Quote from: reinielle26 on July 04, 2018, 11:29:20 PM

Quote from: Silberman on July 04, 2018, 08:59:04 PM

Quote from: Gramna on July 01, 2018, 07:54:15 AM

I feel you brother, this is a real problem, these newbies who are easily swayed by false news or the slightest downtrend of the market. These people are the ones who are in the games just because they heard about the good profit they can get from it. They didn't really put in time and effort to learn and know more about Bitcoins, how it works, its implications, the market, the volatility and how their actions would affect the value of Bitcoin. It is not enough that you have the money to buy coins, you should at least equip yourself with the knowledge and skill sets necessary to be able to contribute to the growth of Bitcoin and its community.

Having money does not make you an investor, many people around the world had the advantage of being born in a family with money and in less than two generations most of those persons become poor and the reason is simple they do not know what to do with their money, a qualified investor even if he has a small amount of money will outperform a person with money in this or any other market all the time.

Very well said. Investing requires knowledge and experience in able to make a wise decisions for your investments. It is not just the money, if you do not possessed any skills you will just lose your money like the others.

It is believed that 80% of the millionaires in the world are new millionaires, that means they are people that were poor or middle class and then became millionaires through their efforts and skills, only 20% is old money or generational money, so having money now does not necessarily means you will have it tomorrow, in fact getting money is the easy part keeping that money is even more difficult.