Topic: You want to earn the same income like other, do what they are doing . (Read 872 times)

It's because of this mindset we now have thousand of meme coins because people want to put  $100 and get millions. Some people are trapped with the stories of how an investor put $1 and turn the money into thousands of dollars, even when you tell them that the orientation they have about crypto investment is bad, they will never listen to you and this is why you see meme coins have millions of market cap, people flooding there just to make money.

This is also the reason why we now have scams everywhere in crypto space. People want to make quick money when they have less investment power and because scammers know how greedy people has been, they end up loosing everything they have invested in crypto and when it doesn't favour them or lose everything to scam project, they say crypto isn't the right place to invest when it was them that never made the right investment choice.

Yeah, capital management is not a simple thing and a lot of people do end up with mistakes, so we should be more careful about it, I understand that it may not feel the same way at all times, but it's clear that we are facing some issues when we are not careful so capital management is something that needs to be done with a lot of care, and it can make it a lot better. I believe that the best thing to do in this case would be just making money on what we know, not what we do not know.

Simple stuff like bitcoin long term holding will make us money and we do not need anything else, we need to make sure that it goes as well as possible and for that reason I think we will do much better, we just need to focus on what we can do. If you focus on the future all the time, results will not be simple and you will end up losing more money, do not focus on what others are doing, focus on what you are capable of doing and just do that so you wouldn't lose money.

Just be contented on what you do have then you wont really be having any problems, the only issue on here is on the moment that people would really be that jealous on what other people do have then they do become that desperate and on the time it do happens then this is the moment that you will aggressively be taking up some steps and be testing it out whether it works for you or not.  If you are really that planning to have that
kind of liking to have that progress then it will really be just that fine that you will be trying to look on what they are doing and making it as an inspiration. The key on here is that you shouldnt be overdoing it or
simply comes into a point that you do become that desperate. We are all wishing for having a life to have that financial freedom and its normal that there would really be moment that we do become that desperate.

Its not bad to have that kind of desperation as long it will be on controlled manner. If you are trying to aim for something then you should really be acting out and never make yourself that be passive
or doing nothing because you cant be able to gain something if you dont just act.If you are current struggling with the current condition you do have in terms of finances
then you should really be that wise on trying to look to add up more income and make some business or investment and diversify as much as possible.

Mimicking others is not the way to go and would definitely cause a lot of trouble for many people, it will not make you any money at all. You should avoid something like this and the best way to go would be making your own decisions. It's better to do it that way, so you wouldn't really deal with anything at all.

The greatest result would be just focusing on what you like to do and if you can do that it would be great, it's going to be something that I would respect and definitely something that will do fine. I believe that bitcoin is something personal, and if you can make money the way you want, then you are going to be fine, there is no scenario where you could make some bad decisions based on others, that would be stupid.

I agree with you. It is good that we don't go beyond our financial capability. Before starting such investment, it is of great importance if we accept our financial strength and find a strategy that will favor us. Not everything other investors are doing that we ought to do. If it is going to affect us then we shouldn't pressure ourselves, there will be another time that we can get a good entry point to buy again. During this dip a lot of persons are anxious looking for a way to buy the dip. To the extent of using all they got to invest in Bitcoin. Yes, it is good to invest in the dip as the profit when the price goes up will be a lot better, but we shouldn't forget that there are other things to life. Daily expenses, house rents, emergencies that we do not plan for may come. It will be bad that we can't get to settle all of this because we invested all into Bitcoin during the dip. Guess what it might leave us no choice to tamper our investment. At the end of the day there is no significance of using all our money to buy the dip because we get to tap into it at the point of need.

Listening to other investors contribution can be a lot helping but our final decisions matters since we be the one to take full responsibility of our investment.  If things go wrong, you can't blame the persons advice you took you will only blame yourself for taken hid to his words. We need to be convinced before taking any actions when we see other investors being successful at what they do.

The concept of investment from each person is indeed quite diverse and very different because it is influenced by the ideas in the minds of each person individually. However, every idea that has been proven to be effective and good for use by everyone in the same thing as investment, of course it will always get more adoption in society. Because every good thing will always be an important calculation for those who like the profession of investors and also the profession of a trader who is often in many markets.

I also continue to learn and hone my own knowledge at all times in order to find better and more mature skills for some sectors that I like because without increasing our intelligence, it will also be difficult for us to find good ideas, especially if the idea comes from someone else we don't know. Although everyone may always have a way or pattern in adopting and learning something very differently, as long as the goal can lead to something good, of course it is very worthy to do at all times.

When it comes to investing in Cryptocurrency, every one is for its own self; you cannot imitate or do what the others are doing when the others have large money or they can take high risks, its your own capacity and risk level that you should consider when investing.

Do not just follow the others, see and listen to what other investors are doing, but never imitate them, You decide based on your own analysis and invest according to your capacity and the risk that you can take.
Imitating others is what causes newbies to lose their investment.

Even if it were that easy, not everybody has the same amount of capital to invest.
OP used people who invest $200k as an example, what about people who invest a million? and people who invest a million can not also invest like people who have hundreds of billions, the same way they can't invest like those who have billions.
There's no single point in trying to earn as much as those above you.
Everybody in bitcoin knows that you get what you invest, so I don't think anybody has a mindset of
 waiting to get as much profit as someone who invested $200k when he invested $2000.

It's quite a valid observation and many entrepreneurs have got rich by seeing what other people have done in the past. You'll often find that certain markets, at the right price points, have the ability to sustain many sellers. Just look at coffee shops for example, you might expect that a small town would have enough with just one or two, but sometimes there can be dozens within a very small radius because there are huge amounts of consumers willing to pay for the product. Making references to cryptocurrency isn't necessarily helpful though, because the only variety in this sector is altcoins - there may be money to be made there but you have to become a trading specialist with a strategy at that point.

It's important to start an investment on the right moment, so you maximize the potential profit you can make from it. Bearish seasons are the best opportunities to start acquiring Bitcoin. On the other hand, nobody can predict accurately the perfect moment you should do it! Therefore, don't wait for the perfect opportunity or the perfect time. Do your analysis, and buy when you think it's a good moment to do so, but don't feel bad if Bitcoin still drops further or if you see there are other investors making superior profit compared to you.

Be proud for what you achieved through Bitcoin and use it as a motivation for your next steps in finances and future investments you are going to start at some point. Follow whales' steps, but avoid doing what everyone else is doing, because it's most likely to lead you nowhere. Remember, the sheep is always being guided directly to the slaughterhouse...

I  think, to think like a person who is successful, that is good concept. But I want to add on thing in that, you can research more than your mentor because every person has a very little knowledge and  every man or woman could not learn everything and he has to improve himself for the future. In future, technology will  be more modern and we will see more modern people, So we should prepare for that kind of situation. One should learn from experts, we can make our mentor by meeting or by learning from their books and videos. In that time, books and videos change the world because every one has equal opportunity and that is free of cost. If anyone want to become successful, he can learn from experts and he can make in plan for future.

Or maybe you shouldn't chase comparisons with the income of others, but focus on your personal results in investing?

We are all at different financial levels and, accordingly, the growth rates of profitability in investing will differ significantly. Attempts to apply other people's investment models to yourself with differences in financial levels threaten that, like in sports, you will "get exhausted and drop out of the race" earlier.

Keep to your "pace" in investing without looking back at other investors. Which, 1st of all, will have to be formed. It will be more correct this way.

Nothing is the same in this world because everyone has a different view of seeing things. Maybe such an idea can be applied at times and not entirely an ideal idea to be applied all the time. Everyone has different targets and completely copying the way others invest or trade will not provide the same opportunity in terms of seeking profit. Study carefully what patterns are suitable to do and improve those skills to hone your ability to create opportunities to make a profit. Everyone must have their own ideas in running investments even though we try to adopt some patterns from others to perfect the investment concept that we run.

You can make a profit like them but the amount of the profit will be different. That is because you don't use the same amount like them and only use the money you can afford to lose. That will not be a problem because you still make a profit from Bitcoin investment.

Although the capital amount if different, you will still have a chance to profit from Bitcoin investment. The important thing is you know how much money you will use to invest in Bitcoin. You can sticks to your plan while following the Bitcoin movement.

You can waits for the time to sell your Bitcoin and enjoy your profit. Meanwhile, you still continue investing in Bitcoin using DCA strategy.

Copying or imitating someone else's ideas or plans is a bad idea. A real life example in the market is, has anyone succeeded and made money by copying other people's trades or do most lose? So far, I have not seen anyone who can make profit by copy trading.

To put it bluntly, the idea of ​​copying or imitating others to find success is the idea of ​​lazy people. They are lazy, do not want to spend time researching, learning...and finding their own path to success. They naively think that just by imitating others they can succeed, but they don't know that each of us is very different, no one is the same. Sometimes that formula, that method can help others succeed but can make us fail and vice versa, and that is why the road to success is never easy.

 Its easy to say they can follow what those successful people do but it actually hard to imitate their success achieve. People always look for the gains those people get but they forgot to check the struggle before those successful people reach that far. I guess those people who copy cannot replicate what they do since after all it matter on the patience and skills which cannot be acquired instantly.

I understand people want to have a quick rich scheme but they should not think its easy to get that so much better for them to proceed on things that can help them to improve and possible all the efforts also sacrifices will get rewarded if they know more about the industry they are trying to enter. Its good to look forward and make those successful people as inspiration but it should be follow by good actions since for sure they also became successful on their chosen field.

I guess you are very overwhelemd because other people at your phase already earning a lot of money, its all about the opportunity, skills and knowledge. Others have already these and they just grab the opportunity to learn more and applied their skills to make more money, now if you think why not getting ride with them I guess it's your thing what are the things you are doing when they grinding to reach the top?. This is the time when people get feared other grab the change to make a one step advantage as their head start.

You’re right that the amount you invest plays a big role in your returns, but it’s not just about matching someone else’s capital. Timing matters a lot too. If someone bought Bitcoin in March 2020 during the big dip, they would’ve seen over 600% growth by late 2021, regardless of how much they put in. But if you have entered late in 2021 when BTC was near its peak, then for the most part, the return would be in negative.

Smartness is a must for investing within your means, watching market trends. You are still able to make solid gains over time even with smaller amounts, especially if you're patient in the face of market dips and bull runs.

That's right, and it's simple: a person with a large deposit can easily average their position in a deal. If such a trader makes a mistake and the price goes down, then they will set a larger and larger multiplier for the purchase until they make it so that the slightest increase in the price of the selected token immediately compensates the trader for all potential losses.

A similar principle works in poker, it is very easy to play with a large bank and put pressure on poker players in small banks with such a position.

Anything you think is impossible in this world, you will later find out that is possible in this world just that you have never come across such thing, I have seen some investors who want to boost their income to start earning the same income with the top investors in the community, because they have asked questions about their strategy and the amount of money they always use to earn a particular income, which it will be possible for such investors to earn the same income with the top investors. There is no way you can earn the same income with the person that hold 2btc and 4btc, if they sell in the same bull season because the person that hold 4btc will earn income more than the person that hold 2btc if they sell in the same market.