Nowdays how to get wealthy secret

[Mauser]

Time to sell btc gold, silver, oil, property, and u rich coz there is a lot buyers the bagholders.

In case you need the money right now than its a good time to sell, but if you don't need the money than you should plan first what you will invest in. Crypto currencies would be a good choice, prices are fairly cheap compared to last year. However, I would invest all my money in cryptos only. Diversification is very important when it comes to investing. Spreading out the money across different asset classes reduces risk of the portfolio. Another factor to consider before selling is taxes, everytime we sell something with a profit there are taxes to be paid. So selling something for a small profit just to see the profit being eaten by taxes is not good.
The property you live in I would always keep, and if there is another property that is being rented out with good tenants in a good condition I would also keep it. Having a steady reliable Cashflow is important in case there is a problem with the job. Selling commodities could be a good idea, but then again if you just want to be rich on your bank account and leave the money as cash around. Then there won't be any return coming and you are losing money each year due to inflation. Maybe investing all the money into your own business could be an alternative, only it's profitable.

[Marvelman]

All the assets are pumping it means soon dumping.
Pump is 75% and 25% is floor of each assets.

History has taught us that this may not always be the case. Madness happened before and it could happen again. For example, see the charts from January to April or from August to November last year. No one could have predicted that.

[davis196]

Damn,I guess that you must be a billionaire with all that precious knowledge you have.
Why don't you create an ebook or online course filled with this groundbreaking wisdom and sell it for millions?
I also wonder why would a smart billionaire like you waste your time by spamming the forum?
Maybe you just want to share your "million dollar advise" with the poor forum members for free?
Did you graduated the "Tai Lopez school of success"?
Yeah,it's time to sell BTC,oil,stocks and real estate and get some devalued fiat money.That's a great plan.
I will definitely start selling tomorrow.

[romero121]

What OP have suggested seems like the Whales game. They've got good capital and with the same tends to manipulate the market. In traditional market such instances were very rare to happen, and making use of such opportunities isn't a easy thing. There is nothing as get wealthy secret. Learn and experiment what you've learnt. There might be failure, but take it as an experience and keep yourself focused to get the outcome. Surely this will lead towards wealth.

[redsun114]

There is no time that you wouldn’t see people saying that you should buy or sell cryptocurrency, they are always saying it every time. There are people who would even tell you that every time is right for buying cryptocurrency. So, the thing is that if you’re really going to be relying on rumors or whatsoever, how sure are you that they are right? Sometimes it may be wrong. So, the thing is you knowing the right time that you’re meant to do that.

You should keep track of the market movement, and you can do that by analysis. When you see that there are more sell orders, and it has had its effect on the market causing it to go down, then you can start buying, which means you’re buying low rate.

[CaVO32]

There is no time that you wouldn’t see people saying that you should buy or sell cryptocurrency, they are always saying it every time. There are people who would even tell you that every time is right for buying cryptocurrency. So, the thing is that if you’re really going to be relying on rumors or whatsoever, how sure are you that they are right? Sometimes it may be wrong. So, the thing is you knowing the right time that you’re meant to do that.

You should keep track of the market movement, and you can do that by analysis. When you see that there are more sell orders, and it has had its effect on the market causing it to go down, then you can start buying, which means you’re buying low rate.

And that right time, maybe different in your case. You can't just follow what others are suggesting to you. Just like what the OP is saying about selling what you have. You can always look at this situation in a more logical way. You can always invest your money in any field of industry so long you know what you are doing. If you're taking that path, you should know the repercussions and possible outcomes of your decision. And you will be the one taking care of it because no one will. It is your money, it is your choice.

[adaseb]

This is the secret pretty much. Remember last week how everybody was saying not to buy stocks because it will break the low from the Russian invasion? People assumed they would get another opportunity to buy many stocks at Covid lows and the complete opposite happened and we had a crazy rally after the fed raised rates.

When stocks fall it’s usually the wealthy that got tons of savings to buy them. The poor are selling to raise capital while the rich are buying them for pennies on the dollar. Hence why it’s easy for the rich to get richer since they got tons of disposable income they can park for 5 years while the poor need to sell to pay rent.

[Uang_kartal]

That's right, bro, the basis for buying this is based on funds, these two groups of people in transferring functions, not only stocks, cryptocurrencies or other assets that are stored.
moreover rich people do buy from money that is not urgent and they develop the wealth assets they have.
unlike people whose habitual activities only see the results of the investments of the rich, and this type of person only follows suit and prefers to want instant ROI so they don't care about buying with money for their daily needs, and will be confused when their urgent needs end up cutting or not Regardless of the price at that time, he had in mind how to close the hole in urgent need, of course these two characters were very different. Even though their goals were the same as riches.
but different preparation, planning and even risk

[Reid]

how do u sell what u don't have?

and how am i suppose to do what others aren't, when i don't know what are they not doing?

He just means don't ride the hype, trend, or whatever they call it nowadays.
It's the basics of trading but sometimes it doesn't go that way. There are instances where an asset will keep on pumping while you already left the boat.
So, you need to be careful with all the decision. Just think about if you sell at $1 then it pumped again making a new bottom which is $2. Now, will you still buy that same asset when you consider how expensive it is with the new price even after a dump?
That's when you monitor the price, be sure your sell point is high enough so you won't have doubts when you buy back.

[batang_bitcoin]

It's the quote that's very common about buying when there's too much blood in the streets. And being greedy when others are fearful and do fear when others are greedy. That's the known quote from Warren Buffet. And if it's about selling of bitcoin; sell bitcoin if you need to sell. But don't sell just because someone tells you to sell, it's inappropriate to sell if you don't need the money right away. Being a holder doesn't need to be hyperactive in selling unless you make a living through trading.

[TheUltraElite]

how do u sell what u don't have?

and how am i suppose to do what others aren't, when i don't know what are they not doing?

One has to start at one time.

You see, trading is a continuous process, you will have to start either with fiat at hand or crypto at hand. Usually you will have fiat at hand. So just place a buy order at lower prices and watch the price drop to see the trade execute.

You need to keep patience at this stage or you will lose the game. And here comes what the OP said. You buy when the price drops, unlike the panic-striken people who will sell at a drop.

I dont necessarily agree with the OP though. I choose to trade cunningly. When I see prices rise beyond bought prices, I will sell assets and use the profit to buy back. I would not go "all in" in either case, that is an example of being stubborn.

[SirLancelot]

how do u sell what u don't have?

and how am i suppose to do what others aren't, when i don't know what are they not doing?

What he mean is just to be creative, think outside the box, for someone to be outstanding in life then it demand lots of sacrifice, you dont have to follow the crowd because you ain't all heading to same destination, it means to have an inner eyes that sees even when others are not, which is one of the greatest weapons of successful entrepreneurs.

That’s right, people who don’t follow the crowd are the unique set of people. They are usually being seen as strange or weird, but at the end they are the ones who emerge at the top. Same thing applies to the cryptocurrency market, if you keep following what everyone does, then you are doomed to fail most of the times, but if you learn to make your own decision, you would be more likely to succeed in the market.

An advice from Warren Buffet says that we should learn to be greedy when others are being fearful and we should be fearful when others are being greedy, you just don’t know when the market would plummet.

[Xampeuu]

how do u sell what u don't have?

and how am i suppose to do what others aren't, when i don't know what are they not doing?

What he mean is just to be creative, think outside the box, for someone to be outstanding in life then it demand lots of sacrifice, you dont have to follow the crowd because you ain't all heading to same destination, it means to have an inner eyes that sees even when others are not, which is one of the greatest weapons of successful entrepreneurs.

That’s right, people who don’t follow the crowd are the unique set of people. They are usually being seen as strange or weird, but at the end they are the ones who emerge at the top. Same thing applies to the cryptocurrency market, if you keep following what everyone does, then you are doomed to fail most of the times, but if you learn to make your own decision, you would be more likely to succeed in the market.

An advice from Warren Buffet says that we should learn to be greedy when others are being fearful and we should be fearful when others are being greedy, you just don’t know when the market would plummet.

right, when people are afraid to buy, then that's our chance to get the best price, and vice versa. Here mental strength is the key to success. but it is undeniable that many people are successful by following the flow of the market, but they must know when to enter the market and leave the market without prioritizing greed which will actually harm us.

[fullhdpixel]

when people are afraid to buy, then that's our chance to get the best price, and vice versa. Here mental strength is the key to success. but it is undeniable that many people are successful by following the flow of the market, but they must know when to enter the market and leave the market without prioritizing greed which will actually harm us.

I think one thing that most of the comments that I have seen here are omitting is the fact that when you are selling cryptocurrency you shouldn’t only be selling it because of the price has decreased or is low. If you want to sell your cryptocurrency you should be selling it because you feel that the project that you have invested your money in is no longer worth it or you don’t see the possibility of growth in it again.

But, for a cryptocurrency that you still believe has the possibility to keep growing then it might be best that you keep on holding onto that project. You can take one example as Bitcoin, it has a really huge growth potential. And even if you don’t sell, there is still a chance you will get a good price point to sell in the future.

[TheUltraElite]

I think one thing that most of the comments that I have seen here are omitting is the fact that when you are selling cryptocurrency you shouldn’t only be selling it because of the price has decreased or is low. If you want to sell your cryptocurrency you should be selling it because you feel that the project that you have invested your money in is no longer worth it or you don’t see the possibility of growth in it again.

But, for a cryptocurrency that you still believe has the possibility to keep growing then it might be best that you keep on holding onto that project. You can take one example as Bitcoin, it has a really huge growth potential. And even if you don’t sell, there is still a chance you will get a good price point to sell in the future.

Two things come in to action here. The profit making from buy-sell difference and the faith on the project being traded on.

Now a trader might have full faith but still sell in order to profit from an opened buy position. From a snapshot, this might look like they have lost faith, but maybe in reality they are going to buy-back at lower price. So you can not comment without knowing this.

In any speculative asset, people who are diligent enough to make money do this and this recycling will never be understood by those who have a narrow get-rich-quick mindset.

Only holding is another option, but the possibility of dividing assets into "only hold" "recycle between bull and bear" is more profitable, but needs patience.

[VRExpress]

Hmm in other word, be greedy when others are fearful and be fearful when others are greedy, it's a strategy that works only for the wise, if money was that easy to make in the first place everyone would be successful already but that's not always the case or is it? My own investment strategy is buying when others are walking away I believe that the successful ones creates their success when everything seem hopeless.

[kaya11]

Hmm in other word, be greedy when others are fearful and be fearful when others are greedy, it's a strategy that works only for the wise, if money was that easy to make in the first place everyone would be successful already but that's not always the case or is it? My own investment strategy is buying when others are walking away I believe that the successful ones creates their success when everything seem hopeless.

You have a point but the truth is it depends on your luck with the coin you buy. Most of buyers here are going for bitcoin, you can hold it as long as you can but this not the case for other coins especially the new ones.
There are no assurances on being successful in here, we are just merely gamblers hoping for a brighter future.

[macson]

the best way to get rich is -> focus on what you are doing ^{(business or investment)}, expand your relationships ^{(don't choose friends, look for those who can potentially help you, and maintain your relationship with people around you)}, think positive and try to stay smart.  Never cheat yourself and others because wealth doesn't happen overnight.

[gantez]

My own investment strategy is buying when others are walking away I believe that the successful ones creates their success when everything seem hopeless.

This strategy doesn't work all the time. It is not the principle of cryptocurrency which is to buy when the price is low and to sell if it is up. This is a simple strategy also for the real world. If you are expected to buy when it is low and sell higher for profit. Likewise in coin business, it is the expectation that when the bear is in , that is the time for buy. If it is working for you on the other way, it means you are on the lucky side.

[MinMan]

when people are afraid to buy, then that's our chance to get the best price, and vice versa. Here mental strength is the key to success. but it is undeniable that many people are successful by following the flow of the market, but they must know when to enter the market and leave the market without prioritizing greed which will actually harm us.

If people are afraid to buy that means the value is high, let say the value of btc is at 100k. Will you buy 1btc at 100k just because not everyone are buying? You are the only one that will pump the price and everyone else is waiting for that moment so that they can sell and the price is going to get dumped again.

In the case of selling, will you sell when the value is low? You will only get small income or worst you will lose more. All people already know the principles of buying low and selling high. Getting wealthy is not a secret anymore because we now have cryptos which can help us achieve it but it all comes down to one's knowledge and discipline.