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

[Webutxo]

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.

I strongly believe that the profits is the main objective and aim, other objectives might not be that serious. If you invest in Bitcoin and you are doing it because you are hedging funds against inflation, you are still looking for the profit that will save your money from becoming valueless. The governments that are yet to sell some of the criminally seized Bitcoin ar keeping it because they have seen how valuable Bitcoin has become all these years.

Elon Musk that bought Bitcoin in 2021 is holding half of the Bitcoin he sold, the investment is sitting there. If they are not making profits in the investment, they would have sold and go back to other things in Tesla that will give them what you they want but you can see, he is still holding it and there is no plan of selling. Strategy did the same thing, they holding and are very concerned about the future of Bitcoin which indirectly the profit.

[Different patterns]

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.

Exactly, everyone invest with the aim of making profit, if there’s no profit, what is the essence of investing.? And I also believe that bitcoin investors also gain financial freedom, but not easy as some people think of it, that why they can’t find quick money as they expect, because bitcoin itself is unpredictable, you can’t tell exact how the next market will react, that’s why even the investment that you are expecting quick profit, there’s no guarantee for your profit. My opinion is that investing in bitcoin should always plan as long term investment not something that will generate quick profit.

[Dannyella]

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.

Quick profits can be tempting but they also make people rush into trades and make unnecessary risks or panic when the market goes down.
 
To achieve financial freedom, all you have to do is learn about bitcoin ,invest in what you can afford to lose and give your investment enough time for it to grow.

Bitcoin can still bring profit overtime but focusing on making money quickly might make you lose sight of the bigger picture

[Crakryptvest]

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.

You said at some point, it means you're thinking for people, does it mean that you don't believe that there are people whose reason for investing in Bitcoin, is for protecting their wealth against inflation, although many people are investing for the profit, but most wealthy men and women intentions are different from others, because they understand how important it is to protect their wealth from economic melt down, that can deprecate the wealth of individual over night, people should rather see Bitcoin as a way to grow their wealth gradually for the future instead of feeling that it is an investment for fast profit, which is not right.

[RockBell]

Exactly, everyone invest with the aim of making profit, if there’s no profit, what is the essence of investing.? And I also believe that bitcoin investors also gain financial freedom, but not easy as some people think of it, that why they can’t find quick money as they expect, because bitcoin itself is unpredictable, you can’t tell exact how the next market will react, that’s why even the investment that you are expecting quick profit, there’s no guarantee for your profit. My opinion is that investing in bitcoin should always plan as long term investment not something that will generate quick profit.

Profit is one of the main reasons why people are investing, and if there is no profit, they will not have the intention to invest. The problem is they always want to make quick profit, and that is the problem. All this is because most of them are seen that way, which is why they want to calm down and wait till they can make a profit. We know that everybody wants money, but when you are investing, you have to wait because after buying the two things that you need to do is just for you to buy and hold, then add more. Then you have to be patient because there is no two ways about it there is no way that you will buy and not wait. So, if you want to wait, it will be best for you not to buy, because there is no quick profit in this game, so the fact that you have to buy.

[Itz-prisigold]

Profit is one of the main reasons why people are investing, and if there is no profit, they will not have the intention to invest. The problem is they always want to make quick profit, and that is the problem. All this is because most of them are seen that way, which is why they want to calm down and wait till they can make a profit. We know that everybody wants money, but when you are investing, you have to wait because after buying the two things that you need to do is just for you to buy and hold, then add more. Then you have to be patient because there is no two ways about it there is no way that you will buy and not wait. So, if you want to wait, it will be best for you not to buy, because there is no quick profit in this game, so the fact that you have to buy.

The only point I think is valid in your comment is about patience, but I don't totally believe that the main motivation of people investing in Bitcoin is just to make profit.  Some investors are just interested in Bitcoin for other reasons such as owning something they can control themselves, owning something that protect their savings from losing value, or just being part of an alternative financial system.

Among people who are investing in Bitcoin for profit, not all of them are seeking immediate profit. Some investors are just gradually accumulating Bitcoin with money they can afford, because they believe in the long term potential of Bitcoin.

So anyone that wants to invest in Bitcoin should at least understand why they want to start Bitcoin investment and they should also have realistic expectations on Bitcoin, not having the expectation that Bitcoin will make them wealthy overnight. So we should stop assuming everyone that's investing in Bitcoin is doing it for quick profit.

[BoiCrypto]

​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.

That's why it's always advisable to be knowledgeable before investing in Bitcoin, because that is the most important thing you should do before doing any other thing.

However, the problem some of us have as a beginners when we invest if the price of bitcoin is high, is because some of think it will continue going higher don't care to know how the market moves and that is where problem comes.  

[Fiasem20]

​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.

That's why it's always advisable to be knowledgeable before investing in Bitcoin, because that is the most important thing you should do before doing any other thing.

However, the problem some of us have as a beginners when we invest if the price of bitcoin is high, is because some of think it will continue going higher don't care to know how the market moves and that is where problem comes.  

Oyibo man talk say knowledge dey important na all this ones be the reason,dem say wetin you no know big pass you and na truth.Me I dey advise most people wey wan enter into the bitcoin market to make fast profit to look for other short term investment because bitcoin no go perform that kind magic wey dem dey find,after all the coin no dey guarantee short term profit,but if mistakenly beginners go invest in shitcoins con still hold am for the long term na that time dem go know wetin e mean to learn the hard way.Even if you no fit acquire plenti knowledge e go still good make beginners get this knowledge for their head before dem enter the crypto space,knowledge like bitcoin no be get quick rich investment.

[Ashawowo(OS)]

...

I strongly believe that the profits is the main objective and aim, other objectives might not be that serious. If you invest in Bitcoin and you are doing it because you are hedging funds against inflation, you are still looking for the profit that will save your money from becoming valueless. The governments that are yet to sell some of the criminally seized Bitcoin ar keeping it because they have seen how valuable Bitcoin has become all these years.

Elon Musk that bought Bitcoin in 2021 is holding half of the Bitcoin he sold, the investment is sitting there. If they are not making profits in the investment, they would have sold and go back to other things in Tesla that will give them what you they want but you can see, he is still holding it and there is no plan of selling. Strategy did the same thing, they holding and are very concerned about the future of Bitcoin which indirectly the profit.

Even though profits are part of the aim, but those you mentioned aren't going for short-term profits which appears to be some kind of problematic for those who aim at it. If investors can go long-term in Bitcoin, they've better chances at real profits.

Profits aren't the main objective for everybody, you should want to invest in a cash system that eliminates government censorship and allows you to be in total charge of your finances, no limitations, you spend it as you want and when you do. Government manipulations see fiat reduce in value. Preserving your money from such manipulations should be worth the investment as well.

[Gost ms]

​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.

That's why it's always advisable to be knowledgeable before investing in Bitcoin, because that is the most important thing you should do before doing any other thing.

However, the problem some of us have as a beginners when we invest if the price of bitcoin is high, is because some of think it will continue going higher don't care to know how the market moves and that is where problem comes.  

It is not necessary to know how the price of Bitcoin is going to move or how the price of Bitcoin is increasing to invest. If a person is able to find a source of discretionary income, then he can start investing and after starting investing, he can gain knowledge on other topics. For example:

Bitcoin network
Importance of emergency fund
Wallet
Long-term goals
What steps need to be taken to protect investments.
Etc.

All these things can be achieved along with starting investing. When a person is willing to learn all these things before starting investing, he can miss out on many buying opportunities and fall far behind the goal of building a portfolio. So it is better to continue gaining knowledge after starting investing or as soon as you start investing.

[Big Dirams]

...

I strongly believe that the profits is the main objective and aim, other objectives might not be that serious. If you invest in Bitcoin and you are doing it because you are hedging funds against inflation, you are still looking for the profit that will save your money from becoming valueless. The governments that are yet to sell some of the criminally seized Bitcoin ar keeping it because they have seen how valuable Bitcoin has become all these years.

Elon Musk that bought Bitcoin in 2021 is holding half of the Bitcoin he sold, the investment is sitting there. If they are not making profits in the investment, they would have sold and go back to other things in Tesla that will give them what you they want but you can see, he is still holding it and there is no plan of selling. Strategy did the same thing, they holding and are very concerned about the future of Bitcoin which indirectly the profit.

Even though profits are part of the aim, but those you mentioned aren't going for short-term profits which appears to be some kind of problematic for those who aim at it. If investors can go long-term in Bitcoin, they've better chances at real profits.

Profits aren't the main objective for everybody, you should want to invest in a cash system that eliminates government censorship and allows you to be in total charge of your finances, no limitations, you spend it as you want and when you do. Government manipulations see fiat reduce in value. Preserving your money from such manipulations should be worth the investment as well.

Even investors that goes for the long term holding of bitcoin do have higher chances of profits and good returns but we shouldn’t forgets that profits isn’t even guaranteed for those with the long term holding then talk less of those that are holding for short term. Either we go for short term or long term profits isn’t guaranteed but there are chances of success higher in long term holding than short term so as an investor why not take the higher possibilities and wait patiently for some years and witness high returns.
 The mindset of making fast money with bitcoin is a risky one and if we don’t apply caution we might end up losing the investment. To make good returns from bitcoin, we will be ready to stay patient and not rush it even a bit.

[Nightwatchmare]

As far as some people who in invested Bitcoin very early had the opportunity to make plenty of profit just in buying Bitcoin and holding it for a long term, there will always be people who will want to invest in Bitcoin for quick profit or short term profit, do you know why? It is because they are greedy, they cannot hold Bitcoin for a long term even if Bitcoin is not a quick to get rich soon, and they want to get rich overnight, the people who will invest in Bitcoin for a long term are those people who have understood Bitcoin investment is all about being patient and they are ready to go through that road.

[Decimetre]

As far as some people who in invested Bitcoin very early had the opportunity to make plenty of profit just in buying Bitcoin and holding it for a long term, there will always be people who will want to invest in Bitcoin for quick profit or short term profit, do you know why? It is because they are greedy, they cannot hold Bitcoin for a long term even if Bitcoin is not a quick to get rich soon, and they want to get rich overnight, the people who will invest in Bitcoin for a long term are those people who have understood Bitcoin investment is all about being patient and they are ready to go through that road.

Understanding the real value of bitcoin is very key to knowing the right way to go about bitcoin because if you see it as an all profit enterprise, it will affect the way you treat bitcoin. There are still people who are in bitcoin for the main purpose of preserving their fund's value, to beat inflation or even to conceal money from the government interference. This is true financial freedom because you are in control of your wealth. You can see most of these people among the rich investors who have accumulated wealth and seeking for its safety. Other set of investors are profit minded. They spend more energy on the charts than on their self. These set of people can panic or get distracted by little market shift and they will lose their money because they put profit first before value.

[Female King]

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.

Exactly, everyone invest with the aim of making profit, if there’s no profit, what is the essence of investing.? And I also believe that bitcoin investors also gain financial freedom, but not easy as some people think of it, that why they can’t find quick money as they expect, because bitcoin itself is unpredictable, you can’t tell exact how the next market will react, that’s why even the investment that you are expecting quick profit, there’s no guarantee for your profit. My opinion is that investing in bitcoin should always plan as long term investment not something that will generate quick profit.

You should know that bitcoin doesn't guarantee us profit and i don't think it's every body that went into bitcoin with the aim of making profit some actually bought bitcoin as a store of value and some also for the future purpose. Bitcoin is a long term investment and anyone going into bitcoin investment should have a plan of holding for long and since we are not guarantee to make profits we shouldn't use money we can't afford to lose to invest in bitcoin, investing in bitcoin should be with our discretionary income which funds we can actually afford to lose.

[Asiska02]

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.

People don’t need to beat around the bush about bitcoin, no one will hold you accountable for the reason you’re investing into something as long as the investment will yield positive outcome for you. It was first invented to serve as an alternative to the fiat currency, but that primary wasn’t enough reason for people to invest into bitcoin. The fact that one can invest into it as an investable asset and make profit made it more worthwhile and more acceptable by the masses. Bitcoin wants adoption and it is already happening and we can’t deny that people came because of the profit they can get from it. The best part of it is that, it is still maintaining its decentralized structure despite being seen as an asset more rather than a currency.

[Out of mind]

That we have the intention to adopt bitcoin does not mean we should only becausecentrated on one benefit, there are some other things that you serve as advantage to us for adopting this Bitcoin, such could be the financial freedom you mention earlier, the profitability, lesser cross boarder transaction fee, control over financial assets and so many other advantages that make us to live in centralized financial economy to solid depend on a decentralized network with blockchain technology and bitcoin is the final solution to the destination we are heading to.

Of course, when we decide to accept Bitcoin, we should not only focus on financial benefits, but we should enjoy many other benefits if we accept Bitcoin. By investing in Bitcoin, we can protect our assets in addition to financial benefits. By investing in Bitcoin, our privacy will be protected, and by investing in Bitcoin, it will be completely under our control. Those who are experienced and knowledgeable are interested in investing by focusing on all the benefits of Bitcoin and they invest in Bitcoin for the long term in order to take advantage of every benefit. And at the stage we are at now, we must definitely make our destination better. Bitcoin will be the only reliable currency for our future. The current position of Bitcoin will definitely go to a better position in the future, in which case Bitcoin will be the final solution for everyone.

[Dzwaafu11]

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.

One thing be say beginners wey they enter the crypto space now, their blood too they hot to get quick money. They no wan learn wetin they suppose to learn before they put their money for bitcoin investment and na why e they affect them,  you go aww see say person invest for Bitcoin e never tey or even upto 3 to 4 months him go do de expect profit, at last if hey see say profit no wan come or they see say the market they drop they go rush sell am even at lost.

So person wey be like that you go see say na lack of proper knowledge from brgining him no get, if not person wey understand no wetin butcoin is all about, go learn, how to store your Bitcoin safe, market movement and how to avoid the risk that is attach to the investment.

[Agathamay]

Those eras were needed for the bitcoin story and it can't also be evicted because there would always be people who will always buy out of FOMO and I wouldn't blame them because most times it is ignorance and it can't even be take out of humans but what matters now is that, we that are informed are total not make same mistake and try not to treat bitcoin as a ponzi scheme or a get rich quick business.

[Positive_mind]

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've made quite a good valid point here because what you just described is the exact reality now of how Bitcoin has evolved over the years since it was created.

Tracking this back to Satoshi Nakamoto’s mission behind the invention of Bitcoin written in the white paper, the original vision was very clear: “to create a peer-to-peer electronic cash system that is built to give people full control over their money and a hedge against inflation, surveillance by banks, and a third-party system of control they've created over the years”

Sadly, that people still see Bitcoin as a get-rich-quick scheme, where they throw in money and cash out the next day, and this calls for a proper orientation, which is why this forum is here and has been doing.