Topic: It ain't meant to be easy - page 6. (Read 2136 times)

Previously I wanted to ask, have you sold the bitcoin you bought at the time of ATH or not? if yes then it is true that you have lost, and if you have not sold it then it cannot be said to be a loss because the possibility of bitcoin touching the previous ATH or even exceeding the previous ATH is very large.
You have done something right, because when you experience something undesirable (buying bitcoin, then the price drops far from the price when you entered) you continue to try to learn or deepen your knowledge about bitcoin in particular. Because sometimes not a few when they experience something unwanted they immediately stop and even say this is a scam.

A lot of people, even the experienced guys, are still stuck in that conjecture and its rather unfortunate.  Like you explained in one of the threads, using the term cryptocurrency to represent all digital assets including Bitcoin without adding some clarifications/distinction could send a terrible signal to the uniformed.

Someone could be swayed to buy into a shitcoin, only to loose his money and blame cryptocurrency for his loss and someone might take note of this, only to resist and criticise any discussion of Bitcoin siting that cryptocurrency is scam as many feel comfortable saying.

I am yet to see someone who bought Bitcoin that is regretting but there are countless number of terrible stories about losses in shitcoins and I posted about mine yesterday when I checked coinmarketcap only to realise that a token that raised over $8 million in sales died and left us with a bag of shit.

So, I feel it is very important we make that clarification when using the word "cryptocurrency"

This is a helpful information I must admit. My views Actually align with yours in no mean way and I guess you just gave a good perspective that give clarity and direction to explore.

I understand that you are talking about bitcoin here (or at least it seems like it), but for some reason you chose to use the word "cryptocurrency" which seems to be quite misleading if you do not attempt to put your assertion into some kind of context.. So why even use the word, except you are trying to imply some kind of broader application regarding whatever you were going to say about bitcoin.. so then a question gets raised about whether you are actually talking about bitcoin or something else? 

I really am not sure.  I was going to say something else about fuck crypto when it comes to knowledge, especially if we are talking about bitcoin because some people get distracted into trying to learn about various crypto when it is merely a distraction, but it may well be helpful to have some kind of a framework, so long as we attempt to know how bitcoin fits into it and give some kind of a starting point to bitcoin in order to understand that a lot of the crypto space is either building on bitcoin or attacking bitcoin or engaged in some kind of affinity scam in regards, to bitcoin, yet at the same time, just because much if it is a waste of time in terms of focus, it does not mean that there is not any value in some of the broader space, as long as it is understood in terms of a more informed context.


This not a bad point either in regards to a distracting angle that comes from get rich quick ideas, and surely with any gambling angle there could be ways to get rich quick scheme with some in and out strategies, so we cannot completely discount the possibilities of actually getting rich quick, or that people are reasonably motivated by get rich quick ideas, even though that get rich quick framework might end up causing them to invest into bitcoin in ways that don't end up working out so well for them. including some people who got in and out of bitcoin and thought that they were geniuses because they made 2x, 5x, 10x or some other great return in terms of dollar value, but then when they look back at their overall investment portfolio performance, they see that they would have been way better off to have played a longer bitcoin game, even if their average cost of BTC might have ended up going up when they end up buying BTC at higher prices that drop in price for extended periods of time.

One more point about knowledge when it comes to bitcoin.  There likely are going to be a variety of reasons that people come into bitcoin and get interested in bitcoin, and the point in which bitcoin sufficiently resonates for them is likely going to be different for different people in terms at which point they might be considering bitcoin to be more of a long term play rather than expecting positive results in the short-term, and some people take way longer than others in terms of even being able to understand bitcoin in a way that they have confidence in its longer term investment thesis, versus maybe considering bitcoin in terms of market sentiment or momentum or its connection to other macro asset (such as having ideas about how bitcoin is correlated, when it likely is not as correlated as they believe.. but that still goes to how bitcoin is understood and whether bitcoin is understood).

Surely, I am not suggesting that wide knowledge of bitcoin is needed prior to investing into it, even though surely it is helpful to have some kind of a meaningful basis that motivates an investment thesis or how to invest into bitcoin in a way that is suitable to the person. so having knowledge about bitcoin is only one of the components apart from having knowledge about ones own financial and psychological circumstances, and perhaps it bears repeating what kinds of knowledge is helpful, but it is surely not necessarily that anyone perfects each of the areas of knowledge even if s/he has more information that is relevant to certain areas of knowledge..... and so here it is:

When you invest into bitcoin, at minimum you should be attempting to develop knowledge about:

1)   your cashflow,

2)   how much bitcoin you have already accumulated,

3)   your other investments (including cash reserves),

4)   your view of bitcoin as compared with other investments,

5)   your timeline,

6)   your risk tolerance,

7)   your time, skills, goals (investment/lifestyle targets, which includes figuring out the extent that you are in BTC accumulation, maintenance or liquidation stage),

8 )   your abilities to strategize, plan, research and learn along the way including tweaking strategies from time to time,

9)   your considering your time, your abilities and whether to trade, reallocate from time to time, to use of leverage and/or to use financial instruments.

These are ongoing areas in which anyone should be working upon without necessarily concluding that they need to perfect all of them or even to perfect any one category prior to being ready to start investing into bitcoin.. whether that is investing with their time, their energies and/or their finances.

Truly? I thought everyone knew by now that success doesn't magically fall into our laps. Still, I appreciate you pointing out the obvious


About your business point, it goes without saying that you must strong management abilities. All prosperous business owners will tell you the same thing. For those of you who might still be beneath the rock, here's a breakdown of Bitcoin: knowledge truly is power. Clearly. You cannot enter cryptocurrency without knowledge and expect to make money right away

Now, Is anyone still considering Bitcoin as a quick way to become wealthy? lol. Planting a money tree and watching it grow over night is not a magical experience. Therefore, perhaps do a reality check before attempting to turn a rapid profit with Bitcoin for those impatient types?

The simpler the better right? I hope you really do continue to follow the same ideology when you become a multi millionaire. It is said that money reveals someone’s true nature.
I agree with you on the need to have a positive outlook on life. Mistakes are bound to happen only when you make an effort and the lessons learnt from the mistakes makes us stronger. If you don’t try at all, there’s no chance of ever making a better life for ourselves.

Savings and investments are important as well as spending either time or/and money on your friends and loved ones as life can be very unpredictable.

You have a good point. Life can be easy when we don't force ourselves to be successful. We should try our best and live the rest. Sometimes, hearing the challenges of life can also be tough when we have nobody by our side, when we are still growing and in that same situation, some people make wrong decisions and it didn't end well for them and I will say that it is part of life.
If we have a job, whether good pay or average pay, it is good to save, invest and also spend wisely.

I invested bought bitcoin at ATH and i am terribly in loss now, but not gave up on bitcoin instead wanted to learn more and joined this forum. and learned many things, I am DCAing to get the average price now.

If you are running towards merits the merits will run away from you, instead try to learn and help forum members with sharing what you know, the merits will come automatically.
it's feels boring because some users come here specifically for earning merits, if you were here to learn something money/bitcoin then you were feeling curious to login to see who replied to my post.

Some of your points are really important. Achieving anything in life is not so easy. To get anything good one must achieve it through hard work. May it be a degree or a career field or may it be a person's biggest dream in life. In each case an individual has to devote sufficient effort and time. Almost all of us know that nothing can be achieved by sitting idly.

If I want to get good results from my business then I must have good business management skills and pay attention to the quality of my products and accessories only then I can get good results from my business.

The same should be considered for investing in cryptocurrency or Bitcoin. A person cannot easily profit from Bitcoin if he does not acquire good knowledge about Bitcoin. Bitcoin is not suitable for those who cannot buy and hold Bitcoin. Bitcoin is not a money scheme where we can get multiple profits just by investing. But only those who buy into bitcoin and start living a dream for a long time can succeed.

Nothing in life will come easily, the things we dream of will never come to us if we sit around waiting for them, we have to strive and work hard for them only then we will be able to fulfill our dreams. 
If we have a lot of focus on our career from childhood then surely we will do well in studies and whenever we do well in studies and get a good degree but we can easily enter our dream career. But it is never possible for those who only dream but do not take any action to realize their dreams. 

Studying or doing business you must do it carefully and have enough respect and respect for work only then you can get maximum results from that work or study.

I am keeping everything simple and will continue to follow the same mantra even if I become multi millionaire. You enjoy the life the way it comes to you. If you try too hard you will make mistake and if you do not try at all then it will hit hard back to you. Better keep managing the life events as they come to you. You got extra money today? Save some, invest some, and spend some for your loved ones. If you did not get any extra money still save some, invest some and spend “later” on your loved ones. They ain’t going anywhere, they also live the same life. The save and invest is the key in all of this.

I see you mentioning and correlating things with merit earning on the forum. I count it as appendix in the system. One of the organ that is in our body it has no function since ages and it’s getting rejected by the body. It’s just sitting there with no meaning.

If you are using forum for your knowledge and sharing your knowledge, you are automatically getting escalated.

Don’t make this as rat race, makes it simpler.

Not survival, our generation/time has the highest survival rate as a species compared to the different ages in the human history, we have cures for once incurable and almost mythological sicknesses/diseases back when science wasn't yet that advance, what we're struggling right now is finding purpose and trying to make a name for ourselves, with billions of us, I think it's going to depress anyone to think that some people will never find their purpose because they have to compete for ever dwindling resources. Also worth mentioning that with capitalism, everyone is trying to make things that was once free and taken for granted into a profit making machine so yeah, life ain't easy because we let it be.

Though you have a point there but sometimes do we have to also reconsider about some opportunities? That is, not all opportunities are Golden ones, there some that are merely trapped for you (us) to fall ino more victims of something we didn't have the knowledge of it.

Let's say for example, a newbie investor venturing into market at a New ATH what did you expect such person to have as a results, to me is a huge loose why because he didn't venture the market at the right time but just because he has information that market could possibly hit to an unpredictable amount made him to rush buying at a new ATH to me this is not a good entry point and he may incur significant lose within after that.

Okay another reference might be as you said during covid-19 your friend made money from it, yes this could be true but the risk behind this is very high why because you could get contracted as well and his life would had be in danger who knows if he might lost his life If not for God that sees the heart of all men and give rise to them.

The essence of this thread is an invitation for us to toil diligently, as in the journey of life, nothing can guarantee our success.

Have you ever encountered impoverished families residing in rural areas? They all exert immense effort to secure a sustainable livelihood. Yet, the cycle of poverty continues to haunt them. From my observations, there seems to be a deficiency in fundamental financial education. This is primarily because their mindset seldom revolves around cultivating their possessions; rather, they tend to focus on meeting their basic needs, with any surplus earmarked for fulfilling their desires.

Each family harbors a chain of poverty that persists unless a descendant of the lineage resolves to break it. Achieving their aspirations becomes an arduous task, given the ubiquitous need for financial resources. Furthermore, their journey is fraught with greater challenges than those of the affluent due to various constraints such as economic limitations, mindset, and environment.

Impoverished families require a more potent catalyst than those who enjoy financial sufficiency.

Yes, life has definitely become more difficult now, but you need to be able to see opportunities. The rules of a person who strives for success look like this:
1) be attentive
2) see opportunities and be able to create them.
That's all.
Let it be the time of a global global crisis, but I believe that there are always opportunities. You just need to always be able to adapt, think outside the box. Such qualities have been appreciated at all times, and even when there are armed conflicts or diseases in the world, even then there are people who strive to earn money and they succeed. I am not calling for breaking moral rules. But I'll give you an example: at the time of Covid-19, my friend earned a lot by selling medical masks and gloves. Covid-19 gave an opportunity, and this man took advantage of it because he thought critically and had a commercial streak.

I agree with you. I'm sure we can all agree that we all work and act to survive. The world is already challenging as it is, with the addition of wanting to reach various, unique, and different goals as well as outside factors it will seem as if the world is against us but, as you have stated, we will to survive. Hence, it is up to us to find a way to continue to do so. Each action, decision, and plans we make will disctate the state we will surely end up in. Therefore, we need to always have the drive to grow, to find any sitiation we are as a path made for us to survive, turn each situations (good and bad) as an opportunity to learn and be a better version of ourselves. Find a way to turn our small income to a bigger, slowly but steady. That is the never endling cycle of survival.

They have made success look very easy neglecting the challenges to accomplish it, every success have there own story. And movies have give some kind of sweet vibe of how things are easy. To make money sometimes some will actually motivate to put more effort. Reading your comments was encouraging and some times some part are just not easy to trail on, is demanding and effort must be put in to accomplish. Aside from that, the world has grown more challenging to live in.

We are currently living in the chapter of our lives devoted to survival as living things. Additionally, we are aware that survival is currently difficult; if we do nothing, we will undoubtedly perish from starvation. Whatever is going on in our lives, whether we like it or not, we still need to figure out how to turn a profit.

And even while we are aware that finding a way to turn a profit is challenging, God has also provided a number of answers to this problem. We simply need to put in a lot of effort. Bitcoin or cryptocurrency is one that we can also source in some way, just for us to get profits. Or it could also serve as a tool to help us succeed.

A planing without action makes no meaning, let's take for instance we have three set or stages of goals we want to reach out, planning alone cannot achieve those goals onles acting upon, also boiling it down to business perspective after having structured on what your business  will look like to achieve those structures action most be implemented immediately perhaps later on through action you will realize that there are more things that needs to be adjusted on the planning so in every planning action speaks volumes.

In this case I think it comes back to mindset because when we can't try to overcome and always avoid something that we think we can't do then forever we will never move from where you are currently living and you will eventually become stagnant and not add any achievements in life.

Indeed, sometimes we think that actually we can't do it we are confused about where to start but in my opinion as long as we dare to try to step into a zone that we consider difficult it is actually an important first step that must be done because it is a brave step to get out of your comfort zone and dare to try new challenges.
Put aside the results first because in the end nothing is easy to achieve maximum results but when we are serious about doing something that we have considered difficult before I think it will be considered easy when we have tried.
The point is how to habituate yourself when facing pressure because in this case if your thinking is narrowed with the assumption that you cannot then forever it will be considered difficult to pass because you close the limits that you should be able to pass.

I understand what you have explained, but a little addition from me is that everyone has different thoughts, and that is why some of them were able to achieve success earlier compared to us, the strong reason is because they stuck to their guns and had determination. To continue trying to follow up on every choice they implement.

For example, if you joined the Crypto World in 2016 and someone else joined in 2017 but there is a big difference in the level of success where someone who joined in 2017 is more successful than you. So at this stage you can evaluate why he can be successful and why we can't. Maybe if you have a history of buying BTC, of ​​course you can buy at a lower price because you joined in 2016. But someone who joined in 2017 bought BTC at a higher price than the purchase you made, but for comparison now they are more successful than you. This is due to factors, because they follow up on the development of Bitcoin from year to year so they believe Bitcoin will achieve greater profits if it is held for a long time. While those of you who bought at that time were only satisfied with a small profit because you sold your BTC holdings more quickly.  (that's perhaps the level of evaluation that must be adjusted for your future) namely buy and hold.

Well, that's a little conclusion that I can explain and I think I agree with Op because all success doesn't happen overnight and there are a lot of processes that have to be gone through. So do it with determination and full confidence in what you want to achieve in the future.