Post
Topic
Board Beginners & Help
Re: Bitcoin and get rich quick syndrome
by
DoublerHunter
on 06/09/2023, 10:18:12 UTC
~snip~

So do you think that I'm correct about bitcoin, that it is not an easy way to get rich quick as some people will make believe, and it is just like other ventures where there is no guarantee of getting rich?
^ If you are fool enough to sell your BTC under the price you purchased, that is a big mistake. If you HOLD it, it will remain the amount and probably just ignore the value towards the dollar. Because if you HOLD 1 BTC it will remain 1 BTC. The fact is some people invest in BTC without fully understanding how it works, its underlying technology (blockchain), or its inherent risks. This lack of knowledge can lead to unrealistic expectations and beliefs about its profit potential. I would rather suggest everyone read first the whitepaper of BTC and why it was created, not for the purpose of a quick rich scheme. The guarantee of making a profit is at the right time.