Wealth method in this world | Bitcointalksearch.org

dezoel

legendary

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Quote from: Jating on July 24, 2024, 03:05:39 AM

Lol, it's not that easy as you put it, and what does the feed has to do with it. Regardless, if you really wanted to grow your money, then yes it's better to invest when you are still very young. Stocks in those early years and now that we have crypto, specifically Bitcoin, then that where everyone should put their money or at least diversify your portfolio and mix it up with crypto and stocks.

And in the end if the Fed prints more money, devaluing everything, at least you have put your money in investment and it can protect from inflation. But first things first, you need that money in your pocket to invest. So it's better to start to look for a good job and then later when everyone is going at party and throwing their money, you are secretly and slowly investing your hard earn money.

That is literally the best reason to have bitcoin investment, you are going to end up with something that will not be ruined because of some others. FED could ruin dollars, and other countries have their version of fed, and they can ruin those fiat currencies, and governments and political leaders all could ruin everything. Whereas, there is nobody that can ruin bitcoin, it's great and it will stay great and nothing will happen to it. I guess that's the important case, we should realize what could happen and it will not be too simple, we need to wait for that to happen.

We are going to end up with something serious, it is going to take a while, and because of that I think we need to keep on investing into bitcoin if we are being serious with our money as well. If we do that, then nobody could ruin our investment, and the asset we have will make sure that it is going great, and nothing will happen to us.

This is a great situation and I highly suggest it, and could make some good returns in the end as well. Of course it is not that simple, we may face some bear periods as well, but we need to just keep hold during that period and DCA, that way we can get out of that situation with bigger profit.

Yatsan

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Quote from: Mrbuck on July 20, 2024, 10:46:13 AM

You don't need be genius for this
Buy the asset and wait for fed to pump
They always say they don't pump and print money but if they tell honestly then too many people Will buy assets early markets don't work like that everybody can't be early
Don't belive Powell talk too much he Will pump Because he invest Also and his friends they don't know how else they can survive they never done anything else then just investing and wait for lower rates.
So invest and wait for fed they give you money it's free money literally take it and enjoy and let others pay the cost of inflation you just enjoy the inflation and invest

Well if I may add, strategies of buying assets and waiting for the Federal Reserve to implement policies that could increase asset prices are based on the expectation that the Fed will act to stimulate the economy, such as lowering interest rates or intervening in quantitative easing easily, the idea is that investing in these assets earlier can provide higher returns since the prices of assets increase with the fed's decisions. The frequent result of the debate that I have read on the Fed's statement is the belief that central bank officials, including Chairman Powell, can do more than is perceived by the public, which would improve prospects. While this approach could be profitable if the Fed's actions are in line with the expectations that the markets have, it also bears risks such as volatility and the intervening capacity of the Fed not able to meet forecasts. Such measures must also be responsive to the wider economic repercussions of policies, let alone their inflationary impact on the economy.

lizarder

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Quote from: fullhdpixel on July 30, 2024, 09:54:52 AM

But, being a genius is a good advantage because that makes it easier for us to understand and adapt to the things that needs to be done. You said buy the asset and wait for the FED to pump it. See? You didn't even specify it if which asset was that. So if we are not knowledgeable enough, how can we even figured them out? And how we will know the best time for it for us to buy?

If we can just buy at random time, it may not be a good discount and then it can take forever to wait for the FED actions, if this is the only thing that we are up to. I'd say because there are still more than that here in crypto and it's better if we can also focus at them, in order for the ball to keep rolling.

Sometimes being too genius will hinder someone from getting involved in investment because there are too many considerations to start. Just look at people who are successful in investment or trading and most of them are not geniuses but people who dare to face risks and dare to be under any pressure. Geniuses have more considerations and I think they are less suitable for investment or trading. All that is needed in investment and trading is the ability to analyze the journey of the coin itself and understand the journey of the market for the coin that you want to invest in or trade.

Strategy, the right time and understanding how to minimize risk will help us succeed in investment and trading. While other technical and fundamental knowledge can be learned even though we are not one of the geniuses. Sometimes we often belittle ourselves even though our abilities can be improved by continuing to learn. Everyone has the same opportunity to achieve success but it depends on hard work and completion.

Farma

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Quote from: Princess Leah on July 25, 2024, 06:02:32 PM

Experience they say is the best teacher and once someone is fully experienced about some certain investment, it gives such person more ideas to note possible risks and how to avoid them, experience helps one to overcome obstacles in their choices of investment plans because by then they're already aware of them due to information gathered.

Yeah I agree to that, a good investor must know that there's no investment plan that's got no risk, but with the experience they've gained through various areas, be it through research or advise from other investors who’re successful in the particular investment then they'll be able to minimise the risk involved in the particular investment and also rushing into a making an investment without proper knowledge and planning is a very big risk factor involved in an investment.

When someone makes the experience they get as a lesson to avoid their mistakes in the future, of course this will make them continue to learn and correct the mistakes they have made so that they will be able to achieve success in the investment they make and everyone who has understood the risks of investing of course they will first do an in-depth analysis before deciding to invest, of course this will make them able to make the right decision to be able to get the best results on what they will invest in and also they will never make hasty decisions that make them unable to get good results on the investment they make.

Princess Leah

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Quote from: fullhdpixel on July 30, 2024, 09:54:52 AM

But, being a genius is a good advantage because that makes it easier for us to understand and adapt to the things that needs to be done. You said buy the asset and wait for the FED to pump it. See? You didn't even specify it if which asset was that. So if we are not knowledgeable enough, how can we even figured them out? And how we will know the best time for it for us to buy?

If we can just buy at random time, it may not be a good discount and then it can take forever to wait for the FED actions, if this is the only thing that we are up to. I'd say because there are still more than that here in crypto and it's better if we can also focus at them, in order for the ball to keep rolling.

Statements like that is the reason why most new crypto beginners have fallen victims to pump and dump coins, cause they won't take their time to ask questions and adapt into the system so they'll know the right coins to buy and hold but would just go into the market and buy any coin with hope that it would be pumped by the FED. That's why ignorance they say is a very bad thing, it has made lots to people to make errors that could've easily been avoided.

So it would be nice to be very specific when making Statements concerning Cryptocurrency investment cause their are many Newbies here that could rush into the market upon hearing such Statements invest in any coin they feel has value for that particular moment, I believe there are lots of good Cryptocurrencies asides the most promising one which is bitcoin however it's good to specify that new investors shouldn't just invest on any random coins.

fullhdpixel

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Quote from: Mrbuck on July 20, 2024, 10:46:13 AM

You don't need be genius for this
Buy the asset and wait for fed to pump
They always say they don't pump and print money but if they tell honestly then too many people Will buy assets early markets don't work like that everybody can't be early
Don't belive Powell talk too much he Will pump Because he invest Also and his friends they don't know how else they can survive they never done anything else then just investing and wait for lower rates.
So invest and wait for fed they give you money it's free money literally take it and enjoy and let others pay the cost of inflation you just enjoy the inflation and invest

But, being a genius is a good advantage because that makes it easier for us to understand and adapt to the things that needs to be done. You said buy the asset and wait for the FED to pump it. See? You didn't even specify it if which asset was that. So if we are not knowledgeable enough, how can we even figured them out? And how we will know the best time for it for us to buy?

If we can just buy at random time, it may not be a good discount and then it can take forever to wait for the FED actions, if this is the only thing that we are up to. I'd say because there are still more than that here in crypto and it's better if we can also focus at them, in order for the ball to keep rolling.

ancafe

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Quote from: Princess Leah on July 25, 2024, 06:02:32 PM

Experience they say is the best teacher and once someone is fully experienced about some certain investment, it gives such person more ideas to note possible risks and how to avoid them, experience helps one to overcome obstacles in their choices of investment plans because by then they're already aware of them due to information gathered.

Yeah I agree to that, a good investor must know that there's no investment plan that's got no risk, but with the experience they've gained through various areas, be it through research or advise from other investors who’re successful in the particular investment then they'll be able to minimise the risk involved in the particular investment and also rushing into a making an investment without proper knowledge and planning is a very big risk factor involved in an investment.

We often belittle ourselves and seem incapable of running, whereas when we learn from all the experiences that exist, we will definitely get the real experience. Why can experienced people always face risks because they have gone through many processes so that the risk becomes a lesson for us to continue to improve. Every investment certainly has a different level of risk and from experience we learn to minimize the risk. Investing in Bitcoin does have a risk of loss, but if invested correctly, the risk can be minimized.

Learn to understand investment and understand its journey so that we know what to do, Bitcoin has a recurring cycle where sometimes corrections and recoveries occur. When we understand, it will be much easier to control ourselves so as not to get caught up in panic that results in losing money. Knowledge, calmness and experience will give us the strength to see problems and will make us correct these mistakes into an advantage.

Iranus

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Quote from: Questat on July 25, 2024, 03:58:51 PM

Quote from: Iranus on July 25, 2024, 07:07:58 AM

No one said getting rich is easy, what OP is talking about is offering methods of getting rich and investing is really the best solution for us to become rich, in my opinion. Indeed, investing is not the only path to wealth, but it cannot be denied that it gives us more opportunities to become rich than any other path. But equally important is choosing assets and fields to invest in, we need to invest in the right assets and at the right time, not invest in junk and expect it to bring us wealth. Since we are on the bitcoin forum, I will suggest we invest in bitcoin.

More than saving up, investing is the most proven method to get rich in the process. Regardless of the amount of capital, as long as you end up with the right investment, you will definitely make bigger returns in time. But of course, being knowledgeable and skillful are the keys, without these, you may invest but won’t make good returns in the end. Just like in bitcoin, or in real estate or stocks, if you don’t have even a little knowledge on it, you will never achieve your target goal but may only lose your funds at the end of the day.

Saving has never been considered a way to become rich even if we spend our whole lives saving, saving is only useful for emergencies and daily needs.

Investing will not 100% guarantee that we will be rich because it depends on many factors such as skills, knowledge, experience, vision and asset type...We need to combine them together, not invest with an empty head and dream of getting rich.

I don't have any advice on the most effective way to invest because I think each of us is different in many things from capital, knowledge, strategy, circumstances...No one is the same, so invest according to our abilities instead of imitating others. There are millions of ways to be successful and we should follow our own path to success instead of imitating others.

Princess Leah

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Quote from: eightdots on July 25, 2024, 05:02:52 PM

Having experience and knowledge makes investing easier. It allows us to have an idea about choosing an investment vehicle and how long to wait. Conditions in the market can always change and the usefulness of some information can be questioned, but experience makes it easier to overcome difficult situations.

Investment also brings risks, but good research and the experience you gain in the market will be beneficial in reducing risks. The limits of investing can be determined with good research without rushing.

Experience they say is the best teacher and once someone is fully experienced about some certain investment, it gives such person more ideas to note possible risks and how to avoid them, experience helps one to overcome obstacles in their choices of investment plans because by then they're already aware of them due to information gathered.

Yeah I agree to that, a good investor must know that there's no investment plan that's got no risk, but with the experience they've gained through various areas, be it through research or advise from other investors who’re successful in the particular investment then they'll be able to minimise the risk involved in the particular investment and also rushing into a making an investment without proper knowledge and planning is a very big risk factor involved in an investment.

slapper

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Low interest rates and stimulus can certainly cause asset values to rise, but it is not actual wealth. It's like chasing a sugar high; you feel good for a while, but there's always a crash.

Real riches is about knowing the game, the ridiculousness of it all, and then moving deliberately and wisely. It's about spotting underpriced assets, running risks, and yes,even knowing how the system is rigged. Still, it goes beyond mere exploitation, guy. It's about applying knowledge and tools to produce something significant. Be not a sheep, mindlessly following the herd. See for yourself. Examine everything. Furthermore keep in mind that investing goes beyond simply earning money. It's about applying your means to influence the world favorably

eightdots

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Quote from: GeorgeJohn on July 25, 2024, 01:53:51 PM

I know very well that investment gives a lot of profit if you have already known the rudiment of the particular investment you are venturing into because it is obvious that not all investment that yield a profit, so therefore you have to make a proper research for any investment that you are about to venture into before you invest on it I know the longer you invest for any of the Investment of your choice the more you get experience to make a profit and they also lose in the same time so that is why it is good to invest and the many people say that investment is all about risk and that definition is still evoke based on investment is all about risk measure

Having experience and knowledge makes investing easier. It allows us to have an idea about choosing an investment vehicle and how long to wait. Conditions in the market can always change and the usefulness of some information can be questioned, but experience makes it easier to overcome difficult situations.

Investment also brings risks, but good research and the experience you gain in the market will be beneficial in reducing risks. The limits of investing can be determined with good research without rushing.

Questat

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Quote from: Iranus on July 25, 2024, 07:07:58 AM

Quote from: Dunamisx on July 23, 2024, 03:06:32 PM

Getting wealth is not what need to be just said by ordinary words of mouth, we need to work out some actions and put some things in place with some additional efforts over time in making wealth a reality, we cant get rich overnight, but it requires time and consistent efforts for us to get to where we are aiming to reach in life, there must be a service or something valuable that will be the reason or source behind the wealth creation of individuals.

No one said getting rich is easy, what OP is talking about is offering methods of getting rich and investing is really the best solution for us to become rich, in my opinion. Indeed, investing is not the only path to wealth, but it cannot be denied that it gives us more opportunities to become rich than any other path. But equally important is choosing assets and fields to invest in, we need to invest in the right assets and at the right time, not invest in junk and expect it to bring us wealth. Since we are on the bitcoin forum, I will suggest we invest in bitcoin.

More than saving up, investing is the most proven method to get rich in the process. Regardless of the amount of capital, as long as you end up with the right investment, you will definitely make bigger returns in time. But of course, being knowledgeable and skillful are the keys, without these, you may invest but won’t make good returns in the end. Just like in bitcoin, or in real estate or stocks, if you don’t have even a little knowledge on it, you will never achieve your target goal but may only lose your funds at the end of the day.

GeorgeJohn

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I know very well that investment gives a lot of profit if you have already known the rudiment of the particular investment you are venturing into because it is obvious that not all investment that yield a profit, so therefore you have to make a proper research for any investment that you are about to venture into before you invest on it I know the longer you invest for any of the Investment of your choice the more you get experience to make a profit and they also lose in the same time so that is why it is good to invest and the many people say that investment is all about risk and that definition is still evoke based on investment is all about risk measure

jaberwock

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Quote from: Faisal2202 on July 24, 2024, 01:14:49 AM

Which fiat do you specifically prefer to hold for the long term, if it's the US dollar then some people might not agree with this because stable currencies are not good for long-term holdings. But BTC is the best form to keep your funds in for a longer period of time. If power talks about too much or someone else then don't just follow others and it's not because they are also filling their own pockets and making money but because you are smart don't have to be a genius like Murphy the Good Doctor, but must have some common sense of things to make good decisions and to take early action when needed.

Don't live with regrets of investments you made move on and find more investment opportunities and don't forget to diversify your investment.

Fiat is a general term for all traditional currencies. It's already understood when he said that. Also, there are no highly volatile fiats but it was only the cryptos who has that kind of function. That is because fiats have an unlimited amount of supply and cryptos has limited, plus they are also decentralized, although I think this already has to do with the supply that they have.

In the crypto world, we also have stable coins here and CBDC's which basically works like a fiat though I think the only difference is that they run in the Blockchain, so they can be more transparent and trusted. There is a reason to HODL them, like for example if we are an investor, we can ready them already, just in case a dip comes and we will now use them to buy more cryptos. They can also be good for savings, spendings, and many more..

We can also stake them and put them in a bank to earn an interest. They are only an addition but the main dish would be if we want to earn a real profit is by investing in risky and highly volatile assets like Bitcoin. There are people who likes to lead the others but their intentions are pure and clean, although we must still be careful because the majority of them are only like you said. They will only use us for their own personal gain.

Iranus

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Quote from: Dunamisx on July 23, 2024, 03:06:32 PM

Getting wealth is not what need to be just said by ordinary words of mouth, we need to work out some actions and put some things in place with some additional efforts over time in making wealth a reality, we cant get rich overnight, but it requires time and consistent efforts for us to get to where we are aiming to reach in life, there must be a service or something valuable that will be the reason or source behind the wealth creation of individuals.

No one said getting rich is easy, what OP is talking about is offering methods of getting rich and investing is really the best solution for us to become rich, in my opinion. Indeed, investing is not the only path to wealth, but it cannot be denied that it gives us more opportunities to become rich than any other path. But equally important is choosing assets and fields to invest in, we need to invest in the right assets and at the right time, not invest in junk and expect it to bring us wealth. Since we are on the bitcoin forum, I will suggest we invest in bitcoin.

SmartGold01

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Quote from: Apocollapse on July 23, 2024, 06:39:42 AM

Also don't forget if you not invest a lot of money, even the asset rise 100x from the amount you invested, you will not be rich.

To get rich you need so many privileges, the most important privilege is having parents who raise you very well since you baby, unfortunately not many people were raised well.

Every one or anyone who invested got their rewards according to the percentage of what you invested, let say if someone Invested 10$ and the asset reads to 100% he would only end up gaining back additional 10$ that is to say he the investment only yield back 10$ in return of 20$.
Now, if the amount is being tripled or let say the person invested 100k that means they gonna have back additional 100k to sum it upto 200k as total amount profited from their investment. And of during investment vast majority of people only go with the lower tie which they can afford to lose and anyone who invested above what he can lose is someone who never sort for the money or are too greedy.

CageMabok

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Quote from: Mrbuck on July 20, 2024, 10:46:13 AM

You don't need be genius for this
Buy the asset and wait for fed to pump
They always say they don't pump and print money but if they tell honestly then too many people Will buy assets early markets don't work like that everybody can't be early
Don't belive Powell talk too much he Will pump Because he invest Also and his friends they don't know how else they can survive they never done anything else then just investing and wait for lower rates.
So invest and wait for fed they give you money it's free money literally take it and enjoy and let others pay the cost of inflation you just enjoy the inflation and invest

You advise everyone to be confident and invest without listening to what other people say under certain conditions and I also quite agree with this. But in whatever conditions and whatever trends, I just want to ensure everyone is in a more appropriate investment, namely Bitcoin investment and also more useful real estate assets. Because currently there are many unclear investments still hanging around out there offering more profits without showing the real facts to everyone. Meanwhile, for Bitcoin investment, it is quite clear that it can provide more profits and can also save its holders from the inflation that has occurred so far.

Zeeloth

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This is an extremely skeptical interpretation of how the business sectors and the Central bank work. While it could appear to be a straightforward methodology to simply purchase resources and trust that the Fed will siphon cash into the framework, it's memorable's essential that contributing generally conveys gambles. Depending with the understanding that the Fed will continuously rescue the business sectors is definitely not a secure technique. Market elements are impacted by many variables, and there's no assurance of free cash. It's essential to do careful exploration and grasp the more extensive financial setting prior to settling on speculation choices.

maydna

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You needs to have a strong will to works hard and smart so you will have more chances to be rich. Without that, you will not sees your chance and you can be lazy because you don't see that you have the chance to rich. This happens to many people when they trade and they just follow other people and hopes they can rich in a short time but the way is not like that because being rich is something that we need to work on.

We must realizes we needs to learns about trading or investing so we can know when we can start. If you want to invest, you can use DCA method because that way helps many people and they can rich from investment. You must also remember that in investing, you can use the money you can afford to lose so you will not lose all of your money and you can still survive in your daily life.

shinratensei_

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the classic wait for the price to dump so deep it becomes too undervalued and just wait it out always works.

current stock market is having correction but not deep enough, once it becomes deep enough it's time to buy, same thing with bitcoin if there's any correction we can always DCA at that time and reduce the average cost.
but the best time always when the people are so afraid they just do panic selling and there's this really long dump candle at that time it's more likely the best time to buy, also when the fud is so many floating around the media, it's the best time as well, just don't get swayed and become panic instead if the price dump further, its akin to catching falling knive but even the deepest dips will have an end.

Topic: Wealth method in this world (Read 392 times)