Getting rich off Bitcoin is impossible for the majority

[Alpen]

Making Profit is the only thing that I can guarantee anyone who is investing in Bitcoin today, but getting rich by buying Bitcoin? I don't think that's completely true.

I believe that being of service is what will get anyone rich, if I am wrong why are your favourite Crypto YouTubers wanting to make videos every day to get paid by YouTube service?

High skills is sure to get you there than expecting to get rich with Bitcoin, today getting rich with Bitcoin is almost impossible for people like myself, because how much I earned every month as salary, getting rich out of Bitcoin investment today suits already rich people more not strugglers...

You think I am wrong? Then tell me how I can better my life using Bitcoin with $50 monthly salary, there are millions of people like me in my country earning this same amount.

You’re totally right, bro. Money attracts money. Or it's just about being in the right place at the right time. You mentioned skills, but honing talents requires time to learn and experiment. If your salary is just $50, getting a proper education is tough, and you probably didn't even have the spare time for it anyway.

Also, think about the crypto elites and giant exchanges that amassed unbelievable wealth. Did it make the world a better place? Look at the sheer volume of court cases against them—it's the exact opposite.

Plus, crypto dev money basically funded Trump’s election win, and he instantly secured $5 billion for his family.

Like I said, the rich just get richer.

[Charcol]

Bitcoin does not give a guaranteed profit. So you cannot give a 100% guarantee that if you invest, there is a guarantee of profit. However, there is a high possibility of profit in long-term investments. But Bitcoin is a volatile asset, so if you buy it at the wrong time, with poor planning and without emergency funds, you may be forced to sell it at a loss. If someone thinks that they will become rich overnight by buying Bitcoin, then that is the biggest misconception. Bitcoin is not a magical investment. Like other investment assets, Bitcoin is also an asset. If you can save Bitcoin for 8-10 years or more in the long term, I think it will have a position. Bitcoin should not be seen as a way to get rich, but as a way to store value in the long term.

[@nn@_pen9]

Making Profit is the only thing that I can guarantee anyone who is investing in Bitcoin today, but getting rich by buying Bitcoin? I don't think that's completely true.

I believe that being of service is what will get anyone rich, if I am wrong why are your favourite Crypto YouTubers wanting to make videos every day to get paid by YouTube service?

High skills is sure to get you there than expecting to get rich with Bitcoin, today getting rich with Bitcoin is almost impossible for people like myself, because how much I earned every month as salary, getting rich out of Bitcoin investment today suits already rich people more not strugglers...

You think I am wrong? Then tell me how I can better my life using Bitcoin with $50 monthly salary, there are millions of people like me in my country earning this same amount.

There is nothing wrong with what you have said, I don't think you can improve your quality of life by using the $50 Bitcoin you get every month, it is impossible if you play with the spot method and I think in this case you should upgrade your skills by adding abilities in new fields as time goes by your money will follow the footsteps of your hard work and there is no other way but to upgrade what we lack. Keep fighting my friend, build that dream into reality, this is how the world works

[Popkon6]

Bitcoin does not give a guaranteed profit. So you cannot give a 100% guarantee that if you invest, there is a guarantee of profit. However, there is a high possibility of profit in long-term investments. But Bitcoin is a volatile asset, so if you buy it at the wrong time, with poor planning and without emergency funds, you may be forced to sell it at a loss. If someone thinks that they will become rich overnight by buying Bitcoin, then that is the biggest misconception. Bitcoin is not a magical investment. Like other investment assets, Bitcoin is also an asset. If you can save Bitcoin for 8-10 years or more in the long term, I think it will have a position. Bitcoin should not be seen as a way to get rich, but as a way to store value in the long term.

Those who hold Bitcoin for the future with a weak plan and give up their Bitcoin holding when they make a small profit. All these investors can never be entitled to much profit because their plan was weak. Therefore, investing in Bitcoin in the short term is often risky, so I want to say that if you accept it, you will definitely be able to achieve success because success can never be achieved without risk.
Therefore, if you want to invest in Bitcoin, investing in Bitcoin for the long term is the most valuable and best plan, those who have the ability to lose will have a long-term Bitcoin investment and they will benefit the most. Therefore, if you follow the strategy in investing in Bitcoin, it will be easy to hold it in the long term and the DCA method is also the most effective.

[ruykeri]

Early investors are the only setup of people who are already rich I mean investors who bitcoin at a very cheap and low price many years ago, of course those You tubers are justc promoting their videos to get more numbers of views and earn money, I don't think anybody can get rich again by investing in bitcoin now though there are speculations that the price might hit million dollar in the nearest future I don't believe in that speculation, however I think the best bet for any newbie in crypto particularly bitcoin should learn how to trade and take profit consistently thus earning some decent money as an additional source of income.

Sorry to say bro I cannot agree what you have said . You are directly saying that there is no possibility of profiting by investing in Bitcoin, instead you are saying  to trading . but that trading is more risky in the short term. You are talking about trading in crypto, which is more risky. Because other altcoins outside of Bitcoin are more risky. And how can you be sure that the price of Bitcoin will not increase in the future. In the future, the demand for Bitcoin will increase, the popularity of people will increase, and due to limited supply, the price will likely be much higher. After a long time, the price of Bitcoin will likely be much higher. That is why we should move forward with the mentality of holding Bitcoin for a long time or investing for a long time.

[cxtreenal]

Making Profit is the only thing that I can guarantee anyone who is investing in Bitcoin today, but getting rich by buying Bitcoin? I don't think that's completely true.

No one has ever become poor by investing in Bitcoin for the long term. When Bitcoin first came into existence, it had no value. The beginning was in 2009 and over time, Bitcoin has become a store of value. The last ATH was $126k which took just 17 years to reach this great value. Now consider how thousand X the profits have been made by long term investors and how much wealth do those who hold Bitcoin own.

High skills is sure to get you there than expecting to get rich with Bitcoin, today getting rich with Bitcoin is almost impossible for people like myself, because how much I earned every month as salary, getting rich out of Bitcoin investment today suits already rich people more not strugglers...

You think I am wrong? Then tell me how I can better my life using Bitcoin with $50 monthly salary, there are millions of people like me in my country earning this same amount.

To become rich you have to follow many processes as you mentioned to acquire skills. You cannot acquire skills in a day. To acquire skills, you have to acquire knowledge and practice regularly. To apply skills you have to get a job or you have to own an organization. These things are part of a long term process.

By earning $50 a month you are fulfilling your family needs, but if this fund is very small in the context of your country and is not suitable for meeting basic needs, then no one will force you to invest in Bitcoin. If you have discretionary income after meeting your family's needs, buy as much Bitcoin as you can. Remember Bitcoin is an asset that will help you build a foundation for financial independence.

[Abiky]

Bitcoin does not give a guaranteed profit. So you cannot give a 100% guarantee that if you invest, there is a guarantee of profit. However, there is a high possibility of profit in long-term investments. But Bitcoin is a volatile asset, so if you buy it at the wrong time, with poor planning and without emergency funds, you may be forced to sell it at a loss. If someone thinks that they will become rich overnight by buying Bitcoin, then that is the biggest misconception. Bitcoin is not a magical investment. Like other investment assets, Bitcoin is also an asset. If you can save Bitcoin for 8-10 years or more in the long term, I think it will have a position. Bitcoin should not be seen as a way to get rich, but as a way to store value in the long term.

That's why they always say to "never invest what you can't afford to lose". Most people end up putting all of their life savings into Bitcoin, out of pure greed. This is what's causing many to go bankrupt ("rekt"). Bitcoin is all about patience and dedication. If you're in a hurry to make money, BTC is not for you. Altcoins are a much better choice. But they come with a higher risk.

Establish a balance between the risk/reward ratio of BTC and alts to play it safe. I'm sure you'll be able to become rich if you do the right thing. Just my two sats.

[BitBrainers]

He doesn't have to explain anything; he says he earns a monthly salary of $50. How much of that can he save to invest after paying all his bills? $1? That's $12 a year, which, if he'd started buying Bitcoin in 2015 as you say, would have amounted to a total of just over a hundred dollars invested. Nobody gets rich on that.

This is the most honest reply in the thread. The DCA advice everyone keeps giving ignores basic arithmetic. If your entire income barely covers survival, there is no discretionary income to DCA with.
Bitcoin does not solve a poverty problem. It amplifies what you already have. For someone with $50 a month, the priority is increasing income first. Bitcoin comes after you have breathing room, not before. Telling a struggling person to cut 30% for Bitcoin is not financial advice, it is just noise.

[imthegreat]

Now the world is already so unstable that many people are looking not just for ways to earn money, but for ways to save their savings. Gold (physical) has a huge spread, and you really need to keep it in order to get at least to zero. Many people are also afraid to hold digital tokenized gold because they don't trust tokens. As for government bonds, not everyone has access to them, and bank deposits do not always have good interest rates. The only way out is to buy Bitcoin using DCA. No need to guess where the bottom is, trading is dangerous. But systematic buying is a really good way to accumulate and multiply funds.

[Achalugo BTC]

Now the world is already so unstable that many people are looking not just for ways to earn money, but for ways to save their savings. Gold (physical) has a huge spread, and you really need to keep it in order to get at least to zero. Many people are also afraid to hold digital tokenized gold because they don't trust tokens. As for government bonds, not everyone has access to them, and bank deposits do not always have good interest rates. The only way out is to buy Bitcoin using DCA. No need to guess where the bottom is, trading is dangerous. But systematic buying is a really good way to accumulate and multiply funds.

Investing in Bitcoin is not something one can just get rich overnight, you are right about all you said but people should get that mentality that even though Bitcoin is good for one to Invest on but they shouldn't have that mindset that it will bring profit for them because if they stick to this idea, they won't be hurt that much if they are not getting what they are expecting to get from their investment. Do what you can and hope for the best, they shouldn't force things to happen when its not yet time.

[LogitechMouse]

---
High skills is sure to get you there than expecting to get rich with Bitcoin, today getting rich with Bitcoin is almost impossible for people like myself, because how much I earned every month as salary, getting rich out of Bitcoin investment today suits already rich people more not strugglers...

You think I am wrong? Then tell me how I can better my life using Bitcoin with $50 monthly salary, there are millions of people like me in my country earning this same amount.

The term "rich" is subjective, but looking at what you posted, it seems like the definition of "rich" for you is to have millions of dollars with the help of Bitcoin.

Please let's not forget the fact that investing into Bitcoin doesn't GUARANTEE that it will make you rich. Bitcoin isn't like a magic potion where if you drink it or in this case, invest in it then it will change your life. Yes, there's a chance but you need to work hard, and work smart in order to achieve that. The problem with many right now is that they see Bitcoin as something that could give them huge money because that's what they see online and TBH, these YouTubers are somewhat misleading as well so f*ck them as well.

Back to you OP, if $50 is just enough for you to cover your monthly expenses then there's nothing that we can do about it, but you can find another income source where you can get use that salary to buy Bitcoin. Why asking us how can Bitcoin make your life better? Go find a job, if you need to find 2 jobs then go. Use your spare money to buy Bitcoin. Be mindful with the money that you're spending. If you're spending unnecessary things then forget about it and put it into Bitcoin. Bitcoin can help you rich, but like what I said, you need to work hard and work smart. It's a bit unfortunate that you've also got mislead by what you're watching online as well.

[cxtreenal]

Now the world is already so unstable that many people are looking not just for ways to earn money, but for ways to save their savings. Gold (physical) has a huge spread, and you really need to keep it in order to get at least to zero. Many people are also afraid to hold digital tokenized gold because they don't trust tokens. As for government bonds, not everyone has access to them, and bank deposits do not always have good interest rates. The only way out is to buy Bitcoin using DCA. No need to guess where the bottom is, trading is dangerous. But systematic buying is a really good way to accumulate and multiply funds.

Investing in Bitcoin is not something one can just get rich overnight, you are right about all you said but people should get that mentality that even though Bitcoin is good for one to Invest on but they shouldn't have that mindset that it will bring profit for them because if they stick to this idea, they won't be hurt that much if they are not getting what they are expecting to get from their investment. Do what you can and hope for the best, they shouldn't force things to happen when its not yet time.

Investing in Bitcoin for the long term will give you higher returns than you expect but you also have to accept that no one is an expert at predicting the future. No one can say how much the price of Bitcoin will rise in the coming years. But it is possible to make predictions based on probabilities or analyze the underlying structure of Bitcoin with almost certainty. Although you may not want to take risks in long-term investment, the right approach is to accumulate Bitcoin regularly through discretionary income. Any method of investment may seem risky to you in the initial stages but in reality over time as you increase your knowledge about Bitcoin it may not seem risky and you will get into the habit of buying Bitcoin with lump sum to available funds/bonus fund. Because you need to get more Bitcoin for future financial solvency.

[Achalugo BTC]

Investing in Bitcoin for the long term will give you higher returns than you expect but you also have to accept that no one is an expert at predicting the future. No one can say how much the price of Bitcoin will rise in the coming years. But it is possible to make predictions based on probabilities or analyze the underlying structure of Bitcoin with almost certainty. Although you may not want to take risks in long-term investment, the right approach is to accumulate Bitcoin regularly through discretionary income. Any method of investment may seem risky to you in the initial stages but in reality over time as you increase your knowledge about Bitcoin it may not seem risky and you will get into the habit of buying Bitcoin with lump sum to available funds/bonus fund. Because you need to get more Bitcoin for future financial solvency.

Normally, no one can predict the market as its beyond human predictions, but it will be of help to those who decide to invest on it, with the hope that the future will be good, that is why people are to accumulate with what they can afford and should not rush it but take it slow and steady and also should not expect profit so instant, as the market might decide to go up or down at any moment, applying the right mindset towards it keep them safe, as they won't be that pressured or stress over any failure they might encounter, because certainly challenges will come but with the right mindset and understanding, they will stand out for themselves.

[Justbillywitt]

Making Profit is the only thing that I can guarantee anyone who is investing in Bitcoin today, but getting rich by buying Bitcoin? I don't think that's completely true.

I believe that being of service is what will get anyone rich, if I am wrong why are your favourite Crypto YouTubers wanting to make videos every day to get paid by YouTube service?

That's because it's another means of them making extra money, I don't think anyone gets tired of making extra income. Even the wealthy people don't just have have one source of income, they have multiple sources of income. Also some of the crypto YouTubers you are referring to are making videos because they have of passion of impacting knowledge to others who are lacking.

High skills is sure to get you there than expecting to get rich with Bitcoin, today getting rich with Bitcoin is almost impossible for people like myself, because how much I earned every month as salary, getting rich out of Bitcoin investment today suits already rich people more not strugglers...

You think I am wrong? Then tell me how I can better my life using Bitcoin with $50 monthly salary, there are millions of people like me in my country earning this same amount.

You have to improve your finances that's the only thing you have to do, with such monthly salary it's practically impossible for you to get rich from bitcoin... The problem here is not bitcoin, the problem is that you are not earning enough to invest in bitcoin to get you what you want.