Post
Topic
Board Bitcoin Discussion
Re: Bitcoin investment doesn't guarantee you richness
by
Lida93
on 17/04/2025, 07:30:57 UTC
..
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.
Positive comments from bitcoin today have indeed become an attraction for beginners but those people do not understand how bitcoin works, they are only tempted by the benefits, one thing I want to say is before investing somewhere especially in volatile assets like bitcoin we must learn about how to make a profit and what needs to be remembered is that making a profit from bitcoin takes a long time. There is no shortcut to getting rich.
People prioritize the potential benefits they are to get from bitcoin than anything they would need to hear or know about bitcoin. And so they neglect the risk aspect which is a complimentary part of any investment assets to which bitcoin isn't different. Because there's no investment with a risk. Their ignorance from not learning about the risk aspect makes them lack the technical know-how to navigate through and what right decisions to take at bad market periods after they have invested base on the only the positive of bitcoin they're aware of.