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

[Princess Leah]

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Both quick profits and financial freedom are still the same, because at the end of the day both of them are expecting profits The necessary thing is how they chose their ways. Whether a long term or short term investments every is free to choose which is suitable for them. We can't help other people to make decisions about their lives, especially if it concern finance. Having the mindset of quick profits or financial freedom cannot increase the amount of Bitcoin that you have, the most important thing is your effort and your willingness to know everything concerning bitcoin and investment, that is the only way you are going to survive it.

That's a very wrong ideology and you should desist from that thought dear cause what you're saying is that a trader and long term investor is same thing which is wrong. What you don't understand is that long term investment is not centered around profits but building a portfolio that would attract better gains in future.

 While those using Bitcoin for quick gains are always bother about profits which is why they panic whenever they're losing whereas a long term investor barely panic when losing cause of the awareness that Bitcoin is progressive and would recover in future. So, the expectations might be same but time of expectations makes them totally different, hope you get that clear.

[Orpichukwu]

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.

People are quick to learn and believe the success stories of people who have made it, but they are never ready to pay attention to how come about those success stories. I no longer pay attention to such a set of persons if they want to chase quick profit; allow them, and they will learn the hard way, which is the best way to inscribe the right information into their heads.

[Female King]

Everyone has a choice to make, and I am keen on respecting their decisions. Taking profit is never a wrong decision. It is a decision for someone who dont want to stay longer in the investment. But a lot of you guys who have the mentality that long-term profit is the best do conclude that anyone who is not making a similar decision with you guys is on the wrong path. Bitcoin isn't all about the long term after all. What you put in Bitcoin will determine what you will get in return.

Both quick profits and financial freedom are still the same, because at the end of the day both of them are expecting profits. The necessary thing is how they chose their ways. Whether a long term or short term investments every is free to choose which is suitable for them. We can't help other people to make decisions about their lives, especially if it concern finance. Having the mindset of quick profits or financial freedom cannot increase the amount of Bitcoin that you have, the most important thing is your effort and your willingness to know everything concerning bitcoin and investment, that is the only way you are going to survive it.

Quick profit has landed people in problem, some get scammed because of investment that talks about quick profit, you may be expecting quick profit and lost all you invested, although people can do what they want to do but investing in bitcoin for a short time is trading and trading comes with many risk and to survive somehow in trading you need to have some experience about short time trading, you will regularly be checking and monitoring the market to know when to pull out profit but the truth is that even though people make profits in investing for a short time it can't be something compare to when an investor buy bitcoin and hold for a long time.

[Swift_tr]

This is common with newbies because when they hear the word Bitcoin what comes to mind is quick money and this is where they get it wrong. I know at this point they barely have a clue but over time with conscious effort to understand what bitcoin really is, they begin to understand that it's not a scheme for quick profit instead of properly utilized leads to financial freedom. Financial freedom doesn't necessarily mean you become extremely rich but in terms of being able to control your own wealth without a third party like government policies affecting it because it is an independent commodity.

For those that jump into bitcoin with the idea that it's a get rich quick investment usually get disappointed when they start facing certain known facts like it's volatility. The first dip after buying is usually the breaking point for most new investors because they suddenly think their investments are going down the drain but that's not the case. It's just a periodic alteration that occurs and if they got better understanding before jumping in, they would have understood this before it happened. Most investors at this point begin selling off their bitcoin to avoid further dipping which obviously is a wrong move.

[Saltysugar99]

Quick profit has landed people in problem, some get scammed because of investment that talks about quick profit, you may be expecting quick profit and lost all you invested, although people can do what they want to do but investing in bitcoin for a short time is trading and trading comes with many risk and to survive somehow in trading you need to have some experience about short time trading, you will regularly be checking and monitoring the market to know when to pull out profit but the truth is that even though people make profits in investing for a short time it can't be something compare to when an investor buy bitcoin and hold for a long time.

We invest in bitcoin with the aim of profit. But we have to pay attention to one thing that we cannot make any decision that will harm us while making profit. Now it is unlikely that we will be able to make quick profit by investing in bitcoin. Because it is almost impossible to make an accurate prediction of the price in the short term . That is why a person should think about profit but it should not affect him in such a way that it hinders him from holding it in the long term. His mentality should not change and he should not get motivated towards short-term trading. There are many people who after seeing the price increase a little after a few days of investment stop buying bitcoin regularly, withdraw that money and wait for the price to decrease again so that they can buy bitcoin at adip and sell it again at a higher price. This kind of thinking and the tendency to change their decision in the middle of the investment and sell bitcoin may give profit once or twice. But due to the increase in risk, you may also face financial losses in the long term. Therefore, everyone should keep a long term mindset when investing in bitcoin.

[gracreavix]

Guy those last words is just it. “Bitcoin success in investment has overshadowed Bitcoin purpose” A vast amount of people that holds Bitcoin today are holding Bitcoin because of its returns potential with the aim of making profit, and not for its original purpose why it was created which is for individual to have control over their own money.

And this quick profit mentality is what has cause a lot of the financial mistakes a lot of investors has made around Bitcion investment today. People going in with funds not meant to be in Bitcoin, just because they’re promised or hoping for good returns.

[Obulis]

Already, Bitcoin trading are generally one of the global trends and if you check peoples response to trends mostly financial trends, you will notice that some people even loss their sense looking at their responses towards these trends. It is not new or news how some people go as far as selling other belongings to adopt Bitcoin with all mind made up to trade at any accepted Bitcoin price increment  and some times the fear of Bitcoin price decrement pressure them to sell at lose to avoid further decrease and I guess this is one of the major reason why Bitcoin trading has always been labeled GAMBLING. The drive for quick gains! It's not also new or news how some people have gone as far as borrowing money to adopt Bitcoin for trading.

[danieldavidd]

Of course  it true, is not something new to investors when we rivers back why is bitcoin being created in the first place bitcoin was created for people to have financial freedom and to be free while making transaction without any traditional bank,  but is it
a bad decision that most investors make of making their profit in a short period  of time no. because every investor has his own target which you can't blame them for that. That why bitcoin gives you the freedom of making decisions of on  funds by yourself.

[Abdulzuruku01]

Both quick profits and financial freedom are still the same, because at the end of the day both of them are expecting profits. The necessary thing is how they chose their ways. Whether a long term or short term investments every is free to choose which is suitable for them. We can't help other people to make decisions about their lives, especially if it concern finance. Having the mindset of quick profits or financial freedom cannot increase the amount of Bitcoin that you have, the most important thing is your effort and your willingness to know everything concerning bitcoin and investment, that is the only way you are going to survive it.

Quick profits and financial freedom are not the same because financial freedom is beneficial to every investor while trying to make quick profits is just like trading and in my opinion that’s not Bitcoin investing. In fact I don’t consider people who treat Bitcoin as a way of making quick profits to be investors because it's a wrong move and there’s no guarantee of quick profit in any investment.

Yes it’s people’s choice to make their own investment decisions. But guiding them to do the right thing is very important since we are not telling them the amount they should invest. Investing for the long term is beneficial because there’s a possibility of making profits. But treating Bitcoin as a way to make quick profits can even cause you to lose your funds if care is not taken.

[Nightwatchmare]

Plenty of people see Bitcoin as what they can make money with and make an ends meet, some of these people do not have good source  of income that gives them discretionary income to buy Bitcoin and hold for the long term, instead of them to stay without buying Bitcoin they decided to buy Bitcoin with the money meant for their essential things, which make them to immediately sell their Bitcoin the moment they see small profit in the Bitcoin they bought. After i realized this i no longer try to convince someone who is not ready to hold his Bitcoin for the long term because i do not know what the person is passing through in life.

[Johncarter14us]

A lot of people see bitcoin as an opportunity to get quick money which not true , they are misled by what they hear without getting their facts right so they dive right in by buying some bitcoin. Some go to the extent of borrowing from friends and family or even the bank to make this investment.

It's unfortunate to say that a lot of people don't do their own research to get the facts and when that category go into bitcoin blindly they start regretting their actions and this occurs when there is a fall in price, at this point they begin to panic.

When people panic they do things that they wouldn't do on a normal day, some holders would sell some while other sell everything and take the loss but an investor with strategy would not panic sell but instead continue buying the dip.

[Stable090]

A lot of people see bitcoin as an opportunity to get quick money which not true , they are misled by what they hear without getting their facts right so they dive right in by buying some bitcoin. Some go to the extent of borrowing from friends and family or even the bank to make this investment.

If you think bitcoin is a get rich quick scheme, then you are making a big mistake, because if you invest in bitcoin, and the price didnt increase as expected, you will end up getting disappointed, and you will end up getting frustrated and might even sell the bitcoin at lose. Bitcoin is not a Ponzi scheme, don’t take a loan to invest in bitcoin(only if you have other means to pay back the loan), always have it in mind that you are suppose to hold for long term, don’t expect profits within a short period of time.

It's unfortunate to say that a lot of people don't do their own research to get the facts and when that category go into bitcoin blindly they start regretting their actions and this occurs when there is a fall in price, at this point they begin to panic.

If you don’t do your research before investing, then you going to be disappointed at the end, you can’t avoid that. Before you put money in anything, make sure you do your research first, make sure you have proper understanding of where your money is going to, don’t just invest because you hear that people are making money from it.

[Franklyn-wood]

See it’s normal, anything wey be say e Dey give profit or money the possibility of abuse is going to be very high, like gambling when e start na just entertainment as old men Dey play draft for hood but as of today na people na means of earning so no easy. Bitcoin na investment wey suppose take long to reap but because of the way e give people money from the few years of it starts it not longer that bitcoin we know of it’s now a quick money scheme which in reality is not supposed to be but not for poor masses wey Dey find money.

Make nobody put their mind for Bitcoin to give them financial freedom. The chances are less than before when be say, single handedly person fit buy 1 Bitcoin, as of now the price of Bitcoin done high so much, make we no blame who they invest for quick profits, profits na the actual koko why anybody go choose to invest, as the economy hard reach, find the quick profits but no lose in the process.

Bitcoin now done become hot cake for people now because everyone want to gain from it. A friend was discussing with me, and he said I prefers buying Bitcoin with his reserved money than to to keep it in the bank. And explained how he bought Bitcoin when it was $77000 and sold when it was $80000. We can't stop people from tryt to take advantage of Bitcoin, just like this guy, some also tried what he did and run loss and couldnt regain there lost coin back.

[Princess Leah]

Bitcoin now done become hot cake for people now because everyone want to gain from it. A friend was discussing with me, and he said I prefers buying Bitcoin with his reserved money than to to keep it in the bank. And explained how he bought Bitcoin when it was $77000 and sold when it was $80000. We can't stop people from tryt to take advantage of Bitcoin, just like this guy, some also tried what he did and run loss and couldnt regain there lost coin back.

As our economy dey crash by the day and government no even get plans to solve the issue, Bitcoin na one of the best option to use preserve  money and secure future wealth those wey rich to preserve their money with am again inflation and those wey poor but fit still use am secure financial freedom for future so na better thing for both rich and poor people.

 Anyways that your friend na trader na why em dey use Bitcoin for quick gains real holders dey hold for years, about 4-10 years interval, sha anybody fit choose to use Bitcoin for different purpose but I go advise people to try hold an cause dem no go regret am for future.

[Female King]

A lot of people see bitcoin as an opportunity to get quick money which not true , they are misled by what they hear without getting their facts right so they dive right in by buying some bitcoin. Some go to the extent of borrowing from friends and family or even the bank to make this investment.

It's unfortunate to say that a lot of people don't do their own research to get the facts and when that category go into bitcoin blindly they start regretting their actions and this occurs when there is a fall in price, at this point they begin to panic.

When people panic they do things that they wouldn't do on a normal day, some holders would sell some while other sell everything and take the loss but an investor with strategy would not panic sell but instead continue buying the dip.

Bitcoin investment is not a ponzi scheme for one to think that it's a get rich quick scheme, bitcoin is long time investment and not what we should invest now and expect a huge return tomorrow. It's important people make there research very well before going into what they don't know or understand how it works, bitcoin is an investment that doesn't even guarantee us profit, it's a 50/50 investment that is why we are invest in bitcoin with money we can afford to lose but our focus should be buying and holding for long without planning of buying the dip to sell when the price skyrocket as this mindset can make you to sell your bitcoin when your expectations aren't working again.

[MyWarLord]

Yes that’s true, most people go into bitcoin without having the knowledge and understanding of bitcoin and how bitcoin works. You see people risking their funds to buy bitcoin without understanding what they are actually buying. Beginners mostly fall victim because they don’t take their time to do proper research, all their mindsets is just to make quick profit without thinking about the disadvantages.

[LOVER BOY 422]

It is normal for every person to have a different perspective on Bitcoin some invest with a long-term plan and some invest with the hope of making quick money. Most people buy Bitcoin with the hope of making profit, but there may be a small number of people who have chosen Bitcoin only for financial freedom. It is not bad to withdraw profit through investment, but it is very important to gain proper knowledge about Bitcoin before starting investment it is not right to choose Bitcoin just in the hope of making extra profit without knowing or understanding anything. If we have proper knowledge about Bitcoin, we will not be disappointed quickly as a result of investment, we will be able to hold Bitcoin in the long term and enjoy all the benefits from Bitcoin in the future.

You are very correct, in as much as we are doing Bitcoin investment it doesn't mean that we can't make profit from it , we all need financial freedom and profit as well , but trying to make money from Bitcoin investment when you have not yet invest what else can you profit, Bitcoin investment is simply means what you put in determines on what you will profit in future, so it doesn't means that those investing in Bitcoin doesn't need financial freedom as well , two things are there , profit and financial freedom which everyone need , so anyone who has a proper knowledge of Bitcoin investment and invest in it , must have to think of profit in future.

[Yandakava]

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.

It is not everyone that is after quick gains, also we should know that nobody is investing to become poor after many years of holding. Bitcoin is not a life changing opportunity that people assume immediately, but it is an opportunity to build wealth for the future. We all understand how it feels saving in naira, our money lose value against other currencies. Our country is not easy for any man, we hustle every day to get better, I don’t blame anyone for chasing quick gains, but we should be wise enough with the decision we make today.

With the way our government borrows money from different countries can affect the value of our currency, instead of keeping a cash in our bank accounts, we should invest for the better future.

[Su-asa]

It is normal for every person to have a different perspective on Bitcoin some invest with a long-term plan and some invest with the hope of making quick money. Most people buy Bitcoin with the hope of making profit, but there may be a small number of people who have chosen Bitcoin only for financial freedom. It is not bad to withdraw profit through investment, but it is very important to gain proper knowledge about Bitcoin before starting investment it is not right to choose Bitcoin just in the hope of making extra profit without knowing or understanding anything. If we have proper knowledge about Bitcoin, we will not be disappointed quickly as a result of investment, we will be able to hold Bitcoin in the long term and enjoy all the benefits from Bitcoin in the future.

No matter the perspective one might about bitcoin investing with the hope of making quick money doesn't make you a Bitcoin investor, that's actually gambling. There's a difference between making a short term investment in Bitcoin and trying to use it as a means to get rich quick, the mentality some people have is that they can get rich within a short period of time but it doesn't actually work that way. Having knowledge isn't the only thing that makes an investor hold Bitcoin, patience is also required.

[Derekfunds]

No matter the perspective one might about bitcoin investing with the hope of making quick money doesn't make you a Bitcoin investor, that's actually gambling. There's a difference between making a short term investment in Bitcoin and trying to use it as a means to get rich quick, the mentality some people have is that they can get rich within a short period of time but it doesn't actually work that way. Having knowledge isn't the only thing that makes an investor hold Bitcoin, patience is also required.

Actually there is nothing wrong in chosing to gamble Bitcoin or trade because everyone must not invest and at same time everyone can not trade because of the risk attached to it but what is wrong in gambling or trading Bitcoin is having the mentality to become rich overnight or thinking of making quick profit because that is an illusion. For someone to make money in trading or gambling you really need to give yourself time because success doesn't just happen rather it compound meaning it is a sum total of all the effort and sacrifice you have made.