The vibe and hype of Bitcoin can actually make or break someone

[Zaguru12]

The hodl mantra isn't as easy as it sounds to change someone's life. In the past, people could easily start with $10 left over from their salary and become rich within a decade, investing in a new entity like Bitcoin at 0.1%. I think it's time to change the common advice that the higher the price of Bitcoin, the less profitable it becomes to invest, but it's worth applying it to business.

That was the benefit that those who were early enjoyed and this isn’t about bitcoin only every asset actually has its early years where a little amount into it would actually be worth more when the coin actually gains more adoption this isn’t about bitcoin alone. It’s the same thing with what we call the market volatility, it’s usually very high in the early days of every asset but slows down when the adoption has grown because then people have known the value and hardly do not treat like the early days, I usually call those that got in at that time as those been rewarded for early convictions.

Bitcoin like other assets will have those who fail to invest early always regretting, when it was $10k people call it over price, now it’s 6x more of that and at even the ATH it’s 12x more. Tomorrow we would say bitcoin at $60k was still a very low price.

The only problem with people who fall in loss while investing into bitcoin is that they treat it as a get rich quick scheme and bitcoin is an investment and like every investment takes time before they yield their profits and this is the time that most of this people do not have which is the result of them losing

[SquirrelJulietGarden]

Bitcoin like other assets will have those who fail to invest early always regretting, when it was $10k people call it over price, now it’s 6x more of that and at even the ATH it’s 12x more. Tomorrow we would say bitcoin at $60k was still a very low price.

It's not over but only continuous so that Bitcoin has made many new ATHs, consequently it has created many "Never look back prices" too.
https://charts.bitbo.io/never-look-back-price/

The only problem with people who fall in loss while investing into bitcoin is that they treat it as a get rich quick scheme and bitcoin is an investment and like every investment takes time before they yield their profits and this is the time that most of this people do not have which is the result of them losing

Think of Bitcoin as a "Quick Rich Scheme" is quite wrong, but even some people don't think so, they simply did not prepare their finance, mentality and manage capital and risk well, so they failed to maintain their investment portfolios a long time enough for getting profit. Some people did not think Bitcoin is quick rich scheme but they simply could not hold their coins for a long time. They wanted to hold but they could not hold, it's not responsibility of Bitcoin definitely.

[Hatchy]

The expectations of the young adults about Bitcoin sometimes get me worried. The get rich quick syndrome is overwhelming and is seriously affecting the sense of reasoning. Some people talk about Bitcoin like it's some form of magic and if your able to accumulate some Bitcoin you will become so rich. Bitcoin is a gambling journey you invest and expect some returns with a heavy risk factor involved. A market of speculation and intrigues can send someone to his early grave so invest wisely.

a gambling journey? I don't see how it relates to bitcoin. If I was going to say I would say it's an unpredictable journey because no one can tell if they would make profits from the market but we still believe and hope that we will. That's simply because of the knowledge we have of the market. Some people are deceived by the wrong information they feed their minds with. There's no way to make it big in life in a short period. If anyone preaches to you that there is, it's obviously a lie or they simply want to scam and use you. Don't be the type that easily falls prey to these scammers, bitcoin is not a get rich quick scheme, the journey to making profit from the market requires long term goals and ambitions..

[alastantiger]

Bitcoin is a gambling journey you invest and expect some returns with a heavy risk factor involved. A market of speculation and intrigues can send someone to his early grave so invest wisely.

Investing in Bitcoin with a gambler's mindset is not going to make you any money from the market since Bitcoin is not a gambling tool. If you want to become a gambler then you should visit the next casino you see but if you want to become an investor in Bitcoin then you have to take your time to understand how the market works and the best strategy to use in investing in Bitcoin. You don't have to monitor the market or follow the hype and the dump of the market. You don't need a perfect entry or a perfect exit instead what you need is patient and DCA as you invest into Bitcoin.

People that decide to follow the community and engage in what they are doing they end up not being in a better position to make a profit from Bitcoin when the price increase but those that invest strategically are those that benefit the most hence there is nothing like following the market or trying to predict what the market is going to do next instead just be an investor and put your money wisely in Bitcoin.

[Odogwu-Blockchain]

At least those who had this rich quick thought and mindset begins the journey of crypto from somewhere, almost everyone who comes into crypto the first time had this thought, including me. The effect of crypto on my investment started making me question the progressive journey and how it actually works, overtime I started understanding how this works until I reached the peak of calmness in my relationship with crypto overall.

If any investors faces any heartbreak because of Bitcoin movement not going the way he plan, let him know it's normal, whoever gets hurt will be healed, and then be returned back to normal and face the crypto with reality checks while the illusional view fades away.

It's a journey you ought to be patient, it's worth it to be patient and stay through to it.

[passwordnow]

Bitcoin is a gambling journey you invest and expect some returns with a heavy risk factor involved. A market of speculation and intrigues can send someone to his early grave so invest wisely.

I do agree about that it's a speculative market and asset but to say that it's a gambling journey as we invest. That doesn't differ it from any other assets and investments that also shows risk factors. There's no one that can skip these risks that we take when we're up to invest. But the better way of doing it with bitcoin is with its higher volatility compared to them, it gives us a better ROI in due time. It may not be for this bear market obviously but soon.

[HelliumZ]

The expectations of the young adults about Bitcoin sometimes get me worried. The get rich quick syndrome is overwhelming and is seriously affecting the sense of reasoning. Some people talk about Bitcoin like it's some form of magic and if your able to accumulate some Bitcoin you will become so rich. Bitcoin is a gambling journey you invest and expect some returns with a heavy risk factor involved. A market of speculation and intrigues can send someone to his early grave so invest wisely.

You are right, many people are investing in Bitcoin just to change their situation overnight without knowing the risks. Many people invest when the market is at a high position and when the market is down, they cannot bear the stress and sell the investment and face losses. In this case, it can certainly be said that many investors can lose everything in a short time and be under stress. And from this stress, any kind of unwanted event can happen, which is currently happening among the young generation. That is, it should not be put on the line for such uncertain profits without knowing the risks of Bitcoin and without seeing the future prospects.

[Woodie]

The expectations of the young adults about Bitcoin sometimes get me worried. The get rich quick syndrome is overwhelming and is seriously affecting the sense of reasoning. Some people talk about Bitcoin like it's some form of magic and if your able to accumulate some Bitcoin you will become so rich. Bitcoin is a gambling journey you invest and expect some returns with a heavy risk factor involved. A market of speculation and intrigues can send someone to his early grave so invest wisely.

Having being around for a little while in this game, I think the bitcoin rush was real back then that is why we even had the "when lambo" rantings going on because people's lives really did change with investing in Bitcoin... The Bitcoin rush was so good that people sold fixed assets like houses just to ride this Bitcoin wave.. but unfortunately Today we have so many players in the industry and Bitcoin can easily be manipulated at will!!

Otherwise peer pressure and herd mentality is an issue of today , that is why people find themselves investing in ponze schemes because of the need to get Rich 🤑 quick.

[Sanitough]

Well, definitely there's no magic with bitcoin. If you invest on it blindly, never expect to reap positive outcome and experience bitcoin profits. Instead, you will learn your lesson the hard way, but the earlier the better, so you can start navigating bitcoin the right and profitable way like how a responsible and successful investor should be.

There's no secret to success with bitcoin, but as long as you know what you are investing and how it will turn profitable in the long run, with patience and determination, bitcoin will surely make your life productive and profitable.

[Rebirth01]

Bitcoin is filled with anxiety, whereby you don't know what the market will bring and in that situation one need to monitor his emotions. If the market favour,s you then you are made if not it will break you especially if you have high expectations from Bitcoin sales. It's not easy emotional if you hear bad news about your business. The hype and vibe of Bitcoin is something one need to be careful with. Do not put all your eggs in one basket to avoid regrets for the Bitcoin market is unpredictable.

[uchegod-21]

Bitcoin is actually a hyped asset. People are talking about it, and anyone who gets into this forum for the first time will be fascinated by such an asset and be triggered to invest. The only issue is that, among the hype, there is still misleading information spread by those who know very little about Bitcoin, those who intentionally spread misleading information with the intention of scamming victims, and some who spread misleading information with the intention of manipulation.

It is the duty of those intending to invest in Bitcoin to filter out the noise, do their research, and arrive at a conclusion that does not put them under pressure to invest in Bitcoin. Anything that is overhyped should not be trusted so easily until proper research is conducted to ascertain the authenticity of the information being spread.

Bitcoin has already made its name, that is why bad actors are taking advantage of it to mislead people.