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.

[Yatsan]

Well, this is true however, people chasing quick gain or profit schemes are simply signs of frustrations, probably with life. People are aware of how hard living is, which gives them the desire of having alternative routes to succeed despite of being aware that there's no such thing. Of course it would be best to establish a good foundation and gain profit on the long run but not all people have enough patience and firmness to last that long without having hopes for less time.

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.

Well, I cannot blame you for having such impression that some people are just being lazy of things but as I said, I would still believe that some peope are just feeling desperated and having feelings of frustration which is why they want to finish things up, earlier than expected. Anything that wasn't invested with time, cannot last that long. Perhaps problems may take place and since 'foundation' isn't that firm, damages could be taken and this is evident to most of the situations there is; career, economy, dreams and more. It will all boil down to one's mindset but changing it won't be too simple.

[junder]

Well, this is true however, people chasing quick gain or profit schemes are simply signs of frustrations, probably with life. People are aware of how hard living is, which gives them the desire of having alternative routes to succeed despite of being aware that there's no such thing. Of course it would be best to establish a good foundation and gain profit on the long run but not all people have enough patience and firmness to last that long without having hopes for less time.

Of course, everyone wants success or quick profits, while there are some of them who want that but they themselves don't want to put in the effort and process, this usually happens to young people who only think about a comfortable life. They don't think about the things they need to pay attention to in order to achieve success in their lives, such as trying or working hard. It's true what you said, there is no alternative way that can make us rich or successful instantly. it is impossible.

We have to be able to pay attention to things that really give us long-term benefits, whether it's investment, doing business or working hard. However, not everyone has the same level of patience, there are people who give up easily, get bored easily with the things they do, even though they have to maintain them. It cannot be denied, it is human nature that most people want everything to happen quickly without any prior process.

[btc78]

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.

Well, I think that you can do both.

You’ve mentioned about diversifying your portfolio and I believe that you should put most of your investments into a safe and popular cryptocurrency whether that is bitcoin or ethereum and then you should also invest some of your money into new and upcoming projects.

Taking risks sometimes is not a bad thing

[peter0425]

There is no right or wrong; it all depends on the result.

Exactly we are all in different stages of life and therefore have different goals when it comes to investing

We also have different capabilities for example one can only invest little of their money while others can invest huge chunks of it. Obviously you’d assume that that one person with less money would stick to the long-term investment while the richer one can go around exploring possible alternatives.

I don’t think there’s anything wrong with trying either one of them. Especially maybe they really need the profit right away. Whatever works best for you should be the one you are doing.

[Maslate]

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.

People should be responsible as well to do their part and invest on their knowledge first before trying to trust certain investments that they think will lead them into a successful and profitable life. Hence, extensive research is the key. Don’t just believe what people say, and become blindly educated like them, but instead learn to take the process step by step and don’t jump into risking a lot of funds until you’re not sure enough of your investment.

[martinex]

Right and profit on the other hand is an encouragement in our investment and it will produce positive emergy so that we are more confident in what we have tried to be sustainable. Well, of course there are some models that many people use in navigating there are those who want to be fast and use long-lasting patterns that ultimately provide maximum results for sure.

Admittedly, in terms of investments whose long-term approach orientation also provides a strong foundation and often provides more decent, stable results, but this approach model in its application may be difficult and requires additional alternative income so that the model can survive and can run well both later and others.

[Alone055]

Well, I think that you can do both.

You’ve mentioned about diversifying your portfolio and I believe that you should put most of your investments into a safe and popular cryptocurrency whether that is bitcoin or ethereum and then you should also invest some of your money into new and upcoming projects.

Taking risks sometimes is not a bad thing

You are right but that is only good for people who can manage both in a good way. You will often find people making both investments and getting into trading but failing miserably in one of the two. I know it's not that difficult to make investments if you are to choose only the top cryptocurrencies such as Bitcoin, but when it comes to trading, people often lose more money in trading than they can recover from their investments.

So someone willing to get their fingers into both investments and trading needs to make sure that they understand how both work because you can't expect trading to be just like investments where you buy an asset, keep it for some time, and then sell it when you are getting some profit. In trading, things get a bit fast, and only those who can keep up with that face succeed in it.

[wxa7115]

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.

Most people are shortsighted, and instead of thinking about how to make their dreams come true during the next decade, what they want is to achieve that level of success in just a matter of months, and only altcoins allow for such a thing to have a remote possibly of happening.

But what they fail to see is how low their chances of success really are, while someone that is willing to work hard for a long time and takes their time to gain the skills and knowledge necessary to become successful, can almost guarantee to reach the success they are looking for.

[Marvell1]

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.

Totally agree, success cannot be copied and each person will have their own success formula to guide them on the path to success. But many people still don't understand this and they think that just reading books and following the billionaire's advice will be successful, LOL. If success could be easily achieved then our world would definitely have no poor people.

I have also talked about the element of luck, it really plays an important role in anyone's success. I believe that if someone is unlucky, no matter how talented, knowledgeable, experienced or skilled they are, they will not succeed without luck. But luck is an invisible factor that no one can see, so many people arrogantly believe that they are successful not because of luck but because they are good.

[jrrsparkles]

First of Bitcoin is not really that long term compared to the traditional economic structure in terms of giving structure, even the one cycle is believed to be 4 years which is mid term according to stock investors.

There is nothing wrong if they can take risk and produce results but the only problem is things will likely go south mostly which bring unexpected results/loss. One should take risk based on the rewards which should outweigh the risk factors and after all there is no investment which comes risk free.

[Jawhead999]

Either of them are nothing wrong, as long as the person can manage the money, he will able to make a good amount of profit. Someone who can manage money from small to big definitely able to know to manage huge amount, but it's not always someone who're poor can't manage huge amount money.

First of Bitcoin is not really that long term compared to the traditional economic structure in terms of giving structure, even the one cycle is believed to be 4 years which is mid term according to stock investors.

It's better for you to check the all time graph on CMC or Coingecko, Bitcoin price always increasing overtime.

You might able to make more profit if you're a God who know the bottom and the top, unfortunately we're humans.

[Zoomic]

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.

Totally agree, success cannot be copied and each person will have their own success formula to guide them on the path to success. But many people still don't understand this and they think that just reading books and following the billionaire's advice will be successful, LOL. If success could be easily achieved then our world would definitely have no poor people.

I have also talked about the element of luck, it really plays an important role in anyone's success. I believe that if someone is unlucky, no matter how talented, knowledgeable, experienced or skilled they are, they will not succeed without luck. But luck is an invisible factor that no one can see, so many people arrogantly believe that they are successful not because of luck but because they are good.

While we strive to get good results in our businesses or investments, we should also consider getting positive results that will still be very active even  in the longrun, except we are aiming for short term results. Most times, quick gains only last for the moment, to get long term results, you need to build goodwill. While some people can get results in the easiest ways, others still need years of building goodwill to get the very results they want. Before copying anyone's style, be sure the goals are thesame. Imagine copying someone who has a short term goal to achieve when you actually want a long term result. This goes to say, what worked for Mr A might not work for Mr B even if they are in thesame line of business.

[el kaka22]

This is definitely a thing to care about, there are so many companies that focuses on this as well, because quick gains could make you a lot of money for a short time, but having a longer term vision would allow you to get richer for many decades instead.

Would you want a million dollars today, or would you want 100k with inflation rate increase every year for the next 40 years? Obviously the second option, everyone would pick second option unless you trust yourself that you could turn a million dollars into even higher but why would I want to risk that. This means that you should be focusing on a strong foundation and keep that going for decades, if I could do that then I would prefer that over quick gains at all times.

[Jatiluhung]

All of that may depend on a person's current financial condition. if he has income that continues to flow and is large enough so that there is always enough to be able to set aside money for long-term investments. Then yeah it will work and will be a strong foundation for the future. but if someone has an uncertain income and he only uses capital to increase his income, such as becoming a day trader, then yes, it is the right step to invest in the short term because he is not ready for the long term. Long term is only intended for those who really have extra money that they can put into long term investments. but for those who don't have excess money, short and medium term investments can be better. And maybe if you have profits from short and medium term investments then you can put them into long term investments.

[Wexnident]

~

Well quick gains can happen, just that instead of relying on the project, you're relying more on luck. While I do agree that it often leads to just losing all your money, some people can just manage to hit those kinds of things every once in a while. Not to mention that as long as you know how to look at the obvious scammy ones (which has no guarantee) vs ones that can give you profit (even if it's only in the short term), I reckon it can be a pretty good strategy.

Personally I think the same, but that's mostly because I suck at short term projects, always overextending my stay leading to a loss instead of a gain.

[dothebeats]

IMO, you can focus on strong foundations and set some quick goals in order to maximize your returns. I myself am investing on meme coins and shitcoins every now and then, especially if I see that there is a potential for such and there is a community hyping the project to other people. The proceeds of what I get from these short investments directly go towards my bitcoin stash and also in bettering myself, i.e. taking certifications for a skill that I wanted to get a job on and also taking care of myself.

It is never wrong to look for quick gains and short-term investments especially if the proceeds will go towards something more important. It's like doing side quests along the way and claiming the rewards to use for your main quest.

[Smartvirus]

Well, I think that you can do both.

You’ve mentioned about diversifying your portfolio and I believe that you should put most of your investments into a safe and popular cryptocurrency whether that is bitcoin or ethereum and then you should also invest some of your money into new and upcoming projects.

Taking risks sometimes is not a bad thing

I don’t see how you can actually archive great success without taking some huge risk. Risk are actually life changing, it could either change the way in which you approach investments, either by being more cautious or could even discourage you from taking up investment in such field at all. One thing is for sure though, so long as you desire to invest anywhere, you’re sure to be met by some risky situations.

I wouldn’t advise that you take investments, especially one that requires you investing a large part of your portfolio in any other coin other than Bitcoin. ETH might have stood out but, it’s not as decentralized as Bitcoin and those with higher stakes could always flip the coin just as they would want to.

[Queentoshi]

I wouldn’t advise that you take investments, especially one that requires you investing a large part of your portfolio in any other coin other than Bitcoin.

Quick gains are mostly attractive to new investors who consider that they should be able to make profit from cryptocurrency, just the way early investors in bitcoins have. These new investors completely forget the strong foundation that bitcoin has and go for new coins that they believe can blow up quickly for them to make maximum gain from. New investors who are always focused on investing in new coins will mostly be victims of pump and dump schemes.

[Promocodeudo]

I wouldn’t advise that you take investments, especially one that requires you investing a large part of your portfolio in any other coin other than Bitcoin.

Quick gains are mostly attractive to new investors who consider that they should be able to make profit from cryptocurrency, just the way early investors in bitcoins have. These new investors completely forget the strong foundation that bitcoin has and go for new coins that they believe can blow up quickly for them to make maximum gain from. New investors who are always focused on investing in new coins will mostly be victims of pump and dump schemes.

New people in the system always think about quick gain in cryptocurrency but with the little knowledge I have gotten in cryptocurrency things are not done that way, I have always advocate for Bitcoin investment for newbies because of its trustworthiness, aside newbies falling victim, old folks also end up making this mistake, there are many new coins no doubt but one thing is for sure almost all of them are scam, the mining process and everything they do doesn't look transparent, bitcoin as the first cryptocurrency have laid a legacy and thats why it is advisable for any investor be it old or new to always think bitcoin but if we must diversify, we have to go for coins that have been in exchanges for a long time and it should be a well known project in other to avoid regret.

[Lanatsa]

I wouldn’t advise that you take investments, especially one that requires you investing a large part of your portfolio in any other coin other than Bitcoin.

Quick gains are mostly attractive to new investors who consider that they should be able to make profit from cryptocurrency, just the way early investors in bitcoins have. These new investors completely forget the strong foundation that bitcoin has and go for new coins that they believe can blow up quickly for them to make maximum gain from. New investors who are always focused on investing in new coins will mostly be victims of pump and dump schemes.

New people in the system always think about quick gain in cryptocurrency but with the little knowledge I have gotten in cryptocurrency things are not done that way, I have always advocate for Bitcoin investment for newbies because of its trustworthiness, aside newbies falling victim, old folks also end up making this mistake, there are many new coins no doubt but one thing is for sure almost all of them are scam, the mining process and everything they do doesn't look transparent, bitcoin as the first cryptocurrency have laid a legacy and thats why it is advisable for any investor be it old or new to always think bitcoin but if we must diversify, we have to go for coins that have been in exchanges for a long time and it should be a well known project in other to avoid regret.

Whether they do like it or not, or even lets say that sooner or later they would really be making out those kind of realizations that its never been that good on having this kind of approach towards the market on which you would really be making yourself that in a hurry or in a rush on making profits or making money. Making yourself that delusional is something that you cant really be able observe or notice it out
into your dealing up with this market or whatever you are dealing with. Less knowledge and experience is something that could bring out that natural losses or missed opportunities due to this reason.
On the time that you would really be that making yourself that having that kind of learning then you would really be considering yourself that having that kind of progress.

Of course you would really be needing up for yourself to be that having a strong foundation since we are living in a world on which into those people who do find up ways are the
ones who would really be living or one to survive in compared into those who are rushing up on becoming rich. Sooner or later they would really be ending up on having
that kind of unfortunate condition which could cause up that devastation.

[Juse14]

I wouldn’t advise that you take investments, especially one that requires you investing a large part of your portfolio in any other coin other than Bitcoin.

Quick gains are mostly attractive to new investors who consider that they should be able to make profit from cryptocurrency, just the way early investors in bitcoins have. These new investors completely forget the strong foundation that bitcoin has and go for new coins that they believe can blow up quickly for them to make maximum gain from. New investors who are always focused on investing in new coins will mostly be victims of pump and dump schemes.

It's natural that this happens a lot to novice investors, because currently crypto and bitcoin investment has become a trend, especially among young people. Where they compete to generate profits through the investments they make. But as you said, it's a shame that some of them "forget about the strong foundation that Bitcoin has and look for new coins that they believe can explode quickly so they can gain maximum profits." They are really in a hurry to do everything, without doing a further analysis first regarding the coins they are going to buy so that instead of making a profit, in the end the investment they make only results in losses.

So it is quite important for us to spend a little time just studying and understanding the technology and intrinsic value of each crypto asset before investing. And by focusing on long-term investments and choosing projects that have a strong foundation, this can help us avoid fraud schemes and maintain profits in the long term.

[legendbtc]

I wouldn’t advise that you take investments, especially one that requires you investing a large part of your portfolio in any other coin other than Bitcoin.

Quick gains are mostly attractive to new investors who consider that they should be able to make profit from cryptocurrency, just the way early investors in bitcoins have. These new investors completely forget the strong foundation that bitcoin has and go for new coins that they believe can blow up quickly for them to make maximum gain from. New investors who are always focused on investing in new coins will mostly be victims of pump and dump schemes.

It's natural that this happens a lot to novice investors, because currently crypto and bitcoin investment has become a trend, especially among young people. Where they compete to generate profits through the investments they make. But as you said, it's a shame that some of them "forget about the strong foundation that Bitcoin has and look for new coins that they believe can explode quickly so they can gain maximum profits." They are really in a hurry to do everything, without doing a further analysis first regarding the coins they are going to buy so that instead of making a profit, in the end the investment they make only results in losses.

So it is quite important for us to spend a little time just studying and understanding the technology and intrinsic value of each crypto asset before investing. And by focusing on long-term investments and choosing projects that have a strong foundation, this can help us avoid fraud schemes and maintain profits in the long term.

But there is nothing wrong with them investing in those new coins. They can invest anywhere they want as long as they know what they are doing with their money, if they are willing to take bigger risks for bigger rewards then they can try with altcoins .
A lot of shitcoins exist in the market but that doesn't mean all altcoins are shitcoins. If many years ago, those who were willing to accept risks and invest in ETH, BNB or Sol, now they will have huge profits that many people dream of. Recently, in 2023, I also invested in Pepe and the profit it brought me was x7 compared to my initial capital. I don't think it's a bad investment.

[Juse14]

~~

But there is nothing wrong with them investing in those new coins. They can invest anywhere they want as long as they know what they are doing with their money, if they are willing to take bigger risks for bigger rewards then they can try with altcoins .
A lot of shitcoins exist in the market but that doesn't mean all altcoins are shitcoins. If many years ago, those who were willing to accept risks and invest in ETH, BNB or Sol, now they will have huge profits that many people dream of. Recently, in 2023, I also invested in Pepe and the profit it brought me was x7 compared to my initial capital. I don't think it's a bad investment.

There is nothing wrong with this, because the risks faced are proportional to what is gained. However, for the sake of caution, and to avoid significant losses, investing in projects that have a strong foundation is the right choice. But as you said, this all comes back to a person's readiness to take risks, and a person's understanding in choosing where to invest. and it should be noted that the crypto market has a fairly high risk of experiencing losses, where many alcoins do not have long-term value. Investing in new coins can indeed provide an opportunity to make big profits, as you said. However, before we decide to buy coins, it is quite important for us to do more in-depth research first, and only use money that we are ready to lose.

[legendbtc]

~~

But there is nothing wrong with them investing in those new coins. They can invest anywhere they want as long as they know what they are doing with their money, if they are willing to take bigger risks for bigger rewards then they can try with altcoins .
A lot of shitcoins exist in the market but that doesn't mean all altcoins are shitcoins. If many years ago, those who were willing to accept risks and invest in ETH, BNB or Sol, now they will have huge profits that many people dream of. Recently, in 2023, I also invested in Pepe and the profit it brought me was x7 compared to my initial capital. I don't think it's a bad investment.

There is nothing wrong with this, because the risks faced are proportional to what is gained. However, for the sake of caution, and to avoid significant losses, investing in projects that have a strong foundation is the right choice. But as you said, this all comes back to a person's readiness to take risks, and a person's understanding in choosing where to invest. and it should be noted that the crypto market has a fairly high risk of experiencing losses, where many alcoins do not have long-term value. Investing in new coins can indeed provide an opportunity to make big profits, as you said. However, before we decide to buy coins, it is quite important for us to do more in-depth research first, and only use money that we are ready to lose.

Yes, as long as someone can perceive the risk and is willing to take the risk then they can invest. It cannot be denied that bitcoin is the safest currency and worth investing in in the long term, but we should not be too stubborn and ignore bigger opportunities. Bitcoin will no longer be able to bring x10, x100 or x1000 profits if we invest from now on. But with altcoins, this is possible and if someone is smart enough and confident in themselves, then why ignore such an opportunity when the bull season is approaching? Don't impose your thoughts on anyone.

[wxa7115]

Yes, as long as someone can perceive the risk and is willing to take the risk then they can invest. It cannot be denied that bitcoin is the safest currency and worth investing in in the long term, but we should not be too stubborn and ignore bigger opportunities. Bitcoin will no longer be able to bring x10, x100 or x1000 profits if we invest from now on. But with altcoins, this is possible and if someone is smart enough and confident in themselves, then why ignore such an opportunity when the bull season is approaching? Don't impose your thoughts on anyone.

You are not wrong, but at the same time how many people that invest in altcoins actually know what they are doing? If a person is an expert trader, without a doubt it would be a mistake to not take advantage of the opportunities they have right in front of them.

But the majority of those that invest in altcoins are not expert traders and instead they are noobs that cannot distinguish a scam from a good project, and people like that should concentrate on just finding the best coin they can and hold it for as long as they can.

[teamsherry]

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.

There is always a line between doing something the right way and overdoing it, when it comes to matters of quick profits most individuals also forget that they is also a high possibility of risk involved In it and hence when things go wrong if they had invested to much in such schemes they bear a much heavier weight of regret than most.

IMO whether it is a long term investment or short term investment, if you can mange the risk and do it the right way you can be successful. Memecoins bear a quite significant risk of failure and very little do well, so if anyone wants to invest in such he should approach with very little money.

[DeathAngel]

Prioritising a strong foundation over quick gains in life is essential because it lays the groundwork for long term success & sustainability. Building a solid foundation ensures stability, resilience & the ability to withstand challenges or setbacks you could come across. Quick gains often lack stability & sustainability leading to potential instability & maybe failure in the future. By prioritising a strong foundation you can establish a solid base for growth, development & lasting achievements.

[Die_empty]

Prioritising a strong foundation over quick gains in life is essential because it lays the groundwork for long term success & sustainability. Building a solid foundation ensures stability, resilience & the ability to withstand challenges or setbacks you could come across. Quick gains often lack stability & sustainability leading to potential instability & maybe failure in the future. By prioritising a strong foundation you can establish a solid base for growth, development & lasting achievements.

A strong foundation starts with researching and learning about the sector one intends to invest or engage in. Many people are not willing to learn because they think that doing their own research is waste of time. They just get information from the social media which in most cases turn out to be fake or deceptive. Without learning one will be open to scam and Ponzi scheme projects. Most people end up losing money because they lack the right foundation because they are in a haste to get rich quick. Anyone you hear that looses money investing in Bitcoin either lacks the right information or is impatient. Most of the people who have lost money in the crypto space invested in shitcoins and the reason is faulty foundation.

[nara1892]

Prioritising a strong foundation over quick gains in life is essential because it lays the groundwork for long term success & sustainability. Building a solid foundation ensures stability, resilience & the ability to withstand challenges or setbacks you could come across. Quick gains often lack stability & sustainability leading to potential instability & maybe failure in the future. By prioritising a strong foundation you can establish a solid base for growth, development & lasting achievements.

A strong foundation starts with researching and learning about the sector one intends to invest or engage in. Many people are not willing to learn because they think that doing their own research is waste of time. They just get information from the social media which in most cases turn out to be fake or deceptive. Without learning one will be open to scam and Ponzi scheme projects. Most people end up losing money because they lack the right foundation because they are in a haste to get rich quick. Anyone you hear that looses money investing in Bitcoin either lacks the right information or is impatient. Most of the people who have lost money in the crypto space invested in shitcoins and the reason is faulty foundation.

I see the greed involved in it and maybe I would say that they are losers who always want the maximum but instantly, however even though there is success they can achieve but yes it is clear in the end as you said that there is no balance in the long run long because they will not have the right management to manage all the money or profits they manage to get. And this is where the importance of having experience and knowledge is where we can only get all of this when we want to learn everything related to this field, where this experience and knowledge will be the foundation for balanced success in the long term, and also I think it is not uncommon for us to I see people who are easily tempted by profits in the early stages and usually they are someone who is motivated to get involved and get involved after seeing other people's success, but they don't see it from various angles, especially in terms of risks, which in the end is clear, it's not rare to see them. who are victims of fraud and even if, for example, you succeed in making a profit, I am sure you will not have the right management to maintain it when you achieve something instantly.

[Mahanton]

Prioritising a strong foundation over quick gains in life is essential because it lays the groundwork for long term success & sustainability. Building a solid foundation ensures stability, resilience & the ability to withstand challenges or setbacks you could come across. Quick gains often lack stability & sustainability leading to potential instability & maybe failure in the future. By prioritising a strong foundation you can establish a solid base for growth, development & lasting achievements.

A strong foundation starts with researching and learning about the sector one intends to invest or engage in. Many people are not willing to learn because they think that doing their own research is waste of time. They just get information from the social media which in most cases turn out to be fake or deceptive. Without learning one will be open to scam and Ponzi scheme projects. Most people end up losing money because they lack the right foundation because they are in a haste to get rich quick. Anyone you hear that looses money investing in Bitcoin either lacks the right information or is impatient. Most of the people who have lost money in the crypto space invested in shitcoins and the reason is faulty foundation.

Strong foundation would really be something that you would really be needing up which of course this would really be built up via real experience on the time that you do make out engagement.
In speaking about over quick gains then this is the time that you would be thinking when you are still a noob but on the time that reality would slap into your face then this is the moment that you would really
be making out adjustments on the time that you would be able to experience those bad conditions. You would really be telling into yourself that you do need to adjust since you do have already the experience
then it would really be normal that you would be needing to do on what must be done.

You would really be able to get those strong foundation on the time that you would be able to get such experience which it would be building up overtime as you do go ahead.
There are really just those people who are really that in a rush on the  time that they would be dealing up with something.

[AmoreJaz]

Prioritising a strong foundation over quick gains in life is essential because it lays the groundwork for long term success & sustainability. Building a solid foundation ensures stability, resilience & the ability to withstand challenges or setbacks you could come across. Quick gains often lack stability & sustainability leading to potential instability & maybe failure in the future. By prioritising a strong foundation you can establish a solid base for growth, development & lasting achievements.

A strong foundation starts with researching and learning about the sector one intends to invest or engage in. Many people are not willing to learn because they think that doing their own research is waste of time. They just get information from the social media which in most cases turn out to be fake or deceptive. Without learning one will be open to scam and Ponzi scheme projects. Most people end up losing money because they lack the right foundation because they are in a haste to get rich quick. Anyone you hear that looses money investing in Bitcoin either lacks the right information or is impatient. Most of the people who have lost money in the crypto space invested in shitcoins and the reason is faulty foundation.

If someone is relying in social media, he is just subjecting himself to being scammed. Most people who are advertising or giving piece of advise in socmed are fake or has hidden agenda. It is always best to check out the official site of any project and learn from their docs presented what is their real purpose as well as actual developments for the particular project.

[legendbtc]

Yes, as long as someone can perceive the risk and is willing to take the risk then they can invest. It cannot be denied that bitcoin is the safest currency and worth investing in in the long term, but we should not be too stubborn and ignore bigger opportunities. Bitcoin will no longer be able to bring x10, x100 or x1000 profits if we invest from now on. But with altcoins, this is possible and if someone is smart enough and confident in themselves, then why ignore such an opportunity when the bull season is approaching? Don't impose your thoughts on anyone.

You are not wrong, but at the same time how many people that invest in altcoins actually know what they are doing? If a person is an expert trader, without a doubt it would be a mistake to not take advantage of the opportunities they have right in front of them.

But the majority of those that invest in altcoins are not expert traders and instead they are noobs that cannot distinguish a scam from a good project, and people like that should concentrate on just finding the best coin they can and hold it for as long as they can.

To me, if someone has no knowledge and is not willing to accept losses but still deliberately invests in altcoins with the idea of getting rich quickly, they need to receive a proper lesson. I won't feel sorry for those people because life is fair and they need to realize that everything has its price. Don't think too simply that they don't need experience or knowledge but always want to be on par with people who have knowledge and spend most of their time researching everything.

If there were no challenges on the path to success and success was too easy, everyone could succeed. Is it unfair for those who constantly learn and constantly try while many people do not want to make an effort but still want to succeed? Investing in altcoin or any field, when you fail, you can't blame them, but check yourself and know where you stand.

[Kelvinid]

Yes, as long as someone can perceive the risk and is willing to take the risk then they can invest. It cannot be denied that bitcoin is the safest currency and worth investing in in the long term, but we should not be too stubborn and ignore bigger opportunities. Bitcoin will no longer be able to bring x10, x100 or x1000 profits if we invest from now on. But with altcoins, this is possible and if someone is smart enough and confident in themselves, then why ignore such an opportunity when the bull season is approaching? Don't impose your thoughts on anyone.

You are not wrong, but at the same time how many people that invest in altcoins actually know what they are doing? If a person is an expert trader, without a doubt it would be a mistake to not take advantage of the opportunities they have right in front of them.

But the majority of those that invest in altcoins are not expert traders and instead they are noobs that cannot distinguish a scam from a good project, and people like that should concentrate on just finding the best coin they can and hold it for as long as they can.

This is the result of following influencers who encourage noobs to invest in the wrong project. Although some altcoins are still worth investing in but the majority are scam and shitcoins. This is too difficult to invest in crypto when we don't really have any idea what is all about, a lack of research nd understanding will certainly lead us to the wrong path. That is why I encourage newbies to consider studying the market as their top priority rather than looking for a gem because it is not difficult to choose a project to invest in when we have knowledge. And most importantly, we can't easily be fooled by scammers.

[slapper]

It may be appealing, but what's it really giving you? Cheap, short-lived high. Bitcoin is different. This is about substance, not speed. Everyone who gets caught up in flash-in-the-pan agreements loses depth and advancement. Why risk something that may disappear tomorrow when you can develop something solid? Strategic Bitcoin or self-investment

Too many chase shadows. They want the short win, not the larger picture. We must identify system problems and invest in solutions, not bandages. Long-term play is the key to power. Why not invest in something lasting?

[Rockstarguy]

Prioritising a strong foundation over quick gains in life is essential because it lays the groundwork for long term success & sustainability. Building a solid foundation ensures stability, resilience & the ability to withstand challenges or setbacks you could come across. Quick gains often lack stability & sustainability leading to potential instability & maybe failure in the future. By prioritising a strong foundation you can establish a solid base for growth, development & lasting achievements.

Good foundation is everything and it is the beginning of success. When foundation is taking for granted investment or trading just last for temporary time. Good foundation bring good productivity but the reason why people don't really take their time to make solid foundation is because of impatient, they feel taking time to build good foundation doesn't matter, things can still be derived so fast without wasting time building a good foundation.

In the crypto world foundation can never be taking for granted because when it is looked down by people they will still learn the hard way by even starting afresh to start building a good foundation. Trying to make money so fast and neglecting foundation won't bring anything good,  so it is better to do things right to achieve success without any regret and lose of money.

[Antotena]

.
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 used to be what many people look at before they buy any coin and when they do, they hold it for long term but those days are patient days which nobody want to practice anymore, they all want to buy a coin they can hold for atleast 2 months and makes 20x without stressing much on the market dynamics and what the coin they bought will so later, this is why meme coins now dominate everywhere without anything valuable to offer.

I remember going over some of the previous bull run, like the ICO times when you will see nice write up from whitepapers even though we know that their where a lot of scam projects but it was motivating seeing how everyone is looking at functional investment for long term but all of that are now in the past.

[Ultegra134]

You are not wrong, but at the same time how many people that invest in altcoins actually know what they are doing? If a person is an expert trader, without a doubt it would be a mistake to not take advantage of the opportunities they have right in front of them.

But the majority of those that invest in altcoins are not expert traders and instead they are noobs that cannot distinguish a scam from a good project, and people like that should concentrate on just finding the best coin they can and hold it for as long as they can.

To be honest, I'm not quite sure if there's such a thing as an expert. Altcoins—not talking about Ethereum or Solana, etc.—but those new ones that are popping up every single day are a pure gamble. It's all a matter of preference. Until recently, with Binance's Launchpool projects, I was never involved with altcoins and preferred the steady growth of Bitcoin. However, these new tokens yielded decent returns within a very short timeframe, and it was intriguing to say the least.They're either good or bad investment strategies; they're hit or miss. If you're up for the challenge, then they may be worth a try.

Ultimately, I still prefer being patient, such as I've done with Bitcoin, I've more than doubled my investment's value within a period of less than three years.

[junder]

To me, if someone has no knowledge and is not willing to accept losses but still deliberately invests in altcoins with the idea of getting rich quickly, they need to receive a proper lesson. I won't feel sorry for those people because life is fair and they need to realize that everything has its price. Don't think too simply that they don't need experience or knowledge but always want to be on par with people who have knowledge and spend most of their time researching everything.

If there were no challenges on the path to success and success was too easy, everyone could succeed. Is it unfair for those who constantly learn and constantly try while many people do not want to make an effort but still want to succeed? Investing in altcoin or any field, when you fail, you can't blame them, but check yourself and know where you stand.

If you invest without good knowledge with the aim of just getting rich in a short period of time, it seems like it's the same as losing money in style. Because in my opinion, profitable investments are long-term and with the knowledge we have, it more or less determines the future. So it is impossible to rely on fraudulent investments in the hope of getting rich quickly, because even this is not magic that will suddenly change the situation for the better it is very unlikely.

To be successful in terms of property, wealth or money, of course, we must have a process, where the process can be said to be a sacrifice whose purpose is to produce a positive right such as profit. Not only with investment, with other things such as business, in my opinion, it is the same, when the things we do fail, we must be able to introspect ourselves by correcting where we went wrong and fixing it so that it does not happen again in the future.

[eightdots]

To me, if someone has no knowledge and is not willing to accept losses but still deliberately invests in altcoins with the idea of getting rich quickly, they need to receive a proper lesson. I won't feel sorry for those people because life is fair and they need to realize that everything has its price. Don't think too simply that they don't need experience or knowledge but always want to be on par with people who have knowledge and spend most of their time researching everything.

If there were no challenges on the path to success and success was too easy, everyone could succeed. Is it unfair for those who constantly learn and constantly try while many people do not want to make an effort but still want to succeed? Investing in altcoin or any field, when you fail, you can't blame them, but check yourself and know where you stand.

If you invest without good knowledge with the aim of just getting rich in a short period of time, it seems like it's the same as losing money in style. Because in my opinion, profitable investments are long-term and with the knowledge we have, it more or less determines the future. So it is impossible to rely on fraudulent investments in the hope of getting rich quickly, because even this is not magic that will suddenly change the situation for the better it is very unlikely.

To be successful in terms of property, wealth or money, of course, we must have a process, where the process can be said to be a sacrifice whose purpose is to produce a positive right such as profit. Not only with investment, with other things such as business, in my opinion, it is the same, when the things we do fail, we must be able to introspect ourselves by correcting where we went wrong and fixing it so that it does not happen again in the future.

It is very important not to rush when investing, but to gain experience by watching the market and trying to learn from many sources. Rushing into investing and not being informed about investing can lead to bad experiences. The ambition to make quick money can also lead to making mistakes.

I agree with what you say because when we fail in our work, learning from these mistakes can bring us to a better place.

[AYOBA]

Earning or making gains quickly doesn't matter, it still depends on the investment you make or the type of coins you choose to buy. Are the ones that can bring huge profits in the future, Because that's what some people do not understand about the investment, and what causes it most is that they  do not wait to get much knowledge about the cryptocurrency investment, and they're expected to become rich in short periods of time, which is in possible accept the person is willing to lose all what it has been invested earlier. Because there's no way a person can invest in short periods of time and expect huge profits in that range.

[junder]

If you invest without good knowledge with the aim of just getting rich in a short period of time, it seems like it's the same as losing money in style. Because in my opinion, profitable investments are long-term and with the knowledge we have, it more or less determines the future. So it is impossible to rely on fraudulent investments in the hope of getting rich quickly, because even this is not magic that will suddenly change the situation for the better it is very unlikely.

To be successful in terms of property, wealth or money, of course, we must have a process, where the process can be said to be a sacrifice whose purpose is to produce a positive right such as profit. Not only with investment, with other things such as business, in my opinion, it is the same, when the things we do fail, we must be able to introspect ourselves by correcting where we went wrong and fixing it so that it does not happen again in the future.

It is very important not to rush when investing, but to gain experience by watching the market and trying to learn from many sources. Rushing into investing and not being informed about investing can lead to bad experiences. The ambition to make quick money can also lead to making mistakes.

I agree with what you say because when we fail in our work, learning from these mistakes can bring us to a better place.

That's right, things that are done in a hurry tend to end up with poor or less than optimal results. Not only with investment, in my opinion in other things it is the same when we do one thing that is done in a hurry, usually there will be actions that are not considered first, even though an action that will be taken should be considered first so as not to harm in the future, especially with investments that involve money, where money is what is wanted and of course by investing the goal is profit, so if done in the wrong way then losses are possible.

I agree with you that the ambition to make money quickly can lead to mistakes, especially in action. If indeed we make mistakes with the things we do we must be able to learn the lessons.

[Churchillvv]

For sure making a good foundation or a better income stream than making a quick profit is better than a short term profit. But for me desperate times comes with desperate measures.

It's our subjectivity that says making quick income is not good but it's better to have a quick profit when it's need. We should make better investment decisions build strong foundations as OP said but do the necessary when it is required.

[shinratensei_]

For sure making a good foundation or a better income stream than making a quick profit is better than a short term profit. But for me desperate times comes with desperate measures.

It's our subjectivity that says making quick income is not good but it's better to have a quick profit when it's need. We should make better investment decisions build strong foundations as OP said but do the necessary when it is required.

couldn't agree more with this when making money with investment its just matter of our flexibility, we can literally learn the foundation and build the strong foundation in the same time we are trying to invest.
i mean to be honest, if you are diligent enough to read whatever books or any material resources for learning out there you probably could get a strong foundation within days no need to spend time so needlessly when all the thing could be learn within short amount of time.

but what most of us are aiming at the end of the day is making profit if the chance of making quick income from investment is there why not take the opportunity.
its not like we can't learn from our mistake, every penny that we lost due to the investing and trading activities is money spent to gain experience so that in the future we might get the grasp of
how the market works and score good money.

[oktana]

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.

And that’s why following the due procedure is good. Because even when you fall, you would have built relationships that could come to your aid or even learnt things so you know how to fall safely. Making money through fast means doesn’t feel fun as well. There’s fun in competition, there are a bunch of life lessons to learn. If Elon was to start a new company, he will make it fly really fast because he has experience. But if he made his money so easily without having to learn, he would fail because he is just filled with money and no knowledge.

[ArumiBTC]

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.

If you know how to use Dex tracking tools such as nensen, arkham. or dexcheck, then meme coin can be beneficial too. I think it is nothing wrong venturing short term gain as long as you already know how to manage your portfolio and generate steadier income from other different choices. On chain or off chain.

[Dewi Aries]

couldn't agree more with this when making money with investment its just matter of our flexibility, we can literally learn the foundation and build the strong foundation in the same time we are trying to invest.
i mean to be honest, if you are diligent enough to read whatever books or any material resources for learning out there you probably could get a strong foundation within days no need to spend time so needlessly when all the thing could be learn within short amount of time.

but what most of us are aiming at the end of the day is making profit if the chance of making quick income from investment is there why not take the opportunity.
its not like we can't learn from our mistake, every penny that we lost due to the investing and trading activities is money spent to gain experience so that in the future we might get the grasp of
how the market works and score good money.

If we really want something like that we have to learn what to do, with investments that involve money where there are losses and profits, clearly this cannot be done just carelessly, we have to be able to use the time to look for information or things that can be learned to avoid loss in investment. study aspects related to investment as much as possible because it is impossible to carry out investments without good knowledge, if that is the case what will probably happen is losses.

but in my opinion, even if you invest, there doesn't seem to be any profit that can be obtained in a short period of time. Profitable investments are long term. but not everyone can do it because with the name of profit, everyone certainly can't wait to get this, so there are those who take action in a hurry without considering it first.

[Gaza13]

There is no success without having a strong foundation and it requires extra patience and a long time for us to process it. Many people take shortcuts or shortcuts to get big money, such as gambling or other things, I think they are taking the wrong path. And many who invest in meme coins, I think they are trying their luck there, I think they will play in the short term and they already know the risks. If we want to be successful, we have to make more than one income. If we don't have one yet
The foundation of earning more than one is not yet considered successful. Success cannot be achieved in the short term but requires quite a long time.

[YUriy1991]

but in my opinion, even if you invest, there doesn't seem to be any profit that can be obtained in a short period of time. Profitable investments are long term. but not everyone can do it because with the name of profit, everyone certainly can't wait to get this, so there are those who take action in a hurry without considering it first.

In fact, All people needs to be fast and instant, especially if we have seen people's profits and it also greatly inspires someone to do the same. I think what you have said above is quite reasonable also in achieving success and it is certainly not easy and quite difficult if applied.

However, if we focus and totality in my view, all of them will produce commensurate value because in realizing it also has a process and takes time and to achieve long-term sustainable goals of course.

[microsurfer]

That's header perfectly tell what people should do in the crypto but instead the majority of crypto twitter prefer shitty memecoins

[wxa7115]

You are not wrong, but at the same time how many people that invest in altcoins actually know what they are doing? If a person is an expert trader, without a doubt it would be a mistake to not take advantage of the opportunities they have right in front of them.

But the majority of those that invest in altcoins are not expert traders and instead they are noobs that cannot distinguish a scam from a good project, and people like that should concentrate on just finding the best coin they can and hold it for as long as they can.

To be honest, I'm not quite sure if there's such a thing as an expert. Altcoins—not talking about Ethereum or Solana, etc.—but those new ones that are popping up every single day are a pure gamble. It's all a matter of preference. Until recently, with Binance's Launchpool projects, I was never involved with altcoins and preferred the steady growth of Bitcoin. However, these new tokens yielded decent returns within a very short timeframe, and it was intriguing to say the least.They're either good or bad investment strategies; they're hit or miss. If you're up for the challenge, then they may be worth a try.

Ultimately, I still prefer being patient, such as I've done with Bitcoin, I've more than doubled my investment's value within a period of less than three years.

That on itself is a big sign, if even an investor with years of experience cannot tell apart a project that collapses and one that succeeds and makes a lot of money to those that invest in it, then this means there is no qualitative difference between those projects and their success is determined only by hype.

So a reasonable person should stay away from those projects as there is no way to predict their performance, and even if many of the forum members are not expert traders, we have come to similar conclusions on our own and we avoid those new coins for that very reason.

[Oasisman]

There is no success without having a strong foundation and it requires extra patience and a long time for us to process it. Many people take shortcuts or shortcuts to get big money, such as gambling or other things, I think they are taking the wrong path. And many who invest in meme coins, I think they are trying their luck there, I think they will play in the short term and they already know the risks. If we want to be successful, we have to make more than one income. If we don't have one yet
The foundation of earning more than one is not yet considered successful. Success cannot be achieved in the short term but requires quite a long time.

I don't know gambling is a shortcut to earn big money, all I know is gambling a shortcut how to lose money quickly if the sole purpose is to earn profit completely ignoring the fact that it is just for a past time  fun. Well, in rare cases, I may not call it a wrong path if a person indeed win huge money and decided to put up his own business with that same money he won from gambling. This goes the same with the memecoin. Those coins are the closest investment we can compare with gambling. It's like a lottery, people put a small amount of investment capital then leave it there and hope that it will take off  in the next coming months despite the fact that most of that kind of coin only has a very little to no chances of becoming successful nor even getting a good value to the market.

[Iranus]

There is no success without having a strong foundation and it requires extra patience and a long time for us to process it. Many people take shortcuts or shortcuts to get big money, such as gambling or other things, I think they are taking the wrong path. And many who invest in meme coins, I think they are trying their luck there, I think they will play in the short term and they already know the risks. If we want to be successful, we have to make more than one income. If we don't have one yet
The foundation of earning more than one is not yet considered successful. Success cannot be achieved in the short term but requires quite a long time.

I don't know gambling is a shortcut to earn big money, all I know is gambling a shortcut how to lose money quickly if the sole purpose is to earn profit completely ignoring the fact that it is just for a past time  fun. Well, in rare cases, I may not call it a wrong path if a person indeed win huge money and decided to put up his own business with that same money he won from gambling. This goes the same with the memecoin. Those coins are the closest investment we can compare with gambling. It's like a lottery, people put a small amount of investment capital then leave it there and hope that it will take off  in the next coming months despite the fact that most of that kind of coin only has a very little to no chances of becoming successful nor even getting a good value to the market.

I will not mention gambling because everyone knows gambling never brings good results. But investing in memecoins, I don't think all memecoins are bad. Doge, shiba and floki are the top memecoins on the market and I rate them even more worth investing in than other top projects. Look at how doge has evolved to this day, or how shiba and floki are creating their own blockchains and not just animal-named tokens for fun.
If we don't take the time to learn everything, we should not rush to equate everything as the same and bad, many memecoins have become symbols and culture in the cryptocurrency industry.

[bitLeap]

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.

Because I like the process, of course building a strong foundation is the main priority, regardless of stable financial conditions, starting from zero is something that must be done. Because in the future we will see someone mentality that was built from a long process with the mentality of someone who is always looking for an instant way. Facing financial problems, it will be easy to filter out those who can survive and those who give up quickly.
In financial matters, a system like this is very important, looking for short profits sounds tempting but the easy way always ends in easy losses too. On the other hand, an investor who has been through the process for a long time will be more careful in determining what he should invest in order to minimize the risk of loss.