Prioritizing strong foundation over quick gains

[Marvelockg]

The desire to see quick results of our efforts can be very tempting and some folks in a bid to get results would normally prefer shortcuts to get wealth over following the real process that involves investing time, effort, and resources into developing skills, building relationships, and creating value in themselves that will lead to a sustainable long term success.

Pursuing of quick gains will only push you into getting involved in get rich quick schemes and activities that only guarantee short term incentives and wouldn't allow you invest and develop yourself. It's one of the reasons why people prefer to diversify thier investment into meme coins and other short termed project because they are just after possible immediate results rather than focusing their investment in an asset like Bitcoin  that's known to grow steadily overtime or alternatively investing in themselves which is a sure way to increase your value in the long run.

Setting out strong foundation that's aimed at supporting long term gain is the best thing you can do for yourself and regardless of the fact that you might not be getting quick results like short term investors and individuals, the benefit that comes with long term investment in the right thing  will always supercede any quick gain that's mostly for short sighted individuals.

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[mu_enrico]

There is no right or wrong; it all depends on the result. Many people succeed in short-term projects or investments, for instance, a serial entrepreneur who built X then sold it, and then built Y then sold it, and so on. Pretty sure some people can get rich quickly because of crypto trading as well. However, what works for them may or may not work for you. If you cannot handle the risk associated with gambling short-term investment, long-term investment is the better choice because of the compounding effect; in other words, time will work for you. There is no right or wrong in your career development as well. Many people can be stars overnight, while others need more time to build their careers.

[kryptqnick]

I think it's normal and natural to want some quick gains, but it's not necessary to get them from financial things. If you have something dirty in your flat, and you know you can put some effort to make it much cleaner, you can go for it and feel better, seeing the fast result. Other things like that can be games, watching something you enjoy, eating something you love, etc. If you get your fast gains from non-financial areas in life, that might help to invest time and effort into things that are actually important for long-term success.

[AbuBhakar]

Work smart not hard. This is what I’m always using whenever I have a job that doesn’t pay me well for my work done. This is the only reason why I manage to land on a company that value me more because I have a lot of previous coworkers that still working on my old company doing same hard job that pay less while I’m already climb the rank on my new company with less work and more salary because I have a team already.

I think this is same on investment. It’s not bad to focus on faster way to get rich as long as you still apply risk manager on your investments, best example on this case is moving your fiat saved on bank and invest it on Bitcoin. This is much quicker way to get rich with risk involved.

[franky1]

the issue of wanting quick gains actually can work against itself

theres 2 types of quick gains
those that know normal banking only offers 4-5% per year, so those that see a 5%+ gain in hours and takes it at the single digit level in hours

those that see gains of 5% in hours and think its a signal of large pump of getting 2x(200%) quickly.. so hope to get quick large gains of large amount in weeks/month instead of banking of upto 20 years

the second mindset is where they keep missing chances of quick gains of 5% which they can repeat several times a month which they can repeat to accumulate to be more then 2x per year. thus they dont get the gains, and end up becoming hoarders

[Fortify]

The desire to see quick results of our efforts can be very tempting and some folks in a bid to get results would normally prefer shortcuts to get wealth over following the real process that involves investing time, effort, and resources into developing skills, building relationships, and creating value in themselves that will lead to a sustainable long term success.

Pursuing of quick gains will only push you into getting involved in get rich quick schemes and activities that only guarantee short term incentives and wouldn't allow you invest and develop yourself. It's one of the reasons why people prefer to diversify thier investment into meme coins and other short termed project because they are just after possible immediate results rather than focusing their investment in an asset like Bitcoin  that's known to grow steadily overtime or alternatively investing in themselves which is a sure way to increase your value in the long run.

Setting out strong foundation that's aimed at supporting long term gain is the best thing you can do for yourself and regardless of the fact that you might not be getting quick results like short term investors and individuals, the benefit that comes with long term investment in the right thing  will always supercede any quick gain that's mostly for short sighted individuals.

This is one thing you often learn to appreciate as you grow older. It's fine to take and make plenty of financial mistakes when you're in your early years - sometimes people strike it lucky, just look at the massive rise in the price of Bitcoin as an example of that. However the older you get, the more you need to think about investing today so you will be prepared for the long haul many years from now. The effect of compounding is what largely contributes to gains in the stock market for example, as long as all your money is reinvesting over time - either from dividends or companies plowing their profits back in each year. The key is time and patience however, it can take a couple decades before you truly start to appreciate how important that part is.

[Alone055]

While it's true that finding shortcuts isn't a good way to go when it comes to investments, we need to acknowledge the fact that some people don't have risk management skills which mostly becomes the reason behind their failure in short-term investment ventures whether it's in the cryptocurrency market or anything in general. A person who understands the risks and knows how they need to manage the risks associated with an investment they are going to make will have a higher chance of getting success or even if they don't get success, the failure won't affect them much.

Those who make investments blindly without having enough knowledge and understanding about the things they are doing will surely see negative consequences at the end, and they have themselves to blame for that.

You can't expect to get rich over night by making investments in assets that have high risks when you don't have risk-management skills and have any know-how about how you should manage your finances.

[topbitcoin]

A focus on quick profits can lead to large risks. There are those who choose easy ways of making wealth, but these may offer immediate results only. Instead, spending time and effort to nurture your skills, connections with others, and self-esteem will yield stable success in the future. At times people are encouraged to spread their investments between meme coins and other short-term projects for faster returns when in fact it would be wiser to invest in assets like Bitcoin that steadily appreciate over a period or invest in one's own development.

One of the most common methods to make a lot of money in a short period is participation in get-rich-quick schemes and activities. However, it is the accomplishment of long-term success that is based on laying a strong foundation and investing in oneself. The results may not be as instant as what short-term investors would expect, but the values and benefits that can be derived from an investment in yourself are certainly worth more in the end.

[lovesmayfamilis]

Every person has moments in life when he has a chance to become richer if he does not miss his chance. The “here and now” moment suggests that if you don’t take a risk now by investing, for example, a certain amount, tomorrow the offer will not be relevant. But it is important to fully understand the risks. Unfortunately, scammers often work on this formula, offering people instant profits. And here, it is important to separate black from white. Those who foresee the next steps clearly and soberly, without being deluded by unrealistic things, will be able to catch luck by the tail. But at the same time, by slowly but carefully checking their actions, people also achieve success. But sometimes this path takes a lot of time.

[Marvell1]

There is no right or wrong; it all depends on the result. Many people succeed in short-term projects or investments, for instance, a serial entrepreneur who built X then sold it, and then built Y then sold it, and so on. Pretty sure some people can get rich quickly because of crypto trading as well. However, what works for them may or may not work for you. If you cannot handle the risk associated with gambling short-term investment, long-term investment is the better choice because of the compounding effect; in other words, time will work for you. There is no right or wrong in your career development as well. Many people can be stars overnight, while others need more time to build their careers.

You have a point there, and your opinion couldn't be more accurate. The result will be what we rely on and evaluate someone, the process does not say anything. Many people like to teach others how to get rich and how to invest properly, but they themselves have not been successful and have not achieved any significant achievements.

Each person's circumstances, economic conditions, thoughts, and visions are different, we cannot criticize or look down on them just because they do not do the same things as us. Just like I often tell some people who like to criticize and badmouth others, "don't try to teach rich people how to spend money."

[davis196]

The desire to see quick results of our efforts can be very tempting and some folks in a bid to get results would normally prefer shortcuts to get wealth over following the real process that involves investing time, effort, and resources into developing skills, building relationships, and creating value in themselves that will lead to a sustainable long term success.

Pursuing of quick gains will only push you into getting involved in get rich quick schemes and activities that only guarantee short term incentives and wouldn't allow you invest and develop yourself. It's one of the reasons why people prefer to diversify thier investment into meme coins and other short termed project because they are just after possible immediate results rather than focusing their investment in an asset like Bitcoin  that's known to grow steadily overtime or alternatively investing in themselves which is a sure way to increase your value in the long run.

Setting out strong foundation that's aimed at supporting long term gain is the best thing you can do for yourself and regardless of the fact that you might not be getting quick results like short term investors and individuals, the benefit that comes with long term investment in the right thing  will always supercede any quick gain that's mostly for short sighted individuals.

Why are you so sure that the Bitcoin price will keep growing forever? What if the Bitcoin price becomes zero(or close to zero) after 10 years?
We all know that such possibility exists. Bitcoin cannot be called "a strong foundation" because it simply isn't a strong foundation. Bitcoin is a volatile and therefore risky financial asset(and that's completely fine). Some people want fast profits, so they become day traders. Other people prefer long term investments, so they just buy and HODL BTC. That doesn't necessarily mean that their profit is guaranteed. Every investment has a certain level of risk. Comparing Bitcoin to meme coins and pump-and-dump ponzi schemes simply isn't serious.

[mu_enrico]

You have a point there, and your opinion couldn't be more accurate. The result will be what we rely on and evaluate someone, the process does not say anything. Many people like to teach others how to get rich and how to invest properly, but they themselves have not been successful and have not achieved any significant achievements.

Each person's circumstances, economic conditions, thoughts, and visions are different, we cannot criticize or look down on them just because they do not do the same things as us. Just like I often tell some people who like to criticize and badmouth others, "don't try to teach rich people how to spend money."

Even if, let's say, I'm a successful whale, it doesn't mean I can teach you how to get rich... What works for me may or may not work for you, as I said previously. Don't forget the luck factor as well, since maybe I'm just lucky.

Hence, whether it's short-term or long-term, high-risk or low-risk, people shouldn't just take the information at face value but dig deeper into what's best for themselves.

[Gozie51]

Pursuing of quick gains will only push you into getting involved in get rich quick schemes and activities that only guarantee short term incentives and wouldn't allow you invest and develop yourself. It's one of the reasons why people prefer to diversify thier investment into meme coins and other short termed project because they are just after possible immediate results rather than focusing their investment in an asset like Bitcoin  that's known to grow steadily overtime or alternatively investing in themselves which is a sure way to increase your value in the long run.

I see your point here on trying to invest in long time so that profit in the future can be achieved but cryptocurrency is not to be considered as such investment. Both meme coins and Bitcoin are all under cryptocurrency and they have almost same characteristics in terms of profit and losses. Cryptocurrency is known for profit during bull and so what happens after bull is bear. During bear, no crypto is likely to be profiting so the difference between bitcoin and meme coins is that they may be valueless while btc retains its unit but profit may not be reached but depreciation of price. So at this point btc is also not profitable and it means the investor has no profit to him. Therefore, I don't think bitcoin will be the best type of investment that you are referring to. You make profit in Bitcoin but it is after a long while in hodling except you are luckyly trading it.

[Furious 7]

As is often said by people who have managed to achieve success in any field where they say that maintaining is much more difficult than getting and I think this is a fairly reasonable reason why we should be more concerned with a strong foundation than quick results or instant results, because when you want quick results then usually you will have difficulty in terms of maintaining the wealth, one of the reasons is because you do not have the experience or insight into how to keep your wealth can last in the long run along with always being able to develop several things such as business to always be able to give you profit.

In the field of investment or trading as we know that everyone has a goal to achieve profits, but there are always some people who are too impetuous in their desire to achieve large profits but in a short period of time with various ways they find, yes maybe it can be achieved in several ways even though it looks not too reasonable or too risky. but what we must remember is that everything is too much, But what we have to remember is that everything must go through a process first because that process will give us a positive or negative experience that we will make as a lesson as well as to develop our skills, by having experience then we will have a lot of knowledge about what to do and what to avoid.

[Kriptogram14]

Pursuing of quick gains will only push you into getting involved in get rich quick schemes and activities that only guarantee short term incentives and wouldn't allow you invest and develop yourself. It's one of the reasons why people prefer to diversify thier investment into meme coins and other short termed project because they are just after possible immediate results rather than focusing their investment in an asset like Bitcoin  that's known to grow steadily overtime or alternatively investing in themselves which is a sure way to increase your value in the long run.

I see your point here on trying to invest in long time so that profit in the future can be achieved but cryptocurrency is not to be considered as such investment. Both meme coins and Bitcoin are all under cryptocurrency and they have almost same characteristics in terms of profit and losses. Cryptocurrency is known for profit during bull and so what happens after bull is bear. During bear, no crypto is likely to be profiting so the difference between bitcoin and meme coins is that they may be valueless while btc retains its unit but profit may not be reached but depreciation of price. So at this point btc is also not profitable and it means the investor has no profit to him. Therefore, I don't think bitcoin will be the best type of investment that you are referring to. You make profit in Bitcoin but it is after a long while in hodling except you are luckyly trading it.

Yes, because if we talk about future investment, what is more profitable is buying a lot of gold for future savings, because the price of gold will continue to rise, with bitcoin, sometimes it goes up, sometimes it goes down, so if you invest for the future, buy a lot of gold, if it's bitcoin It could also be for the long term, but it's uncertain, we'll be smart enough to monitor the price of Bitcoin going up or down, because in the world of entrepreneurs, they prioritize quality over quantity, even if the profit is small but the goods keep turning over, it's better than making a lot of profits but the goods keep turning over for a long time, That's what is meant by strengthening the foundation first and then making profits. Over time, profits will definitely increase if our foundation is already solid, it's also called that in the world of entrepreneurs.

[mirakal]

Work smart not hard. This is what I’m always using whenever I have a job that doesn’t pay me well for my work done. This is the only reason why I manage to land on a company that value me more because I have a lot of previous coworkers that still working on my old company doing same hard job that pay less while I’m already climb the rank on my new company with less work and more salary because I have a team already.

I think this is same on investment. It’s not bad to focus on faster way to get rich as long as you still apply risk manager on your investments, best example on this case is moving your fiat saved on bank and invest it on Bitcoin. This is much quicker way to get rich with risk involved.

I guess there’s no such working hard if you really love your job. The fact that you get to enjoy your job knowing it’s your passion, it’s more on you still get to work being smart. However, it’s a different case when you work hard yet you are not well compensated. Of course, you have to be smart in your choice and decision making. Go for a hustle that suits you well.

Now when it comes to an investment, aiming for quick gains is normal since everyone gets greedy at some point. However, it’s still more satisfying if you land an investment that works for long term. And bitcoin is a perfect example of that. Honestly, with bitcoin, you can make short and long term investment profits, it’s just a matter of preference. Of course, you get small amount of profits for short term but if you chose long term hodling with bitcoin, your profits will certainly become massive and life changing, most especially if you earned good amount of bitcoin in your portfolio.

[Gladitorcomeback]

I know that it's not the right approach and one should try and make investments where they know they will get good returns while the risks aren't extremely high, but I wouldn't blame those who try to find quick ways of earning money because we live in an era where money is very much important for every person since you can't do anything, literally anything, if you don't have money, and this notion makes everyone eager to earn as much money as possible.

Some might be doing it for the luxuries of life, they might be doing okay but they want an upgrade in their lives so they keep looking for ways that can earn them a lot of money in a short span of time which can only happen if a person is either extremely lucky or extremely hard working.

[bittraffic]

It's tempting to do it after all you have the money after selling the investments you have. Going for memecoins because it's the hyped narrative these days is actually a good quick gain for an investor today because you only need a very small amount and then get out. In this situation, however, some of us will think why put a small amount to invest in memecoins when you can invest big to make big gains?  Well, that's what many did in the past as well, you just have to remember to sell in the ATH.

[Frankolala]

Will I call it greed for trying to reap from where you did not sow, or will I call it wrong decision making. Laziness and patience with life, and our investment is what can lead to such thought of looking for short cut to quick riches. This is why people who think they are smart enough to outsmart the market ends up filling their backs with shitcoins believing that they will make a fortune from it. Investment is something that takes time to grow and needs patience with sacrifice.

However, some people have also been lucky to make a fortune from shitcoins, especially the devs because they control the price. Those that have benefited from some meme coins will still fall victim, and run at loss in the latter, because they will not quit from buying them. It is when they have experienced a great loss, that they will fall back to bitcoin, after wasting time and resources. Short cut to riches has more risky than favor.

[Rruchi man]

Setting out strong foundation that's aimed at supporting long term gain is the best thing you can do for yourself...

Quick Wealth is very deceitful and can be dangerous because it can make someone become more comfortable thinking that they are doing okay without considering the future. Life would be easier for someone who has never been rich than for someone who was rich and is now broke and bankrupt.

With a strong foundation, riches has been built at a consistent rate, and because of the financial confidence and skills that the person who prioritizes a strong foundation has acquired, it becomes very difficult and less likely for that person to become broke again and totally bankrupt.