Prioritizing strong foundation over quick gains

[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.

[beerlover]

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.

The benefit of having something done with zero beforehand is amazing. Like for example if you have zero dollars and start a business and become a millionaire, it is not the same as having millions of dollars but still starting a new business from zero. A lot of startup ebook sellers or program sellers whatever those are called, shows that how they had 7 business' that did very well.

Their success was the first one, even if you end up spending zero dollars on anything else, in the back of your head you have the idea that you have a business that will cover for your rent and food etc etc, so it is not really zero. Same for trading, starting from zero knowledge and nearly zero money means that you are going to do a lot harder, but after that's done, nobody can ever stop you again.

[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.

[Hamphser]

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.

On the moment that you would really be finding yourself on such condition or situation on which you are really that confident on the things that you've been dealing with specially when it comes on making money
then sooner or later you would really be making out some realizations that its never been that too easy compared on what you are really that been thinking on, on which we know that there's no way that
everything should really be that easy specially if we do speak about making or earning money. On the time that you would be minding about those gains then you wont really be that able to think up well
in regarding on what are the basics that you would really be needing up to consider. Usually this is really that a common action or have in mind but doing things without actual plans
will really be that an another story.

[Cookdata]

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.

I wish this kinda advice age like win in crypto space but the truth is that these only matter if you are doing it for your own self, like trying to look at fundamentals before you invest but on wide scale today, a lot of people including the teams we are having today have gone wild. People now prioritize gain over working project that can open door for more opportunities in the future which can equally contribute to new price discovery.

For instance, take a peep at this X post from Binance account, they will be listing Notcoin, this coin or token rather was farm by people virtually just tapping their phone and now Binance is about to make it go big, a lot of people are going to cashout from this farming and airdrop and we have many projects that has been posting update on their github making something unique and even beg Binance for a place and other top tier exchanges but they don't just care because exchange prefer something that will bring them profits than the development of any projects.

[skarais]

I don't necessarily blame someone who thinks about getting big returns for their short term investments, it is very possible in crypto and in fact many people have already gotten it. The problem is that not everyone will have the same experience, sometimes it will take them months to get the same return while others only need 1 to 3 months to get return of hundreds of thousand to million of dollar.

Investors who have large capital are likely to get large returns in the short term even if the price increase is not too large. The size of the capital is the most determining factor, while analysis allows investors to determine where and when to buy.

[AnonBitCoiner]

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.

People often think that if they will invest and trade again and again then they will earn more but they don't remember that a single trade can make them wealthy if they do in an accurate way or with an accurate coin. Over trading never gives you profit but right trading can make you profitable so one should understand the difference between these two.

Meme coins are a highly risky investment so either you should avoid investment in it or invest little amount of you want to taste the reality of investment in meme coins. Meme coins are trending these days but their success will not remain forever therefore think before you do anything with your money.

[Riginac111]

I don't necessarily blame someone who thinks about getting big returns for their short term investments, it is very possible in crypto and in fact many people have already gotten it. The problem is that not everyone will have the same experience, sometimes it will take them months to get the same return while others only need 1 to 3 months to get return of hundreds of thousand to million of dollar.

Investors who have large capital are likely to get large returns in the short term even if the price increase is not too large. The size of the capital is the most determining factor, while analysis allows investors to determine where and when to buy.

it is this point of yours I normally emphasize on because many people does not know how to go into investment the higher the risk you take the more you make a profit and the higher the risk you take the more you lose so whoever that invest in Bitcoin or any other investment with minimum amount of Dollars will also receive a minimum profit but when you invest with the maximum amount you will also profit

[MissNonFall9]

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.

See there is no shortcut technique to succeed in life and sustain this success. And whoever makes short-term plans, even if success comes, it is never possible to sustain it. Success means far-reaching and long-term planning. But their work has to be done smartly which will make the work easy and smooth. So we should prioritize sustainable gains over quick gains and accordingly strengthen our fear.