Post
Topic
Board Bitcoin Discussion
Re: No risk no gain
by
Nheer
on 21/05/2024, 06:30:43 UTC
I first heard about Bitcoin around 2016 but then I had no idea what Bitcoin was. Someone online was saying to work on it because I don't know anything about it. Then I heard about Bitcoin again in 2022 when the price of Bitcoin was 21000 dollars. I did a little research on Bitcoin and saw that it was good. From whom I heard, I said to a brother, brother, let's invest. Buy a bitcoin and keep it.
Lots of people actually heard about bitcoin in the early days but were reluctant about it or rather they were too scared to invest in it. In my country it was around that period that a ponzi scam happened and it scammed a whole lot of people and this was an online platform called MMM, it was like an investment opportunity that ask people to invest money and make profit after a few weeks without really doing anything. People were ignorant about ponzi scam then and some people started investing and cash out a reasonable amount which then draw more people in it by believing it’s not a scam platform.  That was how lot of people got scammed after they have invested their money.

This was one of the biggest scam that happened then and it affected a lot of people in the country so ever since people find it difficult to trust any online investment platform. It was the reason why lots of people were reluctant about bitcoin when they first heard of it back in the days. It happened to me as well, my bitcoin journey would have been different if i had invested when i first heard of it or if i had made research about it then.

The most interesting part about bitcoin is that it’s never too late to invest in it and you can always invest anytime you like just that investing early would make you more profit since you will have the chance to invest when the price is lower.