Current bitcoin have been on higher price I don't think its the way to make rich quick scheme based on many people mindset when investing their money in bitcoin, many people wrong perception when investing their money in bitcoin and want to get rick quick way due many people have been success when investing their money in bitcoin before. Many new investor in bitcoin not looking with some success investors how many years they have invested their money in bitcoin, just looking with the result or achievement by increasing the values of investment only without looking how many years needed for getting bitcoin on higher price.

Need to educate for new investor mindset when investing their money in bitcoin, don't blame with many people achievement have earned much profitable in bitcoin but don't forget with how many years their money put in bitcoin.

Bitcoin holds the value of our money and on the other hand Bitcoin generates new ATH with a long period of time through which it is possible to make multiple profits and on the other hand its price is always fluctuating so it can be very profitable to trade.  So it is considered as a strong asset by all.  But like gambling it cannot make one rich quick.  Investing in Bitcoin requires patience and holding it.  A long term hold can give you a good profit

I do not deny that satoshi mentioned bitcoin as a p2p currency in bitcoin's white paper. But do you see what's happening? Or are you stubbornly unwilling to accept the fact that people are treating bitcoin as an investment rather than a currency? Given what's going on, I don't see anything wrong with the OP advising people to buy and hold bitcoin long term to make a profit. I think it doesn't matter whether bitcoin is a currency or an investment, as long as it brings benefits and does not harm us, there is nothing wrong.
If you want to use bitcoin as a currency, go ahead and for those considering it as an investment, respect them as they respect you, no one is wrong here.

I believed op is talking about the newcomers and those who are judging bitcoin from afar. And as the op said those who not really understand and known bitcoin will think that bitcoin is a get quick rich scheme but when you come close to our and understand the investment process then you will come realize that bitcoin is not something one invest and get rich within 1-4 months. And also not everyone in the world understand that bitcoin is a Currency that can be used to buy things. And many at of them don't even know that it can be used for investment for a long period and have profit at the end.

What you said is also correct, those who are not using non custodial wallet or DEX will not know the tx fee increase because if they need cash they will just sell it in the exchange so they will not feel the tx fee. But the people who is sending to them must pay that high fee. And also those who have been in the system can make money every day from the system by trading. And trading pays instant and if the trader is very person is very good in trading then he will make millions within a short period of time.

Bitcoin is not a lottery that you hit the jackpot. Bitcoin is an attractive option for a new investor in the cryptocurrency market. Maybe some people don't understand the hostility or don't get the right idea enough to invest in Bitcoin. Bitcoin can be bought and sold through individuals or companies, and it uses proprietary cryptographic technology designed to keep transactions and assets secure. You can earn Bitcoin or exchange it for one of the many cryptocurrencies. Bitcoin can be a get-rich-quick scheme for those who have a proper understanding of the ups and downs of the Bitcoin market, those with a large amount of money can get more profit by investing in Bitcoin in the short term, but those with less money have to wait for a certain period of time to invest in long-term.

I don't like posts that are too long, but I took my time to go through this post because of the topic I found interesting, and seriously, all that you said is on point. All people who think Bitcoin is a get-rich-quick scheme are a set of people who don't have any knowledge about Bitcoin and cryptocurrency in general and are referred to as newbies, if not anyone who has a good understanding of Bitcoin. They will never think that Bitcoin will make them rich quickly because it was never created for that purpose.
 
As you said, if someone wants to make a reasonable profit from their Bitcoin investment, they have to be patient enough to hold on to it over a long period of time, and they also need to invest a reasonable amount of money they can afford to lose, or use the DCA method, which means continuing to buy Bitcoin either weekly, monthly, or yearly, so that they can achieved a good amount of money invested in Bitcoin investment.
 
Many people that you see that are investing in altcoins are those who are looking for huge profits and quick profits in the cryptocurrency industry and thinking that altcoins can give them those profits because of some stories they Amy have heard about some people who were lucky to make some of those profits, but those people don't know that they are just gambling with their money because there is no assurance that you will profit from those shitcoins because they are pump and dump coins unless someone is just lucky. They are some altcoins that may have gained little trust but are still not reliable at all because anything can still happen if those that have more share decide to take their money from the project.

Let's take a look at the chart.
To go back to $15k right now is still unlikely and Bitcoin is still held by some pretty strong support including at $30k as you said,
but exactly for the Trend Flip Area is at $32k++.
So the $30k-$32k price area is still a strong enough area to keep Bitcoin above the $30k price.

Then if the worst-case scenario Bitcoin has to enter the bear market again and break the $30k support, it will still be held in the $25k-$20k price area, it will be a strong enough area to hold Bitcoin above the $30k price.

You won't get rich quick. It takes time and effort, so some investors rush into risky investments in an effort to make a quick buck. I think investing is an opportunity that doesn't always exist and should deal with the situation in the crypto market over time and then invest. Bitcoin is more popular than before which is really a good sign so you should be patient because you can't always buy at low price just like you can't always sell at high price. Dealing with the crypto market is complicated especially for new investors.

I have to agree with this, many of the newcomers have been given bad narrative of what bitcoin is, if you check social media and will see many people spending anyhow and when asked on what they do most will tell you they are into crypto and that has made many people believe that there is excess money in this space. Yes we can’t deny the fact that when you invest into bitcoin you will make profit if you enter the market the right time and exit the right time, but that still doesn’t make you that filthy rich. The time where bitcoin in particular has high volatility to cause huge price rise has passed, the best one could get now is probably a 5x during bull run.

Where high volatility is now is the Alticoins, I wouldn’t deny the fact that most of them shitcoins could easily do a 1000x but is the risk worth taking i would say yes if you don’t value your money.


Even if you invest a lot of Time into bitcoin your investment will grow respectively to how huge you invest but making you filthy rich is something i would say you can’t get from bitcoin. What is most assured is your money invested into bitcoin will never go dust like shutcoins