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.

[MainIbem]

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.

Although people still choose to risk using it as one, but iy has never been a get rich quick scheme, Bitcoin has been a currency that's volatile and appreciates after it depreciates so the best way it can serve anyone that tends to make wealth with it is by holding anything that's invested into it for years. Even if one choose to diversify to other asset it still requires holding for years so a meaningful amount can be achieved in the future.

[Richbased]

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.

A lot of people invests in bitcoin because they want to make profits, and not to get rich quick. To get rich in bitcoin, you must be an old time investor or you already a wealthy person that wants buys huge amount of Bitcoin regardless of the price as at the time of buying.

Bitcoin is not a get quick rich scheme, it is financial freedom since it's not being controlled by any central authority. People are investing because they want to protect their money against inflation.

[Rengga Jati]

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.

Everything carries its own set of risks, both trading and investing are risky. Even activities like lending, staking, and other crypto-related pursuits involve risk. In some respects, Bitcoin trading indeed carries higher risks than mere investing. But, these are manageable risks, not gambling. Risks can be managed and minimized if we understand the right approach. To grasp this, we need to delve deeply into the subject. Furthermore, risk management strategies differ between trading and investing.

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.

Analysis and risk management are crucial in trading, and this includes our mindset. We must be disciplined and wise in managing our emotions while trading. So that they do not compromise our analysis and decision-making.

Trading management encompasses factors such as maximum risk percentage, prudent leverage control, the use of stop-loss orders, the risk-to-reward ratio, and profit-taking strategies. There are also certain pitfalls to avoid during trading to ensure we consistently adhere to our strategy.

[uneng]

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 both concepts are directly connected, as to escape from this system or rats race mean to have financial autonomy. Bitcoin can help us reaching there, although investments are still necessary, what means you have to find someway to accumulate the money first, and depending the amount earned, it still won't be enough to get rich, even with Bitcoin. In the early years, it was easier, since Bitcoin had huge increasements in price, but at the current stage, Bitcoin won't repeat past performances anymore, so you need to invest larger capital.

[Jostern]

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.

Yeah, Bitcoin isn’t a get rich quick scheme, but there are different reasons why people invest in bitcoin, there are also people who are profit oriented “ and there are also people who aren’t profits oriented, however investing in bitcoin doesn’t automatically mean that you’re going to be rich after you get to over accumulation, which is why first of all you’ve to get a good approach to buy and accumulate bitcoin, considering you’re buying bitcoin for the short term then that isn’t a good approach you might end up missing out on good opportunities, long term investment in Bitcoin and consistently is actually good for Bitcoin investment.

There are people who have gotten to over accumulation then they realize they don’t have enough profits to make them rich, investing in bitcoin is quite good and also having a proper financial management.

We shouldn’t forget that profits in bitcoin isn’t guaranteed, which means Bitcoin isn’t risk free but you’ve to find ways to minimize risk.

[Somegory]

Bitcoin is the almost perfect investment than you can trust, there are many stocks in my country that has failed so badly that their returns aren't even worth it, and today the companies are still running.

Bitcoin is the best investment of my time, a simple chart check up will reveal why Bitcoin is a good long term investment, it's not a get rich quick scheme, and this shouldn't disappoint anyone because no investment brings fortune immediately.

The only tasking part is the possibility of losing your Bitcoin while you are holding, if you don't learn about the right ways of keeping your Bitcoin safe you will do the stupid things and the coins are gone forever.

[blockman]

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.

It's about getting rich for the early adopters who have bought massively and then able to survive the bear markets and still holding it. And when someone's rich, they can escape the system and that's the rat race that we're all a part of. But for the late ones, is there such thing as late adopter and buyer? maybe for now if you don't do anything then you'll definitely be late on the system and you're tied to it. While for the manipulation, it's everywhere and you choose what to manipulate you, the system that tells you to work 9 to 5 and spend your money on luxuries that's shown to the society or spend it on something valuable and can change your future through bitcoin.

[Tetu100]

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'll be speaking for myself alone. Perhaps I will say the both of them is what captured my attention. Because there is no way I will be striving for a financial freedom of my own that gaining some financial benefits alongside wouldn't be an additional benefit to me. That will be totally impossible.

However, bitcoin innovation over the years has been a major tool used in building wealth over time, and mostly when we ventured in the longterm investment plan than trading. That aside, it has also helped us take total control of our financial dealings without the interference of any financial institutions or a third-party. And I am sure that any bitcoin enthusiasts that actually knows what he's doing is in a better position to enjoy this benefits to it fullest.

[Primark]

Bitcoin is not a get-rich-quick scheme. Many people may mistakenly come to Bitcoin to get rich. But not everyone started Bitcoin for the same purpose. We know that Bitcoin did not start as an investment. The main purpose was so that we could send money to each other directly without relying on any third party. That means that no bank or financial institution should come in between. I think this is the big difference with Bitcoin.

Those who are starting Bitcoin in the hope of increasing the price in the future are actually not wrong. They would be wrong if they think that it will be a guaranteed profit. Due to the volatility of Bitcoin, it is better not to start with the assumption of a guaranteed profit. I like that I can keep Bitcoin in my own wallet and in my own custody.

[wapwapwendy]

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.

For me, it's more about financial freedom than simply getting rich. Bitcoin gives people an option to hold value outside the traditional financial system, which is a big part of its appeal.