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

[MyWarLord]

Yes I agree with you that, people shouldn’t have the mindset of going into bitcoin to make quick money and become rich over night. It is better they take their time and do a proper research on bitcoin and how it works before they start investing in it.

In my opinion, the knowledge they will gain from the research about bitcoin would help them understand the importance of being patient in the crypto space.

You don’t have to invest because others are investing, avoid being pressured when it comes to bitcoin investment do your own research to know if the level of your risk tolerance is enough to invest in bitcoin because bitcoin price can fluctuate drastically within a short period of time.

[Makus]

Yes I agree with you that, people shouldn’t have the mindset of going into bitcoin to make quick money and become rich over night. It is
You don’t have to invest because others are investing, avoid being pressured when it comes to bitcoin investment do your own research to know if the level of your risk tolerance is enough to invest in bitcoin because bitcoin price can fluctuate drastically within a short period of time.

This the is the mindset that gets a lot of people tricked when making an investment in Bitcoin. Investing in Bitcoin to make quick money is a wrong mindset to have but this is how average Nigerians think, they think about the reward of the risks that they take without thinking or making calculations about the risks itself, this is the reason why they end up making a lot of mistakes.

Understanding your risk tolerance just as you said is very important, this is necessary because not everyone can be patient enough to invest in Bitcoin.

[MorganaX]

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 .

A lot of people have the wrong mindset about Bitcoin investment and this is what gives them unrealistic expectations. consistency and disicpline are important just like you said but having patience is the overall thing that some people lack. The market rewards patience, and in the long run those that can stick with this are definitely going to achieve something substantial from it. A lot of Nigerians are just impatient.

[Bitcoin Maxi]

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.

There are people that still believe that they can make quick profits from investing in Bitcoin when they can lead to more risk.
The price of Bitcoin is has been known to be going up and down which means those that bought when price is low will have the opportunity to sell when they have made profit. There are so many people that are investing in Bitcoin that don't have the patience to wait for the price Bitcoin to move very well before taking profits.

[Versatile_choice]

The truth is whether people agree to that  statement or not it must surely stand, and whoever that try to twist it would surely face the consequences. However, with how the price is moving we don't even need someone to remind or tell us that short term investment does not work with bitcoin.

But it surprises me when I see people investing in bitcoin for short term after seeing how the price is moving, with the way the price of bitcoin is moving it is only when you invest for Long term that you will be able to make good profit from it.

[Oyoyoma_yu]

I once had this mentality that I could become rich with Bitcoin within a short period of time investing in Bitcoin, but later realized is an expectation that is far fetched. Many today have this same mentality. When people hear they can make money from Bitcoin investing, some people are eager to invest without finding out how it works. Of a truth money can be made from Bitcoin investing, but that is on the long run. However, Investing in Bitcoin has other purposes apart from becoming rich . Freedom is very important, and investing in Bitcoin offers investors freedom in their finances. Unlike those days we totally rely on the banking system, the emergence of Bitcoin has also granted users such freedom.

[ASloveapg]

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.

There are people that still believe that they can make quick profits from investing in Bitcoin when they can lead to more risk.
The price of Bitcoin is has been known to be going up and down which means those that bought when price is low will have the opportunity to sell when they have made profit. There are so many people that are investing in Bitcoin that don't have the patience to wait for the price Bitcoin to move very well before taking profits.

Patience and the mentality of waiting for the right time are very important when investing in Bitcoin. Do not think of investment as easy, the market will not move according to your expectations, you can never ignore its volatility, Bitcoin's volatility will always be there, but you have to survive in this volatility, do not consider volatility a problem but buy consistently and you need to prepare yourself mentally for this first. And to keep yourself stable for this continuous purchase, you first need to understand Bitcoin. And besides, there are many people who know everything about how Bitcoin works and have an idea about its long-term potential, but in the end they do not have the patience to hold it for the long term, and this is where they become weak and cannot maintain the investment, that is why you need knowledge to achieve success in Bitcoin investment, as well as you need patience to hold Bitcoin, otherwise it can put you in loss in the short term.

[Obari]

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.

Except one is a newbie, then there shouldn't be any reason why they should buy any coin wether bitcoin or not out of FOMO but we should rather try to do our own personal research about a coin before investing it so we can be so certain of what we are investing our money in and on 2026, o don't expect anyone to be seeing bitcoin as a get rich quick scheme because we ought to know that, everything that is genuine takes time and since bitcoin is genuine, we ought to also expect it to take time before actually it's result.

[Achalugo BTC]

Patience and the mentality of waiting for the right time are very important when investing in Bitcoin. Do not think of investment as easy, the market will not move according to your expectations, you can never ignore its volatility, Bitcoin's volatility will always be there, but you have to survive in this volatility, do not consider volatility a problem but buy consistently and you need to prepare yourself mentally for this first. And to keep yourself stable for this continuous purchase, you first need to understand Bitcoin. And besides, there are many people who know everything about how Bitcoin works and have an idea about its long-term potential, but in the end they do not have the patience to hold it for the long term, and this is where they become weak and cannot maintain the investment, that is why you need knowledge to achieve success in Bitcoin investment, as well as you need patience to hold Bitcoin, otherwise it can put you in loss in the short term.

This is what newbies really need to hear, because without patience and awareness, one will just invest blindly. Understanding that Bitcoin is not easy to hold for long-term and that the market moves on its own will help them know what to do at the right time and how to be able to apply the right principles to navigate through challenges and achieving their goals. However, if one neglects to make the necessary adjustments for their own good, they will end up losing and regretting everything.

[Big Dirams]

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.

Except one is a newbie, then there shouldn't be any reason why they should buy any coin wether bitcoin or not out of FOMO but we should rather try to do our own personal research about a coin before investing it so we can be so certain of what we are investing our money in and on 2026, o don't expect anyone to be seeing bitcoin as a get rich quick scheme because we ought to know that, everything that is genuine takes time and since bitcoin is genuine, we ought to also expect it to take time before actually it's result.

Even the newbie now are smart and very thoughtful of not wasting their money over something that isn’t worth it mostly when they haven’t went for the research. The newbie are found of making research now before they get themselves involved in anything involving finance because no one can afford to loss any money for something we could have avoided just over research.
We should endeavor in making research about anything at all before we get into it, because this research saves us from unfortunate outcomes. FOMO shouldn’t be what pushes us into making irresponsible decisions and getting regrets over it.