It won't be a problem if most investors now do know the reality. The truth that most of the altcoins now are short term investments.
I may sound pessimistic but that is my opinion ever since this meme coins came out. Unlike Bitcoin and Ethereum, you cannot love the other coins.
You must always be willing to let it go if you see profit in it. Telegram and Discord groups will only fill you with the basics so better not stay there or you will end up like me falling in love with the community and their sweet words about the future of it.
Investing today became like trading in a different way.
Topic: Be a wise investor - page 8. (Read 1371 times)
Rich is necessary as motivation in order to be able to provide benefits to others. one way to get rich is to try and one of the efforts is to invest for the future. Utilizing a good project requires knowledge. without knowledge we don't know which project is good.
can you tell us about a good project?
It seems difficult to tell which projects are good at the moment because there are many projects that look good at the beginning but can still fail in the end so determining which projects are good is still very difficult and I feel this personally.can you tell us about a good project?
Be smart and always take advantage of any project that brings you profit, do not stare at your wallet and say "I'm going to be rich in 3 years later," this is a 1 percent out of 100 percent chance that it will ever happen, remember, being rich isn't the most important part of our lives but living is, and remember, being rich isn't the most important part of our lives but living is.
I think the reason you are arguing is that if a person buys a coin and if he thinks that I will be rich in a few days then it will be a big foolishness because there is no guarantee that he will be rich.So what is being said here is that he has to wait patiently and if he can be patient then it will be seen that his future will be much better and if he loses patience then it will be seen that he is likely to lose a lot.
The target of every investor is to become rich. But putting mind on a project that it can make one to be rich in 3 years time can be funny at times, it is better to stay positive on any project that is profitable and follow it up. It frustrating when a project all hope is on and later turns up to be the other way round. Pursue good project, let's not be too specific when it will make us become rich.
I'm used to losing
The reason that it is difficult to be a wise investor is to control our greed, of course very many people are trapped in investing because they want to get rich quick, they actually lose a lot of their assets, here think to get consistent profits rather than big profits.
Some people are fond of doing this, they just invest money in cryptocurrency and then leave it in their wallets believing that the value of the coins that they have stored in their wallets are going to increase in value and therefore making them rich in few years.
But that is something I wouldn’t like to do myself, yes there is the possibility that the price of cryptocurrency that you’ve invested in can increase and you would make a good amount of profits from it, but we are also forgetting that when it comes to altcoins that majority of them doesn’t have that kind of potential to increase in value like Bitcoin will do after every having. So, it’s usually good to search for other opportunities that you would get to increase your wealth.
But that is something I wouldn’t like to do myself, yes there is the possibility that the price of cryptocurrency that you’ve invested in can increase and you would make a good amount of profits from it, but we are also forgetting that when it comes to altcoins that majority of them doesn’t have that kind of potential to increase in value like Bitcoin will do after every having. So, it’s usually good to search for other opportunities that you would get to increase your wealth.
Sometimes being too ambitious to be rich will actually lead us into poverty, even I myself saw what happened in my environment, they really wanted to get rich quick but they gambled, even bought shitcoin coins with an asset price equivalent to their house. I think it's a crazy idea. but they are stubborn.
yes, i also knew someone who was very ambitious to be rich and was even willing to sell his house to buy shitcoin. he is crazy.if only at that time he bought a really promising coin like bitcoin or any other altcoin listed on the top of coinmarketcap I think he would be rich by now. unfortunately he bought the wrong coin and it ended badly for him.
Rich is necessary as motivation in order to be able to provide benefits to others. one way to get rich is to try and one of the efforts is to invest for the future. Utilizing a good project requires knowledge. without knowledge we don't know which project is good.
can you tell us about a good project?
It seems difficult to tell which projects are good at the moment because there are many projects that look good at the beginning but can still fail in the end so determining which projects are good is still very difficult and I feel this personally.can you tell us about a good project?
Bewise, smart, and also careful are the basic things that we must have when we are doing something, moreover about spending our money for investment.
Why this is important:
1/ We are investing for our future, so, think carefully, wisely, and also smartly about what kind of investment it will be
2. Itwilldecrease the risks of losing the assets that we are investing in. It may not guarantee the security of 100% secure, but at least, this will decrease the chance of loss
3. Being wise is very important moreover related to our own condition, we ourselves who know and understand what's going on in our life, so just do anything wisely, not to force our conditions o to have or do something.
Why this is important:
1/ We are investing for our future, so, think carefully, wisely, and also smartly about what kind of investment it will be
2. Itwilldecrease the risks of losing the assets that we are investing in. It may not guarantee the security of 100% secure, but at least, this will decrease the chance of loss
3. Being wise is very important moreover related to our own condition, we ourselves who know and understand what's going on in our life, so just do anything wisely, not to force our conditions o to have or do something.
Be smart and always take advantage of any project that brings you profit, do not stare at your wallet and say "I'm going to be rich in 3 years later," this is a 1 percent out of 100 percent chance that it will ever happen, remember, being rich isn't the most important part of our lives but living is, and remember, being rich isn't the most important part of our lives but living is.
You are not very precise about what you really mean, but as far as I understand, you are not HODL supporter, but you just like having money on the move. Of course, it's good to use money, not just keep it. However, it is not easy to find a project that is sure to be successful. Nevertheless, I agree with you and also try to invest in new projects from the now hyped metaverse, such as for example Everdome.
Be smart and always take advantage of any project that brings you profit, do not stare at your wallet and say "I'm going to be rich in 3 years later," this is a 1 percent out of 100 percent chance that it will ever happen, remember, being rich isn't the most important part of our lives but living is, and remember, being rich isn't the most important part of our lives but living is.
^ That's norms and it is already ingrained in our minds that our primary goal in investing and profiting is to get wealthy, which is either a success or a complete failure. It's not simple to get rich quickly in the world of investing, but the desire to do so might be a motivator for you to reach your objectives. This is something that everyone wants to achieve, and being well-informed and a wise investor can help you get there. Of course, it is quite natural to fail when taking on a risky investment, but that does not imply it's the end of the world, and doing nothing won't help either. Despite everything, you must work harder and keep going. Be smart and always take advantage of any project that brings you profit, do not stare at your wallet and say "I'm going to be rich in 3 years later," this is a 1 percent out of 100 percent chance that it will ever happen, remember, being rich isn't the most important part of our lives but living is, and remember, being rich isn't the most important part of our lives but living is.
Those who want to get rich quick get out of the market very quickly without any achievement. Investing in a project and holding it for three years is definitely risky if you can't do proper research. On the other hand, if you can invest in a promising project then there is definitely a chance to get rich. If you compare the current market with the last three years, you will get an idea of how much opportunity there was to gain during this time. So in many cases the long hold turns out to be the right decision.
I can give you some "certain" numbers.
I got the first 1000 predictions from this topic* The next 100x-1000x coin? because I was really curious to see the results after some time (in this case about 3 years, more or less).
I have also published a series of articles which (oops) is not completed yet due to very limited time... but some data are already available and published in my blog https://www.publish0x.com/bitbollo-cryptocurrencies-blog/a-depth-analysis-of-bitcointalkorg-speculation-thread-the-ne-xpnnjwq
Quick summary after 3 years:
10.83% of predictions have reported a total loss!
56.23% of predictions have reported a negative profit!
We have a total of 67% of coins suggested with 0 or negative profit at the end!
*This topic was created during the ICO mania in 2017 (just for your information).
I got the first 1000 predictions from this topic* The next 100x-1000x coin? because I was really curious to see the results after some time (in this case about 3 years, more or less).
I have also published a series of articles which (oops) is not completed yet due to very limited time... but some data are already available and published in my blog https://www.publish0x.com/bitbollo-cryptocurrencies-blog/a-depth-analysis-of-bitcointalkorg-speculation-thread-the-ne-xpnnjwq
Quick summary after 3 years:
10.83% of predictions have reported a total loss!
56.23% of predictions have reported a negative profit!
We have a total of 67% of coins suggested with 0 or negative profit at the end!
*This topic was created during the ICO mania in 2017 (just for your information).
Be smart and always take advantage of any project that brings you profit, do not stare at your wallet and say "I'm going to be rich in 3 years later," this is a 1 percent out of 100 percent chance that it will ever happen, remember, being rich isn't the most important part of our lives but living is, and remember, being rich isn't the most important part of our lives but living is.
Sure, this is sound advice; as wise men have said, opportunity comes but once, so we should try to take advantage of any opportunity for profit that comes our way, so that greediness does not control our emotions. We beginners in cryptocurrency trading often have the greedy mindset that this coin must reach a certain price before selling, and unfortunately, this can lead to the coin falling or dumping, which has lead to loss. 
Be smart and always take advantage of any project that brings you profit, do not stare at your wallet and say "I'm going to be rich in 3 years later," this is a 1 percent out of 100 percent chance that it will ever happen, remember, being rich isn't the most important part of our lives but living is, and remember, being rich isn't the most important part of our lives but living is.
Those who want to get rich quick get out of the market very quickly without any achievement. Investing in a project and holding it for three years is definitely risky if you can't do proper research. On the other hand, if you can invest in a promising project then there is definitely a chance to get rich. If you compare the current market with the last three years, you will get an idea of how much opportunity there was to gain during this time. So in many cases the long hold turns out to be the right decision.
Be smart and always take advantage of any project that brings you profit, do not stare at your wallet and say "I'm going to be rich in 3 years later," this is a 1 percent out of 100 percent chance that it will ever happen, remember, being rich isn't the most important part of our lives but living is, and remember, being rich isn't the most important part of our lives but living is.
I believe this can only apply to shitcoins. We need to take advantage of them before they can take advantage to us. In short, we need to cash out early after seeing some greens because if we wait longer and become greedy, they can catch up and close the trading door before you sell and get out. For legit projects, it is okay to relax or stay lowkey with them because legit projects works best for long term as they have more plans and along with that, there are people that constantly get attracted to what they are offering. On this space, we have lots of legit projects so your calculations above are wrong. The chance to become successful with them is higher than 1 percent.
Be smart and always take advantage of any project that brings you profit, do not stare at your wallet and say "I'm going to be rich in 3 years later," this is a 1 percent out of 100 percent chance that it will ever happen, remember, being rich isn't the most important part of our lives but living is, and remember, being rich isn't the most important part of our lives but living is.
Those who want to get rich quick get out of the market very quickly without any achievement. Investing in a project and holding it for three years is definitely risky if you can't do proper research. On the other hand, if you can invest in a promising project then there is definitely a chance to get rich. If you compare the current market with the last three years, you will get an idea of how much opportunity there was to gain during this time. So in many cases the long hold turns out to be the right decision.
Having this type of notion that any project you invested in will make you rich in years to come, will keep you frustrated and devasted when it doesn't happen the way you planned. Endeavour to DYOR in altcoin you invest in.
A project that brings profits today can end up being a scam tomorrow. Don't forget to always invest with your spare money.
So after you have done your own research DYOR and discovered the project to be good to invest in and you did, would that not mean you are hoping to rip from your investment in years to come? The truth is that. this is hard to separate since every investor's wish is to make profits from their investment and if it doesn't go that way, investors will definitely feel that way, Frustrated. A project that brings profits today can end up being a scam tomorrow. Don't forget to always invest with your spare money.
Memento mori, or carpe diem. Romans had it figured out, they basically realized long time ago that there were rich and powerful, but if you are not one of them then either you can work for it or you could just focus on what you want to do. I could just do my work for the rest of my life, I could find a very very simple job for a very low amount, and I could spend rest of the time I have in this world to focus on what I love the most and that would make me happy.
Almost the entire population of the world is depraved from that because 90% of the time what people want is something they could get with money, plus if you have a family then you can't do it, you have to take care of your spouse and your children. So, it is really not that easy. It is the ideal situation and I would love to do it, but if money is not there, then I can't do all that I want.
Almost the entire population of the world is depraved from that because 90% of the time what people want is something they could get with money, plus if you have a family then you can't do it, you have to take care of your spouse and your children. So, it is really not that easy. It is the ideal situation and I would love to do it, but if money is not there, then I can't do all that I want.
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