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Bitcoin Is Not A Get Rich Quick Scheme And Never Will Be - Investment - Nairaland

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This Is Not A Get Rich Quick Scheme But It Can Make You Some Good Money / Bitcoin Is Going Down, Get Out Now Or Cry Later - Speed Darlington / Cryptocurrency Is Not A Get-rich-quick Scheme - Ruth Iselema (2) (3) (4)

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Bitcoin Is Not A Get Rich Quick Scheme And Never Will Be by KingGe: 11:12pm On Nov 29, 2017
Let me disabuse the minds of some persons who think BTC is a get rich quick thing.

[img]https://4.bp..com/-IDYIE6XeRDw/WhyqDY_NkTI/AAAAAAAABL4/yKUa6jjWSZ0y4cIejePTqu2LQYvXhn2DQCLcBGAs/s400/Bitcoin%2Bis%2Bnot%2Ba%2Bget%2Brich%2Bquick%2Bscheme%2Band%2Bnever%2Bwill%2Bbe.jpg[/img]


I'm sorry it is NOT a get rich quick something. Are you aware it is a cryptocurrency founded 10 years ago that is used for buying goods and services as well as for borderless payments?

Are you aware people trade the dollar with other currencies (forex) just as btc is traded with multiple other currencies?
Who invented the dollar? It was invented by men and people agreed to be using it as their means of currency.

Same way Bitcoin was invented to eliminate middle men so that people can do transactions p2p and be their own bank with state of the art security called the blockchain and decentralization (immutable public distributed ledger) for their funds.
Not for governments but for ordinary citizens who get exploited by the governments, capitalists and big banks.
Cryptocurrency is here to keep the banks and governments on their toes and force them to behave and do better.
Bitcoin is more valuable than the dollar and has grown in value in its 10 year sojourn.
It didn't start last year or yesterday people.

It's recent massive growth is as a result of it being just awesome and more people coming to utilize it and there is just not much to go around.
In its inception years ago, it was worth absolutely nothing because people utilizing it were insignificantly infinitesimal.

But now, hundreds of milliions of people are using it.
There will only ever be 21 million bitcoins in circulation for the world to use (over 7 billlion population).
If you have studied demand and supply in economics, you will understand why the value will soar endlessly as more people utilizes this astonishing technology and payment system.

And just like everything that obeys the natural law of econmics, it has NOT been going UP in value only. It falls, rises and grows.

Source: http://cryptoledge..com.ng/2017/11/bitcoin-is-not-get-rich-quick-scheme.html
Re: Bitcoin Is Not A Get Rich Quick Scheme And Never Will Be by jerryunit48: 12:11am On Nov 30, 2017
I actually heard a German radio yesterday saying if you had invested one thousand Euro some few years back you probably would have been a millionaire today
Re: Bitcoin Is Not A Get Rich Quick Scheme And Never Will Be by Okewa(m): 1:16am On Nov 30, 2017
It's a matter of time...Bitcoin will circulate the world
Re: Bitcoin Is Not A Get Rich Quick Scheme And Never Will Be by danolorunmo(m): 6:25am On Nov 30, 2017
KingGe:
Let me disabuse the minds of some persons who think BTC is a get rich quick thing.

[img]https://4.bp..com/-IDYIE6XeRDw/WhyqDY_NkTI/AAAAAAAABL4/yKUa6jjWSZ0y4cIejePTqu2LQYvXhn2DQCLcBGAs/s400/Bitcoin%2Bis%2Bnot%2Ba%2Bget%2Brich%2Bquick%2Bscheme%2Band%2Bnever%2Bwill%2Bbe.jpg[/img]


I'm sorry it is NOT a get rich quick something. Are you aware it is a cryptocurrency founded 10 years ago that is used for buying goods and services as well as for borderless payments?

Are you aware people trade the dollar with other currencies (forex) just as btc is traded with multiple other currencies?
Who invented the dollar? It was invented by men and people agreed to be using it as their means of currency.

Same way Bitcoin was invented to eliminate middle men so that people can do transactions p2p and be their own bank with state of the art security called the blockchain and decentralization (immutable public distributed ledger) for their funds.
Not for governments but for ordinary citizens who get exploited by the governments, capitalists and big banks.
Cryptocurrency is here to keep the banks and governments on their toes and force them to behave and do better.
Bitcoin is more valuable than the dollar and has grown in value in its 10 year sojourn.
It didn't start last year or yesterday people.

It's recent massive growth is as a result of it being just awesome and more people coming to utilize it and there is just not much to go around.
In its inception years ago, it was worth absolutely nothing because people utilizing it were insignificantly infinitesimal.

But now, hundreds of milliions of people are using it.
There will only ever be 21 million bitcoins in circulation for the world to use (over 7 billlion population).
If you have studied demand and supply in economics, you will understand why the value will soar endlessly as more people utilizes this astonishing technology and payment system.

And just like everything that obeys the natural law of econmics, it has NOT been going UP in value only. It falls, rises and grows.

Source: http://cryptoledge..com.ng/2017/11/bitcoin-is-not-get-rich-quick-scheme.html

Nice write up sir! However, bitcoin has made some over night millionaires. Look at people that are participating in different ICO's such as BCC, you're made already. Someone that bought $5000 worth of btc last week is already a big shot today with btc being about $10,000.
Re: Bitcoin Is Not A Get Rich Quick Scheme And Never Will Be by Jaxx123: 2:22pm On May 25, 2021
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Re: Bitcoin Is Not A Get Rich Quick Scheme And Never Will Be by ElectronicMoney(m): 2:19pm On May 27, 2021
Okewa:


It's a matter of time...Bitcoin will circulate the world

Bitcoin will be eclipsed by another coin, it's only a matter of time
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