Success in Bitcoin investment is a two way stream depending on your choice of strategy which is very important, it doesn't matter if you are rich or poor and that is the beauty of it, there is no particular advantage you just have to be discipline yourself to get rich with Bitcoin.

Indeed, Bitcoin investment is two sides of a coin, you can either get rich from it or go broke but it all depends on how you invest and by that I mean the amount of money you put into it and the decisions that you take. Before making any decision you need to understand that having knowledge makes you take better steps and also having control over your emotions as well, without any of these you would fall under the category of people that end up getting poor from investing in Bitcoin.

Bitcoin investment can also take you from rich to poor when you take it as a quick money making scheme, a lot of people that do this end up selling their coins too early or taking out their investment to put into something they consider might give them a quick return.

I think this argument also applies to any kind of investment and business- it's all about managing your risk as part of your strategy in order to maximize your winnings.

Just like any other investment, it can go both ways- you either be part of that successful number of people; or you can be part of the majority where failure is nothing but part of the process of being successful.

The argument that OP posits that crypto can make or break you is arguably correct but it will all depend on how you would manage your resources. If your aim is for long-term investment, I doubt that it can make you poor in a short amount of time. However, if you play with your cryptocurrencies via trading, then there is a huge chance of losing everything in the process.

An investor's success depends on their methods, planning, and decisions. Anyone driven by excessive greed must also accept the risk of losing everything. The root of the problem lies in overstepping one's limits; if someone invests an amount they cannot afford to lose, financial ruin is the natural consequence of a loss. After losing everything due to ill-conceived actions and exceeding their limits, many console themselves by blaming Bitcoin, yet one must ultimately bear the consequences of one's own decisions.

It is absolutely true that there is a risk of losing money by investing in Bitcoin, a volatile asset. It should not be forgotten that there is a risk in any investment, so if you are knowledgeable about Bitcoin and invest within your means with discretionary money by maintaining consistency and do not lose confidence quickly after seeing Bitcoin's volatility, you can patiently hold Bitcoin for a long time, thereby reducing investment risk.

To reduce financial losses by investing in Bitcoin, long-term planning and discretionary income continuity and creating an emergency fund and finally, your confidence can gradually lead you to specific goals. The more research you do about Bitcoin the stronger your confidence will be, so it will be easier for you to walk the long way.

I agree that with proper spot HODLing Bitcoin has never disappointed anyone across 4 to 12 year cycle. But in real life not everyone is just die hard HODLer!
It was not just impatience and panic selling that caused everyone to suffer losses. Many have gone broke in single day while engaging in margin trading or future with 1:100 leverage. And that’s not even counting incident of hacking , scam or losing secret phrase!

So even though Bitcoin market itself does not forcibly impoverish anyone but people have ironically lost everything because of Bitcoin due to lack of knowledge, risk management, also impatience as you mentioned. NGL, it's foolish to deny real risk!


Those who aren't satisfied with safe 2x or 3x profit but instead engage in futures trading on shitcoin, driven by greed for 100x gain, deserve to see their balance wiped out to zero.

Hmm, given Bitcoin's current market cap, 20x increase in short term is almost fanciful. So, in my opinion, if you have small balance, you should be patient and use DCA.

Well you said wealthy people not regular folks, which means these rich folks already know the risk before making use of leverage in the market. Best to say being a Bitcoin trader or being a Bitcoin holder are two majorly different things, and these things are what determine a person's capacity both physically, mentally, and psychologically.I believe being disciplined is one thing that can only be gotten through experience or the value you give to your assets, but considering the fact doesn't really determine the movement of the market whether it will make you wealthy or not is based on how patient and how well you can tolerate the risk of a volatile asset like Bitcoin, both in trading and in investment.But one thing is for sure a person who can't be responsible for their assets isn't ready to prioritize self custody, so they should probably find other means of investment. Basically it's not everything that works for one person that will work for another, so we should learn to take note of our ability and capacity. Well, that's just it.....