Post
Topic
Board Beginners & Help
Re: Bitcoin and get rich quick syndrome
by
Pandu Geddon
on 09/09/2023, 15:05:42 UTC
Unlike fiat which the amount in your bank account remains what it is, bitcoin in your wallet will constantly fluctuate, meaning that there is chances that you can gain or lose your bitcoin.

When the price of Bitcoin continues to move, what changes is the value of the Bitcoin that we have in our wallet, we do not lose our Bitcoin in quantity. if you buy 1 Bitcoin you save it in your wallet. Even though Bitcoin price fluctuations occur, you will still have your 1 Bitcoin. what changes is its value when you sell it.

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?

there is no investment that suddenly makes people rich in a short time. including for those who invest in Bitcoin.
Investing requires an understanding of the assets you will invest in. So don't just invest in Bitcoin because you hear that your colleagues or other people are successful with Bitcoin. You also have to find out how they achieved that success.
nothing pleasant is achieved instantly.