Investing doesn't guarantee you to be rich

[michellee]

That is true, investing doesn't guarantee you to be rich. It is a misconception that investing in Bitcoin will automatically lead to a guaranteed profits. Many investors who lacks knowledge and understanding of the risks associated with investing, which can possibly leads to losses. To become a successful investor you need to have a strong desire to become rich, you should invest first in knowledge or do a proper research before investing your money, If you are ready to face to risks involve in investing and you feel you are ready enough then you can start to invest. You need also to plan investments carefully so that you will not regret it.

At least, if they can hold their bitcoins for a few years, they can expect to make big profits, especially if a bull run comes on the market. With what has happened to bitcoin so far, if someone can hold on for 3-4 years, they can sell their bitcoins in a bull run at peak prices.

But to become an investor requires a strong hand in holding the bitcoin. And not everyone can hold their bitcoins for 4 years because during those 4 years, the market will fluctuate and that's where their mentality will be tested. If they are strong, they can pass the test and sell their bitcoins at peak prices.

Apart from that, they must also know how to control their emotions so they don't panic when the market changes in price. And the most important thing is only to use the money you can afford to invest in bitcoin.

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[Lorence.xD]

Investing does not guarantee you to get rich, but it makes it very likely, if we understand by "getting rich" the improvement of your economic situation, and we are talking about long-term investment.

It is even more likely within an overall personal finance plan, with a control of income and expenses, an emergency fund for unforeseen events and a diversification according to your knowledge and risk tolerance. With this, if we discount unlikely bad luck scenarios that make you need to dip into your saved and invested money, everyone improves their financial situation, or gets richer, if you prefer.

Having an investment of course doesn't make you rich in instant there's always be a process. Investing your funds it's much better than saving it but you can do both so some of your money are working for you and some for in case of emergency. There's always a risk but a high risk always come with high reward but also none, still better to have a probability of success than nothing. Investment could make you rich for a long term, it we think of it people who bought BTC decades ago if they still have it then most likely they are rich now.

[LastKiss]

Investing does not guarantee you to get rich, but it makes it very likely, if we understand by "getting rich" the improvement of your economic situation, and we are talking about long-term investment.

It is even more likely within an overall personal finance plan, with a control of income and expenses, an emergency fund for unforeseen events and a diversification according to your knowledge and risk tolerance. With this, if we discount unlikely bad luck scenarios that make you need to dip into your saved and invested money, everyone improves their financial situation, or gets richer, if you prefer.

Having an investment of course doesn't make you rich in instant there's always be a process. Investing your funds it's much better than saving it but you can do both so some of your money are working for you and some for in case of emergency. There's always a risk but a high risk always come with high reward but also none, still better to have a probability of success than nothing. Investment could make you rich for a long term, it we think of it people who bought BTC decades ago if they still have it then most likely they are rich now.

I agree many rich people out there become rich because they hodl for the long term, those people who hodl for the short term because they want to become rich quickly won't get rich in the end. We should be able to separate emergency savings and investments because still a lot of people use their investments as their emergency funds so it made they won't hodl for long.

[DevilSlayer]

~snip

I like the topic title. Indeed, investing doesn't give any guarantees and this is not the road to wealth, but without investing, in principle, it is impossible to increase your wealth (of course, this is only one of the options for becoming rich).

You have listed 6 points that you consider important, but missed the most important point - this is 7. ACT. Without it, everything else is empty sound. Do you want your investment career to be successful? Then start taking action. It is at this point that so many turn off their path and they never achieve the desired results.

That's right, we need the ACT because like what you said that all of it will be worthless unless we do the Act. These where the man seperates to the boys, they are afraid to push it because of the uncertainty ahead. They have a bad feeling for uncertainty and they see it as bad but for the minority of the people, they see it as an adventure and they having fun on it. Don't follow the wrong crowd or the majority of the people because they are the ones who will not make it to the top. Follow the minority or the crowd who did what the majority people says impossible, they achieved their goals with ease and with fun because they ACT.

All of the steps that I mentioned in the OP is really good and we should follow it but in order to to imlement it then we should ACT. Do you want to be rich? Do you want to have a better lives? Do you want to provide good life to your family? All you need to do is to ACT. There are no other people who can do it for you. It's only you so what are you waiting for? Will you follow the wrong crowd who are afrai to ACT and take the risks? Or will you follow the minority who act and keep taking risks. The answer is within you. You are the only one who can figure it out.

[Magic-Money]

That's true, investment doesn't guarantee you Rich and have to work towards your emotion and mindset while set a target when to sell or buy as a trader, because cryptocurrency market is really depends on the entry point and the entry point matter's a lot for profit returns.

[retreat]

-snip-

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.

-snip-

Many people invest in Bitcoin without paying attention to the risks they will face in the future. They have the belief that Bitcoin will be their "way" to achieve wealth in the future, so they invest like crazy, but when their investment goes down, they panic and eventually forget their purpose of investing in Bitcoin. They lack the knowledge that Bitcoin is an asset that tends to be unstable and quite risky. They are taken in by other people who say that many people have become rich from investing in Bitcoin, even though they don't see that there are also many who have lost. The point is that investing in Bitcoin is great, but it's even better if we understand that it is a risky asset.

[Sayeds56]

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.

Planning and trusting your investment decision are crucial for success in any kind of investment including digital assets including Bitcoin. It is important to note that market conditions  continue to change and in particular crypto markets are very volatile which can potentially cause doubts and tempt us to sell our investment to avoid losses. However, this is where emotional control becomes important, as it enables you to remain patient, waiting for the return of bull market when you can reap the rewards of your investment decisions.

[crwth]

That's pretty standard when you are investing. That there's always the risk of not making it through the numbers game and you can end up losing your investment in the first place. Personally, the important thing that you are going to consider is the path that you are taking and whether you are doing the necessary steps to get you to your goal always remember that you are what you do.

There's definitely no guarantee in this life.

[CryptoBuds]

Investing does not guarantee you to get rich, but it makes it very likely, if we understand by "getting rich" the improvement of your economic situation, and we are talking about long-term investment.

It is even more likely within an overall personal finance plan, with a control of income and expenses, an emergency fund for unforeseen events and a diversification according to your knowledge and risk tolerance. With this, if we discount unlikely bad luck scenarios that make you need to dip into your saved and invested money, everyone improves their financial situation, or gets richer, if you prefer.

Having an investment of course doesn't make you rich in instant there's always be a process. Investing your funds it's much better than saving it but you can do both so some of your money are working for you and some for in case of emergency. There's always a risk but a high risk always come with high reward but also none, still better to have a probability of success than nothing. Investment could make you rich for a long term, it we think of it people who bought BTC decades ago if they still have it then most likely they are rich now.

I agree many rich people out there become rich because they hodl for the long term, those people who hodl for the short term because they want to become rich quickly won't get rich in the end. We should be able to separate emergency savings and investments because still a lot of people use their investments as their emergency funds so it made they won't hodl for long.

Long-term holding is considered a huge advantage in investing, but the point is that not investing and holding any assets will make you rich. We need to choose the right assets to hold because there are many investments that also won't generate returns when you hold them for a long time. I'm not just talking about bitcoin and altcoins, I mean all other investments like stocks or real estate.

It's strange that I see many people still confusing investing with saving. If we put money in bitcoin, it cannot be considered as savings because it is volatile and anyone using that investment as an emergency fund is a grave mistake. What if our investment loses money in the short term, and we need the money urgently?

[rby]

That's pretty standard when you are investing. That there's always the risk of not making it through the numbers game and you can end up losing your investment in the first place. Personally, the important thing that you are going to consider is the path that you are taking and whether you are doing the necessary steps to get you to your goal always remember that you are what you do.

There's definitely no guarantee in this life.

There's definitely no guarantee in life but some kind of investments are riskier than others. There are investments with very low risk and promising high returns and this type of investments when done consistently makes one rich.
The most important step to involving in a successful investment is having a good knowledge about the investment you want to involve in.
There are many people who still invests hugely in things they know nothing about and such wouldn't know the risk level of such an investment.
An investor is a risk taker.

[Cryptmuster]

Planning and trusting your investment decision are crucial for success in any kind of investment including digital assets including Bitcoin. It is important to note that market conditions  continue to change and in particular crypto markets are very volatile which can potentially cause doubts and tempt us to sell our investment to avoid losses. However, this is where emotional control becomes important, as it enables you to remain patient, waiting for the return of bull market when you can reap the rewards of your investment decisions.

Having a good ability to analyze the market can allow you to get to your goal much faster, but even the most experienced make mistakes, so of course no one has any guarantees when it comes to investments. Those who think they can read the market well may end up choosing the wrong time to sell, perhaps in an attempt to buy later at a cheaper price, but may end up losing their investment.

[Trinx01]

There will be no easy way to become rich, it can be done by hard work, luck, skills, and knowledge. investing in Bitcoin is not an easy thing and it will never assure you that you can be rich by just investing, investing takes time, you can also learn trading which is a really good way of earning money but still risky you have to spend a lot of time learning about it before jumping into it.

[yazher]

Those who get rich by investing in bitcoins have multiple sources of income, so they don't have to worry about where to get some money after they decided to hold bitcoins. Others don't even know these rules and just go to rush on their investment without a second thought or don't have any other source of income. most likely they used all their money and some of them even go overboard by selling property which in the end they regret about it because they are not gonna make some earnings fast rather they need to wait for years in able for their bitcoins price to surely grow. That's why most of them quit before even getting to witness their bitcoins price increases its price multiple times.

[Sayeds56]

Those who get rich by investing in bitcoins have multiple sources of income, so they don't have to worry about where to get some money after they decided to hold their bitcoins.

It is a fact that who achieved wealth through investment in Bitcoin have diverse sources of income. This  financial stability enables them to approach their investments with long term perspective, without worrying for immediate returns.. Furthermore, many of these successful investors were able to recognize its potential of growth during the early stages when its price was at few dollars. It is a common observation that early adopters of any innovative technology are always at significant advantage.

[isaac_clarke22]

At least, if they can hold their bitcoins for a few years, they can expect to make big profits, especially if a bull run comes on the market. With what has happened to bitcoin so far, if someone can hold on for 3-4 years, they can sell their bitcoins in a bull run at peak prices.

But to become an investor requires a strong hand in holding the bitcoin. And not everyone can hold their bitcoins for 4 years because during those 4 years, the market will fluctuate and that's where their mentality will be tested. If they are strong, they can pass the test and sell their bitcoins at peak prices.

Apart from that, they must also know how to control their emotions so they don't panic when the market changes in price. And the most important thing is only to use the money you can afford to invest in bitcoin.

Some people just do have the bad luck though even by few years. Remember when Bitcoin was like down under 6k around 2018, and people were panic selling that time when they kinda expected Bitcoin to go over 20k? Bull run ain't a guarantee even after 3-4 years.

Sad reality is that becoming an investor requires you to somehow be above low-class people since everything you invest should be either you can afford to lose or you just don't care about it at all. This ain't a lottery that everyone can just win in an instant. Even if you're

[Zilon]

Investing with the aim to get rich is not a misconception but the time duration the investor sets on such asset is what may lead to greed and possibly loss of asset if patience is lacked. The sole aim of every investor is to get rich but been guided on how to control the urge to achieve this within a short time is where many investors struggle.

I have the mindset of sticking only to investments with a future. If it has no future then there is no point risking my assets on it. I don't mind how long it takes to profit from a project but the goal line is that it should be profitable on the long run.

[Litzki1990]

Investing with the aim to get rich is not a misconception but the time duration the investor sets on such asset is what may lead to greed and possibly loss of asset if patience is lacked. The sole aim of every investor is to get rich but been guided on how to control the urge to achieve this within a short time is where many investors struggle.

I have the mindset of sticking only to investments with a future. If it has no future then there is no point risking my assets on it. I don't mind how long it takes to profit from a project but the goal line is that it should be profitable on the long run.

The first objective of our investment is to make profit. we mainly invest to make profit. And it's not a bad thing to dream of getting rich with investment profits. But the problem is expecting too much from this investment. We can expect to get profit from investment but the idea that you will only get profit from investment is wrong because investment never guarantees you profit. Anything can happen to your investments. 
Investments have the potential to make gains as well as losses. If anyone ever tells you that an investment will make a profit, that person doesn't know the least about investing.

[Z390]

If you are not rich through investment it's your fault, you are either someone who think too less of himself or you like doubting yourself, you can also be the type that isn't ready to leave your comfort zone, getting rich comes with a price, are you ready to pay for it?

Someone who makes 1000$ a month and ready to buy 100$ for long term hold will make less money than someone who invested 800$ in Bitcoin right now and hold for long term, how capable are you?if you are so damn serious with your dreams they will come to past.

You will fail a few times, probably you lost your Bitcoin to hackers or you do something stupid that cost you your Bitcoin, it's part of the way to get rich, it's never going to go smoothly that's why the majority of people believe that getting rich is oy for some set of people.

[CarnagexD]

You will fail a few times, probably you lost your Bitcoin to hackers or you do something stupid that cost you your Bitcoin, it's part of the way to get rich, it's never going to go smoothly that's why the majority of people believe that getting rich is oy for some set of people.

Everything youve said is true but not everyone can afford being stupid and lose their investments. Also, failing once doesnt guaratnee you a profitable learnig where you can invest again perfectly, maybe possible if you get lucky. But it will take more than just the hopes of winning. It takes money, huge amount of money you can lose and huge amount of emotional readiness for the money you cant lose. It is always better to take yime learning the market first.

[dlightag]

It is truth investing on what you don't have knowledge can not make you rich, because you have to go for knowledge and information in a particular thing for you to get the knowledge on how it works to become rich, in other words, Bitcoin business, to be rich is sure, but not get rich quick. Therefore, information is very important in cryptocurrency industries market.