Post
Topic
Board Economics
Re: Prioritizing strong foundation over quick gains
by
teamsherry
on 09/05/2024, 17:00:58 UTC
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.

There is always a line between doing something the right way and overdoing it, when it comes to matters of quick profits most individuals also forget that they is also a high possibility of risk involved In it and hence when things go wrong if they had invested to much in such schemes they bear a much heavier weight of regret than most.

IMO whether it is a long term investment or short term investment, if you can mange the risk and do it the right way you can be successful. Memecoins bear a quite significant risk of failure and very little do well, so if anyone wants to invest in such he should approach with very little money.