DevilSlayer (OP)
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 08, 2023, 05:01:42 AM |
|
The majority of the investors and traders have misconception on investments because they think that they will easily become successful by putting their hard earned money in bitcoin and other assets without understanding that it is just the foundation and they need to work really hard and follow the other steps to beat the market and able to have gains in their portfolio. Don't get me wrong guys because I really promote investing but majority do not understand how it works, they think that there will be a guaranteed profits oncethey put their hard earned money but in reality, it is very harsh because outcome is not guarantee which means that there are thousands of outcome that can happen and what we need to do is to be prepared on what ever situation will be. So what are the outcome? they incur losses. They do not understand the risks associated with the asset and if the rewards are worth it or not. I read a past research and they conclude that only few percentage of investor are consistently making money and majority of the investors keep losing their money because of lack of knowledge. It is the number 1 reason why investing doesn't guarantee you to be rich.
So the question is how can we make our investing career to become successful? These are the steps that I personally formed and I think it can help you in some ways.
1. DESIRE: You should have a desire to be rich! Most of people wants to be rich by they do not have desire to become one. They simple say it but they do not put work for it. There is a big different on saying you want to become rich and you will become rich. Be sure that you are one of the people who have desire and consistently saying that you will become rich because desire is energy. And if you do not have energy, you cannot put work and effort for you to become one.
2. INVESTING ON MIND: Invest in knowledge before putting your hard earned money on bitcoin, the opportunities in the market is unlimited. Do not fall for the Fear of Missing Out because the opportunities always existing in the market especially if you train your mind to see it. People do not see those opportunities because they never invest in their knowledge. You have money to make investment but why don't you have spre money for your education? Lack of knowledge will lead you to incur losses and the only one to cure it is to make an investment in yourself. The investment that you will do is not for short term only, but it can help you to achieve a lot of great things in life. So what are you doing now? Don't hesitate and make sure that you should invest in your mind. This is one of the greatest decision that you ever made.
3. RULES: Creating rules for yourself and following it is the next step. The reason why there are a lot of people who wants to be a trader and investor because of the FREEDOM that they can have when they are doing it. It is the freedom because there are no specific rules that they should follow. The know that they can buy whenever they want, they can trade whenver they want and they can make money whenevery they want but it doesn't mean that you will not experience lossses. This is where the rules will kick in, You should have rules on what type of investment you will make, when you will entry, what is your cut loss percentage, when you will sell, how much you will allocate and knowing if the RRR is good or not.
4. ACCEPTING THE RISK: You cannot be profitable if you do not know how to accept the risk, majority of people ignoring it and that is why they are keep losing. Be aware on how much money you can incur before the trade and in that way you can have an idea if the investment is worth it or not.
5. PLANNING : Do not just put your hard earned money on some investments or buy bitcoin immediately without having a solid plan, organized planning is what successful investors doing. They have steps that they are following because they trust that it is the best way to achieve their goals.
6. CONFIDENCE : Trust yourself, trust the plan that you created and do not ever hesitate, in this way you can perceive the market information correctly and you will not experience any fear, panic and many more negative emotions.
|
|
|
|
Patrol69
Sr. Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 644
Merit: 280
Axioma Holding - Axioma Pay Crypto Card
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 08, 2023, 05:28:20 AM |
|
Of course investing can never guarantee that you will get rich. But investing has a chance to become rich. You have invested with risk and you can expect to earn a lot of profit from this investment very soon but those who have not invested cannot expect to earn this profit even if they want to. Investing is a much better decision than hoarding your money. However, there is no substitute for risk taking when investing. DESIRE: INVESTING ON MIND: RULES: ACCEPTING THE RISK: PLANNING : CONFIDENCE :
Every investor has willingness to invest, investment mentality, and risk but those who are real investors must plan well before investing, know the various investment rules and have confidence. Those who have all the above qualities are the ones who mainly earn profits by investing.
|
|
|
|
mvdheuvel1983
Sr. Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 1134
Merit: 384
Vave.com - Crypto Casino
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 08, 2023, 05:36:17 AM |
|
The majority of the investors and traders have misconception on investments because they think that they will easily become successful by putting their hard earned money in bitcoin and other assets without understanding that it is just the foundation and they need to work really hard and follow the other steps to beat the market and able to have gains in their portfolio. It is only a naive person that thinks this way. Or maybe someone who is overly optimistic and has a disillusion about how reality works. And people in this category shouldn't even think about investing in bitcoin or in anything for that matter until they get the proper a perspective. INVESTING ON MIND: Invest in knowledge before putting your hard earned money on bitcoin, the opportunities in the market is unlimited. Do not fall for the Fear of Missing Out because the opportunities always existing in the market especially if you train your mind to see it. People do not see those opportunities because they never invest in their knowledge. You have money to make investment but why don't you have spre money for your education? Lack of knowledge will lead you to incur losses and the only one to cure it is to make an investment in yourself. The investment that you will do is not for short term only, but it can help you to achieve a lot of great things in life. So what are you doing now? Don't hesitate and make sure that you should invest in your mind. This is one of the greatest decision that you ever made.
I would write that we should invest in knowledge and invest in experience. Go to an older more experienced and successful person and humbly request that they take you under their wings and mentor you. They should acts as role models whose footsteps you should follow. You should sit with them during investment meetings, you should go with them conferences, you should observe them and ask intelligent questions. That's investing in knowledge and in experience.
|
|
|
|
ancafe
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 08, 2023, 06:05:39 AM Merited by JayJuanGee (1) |
|
The risk will be comparable to your decision to place capital in investment, if the capital you use is small then the risk is also small and vice versa, investment is not only talking about wealth but how you prepare a strategy to get, with that advantage you will produce wealth slowly and regular. So the question is how can we make our investing career to become successful? These are the steps that I personally formed and I think it can help you in some ways.
The points that you submit have represented everything that must be done by people who want to invest, but I want to add a little about the consistency where we must be observant in seeing opportunities under any conditions. If people do not have large capital, then make an investment scale using the purchase method as suggested by many people in the forum. Investment must be carried out routinely in order to increase the amount of assets owned and the last should never think of getting wealth in a short time because there are many processes that must be passed and pay attention to every risk that needs to be minimized so as not to get caught up with panic in the condition of prolonged correction in the market.
|
█████████████████████████ ████████▀▀████▀▀█▀▀██████ █████▀████▄▄▄▄██████▀████ ███▀███▄████████▄████▀███ ██▀███████████████████▀██ █████████████████████████ █████████████████████████ █████████████████████████ ██▄███████████████▀▀▄▄███ ███▄███▀████████▀███▄████ █████▄████▀▀▀▀████▄██████ ████████▄▄████▄▄█████████ █████████████████████████ | BitList | | █▀▀▀▀ █ █ █ █ █ █ █ █ █ █ █ █▄▄▄▄ | ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ . REAL-TIME DATA TRACKING CURATED BY THE COMMUNITY . ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ | ▀▀▀▀█ █ █ █ █ █ █ █ █ █ █ █ ▄▄▄▄█ | | List #kycfree Websites |
|
|
|
hd49728
Legendary
Offline
Activity: 2198
Merit: 1047
Exchange 250+ Coins With 0% Fees
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 08, 2023, 06:22:24 AM |
|
6. CONFIDENCE : Trust yourself, trust the plan that you created and do not ever hesitate, in this way you can perceive the market information correctly and you will not experience any fear, panic and many more negative emotions.
It's hard for newbies to trust themselves in this market. They might trust themselves at beginning but when they read news, fud, see price crash, their confidence will vanish quickly. They don't have enough experience to know that volatility is for short term and long term price will have less volatility up or down. It has very sharp growth since 2009 till 2023 with many big volatile price movements in those years. They must live in this market and with time they gain experience which is important for them to trust themselves.
|
| | TheChange | | | | |
░░░░░░░░░░██▄ ▄▄▄▄▄▄▄▄▄▄▄███▄ ▀▀▀▀▀▀▀▀▀▀▀███▀ ░░░░░░░░░░██▀ ░░░▄▄ ▄██▀ ███████████████ ▀██▄ ░░░▀▀ | | | | +250 COINS | | ..Crypto Exchange.. | │ | ▄▄▄▄ ▄▄▄███▀▀███▄▄▄ ▄█████▀▀░▄▄▄▄░▀▀█████▄ ██▀░▄▄▄████████▄▄▄░▀██ ██░████████████████░██ ██░████████████████░██ ██░▀██████████████▀░██ ██░▀████████████▀░██ ▀██░▀██████████▀░██▀ ▀██▄░▀██████▀░▄██▀ ▀██▄▄░▀▀░▄▄██▀ ▀▀██▄▄██▀▀ ▀▀▀▀ | | | │ | |
|
|
|
GeorgeJohn
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 08, 2023, 06:23:46 AM |
|
The majority of the investors and traders have misconception on investments because they think that they will easily become successful by putting their hard earned money in bitcoin and other assets without understanding that it is just the foundation and they need to work really hard and follow the other steps to beat the market and able to have gains in their portfolio.
Actually you are of good point mainly here, but i will tell you that those people who is a day old or new for investment are the people that will not know the strategic way of investment or have such misconception of investment by thinking that investment is a pathways of getting rich, its clear that its a capital lie, because if you don't know exactly the terms and conditions or understand the rudiments of investment you will not be successful in that investment, you can only be successful for investment when you know the principles of the investment, some investors today get lost of their investment due to lack of understanding of the investment, while some of the investors prosper, propagate due to the ability of studying and understanding the investment, its when you microscope business and know it too well, it's when you will become successful and get rich.
|
|
|
|
QueenVera
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 08, 2023, 06:29:32 AM |
|
I would write that we should invest in knowledge and invest in experience. Go to an older more experienced and successful person and humbly request that they take you under their wings and mentor you. They should acts as role models whose footsteps you should follow. You should sit with them during investment meetings, you should go with them conferences, you should observe them and ask intelligent questions. That's investing in knowledge and in experience.
Go to an older and more experience person and they'll tell you Bitcoin is a scam because they don't understand it or are scared of it like some famous investors condemning Bitcoin. Investing doesn't guarantee you riches but it takes you closer to been rich. Investing in the right things is all that matters. If you invest in scams, you'll lose your money or if you invest in ponzi project or those just pumping because of hype then you would lose but when you invest in a solid project like Bitcoin, you can never lose as you aren't going to sell no matter how bad the market is going. You just have to continue holding and no matter how long it takes, at the end of the day you'll rich in the future because you held your coins. You don't need any complicated education to hold your Bitcoin, and by just holding you have invested which can then give you riches.
|
|
|
|
Helena Yu
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 08, 2023, 06:33:25 AM |
|
To be fair if you're trading a shitcoins, you have a chance to become rich, but the risk is very high.
Since trading a shitcoins is like gambling and not advisable, most people recommend to learn a new skill that will help you to earn higher salary and this make you can start to invest in Bitcoin. I'd say investing in Bitcoin is very safe, it will not lost as long as you keep it secure and you can do anything with your coins even your country forbid to hold or use Bitcoin.
|
|
|
|
R |
▀▀▀▀▀▀▀██████▄▄ ████████████████ ▀▀▀▀█████▀▀▀█████ ████████▌███▐████ ▄▄▄▄█████▄▄▄█████ ████████████████ ▄▄▄▄▄▄▄██████▀▀ | LLBIT | | | 4,000+ GAMES███████████████████ ██████████▀▄▀▀▀████ ████████▀▄▀██░░░███ ██████▀▄███▄▀█▄▄▄██ ███▀▀▀▀▀▀█▀▀▀▀▀▀███ ██░░░░░░░░█░░░░░░██ ██▄░░░░░░░█░░░░░▄██ ███▄░░░░▄█▄▄▄▄▄████ ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ | █████████ ▀████████ ░░▀██████ ░░░░▀████ ░░░░░░███ ▄░░░░░███ ▀█▄▄▄████ ░░▀▀█████ ▀▀▀▀▀▀▀▀▀ | █████████ ░░░▀▀████ ██▄▄▀░███ █░░█▄░░██ ░████▀▀██ █░░█▀░░██ ██▀▀▄░███ ░░░▄▄████ ▀▀▀▀▀▀▀▀▀ |
| | | | | | .
| | | ▄▄████▄▄ ▀█▀▄▀▀▄▀█▀ ▄▄░░▄█░██░█▄░░▄▄ ▄▄█░▄▀█░▀█▄▄█▀░█▀▄░█▄▄ ▀▄█░███▄█▄▄█▄███░█▄▀ ▀▀█░░░▄▄▄▄░░░█▀▀ █░░██████░░█ █░░░░▀▀░░░░█ █▀▄▀▄▀▄▀▄▀▄█ ▄░█████▀▀█████░▄ ▄███████░██░███████▄ ▀▀██████▄▄██████▀▀ ▀▀████████▀▀ | . ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ ░▀▄░▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄░▄▀ ███▀▄▀█████████████████▀▄▀ █████▀▄░▄▄▄▄▄███░▄▄▄▄▄▄▀ ███████▀▄▀██████░█▄▄▄▄▄▄▄▄ █████████▀▄▄░███▄▄▄▄▄▄░▄▀ ████████████░███████▀▄▀ ████████████░██▀▄▄▄▄▀ ████████████░▀▄▀ ████████████▄▀ ███████████▀ | ▄▄███████▄▄ ▄████▀▀▀▀▀▀▀████▄ ▄███▀▄▄███████▄▄▀███▄ ▄██▀▄█▀▀▀█████▀▀▀█▄▀██▄ ▄██▀▄███░░░▀████░███▄▀██▄ ███░████░░░░░▀██░████░███ ███░████░█▄░░░░▀░████░███ ███░████░███▄░░░░████░███ ▀██▄▀███░█████▄░░███▀▄██▀ ▀██▄▀█▄▄▄██████▄██▀▄██▀ ▀███▄▀▀███████▀▀▄███▀ ▀████▄▄▄▄▄▄▄████▀ ▀▀███████▀▀ | | OFFICIAL PARTNERSHIP SOUTHAMPTON FC FAZE CLAN SSC NAPOLI |
|
|
|
bussybuddy
Full Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 1204
Merit: 105
PredX - AI-Powered Prediction Market
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 08, 2023, 06:41:27 AM |
|
So the question is how can we make our investing career to become successful?
IMO, the view of success with a certain field also depends on the thought and experience of each person, it cannot be assumed that someone's success is also the goal of everyone's success. However, looking at the way in which we invest to get back the values in life such as material, spiritual, reputation, ... then this can be very broad and can be looked back at right from the point of view we start with it. I understand some things don't come naturally but by luck, how everything turns out is a reflection of what we've done before, we're in an environment that is so full of joy, so to speak. Due to the chaos of different knowledge and values, aiming for balance in life will be seen as a starting point for success.
|
|
|
|
Litzki1990
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 08, 2023, 06:49:34 AM |
|
4. ACCEPTING THE RISK: You cannot be profitable if you do not know how to accept the risk, majority of people ignoring it and that is why they are keep losing. Be aware on how much money you can incur before the trade and in that way you can have an idea if the investment is worth it or not.
Those who are interested in investing are advised to invest as much money as you can afford to lose. This is a very big money risk. Because there are many chances of losing money. That is why the term risk-taking is associated with investment in this way. A certain amount of money, i.e. money that will not affect your finances if you lose it, should be risked. 5. PLANNING : Do not just put your hard earned money on some investments or buy bitcoin immediately without having a solid plan, organized planning is what successful investors doing. They have steps that they are following because they trust that it is the best way to achieve their goals.
Planning plays a very important role in investing. Risks like investments should never be taken without planning. We have to plan beforehand as part of our plan what amount of money can be invested, for how long the investment should be held, at what time the investment should be made. 6. CONFIDENCE : Trust yourself, trust the plan that you created and do not ever hesitate, in this way you can perceive the market information correctly and you will not experience any fear, panic and many more negative emotions.
We lack the most confidence to invest. I have a doctor I know who always advises his patients that if you believe in yourself or are confident in yourself, you are 30% healthy. That is, the importance of self-confidence in every work is immense. So before investing you have to have confidence and then invest. So that you always have faith that you will benefit from the investment.
|
| | . Duelbits | │ | | │ | DUELBITS FANTASY SPORTS | ████▄▄▄█████▄▄▄ ░▄████████████████▄ ▐██████████████████▄ ████████████████████ ████████████████████▌ █████████████████████ ████████████████▀▀▀ ███████████████▌ ███████████████▌ ████████████████ ████████████████ ████████████████ ████▀▀███████▀▀ | . ▬▬ VS ▬▬ | ████▄▄▄█████▄▄▄ ░▄████████████████▄ ▐██████████████████▄ ████████████████████ ████████████████████▌ █████████████████████ ███████████████████ ███████████████▌ ███████████████▌ ████████████████ ████████████████ ████████████████ ████▀▀███████▀▀ | /// PLAY FOR FREE /// WIN FOR REAL | │ | █████ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ █████ | ██████████████████████████████████████████████████████ . PLAY NOW . ██████████████████████████████████████████████████████ | █████ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ █████ | |
|
|
|
posi
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 08, 2023, 07:22:32 AM |
|
6. CONFIDENCE : Trust yourself, trust the plan that you created and do not ever hesitate, in this way you can perceive the market information correctly and you will not experience any fear, panic and many more negative emotions.
It's hard for newbies to trust themselves in this market. They might trust themselves at beginning but when they read news, fud, see price crash, their confidence will vanish quickly. They don't have enough experience to know that volatility is for short term and long term price will have less volatility up or down. It has very sharp growth since 2009 till 2023 with many big volatile price movements in those years. They must live in this market and with time they gain experience which is important for them to trust themselves. For me, trust is the most important factor in investing, because only when we have faith in bitcoin, and believe in our choices, we are immune to all the negativity around us. We can buy other people's knowledge, but trust is something we need to build ourselves, and to gain trust, experiencing the market is the only way. Trust cannot be bought, can not be obtained through the advice of others, but must be with your own experience. Many people have the same knowledge, but their beliefs in the market are different, so the results will also be different, so many people have knowledge but do not necessarily succeed.
|
..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
|
|
|
lovesmayfamilis
Legendary
Offline
Activity: 2198
Merit: 4476
✿♥‿♥✿
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 08, 2023, 07:28:32 AM |
|
To invest something, you need to have an amount that you can forget about for a while and that you can safely do without. And of course, in order to fulfill your dream of wealth, just investing once will not lead to the desired result. That is, in addition to investments, you should not just sit in anticipation of wealth but should constantly develop and have other earnings, from which you will regularly replenish your account for future growth. We will not talk about the fact that you need to know completely where you are investing money since ignorance will certainly lead to losses, but each time you receive any profit and reinvest your profit, it is advisable to diversify your investments into several sources. For example, in addition to Bitcoin, real estate always remains in demand, and advantages from different sources sometimes become more profitable than participation in one thing. In a word, any money should not lie in dead weight but should always work.
|
|
|
|
Mpamaegbu
Legendary
Offline
Activity: 2800
Merit: 1226
Once a man, twice a child!
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 08, 2023, 07:57:23 AM |
|
4. ACCEPTING THE RISK: You cannot be profitable if you do not know how to accept the risk, majority of people ignoring it and that is why they are keep losing. Be aware on how much money you can incur before the trade and in that way you can have an idea if the investment is worth it or not.
I love this part. In fact, this should be the hard nut to crack for anyone who goes into business. Sadly, this is the part a great number of people don't even want to contemplate or find out. They want to assume that the path to profiteering should be easy and smooth. For me, the first step is even to think of loss before profit taking. The first thing I ask about any business I'm getting into is the risk and loss aspect before the "mouth watering" ROI which is often the one pushed forward. There's no business without risk, investors should seek the risk and loss out first to avoid unplanned outcome later.
|
Before you boast of your material acquisition, take a stroll to a morgue and there you will find those who were once better than you're. Only fools think they've it all. Stay humble 🤔
[/color]
|
|
|
worle1bm
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 08, 2023, 07:59:56 AM |
|
To be fair if you're trading a shitcoins, you have a chance to become rich, but the risk is very high.
Since trading a shitcoins is like gambling and not advisable, most people recommend to learn a new skill that will help you to earn higher salary and this make you can start to invest in Bitcoin. I'd say investing in Bitcoin is very safe, it will not lost as long as you keep it secure and you can do anything with your coins even your country forbid to hold or use Bitcoin.
I believe if you are trading in shitcoins you have little chance of getting rich if you sell timely by making right judgement of buy low sell high but very few are lucky to do so.But there is full guarantee that creators of that shitcoins,whales and influencers whom you follow for the investment advice will become rich after dumping it on normal people.The most of projects which were in hype at one time where do they stand now? People again do the same mistakes with investment in shitcoins and loose money.
|
|
|
|
Rabata
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 08, 2023, 08:34:22 AM |
|
The majority of the investors and traders have misconception on investments because they think that they will easily become successful by putting their hard earned money in bitcoin and other assets without understanding that it is just the foundation and they need to work really hard and follow the other steps to beat the market and able to have gains in their portfolio. Don't get me wrong guys because I really promote investing but majority do not understand how it works, they think that there will be a guaranteed profits oncethey put their hard earned money but in reality, it is very harsh because outcome is not guarantee which means that there are thousands of outcome that can happen and what we need to do is to be prepared on what ever situation will be. So what are the outcome? they incur losses. They do not understand the risks associated with the asset and if the rewards are worth it or not. I read a past research and they conclude that only few percentage of investor are consistently making money and majority of the investors keep losing their money because of lack of knowledge. It is the number 1 reason why investing doesn't guarantee you to be rich.
So the question is how can we make our investing career to become successful? These are the steps that I personally formed and I think it can help you in some ways.
I don't know how to drive a car but i start the car with just holding the steering wheel. I might get a little farther out but after a moments i will got into an accident. I think trading or investing whatever it is called if someone starts without knowing the proper way there can be an accident like driving that car. An investor should consider the factors that you have shared and also consider various things before an investment. We often see frustration among investors. There will be no shadow of disappointment among those who invest knowingly about Bitcoin. Maybe they are in loss but at some point they will come back to profit. There are many things to consider. An investor has to have confidence along with the plan as well as develop the mentality to accept risk otherwise the investment is not possible to be successful.
|
| | . Duelbits | │ | | │ | DUELBITS FANTASY SPORTS | ████▄▄▄█████▄▄▄ ░▄████████████████▄ ▐██████████████████▄ ████████████████████ ████████████████████▌ █████████████████████ ████████████████▀▀▀ ███████████████▌ ███████████████▌ ████████████████ ████████████████ ████████████████ ████▀▀███████▀▀ | . ▬▬ VS ▬▬ | ████▄▄▄█████▄▄▄ ░▄████████████████▄ ▐██████████████████▄ ████████████████████ ████████████████████▌ █████████████████████ ███████████████████ ███████████████▌ ███████████████▌ ████████████████ ████████████████ ████████████████ ████▀▀███████▀▀ | /// PLAY FOR FREE /// WIN FOR REAL | │ | █████ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ █████ | ██████████████████████████████████████████████████████ . PLAY NOW . ██████████████████████████████████████████████████████ | █████ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ ██ █████ | |
|
|
|
Hyphen(-)
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 08, 2023, 08:41:12 AM |
|
The majority of the investors and traders have misconception on investments because they think that they will easily become successful by putting their hard earned money in bitcoin and other assets without understanding that it is just the foundation and they need to work really hard and follow the other steps to beat the market and able to have gains in their portfolio.
Such a mindset is for new investors who did not know how the process worked in both the good and bad days of the Bitcoin market; some of them believe that because they were able to raise money for an investment, they must be able to make a lot of money from it because they have heard so many stories of people who were successful through Bitcoin investment. 1. DESIRE: 2. INVESTING ON MIND: 3. RULES: 4. ACCEPTING THE RISK: 5. PLANNING : 6. CONFIDENCE :
All of the points mentioned above are very important for an investor, but not all incoming investors consider them to be important because they believe that getting the capital is the most important thing. I'll add mental preparation to the list because some people become emotionally depressed as a result of how the loss has affected them mentally, which is completely incorrect; one must be mentally prepared and willing to take risks in order to succeed in Bitcoin investment.
|
| | . .Duelbits│SPORTS. | | | ▄▄▄███████▄▄▄ ▄▄█████████████████▄▄ ▄███████████████████████▄ ███████████████████████████ █████████████████████████████ ███████████████████████████████ ███████████████████████████████ ███████████████████████████████ █████████████████████████████ ███████████████████████████ ▀████████████████████████ ▀▀███████████████████ ██████████████████████████████ | | | | ██ ██ ██ ██
██ ██ ██ ██
██ ██ ██ | | | | ███▄██▄███▄█▄▄▄▄██▄▄▄██ ███▄██▀▄█▄▀███▄██████▄█ █▀███▀██▀████▀████▀▀▀██ ██▀ ▀██████████████████ ███▄███████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ▀█████████████████████▀ ▀▀███████████████▀▀ ▀▀▀▀█▀▀▀▀ | | OFFICIAL EUROPEAN BETTING PARTNER OF ASTON VILLA FC | | | | ██ ██ ██ ██
██ ██ ██ ██
██ ██ ██ | | | | 10% CASHBACK 100% MULTICHARGER | │ | | │ |
|
|
|
S A KHAIR
Full Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 952
Merit: 108
1xBit recovered their reputation
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 08, 2023, 09:10:08 AM |
|
The market is a battleground and bitcoin is a financial market. It is not exactly the same as gambling, but it is a part of gambling, where there will be winners and losers. Well, not everyone who invests will get rich because to become rich we need to take other people's money. The government is not printing money and pumping bitcoins up to make us all rich, but players like us are taking money from each other.
|
|
|
|
Inwestour
Legendary
Offline
Activity: 1106
Merit: 1043
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 08, 2023, 10:03:03 AM |
|
Actually you are of good point mainly here, but i will tell you that those people who is a day old or new for investment are the people that will not know the strategic way of investment or have such misconception of investment by thinking that investment is a pathways of getting rich, its clear that its a capital lie, because if you don't know exactly the terms and conditions or understand the rudiments of investment you will not be successful in that investment, you can only be successful for investment when you know the principles of the investment, some investors today get lost of their investment due to lack of understanding of the investment, while some of the investors prosper, propagate due to the ability of studying and understanding the investment, its when you microscope business and know it too well, it's when you will become successful and get rich.
No one said that investing is easy, just as no one can guarantee that investing in bitcoin will bring profit, because it is not enough just to buy bitcoin and wait for profit, those who bought bitcoin at a price of 50-60k can confirm this. Perhaps many of them have already sold at a loss and are now frustrated with investing in cryptocurrencies. To make a profit from any investment you need to have good knowledge in the field in which you are investing, otherwise it can be like a lottery. Those who buy bitcoin now and those who will buy it at 100k (I assume that there will also be such) will get completely different results, although both will invest in bitcoin, but some will make a profit, while others may suffer losses. Therefore, no one can guarantee you profit except yourself.
|
|
|
|
R |
▀▀▀▀▀▀▀██████▄▄ ████████████████ ▀▀▀▀█████▀▀▀█████ ████████▌███▐████ ▄▄▄▄█████▄▄▄█████ ████████████████ ▄▄▄▄▄▄▄██████▀▀ | LLBIT | | | 4,000+ GAMES███████████████████ ██████████▀▄▀▀▀████ ████████▀▄▀██░░░███ ██████▀▄███▄▀█▄▄▄██ ███▀▀▀▀▀▀█▀▀▀▀▀▀███ ██░░░░░░░░█░░░░░░██ ██▄░░░░░░░█░░░░░▄██ ███▄░░░░▄█▄▄▄▄▄████ ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ | █████████ ▀████████ ░░▀██████ ░░░░▀████ ░░░░░░███ ▄░░░░░███ ▀█▄▄▄████ ░░▀▀█████ ▀▀▀▀▀▀▀▀▀ | █████████ ░░░▀▀████ ██▄▄▀░███ █░░█▄░░██ ░████▀▀██ █░░█▀░░██ ██▀▀▄░███ ░░░▄▄████ ▀▀▀▀▀▀▀▀▀ |
| | | | | | .
| | | ▄▄████▄▄ ▀█▀▄▀▀▄▀█▀ ▄▄░░▄█░██░█▄░░▄▄ ▄▄█░▄▀█░▀█▄▄█▀░█▀▄░█▄▄ ▀▄█░███▄█▄▄█▄███░█▄▀ ▀▀█░░░▄▄▄▄░░░█▀▀ █░░██████░░█ █░░░░▀▀░░░░█ █▀▄▀▄▀▄▀▄▀▄█ ▄░█████▀▀█████░▄ ▄███████░██░███████▄ ▀▀██████▄▄██████▀▀ ▀▀████████▀▀ | . ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ ░▀▄░▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄░▄▀ ███▀▄▀█████████████████▀▄▀ █████▀▄░▄▄▄▄▄███░▄▄▄▄▄▄▀ ███████▀▄▀██████░█▄▄▄▄▄▄▄▄ █████████▀▄▄░███▄▄▄▄▄▄░▄▀ ████████████░███████▀▄▀ ████████████░██▀▄▄▄▄▀ ████████████░▀▄▀ ████████████▄▀ ███████████▀ | ▄▄███████▄▄ ▄████▀▀▀▀▀▀▀████▄ ▄███▀▄▄███████▄▄▀███▄ ▄██▀▄█▀▀▀█████▀▀▀█▄▀██▄ ▄██▀▄███░░░▀████░███▄▀██▄ ███░████░░░░░▀██░████░███ ███░████░█▄░░░░▀░████░███ ███░████░███▄░░░░████░███ ▀██▄▀███░█████▄░░███▀▄██▀ ▀██▄▀█▄▄▄██████▄██▀▄██▀ ▀███▄▀▀███████▀▀▄███▀ ▀████▄▄▄▄▄▄▄████▀ ▀▀███████▀▀ | | OFFICIAL PARTNERSHIP SOUTHAMPTON FC FAZE CLAN SSC NAPOLI |
|
|
|
initim
Jr. Member
Offline
Activity: 38
Merit: 4
|
If you don’t invest, how do you tend to make more money? Keeping money in the bank these days is a waste of effort. The purpose of investment is to make a profit and not necessarily for riches.
Please don’t get me wrong, Investing can make somebody rich and at the same time can make one poor. This is why portfolio diversification is always advised. If one investment goes bad, others may not because all investments can go bad at the same time.
We should also note that not all investments are risky so choose wisely when investing. Sometimes, the higher the risk, the higher the return so before considering any investment, it is important that we carried out due diligence.
Research before investing cannot be over-emphasized. Bitcoin as a financial market is not predictable so whichever you choose to invest in, be ready for the outcome.
In conclusion, investing doesn't guarantee riches because you may lose or gain. The gain may not even amount to wealth.
|
|
|
|
stomachgrowls
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 08, 2023, 12:41:01 PM |
|
5. PLANNING
This is what you should really be having on your mind but actually all of those factors been mentioned on the op is really indeed that needed overall if you do really tend to engage with investment. Of course you would really be needing different things to become success and even having needing that sort of luck when dealing up with investment because we know that no matter how hard you would try, if things doesnt work on you or it isnt really that something for you then you would definitely fail.
Getting rich isnt something that anyone could able to achieve.You would really be needing to pass lots of trials and errors before you could be able to succeed in life.This isnt a status on which someone could just simply able to attain on the time that they would really be wishing. This is why when it comes to investment decisions then you shouldnt really be relying into others calls and suggestion because we are all just that risks-takers here on this market.Its never been that worth for you to listen into those people. Act according into your own analysis and knowledge plus with a bit mix of intuitive approach.
|
| | . .Duelbits. | │ | ..........UNLEASH.......... THE ULTIMATE GAMING EXPERIENCE | │ | DUELBITS FANTASY SPORTS | ████▄▄▄█████▄▄▄ ░▄████████████████▄ ▐██████████████████▄ ████████████████████ ████████████████████▌ █████████████████████ ████████████████▀▀▀ ███████████████▌ ███████████████▌ ████████████████ ████████████████ ████████████████ ████▀▀███████▀▀ | . ▬▬ VS ▬▬ | ████▄▄▄█████▄▄▄ ░▄████████████████▄ ▐██████████████████▄ ████████████████████ ████████████████████▌ █████████████████████ ███████████████████ ███████████████▌ ███████████████▌ ████████████████ ████████████████ ████████████████ ████▀▀███████▀▀ | /// PLAY FOR FREE /// WIN FOR REAL | │ | ..PLAY NOW.. | |
|
|
|
|