Topic: Investing doesn't guarantee you to be rich - page 13. (Read 2364 times)

According to research over a long period of time, it is proven that money invested always gives good returns.

And yes, there may be periods of a few months, a year, or several years when the market goes down, but in the long term you will still make a profit.

It's hard for newbies to trust themselves in this market.

They might trust themselves at beginning but when they read news, fud, see price crash, their confidence will vanish quickly. They don't have enough experience to know that volatility is for short term and long term price will have less volatility up or down. It has very sharp growth since 2009 till 2023 with many big volatile price movements in those years.

They must live in this market and with time they gain experience which is important for them to trust themselves.

The majority of the investors and traders have misconception on investments because they think that they will easily become successful by putting their hard earned money in bitcoin and other assets without understanding that it is just the foundation and they need to work really hard and follow the other steps to beat the market and able to have gains in their portfolio. Don't get me wrong guys because I really promote investing but majority do not understand how it works, they think that there will be a guaranteed profits oncethey put their hard earned money but in reality, it is very harsh because outcome is not guarantee which means that there are thousands of outcome that can happen and what we need to do is to be prepared on what ever situation will be. So what are the outcome? they incur losses. They do not understand the risks associated with the asset and if the rewards are worth it or not. I read a past research and they conclude that only few percentage of investor are consistently making money and majority of the investors keep losing their money because of lack of knowledge. It is the number 1 reason why investing doesn't guarantee you to be rich.

So the question is how can we make our investing career to become successful? These are the steps that I personally formed and I think it can help you in some ways.

1. DESIRE: You should have a desire to be rich! Most of people wants to be rich by they do not have desire to become one. They simple say it but they do not put work for it. There is a big different on saying you want to become rich and you will become rich. Be sure that you are one of the people who have desire and consistently saying that you will become rich because desire is energy. And if you do not have energy, you cannot put work and effort for you to become one.

2. INVESTING ON MIND: Invest in knowledge before putting your hard earned money on bitcoin, the opportunities in the market is unlimited. Do not fall for the Fear of Missing Out because the opportunities always existing in the market especially if you train your mind to see it. People do not see those opportunities because they never invest in their knowledge. You have money to make investment but why don't you have spre money for your education? Lack of knowledge will lead you to incur losses and the only one to cure it is to make an investment in yourself. The investment that you will do is not for short term only, but it can help you to achieve a lot of great things in life. So what are you doing now? Don't hesitate and make sure that you should invest in your mind. This is one of the greatest decision that you ever made.

3. RULES: Creating rules for yourself and following it is the next step. The reason why there are a lot of people who wants to be a trader and investor because of the FREEDOM that they can have when they are doing it. It is the freedom because there are no specific rules that they should follow. The know that they can buy whenever they want, they can trade whenver they want and they can make money whenevery they want but it doesn't mean that you will not experience lossses. This is where the rules will kick in, You should have rules on what type of investment you will make, when you will entry, what is your cut loss percentage, when you will sell, how much you will allocate and knowing if the RRR is good or not.

4. ACCEPTING THE RISK: You cannot be profitable if you do not know how to accept the risk, majority of people ignoring it and that is why they are keep losing. Be aware on how much money you can incur before the trade and in that way you can have an idea if the investment is worth it or not.

5. PLANNING : Do not just put your hard earned money on some investments or buy bitcoin immediately without having a solid plan, organized planning is what successful investors doing. They have steps that they are following because they trust that it is the best way to achieve their goals.

6. CONFIDENCE : Trust yourself, trust the plan that you created and do not ever hesitate, in this way you can perceive the market information correctly and you will not experience any fear, panic and many more negative emotions.

Having a good ability to analyze the market can allow you to get to your goal much faster, but even the most experienced make mistakes, so of course no one has any guarantees when it comes to investments. Those who think they can read the market well may end up choosing the wrong time to sell, perhaps in an attempt to buy later at a cheaper price, but may end up losing their investment.

There are many ways to succeed and become rich in life, but investing is arguably our best path. Investing is good but by no means perfect or risk-free, and there is no such thing as success in this world without trade-offs.
If you do not choose to invest in getting rich but choose another path, such as starting a business or working at the top organizations in the world, you also need to sacrifice your youth, time, and effort to achieve. Investing, too, requires trade-offs and sometimes no trade-offs to succeed. In any field to be successful we need to have the right plan and strategy. In short, investing is just a means like other fields, success or wealth is up to us to decide.

It's because investing has always its risk but it's a way for someone to get out of poverty and become rich. Look at the billionaires that we know made by their investments. It's no guarantee that someone will be rich on it but let's just look at the footsteps of those rich folks now, thanks to their mind and investments. There are certain processes that one has to make and it's also a matter of choice on what you will be investing with. Wrong investments won't make you far but the right ones and that should be where starters should look for.

2. INVESTING ON MIND: Invest in knowledge before putting your hard earned money on bitcoin, the opportunities in the market is unlimited. Do not fall for the Fear of Missing Out because the opportunities always existing in the market especially if you train your mind to see it. People do not see those opportunities because they never invest in their knowledge.

that is why in investing you must have a strong mentality in making risky decisions because not all in investing has an assurance to make you rich well there are some but we have different fate maybe someday it will happen to you and some of us might have breakdowns too as what you have said things will not come to our way and don't need to expect that much.

No investment has assured returns which supports the idea that not all investment would make you rich in an instant. Also, successful investments mostly, suffered from failures for sure no matter how an investor is prepared of it. Some of them had thoughts of giving up. It already takes courage to start an investment so what more of continuing such thing. Risk will always be present and there are variables an investor won't have control of, which could contribute to an investment's downfall. In fact, most of the investors are atleast hoping for a breakeven between asset and expenses simply because negative outcome often occurs. It is okay to have desires or big dream out of something you have started but always manage the risk and expectations 'coz not all things would come as expected.

Investing in a business you have no knowledge of is a very dangerous move to make. One thing I've noticed about businessmen is that they don't make decisions that will not benefit them since their money is on the line. Businesses face their own challenges now that the world is experiencing inflation, and each individual business is affected in its own unique way by it. The bulk of people that buy Bitcoin nowadays don't even have a good understanding of the entire process that goes along with it, all they know how to do is buy and spot trade. If you're introducing anybody, be sure to be very clear. before they start blaming you when the colors start changing.

Nothing in life is promised; we simply need to strive harder for the purpose to secure our daily food and survival. Our family needs us, there are essential tasks for us to take care of, and I'm willing to do anything in order to come out financially balanced.  Crypto is one of the simplest ways to make money, but only if the necessary procedures are followed. Losing is a common occurrence in the market; we must lose in order to either learn from our mistakes and correct them, or remain stationary in one position; the choice is ours. This life is all about adopting dramatic methods to become wealthy. Everyone has goals they want to achieve, and we ought to continuously strive to accomplish them.

It is truth investing on what you don't have knowledge can not make you rich, because you have to go for knowledge and information in a particular thing for you to get the knowledge on how it works to become rich, in other words, Bitcoin business, to be rich is sure, but not get rich quick. Therefore, information is very important in cryptocurrency industries market.

It's hard for newbies to trust themselves in this market.

They might trust themselves at beginning but when they read news, fud, see price crash, their confidence will vanish quickly. They don't have enough experience to know that volatility is for short term and long term price will have less volatility up or down. It has very sharp growth since 2009 till 2023 with many big volatile price movements in those years.

They must live in this market and with time they gain experience which is important for them to trust themselves.