I believe more than 90% people in my country are confused about their investment and they don't know where to invest. A lot of expatriate people works and saves money for their future and they think they will do something after returning to the country. But most of them don't have any plans. They seek for plans on youtube and facebook. Unfortunately, most of their plans end up destroying their dreams.

Most people don't know about Bitcoin. A couple of days ago, I heard that the central bank of my country decided to print Tk 225 billion to save the banking sectors. What a shame. Most average people don't know what is going to happen after that. I will hold dollars and Bitcoin so I can face the inflation.

Agreed. Delayed gratification is the key. Most particularly for volatile investments like bitcoin. Stay focused on your goal. Resist those temptations by instilling more patience and self-discipline that will lead you to greater benefits in the future. If you dream of getting wealth, then find ways to make it possible. Not later or soon, but do it now.

The problem with most people is ignorance. They don't want to spend time to learn about a new investment. The have just decided to hold on to what they have known long time ago. There are people who still invest in company shares when it is clear that Bitcoin is more profitable. Others have been blinded by misconceptions that the crypto industry is a scam and will soon phase away. Bitcoin has the potential of increasing to any price, so I agree that we should have more than a four-year plan.

2 reasons for this impatience

1. whomever told them about bitcoin done the get rich quick advert rather than true investment advice
2. most people throw all eggs in one basket and know they need the money out soon because they didnt buy their groceries or pay their bills that month so were hoping for quick win to then pay bills.. they didnt prepare for emergencies or have a separate savings emergency fund to buffer their daily needs.

People forget that they have to make money first in order to buy BTC or make any investment, that is why you can see people asking questions like how they can make money from BTC, even when they are jobless and they are not making any money in real life. BTC is not a get rich quick scheme, you have to buy BTC with money you have already made or you need to have a skill or knowledge you can offer and earn BTC as payment

It's not as easy as you make it. First of all, if you are not from an educated or rich family, your chances of achieving success are very slim because you grew up in a place that makes everything hard for you. The mentality of parents isn't good, your connections are bad and etc... This is the case with 99% of people who grew up in such a place.
Second of all, people don't know what trading is. I'm from a developing country, and trading and forex are new words that we heard recently while the rest of the USA is doing all of this since the 20th century. Even in my generation, 90% of young people don't know what it is.

Holding an asset comes with knowledge. Sadly, I sold lots of coins in 2016-2017, because I was young with no knowledge of the economy and how things work in this world but since then, I focused on my mentality to keep patience and hold coins. in 2020, when I saw a bull run again, I became sure that holding of Bitcoin and investing in some altcoins with a big potential is a road to success and today it makes me very happy that I've come this far. I'm not rich but when I compare current days to my past days, I'm proud that I stand here, where I am.

Delaying gratification doesn't mean you will suffer your family for tomorrow's success; you can still pick up the few things you can sacrifice and deprive yourself of in order to get that desired result you want in the future.
 
If you are earning very well, you can give your family an average life, provide what they need, and deny things that are extremely unimportant, like luxury properties, which you can live without. Denying yourself of luxury alone is something many are not ready to do when they have the finances to fund that.

It's difficult for some people to grasp this because it is indeed difficult. In most places in the world, even making money itself is difficult enough. Trading for scarcest asset is good. A week later, the scarcest asset is traded back to fiat with a loss to pay unforeseen bills.

I guess Bitcoin indeed isn't for everyone, at least as an investment. And perhaps the most important of all from what's listed above is to make money. Bitcoin investment only applies when one has enough surplus. So, create surplus first.

And some people will choose to trade their bitcoin to get more Fiats, isn't that foolishness?. The Fiat is no longer bringing monetary solutions to humanity, neither is it ending inflation that has crippled the world economy but yet some persons just want to die with the mentality of keeping more Fiats than bitcoin in their possession. As the price of bitcoin is skyrocketing, that is how it's value is increasing and it's affordability is also reducing and becoming difficult for many to buy. Why won't those who are lucky to own it when the price was cheaper, HODL it.

It is crystal clear that bitcoin is becoming more of store of value than being traded or used for transactions because if it is being stored and the price gets to an incredible milestone in the future, the HODLERS may have created generational wealth for themselves depending on how much of it they have acquired and hold in their custody. Why don't we hodl an asset that have the potentials to turn us into millionaires when we hodl for long term future growths. It baffles me when people who earns in Fiats trade their bitcoins instead of them to use their Fiats and buy more bitcoins to their holdings.

There are no secrets to creating wealth; you are either smart or foolish in life.

You can acquire knowledge, but no one can teach you to be smart. Moreover, no amount of knowledge will help if you act foolishly.

/Over&Out.