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

[Anayochukwu]

This thing wey you talk like this na true, I don notice this same thing for social media too and e dey make me laugh because they just dey see Bitcoin investments as the new trend where people dey cash out steady as most Bitcoin investors dey pose for social media like say Dem don make am for life and giving out the wrong information about Bitcoin investments to newbies , and these newbies instead of them to do one or two research Dem go just dey invest blindly without having any idea of how it works and how they are supposed to hold on to their investment during the dip. Jjc just full everywhere and wrong information about Bitcoin also full everywhere for social media too and I come understand say na greed dey push some of these newbies from knowing the truth about Bitcoin.

[Perfectbaby]

This thing wey you talk like this na true, I don notice this same thing for social media too and e dey make me laugh because they just dey see Bitcoin investments as the new trend where people dey cash out steady as most Bitcoin investors dey pose for social media like say Dem don make am for life and giving out the wrong information about Bitcoin investments to newbies , and these newbies instead of them to do one or two research Dem go just dey invest blindly without having any idea of how it works and how they are supposed to hold on to their investment during the dip. Jjc just full everywhere and wrong information about Bitcoin also full everywhere for social media too and I come understand say na greed dey push some of these newbies from knowing the truth about Bitcoin.

But why on earth would someone follow what is on social media to start making their investment without having the in-depth knowledge regarding to what they are going into as investment.
Of course, it is actually good to invest but at least key knowledge is always better before jumping into doing what they don’t know how it works for any reason. Those who also picked information through socials are also doing wrong because they don’t know how it works and they sees someone talks about it then they are automatically triggered.

[NewRevelation]

This thing wey you talk like this na true, I don notice this same thing for social media too and e dey make me laugh because they just dey see Bitcoin investments as the new trend where people dey cash out steady as most Bitcoin investors dey pose for social media like say Dem don make am for life and giving out the wrong information about Bitcoin investments to newbies , and these newbies instead of them to do one or two research Dem go just dey invest blindly without having any idea of how it works and how they are supposed to hold on to their investment during the dip. Jjc just full everywhere and wrong information about Bitcoin also full everywhere for social media too and I come understand say na greed dey push some of these newbies from knowing the truth about Bitcoin.

But why on earth would someone follow what is on social media to start making their investment without having the in-depth knowledge regarding to what they are going into as investment.
Of course, it is actually good to invest but at least key knowledge is always better before jumping into doing what they don’t know how it works for any reason. Those who also picked information through socials are also doing wrong because they don’t know how it works and they sees someone talks about it then they are automatically triggered.

Anybody wey no check well, no information or even small knowledge come go buy Bitcoin because say small money or big money dey in hand go suffer am by in self na. Na so dis life just be. Anything wey person do, e just dey important say in go get small knowledge first before in go start. But if busy body carry them start, and them no check properly, den anything wey come out, them go hear am. Dat time now, Dem go come online come dey shout, lament and cry, come dey label Bitcoin bad, but all na there fault. It's always best to check before involving

[Nasdel4]

Na common for people to always panic sell when price drop small or below 80% of wetin the buy am initially forgetting say e go rise again. E don be say people this days dey buy bitcoin for quick profit instead of holding. Some even believe say once them buy bitcoin their life go change overnight but this idea dey absolutely wrong because only people wey leave their bitcoin for long-term government actually see a substantial difference which will be profit.

[MorganaX]

Well, the sole purpose of investing in bitcoin is to become wealthy, this is what most people are interested in most especially nigeria whete the economy hits really hard. it is okay to aim for financial stability as an investor in bitcoin but a lot of beginners would rather chase quick profits which is one of the fastest ways to lose money. Bitcoin investment is an all about becoming stable financially.

[Nasdel4]

Once you start to invest in bitcoin for the wrong reason, you no go make am for bitcoin. Bitcoin is not a short term investment plan, people should be aware of this before going into bitcoin. People wey buy bitcoin a long time ago dey enjoy the reward now and na so people wey buy now go later enjoy but the question is this... Do you have the patience? As we know bitcoin has a pattern which is dipping and rising, so if you patiently wait for a dip and buy, you will also have to be patient enough to wait till it rises. That's why it's advisable not to use emergency funds for this purpose.

[Derekfunds]

Well, the sole purpose of investing in bitcoin is to become wealthy, this is what most people are interested in most especially nigeria whete the economy hits really hard. it is okay to aim for financial stability as an investor in bitcoin but a lot of beginners would rather chase quick profits which is one of the fastest ways to lose money. Bitcoin investment is an all about becoming stable financially.

I think you are exaggerating which one is investing to be wealthy this word "wealthy" doesn't it sound too big and somehow? Perhaps that is why people make mistake because I can say this is over expectation. How much is someone investing that rhey want to be wealthy through Bitcoin investment? I think the primary aim or goal should be to have financial freedom or make profit from Bitcoin which is very much realistic but becoming wealthy with Bitcoin investment is not realistic.

[Yorubek]

Well, the sole purpose of investing in bitcoin is to become wealthy, this is what most people are interested in most especially nigeria whete the economy hits really hard. it is okay to aim for financial stability as an investor in bitcoin but a lot of beginners would rather chase quick profits which is one of the fastest ways to lose money. Bitcoin investment is an all about becoming stable financially.

The main objective of any investment is to make money, this is a very natural thing and an investor may have various objectives by investing in Bitcoin, but the main objective is to gain financial independence as well as to get long-term profit from Bitcoin. But people invest in Bitcoin in the hope of getting money quickly, but it is not possible to get rich quickly or make profit by investing in Bitcoin, this is absolutely transparent. However, there are some new investors who invest in Bitcoin with the motive of getting rich quickly without paying attention to this fact of Bitcoin, but as a result they face financial losses.

[Cossyblack]

Well, the sole purpose of investing in bitcoin is to become wealthy, this is what most people are interested in most especially nigeria whete the economy hits really hard. it is okay to aim for financial stability as an investor in bitcoin but a lot of beginners would rather chase quick profits which is one of the fastest ways to lose money. Bitcoin investment is an all about becoming stable financially.

We can't deny the fact that we invested in bitcoin for profits,they are other reasons why people invest in bitcoin,as a store of value to preserve their wealth, security of their funds and for speedy transactions.  They could be other reasons why people use bitcoin but they aren't genuine but they are still reasons anyway, people uses bitcoin for money laundering,and to receive and send out illicit funds but these activities are illegal and should be avoided.  Bitcoin shouldn't be use to make transactions like these because that is not how it was created to be use.

So if we are using bitcoin, we should ensure that we use it for the purpose it was designed for,satoshi nakamoto didn't create bitcoin to aid criminal activities, so people using it for such purposes should desist from it because they are making bitcoin looks bad in the eyes of people.

[Youngrebel]

We can't deny the fact that we invested in bitcoin for profits,they are other reasons why people invest in bitcoin,as a store of value to preserve their wealth, security of their funds and for speedy transactions.

Me personally I can’t deny that i don’t started bitcoin just because of profits when I first heard of bitcoin the only thing in my mind was I now have a platform to invest in and hoping to have profit when ever I trade even before I got to discover other usefulness of bitcoin it took a while before I began to use bitcoin to pay some kind of bills, purchase other things and many more. So u are right at first the idea was to make quick profit and thats just the truth any other idea ok investment in bitcoin came after trading of involving your self in it.

[Fiasem20]

Well, the sole purpose of investing in bitcoin is to become wealthy, this is what most people are interested in most especially nigeria whete the economy hits really hard. it is okay to aim for financial stability as an investor in bitcoin but a lot of beginners would rather chase quick profits which is one of the fastest ways to lose money. Bitcoin investment is an all about becoming stable financially.

Bitcoin shouldn't be use to make transactions like these because that is not how it was created to be use.

E dey right say you dey tell pipo make dem no use bitcoin for illegal activities but wetin you yan for here no be truth.If dem don create bitcoin make bitcoiners use am for the transactions then wetin dem really create am for,normally Satoshi state plenty reason why him dey create bitcoin and investment or for users to become rich no follow wetin make am create bitcoin,him state am clearly say him dey come up with the invention so that people fit buy and sell their goods and services online with bitcoin,so wetin I dey try talk be say bitcoin na digital cash and him also make am known say him dey create bitcoin to prevent double spending.So na people just come up with the investment idea and eh dey workout no be say na Satoshi primary aim when make am create bitcoin.