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.

[Nasdel4]

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.

I concur to this write up, I once saved up some money in bitcoin a while back and then lost my job. In the process of searching for another job, my savings ran out after some time and I began getting worried. I was tempted to start liquidating my bitcoin but at that point the market was down and I was almost 30% down as a result of fall in bitcoin price. I tried holding on for a bit but I kept noticing that the price wasn't going up rather it kept on dipping. At this point I didn't know what to do but mind you I had just started my bitcoin journey but without a particular strategy since I was only saving money there.
At some point I couldn't hold back anymore because my bills were piling and I have started getting into debt, I had to sell some to settle the debt and pay my bills. Gradually I kept taking out of my investment to clear bills while still searching for a job and remember I was already down 30% due to fall in price of bitcoin. This made me so worried that I made a wrong decision investing in bitcoin and wished I never did because if I left all in my savings I would've had that 30% I lost still sitting pretty.
In conclusion I withdrew all my bitcoin and later on price doubled and I felt bad. When I got another job I began my bitcoin journey again because I understood something I didn't understand earlier which is holding. After a while of studying bitcoin and it's movement I decided to use the DCA method which I unknowingly started in the first phase of my bitcoin journey without even knowing.
I'm glad I'm here now after learning a lot and I'm glad I did.

[Cyber_warrior]

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.

Sometime you no go really blame all these newbies wey de get that kind impression about Bitcoin, it goes down to the person wey introduce them for bitcoin. Some people no de really take their time for these newbies say bitcoin na volatile something and making profit no really de guaranteed. Them go just tell dem say buy now, then by next 3 months dem go don make profit.

So if we de try introduce anybody to invest in bitcoin, take your time explain for them, tell them say profit no de guarantee, so with that make them invest with their discretionary income.

Make we no forget to tell them say make them de do personal research on their own, with that one too them go get more knowledge about Bitcoin.

[Dareo]

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.

However I believe it is important to consider in advance the time frame during which you would like to use the funds on top of the long term investing of Bitcoin. For example, let’s say you bought bitcoins with the purpose of purchasing a car after some years but the market had fallen at that point of time. There could be no other option than to sell it at a loss. Therefore, while long term investment is a good idea, one must not invest all his required money in Bitcoin.

[Achalugo BTC]

However I believe it is important to consider in advance the time frame during which you would like to use the funds on top of the long term investing of Bitcoin. For example, let’s say you bought bitcoins with the purpose of purchasing a car after some years but the market had fallen at that point of time. There could be no other option than to sell it at a loss. Therefore, while long term investment is a good idea, one must not invest all his required money in Bitcoin.

That's true, long term investment requires one to be patient in order to achieve their goals. That is why it is important for one to diversify one's funds by also saving in fiat, so they won't have to sell their Bitcoin at loss when they need money. It's not wise to invest money one will need soon, as Bitcoin do fluctuates in price. People who succeed with Bitcoin understand the importance of patience and discipline, which helps them stay committed to their long-term goala without regretting their decision.

[BitcoinLitingNetwork]

We all know that bitcoin cannot make anyone rich overnight it requires a long term plan. The safest and most proven strategy is to regularly purchase small amounts of bitcoin using your surplus funds without panicking over daily market fluctuations and to hold onto them for the long term. One should never invest money intended for essential or urgent expenses, such as rent, food, or education. It is wise to ensure your basic needs are secure before making any investment.

[Nightwatchmare]

In the beginning of Bitcoin, no one arrived at Bitcoin with the hope of making a quick buck because Bitcoin was seen as a coin that does not have value and cannot increase in price, this made plenty of people to sell 100 and 1000 of Bitcoins cheaply, it was the people who had faith in Bitcoin and hold their Bitcoin for a long time that benefitted from Bitcoin. We all know that Bitcoin is not about getting rich fast or short cut of getting rich overnight; you must be patient in Bitcoin investment before you can rich with Bitcoin. There are people who know all these about Bitcoin but they choose to get rich with Bitcoin in a short time frame, and even if you preach against it they will not change unless they learn the hard way. So just allow everyone to do things in their own way, when they learn the hard way they will start doing things in the right way.

[Proty]

In the beginning of Bitcoin, no one arrived at Bitcoin with the hope of making a quick buck because Bitcoin was seen as a coin that does not have value and cannot increase in price, this made plenty of people to sell 100 and 1000 of Bitcoins cheaply, it was the people who had faith in Bitcoin and hold their Bitcoin for a long time that benefitted from Bitcoin. We all know that Bitcoin is not about getting rich fast or short cut of getting rich overnight; you must be patient in Bitcoin investment before you can rich with Bitcoin. There are people who know all these about Bitcoin but they choose to get rich with Bitcoin in a short time frame, and even if you preach against it they will not change unless they learn the hard way. So just allow everyone to do things in their own way, when they learn the hard way they will start doing things in the right way.

you can't be so sure about this because there may be people that were holding bitcoin then with the foresight that it's value will appreciate in the future. However, it was just few people that may have this kind of mindset. Being patient in bitcoin doesn't automatically means that the person will become rich because you can't predict how the market will be in the future. It is good to understand how bitcoin investment works and to know the risk involved to avoid having unrealistic expectations.

[liasbaa]

We all know that bitcoin cannot make anyone rich overnight it requires a long term plan. The safest and most proven strategy is to regularly purchase small amounts of bitcoin using your surplus funds without panicking over daily market fluctuations and to hold onto them for the long term. One should never invest money intended for essential or urgent expenses, such as rent, food, or education. It is wise to ensure your basic needs are secure before making any investment.

Prioritize your basic needs and accumulate Bitcoin using your discretionary income. Bitcoin is not a get rich quick scheme and many newbies will not believe it because they have come here after analyzing the price history of Bitcoin but their idea is not fair. Bitcoin is a reliable investment vehicle and should be seen as a digital asset/store of value for long term investment.
Since you will be in Bitcoin investment for the long term you need to be prepared. Do not buy Bitcoin with funds that you will need daily and buy Bitcoin with discretionary income every week. Be consistent in accumulation Bitcoin during the period when the source of income is continuous and continuous until you go to Bitcoin extra accumulation stage.

[SOKO-DEKE]

We all know that bitcoin cannot make anyone rich overnight it requires a long term plan. The safest and most proven strategy is to regularly purchase small amounts of bitcoin using your surplus funds without panicking over daily market fluctuations and to hold onto them for the long term. One should never invest money intended for essential or urgent expenses, such as rent, food, or education. It is wise to ensure your basic needs are secure before making any investment.

Prioritize your basic needs and accumulate Bitcoin using your discretionary income. Bitcoin is not a get rich quick scheme and many newbies will not believe it because they have come here after analyzing the price history of Bitcoin but their idea is not fair. Bitcoin is a reliable investment vehicle and should be seen as a digital asset/store of value for long term investment.
Since you will be in Bitcoin investment for the long term you need to be prepared. Do not buy Bitcoin with funds that you will need daily and buy Bitcoin with discretionary income every week. Be consistent in accumulation Bitcoin during the period when the source of income is continuous and continuous until you go to Bitcoin extra accumulation stage.

Those newbies who may likely not believe that Bitcoin investment doesn't make people rich are the kind of newbies who totally lack knowledge and are so desperate to make quick money in any way possible. If not, nobody with even basic knowledge would think that Bitcoin investment can make them rich at this stage of Bitcoin.Looking at Bitcoin's history, it is clear that only early investors were lucky enough to make huge profits from Bitcoin investment, and that was for those who were even able to hold their Bitcoin for a long period of time.In fact, what can of investment nowadays is likely to give someone a quick, huge profit, if not Ponzi schemes that make such promises of high returns? We all know that they are scams. Anyone who thinks Bitcoin can give them quick profits is simply deceiving themselves.Currently, people are even investing in Bitcoin to protect themselves against inflation rather than targeting huge profits.

[Sulegzy39]

Since Bitcoin was initially perceived as a coin with no value and no potential for price growth, many people sold 100 or 1000 Bitcoins at low prices. Those who had faith in Bitcoin and held onto their holdings for a long time were the ones who profited from it. We are all aware that investing in Bitcoin requires patience before you can become wealthy.

Even if you preach against it, some people who are well-informed about Bitcoin choose to use it to quickly become wealthy; they won't change unless they learn the hard way. So just let everyone follow their own path; after they've learned the hard way, they'll start doing

[Pearl_20]

I think that the Idea of Bitcoin has moved beyond just making money from it. Bitcoin has become a culture and ta way of life that alot of people has come to adapt and realize because, Bitcoin is something that can be seen as a future project so Bitcoin has instilled in us the virtue of patience, insurance and the to believe because it only takes a man who has these three qualities that can hold Bitcoin for a long time.

For now I think that, anyone coming into Bitcoin for the purpose of making quick money is getting it wrong because, Bitcoin is more than just making money Bitcoin is about fight against inflation and giving people the freedom to operate because of its decentralized nature.

I even view bitcoin more than this. The currency have made a lot of people wise financially in the streets, and even people who think the crypto space is all about scams and more. The best thing is to invest and wait for the right time, although people who view bitcoin as a quick way of making money I see them as those who don’t really know proper Knowledge of bitcoin investment, if they do they won’t take it like that.

Very true, at first when I heard about bitcoin the first thing that came to my mind was scam even when a friend was trying to educate me on how it works I told him then that I wasn't interested because I don't have money to waste on something that I'll eventually get scammed on so a lot of persons out there is just like me too.

Bitcoin requires one to be patient and consistent and not just like the usual investment we see on social media where the money double up in days or weeks. Once people gets the right knowledge of something it helps for a better understanding and approach towards it.

[danieldavidd]

Getting rich among it is part of the reason why investors invest on it but bitcoin is being created not to just get rich but its decentralized which means it gives you the opportunity to make transactions without any traditional bank account in different part of world easily paying of goods and also a long term investments and it also gives freedom of you managing investment gradually without being controlled by government or any organization.

[Rhow]

Initially, many people bought Bitcoin hoping to make a quick profit. However, through various experiences and market fluctuations, they realized that Bitcoin is not just for getting rich quick. Rather, it is a potential way to preserve wealth in the long term. The way inflation is happening at the moment, people have become more confident in Bitcoin. The reason for this is that people are now not only thinking about the present, but also thinking about the future and giving importance to maintaining the value of their money. I think that knowledge and patience are essential to understand the true value of Bitcoin. It is not enough to invest just in the hope of increasing the price. If someone invests in the hope of increasing the price, there is a possibility of being disappointed when the price falls. However, if people think in the long term, understanding what the main purpose of Bitcoin is and how Bitcoin works, then people's perspective may change.  The mindset of building financial security for the future, rather than worrying about getting rich quick, can make people's interest in Bitcoin more meaningful.