Topic: Investing doesn't guarantee you to be rich - page 5. (Read 2364 times)

Big risk with high rewards is actually true, if you've invested first at yourself. You gather first the prior knowledge about the investment you will stake your money and how you could handle such losses in case. You can lessen those risk if only you have the plan, knowledge and persistent to do investment in this industry. It's not actually suprising to know that most people much prefer to use bank since not all of the people are aware on how Bitcoin works. If only they knew how to navigate or control it but for sure it will hook some people if they hear that Bitcoin is a decentralized system. Most people who use banks are actually for convenience too wheenver they need money since there's a lot of withdrawal machine in such places like abroad.

Investing in Bitcoin is much more better than those shitcoins not because of anything but because of the value of Bitcoin over them. Bitcoin appreciate faster than them and there is less risk in Bitcoin. Because we can see many instances at the past on shitcoins.

But to say the truth Bitcoin in particular has helped many out from the poverty zone to middle-class citizens in their various countries. Investing in Bitcoin and through the investment the person get rich, it was also part of his or her plan of investing. Like if someone purchased Bitcoin in 2022 when Bitcoin was 15k$ and 16k$  with the sum of 3k$ and the person hodl it for a very long period, as JayJuanGee said, that person will become a rich man in his area. Though there is risk but if the person can manage the risk and succeed in the investment. Men!!! The nigga/dude will make it in life.

  Or big risks will lead to the fact that you will simply lose everything you had. From my observations, people tend to take less risk, even if the profit from this is much lower. To my surprise, many people still use the services of a bank when they put their money on deposit for a few percent per annum and think that their money is working. High risks and illiterate investment are extremes from which you should not expect a good result.

Yes, we have been given the path to become someone who is financially successful when bitcoin was first introduced, it's just how we respond. Do we want to keep learning and make sacrifices to achieve something we want, or do we just want to be someone who has ideas on how to become successful in an instant way.
Talking about success in an instant way, who doesn't want that, I'm sure everyone will have the same thought, but the problem is whether there is a way that will make it happen? i don't think there is such a way.

Bitcoin is our chance, we can't just pass it up! 

Now, this is what must be understood as a whole, because sometimes there are people who only know HODL but they don't know which assets to apply and under what circumstances. Especially if it is applied to shitcoin, for me that is something that should not be done.
We can very well apply this concept to Bitcoin, but we can't necessarily apply it to other crypto assets, arguing that bitcoin and other crypto are the same thing.

Holding is something that has to be done with the right assets, lest we generalize in this space.

Many people want to get rich through investing. Some are ready to take maximum risk to get rich while others want to stay away from risk.
Normally we get deep connection between risk and investment. There is no investment without risk. When an investor is able to take risk, he can be exposed to profit or loss. Those who can take more risk will also be able to gain more. But there is no assurance. Only those who patiently try to invest after taking risks can be succeed. Before taking risk, one must make a well-planned decision.

The HODL concept does not necessarily work for "crypto" or "shitcoins," so anyone needs to be careful in regards to employing HODL with various scams, whether ethereum or any other shitcoin you need to consider your exit... stocks also might be similar.... of course, you could pick various index funds, and so if you ultimately determine that the stocks have long term fundamental value, then HODL would work for the various stocks that may well have long down periods.. and sure of course with any investment you might end up being wrong, so HODL would not work if the fundamental value and strength of investment thesis is missing or maybe if circumstances have changed with such investments in order to contribute towards a weaker investment thesis for whichever asset (stock, properties, commodities).

In terms of bitcoin versus shitcoin, then surely it should be quite possible to figure out that bitcoin has a strong underlying value and therefore a strong investment thesis, yet since we realize that it's upward price trajectory is not guaranteed, we have to figure out an appropriate size of our investment into bitcoin in which we are either able to HODL through difficult periods or to add to our bitcoin position.  Those kinds of fundamental assessments are way less obvious when either speaking about shitcoin (crypto) generally, or even if we might go into each of the problems with the various coins that might have pump and dump possibilities, but not likely the same kinds of fundamental values (or strength of long term investment thesis) like bitcoin..

..so even though I personally suggest not to fuck around with shitcoins or to use vague terms like "crypto" when talking about what kinds of investments to make, if any of us do decide to have some allocation to shitcoins, we should be attempting to more particularly assess them.. and to figure out the extent to which HODL actually will work with those kinds of coins.. and not to be conceptually or descriptively lumping that crap in with bitcoin in vague kinds of uses of language.. because their is no such thing as investing into crypto - unless you really are getting distracted and involved in various scam products (ways of looking at the space) or even some of those crap "crypto" index funds that might cause you to falsely believe that you are investing better because you are "investing in more than just bitcoin," which likely just means that you really do not know what bitcoin is otherwise you would not be getting so distracted or lured into such products or ways of talking/thinking about how bitcoin relates to various shitcoins.

I totally agree with you OP, so many persons venture into investment all because they saw people benefiting from there investment, so all of a sudden they became interested without even considering if actually they have a desire to really venture into investment or not, there only believe is that if people are making money through investment they did, he could actually make the same money after investing, forgetting that there are more things that must be met before investing, just like the OP said, you must know the risk involves because you can not predict how the market works as such you can make profit or losses your money, the desire and patient is also one of the things one should also consider.

Basically, investment becomes the second option after having an active income every month, investing is to add value and maintain the value we have so as not to be eroded by a high inflation current in a matter of years.
I agree that investment does not make you rich, especially the money you use is not much, or in other words today you have $ 1000 money then you invest into shares/crypto and hope the end of the year becomes a billionaire, of course it is a silly mind, but this stigma Always a trend for those who are just familiar with investment especially when they see people who are lucky to get profit folds from shares/crypto so that they are tempted and have such mindset.

I think that if the investment is calculated, it goes well, and has a desire or ambition in its investment, if the investment still uses money that is not used for things or emergency, of course, in my opinion, may use the money that if you really are do not have plans to use it. In addition, the investment that you can go well, then we need to diversify our assets to other fields.

Surely the skeptical attitude must be thrown away. yes, as you mean, emotional control in the crypto world is the main thing and revenge and against the mainstream besides the end goal as the title OP wrote that Investing does not guarantee you will get rich. We are, now many are proficient and have their own ways and tips on investing and navigation.

Investing may not make you 100% rich but it will open a door for your next generation. Today there are two groups that make money hard and earn easily. Due to the negative effects of inflation, it is almost impossible to have something by working in my country. People invest in whatever they can invest in. Investing in the crypto market and stock markets is very attractive and is one of the main tools to protect our earnings against inflation. Therefore investing will always protect you against inflation.

You will not become rich by investing but you will not reduce your capital but it should not be forgotten that making a good investment causes your ambition to increase. When you become ambitious, you decide to invest more. But this is not correct behavior. You should stand by and proceed with Hodl in such a case. You should also be prepared for market fluctuations. Avoid investing if you have a weak hand. When investing, you should always be open to change and investment strategies from 15 years ago will not work.

Indeed. effective planning and taking appropriate are crucial elements in achieving achieve success, and ongoing learning plays a vital role in adapting and refining strategies overtime. When it comes to investing in volatile assets like Bitcoin it is important to understand that markets are always dynamic and often they make unpredicted moves, therefore managing cash to capitalize on every significant dip becomes very important. Moreover, making a single significant investment in assets like Bitcoin is suitable for those who have strong conviction in Bitcoin's future prospects.

In summary, there is no guarantee that investment in any asset class can make you rich, considering Bitcoin in the context of its historical track record, suggest bright prospects of substantial returns in the long term.

Well, I think we all agree that we shouldn't trust anyone on social media, especially big crypto influencers. Hals of what they say is paid by someone else, the other half is just pure nonsense straight from their heads. I don't say that they all like that, but definitely most of them.

I always have cash reserves which I plan to do for dollar cost averaging but a more important plan is for emergency. The cash reserve for emergency will be intact, won't change if I won't suddenly become rich. The cash reserve for dollar cost averaging will be changed a lot with my new cash in from my income and money I have after my monthly expenses.

I can continue or postpone my dollar cost averaging, it is not a big issue but I try to do it as much and as most regular as possible.

I see the cash reserve for emergency is very important because if I use all my cash for investment, if I urgently need cash for emergency, I will have to sell my bitcoin at price I don't want to sell. It can be price that gives me small profit but worse give me big loss.

In today's social media, they say that if you invest, everything will automatically get better. None of them tell you what the investor needs to know, the risks and the right information.

Being busy on social media takes precedence over many things. They would rather say an interesting word than the right word.

Investing does not guarantee that we will get rich. It only gives us a chance to seize opportunities. With the right moves at the right time. There are many factors to invest in and acting without considering these factors can lead us all to mistakes. The investor can invest with both the articles the OP mentioned and the positive things I have seen in many comments. Of course, he needs to weigh these things in his own mind. If it is appropriate, he will invest.

And most importantly, as you say, the investor needs a comprehensive investment strategy.

Of course, m2017 points out one of the more important things that OP had left out of his presentation of the important things that need to take place, which is action, and it is possible to start to act in regards to your investment plans right away and right from the position in which you are at, including planning is a kind of action.. but there is also the various actions of actually starting to set aside money on a regular basis and to build capital - including realizing that if we merely save money, then it is not likely going to appreciate in value.. and in fact, the money that we save will likely decrease in value faster than we can save it, and that is part of the justification why there are needs to figure out and find ways to invest into things beyond merely saving and building money that is not even keeping up with the cost of living increases.

The action from the start is to figure out your own situation, and how much money that you coming available to yourself on a regular basis, whether that is looking at your cashflow weekly or monthly or some other logical basis that makes sense to you.

Besides cashflow you need to consider how much bitcoin you have already accumulated (if that is part of your investment portfolio), your other investments besides bitcoin (including cash reserves), your view of bitcoin as compared with other investments, timeline, risk tolerance, and your time, skills, goals (investment/lifestyle targets , which includes figuring out the extent that you are in BTC accumulation, maintenance or liquidation stage) and your abilities to strategize, plan, research and learn along the way including tweaking strategies from time to time to consider trading, reallocating, use of leverage and/or financial instruments.

Figuring out each of these categories and putting a plan in place is a kind of action, and maybe it takes you a few days to put together a plan, or maybe it takes you a month or longer, yet I would not let the perfect to become the enemy of the good, because you should be able to get started investing (especially into something like bitcoin) while you are clarifying the various categories of information that I outlined above.  Get started sooner rather than later and continuously tweak your plan, whether you start out by investing $100 per week, $10 per week or some other amount that you think is a good starting point, and then as you continue to build your investment, then you can tweak your approach and even figure out your goals more specifically.. and so maybe we know your long term goal might be to become rich.. such as reaching a kind of fuck you status (which means that you do not need to work anymore for your income) or maybe you just want to have more options or to live more comfortably than you do right now (with fewer worries about money). .. but you still do not need to figure out each and everything before you get started, including that you can start with a small enough amount that you know that you will not miss and as you get more stake in the game (such as accumulating bitcoin), then you likely become more informed about which direction you should continue to pursue and which aspects that you need to tweak involving how much BTC you believe that you want to accumulate and then how to get there whether it involves DCA, buying on dips, lump sum buying or a combination of those kinds of BTC accumulation techniques.


This is exactly one of the facts of our modern lives.  Every single fiat is decreasing in value so rapidly that we are not able to just build up our cash - without the ongoing eating away of the value because it is likely to decrease faster than we can add to it, and sure there could be scenarios that you have built up enough cash that you are set - even though one of the concepts of maintaining your value or even living off of your savings would be to be able to live off of the interest (or the yield) rather than living off of the principle.  So there never really have been good ways to hold cash that allows you to live off of your interest, and it seems to have had become more apparent in recent times as compared to earlier times when it seemed that some of the currencies held their value better than others, and even now, the dollar is considered amongst the best (if not the best) of the fiat currencies in terms of holding its value, but many of us likely appreciate that the dollar is not in a very good position in terms of the likelihood that it is going to be able to continue to hold its value and not deteriorate greatly in value (which means that everything is going up in price in exponential ways, and we need to have our investments/savings to be able to keep up with that.. and even better yet, we want our investments/savings to perform better than the cost of living increases.. so that we become richer by what we had chosen to invest into... whether bitcoin or some other ways in which we allocate our portfolios to various assets, such as stocks, property, commodities, and/or cash equivalents including bonds (and I am not referring to investing in shitcoins, since that seems pretty dumb unless you are already rich then maybe you can fuck around with putting some value into that crap).


This is a good point, and we need to figure out ways to build our investment portfolios into decently large amounts before their values start to seem like life changing amounts, and even if we were investing $10 per week, it is going to take us 2 years just to get up to a $1k investment. but a $1k investment is still better than nothing, even though we might realize that we might need to figure out ways to increase the amount that we are able to invest if we are really expecting to be building life changing amounts, and I am not even criticizing the person who is ONLY able to invest $10 per week or less, because each of us can ONLY invest as much as we are able to invest, even if we are able to identify where to invest (and perhaps that would be starting out with bitcoin, and perhaps there might be ways that we try to manage our cash in terms of how we invest in bitcoin)..

so it can take a decently long time to build an investment portfolio, and if we realize that in traditional investing, it sometimes can take 30-40 years or more to build an investment portfolio to significant/meaningful levels, and we cannot necessarily conclude that bitcoin (or any other investment) is going to considerably short-cut how much time that we might need to build our investment portfolio, but there are still ways to attempt to be aggressive in our investment (without being overly aggressive that we end up recking ourselves) in such a way that we are increasing our chances to be able to reach our goals in much shorter times than 30-40 years, and perhaps we are able to cut the timeline in half our maybe greater.. especially with something like bitcoin included in our plan (and our portfolio), but we still likely need to be prudent and reasonable in our bitcoin accumulation approach, even if we might still attempt to be somewhat aggressive about our accumulation too (and I am not talking about trading in order to accumulate BTC, but just being aggressive in a variety of ways that we set aside amounts to build our bitcoin holdings -  while at same time, if we come to realize that we are building certain kinds of skills that might allow us to accumulate more BTC without putting our principle at risk, then there is nothing wrong with employing more advanced techniques once we have spent time learning about and honing such more advanced bitcoin portfolio management.

So I think that part of my point is that there is both planning and action that results in ongoing learning so that there is ongoing tweaking of plans based on learnings, and the tweaking of plans does not even necessarily mean that the overall course of action is changed. but just that some strategies might be tweaked from time to time that might involve cash management or how to buy BTC with DCA, buying on dips and lump sum investing when we know that it is nearly inevitable that bitcoin's price will continuously and ongoingly change on a regular basis.

In fact, saving money in crypto assets is more profitable than in a bank, because there are many differences regarding advantages and I think most people already know which one is better. Saving at a bank is generally considered to be safer because it is protected by banking laws and has a strong security network, but indeed over time someone will lose their money little by little due to factors from several government regulations, one of which is what you said. i.e. taxes or loss of value due to inflation that occurs. If indeed one's goal is to save to get rich then Bitcoin is the answer, although on the other hand the value of Bitcoin can experience significant fluctuations in a short time I don't think it will be too problematic if someone targets their savings for the long term, at least the next 10 years to be able to get some profit . Keep in mind that saving in a bank by saving in Bitcoin has advantages and disadvantages of each and everything depending on one's point of view and needs.

When talking about savings even though it is something good but it does not make money.
It's just a collection of money that we set aside for a certain period so that the money becomes a lot, but that doesn't mean we make money there because we look at the conditions. savings, regardless of the amount of money saved in the end, if left for one year, two years or more, the nominal will still be the same as what we saved before.
In contrast to investment, of course there is one thing that is more, namely the possibility of profit in it, even though in the end we also have to have the risk of losses incurred, but of course I think that is the result of what we do because everything has a concept of cause and effect where if indeed we want to take something risky then we must be prepared and try to pass the risk.
If in the end we choose investment, especially for bitcoin, then in this case you have to be prepared for the risk where you can get a loss if you don't really make an investment well, but on the other hand there are conditions where when we do it right and keep holding back the belief that bitcoin will get better in the future I think there are certainly good results from the investment you make.

Of course investing your money in certain assets or commodities doesn’t guarantee to make you rich but I will tell you one thing, keeping your money in fiat in the bank won’t make you rich. You’ll actually get poorer every year that way through the stealth annual tax, aka inflation. Buy bitcoin & relax, long term your money will grow in value.

Desire will not make you rich. Everyone on the earth has the desire to become rich but we can see that majority are poor.

Such trend is observed among many investors and traders who have wrong idea about investment. They find the way to get rich easily and they think it is possible with Bitcoin investment.There are many success stories in Bitcoin investment, and they get inspired by these stories and plan to easily become successful by keeping their hard earned money in Bitcoin and other assets.  But many people don't know that there are many strategic ways of investing that you can never succeed without knowing.Just as there are success stories with Bitcoin, there are also failure stories.  Those who invest in Bitcoin for the long term can make good profits, but short-term investors face more risk.