Mindset and how it can affect your investment decision.

[EluguHcman]

In Bitcoin investment, the rich minded people are the ones investing in bitcoin with the purpose of making profit on the long run, while the poor minded people are always full of excuses, instead they use their money for luxury and things that can not make them gain balance financially.

Come in... Investing in Bitcoin is not for everyone and perhaps not everyone who fails to invest in Bitcoin are poor minded people.
Don't forget Bitcoin is just a newly introduced asset which has not stayed up to 20 years but yet there had been people who are not only rich in their minds but financially rich by investing on other assets.

An experience investor does not follow the crowd out of ignorant instead they do their researches and as well the risks involved and if it is intolerable, they would ignore to invest. That basically is also part of the risk management we talk about in investment.

To me those who have instead to invest on Bitcoin but never do are the shallow minded enthusiasts who could not bear the risks or either the digital and Decentralised concept or are shallow (wick) minded to withstand the risks of volatility and uncertainty of the Bitcoin market.

[Yorubek]

In Bitcoin investment, the rich minded people are the ones investing in bitcoin with the purpose of making profit on the long run, while the poor minded people are always full of excuses, instead they use their money for luxury and things that can not make them gain balance financially.

I think that for long-term investment planning along with having the right knowledge one must have an investment mindset and prudent financial management. When a person has money left over after completing all the necessary expenses, he will be interested in investing. So if he cannot fulfill the necessary needs, he will never be interested in investing, because there is already a lack in fulfilling the necessary needs. It is true that as one need of people is fulfilled, another new need is created. Therefore, it is very important for a person to have a prudent financial management as well as a long-term investment mindset.

[yixichloro2xx]

‎I understand your point. The way we think about money matters a lot. But I wouldn't really divide people into rich or poor mindset. You said a person with a poor mindset often spend money in thing that aren't necessary, but at times that poor mindset also lacks knowledge about Bitcoin or they are not the type people who usually takes risk. Everyone with their choice. Financial education also plays a big role too. Any form of investment we make requires patience and discipline, and it's not everyone that can be patient in their bearish period. That's why I keep telling people that it's not everyone that can invest.

[Saltysugar99]

‎I understand your point. The way we think about money matters a lot. But I wouldn't really divide people into rich or poor mindset. You said a person with a poor mindset often spend money in thing that aren't necessary, but at times that poor mindset also lacks knowledge about Bitcoin or they are not the type people who usually takes risk. Everyone with their choice. Financial education also plays a big role too. Any form of investment we make requires patience and discipline, and it's not everyone that can be patient in their bearish period. That's why I keep telling people that it's not everyone that can invest.

If the financial situation is not good, it becomes very difficult to remain patient in bad times. Even if I want to, I will not be able to keep myself calm in bad times unless my investment money is made from my required money. You should invest with that money which you can use for a long time without using it. It will not have any impact on your life and financial situation. Along with a long-term mind set, a strong income flow is very important.

[Anayochukwu]

In Bitcoin investment, the rich minded people are the ones investing in bitcoin with the purpose of making profit on the long run, while the poor minded people are always full of excuses, instead they use their money for luxury and things that can not make them gain balance financially.

I don learn say life no be two, if you get money enjoy the money nothing be the thing, no take because you want stack up no come enjoy life but at the same time some level of money suppose go for investment wey go double your money, no be like say I mean say you go enjoy everything. one thing wey we go know about poor people be say them dey dwell in the presence and not future however, them dey enjoy life pass who dey build for future sometimes you self fit no enjoy weytin you build all the investment na children or others go enjoy and so no forget to enjoy too.

I wonder why someone go dey hungry because of investment, my brother life no get part two oo na de one wey you put for your belle na you no. Wether rich or poor investment na investment after all nobody give in investment to another person na still your own e be, so I no see anything wey dey wrong dere, person must chop wether you am or not. So make we no dey channel de whole thing for only poor because na normal thing wey dem dey do. There's one thing wey people dey always forget about investment and na that thing dey make Dem leave dere investment die of which e no dey good like that no be say investment na bad thing oo but make we no dey use am dey surfer ourselves just because of say we want make excess money knowing very say tomorrow na another day.

[Mr_Brilliant$]

In Bitcoin investment, the rich minded people are the ones investing in bitcoin with the purpose of making profit on the long run, while the poor minded people are always full of excuses, instead they use their money for luxury and things that can not make them gain balance financially.

But make you still sha know say nor be everybody wey never invest for Bitcoin get poor mindset..  Some people just dey different stage for life.. Some dey struggle to even sort basic needs, so telling them to invest first fit no really balance..

Yes, long term thinking na good mindset.. Person wey fit delay enjoyment today to build for tomorrow, that one na strong discipline..  But e no automatically  mean say anybody wey never do am yet nor get sense or vision..

[Sammye3]

Everyone has different perspectives and aspirations when it comes to investing so I don't really judge anyone who acts outside my own principles.  Whatever income the person gets can also be an influential driving force that shapes the mind.

Additionally,  the environment also happens too, because one who stays around an environment where people around talk about irrelevant issues and not what could actually help with growth,  would never learn about investments for the future.

There are people who have a rich mindset without investing in bitcoin so don't make Bitcoin the pinpoint for a rich mindset. Bitcoin is a good investment,  but aside that, there are other lucrative investments that could yield good profits over the years.

[Pikiboy]

Everybody in this world want to make or have an investment wether the Poor or the Rich , but the condition of life made everyone to have a second thought, which unfairly the Rich have opportunities to make much of investment than the Poor, in either to multiply their income reasons because they have enough funds they don't think of again, rather the poor thing on how to better their life with any little funds which enter there hand and you know you can't blame them of.not making investment most especially now that everything is expensive and the value of money is low ,it going to be difficult for the Poor to sustain themselves then still make an investment ,when you talk of Bitcoin investment, Bitcoin is not something that you will invest and make profit in a short time,it involved a long term before making profit that us safe,so is difficult for the Poor to multiply their funds.

[Wiwo]

There is no need to fake it, bitcoin investment is quite expensive and only the financially stable and buryant can invest in bitcoin comfortably and be able to wait for the long term profits that we always look out for in bitcoin investment, since we know how the market works, we should always identify and do the following.

1: what time frame we give to our bitcoin investment as specified long term time frame is needed to be able to take the right action when the time comes.

2: other thing also is how we invest and what we invest, that is where class separation comes to play, the rich are able to hold bitcoin for long term without any pressure, but that can not be done by average or poor investors.

[L E G E N D A R Y]

One can only take a horse to the stream but you can't force it to drink from that stream, allow anyone that is buying luxury materials with their money to do as they wish to because that is what is of importance to them at that time. Being rich is not meant for everyone, I don't know why we see it as if it's very necessary for everyone to become rich. We chose what we want because we have that privileged, being rich is difficult and to be poor is simple, that's why most people chose the last one.

Although you are right but that doesn't mean they won't try and work, at least to be able to take care of themselves, as its not good and advisable that people should have to dependent, which is not the right way to survive as a person and this mindset will lead them into engaging in some illegal activities that won't have any positive effect in their lives. So in order not to make decisions out of frustration and depression, its wise for one to learn from people who will impact positively to be self employed, in order to be able to care for themselves and also be a blessing to the society.

[Cleanshit]

One can only take a horse to the stream but you can't force it to drink from that stream, allow anyone that is buying luxury materials with their money to do as they wish to because that is what is of importance to them at that time. Being rich is not meant for everyone, I don't know why we see it as if it's very necessary for everyone to become rich. We chose what we want because we have that privileged, being rich is difficult and to be poor is simple, that's why most people chose the last one.

Although you are right but that doesn't mean they won't try and work, at least to be able to take care of themselves, as its not good and advisable that people should have to dependent, which is not the right way to survive as a person and this mindset will lead them into engaging in some illegal activities that won't have any positive effect in their lives. So in order not to make decisions out of frustration and depression, its wise for one to learn from people who will impact positively to be self employed, in order to be able to care for themselves and also be a blessing to the society.

I fact for someone that are too dependent their are no to be the devil hands tools because just as you have made mention having to be dependent might cause depression or anxiety and that what the devil is looking for, he usually works with people that don’t have anything doing at the end the preson might start to engage in some kind of activity that could end his or her life.

[Bryan jessy]

A person's mindset can have both negative and positive effects depends on the role the person chooses to play, in monetary aspects we can not decide for people on how they wish to spend their funds, one thing about an investment is that someone needs to be strategic and willingly to dive into it with an open mind or positive mindset regardless of the challenges and of course everything is usually not rose's as expected because there might be some obstacles and the ability to stand tall and unwavering in such situation makes one a true investors. Also before a person should start investing there should be a budget, goals and limits to an extent, else every effort to succeed goes in vain.

[AmaGold70]

When it comes to investing, your mindset plays a crutical role , a rich mindset will think about investing and multiplying his or her money in the long run, while poor minded people only chase luxury and short term profit. For instance, if a rich mindset has $150, he thinks of multiplying it, but when a person is poor minded, he or she thinks about clothes to buy or shoes to buy, thereby chasing those things that has only immediate profit instead of long term profit and investment.