Investing doesn't guarantee you to be rich

[bangjoe]

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.

Basically, investment becomes the second option after having an active income every month, investing is to add value and maintain the value we have so as not to be eroded by a high inflation current in a matter of years.
I agree that investment does not make you rich, especially the money you use is not much, or in other words today you have $ 1000 money then you invest into shares/crypto and hope the end of the year becomes a billionaire, of course it is a silly mind, but this stigma Always a trend for those who are just familiar with investment especially when they see people who are lucky to get profit folds from shares/crypto so that they are tempted and have such mindset.

I think that if the investment is calculated, it goes well, and has a desire or ambition in its investment, if the investment still uses money that is not used for things or emergency, of course, in my opinion, may use the money that if you really are do not have plans to use it. In addition, the investment that you can go well, then we need to diversify our assets to other fields.

[1715075613]

1715075613

[Salahmu]

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.

I totally agree with you OP, so many persons venture into investment all because they saw people benefiting from there investment, so all of a sudden they became interested without even considering if actually they have a desire to really venture into investment or not, there only believe is that if people are making money through investment they did, he could actually make the same money after investing, forgetting that there are more things that must be met before investing, just like the OP said, you must know the risk involves because you can not predict how the market works as such you can make profit or losses your money, the desire and patient is also one of the things one should also consider.

[JayJuanGee]

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.

The HODL concept does not necessarily work for "crypto" or "shitcoins," so anyone needs to be careful in regards to employing HODL with various scams, whether ethereum or any other shitcoin you need to consider your exit... stocks also might be similar.... of course, you could pick various index funds, and so if you ultimately determine that the stocks have long term fundamental value, then HODL would work for the various stocks that may well have long down periods.. and sure of course with any investment you might end up being wrong, so HODL would not work if the fundamental value and strength of investment thesis is missing or maybe if circumstances have changed with such investments in order to contribute towards a weaker investment thesis for whichever asset (stock, properties, commodities).

In terms of bitcoin versus shitcoin, then surely it should be quite possible to figure out that bitcoin has a strong underlying value and therefore a strong investment thesis, yet since we realize that it's upward price trajectory is not guaranteed, we have to figure out an appropriate size of our investment into bitcoin in which we are either able to HODL through difficult periods or to add to our bitcoin position.  Those kinds of fundamental assessments are way less obvious when either speaking about shitcoin (crypto) generally, or even if we might go into each of the problems with the various coins that might have pump and dump possibilities, but not likely the same kinds of fundamental values (or strength of long term investment thesis) like bitcoin..

..so even though I personally suggest not to fuck around with shitcoins or to use vague terms like "crypto" when talking about what kinds of investments to make, if any of us do decide to have some allocation to shitcoins, we should be attempting to more particularly assess them.. and to figure out the extent to which HODL actually will work with those kinds of coins.. and not to be conceptually or descriptively lumping that crap in with bitcoin in vague kinds of uses of language.. because their is no such thing as investing into crypto - unless you really are getting distracted and involved in various scam products (ways of looking at the space) or even some of those crap "crypto" index funds that might cause you to falsely believe that you are investing better because you are "investing in more than just bitcoin," which likely just means that you really do not know what bitcoin is otherwise you would not be getting so distracted or lured into such products or ways of talking/thinking about how bitcoin relates to various shitcoins.

[GigaBit]

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.

Many people want to get rich through investing. Some are ready to take maximum risk to get rich while others want to stay away from risk.
Normally we get deep connection between risk and investment. There is no investment without risk. When an investor is able to take risk, he can be exposed to profit or loss. Those who can take more risk will also be able to gain more. But there is no assurance. Only those who patiently try to invest after taking risks can be succeed. Before taking risk, one must make a well-planned decision.

[bitLeap]

Analytical ability and patience in holding bitcoins is a way where we can be on a path that will make us financially healthy. In theory, maybe something like this looks easy, because we only need to buy and hold. However, in reality it is not as easy as we imagine, especially when the market is bathing in blood which sometimes makes many people panic and in the end they decide to sell it.

If someone already has market analysis skills then they already understand that the fluctuating market does not have stable prices and they already understand the risks, so there are only 2 ways to take action, buying and holding all the time until it reaches your dream target price.

If we have arranged financial allocations for long-term bitcoin investment, then we don't need to think about the short-term market impact like a price drop of 15k ago, we even have to increase investment at the lowest price from the reserve fund. I believe that many people have the opportunity to become rich from investing in Bitcoin if they are sure of long-term investment decisions.

Yes, we have been given the path to become someone who is financially successful when bitcoin was first introduced, it's just how we respond. Do we want to keep learning and make sacrifices to achieve something we want, or do we just want to be someone who has ideas on how to become successful in an instant way.
Talking about success in an instant way, who doesn't want that, I'm sure everyone will have the same thought, but the problem is whether there is a way that will make it happen? i don't think there is such a way.

Bitcoin is our chance, we can't just pass it up! 

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.

The HODL concept does not necessarily work for "crypto" or "shitcoins," so anyone needs to be careful in regards to employing HODL with various scams, whether ethereum or any other shitcoin you need to consider your exit... stocks also might be similar.... of course, you could pick various index funds, and so if you ultimately determine that the stocks have long term fundamental value, then HODL would work for the various stocks that may well have long down periods.. and sure of course with any investment you might end up being wrong, so HODL would not work if the fundamental value and strength of investment thesis is missing or maybe if circumstances have changed with such investments in order to contribute towards a weaker investment thesis for whichever asset (stock, properties, commodities).

Now, this is what must be understood as a whole, because sometimes there are people who only know HODL but they don't know which assets to apply and under what circumstances. Especially if it is applied to shitcoin, for me that is something that should not be done.
We can very well apply this concept to Bitcoin, but we can't necessarily apply it to other crypto assets, arguing that bitcoin and other crypto are the same thing.

Holding is something that has to be done with the right assets, lest we generalize in this space.

[Altryist]

Many people want to get rich through investing. Some are ready to take maximum risk to get rich while others want to stay away from risk.
Normally we get deep connection between risk and investment. There is no investment without risk. When an investor is able to take risk, he can be exposed to profit or loss. Those who can take more risk will also be able to gain more. But there is no assurance. Only those who patiently try to invest after taking risks can be succeed. Before taking risk, one must make a well-planned decision.

  Or big risks will lead to the fact that you will simply lose everything you had. From my observations, people tend to take less risk, even if the profit from this is much lower. To my surprise, many people still use the services of a bank when they put their money on deposit for a few percent per annum and think that their money is working. High risks and illiterate investment are extremes from which you should not expect a good result.

[Agbe]

~

Investing in Bitcoin is much more better than those shitcoins not because of anything but because of the value of Bitcoin over them. Bitcoin appreciate faster than them and there is less risk in Bitcoin. Because we can see many instances at the past on shitcoins.

Many people want to get rich through investing. Some are ready to take maximum risk to get rich while others want to stay away from risk.
Normally we get deep connection between risk and investment. There is no investment without risk. When an investor is able to take risk, he can be exposed to profit or loss. Those who can take more risk will also be able to gain more. But there is no assurance. Only those who patiently try to invest after taking risks can be succeed. Before taking risk, one must make a well-planned decision.

But to say the truth Bitcoin in particular has helped many out from the poverty zone to middle-class citizens in their various countries. Investing in Bitcoin and through the investment the person get rich, it was also part of his or her plan of investing. Like if someone purchased Bitcoin in 2022 when Bitcoin was 15k$ and 16k$  with the sum of 3k$ and the person hodl it for a very long period, as JayJuanGee said, that person will become a rich man in his area. Though there is risk but if the person can manage the risk and succeed in the investment. Men!!! The nigga/dude will make it in life.

[Lorence.xD]

Many people want to get rich through investing. Some are ready to take maximum risk to get rich while others want to stay away from risk.
Normally we get deep connection between risk and investment. There is no investment without risk. When an investor is able to take risk, he can be exposed to profit or loss. Those who can take more risk will also be able to gain more. But there is no assurance. Only those who patiently try to invest after taking risks can be succeed. Before taking risk, one must make a well-planned decision.

  Or big risks will lead to the fact that you will simply lose everything you had. From my observations, people tend to take less risk, even if the profit from this is much lower. To my surprise, many people still use the services of a bank when they put their money on deposit for a few percent per annum and think that their money is working. High risks and illiterate investment are extremes from which you should not expect a good result.

Big risk with high rewards is actually true, if you've invested first at yourself. You gather first the prior knowledge about the investment you will stake your money and how you could handle such losses in case. You can lessen those risk if only you have the plan, knowledge and persistent to do investment in this industry. It's not actually suprising to know that most people much prefer to use bank since not all of the people are aware on how Bitcoin works. If only they knew how to navigate or control it but for sure it will hook some people if they hear that Bitcoin is a decentralized system. Most people who use banks are actually for convenience too wheenver they need money since there's a lot of withdrawal machine in such places like abroad.

[Sayeds56]

But to say the truth Bitcoin in particular has helped many out from the poverty zone to middle-class citizens in their various countries. Investing in Bitcoin and through the investment the person get rich, it was also part of his or her plan of investing. Like if someone purchased Bitcoin in 2022 when Bitcoin was 15k$ and 16k$  with the sum of 3k$ and the person hodl it for a very long period, as JayJuanGee said, that person will become a rich man in his area. Though there is risk but if the person can manage the risk and succeed in the investment. Men!!! The nigga/dude will make it in life.

You have raised a valid point regarding Bitcoin influence on socioeconomic status of individual's life, resulting in numerous individuals to move from poverty to middle class. I have personnely observed within my friends and family circle who timely recognized potential of Bitcoin and engaged  in various endeavors of orypto space, such as investing and trading in Bitcoin, joining bounties and airdrops campaigns. Their impressive earnings through these endeavors is a testament to the empowering opportunities that crypto space provides for those who seize them.

[imamusma]

The goal of investing is to earn returns regardless of whether you will be rich with your returns or lose with them. After all, investment is also referred to as the best way for anyone to increase wealth because of the benefits, but on the other hand, investment is not the best way to maintain wealth because of the risks.

Investments don't guarantee wealth, of course. Then why? We may already know what the risks of investing are.
I don't want to repeat the many reasons that may have been mentioned by many users before my post, but at least if you invest then you have deliberately increased your probability of increasing wealth.

[Wildwest]

True as you said investing does not guarantee to be successful and rich, but by investing at least we already have a little confidence to get a success even though the path we go through many obstacles but with confidence we will definitely get something we want, although sometimes it cannot give us great wealth but to meet daily needs I think it is adequate, So in this case we must be ready to take risks, have desires without any coercion from others then everything will definitely go according to our wishes.

[Fuso.hp]

It is true that investing will never guarantee you that you can get rich by investing. Just as you have a chance of getting rich by investing, there is no guarantee that you will lose money. But if you invest in the right place at the right time, there are more chances of making money than losing money. Investing very few people lose money. Those who think of investing as just an investment succeed in investing but those who have a lot of plans around the investment or think that the investment will change their fortunes because of which they are more likely to fail than succeed when volatility is at work in them. Investing at the right time and waiting for a long time will surely make your investment successful.

[ringgo96]

As you explained that in investing we must have desires, beliefs, rules and most importantly must be ready to accept risk, because very many investors who have been successful now they have tasted bitterness in investing but they still rise until all desires can be achieved, although investment will not guarantee we will be rich but successful people today because they invest so much done, Of course, investment in various forms whose main goal is to get profits and be able to meet the needs of life.

[Franctoshi]

No risk and no reward, and thinking about becoming rich in any investment you do or want to do is ideal but not a certainty. There is no guaranteed profit for any investment because there are certain things we don't control when it comes to doing business.

Talking of risk-taking, a lot of people who have succeeded in running their businesses today are the result of taking risks, Not just anyhow risk but moderate risk-taking.

[blackened515]

As you explained that in investing we must have desires, beliefs, rules and most importantly must be ready to accept risk, because very many investors who have been successful now they have tasted bitterness in investing but they still rise until all desires can be achieved, although investment will not guarantee we will be rich but successful people today because they invest so much done, Of course, investment in various forms whose main goal is to get profits and be able to meet the needs of life.

Before investing in a project, I first of all, do some thorough research about the project to confirm if it's legit and has a solid road map, because there's numerous scams projects in the market. Investing in cryptocurrency is consider a risk, but we keep grinding for our daily bread, those sets of traders that are ready to give all they have, at the end its either a reward awaits them or a hugh loss. Take the risks, if you survive, you made it, if you lose, you lose. It's a simple path that's totally understandable and we look up to our responsibilities.

[JayJuanGee]

As you explained that in investing we must have desires, beliefs, rules and most importantly must be ready to accept risk, because very many investors who have been successful now they have tasted bitterness in investing but they still rise until all desires can be achieved, although investment will not guarantee we will be rich but successful people today because they invest so much done, Of course, investment in various forms whose main goal is to get profits and be able to meet the needs of life.

Before investing in a project, I first of all, do some thorough research about the project to confirm if it's legit and has a solid road map, because there's numerous scams projects in the market. Investing in cryptocurrency is consider a risk, but we keep grinding for our daily bread, those sets of traders that are ready to give all they have, at the end its either a reward awaits them or a hugh loss. Take the risks, if you survive, you made it, if you lose, you lose. It's a simple path that's totally understandable and we look up to our responsibilities.

It would be dumb to invest in crypto currencies.

But it would be smart to invest into bitcoin, and to figure out your position size in accordance with your level of feeling bullish or bearish about it, but everyone should get the fuck off zero if they do not own any bitcoin (or if they ONLY own small or symbolic amounts of bitcoin, then they also likely need to UP their bitcoin game), and therefore perhaps a 1% allocation into bitcoin if they are relatively whimpy and skeptical about it and perhaps up to a 25% allocation if they are more bullish and aggressive about it.. .and at the same time, getting started is one thing with something like a 1% to 25% allocation, but after getting started, it would likely be better to try to learn about what is bitcoin and also to individually tailor your bitcoin allocation and/or targets (and accumulation strategies) in ways that are more aligned to your own particular individual circumstances..and views about how bitcoin might perform as compared to other assets is only one of the categories to try to figure out in order to attempt to be a somewhat informed bitcoin investor.

Your uses of the term "cryptocurrencies" blackened515 likely demonstrates that you don't know bitcoin or that you are just being sloppy with your language use, which hardly makes any sense if you are actually trying to talk about bitcoin rather than some vague and amorphous concept that you lump into a vague and amorphous term (namely crypto currencies) that you might have heard some other "seemingly smart" person use.. but if such other person(s) use such a vague and amorphous term without actually accounting or particularly contextualizing bitcoin, then such person(s) probably are not as smart as they might seem to be.

[Sayeds56]

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.

Indeed, it is fascinating to consider that Bitcoin may not make you wealthy in a short period, it also doesn't necessarily decrease the value of your capital. This also implies the importance of making well informed decisions and avoid reckless speculation. It is quite natural to become ambitious when you start achieving success, but it is crucial to control it by understanding the viable investment strategies, such as DCA (Dollar cost averaging). Making impulsive decision without considering risk tolerance level can be detrimental.

Investment in Bitcoin is a relatively wise decision in the context of its ability to hedge against inflation and its outstanding performance during the past 15 years.

[MusaMohamed]

It would be dumb to invest in crypto currencies.

But it would be smart to invest into bitcoin

People think Bitcoin and cryptocurrency are the same. They think they will get rich with alternative cryptocurrencies from Bitcoin stories like Pizza story which is abused by altcoin projects.

If in 2009, you missed Bitcoin
In 2023, you don't miss our project  

They have to be woken and enlightened that they will lose money very easy if they are greedy with Altcoins. Those articles have different numbers of failed projects by different methodologies but their numbers are all big. Actual number of failed altcoin projects can not be known because many 'projects' are created and died within minutes when they failed to pump and dump their scam, fraudulent games.

How many cryptocurrencies failed ?
Between 2013 and 2022, 2,383 Cryptocurrencies Fail, But a New Era Dawns in the Crypto Industry
Charting the Number of Failed Crypto Coins, by Year (2013-2022)

[Dr.Osh]

No risk and no reward, and thinking about becoming rich in any investment you do or want to do is ideal but not a certainty. There is no guaranteed profit for any investment because there are certain things we don't control when it comes to doing business.

Talking of risk-taking, a lot of people who have succeeded in running their businesses today are the result of taking risks, Not just anyhow risk but moderate risk-taking.

well, as said before, that there are no guarantees for success in investing, so the choice is, stick with our current situation, or take risks.
Actually, quite a lot of people know the risks involved in investing, because it requires mental preparation, and others as mentioned by the OP. It's just that, sometimes the desire of investors in investing is to get fast profits, and also they believe that their choice is right without doing in-depth research. so, sometimes when their investment doesn't work, they don't accept the situation. However, if you don't want to take risks, then don't invest. the bottom line is that investing does not guarantee success, but very many people are successful in investing.

[JayJuanGee]

quote author=JayJuanGee link=topic=5451908.msg62497606#msg62497606 date=1688392561

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.

Indeed, it is fascinating to consider that Bitcoin may not make you wealthy in a short period, it also doesn't necessarily decrease the value of your capital. This also implies the importance of making well informed decisions and avoid reckless speculation. It is quite natural to become ambitious when you start achieving success, but it is crucial to control it by understanding the viable investment strategies, such as DCA (Dollar cost averaging). Making impulsive decision without considering risk tolerance level can be detrimental.

Investment in Bitcoin is a relatively wise decision in the context of its ability to hedge against inflation and its outstanding performance during the past 15 years.

You misquoted that post Sayeds56...  I did not say that... it was karabiber.. so I fixed it in this post..