People Are Now Entering Bitcoin for Quick Profits Instead of Financial Freedom.

[CryptoHeadlineNews]

Bitcoin na something way dem create as a decentralized form of money, way Dey allow people to control their wealth without hoping on any bank, the government or anybody.
A lot of people way been enter bitcoin investment or way been adopt bitcoin those days way en start newly been adopt am because of financial freedom or sovereignty and a long term wealth preservation.

But if you check today some of this new beginners way dey invest or adopt bitcoin their main purpose now na just to make quick money or profit.

When bitcoin been blow up for en price, na so everywhere for social media na about bitcoin discussion and them Dey talk about bitcoin price predictions, trading signals and stories of people way con Dey very rich through bitcoin.
During that time many people buy bitcoin without them understanding how bitcoin Dey work, en purpose and the responsibility way follow for person way get bitcoin.

Funny enough some of this people way adopt bitcoin because Dey won make quick money, Dey often panic and sell all their bitcoin when bitcoin price fall or dip, thereby missing that long term benefit way bitcoin Dey design to bring.

Now Bitcoin success for investment done really overshadow bitcoin purpose as a tool for financial freedom.

You see that rush into investing in something when people dey hype am na human nature be that, and you no go fit exclude that nature from human body, most especially when their is a talk about quick profit making wey most of those people wey been invest in Bitcoin those early stage were told. Of which when they waited and didn't see the quick profit and got fell up and sold up their Bitcoin. And in this case, you can't blame those people for selling our of panic, but you go blame the person that introduced them into Bitcoin investment without telling them the truth, that advantage and disadvantages of it being a decentralized digital currency wey it's price value go always fluctuates up and down. So at this moment, it is our responsibility to teach people about Bitcoin investing right, so that they won't get scared when they see the value of their asset keeps depreciating.

[Jubilee58]

Unfortunately, Bitcoin does not promise investors profit on short term investment. We often see some bitcoin investors complaining of loosing their investment, and end up selling their Bitcoin asset at loss. We should not be surprised to some investors loose their asset because they are investing with the wrong motive, and has misunderstood how bitcoin works.
Some people invest in bitcoin in error, and they complain about making losses, and give bitcoin the wrong name.

If you are investing in bitcoin for short term profit, you are getting it wrong, and will continue to make losses until you change your pattern of investing.
This complaint of making losses, and investing for short term profit is common among newbies, and impatient investors, but you can't see experienced investors complain of making losses in their investment because they quite understand how bitcoin investing works, and how investors are rewarded on long term investing.

[Hypnotizer]

Bitcoin na something way dem create as a decentralized form of money, way Dey allow people to control their wealth without hoping on any bank, the government or anybody.
A lot of people way been enter bitcoin investment or way been adopt bitcoin those days way en start newly been adopt am because of financial freedom or sovereignty and a long term wealth preservation.

Long term wealth preservation? From my perspective, I think people in those early days might haven’t potentially realized how bitcoin would preserve wealth long term not until the first halving because most people during that time don’t even purchase bitcoin with their money….talkless of preserving their wealth in it.

But if you check today some of this new beginners way dey invest or adopt bitcoin their main purpose now na just to make quick money or profit.

You know when people see someone succeed in a particular investment, they’ll have that urge to also get the same success as that person that was there before them and it doesn’t work that way.

When bitcoin been blow up for en price, na so everywhere for social media na about bitcoin discussion and them Dey talk about bitcoin price predictions, trading signals and stories of people way con Dey very rich through bitcoin.
During that time many people buy bitcoin without them understanding how bitcoin Dey work, en purpose and the responsibility way follow for person way get bitcoin.

Nah Wetin I dey talk befat, many people just see the success without the effort and struggle and think the way someone got rich will also make dem rich without being ready to make sacrifices that other person does.

This is the time that bitcoin tests those who are ready to make the sacrifice of see their portfolio red while still believing and Hodling..

[Btcdeybodi]

But if you check today some of this new beginners way dey invest or adopt bitcoin their main purpose now na just to make quick money or profit.

My brother, the truth be say our country don too hard, and no be everybody gets that luxury of time to buy and hold for ten years upward, so na because of that most of these guys dy find wetin go give them quick money. I know say quick profit is not the best way to make real wealth through Bitcoin, but due to how job dy scarce for we country, I no just wan blame anybody again because people just need something wey go fit give them quick money wey them go use guide for the time being.

You talk sense for here brother man, na true say people no dey dey patient to hold bitcoin for long again based on the economic hardship wey dey the country and truly we no go blame dem at all because e get one proverb wey old people talk say ''na person wey get meat for pot dey wait make snail comot water finish first''. Wetin that talk mean be say na when you don get surplus na you fit reason to invest dey wait for long term but person wey just dey manage his life no fit get that kind patience. But for me, i no like the idea of using bitcoin for short term profits due to the high value wey e get. If person wan quick profit it is better for them to find other cryptocurrency invest instead of them to invest in bitcoin with the hope to sell am when their investment never even go anywhere.

[Humblevirus]

Most of those people who are adopting Bitcoin recently are doing it because of the profit they believe they will make from it, and I do not see that as a problem. There are ways to use Bitcoin and make profits from it, whether through trading or investment.However, my advice to newbies who are just coming into the cryptocurrency industry is to calm down and learn first so that they do not make the wrong decisions at the beginning. If they do, they will likely regret it in the long term.

Newbies should avoid the mindset of wanting to get rich quickly through Bitcoin because that kind of mindset can easily lead someone to make poor decisions, such as putting money into Ponzi schemes that promise huge returns or rushing into trading just to make money fast. These are bad decisions because beginners who start trading without proper knowledge often end up losing money.
Therefore, people need to be patient and think carefully before making decisions. Good decisions will benefit them over time and help them avoid regrets as time goes on.

[Cryptomultiplier]

There is a saying I saw on the forum some time ago that "volatility is satoshis gift to long term holder" and what this simply means is that, in bitcoin, patience is truly  a virtue.
A lot of people buy bitcoin because of FOMO(Fear Of Missing Out) and still end up panic selling because they couldn't bear the pains of losing and believe that, they rather sell when they're still seeing something reasonable rather than watching their accounts getting blown and I think most of these newbie investors think holding is trading and maybe think that by holding for much more longer, they might get liquidated which isn't right to me because as long as button isn't dropping to zero, no matter when and the price you invested, your account isn't supposed to drop to zero as long as bitcoins price isn't at zero.

People who enter into Bitcoin investment must have patience to get profit. They must learn to be brave and ignore fear of the unknown when the market seasons are in play to get profit. They must have a timeframe which should be up to a decade to get good profit and they must keep accumulating Bitcoin irrespective of the seasons to get profit.

Those who try to use Bitcoin for short term trades to make reasonable profit, many of the times end up disappointed because they fail to realize that every block of Bitcoin mined reinforces the exact and astute rules of freedom and scarcity before profit, hence why patience and a long term plan to hold is the best solution right now to get good returns or profit.

[Franklyn-wood]

Bitcoin is designed to serve on many purposes as long as it applies to us on different aspect of the financial economy, we have to discover on many areas that can be made applicable to the use of Bitcoin, because we are meant to be profitable with our interest to invest in Bitcoin and also adopt it as a means of holding our assets, things we have discovered that there are a lot of opportunities to get from bitcoin when we consider it as an asset or a profitable investment, which fiat cannot serve the same benefits for us.

Yes Bitcoin is designed to serve in different ways, people, time and purpose depending on there area of attraction and interest. Generally everyone are looking for ways to improve the source of income which gives room to constant search on any business or investment that can yield more benefits fast, reliable and easy. For those who invented in Bitcoin with the aim of getting fast returns on investment, are only making decisions that could later cause great harm to the investor.

[Mate2237]

​I personally believe that no one can make quick profit from bitcoin and let's not even talk about shit coins out there. Basically, it's highly impossible. Those that buy when the price of bitcoin is high are just beginners with no knowledge of how the technology works, and immediately it falls they sell everything off.

 To me that's more like gambling with your funds. If you know you don't have the right psychology then it's not advisable to invest for your own safety, because you will only be taking a big risk. That said don't ever get influenced by what you hear always do your own research. That's just the secret to being a crypto enthusiast. That's

With the current state of the Bitcoin market which has seen in the last six months or more, the price of Bitcoin has not been stable and the price has been fluctuating. So it's now very impossible for any one who is just profit oriented in the short term to make money from the Bitcoin market. Quick profit is one thing that most people has find difficult to get the more reason why most people complain about making lose in their investments and that was because they were thinking about quick profit by investing today and pulling out their money after a couple of weeks later.


Investors should look beyond making money from Bitcoin on a short term, but should be more concerned about their financial freedom which Bitcoin offers especially to long term investors.

[Fivestar4everMVP]

Funny enough some of this people way adopt bitcoin because Dey won make quick money, Dey often panic and sell all their bitcoin when bitcoin price fall or dip, thereby missing that long term benefit way bitcoin Dey design to bring.

Now Bitcoin success for investment done really overshadow bitcoin purpose as a tool for financial freedom.

Na normal thing if you ask me, na with time they go all learn because today, we have more newbie investors in crypto far more than the OGs in the ecosystem, and one fact you must consider be say, back in the days when bitcoin was new, majority of those who invested in bitcoin for long term growth and gain had something else they were doing to make money for livelihood, that is, they are either working and getting paid or they had their own business running and they are making money from it, this is why it was very easy for them to buy bitcoin and forget it until years later when bitcoin has become popular and it's price has risen significantly.

This is unlike today where some students are using their handout to buy bitcoin and hope the price rises over night so they can make some profit, this is money they themselves know they are going to be needing the very next day or maybe a day or two..
This is often the reason why after buying, alot of them end up selling at a loss because the time they need to make use of the money has arrived and they can't wait for the price of bitcoin to rise as they don't even know when that will happen.
This is not how to invest in bitcoin and it's the mistake alot of new investors out there make.

[Pablo-wood]

Its a personal preference, more like when people gamble for quick profits rather than aiming for financial freedom. You could be getting daily accumulative profits and that is totally fine, not everyone has the patience to hold bitcoin for long term.

Bitcoin does not guarantee financial freedom, it just feels easier to be profitable when you are looking at long term, but there are profitable scalpers and short term traders too. But it is best advised to look at long term for better stable profits than risking your assets for short term movements.

If we choose to be honest with ourselves there is almost nothing like daily accumulative profit. Even in bull run we need to wait couple of days to make a meaningful profit. Bitcoin investment has always been a long-term project and its reward to investment ratio is capital intensive. The more value we accumulate the higher our profit margin.

Financial freedom only comes when profit are taken and re-invested at a much cheaper rate thereby taking advantage of the bear market, that way more accumulation can be made with view of another bull run which is on a long-term base to make more profit.

[Agbam]

It's not something that's new cause when you talk about quick profits it's directed to traders cause they're the ones known for taking profits too early and we all know that trading has been ongoing long before now even before people began to realise that Bitcoin is an asset with the potential of financial freedom on the long run.

 Well, like I used to say, "everyone has a choice". While some choose to risk their coin for quick profits others choose to hold it longer and remain patient to get better reward, we can keep advising people to follow the less riskier option but no matter how we do that some people would still make their choice and risk trading.

An impatient person will always make impatient decisions as our characters and attributes differ so our choices in life, some persons are always in a hurry; to make it, to live the flashy lifestyles and so they take the higher risks in hopes of achieving success in a short time but the reality is it always fails. Rome wasn’t built in a day.

Maybe now that we’re in a dip could be an opportunity to invest hard and aggressive while some may sell when price rises some will hold.
The impatient ones will end up using up all their money while the patient and consistent ones reap the fruits of their labour in the long run.

We are all here for profits but how you go about it matters.

[Crytohillss]

There is a saying I saw on the forum some time ago that "volatility is satoshis gift to long term holder" and what this simply means is that, in bitcoin, patience is truly  a virtue.
A lot of people buy bitcoin because of FOMO(Fear Of Missing Out) and still end up panic selling because they couldn't bear the pains of losing and believe that, they rather sell when they're still seeing something reasonable rather than watching their accounts getting blown and I think most of these newbie investors think holding is trading and maybe think that by holding for much more longer, they might get liquidated which isn't right to me because as long as button isn't dropping to zero, no matter when and the price you invested, your account isn't supposed to drop to zero as long as bitcoins price isn't at zero.

People who enter into Bitcoin investment must have patience to get profit. They must learn to be brave and ignore fear of the unknown when the market seasons are in play to get profit. They must have a timeframe which should be up to a decade to get good profit and they must keep accumulating Bitcoin irrespective of the seasons to get profit.

Those who try to use Bitcoin for short term trades to make reasonable profit, many of the times end up disappointed because they fail to realize that every block of Bitcoin mined reinforces the exact and astute rules of freedom and scarcity before profit, hence why patience and a long term plan to hold is the best solution right now to get good returns or profit

There's definitely value in having a long term mindset when it comes to Bitcoin while short term trading can work for some experience trader's most individuals underestimate the risks involved understanding market cycles, managing risk and staying patience are usually more important than trying to observe every move.

[Mhizlove]

Another problem is that alot of newcomers only focuses on bitcoin price but they ignore financial responsibility a d self custody. They knows when to buy but don't know how to secure their coins properly or why bitcoin is being created in the first place. So the thing is that when someone has the understanding on the bigger picture, such person will not see every price dips as a disaster, rather make decisions  based on knowledge instead of excitement or fear