Investing doesn't guarantee you to be rich

[JoyMarsha]

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.

Anyone who invests in bitcoin or any other commodity should have that understanding, that investment does not ensure financial success. Investing their hard-earned money in bitcoin should be considered a risky move because no one can predict its future results, including whether they will be profitable or not. Although it appears that a crypto investor only loses money in bitcoin when they decide to sell their bitcoins for less than they originally invested rather than hodl. There will undoubtedly be gains in the portfolio of crypto investors if they decide to hodl rather than sell.

[1714961996]

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[Aikidoka]

Maybe it doesn't "guarantee" it, but certainly beats any other option. If you are investing into something stupid then yeah you are going to end up losing your money, but if you keep on investing into bitcoin for many years, even decades, then you will most likely do better than most other assets. People always look into things like "would this make me rich" but they forget, they will do something with their money one way or another and this is just a discussion of which one is better, not a discussion of which one works. This means if you invest into gold, stocks, houses, cars, business, whatever you want to, all of them has a risk and none of them guarantees you to be rich as well, even if you do nothing and just keep fiat, that will lose value due to inflation. So all in all, bitcoin doesn't have to guarantee you anything, it just needs to be better than another options that's it, and it would still be a valid choice.

Bitcoin is indeed a good choice for investment, but honestly I believe there are also many other good options to invest your money in as well. It's better to invest in the things that you find in your top 3 choices and then wait for the profits. It's advisable not to put all your money into a single investment as it can be so risky. If that investment fails it would result in a huge loss that might be really hard to recover from.

Bitcoin is particularly suitable for long-term investment and those familiar with its history understand its potential to reach extraordinary prices in the coming years. Additionally, I feel like investing in real estate could be a highly promising option too. Like for example, in my country I have never seen anyone lose money when investing in real estate. It's considered a top-tier type of investment imo.

[pantek talacuik]

No coin in this crypto market can give you a hundred percent guarantee that you will profit from it, but if you invest in good projects and buy at the right time, there is a chance of making a lot of profit.

It seems that everyone who invests in virtual currencies already knows this if they were born or only recently learned about virtual currencies. This is something you have to take and a big decision that will lead you to how this happened or not.

[rby]

This means if you invest into gold, stocks, houses, cars, business, whatever you want to, all of them has a risk and none of them guarantees you to be rich as well, even if you do nothing and just keep fiat, that will lose value due to inflation.

The most apt statement. There is a level of risk attached to anything you are doing. Be it investment, business, savings and even if you do nothing you are still at risk. The difference is the level of risk.
Someone investment to be able to feed a family will have a slim lot size of investment and may likely not run into bigger risk. This cannot be said to someone who is investing to secure an air craft.
The more expectations of return, the riskier the investment. But then some people actually invest in stupid things and expect luck to play a role it is not assigned by nature to play.
It is therefore correct that investment doesn't totally guarantee richness but then doing nothing means stagnancy.

[Asuspawer09]

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.

That would still depend on how you're going to handle your money, your investments, your savings, etc. I mean you could totally earn a big amount of profit in cryptocurrency by investing in it, but earning millions is nothing if you don't know how to handle your money and how you're going to grow it, maybe you earn million but then you just spend it on expensive stuff, then you're just going to end up broke again even though you earn a big amount of profit, if your spending is bigger than your saving it just wouldn't make any sense you're still going to be broke in the end.

For sure investing in cryptocurrency, buying bitcoin, etc. doesn't guarantee you to be rich, there are only a few lucky investors who have been able to be rich on Bitcoin investment and cryptocurrency. Yes, you can do it probably but it doesn't mean it's going to happen what is guarantee here is your going to earn a good amount of profit if you know what actually is your doing, and compared to other sources of income maybe we an call it some sort of shortcut since profit on cryptocurrency is higher even though it is riskier.

[Dr.Bitcoin_Strange]

It is fine to invest whether it guarantees you to be wealthy or not. The worst thing that could happen is that you didn't invest at all because of fear of not getting rich through investment.
In everything in life, there is an iota of risk attached to it.
People that are willing to take such risks are the people that are always the rich ones. This kind of post in Op encourages laziness and fear of breaking through your comfort zone.

My only advice is anyone investing should have a good knowledge of whatever they are investing in. A good investment can make a difference in your life while a bad investment can ruin your chances of becoming wealthy.

This statement you made reminds me of something my friend said some years ago, and every time he sees me, he always regrets not taking the decisions I convinced him to make then. Although it's not too late for him to start, but he's so weak.


Look what happened: he chose me as a friend, but in him, I never had a friend because he had no good visions or goals for his life, and I noticed It would just be a kind of parasitic relationship between us, so I just kept the relationship neutral. After my graduation from the university, I was just working on a few things (jobs and hustles) to help me build my business, but at some point I travelled to my home town, and this friend was just sitting at home all day long, visiting friends and playing games. Although he gambles a little bit, it's not that hard because he's got no money to even spend on gambling. He was just wasting his time for nothing. So, I advised the guy to invest in Bitcoin and hold it for a few years, and he will make some profit to start up something, but he said he's got no money to invest in Bitcoin, and I told him that apart from Bitcoin, he can invest in other things or possibly invest in himself instead of wasting his time every day sitting at home doing nothing, but this guy was not positive. I offered to let him stay in the city so he could get a job, save up some money, and do something meaningful for himself. It was then that I made a statement by telling him to "leave his comfort zone", but his response freaked me out; he said even other people have a better comfort zone where they are so comfortable eating and drinking (living good life), but that what I see as a comfort zone is not really a comfort zone for him. He said he was facing hell in his comfort zone, but I still advise him that since home is not a comfort zone for him, he should take the challenge to leave home and come to the city where he can get a job. He was adamant; time travelled so fast, and we have crossed almost four years now since I gave him the advice. He is aware of every price of Bitcoin since 2020 to date, but he has not invested because he has no money to do so.


So, based on the OP, even before someone can be rich, they must be rich in their thoughts (mindset). My friend had a poor mindset, and I believe that even if he had taken my advice to invest, that would not have guaranteed his success because his mind is not made up to be successful. Someone once said that "to become successful, you will try and fail for some time before you can actually become successful at the end." So, someone who is not ready to let go of their past failure will not be successful; someone who cannot rise up after they fail will not be successful. Someone who is not prepared for success will never see it because success comes with a lot of obstacles.
@rby, Based on what you've said, I agree with you.


Cheers 🥂, Dr.Bitcoin_Strange 👺👺

[Fullcoinese]

So, based on the OP, even before someone can be rich, they must be rich in their thoughts (mindset). My friend had a poor mindset, and I believe that even if he had taken my advice to invest, that would not have guaranteed his success because his mind is not made up to be successful. Someone once said that "to become successful, you will try and fail for some time before you can actually become successful at the end." So, someone who is not ready to let go of their past failure will not be successful; someone who cannot rise up after they fail will not be successful. Someone who is not prepared for success will never see it because success comes with a lot of obstacles.

i think your friend is actually aware and knows but maybe he is too lazy to do it. everyone has to get rid of laziness in himself to be able to develop.
yes, you are absolutely right, it will be very difficult if we awaken someone who doesn't have a visionary mindset and doesn't have the spirit to fight to improve their future by choosing to stay in their comfort zone and don't want to take any risks to develop.
everyone has the desire to be rich and successful in the future, but if they don't want to take any steps and take any risks because they are too afraid of not succeeding then that person will be far behind, even though failure is something that almost everyone has experienced.
we will never achieve success and wealth if we cannot see the opportunities and opportunities that exist. everyone must have a high fighting spirit and not give up easily to be successful.

[LDL]

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:
2. INVESTING ON MIND:  
3. RULES:
4. ACCEPTING THE RISK:
5. PLANNING :
6. CONFIDENCE :

All the qualities you mentioned are very important for investing. An investor must adhere to the above qualities. If one does not want to invest and if he goes to invest against his mind then there is definitely a possibility of loss instead of profit in that investment.
An investor must implement pre-planned decisions to make. An investor doesn't suddenly jump into investing on a coin, before investing, an ideal investor does a lot of research on that coin and analyzes the market before investing.
An investor must have a lot of knowledge on risk management. An investor never wants to get super rich in a short period of time because risk management involves no investment that makes you rich overnight. Moreover, if you want to invest, you must have confidence in the investment and have the honest courage to deal with the various risks involved in the investment. Moreover, investors who do not have all these qualities never get any positive feedback from their investments.

[Ricardo11]

No investment will guarantee you get rich. Because the investment market is very difficult. You can make profit or loss from here. No one will guarantee you that you will be able to profit from it. But if you invest wisely, your chances of profiting from your investment will increase slightly. Invest cautiously by scrutinizing the market when you invest. Invest in good platforms by doing due diligence before investing. And before investing, definitely consult with professional investors and invest at the right time. And with that, do your own research and invest. This will increase your chances of profit a little.

[CryptoHFs]

After a long run. I can truly say that it first depends on the road God has set for you in life. Secondly, being smart or even genius doesn't guarantee that you will be rich or not. Hard work is not everything. It all depends on the self disciplines to do what you know or what you should be doing then you may start improving your life step by step.

[Blitzboy]

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That would still depend on how you're going to handle your money, your investments, your savings, etc. I mean you could totally earn a big amount of profit in cryptocurrency by investing in it, but earning millions is nothing if you don't know how to handle your money and how you're going to grow it, maybe you earn million but then you just spend it on expensive stuff, then you're just going to end up broke again even though you earn a big amount of profit, if your spending is bigger than your saving it just wouldn't make any sense you're still going to be broke in the end.

For sure investing in cryptocurrency, buying bitcoin, etc. doesn't guarantee you to be rich, there are only a few lucky investors who have been able to be rich on Bitcoin investment and cryptocurrency. Yes, you can do it probably but it doesn't mean it's going to happen what is guarantee here is your going to earn a good amount of profit if you know what actually is your doing, and compared to other sources of income maybe we an call it some sort of shortcut since profit on cryptocurrency is higher even though it is riskier.

Investment is not a game of chance but a calculated risk, and this is especially true in the volatile and unpredictable cryptocurrency market. True, one can rapidly go from affluence to poverty in the absence of fiscal responsibility and knowledge of money management. But it's unfair to dismiss Bitcoin's early adopters as "lucky" if that's all you can call individuals who've made a lot of money on the cryptocurrency.

Each investor's risk tolerance and viewpoint are reflected in the investments they choose. Yes, there is greater potential for loss, but cryptocurrencies like Bitcoin provide a once-in-a-lifetime chance of exponential growth. The many early adopters who are now worth millions is only one example. And it wasn't just dumb luck; they recognised opportunity where others saw danger.

Obviously, this doesnt mean that you should go out and buy Bitcoin with the hope of becoming the next crypto millionaire, but it's something to keep in mind. Knowing the beast's true character is essential. As you put it, cryptocurrency is not a "shortcut," but rather a new way forward.

[xSkylarx]

No coin in this crypto market can give you a hundred percent guarantee that you will profit from it, but if you invest in good projects and buy at the right time, there is a chance of making a lot of profit.

It seems that everyone who invests in virtual currencies already knows this if they were born or only recently learned about virtual currencies. This is something you have to take and a big decision that will lead you to how this happened or not.

Still, not all, because others got in because of the hype coming from influencers, and they are really expecting that it is like rocket science that the price will go up and they will gain profit. This should be the one piece of information that those newbies will sink into their minds so that they won't get scammed or lose their money, because this is the number one reason why newbies are losing their money.

[Mauser]

People want to become an investor because they want to escape too and have financial freedom, and one of the factors to achieve this is to have investment and business; let's take down for a while, people want to do a business because they don't want to become the slave of the corporate world they can manage their own time at the same time earning more than in working with the 8 hours in the company. Still, most of their mistake is having a wrong decision in business for example, not the business needed by the community. For the investment, this is the ideal way to let your money make more money into your, but the cons here are you need to make aware of how long you will invest and what kind of business because with every change in economic status, there's a price drops or pumps. To prevent these losses,, ensure you have full knowledge and understanding of how it works and continuously progress until you succeed.

I agree with you, it's hard to imagine working in the same job for 40 years without any end insight. On top of that having to work overtime and weekends for a boss that doesn't appreciate my sacrifice is horrible. At least among my friends we all dream of becoming financially independent one day. Running a business and being our own boss is one way to achieve that freedom, but it can't be everybody self employed and not working in big companies. The majority of us is stuck as employees and in such a case investing is the only solution to make enough money to be independent one day. It's true that investing is no guarantee to become rich one, but not investing is a guarantee that we won't become rich either. Better to at least try and have the chance to make it, than never to try it and being stuck in the rat race.

[Ptb73]

If you invest, it does not mean that you will become rich, but at least you will have a chance to become rich. The longer you invest, the more knowledge and understanding you have of what you are doing. The amounts you invest also matter.

So I think investing is great and it's something everyone should learn.

[Smartvirus]

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’s the concept that has gotten many scammed. I get the idea that you can have your money work for you but, it’s the idea that has been capitalized upon by those that run ponzi schemes and have gotten many scammed in the past years and even up to this day.

It has in a way entertained laziness with investors who aren’t willing to do the needed work but have there eyes set on profit making. Trying to have others take the most risks haven’t made all there speculations and all while, you be at the receiving end. Sadly, this haven’t turned out well for most.

The world has never been that simple and won’t be. You’ve got to be willing to do the dirty job, be at the board with the tools until you’re well enough to equip people to do that for you.

[ginsan]

If you invest, it does not mean that you will become rich, but at least you will have a chance to become rich. The longer you invest, the more knowledge and understanding you have of what you are doing. The amounts you invest also matter.

So I think investing is great and it's something everyone should learn.

What you say is quite right where the potential in investing is getting the opportunity to get rich. Well investing in Bitcoin is one of the investments that is good enough to do early on if you are new or new to Bitcoin. I think we are opening up a more efficient opportunity to get rich in the next year or 10 years time because bitcoin is a very valuable asset that is worth having in portfolio. I don't think there is anything that is difficult to get rich and it is a life choice where if the investment we made since the previous year in Bitcoin when the price was 3k or 10k, of course for now we have seen large estimated profits in our portfolio.

You can learn from seniors who have been involved in Bitcoin for a long time and one more thing, never be shy to ask questions because the seniors here will provide good enlightenment according to their level of knowledge. Indeed it is very necessary to keep learning and that is the key to being confident in investing in Bitcoin.

[dunfida]

If you invest, it does not mean that you will become rich, but at least you will have a chance to become rich. The longer you invest, the more knowledge and understanding you have of what you are doing. The amounts you invest also matter.

So I think investing is great and it's something everyone should learn.

What you say is quite right where the potential in investing is getting the opportunity to get rich. Well investing in Bitcoin is one of the investments that is good enough to do early on if you are new or new to Bitcoin. I think we are opening up a more efficient opportunity to get rich in the next year or 10 years time because bitcoin is a very valuable asset that is worth having in portfolio. I don't think there is anything that is difficult to get rich and it is a life choice where if the investment we made since the previous year in Bitcoin when the price was 3k or 10k, of course for now we have seen large estimated profits in our portfolio.

You can learn from seniors who have been involved in Bitcoin for a long time and one more thing, never be shy to ask questions because the seniors here will provide good enlightenment according to their level of knowledge. Indeed it is very necessary to keep learning and that is the key to being confident in investing in Bitcoin.

Just try to look around and try to analyze on what are the things that was able to happen on which you could be able to picture out about those probabilities which might able to happen on other projects as well.
Im not really that against with Bitcoin investment but its true on what others been saying that you would really get rich on the time that you had able to get in into those early years or to those extreme dip
or floor price on which it did able to reach out. If you have missed it out then you could still make out some investment but getting rich or getting extreme amount of profit? We cant really be so sure because
hitting up a few multipliers wouldnt really be able to make us rich.

It would really be still depending on how much you had invested or on how much you had put in and make some assumptions that it would be hitting up 10x but you have invested few thousands
then it wont be considered to be big but well its our choice.

[JayJuanGee]

If you invest, it does not mean that you will become rich, but at least you will have a chance to become rich. The longer you invest, the more knowledge and understanding you have of what you are doing. The amounts you invest also matter.

So I think investing is great and it's something everyone should learn.

What you say is quite right where the potential in investing is getting the opportunity to get rich. Well investing in Bitcoin is one of the investments that is good enough to do early on if you are new or new to Bitcoin. I think we are opening up a more efficient opportunity to get rich in the next year or 10 years time because bitcoin is a very valuable asset that is worth having in portfolio. I don't think there is anything that is difficult to get rich and it is a life choice where if the investment we made since the previous year in Bitcoin when the price was 3k or 10k, of course for now we have seen large estimated profits in our portfolio.

You can learn from seniors who have been involved in Bitcoin for a long time and one more thing, never be shy to ask questions because the seniors here will provide good enlightenment according to their level of knowledge. Indeed it is very necessary to keep learning and that is the key to being confident in investing in Bitcoin.

Just try to look around and try to analyze on what are the things that was able to happen on which you could be able to picture out about those probabilities which might able to happen on other projects as well.
Im not really that against with Bitcoin investment but its true on what others been saying that you would really get rich on the time that you had able to get in into those early years or to those extreme dip
or floor price on which it did able to reach out. If you have missed it out then you could still make out some investment but getting rich or getting extreme amount of profit? We cant really be so sure because
hitting up a few multipliers wouldnt really be able to make us rich.

It would really be still depending on how much you had invested or on how much you had put in and make some assumptions that it would be hitting up 10x but you have invested few thousands
then it wont be considered to be big but well its our choice.

That's why investing takes a long time, including that it could take 30 to 40 years in traditional investments, and you would be lucky to cut that in half with bitcoin, because even if you were able to have a somewhat aggressive investment strategy, such as $100 per week, that would take a whole year to get up to $5k invested, and if BTC were to 10x then you get up to $50k invested through the appreciation.. but usually profits do not come that easy, and for many people $50k might not even be enough for them to do much with it (even though $50k gives more options and surely is better than $0k).  

So if a person is investing 10% of his/her income for a year, it takes a whole 10 years in order to invest a years worth of salary, and would it be enough to have a years worth of salary?  and if the investment were to go up 10x, then that would mean that in 10 years, you have invested 1 year's salary and you have 10 years' salary worth of value, so you are nearly half way to fuck you status, since many folks would suggest you need between 20 to 30 years of your expected annual cost of living in order to really be in entry level fuck you status.. which also is going to vary from person to person, but also there would be some kind of a need that the investments are holding their value and growing in the ballpark of 4% or more per year, so that you would there after be able to live off of your investments....

So, yes, it can take a long time, and merely investing $1k and getting to $10k is probably not enough.. even though that amount also gives more options and it is better to have $10k in your investment portfolio rather than having $0k in your investment portfolio, so there continues to be needs to build your investment portfolio without putting the principle at risk...and or to be careful regarding how much risk that is getting placed on the principle that hopefully continues to build and build and build and to grow and grow and grow...

[Sayeds56]

To achieve success in an investment career, it is important to get a good education and research, create a measured, disciplined and patient investment plan, manage risks wisely, keep learning and adapting.

Absolutely, gaining knowledge and learning skills of utilizing various strategies is crucial to become a successful investor. Adequate education and through research provide the foundation for developing plans of investments in different vehicles, such as stocks, real estate and crypto currencies, and understand their characteristics, potential returns and associated risks. Without proper knowledge and understanding the risks involved, individuals are likely to make impulsive decisions or fall for scams.

[armanda90]

Correct. Indeed, the majority of investors and traders often have misunderstandings about investing. They often think that they can easily become successful investing in bitcoins and other assets without learning about it and also don't understand the risks and hard work involved. Many investors lose money due to lack of knowledge and understanding of what they are investing in and the financial markets. Investments do not guarantee wealth, and only a small percentage of investors consistently make money. To achieve success in an investment career, it is important to get a good education and research, create a measured, disciplined and patient investment plan, manage risks wisely, keep learning and adapting.

Its happening when first time investing in Bitcoin or altcoin about their mindset will be rich, but after have much experienced they will understand about investing doesn't guarantee to be rich. But with investing has bigger chance to earn profit although not guarantee to be rich but we have chance to get much profit trough investing. Its not about investing in cryptocurrency only doesn't guarantee to be rich but many kinds of business can't guarantee to earn profit. Be smart when investing money in cryptocurrency and we need have knowledge to research which right time for investing, indeed can't be rich with investing earn profit consistent its most important when trading assets in cryptocurrency.

We need change people mindset when investing actually in cryptocurrency, there are not guarantee to be rich and always earn much profit but for new investor have to understand risk when investing in bitcoin or altcoin.