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

[SDS11]

Bitcoin long-term investment, Bitcoin cannot make anyone rich quickly, investing in Bitcoin with the hope of getting rich quickly is very risky. The price of Bitcoin increases gradually, so we should separate the necessary money and buy Bitcoin regularly in small amounts with prudent money and hold it for the long term. The Bitcoin market is always volatile, so the market can go down at any time, so at that time, without getting disappointed, we can expect success by holding Bitcoin with confidence and buying Bitcoin within our means and holding it for the future. Knowledge always helps us choose the right way, so it is very important to gain more knowledge.

Yeah I agree with you. And before buying Bitcoin, you must have your emergency money separate. Don’t use rent, school fees, or food money to buy bitcoin. Bitcoin rewards those who are patience and not those who are greed, never invest with money you needs urgently or borrowed.

[Dzwaafu11]

The thing is that everybody agree with the fact that bitcoin is not a get rich quick investment. It has to be in process amd patient is the most important as an investor.  But the newbies investors don't actually care to know how it works, they came into space for a competition or how they see some successful investors outside there they want to be like them, without knowing the processes that is  been followed.

That's why knowledge is the first thing when it comes to investment, and not investment alone in everything you do, knowledge is the key to everything, That's why many newbies failed when they venture into the investment.

[Abdulzuruku01]

The thing is that everybody agree with the fact that bitcoin is not a get rich quick investment. It has to be in process amd patient is the most important as an investor.  But the newbies investors don't actually care to know how it works, they came into space for a competition or how they see some successful investors outside there they want to be like them, without knowing the processes that is  been followed.

That's why knowledge is the first thing when it comes to investment, and not investment alone in everything you do, knowledge is the key to everything, That's why many newbies failed when they venture into the investment.

In my opinion it is not even debatable whether Bitcoin is a get rich quick investment or not, the truth is not only Bitcoin, no investment can guarantee you a quick return. This is the real fact every new investor needs to know because the successful investors who made money from Bitcoin did that for years, not just for days.

I agree with you  Investing in Bitcoin is about patience because Bitcoin benefits people who can invest and patiently wait for a long time, not people who want quick profits from it or maybe treat it like gambling. That is why knowledge is important, because it helps you identify what is good and what is bad and also reduces your chances of falling for any quick money scheme.

[Promocodeudo]

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.

First of, any pesin wey don decide say em wan invest for Bitcoin, the pesin gats reason the future, the wey I mean be na long-term, Bitcoin investment no be short term, many people wey don leave the industry na because wetin them carry for mind enter, as e no come work like that, na em dem twama, as we don see how the go the go, Bitcoin don dey for a long time, and if we consider how long Bitcoin don dey like this, and the value as if now, we no get any option than ro call am baba, but it takes patience and discipline for any pesin wey start since then to still dey till now, although you dey right dey Bitcoin no be for weak minds, because no be by chocho na to start and hodl till the end na em be the koko.

[Sunshine1525]

But getting rich quick from Bitcoin is not a scam. Because suppose you invest 20 thousand dollars today, if the price of Bitcoin increases several times today, then you can become rich. But such a case is very rare. So you should always focus on long-term investment.

Many people who have mentioned what you have mentioned think and have entered Bitcoin to get rich quick. As you said, the biggest reason for thinking this is that there are some fraudulent people who trade and are associated with trading companies. Among those who want to invest in the short term or who want to trade, about 90% of the people who have seen advertisements online have stepped towards trading. They step towards trading without doing the right research, which is why such a wrong idea is sometimes created in their minds.

If a person does the right research, he may never reveal his desire to step towards trading. Before a person enters into something, he should research it. When he does research, he will be able to understand whether it will be good or bad for him.

It's good you said if which means that you're not certain and that's very risky, i know that holding longer too is not also certain but wr all can see that Bitcoin is a coin that improves as time goes and has a proven record of doing that, so it's better to put your money into it and allow it generate wealth with time than risk using it to get quick money and lose it completely.

The volatile nature of Bitcoin disqualifies it as a good option for wealth in a short period, those who choose to use it for that purpose are doing that at their own risk. You can trade with alts but never trade with Bitcoin cause you could be joking with your opportunity of being more wealthy in future.

[Futurexxx]

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.

The truth be say something wey you no know big pass you, na because of that newbies dey always believe say once them invest in Bitcoin, automatically them go become rich, but with time and experience, you go come later understand say na only when you invest and hold for a very long time you go fit stand any chance of becoming rich through it.

But I seriously doubt say Bitcoin go fit make person rich with the price wey e dy now, because for you to become rich through am, you need to buy and accumulate enough of am, like up to five Bitcoin and make Bitcoin skyrocket to like $500k and above, but for you to get that kind money, you go dy rich already , you no go be poor man.

[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.

The truth be say something wey you no know big pass you, na because of that newbies dey always believe say once them invest in Bitcoin, automatically them go become rich, but with time and experience, you go come later understand say na only when you invest and hold for a very long time you go fit stand any chance of becoming rich through it.

But I seriously doubt say Bitcoin go fit make person rich with the price wey e dy now, because for you to become rich through am, you need to buy and accumulate enough of am, like up to five Bitcoin and make Bitcoin skyrocket to like $500k and above, but for you to get that kind money, you go dy rich already , you no go be poor man.

Even the long term holding no dey guarantee profit for bitcoin investment but e sha better pass short term holding. You fit hold bitcoin for many years make e reach the year wey you plan to withdraw your holdings and profit make bitcoin dey face bear market, just like the way one user for this forum raise one topic say him friend don invest on bitcoin for a very long period of with the hope say him go use the money buy car and na that year bitcoin price con drop so you no go fit predict the actual future price whether e go give you the exact profit wey you desire.Anyways,bitcoin no be get quick investment so if your expectations na to invest on bitcoin for a short term and make you withdraw unimaginable amount of money then you dey whine yourself.