Quote from: Abu-Naim on Today at 04:11:30 PM

Quote from: krishnaverma on Today at 03:42:27 AM

I have seen new investors being carried out by seeing the success of big bitcoin investors. But , this is wrong approach in my opinion. Because, I personally feel that most of the people fail and they will never share their story. So, most of the stories that new guy searches , he will find only good success stories. But that is not correct overall picture. One should keep the limitations of crypto in mind as well. What is your opinion about this ?

Success stories serve as motivation to the new investors, I don’t think it is a bad idea to share success stories just to motivate other people to invest in Bitcoin because we are sharing good news about Bitcoin anytime to get more people that will adopt Bitcoin globally.

Some stories been shared here are fake, but they help to give motivation; but whenever a newbie is trying to invest in Bitcoin, they need to do research and also learn the basics of Bitcoin, blockchain, and cryptocurrency so that they will know what exactly they are doing and where they are putting their money into.

It depends on how you perceive the story because many people have heard about some early investors who sold their houses, sold all their assets, invested in bitcoin and became millionaires and billionaires. Some newbies believed the story and imitated it, many sold their houses or even borrowed large sums of money to invest in bitcoin in the hope of becoming millionaires like those early investors. But as a result, they suffered losses and lost everything.

Because there are so many stories about becoming rich by investing in bitcoin, many newbies invest in bitcoin with a get-rich-quick mindset and become rich overnight...Everything has two sides and this is the dark side of success stories that we should not ignore.