Re: Bitcoin investment doesn't guarantee you richness

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.

Some people who joined bitcoin today, they joined bitcoin because people have lamented or commented good about bitcoin, so from my own understanding of Bitcoin, I know very well that bitcoin is not something you will invest now and start making profit, people who boasts on Bitcoin investment, people who make profits on Bitcoin, invest for long durability, but thinking that bitcoin investment, immediately you invest you become rich, i think that's a fallacy.

Becoming rich quickly is not about BTC - it is about the proper knowledge and the usage of it to hodl properly.

To become rich on Bitcoin depends on how you hold your Bitcoin and when you buy your bitcoin, I understand that bitcoin investment the profits depends when you buy the bitcoin and how long you hold your Bitcoin, so that's what I noticed about bitcoin investment, if you buy bitcoin and hold for long time, you will make a profit when the price increases, that's why its advisable to invest on Bitcoin when the price is low. Some certain people like to invest on bitcoin when the price is high so that is not the right time to invest on Bitcoin except that you want to invest when the price is high and the hold until the price increases like a period of 4 to 5 years

Depends on how you do hold your Bitcoin and on how much you have invested. You cant really just that expect nor be that having those rich outcome if you have just that invested a little. There are those noobs who do really think up this way on which they do just simply put up some investment with Bitcoin and then expect that they can be able to make multiple folds of their investment on which this is really that laughable. Bitcoin doesnt really give out that guaranteed richness on which everything will really be basing up on how much you have put up and on how cheap that you have been able to bought in. On this way on which this is the most realistic way at least you wont really be finding yourself that being delusional because if you do and then the price doesnt reflect out on what you had expected then it will that disappoint you.

Whenever you do have that kind of decision about making up some investment with crypto or just simply with Bitcoin, then always invest into the amount on which you can afford to lose and never that be having those kind of hopes that you will be making guaranteed profit on such huge extent. Everything will be basing up on how this market behaves and works. If you arent that good on managing your investment then it will be leading up into that disappointment and will be leading into desperate decisions.