Quote from: Wakate on July 25, 2024, 05:25:47 PM

Quote from: Amadi x on July 24, 2024, 10:22:45 AM

I really do not like the idea of people seeing Bitcoin as some form of get rich quick scheme or something like that. Everyone is just willing to invest in Bitcoin without having proper knowledge of what it is they are doing.
Bitcoin should be known for it's qualities such as
Durability, decentralized, divisibility,and portability..
And how it could be used to better the society, and lessen corruption from our Elites.
It shouldn't be seen as some get rich quick scheme or so.

You need to understand that nobody is seeing Bitcoin as a quick way to make money if they are aware about how the crypto market works. We can always make money from the market volatility and does not mean that it is a quick way for us to make money in the market. Those that bought Bitcoin 3 years ago at the top of the market trend just get in profits not quite long which is all about being patient. Patience is the only way we can keep making money from the crypto market if we know what we want and how to get it. Cryptocurrency is more of knowing when to buy and when to sell for us to keep making consistent profits from the market. If we don't know this, we might keep waiting for a longer time for us to make profits.

While old bitcoin investors have proven that bitcoin will only be profitable if it's hold for quite long years, these newbies in the market who rush to invest without knowing their investment well prefer to believe that it's a get rich quick investment, hence the more you invest, the bigger chances of making massive profits.Yes it could be true, but an investor who lacks knowledge and patience will never be successful in the long run, but may continue to lose his funds even if he invested a lot in bitcoin.