Bitcoin millionaire lists reasons most will never be rich - page 5.

paxmao

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Quote from: Hydrogen on March 05, 2021, 07:15:03 PM

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#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#2 Outdated or inaccurate ideas of how to make money He recommends renting rather than buying a house and questioning traditional ideas on how to make money.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.

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Full agreement on the diagnose of this three main points, and I think that these can be summed up as simple unreadiness. if you are ready, you will have a plan, if your are thinking and working the opportunity will meet you prepared and if things go south, you will be able to resist on your strength. There are also a number of good advices that could be built on top, but these remind me of a few well know advices from exceedingly successful people of different trades:

1) Inspiration exists, but it has to find you working. — Pablo Picasso

2) If you don't find a way to make money while you sleep, you will work until you die. - Warren Buffet

3) “Luck is what happens when preparation meets opportunity.” - Seneca (yep, the Roman guy)

4) "The art of war teaches us to rely not on the likelihood of the enemy's not coming, but on our own readiness to receive him" - Sun Tzu, The Art of War

5) “Without an opportunity, their abilities would have been wasted, and without their abilities, the opportunity would have arisen in vain.” - Niccolo Machiavelli

Kong Hey Pakboy

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Quote from: Hydrogen on March 05, 2021, 07:15:03 PM

#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#2 Outdated or inaccurate ideas of how to make money He recommends renting rather than buying a house and questioning traditional ideas on how to make money.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.

These things are true: people who are not smart in holding their own money often leads to a not really successful financial status. They usually experience problems in managing their own money and now they don't have any security in the future. It is really important to have plans; save, invest, and do all ways that you can to be free of financial crisis. Once we have done that, we may encounter problems in our money, but it will not be problems of scarcity.

Twentyonepaylots

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I would agree that all of his points, taken into their respective context, makes complete sense. However, has he considered thinking about those who are below the poverty line, those that are poorest of the poor? I believe that even if these people put these big a burden on themselves, they aren't supposed to be left out in these kinds of discussion. Maybe next time consider those people.

nightxglow

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Well i can see that one of the supporting factor that made him like this is the first reason. After experiencing it for a few times, i really understand how crucial it is, to be able to take opportunity in the crisis. Luck may play a big part as well. But, it's understandable, since bracing yourself to take opportunity in the crisis means that you have to be brave and take that big risk. Of course, if it works, you might be able to earn a fortune as well. and i guess, he did a great job at identifying opportunities and making the maximum of them. But for other reasons, it depends though, not really agree with them.

menoiazei

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Quote from: Hydrogen on March 05, 2021, 07:15:03 PM

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.

How true is all of that!!
Interesting character, respect!!

BIT-BENDER

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Quote from: Hydrogen on March 05, 2021, 07:15:03 PM

#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 think he is correct on this, their is a traditional way in my country, many who made/stumbled on Money thinks is best to invest/save or make extra money, that is buying land, buying land is good, but this is now overused and the outcome it gave people then is not as now, and currently they wait longer to make little value of the land, but the mentality remains, and any other ideas are, -fake, un-trusted, not valuable-.

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Quote from: Hydrogen on March 05, 2021, 07:15:03 PM

#3 No plan This item does not need much clarification.

Many look (and follow) athletes, singers, football players and other similar VIPs, which earn huge amounts of money, which invest in many directions and still get poor after not too many years.
And many forget that these people usually have no strong school background hence they can easily get fooled by bad advisors, hence many won't follow the best investment (or cash in) advises.
Also these people are oriented toward entertainment industry and will spend shitload of money for having fun... as long as the money lasts.

Of course there will be a long list of Bitcoin millionaires (or virtual millionaires) that will almost certainly not have an easy and worry free retirement.

hopenotlate

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Just had a quick look at his site he advertises in his twitter bio : all I can seethere is a presumptuous person who tries to impress those who surf his site with a number of well known tricks and lures.
Maybe that guy won his bet but it doesn't make him someone who goes up on the pedestal and teaches others about life.

Just some copypaste from his site by way of example taken from the on site to show the content of the same :
"I know EVERYTHING about going from broke to multi-millionaire. I've done it, I know the steps, and I will teach you."
"Most men struggle to get one woman. I built my webcam company off my ability to attract women and have them fall in love with me"
"you need to know WHAT to work on, WHAT to dedicate yourself to. I broke the Matrix and I will teach you how."

The list could be much longer but I have the feeling I already mention enough bullshits for a single post.

In my opinion if someone falls for this kind of comunication and take the hook getting rich is not the first problem they should solve.

aysg76

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Everyone wants to be rich but the dream is achieved by those who take the advantage of opportunity available with them combined with their knowledge,skills,hard work and smart work.Its not just you invest in Bitcoin and became rich.If you want to grow your wealth by investing then you need to have funds and risk taking capabilities at base level.If anyone who have $300k for investing he is already rich man not so?Bitcoin is just one way where you can invest your money and Hold it until the prices reach highest levels and use it as currency at same time not just as investment. Don't take advice from these people because they will again promote shitcoins and push people to false trap of losses.Be your own king and not let your life run by others.

arallmuus

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Quote from: Hydrogen on March 05, 2021, 07:15:03 PM

#1 Difficulty identifying opportunity There are many opportunities in crisis.

I've seen this alot of times. Back then in 2014 when I got to know about crypto and stuff, I encouraged most of my friend to get into crypto as well but no one wants to hear anything about some magical money from the internet lol. On 2017 bull season, those same guy asked me about bitcoin but most of them are still in complete denial about bitcoin because the price back then has reached over $15k. Now in 2021, they are probably sitting and wondering why they didnt buy any back then Tongue

I cant really blame them on that though because some opportunities seems kinda too good to be true so most people would definitely avoid that and opportunities are not meant for everyone so yeah

Lucius

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Quote from: odolvlobo on March 06, 2021, 01:56:43 AM

It's probably a scam. You have to ask yourself, if he is really so wealthy, then why does he waste his time selling lessons?

That's what I was wondering, and I don't see any transactions anywhere that could confirm that what he posted on Twitter is true. What is even more indicative is the next tweet in which he seems to have a coin that will be huge in 2021 - a classic method of promoting shitcoins that McAfee also used, with the difference that he used his crazy speculations to get as much exposure as possible.

Although in this particular tweet he claims that his training is free, on his page he is really selling something - although I have to admit that I failed to find out exactly what.

Quintrix

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There are people who are destined or worked there a way to become millionaire, it's on the character and motivation of an individual, there are people who can struggle to make it as a millionaire, there are people who became millionaire, because of luck and inheritance, but they cannot hold on to that riches, because they do not have the character to stay on being a millionaire, so they lose it because of extravagant living and a weak character.

20kevin20

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Most people are getting debts hoping at the same time to get rich. This doesn't really happen, and the chances of you screwing up over the next 30 years (or however long the debt will take) are quite high. The only way you can bring yourself to the top is by saving up money and investing it, but not into a single basket. Place your eggs in multiple baskets instead.

I'd add greed, fear and lack of knowledge to the list, especially if we talk about BTC. When greed/fear join, the chances of you messing up are once again high.

Johnyz

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Quote from: odolvlobo on March 06, 2021, 01:56:43 AM

It's probably a scam. You have to ask yourself, if he is really so wealthy, then why does he waste his time selling lessons?

Is he selling his lessons? The he’s probably working smart here by just sharing inspirational thoughts and of course, that’s another source of income. Rich people know their purpose in life and he’s doing this on purpose, being rich doesn’t mean you’re a billionaire or what, being rich is being able to buy everything you want in life. Anyway, we all have to learn the good lessons and keep on working until we become rich and contented, its a working process though.

Cling18

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Quote from: bitmover on March 05, 2021, 09:00:15 PM

Quote from: Hydrogen on March 05, 2021, 07:15:03 PM

#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.

I would add a few other reasons to that list:

4 - spend less than you earn , so you can save money every month (and have capital, like this 300k, to buy in a good opportunity)
5 - do not increase your monthly expenseswhen you geta raise. Save more, use your money wisely.
6 - do not spend a lot of money in a car, unless if you are rich.

Wise spending and allocating enough funds for our savings and investing are other ways for us to earn though it wouldn't get us instantly rich but having the mindset of reaching our future goals would be a big help. We should just buy the things that we need more than spending on the things that we just want. Everything will rely on how we handle our funds.

samcrypto

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Many lives based on the standard of the society and many believes on the line of “YOLO or You Only Live Once”, this is why they are not planning ahead of time and they tend to spend more than to save and invest for their future. I’m guilty with this line before, but after learning so many things through my experiences, I can say that this line is not good especially if you have big dreams. I do admire rich people, and how they think I just hope that everyone of us will find a good mentor, we need it for sure. We should create strategies, generate more source of income and yes diversify and reinvest all your profits until you made a good system, this is not easy and it takes a lot of swear that’s why very few people are rich today.

aioc

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Quote from: Hydrogen on March 05, 2021, 07:15:03 PM

#1 Difficulty identifying opportunity There are many opportunities in crisis.

They lack the opportunity and difficulty in looking for an opportunity when it comes because they are not educated to see and explore opportunity when they see one, education is the key that will unlock an individual's skill to see opportunity as they come, so people and government should focus on education because this is the only way to escape poverty.

Mauser

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Quote from: Hydrogen on March 05, 2021, 07:15:03 PM

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.

I like his approach to split out his investment into bitcoins. He didn't buy all of his coins at once but rather in installments over time. This is a good idea and we probably should be doing it.

Another thing is that he invested quite a large sum of money. So if we are convinced of a good idea, we should also be investing larger sums.

TheUltraElite

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So anyway, I applied as a merit source :)

If he did buy those bitcoins at those prices then he is pretty rich at this time, provided he still holds that money.

Yeah I agree that internet personalities that have this type of a outlook most of the times are con-men. Driving sportscar and having a bunch of chicks in hands are the typical showoff of the rich, but truely speaking the rich people dont waste their money showing it off like that.

Take it with a grain of salt and continue what you do best, why listen to someone on a place like youtube? YT is plagued these days by "influencers" trying to sell you stuff that you dont need.

odolvlobo

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It's probably a scam. You have to ask yourself, if he is really so wealthy, then why does he waste his time selling lessons?

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