People who are new to the market sees that the Bitcoin gave 200% returns in 2 months and thus they think that they can earn big in crypto, but that is quite rare and hard to get. Even if you have found a great coin which can give 1000% returns but what if it gives negative returns. Now if I take Bitcoin as an example, it was not given any return from the last 2 years but whoever remain invested in it is reaping the benefit now.
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For a newcomers it looks like a overnight success but trust me consistently remain invested will surely benefit in the long term. I know if you can trade, it's quite good but people like me who is not good at trading basically goes for long term investment itself. I have invested in Bitcoin and thus my portfolio have given me over 100% returns or more. And this happened because I have not traded well, if I would have sold at high and bought again at low it might be different story all together.
Similarly on Hive too, I might have sold some Hive here and there but I was consistent enough to save Hive whenever I got it and thus I have build a decent portfolio out here and thus I can say that once Hive reaches ATH I will be in great profit. Every other finfluencers talks about compounding thing, which means if you have 1 cent today and it gets doubled every day you will be a millionaire in a months time.
Why they give this example is because when we do small savings consistently which gets compounded for long periods of time can be a wonder. When we understand compounding and its effect on wealth creation that is where the magic happens. It's not about getting overnight rich, it's consistently investing as small as possible and let it compound for years and see how your postolfio will become 10 times.
That's why if you see almost every other investor things about investing early. But even though we have missed that time, the other best time is to start today. So if you have not started saving till today then it's good to start today and do investments regularly even if it's in a small amount. You will start to reap the benefit in years to come.
There might be 100 of get rich quick scheme in the market, we just have to stay away from it and keep investing for the future. Again we have yo be consistent because consistency gives phenomenal result in long term.
