Topic: Investing doesn't guarantee you to be rich - page 3. (Read 2364 times)

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:
2. INVESTING ON MIND:  
3. RULES:
4. ACCEPTING THE RISK:
5. PLANNING :
6. CONFIDENCE :

So, based on the OP, even before someone can be rich, they must be rich in their thoughts (mindset). My friend had a poor mindset, and I believe that even if he had taken my advice to invest, that would not have guaranteed his success because his mind is not made up to be successful. Someone once said that "to become successful, you will try and fail for some time before you can actually become successful at the end." So, someone who is not ready to let go of their past failure will not be successful; someone who cannot rise up after they fail will not be successful. Someone who is not prepared for success will never see it because success comes with a lot of obstacles.

It is fine to invest whether it guarantees you to be wealthy or not. The worst thing that could happen is that you didn't invest at all because of fear of not getting rich through investment.
In everything in life, there is an iota of risk attached to it.
People that are willing to take such risks are the people that are always the rich ones. This kind of post in Op encourages laziness and fear of breaking through your comfort zone.

My only advice is anyone investing should have a good knowledge of whatever they are investing in. A good investment can make a difference in your life while a bad investment can ruin your chances of becoming wealthy.

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.

This means if you invest into gold, stocks, houses, cars, business, whatever you want to, all of them has a risk and none of them guarantees you to be rich as well, even if you do nothing and just keep fiat, that will lose value due to inflation.

No coin in this crypto market can give you a hundred percent guarantee that you will profit from it, but if you invest in good projects and buy at the right time, there is a chance of making a lot of profit.

Maybe it doesn't "guarantee" it, but certainly beats any other option. If you are investing into something stupid then yeah you are going to end up losing your money, but if you keep on investing into bitcoin for many years, even decades, then you will most likely do better than most other assets. People always look into things like "would this make me rich" but they forget, they will do something with their money one way or another and this is just a discussion of which one is better, not a discussion of which one works. This means if you invest into gold, stocks, houses, cars, business, whatever you want to, all of them has a risk and none of them guarantees you to be rich as well, even if you do nothing and just keep fiat, that will lose value due to inflation. So all in all, bitcoin doesn't have to guarantee you anything, it just needs to be better than another options that's it, and it would still be a valid choice.

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.

Investment has a potentiality of generating richness over time.
The fact remains that investment is as gambling  where if you undertake too much risks and undertaking too little risk's is as staking your ventures.
In the world of investing, you need as little risk as possible with as high upside potential as possible.
However, nothing comes for free when investing. It won’t and it will. It all depends on several factors, your personal knowledge, your willingness to admit you need advice, your risk factor, and your overall confidence and attitude

It is fine to invest whether it guarantees you to be wealthy or not. The worst thing that could happen is that you didn't invest at all because of fear of not getting rich through investment.
In everything in life, there is an iota of risk attached to it.
People that are willing to take such risks are the people that are always the rich ones. This kind of post in Op encourages laziness and fear of breaking through your comfort zone.

My only advice is anyone investing should have a good knowledge of whatever they are investing in. A good investment can make a difference in your life while a bad investment can ruin your chances of becoming wealthy.

Investments never guarantee anyone a profit whether in cryptocurrency or elsewhere. Investment is a risky thing, people get rich from investment and some become poor from investment. so before investing somewhere one should think twice and do a good research on the thing one is thinking of investing in so that the investment does not fail easily. and if you invest in the right place and in the right currency, the potential for profit is huge.  In this case Bitcoin can be a viable investment but it should be a long term investment.

I think, like Cryptocurrencies, stocks, property and commodities are all subject to market forces, and their value can fluctuate unpredictably. If an investor were to blindly hold on to their assets without considering the market conditions, what's worst, is that they would lose a large part of their investment on the hype of a nascent coin/token.

Granted, HODLing can be a viable strategy for some investors, but in my view it doesn't always work effectively under certain conditions, especially when market conditions change or the investment landscape evolves. tested like you say "Bitcoin is our chance, we can't just pass it up!"

Yes, no cryptocurrency can guarantee you to be reach but if a reliable investment can be made with good research, there is a high chance of success. Bitcoin is the best investment for long term investment. Even though there is no guarantee in investment, the risk of losing wealth will be reduced. Investment may not make someone rich but it can pave the way for him to become rich.

No coin in this crypto market can give you a hundred percent guarantee that you will profit from it, but if you invest in good projects and buy at the right time, there is a chance of making a lot of profit.

A lot of people often became poor due wrong investment.

The Difference between investing and batting is is often imperceptible.

Often people with little financial resources tend more to bear risky investments, in the hope of being able to change their lives. Rich people instead (see Warren Buffet) follow mature investments and with less risk.