It's time to share your experience.
(choose one question and share your thoughts)
4. Did you also have the "get rich quick" mindset. I bet it slowed down your learning process.
(choose one question and share your thoughts)
4. Did you also have the "get rich quick" mindset. I bet it slowed down your learning process.
I would answer every question but this one is my favorite. I never came to bitcoin market with get rich quick mindset nor I am chasing any dream like that. In fact when I entered Bitcoin market it took me almost a year to set myself into the Bitcoin reality as I was not trusting anything that's put forward here. I was very slow learner when it came to Bitcoin so there was no mindset where I am imagining myself becoming millionaire over night. I heard stories, I read them as witness of fortune but I never fell for the trap of greediness. Till date I am only saving some portion of my salaries and other income sources in the Bitcoin. I am being holder, doing everything to keep it up to optimum levels including dollar cost averaging strategy. In short I am not rushing thing and will never do it anyways.
You don't have the mindset of getting rich overnight with bitcoin, but do you have the mindset of getting rich with bitcoin in 4 years or less? Is it right? That means you invest in bitcoin because you want to make big profits in less time than investing in other assets. If that is true, it proves that we also have a get-rich-quick mindset when choosing bitcoin and this market. And fast here doesn't mean overnight or several months but faster than other assets.
Aside from bitcoin, an asset that appreciates on a 4-year cycle, there is almost no other asset that can do this. So is it correct to say that bitcoin is not a get-rich-quick investment?