Buy Buy Buy or Sell Sell Sell?

[alankasman]

Some rich people might not be motivated to invest because they believe that their life is going to continue to be great because they are rich.. so they are failing to plan properly.

But I think this is wrong for the rich people because even though they are too rich they actually have to think about planning for their old age because many rich people certainly ultimately feel failure in terms of taking advantage of their situation when they have the financial stability they have one day because being rich with healthy finances does not necessarily cure them when they are old unless they have to invest or do business either in the form of investing a little of their wealth by buying Bitcoin against their assets in accumulating any amount but it will be their savior in difficult times which in general if the difficulty occurs beyond their expectations at least with the method as I have said it might make it easier for them to recover from the situation as I said and this is a form of their way of anticipating their lives because the life we ​​experience cannot always be the same.

Some other folks may not want to work all of their lives, os they might want financial freedom instead of working until they are 60, 70, or older, and perhaps suffering in health through their having to work.

Well this is the statement I was referring to above. Wealthy people certainly need to anticipate this because we won't live the same life forever. I agree as you said earlier that sometimes our ability to work only lasts until age 60 and even then it's already too late. The rest depends on our health when we reach that age.

Some people might not realize that they need to invest until they are in their 40s or 50s, and then by that time, they do not have as much time to build up their investment and to have time work for them, as compared with the guys who start investing when they are younger, such  as in their 20s or early 30s.

Therefore while we're still young the right step is to invest with the income we have while we're still able to work and our energy is still relatively strong. So by the time we reach our 40s or 50s we simply don't have enough time and we could say that time is very limited. This is likely due to several factors that we may not be able to replicate when we were still actively working like in our 20s or 40s. Therefore I strongly agree with your steps.

If 10 years pass, you cannot go back and redo the mistake that involved your failure/refusal to financially prepare for your future.

It's quite difficult to repent for the mistakes we made when we were younger because as we age it's impossible to revise our mistakes. As we age we have limited time to revise our mistakes as they may be our biggest mistakes and they can't be repeated in our 50s or 60s.

Each person can do what they like in terms of their motivation and the consequences of their choice earlier in their lives.

And this is very true because what we do is certainly what we will feel at an age when we are no longer able to work as the saying goes what we sow is what we reap.

[Alonso_]

Therefore, when investing, we should really manage the money we get wisely before you put your money in the assets you choose and you should also at least have sufficient knowledge in investing so that if fluctuations occur in the market, you will not panic too much when seeing the situation. There is no history of your short-term investments being successful or meeting your expectations. Even Buffett needed a long process, so don't dream that you can be successful in short-term investments. I think if you want to progress quickly and become wealthy, increase your income. The more income you have, the faster you'll achieve what you want. Don't rely on just one source of income to achieve success.

If you use the wrong financial management procedures it will be increasingly difficult to develop in investing because the amount of money someone has does not necessarily mean they can do it correctly in investing. This often happens among beginners because they only think about investing is short-term profits even though when they have healthy management procedures of course by having good finances this is certainly their step in picking up profits in the future but in such a way it is certainly difficult for them because what they do is not knowing how to generate more of their finances. This indicates that they still need to learn about wise thinking with another reason their goal in investing can reach the real peak so that success for them will become a reality in the investments they make.

Financial Management is very important when it comes to investing in Bitcoin, you might probably be very rich but if you can’t manage your investments properly then I feel there is absolutely no way you can properly invest in Bitcoin, I have been investing in Bitcoin and it takes good financial management, if you don’t manage your investments properly it would be very difficult to buy and invest in bitcoin, everyone who have been investing in bitcoin at some point will have to apply this financial management, the financial management would have been be held at a very high esteem level, which you can possibly imagine that you will need to buy and invest in bitcoin which is highly appreciated by someone who have a mindset of buying and investing in bitcoin and wants to carry on for a very longest time period.

[Rustam Meraj]

Some rich people might not be motivated to invest because they believe that their life is going to continue to be great because they are rich.. so they are failing to plan properly.

Some other folks may not want to work all of their lives, os they might want financial freedom instead of working until they are 60, 70, or older, and perhaps suffering in health through their having to work.

Some people might not realize that they need to invest until they are in their 40s or 50s, and then by that time, they do not have as much time to build up their investment and to have time work for them, as compared with the guys who start investing when they are younger, such  as in their 20s or early 30s.

If 10 years pass, you cannot go back and redo the mistake that involved your failure/refusal to financially prepare for your future.

Each person can do what they like in terms of their motivation and the consequences of their choice earlier in their lives.

Knowledge you gave on mental blocks to wealth planning highlights increased interest in money freedom that is gaining more and more global notice. Although there are rich people who ignore retirement planning because of current comforts which is Ostrich Effect but current data shows that it may take four times amount of payment by one starting in their 20s to reach the 40s and invest. I agree that end goal of many is to escape body weight of forced work in old age, but I must point out that you can never undo 10 year mistake, but it is never too late to begin, by making strong payments with catch up payments.

Personally I believe money preparation to be kind of insurance of health in future that gives you freedom of taking break off high stress jobs at time when body needs it the most. It is all true in the end, everyone will get rewards of their actions, and only way to save your right and freedom in shaky economy is to start today.

[Joeboy]

Some rich people might not be motivated to invest because they believe that their life is going to continue to be great because they are rich.. so they are failing to plan properly.

Some other folks may not want to work all of their lives, os they might want financial freedom instead of working until they are 60, 70, or older, and perhaps suffering in health through their having to work.

Some people might not realize that they need to invest until they are in their 40s or 50s, and then by that time, they do not have as much time to build up their investment and to have time work for them, as compared with the guys who start investing when they are younger, such  as in their 20s or early 30s.

If 10 years pass, you cannot go back and redo the mistake that involved your failure/refusal to financially prepare for your future.

Each person can do what they like in terms of their motivation and the consequences of their choice earlier in their lives.

Thats true sir... Time is of utmost importance as long as investment is concerned.. And once it is gone it may be very difficult to recover... And so it is very important that folks make the most effective use of their time by starting early regardless of whether it is with small amounts as soon as their discretionary income is available... Even though a guy rich today, anything could happen the next day which could result in the loss of that wealth faster than they realized, especially when there is no structure in place to preserve/or grow that wealth...

And so, folks shouldn't just be entirely focused on too much on immediate gratifications, they should as well prioritize the security of their future by venturing into long term investment such as Bitcoin, which has a history of always placing people in a much more better positions...

[Kelward]

Therefore, when investing, we should really manage the money we get wisely before you put your money in the assets you choose and you should also at least have sufficient knowledge in investing so that if fluctuations occur in the market, you will not panic too much when seeing the situation. There is no history of your short-term investments being successful or meeting your expectations. Even Buffett needed a long process, so don't dream that you can be successful in short-term investments. I think if you want to progress quickly and become wealthy, increase your income. The more income you have, the faster you'll achieve what you want. Don't rely on just one source of income to achieve success.

If you use the wrong financial management procedures it will be increasingly difficult to develop in investing because the amount of money someone has does not necessarily mean they can do it correctly in investing. This often happens among beginners because they only think about investing is short-term profits even though when they have healthy management procedures of course by having good finances this is certainly their step in picking up profits in the future but in such a way it is certainly difficult for them because what they do is not knowing how to generate more of their finances. This indicates that they still need to learn about wise thinking with another reason their goal in investing can reach the real peak so that success for them will become a reality in the investments they make.

Financial Management is very important when it comes to investing in Bitcoin, you might probably be very rich but if you can’t manage your investments properly then I feel there is absolutely no way you can properly invest in Bitcoin, I have been investing in Bitcoin and it takes good financial management, if you don’t manage your investments properly it would be very difficult to buy and invest in bitcoin, everyone who have been investing in bitcoin at some point will have to apply this financial management, the financial management would have been be held at a very high esteem level, which you can possibly imagine that you will need to buy and invest in bitcoin which is highly appreciated by someone who have a mindset of buying and investing in bitcoin and wants to carry on for a very longest time period.

When we are talking about Bitcoin investment specifically it is better to have long term plans of accumulation because it is not a get rich quick scheme, it is volatile and having a short term plan might not be realistic because we don't know when price can increase to our desired targets. To succeed in long term investment it is important to understand financial management which is basically budgeting your expenses, firstly you have to make sure that your income can afford you discretionary funds from where you can allocate your money for your wants accordingly.

If your income cannot afford you a discretionary fund then you should first focus on doubling your hustle to afford you a discretionary fund before doing DCA strategy of accumulation. If you cannot afford money that you can comfortably buy Bitcoin with then you're not yet qualified for long term investment.

[Rockson1]

It's a matter of choice and I believe not everyone actually will be a Bitcoin investor, there are so many person who don't feel the need to invest and they have all it takes in terms of capital and everything but just choose to be ignorant in investing and nothing can be done to even change their mindset.  Also there are people who don't have the robust means of income but yet maintain the goal and aim of investing in the process growing little by little till they are balance and okay.

When you come across reluctant people, those that does not show any interest in Bitcoin, as someone that has been acumulating Bitcoin what you will do is to put all your effort in your Bitcoin investment, infact since you know that such person might be a distraction to you considering the fact that he show less concern about Bitcoin investment, you might pause any discussion of Bitcoin investment with him for sometime time to enable you concentrate on building your portfolio, I think it is adviceable for us to avoid anything that will be a distraction for us as Bitcoin investors, we are not in any encouraged to persuade any person to invest in Bitcoin, everyone out there has there decision to make and that is why we shouldn't allow their decision to influence us, I have realize that there is nothing some people will gear or see that will make them change their mind to invest in Bitcoin, they got the funds and every that is required to invest but won't, so they should suit themselves the we should do our thing.

[B-BossMan]

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I could not agree with you, because a person who has a good source of income can certainly play a greater role in purchasing Bitcoin in following the Bitcoin DCA method. Therefore, a Bitcoin investor must have a prudent income, because if the source of income is good, he can maintain Bitcoin continuity according to the DCA method for investing in Bitcoin.
An income-seeking person can never participate in Bitcoin investment, so naturally, if he needs income, he can invest in Bitcoin properly and wait for a long time with holding.

What if the desire to invest isn't there?
Because I've seen some investors who have a steady income and a regular income stream, but they don't really like investing in Bitcoin, even though they don't hate Bitcoin entirely. Therefore, this desire to invest must also be in the investor's heart so that it can be sustainable over the long term by utilizing their own capital through certain methods. While what you say is not wrong, if a person's love and desire to invest in Bitcoin hasn't really developed, then no matter how much capital and income they have, it won't be immediately invested in Bitcoin.

Some rich people might not be motivated to invest because they believe that their life is going to continue to be great because they are rich.. so they are failing to plan properly.

Some other folks may not want to work all of their lives, os they might want financial freedom instead of working until they are 60, 70, or older, and perhaps suffering in health through their having to work.

Some people might not realize that they need to invest until they are in their 40s or 50s, and then by that time, they do not have as much time to build up their investment and to have time work for them, as compared with the guys who start investing when they are younger, such  as in their 20s or early 30s.

I agree with you. Many rich people or the wealthy ones today sometimes assumed that thier comfortability will last forever in terms of wealth, but that's not true. Money, no matter how much money is, it can reduce over time once it's not properly managed or continously grown through an investment or businesses rather. They shouldn't seen wealth as final destination, instead it should be seen as part of an ongoing journey that really requires disciplines and proper planning in life.

However, another common mistakes is people tends to delaying thier investment, many people including the civil servants nowadays  they only focused on earning and spending lavishly during thier active years in services without thinking about thier future, they wait until they get older around 40s plus or when they are closer to thier retirement of service before considering investments, instead of thinking about it at early stage, because starting investment early actually gives a huge advantages which also allow your money to grow steadily over a years. Moreover weather you are wealth/rich or poor, financial planning is the most important. So early investment expecialy long-term investment, consistency and patience are the keys to secure your financial stability and freedom in life.

[NewRevelation]

Some rich people might not be motivated to invest because they believe that their life is going to continue to be great because they are rich.. so they are failing to plan properly.

Some other folks may not want to work all of their lives, os they might want financial freedom instead of working until they are 60, 70, or older, and perhaps suffering in health through their having to work.

Some people might not realize that they need to invest until they are in their 40s or 50s, and then by that time, they do not have as much time to build up their investment and to have time work for them, as compared with the guys who start investing when they are younger, such  as in their 20s or early 30s.

If 10 years pass, you cannot go back and redo the mistake that involved your failure/refusal to financially prepare for your future.

Each person can do what they like in terms of their motivation and the consequences of their choice earlier in their lives.

Personally I believe money preparation to be kind of insurance of health in future that gives you freedom of taking break off high stress jobs at time when body needs it the most. It is all true in the end, everyone will get rewards of their actions, and only way to save your right and freedom in shaky economy is to start today.

One thing that is certain is the fact that everyone will get to face the adverse effects of there decision either on the positive side or negative. Folks who because they are rich now and fails to plan for there retirement age either through investment or other means will surely face it when they get aged and can no longer work because there strength has failed them. Of course, we can't be young forever. We will not always have strength, and planning for those years ahead now is the best to do. So any one can really do what they want as to either preparing or not, but it's constant that money will be needed to leave off during retirement, and if there is no planned source, then there is a problem.

As for me, I think it's best we plan for our aged periods, at least, with Bitcoin investment now, then hopefully, out retirement period will be better off if we invest and HODL. Though there might be upd and downs in the price movement of Bitcoin, but since it's gonna be a long time investment plan, then l, investors shouldn't really worth but should remain consistent in accumulating Bitcoin, and hopefully, as years go by, the price of Bitcoin will cook, and then he would have comfortably save up for live after retirement

[Yablee0]

You are saying nonsense, because Bitcoin will still be profitable in the future. And as for your information volatility is not only a risk in Bitcoin, it is also the reason why bitcoin has produced high returns in the past. And the reason why some investors still chose to invest in Bitcoin despite the uncertainty are:

Bitcoin is unique, only 21 million coins will ever exist, on like the traditional money that government can print as much money as they want.

Secondly, Even though the probability of success is not guarantee 100%, investors still chose it because the payoff can justify the risk.

Last but not list, investors still chose to invest in bitcoin because of growing global adoption, because despite Bitcoin volatile adoption keeps increasing.

Thank you for your important opinion and I agree with your words and I would also like to say that the reason why you called my words nonsense is the same reason you also said that “the chances of success are not 100 percent guaranteed”. You just highlighted one of my sentences but I did not finish my speech with just one sentence. Bitcoin is different from other cryptocurrencies which have given us very good profits in the past and I hope it will give good profits in the future as well. And success in the world does not come suddenly, you have to have patience and passion. So the main point is to stay with Bitcoin and that is through long term.

Their is no need for all this drama, anybody stand to be corrected when not getting it right without being dragged with some unpleasant words just as you earlier said above, nobody knows it all that's why we are all here to learn from each other.  Am please that MissNonFall9 didn't fire back because that would have incited more chaos instead.

However let try to be more polite and friendly to one another  to make the forum to be a more condisive environment for learning.

[Grease5000]

Some rich people might not be motivated to invest because they believe that their life is going to continue to be great because they are rich.. so they are failing to plan properly.

But I think this is wrong for the rich people because even though they are too rich they actually have to think about planning for their old age because many rich people certainly ultimately feel failure in terms of taking advantage of their situation when they have the financial stability they have one day because being rich with healthy finances does not necessarily cure them when they are old unless they have to invest or do business either in the form of investing a little of their wealth by buying Bitcoin against their assets in accumulating any amount but it will be their savior in difficult times which in general if the difficulty occurs beyond their expectations at least with the method as I have said it might make it easier for them to recover from the situation as I said and this is a form of their way of anticipating their lives because the life we ​​experience cannot always be the same.

Some other folks may not want to work all of their lives, os they might want financial freedom instead of working until they are 60, 70, or older, and perhaps suffering in health through their having to work.

Well this is the statement I was referring to above. Wealthy people certainly need to anticipate this because we won't live the same life forever. I agree as you said earlier that sometimes our ability to work only lasts until age 60 and even then it's already too late. The rest depends on our health when we reach that age.

Some people might not realize that they need to invest until they are in their 40s or 50s, and then by that time, they do not have as much time to build up their investment and to have time work for them, as compared with the guys who start investing when they are younger, such  as in their 20s or early 30s.

Therefore while we're still young the right step is to invest with the income we have while we're still able to work and our energy is still relatively strong. So by the time we reach our 40s or 50s we simply don't have enough time and we could say that time is very limited. This is likely due to several factors that we may not be able to replicate when we were still actively working like in our 20s or 40s. Therefore I strongly agree with your steps.

If 10 years pass, you cannot go back and redo the mistake that involved your failure/refusal to financially prepare for your future.

It's quite difficult to repent for the mistakes we made when we were younger because as we age it's impossible to revise our mistakes. As we age we have limited time to revise our mistakes as they may be our biggest mistakes and they can't be repeated in our 50s or 60s.

Each person can do what they like in terms of their motivation and the consequences of their choice earlier in their lives.

And this is very true because what we do is certainly what we will feel at an age when we are no longer able to work as the saying goes what we sow is what we reap.

That idea isn't really accurate. Wealthy people who stay wealthy  don't relax they stay invested. They understand that money not growing is loosing value ( inflation,  market change, risks).. The real problem isn't being rich it is complacency.
Smart investors keep building wealth careless one slowly lose money.

[landheer]

Some rich people might not be motivated to invest because they believe that their life is going to continue to be great because they are rich.. so they are failing to plan properly.

Some other folks may not want to work all of their lives, os they might want financial freedom instead of working until they are 60, 70, or older, and perhaps suffering in health through their having to work.

Some people might not realize that they need to invest until they are in their 40s or 50s, and then by that time, they do not have as much time to build up their investment and to have time work for them, as compared with the guys who start investing when they are younger, such  as in their 20s or early 30s.

If 10 years pass, you cannot go back and redo the mistake that involved your failure/refusal to financially prepare for your future.

Each person can do what they like in terms of their motivation and the consequences of their choice earlier in their lives.

It's true that many wealthy people are too complacent with their wealth and ultimately refuse to invest. Money, if not invested, will inevitably dwindle over time. However, if you invest, at least there's hope, even though there will always be risks However, in my opinion, most wealthy people invest extensively, and certainly not only in gold but also in Bitcoin btc, some have even invested in it for a long time

In essence, life is about choices, and if we can manage them, we will certainly be more successful in old age. It's certainly a shame if we don't seize the opportunities and moments we have while we're young. May we all find greater happiness in our old age. However, the elderly certainly still have opportunities, as we don't know how long we'll live, as many people live long and healthy lives

[sotelorene]

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I could not agree with you, because a person who has a good source of income can certainly play a greater role in purchasing Bitcoin in following the Bitcoin DCA method. Therefore, a Bitcoin investor must have a prudent income, because if the source of income is good, he can maintain Bitcoin continuity according to the DCA method for investing in Bitcoin.
An income-seeking person can never participate in Bitcoin investment, so naturally, if he needs income, he can invest in Bitcoin properly and wait for a long time with holding.

What if the desire to invest isn't there?
Because I've seen some investors who have a steady income and a regular income stream, but they don't really like investing in Bitcoin, even though they don't hate Bitcoin entirely. Therefore, this desire to invest must also be in the investor's heart so that it can be sustainable over the long term by utilizing their own capital through certain methods. While what you say is not wrong, if a person's love and desire to invest in Bitcoin hasn't really developed, then no matter how much capital and income they have, it won't be immediately invested in Bitcoin.

Some rich people might not be motivated to invest because they believe that their life is going to continue to be great because they are rich.. so they are failing to plan properly.

Some other folks may not want to work all of their lives, os they might want financial freedom instead of working until they are 60, 70, or older, and perhaps suffering in health through their having to work.

Some people might not realize that they need to invest until they are in their 40s or 50s, and then by that time, they do not have as much time to build up their investment and to have time work for them, as compared with the guys who start investing when they are younger, such  as in their 20s or early 30s.

If 10 years pass, you cannot go back and redo the mistake that involved your failure/refusal to financially prepare for your future.

Each person can do what they like in terms of their motivation and the consequences of their choice earlier in their lives.

You are right and I think the only rich people that won't want to invest in Bitcoin are those that doesn't have any clue on what Bitcoin investment is all about but someone who has a clue on what Bitcoin is about no matter how wealthy they are, they will strive to invest in Bitcoin even if they won't give the energy that will be enough. Like those folks who actually saw Bitcoin when it was almost nothing and seeing the value now will drive them to...

However, realizing how valuable Bitcoin is at early 40s is not really bad but 50s is really somehow because some people get so old even at 50s maybe due to foods or gene so it's somehow late but 40s is still cool. In life some people has forgotten that an opportunity missed can or may never be gotten back or recover especially in Bitcoin. What you have missed, you have missed it but you can start at any point you realize yourself

[Razmirraz]

Snip.

It's true that many wealthy people are too complacent with their wealth and ultimately refuse to invest. Money, if not invested, will inevitably dwindle over time. However, if you invest, at least there's hope, even though there will always be risks However, in my opinion, most wealthy people invest extensively, and certainly not only in gold but also in Bitcoin btc, some have even invested in it for a long time

In essence, life is about choices, and if we can manage them, we will certainly be more successful in old age. It's certainly a shame if we don't seize the opportunities and moments we have while we're young. May we all find greater happiness in our old age. However, the elderly certainly still have opportunities, as we don't know how long we'll live, as many people live long and healthy lives

Wealthy people who don't invest indirectly miss out on opportunities to increase their wealth, as inflation and the ever-rising cost of living can cause their money to shrink over time. Bitcoin and other assets such as gold are examples of investments chosen by many wealthy individuals to diversify their portfolios. I also see a trend of changing investment behavior among wealthy individuals who prefer Bitcoin to preserve and increase their wealth, although some still prefer other assets, but it depends on each individual's choice and comfort.

Yes, life is about choices, so managing choices wisely can lead us to a level of success and happiness in old age. Taking advantage of opportunities while you're young can pay huge dividends in the future, so it's never too late to start something new, including investing in Bitcoin. Old age is not the end to take opportunities, many people over 50 are still healthy and enjoying life while enjoying the new things they have achieved, those who are able to take advantage of opportunities and make the right choices will find happiness at every stage of their life.

[Ruttoshi]

You are right and I think the only rich people that won't want to invest in Bitcoin are those that doesn't have any clue on what Bitcoin investment is all about but someone who has a clue on what Bitcoin is about no matter how wealthy they are, they will strive to invest in Bitcoin even if they won't give the energy that will be enough.

I don't think that those wealthy people who don't want to invest into bitcoin is because they don't have any knowledge of bitcoin. Instead, I see them as proud individuals who believes that they know it all because they have made a lot of wealth for themselves in a traditional way. So, they don't believe in bitcoin or have the confidence in bitcoin because they don't care. They're sceptical about bitcoin.

Take Bill Gate for example, upon all the news about government and big tech companies buying bitcoin, he didn't make any move because he believes bitcoin is not worth putting his money into. We have many wealthy people like him all over the world with this mentality.

[Gallar]

Someone who have a good understanding about Bitcoin, wouldn’t have to panic and sell their bitcoin immediately as soon as they find a situation with a dip in the price of bitcoin, instead that creates an opportunity and an avenue for them to keep buying bitcoin more consistently on a regular basis.

However mostly people who haven’t been buying bitcoin for quite a long time might panic when they have a situation that requires them to come situation of bear season, sometimes the bull market presents with and opportunity to buy bitcoin more cheaper and more affordable which might still not last for a very longest time and we might not learn everything about the situation before we can start investing.

That's why, before deciding to invest in Bitcoin, we should at least learn a little about it. Just like the price cycles that always occur with Bitcoin, this way, we won't panic when a downturn occurs. Because we already know that this is a downturn and that it's normal. Therefore, we won't panic at all when the price drops. So, this is where it's important to learn about the asset we're investing in. Because if we don't learn first, I think the results will be less than optimal and more troublesome.

While it's possible to learn while starting, I believe learning before starting is clearly more effective. Furthermore, the learning I'm referring to isn't complicated; we simply need to understand the Bitcoin price cycle, and that's enough. Because currently, most beginners panic because Bitcoin's price drops, so learning about price cycles will be very helpful for novice Bitcoin investors.

Guys should be able to figure out how much they feel  they need to know before starting, and if they might feel uncomfortable, maybe they start with $30 rather then $100. In other words position size can be adjusted, and getting started remains important.

Your idea is quite good, JJG. Starting with a small amount of capital can reduce the mental stress caused by Bitcoin's price fluctuations. By starting with a small amount, even if Bitcoin fluctuates in price, as it does now, it won't significantly impact our portfolio. "It doesn't have any impact," I mean, "because with such a small amount of capital, it feels as if there was no price drop." The point is, emotionally, if you start with a small amount of capital, you won't panic when the market goes down. That's the most important point. Because it's undeniable that starting to invest is also quite important. So, this is also a pretty good suggestion for your first experience buying Bitcoin.

[Baki202]

I agree with you. Many rich people or the wealthy ones today sometimes assumed that thier comfortability will last forever in terms of wealth, but that's not true. Money, no matter how much money is, it can reduce over time once it's not properly managed or continously grown through an investment or businesses rather. They shouldn't seen wealth as final destination, instead it should be seen as part of an ongoing journey that really requires disciplines and proper planning in life.

One thing about rich people that I have noticed is that you have to take money management very seriously, because when you don't take it seriously, then it becomes a problem. Just because you have money does not mean you will have to spend it the way you like, because a lot of things do not matter because you need money for sustainability and also for growth. And it's just that the more you build on it, the more it increases, and that is why they are always coming up with different strategies for them to make more money. Having money comes with a lot of responsibility, and discipline is part of it is something we cannot deny.

However, another common mistakes is people tends to delaying thier investment, many people including the civil servants nowadays  they only focused on earning and spending lavishly during thier active years in services without thinking about thier future, they wait until they get older around 40s plus or when they are closer to thier retirement of service before considering investments, instead of thinking about it at early stage, because starting investment early actually gives a huge advantages which also allow your money to grow steadily over a years. Moreover weather you are wealth/rich or poor, financial planning is the most important. So early investment expecialy long-term investment, consistency and patience are the keys to secure your financial stability and freedom in life.

And one thing I have noticed is that people are always scared of investing their money, and that is one mistake they have made because there are better ways that they can manage the money they are investing without risking anything. Because what is the essence of having money on hand without investing it? That is one of the most wrong moves they can make because they don't want to lose their money, and they want to make money, and they don't want to spend money. And take a bitcoin investment, for example. When people see you make a profit, that is when some of them start picking intrest but normally they sound very uninterested because they don't want to feel the pain of investing, and it's even easier to invest now because there is DCA.

[DubemIfedigbo001]

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I could not agree with you, because a person who has a good source of income can certainly play a greater role in purchasing Bitcoin in following the Bitcoin DCA method. Therefore, a Bitcoin investor must have a prudent income, because if the source of income is good, he can maintain Bitcoin continuity according to the DCA method for investing in Bitcoin.
An income-seeking person can never participate in Bitcoin investment, so naturally, if he needs income, he can invest in Bitcoin properly and wait for a long time with holding.

What if the desire to invest isn't there?
Because I've seen some investors who have a steady income and a regular income stream, but they don't really like investing in Bitcoin, even though they don't hate Bitcoin entirely. Therefore, this desire to invest must also be in the investor's heart so that it can be sustainable over the long term by utilizing their own capital through certain methods. While what you say is not wrong, if a person's love and desire to invest in Bitcoin hasn't really developed, then no matter how much capital and income they have, it won't be immediately invested in Bitcoin.

Some rich people might not be motivated to invest because they believe that their life is going to continue to be great because they are rich.. so they are failing to plan properly.

Some other folks may not want to work all of their lives, os they might want financial freedom instead of working until they are 60, 70, or older, and perhaps suffering in health through their having to work.

Some people might not realize that they need to invest until they are in their 40s or 50s, and then by that time, they do not have as much time to build up their investment and to have time work for them, as compared with the guys who start investing when they are younger, such  as in their 20s or early 30s.

If 10 years pass, you cannot go back and redo the mistake that involved your failure/refusal to financially prepare for your future.

Each person can do what they like in terms of their motivation and the consequences of their choice earlier in their lives.

A rich man that doesn't have investments is preparing to be a poor man in the future because there's no guarantee that the income would keep flowing until old age. It's important to have assets because assets are wealth protection as against just stacking funds. Most rich people ended broke due to negligence to invest.

Having money when you're much younger is an advantage to start investing early, most young people make the mistake to immediately start living large thinking the finances is there to stay, not knowing that it is an opportunity to build more wealth through valuable investment and futuristic investment is a must have for them, they should build businesses to give them residual income and also build wealth that would take care of them when they're older and unable to work actively.

Bitcoin investment provides that investment opportunity for securing your financial future in it, a younger person who got into Bitcoin has more years to invest and build a substantial wealth in Bitcoin before he gets very advanced to start living off it, rich people can also choose to diversify a little for asset security possibly when you're already halfway or 2/3 done with your accumulation target, you can choose to diversify into a physical asset and build both simultaneously for futuristic purposes.

[ejikeme24]

I've seen some investors who have a steady income and a regular income stream, but they don't really like investing in Bitcoin, even though they don't hate Bitcoin entirely. Therefore, this desire to invest must also be in the investor's heart so that it can be sustainable over the long term by utilizing their own capital through certain methods. While what you say is not wrong, if a person's love and desire to invest in Bitcoin hasn't really developed, then no matter how much capital and income they have, it won't be immediately invested in Bitcoin.

Of course most people prefer investing in other things like real estate or business because they believe investing in those things is more safer than bitcoin investment, and of course This set of people need to be left alone to decide for themselves on what to do with their income, the most important thing is that they are investing in something, but if it is someone who is close to you then you can encourage him or her  to invest in bitcoin and see if they will buy your idea or they will insist because I feel that what is holding most people from not investing in bitcoin is the knowledge.

[NewRevelation]

I've seen some investors who have a steady income and a regular income stream, but they don't really like investing in Bitcoin, even though they don't hate Bitcoin entirely. Therefore, this desire to invest must also be in the investor's heart so that it can be sustainable over the long term by utilizing their own capital through certain methods. While what you say is not wrong, if a person's love and desire to invest in Bitcoin hasn't really developed, then no matter how much capital and income they have, it won't be immediately invested in Bitcoin.

Of course most people prefer investing in other things like real estate or business because they believe investing in those things is more safer than bitcoin investment, and of course This set of people need to be left alone to decide for themselves on what to do with their income, the most important thing is that they are investing in something, but if it is someone who is close to you then you can encourage him or her  to invest in bitcoin and see if they will buy your idea or they will insist because I feel that what is holding most people from not investing in bitcoin is the knowledge.

For me, I think the first thing is INTEREST. Interest serves as the driving force, power and will yo push ahead or go into something with a full determination. Without interest, then, it is almost half failed because you may not do well, unless the interest is alter developed.

So for a case of Bitcoin, I don't really buy the idea of going around telling people to invest in Bitcoin and/or preaching it's advantages and how it gives financial freedom for live time, nope. I think people should be allowed to have interest and make personal moves by themselves to begin the journey by asking questions to individuals and internets also.

Lastly, everyone wouldn't invest in Bitcoin, and there is not bad about it. Some wouldn't because they fear it's fluctuations, some because they lack basic knowledge on how to start, some because they don't just have interest, while some are already into other investments which they feel is okay for them. So, it's a personal thing, and people should be allowed. But for us who have some knowledge and interest, I think what best we can do is to keep taking advantage of time and keep on with consistent investment and keep HODLing

[Hardyrobust]

You are right and I think the only rich people that won't want to invest in Bitcoin are those that doesn't have any clue on what Bitcoin investment is all about but someone who has a clue on what Bitcoin is about no matter how wealthy they are, they will strive to invest in Bitcoin even if they won't give the energy that will be enough.

I don't think that those wealthy people who don't want to invest into bitcoin is because they don't have any knowledge of bitcoin. Instead, I see them as proud individuals who believes that they know it all because they have made a lot of wealth for themselves in a traditional way. So, they don't believe in bitcoin or have the confidence in bitcoin because they don't care. They're sceptical about bitcoin.

Take Bill Gate for example, upon all the news about government and big tech companies buying bitcoin, he didn't make any move because he believes bitcoin is not worth putting his money into. We have many wealthy people like him all over the world with this mentality.

Yes some of them do have knowledge about bitcoin but may not want to invest in bitcoin because they may not see bitcoin in the light in which other rich folks that do invest in it do.
I think the reason why he may not want to invest in bitcoin may be far from what you are thinking. Moreover, bill gates may have diverse investment that can be able to substain him through our his life time on earth and even leave something for his next generation.