This why wall street are rich and you are poor

[michellee]

Some people like to borrow money to run their business or investment, especially if they can make a big profit from that. But unfortunately, we are in a crypto world in which we do not know when the bull run will come, although we can predict that the bull run almost comes but it is still difficult to have the right estimation.

While the bull run is not coming, we still need to pay the money and if somehow, the bull run is not come for 3-4 years later, how can we survive to live? We really need to calculate the risk and prepare ourselves to survive, just in case we lived the unpredicted. You can borrow money only if you know all the risks of surviving and living without carrying the risk. But the risk will always be there.

[1714748878]

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[xSkylarx]

You don't loan to invest because if ever you fucked it up, no one will ever bail you out of that debt. It's okay for wallstreet guys because the government will always bail them, but let us see what the government will do today now that it seem like the government has a problem fixing thier own debt by printing more money.

Taking a loan today to invest will not be a good idea if you are just new to the market, it's unpredictable. Sure you've heard of the line, invest the money you can afford to lose.

Agree and there are a lot of people that I know that took a loan and invested in NFT games. Well, some of them succeeded, some of them did not. It is really difficult to be 100% sure that you will take back the money in crypto since it is really unpredictable, so having a loan is a bad idea. This is the main reason the rich are getting richer: they do have spare money. What should we really suggest? Well, if you do have a job and are able to pay the debt, it is okay to loan, but if you don't have a job, it is a bad idea.

[Findingnemo]

They borrow money to buy assets before bull run
They use borrowed money to make more money.
If u dont learn how to use DEbt to create wealth then u stay poor all ur life.

U never use loaned funds just to buy things for u if u dont have ur own money enough.
First rule you use loaned money to make money.
Stocks and crypto u borrow always before bull run and sell ur assets even the real estate when markets are booming u pay back the loan u wait the market drops u repeat the process.

If anyone start doing this no profit for wall street wealthy guys anymore thats how powerful is investing money what u borrowed.

While being a poor you should not take for investments because investments comes with risk so there is no guarantee that you will get guaranteed returns, becoming rich may not happen in a week or month or even in years it may take few decades for a poor to become rich and yes there are some exceptions but those are very rare.

Save money then start investing!

[naira]

I want to ask, what is the benchmark for someone to be rich? Please and the rest why is it called poor?
Can only the rich invest and the poor have to borrow money from the bank to get VIP seats when you watch the fight in the colosseum?

I don't care how rich Wall Street is and all its government officials turn to milk. Absolutely nothing to do with them. We are still us who have a point of view in managing investment. Not just in crypto, but we are investing our lives for the future.

[wxa7115]

They borrow money to buy assets before bull run
They use borrowed money to make more money.
If u dont learn how to use DEbt to create wealth then u stay poor all ur life.

Well, this is only applicable to people who already have experience on investing, know what they're doing and aware of the risk associated with it. Taking a loan has an interest and if you're someone who dont have anything to lean on or dont have any assets to offer incase something went wrong with your investment then you're doomed. Rich people are making money for being knowledgeable and wise on what they do, thus taking a loan is just a basic for them to make money or to expand their business/wealth.

Thus if you're trying to copy what wealthy people do, make sure to know the consequences of your actions. Because it is still not advisable to take loan regardless on your plan for it to make more money.

This is something that is not mentioned by the OP, they seem to think that the reason other people are not having the same success as rich people is simply the difference on the money they have and as such a loan will help with that.

But they have it backwards, the difference in income is the result of a difference in skill, rich people have a lot of skills when it comes to money that most people do not have, this means they can use their resources in a more effective way and this is what produces the massive differences in income we see, which is why it does not matter how much money you could give to someone, they will eventually become poor again as they do not know how to manage that money.

[suzanne5223]

Getting a loan to invest in an asset before the bull run is a good idea but it's not something easy as you think because every investment involves risk and the last time I check no one can get a loan without using equity as collateral. This is something some cryptocurrency exchange does, however, it is never advisable for newbies or inexperienced crypto investors to get a loan.

[istiak2277]

They borrow money to buy assets before bull run
They use borrowed money to make more money.
If u dont learn how to use DEbt to create wealth then u stay poor all ur life.

I agree with your quote here "If u dont learn how to use DEbt to create wealth then u stay poor all ur life." Behind every successful startup there is a big balance sheet of debt. This is how big companies grow and make money by using other's money. But the fact is most the people don't know how to use money properly. They do not know money management and that's why people should not borrow money to invest in something like crypto where the market is risky.

U never use loaned funds just to buy things for u if u dont have ur own money enough.
First rule you use loaned money to make money.
Stocks and crypto u borrow always before bull run and sell ur assets even the real estate when markets are booming u pay back the loan u wait the market drops u repeat the process.

If anyone start doing this no profit for wall street wealthy guys anymore thats how powerful is investing money what u borrowed.

The real problem is how do you know when bull run starts and ends? How do you predict that accurately? There is no way. The Crypto market could turn bear from bull overnight. You won't be able to sell your assets in time if you are unlucky.

[Congyang]

I'm actually a person who doesn't like things like lending to invest and I think this is a pretty bad thing to do.
not because I am rich and view things like this as low, but if you look at it, I feel that things like this will only add to the burden of thinking with loan interest later.
other than that investment requires strength and clarity of mind so that we do not choose the wrong choice and benefit there.
but investing in crypto is not fixed and the profit cannot be determined in a certain period of time.
you will only be confused by interest and will only panic and wait when a correction like now comes

[Anguwa]

I don't think taking loan to invest in cryptocurrency. Trading in general is a risky game so there is no point to advice someone to take loan for crypto investment, it's a rule not to invest the amount you can't avoid to loose, and loaned money will not give proper mindset. Cryptocurrency market is not really predictable, so taking loan to trade is not a good advice.

[Renampun]

...

Sounds easy but hard to implement...

Everyone's needs and difficulties are different, Many are in debt because sick, businesses are destroyed or to start a business. I once tried to borrow money from the bank and then gave it to crypto-assets but before the asset I bought went up, I had to sell the asset to pay for my child's hospital, I ended up in debt at the bank and my assets were sold. so always prepare safe funds before going into debt at the bank.

[Wawa2013]

I don't think taking loan to invest in cryptocurrency. Trading in general is a risky game so there is no point to advice someone to take loan for crypto investment, it's a rule not to invest the amount you can't avoid to loose, and loaned money will not give proper mindset. Cryptocurrency market is not really predictable, so taking loan to trade is not a good advice.

I once tried to borrow money from a bank as investment capital in crypto, but it didn't meet my expectations. The price of the coins I bought
keeps dropping, while I have to pay my loan installments regularly every month. Finally I experienced financial problems, because the money
to buy daily needs I had to use to pay off debts. Like you said the crypto market is very difficult to predict, so it's not a good idea to borrow money
to invest in crypto. It's better if we invest with small capital, but from the extra money we have, so in the future there will be no financial problems
if the market does not match our expectations.

[iv4n]

I am not near Wall Street, but I can guess that game there is like any other game... some people succeed, some people don't! It's popular, so competition is hard, connections are working, being smart is not the only thing you need to be better than others, a bit of luck never hurts! Copy/paste can work, but it has limits! Is it risky, of course, it is, every market has risks!

But why would anyone compare with sharks/wolves from Wall Street... with huge bankroll?! Build yourself with what you know and what you have, develop your skills, and maybe you will have a chance to get further... borrowing money is an option for all of us, and we all can take advantage of it if we know how to do it,  but be aware, it has risks... did you do your homework? Do you know what you can expect if things go down the hill?! Just don't make a move if you are not completely sure it's the right one and you will be fine and maybe you will succeed in the future!

[kapalmabur]

I don't think taking loan to invest in cryptocurrency. Trading in general is a risky game so there is no point to advice someone to take loan for crypto investment, it's a rule not to invest the amount you can't avoid to loose, and loaned money will not give proper mindset. Cryptocurrency market is not really predictable, so taking loan to trade is not a good advice.

That's right and if you choose to take out a loan to use whether it's investment or trading, you must at least have a strong and well-considered reason,
the risk is also getting bigger for sure and that's the consequence,
What is clear is that I agree with you that taking a loan is not a good suggestion

[Dragonfund]

They borrowed money because they are rich but you never made mention of collateral. Every rich person you see borrowing huge amount of funds today I'd because they have something to be used as collateral, you can't borrow when you have nothing to give as collateral, this is power what an average person cannot get.
You see those wall street investors, their ears are good and always a first me information reacher before the public but don't think the news get to them because they are wall street, those information are always bought by them, so before hey leak it, the big boys must have the necessary things cooked by one or two organization ND before it get to you, they will have invested their life savings into it. Coinbaae always come to my mind whenever I hear this wall street of cryptocurrency.

[Sithara007]

The Wall Street guys are rich because of the following reasons:

1. It is easy for them to get loans in order to make investment
2. In case they get profits out of these investments, they make use of various loopholes in order to avoid taxes
3. If by chance the investment ends in loss, then they manage to get at least a part of the loans written off, on top of tax adjustments for the next several years
4. They always manage to get a good chunk of money from various stimulus measures
5. They are able to manipulate the market, as per their investment choice

[bitzizzix]

I don't think taking loan to invest in cryptocurrency. Trading in general is a risky game so there is no point to advice someone to take loan for crypto investment, it's a rule not to invest the amount you can't avoid to loose, and loaned money will not give proper mindset. Cryptocurrency market is not really predictable, so taking loan to trade is not a good advice.

I once tried to borrow money from a bank as investment capital in crypto, but it didn't meet my expectations. The price of the coins I bought
keeps dropping, while I have to pay my loan installments regularly every month. Finally I experienced financial problems, because the money
to buy daily needs I had to use to pay off debts. Like you said the crypto market is very difficult to predict, so it's not a good idea to borrow money
to invest in crypto. It's better if we invest with small capital, but from the extra money we have, so in the future there will be no financial problems
if the market does not match our expectations.

That's the risk of borrowing money for investment if it doesn't match expectations, and having to pay according to the agreement is very uncomfortable if our finances are not good.
Never risk certainty with uncertainty, because investment is uncertainty that does not necessarily match expectations, it would be better if you borrow money for urgent or very important purposes such as for treatment due to illness or other.

Invest according to your ability even in small amounts, do not force what is not in accordance with the circumstances, borrow money for investment because you will face two risks, loss if your investment fails and still repay your loan under any circumstances.

[bitterguy28]

Not all wall street firms end up success, many were bankrupt, but you won't hear the bankrupt story. The higher the leverage, the higher the bankruptcy risk. And for sure, real estate business has the highest leverage across industries IIRC. What I want to say is, you don't always need leverage. You can be wealthy from side hustle without borrowing any money. The key is reinvesting your excess income, not from debt.

Indeed mate, what we are only seeing in many stories are the successful event but what about the loser? not all of them are gainer there are plenty of losers as well because for someone to earn there must be someone needs to lose.
this is what OP did not understand as he was only looking to the bright story but did not look deep in the dark part.
But of course if you know what you are doing and with perfect timing , everything will go fine but not all of your trials will end up gain as surely there are also losses along the way.

[teosanru]

They borrow money to buy assets before bull run
They use borrowed money to make more money.
If u dont learn how to use DEbt to create wealth then u stay poor all ur life.

U never use loaned funds just to buy things for u if u dont have ur own money enough.
First rule you use loaned money to make money.
Stocks and crypto u borrow always before bull run and sell ur assets even the real estate when markets are booming u pay back the loan u wait the market drops u repeat the process.

If anyone start doing this no profit for wall street wealthy guys anymore thats how powerful is investing money what u borrowed.

Trust me, no matter how sweet this sounds but buying assets using borrowed money and investing them in the market as an individual is not only highly stressful but very risky too, As an individual people generally have just a limited number of income streams. Secondly markets are highly speculative, sometimes you will see them booming every coming month while sometimes you will see them touching new bottoms every month, this way it's hard to predict when is the right time to enter, so if you took a loan and entered into the market at wrong time, it's only god who can save you from all sorts of troubles you are going to face. This Rate of Return > Cost of debt theory looks good only in books and corporates, can't say it suits individuals.

[Mauser]

Wall Street has so many advantages over the ordinary trader from home who just spends a few hours on the weekend to invest his money. A lot of the big investment managers made their fortunes in the 80s and 90s when the margets where booming. They know each other in the industry and have a lot of contacts to the companies they invest in. There were a lot of cases with insider trading that made investors where rich. Back in the days regulation was much more loose than it is today. For the average Joe it is nearly impossible to gain such exposure and compete against the big firms. That is why we shouldn't try and copy the investment system from Wall Street, we should rather try and trade in our own comfort zone.

[Gozie51]

Anyway, all blockchain money transfers will take the market to another level and projects like Junca Cash can make everyone rich.

There are many projects that are capable to make someone rich not just one. I was searching on binance exchange and I saw new list of coins that have very good use case. All that is needed is proper research and invest in a right coin, altcoins season is around the corner and is there for wise decision takers to make profit.