Post
Topic
Board Bitcoin Discussion
Re: Bitcoin investment doesn't guarantee you richness
by
Patikno
on 31/03/2025, 14:07:57 UTC
They're some misconceptions beginners in cryptocurrency investment especially Bitcoin normally do and also think during investing in bitcoins, especially people that has not invested in cryptocurrency before,  some people think that immediately you venture into bitcoins investment you're rich, but such concept or ideology is not real..

I want us to let our siblings, loves one's know the advantages and disadvantages of investing in bitcoins, before they venture into cryptocurrency investment especially Bitcoin...because I was in a Bar taking some bottles, a woman came, she starting complaining to her friend how one of her lured her to invest on Bitcoin during the time bitcoins hits hundreds thousands [100k] and after investing in bitcoins at 100k price, then bitcoins price began to fall, to the extent that price of Bitcoin currently is at eighty-four thousands [84k]

So the woman that informed her of Bitcoin investment brainwashed her with motivational hopes of doubling what she invested within one week, so obviously the woman thought that she has become rich after she invested on Bitcoin.

Summary Do not tell people who has not invested on Bitcoin only the positive side of Bitcoin investment, also give them or tell them the more of the negative of Bitcoin, let them know that price of Bitcoin is not constant it always fluctuating, so that they will not having such mind of becoming rich they have invested in Bitcoin with a short time.
I also often find beginners in crypto who rashly invest without thinking about the other side of crypto or especially Bitcoin, most of them think that it can make them rich quickly in a long time. Therefore, I often tell them that it is necessary to know that investing in Bitcoin requires at least basic knowledge of its fundamentals, and is accompanied by patience, because it cannot generate wealth quickly, because it takes a long process, and of course I advise them to become long-term hodlers. In addition, I also advise them to use funds that are truly safe to invest in Bitcoin, in the sense that it is not needed for personal funds or can be called unused money from their savings. So the point is, every investment that is made requires a lot of knowledge to know what might happen when you start investing, because this is something that beginners often do, and makes them eventually fall into losses and regrets, even though it is their own fault.