Bitcoin, The Pathway To Wealth Creation.

[Jubilee58]

Creating wealth with Bitcoin need good strategy, and determination, and people who lack these strategies end up making big mistake, and even end up regretting going into bitcoin investing .
There is a formula for successful bitcoin investing, and when you follow this formulae you will surely enjoy Bitcoin investing, and some of the formulas are outlined below:

Being optimistic is about bitcoin can give you confidence as an investor, optimism makes you believe in bitcoin, amable you to invest in bitcoin without being discouraged, you stay focused, and not minding what other people are saying, ignoring the crowd and staying patient in the bitcoin market.

Another factor that creates wealth for you is patience, patience is the reason why your bitcoin investment compounds, but those investors who are not patient with their investment end up loosing their asset instead seeing their investment grow in value. Patience is a key factor in creating wealth with Bitcoin, and should not be ignored

Your contributions are welcomed

[Big Dirams]

Your topic alone “Bitcoin, The pathway to wealth creation” can easily get many new individuals deceived that investing in bitcoin is a guaranteed success which when they invest in it they will end up seeing the rightful outcomes which that isn’t so at all.
Bitcoin isn’t a safe investment, it an investment with risks and investing in it doesn’t mean we are going to make it out successfully or our profits are guaranteed at all, it just like any other investment too that comes with risk.
But the factors who did point out will absolutely lead us to good returns but profits ain’t guaranteed and for the new investors out there we shouldn’t invest with what we can afford to loss instead invest with our discretionary income.

[Donk1]

Bitcoin doesn't guarantee success, but sure it helps keep the value of your assets. Still you have to understand that no one knows when Bitcoin will rise and when it would fall. I have heard folks say they would have sold their Bitcoin investment at a certain point stuff like that, before it dipped. And while their money isn't lost they can't sell because it would be at a loss and when Bitcoin will rise again they probably don't know. So if you ask me Bitcoin investment doesn't guarantee success, but it's trustworthy. and yeah it requires patience. Basically if you aren't mentally strong, you will surely face several emotions but it all determines if you are here for quick profit or for long term growth, as the only edge an investor has in Bitcoin is their psychology and mindset......

[Charles-Tim]

Bitcoin isn’t a safe investment, it an investment with risks and investing in it doesn’t mean we are going to make it out successfully or our profits are guaranteed at all, it just like any other investment too that comes with risk.
But the factors who did point out will absolutely lead us to good returns but profits ain’t guaranteed and for the new investors out there we shouldn’t invest with what we can afford to loss instead invest with our discretionary income.

I disagree with this. If you understand about bitcoin very well and you invest in it at the right time and also being able to wait until your investment has yielded enogh profit, you will know that bitcoin investment is very profitable. Some people invested at the wrong time, still it can take a long time before profit, but bitcoin has proven many times that it is a store of value.

[Big Dirams]

Bitcoin isn’t a safe investment, it an investment with risks and investing in it doesn’t mean we are going to make it out successfully or our profits are guaranteed at all, it just like any other investment too that comes with risk.
But the factors who did point out will absolutely lead us to good returns but profits ain’t guaranteed and for the new investors out there we shouldn’t invest with what we can afford to loss instead invest with our discretionary income.

I disagree with this. If you understand about bitcoin very well and you invest in it at the right time and also being able to wait until your investment has yielded enogh profit, you will know that bitcoin investment is very profitable. Some people invested at the wrong time, still it can take a long time before profit, but bitcoin has proven many times that it is a store of value.

Investment comes with risk and so does bitcoin investment too, and what I was emphasizing on much is that as a new investor one should understands that in bitcoin investments profits isn’t guaranteed.

But here you disagree with me, so if I get your statement right you are supporting the facts that profits is guaranteed in bitcoin investment right?
We don’t know what the future holds and we can’t make 100% assurance that the price will be at so so price in the future, so if we can’t make such predictions why do you think profits is guaranteed.
You are right that bitcoin has proven to yield profits all this years for those who invested but that doesn’t mean profits is guaranteed and if profits is guaranteed as you said why is it always advisable to go in with our discretionary income why not put in all our money into bitcoin since we have the assurance that profits is guaranteed.

[Charles-Tim]

Investment comes with risk and so does bitcoin investment too, and what I was emphasizing on much is that as a new investor one should understands that in bitcoin investments profits isn’t guaranteed.

But here you disagree with me, so if I get your statement right you are supporting the facts that profits is guaranteed in bitcoin investment right?
We don’t know what the future holds and we can’t make 100% assurance that the price will be at so so price in the future, so if we can’t make such predictions why do you think profits is guaranteed.
You are right that bitcoin has proven to yield profits all this years for those who invested but that doesn’t mean profits is guaranteed and if profits is guaranteed as you said why is it always advisable to go in with our discretionary income why not put in all our money into bitcoin since we have the assurance that profits is guaranteed.

Both you and I can bet ₦100000 naira each and wait until next 3 years. If I do not make any profit on my investment, you will take the money. But if I make money on it, I will take the money.

Or if bitcoin did not get to all-time high, you will take the money. If bitcoin gets to all-time high, I will take the money.

If you do not see it fear enough, let me bet it with ₦150000 and you will bet it with ₦100000.

That is how sure I am that if I get it right, the investment will be profitable.

[Obim34]

Your topic alone “Bitcoin, The pathway to wealth creation” can easily get many new individuals deceived that investing in bitcoin is a guaranteed success which when they invest in it they will end up seeing the rightful outcomes which that isn’t so at all.
Bitcoin isn’t a safe investment, it an investment with risks and investing in it doesn’t mean we are going to make it out successfully or our profits are guaranteed at all, it just like any other investment too that comes with risk.
But the factors who did point out will absolutely lead us to good returns but profits ain’t guaranteed and for the new investors out there we shouldn’t invest with what we can afford to loss instead invest with our discretionary income.

In as much Bitcoin is profitable, I do not think Bitcoin is advisably the best route towards wealth creation, this doesn't change the fact that anybody who invest in Bitcoin must profit, except such person chooses to sell before the market matures.

I can confidently say this following Bitcoin past records, few weeks Bitcoin was down at $57K and today the price is $64K, somebody who own 1 BTC in their wallet has made profits of about $7k, within a short gap, how much when the market approaches the previous ATH, before going for a new all time high.

My risk factor has always been losing my Bitcoin to attack or theft, It has never been if the price of Bitcoin will ever go up to be profitable.

[Cryptomultiplier]

Bitcoin isn’t a safe investment, it an investment with risks and investing in it doesn’t mean we are going to make it out successfully or our profits are guaranteed at all, it just like any other investment too that comes with risk.
But the factors who did point out will absolutely lead us to good returns but profits ain’t guaranteed and for the new investors out there we shouldn’t invest with what we can afford to loss instead invest with our discretionary income.

I disagree with this. If you understand about bitcoin very well and you invest in it at the right time and also being able to wait until your investment has yielded enogh profit, you will know that bitcoin investment is very profitable. Some people invested at the wrong time, still it can take a long time before profit, but bitcoin has proven many times that it is a store of value.

I don't even know if there's a wrong time or right time to invest in Bitcoin, because at the exact moment you decide to start investing in Bitcoin because it in a bear or bull season, that makes it right.

Although you might spend more during a bull market trying to invest in Bitcoin, it doesn't stop it from being a hedge against inflation and a profitable asset to throw money into, because the seasons change and volatility can turn a small investment into a profitable one if only the investor is patient enough to ride the tide till a due date that is probably in a long term duration for maximum benefits.

[SatoPrincess]

IMO, OP’s formula for success in bitcoin investing has some flaws. According to the OP, optimism + patience = wealth in bitcoin. Anyone who’s been in the bitcoin market for at least four years knows that it takes more than simply optimism to hodl through the fuds and bearish cycles. So I’m curious if OP is advising based on his own personal experience or research.

snip

Both you and I can bet ₦100000 naira each and wait until next 3 years. If I do not make any profit on my investment, you will take the money. But if I make money on it, I will take the money.

Or if bitcoin did not get to all-time high, you will take the money. If bitcoin gets to all-time high, I will take the money.

If you do not see it fear enough, let me bet it with ₦150000 and you will bet it with ₦100000.

That is how sure I am that if I get it right, the investment will be profitable.

I love this. Although I think 3 years is too long to wait to see how this bet (if Big Dirams accepts) plays out. Who knows if we will still be here then? Why don’t you make the timeline shorter

[Bright0515]

I agree with you that being optimistic and disciplined will help you during Bitcoin investment, but the truth here is that these two alone can not help you achieve a successful Bitcoin investment because you literally need other strategies before you become successful in the crypto space (not that its guarantee, but it increases your chances to get some profits). However, as an investor, you also need good risk management so that you don't end up investing what you can not afford to risk, which is also known as the monet for your survival. Some people might be very disciplined and well aware of Bitcoin investment, but if they don't have proper skills for risk management, they might also end up losing a lot of money and not getting what they expect.

[Charles-Tim]

I love this. Although I think 3 years is too long to wait to see how this bet (if Big Dirams accepts) plays out. Who knows if we will still be here then? Why don’t you make the timeline shorter

It is investment and not trading. We expected the bear market in 2026 and it happened. We are expecting slightly bull run before the end of next year, but the real bull run would likely be in 2028/2029. Bitcoin has been one of the assets that its bear market and bull market still remain predictable. 2029 will be my investment goal. Definitely you should know the reason I expect bitcoin price to have increased so much by the time.

[Itz-prisigold]

Being optimistic is about bitcoin can give you confidence as an investor, optimism makes you believe in bitcoin, amable you to invest in bitcoin without being discouraged, you stay focused, and not minding what other people are saying, ignoring the crowd and staying patient in the bitcoin market.

Your contributions are welcomed

I totally agree with you that having the right mindset when investing in Bitcoin will allow you go far on your investment, most especially when it comes to patience.  So many individuals will hear stories about making quick profit from friends or social media, and they'll come into Bitcoin investment with the hope of make quick profit, but immediately the price start crashing, they'll panic and sell.

Another important thing I will also talk about is investing only from your discretionary income.  When a person invest with funds that he or she doesn't need for daily expenses, then that will help them stay patient and stick to their strategy. They will never panic and sell at the wrong time just because of fear.

But however, I don't really think that being optimistic alone will help an investor, because I believe that you also need to understand how Bitcoin truly works, why you're investing in Bitcoin in the first place and not just having confidence alone. And if the Faith you have in Bitcoin is just relying on hope, then it will disappear the moment Bitcoin price becomes volatile.

[DiMarxist]

It's good to be optimistic about Bitcoin but, I don't that that optimism is enough to creating wealth for you as a Bitcoin investor. This is because, there is a level that optimism can take you in your bitcoin journey on the long run. When the going gets tough and volatility takes over optimism may not be there.

Been focused and understanding Bitcoin is the key. Coupled with patience which is essential, it's true that bitcoin can be a good part in creating wealth but that, is not easy and is not gotten in a day because the part to creating wealth in Bitcoin requires patience and perseverance.

When it comes to Bitcoin I think that the most important element that people should give much attention to should be, hold as much as you can because the longer you hold the better for wealth accumulation and creation.

[Don Saga]

Your focus for a successful bitcoin investment is optimism, determination and patience but that is more on the discipline involved in the bitcoin investment journey and not the actual activity that makes a successful investor. You would not have the patience or optimism with bitcoin when there is no understanding of its principles, it's easy to say but the actions are always the hardest part.

Bitcoin is not a get-rich-quick scheme, so this topic is a bit misleading mostly for the newbies in this forum, it's best to consider the possible risk factors involved in bitcoin investment alongside its benefits too. Additionally, there is always a sense in every nonsense, so I would not entirely tell a newbie to ignore public opinion but make sure to verify information before taking any action.

[Kelward]

We no fit to commot optimism and patience for Bitcoin investment matter dat na why we de get some level of confidence to put our money inside, if you no get any iota of trust for Bitcoin to give you profit on di long term den e no make any sense say you de hold am for profit. Although I cannot help but agree say no guarantee say you must get di profit wey you de expect in di next 10 years, based on di potentials wey we don see for Bitcoin na im de give us dat hope say di price go continue to de reach ATH on di long term.

We need patience to wait through bear run before di market go enter bull run and we go de see di price de increase again, Bitcoin na volatile asset wey get potentials to de reach ATH na dat one we hold for hand de accumulate am. No investment wey de completely risk free so I believe say e de advisable to de accumulate Bitcoin from our discretionary funds, no go take money wey you supposed to take care of your basic expenses to de buy Bitcoin.

[Judith87403]

Your topic alone “Bitcoin, The pathway to wealth creation” can easily get many new individuals deceived that investing in bitcoin is a guaranteed success which when they invest in it they will end up seeing the rightful outcomes which that isn’t so at all.

When people talk about Bitcoin being a source for wealth creation what i do ask them is that how many bitcoins can they be able to buy throughout their lifetime and what will be the profit level of their investment after accumulation. Inasmuch as bitcoin is a safe investment but in the area of making it look as if everyone who invests in bitcoin will become rich, that is the area I don't agree with. Not that people cannot get rich in bitcoin, they can but that will depend on how much they have invested. As a matter of fact, the only people that can really make huge profits from bitcoin now are the big investors who buys many bitcoins at once. When investing in bitcoin we should never think that just because we are part of the investors that we will become rich.

[JoyceBTC]

Bitcoin is not a get-rich-quick scheme, so this topic is a bit misleading mostly for the newbies in this forum, it's best to consider the possible risk factors involved in bitcoin investment alongside its benefits too.

I’m not sure the topic is a bit misleading as you’ve said, because it wasn’t mentioned in the topic that bitcoin is a quick scheme to make money, rather it says that bitcoin, is a pathway to wealth creation. It also never said it is guaranteed to be successful in bitcoin but bitcoin can serve as a pathway to build wealth if one start investing even though not everyone gets successful investing in bitcoin. Anyone that wants to use bitcoin as a quick scheme to make money will surely fail, because it is volatile in nature and using that pattern will lead to loss that will cause regrets.

[Coyster]

I think so many people abuse the word "wealth". If you buy bitcoin and hold it for a long term, you can make good return on investment, but you are talking about wealth here, and it makes your post ridiculous. How much bitcoin do you think one would need to buy to make that much money from it, considering they aren't early investors, now imagine how many average Nigerians can even afford to buy 1% of that.

BTC is a great investment, but it takes a lot more to become wealthy. You'd have to be innovative, have multiple income streams and invest in different assets over the long term to stand any chance.

[Yorubek]

Creating wealth with Bitcoin need good strategy, and determination, and people who lack these strategies end up making big mistake, and even end up regretting going into bitcoin investing .
There is a formula for successful bitcoin investing, and when you follow this formulae you will surely enjoy Bitcoin investing, and some of the formulas are outlined below:

It is very important for an investor to have patience to invest in Bitcoin and hold it for a long time. Those who cannot hold Bitcoin for a long time by investing patiently can never expect success from Bitcoin. In order to achieve success, it is very important for a person to have a long-term mentality through investment, as well as to have consistency and discipline through investment. Investors who can manage their investments consistently and confidently use every opportunity correctly during market volatility and wait for good times can enjoy all the benefits of Bitcoin in the future.

[ColdLava40]

Your topic alone “Bitcoin, The pathway to wealth creation” can easily get many new individuals deceived that investing in bitcoin is a guaranteed success which when they invest in it they will end up seeing the rightful outcomes which that isn’t so at all.
Bitcoin isn’t a safe investment, it an investment with risks and investing in it doesn’t mean we are going to make it out successfully or our profits are guaranteed at all, it just like any other investment too that comes with risk.
But the factors who did point out will absolutely lead us to good returns but profits ain’t guaranteed and for the new investors out there we shouldn’t invest with what we can afford to loss instead invest with our discretionary income.

It all goes down to what kind of safe you mean. In terms of risk to reward, for a long term investment Bitcoin is considered a safe investment choice.

All investment do come with their own risk so. How you approach it, how you manage your investment would be the faith of your profits in the future. Profits isn't guaranteed, that's for sure, but a long term approach on bitcoin guarantees you profits on a wider scale.

Bitcoin can create wealth, but it needs your efforts not just your capital. You must think of ways to help your investment create wealth for you and then ost simplest way is long term.