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RE: Investing Is About Getting Rich Slowly Over a Long Time

in #bitcoin7 years ago

I think the whole "getting rich" mindset is harming cryptocurrencies.
I got into crypto not because of that, but because it is honestly amazing technology and I see a future where it is used everywhere. Profit is just a side effect to me. It is obviously nice, but if you get in just for profit, you will likely lose money in the end.

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Im not talking only about crypto, but I would agree. Im mostly talking about getting rich through traditional means. If you can save $10 a day for an entire year to put into a roth ira, you can retire very well off just from compounding returns and reinvestment in the market.