Investing doesn't guarantee you to be rich - page 10.

Yamifoud

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Quote from: Bitstar_coin on May 27, 2023, 07:31:49 AM

If investing doesn't guarantee richness is keeping the money idle does?
I think your topic head is a bit contradictory from the content. Investing in the right business with the right mindset can make you rich, likewise investing in bad business. The point is knowing when and what to invest on.

If OP is right then nobody wants to become an investor...
Fortunately, we never see such an idea was right but definitely wrong. If he is able to see the reality of investing, he'd really find out that these rich people are investors.

Well, I'm glad not he say that being an employee guarantees us to become rich otherwise, I quit being an investor and get back to working under the boss who is an investor.

Ayers

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Quote from: Lorence.xD on May 27, 2023, 02:44:42 AM

Quote from: wastagnn on May 26, 2023, 09:43:22 PM

Investing itself carries risks. While investments have the potential to bring returns, they can also result in losses.
Investing requires time and patience, treated with prudence and rationality. Investors should conduct sufficient research and diversify investment risks to reduce possible losses.

Also starting with small amount is a must in investing so despite being a newbie or lossing some assets you could already gather some knowledge and techniques once you experienced loss. Of course I am not saying to rely on your losses for you to have informations regarding investment. We're on the era of the internet where almost every information you could search online. You could also attend some seminars first. In short there's a lot of process for you to master investing so in that way you could profit and be rich.

I really like the strategy when I'm just starting, so I should use the minimum amount of capital to get used to everything, so I don't rush to invest a large amount of money when I have no experience. This is the mistake most beginners make.

Loss can be said to be an integral part of investing, so we should be ready to accept it in any situation, I have never seen a successful investor without experiencing losses. Failure is the mother of success, which is a fact that new investors should accept from the start. Investing is the way to success faster than others, but the difficulties we face will also be more. Therefore, success or not depends on each person's strategy.

Bitstar_coin

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If investing doesn't guarantee richness is keeping the money idle does?
I think your topic head is a bit contradictory from the content. Investing in the right business with the right mindset can make you rich, likewise investing in bad business. The point is knowing when and what to invest on.

Inwestour

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Quote from: CageMabok on May 27, 2023, 03:09:50 AM

Patience is only needed when the price of the assets we invest decreases, while for other sectors I don't think patience is needed because what is really or more needed is a strategy and how to store it. Because the investment that feels more enjoyable is investing in the long term, not just in the short or short term, which is almost the same as trading in the market. But apart from all that, I also agree with the application of patience in investing because this is an important point in investing in addition to several other points that must also be present.

If investing could guarantee a return, then everyone would become an investor and make a profit, but actually it is not. There are always risks, and the reasons may be different, but if an investor knows how to analyze well and is disciplined, then he will almost certainly be able to achieve a positive result. I'm talking about investing in bitcoin, because in the case of altcoins, the risks are even greater.

Quote from: Lorence.xD on May 27, 2023, 02:44:42 AM

Also starting with small amount is a must in investing so despite being a newbie or lossing some assets you could already gather some knowledge and techniques once you experienced loss. Of course I am not saying to rely on your losses for you to have informations regarding investment. We're on the era of the internet where almost every information you could search online. You could also attend some seminars first. In short there's a lot of process for you to master investing so in that way you could profit and be rich.

There is really a lot of information on the Internet, but it is better to try once than hear a hundred times, so investing requires practice. Starting small or large will depend on your investment strategy, if we can spread your deposit into equal parts, or maybe you don't have this amount, but you can save it monthly, then DCA will be a good strategy in this case. This simplifies investing because you don't have to worry about finding the best entry point, and over the course of investing, you will eventually hit a good purchase price.

MiF

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Yes because not all investors are successful, some investors are not successful and some are quiting on investing without any profit that they get from investing, it depends on the luck and how you do investing in a serious way, if you don't have focus you were surely loss so investing is not the way to become rich to everybody still depends on us.

CageMabok

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Quote from: wastagnn on May 26, 2023, 09:43:22 PM

Investing itself carries risks. While investments have the potential to bring returns, they can also result in losses.
Investing requires time and patience, treated with prudence and rationality. Investors should conduct sufficient research and diversify investment risks to reduce possible losses.

What you say is usually done more often by novice investors because they still need caution and rationality and patience in achieving profits by using some precise strategies to reduce the risk of loss that may come suddenly. But for investors who have been around for a long time or who often invest in the long term, especially in Bitcoin investments, of course they have prepared things like the ones you mentioned from the start because besides they are very used to investing, they are also very experienced so they already know a way to make a decision after some more mature deliberation.

Quote from: woez on May 26, 2023, 10:19:35 PM

I support your statement this requires patience. usually happens and it works when the BTC drop occurs. to reduce the possibility of risk occurring it is true as you say but look at the reality in the market, if BTC just goes down a little. the others are really affected there are also 5x faster and for the rebound it takes a long time. But if you invest with BTC, I'm sure the feeling is much different and the effect isn't as strong as in altcoins.

Patience is only needed when the price of the assets we invest decreases, while for other sectors I don't think patience is needed because what is really or more needed is a strategy and how to store it. Because the investment that feels more enjoyable is investing in the long term, not just in the short or short term, which is almost the same as trading in the market. But apart from all that, I also agree with the application of patience in investing because this is an important point in investing in addition to several other points that must also be present.

Lorence.xD

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Quote from: wastagnn on May 26, 2023, 09:43:22 PM

Investing itself carries risks. While investments have the potential to bring returns, they can also result in losses.
Investing requires time and patience, treated with prudence and rationality. Investors should conduct sufficient research and diversify investment risks to reduce possible losses.

Also starting with small amount is a must in investing so despite being a newbie or lossing some assets you could already gather some knowledge and techniques once you experienced loss. Of course I am not saying to rely on your losses for you to have informations regarding investment. We're on the era of the internet where almost every information you could search online. You could also attend some seminars first. In short there's a lot of process for you to master investing so in that way you could profit and be rich.

woez

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Quote from: wastagnn on May 26, 2023, 09:43:22 PM

Investing itself carries risks. While investments have the potential to bring returns, they can also result in losses.
Investing requires time and patience, treated with prudence and rationality. Investors should conduct sufficient research and diversify investment risks to reduce possible losses.

I support your statement this requires patience. usually happens and it works when the BTC drop occurs. to reduce the possibility of risk occurring it is true as you say but look at the reality in the market, if BTC just goes down a little. the others are really affected there are also 5x faster and for the rebound it takes a long time. But if you invest with BTC, I'm sure the feeling is much different and the effect isn't as strong as in altcoins.

wastagnn

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Investing itself carries risks. While investments have the potential to bring returns, they can also result in losses.
Investing requires time and patience, treated with prudence and rationality. Investors should conduct sufficient research and diversify investment risks to reduce possible losses.

minersday

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People need to understand and remember that investing has risks, and there are no guarantees of profit. Continuous learning, adaptation, and a long-term perspective are required. You may boost your chances of success in investing by equipping yourself with information, being disciplined, and properly managing risks.
To be successful in investing, you must approach it with the correct mentality, knowledge, and tactics. Consider the following fundamental principles:

Research and education: Learn about various investment vehicles, markets, and techniques. Understand the concepts of risk and reward, diversification, and asset allocation. Keep up with market movements and news.

Set Specific Goals: Determine your financial objectives and time span for investing. This will help you make investment decisions and determine the proper amount of risk.

Risk Assessment: Evaluate the risks involved with each investment. Diversify your portfolio by diversifying across asset classes and locations. Review and adjust your portfolio on a regular basis.

Distinctin

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Quote from: OgNasty on May 17, 2023, 03:06:01 PM

While the word “rich” may be subjective, I think given enough time anyone could get “rich” by investing. All you have to do is follow what Warren Buffett says to do. Invest in an index fund and continue to do so for a long period of time. The longer you do so the more rich you will become. Common “market” index funds to invest in are SPY & VTI. It’s really that simple.

If you go for bitcoin long term investment, I think the profits will be more guaranteed and secured but if you only invest for short term duration, expect that taking profits would still very hard to achieve. Although investment has its high risk especially for beginners, but if you know where and how to invest, you will actually make significant profits in time together with your patience and perseverance that are vital keys to be successful in investing.

lalabotax

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Quote from: DevilSlayer on May 08, 2023, 12:01:42 AM

Investing doesn't guarantee you to be rich

This should be a major concern and should always be kept in mind. That's right, especially investing in cryptocurrency, there is no guarantee if you will get rich. Crypto is something that is tempting and sometimes very worthy, but on the other hand, the risks are also very large. You may see a lot of people getting rich because of crypto, but do you see how they struggle to get to that rich phase? I'm sure nothing is instant, everything definitely needs a tough struggle, including going through a bearish phase, a phase where a lot of FUD was thrown, a phase where Bitcoin was really not recognized and valued, and so on. It is possible that before they have suffered more than we have experienced and they succeeded. So, it's not that easy to get rich. Unless you really have a lot of money and invest at the right time and lucky. This also doesn't happen to everyone.

ajiz138

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Quote from: Ojima-ojo on May 21, 2023, 03:39:18 PM

The fact is that investment in general entails a lot of risk and not all investments will end in profits, some will lead to great profits ending.

While on other occasions, the market can go overboard against you, so what is important is that at every point in time, we need to build the financial knowledge that could point us to great advantages which could minimize our risk level.

There are many investments with minimal risk, there are also investments with high risk, in this category, you can choose whichever is the readiness, but behind big risks there must be high returns and we may hear that saying often.

If you want to get rich quickly from investing, it's impossible unless you go through several phases that you go through.

Knowledge of bitcoin is also important, in bearish times how to take advantage of it as an early investment because it is likely that bitcoin will recover again after being bearish, your patience is also very important if you are involved in bitcoin.

Ojima-ojo

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The fact is that investment in general entails a lot of risk and not all investments will end in profits, some will lead to great profits ending.

While on other occasions, the market can go overboard against you, so what is important is that at every point in time, we need to build the financial knowledge that could point us to great advantages which could minimize our risk level.

Victorik

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Quote from: rybako on May 21, 2023, 03:31:22 AM

Quote from: IvugeoEvolutionCoin on May 21, 2023, 12:09:18 AM

Quote from: Victorik on May 18, 2023, 05:16:15 AM

Investing doesn't guarantee you becoming rich, it depends on what you are investing in and how much you are investing in it. Matter of fact, investing can also make you poor. Imagine putting all your hard earned money on an investment that ended up failing woefully.
So you see, beside all you have listed out here, you also need to be smart with your investment.

There are very few people who have become rich by investing. Most people who invest are still losing a lot of money. I think we need to invest in the right coins to invest. But the way bitcoin is in the market right now is the right place to make an investment. It is a market worth keeping, so if we can invest now, it will be very profitable for us.

In addition to choosing good coins, another important factor is timing. If you are able to spot a good coin in initial stages, no one can stop you. Even a billion in profit is possible if you spot next potential bitcoin at right time.

But the question is how can we tell a good coin that will do well later seeing that some of them look very promising from the start, but end up going south along the line.
Sometimes what we need is just one coin to invest in early and that can change our lives forever.

Victorik

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Quote from: IvugeoEvolutionCoin on May 21, 2023, 12:09:18 AM

Quote from: Victorik on May 18, 2023, 05:16:15 AM

Investing doesn't guarantee you becoming rich, it depends on what you are investing in and how much you are investing in it. Matter of fact, investing can also make you poor. Imagine putting all your hard earned money on an investment that ended up failing woefully.
So you see, beside all you have listed out here, you also need to be smart with your investment.

There are very few people who have become rich by investing. Most people who invest are still losing a lot of money. I think we need to invest in the right coins to invest. But the way bitcoin is in the market right now is the right place to make an investment. It is a market worth keeping, so if we can invest now, it will be very profitable for us.

Yes! You are very correct on that. Not everyone who have invested in crypto have become rich today. Some of them have even lost their money, but have kept pushing because of the faith they have in crypto.

GideonGono

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Let's just be honest nothing in this world could guarantee you that you could get rich.
Investment, business and even work those three that could make you earn money doesn't really guarantee to make you rich.
Investment and business have their risk while working let's just say that not all job could make you earn well.
And if you want to be rich it all comes down on how you mange your time and money, you can't aim to be rich or wealthy while earning only enough to survive while spending like a millionaire.

rhodelmabanal

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Still depend on luck, not all investors are successful most of them are also losers and most are still looking for profit until this present time, if you are an investors it does not mean that you will become reach in the next couple of months or years because you still have to work hard on it , and even if you work hard if you are not lucky then you still not get profit to become reach.

MarjorieZimmermanGinger

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Quote from: Cryptmuster on May 21, 2023, 03:13:28 AM

Large capital experienced investors are trying to invest in more reliable areas, such as real estate and the like. In this case, the profit may be less, but for that there will also be less risks. A cautious investor would rather buy a hotel than invest such a huge amount of money in bitcoin, knowing about its high volatility. Moreover, bitcoin will also not be able to always grow in price at such a high rate, and someday this will change. And the hotel is able to bring a stable income, without big surprises.

Investors as you mentioned are not involved in the crypto space in general and they tend to take advantage of investments in other places that have a much smaller risk, such as Real Estate, Hotels and other businesses, but talking about profits is also proportional to the capital we have because of the three the investment model also requires a large amount of money. But most of us talk about investors in the crypto and bitcoin space, so considering volatility is a way that should be minimized as little as possible with methods and knowledge of investing in bitcoin.

That's why I said wealth will be in line with the capital we use for investment, especially when we believe in bitcoin for investment and I still believe bitcoin is one of the best investments for the future rather than choosing another crypto that is not fundamental. Many sources make us believe in bitcoin more than other cryptos because there is a lot of evidence about the success that people are getting nowadays.

rybako

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Quote from: IvugeoEvolutionCoin on May 21, 2023, 12:09:18 AM

Quote from: Victorik on May 18, 2023, 05:16:15 AM

Investing doesn't guarantee you becoming rich, it depends on what you are investing in and how much you are investing in it. Matter of fact, investing can also make you poor. Imagine putting all your hard earned money on an investment that ended up failing woefully.
So you see, beside all you have listed out here, you also need to be smart with your investment.

There are very few people who have become rich by investing. Most people who invest are still losing a lot of money. I think we need to invest in the right coins to invest. But the way bitcoin is in the market right now is the right place to make an investment. It is a market worth keeping, so if we can invest now, it will be very profitable for us.

In addition to choosing good coins, another important factor is timing. If you are able to spot a good coin in initial stages, no one can stop you. Even a billion in profit is possible if you spot next potential bitcoin at right time.

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