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Other => Off-topic => Topic started by: Sinancryp on May 11, 2024, 03:22:30 PM



Title: How to get rich
Post by: Sinancryp on May 11, 2024, 03:22:30 PM
Hi guys, I am 19 years old and know a lot about finance (ETFs, funds, crypto, stocks, commodities)
I have been Bitcoin swing trading for a year and I am still not profitable. I would like to be self-employed as an investor or trader after my IT education. Does trading really work in the long term to be profitable?


Title: Re: How to get rich
Post by: Bulltard on May 11, 2024, 03:26:08 PM
Hi guys, I am 19 years old and know a lot about finance (ETFs, funds, crypto, stocks, commodities)
I have been Bitcoin swing trading for a year and I am still not profitable. I would like to be self-employed as an investor or trader after my IT education. Does trading really work in the long term to be profitable?

you know a lot and yet you're not profitable after a year?

maybe you don't know as much as you think.
wanna be rich? be a good investor, not a good trader.
find projects you believe in, projects you feel close to, research them (like a lot), buy early and hold.
you're 19... you'll be rich at some point if you have the balls to hold and the work ethic to really search for the good stuff


Title: Re: How to get rich
Post by: Sinancryp on May 11, 2024, 03:30:44 PM
I'll try out trading until the end of 2024 and then we'll see. I find long-term investing really more interesting, but the problem is that I don't have the capital. 3k won't do me any good if I turn it into 10k as an example and the next BTC halving won't be until 2028


Title: Re: How to get rich
Post by: Bulltard on May 11, 2024, 05:32:15 PM
I'll try out trading until the end of 2024 and then we'll see. I find long-term investing really more interesting, but the problem is that I don't have the capital. 3k won't do me any good if I turn it into 10k as an example and the next BTC halving won't be until 2028

i started defi with 10k and got to 14m at some point.
i did that during the previous halving.
this is the time when devs build(no my bad, it's the time when they launch, not the same thing) . if you're gonna invest, it should be now.
you got so many narratives: depin, rwa, gaming, ai, l2s, l1s, restaking...
and ffs you're 19, there are worse things than waiting 4 years to become a milionaire.

you wanna trade? i'll give you a hint. the one thing that moves the market right now is the etfs. inflows=green. outflows=red.
knowing that grayscale still has 300k btc to sell and that last week, for the first time they actually bought (twice), good luck figuring out which direction the market's going


Title: Re: How to get rich
Post by: bluebit25 on May 11, 2024, 05:49:28 PM
Hi guys, I am 19 years old and know a lot about finance (ETFs, funds, crypto, stocks, commodities)
I have been Bitcoin swing trading for a year and I am still not profitable. I would like to be self-employed as an investor or trader after my IT education. Does trading really work in the long term to be profitable?

Regarding expertise in any field, if you do it well, the results you get will also be good.

So if you have a plan to direct what you want to develop, determination and perseverance are the factors that will help you achieve success. But what you are talking about is that the information is still in theoretical form and needs more experiential action. I know of traders who can make a lot of money but only very little and they are really in a comfortable state before making money. Spending time on something where you can sense a lot of opportunities like the crypto space somehow shows that you are still not skilled enough, so just keep learning and taking action on everything, trading has many things going on. around it and not for the crowd so answering the question you are looking for is probably you who is the one answering for yourself with the shortcomings that need to be filled in.


Title: Re: How to get rich
Post by: Happy Waters on May 11, 2024, 06:17:57 PM
"Does trading really work in the long term to be profitable?"

Yes, for a small % of people, they can win big long-term as traders. The estimates are ~ only 10 to 20% of people make money trading/investing and everyone else loses eventually. Does this scare you away, or tell you there is a ton of money to be made for the winners?


Hi guys, I am 19 years old and know a lot about finance (ETFs, funds, crypto, stocks, commodities)
I have been Bitcoin swing trading for a year and I am still not profitable. I would like to be self-employed as an investor or trader after my IT education. Does trading really work in the long term to be profitable?


Title: Re: How to get rich
Post by: jrrsparkles on May 11, 2024, 06:38:22 PM
Hi guys, I am 19 years old and know a lot about finance (ETFs, funds, crypto, stocks, commodities)
I have been Bitcoin swing trading for a year and I am still not profitable. I would like to be self-employed as an investor or trader after my IT education. Does trading really work in the long term to be profitable?

You said you know a lot about finance then you might already have an answer for your question...

Irrespective of trading or investing you need capital which again you should knew it already when you said you know about finance.

Anyway to answer the final question, yes it's profitable but highly impossible to be a successful and consistent trader for such long term.


Title: Re: How to get rich
Post by: boyptc on May 11, 2024, 10:22:31 PM
Hi guys, I am 19 years old and know a lot about finance (ETFs, funds, crypto, stocks, commodities)
I have been Bitcoin swing trading for a year and I am still not profitable. I would like to be self-employed as an investor or trader after my IT education. Does trading really work in the long term to be profitable?
If you are for the long term, both trading and investing can work to anybody. But know that it's not for all so, if trading doesn't work for you. It's either you keep on testing strategies and gain more experience.

Or, you change your path and become an investor which in my experience have been more profitable than doing swing trades for years.

Being a holder of BTC is easy and means a lot to me and that's why this strategy is also being told by the others. So, since you're already here might as well try to be a holder of Bitcoin.


Title: Re: How to get rich
Post by: Vod on May 11, 2024, 11:06:25 PM
Hi guys, I am 19 years old and know a lot about finance .... after my IT education.

Man, to be 19 again in this day and age.   ;)

Trading is exponential growth, and if you are bad you often get reset to zero.  :/  Look into invention - better than websites or phone applications - I mean ideas.  Find a service no one else offers.   Then license the data from the service to people who want to build the website or phone application.

Residual income is key, and can be used to trade when you have extra $.  :)   No one wants to retire, then be forced to go back to work; how quickly are you looking to sleep soundly without sacrificing something?


Title: Re: How to get rich
Post by: btc78 on May 12, 2024, 03:36:09 AM
Hi guys, I am 19 years old and know a lot about finance (ETFs, funds, crypto, stocks, commodities)
I have been Bitcoin swing trading for a year and I am still not profitable.
Maybe you are not doing it right or this is not the best suited for you. I suggest trying to look for other ways you can earn among the crypto community. There are different kinds of trading have you ventured out into those?
Quote
I would like to be self-employed as an investor or trader after my IT education. Does trading really work in the long term to be profitable?
I think with your background it can definitely be helpful in making trading your primary income.


Title: Re: How to get rich
Post by: spindotbetcasino on May 13, 2024, 05:27:34 AM
Hopefully I don't share my conservative views too much about life, but with an education you are pursuing, it is probably best to start with a job and working your way up. On the other hand, it's probably hard to do your own business once you get a job. Such is life. At the end of the day, it all starts with the choice you decide to do.



Title: Re: How to get rich
Post by: moneystery on May 13, 2024, 07:09:45 AM
why don't you try to develop your skills in the it field? because if you are successful in that field, you can get quite a high income from it. because trading has risks and you need to be smart enough to carry out market analysis and choose the right instrument for you. not to mention you need to face potential losses if you choose to trade, so it's quite risky for you to rely on trading alone.

it's better for you to develop your skills in the it field and after you have succeeded in getting income from it, you can start investing in bitcoin or other assets that you trust. besides you can secure your job, you can also invest to make a profit.


Title: Re: How to get rich
Post by: franky1 on May 13, 2024, 07:56:18 AM
being rich is the appearance of grandeur based on displaying lots of flashy, fancy, things that make those around you jealous

being wealthy is about having the financial freedom to afford lots of flashy, fancy things, but not needing/wanting to buy them because you prefer to keep the financial freedom of the ability to afford anything, rather than have wasted it by having it

rich people have lots of nice things, wealth is about the financial ability to afford nice things

there are many people that are 'rich' but then come into problems later, when circumstances of life cause harm to their freedoms. such as using debt to buy that fancy car, but later years the banks repossess that car

dont try to aim for being rich, aim for wealth

its better to be wealthy so that you can spend on the real things that make your life happy and content and not on things that make your friends/neighbours react/notice


Title: Re: How to get rich
Post by: rodskee on May 13, 2024, 11:05:08 AM
Hi guys, I am 19 years old and know a lot about finance (ETFs, funds, crypto, stocks, commodities)
I have been Bitcoin swing trading for a year and I am still not profitable. I would like to be self-employed as an investor or trader after my IT education. Does trading really work in the long term to be profitable?
when you said You know a lot meaning you already knew how to make money but not having profit till now?
or maybe you don't really understand it deeply because I have a group mate in TG that is in your age but
he is capable of making money in crypto and yeah sending Himself in college without a penny coming from His parents.


Title: Re: How to get rich
Post by: STUTZ on May 13, 2024, 12:20:33 PM
Just invest every month what you can into ETFs and stay consistent about this over several years, you will make some money.


Title: Re: How to get rich
Post by: spectre71 on May 13, 2024, 01:01:39 PM
Glad your learning.

At 19 you don't know dick about anything financial. Period. Get that out of your head. You simply haven't been around long enough and your not at Harvard.

Education means little, experience means more.

Your time would be better spent starting a business to generate income. Pay someone to invest half your proffits and do the other half yourself. After 10 years you will learn a thing or two.

Good luck.



Title: Re: How to get rich
Post by: Mrcool75 on May 13, 2024, 02:56:34 PM
Everyone wants to be rich.  But there is no specific shortcut to get rich.  To be rich you must be very hardworking.  Hard work and honesty will help you become rich.  Moreover, you have to invest your earned money in the right place.


Title: Re: How to get rich
Post by: Mr.sprin on May 14, 2024, 05:55:52 AM
Everyone wants to be rich.  But there is no specific shortcut to get rich.  To be rich you must be very hardworking.  Hard work and honesty will help you become rich.  Moreover, you have to invest your earned money in the right place.

Rich is relative, it all depends on ourselves, there is no rich that doesn't have a process, everything needs a process, and nothing is instant, unless we boil instant noodles, who wants us to be rich, I think we all want it rich, but remember, don't just be rich in wealth, rich in heart is also very much needed for the lower class, helping others who are needed must also be implemented within ourselves, there is no need to wait for riches before we can help people, it is useless to be rich but never help others who are needed, So we have to change our lifestyle if we want to be rich, learn to invest correctly and do it carefully.


Title: Re: How to get rich
Post by: bitterguy28 on May 14, 2024, 07:13:48 AM
Just invest every month what you can into ETFs and stay consistent about this over several years, you will make some money.
nice advise , have you also done that? because before advising others then you must also have the funds to  invest on it .

Everyone wants to be rich.  But there is no specific shortcut to get rich.  To be rich you must be very hardworking.  Hard work and honesty will help you become rich.  Moreover, you have to invest your earned money in the right place.
even businessman started with small capital and earning this will take time but what we are seeing in crypto space is that people wanted to be rich in shorter time
but cannot afford when their stupidity and foolishness takes them into losing .


Title: Re: How to get rich
Post by: Betwrong on May 14, 2024, 12:21:28 PM
Hi guys, I am 19 years old and know a lot about finance (ETFs, funds, crypto, stocks, commodities)
I have been Bitcoin swing trading for a year and I am still not profitable. I would like to be self-employed as an investor or trader after my IT education. Does trading really work in the long term to be profitable?

You have a good education, try to make money with it. I've said it many times, trading is like gambling and thus it shouldn't be your main source of income.


Title: Re: How to get rich
Post by: Volimack on May 15, 2024, 02:41:41 AM
Trading is generally not for everyone as it requires a lot of experience. If you do not understand the positions of the market the trading strategy fails a lot. Investing is a better decision than trading. You can be a good holder of bitcoin. Long term investment will give you good profit and there will be no risk. A trader who takes high risk overnight trading requires practice patience and a certain skill not everyone can master.


Title: Re: How to get rich
Post by: kotajikikox on May 15, 2024, 12:36:49 PM
Hi guys, I am 19 years old and know a lot about finance (ETFs, funds, crypto, stocks, commodities)
I have been Bitcoin swing trading for a year and I am still not profitable. I would like to be self-employed as an investor or trader after my IT education. Does trading really work in the long term to be profitable?
we are investors but we are still working because we knew that its hard to make money in very volatile market like this ,
and also getting rich is not that easy mate if you are not that knowledgeable about what investment area you are going to enter .
maybe you should focus working and also  when you are gaining then invest for long term.


Title: Re: How to get rich
Post by: rodskee on May 16, 2024, 05:20:51 AM
Just invest every month what you can into ETFs and stay consistent about this over several years, you will make some money.
then still that will fall to HODLING in which the best way to deal in crypto specially when we are
dealing with bitcoin that have been proven to be more and more functional and sustainable than
other way of investing.
Trading is generally not for everyone as it requires a lot of experience. If you do not understand the positions of the market the trading strategy fails a lot. Investing is a better decision than trading. You can be a good holder of bitcoin. Long term investment will give you good profit and there will be no risk. A trader who takes high risk overnight trading requires practice patience and a certain skill not everyone can master.
actually not a lot of experience but instead a deeper knowledge and understanding and also
Attitude because if you are greedy then trading is not for you.


Title: Re: How to get rich
Post by: Scarlett_23 on May 18, 2024, 10:37:54 AM
Congratulations to you.  You have learned a lot at the age of 19.  It may be that reaching the position you are in is only a dream of many.  That is, many could not learn even at the age of 29.  But there is no end to learning.  In this case, skills should be given more importance.  Practice more.  Success does not come to everyone the first time.  Many get success in fast time.  And in most cases, he has to be persistent for success to come.  Do more analysis on the commodity or currency you are buying while trading.  Check whether the price of the product may increase or decrease due to any reason after purchase.  Good luck to you again.


Title: Re: How to get rich
Post by: Cityhunter34 on June 12, 2024, 08:27:47 PM
Trading is generally not for everyone as it requires a lot of experience. If you do not understand the positions of the market the trading strategy fails a lot. Investing is a better decision than trading. You can be a good holder of bitcoin. Long term investment will give you good profit and there will be no risk. A trader who takes high risk overnight trading requires practice patience and a certain skill not everyone can master.
Well said mate I think trading we look somehow difficult for him to understand just as you have already said earlier it will be better for him to go for Bitcoin investment and plan in self very well by setting up emergency fund and go for long term investment, I think that one is going to help him very well to earn a better profits.


Title: Re: How to get rich
Post by: bitterguy28 on June 15, 2024, 06:20:51 AM
Congratulations to you.  You have learned a lot at the age of 19.  It may be that reaching the position you are in is only a dream of many.  That is, many could not learn even at the age of 29.  But there is no end to learning.  In this case, skills should be given more importance.  Practice more.  Success does not come to everyone the first time.  Many get success in fast time.  And in most cases, he has to be persistent for success to come.  Do more analysis on the commodity or currency you are buying while trading.  Check whether the price of the product may increase or decrease due to any reason after purchase.  Good luck to you again.
yes , learning is continues and this will never ends until we decide to stopped  ,
success is coming together with failure and so ? yeah we should expect both to come but focus in learning to never fall for losing always.

Trading is generally not for everyone as it requires a lot of experience. If you do not understand the positions of the market the trading strategy fails a lot. Investing is a better decision than trading. You can be a good holder of bitcoin. Long term investment will give you good profit and there will be no risk. A trader who takes high risk overnight trading requires practice patience and a certain skill not everyone can master.
yes , there have been tons of people who tries a better  positioning in trading but they are losing because this is not the place where everyone will be happy.
i have seen many of my friends who tries to become trader but only few that succeed and majority fails and never try back again.


Title: Re: How to get rich
Post by: Betwrong on June 15, 2024, 07:36:19 AM
Hi guys, I am 19 years old and know a lot about finance (ETFs, funds, crypto, stocks, commodities)
I have been Bitcoin swing trading for a year and I am still not profitable. I would like to be self-employed as an investor or trader after my IT education. Does trading really work in the long term to be profitable?

Trading won't work for you as it is not working for most of the people. Use your IT education to get a good job instead of following this dream of all losers "to be self-employed".


Title: Re: How to get rich
Post by: boyptc on June 15, 2024, 08:31:34 AM
Hi guys, I am 19 years old and know a lot about finance (ETFs, funds, crypto, stocks, commodities)
I have been Bitcoin swing trading for a year and I am still not profitable. I would like to be self-employed as an investor or trader after my IT education. Does trading really work in the long term to be profitable?

Trading won't work for you as it is not working for most of the people. Use your IT education to get a good job instead of following this dream of all losers "to be self-employed".
Haha, spitting some real deal.

Those that have talents and education and skills, you keep going on with your careers while doing some investments. You don't have to get on daily trading because you see people and influencers sharing their gains by doing it.

Not everyone is good at trading and it's real that many are just going back to their careers after thinking that they'd able to keep up with the market's brutality.

Just remember the meme about that "bro meme and mcdonalds hat".


Title: Re: How to get rich
Post by: Loveday422 on June 15, 2024, 08:42:38 PM
How to be rich to me it depends on the time u create to your self,in everything you do all human want is time ,when the time is their you added it with consideration,I bet you if you just consider this two you will be ready to go at all time ,you will make it more than expected


Title: Re: How to get rich
Post by: mariott on June 16, 2024, 07:53:56 AM
You need to have your own business and do what you like


Title: Re: How to get rich
Post by: Ludmilla_rose1995 on June 16, 2024, 11:22:53 AM
Hi guys, I am 19 years old and know a lot about finance (ETFs, funds, crypto, stocks, commodities)
I have been Bitcoin swing trading for a year and I am still not profitable. I would like to be self-employed as an investor or trader after my IT education. Does trading really work in the long term to be profitable?

Unfortunately, if you ask whether trading is profitable, the answer is of course, but what determines whether you are profitable or not is yourself, if you are not able to manage your emotions well when trading, then don't expect to make a profit, you will only make a loss . If you want to trade then focus on that, don't do it half-heartedly


Title: Re: How to get rich
Post by: rodskee on June 16, 2024, 11:46:02 AM
Trading is generally not for everyone as it requires a lot of experience. If you do not understand the positions of the market the trading strategy fails a lot. Investing is a better decision than trading. You can be a good holder of bitcoin. Long term investment will give you good profit and there will be no risk. A trader who takes high risk overnight trading requires practice patience and a certain skill not everyone can master.
Well said mate I think trading we look somehow difficult for him to understand just as you have already said earlier it will be better for him to go for Bitcoin investment and plan in self very well by setting up emergency fund and go for long term investment, I think that one is going to help him very well to earn a better profits.
we can tell that to him if he has funds but have you guys read the whole thread?


OP is asking how to get rich without capital because he even asking for Job that we can offer him.

This thread is going to be running far but the main purpose of OP has not getting any best respond .
but I cannot offer Him some job because we only have something on our own.


Title: Re: How to get rich
Post by: RTX-G53 on June 16, 2024, 04:55:28 PM
Trading is not for regular profit. It is very risky it will not always give you profit. You are only a boy of 19 years, If you trade at this age, and to incur losses, it will greatly affect you financially problem. So I think you should stay away from trading until you start earning enough money. Because anytime it puts you in big losses, you won't be able to cover those losses very easily if you don't have any other source of income. So make yourself a permanent money making place, then start trading.


Title: Re: How to get rich
Post by: Uhochi on June 17, 2024, 07:20:03 AM
Hi guys, I am 19 years old and know a lot about finance (ETFs, funds, crypto, stocks, commodities)
I have been Bitcoin swing trading for a year and I am still not profitable. I would like to be self-employed as an investor or trader after my IT education. Does trading really work in the long term to be profitable?
you need iether skillset or wealth for you to create more wealth.
Trading is for people that have the needed skills and that still have the capital that's required of them to get started in trading.
If you're not strong enough to handle looses, maybe you shouldn't consider going into trading but if you have things figured out and if you have been in the trading space for a handful of years and have gathered the basic trading experience, then this question is unnecessary.

Getting rich doesn't generally mean that you have to be on this space. There are super rich people that are in other sector that has nothing to do with crypto. If it's not your thing to create wealth through crypto, then it's best you identify which area will work best for you and stick to it. It could be business, IT, education, agriculture or any other field.


Title: Re: How to get rich
Post by: PatriotMira on June 17, 2024, 09:00:08 AM
I wish everyone to find their happiness and wealth! I'm looking too :(


Title: Re: How to get rich
Post by: antiark on June 18, 2024, 07:33:04 AM
Tell me how to become rich...