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    Author Topic: Bitcoin Can Take You From Poor to Rich and Rich to Poor.  (Read 792 times)

    • Decimetre
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    Today at 05:18:40 PM
     #101
    Trading has given bitcoin a lot of bad names among the folks who hate either not aware that bitcoin is not only all about trading or seeking for quick profits. I was in a discussion with a friend recently when we started talking about bitcoin and his next statement - meaning of what bitcoin is was totally different, Trading. I tried explaining to him that bitcoin is not allowed about trading but he still sounded confused like someone who's hearing this different view for the first time.

    Anyone that has the right knowledge of bitcoin will keep going higher because he will go into bitcoin investment instead of trading and one e he embraces investment, then he can easily rise from poor to rich but if he gets distracted and decides to trade bitcoin, he may also come back to poverty over time. I have seen friends that lost fortunes swiftly because of greedy trading. So it's right to say that greedy people can go from rich to poor in bitcoin while non greedy people can go from poor to rich in bitcoin.

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    Today at 05:41:45 PM
     #102
    Quote from: EstherBtc on September 23, 2026, 12:16:26 PM
    Bitcoin has created millionaires.

    But Bitcoin has also destroyed fortunes.

    Bitcoin is perhaps the only asset in modern history that allowed everyday people like students, developers, low income earners in developing countries to completely bypass traditional gatekeepers and build generational wealth from scratch.
    https://www.forbes.com/sites/bishopjordan/2017/07/07/bitcoin-millionaire/?

    True but people that are losing millions holding Bitcoin is due to their impatience or carelessness to buy and keep their Bitcoin in a wallet they have access to the seed phrase. Also majority that have lost their Bitcoin was due carelessness to keep their seed phrase safe from where it can not be accessed or hacked by someone else.

     The advise I used to give people when they want to invest in Bitcoin is to make sure that they keep their seed phrase safe and never keep their Bitcoin holdings on a centralized exchange. Lack of safety concerns can make an investor to lose their Bitcoin and it should be necessary for newbies to learn how to keep their wealth safe before ever investing in Bitcoin.

  • SOKO-DEKE
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    Today at 06:01:21 PM
     #103
    Some people lose money in Bitcoin, not because of anything else, but because they lack proper knowledge. This is what makes them make and take wrong decisions that lead to their losses.When someone is not patient enough and does not follow the right steps, they will definitely lose money in Bitcoin. Bitcoin is known for the long term, not the short term. Someone who is eager to make money easily will definitely end up trading, and we all know that trading is very risky. The chance of losing funds through trading is higher than making a profit, and the Bitcoin market is always very difficult to predict.It is a pattern: what someone puts into Bitcoin is what they will eventually receive. So, when people who are rich come into the crypto industry and lose their money through Bitcoin, it may be because of their approach.
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