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 ?
It's good to listen to them though, Bitcoin has change a lot of lives in the past but anyone doing it right now is either a big investor that has invested hard currency on it, or gamble with some funds do futures with good profits or the person is lying entirely. Bitcoin still has profit efficiency but can only do that when you have a large amount of money involved. You can't invest $1k dollars now on Bitcoin and expect to write a success stories on the internet tomorrow.
When you see such stories, take it as a motivation but don't build on that storyline because if I'm to be honest with you, to hold Bitcoin isn't a child play, there is a mixed emotions that comes with the journey of the profits you will make, today you are up and with some profits and then tomorrow you are down. However, this can be limited if you invest or buy in bear market, that's when everyone don't have too much interest in buying Bitcoin and mostly cheaper.