Topic: Investing doesn't guarantee you to be rich - page 17. (Read 2366 times)

To be fair if you're trading a shitcoins, you have a chance to become rich, but the risk is very high.

Since trading a shitcoins is like gambling and not advisable, most people recommend to learn a new skill that will help you to earn higher salary and this make you can start to invest in Bitcoin. I'd say investing in Bitcoin is very safe, it will not lost as long as you keep it secure and you can do anything with your coins even your country forbid to hold or use Bitcoin.

Go to an older and more experience person and they'll tell you Bitcoin is a scam because they don't understand it or are scared of it like some famous investors condemning Bitcoin. Investing doesn't guarantee you riches but it takes you closer to been rich. Investing in the right things is all that matters.
If you invest in scams, you'll lose your money or if you invest in ponzi project or those just pumping because of hype then you  would lose but when you invest in a solid project like Bitcoin, you can never lose as you aren't going to sell no matter how bad the market is going.
You just have to continue holding and no matter how long it takes, at the end of the day you'll rich in the future because you held your coins. You don't need any complicated education to hold your Bitcoin, and by just holding you have invested which can then give you riches.

Actually you are of good point mainly here, but i will tell you that those people who is a day old or new for investment are the people that will not know the strategic way of investment or have such misconception of investment by thinking that investment is a pathways of getting rich, its clear that its a capital lie, because if you don't know exactly the terms and conditions or understand the rudiments of investment you will not be successful in that investment, you can only be successful for investment when you know the principles of the investment, some investors today get lost of their investment due to lack of understanding of the investment, while some of the investors prosper, propagate due to the ability of studying and understanding the investment, its when you microscope business and know it too well, it's when you will become successful and get rich.

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 risk will be comparable to your decision to place capital in investment, if the capital you use is small then the risk is also small and vice versa, investment is not only talking about wealth but how you prepare a strategy to get, with that advantage you will produce wealth slowly and regular.

The points that you submit have represented everything that must be done by people who want to invest, but I want to add a little about the consistency where we must be observant in seeing opportunities under any conditions. If people do not have large capital, then make an investment scale using the purchase method as suggested by many people in the forum.

Investment must be carried out routinely in order to increase the amount of assets owned and the last should never think of getting wealth in a short time because there are many processes that must be passed and pay attention to every risk that needs to be minimized so as not to get caught up with panic in the condition of prolonged correction in the market.

It is only a naive person that thinks this way. Or maybe someone who is overly optimistic and has a disillusion about how reality works. And people in this category shouldn't even think about investing in bitcoin or in anything for that matter until they get the proper a perspective.


I would write that we should invest in knowledge and invest in experience. Go to an older more experienced and successful person and humbly request that they take you under their wings and mentor you. They should acts as role models whose footsteps you should follow. You should sit with them during investment meetings, you should go with them conferences, you should observe them and ask intelligent questions. That's investing in knowledge and in experience.

Of course investing can never guarantee that you will get rich. But investing has a chance to become rich. You have invested with risk and you can expect to earn a lot of profit from this investment very soon but those who have not invested cannot expect to earn this profit even if they want to. Investing is a much better decision than hoarding your money. However, there is no substitute for risk taking when investing.

Every investor has willingness to invest, investment mentality, and risk but those who are real investors must plan well before investing, know the various investment rules and have confidence. Those who have all the above qualities are the ones who mainly earn profits by investing.

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.