Post
Topic
Board Bitcoin Discussion
Re: Bitcoin investment doesn't guarantee you richness
by
bubilas
on 19/04/2025, 12:37:33 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.

It seems to me that the surest way to quarrel with friends or relatives or colleagues is to start telling them about cryptocurrencies only in a positive way. And if you are a person who enjoys authority among them, then, of course, they will try to invest, perhaps someone will take the money that he needs for life instead of taking extra.
And when these people first learn what a loss or drawdown is due to a price drop that they cannot foresee, then these people will definitely go to the one who invited them to cryptocurrencies, so I completely agree that we need to talk about the negative sides of Bitcoin.