Bitcoin is not fastest means of making money

[Oyoyoma_yu]

There is actually a difference between making money, and retaining the value of your money, you might make money, but your money can loose great value. We are all evidents of the Nigeria economy, you may not get rich quick with Bitcoin, but your money never depreciate in value with Bitcoin. There are people who actually have millions of naira in their bank account but you find out that it can not really afford much. So while some of us are investing in Bitcoin is not to make fast money out it, but also to sustain the value of our money on the long term. However, it is important to know why people invest in Bitcoin, apart from making money, full control over your money is also another reason, also even when you are making money elsewhere, and nomatter how much you are making, you need to invest it in an asset that will add value to it rather depreciating, so that is what Bitcoin does.

[ZeroVinsonN]

I've been in the forum for a while now and I'm sure I haven't seen anyone openly preaching that bitcoin was a grt rich quick scheme, sure people have said making money through bitcoin was/is possible but it has never been a mean to get rich quick and that's why potential investors are advised to make sure they are planning on a long term investment because chasing short term gain is unrealistic.
The point of continuously emphasizing on bitcoin investment being long term is for newbies to not presume that beginning to invest in bitcoin will automatically make them rich because that kind of a mindset isn't a good one to have for someone who's just starting to accumulate bitcoin.

[Dr.Bitcoin_Strange]

It's not just bitcoin that some scammers are using to deceive some gullible individuals about making money so fast, there are other tricks that scammers use to convince their victims to believe that they can easily make money through that source meanwhile there is no easy means of making money. Trading could be an option that some people will consider when looking for short term income source but it is not as easy as some people make it sound, one can even lose a whole lot of money when targeting quick money from trading. For people that knows how to trade very well, they can trade bitcoin price movement regularly to make money but doesn't mean that they will be profitable in all trade.

[Babeth534]

So far we've come to unythat bitcoin will not make you rich overnight. Many people didn't believe in the bitcoin project in it's early stages but have come to accept it after seeing it's resilience and consistency over time. Bitcoin can be used for different purposes which includes investment, savings and as a currency for exchange.

Although profiting from bitcoin could require some patience and strategy, how much profit you realise will depend on how much bitcoin you hold in your portfolio. Don't be deceived by people who advocate bitcoin as a means to get rich overnight, it doesn't work that way so let's be guided so we don't regret our actions.

[liasbaa]

The fact that Bitcoin will make you rich is a kind of relativity and it has a similarity with reality as patient investors gradually become rich. If someone expects to become rich by making immediate decisions, it is their misconception and from this misconception a kind of gambling attitude is created in their policy making.

The purpose of all our activities to be good as the education we receive is to earn money and live well. The purpose of our hard work is to earn money and become rich. How to become rich in every field, we have needs. But in reality, not everyone becomes rich, those who become rich are those who gain skills with patience and control their emotions with long term goals and can make good decisions.

Bitcoin can definitely make you rich, but you have to adopt an effective investment strategy with a long term goal. There is risk but not taking risk is even greater and accumulate Bitcoin regularly and every week with a 4-10 year target.

[Emeraldo]

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.

When I first saw this topic, I was thinking that you want to tell us another way of making money apart from investing in Bitcoin.
Patience is the key to understanding the market and becoming financially buoyant when you invest in Bitcoin.
The price of Bitcoin has been going up and down which means we have the time to invest if their is no fund now to accumulate bitcoin. The cryptocurrency market is big enough to take all our orders so we should not see it like people investing in Bitcoin now are later comers that had failed to invest in Bitcoin when they are suppsed to start putting money to buy it.

[SmartCharpa]

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.

If Bitcoin is a way of making quick money, what are those who buy above $70k will be saying right now? Anybody that sees Bitcoin as any of these Ponzi schemes will be regretting at this moment because the market is not friendly to them. Imagine you buy around $80k with the hope that the price will go above its last ATH and the next day Bitcoin dropped below $70k? That’s why we need to wise up that bitcoin is different from any of these things that can change your life overnight.

Even though you continue to encourage everyone to hold for a long term, we will definitely see more people who prefer short term gains than long term gains. They don’t have the patience to hold for the long term, or they don’t believe that Bitcoin will be greater in the future.

[NewRevelation]

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.

Common OP,  where did you get this from? Who said Bitcoin is a get rich quick investment?

I have been in this forum for at least a years and a month+, I have never stumbled on a post that says Bitcoin is a get rich quick investment, not for once.

Did you by chance see anyone?, if you ever did, do you mind sharing the link with us?
I hope you are not just making this up, because to me, because I don't think people would be so naive to make such post or claims.

No investment or business offers quick financial gains. The only that does that is Ponzi, and we know it turns out to be the worst.

[Perfect-World]

The fact that Bitcoin will make you rich is a kind of relativity and it has a similarity with reality as patient investors gradually become rich.

Na wa oo bro! This your Grammer no too much? Hahaha
Small thing wey we dey discuss, you don go blow am off with Grammer.. haha

Abeg who hold my dictionary, make ona bring make I check meaning of words oo. Lol

Seriously, Bitcoin no dey promise anybody quick money, and we no dat one wella. So make nobody decieve you say you go make money sharply if you put your money for Bitcoin, na lie. Everybody know dat one here. No be new talk be dat.
But make u dey calm down for your English abeg, lol

[Y3shot]

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.

It doesn't only depend on how much bitcoin you hodl but how much bitcoin one is able to accumulate. You can hodl a certain amount of bitcoin and still get a good return in hodling but if really you want to earn from bitcoin massively you just need to hodl but also accumulate,  increasing your bitcoin portfolio must be done consistently and this is a secretly that bitcoin investors normally use in investing in large amount of bitcoin.

[Jegileman]

The point of continuously emphasizing on bitcoin investment being long term is for newbies to not presume that beginning to invest in bitcoin will automatically make them rich because that kind of a mindset isn't a good one to have for someone who's just starting to accumulate bitcoin.

If you come into the market with that kind of mindset, you’re already pushing away your potential growth in the market. The bitcoin market is very clear and it shows the best of potential you can get from the investment if you do it for the long term and not on a short term basis. Bitcoin has shown a progressive movement since the time of its inception till now and it has not for once shown any form of discouragement that will make the market go sideways and have less trust from people in the whole system. Bitcoin accumulation takes time and you have to be patient and have trust in the process to realize the big profit that comes from it.

[JimaGod]

I've been in the forum for a while now and I'm sure I haven't seen anyone openly preaching that bitcoin was a grt rich quick scheme, sure people have said making money through bitcoin was/is possible but it has never been a mean to get rich quick and that's why potential investors are advised to make sure they are planning on a long term investment because chasing short term gain is unrealistic.
The point of continuously emphasizing on bitcoin investment being long term is for newbies to not presume that beginning to invest in bitcoin will automatically make them rich because that kind of a mindset isn't a good one to have for someone who's just starting to accumulate bitcoin.

Everything is all about mindset. We should be able to get our mindset right especially when we're dealing with Bitcoin. Who else is thinking about Bitcoin to be a get rich quick scheme? This is ridiculous because Bitcoin is not in for the short-term but for the long-term. We invest because we're keen on making profits in the nearest future, we don't have to indulge ourselves with all this saga of making money quick off Bitcoin.

Newbies are favorable to learn new basis of the market. Learning never do end, we make sure we take every opportunity the market has to offer us and utilized it efficiently. Learn, invest and keep your life going.

[Obim34]

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.

I see Bitcoin as one of the investments I can hop into and make a fair sum of profits without breaking a sweat. I've also taken Bitcoin as part of many options, when looking into several investment opportunities that could make me rich, I'm expecting profits from Bitcoin, but I can't depend only on it as a life-changing opportunity.

Bitcoin can give me profits, but I have to channel my resources differently across many things, including business, and diversify into different assets, this is the best way to build riches and not entirely depend on one thing, not even Bitcoin alone.

[Orpichukwu]

It doesn't only depend on how much bitcoin you hodl but how much bitcoin one is able to accumulate. You can hodl a certain amount of bitcoin and still get a good return in hodling but if really you want to earn from bitcoin massively you just need to hodl but also accumulate,  increasing your bitcoin portfolio must be done consistently and this is a secretly that bitcoin investors normally use in investing in large amount of bitcoin.

I can say both are still the same thing: you buy and hold and continue to accumulate to add to your holding. Eventually you get to your targeted volume and focus on other things and allow that which you have accumulated to yield profit for you, which is to hold and wait for the right time to offload and take profit.