. Most persons go into bitcoin investment with the mindset that they will get rich quickly, but faced the a big disappointment when they have the risk and uncertainties associated with bitcoin investment to overcome.
In recent time people have come to the realisation that bitcoin is not completely the way they think it is, but it' is a process through which one can grow future finance.

[Sulegzy39]

I understand and believe with that, don’t hopeful your self to get reach quick in bitcoin investigation because it might rise and fall do not expect to much from bitcoin in the long time or the short time excessive expectations can disappoint you. But with patient if you invest in bitcoin by the time is getting low it will favor you keep person because there’s nothing good come easily you have to keep patient to see the result

So it is possible to make quick money in crypto but is not possible to get rich quick some didn’t  even understand bitcoin that is why they always think they can get rich quickly investment in bitcoin everyone knows that bitcoin investment is a very good investment but always knows that it will increase and decrease every second.