Topic: 2020-2021 best year if You Want to become rich no skills needed - page 4. (Read 1426 times)

You bumped a few months old thread actually but a good thread in times when BTC price is breaking all records

I agree that while investment in Bitcoins seems like the best idea but it is only because the price is doing good recently but as it drops a little bit people will question their own decision to invest so yeah one must consider all the aspects of such investments because these flashy investments as much rewarding as they are they can be equally punishing as well because of the volatility.

I like the idea of investing in Bitcoins and hold some myself but I always have the thought in the back of my mind that it can go wrong as well and I am okay with that and hence still holding.

every time someone wants to invest, all forms of risk must be ready to accept because I think the price of gold requires a high level of patience, especially if they have to bear the capital they use of the loan,It really scares someone when things don't go according to expectations.

I don’t know, but I do think that taking loans is quite a bad idea. Although it’s up to whoever is planning to take the loans, you have to make calculations and be sure that the loans you’re about to take is a loan you can afford to take and pay back later. Loans are a very and thing if you’re not able to pay them back later, you’re just going to end up regretting everything.

So, it’s best to plan everything and know if you will be able to cover up everything later. Would be best if you say just investment, as you will be investing with your own money and if there happens to be any loss, you know it’s your money and nothing much to be worried about that.

In my opinion, trading that only relies on luck is almost the same as gambling. Although sometimes unskilled people profit from trading, this is definitely not the best way to trade. I would not recommend anyone who is not an expert to trade especially in crypto. They have too much risk and a loss is a sure thing for them.

You are right because skill is the foundation for getting the most out of it. I think there has been a lot of learning scattered around the forum regarding trading skills and is very helpful for anyone who needs it.

This is slightly misleading as investing into stocks, gold or loans require tremendous amounts of patience, knowledge, and skill in order to reduce potential loss or risk on your part. Unfortunately, most people have the mindset that investing on gold, crypto, or stocks do require skill or knowledge per se, but in reality, it requires practical skill and good forecasting.

As what I have been saying, there is no easy formula to being success and rich. You really must work hard, persevere and take risks/opportunities presented. Lastly, you must also be willing to accept the inevitable loss that will be coming as this teaches you a learning lesson you must prevent the next time you invest.

Skills are really the root of all success, and if you loan and you are not confident with your fate in crypto investments because you don't have skills, then good luck.

If you will just rely on your luck without working so hard for yourself then that's really a bad thing for you. Loans can make you poor again if you don't make yourself grow with the opportunity that is given to you. But it takes a lot of courage, effort and patience for someone to grow using loans.

And if you think that in investment, skill is not required, then you are absolutely wrong.

I think you cannot be productive you don't have any skills usually it requires all the time like in investment you already told you to need to have prior knowledge when is the right time to buy and sell bitcoin what is the best platform to make an investment all of the things require skills.

If you are an investor just put your money on cryptocurrency without hesitation about the market movement I think you are a fail investor.


The covid does not really affect the market of the cryptocurrency still the same many people said that the COVID affects a lot of because of the shortage of an economy and affects the stocks quoted above but not in cryptocurrency.

It is true that this year is very good for crypto and gold investment, because the market is trending up. But I don't think
it's a good investment idea in stocks, because the COVID-19 pandemic affects price stocks. And I don't agree if it says
don't need skills for investment, because if you do not have skills and knowledge, it is impossible to determine good assets
to buy and also not be able to determine prices buy / sell.

I agree without atleast some skills or foundation of knowledge there is almost no chance of becoming rich. There are so many hard working people out there trying to become rich that you need to offer something better to compete. If you don't have such a basis it will be really. An alternative to compensate would be to go into cryptos and investing, but here you would atleast need some form of starting capital to invest properly. And then again it would be wise to have atleast some skills. The good thing is, with the Internet you can start learning new skills everyday.

Skills are very important in whatever work you do. With the competition keep rising, so people need to possess multiple skill set so that they could be fit into the role and can earn good money if they specifies into something and also have other skill set which can be an added advantage to that job. Also do what you enjoy and develop your skill sin that field.

OP's idea is very simple, buy now, hold and sell. There's no skills needed for that as that is what we called long term investment, having a little knowledge on crypto and strictly following the method would make someone profitable already.

We will definitely see a new ATH, so price now even we've seen a high this year already is still a good price to buy.
A new ATH would not only bring bitcoin to $21,000, it's possible that bitcoin would crossed $50,000 to $100, 000, depending on how big the FOMO is.

I think education or ability is still needed to get rich, investing without the ability will bring us down at a loss. Moreover, you suggest taking a money loan. will only add to the loss. This year is the right time to get up and learn what opportunities can be done to achieve success today and for the future.

I agree with you if by education and skills, you mean formal education and skills. It is of utmost importance that you have the right knowledge concerning crypyo to be able to invest and make money. Even if you'd hodl, it's important to know which coins have the potential to grow to make money in the future.
Again, I believe taking a loan is a bad idea. It's actually better if you'd invest in crypto with money you can afford to lose. That way, you won't be in debt when things go south.

You cannot be that serious on stating such thing right? Having no knowledge about crypto investment and just putting your money into what you think is potential is clearly a serious throwing of money into a gamble for you are like not having any care on how your money investment will get going because lack of prior knowledge upon engaging into any crypto related works has associated risks to be faced with specially when you are talking about crypto investment and trading. This was the initial misconception of many people upon knowing and entering crypto industry that earning money in here is just an instant that once you put money for investment, you will not be needing knowledge for it will be working on its own and make you rich. That was a serious fantasy and that is impossible to happen.

If so happen that you earn on crypto investment even without prior knowledge on how it is done, it must just be a sense of luck that allows you to gain. But remember such thing is not always favorable on your side for you are staking your money into a gamble. No rich man in crypto got into his place doing nothing and that must be cleared on people wanting to get into crypto investment to clear the misconception that earning in crypto doesn't need to have skills and knowledge for the fact that you do still need it.

You know that market is very uncertain and the market is very volatile, there's no guaranty of getting rich investing in Cryptocurrency that is why it's always advisable to only invest what you can afford to lose, you have the wrong notion on investing in Cryptocurrency, you don't ask for a loan just to invest, unless you have a way to repay your loan not coming from Cryptocurrency.

I think this is so true that you need to have minimum knowledge before you invest .Without knowledge you don't have any idea how you can buy btc . So before invest the valuable capital you have to study on crypto even how about the market act with investor.

If this were all really true, as the OP says, then we would all buy bitcoin, sit and wait for our wealth. Unfortunately, this is all nonsense. Everyone has the right to think of themselves as a capable entrepreneur who invests correctly. But in fact, few are the winners.
Why is this happening? Only because those people who are very careful about all things that require material investment. Before investing somewhere, you need to fully study the projects. And without knowledge, there is nowhere to go. The one who is always in a hurry, loses, who thinks and learns to gain experience, has much more.

Maybe you don't need to have special skills to become rich nowadays. It's more important to have an entrepreneurial ability.

I don't think it is easy. If you don't have the knowledge and blindly putting your money on any kind of investment, the loss will come and visit you. Remember 2017-2018? many people say that it was the golden age of bitcoin and the cryptocurrency. However, there were many people who lose their money during this time. Most of them don't know about bitcoin and cryptos and they just invest their money arbitrarily when they saw these coins went super high.

In my opinion, dont try to invest your money if you cant afford to lose. The risk in every investment has a same chance as the reward. In order to reduce the risk, you need to have a better background

Even, if we gamble we need a strategy as well to at least have a hope to win. It means, you need some strategy as well and you need to have some knowledge to start. I still remember when I start trading and at that time I just depend on my lucky. I have no knowledge especially some strategies like candlestick, chart pattern and etc so I just loosing money. Comparing now, I learn more about candle stick, chart pattern and another strategy so as I have more confident to gain profit. It will be like that, if you just enter to the market without zero knowledge although the market sentiment is good it will be useless.