Re: Want to Be a Millionaire? Two Main Rules of Bitcoin Investing

I think this is a bad way of thinking about bitcoin and advertising it. "get rich quick with bitcoin!"

whenever I tell anybody about bitcoin, be it a friend or family or someone on the internet, I have always tried to stick to the benefits of it being used as a currency not an investment. and we need more users who adopt bitcoin as a currency in my opinion, rather than more speculators to play around with the price and make more $$$ in return when they dump and exit.

I totally agree with you.Because if we all want such an easy money then one thing is expected and this is the failure of bitcoin system...

At this rate, you can't blame people if they see bitcoin as a good form of investment because it is a good investment. It would be more attravtive to other people to tell them of success stories of people who trusted btc before. It can make someone rich.

Its a good form of investment specially if you are in for a long run and it can make you rich in due time. But for those who are thinking that bitcoin is a quick rich scheme. It is not and I think its not the failure of the bitcoin system, but the person itself. There are no quick rich scheme, we all know that and bitcoin cannot offer that to you. But want bitcoin can give is that a perfect opportunity for someone to get tons of money if he has investment in it for longer term. Like stocks or mutual funds or any other investment instrument. I'm even holding for a stock for more than 10 years now but the dividend is not closer to what bitcoin can give me in I bought it earlier as well. Don't blame the system. But blame people for their greediness thinking that it is a quick rich scheme.