Topic: Investing doesn't guarantee you to be rich - page 4. (Read 2364 times)

You have brought attention to a crucial matter within the crypto currencies space, existence of numerous scam coins those hold no value These projects were created with the aim to deceive newcomers in crypto space and unlawfully take their funds. It is essential for us to take responsibility and raise awareness among our family, friends and broader social media community. While my first preference is always Bitcoin, however, top 20 coins listed on coinmarketcap  can be considered for investment purpose, as they have some use case.

In summary investing in these high risk coins has very little chance of making you wealthy, while the probability of incurring significant losses is much higher.

People want to become an investor because they want to escape too and have financial freedom, and one of the factors to achieve this is to have investment and business; let's take down for a while, people want to do a business because they don't want to become the slave of the corporate world they can manage their own time at the same time earning more than in working with the 8 hours in the company. Still, most of their mistake is having a wrong decision in business for example, not the business needed by the community. For the investment, this is the ideal way to let your money make more money into your, but the cons here are you need to make aware of how long you will invest and what kind of business because with every change in economic status, there's a price drops or pumps. To prevent these losses,, ensure you have full knowledge and understanding of how it works and continuously progress until you succeed.

Thank Sir, for correction. I regularly read your posts very carefully because of your extensive knowledge about Bitcoin, awareness of Investment strategies and above all your belief in its growth potential, which is highly remarkable and source of learning for all of us. I always follow your advice to enhance my understanding of Bitcoin technology and market dynamics, and encourage everybody to do so, to be able to take a well-informed decision.

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.

It is always influenced by many things, such as market fluctuations, the economic situation, and whether you are willing to take risks or not. rich it's a slow process, it takes patience, discipline, and keep learning. The important thing is to pay attention, look far ahead, and be prepared to face ups and downs in investment. Remember, it's wise to invest, understand your financial goals, manage risk, and be willing to adapt.

Market fluctuations affect the value of all forms of capital, including cryptocurrencies. Holding onto an asset in the hopes that it will increase in value is not investing. Real success requires familiarity with the asset, awareness of market trends, and a willingness to adjust tactics as needed.

Despite HODLing's widespread adoption in the Bitcoin community, the technique is not appropriate for every investor. Tolerance for risk, time horizon for investing, and end-state financial objectives all vary greatly across investors. Because of this, it's essential to think things out on your own instead than going with the flow.

But Bitcoin has also proven to be very robust and promising over the years. We should be realistic and spread our money around, but we shouldnt ignore the possibilities that Bitcoin offers.

getting quick profits is a greedy investor, there is no investment that can immediately provide instant profits unless it's a money game or a pyramid system, even then it's still very risky to lose,
It's true what you said you don't want to take risks  don't need to invest s, because investing requires a process not instant, if you invest correctly you will definitely get profits even though small, medium and large are all the same if you make the right 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!"

You misquoted that post Sayeds56...  I did not say that... it was karabiber.. so I fixed it in this post..

well, as said before, that there are no guarantees for success in investing, so the choice is, stick with our current situation, or take risks.
Actually, quite a lot of people know the risks involved in investing, because it requires mental preparation, and others as mentioned by the OP. It's just that, sometimes the desire of investors in investing is to get fast profits, and also they believe that their choice is right without doing in-depth research. so, sometimes when their investment doesn't work, they don't accept the situation. However, if you don't want to take risks, then don't invest. the bottom line is that investing does not guarantee success, but very many people are successful in investing.

People think Bitcoin and cryptocurrency are the same. They think they will get rich with alternative cryptocurrencies from Bitcoin stories like Pizza story which is abused by altcoin projects.

If in 2009, you missed Bitcoin
In 2023, you don't miss our project  

They have to be woken and enlightened that they will lose money very easy if they are greedy with Altcoins. Those articles have different numbers of failed projects by different methodologies but their numbers are all big. Actual number of failed altcoin projects can not be known because many 'projects' are created and died within minutes when they failed to pump and dump their scam, fraudulent games.

How many cryptocurrencies failed ?
Between 2013 and 2022, 2,383 Cryptocurrencies Fail, But a New Era Dawns in the Crypto Industry
Charting the Number of Failed Crypto Coins, by Year (2013-2022)

Indeed, it is fascinating to consider that Bitcoin may not make you wealthy in a short period, it also doesn't necessarily decrease the value of your capital. This also implies the importance of making well informed decisions and avoid reckless speculation. It is quite natural to become ambitious when you start achieving success, but it is crucial to control it by understanding the viable investment strategies, such as DCA (Dollar cost averaging). Making impulsive decision without considering risk tolerance level can be detrimental.

Investment in Bitcoin is a relatively wise decision in the context of its ability to hedge against inflation and its outstanding performance during the past 15 years.

It would be dumb to invest in crypto currencies.

But it would be smart to invest into bitcoin, and to figure out your position size in accordance with your level of feeling bullish or bearish about it, but everyone should get the fuck off zero if they do not own any bitcoin (or if they ONLY own small or symbolic amounts of bitcoin, then they also likely need to UP their bitcoin game), and therefore perhaps a 1% allocation into bitcoin if they are relatively whimpy and skeptical about it and perhaps up to a 25% allocation if they are more bullish and aggressive about it.. .and at the same time, getting started is one thing with something like a 1% to 25% allocation, but after getting started, it would likely be better to try to learn about what is bitcoin and also to individually tailor your bitcoin allocation and/or targets (and accumulation strategies) in ways that are more aligned to your own particular individual circumstances..and views about how bitcoin might perform as compared to other assets is only one of the categories to try to figure out in order to attempt to be a somewhat informed bitcoin investor.

Your uses of the term "cryptocurrencies" blackened515 likely demonstrates that you don't know bitcoin or that you are just being sloppy with your language use, which hardly makes any sense if you are actually trying to talk about bitcoin rather than some vague and amorphous concept that you lump into a vague and amorphous term (namely crypto currencies) that you might have heard some other "seemingly smart" person use.. but if such other person(s) use such a vague and amorphous term without actually accounting or particularly contextualizing bitcoin, then such person(s) probably are not as smart as they might seem to be.

Before investing in a project, I first of all, do some thorough research about the project to confirm if it's legit and has a solid road map, because there's numerous scams projects in the market. Investing in cryptocurrency is consider a risk, but we keep grinding for our daily bread, those sets of traders that are ready to give all they have, at the end its either a reward awaits them or a hugh loss. Take the risks, if you survive, you made it, if you lose, you lose. It's a simple path that's totally understandable and we look up to our responsibilities.

No risk and no reward, and thinking about becoming rich in any investment you do or want to do is ideal but not a certainty. There is no guaranteed profit for any investment because there are certain things we don't control when it comes to doing business.

Talking of risk-taking, a lot of people who have succeeded in running their businesses today are the result of taking risks, Not just anyhow risk but moderate risk-taking.

As you explained that in investing we must have desires, beliefs, rules and most importantly must be ready to accept risk, because very many investors who have been successful now they have tasted bitterness in investing but they still rise until all desires can be achieved, although investment will not guarantee we will be rich but successful people today because they invest so much done, Of course, investment in various forms whose main goal is to get profits and be able to meet the needs of life.

It is true that investing will never guarantee you that you can get rich by investing. Just as you have a chance of getting rich by investing, there is no guarantee that you will lose money. But if you invest in the right place at the right time, there are more chances of making money than losing money. Investing very few people lose money. Those who think of investing as just an investment succeed in investing but those who have a lot of plans around the investment or think that the investment will change their fortunes because of which they are more likely to fail than succeed when volatility is at work in them. Investing at the right time and waiting for a long time will surely make your investment successful.

True as you said investing does not guarantee to be successful and rich, but by investing at least we already have a little confidence to get a success even though the path we go through many obstacles but with confidence we will definitely get something we want, although sometimes it cannot give us great wealth but to meet daily needs I think it is adequate, So in this case we must be ready to take risks, have desires without any coercion from others then everything will definitely go according to our wishes.

The goal of investing is to earn returns regardless of whether you will be rich with your returns or lose with them. After all, investment is also referred to as the best way for anyone to increase wealth because of the benefits, but on the other hand, investment is not the best way to maintain wealth because of the risks.

Investments don't guarantee wealth, of course. Then why? We may already know what the risks of investing are.
I don't want to repeat the many reasons that may have been mentioned by many users before my post, but at least if you invest then you have deliberately increased your probability of increasing wealth.

You have raised a valid point regarding Bitcoin influence on socioeconomic status of individual's life, resulting in numerous individuals to move from poverty to middle class. I have personnely observed within my friends and family circle who timely recognized potential of Bitcoin and engaged  in various endeavors of orypto space, such as investing and trading in Bitcoin, joining bounties and airdrops campaigns. Their impressive earnings through these endeavors is a testament to the empowering opportunities that crypto space provides for those who seize them.