Quote from: legendbtc on April 04, 2024, 11:59:52 AM

Quote from: Shamm on April 04, 2024, 10:43:08 AM

Quote from: michellee on April 04, 2024, 09:23:44 AM

Many of us are ordinary people who want change in our lives. We know Bitcoin and many of us have succeeded in achieving our long-held dreams and the success we wanted. Many also fail in the middle of the road because they cannot continue what they have started.

Yes, patience is the key to achieving success. However, not many people are able to be patient while going through the process. That's what makes many people fail and not be able to achieve their dreams. They miss the opportunity to change their lives for the better.

Bitcoin gives us and them the opportunity to change their lives for the better. But we have to realize that we have to be patient in going through the process. Nothing is instant in this world and everyone has to go through every process.

Absolutely mate you are right some individual wants to be successful and that's the reason why they choose Bitcoin to invest in cause they will know that Bitcoin can make Their lives more good and have a good financial. Anyways like what you said above that in Bitcoin we can not say that everyone of us investing in Bitcoin can make a profit on the spot but it will need more patience,time and self control in order to have our little profit. Actually not really bad if we wait a years to have a big profit.

I don't deny what you two said, but I want to say a little more. Investing in bitcoin now and investing in bitcoin 10 years ago are completely different. If 10 years ago someone took the risk of using 100 USD or 1000 USD to invest in bitcoin, they would have had the opportunity to change their life and become rich. But today that is not the case anymore and if you want to change your life or become rich with bitcoin, $1000 or $10k is not enough. Bitcoin no longer has 100x or 1000x growth to bring us huge profits. If you want to increase your wealth then bitcoin can do that, but if you want to get rich with just a small amount of capital then bitcoin cannot help you with that.

The investment thesis of bitcoin is as strong as it was 10 years ago. Sure, there is less upside potential in terms of magnitude, but there is no reason to change the approach right now as compared to what a guy might have done 10 years ago. In other words, a guy who figures out that bitcoin is a good investment should attempt to invest as aggressively as he can without over doing it, whether that is $100 per week, $10 per week or some other amount that is within his discretionary income.

Now on the other hand, if you are trying to suggest that there is some other place to put your money, besides bitcoin, then pray tell what is that? Hopefully you are not implying shitcoins.

The fact of the matter is that bitcoin remains amongst the best of places to invest right now, if not the best, so your nonsense about not being able to profit enough is a bunch of bullshit, because guys who got into bitcoin 10 years ago, were not very confident in whether their investment into bitcoin was going to pay off. I know. I was actively involved and got started in bitcoin right around 10.5 years ago, and surely there were not many folks ready to listen to me, and it is true even today, regular folks believe that they are too late to bitcoin, and the main thing that has happened in the last 10 years is that bitcoin has grown somewhat, but it is no fucking where close to being a mature asset, merely because rich folks are using spot ETFs to front run retail investors (and other normies), and so normie common men better get their brains in gear and get started investing into bitcoin rather than pouting about how they are supposedly too late, which seems to be the theme of your dumbass advice legendbtc.

Even in your own case, you have been registered on the forum since mid-2016. Hopefully you have gotten enough BTC, or did you even think 2016 was too late? You probably did and you are still whining about how you missed out, and you are still saying the same dumb things that fail refuse to get guys involved into investing into BTC, which is what any and all newbie normies need to be doing for their own good, and bitcoin is not going to wait around for them. . .and the guys buying the BTC spot ETFs are going to try to front run the normie newbies, but even those guys are a bit slow in terms of getting in, so any normie newbies who are getting into bitcoin now, better figure out ways to get started and to get as aggressive as they are able to be with their investment into bitcoin and hopefully they can establish a 4-10 year or longer investment timeline..and then see where they are at 4-10 years down the road. Of course, if they can front-load their investment into BTC, that is fine too, but many folks are not able to front load their investment, so they just need to create some kind of a practice in which they are investing regularly, such as weekly and then just keeping their investing into BTC going... and even though there are no guarantees, they can hopefully learn as they go too and figure out how to tailor their BTC approach to their own particular circumstances.

Quote from: 0t3p0t on April 04, 2024, 12:23:51 PM

Cryptocurrency or Bitcoin is for me the last resort for an average man to achieve financial freedom not unless he/she is lucky enough to win a lottery jackpot. An average man without a degree and skills may opt and take part into this industry with only the basic knowledge on it as a weapon to explore and take advantage of the opportunities given to us by Bitcoin.

Don't be fucking around with crypto, or lotteries or gambling.. just figure out a bitcoin strategy and build your bitcoin portfolio for 4-10 years or longer.. so stop your nonsense by suggesting "crypto".. start with bitcoin first, and then figure out later if you want to get involved in shitcoins, but you should develop a bitcoin strategy first.

Quote from: DanWalker on April 04, 2024, 12:43:16 PM

Quote from: 0t3p0t on April 04, 2024, 12:23:51 PM

Cryptocurrency or Bitcoin is for me the last resort for an average man to achieve financial freedom not unless he/she is lucky enough to win a lottery jackpot. An average man without a degree and skills may opt and take part into this industry with only the basic knowledge on it as a weapon to explore and take advantage of the opportunities given to us by Bitcoin.

It seems like you're telling people to invest in bitcoin and cryptocurrencies by luck instead of taking the time to seriously research and learn about them? It's like buying a lottery ticket and have you ever won? I find that this type of investment mindset is worse than gambling. How can we change our lives with this type of investing mindset?

Many people in my country are not fully educated, do not have degrees and do not need bitcoin but they keep trying and trying. And currently, they are quite rich thanks to business. How do you explain this when you say that bitcoin is the last resort to get rich for the average person?

Start with bitcoin. Don't be fucking around with shitcoins. Start with bitcoin first, with whatever extra cash that you can set aside, and then as you get started and study bitcoin you can decide the extent to tailor your investment into bitcoin as compared with other trade offs that you might have including if you have an income that comes from employment or if you have needs to invest into a business in order to generate income, which could end up taking away from some of a guy's ability to invest into bitcoin. Each person has to balance these kinds of matters, but everyone should get started with bitcoin, and don't be thinking about shitcoins or trying to consider shitcoins as the same thing (or a similar thing), when they are not.

Quote from: Ayers on April 05, 2024, 11:15:12 AM

Quote from: Silberman on April 04, 2024, 08:47:34 AM

Quote from: Ayers on April 04, 2024, 04:05:24 AM

Quote from: AmoreJaz on April 03, 2024, 11:55:05 PM

Patience can only be exercised if the person who is holding has other means to finance his daily expenses. But for a regular person relying from what he has to survive, I don't think he will be patient enough to hold especially if he sees his assets are getting a lil bit of profit. He won't wait longer to sell off his coins.

Bitcoin is a long-term investment and we can only make a profit if we can afford to hold it for the long term. And if you can't afford to keep it long term or you don't have another source of income, and you only rely on bitcoin to help you survive. Ideally, you should not invest in bitcoin.

Bitcoin is not a get-rich-quick tool, nor is it an investment that gives you daily passive income. It is a highly profitable investment and the higher the profit, the higher the risk, let's not be so naive that we can get rich quickly through bitcoin investment.

Very few of those that learn about bitcoin for the first time, consider the idea of investing on bitcoin for the long term, they have heard the stories of people like themselves making a fortune in a short amount of time, and they want the same to happen to them, and even if those stories are true to some extent, what they fail to consider is that for this to happen everything needed to happen on the perfect time for those people, while the average investor has to make do with DCA and other similar low risk strategies.

To put it bluntly, bitcoin can also be considered a get rich faster investment than other investments because if someone is patient enough to hold it for a few years (at least 4 years) then they can earn significant profit. Meanwhile, investments like gold or real estate take more time. But thinking that it can help us get rich overnight or in just a few months is completely wrong and many people have this thought in mind.

In addition, this is also the reason why I do not like spreading get-rich-quick stories by investing in bitcoin. These stories never motivate people to invest seriously, instead they only have dreams and illusions of getting rich quickly and then pay a heavy price.

A better way to explain bitcoin is to suggest that it is a way to preserve your value. Sure it is not guaranteed, but if you take a measured approach and continue to put money into bitcoin over 4-10 years or longer, there are decently good chances that your wealth is going to end up being preserved better by having had put it into bitcoin rather than in other places, even though in the short-term you might feel long periods in which you are losing value, but the way that bitcoin is designed it is quite likely to have good chances of continuing to increase in value... and you can also learn about it as you go, including learning how to hold your bitcoin in private ways (private wallets - and to secure them for yourself or for your heirs).

Quote from: Rockstarguy on April 05, 2024, 11:25:11 AM

Quote from: Qwertykk on March 28, 2024, 02:00:21 PM

If only the common man would have to be patient, then a guarantee of life long success can be attainable.

It is impossible for a hungry man to have patience to invest in bitcoin. The common man strive each day just to put food on his table. All what the common man thinks everyday is how to fight hunger. A common man does not think of how he can build a house or buy a car, but the mindset of the common man is how he will be able to eat. The main challenge of the common is hunger, and if he thinks of an investment like bitcoin and willing to invest he will not be able to invest because it is not easy for him to raise money to survive everyday.

It is easy to invest in bitcoin when one has a steady source of income but when their is no steady flow income it is impossible to invest in bitcoin then you starve yourself from eating.

It is always advisable for people to have a steady source of income to depend on before investing in Bitcoin. When there is no steady source of income and you choose to invest in bitcoin will always tamper with bitcoin you have as investment.

Yep.. You can ONLY invest into bitcoin (or any other investment) with extra money that you have. You cannot invest with money that you are going to need in the next 4-10 years or longer. So if you are real poor, then you might ONLY be able to invest $10 per week into bitcoin, rather than $100 per week, and if you cannot afford $10 per week, then you are not going tyo directly be able to benefit from bitcoin, and perhaps you would just indirectly benefit from bitcoin causing more fairness in the money, even though you personally don't have any discretionary income. You have to have discretionary income to invest otherwise you are gambling rather than investing, and it is not good to gamble with money that you need for your expenses.

Quote from: Antotena on April 05, 2024, 05:37:23 PM

Quote from: Qwertykk on March 28, 2024, 02:00:21 PM

But with all the challenges faced by the average man, many have given up hope in this light(Bitcoin) .
Patience is one key factor to acquiring success through Bitcoin .

If only the common man would have to be patient, then a guarantee of life long success can be attainable.

There is nothing like been a patience person with Bitcoin, I still respect people that hold Bitcoin 10 years back and has not sold any of their back up till now, it shows a sign of dedication, commitment, discipline and long-term growth, if it was me that hold Bitcoin since all this time. I would have probably sold too and if I have the opportunity again, I will buy back when things are red in the market.

I was watching one interview about how a guy said he regret one thing he has done when he first did his first show in 2014 and the interviewer asked him what is that and he said back in 2014, he was paid 15BTC for his show but he decline and said he prefer to be paid in euro, he was angry that had it been knew back back then, he would have accepted and hold it and the interviewer told him that he might have even sold them considering that we have had many bull run and he replied that he is a patient type of person, he didn't just know about Bitcoin then. He would have had a fortune today atleast in my local currency.

That is one of the advantages that we have right now. We know about bitcoin, so we can invest into it and build our stash., and yeah, maybe in 10 years we might be able to accumulate 1 or 2 bitcoin, or maybe we will only be able to accumulate 0.1 to 0.4 BTC.. and maybe that will still be a lot of bitcoin in 10 years. We should attempt to do our best, since we cannot know for sure how much bitcoin is going to be worth in 10 years from now.. or even later. There are a lot of people who invest 30-40 years of their lives, and with traditional systems, they might never get anywhere with their investment. It seems that even though bitcoin is not guaranteed, it seems to be a good place to put extra value as long as you are able to figure out ways to protect that value accumulation.