Don't claim to be an investor if it's still like this - page 4.

jeraldskie11

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Quote from: bbigtart on April 26, 2023, 01:45:32 PM

If we have lost, we have to pivot, analyze again, find out why, where did it go wrong, what is the future. Not if the loss is already screaming scam, blaming people who give "advice", following influence etc.

That's what happened when we went back to 2021. Crypto people are very enthusiastic, and many individuals invest in crypto even if they have no experience in order to get rich like others who have become billionaires as a result of this. But the contrary of what they predicted happened: they lost their invested money, while others lost more than half of their investment. So that's what happened to our crypto; there are so many people on social media who believe crypto and Bitcoin are scams. But they made a big mistake: they didn't conduct any research and invested in cryptocurrency without knowing it was a hoax.

My only piece of advice is to stop blaming crypto for your decisions and instead learn to recognize that it is your fault. True, there are fraudulent coins or tokens, but there are also legitimate ones, so do a research before buying.

Natalim

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Quote from: Plaguedeath on April 27, 2023, 11:57:16 PM

Investor is looking for huge return in the future, if someone invest today and hope tomorrow he will earn huge return, he's either a shitcoin trader or gambler. There's a chance shitcoin will make someone rich over night, but there's a chance you will lose all of your money you have invested, same applies with gambling.

But what is the purpose to claim himself as an investor? I don't need any recognition from anyone and better to being silent.

He's thinking about the miracle to come, ain't an attitude as an investor.
We don't need to proclaim ourselves as an investor nor tell everyone but at least we did it silently. Investing is not difficult to manage but some people make it hard because they never know what really is all about. Like brainwashing for many promoters and asking people to invest their money into crypto and then make money by tomorrow. In this case, if you are an investor, you can really think about how these people are fooling others.

Plaguedeath

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Investor is looking for huge return in the future, if someone invest today and hope tomorrow he will earn huge return, he's either a shitcoin trader or gambler. There's a chance shitcoin will make someone rich over night, but there's a chance you will lose all of your money you have invested, same applies with gambling.

But what is the purpose to claim himself as an investor? I don't need any recognition from anyone and better to being silent.

Aikidoka

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Losses are a natural part of trading and anyone in this field is bound to experience them sooner or later. No one is perfect and trading is a difficult field that requires wise decisions, timing, and especially patience. Without these things, you are more likely to suffer significant losses and could affect you morally and financially, so it's better to learn from them in an easy way rather than the hard way.

I agree with the OP that losses are a part of investing in Bitcoin and it's important to learn from them by asking yourself what went wrong? and devising new strategies to prevent similar losses in the future. Remember, it's not the end of the world and with the right approach, you can bounce back from losses!

milewilda

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Quote from: jrrsparkles on April 27, 2023, 01:21:21 PM

The word Sultan used but he might preferred the word rich.

Anyway back to the topic those people who claim to be an investor while following this type of investment then we can be sure that they are not even close to investor they are just trying to be after watched a video on YouTube or something.

Creating wealth will take time, if you're too lucky you can make millions with 10 dollar lottery ticket but it won't happen in everyone's life, whereas the investment mainly depends on how consistent we are and how do we compound the profits made from the previous year because the power of compounding is far beyond than we think.

Basing up with my own understanding then he does particularly mean about becoming rich because if we do make out some research about on what it is

A sultan is a secular ruler, usually in an Islamic country. The name came into use as the nation of Islam far extended its territories and relied on secure governance in far away provinces and countries. The sultan, as ruler, was initially inferior to the ruling caliph, but generally governed with almost absolute authority in a particular area.Source

So i do presume that OP is a muslim and we know that having this high position does simply means that you do really have the power and the money. This is why he do make use of this word on someone
who do really make out some investment and make some huge profits or how many multipliers but same as you said that it wont really be that precise if you do make use of such word but
you do only invest a small amount. Of course you would really be able to hit up big if you do put up big specially on bitcoin but we know that not all would really be having the capacity on doing
so. This is why some people do really take out some option on putting money on meme coins or degens which they do hope that they would really be able to hit up the right spot
and multiply their investment on how many folds.

jrrsparkles

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The word Sultan used but he might preferred the word rich.

Anyway back to the topic those people who claim to be an investor while following this type of investment then we can be sure that they are not even close to investor they are just trying to be after watched a video on YouTube or something.

Creating wealth will take time, if you're too lucky you can make millions with 10 dollar lottery ticket but it won't happen in everyone's life, whereas the investment mainly depends on how consistent we are and how do we compound the profits made from the previous year because the power of compounding is far beyond than we think.

taufik123

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Quote from: martyns on April 27, 2023, 10:09:22 AM

Most persons I know are like that,they call themselves investors but they lack the basic things that investors have.They are not yet on the range that they are supposed to be,but they claim to be investors.One thing I know about the system is that if you rush while making investments,you are likely to do badly or make loses,but as they normally say,patience is a virtue.It is patience that that holds the driving force to a successful trade.It takes years for the money invested to actually yield reasonable results that will satisfy you.But impatience don't let some persons allow their coin to multiply profits.

Just because they have enough money for initial capital as an investment and consider themselves a good investor.
Even though they don't have enough knowledge to be a real investor.
It's not easy to do, it takes knowledge of how the crypto market works and good management and research on the projects they will invest in.

Novice investors usually only rely on instincts and seem to be in a hurry in determining what projects they want to invest in.
Even though it takes time to research so as not to get caught in scam projects or other fraudulent projects.

To become a successful investor takes time, it cannot be done instantly.
It takes patience and a strong mentality to hold the long term and continue to be patient before the target is reached.

Flexystar

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Well we are not here discuss a quick rich scheme so obviously everyone understands it does not work that way. What happened few years back is not gonna happen again. Bitcoin was naive at that time, no one understood it immediately or may be no one knew whereabouts of the bitcoin.

It was risk and reward type of investment back in the time. Definitely those who took the risk gotten big share of the profits and became millionaire.

Unfortunately the market is way way tougher now. Mostly in terms of its price, a full bitcoin is not easy to buy neither it’s gonna be easy to mine.

Those who are with the attitude that they can buy it and get big share of pie, well not gonna happen for sure.

martyns

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Quote from: Fivestar4everMVP on April 27, 2023, 06:47:20 AM

I agree with the op, investing in bitcoin today, and already wanting to become a multi millionaire by the next day is something that is very common amongst newbies, that is, newbies that are entirely new to investments.

I have some friends who some time in the past asked me what I do for a living aside my business, I told them I'm crypto currency trader, and that I make good money from it, they picked interest and I offered to teach them, after showing them the basics and telling them to learn the rest from research, one week later, I discovered they've lost interest.

They probably thought trading is something one would just go into and start making money, same also with investment, it is one thing to find a good investment opportunity, and it is another thing entirely to invest, and be patience for your investment to grow and bear you good fruit.

Most persons I know are like that,they call themselves investors but they lack the basic things that investors have.They are not yet on the range that they are supposed to be,but they claim to be investors.One thing I know about the system is that if you rush while making investments,you are likely to do badly or make loses,but as they normally say,patience is a virtue.It is patience that that holds the driving force to a successful trade.It takes years for the money invested to actually yield reasonable results that will satisfy you.But impatience don't let some persons allow their coin to multiply profits.

Fivestar4everMVP

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I agree with the op, investing in bitcoin today, and already wanting to become a multi millionaire by the next day is something that is very common amongst newbies, that is, newbies that are entirely new to investments.

I have some friends who some time in the past asked me what I do for a living aside my business, I told them I'm crypto currency trader, and that I make good money from it, they picked interest and I offered to teach them, after showing them the basics and telling them to learn the rest from research, one week later, I discovered they've lost interest.

They probably thought trading is something one would just go into and start making money, same also with investment, it is one thing to find a good investment opportunity, and it is another thing entirely to invest, and be patience for your investment to grow and bear you good fruit.

Dzwaafu11

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Quote from: bbigtart on April 26, 2023, 01:45:32 PM

Almost 99% of investors want to deposit today, tomorrow they will become sultans. Actually it can't be like that. It could be possible that tomorrow it will be a loss and the next day it may still be a loss.

Even in the early days of bitcoin, not 99% of people wanted to deposit money and make money overnight; these new generation bitcoin enthusiasts now make up almost 80% of the community. Since we all know that holding onto money for a long time helps and will still help, you can't say that 99% is accurate, even though most new investors had that idea in mind before entering the market and thought they could make money overnight.

Quote from: bbigtart on April 26, 2023, 01:45:32 PM

If we have lost, we have to pivot, analyze again, find out why, where did it go wrong, what is the future. Not if the loss is already screaming scam, blaming people who give "advice", following influence etc.

The majority of forum users avoid these every day, and every time someone asks for advice about bitcoin, we don't provide it; instead, we inform them of its basics and other things they should be aware of. I think you should refrain from telling him about the risks involved in doing these things because if they fail, they will likely blame you, the person who gave them the advice. Giving them information rather than giving them advice is, in my opinion, the greatest way to help people accept bitcoin. You should let them decide if they want to take the risk or not.

tvplus006

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Quote from: bbigtart on April 26, 2023, 01:45:32 PM

...And that means if we invest $10k, it will only be $12.9k next year, not immediately becoming sultan...

There is no guarantee that after investing 10000 dollars, you will receive 12900 in a year. There is nothing guaranteed in investing at all, and even more so in cryptocurrency. And if you do not have enough experience to invest, then such an investment outcome as the loss of a deposit will look more real.

blockman

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It's true that investments don't grow overnight and it requires tough patience on it for see its growth. Many of the newbies in investing think that it will just grow so fast at the rate that they want to be but that's not how it goes.

Quote from: bbigtart on April 26, 2023, 01:45:32 PM

Warren Buffet alone only returns 29% per year. And that means if we invest $10k, it will only be $12.9k next year, not immediately becoming sultan.

If it's 29% annually and the example you've given is $10k then the APY should be $2,900 instead of $12,900. It's true that we won't be in that position of being like a sultan or highness with these investments. But someone who understands the process that this is good money and you just need to be wise and have more of them so that these incomes especially the passive ones will just come to you with ease. But at the start of it, this is the hardest part where you'll need to dedicate a lot of time to learn and to test and at the same time, a lot of money.

Kemarit

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Quote from: bbigtart on April 26, 2023, 01:45:32 PM

[..snip..]

In conclusion, it is very important to remember that losses are part of investing in bitcoin and cryptocurrencies and as investors, we must be prepared for them. Don't get caught up in negative emotions such as anger or disappointment when you experience a loss, but use it as a lesson to improve our investment strategy going forward.

There is also what we call paper loss (or paper profit):

Quote

A paper profit or loss is an unrealized capital gain (or capital loss) in an investment. For a purchased long investment, it is the difference between the current price and the purchase price.

For a sold or short investment, it is the difference between the price when sold short and the current price. Paper profits or losses only become realized, or actual money profits or losses, when the investment position is closed.

https://www.investopedia.com/terms/p/paperprofitorloss.asp

So it's not necessarily a loss on our end if we are not going to sell when the price goes down or what we call panic sell. The important thing here is just invest what you can afford to lose. And then go for long term, at least experience one full cycle and see how it goes for you. I know it's going to be a mental battle, but it's part of the game, you really need to be psychologically prepared because you will be tested many times to sell during the HODLing cycle of yours. And if you learn how to get over it, then most likely you might end up rich someday.

lalabotax

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Quote from: bbigtart on April 26, 2023, 01:45:32 PM

Almost 99% of investors want to deposit today, tomorrow they will become sultans. Actually it can't be like that. It could be possible that tomorrow it will be a loss and the next day it may still be a loss.

Seriously 99%? Haha
I don't tjink about this. I know that there are so many people who are still expexting about being rich sooner overnight by investing in Bitcoin
But nowadays, many people have been aware not really easy to do this. That is why I am not sure that it is almost 99%. From where you got the percentage?

But, whats you said is actually true that investing in Bitcoin doesn't mean that you may be rich sooner or even in one night. Many newbies may expect this because of what they heard previously or they heard from scammers who want to steal their money from fake Bitcoin investment that they offer. That is why commonly newbies become the victims of the scammers and this always happening. Bitcoin needs time to increase much, moreover during this bearish era, there will be very high volatility so that the rate will be up and down very easily. If we panic with the rate or market changing, this will end for us.

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Quote from: Hamza2424 on April 26, 2023, 02:15:38 PM

Quote from: bbigtart on April 26, 2023, 01:45:32 PM

__SNIP__

There is nothing in the post to quote and answer I am quoting this for the notification to the OP, Dear please elaborate on the motive behind this masterpiece. I want to know if you can explain it in a simple flow, you are trying to explain the importance of consistency and patience in the crypto market and financial life which allows you to change your destiny, without both of them you can't be successful that's it.

This is what I understood from the Post nothing more than that, I think my understanding skills need to be improved, and I will defiantly try to work on it (On My Understanding Skills).

__SUTLAN HAMZA___

OP is trying to say that most people invest in BitcoinBTC and cryptocurrencies with a motive to become quickly rich which is wrong and most of the time they just expect too much from their investment and may eventually feel disappointed.

In every other investment, 10-20% ROI is considered very good but when people invest in Bitcoin they expect to attain 100% or even more ROI and also in a very short span of time.

Now the question arises, why do people expect such high returns from bitcoin investments Huh

Perhaps there are lot of success stories being published on social media where they tell that people just changed their fortune via crypto investments, Well, it's true but the ratio for those people is very less who become rich overnight.

Pandu Geddon

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Quote from: bbigtart on April 26, 2023, 01:45:32 PM

Almost 99% of investors want to deposit today, tomorrow they will become sultans. Actually it can't be like that. It could be possible that tomorrow it will be a loss and the next day it may still be a loss.

everyone who is going to put their money into investing in crypto I think has thought well. except for desperate people. no more stupid people who will think of coming to the market to buy cheap and sell expensive with multiple profits in a short time. we have to assume that anyone who invests in crypto will have a long term foundational concept. if they are still thinking about winning the jackpot, then they will have no progress.

Russlenat

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There's a common misunderstanding when it comes to investing. The thing is, investment carries a risk, and that risk could result in losing money. We invest for a chance to be successful in growing our money, but we should always be ready to accept losses. That's why experts always advise to invest only what we can afford.

We have to be smart. Although crypto gives us an opportunity to create wealth, we cannot be unrealistic and ignore the possibility of losing money. We should take it slow, invest now, be optimistic, but always be prepared if things are not in our favor.

The reason why investors panic when the market dumps or is in a bullish mode is due to a lack of knowledge.

tvplus006

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Quote from: bbigtart on April 26, 2023, 01:45:32 PM

...Warren Buffet alone only returns 29% per year. And that means if we invest $10k, it will only be $12.9k next year, not immediately becoming sultan. Warren Buffet became a sultan because of consistent profits for decades. The key is patience, discipline and consistency in making investment decisions. Warren Buffet never loses? Of course, in 2015 Warren Buffet lost $444 million in Tesco shares...

You are giving incorrect figures about the size of Warren Buffett profit. You could use Google to find out that, for example, in 2019, the profit of Berkshire Hathaway, which is owned by Warren Buffett, increased by 1900% compared to 2018. In addition, in 2021, his company managed to increase its net profit more than twice. And given the fact that the cryptocurrency market is even more volatile, the opportunity here to multiply your capital is also real.

stomachgrowls

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Quote from: Ndabagi01 on April 26, 2023, 03:39:53 PM

Quote from: bbigtart on April 26, 2023, 01:45:32 PM

Almost 99% of investors want to deposit today, tomorrow they will become sultans. Actually it can't be like that. It could be possible that tomorrow it will be a loss and the next day it may still be a loss.

No investor will have the mentality of expecting to lose money on an investment they intend to make even if it cannot be avoided. Sometimes the mentality with which investors join the market has an impact on the amount of energy they put into it, which in turn affects the projected return from the investment. All they have to do is be positive and aim to maximize profit while minimizing loss on an investment.

Quote

If we have lost, we have to pivot, analyze again, find out why, where did it go wrong, what is the future. Not if the loss is already screaming scam, blaming people who give "advice", following influence etc.

In conclusion, it is very important to remember that losses are part of investing in bitcoin and cryptocurrencies and as investors, we must be prepared for them. Don't get caught up in negative emotions such as anger or disappointment when you experience a loss, but use it as a lesson to improve our investment strategy going forward.

A good investor is not usually the one who makes the most profit, but rather the one who can quickly restrategize, alter the strategy in his favor, and reduce potential loss while increasing profits. Being patient is one of the characteristics of a good investor. However, being patient without always thinking outside the box for a possible way out of a failing investment can lead to total failure.

Or mainly the ones who could easily make out some adjustment whenever he do sees something wrong with his portfolio and could easily adapt and make out some changes if it needs too. Yes, holding is something be called a skill specially if you are tending to hold for 5-10 years or something because if we do look around on which there are lots of ways or factors that could affect someones mindset and target in mind whenever they do able to encounter not so good looking things or situations which it might be affecting out on what you had molded up plans earlier. It is really that a very common approach on which you are really that optimistic towards your investing capabilities and ending up on minding about getting that positive result but as i said that once you do have that experience on this field then you are aware on possible
every events which you might be able to face head on.

Just dont make yourself that close minded and would be sticking into something which we know that everything could changed and its always ideal on sticking into projects which had been tested out
by time.

Topic: Don't claim to be an investor if it's still like this - page 4. (Read 652 times)