Quote from: Richbased on Today at 12:03:54 AM

Quote from: Odohu on March 14, 2024, 02:54:01 PM

Quote from: Y3shot on March 14, 2024, 08:58:25 AM

Holding bitcoin is very much possible only if people are will to do right thing. It is possible to hodl bitcoin if people have the understanding that bitcoin is not a means of having quick money. Depending in bitcoin too much as a source of income has always been the challenge why people see bitcoin very difficult to hodl. Get a source of income and invest in bitcoin with the amount you can't afford to lose and it will be very possible to hodl bitcoin without having any challenge.

Holding Bitcoin may not be a means of getting quick money because the investment is kept for a long time but that does not mean that Bitcoin does not offer quick money. As a matter of fact, Bitcoin investment seems to be one of the fastest means of increasing one's money. It gives the fastest and easiest profits among several investment portfolios that I know. Within a period of 5 years, an investor in Bitcoin would have broken even and even make far higher than 50% in profits. This is rarely obtainable anywhere.

Those who bought Bitcoin early last year have made over 200% profits, if this is not quick money, then I don't know what is quick money. Even though there is no guarantee that the profits will always happen this fast and huge, we must admit that Bitcoin also offer opportunity for quick money although the best is to hold for a long time.

Of a truth, when we talk about an investment that gives quick profits, then Bitcoin cannot be exempted because some persons feels that when we are talking about quick money, we are referring to investment we make now and maybe begin to reap the dividends tomorrow but however it doesn't work that way at all because whomever that made investment and start making good profits within 5-6 years it's still regarded as quick money because their are investments that one can venture into that can take almost about 10-15 even 20 years before making a good profit so definitely investing is Bitcoin is more or less a get quick rich project though it might not occur as soon as possible but one can be guaranteed that your investments are safe and there are every possibility that one is gonna make huge profits in the long run.

anything related to investing now and start reaping the dividends the next day, ain't no investment but a Ponzi scheme. Such do exist and alot of people normally fall victim cause of greed. Seeing a platform that may promise to double their funds (doublet) the next day if they invest a certain amount of money . And at the end if they do so they would endup not being able to withdraw their funds back , not only losing the extra funds but also their hard earn funds . Bitcoin may not be such that may get you rich overnight. But holding Bitcoin for long minimize the risk in it, and when holding you don't require any skills like those who are trading (making trading not for everyone). While anyone can start holding and accumulate Bitcoin anytime that they please without any technical or trading skills needed. All one need is a good source, inorder for them to keep purchasing more quantity of bitcoin and also be able to have good emergency funds to coverup any expenses so that one would not tamper with their investment