Bitcoin is not fastest means of making money

[Riginac111]

Almost %50 of people who is promoting bitcoin today is the people who neglect bitcoin when it's first introduced and even when bitcoin has stayed five years, but today they're the one who changes the narrative of bitcoin and choose it as fastest means of making money, even most of us in the forum now, never agreed to buy bitcoin and hold until they started earning bitcoin from forum

For some of us who seems bitcoin as fast means of making money, we should not be deceiving other people around us that with bitcoin you can become rich immediately, that's lies, it's when you start to believe that bitcoin doesn't give instant rich, is the day you have starting to accept bitcoin as a currency,

Why some of us who is into bitcoin, are not seeing bitcoin as a currency, it's because they see bitcoin as opportunity to become rich, and such mentality has failed many people who came to bitcoin and expected to be rich within one month or two after they have known bitcoin and invested on it.

All the newbies should know that the points below, express what we should know about Bitcoin making you reach or not.

You can make money through bitcoin if you have patient after you have invested.

Getting rich through bitcoin is depend on how much worth of bitcoin you hold, and how long you have been holding it.

Bitcoin doesn't have much chances of making you rich, it's speculation of people that make people to think that when you invest in bitcoin and you get rich immediately.

[gracreavix]

This is one reason why scams will still be on the rise as people after seeing or hearing this will still fall victims of scams. And you are right about the people promoting it now. They are the once that usually say that Bitcoin has a guaranteed profit if you invest. And when that doesn't happen, the people who thought that Bitcoin will be their vehicle of enormous wealth are the once that usually cry at the end. Yes, Bitcoin can make you profit, don't get me wrong. Just don't think of it as a quick way to get money. If you think long term, then you can see the potential gain Bitcoin has.

[CryptSafe]

Bitcoin is never a get rich quick scheme, it takes patience even as a holder or an investor to make good profit. This is what investors needs to understand very well before hopping into it with that mindset of making it big and rich quick through Bitcoin.
However, when onboarding a newbie into the system, they should be properly educated about it because they tend to already have the mindset that they could get quick profit from it while in reality it's not so, it takes time to follow up with the market to get good profit from it and that is what they need to understand and prepare themselves for upon venturing into Bitcoin as a means of investment.

[PostQuantumBTC]

What I am hearing about crypto now is that it is the fastest means someone can easily lose money. I am hearing about it than bitcoin is the fastest means to make money.

But bitcoin is not increasing like before and it is the main cryptocurrency that can be used to hedge against naira inflation and some people are investing in it.

[Yorubek]

Investors will never get quick success by investing in Bitcoin, if we want to get success through Bitcoin investment and reduce investment risk, then investors have to give up the mentality of getting rich quickly, create a mentality of holding Bitcoin for a long time and accept risk management, in addition to maintaining consistency, of course, the investment must be within your means, abandon the emotional mentality, have the right knowledge about the market so that if the situation gets bad, we do not panic quickly, we can manage the investment with confidence, we can hold Bitcoin for a long time. Investing with the wrong mentality is not allowed, of course, it is important to have basic knowledge about Bitcoin before investing, the investor must be patient to maintain consistency, which will prevent panic. When investing in Bitcoin, it is very important for every investor to use only the money that they can afford to lose.