Quote from: Asuspawer09 on August 11, 2023, 11:58:53 PM

Quote from: Onyeeze on August 09, 2023, 07:11:23 PM

Theirs so many investment to invest but many people are seeing bitcoin as the highest place to invest their money but I'm not seeing bitcoin as highest investing plan ever, I don't know people have not invested in bitcoin is thinking of bitcoin as investment you can make millions dollars when you started, I'm preaching to change our people mindset of bitcoin investment so that they will not hope that bitcoin investment make somebody to be rich the way they think of it.

Some people have not known that so many people who are investing in bitcoin doesn't fully depend on bitcoin as most generating income, they are using bitcoin as their side hustle, let us reduce the mentality of people and sense of humour by not seen bitcoin as the shortest way to make money, And if they should continue with such believe they may commit suicide when they put all their money and problems in bitcoin and lose by the end of the investment.

We have other investment that we can make money with, importation and exportation and also real estate management and also gas plant business that will be given weekly and monthly income depends how broad is the business and management, sometimes people do teach their children bitcoin and its not bad but let us teach our children other investment that can profit them as we think that bitcoin will profit then in future. Whoever that is having bitcoin as major source of income should spread it source of income and make bitcoin a side hustle.

It's good to invest in bitcoin but let us remember that it's a virtual and any money and profit we make in bitcoin should be directed to establish another business that will be seen physically and be managed physically.

Your post is a little confusing, I mean compared to other investments like the stock market, or other alternative altcoins out there for sure Bitcoin is going to be the best investment that you could do just because it is the most guaranteed cryptocurrency that could easily give you profit. For me its kinda normal for them to see Bitcoin as the highest investing plan, and it's actually possible to earn millions on cryptocurrency if you're going to think about it, but even though it is possible it doesn't mean it's going to happen, Also it would depend on your investment if you invest a small amount for sure you're just going to earn a small amount as well. The higher you invest the higher the profit as well.

If you're going to invest in Bitcoin for sure just don't do it if you still don't have something that is going to sustain your needs, it's going to be a thing for sure because Bitcoin is a risky investment, you don't really want to sell your Bitcoin just because you needed money that could just end up losing your investment or selling to a lose. If you're going to invest you need it to HODL in order to make a profit and it would going to work if you don't have some kind of savings.

It is for sure going to be great if you have multiple income streams instead of just relying on Bitcoin investments. I've listened to some podcasts and it says that if you really want to get to something like a million early what you're going to do is invest in getting multiple income streams because if you only have 1 source of income it is going to be difficult to reach a million and it's going to be risky since if you lose that source of income you don't have anything that could sustain you.

That Bitcoin is the "most guaranteed" item is untrue. Even with Bitcoin, there is no guarantee on an investment. Therefore, just because something has performed well in the past does not guarantee that it will continue to do so. Those who believe they can just invest a large sum of money in Bitcoin and guarantee a big return may be in for a harsh shock.

Bitcoin, for all its splendor, could not work. Keep in mind that everything has an end, even enormous giants. Bitcoin is not here to stay. Despite the fact that we all adore Bitcoin, it would be irresponsible to not have a fallback strategy in case it disappears. It would be foolish to invest all of your money in it or any other single buy.

That being said, not everyone can succeed with HODLing. Some individuals require money. Furthermore, it is self-evident to state that someone must have "savings" before they can spend.