@thelogicaldude: So, I get where you are going with the message, but you are not entirely correct in saying that traders can't make it. Dude's gotta make a living somehow, it's not happening on Hive after 5 years. Trading has saved me and given me the only real income I have seen in quite a while. The problem is where people put us all into one basket is looking at all the retards out there on social media. The best traders I know and the people that I consider mentors don't even have active social accounts, they are too busy trading. The key is taking profits and putting them into something that will gain you more wealth overtime. Sure you can stack Bitcoin, or you can build another business like I am with the 3D printers, buy dividend stocks, real estate, gold, or whatever you want to do. But don't discount people that make their living by trading and throw us into the same category as the dumb ass airdrop hunters. That takes virtually no skill where trading is a whole skillset that takes years to master.
@beauty197: How can someone make wealth in a short period of time, tho people don't have the patience that's why people are busy looking for free dollars of airdrops but it's disappoints, like you rightly said build your wealth over a period of time. There is great difference between 1 and 10 and you have to patiently count from one to ten to be successful. I enjoyed the speech.
@outwars: I agree that wealth building is done in the long term. But, for those with only small starting funds, I can see why they would opt for short term. If they have just 500 dollars in funds, it can only go so far, even in the long term. By going short term, they are hoping to increase their funds, so that by the time they go for the long term plan, it can have a meaningful change in their lives.
@jammyjtr: Just reading the title, said a lot already. In watching the video, I just realized it's part of the psychological problems of being an investor, as well as FOMO and excessive worrying. People haven't realized free money doesn't exist, they just give it out to build more demand and not really to make them rich. Being an investor means looking long term, in my opinion that applies to every area of life.
@ai-summaries: Summary: The host discusses the importance of long term thinking and building over short term, get rich quick mentalities, particularly in the crypto space. He argues that the "house always wins" when it comes to quick money schemes, whether in gambling, trading, or chasing airdrops. Instead, he advocates for a patient, compounding approach using time as an advantage to build real wealth over the long run, like successful entrepreneurs and investors have done. The host cites examples like Jeff Bezos, Elon Musk, and Warren Buffett to illustrate how true wealth is accumulated gradually through consistent effort over many years, not through instant gratification. He contends that this long term mindset is crucial for succeeding in the volatile and failure prone crypto industry, where the big money will be made by those willing to put in the work to build sustainable projects and positions. Detailed Breakdown: The host begins by criticizing the short term, get rich quick mentality that he sees permeating crypto and finance in general. He argues that constantly chasing "free money" through airdrops and other quick payouts is a "fool's errand" and "pathetic" compared to the patient, compounding approach taken by the truly wealthy. He provides examples of successful entrepreneurs and investors like Jeff Bezos, Elon Musk, and Warren Buffett, who built their fortunes gradually over decades, not through overnight success. The host emphasizes that building real wealth takes immense time and effort developing products, infrastructure, sales teams, manufacturing processes, etc. He contrasts this with the impatience of the modern investor, who expects results in 90 days and panics over a single bad quarter. The host asserts that the "house always wins" when it comes to gambling, trading, and other speculative activities. He points out that there are very few professional gamblers or traders who consistently beat the market, as the pros have superior information, equipment, and resources. In contrast, he praises the "dumbass Bitcoiners" who simply bought and held Bitcoin over the years, reaping massive gains. Applying this to crypto, the host argues that the big money will be made by those willing to patiently build real projects and positions, not by those chasing airdrops and quick trades. He notes the high failure rate of crypto projects due to the inherent volatility and risk, and contends that long term holders will be the ones who truly prosper as the overall crypto market cap expands. The host concludes by emphasizing the power of compounding and the importance of using time as an advantage, rather than constantly seeking instant gratification. He encourages the audience to adopt a business building mindset, citing the example of the local plumbing company that has grown into a multi million dollar enterprise over decades. Overall, the message is one of patience, discipline, and long term thinking as the keys to lasting success, both in crypto and in life.