Topic: Investing doesn't guarantee you to be rich - page 11. (Read 2364 times)

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.

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.

What you say is basic knowledge that any investor already knows. It is easy to say but to apply and implement it is not as easy as you think. That's why there are not too many successful investors, even though they know everything you say. Whether in investment or whatever, success will not come when we apply the fundamental theories spread on the internet. But we need to have our own mindset and orientation that best suits us to be able to bring out our full potential to achieve success.

There no guarantee on this world.   No matter what are the things you are involved into and no matter what you've been dealing into, there's no assurance to that. Being rich isnt something a state
on which you could be able to reach up without doing nothing except if you do get some inheritance or hit up some lotteries or some sort or making hit some jackpots on making yourself rich instant.
In speaking about investment then dealing up with this doesnt guarantee success, you should consider that competition is high and it would really be like survival of the fittest and to those people who
arent really that good would really be definitely experiencing such losses. This is why when you do make out investment then always be that open minded that you should be able
to bare up such risks and be wary on how to deal with it.

You arose a great point here and it's totally legit. Because i have seen it with my own eyes and in the past i also have the same vision. But as time passed, i came to know more about crypto, started to write an article even made a website on crypto. All of these experience has made me solid and increased my confidence too. It will do the same for anyone who wants to invest. As Knowledge is power without it you lose. Even if we have invested in BTC or in any of the assets we still have to look for it and analyze the market condition.

I understood this point few months back. Like i was watching TikTok videos and people were showing rich content they have. In reality, i know some of their financial conditions then i came to realize that no wonder social media is full of fakeness. Then i also understand, why i want to earn money. How much i want to make? for example, i am making a good living now but still my mind keeps saying to me you have still some spare time and you have to do some work in that time. I keep asking myself why i should put that much effort to earn money. what do i want? is more necessary. As, i am making money and not fulfilling any of my wishes why? because my wishes are expensive but i am also not working enough to get them just had a mindset that when the time comes i will get them. But that's not true. I used to pray to Allah that, i get the first position in my exams, i put all of my potential in it, and by the grace of Allah, i achieved it many times. Still, i don't pray to Allah, of becoming rich. i just pray, to make my life and death easy for me. As a Muslim, i don't desire to be rich but desire to help others but you know what? that needs money So, then i started to ask for money in my prayer that i could help others.

I also admire your all of other points but this point is most necessary because once you set your mind to achieve a position and work for it and pray to Allah for it. one day you will achieve that Insha Allah. And that's what is desire. In the procedure, you automatically acquired all other mentioned points in your self.

To answer that there is no guarantee that we can be rich or become successful in investing. To increase the chances of success we may consider doing this tips. We need to have a set of clear goals, objectives and try to develop strategies on how to achieve those goals. This will help us to stay focused and we can make the right decision. We need to diversify our portfolio if we will invest and do not put all eggs in a basket because of the risk involve in investing. Invest for a long term with this kind of investment it is important to have patience and discipline. Do not make short term trades based on your emotions because it might loose your investments.

I still want to re-emphasize OP's point, there is no guarantee that investing will make you rich.  what do you have to prove and confirm that history will always repeat itself? it is often said that the future is unpredictable, if you can be sure, does that mean you already know the future? to me, if everything were so predictable and easy to make money, we all would be rich, everyone would borrow money and sell all assets to invest in bitcoin because, as you said, history always repeats itself. 

No guarantee unless you are holding either Bitcoin or ETH as history always repeating itself, just buy and hold and set your target
then forget about your investment for a while.

If things favor your side in a much quicker time frame, then it will be good, but if you need to wait for a longer time, then it's okay as you trust the
asset that you are holding.

Only time can tell whether the market will bounce high and give you decent benefits, not a guarantee as what OP said but
chances to earn a good amount is also possible to happen.

In addition to knowledge consistency is needed in investing, while success or failure depends on how a person plans the investment he is making. Investment requires money as the main requirement to run it, if you have a little capital to start then the profit will follow the adjustment of the capital, whether you become rich or not depends on how much money you use to invest.

Talking about investment reality will bring you to the stage of wealth if you have large capital and you know the right moment to buy. Profits will be proportional to the capital you have and the greater the capital you place, the greater the profit you will get, that is the actual investment formula logically and in reality.

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.

First we should make ourselves clear that, how much money is sufficient to claim that we are “rich” now. If you don’t have a definition for this, then no matter how much money you make, there will be always a hunger to make more money. And now regarding the investments, then whether it’s crypto investments or any other form of investment, it doesn’t make you full with money in a night. In each and every investments, there is risks involved, and you can overcome the risks with proper research and calculations.

I think knowledge is not enough, investment, like other professions, must have all the elements to succeed. Knowledge is a prerequisite to have, but skills and experience are also indispensable factors to help you succeed. And that is the difference between a newbie and a pro, a newbie still has knowledge if he prepares well but still loses because of lack of skills and experience.

Agreed, newbies should not invest in altcoins because the risk is quite large. But that doesn't mean altcoins are useless, if one is confident that he or she has enough knowledge and risk tolerance, investing in altcoins will yield much better returns than bitcoin.

 You need to gain a lot of knowledge, that's what will determine your success with investment, you can easily mismanage your money in investment that could result in losing your money, risks available is why investments isn't guaranteed to make anyone rich, and you need time to learn and do research.

If you invest right you will get good results back, no knowledge is too small so don't always feel like you've learn enough, if I have to advise someone new in this space I will tell them to stay away from trading and altcoins investment first, if they are in haste to make money they should invest on Bitcoin and keep learning for the time being.

The fastest way to lose money in crypto is investing in altcoins, because altcoins consists of too many shitcoins, and take hype too.

Its seems wrong perception about "Investing doesn't guarantee you to be rich", why many people want to spent much money for investing on several investment kinds from property, gold, stock until their investment in Bitcoin because want to earn much profit and one way how to be rich. But in the reality why many people still poor after investing because they have wrong way with investment, not learning about method or technique how to invest invest their money and earn profit as soon possible. Indeed some one less experienced and make them failure when investing money in any investment place. But one thing how to be rich is become investor actually with Bitcoin can bring us success at the future when Bitcoin growing up to higher price.

experience is indeed one of the keys to successful investing in btc, because indeed the experience of failure or success will certainly make us more mature in understanding about investing in btc.

so the point is to get rich from investing in btc it takes patience, experience and also large capital and so on.

I concur that the steps you outline for learning before investing are crucial for all investors. As an investor, the first thing that comes to mind before investing is knowing the risk and being able to accept it. The second is having plans while investing because if you don't have plans for your investment, you are not a good investor. The third is investing with the understanding that something positive will always come from what you are investing.
Although investing doesn't ensure success, as long as you bear in mind that you must make it by adhering to some of the measures outlined here and have faith in your abilities despite your lack of knowledge, you will undoubtedly benefit greatly from your investment.

i didn't see you mention any risk in investing, and as the op said, investing has no guarantee that you will succeed or will always get a return.  everything is risky and the risk is higher when we talk about cryptocurrencies. Not every coin will bring you profit, not every coin will increase in price when the bull season comes.
One more thing, history has proven long-term holding is profitable, but we can't guarantee that will happen in the future.  So never say for sure or confirm anything in this market.

Main thing that you should be having in mind because once you do mold up that kind of mindset on which you would become rich once you do engage with investment then it would really be creating that

kind of desperation on which you would really be forgetting those basic principles in life or even just with investment.If you dont have that kind of realistic approach then you would be definitely
be having that kind of problem on the time that you would be facing up some problems. Be realistic and be not that delusional when it comes to targets on which you've been thinking up
already about the results despite on having that small investment of yours or whatever kind of investment you are dealing with.

There are people who do have high expectations on whatever they had invested without even trying out to think back again on what are the factors which could potentially affect out those outcomes
which would affect profitability. Therefore it would really be just right on having that realistic approach.

Really! What's the rule of investment?
Just as the topic says investment doesn't guarantee rich cause nothing is guaranteed no matter the rules you follow until the result of the investment is positive but it is always good to have deep knowledge about what you want to invest in and also learn about the historical trend of it to be prepared for risk management.

Yes, everything depends on knowledge but it's not all coins that are worth holding for the long term till a bullish market because some crypto will make it out of the total bearish market. This is why Bitcoin is always recommended.

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.