Quote from: skarais on Today at 06:03:29 PM

Quote from: Ruttoshi on August 16, 2023, 09:53:15 AM

What are your suggestions on this my seniors. I want to hear from experience members.

I think you've posted something very wise that might change the mindset of some newbies about bitcoin. I didn't really think about it because basically everyone who came here was looking for money. Beginners can trade, allowed for any reason, but they must know all the risks involved.

The problem is; Don't ever think bitcoin can make you rich overnight. It's nearly impossible, although there is a possibility.
Becoming a long-term bitcoin holder is useful advice for those who don't have the extra time to monitor the market and analyze it. I agree that each of them should consider it at their own risk regardless of whether their interest is in investing or trading. Both are at risk, of course.

I applaud your experience and again your honesty. in advising about bitcoin and this forum in general.I have seen some people who have known about bitcoin and this forum but they would not want to say the obvious truth. They will be hiding under the canopy of Bitcoin is the savior.

We are all here together to promote bitcoin and to also gain from bitcoin, but you made two emphatic statements, which I respect you for.

One of the statement is that we all came here for money. And that is the truth. Just that most of us after seeing what is even bigger than money, we started to learn other things of Bitcoin, but generally money attracted more than 80% of us here.

Your second statement said that bitcoin cannot make one rich overnight unless for a very long term holders who might gain at the long run. This is a good mindset, but the newcomers are seeing bitcoin as a get-rich-quick scheme.
Only the early adopters became millionaires and billionaires with bitcoin. For you to hit that kind of money now, you must be able to invest huge mount of money.