Post
Topic
Board Bitcoin Discussion
Re: Bitcoin is not a get rich quick scheme.
by
CageMabok
on 20/12/2023, 14:53:21 UTC
Bitcoin isn't a get-rich-quick scheme. Patience, discipline, and a long-term approach are crucial for sustainable returns. Altcoins pose higher risks.   
Even though Bitcoin is not a get-rich-quick scheme, so many people have gotten rich through Bitcoin so far that this has also created more incentives for everyone to continue owning Bitcoin and not care so much about altcoins for several reasons. I also quite agree with what you said, that everyone must always be able to uphold patience, discipline and a long-term approach if they want to succeed through Bitcoin.

I could remember when Bitcoin was first introduced to me, even other crypto, it was sold as something that will turn me to a billionaire over night but based on my understanding I know aside those get rich quickly scheme that we all know are scam no investment can offer that and I started reading and researching about it.

Bitcoin should be seen from a long term investment angle like 5 to 10yrs to be able to give us that financial freedom we desire
Everyone really has to differentiate between Bitcoin and other coins which often offer get-rich-quick schemes but are also more often subject to fraud by the developers themselves. Meanwhile, Bitcoin has never offered a get-rich-quick scheme, even though people who have believed in Bitcoin have gotten more of what they want so far. So separating Bitcoin from other coins is also quite important so that newcomers or beginners who are new to Bitcoin don't think other coins are the same as Bitcoin.