Investing doesn't guarantee you to be rich

[asrinur]

It is true that investing does not guarantee a person will be rich. But with a strong desire, adequate knowledge, good rules, wise risk management, organized planning, and self-belief, we can increase our chances of success and become rich in investing.

[1714997949]

1714997949

[1714997949]

1714997949

[1714997949]

1714997949

[1714997949]

1714997949

[1714997949]

1714997949

[Sayeds56]

Investing doesn't guarantee you to be rich

Investing is a way to potentially grow your wealth overtime, but it is not a guaranteed formula to get rich in short or long term. There are numerous examples, such ENRON, FTX and LUNA, serves as reminder that investing is always associated with risk, and companies can face financial distress, and even can go bankrupt, resulting in investors losing their hard earned money. There are several factors those can influence the outcome of investment decision, such as timing of investment, individual's expertise level,market conditions, overall state of the economy and natural disasters. In order to achieve your financial goals, it is important to carefully establish your strategy in consultation with financial advisors, and evaluate your risk tolerance level before making any investment decision.

[Lorence.xD]

No one can guarantee to earn profit through investment. Because there are many types of risks hidden inside the investment that cannot be understood from the outside.

I have read somewhere that you can’t make money if you are saving your money. You have to make money from money, and that too from investing only. I have seen often people keep on saving the money and later target someone who invests and gets some money. They don’t want to take the risk but still want to be rich. Hence, to make money, you need to have the guts to invest and take risks. I know investing has a lot of risk, but if you won’t take it, then how can you be successful? Yes, investing with proper guidelines and precautions will surely help you make good money.

Exactly, because by saving money for sure you would be using that money in the future in the end you're saving would be empty. So that's why it would be better to make those money work for you than store it, of course there's no guarantee that you would be rich in investing but studying it would help you gain knowledge and once you've enter in this industry you would gain experience which needed for you to grow so that you're money would also grow. Investing has a risk involves but you can lessen those risk if you study enough before trying things out, it's a win-win situation if you risk that risk since if you earn then that's good but if you lose you will still earn which is experience.

[Juse14]

Yes, it's true that investing doesn't guarantee you are rich, but by investing you can increase your chances of becoming rich but with some terms and conditions and you have to master and understand them first about investing, otherwise you might be trapped by fraudulent investments.

Even though investment doesn't guarantee you are rich, with investment at least the money you spend will be useful.
many people have money but they can't start a business because they don't master it, so investment is the solution so that their finances rotate and make a profit from the investment. And there are also many people who understand and master ideas about business but are constrained by finances so they cannot start a business or those who already have a business but have not been able to develop and advance their business due to financial constraints, so these investors are a solution so that they (entrepreneurs) can start and grow their business.
And this is mutually beneficial to each other so that it becomes a symbiosis of mutualism between entrepreneurs and investors through investment. Entrepreneur can start his business and investors can benefit from the money he invests.

[armanda90]

Actually investing doesn't guarantee to be rich but depend on mindset when investing in bitcoin, some people invest their money in Bitcoin as saving assets at the future than holding in the bank, but has some people with their mindset investing for reaching goal with investment funds increasing up at the future with assets investment going to higher price. Its not mistake with some people mindset want to be rich by investing in bitcoin due they have right way when moment for buying bitcoin. For long term saving assests its not problem as investing and use it at the future but have good planning when investing and want tk earn profit as soon possible.

[salad daging]

No one can guarantee to earn profit through investment. Because there are many types of risks hidden inside the investment that cannot be understood from the outside.

I have read somewhere that you can’t make money if you are saving your money. You have to make money from money, and that too from investing only. I have seen often people keep on saving the money and later target someone who invests and gets some money. They don’t want to take the risk but still want to be rich. Hence, to make money, you need to have the guts to invest and take risks. I know investing has a lot of risk, but if you won’t take it, then how can you be successful? Yes, investing with proper guidelines and precautions will surely help you make good money.

Saving money or what is called saving in fiat then it will not produce anything it will be affected by inflation that occurs every year, that is not a good way to get rich even a millionaire can make more money is from the investments they make of course they take the risk yourself and this is one of the courage they do.

There is always a saying that when you take a high enough risk, the return will be high, but when you take a small risk, the profit is small but it will be more stable and will not make us worry about a sharp decline.

Successful people always take risks in their investments, for example how to invest in bitcoin, of course the risk is still quite large, but because our belief in bitcoin investment is strong and bitcoin always has a good history of increasing, that's what I do.

[Sayeds56]

Successful people always take risks in their investments, for example how to invest in bitcoin, of course the risk is still quite large, but because our belief in bitcoin investment is strong and bitcoin always has a good history of increasing, that's what I do.

I completely agree with your opinion that successful people always take risk to achieve their goals, but it is important to understand the complexity of relationship between risk and success. Risk can act as a double-edged sword, capable to leading to success if used wisely, on the other hand taking risk without using adequate risk management strategies, can also result in disaster. There is no doubt that Bitcoin has created many millionaires who took calculated risk and made timely investment decision to buy, hold and sell it at the right time. However, making decision to invest in any asset including Bitcoin should be done after due diligence, keeping in view individual's financial situation and risk tolerance level.

[MusaMohamed]

No one can guarantee to earn profit through investment. Because there are many types of risks hidden inside the investment that cannot be understood from the outside.

It is true. For safety of your life, "Don't invest more than what you can afford to lose", this sentence is not my words and I only repeat a famous advice in investment.

Bitcoin is risky but if historically if you hold your bitcoin a few years, you get good profit. It is a fact when we look back at Bitcoin history. Its future, and will you get profit by holding it a few more years, I don't know.

Bitcoin profitable days. % profitable days holding Bitcoin: 89.3%.

HODL.camp. It suggests you to hold your bitcoin 5 years and 1 month.

I have read somewhere that you can’t make money if you are saving your money. You have to make money from money, and that too from investing only.

Invest to enrich your initial capital but keep your initial capital safe is more important.

If you lose your capital by investment, it is bad. It is better if you don't invest.
If you lose your capital by saving in banks, it is bad. It is better if you don't send your fiat to banks just to get small interest and then lose all capital.

[Rupok]

Such trend is observed among many investors and traders who have wrong idea about investment. They find the way to get rich easily and they think it is possible with Bitcoin investment.There are many success stories in Bitcoin investment, and they get inspired by these stories and plan to easily become successful by keeping their hard earned money in Bitcoin and other assets.  But many people don't know that there are many strategic ways of investing that you can never succeed without knowing.Just as there are success stories with Bitcoin, there are also failure stories.  Those who invest in Bitcoin for the long term can make good profits, but short-term investors face more risk.

[dhruvfire]

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.

Desire will not make you rich. Everyone on the earth has the desire to become rich but we can see that majority are poor.

[DeathAngel]

Of course investing your money in certain assets or commodities doesn’t guarantee to make you rich but I will tell you one thing, keeping your money in fiat in the bank won’t make you rich. You’ll actually get poorer every year that way through the stealth annual tax, aka inflation. Buy bitcoin & relax, long term your money will grow in value.

[Raflesia]

No one can guarantee to earn profit through investment. Because there are many types of risks hidden inside the investment that cannot be understood from the outside.

I have read somewhere that you can’t make money if you are saving your money. You have to make money from money, and that too from investing only. I have seen often people keep on saving the money and later target someone who invests and gets some money. They don’t want to take the risk but still want to be rich. Hence, to make money, you need to have the guts to invest and take risks. I know investing has a lot of risk, but if you won’t take it, then how can you be successful? Yes, investing with proper guidelines and precautions will surely help you make good money.

When talking about savings even though it is something good but it does not make money.
It's just a collection of money that we set aside for a certain period so that the money becomes a lot, but that doesn't mean we make money there because we look at the conditions. savings, regardless of the amount of money saved in the end, if left for one year, two years or more, the nominal will still be the same as what we saved before.
In contrast to investment, of course there is one thing that is more, namely the possibility of profit in it, even though in the end we also have to have the risk of losses incurred, but of course I think that is the result of what we do because everything has a concept of cause and effect where if indeed we want to take something risky then we must be prepared and try to pass the risk.
If in the end we choose investment, especially for bitcoin, then in this case you have to be prepared for the risk where you can get a loss if you don't really make an investment well, but on the other hand there are conditions where when we do it right and keep holding back the belief that bitcoin will get better in the future I think there are certainly good results from the investment you make.

[Dickiy]

Of course investing your money in certain assets or commodities doesn’t guarantee to make you rich but I will tell you one thing, keeping your money in fiat in the bank won’t make you rich. You’ll actually get poorer every year that way through the stealth annual tax, aka inflation. Buy bitcoin & relax, long term your money will grow in value.

In fact, saving money in crypto assets is more profitable than in a bank, because there are many differences regarding advantages and I think most people already know which one is better. Saving at a bank is generally considered to be safer because it is protected by banking laws and has a strong security network, but indeed over time someone will lose their money little by little due to factors from several government regulations, one of which is what you said. i.e. taxes or loss of value due to inflation that occurs. If indeed one's goal is to save to get rich then Bitcoin is the answer, although on the other hand the value of Bitcoin can experience significant fluctuations in a short time I don't think it will be too problematic if someone targets their savings for the long term, at least the next 10 years to be able to get some profit . Keep in mind that saving in a bank by saving in Bitcoin has advantages and disadvantages of each and everything depending on one's point of view and needs.

[JayJuanGee]

~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.

Of course, m2017 points out one of the more important things that OP had left out of his presentation of the important things that need to take place, which is action, and it is possible to start to act in regards to your investment plans right away and right from the position in which you are at, including planning is a kind of action.. but there is also the various actions of actually starting to set aside money on a regular basis and to build capital - including realizing that if we merely save money, then it is not likely going to appreciate in value.. and in fact, the money that we save will likely decrease in value faster than we can save it, and that is part of the justification why there are needs to figure out and find ways to invest into things beyond merely saving and building money that is not even keeping up with the cost of living increases.

The action from the start is to figure out your own situation, and how much money that you coming available to yourself on a regular basis, whether that is looking at your cashflow weekly or monthly or some other logical basis that makes sense to you.

Besides cashflow you need to consider how much bitcoin you have already accumulated (if that is part of your investment portfolio), your other investments besides bitcoin (including cash reserves), your view of bitcoin as compared with other investments, timeline, risk tolerance, and your time, skills, goals (investment/lifestyle targets , which includes figuring out the extent that you are in BTC accumulation, maintenance or liquidation stage) and your abilities to strategize, plan, research and learn along the way including tweaking strategies from time to time to consider trading, reallocating, use of leverage and/or financial instruments.

Figuring out each of these categories and putting a plan in place is a kind of action, and maybe it takes you a few days to put together a plan, or maybe it takes you a month or longer, yet I would not let the perfect to become the enemy of the good, because you should be able to get started investing (especially into something like bitcoin) while you are clarifying the various categories of information that I outlined above.  Get started sooner rather than later and continuously tweak your plan, whether you start out by investing $100 per week, $10 per week or some other amount that you think is a good starting point, and then as you continue to build your investment, then you can tweak your approach and even figure out your goals more specifically.. and so maybe we know your long term goal might be to become rich.. such as reaching a kind of fuck you status (which means that you do not need to work anymore for your income) or maybe you just want to have more options or to live more comfortably than you do right now (with fewer worries about money). .. but you still do not need to figure out each and everything before you get started, including that you can start with a small enough amount that you know that you will not miss and as you get more stake in the game (such as accumulating bitcoin), then you likely become more informed about which direction you should continue to pursue and which aspects that you need to tweak involving how much BTC you believe that you want to accumulate and then how to get there whether it involves DCA, buying on dips, lump sum buying or a combination of those kinds of BTC accumulation techniques.

No one can guarantee to earn profit through investment. Because there are many types of risks hidden inside the investment that cannot be understood from the outside.

I have read somewhere that you can’t make money if you are saving your money. You have to make money from money, and that too from investing only. I have seen often people keep on saving the money and later target someone who invests and gets some money. They don’t want to take the risk but still want to be rich. Hence, to make money, you need to have the guts to invest and take risks. I know investing has a lot of risk, but if you won’t take it, then how can you be successful? Yes, investing with proper guidelines and precautions will surely help you make good money.

This is exactly one of the facts of our modern lives.  Every single fiat is decreasing in value so rapidly that we are not able to just build up our cash - without the ongoing eating away of the value because it is likely to decrease faster than we can add to it, and sure there could be scenarios that you have built up enough cash that you are set - even though one of the concepts of maintaining your value or even living off of your savings would be to be able to live off of the interest (or the yield) rather than living off of the principle.  So there never really have been good ways to hold cash that allows you to live off of your interest, and it seems to have had become more apparent in recent times as compared to earlier times when it seemed that some of the currencies held their value better than others, and even now, the dollar is considered amongst the best (if not the best) of the fiat currencies in terms of holding its value, but many of us likely appreciate that the dollar is not in a very good position in terms of the likelihood that it is going to be able to continue to hold its value and not deteriorate greatly in value (which means that everything is going up in price in exponential ways, and we need to have our investments/savings to be able to keep up with that.. and even better yet, we want our investments/savings to perform better than the cost of living increases.. so that we become richer by what we had chosen to invest into... whether bitcoin or some other ways in which we allocate our portfolios to various assets, such as stocks, property, commodities, and/or cash equivalents including bonds (and I am not referring to investing in shitcoins, since that seems pretty dumb unless you are already rich then maybe you can fuck around with putting some value into that crap).

I don't care about this Scheme. And it is clear that investing in bitcoin will make you rich. You have to look at the history of bitcoin from year to year and you will calculate the big profits that come your way. Everyone is saying the same thing here, but believe it or not investing in bitcoin will make you rich with huge returns for years to come.

It's no wonder why there are so few millionaires because they postpone the wealth that comes as a result of this be it worry or a minimal level of knowledge. I believe people don't always have to say that investing doesn't guarantee you will be rich. We have to make changes in ourselves and how sorry you are for selling bitcoin at low prices.

But of course it would really be depending on how much you had invested on Bitcoin if you are really that planning on getting rich with it. You cant really expect yourself on being rich
while your investment doesnt really correlate or get aligned on it or you are trying out to achieve.This is why you should really be that realistic about your goals and not on hoping on something which
cant really happen even Bitcoin would pump out and you had just invested a thousand or 1k then even getting that x10 on price increase or folds on bitcoins price would really be just
ending you up on having 10k which it isnt something that would really be considered as a financial freedom.This is why if ever you are really that planning to be rich
then the bigger the better but of course you should really be that mindful about the risks because there's no assurance that we would really be heading there.

This is a good point, and we need to figure out ways to build our investment portfolios into decently large amounts before their values start to seem like life changing amounts, and even if we were investing $10 per week, it is going to take us 2 years just to get up to a $1k investment. but a $1k investment is still better than nothing, even though we might realize that we might need to figure out ways to increase the amount that we are able to invest if we are really expecting to be building life changing amounts, and I am not even criticizing the person who is ONLY able to invest $10 per week or less, because each of us can ONLY invest as much as we are able to invest, even if we are able to identify where to invest (and perhaps that would be starting out with bitcoin, and perhaps there might be ways that we try to manage our cash in terms of how we invest in bitcoin)..

so it can take a decently long time to build an investment portfolio, and if we realize that in traditional investing, it sometimes can take 30-40 years or more to build an investment portfolio to significant/meaningful levels, and we cannot necessarily conclude that bitcoin (or any other investment) is going to considerably short-cut how much time that we might need to build our investment portfolio, but there are still ways to attempt to be aggressive in our investment (without being overly aggressive that we end up recking ourselves) in such a way that we are increasing our chances to be able to reach our goals in much shorter times than 30-40 years, and perhaps we are able to cut the timeline in half our maybe greater.. especially with something like bitcoin included in our plan (and our portfolio), but we still likely need to be prudent and reasonable in our bitcoin accumulation approach, even if we might still attempt to be somewhat aggressive about our accumulation too (and I am not talking about trading in order to accumulate BTC, but just being aggressive in a variety of ways that we set aside amounts to build our bitcoin holdings -  while at same time, if we come to realize that we are building certain kinds of skills that might allow us to accumulate more BTC without putting our principle at risk, then there is nothing wrong with employing more advanced techniques once we have spent time learning about and honing such more advanced bitcoin portfolio management.

So I think that part of my point is that there is both planning and action that results in ongoing learning so that there is ongoing tweaking of plans based on learnings, and the tweaking of plans does not even necessarily mean that the overall course of action is changed. but just that some strategies might be tweaked from time to time that might involve cash management or how to buy BTC with DCA, buying on dips and lump sum investing when we know that it is nearly inevitable that bitcoin's price will continuously and ongoingly change on a regular basis.

[flyingcarpet]

Yes! Investment does not guarantee financial success. It can provide opportunities to earn a handsome amount of money, but it comes with risks. Understanding economic conditions, fluctuations, portfolio diversification, and other factors that may influence your earnings is crucial. To succeed, you need a thorough investment strategy and an exit strategy in place.

In today's social media, they say that if you invest, everything will automatically get better. None of them tell you what the investor needs to know, the risks and the right information.

Being busy on social media takes precedence over many things. They would rather say an interesting word than the right word.

Investing does not guarantee that we will get rich. It only gives us a chance to seize opportunities. With the right moves at the right time. There are many factors to invest in and acting without considering these factors can lead us all to mistakes. The investor can invest with both the articles the OP mentioned and the positive things I have seen in many comments. Of course, he needs to weigh these things in his own mind. If it is appropriate, he will invest.

And most importantly, as you say, the investor needs a comprehensive investment strategy.

[MusaMohamed]

Besides cashflow you need to consider how much bitcoin you have already accumulated (if that is part of your investment portfolio), your other investments besides bitcoin (including cash reserves), your view of bitcoin as compared with other investments, timeline, risk tolerance, and your time, skills, goals (investment/lifestyle targets , which includes figuring out the extent that you are in BTC accumulation, maintenance or liquidation stage) and your abilities to strategize, plan, research and learn along the way including tweaking strategies from time to time to consider trading, reallocating, use of leverage and/or financial instruments.

I always have cash reserves which I plan to do for dollar cost averaging but a more important plan is for emergency. The cash reserve for emergency will be intact, won't change if I won't suddenly become rich. The cash reserve for dollar cost averaging will be changed a lot with my new cash in from my income and money I have after my monthly expenses.

I can continue or postpone my dollar cost averaging, it is not a big issue but I try to do it as much and as most regular as possible.

I see the cash reserve for emergency is very important because if I use all my cash for investment, if I urgently need cash for emergency, I will have to sell my bitcoin at price I don't want to sell. It can be price that gives me small profit but worse give me big loss.

[siedemtrzy]

Yes! Investment does not guarantee financial success. It can provide opportunities to earn a handsome amount of money, but it comes with risks. Understanding economic conditions, fluctuations, portfolio diversification, and other factors that may influence your earnings is crucial. To succeed, you need a thorough investment strategy and an exit strategy in place.

In today's social media, they say that if you invest, everything will automatically get better. None of them tell you what the investor needs to know, the risks and the right information.

Being busy on social media takes precedence over many things. They would rather say an interesting word than the right word.

Investing does not guarantee that we will get rich. It only gives us a chance to seize opportunities. With the right moves at the right time. There are many factors to invest in and acting without considering these factors can lead us all to mistakes. The investor can invest with both the articles the OP mentioned and the positive things I have seen in many comments. Of course, he needs to weigh these things in his own mind. If it is appropriate, he will invest.

And most importantly, as you say, the investor needs a comprehensive investment strategy.

Well, I think we all agree that we shouldn't trust anyone on social media, especially big crypto influencers. Hals of what they say is paid by someone else, the other half is just pure nonsense straight from their heads. I don't say that they all like that, but definitely most of them.

[Sayeds56]

So I think that part of my point is that there is both planning and action that results in ongoing learning so that there is ongoing tweaking of plans based on learnings, and the tweaking of plans does not even necessarily mean that the overall course of action is changed. but just that some strategies might be tweaked from time to time that might involve cash management or how to buy BTC with DCA, buying on dips and lump sum investing when we know that it is nearly inevitable that bitcoin's price will continuously and ongoingly change on a regular basis.

Indeed. effective planning and taking appropriate are crucial elements in achieving achieve success, and ongoing learning plays a vital role in adapting and refining strategies overtime. When it comes to investing in volatile assets like Bitcoin it is important to understand that markets are always dynamic and often they make unpredicted moves, therefore managing cash to capitalize on every significant dip becomes very important. Moreover, making a single significant investment in assets like Bitcoin is suitable for those who have strong conviction in Bitcoin's future prospects.

In summary, there is no guarantee that investment in any asset class can make you rich, considering Bitcoin in the context of its historical track record, suggest bright prospects of substantial returns in the long term.

[karabiber]

Investing may not make you 100% rich but it will open a door for your next generation. Today there are two groups that make money hard and earn easily. Due to the negative effects of inflation, it is almost impossible to have something by working in my country. People invest in whatever they can invest in. Investing in the crypto market and stock markets is very attractive and is one of the main tools to protect our earnings against inflation. Therefore investing will always protect you against inflation.

You will not become rich by investing but you will not reduce your capital but it should not be forgotten that making a good investment causes your ambition to increase. When you become ambitious, you decide to invest more. But this is not correct behavior. You should stand by and proceed with Hodl in such a case. You should also be prepared for market fluctuations. Avoid investing if you have a weak hand. When investing, you should always be open to change and investment strategies from 15 years ago will not work.

[Freddie Boyer]

You will not become rich by investing but you will not reduce your capital but it should not be forgotten that making a good investment causes your ambition to increase. When you become ambitious, you decide to invest more. But this is not correct behavior. You should stand by and proceed with Hodl in such a case. You should also be prepared for market fluctuations. Avoid investing if you have a weak hand. When investing, you should always be open to change and investment strategies from 15 years ago will not work.

Surely the skeptical attitude must be thrown away. yes, as you mean, emotional control in the crypto world is the main thing and revenge and against the mainstream besides the end goal as the title OP wrote that Investing does not guarantee you will get rich. We are, now many are proficient and have their own ways and tips on investing and navigation.