Investing doesn't guarantee you to be rich

[WyscoWest]

I get where you're coming from when it comes to altcoin risk. Sure, holding Bitcoin for the long haul might yield some profit, but when it comes to the wide world of altcoins, it's a whole different story. You've got your fair share of shitcoins out there, and only a few are actually worth a second look. From my personal experience—holding altcoins for years doesn't always guarantee any profit. Many in my wallet have been ded for ages. Humbly imo it's all a game of luck even when use case or potential adoption are highly viable.

I think there has no short cut way to rich. If anyone think i will invest on crypto currency and i will be rich within short time, i think that will be your wrong thinking. Cryptocurrency always give you profit it is not true some times it will go your Against. If anyone hold bitcoin or another good coin today or tomorrow profit. But always you think investing has no guarantee.

For Bitcoin, it's quite easy to advise someone to hold it for some years, and they will likely earn some profit, although that doesn't mean they will be rich. But when you generalise it to cryptocurrency, there are a lot of altcoins out there; the majority are shitcoins, and a few are trying their best, but having to hold Altcoins for some years may not even guarantee any profit at all. For example, I have a token in my wallet that has been sitting there for years; in fact, there is no trading volume for that token on the exchange where it's traded. I believe the project is just dead, and that is what keeps going on with altcoins: you are never guaranteed anything; just believe in luck.

[johnsaributua]

I get where you're coming from when it comes to altcoin risk. Sure, holding Bitcoin for the long haul might yield some profit, but when it comes to the wide world of altcoins, it's a whole different story. You've got your fair share of shitcoins out there, and only a few are actually worth a second look. From my personal experience—holding altcoins for years doesn't always guarantee any profit. Many in my wallet have been ded for ages. Humbly imo it's all a game of luck even when use case or potential adoption are highly viable.

I think there has no short cut way to rich. If anyone think i will invest on crypto currency and i will be rich within short time, i think that will be your wrong thinking. Cryptocurrency always give you profit it is not true some times it will go your Against. If anyone hold bitcoin or another good coin today or tomorrow profit. But always you think investing has no guarantee.

For Bitcoin, it's quite easy to advise someone to hold it for some years, and they will likely earn some profit, although that doesn't mean they will be rich. But when you generalise it to cryptocurrency, there are a lot of altcoins out there; the majority are shitcoins, and a few are trying their best, but having to hold Altcoins for some years may not even guarantee any profit at all. For example, I have a token in my wallet that has been sitting there for years; in fact, there is no trading volume for that token on the exchange where it's traded. I believe the project is just dead, and that is what keeps going on with altcoins: you are never guaranteed anything; just believe in luck.

if bitcoin could have been bearish from ATH 2 years ago which reached a very high price and last year sad things went down almost to the crust, what was stunning could turn into disaster, it's not really dregs this year there has been a rise from a dump that's been quite a long time. but it's quite felt In my opinion, for small holders who only rely on airdrops and GA or events, I realize that 50% of the exchange rate is lost.

indeed the density of bitcoin queues that make bitcoin still maintain tens of thousands of dollars is still strong trust.

I think there are a lot of sudden altcoins every day that are listed on several cex or dex, the strength of the community is that if you sell almost 80% of the circulation held, the holder will move to another project to absorb profits. will disappear in an uncertain time, the main point is to follow the fluctuations and trends of bitcoin, if bitcoin is that important for the growth of other cryptos, of course I personally prefer bitcoin even though it can be adjusted as needed

[Fatunad]

I think there has no short cut way to rich. If anyone think i will invest on crypto currency and i will be rich within short time, i think that will be your wrong thinking. Cryptocurrency always give you profit it is not true some times it will go your Against. If anyone hold bitcoin or another good coin today or tomorrow profit. But always you think investing has no guarantee.

For Bitcoin, it's quite easy to advise someone to hold it for some years, and they will likely earn some profit, although that doesn't mean they will be rich. But when you generalise it to cryptocurrency, there are a lot of altcoins out there; the majority are shitcoins, and a few are trying their best, but having to hold Altcoins for some years may not even guarantee any profit at all. For example, I have a token in my wallet that has been sitting there for years; in fact, there is no trading volume for that token on the exchange where it's traded. I believe the project is just dead, and that is what keeps going on with altcoins: you are never guaranteed anything; just believe in luck.

When you do introduce Bitcoin or crypto into someone then its always been ideal that you shouldnt really make out those kind of assurance when it comes to profit making because on the time that the market would really
be going down then you are the ones who would really get sued out on what happened. This is why it would be better that you should really be telling about realistic things and dont really go always on the positive side of things. Investing is always that recommendable but its true that being rich or getting into this point would really vary on some factors which it would be pertaining on how much you had invested and on how low
you do able to get or buy in because profits is something that would really be determined with these criterias on which it is really that important that you do know and been wary about this.

We are really that finding ways or methods on how we do able to reach out that state on being financially free but of course you should really be that realistic on what are the things that should be done on the first place.
Investing doesnt guarantee on making you rich but does give  the chance for you to be able to hit up that kind of goal and this is why its better not to make yourself that easily give up
whenever you do face up failures or mistakes or errors.

[JayJuanGee]

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.

Yes I agree with your point of view. One of the main investing techniques that can make you rich is diversification. This means spreading out your investments across different sectors to reduce the overall risk.

That's not true.

Diversification is a wealth preservation technique, not a wealth creation technique.

It is likely that if you are starting out without having a lot of resources, then it is better to NOT diversify, even though surely it can take a long time to build wealth to such an extent that it starts to make sense to diversify... and people will arrive at those decisions about how much and when to diversify at different times, but surely diversification is meant to protect your investment rather than growing your investment - even though it is possible that you could have some portions of your investment that are more directed at growth, and then other areas of your investment that are more likely to conserve value.

The devil is in the details regarding how much and/or when to branch out... 

This approach will ensure that you minimise the impact of potential losses. That’s because successful investing requires a long-term perspective, as markets sometimes fluctuate in the short term.

Ok.. at first you were talking about building wealth, and now you are talking about preserving wealth... ..

But if it is said, according to advice, that there are many other means of trading along with BTC that give you a good profit,

For sure trading is another story that brings risk and needs to learn, so there is no way to determine whether it would be a good idea to fuck around with trading or gambling and act like you are investing.. when trading and gambling are not really needed for investing.. even if you might choose to play around with some parts of your investment portfolio with trading or even selling on the way up and buying on the way down, and perhaps you are not gambling with those kinds of techniques, but generally it is not a good idea to sell merely to buy back later at a lower price if you don't really know if you might be selling too much too soon, and you may well be better off just ongoingly buying rather than selling, especially if you have a good investment like bitcoin, then you may really screw up a potentially good investment, merely because you had been getting greedy to try to make more and then you end up selling too much too soon.. and it keeps going up beyond levels that you had anticipated to be possible or likely.

And last, investing in assets with long-term growth potential, like stocks or real estate, can also help you accumulate wealth. But for this purpose, you have to do a lot of work.

Perhaps.  Depends on how you do it.  Some people choose to invest in index funds...or maybe they choose to live in a house and to treat that as an investment, such as buying a house that has 4 units (four-plex, so that they might live in 1 of the units and rent out the other 3, which may or may not be a lot of work, depending on how they set it up. 

Of course here, one of our favorite topics is bitcoin, so I would think that anyone should be starting out with bitcoin and then figuring out ways to supplement into other assets, but surely some people come to bitcoin as a new investment, and they had already been investing in other assets, so they come to bitcoin in a way that they are adding bitcoin into an already established portfolio, and surely those kinds of people have more options than a brand new investor who doesn't have very many investments and is trying to figure out where to start... which probably bitcoin would be a good place to start. and as they build more wealth, the way that they build will inform the extent to which they believe that it is good to diversify and if so into what and how much.

[Dr.Osh]

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.

This strategy is important and plays a full role in terms of their success in moving in Cryptocurrency, apart from this strategy we also see skills and knowledge will also move hand in hand in setting the strategy, and to be honest most of those who succeed in staying in crypto fully pay attention to this factor, and because this is also associated with risks for them, and we think this is one of the keys that will lead them to success in the crypto field.

the most important thing in investing is that we know what we are investing. so, this can minimize the risks that we can get in the future. Even though investment does not guarantee that we will become rich, it will open our horizons about new things and experiences. very many people who are successful in this field because they continue to learn. we can't expect 1 investment will make us rich, so try to find potential investment places that can make us have a lot of money.

[fruktik]

Have to agree with you, and also, the op really pointed out some really good factors..
Becoming rich is not all about desiring to be one, first, the desire plays an important role cus its like the foundation of the whole process, the desire is supposed to be the drive, the motivator to do that which will ultimately lead to the achieving that which is desired..

But then, it's rather unfortunate that today, the streets are filled with young men and women who desire to be rich, but have refused to allow that desire drive their motivation, they rather lazy about and hope one day, they become rich by accident.

        Most of these people. They really believe that one day wealth will fall on them and at the same time they will not lift a finger on a finger. Why is there such a discussion? To be honest, it remains a mystery to me.
        Naturally, there must be an incredibly strong motivation to go towards the goal of becoming a wealthy person. Without this condition, nothing will come of it. It takes a daily effort, not once a year.

[avp2306]

Have to agree with you, and also, the op really pointed out some really good factors..
Becoming rich is not all about desiring to be one, first, the desire plays an important role cus its like the foundation of the whole process, the desire is supposed to be the drive, the motivator to do that which will ultimately lead to the achieving that which is desired..

But then, it's rather unfortunate that today, the streets are filled with young men and women who desire to be rich, but have refused to allow that desire drive their motivation, they rather lazy about and hope one day, they become rich by accident.

        Most of these people. They really believe that one day wealth will fall on them and at the same time they will not lift a finger on a finger. Why is there such a discussion? To be honest, it remains a mystery to me.
        Naturally, there must be an incredibly strong motivation to go towards the goal of becoming a wealthy person. Without this condition, nothing will come of it. It takes a daily effort, not once a year.

Crazy thinking that something might happen to them even if they don't do anything. This is losers mindset since they don't even take some action to achieve what they want to do.

Although some of them afraid to get a big failure in life but they should understand that its all part of the process. If they will not experience a hard way, they will will not taste the sweetness of success.

This is also the reason why lazy person got scam because they think that there's miracle that might came to them and can give them forever passive earnings.

[SmartGold01]

That's not true.

Diversification is a wealth preservation technique, not a wealth creation technique.

It is likely that if you are starting out without having a lot of resources, then it is better to NOT diversify, even though surely it can take a long time to build wealth to such an extent that it starts to make sense to diversify... and people will arrive at those decisions about how much and when to diversify at different times, but surely diversification is meant to protect your investment rather than growing your investment - even though it is possible that you could have some portions of your investment that are more directed at growth, and then other areas of your investment that are more likely to conserve value.

I really love your clear expression about what he said..
Like I often sees people always saying diversification is means of wealth creation sometimes I came to the sense that how would it automatically create wealth for such person alternatively I looked at it on the other angle that if someone invested in a very trusted and reliable business and it runs for about 1 years to 20 years also considering the age of the investor it then automatically turns out to be a wealth creation depending on the shares of which him or she maybe they are holding in that firm or industry. If such business happens to make huge profits and increased dynamically due to how such firm and business is being managed then we can say it's sure to be a wealth create, typically example are Amazon, Apple, Samsung and Google, Microsoft.

I believe those who supported their dreams and make investment earlier owned a share, they would sure know and understand such investment is truly a wealth creation considering the net worth of these companies today and their Global dominance. Anyone who own a shares however have it in their mind they must need to diversify their investments rather to choose the right investment to invest. Taking from your words, I can really be sure as preservations of investment instead of diversification.

Then from the post title, investment somethings guaranteed their success it depends on what form of investment they have chosen because investing in a non profitable company may either sink their investment and kills their dreams on how they had structured their investment and their life cycling, life cycling I mean is about their age variation and differences if they are within the age of 55 and make investment and expected to yield within the 10 years to 20 years time just as Microsoft took years to get to this points may sometimes makes the investors not to venture into such investment because they would believed that they are out of age cycling.

Which is the reason why it's always advisable for we as a young people to venture into the right investment to secure our future, and to me I have seen Bitcoin to have that exact assurance of securing one's future and its good to hold bitcoin for long time as I strongly believe it has come to stay just as other well known firms today but somehow and overly, mentally and analytically it would stay as long as we are still alive just as fiat are being used today so will bitcoin remain in existence.
Hence diversification of wealth isn't a guaranteed way of making one rich rather to chose and locate the right investment that is the only way to make one rich.