TL;DR

Someone claims to have made a lot of money very quickly trading Bitcoin, but it sounds too good to be true. This is more like gambling than investing, and it’s extremely risky.

Story

“100k gain from Bitcoin in 2 minutes.” The title itself sounds like a late-night infomercial, promising riches with minimal effort. Let’s unpack this. A Redditor claims to have turned $90,000 into $190,000 by trading Bitcoin options in under two minutes. Now, my inner financial writer is screaming, “Hold on a second!” Remember the dot-com bubble? Or the 2008 housing crash? Quick gains often come with equally quick, and sometimes devastating, losses. This isn’t investing, it’s high-stakes gambling. Imagine flipping a coin: sure, you might get heads twice in a row, but that doesn’t mean you’ll always win. The Redditor mentions Bitcoin ‘options.’ What are those? Simply put, it’s like betting on whether the price of Bitcoin will go up or down within a specific timeframe. The shorter the timeframe, the higher the risk. The comments reflect a mix of awe, envy, and concern. Some users express disbelief, while others ask, “How?” and “Which app?” A seasoned investor would tell you this kind of rapid gain is unsustainable and likely driven by pure chance. Don’t get me wrong, a quick buck is tempting. But remember, for every winner, there are countless losers. Think of it like a lottery: one person gets the jackpot, while everyone else loses their ticket price. The commenter mentioning ‘0dtes on crack’ highlights the intense volatility. What does that mean? Imagine a rollercoaster—Bitcoin’s price swings wildly up and down. This kind of volatility can wipe out your investment faster than you can say “cryptocurrency.”

Advice

Don’t fall for get-rich-quick schemes. Slow and steady wins the race in investing. If something sounds too good to be true, it probably is.

Source

https://www.reddit.com/r/wallstreetbets/comments/1i4g631/100k_gain_from_bitcoin_in_2_minutes/