I have seen a similar case where the guy doesn't know much about how bitcoin works, but claims to be a good trader. He told a lot of people to give him funds to trade for them. Unknown to him that bitcoin is a volatile asset. When the price started dipping, he made a big loss. He sweared not to deal with anything cryptocurrency again. His lack of knowledge, made him feel that bitcoin was a scam.

This kind of thing can not be prevented from happening, because in any field or investment it can happen and we can find someone who feels great, understands or understands, is an expert and has mastered what is conveyed and also produces good things or profits even though in fact all of that is not in him. So it is very necessary to be careful because people like this can be found anywhere and do not be easy to believe, especially Bitcoin which is currently on the rise which can be used by these people and we cannot blame the person. And who is to blame if he is provoked, it is his own fault because it is very easy to believe without doing intelligence to analyze or try to find accurate information to learn everything so that it is not easy to believe. And incidents like this will continue to happen and it can be said that one of the things that people should know and fix is ​​Bitcoin even though it is a big mistake if he fixes everything well but incidents like this will be an experience and can also be used to tell others not to easily believe someone before learning and doing their own research which in the end those who are wrong will still be involved and start over well overall because I am very sure that there must be many Bitcoin users or investors who start from all that and make it better and become profitable after learning and fixing it overall because all things can happen can start from mistakes, stupidity and also in the right way and so on the most important thing is that Bitcoin adoption continues to grow in various ways.

Yes, most new Bitcoin investors believe they'll get rich simply by investing in Bitcoin, only to discover later how wrong they were.

When advising anyone new to investing in Bitcoin, it's crucial to explain the risks before the rewards. It's also essential to explain the significant volatility inherent in Bitcoin. We must understand first and foremost that Bitcoin doesn't provide quick riches, but rather is the best way to hedge against inflation and gain profit in the long run.

Well, I’ve taught a lot of person about cryptocurrency and I didn’t tell them the good side only, I keep teaching them but at the same time I also keep fudding them that crypto isn’t good, too much risk. Of course sometimes I’m happy to tell them the good side of it because this is the reality, we can earn, we can have profit through crypto but of course due diligince my bros, they should be careful too and be aware of the risks. It’s a common thing that if it involves money, then they should be careful about it, they should have risk managements and be aware about their financial status.

Like now, do you think it’s advisable to tell the newbies that they can become a millionaire if they put money at this point? No.

To start with Investments actually are more like risks meaning there is always a chance of it going sideways unlike regular savings that you are guaranteed your interest after a particular period of time. The thing is with investments you have a higher and obvious chance of beating inflation and also ending up in profit.

What investors try to do is reduce their risk while still keeping their potential profits at maximum value. Basically bitcoin investment is an edge over altcoins because you are more certain of price progression than a down side retracement.

This is another method people lure their friends to invest in Bitcoin and it is very bad, instead of me trying to lure someone to invest in Bitcoin I would rather keep quiet without not saying a word, we know that Bitcoin is another way to earn profits but that doesn’t guarantee that it will make us rich, Bitcoin is not what some of us are thinking and that is why if some people invest in Bitcoin in just a month they will start complaining and asking when the price is going to rise or is it the right time for them to sell their Bitcoin.

It is time we know that some people don’t like Bitcoin at all, they only invest because they see someone made a lot of profit through Bitcoin, and in the story of that lady, I blame the person who introduced her to Bitcoin because she didn’t tell her how Bitcoin works if you want to introduce Bitcoin to someone you should tell them everything about Bitcoin both advantages and disadvantages so that if the person is capable he or she will do it and when the price drops the person will understand.

Well well, theere is nothing that is guaranteed in every investment but here is one thing about Bitcoin, if you have been buying Bitcoin from 2009 to 2024, you should be in decent profits by now, only this year I can say the profit has reduced small but one day in future, this particular price we are talking about will become something or past to discuss as we are going to be trading Bitcoin on another all time high, that's what I can say about Bitcoin investment.

It's good to make people understand the way Bitcoin work, don't hype it much and don't give them assurance like they are about to win something or change their life. In my own opinion, if they can hold Bitcoin for as long as they can, Bitcoin can make you richness but this depend on how much you already put into Bitcoin. Anyone investing $88k into Bitcoin now is a big person because the amount is high but I'm pretty sure you will make more later "if" you are patience.

New investors often make such mistakes in the first stage, they are interested in starting investing only because of the profitability of Bitcoin, they only see the benefits most of the time, but start investing without thinking about the risks. But when they face reality, and come across the real volatility of Bitcoin, they get scared and sell their holdings at a loss.
That is why it is necessary to have a clear idea about the market from the beginning, Bitcoin cannot only be thought of as a profit, the risk aspect must also be kept in mind. Bitcoin can never give a guaranteed profit, so you have to understand the right thing and hold it for a long time by adopting the right strategy. Only then will success come closer to you.

The guy must be a blind risk taker for ever thinking that he could get so rich in trading when he understands nothing about trading, people who do not know much about Bitcoin investment don't need to risk it because they will always see Bitcoin investment as a ponzi scheme where they can expect to multiply their capital overnight and for those who intend to start trading blindly they better not waste their time and resources because they will lose all they had laboured for. Knowledge is one of the best ways to get started in Bitcoin I think anyone who wants to invest in Bitcoin should get some clue of what they want to put in money into before investing.

I don't think telling them about the bitcoin cycle and relying on it for investment is a good idea. What is the guarantee that the bitcoin cycle will always repeat? Like what is going on, does anyone have proof or assurance that the bull season is not over and prices will continue to rise? Because if we look at previous cycles, we can easily see that the real bull season is coming this year. But does anyone dare to confirm and guarantee?
Instead, tell them that bitcoin is very volatile and unpredictable and if they want to invest in bitcoin, they need to hold it for the long term and should ignore short-term volatiles.


My only advice: DYOR, don't trust anyone completely.