Quote from: ejikeme24 on July 12, 2025, 06:22:10 AM

Just as the topic says" I believe there are people who may be thinking about ways in which they can make supper money in bitcoin investment. Surely ee dey possible to make life changing returns with Bitcoin BUT before we go think about this things we need to be aware of certain pitfalls which I am going to highlight below.

* bitcoin investment scam: This one no be Bitcoin investments and ee get some promises way them dey make way be say we self go see am say the promise too good to be true, only thier promises self fit give us assurance say the project no follow so we need to Stay away from this kind of projects.

* cloud mining: almost all of these are scams as alot of people don also experience am so we gats avoid these like the plague.

* short term trading: These one na very difficult game way person no supposed put body, so I no fit recommend this to anybody. Because this one no dey waste time dry person most of this speculators lose all their money quickly, trading just dey like predicting human behavior and we know how difficult it is to predict human behavior this is why we gats avoid am too.

solution:

We need to believe in the long term viability of the technology and of the power Bitcoin has to change our society. If you are a real believer you will buy Bitcoin (Hold it in your own wallet where you control the private keys not anyone else) and you will hold for the long term [ 10 years or more. ] Rather than looking for short cut to success.

Here is the little advice I have to offer, and I believed there are still more that need to be mentioned here, so I would also like to hear your advice regarding this issue.

There are too many individuals who get into the Bitcoin thinking that it is a get rich scheme and that they endured scams or high risk trades that left them bankrupt. I have also witnessed it to several people close to me. The long-term-based way of thinking is essential. To me education has been the most important thing. Looking at the Bitcoin dynamics and the reason it is significant will get you to tune out the noise and the phony promises. As soon as you begin trailing hype you are already in big trouble. It is easy to advise. Just purchase what you can dismiss and simply allow time to take its course in case you really think that it is worth it. It is patience that is a game changer.

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