Topic: Bitcoin millionaire lists reasons most will never be rich - page 2. (Read 1027 times)
I believe that even with the help of Bitcoin, a person cannot become too rich (a millionaire), because in order to get big profit from Bitcoin, you first need to invest a lot of capital. Of course, you can show the opinion that someday Bitcoin will reach $ 1 million, and a person could invest in Bitcoin either in 2010 or in 2016 or today in 2021, But in order to become a millionaire as a result, he needs to wait for more than one year and perhaps more than 10 years.
I am more inspired by a different and sensible way of thinking.
The mindset of the rich believes that destiny and fate can be changed with hard work and intelligence.
Meanwhile, poor people tend to wait for luck to come and surrender to fate, and if they fail in one line of business, they are less brave to try other opportunities that are considered foreign.
As a simple example, if 100 million was given to the poor and 100 million was given to the rich, do you know the difference?
If we look at the results for about 1 to 1.5 years, then I am sure the rich will use this 100 million money to multiply it again by means and intelligence, and poor people Rp. 100 million may have no more money, maybe even debt because they will use it to buy whatever they want without thinking about the future.
The mindset of the rich believes that destiny and fate can be changed with hard work and intelligence.
Meanwhile, poor people tend to wait for luck to come and surrender to fate, and if they fail in one line of business, they are less brave to try other opportunities that are considered foreign.
As a simple example, if 100 million was given to the poor and 100 million was given to the rich, do you know the difference?
If we look at the results for about 1 to 1.5 years, then I am sure the rich will use this 100 million money to multiply it again by means and intelligence, and poor people Rp. 100 million may have no more money, maybe even debt because they will use it to buy whatever they want without thinking about the future.
Like most of the time becoming a millionaire is a combination of factors, as you say even if you are smart enough to tell that you have a great opportunity in front of you, you have no way to take advantage of it without money, however this is important even if you are unable to take advantage in the best way possible when it comes to bitcoin the fact you have identified the opportunity means that you could do so again which means you need to try to save as much money as possible so you can now take advantage of that new opportunity when the time comes.
Even if you do not have money right now, bitcoin is something that has been around for years, and it has been talked on mainstream media for years as well, I am not saying you should have joined in 2010, but even 2017 was talked about a lot, and I mean like seriously a lot. Of course depending on where you live finding 10k dollars to invest could be very difficult, I never had that kind of money before bitcoin as well, but you could always work hard and get some money, and you could always work and study hard to learn trading and if you got in here in the past 4-5 years, you could have earned and profited your way into having some money.After that all you had to do is put it all on bitcoin last march and this march you would have x10+ more profit as well. This is why I think "not having money" is a bad excuse, you need to actually be all-in support of bitcoin or if you are afraid then you won't make money.
The reason that people will not become rich is because there are people out there that do not want others to go up so they will do anything in their power to keep others from reaching their full potential and become rich by not providing opportunity or discriminating on who will get the work.
I don't think so, we don't live with bad thoughts because it will affect the vibes of your life. The more positive you think you will get positive results too. There is a lot of knowledge that can be learned in this world to get rich now if you are ready to get rich. The true rich concept comes from the mindset. Want to buy a house cash or buy on credit is only a choice of our mindset and how dare you take risks in life. In life, it is like an investment theory that the higher the return received, the higher the risk we will bear. The concept of conglomerates can never be challenged if we start out with this negative way of thinking.
If you have expertise in investing then buying a house on credit is much more profitable than buying with cash. Because the total savings if you buy a house in cash will be disposable, but if you are a financial engineer, your total savings are more useful if invested, you can return each month to pay your home loan so you get two benefits at once. Your savings remain intact and you can own a house within a certain period of time.
That depends, if you are planning on staying permanently in that place and you have the lump sum to pay for the house, I think that it is a good idea to buy it in cash, I think that loaning the house will only be profitable if you are a billionaire and you are living in a mansion, I forgot how they make money out of not buying the mansion but it involves them not paying for the full amount of the mansion. The reason that people will not become rich is because there are people out there that do not want others to go up so they will do anything in their power to keep others from reaching their full potential and become rich by not providing opportunity or discriminating on who will get the work.
If you have expertise in investing then buying a house on credit is much more profitable than buying with cash. Because the total savings if you buy a house in cash will be disposable, but if you are a financial engineer, your total savings are more useful if invested, you can return each month to pay your home loan so you get two benefits at once. Your savings remain intact and you can own a house within a certain period of time.
#2 Outdated or inaccurate ideas of how to make money He recommends renting rather than buying a house and questioning traditional ideas on how to make money.
I have to disagree about this.
Owning a house is much better than renting it if you're a person who stays in just one place for good and only travel for leisure activities such as vacation or unwinding. Owning a house is a practical way to save money, because you can't be sure how long you'll have money or job so you can pay the rent, while having a house means you can sleep well at night not thinking about getting kicked out because you can't pay the rent anymore.
Owning a house is a good investment in the long run in my opinion rather than renting.
March 2020 an investor, athlete and youtuber known as Andrew Tate bought $300k worth of bitcoin priced at $5900. And another $300k worth of bitcoin priced at $6100.
He claims his BTC holdings today are worth around $7 million.
Definitely one of the more colorful and outspoken personalities in crypto willing to voice some of the more audacious opinions, its possible he deserves more attention than he receives.
I see it this way. Everyone who is lucky to earn big money begins to think of himself as a great professional, although he was just lucky. Yes, he now has a lot of money and he can distribute advice and perhaps some of them really deserve attention, but not everything is so simple. He still has to go through the path of retaining this wealth, and then increasing, if, of course, he does not lose his funds. Making money is only halfway there and everyone cannot be rich.
https://twitter.com/OfWudan/status/1238091998978093056
March 2020 an investor, athlete and youtuber known as Andrew Tate bought $300k worth of bitcoin priced at $5900. And another $300k worth of bitcoin priced at $6100.
He claims his BTC holdings today are worth around $7 million.
Definitely one of the more colorful and outspoken personalities in crypto willing to voice some of the more audacious opinions, its possible he deserves more attention than he receives.
His list of reasons most may never be rich:
https://www.youtube.com/watch?v=KxiYgtxPoG0
#1 Difficulty identifying opportunity There are many opportunities in crisis.
#2 Outdated or inaccurate ideas of how to make money He recommends renting rather than buying a house and questioning traditional ideas on how to make money.
#3 No plan This item does not need much clarification.
Anyways definitely one of the more interesting characters out there.
And maybe someone people might learn a few things from? This guy does the stereotypical thing many internet personalities do driving expensive sportscars with a harem of attractive women who live with him in his mansion. That would seem to be the dream of many in 2021. His message of self reliance, action and self empowerment isn't that common today. So I hope there might be something of value here.
That is the one right there I don't understand. If I am rich through my crypto, Bitcoin BTC investment, one of the first thing I do is to by me some Good House March 2020 an investor, athlete and youtuber known as Andrew Tate bought $300k worth of bitcoin priced at $5900. And another $300k worth of bitcoin priced at $6100.
He claims his BTC holdings today are worth around $7 million.
Definitely one of the more colorful and outspoken personalities in crypto willing to voice some of the more audacious opinions, its possible he deserves more attention than he receives.
His list of reasons most may never be rich:
https://www.youtube.com/watch?v=KxiYgtxPoG0
#1 Difficulty identifying opportunity There are many opportunities in crisis.
#2 Outdated or inaccurate ideas of how to make money He recommends renting rather than buying a house and questioning traditional ideas on how to make money.
#3 No plan This item does not need much clarification.
Anyways definitely one of the more interesting characters out there.
And maybe someone people might learn a few things from? This guy does the stereotypical thing many internet personalities do driving expensive sportscars with a harem of attractive women who live with him in his mansion. That would seem to be the dream of many in 2021. His message of self reliance, action and self empowerment isn't that common today. So I hope there might be something of value here.
because I don't see myself paying for rent for the rest of my life so I don't understand that particular point.
yes , i definitely cant afford to lose money also. if richest people invest in bitcoin $300k-$1M they dont worry that much because they have sources of income aside from investing in bitcoin. just like us we cant afford that our investment would be lost. just be smart in buying bitcoin and other alternative coin.
We are all here because in the first place we identified an opportunity. Yet not most of us here are rich or at least wealthy enough. Why? Because unlike him, we're not rich, we can't afford to lose even a small sum of money in a certain investment. Most are struggling in their daily lives yet you expect to put their money in an investment wherein they can use it to support their daily expenses.
And I guess it's true, those outdated way of making money is true, but what if you don't have a choice? because they're not as wealthy as you.
But I agree to the third one, if you don't have a plan, you can't go anywhere. But I believe every one has a plan here, some just simply doesn't work.
I came here in bct as a student, having no sum of money at all, luckily someone guided me during my first journey here, and now I am doing it on my own. I had identified an opportunity, invest and learn, because I don't have anything to worry about. And not all people are as lucky as me or him. Btw, I'm not rich, just simply having enough.
Lack of resources, lack of choice, lack of a wise plan and lack of people who will guide them for me are the main reasons why most are not going to get rich. That's my opinion.
Like most of the time becoming a millionaire is a combination of factors, as you say even if you are smart enough to tell that you have a great opportunity in front of you, you have no way to take advantage of it without money, however this is important even if you are unable to take advantage in the best way possible when it comes to bitcoin the fact you have identified the opportunity means that you could do so again which means you need to try to save as much money as possible so you can now take advantage of that new opportunity when the time comes. And I guess it's true, those outdated way of making money is true, but what if you don't have a choice? because they're not as wealthy as you.
But I agree to the third one, if you don't have a plan, you can't go anywhere. But I believe every one has a plan here, some just simply doesn't work.
I came here in bct as a student, having no sum of money at all, luckily someone guided me during my first journey here, and now I am doing it on my own. I had identified an opportunity, invest and learn, because I don't have anything to worry about. And not all people are as lucky as me or him. Btw, I'm not rich, just simply having enough.
Lack of resources, lack of choice, lack of a wise plan and lack of people who will guide them for me are the main reasons why most are not going to get rich. That's my opinion.
but he said, "Remember this tweet when it’s at 8,000."
possibly he already set a price target for that. I believe he already sold some.
he looks arrogant, but I like the way he talked. It energized me
- identify the opportunity, crisis and opportunity is the same thing.
- nobody cares about the old dude in the Lambo, but they care about the young dude in the Lambo.
nice intro on that video tho.
I've bookmarked his video too.
Nice intro on video... Ha ha ha possibly he already set a price target for that. I believe he already sold some.
he looks arrogant, but I like the way he talked. It energized me
- identify the opportunity, crisis and opportunity is the same thing.
- nobody cares about the old dude in the Lambo, but they care about the young dude in the Lambo.
nice intro on that video tho.
I've bookmarked his video too.
The video was full of energizing statements. However it is the search of chances, and the same has been successful for him. Another thing it has happened for him in a short time period. This doesn't happen with every user, so we need to make our own efforts and plans taking these personalities as reference.
#1 Difficulty identifying opportunity There are many opportunities in crisis.
#2 Outdated or inaccurate ideas of how to make money He recommends renting rather than buying a house and questioning traditional ideas on how to make money.
#3 No plan This item does not need much clarification.
#1 - The opportunity does not present itself all on its own, but it is in most cases presented to you. It comes by being with the in-crowd so to speak. And no, I am not talking about insider information but just being present in a certain environment where the opportunity is presented. Also, non-rich people tend to be more hesitant about investing their hard-earned money that they do not have to spare, and sometimes that is misrepresented as not identifying opportunity.
#2 and 3 - definitely a lack of knowledge about investing. People want to know a little as possible and get out of it the most possible. It's weird.
Some say the more active you are, the more chances you will have! If you just sit and wait for chances to fall in your lap, maybe it will not happen!
I think there's no recipe for success, except that you need to know what you are doing in general, to have some skills, patience, will to learn, and to adjust... but in the end, it all comes down to some moments when you either make a good decision or not! You either take the opportunity or you miss it... and do you take it or miss it depends on how brave you are, are you willing to risk or not!? And it's what comes down to all of us when the moment comes will you risk and try, or will you pass it?!
Everything depends on us and our choices in crucial moments! Don't let anyone tell you otherwise!
#1 Difficulty identifying opportunity There are many opportunities in crisis.
#2 Outdated or inaccurate ideas of how to make money He recommends renting rather than buying a house and questioning traditional ideas on how to make money.
#3 No plan This item does not need much clarification.
#1 - The opportunity does not present itself all on its own, but it is in most cases presented to you. It comes by being with the in-crowd so to speak. And no, I am not talking about insider information but just being present in a certain environment where the opportunity is presented. Also, non-rich people tend to be more hesitant about investing their hard-earned money that they do not have to spare, and sometimes that is misrepresented as not identifying opportunity.
#2 and 3 - definitely a lack of knowledge about investing. People want to know a little as possible and get out of it the most possible. It's weird.
We are all here because in the first place we identified an opportunity. Yet not most of us here are rich or at least wealthy enough. Why? Because unlike him, we're not rich, we can't afford to lose even a small sum of money in a certain investment. Most are struggling in their daily lives yet you expect to put their money in an investment wherein they can use it to support their daily expenses.
And I guess it's true, those outdated way of making money is true, but what if you don't have a choice? because they're not as wealthy as you.
But I agree to the third one, if you don't have a plan, you can't go anywhere. But I believe every one has a plan here, some just simply doesn't work.
Well, the "I do not have enough money" part can be fixed with one thing, I have always done that and will keep doing that until I retire : Put 10% of your salary into crypto right away.And I guess it's true, those outdated way of making money is true, but what if you don't have a choice? because they're not as wealthy as you.
But I agree to the third one, if you don't have a plan, you can't go anywhere. But I believe every one has a plan here, some just simply doesn't work.
I know that some people barely can survive, hell even make debt to survive but believe me 10% of your salary is in your pockets or in savings account will not change your life drastically, I can promise you that whatever problems you have, whatever financial situation you are in, just because 10% of your salary gone will not suddenly become huge, we already do not earn that much anyway, if we did then we wouldn't have money problems, which means we can put 10% into crypto.
That way eventually after certain years you start to have a decent amount, I didn't put even 1k into crypto yet and still have few thousand, why? Because, bitcoin increases like crazy and it will happen again in the future as well.
Look, even this guy on the video boasting his luxurious life is a propaganda which incentives weak minded people to acquire those same things, with the difference he has money to afford that, while the vast majority of his public doesn't. And instead of saving money monthly, people prefer to stay in debt, eternally searching for tiny aspects of someone else richest's life for themselves.
We are all here because in the first place we identified an opportunity. Yet not most of us here are rich or at least wealthy enough. Why? Because unlike him, we're not rich, we can't afford to lose even a small sum of money in a certain investment. Most are struggling in their daily lives yet you expect to put their money in an investment wherein they can use it to support their daily expenses.
And I guess it's true, those outdated way of making money is true, but what if you don't have a choice? because they're not as wealthy as you.
But I agree to the third one, if you don't have a plan, you can't go anywhere. But I believe every one has a plan here, some just simply doesn't work.
Well, the "I do not have enough money" part can be fixed with one thing, I have always done that and will keep doing that until I retire : Put 10% of your salary into crypto right away.And I guess it's true, those outdated way of making money is true, but what if you don't have a choice? because they're not as wealthy as you.
But I agree to the third one, if you don't have a plan, you can't go anywhere. But I believe every one has a plan here, some just simply doesn't work.
I know that some people barely can survive, hell even make debt to survive but believe me 10% of your salary is in your pockets or in savings account will not change your life drastically, I can promise you that whatever problems you have, whatever financial situation you are in, just because 10% of your salary gone will not suddenly become huge, we already do not earn that much anyway, if we did then we wouldn't have money problems, which means we can put 10% into crypto.
That way eventually after certain years you start to have a decent amount, I didn't put even 1k into crypto yet and still have few thousand, why? Because, bitcoin increases like crazy and it will happen again in the future as well.
His twitter is rather interesting however, am no fan of it, but got to say mans got steel balls to invest like this.
Indeed, and it seems to me that those who've had such clanging brass balls when it comes to investing in crypto have made a fortune, including companies like Tesla and MicroStrategy more recently.Makes me wonder if it would still be wise to go all-in at today's prices. The reason why this guy made as much as he did was because he bought when things were looking kind of bleak, not when the bull market was raging (as it is right now). And man, I wish I knew the answer to that! All I know is that investors have gotten seriously burned when they buy something when prices are high--and obviously bitcoin is making new ATHs constantly at the moment.
But eh....my goal was never to become rich through bitcoin. If that were true I would have bought heavily in 2015-16 when I first got into it or even in 2018 as prices were sliding downward. Maybe that was a mistake on my part, but I'm cool with that. Money isn't everything.
but he said, "Remember this tweet when it’s at 8,000."
possibly he already set a price target for that. I believe he already sold some.
he looks arrogant, but I like the way he talked. It energized me
- identify the opportunity, crisis and opportunity is the same thing.
- nobody cares about the old dude in the Lambo, but they care about the young dude in the Lambo.
nice intro on that video tho.
I've bookmarked his video too.
possibly he already set a price target for that. I believe he already sold some.
he looks arrogant, but I like the way he talked. It energized me
- identify the opportunity, crisis and opportunity is the same thing.
- nobody cares about the old dude in the Lambo, but they care about the young dude in the Lambo.
nice intro on that video tho.
I've bookmarked his video too.
People that are new to the game would certainly learn a thing or two from this man. Identifying opportunities is definitely one of the hardest thing a newcomer to crypto would encounter. Without prior knowledge on stocks and other assets, it would be pretty hard to discern whether or not the price is good. Once the newbies got burned once, they'd surely never try again, instead of using these as a learning experience through which they can benefit from in the future.
Or I can say that he's just at the right place at the right time, but I digress. It seems that Tate knows how the market goes, so pulling off that purchase is a no-brainer for him.
Identifying opportunities is always hard but the main problem of people is that they have no money to take advantage of those opportunities in the first place, at least where I live almost no one has savings, it is simply not part of the culture, people spend all of the money that they get and this means that when an opportunity shows itself they have no way to take advantage of it, this is why I have always thought that those that do not have the habit of saving have no chance of ever becoming successful no matter how much knowledge they have.Or I can say that he's just at the right place at the right time, but I digress. It seems that Tate knows how the market goes, so pulling off that purchase is a no-brainer for him.
For me, we can achieve opportunities for profit by working smart and always learning. The more diligently you read books, study the environment and pay attention to every issue that develops, then I am sure that you and I will get the opportunity to benefit as well as learning from that experience is the best teacher. But people who find it difficult to get opportunities and see opportunities are people who are half in learning something because in learning new things and seeing if it has good potential in the future is to fully understand.
We are all here because in the first place we identified an opportunity. Yet not most of us here are rich or at least wealthy enough. Why? Because unlike him, we're not rich, we can't afford to lose even a small sum of money in a certain investment. Most are struggling in their daily lives yet you expect to put their money in an investment wherein they can use it to support their daily expenses.
And I guess it's true, those outdated way of making money is true, but what if you don't have a choice? because they're not as wealthy as you.
But I agree to the third one, if you don't have a plan, you can't go anywhere. But I believe every one has a plan here, some just simply doesn't work.
I came here in bct as a student, having no sum of money at all, luckily someone guided me during my first journey here, and now I am doing it on my own. I had identified an opportunity, invest and learn, because I don't have anything to worry about. And not all people are as lucky as me or him. Btw, I'm not rich, just simply having enough.
Lack of resources, lack of choice, lack of a wise plan and lack of people who will guide them for me are the main reasons why most are not going to get rich. That's my opinion.
And I guess it's true, those outdated way of making money is true, but what if you don't have a choice? because they're not as wealthy as you.
But I agree to the third one, if you don't have a plan, you can't go anywhere. But I believe every one has a plan here, some just simply doesn't work.
I came here in bct as a student, having no sum of money at all, luckily someone guided me during my first journey here, and now I am doing it on my own. I had identified an opportunity, invest and learn, because I don't have anything to worry about. And not all people are as lucky as me or him. Btw, I'm not rich, just simply having enough.
Lack of resources, lack of choice, lack of a wise plan and lack of people who will guide them for me are the main reasons why most are not going to get rich. That's my opinion.
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