Bitcoin Forum

https://twitter.com/OfWudan/status/1238091998978093056

March 2020 an investor, athlete and youtuber known as Andrew Tate bought $300k worth of bitcoin priced at $5900. And another $300k worth of bitcoin priced at $6100.

He claims his BTC holdings today are worth around $7 million.

Definitely one of the more colorful and outspoken personalities in crypto willing to voice some of the more audacious opinions, its possible he deserves more attention than he receives.

His list of reasons most may never be rich:

https://www.youtube.com/watch?v=KxiYgtxPoG0

#1  Difficulty identifying opportunity  There are many opportunities in crisis.

#2  Outdated or inaccurate ideas of how to make money  He recommends renting rather than buying a house and questioning traditional ideas on how to make money.

#3  No plan  This item does not need much clarification.

Anyways definitely one of the more interesting characters out there.

And maybe someone people might learn a few things from? This guy does the stereotypical thing many internet personalities do driving expensive sportscars with a harem of attractive women who live with him in his mansion. That would seem to be the dream of many in 2021. His message of self reliance, action and self empowerment isn't that common today. So I hope there might be something of value here.

Went through his twitter, kinda insane.  :o

To put it perspective:

He bought 381 eth at 131$ a piece. If he sells it at 1.4k usd now, its equal to 530,000 USD.

The bitcoins purchased: ~100. Sell it now, as per preev its worth 4.5 Million.

---

His twitter is rather interesting however, am no fan of it, but got to say mans got steel balls to invest like this.

https://twitter.com/OfWudan/status/1116767056592904193

Yeah no, I'm not going to take investing advice from an arrogant asshole that views BTC as a get rich quick scheme. I don't think he sees merits of BTC as a currency, probably just a commodity that he can trade and get rich off of. I can't blame him, but I'm also not going to listen to him either.

I would add a few other reasons to that list:

4 - spend less than you earn  , so you can save money every month (and have capital, like this 300k, to buy in a good opportunity)
5 - do not increase your monthly expenseswhen you geta raise. Save more, use your money wisely.
6 - do not spend a lot of money in a car, unless if you are rich.

Why would you believe someone that has money saying that you won't be rich? The real reason that someone can't be rich is they can't afford the risk that the opportunity entails and they only have one shot on doing so, capitalism made us doubt ourselves because they don't want to give us the opportunity to pursue our endeavor because doing so will make them lose their man power that generates them money. Now if every worker has shorter work time and has benefits and enough living wages and have some leftover, these people will be able to risk something because they know that they are insured in some way.

Being rich or not is a choice. I believe that we can become rich like them. If they can use their money properly, they will have wealthy. We can rich someday, but that depends on how we can work in the right field and how we can use the money. If you can accept the risk that you will use to search for a new way of making money, you will see that you can have a chance to make money. Maybe if we can search for a new job that will not bond us to work for the company and that job has a chance to earn more money, we will take that money and slowly become rich, whether related to bitcoin or not.

To be rich you need to have a few things in mind intelligence communication skills discipline and selfcontrol, attention analysis and the mindset to give up the present all people want to be rich or become millionaires. But not everyone can be rich some try and succeed some try in vain they can't take advantage of that opportunity to get rich because they don't know the right way to get rich you have to know the rules and regulations you have to adopt some strategies. You can easily become rich if you apply the right methods or rules must learn to use money properly.

It's probably a scam. You have to ask yourself, if he is really so wealthy, then why does he waste his time selling lessons?

If he did buy those bitcoins at those prices then he is pretty rich at this time, provided he still holds that money.

Yeah I agree that internet personalities that have this type of a outlook most of the times are con-men. Driving sportscar and having a bunch of chicks in hands are the typical showoff of the rich, but truely speaking the rich people dont waste their money showing it off like that.

Take it with a grain of salt and continue what you do best, why listen to someone on a place like youtube? YT is plagued these days by "influencers" trying to sell you stuff that you dont need.

I like his approach to split out his investment into bitcoins. He didn't buy all of his coins at once but rather in installments over time. This is a good idea and we probably should be doing it.

Another thing is that he invested quite a large sum of money. So if we are convinced of a good idea, we should also be investing larger sums.

They lack the opportunity and difficulty in looking for an opportunity when it comes because they are not educated to see and explore opportunity when they see one, education is the key that will unlock an individual's skill to see opportunity as they come, so people and government should focus on education because this is the only way to escape poverty.

Many lives based on the standard of the society and many believes on the line of “YOLO or You Only Live Once”, this is why they are not planning ahead of time and they tend to spend more than to save and invest for their future. I’m guilty with this line before, but after learning so many things through my experiences, I can say that this line is not good especially if you have big dreams. I do admire rich people, and how they think I just hope that everyone of us will find a good mentor, we need it for sure. We should create strategies, generate more source of income and yes diversify and reinvest all your profits until you made a good system, this is not easy and it takes a lot of swear that’s why very few people are rich today.

Wise spending and allocating enough funds for our savings and investing are other ways for us to earn though it wouldn't get us instantly rich but having the mindset of reaching our future goals would be a big help. We should just buy the things that we need more than spending on the things that we just want. Everything will rely on how we handle our funds.

Is he selling his lessons? The he’s probably working smart here by just sharing inspirational thoughts and of course, that’s another source of income. Rich people know their purpose in life and he’s doing this on purpose, being rich doesn’t mean you’re a billionaire or what, being rich is being able to buy everything you want in life. Anyway, we all have to learn the good lessons and keep on working until we become rich and contented, its a working process though.

Most people are getting debts hoping at the same time to get rich. This doesn't really happen, and the chances of you screwing up over the next 30 years (or however long the debt will take) are quite high. The only way you can bring yourself to the top is by saving up money and investing it, but not into a single basket. Place your eggs in multiple baskets instead.

I'd add greed, fear and lack of knowledge to the list, especially if we talk about BTC. When greed/fear join, the chances of you messing up are once again high.

There are people who are destined or worked there a way to become millionaire, it's on the character and motivation of an individual, there are people who can struggle to make it as a millionaire, there are people who became millionaire, because of luck and inheritance, but they cannot hold on to that riches, because they do not have the character to stay on being a millionaire, so they lose it because of extravagant living and a weak character.

That's what I was wondering, and I don't see any transactions anywhere that could confirm that what he posted on Twitter is true. What is even more indicative is the next tweet in which he seems to have a coin that will be huge in 2021 - a classic method of promoting shitcoins that McAfee also used, with the difference that he used his crazy speculations to get as much exposure as possible.

https://i.imgur.com/SaAoT3i.jpg

Although in this particular tweet he claims that his training is free, on his page he is really selling something - although I have to admit that I failed to find out exactly what.

I've seen this alot of times. Back then in 2014 when I got to know about crypto and stuff, I encouraged most of my friend to get into crypto as well but no one wants to hear anything about some magical money from the internet lol. On 2017 bull season, those same guy asked me about bitcoin but most of them are still in complete denial about bitcoin because the price back then has reached over $15k. Now in 2021, they are probably sitting and wondering why they didnt buy any back then  :P

I cant really blame them on that though because some opportunities seems kinda too good to be true so most people would definitely avoid that and opportunities are not meant for everyone so yeah

Everyone wants to be rich but the dream is achieved by those who take the advantage of opportunity available with them combined with their knowledge,skills,hard work and smart work.Its not just you invest in Bitcoin and became rich.If you want to grow your wealth by investing then you need to have funds and risk taking capabilities at base level.If anyone who have $300k for investing he is already rich man not so?Bitcoin is just one way where you can invest your money and Hold it until the prices reach highest levels and use it as currency at same time not just as investment. Don't take advice from these people because they will again promote shitcoins and push people to false trap of losses.Be your own king and not let your life run by others.

Just had a quick look at his site he advertises in his twitter bio : all I can seethere is a presumptuous person who tries to impress those who surf his site with a number of well known tricks and lures.
Maybe that guy won his bet but it doesn't make him someone who goes up on the pedestal and teaches others about life.

Just some copypaste from his site by way of example taken from the on site to show the content of the same :
"I know EVERYTHING about going from broke to multi-millionaire. I've done it, I know the steps, and I will teach you."
"Most men struggle to get one woman. I built my webcam company off my ability to attract women and have them fall in love with me"
"you need to know WHAT to work on, WHAT to dedicate yourself to. I broke the Matrix and I will teach you how."

The list could be much longer but I have the feeling I already mention enough bullshits for a single post.

In my opinion if someone falls for this kind of comunication and take the hook getting rich is not the first problem they should solve.

Many look (and follow) athletes, singers, football players and other similar VIPs, which earn huge amounts of money, which invest in many directions and still get poor after not too many years.
And many forget that these people usually have no strong school background hence they can easily get fooled by bad advisors, hence many won't follow the best investment (or cash in) advises.
Also these people are oriented toward entertainment industry and will spend shitload of money for having fun... as long as the money lasts.

Of course there will be a long list of Bitcoin millionaires (or virtual millionaires) that will almost certainly not have an easy and worry free retirement.

I think he is correct on this, their is a traditional way in my country, many who made/stumbled on Money thinks is best to invest/save or make extra money, that is buying land, buying land is good, but this is now overused and the outcome it gave people then is not as now, and currently they wait longer to make little value of the land, but the mentality remains, and any other ideas are, -fake, un-trusted, not valuable-.

How true is all of that!!
Interesting character, respect!!

Well i can see that one of the supporting factor that made him like this is the first reason. After experiencing it for a few times, i really understand how crucial it is, to be able to take opportunity in the crisis. Luck may play a big part as well. But, it's understandable, since bracing yourself to take opportunity in the crisis means that you have to be brave and take that big risk. Of course, if it works, you might be able to earn a fortune as well. and i guess, he did a great job at identifying opportunities and making the maximum of them. But for other reasons, it depends though, not really agree with them.

I would agree that all of his points, taken into their respective context, makes complete sense. However, has he considered thinking about those who are below the poverty line, those that are poorest of the poor? I believe that even if these people put these big a burden on themselves, they aren't supposed to be left out in these kinds of discussion. Maybe next time consider those people.

These things are true: people who are not smart in holding their own money often leads to a not really successful financial status. They usually experience problems in managing their own money and now they don't have any security in the future. It is really important to have plans; save, invest, and do all ways that you can to be free of financial crisis. Once we have done that, we may encounter problems in our money, but it will not be problems of scarcity.

Full agreement on the diagnose of this three main points, and I think that these can be summed up as simple unreadiness. if you are ready, you will have a plan, if your are thinking and working the opportunity will meet you prepared and if things go south, you will be able to resist on your strength. There are also a number of good advices that could be built on top, but these remind me of a few well know advices from exceedingly  successful people of different trades:

1) Inspiration exists, but it has to find you working. — Pablo Picasso (https://serendipitylabs.com/inspiration-exists-find-working-pablo-picasso-2/#:~:text=%E2%80%94%20Pablo%20Picasso&text=Both%20Keats%20and%20Picasso%20worked,you%20%E2%80%94%20but%20work%20at%20it.)

2) If you don't find a way to make money while you sleep, you will work until you die. - Warren  (https://www.azquotes.com/quote/878565)Buffet

3) “Luck is what happens when preparation meets opportunity.” - Seneca (yep, the Roman guy)
 (https://www.allegisgroup.com/en/insights/blog/2017/march/luck-is-when-preparation-meets-opportunity#:~:text=Roman%20philosopher%20Seneca%20once%20said,fast%2Dtracked%20promotion%20%E2%80%93%20nothing%20enables)
4) "The art of war teaches us to rely not on the likelihood of the enemy's not coming, but on our own readiness to receive him" - Sun Tzu, The Art of War
 (https://www.brainyquote.com/quotes/sun_tzu_751632#:~:text=Sun%20Tzu%20Quotes&text=Please%20enable%20Javascript-,The%20art%20of%20war%20teaches%20us%20to%20rely%20not%20on,have%20made%20our%20position%20unassailable.)
5) “Without an opportunity, their abilities would have been wasted, and without their abilities, the opportunity would have arisen in vain.” - Niccolo Machiavelli (https://www.goodreads.com/quotes/882590-without-an-opportunity-their-abilities-would-have-been-wasted-and#:~:text=%E2%80%9CWithout%20an%20opportunity%2C%20their%20abilities%20would%20have%20been%20wasted%2C,would%20have%20arisen%20in%20vain.%E2%80%9D)

Wow, that is insane, he really earned a huge amount of money from his investment, I just amazed at how confident he is by buying a huge amount of money worth of bitcoin, he's good at saying that there is still a good opportunity in the bad days or when the pandemic started. He had almost earned about 900% interest from his investment, which is insane, and the amount of money he had bought from it. Those people who really believe in bitcoin at its worst deserves to earn more than that.

I have to say this dude knows what he is talking about for sure, we are seeing more and more people investing into old timer stuff and that is the wrong way of approaching money nowadays, it is obvious that things that made money to people 20 years ago are still used a lot as investment yet they are not making that much money. For example I have talked to my dad about my crypto investments and he said "these people will not let you make money, it is all a trap" so basically he thinks that there are some people at the top of bitcoin that gives us some money now so that they can take it later on... that is how much most people know about bitcoin as well.

However I believe we are changing, I believe people who can't make any money from salary anymore will start learning about finance better and eventually world will have better investors all around, GME is a great example of it.

It's easy to say than done but it actually takes some courage to do all of those things. Getting rich is not an easy task there's a lot of sacrifices you have to do in order for you to achieve your goals and yes it requires a broad mindsets that most cannot attain easily. It takes a lot of experience from different kinds of businesses and investment before you get to the point of being one of the richest man in the world.

That guy in twitter might be rich already because if you look at how he did invest with those two bottom prices with that huge amount. There's no way he's not that rich already but if he's rich already then why would he sells some lessons? The only thing that I can think of is that he's some kind of a fraud or something because there's no legit records of how he gets rich.

You are right about being rich or not is a choice but do you think that if you say that to some dirt poor person who lives off of food stamps and the pity of his/her neighbors, what do you think will be his/her reaction? You can't make choices if you know that choosing will only lead to more suffering. Not everyone can get a job dude, if what you are saying was true all along, there will be no poor people that are living on meager lifestyle.

It is not that most will never get rich, it might be just let us say reasons why someone is having difficulty on getting rich and seems to have been delay or postponement on getting into their goals. Everyone can be able to get rich if they wanted to as long as they have the right mindset, doing actions as well as the resources to make it possible. It seems like it is being discouraging to think that those reasons will never make you rich. Those were just factors delaying your progress of being rich but you still can be able to be one once you conquer all those hindrances along your way. That is why you don't just need to be hard working, you also need to be wise if you really wanted to be able to reach your goals.

Sometimes getting rich is not as difficult as imagined, in fact there are so many people who have a low level of education but manage to get rich.
Getting rich doesn't have to have a college education or work in a big company. But what is our mindset to make money, and also always be able
to identify every opportunity that exists. I am not a supporter of Andrew Tate, nor do I like his behavior. But I like his mindset on how to make money,
it's true we only need to buy Bitcoin and HODL.  I admit I was too cowardly to buy Bitcoin when the price dropped to $ 6,000.

Some good answers on the thread but for the most part people are never going to be rich for the simple reason they confuse needs with wants, they spend so much money that many are spending even more money than what they earn, if people do this for a long time and they spend their money in stuff that does not produce any income and instead consumes their income then they have no chance to become rich.

"#2  Outdated or inaccurate ideas of how to make money  He recommends renting rather than buying a house and questioning traditional ideas on how to make money."
I don't really oppose it, but I don't think it matters that much in terms of money.
If you're fine with setting down a single place for many years, and you are able to get a good mortgage with a low down payment it's pretty much a no-brainer.

But as pointed out in the thread. He is not exactly a person I would pay much attention to. There are a lot more people I would rather spend time on.

Tell that to the people that only has the money for needs, they wanted to get out of spiral called poverty but we all know and studies show that when people are on and below the poverty line, they have a higher chance of not going to get above it because everything is more expensive when your poor, you can't afford to go to dentist so your dental health deteriorates to the point that you are going to go to the hospital when there is an utmost emergency. Some people here haven't experienced what it really is to be a dirt poor based on what most of the replies.

We all know the reasons most people will never be rich.
1.Lack of focus and persistence.
2.Laziness.
There you go.There's no need of a big list. ;D
I don't trust this guy's claims about buying 300K BTC at 5.9K.Can he show a proof?
He looks like the typical Instagram "baller",who is just bragging about how successful he is and what awesome life he lives.
I don't believe that buying Bitcoin at low price and selling at a higher price can make someone rich in the long term.Yeah,you could make big money,but greed will eventually influence you to make mistakes and lose money.

Dude is full of himself.
Tried to browse his Twitter account and all I found was "I" word.

I will teach you this and I will teach you that.
There are some "You's" but all of it was to blame someone.
You are like this because you did bad at this. (coward, laziness)
He is just using Bitcoin because of its popularity for his own promotions.

I used to follow his Twitter until it became too much with the boasts and the portrayal of Alpha male bordering on toxic masculinity. Twitter has these niches with similar people following each other and talking about earning money, getting women, eating steak, being the alpha. While none of those pursuits are wrong, the way these people talk about it, I am not sure anybody would want to see their sons behaving that way.

These people make it sound like Wealth + Strength and Decency cannot go along. As if you HAVE to be a cocky asshole to be wealthy and powerful. In reality, a self-confident man secure in his achievements and knowledge doesn't need to boast or throw a tantrum on twitter every once in a while.

It is like a whole lot of young kids follow these people while actually missing the real father figures that western society used to revere in an earlier age. Someone like an Atticus Finch who inspires his kids with his courage and fortitude, yet never falls to the level of his detractors despite everything.

There is also the ethical question as well, most rich people came from rich parents, Bill Gates' family was rich, Elon's family was rich, Jeff's parents were rich, Warren's parents were rich and politician as well, basically almost all of them are/were rich, sure there are many rich people whose kids never became world's richest person, so I do not want to just attribute it to their parents, but that is where ethics came into play.

Any, and I mean ANY poor person can become rich if they just have a horrible ethical standards and flexible morals, all you do is illegal work and you become rich, sell drugs and become rich, steal and become rich, not like you would be denting the world.

This is not a way I support how you should become rich, but do you think "real" rich people do not steal? Or do not sell drugs? Look at Big Pharma they decide what is legal and what is illegal, they give people things that make you high as legal drugs but if you smoke pot that's illegal. Life is all about who you can bribe, not what you do. All rich people, ALL rich people have bad morals and bad ethics, without a single exception.

They only think about how they can eat this day and not think about how to get rich.
Maybe that is far beyond their mind and they realize that it is very difficult to reach it without any miracle.
A rich person has their money to invest in bitcoin anytime at any price.
That is the difference between the poor and the rich person.
But I believe that there will be one or more people who will get lucky and become rich from all of those people.

Hindsight is always 20/20.

The reality is that spotting investment opportunities are incredibly tough. Yes, bitcoin is a great long term investment but in the short run its pricing simply can't be measured against an intrinsically derived value.

This seems to me somewhat like those videos that say "If you invested $1 bitcoin back in 2009.... You'd be a millionaire by now". Retrospectively everything seems clear. Ask someone to accurately predict what's going to happen in the future and they're going to fail miserably.

That’s the sad reality that poor people are generally form the hand to mouth situation so they cannot even think about any sort of investment and mostly those are uneducated so they will be far away from the bitcoin or even heard about it. While being wealthy has its own advantage too that even if you los few thousands dollar it does not matter as not really going to matter in their lifestyle or living.

Along with poor money management, most people don't know where to actually invest their money in, let's say some buy luxury cars which are one of the worst investments, or some just leave their money to bank so they can get a fixed good interest every month which not only makes them not rich but poorer actually dye to inflation and rise in prices, and a need to differentiate between "want" and "need" is necessary before spending any money. The more we spend on our useless wants, the more is the risk of getting bankrupt as greed never ends!

That is the spirit of investing and lucky for him he was able to hodl those assets until now. Early birds really catches worms but since he has capital then that is also one of it's perks as he can invest everytime that there is an opportunity.

I mean yes! Those who will come with an attitude that bitcoin will make you quick rich then, they are the one who will be roadside investors soon. Crypto is not a joke. It's a serious thing with investment plans and challenge of market manipulators. If you don't play the game with your skills then you will be just hogging a dead horse and nothing much.

I have seen bitcoin from 1-2k USD but never dared to hold it all the time because the money I invested was my savings, or emergency money. I always sold it whenever I was in little profits.

Thats a slow thing, but that's the most ideal and safe way to invest. It takes nothing to invest in that fashion and grow your assets over the time.

1. Yeah, people fail to identify opportunity because those opportunities are "not so obvious" like the guy makes it sound like. If opportunities were obvious, everyone would try to take that opportunity, hence it becomes saturated.

2. Not sure why he would say that. Sure you are better off renting short term, but if you thinking about long term, wouldn't that be better to buy houses? You can buy and then rent it. Rents always goes up. They never go down.

3. This is accurate. Most people fail because they have no well defined goals!

Your first paragraph is on point, yes there are people that are handed the cheat codes to life and taking their advice is the most stupid thing because you were never as lucky as them. But the next paragraphs seems to be straying from the point, yes ethics are involved in getting rich but there are people that are rich but they didn't breach any ethical violation. Poor people have poor ethical standard because they are desperate and the society tells them that their principles will not feed them. Not everyone who does illegal work gets rich and I don't like the idea of advocating it as a means to get ahead of the other people doing crime means that you have already dug a grave for yourself.

If this is really true that he bought a large of bitcoin at that price and if he sells it right now then probably he is a millionaire or maybe not just a millionaire it evens billionaire as well, this guy is insane and really a big balls on investing in bitcoin and ethereum so much. If we will compute the earnings that he may get by buying $600k worth of bitcoins then probably selling it when the price gets $55k then probably he is already a billionaire. This guy was really has something because if he foresees that it may happen then he just holds the bitcoin that he buys then it is very awesome.

The possibility to claim that he holds such values of Bitcoin till date is there because from his research he has found out Bitcoin can equally appreciate as similar as landed property appreciate, let we not dispute the fact that he can't keep it up to these time selling, some people have businesse minded heart to keep or hold am investment for a long period, his concept towards can turn him to billionaire due to the believe and trust he has via cryptocurrency, because its not everyone can hold and wait when it will excessive values before selling.

Finding opportunity and exploring it is not the skill of everyone, only a person with a lot of motivation to succeed will look find and explore the opportunity, while the other does not want to take a risk, afraid of losing and they have a fear of the unknown, that is why only few will make it and become millionaires and billionaires.

I agree with him. Being in the space allowed me to learn a few things over the years. One of the most important lessons for a new investor is to think outside the box and not be scared. I remember all the scary moments when I almost gave up on Bitcoin but never sold. I felt like it was a mistake to hold for so long while others traded, felt left behind as a holder, but my job and hobbies allowed me to survive and a year later Bitcoin was up again.

You have to understand that investments are like learning a new skill. You will fall, you will get some sleepless nights, but after some time you'll be satisfied and say it was all worth it.

Another reason is out of control greed, look at this market, bitcoin is the best coin in the market and you can obtain a lot of profits with it by just holding it but people want to make even more money and they invest in all kind of risky coins because they are not willing to wait, they want profits and they want them as soon as possible, then they lose their money to scammers and come back to the forum claiming the whole market is a scam when they are the ones that invested in a shady coin to begin with.

There are a lot of reasons why people don't get rich, lack of opportunity, knowledge, will to pursue their goal. There are people out there who started from rags to riches because they are street smart, they are aware of what other opportunities are out there. Once the opportunity is open by just knowing it is not enough, you must know how to make the most out of it and take advantage of that opportunity. I agree that being too complacent, lazy, and greedy sometimes lets you lose such opportunities when present. The cryptocurrency had opened a lot of opportunities for people to earn and be part of the biggest innovation of all time, however not all is aware of it or even had an opportunity to be part of it.

People only ready to buy assets on highs, that the problem of newbies, thats why they can loose money even on bull market

Concerning the listed reasons as to what makes people poor, I think he is absolutely correct. That doesn't speak only for crypto investment but for every investment whatsoever. Those listed mistakes happen in every sector to almost everyone and it's only those who have disciplined themselves over time that get to make the most of opportunities.
I, however, have some reservations about this guy. This is not to blame him cause he's actually not at fault. He's just like everyone else looking for ways to make money. I believe he's someone who thinks of bitcoin just as an asset to be invested in and not a currency that it truly is

If they can know the situation, they will not buy at a high price but they will wait for the downtrend. Even if they buy with little money, if they can buy low and sell high, they will not lose their money and make a profit. If people want to be rich, they should know how to use the moment and work hard to earn more money, and maybe they need to spend more time working hard and do other things to make money. Being rich is for all people, but it only depends on how big his effort to work.

Being rich means that you do not have to work ever again to live a comfortable life, in some places and for some people that could be 100 million dollars, for some people it could be 1 million dollars, but in no way or shape it could be 200 billion dollars, that is really unreasonable, what are you going to do with that much money? Impossible to say that it is just being rich, that is being ruthless.

Amazon workers who apply for food stamps and pee in a bottle while Jeff Bezos owns 200 billion dollars worth of amazon stock shows you that it is not about being rich, it is about being powerful and dangerous to society as well, he is not helping anyone out, he is basically just an evil character from a comic book type of person but in real life. Hopefully humanity will eventually realize being rich and being evil have 1+ billion dollar difference, anyone can be and should be rich if they can, but nobody should be evil with money they make.

In general, the ultimate goal of having a lot of money and becoming the richest person is to become a philanthropist.  Like Bill Gates who has established his foundation and helped many children around the world.  Likewise, several lists of rich people in this world.  Not all rich people are evil because if he has value in life then he will be that generous person.

buying in a bullish time is a bad thing...
assets that have high volatility such as cryptocurrencies must have the timeliness to buy it. buy when the market is bullish because FOMO is bad luck. This is the reason why newbies will always lose.

People that are new to the game would certainly learn a thing or two from this man. Identifying opportunities is definitely one of the hardest thing a newcomer to crypto would encounter. Without prior knowledge on stocks and other assets, it would be pretty hard to discern whether or not the price is good. Once the newbies got burned once, they'd surely never try again, instead of using these as a learning experience through which they can benefit from in the future.

Or I can say that he's just at the right place at the right time, but I digress. It seems that Tate knows how the market goes, so pulling off that purchase is a no-brainer for him.

Lol so does he rent his mansion? or he just owns property and tells people to rent lol.

No, buying during a bullish market is more worth it, if you buy at the right time. Like bull run started for bitcoins and someone who bought at $20k cannot be classified as a mistake. The problem is when we invest or buy coins during the end phase of a bull run but that's the dilemma, we never know what is the start and end of a bull run.

Buying during a bear run sounds good but has its own problems because during a bear run any coin can go down and some might even vanish from the market if things don't improve. Not every coin has the capability of bitcoins to jump back where it was earlier, no matter how bottom it has gone. You see how much pumping dogecoin took to get lifted and bitcoin has no such promoter like Musk but still continues to grow.

The ability to invest at the cheapest and sell at the highest point is what makes one rich and vice versa can make you poor.

That has been said a million times but unfortunately it has always been wrong in an ever increasing product. People think that "buying bitcoin when it is high is a wrong move" and said that a lot, but what is "high" in bitcoin?

When it reached over 15k people said it was high, when it went over 20k people sold a ton, you should have seen the correction, because people said it was high and can't go any higher, when it reached 41k and dropped to 28k just two months ago, people went crazy and said it was over and the whole bull run will turn to bear run, and when we had the most recent high and went from 56k to 43k people got out like crazy, that was always the case for them because some people think it will not go any higher but it always does. Buy bitcoin whenever you can, at any time, at any price, it will go up, maybe it will go down for a while, maybe it will be low, who knows? But it will eventually go up, it always goes up in the end.

Does he actually provide any proof he made these moves other than just some tweet yelling into the internet?  Honestly just looking at his twitter profile and the website he links to, he looks like a scam artist.  The profile is all bluster and posturing, nothing of substance, and the same with the website where's he's offering to "teach" you how to be as successful as him.  My man, people who are actually as successful as he claims to be don't need to hustle their "expertise" for a fee.  He's trying way too hard to convince people he's rich and successful to actually be rich and successful.  Lol, his website says "Get money. Get women. Get fit."  Whole thing looks like a scam.

All of the three things that had been mentioned then number #1 does really have the impact or should really be taken off seriously by most people on where opportunities is really present
mostly in times or crisis.It is just our emotions is really a hindrance for us to do specially if the emotion around is enveloped out by fear and anxiety.

Humans are way too emotional and if they do follow out on what they do feel most of the time then most likely you would really be missing out these kind of chances.

To those who had actually took up some risk on buying out in the market without minding much of the risk did really pays off when bitcoins market had really able to reach out heights.
Imagine on how much they had allocated for bitcoin investment and thats a risky move to say on that time but it did really paid off.

Identifying opportunities is always hard but the main problem of people is that they have no money to take advantage of those opportunities in the first place, at least where I live almost no one has savings, it is simply not part of the culture, people spend all of the money that they get and this means that when an opportunity shows itself they have no way to take advantage of it, this is why I have always thought that those that do not have the habit of saving have no chance of ever becoming successful no matter how much knowledge they have.

We are all here because in the first place we identified an opportunity. Yet not most of us here are rich or at least wealthy enough. Why? Because unlike him, we're not rich, we can't afford to lose even a small sum of money in a certain investment. Most are struggling in their daily lives yet you expect to put their money in an investment wherein they can use it to support their daily expenses.

And I guess it's true, those outdated way of making money is true, but what if you don't have a choice? because they're not as wealthy as you.

But I agree to the third one, if you don't have a plan, you can't go anywhere. But I believe every one has a plan here, some just simply doesn't work.

I came here in bct as a student, having no sum of money at all, luckily someone guided me during my first journey here, and now I am doing it on my own. I had identified an opportunity, invest and learn, because I don't have anything to worry about. And not all people are as lucky as me or him. Btw, I'm not rich, just simply having enough. ;D

Lack of resources, lack of choice, lack of a wise plan and lack of people who will guide them for me are the main reasons why most are not going to get rich. That's my opinion.

For me, we can achieve opportunities for profit by working smart and always learning. The more diligently you read books, study the environment and pay attention to every issue that develops, then I am sure that you and I will get the opportunity to benefit as well as learning from that experience is the best teacher. But people who find it difficult to get opportunities and see opportunities are people who are half in learning something because in learning new things and seeing if it has good potential in the future is to fully understand.

but he said, "Remember this tweet when it’s at 8,000."
possibly he already set a price target for that. I believe he already sold some.

he looks arrogant, but I like the way he talked. It energized me ;D
- identify the opportunity, crisis and opportunity is the same thing.
- nobody cares about the old dude in the Lambo, but they care about the young dude in the Lambo.

nice intro on that video tho.
I've bookmarked his video too.

Indeed, and it seems to me that those who've had such clanging brass balls when it comes to investing in crypto have made a fortune, including companies like Tesla and MicroStrategy more recently.

Makes me wonder if it would still be wise to go all-in at today's prices.  The reason why this guy made as much as he did was because he bought when things were looking kind of bleak, not when the bull market was raging (as it is right now).  And man, I wish I knew the answer to that!  All I know is that investors have gotten seriously burned when they buy something when prices are high--and obviously bitcoin is making new ATHs constantly at the moment. 

But eh....my goal was never to become rich through bitcoin.  If that were true I would have bought heavily in 2015-16 when I first got into it or even in 2018 as prices were sliding downward.  Maybe that was a mistake on my part, but I'm cool with that.  Money isn't everything.

Well, the "I do not have enough money" part can be fixed with one thing, I have always done that and will keep doing that until I retire : Put 10% of your salary into crypto right away.

I know that some people barely can survive, hell even make debt to survive but believe me 10% of your salary is in your pockets or in savings account will not change your life drastically, I can promise you that whatever problems you have, whatever financial situation you are in, just because 10% of your salary gone will not suddenly become huge, we already do not earn that much anyway, if we did then we wouldn't have money problems, which means we can put 10% into crypto.

That way eventually after certain years you start to have a decent amount, I didn't put even 1k into crypto yet and still have few thousand, why? Because, bitcoin increases like crazy and it will happen again in the future as well.

Actually what you mentioned is related to the main reason why most people will never be rich: they aren't able to save even 10% of their wages monthly. We live in society where consumerism is promoted daily everywhere. Most minds absorb this content and act impulsively in an attempt to stay relevent on this society. So people need new clothes, shoes, accessories each new year at least, otherwise people have issues with their self-esteem.

Look, even this guy on the video boasting his luxurious life is a propaganda which incentives weak minded people to acquire those same things, with the difference he has money to afford that, while the vast majority of his public doesn't. And instead of saving money monthly, people prefer to stay in debt, eternally searching for tiny aspects of someone else richest's life for themselves.

#1 - The opportunity does not present itself all on its own, but it is in most cases presented to you. It comes by being with the in-crowd so to speak. And no, I am not talking about insider information but just being present in a certain environment where the opportunity is presented. Also, non-rich people tend to be more hesitant about investing their hard-earned money that they do not have to spare, and sometimes that is misrepresented as not identifying opportunity.

#2 and 3 - definitely a lack of knowledge about investing. People want to know a little as possible and get out of it the most possible. It's weird.

Some say the more active you are, the more chances you will have! If you just sit and wait for chances to fall in your lap, maybe it will not happen!
I think there's no recipe for success, except that you need to know what you are doing in general, to have some skills, patience, will to learn, and to adjust... but in the end, it all comes down to some moments when you either make a good decision or not! You either take the opportunity or you miss it... and do you take it or miss it depends on how brave you are, are you willing to risk or not!? And it's what comes down to all of us when the moment comes will you risk and try, or will you pass it?!
Everything depends on us and our choices in crucial moments! Don't let anyone tell you otherwise!

Nice intro on video... Ha ha ha  :D

The video was full of energizing statements. However it is the search of chances, and the same has been successful for him. Another thing it has happened for him in a short time period. This doesn't happen with every user, so we need to make our own efforts and plans taking these personalities as reference.

Like most of the time becoming a millionaire is a combination of factors, as you say even if you are smart enough to tell that you have a great opportunity in front of you, you have no way to take advantage of it without money, however this is important even if you are unable to take advantage in the best way possible when it comes to bitcoin the fact you have identified the opportunity means that you could do so again which means you need to try to save as much money as possible so you can now take advantage of that new opportunity when the time comes.

yes , i definitely cant afford to lose money also. if richest people invest in bitcoin $300k-$1M they dont worry that much because they have sources of income aside from investing in bitcoin. just like us we cant afford that our investment would be lost. just be smart in buying bitcoin and other alternative coin.

I see it this way. Everyone who is lucky to earn big money begins to think of himself as a great professional, although he was just lucky. Yes, he now has a lot of money and he can distribute advice and perhaps some of them really deserve attention, but not everything is so simple. He still has to go through the path of retaining this wealth, and then increasing, if, of course, he does not lose his funds. Making money is only halfway there and everyone cannot be rich.

I have to disagree about this.

Owning a house is much better than renting it if you're a person who stays in just one place for good and only travel for leisure activities such as vacation or unwinding. Owning a house is a practical way to save money, because you can't be sure how long you'll have money or job so you can pay the rent, while having a house means you can sleep well at night not thinking about getting kicked out because you can't pay the rent anymore.

Owning a house is a good investment in the long run in my opinion rather than renting.

If you have expertise in investing then buying a house on credit is much more profitable than buying with cash.  Because the total savings if you buy a house in cash will be disposable, but if you are a financial engineer, your total savings are more useful if invested, you can return each month to pay your home loan so you get two benefits at once.  Your savings remain intact and you can own a house within a certain period of time.

That depends, if you are planning on staying permanently in that place and you have the lump sum to pay for the house, I think that it is a good idea to buy it in cash, I think that loaning the house will only be profitable if you are a billionaire and you are living in a mansion, I forgot how they make money out of not buying the mansion but it involves them not paying for the full amount of the mansion. The reason that people will not become rich is because there are people out there that do not want others to go up so they will do anything in their power to keep others from reaching their full potential and become rich by not providing opportunity or discriminating on who will get the work.

I don't think so, we don't live with bad thoughts because it will affect the vibes of your life.  The more positive you think you will get positive results too.  There is a lot of knowledge that can be learned in this world to get rich now if you are ready to get rich.  The true rich concept comes from the mindset.  Want to buy a house cash or buy on credit is only a choice of our mindset and how dare you take risks in life.  In life, it is like an investment theory that the higher the return received, the higher the risk we will bear.  The concept of conglomerates can never be challenged if we start out with this negative way of thinking.

Even if you do not have money right now, bitcoin is something that has been around for years, and it has been talked on mainstream media for years as well, I am not saying you should have joined in 2010, but even 2017 was talked about a lot, and I mean like seriously a lot. Of course depending on where you live finding 10k dollars to invest could be very difficult, I never had that kind of money before bitcoin as well, but you could always work hard and get some money, and you could always work and study hard to learn trading and if you got in here in the past 4-5 years, you could have earned and profited your way into having some money.

After that all you had to do is put it all on bitcoin last march and this march you would have x10+ more profit as well. This is why I think "not having money" is a bad excuse, you need to actually be all-in support of bitcoin or if you are afraid then you won't make money.

I am more inspired by a different and sensible way of thinking.
The mindset of the rich believes that destiny and fate can be changed with hard work and intelligence.
Meanwhile, poor people tend to wait for luck to come and surrender to fate, and if they fail in one line of business, they are less brave to try other opportunities that are considered foreign.
As a simple example, if 100 million was given to the poor and 100 million was given to the rich, do you know the difference?
If we look at the results for about 1 to 1.5 years, then I am sure the rich will use this 100 million money to multiply it again by means and intelligence, and poor people Rp. 100 million may have no more money, maybe even debt because they will use it to buy whatever they want without thinking about the future.

I believe that even with the help of Bitcoin, a person cannot become too rich (a millionaire), because in order to get big profit from Bitcoin, you first need to invest a lot of capital. Of course, you can show the opinion that someday Bitcoin will reach $ 1 million, and a person could invest in Bitcoin either in 2010 or in 2016 or today in 2021, But in order to become a millionaire as a result, he needs to wait for more than one year and perhaps more than 10 years.

And the opposite can happen too, many people can sell everything and hold in crypto and maybe as you said, after one year or 10 years, they lose it all and become bankrupt. The best form of investment is continuous flow of money and transaction and limiting one's lifestyle. But is it worth to waste the teenage years and 20s by saving money without enjoying it just for the sake of being called a "millionaire" in 40s or 50s? I guess not!

If you're ruing the decision not to dip your toes into the cryptocurrency market, and feel like you are one of the few that missed out, don't worry, you're not. Even with the recent plunge in prices, bitcoin and other cryptocurrency prices remain well above historical levels. Everyone is Getting Hilariously Rich And You're Not where a bunch of white dudes dressed like they pioneered the Williamsburg hipster movement told their stories of cryptocurrency success, leaving casual readers to wonder.

Seriously investment is needed tool to became a rich person.But the thing is, you need to think. Because it's your investment. If will make you rich in a period or 3-6 months. So you ought to inverse to get a benefit from it.If anything make you rich without any effort after 10 years means. It's nothing wrong to wait for it.

Like always it depends, if you have a job that you can do from anywhere around the world or you have to travel a lot a house is nothing but a burden that eats your cash and does not give you a lot of benefits, but if you have a job that requires you to be at a time and place then a house is a great say to save money as you say, besides I think that people get into huge debts, like buying a house, too soon during their lives before they got a chance to raise their capital and their net worth and that is a mistake.

I'm not buying it. No one who postures as hard as this guy is doing on his website is as rich as they claim. And if he's really this rich and successful, why is he selling a bunch of garbage tutorials about how you can be like him?  This guy's a scam artist, his only business is selling people on how successful he is, and anyone buying it is a fool.

but the story is different if we have bought back in the beginning and its called early adopter
in which you only need to have a hundred bucks and become a millionaire today.

bitcoin  cannot make you rich instantly thats why this market offers us altcoin for extra chance of winning.

If everyone is reach then who is the people that is going to be controlled, with money to back them up. You can't just brush this kind of thing because it is negative vibes, the more we avert our eyes off the issue, the more it will grow and it will eventually destroy people, in this day and age that people are manipulating other, it is not enough to just go with the flow and have good vibes, it is the time to be a realist and focus on the issues that are plaguing our civilization. Mindset my ass, try to say that mindset to someone who doesn't know where to find their food for the day, do you think it will apply? Do not confuse pessimism with realism.

Either what the guy said on twitter is real or fake it's still truth about investment, if you always play so safe you will never become reach, to become rich you have to give something to get something in return, this is why we have so many poor people, they are too greedy to themselves to create opportunities

He had rather took his advice to careers and developments it is not fitted here in the coven of Bitcoin discussions, he bought Bitcoin hoping to get rich fine. He was able to purchase some bitcoin hoping to get to $100k mark and he sells off to be ×2 richer how does this relate with the list of opinions he listed? It is not relatable to be honest. His views of bitcoin is from personal perspective.

Maybe I've never been in such a position so that the mindset that I told seems like you can't accept it.  However, living with positive vibes will be much better than starting a life with prejudice.  Will thinking like that change the negative things that have happened?  Will continuing to think negatively make a starving person full?  I do not think so.  With the positive vibe that has been built inside, I think life will be much more productive.

The symmetry axes were almost compatible with his scheme, in speculative perceptions and rules he picked the right moment.  In my opinion, that is a great advantage in business.  No one knows at what price he sold it or if he still holds a trillion-bitcoin asset for further purposes.  That can't be proved but I'm really happy for him that he has all the conditions to create the right dream for him.  Good trust found.

Well, this is not the first time I am seeing an article written about this guy, but the funny part is that I still don’t who he is and I don’t even know his name lol. Even after reading this article I still didn’t bother about clicking the link to check, and you know why? Because the type of lifestyle you described at the end of your article spoiled it for me, not everyone is interested in following people who live that kind of lifestyle, and I think there is one thing people usually misunderstand about life, and that is thinking women and luxury cars are the good life, it’s totally wrong.

And talking about the points you said he made in the video, I don’t get why anyone would prefer to be renting houses instead of buying, unless maybe for those in the US, but for where I live it’s best that you buy a house if you can afford it. I know the kind of stress that comes with renting a house and no one wants to be going through that kind of stress. Well, motivational talks is a normal thing for some lucky folks lol. If it was easy, everyone would be rich by now. I have seen people who have read books written by the greatest men on earth, and try implement the kind of lifestyles those books talks about, but at the end they are still getting to nowhere.

So, life is never the same for everyone, what works for other people will not work for you, we are all different, so you just have to take time and think your life through to actually understand the ways you’re getting things wrong and correct it.

It is easy to say that people fail to identify opportunities but every opportunity comes with a risk, and not everyone is in the position to take those risks. If anyone is presented with a risk-free opportunity, I don't think anyone would reject it. But when it comes with a risk associated, then it takes courage and sometimes it can backfire too.

This is a good point. With time, methods of making money have changed completely and adjusting and acquiring new methods and making some changes is important with time. A stock market trader would struggle in the crypto market if they take the safety first approach in this market.

This mostly happens when we aren't serious about trading or investing and the goals are not clear. Newbie mistake but a lot of veterans still commit.

You can become rich and then decide what to do with your money, while it is unlikely I will become rich I will admit that a luxurious lifestyle is not really my style either, I would use my wealth to buy my time, there are many things that I want to do which do not require a lot of money but that require time and effort, if I could quit my job not only I will liberate a substantial time drain but also I will have a lot of energy, so even if you do not like his lifestyle if you can grab a few lessons from him and implement them into your life and become successful then it was worth reading his stuff.

But that doesn't mean he could not give advise to people about life, either he had gotten been rich through some fake stuff or actually real, there are many scammers out there that got others rich by giving a little piece of advice to their followers, it depends on you whether you prefer to live by the advise or not.

On the other hand, Bitcoin investment  requires you not to be ignorant on the new development that comes in, most people still ignoring Bitcoin till today saying it's a thing for scammers. Fear of taking risk is another, a good investor is an average risk taker, so if he fails to take risk, then he remains poor forever.

Yes, you can have a positive vibe but still have to struggle with all the hardships that you and your family require such as food, water, clothes and a home. You can be too productive but still won't be able to satisfy your hunger. You don't know the hardship that everyone going through and have gone through just as you've said, "You have never been in such a position". So please, don't say that just having positive mindset and positive vibes are enough to certain people as most of them requires help to able to climb up to where they need to be.

I live with challenges and not what you think.  I once had to starve myself just because my family didn't have money to buy food.  I once cried because I could never feel the game other people have.  I once lived in a house that was even flooded and we lived above flood waters that never stopped.  My life is full of challenges, and I'm always positive for my life.  Have you ever been really hungry like you said?  I doubt you have ever experienced that.

I admire that person for believing in cryptocurrency, he deserves to earn a huge amount of money because he took the risk for it and those risk-taker commonly succeed in their lives, well this is our life full of hard decision and most commonly we have to take a risk if we want to see a better future, unfortunately, a lot of people are really scared of taking a risk that is why they are still on what they are now.

It is not that easy, I would love it if I was capable of finding some opportunities that easily but it is not easy. Even if I have just 100 dollars, I am still young, I could invest that, and I can double that every year and in 20 years I would have a lot of money and retire, that would be early age to retire for me and I would be happy about it.

However many people can't find that type of stuff because it is not easy, how can you double your money every year, but look at the market it had at least one coin that doubled every year. So finding the right opportunity is the hardest one in here, I would rather not deal with that and just put all my money into bitcoin and wait, I keep putting more and more money into bitcoin, can't buy too much these days since it went up, but I am still waiting, not selling until I can retire.

That is a wonderful answer, the guy needs attention and after people visits his tweets, later on they would maybe invited to click and learn after they've paid the lesson fee first. Everyone out there is a fox, youtubers bloggers, they just want you to look at them and make more money. We don't need such a guy telling us jow to be rich.