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

[Achalugo BTC]

Having such mindset towards Bitcoin investment is not good , Bitcoin investment is not a get rich quick scheme , where you put a certain amount and get the result immediately, that is not Bitcoin investment, with Bitcoin you need tolerance , you need discipline, you need to be consistent, ,so the worst that can happen is having the mindset that once you invest today by tomorrow you are already a millionaire, you need the right mindset and focus on the future goal .

By now, people should be aware that investing in Bitcoin doesn't really guaranteed quick profit, meaning that one can't just get rich through investing in Bitcoin, just as you highlighted, its totally needs determination, discipline, patience and consistency for one to grow and achieve their success. Which is why its advised that one should have other sources of income, which can be supporting them in terms of emergency, while they patiently wait for their investment to be due or mature.

[Derekfunds]

Having such mindset towards Bitcoin investment is not good , Bitcoin investment is not a get rich quick scheme , where you put a certain amount and get the result immediately, that is not Bitcoin investment, with Bitcoin you need tolerance , you need discipline, you need to be consistent, ,so the worst that can happen is having the mindset that once you invest today by tomorrow you are already a millionaire, you need the right mindset and focus on the future goal .

By now, people should be aware that investing in Bitcoin doesn't really guaranteed quick profit, meaning that one can't just get rich through investing in Bitcoin, just as you highlighted, its totally needs determination, discipline, patience and consistency for one to grow and achieve their success. Which is why its advised that one should have other sources of income, which can be supporting them in terms of emergency, while they patiently wait for their investment to be due or mature.

Yea, Bitcoin investment doesn't guarantee quick profit and yet traders has a different view and mindset and I believe this view and mindset is that they can become or get rich in Bitcoin within a short period of time and somehow some of them still make it through trading I mean there people that are making money in trading till tomorrow not that they don't make loss they do yet they keep pushing but anyone who can not afford to lose should go into investing because no matter the volatility you won't lose anything so long as the price will bounce back.

[Tungbulu]

Yea, Bitcoin investment doesn't guarantee quick profit and yet traders has a different view and mindset and I believe this view and mindset is that they can become or get rich in Bitcoin within a short period of time and somehow some of them still make it through trading I mean there people that are making money in trading till tomorrow not that they don't make loss they do yet they keep pushing but anyone who can not afford to lose should go into investing because no matter the volatility you won't lose anything so long as the price will bounce back.

Normally, people do earn from trading and there is a difference between traders and investors. Which is people are to go for the one they are capable of doing, either trading or investing, which they are to understand the potential risks in involved, will help them to make informed decisions that they won't later feel regret and disappointed. That is why they should never be in a hurry to take action on their decision for the sake of their mental wellness.

[Somto9Light]

Bitcoin is not profitable for those who choose to get rich quick because investing in Bitcoin in the short term increases the possibility of loss. To invest here, the investor has to invest for the long term with caution. There are some investors who start their investment with the aim of holding it for the long term but at one stage they lose patience and give up the investment before reaching the set goal. The volatility of Bitcoin is very high which is why many consider it suitable for trading but if we analyze the long-term results, then the losses of traders are high. A long-term holder holds Bitcoin and for this he does not have to be under any pressure, while those who trade have to go through constant risks.

People should get that mindset before they invest in Bitcoin, so that they won't later be feeling disappointed and regretting that things are not going the way they anticipate about it. So, people should be get the full details of investing in Bitcoin and how to go about it, because not everyone are capable of undergoing stress, especially when it involves with the minds. So that they will be sure of what they are doing and also to protect their wellbeing.

[Byebyebtc]

Well actually Bitcoin isn't a get rich quick, scheme

But most Nigerians still take it that way because of the situation of the country,
In a country where things are hard and they hear about something that can actually give you money, they will go for it and will definitely want to extract money from it

The only ones who has settled for the belief that Bitcoin is a long term reward activity are those who have been long enough, or those who have been humbled by the Bitcoin market, if not most people will still be hyped about making quick money from Bitcoin, especially what it in a rally

[Johnlomape]

Yea, Bitcoin investment doesn't guarantee quick profit and yet traders has a different view and mindset and I believe this view and mindset is that they can become or get rich in Bitcoin within a short period of time and somehow some of them still make it through trading I mean there people that are making money in trading till tomorrow not that they don't make loss they do yet they keep pushing but anyone who can not afford to lose should go into investing because no matter the volatility you won't lose anything so long as the price will bounce back.

Normally, people do earn from trading and there is a difference between traders and investors. Which is people are to go for the one they are capable of doing, either trading or investing, which they are to understand the potential risks in involved, will help them to make informed decisions that they won't later feel regret and disappointed. That is why they should never be in a hurry to take action on their decision for the sake of their mental wellness.

Na true say different dey between trader and investor but people need to know say they no need to dey too seriously about mata way involve sharp sharp money. Money na something wey we wan get wen we trade but because of many factor wey fit make us not to make the kind money we dey find. The ealy time we remember say we no fit make fast money for crypto, the better we no go fall victim for the matter. Many people wey dey enter crypto now dey always think say they go become rich but no be so e supposed dey like this.
Everything supposed to be gradually and we no supposed loud am.

[SPIDERMAN008]

Yea, Bitcoin investment doesn't guarantee quick profit and yet traders has a different view and mindset and I believe this view and mindset is that they can become or get rich in Bitcoin within a short period of time and somehow some of them still make it through trading I mean there people that are making money in trading till tomorrow not that they don't make loss they do yet they keep pushing but anyone who can not afford to lose should go into investing because no matter the volatility you won't lose anything so long as the price will bounce back.

Normally, people do earn from trading and there is a difference between traders and investors. Which is people are to go for the one they are capable of doing, either trading or investing, which they are to understand the potential risks in involved, will help them to make informed decisions that they won't later feel regret and disappointed. That is why they should never be in a hurry to take action on their decision for the sake of their mental wellness.

Many people first decide whether to trade or invest and then proceed according to that identity. In this case, I would say that before spending money on Bitcoin, investor should first understand their goal. If the goal is to make Bitcoin an asset, trading works against it. Because then someone will get stuck in buying and selling Bitcoin instead of regular accumulation, then they will move away from their normal Bitcoin buying.

And if someone's financial condition is very good, then they have the ability to take small and big risks, then they can trade with more risk just to learn or to make a profit in the short term. However, in the case of Bitcoin, trading is completely incompatible. Still, the matter is a matter of personal freedom.

[Tungbulu]

Na true say different dey between trader and investor but people need to know say they no need to dey too seriously about mata way involve sharp sharp money. Money na something wey we wan get wen we trade but because of many factor wey fit make us not to make the kind money we dey find. The ealy time we remember say we no fit make fast money for crypto, the better we no go fall victim for the matter. Many people wey dey enter crypto now dey always think say they go become rich but no be so e supposed dey like this.
Everything supposed to be gradually and we no supposed loud am.

I don observe say wetin dey really worry plenty people wey just enter the crypto space na impatience. I mean, how person go just wan enter crypto today today and you wan pack all the millions before the end of the week. Even ritual money no dey even come that fast self. Whether you be trader or investor, you still need to get better patience then follow am up with better discipline, then get better mindset and goal/target for wetin you dey do. Even people wey dey trade dey also get long term vision self, this na people wey really understand say no quick money anywhere, so them they patiently work first to develop their skills rather than develop their earning and profits.

[Mr_Brilliant$]

Having such mindset towards Bitcoin investment is not good , Bitcoin investment is not a get rich quick scheme , where you put a certain amount and get the result immediately, that is not Bitcoin investment, with Bitcoin you need tolerance , you need discipline, you need to be consistent, ,so the worst that can happen is having the mindset that once you invest today by tomorrow you are already a millionaire, you need the right mindset and focus on the future goal .

By now, people should be aware that investing in Bitcoin doesn't really guaranteed quick profit, meaning that one can't just get rich through investing in Bitcoin, just as you highlighted, its totally needs determination, discipline, patience and consistency for one to grow and achieve their success. Which is why its advised that one should have other sources of income, which can be supporting them in terms of emergency, while they patiently wait for their investment to be due or mature.

I grab your point normal, and e really make sense..   Bitcoin nor be one of those quick money schemes wey people dey think..  Many people enter with wrong mindset, expecting fast profit, then dem go panic once market no move their way…

Truth be say, e really needs patience, discipline and strong mind.. If you nor get waiting dey support you financially, pressure fit make you sell early or take bad decisions..   That is why having another source of income na very smart move, so you fit relax and allow your investment grow without fear..

Last last, na long term game… nor be who rush pass, na who understand the game and stay consistent go really benefit…

[Achalugo BTC]

Yea, Bitcoin investment doesn't guarantee quick profit and yet traders has a different view and mindset and I believe this view and mindset is that they can become or get rich in Bitcoin within a short period of time and somehow some of them still make it through trading I mean there people that are making money in trading till tomorrow not that they don't make loss they do yet they keep pushing but anyone who can not afford to lose should go into investing because no matter the volatility you won't lose anything so long as the price will bounce back.

Exactly, this investment of a thing is not for everyone self, which people are to engage in what they know they are capable of handling, without having or fighting with their emotions all the time, which might even affect their health. That is why people are to understand how the market works, before they can conclude on their decision, because whatever decision they make without proper consideration or information can affect their investment, leading them into experiencing losses, which they are going to end up being disappointed because the market did not turn out to be what they are expecting.

[Btcdeybodi]

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.

Most Nigerians always like any investment that promises quick returns within a short period of time but of all those projects, they have all later become scam projects and ponzi schemes. In the past, many people see bitcoin as another ponzi scheme which made them become afraid of falling victim again by investing in it but not until people now started seeing the reality of bitcoin that it is not something you invest in and start expecting profits within a short period of time.

I have come to realize that the major reason why people get scammed is as a result of believing in short term projects, they see long term projects as a waste of time but they don't know that those are the places that the treasure is. Bitcoin is a long term project so those who are investing should also have a long term target. If bitcoins are continuously accumulated, even if you don't make a lot of profits in the future but you will definitely be rich with the amount you have accumulated in your portfolio.

[Fiasem20]

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 investment is known as not a get quick rich scheme investment,but due to pressure from the society the youths are taking bitcoin investment the other way round, just like you said bitcoin price movement isn’t magic that would start growing rapidly all because you got into the market newly.You’re expected to exercise patience or if you can’t exercise patience there’s another means to make quick profits through “trading” which I don’t recommend because it isn’t an easy task.It’s more preferable you hold your coins for the long term and reap the benefits of a long term goal.

[icebar]

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 investment is known as not a get quick rich scheme investment,but due to pressure from the society the youths are taking bitcoin investment the other way round, just like you said bitcoin price movement isn’t magic that would start growing rapidly all because you got into the market newly.You’re expected to exercise patience or if you can’t exercise patience there’s another means to make quick profits through “trading” which I don’t recommend because it isn’t an easy task.It’s more preferable you hold your coins for the long term and reap the benefits of a long term goal.

To profit from Bitcoin investment, investors should definitely be encouraged to invest in the long term because only those who can maintain long-term investment will benefit the most from Bitcoin. Short-term investment will increase the possibility of loss. Some people give more importance to trading than holding, they think that trading for quick profits will be very effective for them, but in reality, trading will keep the user under more pressure. It is possible to be profitable from trading, but in this case, the investor must take into account the risk. In the long term, the amount of wealth of a holder is higher than a trader. Although Bitcoin cannot be considered a quick scheme for income, it is certainly possible to get big returns if held in the long term.

[Stormisover]

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 investment is known as not a get quick rich scheme investment,but due to pressure from the society the youths are taking bitcoin investment the other way round, just like you said bitcoin price movement isn’t magic that would start growing rapidly all because you got into the market newly.You’re expected to exercise patience or if you can’t exercise patience there’s another means to make quick profits through “trading” which I don’t recommend because it isn’t an easy task.It’s more preferable you hold your coins for the long term and reap the benefits of a long term goal.

Some people who gets in to Bitcoin for a quick money scheme never had time to really understand what Bitcoin really is and they are poorly oriented about Bitcoin and thinks they can get quick money from it, you are right people who enters the market newly will be expecting Bitcoin to move so rapidly because all they want is the quick money not knowing Bitcoin doesn't work like that, trading is risky anyone getting in to it should be aware of the potential risks involved, investing is much better and less risky even though it requires patience and commitment.

[RockBell]

Having such mindset towards Bitcoin investment is not good , Bitcoin investment is not a get rich quick scheme , where you put a certain amount and get the result immediately, that is not Bitcoin investment, with Bitcoin you need tolerance , you need discipline, you need to be consistent, ,so the worst that can happen is having the mindset that once you invest today by tomorrow you are already a millionaire, you need the right mindset and focus on the future goal .

By now, people should be aware that investing in Bitcoin doesn't really guaranteed quick profit, meaning that one can't just get rich through investing in Bitcoin, just as you highlighted, its totally needs determination, discipline, patience and consistency for one to grow and achieve their success. Which is why its advised that one should have other sources of income, which can be supporting them in terms of emergency, while they patiently wait for their investment to be due or mature.

By now they should have understood that when you start to invest in bitcoin it should be that you are invest for a long time time and this is why is is important for us to.know that if you know you are not patient enough then it should not be something you should be worrying Your self about because it is only when you hold for a long time that you will.know that it is very important to be patience it is not just about the money alone there are other factors that we need to consider before buying because that is the only way we won't buy and then we sell without making profit.

And people need to start from somewhere it is important that we know what we are going into first so that we don't sell early that is one way and another thing is that we have to be ready and then that way we are going to know that we are not selling any time soon, and the focus point is going to be to accumulate and when you have made enough profit then you can actually sell so this are just strategies to build a good portfolio.

[Achalugo BTC]

I grab your point normal, and e really make sense..   Bitcoin nor be one of those quick money schemes wey people dey think..  Many people enter with wrong mindset, expecting fast profit, then dem go panic once market no move their way…

Truth be say, e really needs patience, discipline and strong mind.. If you nor get waiting dey support you financially, pressure fit make you sell early or take bad decisions..   That is why having another source of income na very smart move, so you fit relax and allow your investment grow without fear..

Last last, na long term game… nor be who rush pass, na who understand the game and stay consistent go really benefit…

Exactly, if person no get mind, make them comot body o because this Bitcoin of a thing no be for the weak o, which person no suppose carry am play, but gats to be determined and serious about am, na why people need to understand how the thing dey, before they fit dey make decision, so that they no go make decisions wey go later result in regrets and disappointment, and also Bitcoin no dey guarantee one quick profit, the earlier people understand that, the better for them because most people dey enter this investment in Bitcoin for the quick profit, which e no dey work like that.

[yixichloro2xx]

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 investment is known as not a get quick rich scheme investment,but due to pressure from the society the youths are taking bitcoin investment the other way round, just like you said bitcoin price movement isn’t magic that would start growing rapidly all because you got into the market newly.You’re expected to exercise patience or if you can’t exercise patience there’s another means to make quick profits through “trading” which I don’t recommend because it isn’t an easy task.It’s more preferable you hold your coins for the long term and reap the benefits of a long term goal.

To profit from Bitcoin investment, investors should definitely be encouraged to invest in the long term because only those who can maintain long-term investment will benefit the most from Bitcoin. Short-term investment will increase the possibility of loss. Some people give more importance to trading than holding, they think that trading for quick profits will be very effective for them, but in reality, trading will keep the user under more pressure. It is possible to be profitable from trading, but in this case, the investor must take into account the risk. In the long term, the amount of wealth of a holder is higher than a trader. Although Bitcoin cannot be considered a quick scheme for income, it is certainly possible to get big returns if held in the long term.

For someone to be successful in Bitcoin investment through long term holding, they need to have the right mindset and patience. Long term holding is more beneficial than short term holding because in long term holding it removes emotions and reduces the need to time the market, which is where many people make mistakes. In Trading there's a lot of stress and panicking attached especially when the market is fluctuating eveytime. Anyone that sees Bitcoin as a quick money making scheme will surely see lots of losses. As a holder when you keep your emotions in check and avoid unnecessary market noise and exercising patience there's a tendency of having a good results in the long run.

[Cyber_warrior]

Having such mindset towards Bitcoin investment is not good , Bitcoin investment is not a get rich quick scheme , where you put a certain amount and get the result immediately, that is not Bitcoin investment, with Bitcoin you need tolerance , you need discipline, you need to be consistent, ,so the worst that can happen is having the mindset that once you invest today by tomorrow you are already a millionaire, you need the right mindset and focus on the future goal .

By now, people should be aware that investing in Bitcoin doesn't really guaranteed quick profit, meaning that one can't just get rich through investing in Bitcoin, just as you highlighted, its totally needs determination, discipline, patience and consistency for one to grow and achieve their success. Which is why its advised that one should have other sources of income, which can be supporting them in terms of emergency, while they patiently wait for their investment to be due or mature.

I don't know why people will just assume something without not properly verifying of what they believe is true. Bitcoin investment doesn't guarantee anything, it doesn't even guarantee profits so relying on quick profits is even more ridiculous because the asset you expect quick profits from has a long term fundamental nature where it grows in value with time and also volatile in nature where the price is always fluctuating. I think for some ignorance and negligence is the reason why they think Bitcoin is a quick money making platform where they put money and expect quick profits. Understanding Bitcoin will make you know that Bitcoin is far more than what they think is is, it is it's an asset for the future and the faster people know this the better.

[Sonia_123]

Bitcoin is all about getting rich slowly since it is a long-term investment that yields its profit with time slowly and not rush. Bitcoin cannot give you the kind quick money you are expected to get within a short period of time, because it grows with time not instantly.

Bitcoin was created mainly to control inflation and help to bring financial freedom, therefore investing in it gives you the opportunity to be totally free from  financial constrains as you emback on a long term investment and also free from traditional banking problems.

[Kelward]

Yea, Bitcoin investment doesn't guarantee quick profit and yet traders has a different view and mindset and I believe this view and mindset is that they can become or get rich in Bitcoin within a short period of time and somehow some of them still make it through trading I mean there people that are making money in trading till tomorrow not that they don't make loss they do yet they keep pushing but anyone who can not afford to lose should go into investing because no matter the volatility you won't lose anything so long as the price will bounce back.

Normally, people do earn from trading and there is a difference between traders and investors. Which is people are to go for the one they are capable of doing, either trading or investing, which they are to understand the potential risks in involved, will help them to make informed decisions that they won't later feel regret and disappointed. That is why they should never be in a hurry to take action on their decision for the sake of their mental wellness.

For clarity Bitcoin na for everybody but trading na for professionals wey understand di risks wey de involved but many newbies no understand how trading de go because dem think say na get rich quick scheme. Bitcoin no be like shitcoins wey fit to pump overnight but it you waste time to collect profit you go lose di capital wey you take invest, if you want to succeed for Bitcoin investment you no need to de in a hurry to take profit. Dat na why DCA strategy de recommended for investors so dem no go carry for mind to take profit on di short term. Trading de give quick profit but e de very risky while Bitcoin investment de slow to give profit but e de more reliable because na store of value.