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.
The Holy Book of the Christians states that, "my people perish for the lack of knowledge", which expresses that knowledge is the principal thing in every task of life. Many people that have invested in cryptocurrency they only heard about how someone around them invested in Crypto and it paid off, they never mind seeking for the knowledge about how such investment is done. When they hear bitcoin their next thought is that it's a source of making wealth, then they end up going into it the wrong way with o guide on what to do after investing. 
Topic: Investing doesn't guarantee you to be rich - page 14. (Read 2364 times)
There is no guarantee of anything in this life but if we stay on that fact nobody will achieve anything, we won't have cars running with fuel and plane flying over from one place to another through air, I don't want any of my children to ever believe that something is impossible, we gotta keep trying, if you don't try, wait till you are been tasked for not trying at all, you will have a ruined life and regrets all the days of your life.
Face the battle and see how it ends, if you run from your battle no one else will fight them for you, we are created to fight for everything, it's better to fight and lose than running away from fight, the simple answer is you will never know.
I've lost money in crypto, my wallet was compromised and my assets was stolen, my fault, still I don't give up, here I am today, doing all the things I can't even imagine years ago, I thanked myself several times for not giving up trying.
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. Face the battle and see how it ends, if you run from your battle no one else will fight them for you, we are created to fight for everything, it's better to fight and lose than running away from fight, the simple answer is you will never know.
I've lost money in crypto, my wallet was compromised and my assets was stolen, my fault, still I don't give up, here I am today, doing all the things I can't even imagine years ago, I thanked myself several times for not giving up trying.
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I think OP the points you raised are really very useful for investors be it trading or in the case of other businesses. Actually, I also think that investing will never guarantee that you will be rich be it in trading or any other field. I want to convert words from rich to successful, Some people are getting rich by investing successfully, on the other hand, some people are falling into the trap of getting quick rich scheme due to greed without doing any analysis. But it is natural that risk will always be in the case of investment, and whoever wants to invest must have the honest courage to take risk.But the risk must be taken with understanding, I think by following the factors mentioned by the op, it is possible to be very successful in this way. And these are not only in the case of trading but also in all other investment cases.
Actually, in this case I also often emphasize that being in bitcoin and investing there, there is no special guarantee about it and I think everyone is also aware that when there is no guarantee, that means we have to know that all possible conditions, including that, are still the worst possible. could very well happen.
But on the other hand, at least by investing here and looking at the existing progress for bitcoin, of course this is clearly very feasible to keep doing, considering the current conditions, which are definitely a little better here, of course, much more feasible.
As for all forms of possibility that occur later, of course it is a risk that must be faced because regardless of anything, it cannot be ruled out, but the point is when you have the courage to do that and are ready for all conditions, then it already shows that you really make an investment and I still believe that in all forms that are carried out seriously, of course the results will be good.
But on the other hand, at least by investing here and looking at the existing progress for bitcoin, of course this is clearly very feasible to keep doing, considering the current conditions, which are definitely a little better here, of course, much more feasible.
As for all forms of possibility that occur later, of course it is a risk that must be faced because regardless of anything, it cannot be ruled out, but the point is when you have the courage to do that and are ready for all conditions, then it already shows that you really make an investment and I still believe that in all forms that are carried out seriously, of course the results will be good.
I will like to say that investment doesn't guarantee one to get rich as you rightly claim but it is a sure way of getting richer. In addition to the point you raised is just to know the right timing to sell, hold and buy. If the law of investment is followed success is guaranteed.
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. 
There is no guarantee of anything in this life but if we stay on that fact nobody will achieve anything, we won't have cars running with fuel and plane flying over from one place to another through air, I don't want any of my children to ever believe that something is impossible, we gotta keep trying, if you don't try, wait till you are been tasked for not trying at all, you will have a ruined life and regrets all the days of your life.
Face the battle and see how it ends, if you run from your battle no one else will fight them for you, we are created to fight for everything, it's better to fight and lose than running away from fight, the simple answer is you will never know.
I've lost money in crypto, my wallet was compromised and my assets was stolen, my fault, still I don't give up, here I am today, doing all the things I can't even imagine years ago, I thanked myself several times for not giving up trying.
Face the battle and see how it ends, if you run from your battle no one else will fight them for you, we are created to fight for everything, it's better to fight and lose than running away from fight, the simple answer is you will never know.
I've lost money in crypto, my wallet was compromised and my assets was stolen, my fault, still I don't give up, here I am today, doing all the things I can't even imagine years ago, I thanked myself several times for not giving up trying.
You will fail a few times, probably you lost your Bitcoin to hackers or you do something stupid that cost you your Bitcoin, it's part of the way to get rich, it's never going to go smoothly that's why the majority of people believe that getting rich is oy for some set of people.
It's true that if getting rich through investing was that easy, majority of the world populations would have been rich today, but its sad that such perception doesn't work that way, that's why to be rich in life it goes beyond mere capital investing, as time, level of exposure, ability to sacrifice to get what you want and having the right knowledge about whatever skill or trade an you wishes to engage in matters a lot. And there are different kinds of investment, (i.e investment in knowledge, skill, talent or trade), which always pay off if such individual could be discipline enough to learn to perfection.
I will like to say that investment doesn't guarantee one to get rich as you rightly claim but it is a sure way of getting richer. In addition to the point you raised is just to know the right timing to sell, hold and buy. If the law of investment is followed success is guaranteed.
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.
You will fail a few times, probably you lost your Bitcoin to hackers or you do something stupid that cost you your Bitcoin, it's part of the way to get rich, it's never going to go smoothly that's why the majority of people believe that getting rich is oy for some set of people.
Everything youve said is true but not everyone can afford being stupid and lose their investments. Also, failing once doesnt guaratnee you a profitable learnig where you can invest again perfectly, maybe possible if you get lucky. But it will take more than just the hopes of winning. It takes money, huge amount of money you can lose and huge amount of emotional readiness for the money you cant lose. It is always better to take yime learning the market first.
If you are not rich through investment it's your fault, you are either someone who think too less of himself or you like doubting yourself, you can also be the type that isn't ready to leave your comfort zone, getting rich comes with a price, are you ready to pay for it?
Someone who makes 1000$ a month and ready to buy 100$ for long term hold will make less money than someone who invested 800$ in Bitcoin right now and hold for long term, how capable are you?if you are so damn serious with your dreams they will come to past.
You will fail a few times, probably you lost your Bitcoin to hackers or you do something stupid that cost you your Bitcoin, it's part of the way to get rich, it's never going to go smoothly that's why the majority of people believe that getting rich is oy for some set of people.
Someone who makes 1000$ a month and ready to buy 100$ for long term hold will make less money than someone who invested 800$ in Bitcoin right now and hold for long term, how capable are you?if you are so damn serious with your dreams they will come to past.
You will fail a few times, probably you lost your Bitcoin to hackers or you do something stupid that cost you your Bitcoin, it's part of the way to get rich, it's never going to go smoothly that's why the majority of people believe that getting rich is oy for some set of people.
Investing with the aim to get rich is not a misconception but the time duration the investor sets on such asset is what may lead to greed and possibly loss of asset if patience is lacked. The sole aim of every investor is to get rich but been guided on how to control the urge to achieve this within a short time is where many investors struggle.
I have the mindset of sticking only to investments with a future. If it has no future then there is no point risking my assets on it. I don't mind how long it takes to profit from a project but the goal line is that it should be profitable on the long run.
The first objective of our investment is to make profit. we mainly invest to make profit. And it's not a bad thing to dream of getting rich with investment profits. But the problem is expecting too much from this investment. We can expect to get profit from investment but the idea that you will only get profit from investment is wrong because investment never guarantees you profit. Anything can happen to your investments. I have the mindset of sticking only to investments with a future. If it has no future then there is no point risking my assets on it. I don't mind how long it takes to profit from a project but the goal line is that it should be profitable on the long run.
Investments have the potential to make gains as well as losses. If anyone ever tells you that an investment will make a profit, that person doesn't know the least about investing.
Investing with the aim to get rich is not a misconception but the time duration the investor sets on such asset is what may lead to greed and possibly loss of asset if patience is lacked. The sole aim of every investor is to get rich but been guided on how to control the urge to achieve this within a short time is where many investors struggle.
I have the mindset of sticking only to investments with a future. If it has no future then there is no point risking my assets on it. I don't mind how long it takes to profit from a project but the goal line is that it should be profitable on the long run.
I have the mindset of sticking only to investments with a future. If it has no future then there is no point risking my assets on it. I don't mind how long it takes to profit from a project but the goal line is that it should be profitable on the long run.
At least, if they can hold their bitcoins for a few years, they can expect to make big profits, especially if a bull run comes on the market. With what has happened to bitcoin so far, if someone can hold on for 3-4 years, they can sell their bitcoins in a bull run at peak prices.
But to become an investor requires a strong hand in holding the bitcoin. And not everyone can hold their bitcoins for 4 years because during those 4 years, the market will fluctuate and that's where their mentality will be tested. If they are strong, they can pass the test and sell their bitcoins at peak prices.
Apart from that, they must also know how to control their emotions so they don't panic when the market changes in price. And the most important thing is only to use the money you can afford to invest in bitcoin.
Some people just do have the bad luck though even by few years. Remember when Bitcoin was like down under 6k around 2018, and people were panic selling that time when they kinda expected Bitcoin to go over 20k? Bull run ain't a guarantee even after 3-4 years.But to become an investor requires a strong hand in holding the bitcoin. And not everyone can hold their bitcoins for 4 years because during those 4 years, the market will fluctuate and that's where their mentality will be tested. If they are strong, they can pass the test and sell their bitcoins at peak prices.
Apart from that, they must also know how to control their emotions so they don't panic when the market changes in price. And the most important thing is only to use the money you can afford to invest in bitcoin.
Sad reality is that becoming an investor requires you to somehow be above low-class people since everything you invest should be either you can afford to lose or you just don't care about it at all. This ain't a lottery that everyone can just win in an instant. Even if you're
Those who get rich by investing in bitcoins have multiple sources of income, so they don't have to worry about where to get some money after they decided to hold their bitcoins.
It is a fact that who achieved wealth through investment in Bitcoin have diverse sources of income. This financial stability enables them to approach their investments with long term perspective, without worrying for immediate returns.. Furthermore, many of these successful investors were able to recognize its potential of growth during the early stages when its price was at few dollars. It is a common observation that early adopters of any innovative technology are always at significant advantage.
Those who get rich by investing in bitcoins have multiple sources of income, so they don't have to worry about where to get some money after they decided to hold bitcoins. Others don't even know these rules and just go to rush on their investment without a second thought or don't have any other source of income. most likely they used all their money and some of them even go overboard by selling property which in the end they regret about it because they are not gonna make some earnings fast rather they need to wait for years in able for their bitcoins price to surely grow. That's why most of them quit before even getting to witness their bitcoins price increases its price multiple times.
There will be no easy way to become rich, it can be done by hard work, luck, skills, and knowledge. investing in Bitcoin is not an easy thing and it will never assure you that you can be rich by just investing, investing takes time, you can also learn trading which is a really good way of earning money but still risky you have to spend a lot of time learning about it before jumping into it.
Planning and trusting your investment decision are crucial for success in any kind of investment including digital assets including Bitcoin. It is important to note that market conditions continue to change and in particular crypto markets are very volatile which can potentially cause doubts and tempt us to sell our investment to avoid losses. However, this is where emotional control becomes important, as it enables you to remain patient, waiting for the return of bull market when you can reap the rewards of your investment decisions.
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.
That's pretty standard when you are investing. That there's always the risk of not making it through the numbers game and you can end up losing your investment in the first place. Personally, the important thing that you are going to consider is the path that you are taking and whether you are doing the necessary steps to get you to your goal always remember that you are what you do.
There's definitely no guarantee in this life.
There's definitely no guarantee in life but some kind of investments are riskier than others. There are investments with very low risk and promising high returns and this type of investments when done consistently makes one rich.There's definitely no guarantee in this life.
The most important step to involving in a successful investment is having a good knowledge about the investment you want to involve in.
There are many people who still invests hugely in things they know nothing about and such wouldn't know the risk level of such an investment.
An investor is a risk taker.
Investing does not guarantee you to get rich, but it makes it very likely, if we understand by "getting rich" the improvement of your economic situation, and we are talking about long-term investment.
It is even more likely within an overall personal finance plan, with a control of income and expenses, an emergency fund for unforeseen events and a diversification according to your knowledge and risk tolerance. With this, if we discount unlikely bad luck scenarios that make you need to dip into your saved and invested money, everyone improves their financial situation, or gets richer, if you prefer.
It is even more likely within an overall personal finance plan, with a control of income and expenses, an emergency fund for unforeseen events and a diversification according to your knowledge and risk tolerance. With this, if we discount unlikely bad luck scenarios that make you need to dip into your saved and invested money, everyone improves their financial situation, or gets richer, if you prefer.
Having an investment of course doesn't make you rich in instant there's always be a process. Investing your funds it's much better than saving it but you can do both so some of your money are working for you and some for in case of emergency. There's always a risk but a high risk always come with high reward but also none, still better to have a probability of success than nothing. Investment could make you rich for a long term, it we think of it people who bought BTC decades ago if they still have it then most likely they are rich now.
I agree many rich people out there become rich because they hodl for the long term, those people who hodl for the short term because they want to become rich quickly won't get rich in the end. We should be able to separate emergency savings and investments because still a lot of people use their investments as their emergency funds so it made they won't hodl for long.
Long-term holding is considered a huge advantage in investing, but the point is that not investing and holding any assets will make you rich. We need to choose the right assets to hold because there are many investments that also won't generate returns when you hold them for a long time. I'm not just talking about bitcoin and altcoins, I mean all other investments like stocks or real estate.
It's strange that I see many people still confusing investing with saving. If we put money in bitcoin, it cannot be considered as savings because it is volatile and anyone using that investment as an emergency fund is a grave mistake. What if our investment loses money in the short term, and we need the money urgently?
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