???I don't know why should it be like that for me it s not so clear
For a lot of people it is not very clear, but when the train starts going, they are trying to catch up, even if it is still not clear to them why the train is going.. and it becomes a kind of panic chaos.. .that is still not clear, even though it would have been better to have been at least partly on the train rather than chasing it.
You have your own choices, regarding your level of preparedness attempts, or not... or just to continue to be "not so clear"
I agree, everyone should have their own choices, we must not make choices because of others but, because of our own. If people make their own choices, I believe in the end they would not have any regrets because it is their own choice that they have putted trust into.
I don't believe that every person has the ability and personal quality to make own decision every time.
Moreover I don't think they should be like that.
In current era I think people should rely on social media influencers and those should think twice before making any move or giving any piece of info to their followers.
I mean no man can know and understand anything, but one can find another to trust
That's ridiculous.
Be responsible for yourself.
Being responsible for yourself does not mean that you are going to be successful or even come to the right decisions all of the time, and of course, if you have mental deficiencies, then you are going to need to rely on someone else, but I am merely attempting to assume normal and regular people have mental faculties, ability to learn and abilities to learn how to sort good information from bad information while creating their own planning and strategies around that.
Surely, over the years we learn from others, and when we are younger, we don't know as many things, so in that regard it is good and prudent to have some humbleness in attempting to learn from others, while at the same time, we are responsible for our actions and the management of our portfolios.
Of course, anyone has the ability to also contract out financial management while understanding that there are fees involved with that, but bitcoin allows way more abilities to directly interact with the asset.
There is a lot of good advice and suggestions on this forum in order that members can learn various prudent strategies and practices, such as don't invest more than you can afford to lose (meaning make sure that you are prepared to pay your ongoing expenses no matter what because you don't want to be forced into cashing out any bitcoin at a time that is other than your own choosing).
Accordingly, it takes quite a bit of time to learn about all of these various financial management practices, whether we are talking about bitcoin or any other investment assets, and surely, I would recommend a lot of caution regarding investing in shitcoins for a variety of reasons, but anyhow just getting back to understanding yourself and your personal financial situation has to do with getting a grip on various aspects of your own circumstances including your cashflow, your other investments, your timeline, your view of bitcoin versus your other assets, your risk tolerance (including managing such risk), and your skills and time available to manage your portfolio (including researching/learning, trading, reallocating and tweaking from time to time).
Getting a grip on these various aspects of your own circumstances take time, and yeah if you rush into rash approaches that involve gambling while trying to get rich way the fuck quicker than is feasible, then you are surely taking a lot of chances that you might end up losing any principle that you have built, or if you believe that you can engage in leverage trading, then that takes extreme high level skills that may be akin to gambling that have considerable chances of turning out badly.
So maybe traditionally it could take a whole lifetime to build up a portfolio in which you might consider yourself rich, and there are a lot of young people who have historically talked a pretty BIG ass game, but statistics show that a large number of people do not succeed in terms of really establishing and maintaining situations that are very well off for them, which should also involve figuring out ways to live well within your means, and so you are always building an investment portfolio that at some point grows to such a level that you are able to live off the income from the size of your investment portfolio. Standards of living will vary, too, so a person could become independently wealthy on less than $500k of principle, if his monthly expenses are sustainably below $1,667 per month.
Other people are going to feel like they need more than that to be happy or able to generate enough income to sustain themselves with their lifestyle, and maybe they might paint themselves into a corner of never being able to pull the fuck you lever if their requirements to live are way higher than any principle that they are able to accumulate.
So for example, acquiring a principle of $2million should be able to sustain a passive income of $6,667 per month, and many of us would believe that to be sufficiently enough, even in western economies, but if you choose to have higher expenses or to live in the middle of an expensive area, you might need twice that amount....
Yet a lot of the problem for people to establish fuck you status remains the inclination to gamble too much and to NOT sufficiently focus on the importance of actually building their principle to a sufficiently high enough level to sustain themselves sufficiently. Sure anyone could get lucky and reach such "fuck you" status in less than 30 years or less than 15 years, but those are frequently considerable exceptions to the rule, and striving to rush the process will more likely cause failure to achieve such "fuck you" status rather than attempting to plan the longer game that concentrates on building principle and continuously stacking away principle in such a way that allows you to recognize a point in which that principle is going to be enough to sustainably pull the fuck you lever.
You don't get these kinds of personal assessment skills by either relying on others or contracting out your thinking to others, and you are only going to get the requisite money management and wealth acquisition skills by attempting to employ them yourself, prudently practicing them, learning from your likely inevitable various mistakes and tweaking your system and approach on a sufficiently "as needed" basis. Even if you get lucky with some gambling investment that you made, you still need to figure out ways to both preserve the gains and to figure out ways that your gains are sufficiently and adequately working for you.
should we wait for so long till 2030>!
