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.
A lot of people still think Bitcoin is some type of get rich quick gimmick. They see the success stories online or hear about people making enormous money and just rush in without comprehending how volatile the market truly is
I’ve seen friends lose money because they bought at the high expecting it would keep growing. We absolutely need to teach our loved ones both the good and bad sides of crypto. It’s not magic it’s investing and just like any other market, it comes with risk. Better to go in with full understanding than blind hope.