Quote from: Fatunad on Today at 12:06:55 PM

Quote from: CageMabok on February 14, 2024, 10:30:50 PM

Quote from: invo on February 14, 2024, 07:47:26 PM

Let us correct that kind of mindset, Investing doesn't work like a magic wand that generates money instantly. Even if you invest in a popular asset, you still need to have a good understanding of the investment and the necessary actions to take in case of unexpected scenarios. It's crucial to educate ourselves and make informed decisions when it comes to investing.

The shape of each person's mindset in terms of investment and in terms of hoping to make a profit is different, but when it comes to investing in Bitcoin or other cryptocurrencies you must have a fairly wise mindset, such as not immediately expecting profits to come instantly. Because market conditions don't always work well enough, so in certain conditions everyone must be able to understand that we need to survive when conditions are bad and not panic when we see the price of the assets we invest in not moving well enough in a certain time.

Those realizations would really be able to be encounter along the way or on the time that you would really be dealing up into this market. It would really be that just that depending on how well you do hover yourself into this market. We do know that when it comes to investment then this is something that will vary or depending on how well you do handle your investment and made out wise decisions. Saving isnt bad because we do know that once we do have those savings then it isnt really just that good for emergency purposes but also for investment and businesses purposes too and other things which does involved money.

With just using up our own common sense then you would really be able to make yourself tending to save up and would really be having that kind of opportunity if ever you would be deciding
on going into that venture. It would really be just that on someones personal choice on which things that they would really be getting involved into. This is why it would be
better that you should really be having those plans and having those wise decision once you do decide on taking up a step.

Though simplistic, your approach is skating on thin ice. Will we go deeper? Saving is important, but it's not everything. A stepping stone, not a strategy. The true game? Diversification. It's more than saving for a rainy day or a new project. Spread risks and seize opportunities across a spectrum. Stocks, bonds, real estate, cryptocurrency, etc

Another thing: Financial literacy is required. Make educated decisions, not just options. Making investments without knowing market dynamics, risk assessment, and financial planning is like walking a tightrope blindfolded. You think you're progressing but aren't. Before you preach personal choice and common sense, do you understand the economics? Are you repeating platitudes? Be smart, think critically, and you might succeed in this difficult economy