With the name of Allah Almighty and Assalam o Alaikum to my respected readers I want to say,
Creating wealth is a multifaceted concept, but I'll provide some general principles and illustrate them.
Here are some secrets to creating wealth.
1. Early Adoption and Long-Term Perspective
2. Understanding the Fundamentals
3. Diversification and Risk Management
4. Dollar-Cost Averaging
5. Staying Informed but Avoiding Emotional Decisions
6. Network Effects and Community Engagement
7. Regulatory Awareness and Compliance
8. Continuous Learning and Adaptation
best of luck
KINGs100
Topic: The secret to creating wealth... (Read 640 times)
... is not a secret.
That's it. It's all about delayed gratification. The hardest part is to actually hold it. Bitcoin has an addressable market cap hundreds of trillions of dollars worth more than it currently does. Don't be the guy who traded it with a 99% discount.
It amazes me how difficult it is for some people to grasp that.
- Do your job. Innovate, produce, make money.
- Trade your fiat currency for the scarcest asset.
- Hold the scarcest asset.
That's it. It's all about delayed gratification. The hardest part is to actually hold it. Bitcoin has an addressable market cap hundreds of trillions of dollars worth more than it currently does. Don't be the guy who traded it with a 99% discount.
It amazes me how difficult it is for some people to grasp that.
A lot of People are deeply concerned about their finances,but it'll be so unprofessional and unreasonable that anyone giving such landmark advice is not an ambassador of what he/she is representing.I know in this forum everybody has one or several alternatives to wealth creation and management that works perfectly for them.
Meanwhile,People usually say Bitcoin investment is not for everyone,but alas,don't stop thinking on how to create wealth.Always choose financial independence over financial dependence.
There are good alternatives like investing in a casino's bankroll. Very few allow it anymore and most are trying to do away with buying stakes (same scam). However I do feel having the major chunk of the bitcoin in wallets safe and sound not being risked on places that I dont have control.
Risks are always there in any place we go. It is just how we deal with it.
Risks are always there in any place we go. It is just how we deal with it.
Cold wallets all the day
Only the funds that you would need to convert on the exchange do need to be on it, others - away from centralized entities. 
Hey, I've done it and it hurts me when you say we deserve it. 
However, I'm done with that so I am free now.
Hope you learnt your lesson from that pain and will not be taking part in any such schemes in the future in any new form or disguise.However, I'm done with that so I am free now.
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But there's indeed a risk in it. Instead of holding it in our wallets and having the freedom not to tie it down with these centralized platforms, still many still chose to do it because of the term of "earning passively".
There are good alternatives like investing in a casino's bankroll. Very few allow it anymore and most are trying to do away with buying stakes (same scam). However I do feel having the major chunk of the bitcoin in wallets safe and sound not being risked on places that I dont have control.Risks are always there in any place we go. It is just how we deal with it.
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While other people lost their coins due to staking in centralized sites.
Yeah those people who stake coins, deserve it. However, I'm done with that so I am free now.
But there's indeed a risk in it. Instead of holding it in our wallets and having the freedom not to tie it down with these centralized platforms, still many still chose to do it because of the term of "earning passively".
Sounds nice but the risk is very much high whatever happens to that centralized platform.
I agree that there is no secret in creating wealth. Maybe some are able to make use of the opportunities and resources available but it’s hardly a secret.
Wealth can also mean a small amount of money and anyone can make it easily. So yeah, it is not a secret anymore. As for the big amounts, there are still information on how we can attain them but it is just not easy, that it makes some of us think that there is a secret that only rich people know and they are hiding it from us. Having an open opportunity and resources are a great thing already and they can be rare, so we must not take them for granted.It’s not just about the scarcity of an asset. There should be value or purpose. Otherwise you are holding something no one wants to buy now or ever. Learn how to identify a potential profitable asset and acquire it quick and soon before anyone else.
The first thing that came into my mind when you say scarcity, is the supply of the coin. There are coins that are low in supply but indeed that it doesn't mean they are now as good as Bitcoin, which also has a low in supply. It's only interesting that even those coins which has a very huge number of supply, like the meme coins for example can still pump effortlessly. This means that other factors are important too and we must watch them out.By holding, your wealth in the future will just increase. You might not be rich now but you will be in the future and this should be enough motivation for anyone.
Holding is not simple as that. You even said that we may not be rich now and that can cause us a burden actually. It also means that our asset can drop and this gives us an even strong negative emotion. This is the reason why not all are motivated to HODL. It is either they know it and visualize it, or they already experience the process. 
... is not a secret.
That's it. It's all about delayed gratification. The hardest part is to actually hold it. Bitcoin has an addressable market cap hundreds of trillions of dollars worth more than it currently does. Don't be the guy who traded it with a 99% discount.
It amazes me how difficult it is for some people to grasp that.
It's not really that easy. On paper, it sounds easy but there are many things to consider, like family problems, health problems, stress, depression and so on. Bitcoin is simply one way to create a wealth but there are hundreds of other ways.- Do your job. Innovate, produce, make money.
- Trade your fiat currency for the scarcest asset.
- Hold the scarcest asset.
That's it. It's all about delayed gratification. The hardest part is to actually hold it. Bitcoin has an addressable market cap hundreds of trillions of dollars worth more than it currently does. Don't be the guy who traded it with a 99% discount.
It amazes me how difficult it is for some people to grasp that.
I think that it's a little late today to expect something amazing from Bitcoin because it's already very high but I don't say that there isn't room for improvement, no, there is but not like it was before when it went from a few dollars to a few tens of thousands. But it's definitely still a very good option.
You know, it's hard to talk about secret to creating wealth when someone sells a duct-taped banana for 6.2 million dollars. This world is insane.
For a financially savvy person it is not a secret, but for many people who have a vague idea about finances, it is a secret.
If someone is really interested in what is money, how does money work, what is inflation, what is investment and so on, then they should know the Bitcoin because it's not 2008 anymore and there are tons of information about Bitcoin, it's free to use Google. Sorry but no one will come at someone's door and knock. Unfortunately not many people able to be in this path.
Not everyone is supposed to become rich - right? They are rich because the others are poor. 
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Most people abandon Bitcoin and choose to invest in shitcoins because they feel Bitcoin is too late to make profit.
That hurts to see because potential investors are being lost that way. We can also help the horse to the pool not make it drink, so dont bother about it but always advice what you feel about shitcoins to newbies.Quote
Some people fell to ponzi scheme or any other project that claimed to be Bitcoin investment, which make them trauma to invest in Bitcoin.
Indeed one of the reasons of resistance towards bitcoin. Like a bad event in childhood, it will haunt them. Cant help much but allow them to explore bitcoin once again.Quote
While other people lost their coins due to staking in centralized sites.
Yeah those people who stake coins, deserve it. 
it's that (if we take this forum as an example) people are simply forced to spend their BTC for living costs and cannot afford to keep them long-term.
I get that, but many people don't live paycheck to paycheck, and leave some funds as savings. For those who choose to put their savings into fiat currency, it is just extremely dumb to leave them lose their value around 50% every 5 years. If we were to look at the global distribution of wealth, then we can say that apart from the US, the Western EU, Canada, Japan and the UK, all others are not in a position to afford to save in the long term, and especially to invest in Bitcoin, which many do not understand at all. I don't know if there is any data anywhere that would show how much an American or Japanese person saves per year on average compared to someone from Argentina or India, but it seems to me that we would find very big differences.
Many of us understand what it represents today, though. It undermines its value to describe it merely as a "currency" for internet purchases. It is much more than that, and I believe the most important aspect is that it allows people to save for the future; especially for those of us who experience it before it becomes a global reserve asset. Not only can we save, but we can also grow our capital over the long term by a factor of 100x.
And all you need to do is to just hold it.
And all you need to do is to just hold it.
I agree to some extent, I also use BTC as a hedge against inflation and it has proven to be superior to anything else so far - because in about 10 years I turned an invested $200 into almost $100k and I think many people find it hard to believe that such a thing is even possible. However, if I went back in time to check how much BTC I spent during that time, I certainly wouldn't get a small number, but even though I understand that I could be even richer today if I were just holding it - I still don't regret it because I believe that BTC should preserve its primary function, which is to use it as a currency from time to time.
There are no secrets to creating wealth; you are either smart or foolish in life.
You can acquire knowledge, but no one can teach you to be smart. Moreover, no amount of knowledge will help if you act foolishly.
/Over&Out.
You can acquire knowledge, but no one can teach you to be smart. Moreover, no amount of knowledge will help if you act foolishly.
/Over&Out.
Unfortunately not many people able to be in this path.
Most people abandon Bitcoin and choose to invest in shitcoins because they feel Bitcoin is too late to make profit.
Some people fell to ponzi scheme or any other project that claimed to be Bitcoin investment, which make them trauma to invest in Bitcoin.
While other people lost their coins due to staking in centralized sites.
Most people abandon Bitcoin and choose to invest in shitcoins because they feel Bitcoin is too late to make profit.
Some people fell to ponzi scheme or any other project that claimed to be Bitcoin investment, which make them trauma to invest in Bitcoin.
While other people lost their coins due to staking in centralized sites.
- Trade your fiat currency for the scarcest asset.
And some people will choose to trade their bitcoin to get more Fiats, isn't that foolishness?. The Fiat is no longer bringing monetary solutions to humanity, neither is it ending inflation that has crippled the world economy but yet some persons just want to die with the mentality of keeping more Fiats than bitcoin in their possession. As the price of bitcoin is skyrocketing, that is how it's value is increasing and it's affordability is also reducing and becoming difficult for many to buy. Why won't those who are lucky to own it when the price was cheaper, HODL it.
It is crystal clear that bitcoin is becoming more of store of value than being traded or used for transactions because if it is being stored and the price gets to an incredible milestone in the future, the HODLERS may have created generational wealth for themselves depending on how much of it they have acquired and hold in their custody. Why don't we hodl an asset that have the potentials to turn us into millionaires when we hodl for long term future growths. It baffles me when people who earns in Fiats trade their bitcoins instead of them to use their Fiats and buy more bitcoins to their holdings.
It remains a secret for many who have not found the scarcest asset, even when they have found it the next question is whether they have enough ability to start investing because there are many who even to meet their daily needs still have difficulty, let alone start investing even though they have worked hard enough and it is difficult to invest when the main needs have not been met.
But for many members in this forum they should have been able to do what Op said, even if they do not hold all their Bitcoins at least there is something to hold for the future.
But for many members in this forum they should have been able to do what Op said, even if they do not hold all their Bitcoins at least there is something to hold for the future.
It's difficult for some people to grasp this because it is indeed difficult. In most places in the world, even making money itself is difficult enough. Trading for scarcest asset is good. A week later, the scarcest asset is traded back to fiat with a loss to pay unforeseen bills.
I guess Bitcoin indeed isn't for everyone, at least as an investment. And perhaps the most important of all from what's listed above is to make money. Bitcoin investment only applies when one has enough surplus. So, create surplus first.
I guess Bitcoin indeed isn't for everyone, at least as an investment. And perhaps the most important of all from what's listed above is to make money. Bitcoin investment only applies when one has enough surplus. So, create surplus first.
Is to never stop creating your wealth. Hard work and patience are a must. There’s no instant way to success so you have to focus on the process until you start see things in progress. Right then, if you continue to maximize your limitless opportunities and make the best of it, not only you will create your wealth at the moment but also you will secure your future finances. Consistency is the key. You can rest but never stop in the process.
Remember everything has it's price.
If you delay your gratification, you will miss your childhood to spend more time with your family, going out with your friends, enjoy the moments etc. When you're old enough and rich, you will say "damn, money is nothing, I want to trade everything to go back when you were young".
Delaying gratification doesn't mean you will suffer your family for tomorrow's success; you can still pick up the few things you can sacrifice and deprive yourself of in order to get that desired result you want in the future.If you delay your gratification, you will miss your childhood to spend more time with your family, going out with your friends, enjoy the moments etc. When you're old enough and rich, you will say "damn, money is nothing, I want to trade everything to go back when you were young".
If you are earning very well, you can give your family an average life, provide what they need, and deny things that are extremely unimportant, like luxury properties, which you can live without. Denying yourself of luxury alone is something many are not ready to do when they have the finances to fund that.
It amazes me how difficult it is for some people to grasp that.
It's normal human nature. It's hard for us to plan ahead for more than a few years. We feel that it's going to be worth more, but 5 or 10 years feels so distant that most people don't want to commit.
It's the same with many business opportunities. How many people can enter a business that will make them money in 10 years but they decide not to because it feels like such a long period of time that they're afraid they're going to need the money much sooner.
I've been holding bitcoin for almost 10 years and it feels great. Once you make it through a whole cycle it gets much easier. It's only hard when you're even on your investment or down a bit. When you're at a huge loss you say "fuck it" and stop caring and it's pretty much the same when you're up by a lot.
... is not a secret.
That's it. It's all about delayed gratification. The hardest part is to actually hold it. Bitcoin has an addressable market cap hundreds of trillions of dollars worth more than it currently does. Don't be the guy who traded it with a 99% discount.
It amazes me how difficult it is for some people to grasp that.
It's not as easy as you make it. First of all, if you are not from an educated or rich family, your chances of achieving success are very slim because you grew up in a place that makes everything hard for you. The mentality of parents isn't good, your connections are bad and etc... This is the case with 99% of people who grew up in such a place.- Do your job. Innovate, produce, make money.
- Trade your fiat currency for the scarcest asset.
- Hold the scarcest asset.
That's it. It's all about delayed gratification. The hardest part is to actually hold it. Bitcoin has an addressable market cap hundreds of trillions of dollars worth more than it currently does. Don't be the guy who traded it with a 99% discount.
It amazes me how difficult it is for some people to grasp that.
Second of all, people don't know what trading is. I'm from a developing country, and trading and forex are new words that we heard recently while the rest of the USA is doing all of this since the 20th century. Even in my generation, 90% of young people don't know what it is.
Holding an asset comes with knowledge. Sadly, I sold lots of coins in 2016-2017, because I was young with no knowledge of the economy and how things work in this world but since then, I focused on my mentality to keep patience and hold coins. in 2020, when I saw a bull run again, I became sure that holding of Bitcoin and investing in some altcoins with a big potential is a road to success and today it makes me very happy that I've come this far. I'm not rich but when I compare current days to my past days, I'm proud that I stand here, where I am.
It amazes me how difficult it is for some people to grasp that.
It's all about the long term vision and the ability of holding on to the asset with the most potential. Bitcoin's market cap is huge, and the key to making the most out of it is having patience and discipline to hold onto it for the future. It can be tough to adhere to this discipline and also resist the temptation to sell too early. Delayed satisfaction is the game when it comes to investments like Bitcoin and other cryptocurrencies. It is definitely a strategy that requires a strong mindset and the willingness to ride out through the ups and downs.2 reasons for this impatience
1. whomever told them about bitcoin done the get rich quick advert rather than true investment advice
The get rich quick advert promotes very high expectations from new investors, the high expectations contribute to the impatience. 1. whomever told them about bitcoin done the get rich quick advert rather than true investment advice
People forget that they have to make money first in order to buy BTC or make any investment, that is why you can see people asking questions like how they can make money from BTC, even when they are jobless and they are not making any money in real life. BTC is not a get rich quick scheme, you have to buy BTC with money you have already made or you need to have a skill or knowledge you can offer and earn BTC as payment
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