Post
Topic
Board Beginners & Help
Re: Don't just start BTC investment because of what you heard do your own findings.
by
AmaGold70
on 23/02/2025, 20:20:09 UTC
Some set of people when they here how much someone has gotten from Bitcoin or has made from Bitcoin investment they just want to start thinking they can just go into it and make same amount of money they saw or heard someone made, if you hear something about someone making huge amount of money from Bitcoin investment you need to ask questions and do some research before going into Bitcoin investment because some set of people thinks Bitcoin investment is a Ponzi scheme where you can just start making money so easy.
I know some set of people who created a wallet and started accumulating Bitcoin when they later discovered they need to hold for long period of time they became disappointed and stopped.
So before going into Bitcoin investment try to know about it and how it works don't just start because you heard about someone's testimony.

If you are talking about the huge amount of money one can make through bitcoin investment please also talk about the sacrifices one has to make so you won't mislead people who don't have knowledge about Bitcoin investment, because accumulating and holding for some years is a sacrifice one has to make in other to succeed in Bitcoin investment.
When it comes to telling someone about Bitcoin investment I try as much as possible to separate the hype from its reality, I've seen too many people rush into Bitcoin investment without doing the due diligence, no proper understanding or research  and at the end they end up being disappointed or losing money. When talking about Bitcoin investment to newbies I never forget to talk about the realistic expectations so for them not to fall for any get rich quick schemes, Bitcoin is a long term game that requires patience and most importantly a solid understanding of the game.