Getting rich or Financial jailbreak?

[Zackz5000]

I think that trading along with investing is never a good decision. Because the nature of a trader is to buy at a low price and sell at a high price. When he sees some profit in his investment, he can become greedy and sell it. Because the nature of a trader is like this. If he faces a loss while trading, he may sell his investment to trade again.

Every person's goal should be long-term investment. Because the possibility of a person becoming profitable in long-term investment is much higher and since the beginning of Bitcoin's journey, every person has been successful in long-term investment and it is hoped that everyone will be successful in the future.

Trading Bitcoin for a short time is a risky one despite the fact that Bitcoin investment is also risky, but long time investor hasn't complained of losing money which means there is every possiblity of making profit from Bitcoin if invested and hold for a long time.

Traders hardly make profits because they are always inpatient to hold Bitcoin for a longer time but always timing the market the sell when they see an increase in price of Bitcoin, those who manage to make some profits in trading Bitcoin are those who are knowledgeable enough and fill with experience because if you are not experience enough making profit while trading Bitcoin can't be achieved.

[serjent05]

I think that trading along with investing is never a good decision. Because the nature of a trader is to buy at a low price and sell at a high price. When he sees some profit in his investment, he can become greedy and sell it. Because the nature of a trader is like this. If he faces a loss while trading, he may sell his investment to trade again.

Every person's goal should be long-term investment. Because the possibility of a person becoming profitable in long-term investment is much higher and since the beginning of Bitcoin's journey, every person has been successful in long-term investment and it is hoped that everyone will be successful in the future.

Trading Bitcoin for a short time is a risky one despite the fact that Bitcoin investment is also risky, but long time investor hasn't complained of losing money which means there is every possiblity of making profit from Bitcoin if invested and hold for a long time.

I stay neutral when it comes to Bitcoin trading.  Trading is not just a one way street where all people who trades losses their fund.  There are also records of successful trading and people getting a good profit from it.  It is risky for those who do not grasp what he is trading but it is a breeze for those who knows and grasp the inside and out of the item they are trading, for example Bitcoin.

Traders hardly make profits because they are always inpatient to hold Bitcoin for a longer time but always timing the market the sell when they see an increase in price of Bitcoin, those who manage to make some profits in trading Bitcoin are those who are knowledgeable enough and fill with experience because if you are not experience enough making profit while trading Bitcoin can't be achieved.

Traders hardly making profits is partly true.  In trading, when there is someone who loses, there is another one who gains.  The funds don't just disappear into nothing, so whether one can profit or lose in trading it is up to his trading skill.

[Jubilee58]

We all know that bitcoin isn't really a get-rich-quick scheme, but we can also agree that entering bitcoin is all about getting rich after years of trading and investing. It can be a slow process of wealth creation, but the idea of getting rich with bitcoin is always there.

But for a lot of us here, my question is, is bitcoin all about getting rich or its one way escaping the system that has been setting us an authority to make us controlled and secretly manipulated? Your different points of view are highly welcome.

I think the purpose why Bitcoin was created is not only to make us rich. Before now, people were trapped in the unfavorable system of government in times of money. The government was totally in control of money, and also make policies are not favourable to users which also cause economic, and financial instabilities. Uptil date the government controls the use of Fiat currency, and inflation renders it weak. Also, people use to face lots of stress making transactions in the bank, but the invention of Bitcoin has really changed the way we make use of money, and set us free from the problem of governmental policies. With Bitcoin, we are now in charge of our money, we can make transactions without going to the bank, and we can also preserve the value of of money by investing in Bitcoin, when the fiat currency is getting weak, Bitcoin investors are gaining financial strength, and stability. From the onset, the government policies towards money has never been favourable, because their decisions can be sentimental sometimes, and therefore making policies that will be more favourable to them rather than the general public. But Bitcoin grants every user equally opportunity regardless of your status.

[henmark]

We all know that bitcoin isn't really a get-rich-quick scheme, but we can also agree that entering bitcoin is all about getting rich after years of trading and investing. It can be a slow process of wealth creation, but the idea of getting rich with bitcoin is always there.

But for a lot of us here, my question is, is bitcoin all about getting rich or its one way escaping the system that has been setting us an authority to make us controlled and secretly manipulated? Your different points of view are highly welcome.

I easily misread the title. I thought you are saying 'Get rich of Jailbreaking' .

But moving on.. You are right OP that Bitcoin isn't really a get-rich-quick scheme, most especially at the beginning but it was also or started as another form of currency which is created to counter the one that we already have. There are also those that use Bitcoin only because they like the privacy it offers while remains to be widely accepted. Even though this is not the usual Bitcoin trading or investing that we know here, they may still relate to business and enriching one's self.

Fiat owners or the banks can print unlimited money. This is a definition of them controlling/manipulating the people but this is also the ones that prevents one to get rich. BTC's model is opposed to them. So people that is dreaming to get rich are also here. BTC truly is a financial freedom.

[bitcoin-shark]

The way I see it, bitcoin obviously isn't a get-rich-quick scheme, but it can serve as a safe-haven asset during times of crisis or a way to diversify one's investments—for instance, by setting up a monthly accumulation plan split 50/50 between bitcoin and gold.

[Agbe]

...we can also agree that entering bitcoin is all about getting rich after years of trading and investing. It can be a slow process of wealth creation, but the idea of getting rich with bitcoin is always there.

  Not for trading but for investment and the investment too will be a long term and not for short term. But you still need job to do to sustain the investment for the long term if not you have to feed from the investment again and you won't see the wealth or the rich you are pursuing.

But for a lot of us here, my question is, is bitcoin all about getting rich or its one way escaping the system that has been setting us an authority to make us controlled and secretly manipulated? Your different points of view are highly welcome.

Bitcoin is not a way of escaping the manipulative system but for the investors to have extra way of income to sustain the harsh economy in the world. Bitcoin is not to overtake the traditional economy but to additionally buy things digitally with a decentralized system. And now that bitcoin is not yet adopted in the world as a legal tender for users to buy things locally with it. And we still sell it back to the fiat before spending. Therefore we still go back to the manipulative system to suffer but the difference is, you will make more money than those who are not in bitcoin investment.

[JoyceBTC]

I think that trading along with investing is never a good decision. Because the nature of a trader is to buy at a low price and sell at a high price. When he sees some profit in his investment, he can become greedy and sell it. Because the nature of a trader is like this. If he faces a loss while trading, he may sell his investment to trade again.

Every person's goal should be long-term investment. Because the possibility of a person becoming profitable in long-term investment is much higher and since the beginning of Bitcoin's journey, every person has been successful in long-term investment and it is hoped that everyone will be successful in the future.

Trading Bitcoin for a short time is a risky one despite the fact that Bitcoin investment is also risky, but long time investor hasn't complained of losing money which means there is every possiblity of making profit from Bitcoin if invested and hold for a long time.

That’s true about holding bitcoin for a longer period, it safer to make profit and avoid uncertain losses. But one thing we need to understand about bitcoin either when trading or investing, your success or failure most times depends on your risk tolerance. Yes, bitcoin involves risk but how are you able to tolerate that because on the long run people with high risk tolerance are much able to withstand bitcoin volatility than those with low risk tolerance.

[Marvelockg]

The way I see it, bitcoin obviously isn't a get-rich-quick scheme, but it can serve as a safe-haven asset during times of crisis or a way to diversify one's investments—for instance, by setting up a monthly accumulation plan split 50/50 between bitcoin and gold.

This strategy does not in any way make you become rich too suddenly. Getting real wealth from your bitcoin investment or gold demands that you stack as much of it as possible when price is down and that you're capable of holding it for a long period of time till profiting is possible.

If you're in pursuit of financial breakthrough, bitcoin should not be the only option. It should be a key option that gives you the return you're looking out for in the long run but in the short run, your target should be that You have a system that both grows and multiply your income till you attain a level of financial breakthrough that has a tendency or even affecting your bitcoin holdings positively.

[Olatundespo]

We all know that bitcoin isn't really a get-rich-quick scheme, but we can also agree that entering bitcoin is all about getting rich after years of trading and investing. It can be a slow process of wealth creation, but the idea of getting rich with bitcoin is always there.

But for a lot of us here, my question is, is bitcoin all about getting rich or its one way escaping the system that has been setting us an authority to make us controlled and secretly manipulated? Your different points of view are highly welcome.

When I first started investing, I thought Bitcoin was a great way to get rich quick. I'm still learning about investing, but I think Bitcoin is a great way to build wealth slowly. In reality, if you do anything quickly, it's not sustainable. This is even more true in investing. A trader enters the market with great enthusiasm to get rich quick, but they don't get the desired results because they are new to the market and don't know much about it.

Bitcoin is not a way to get rich quick, it's a great way to build wealth slowly. We need our own financial freedom. Bitcoin can give us that financial freedom.

[Outhue]

We all know that bitcoin isn't really a get-rich-quick scheme, but we can also agree that entering bitcoin is all about getting rich after years of trading and investing. It can be a slow process of wealth creation, but the idea of getting rich with bitcoin is always there.

But for a lot of us here, my question is, is bitcoin all about getting rich or its one way escaping the system that has been setting us an authority to make us controlled and secretly manipulated? Your different points of view are highly welcome.

There is no certainty that you will get rich after years of trading Bitcoin or even Investing on Bitcoin, because there are too many reasons why it can still fail, Bitcoin will always be here I believe but how you trade and how you keep your Bitcoin also matters.

The most crucial thing is keeping Bitcoin safe for that long term to avoid wasting time in the end, see what transpired with ColdCard victims? Many of them also have long term plans in mind.

Many of them might never set back ever again
So cautiousness is also very important here.