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.
Topic: Investing doesn't guarantee you to be rich - page 15. (Read 2364 times)
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.
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.
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.
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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.
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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.
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Many people invest in Bitcoin without paying attention to the risks they will face in the future. They have the belief that Bitcoin will be their "way" to achieve wealth in the future, so they invest like crazy, but when their investment goes down, they panic and eventually forget their purpose of investing in Bitcoin. They lack the knowledge that Bitcoin is an asset that tends to be unstable and quite risky. They are taken in by other people who say that many people have become rich from investing in Bitcoin, even though they don't see that there are also many who have lost. The point is that investing in Bitcoin is great, but it's even better if we understand that it is a risky asset.
That's true, investment doesn't guarantee you Rich and have to work towards your emotion and mindset while set a target when to sell or buy as a trader, because cryptocurrency market is really depends on the entry point and the entry point matter's a lot for profit returns.
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I like the topic title. Indeed, investing doesn't give any guarantees and this is not the road to wealth, but without investing, in principle, it is impossible to increase your wealth (of course, this is only one of the options for becoming rich).You have listed 6 points that you consider important, but missed the most important point - this is 7. ACT. Without it, everything else is empty sound. Do you want your investment career to be successful? Then start taking action. It is at this point that so many turn off their path and they never achieve the desired results.
All of the steps that I mentioned in the OP is really good and we should follow it but in order to to imlement it then we should ACT. Do you want to be rich? Do you want to have a better lives? Do you want to provide good life to your family? All you need to do is to ACT. There are no other people who can do it for you. It's only you so what are you waiting for? Will you follow the wrong crowd who are afrai to ACT and take the risks? Or will you follow the minority who act and keep taking risks. The answer is within you. You are the only one who can figure it out.
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.
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.
That is true, investing doesn't guarantee you to be rich. It is a misconception that investing in Bitcoin will automatically lead to a guaranteed profits. Many investors who lacks knowledge and understanding of the risks associated with investing, which can possibly leads to losses. To become a successful investor you need to have a strong desire to become rich, you should invest first in knowledge or do a proper research before investing your money, If you are ready to face to risks involve in investing and you feel you are ready enough then you can start to invest. You need also to plan investments carefully so that you will not regret it.
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.
Those who are interested in investing are advised to invest as much money as you can afford to lose. This is a very big money risk. Because there are many chances of losing money. That is why the term risk-taking is associated with investment in this way. A certain amount of money, i.e. money that will not affect your finances if you lose it, should be risked.
Good response, Clearly with various considerations. I'm just adding this and I think this is just a small example in the world of trading, especially for beginners playing the short pattern. If the money to be used is not cold money but uses day-to-day operating money, I think 30% will be a burden again, especially during the current conditions and if it is very urgent someone will definitely cut losses. what happened was not a profit but a loss even if it persisted the point where he entered there was left out. Trading is a psychological game.
Quote from: DevilSlayer
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.
Taking a risk in crypto investment is very important which it can lead you to your financial breakthrough if you carry out your personal research before investing because many potential investors that became wealthy today in the community took the risk that made them who they are today. You can take the risk by making Bitcoin your first choice to invest huge amount of money and apply long term holding to feel the benefits of taking such risk in the community which is favourable if you can hold like 3 or 4 years before you can sell. Now that the price of Bitcoin has increased to $27,754 showed that there is a hope for those that took the risk to invest in Bitcoin when the price was $18,000 last year.
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.
Yes, well, planning and then following the plan, there are people who make a lot of plans and then don't follow them, and that doesn't work.
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.
5. PLANNING
This is what you should really be having on your mind but actually all of those factors been mentioned on the op is really indeed that needed overall if you do really tend to engage with investment.
This is what you should really be having on your mind but actually all of those factors been mentioned on the op is really indeed that needed overall if you do really tend to engage with investment.
Yes, well, planning and then following the plan, there are people who make a lot of plans and then don't follow them, and that doesn't work.
That is true, investing doesn't guarantee you to be rich. It is a misconception that investing in Bitcoin will automatically lead to a guaranteed profits. Many investors who lacks knowledge and understanding of the risks associated with investing, which can possibly leads to losses. To become a successful investor you need to have a strong desire to become rich, you should invest first in knowledge or do a proper research before investing your money, If you are ready to face to risks involve in investing and you feel you are ready enough then you can start to invest. You need also to plan investments carefully so that you will not regret it.
They will not become easily successful just because they invested but they have a higher chance of being successful just because they have invested.
This is not wrong but this is also only right if the choice of investment is good. You can be rich or poor based on the investment choices. I think it’s fair to assume that you will have a chance to success rather than higher chance of success since there’s no guarantee on investment since loss is still possible.
they still have a personal responsibility of ensuring it becomes a success by following up closely. Just like planting a seed and tendering to it till it matures into a tree.
I believe this is more compatible on business investment rather pure investment on stock or crypto. You can’t do anything to help your investment successful aside from referring it to your friend but you are relying the fate of your investment to the team of the coins that you are holding.
For me investing is a way to save my money from depreciating in the future due to inflation and if it turns out to be able to get me more than what I have saved in the long term then that is a good thing. Those who think investing to get rich are those who have received wrong information and are used to getting involved in online businesses that end up in scams like HYIPs or other types of investments that are not really investments.
Investments must be made in the right way, with the right knowledge, and also using money that we can afford to lose, because any investment will have a risk of loss, by realizing that we will be careful and only invest in definite forms.
Investments must be made in the right way, with the right knowledge, and also using money that we can afford to lose, because any investment will have a risk of loss, by realizing that we will be careful and only invest in definite forms.
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
It's true, investing in bitcoin or in other things does not guarantee someone to become a rich person. Because investing is not as easy as turning the palm of the hand. Careful calculations are needed before starting and when running it. Actually it's not just investing, in other things too, which includes the financial realm, if you think about it, nothing is sure to produce and make someone rich. Such as opening a business, opening services, and working (such as in factories, offices, or in the food sector)Everything is not 100% certain that it will make money let alone make someone very rich. So actually it's not only in investment that you don't have certainty, but in other fields of work you also have the same point, namely you don't have certainty either.
In my opinion, thinking about profits is also really necessary, because in investing, having the motivation to get profits is very necessary. Because if there is no strong motivation, how can you have high enthusiasm to run the investment.
Hopefully your post is useful, especially for beginners who don't know about BTC investing.
what you say is true, that investing will not guarantee someone will get rich, but by investing in btc there will certainly be the potential to get rich, and many people have become rich as a result of investing in btc, for example people who buy btc at low prices and selling it at a high price.
and in my opinion the key to successful BTC investment is knowledge that must be prioritized, patience and so on.
what you say is true, that investing will not guarantee someone will get rich, but by investing in btc there will certainly be the potential to get rich, and many people have become rich as a result of investing in btc, for example people who buy btc at low prices and selling it at a high price.
and in my opinion the key to successful BTC investment is knowledge that must be prioritized, patience and so on.
Investing in crypto requires having enough money to throw some money away for a period of time. Investing is easy for those who have excess money. And the amount they invest they don't need the money for the next investment. For which the money is held in the investment and the maximum profit comes from it in the future. But those of us with little money have to spend time investing and risking a lot. With the money we invest, we don't have any money for ourselves later, which makes it difficult for us to invest. But there are many advantages and disadvantages in Bitcoin investment so one has to invest very carefully in order to be successful. And investing should not lose patience but be patient and trust and confidence in investing is most important.
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The market is very unpredictable. Without warning, it can go up or down anytime even harder. See to it that you are well-equipped in managing your risks, especially when you do DCA (dollar-cost averaging) with Bitcoin.
Only spend an amount that you can afford to lose.
Even now, the market is unpredictable because there will be some downturns that might be harder. The market is very unpredictable. Without warning, it can go up or down anytime even harder. See to it that you are well-equipped in managing your risks, especially when you do DCA (dollar-cost averaging) with Bitcoin.
Only spend an amount that you can afford to lose.
Bitcoin has not been able to stabilize at $30k and continues to fall to $27k.
Doing good management and using the DCA method is the right choice, but do it well and make sure to buy at the support price.
Using spare money that can afford to lose, is the choice that must be made.
Do not use money that is still needed for other needs, it will not be good for the long term.
Exactly it is, straight to the point. Nothing here in the world of Bitcoin and crypto is gonna guarantee or promise us anything in terms of profits if you are expecting to be rich after investing.
The market is very unpredictable. Without warning, it can go up or down anytime even harder. See to it that you are well-equipped in managing your risks, especially when you do DCA (dollar-cost averaging) with Bitcoin.
Only spend an amount that you can afford to lose.
The market is very unpredictable. Without warning, it can go up or down anytime even harder. See to it that you are well-equipped in managing your risks, especially when you do DCA (dollar-cost averaging) with Bitcoin.
Only spend an amount that you can afford to lose.
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1. DESIRE:
Desire makes one motivated so I agree that in order to achieve things we must have desire to do it else, we can only be good in the beginning and give up when the going gets tough.Quote
2. INVESTING ON MIND:
Getting knowledgeable on our investment is a must. We cannot see the risk and the potentials if we don't educate ourselves on our venture. This is one of the first thing we must do when we wanted ourselves to engaged in an investment venture.
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3. RULES:
In investment we should have discipline thus there is a need to list certain rules to do and to avoid. This will serve as our guide toward richness.Quote
4. ACCEPTING THE RISK:
As the saying goes, no pain no glory. Investment is always packaged with risk, engaging in investments means we are accepting the risk involved with it. But it is not enough to just accept the risk. We must mitigate the risk in order to make sure of our success in our investment venture.Jump to: