Quote from: Jewan420 on July 12, 2025, 06:15:23 PM

Quote from: btcnbegun on July 12, 2025, 05:27:21 PM

What kind of people benefit and what kind of people lose on a bitcoin standard? How would it impact big companies, banks, and governments, and how would adoption speed affect all of that?

Those who are stable and patient with themselves have the potential to profit from Bitcoin. If you can hold Bitcoin for the long term and continue to buy consistently, then your chances of profiting are high. However, you must be skilled in financial management and investment management by gaining knowledge.

You may see traders and short-term investors in the list of people who are affected. Bitcoin is not a get-rich-quick scheme, so if you choose Bitcoin to get rich quick, then your chances of losing are high.

Jewan420 you are right, in other to profit in Bitcoin with less risk then you need to accumulate and hold Bitcoin for long term, if you can't hold Bitcoin for long term then I don't think you can profit much and you will be at high risk of losing your money, so long term investment is the best and safest way to make money in Bitcoin.
Yes one needs to be very skilled when it comes to financial management as a Bitcoin long term investor, you need to know how to manage your finance, if you can't manage your finance then you can't succeed in Bitcoin, and as an investor you also need to have a backup funds, now this backup funds are your emergency, reserve and float funds, this funds helps you in times of emergency, there are sometimes an emergency will come up and you won't have money to settle it, and because you have no hope of getting the money you will just dip hands into your Bitcoin investment and settle it, but with this backup funds in place that won't happen instead of dipping hands into your Bitcoin investment you will dip hands into your backup funds and your investment will be kept intact as you continue your investment journey.
Just like Jewan420 said Bitcoin is not a get rich quick investment or scheme.