Prioritizing strong foundation over quick gains

[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.