Bitcoin millionaire lists reasons most will never be rich

[Hydrogen]

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#2  Outdated or inaccurate ideas of how to make money  He recommends renting rather than buying a house and questioning traditional ideas on how to make money.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

[pugman]

Went through his twitter, kinda insane. 

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.

[Gyfts]

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.

[bitmover]

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#2  Outdated or inaccurate ideas of how to make money  He recommends renting rather than buying a house and questioning traditional ideas on how to make money.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

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.

[zanezane]

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.

[ethereumhunter]

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.

[Xinarae*]

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.

[odolvlobo]

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?

[TheUltraElite]

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.

[Mauser]

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.

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.

[aioc]

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

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.

[samcrypto]

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.

[Cling18]

#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.

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.

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.

[Johnyz]

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?

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.

[20kevin20]

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.

[Quintrix]

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.

[Lucius]

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?

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.



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.

[arallmuus]

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

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 

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

[aysg76]

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.

[hopenotlate]

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.