Those that are lazy should not consider bitcoin because it's not going to be smiling at their laziness.

People that don't keep to learning should also not invest because they are mostly not going to be informed of the necessary things they should have known.

Also to those that are not risk takers, they should not invest because making money involves risk taking, which they must go for with an understanding that they see it worth taking.

What's a potential loss? Is that a loss that is capable of happening but not really there yet? In other words, we are all potentially dead because we could get hit by lightning tomorrow, or a plane could fall on our heads, but yet we still live our lives like it's not a threat.

Why should I care about something that could never happen?

IMO bitcoin investment is for everyone because everyone can benefit from it. You really have to put serious effort to turn that into a loss.

Short term gains is actually possible with bitcoin unlike most altcoins. But, this happens when there is a perfect timing and a perfect opportunity. But since bitcoin is a volatile asset, we cannot really tell when exactly this perfect opportunity would come and that is why people are advised to invest for long term. Amongst us here who are investing for long term, many would quickly withdraw their holdings immediately they notice any significant price increase. This can happen anytime whether short term or long term. Note that this set of people can be very patient till they reach their goals. That is their strategy of making money from bitcoin.

I do not really see this as a big deal. Anyone who is really interested in investing in Bitcoin will learn at least, the basics about bitcoin, except they are not just interested in Bitcoin that much, then they can avoid it just as you have suggested in your op.

Advising people to desist from bitcoin investment doesn’t sound right, for the fact a lot of investors don’t love bitcoin investing pattern it’s quite understandable but, I will not give such advise as op is stating in the context. Bitcoin knowledge can be acquired including funds can be made for the purpose of investing, forcing an investment is also not the right thing to do instead it’s left for them to make their decision. Concerning emergency funds I will suggest an investor save gradually definitely building an emergency fund doesn’t take a day likewise bitcoin portfolio, more reason one need to take time not chasing after quick gains because investing is all about long term plan.

Though that mantra is very popular when it comes to investment, still, many people are having hard time practicing it because they have high hopes when they start shoving money into this market. Admit the reality that a lot of people are jumping into this bandwagon because they thought that they can easily get rich with this market. However, they will know it once they got in that there's more than meets the eyes in this scenario. You can't just gain profits by buying btc. It is how you strategize in selling your coins to gain profit.


That for sure is the usual mistake of people when it comes to btc investment. If they don't know the market, better enrich yourself with knowledge if you really want to get a hold of some satoshis. Because investment in any thing needs knowledge, not just only with btc. As we can see here, no matter what type of investor you are, whether a big or smaller one, you are free to enter this market. However, it is up to you how you will handle such investments to acquire your profits. The entry and exit in this market would tell you ho much you can gain in this market. It may seem simple but the actual execution would be a challenge especially if the price gap is quite slim.

Indeed, there are many stories about the huge profits that bitcoin can bring that are widely circulated but rarely are there any stories about losing money when investing in bitcoin mentioned. I think this could also be one of the reasons why many people mistakenly think that bitcoin is a get rich quick scheme and many people rush to invest in bitcoin without fully understanding it.

As I have said many times before, bitcoin is not a magic wand and will change our lives easily. It is just an investment tool like many other investment tools and the profit will largely be decided by the investor and not by bitcoin.

Knowledge is of great advantage, but at least knowing the basics is enough at the start as the learning process continues. They will know more as they gain experience as well. Besides, it was not just the knowledge that would lead to success, it also depended on how we managed our investment. It is more in strategies and market analysis. But if we want to have a better investment future, it is also a need for us to make an effort to know more about Bitcoin. Might it take so long but I believe this will also give positive results.

With knowledge, risks are becoming smaller, much more so than without it.
From there, we are having much more analysis capabilities to get a better understanding of what may be done to achieve success.

If it is said to be an investment, then they should understand that this is for the long term, more than 6 months, the longer the better by understanding the risks, if it is only for the short term it cannot be called an investment but a trade.

Trading and investing in Bitcoin is not always good for everyone, especially for those who only want to store Bitcoin for the short term but want profit like investors, as well as those who want to be investors but immediately panic when they see the price drop, so the key is in knowledge on how to successfully become a Bitcoin investor.