If you could focus on making some savings, and then use those savings to compound it via investments and better results, eventually you are going to get richer. It will not be overnight, very few people get rich like that, but over course of time it would be great. Think about it this way, if you save 100 dollars every month, and start investing after a year, with 1200 capital, and 100 additions every month, with a small 10% return every year, you would have only 10k dollars after 5 years, very very small correct? But what about after 20 years? You would have 85k dollars, and that's only 10%, with only 100 dollars a month, you already have down payment for another house.
Always look for the long term, and you will do better without a doubt. If you can save more, then try to save more, and in bitcoin world you will make more than 10% per year over long period of time as well, without a doubt. So you should be careful about it without a doubt.
You are very correct on the explanation. Do you know that some impatient people wouldn't even consider this simple math, but they think the other ways were they would have quick profit without them projecting their thinking to long term targets. As we know, long term projection yield gradually profits when not in a cryptocurrency space, but investments with Bitcoin can yield double of what we invested at the right time, let say buying Bitcoin when it dumped and hold for af least 3-10 years and experience few circle can make someone gain huge profits even without getting to the 20 years projection you made mention. Always look for the long term, and you will do better without a doubt. If you can save more, then try to save more, and in bitcoin world you will make more than 10% per year over long period of time as well, without a doubt. So you should be careful about it without a doubt.
