Hard work does not guarantee wealth but yes where you store the value.

[Leahized]

As human who needs to eat and pay bills, putting all your money on bitcoin will only make you to sell your bitcoin below the price you bought it anytime you need to solve any of your expenses, and just practice could force you to sell all your bitcoin. Since bitcoin is volatile in nature and it's not a quick to get rich scheme, it's advised you invest in bitcoin with discretionary income it will allow you to hold your bitcoin for the long term.

Since investing in bitcoin can lead to market changes at any time, it should be done literally without any loss. So that one does not have to sell the saved bitcoins during a crisis. Since most of us do not have two or more sources of income, it is advisable to separate emergency funds from earned money. According to this statistic, investment in crypto will continue.

Moreover, we have developed a mindset that makes us unable to accept any loss. Therefore, one should be 100% sure before making any decision. So that it does not create anxiety in the future and allows for continued long-term investment.

[tabas]

I am not disagreeing with what you have said but I've seen those folks who have became rich with bitcoin alone. They have been one of the earliest and also took risk during that period. And so, even if they didn't diversify a lot, they've made their riches through it and right now they're the ones who are diversifying from the profits they have made from Bitcoin. While getting rich takes time and we know it, I'm okay with reaching it in the slowest way that it can be. I'm currently building assets and although I am not that type of person who have stayed to be reliant to bitcoin alone, but at some point of my life in the past, I did.

yep, some people did become millionaires with bitcoin alone. what's even more surprising is that some of them started with very little capital.

but how many people actually pulled that off? and realistically, bitcoin is not going to pump millions of time over again like it did in the early day. so that idea just does not really work anymore.

bitcoin can still help you build and grow your wealth. but leaning on it alone, with a small monthly paycheck as only fuel isn't a realistic way to get rich. i know that sound harsh but its truth, and we have to accept it.

I agree, it won't be the same this time compared to the early investors. But what we're saying is that, if it's about bitcoin alone, it's still an effective strategy in investing. Although we know that everyone wants to be wealthy, people will find ways on which one is going to effective for them. And if I am that person who earns a little which I do, I'll not stress myself out in finding those assets and investments that will grow tremendously because it will take time and might need a trial for how it will be. My strategy is that, will choose bitcoin amongst them all.

[Davidvictorson]

Everybody in this forum already discussed why hard work does not guarantee wealth. The problem is not only in our effort, is where we store the money. If you work and save fiat money, goes devaluing with the time and losing its purchasing value without you notice. Does not matter how much you work and store your money. The currency with fixed supply, like Bitcoin, inverts this logic to work in your favor, because the supply does not increase and does not lose value. The volatility of Bitcoin is a problem for who needs know what will happen in the short term. But thinking in the long term the problem is store money in the wrong currency?

Hard work guarantees wealth if the individual set smart goals.
There is no wealthy business person I know or have read of that doesn’t work ten times more than their employees.
Think Jeff Bezos , Elon Musk, Sam Walton, and many others.
Don’t the surprise that most of these folks don’t consider bitcoin as a good store of value for their wealth because they have more options and know how money works.