Post
Topic
Board Bitcoin Discussion
Re: Bitcoin doesn't give you instant 100 percent profits
by
Poker Player
on 05/05/2023, 02:55:57 UTC
If you want to get a quick profit, be prepared to bear a quick loss, and this matter is not related to bitcoin, but to any investment that you think will make you rich overnight.

Wealth is linked to how you think, if you do not change your old ideas and your consumer relationship with money, you will most likely lose those currencies after a short period, no matter how much money you will collect. Even if you have a bitcoin, you will lose it fast. Evidence for what I am trying to say is that most of the people who won the lottery lost it within 5 years.

Winning the Lottery: Things Lotto Winners Won't Tell You

The OP does not seem to be aware that something that gives you, or rather promises to give you, an instant 100% profit is a scam, it is not real.

On the other hand, as the Bitcoin market has already matured and we can be happy if it gives us an annual average of 100%. I want to emphasize the annual and average, because there will be years in which we will have losses and we must keep our eyes on the long term.

As you say, to get rich is very important the mentality and the best way to do it is usually slow and boring, contrary to what happens to the winners of lottery and lottery-type investments (as the one who hits a shitcoin that makes a 100x).