I didn't see where it was written bitcoin to be a Ponzi scheme or a quick get rich scheme to give you 1000x immediately you invested.
Absolutely right, actually from my perspective most of the newbies are being controlled by social media, because once you like or subscribe a content related to trading you will be seeing more videos related to it and your mind will start to think of enjoying the same in BTC trading while they do not see the other side of BTC trading. This will lead them to think about 100% profit in BTC.
I have been reading across here and it annoys me seeing people or newbies...
It not only annoys you, i also sometimes get annoyed by such posts. one reason i have already mentioned and there are many others such as hype, stagnant mindset, and one more thing is, most of the newbies like me, started to trade in ALTs which is in my perspective is more difficult than BTC. And few newbies know that, so they always step foot in BTC trading first and wish to make 100% profits and many succeed to make too, even more than 100%. --> i think it's way better here because its related to BTC trading and the BTC concept and of course to the newbies who will come later and will ask the same question again (definitely).
Agree. I know one friend who thought that if he will buy Bitcoin he will make x10 the next day. In the end, he lost 10%, got scared, sold crypto, and said that it's a bubble and no one should buy it haha
Yeah, that's exactly the same reason i already mentioned, because once you heard of big profits or watch many videos on social media related to big profits you will feel greedy and also wants to earn the same in a few minutes because many traders upload there trading videos which got big profits and don't show the videos with losses because they know if they do it they will lose followers and friends like you (no offense because i also fell prey to these once).