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.

[Bright0515]

Everyone's intention and the reason why they make this investment is to get rich at some point but it is better to be financially free than to just put your hopes on something that doesn't really work out the way we envision it. Bitcoin is an opportunity of the future and there are more gains on Bitcoin that we are going to experience in the nearest future but focusing too much on quick profits can't make anyone achieve anything.

[Ever-young]

I believe we know that some people gave up on bitcoin because of reasons like this, and that’s how they failed in the market. When an individual come into the bitcoin market with such motive they seem to always fail because things are made for a purpose and so is bitcoin. So the moment you try to deviate everything goes wrong.

The generation we have now almost everyone Wants quick money and aswell follow trends as possible, but where they fail in understanding is how to go about it.
I believe there is what we call side hustle, this tends to faster income but the income seem to be minimal and they’re too impatient and as well never content.

Bitcoin is an asset to invest in, a decentralised protocol which screams transparency, freedom to your money, etc. You cannot go wrong if you leave it that way.

[Oyoyoma_yu]

Many people no just know how Bitcoin investing de work, dem just hear sey if you invest for Bitcoin you go make money, but dem no no se you go leave your investment for long term. Now many of these people wey de invest to make quick quick money de fail because dem no de see the profit wey dem de expect instead na losses dem de see for their investment. We don see, and we don also hear about people wey don make better profit for the money wey dem invest for Bitcoin, no be short term investors, but na people wey invest for long term. If you want make profit from your Bitcoin investment, make you no de look your investment every time, because na wetin de make some people panic be dat, when their portfolio don go down, dem go fear, and dem go come sell their Bitcoin for loss.

[Bitcoin Maxi]

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.

People that are entering the market to buy Bitcoin know what they are doing but some still know but often confused about how quick they can be profitable when they invest in Bitcoin. Learning is what will make the difference, those that want to be profitable need to understand the nature of Bitcoin and how they can buy and be patient before selling.

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.

Those that are novice may think that there is a big opportunity when they buy and hold Bitcoin which can give them high reward returns based on how much they are investing. This is how many people see the crypto market and they always think that all crypto investors are very profitable and you don't have to wait for months before bagging some profits.

[Donk1]

​Well if you put it that way, it kinda looks like you prioritize one feature over the other though that's not what you're saying. Yeah I get it but still, Bitcoin needs to be a store of value so it can draw the interest of enthusiasts and also increase adoption, and it needs decentralization so it would not be controlled by the government.no matter how you look at it ,it's easy to say if Bitcoin wasn't a store of value then it would just be a regular decentralized bank, but then it is and the benefits are what make people interested. So from my perspective, Bitcoin might be made for decentralization / financial freedom from third parties but at the end of the day, it being a store of value is the overall core of its creation, so yeah.But folks making use of it irresponsibly is wrong because then they would probably end up calling it names like it's a scam, because of a lack of understanding. That's all........

[Perfect-World]

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.

You know, some people are just after the market movement. They watch the market, but when there is a proposed dip, then Hold it till they see some upward movement, thereby making some profits. And because that's how they want to run there Bitcoin investment, they are just okay with it, ams sincerely, I don't see anything wrong what they have decided to do with there funds and investment. If also, while they have bought some fractions and waiting for it to rise so that they can cash out little too and it keeps failing, it's also there problem to bear, yea.

The issue of buying in down time and selling in upwards movement as a trader, and buying and just HODLing for years as a long term trader is completely personal decision. Either you HODL for years as an investor, or you keep selling immediately for shot gains all depends on what you want and others shouldn't worry on how others want to run there business. Its there personal money after all.

[Brizi5000]

Everyone's intention and the reason why they make this investment is to get rich at some point but it is better to be financially free than to just put your hopes on something that doesn't really work out the way we envision it. Bitcoin is an opportunity of the future and there are more gains on Bitcoin that we are going to experience in the nearest future but focusing too much on quick profits can't make anyone achieve anything.

For sure , there is a potential of making profit In bitcoin but not everyone’s intention is to get rich through bitcoin as there are those who have already acquired lots of wealth and riches outside bitcoin but only thought of how to secure their wealth and gain some financial freedom and this give rise to them investing their money in bitcoin. Being able to make use of their money at their convenience and at any time without interference from a second party or government policies is what drives many into bitcoin investment.

[Uhwuchukwu53]

The matter be say na the reason wey they talk say when person no sabi the purpose for something na misuse or abuse go be the next option, many joining never perceived it, that way but Nigeria happened to them because the economy is not smiling many are just looking for survival before saving or investment but initially that may not be their intentions, I saw a man who sold part of the only property he have to survive hardship I pity him as civil servants but can't blame home because survive is the first when it has to do will investment, some case na people way enter Bitcoin investment without proper knowledge or guide to secured their asset and free from middle men which is the primary purpose but focus on profit due to stomach infrastructure problem of the country hardship.

[Sobz]

Everyone's intention and the reason why they make this investment is to get rich at some point but it is better to be financially free than to just put your hopes on something that doesn't really work out the way we envision it. Bitcoin is an opportunity of the future and there are more gains on Bitcoin that we are going to experience in the nearest future but focusing too much on quick profits can't make anyone achieve anything.

Bitcoin dont make people to become rich and it is not everyone that invest in Bitcoin to become rich. There are some people who understand it doesn't make rich they only invest due to the value of Bitcoin just to make some profits.  Those who invest in Bitcoin to become rich are those that have quick rich mindset and those who are genuinely hodling Bitcoin fir a longterm and have no intention to sell in a given time or no plan to stop holding. Some intention is to hodl for a while , some intention is to become rich quick and some is to invest aggressively and hodl for a longterm.