Quote from: SOKO-DEKE on May 10, 2025, 05:14:32 PM

Quote from: Mayor of ogba on May 10, 2025, 03:47:43 PM

Quote from: MainIbem on May 07, 2025, 01:31:32 AM

Quote from: JayJuanGee on May 07, 2025, 01:09:06 AM

I am not sure what the purpose would be for any newbie to be concerned about whether his bitcoin is going to double in the short term or not, especially since bitcoin should be considered as a long term investment, and anyone getting started buying bitcoin in the $97k prices is going to likely take a long time to build his bitcoin investment - perhaps 4-10 years or longer - unless you are suggesting that newbies are going to be ready willing and/or able to front load invest into bitcoin and then discontinue investing.

It kind of amazes me, they make it seem as though Bitcoin is one money doubling opportunity, like buying at $94k and watch it grow beyond $188k to get a doubled investment, it makes no sense for a newbie investor, I've come to understand that lots of people have misplaced priorities concerning Bitcoin investment they come in with the mindset of investing to take profit in a short period forgetting that Bitcoin investment is for the future and those that are patient enough to wait, I would've defended them with the saying that it's due to ignorance but at this point, it's no new thing that Bitcoin investment is for long-term purpose.

I should have started accumulating bitcoin longer before I came across this forum, but I had a mentor in my early days in the crypto world who had vast knowledge of bitcoin and cryptocurrency, and he told me that it was too late for me to invest in bitcoin and that only the rich folks can invest in bitcoin. The wrong impression made me believe that I was not in the right position to accumulate bitcoin, so I didn't even attempt to invest in bitcoin back then, but thanks to this forum, I was delivered from that wrong impression, and I am comfortably accumulating bitcoin. What I am trying to say in essence is that before some newbies came to this forum, they had already seen how people are making it big with bitcoin investment without them knowing those folks have held their bitcoin investment for a long time, and they had conceived a wrong impression that bitcoin is a quick way to get rich soon, which has led them to invest the money they cannot afford to lose in bitcoin with the hope of getting rich soon, but they ended up selling their bitcoin investment at a loss to survive. Thank God Satoshi created this amazing forum so anyone that thinks Bitcoin is some kind of investment where he or she can invest $1000 today and get $2000 tomorrow will be delivered from such a wrong impression.

Out there, that is what some set of people are saying,that investing in Bitcoin is not for poor people but for rich people. They claim that even if someone invests in Bitcoin, what will their profit be later? These are the tactics they use to deceive beginners.If someone does not have a good mentor or someone with proper knowledge about Bitcoin and other cryptocurrencies, is this how they will be deceived into making wrong investments? Some people don't even understand investment at all. All they know is that others are investing, and they also want to invest. However, they don’t know what to invest in or what to avoid.As for me, before I started my Bitcoin investment journey, I was lucky to have a good friend who explained Bitcoin to me thoroughly and introduced me to this forum. Here, I was able to gain a better understanding of Bitcoin, which gave me good reasons to invest wisely and avoid getting carried away by pump and dump projects that will later end me in tears.

Yeah most people out there often think this way they think it’s way out of their league due to the current price; they say it’s for the Rich, like that’s the idea circulating amongst ignorant average people. They say u can’t make profits in it, Most people want to invest where they’ll see their money double or triple quickly. It’ll shock you to know that a whole lot of people have heard about bitcoin but out of that many a good percentage have the wrong notion about it. Being in this group is really a huge privilege, when you interact with people outside of the forum who claim to know cryptocurrency you’ll know the difference.

I had a friend who sold his bitcoin stash at $83k and was hoping to buy back when the price dips, he’ll be regretting his actions now, all because he didn’t have proper knowledge and his trader mindset.
If not for my being here I wouldn’t have also started accumulating bitcoin, I used to see it as big mountain to climb then the price was just about $60-70k.