Bitcoin Forum

When it comes to Bitcoin there are many reasons to believe that the cryptocurrency has the power to create wealth. Even small amounts of Bitcoin have made people incredibly wealthy. In December of 2015, The Guardian reported the case of Kristoffer Koch, a Norwegian who had purchased Bitcoin worth $26.60 in 2009. Koch acquired a total of 5000 Bitcoins for his investment, which at last year’s rate was worth $886,000.

A nice article that you should read : https://cointelegraph.com/news/want-to-be-a-millionaire-two-main-rules-of-bitcoin-investing

I think this is a bad way of thinking about bitcoin and advertising it. "get rich quick with bitcoin!"

whenever I tell anybody about bitcoin, be it a friend or family or someone on the internet, I have always tried to stick to the benefits of it being used as a currency not an investment. and we need more users who adopt bitcoin as a currency in my opinion, rather than more speculators to play around with the price and make more $$$ in return when they dump and exit.

Wow what a load of crap! 2 main rules of Bitcoin investing - given examples of an early adopter, the guy who bought the 10k coins pizza and a couple of bullshit long-shot speculators giving 'estimations'. Wow  ;D

I want to shake the hand of the person who wrote this.

Will be hard or maybe never happen again, becomes a Norwegian that has large of money because purchased bitcoins worth $26,6 in 2009.
Because it was past time, I am doubt bitcoin's price will back to $26,6/BTC :D
Right now the best solution is looking for altcoins that has potential the price will increasing every , days, month or years.

i am not even going to click on that link because i will never read anything from cointelegraph, it is all crap click baits with poorly written articles and sometimes even they hype and altcoin to get pumped and they get paid.

and it is interesting when i see these news sites only talk about moon and becoming rich, etc when price has already risen and they are sure it is not going to go down.

this article would have been worthy of reading if it was posted in the beginning of 2016 or even in 2015 when price was low and everywhere was full of FUD.

Yes, I always believe in the crypto currency. it will bring many earnings for us if we try to seek which crypto currency has bright future and hold it for long term . I also look at some small crypto currencies with very cheap price and total coins under 100mil coins beside that this coin does not creat many coins leading to big inflations . That is my simple idea .

Not much could be taken away from articles like that. Total bs.

I thought there is something new and interesting to read, but it is all old things which we already know.
Who does not know that someone should and hold the coins in order to get profits out of it? And there is no one in the world who does not try making their money safe, it is a natural thing that a person or even an animal always hides what they like somewhere where no one can find them.

The guy' s a bit lucky i think, if it were true. 26.60 is pretty much a forgettable amount for investment and who would've known bitcoin's price would surge this high right? I don't think he even thought about what he bought and just left it until the price of btc became really significant. Perhaps one of the current alt coins right now are also destined to be priced like btc in the future, we'll never know

These kind of articles are great to attract new people into bitcoin and other crypto currencies but these sort of stories are good as the people who started mining and using bitcoin during the initial phase are really millionaires by now and that is how everyone hope so because i do think people do book their profits long back and you really cannot evaluate the price according to the current valuation as i know people who sold coins when it was less than a $100 thinking it is the highest it can get.

Everybody in this forum are desiring to become a millionaire, but it doesn't mean it can happen that  here in this industry. It maybe or it maybe not. Although I believed there is an instances that we can have a lot of money or bitcoin in cryptocurrency whether it is altcoin. But we can only have it if we will going to show some handwork in making some profit in this industry. And I think that would happen only if we are good in trading.

I don't think this kind of strategy won't work anymore due to its price and popularity right now. Unlike before where the price is very low because it isn't known by people and and a few want to use them. It's better to wait to some things that is newly launch like altcoins, maybe, that will last years.

did you read this articles or not because you really don't understand what article means and inside it already mentioned that buying bitcoin and keep them wisely untill the particular times will makes you became an millionaire and i think that make sense because the price will high year by year so directly the profit will so huge and i think this is also good options and currently i'm consider to try it

We complain when the price is low, we all know that popular materials gold itself goes down by its price sometime. it happens in everything. so what we have to do is we must have patience so that the price goes high again and we can reap the benefit from it. reason why bitcoin is best part of investment is simple : we get profit from it by holding the coin, if you are smarter enough by trading you can earn well.

To earn in btc is not so easy as we think, it requires lot of hardwork. first we need to understand how it works, we must have the patience because of the price fluctuation which disturb sometime. need to spend more time on btc to learn about it more and to do the business. without trading we cannot earn more. one thing btc is doing to us is it is not making us millionaire but giving us extra income which is making us fulfill our daily needs.

Any industry it is same because until we give our best shot at something we will not earn more. earning in btc also not so easy we must be skilled about btc, we need to learn more about trading. if we have enough resource of income and this am telling to the person who is very good at btc, mining is one of the way where they can make more money. but it is risky. if we want to play safe then sorry becoming millionaire is not possible.

We can read in this article that "there's a 50/50 chance that 100 BTC will be worth $1 mln USD within 35 years".
Ok, great perspective, fifty-fifty chance that someone will be even more rich when he/she already rich, wow!
I don't have 100 BTC I am not even remotely close, I joined the race too late to be able to purchase BTC at really low price.
Plus, after 35 years I will be probably dead anyway so what is the point?

You are right. Bitcoin is the only way to make and gain the wealth. Even a starter like me can grow their wealth. It was really an incredible moment when i got some good profits from bitcoin trading, then why can not others

We cannot give only 2 rules to become millionare not in btc but anywhere. you have to take lot of steps and you have to use your time much effectively then only you can earn in millions. But best things what one can do here in btc is trading which requires good knowledge of btc world, do some freelance project which will give the regular income and you can enhance your skill. 

if you want to earn more in the btc, try to learn as much about btc, do trading, if you are having good resource then go for mining where you will create you own money not so easy, to become a millionaire you must take these steps. otherwise if you want to play safe then invest as much on bitcoin, do trading which is not much riskier than the mining but it requires lot of knowledge of btc, for sure you will learn the things fast the way you explore here.   

Unless you are already rich and have capital there is no way you will become a bitcoin millionaire, not anymore, early adoption times are over. Deal with it.
Of course there is slight possibility that  bitcoin will grow exponentially in the future - but still it is less than wise to expect that with your 1 or 2 BTC you will become a millionaire in 10 or 15 years.
Even if you predict every pump and dump and take advantage of it while trading with low initial capital you won't gain much.

Hundreds of people bought bitcoin when it costed dust yet as soon as their dust multiplied by 2, they passed their dust to someone else. Some didn't even wait to get double and passed their dust for %10-%30 or %50...

Buying something you never heard before and has zero value in 2009 (probably by luck btw) and waiting for 4 years; that's same as buying a lottery ticket for 10 bucks.

If you think you are smart, why haven't you bought DSH or ETH when they costed dust? yea right. You wouldn't fucking knew.

Time of cheap BTC is far gone, just look at the recent infighting, before the price would have suffered great but now no. If BTC reach $10,000 that is just 10X return when compare to over 2000X return some early adopter hit. What I do is to hedge my BTC profit in possible next big thing in Crypto and possibly some of them will hit 100X return in coming years for investors

Bitcoin is a real deal and real thing now which we can see though the price seems to be falling and getting up again. Just think about if you bought one way back on it's days that has cheap price you will surely become an instant millionaire but right now it is still applicable as there are a lot of ways to earn on it, the same principle is applied, just keep on holding.

Really good article, thanks for share it. Make me believe in hold mine for long term without sell out in every peak hike which maybe very cheap in the future of bitcoin world. I like this quote : We can only say that the early believers had it easier and the cost of delaying your entry into Bitcoin will only make it harder for you to become a Bitcoin millionaire. Yes, many people said or will say that it is too late or if I know it in 2009 it should be, and so on. Don't regret what we don't know in the past, but make it today as 1 bitcoin may worth $10,000 or even $1 Million within 35 years. Not an easy task to be patient on those years, it suppose to.

bitcoin is all potential and that potential is growing each day. and that potential means a much higher price in the future.
i never like saying things like "be a millionaire" when it comes to bitcoin but i have to admit that i have made a lot of profit when looking back and it has only been 2 or 3 years since i have started with bitcoin! and that is not even factoring in the profit i have made dumping altcoins to get more bitcoin.

That is the reality of the situation ,people who adapted bitcoin in the beginning made a fortune and it is not possible to make that fortune from this situation,you have to look elsewhere to make that kind of fortune.Even with $10 k your profit is just minimal if you compare with the initial adapters but still it is a huge margin.

Good fortunes those early birds have got, but, it's no use murmuring about the profit we could get nowadays, even if it's just only 10x which is far below what those early birds get but it's still a profit and worth a try.
If you're still expecting that kind of fortune to come up for you, why don't you try those newly developed altcoins then?

And I believe the story will repeat. The big holders will make a nice profit on the future when Bitcoin hits amazing prices. The number of people using Bitcoin at this moment is low, if we discount the greedy and fool people unable to hold Bitcoins, wasting money in ponzies everytime, we will have a restrict group. This group can make wealth only by holding Bitcoin for some years, the riches of future.

They are early birds.Thats why they have reaped such benefits.Since Bitcoin is now known to all,every one is interested to buy bitcoins.It is not the case in early stage of bitcoin.Early investors had kept faith in bitcoins and they had taken risk even its a small amount and thats why they have such huge benefits today.

It is true that if you can see the potential of any cryptocurrency and believe in it then even small amount which you may consider as dead can reap you amazing profit, like what OP has given example when bitcoin value was only in single digit and that time who ever invested atleast 25$ is now a millionaire. So even today their are so many altcoins whose potential are high and in long term you can become rich when their projects are booming it.

Yeah, though it's shooting for the stars if we are to be millinnaires, itnis possible. For me tradingnis the best way to hit that but it will definitely take a lot of time, effort and a bit of luck but definitely you will be earning money. Its nit that bad to aim higher so even though we don't get to be millionnaires in the long run, we eould have earned more money than can considerable make our lives better

There are opportunities accessible to the average person to become a millionaire, other than relying on bitcoin or being a crypto early adopter. There are always lots of opportunities, even if they're not easy to see.

One might say, its good to look at investments outside of bitcoin, sometimes. The future of btc with bitcoin unlimited's hard fork probably means the price of btc won't gain much in the near future.

If bitcoin unlimited died, I could see the price of btc definitely shooting up, though.

They are early birds indeed. The benefit of being updated to such a thing makes them filthy rich at the current day. Bitcoin is just any altcoin here that has been created but the only difference is that bitcoin last longer than any of those coins. And now, it's popularity makes its price go high.

Yup that is the time where Bitcoin is just being introduced into the world. Investing Bitcoin in that time is a crucial situation. You won't even know if it will grow. That's what risk is about. I bet even me that time will have a doubt buying that unknown thing.

There is no reason to envy that guys, because I think they deserved it, they are the one who hold Bitcoin till now and believe in its potential. Without these early birds, Bitcoin will not reach its price today, without these guys bitcoins price will remain low.

looking back when price still @ 400$ and news saying that it will be much bigger in coming years we all witness that reality that's why we still here and continue to work with our investment, as we learn more on possibility inside crypto industry i know by heart that making decent earnings coming from bitcoin holdings will allow us to be more stable in our future.

If that two main rules of bitcoin investing could make a person to be a millionare and are applicable anytime, then people read about that should have been a millionare. I don't think it's that easy and time had passed already, it's now 2017.

yeah, they call everything an article nowadays.   

I have seen forum posts that are more worthy of being called an article.

Investment didn't make us rich it always on the jackpot when i hit the jackpot probably i will beocme rich that fast like in lotto i do risk there everytime i bet and i always keep my numbers always believing that i can really make it. There are good articles from internet nowadays but how if that investment make you poor? Beucase your looking for it possitive side not a negative side.

What I do is ICO flipping, invest in a solid project and flip your profit into another good project, it is easy to achieve 5-10X returns from ICO investment if the project has a solid team

You probably have been in this business for a long time and you know who you can work with and who you can trust to invest and earn well. In my case, it is very difficult even with the signatures of companies to work because of the lack of necessary knowledge.

I disagree personally as people could still buy bitcoin at the moment, the all time high was 1300$ but now we are down to 950-1000$ so anyone in the bitcoin community could actually see the real potentials of BTC and when we are done with the SegWit and BU debate and what to activate etc... I'm pretty sure It will be just a matter of time until we reach the moon.

It is indeed rather gold-digger attitude towards bitcoin success. Bitcoin has seen worst times and negativity, but bitcoin has recovered and rose like phoenix. There are many coins/currencies which failed to make any mark. 

i say there is only one key strategy to becoming a millionaire with bitcoin and that is a very simple one:

step one: buy bitcoin as much as you can.
step two: move these coins to a secure cold storage and make enough proper backups.
step three: close bitcointalk, reddit and any other bitcoin related place where random people can register and anonymously spread bullshit.
step four: your mind is now at peace.
step five: in at least a year check price and thank me.

About your step 3, then where do you suggest OP get news about bitcoin? Google? AFAIK even blog sites can anonymously spread BS. I go to reddit once in a while and then read the comment first just so I know if it's legit or not. And I know that the comments can be faked as well but at what point in life will you create multiple reddit accounts just to post anonymously and then comment on your own post with a different dummy account.

I'd say obvious BS is obvious is all.

I will not suggest once a year of checking the price because a lot of things happen on the Internet. Given that anyone can dump or pump the price of bitcoin, it will be good if you check it every now and then. Like, every weekend when you are bored or have nothing to do. It takes about 30 minutes to check the chart and check the latest news about bitcoin. That's not too much time if you want to be a millionaire, right? :D

Why do you think that will always be so? When bitcoin was worth 1200 people were waiting for what it will cost 1500 and even 2000, and he now is 960. Can still be 50 or even 20. If a person accidentally made a fortune it can also fail. Everything is in the hands of fortune.

Interesting strategy; but buying today about $1000 per coin and after one year if there is a hard fork and a split of the block chain and bitcoin has lost its value or maybe someone is in the wrong side of the chain what will be happen? All about bitcoin's future and price are only rumors and speculation. Everyone has to do his/her own research and decide himself without to be affected by anyone.

Even if we keep on researching about Bitcoin, assuming you are right about it being speculations and rumors, then there is no sense in researching and finding truth about Bitcoin since all you can gather are all rumors (as you are saying) and speculations.


You have doubled the amount of your BTC, but well pricewise it is still dependent on the demand in the market.  If a fork or a split in chain happen and you have access to the private key of your Bitcoin, all your Bitcoin is safe and if you will run your wallet on both  chain, you balance  will appear.  This mean you have the same amount of Bitcoin from before the fork and after the fork but this time they are on both chain.

i think it is more important that  your investment to have good strategy and planning  and good knowledge about trading they you can surely make good profit from trading.

Exactly mate. You could still buy bitcoin now and made profits in the long run. We do not need to emphasize the potential of bitcoin to gain profit, its all over here in our community. If you still haven't seen it then it will be your lost. At the current price of $970 and you buy it then bitcoin price rise at the steady $1100-1300 then you already profit. Only thing with bitcoin is you have to invest in the long term, to fully maximize its potential and your profit. Forgot about the BU vs Core drama, it doesn't matter, bitcoin market price will rise soon and we will see $1500-2000 at the end of the year.

What's been described by op is all about the early adopters. During the early days very few believed such an evolution in technology will profit us. Also at that time the price was quite an affordable one even for a common man who completely depend on day job for all his nees, savings and investment. Now with the current price it's not that easily affordable for common men.

What a retarded title. There are no main rules of investing, you do what you feel and what you want not what people suggest especially ones that have little to no clue.

Right now with the current price, it is tough to put $1000 into a whole bitcoin considering it is not a sure thing, I mean investing in it a while ago was good because it was a new thing and everyone wanted to support it but with time going by I don’t want to be a bad person here but bitcoin is becoming lam aside from the fees.

Bitcoin is not that cheap anymore. You'll need million dollars investment in order to make millions. It is no different with investing in stocks. Luckily there are still cheap altcoins you can invest on and hope that will get pricey in the future. If you put your money on the right altcoin, it will make you millionaire someday.

Have to agree with you there. In the past, I have followed advice from various market researchers and economists. I always ended up in a loss. After that I stopped following their advice, did my own research and took my own decisions. I am able to get an annualized ROI of almost 20% for the past 4-5 years. So here is my advice. Take your own decision, and listen to none.

Well with a price of 26.60 per Bitcoin there is no doubt that you will be tremendously rich with Bitcoin's price right now. But being a millionaire by investing to Bitcoin with its price right now is not that possible, you might want to consider other options besides Bitcoin. Think outside the cryptoworld because there are many stocks right now who have good financial backgrounds and projects that are promising for investors. I don't expect Bitcoin to have an great increase in price compared to what happened in the past years.

Actually, i think he was lucky to buy bitcoins in that year but sadly I didn't know about bitcoins till 2014 and I was 15 at that time and can't purchase even for 200$/btc.
In this world only lucky people get the chance to fulfill their dreams.

Bitcoin updates are very crucial in determ ining what will be the potential events that will hit bitcoin and thus it is also necessary for the holder to watch over the market. Bitcoin is very volatile and saying that you will just check it at the end of the year is a dangerous and risky thing to do. If you will do that you will probably will lost a big amount.

I also think that bitcoin has not yet reached the bottom so now it is too early to tell the acquisition of bitcoins for the purpose of investment. Maybe when bitcoin will be at $ 20 I'll buy myself some coins.

I favor your point to support the idea that whenever we invite someone to bitcoin we have to tell them about the uses and its benefits of bitcoin but there is a bunch of community in our world who have benefit the technology but only if they will earn money from it.

That price range for bitcoin is very impossible to reach because if the price reaches that $20 then it is a sign that bitcoin will die because of its massive dump in the price. I think if the price reaches at least $500 then i will buy bitcoin as much as i can so i can save it and keep it for long term and hopes for another $1200 price again ::).

This is something which I've always said is the problem with people that invest in bitcoin now, they only see it as a trading opportunity as the bitcoin price is very volatile (fluctuates heavily) and they think they should be able to make some money off of it. If people keep thinking this, it's just going to fuck up Bitcoin more and more as it's just going to keep getting more volatile and the people that actually use it are going to suffer.

Plus, this article is just bullshit as the person who invested just got lucky being an early adopter. It's like me saying that you should invest in Apple because I bought the stock when it first started and made a killing, See it doesn't make sense in the least.

GOSH, if you're going to post an article at least make sure it's not going to waste users' time.

This is a very risky thing to do, how if the coin that I bought become worthless, this is just some case that the person invest in right coin then he become a millionaire, we can't predict the future correctly every time, if you got spare money it is good to invest in bitcoin but you need to know the risk when you decided to invest

If you believe in the potential of something and you are convinced that is going to bring you riches, then by all means take the risk. The ones who are making a fortune with bitcoin are those who have been holding theirs for a long time already. I would have made a substantial amount myself if I had just held what I bought for $400 last year. But I was not patient enough and didn't know that we would reach four digits a few month after I sold mine at around $650.

I think the stage we are now in bitcoin live one may not make much money through buy hold but through margin and leverage trading. The price of bitcoin is currently $1030 and I doubt if the price will get to $30,000 in the next ten years. But because skillful margin trader make profit either the price fluctuates up or down.

I don't actually quite sure what are you trying to say. Will you explain it a little more? Well of course there are risks in investment and I agree on that. But when you invest your wealth to lands and real states then you can be rich ( that is when you have a lot of cash). I guess what you're trying to say is the investments online or pyramiding scheme or Ponzi scheme. Of course its a degenerates thing because you always take the capital of other people (that investments can possibly make you poor). Sometimes you just have to gamble if the investment is good but there are a lot of investments that can make you earn, the problem is the amount of cash.
Investing in BTC is not a bad choice too.

I don't know, is it feasible or not. I think there is no short cut way to become wealthy person. Yeah, it can make you solvent if you can maintain yourself properly. Every aspect of life, we need to be patient and enthusiastic, we need to be more passionate then we can make yourself affluent through Bitcoin.
I think it is a good way to become wealthy but not in a day...

There definitely are short cuts to become rich. Ever heard of this thing called the lottery? A lot of people waste money on tickets but some people get lucky and earn a ton of money. Also, a lot of early investors of Bitcoin are super rich now, that is definitely a short cut.

To be a millionaire through bitcoin one needs luck or need to be the early investor. Here the user is an early investor and the value at which he have made the investment is quite low. When it's compared to the present price it's very big now. Right now investing seems risk as the price is high. So price needs to grow higher from the price it's bought which is not sure which makes the millionaire dream more risky, if investment is done now.

I don't think that is a good advice not unless all Bitcoin Investors are expecting Bitcoin's price to grow in 100,000$ value it would not make sense to buy Bitcoin at this price. There is a difference between growing and that one who grew up already. When Bitcoin was price below 100$ or 500$ last year that was your golden opportunity to buy Bitcoin at its growing stage. Right now Bitcoin's price will mature but I don't know when it will stop.

Well ok...

To sum it up:
HODL

I mean nothing new here, btc is meant to be hold for a long time. Persons seeking the quick buy and sell should turn to something else
Altcoins are made for that after all :3

i think this man just want to buy a pizza buy but suddenly bitcoin increase and he think it will increase  again and again if we all new bitcoin increase. and this man can buy a million pizza now . he its a very very lucky man . . . and we all know if you buy bitcoin that much maybe you will ending on the streets  or leaving at the five star hotel. its much good if we are all playing safe. . .

Definitely,bitcoin is not a quick to get rich scheme.It has crossed its initial eight years to reach this stage.Its price increases and decreases with increase and decrease in demand for bitcoins and so it should not be expected that bitcoin price would continuously increase and that too in lightning speed.

How I wish i could be able to make a time travel and buy as many Bitcoin as I can back in the year 2009. I could have been a millionaire today. Anyway, since that can already be impossible all we can do is participate in the coming growth of Bitcoin by buying some in today's rate. We can also do cryptocurrency trading if we are willing to take some risk.

I am the kind of person who does not like to remember the past, if I am late then today is best to invest personal capital into bitcoin, if many bitcoin users are successful since 2012, then it becomes a solid foundation for my success in 2018, It is never too late and the important thing is to choose the right investment, and never give up.

We should focus more on the utility part rather than speculation part because I think bitcoin's core principle is to help everyone to transact across the borders without third party interference and that should be highlighted when we are explaining Bitcoin to someone. I am not saying that speculation is bad (even I do it) but it should be a part of it and not the main point in my honest opinion.

If you become a Millionaire what you are calling before becoming a Millionaire, what are the rules that should be done for the candidates.
What with your bitcoin investment into Millionaire, what if bitcoin price down all that can not be predicted right?

I like the idea, just not the way you advertised it. The way your thread was made seems like a get rich quick scheme especially with the click bait title of "Want to be a Millionaire" It just kinda goes along what Bitcoin is actually meant to be, not a get rich scheme but more of an investment that can be spent or a currency made for the future and provides new technology to us. Good read anyway.

To anyone who is looking for a simple way to make a profit all you need to do is HOLD. Seems like the price of bitcoin will eventually rise and we can ride that way to our millions.

 

,Unlike kristoffer, most of us here are already late adopters. If only i knew it earlier why wouldn't I invest for it right? But we can't keep living in the old times and still dwelling up on those old days. Right now it might not that as low as kristoffer's first investment but still we can buy some for our investment, if only we have the money and courage to engage risky investments.

Almost all users of bitcoin see it as an investment. This situation is not going to last forever and without that bitcoin became a currency and could create a real economy I do not see prospects. The best way to do this might be trade, but there are no prospects for the development of this application of bitcoin.

We can earn a lot in trading if we have the skills,same with investing if we know how to choose a potential successful ICO, the main two things to consider for me is the goal of the project for if still applicable for long term or in future next is the team does they cooperate and does have escrows.

Hahaha :D maybe the person behind that question is making His/Her own rules of how to become a milllionaire, though it sounds hyping others here. But this is just my opinion only, to become a millionaire it needs a lot of time and effort which means it takes process no shortcut instead need to exert effort, if you want it to be like that. But like what others said here to buy a huge of bitcoin or any altcoin that legit then hold it in a long terms.

I totally agree with you.Because if we all want such an easy money then one thing is expected and this is the failure of bitcoin system...

Anyway. It won't cause a lot trouble in the long-term but that's what is the freedom of bitcoin's about. From the individual perspective. Any person is free to do whatever they feel to achieve wealth or any form handle their business. Bitcoin is fully potential to support an individual to achieve that.

At this rate, you can't blame people if they see bitcoin as a good form of investment because it is a good investment. It would be more attravtive to other people to tell them of success stories of people who trusted btc before. It can make someone rich.

Its a good form of investment specially if you are in for a long run and it can make you rich in due time. But for those who are thinking that bitcoin is a quick rich scheme. It is not and I think its not the failure of the bitcoin system, but the person itself. There are no quick rich scheme, we all know that and bitcoin cannot offer that to you. But want bitcoin can give is that a perfect opportunity for someone to get tons of money if he has investment in it for longer term. Like stocks or mutual funds or any other investment instrument. I'm even holding for a stock for more than 10 years now but the dividend is not closer to what bitcoin can give me in I bought it earlier as well. Don't blame the system. But blame people for their greediness thinking that it is a quick rich scheme.

I won't say this situation is the failure of bitcoin system, it just people who thinking to make profits through trading and it's not bad at all. I consider most people treat bitcoin as a trading object right now, and it's just one step of bitcoin development.
Because there are many people in several places such as in Japan or Netherland which use bitcoin as a currency to sell and buy in daily basis. All we need is scale solution to be implemented and bitcoin could afford so much transactions in every second with faster confirmation time and low fees, and you will see bitcoin being used as a payment method, as a currency.

Everybody yearning to become a millionaire but its not easy to achieved your ambitions in life, Discipline, hard work and passion are the essential elements to become successful. If we rely our self through crytocurrency perhaps there's a chance to overcome our desire. Lets be consistent in digging on it because the time come's we will be glad and enjoy earning it.

Well that was right. I don't like the idea of this kind of advertisement also, just to make people convinced, but clearly speaking it is just in your own decision and your own hard work that will pay off. Work hard and you will surely know what will be the price of your effort. Those people that became rich because of bitcoin are just merely for inspiration, you don't need to be like them, do not copy them you can't be them, just make your own move for your own goodness.

I can tell you the two main rules of investing in Bitcoin:

1. Buy low - sure, you can buy anytime, but if you buy low you are going to make a lot more in the long run. You can make double the Bitcoins... this will multiple A LOT in the distant future.

2. HODL - (fin fact, the term HODL was invented on this forum), it means HOLD. Do not sell your Bitcoin for anything. Just hold and use it until it is worth $1,000,000.

In investing it would take some patience to follow the success of Kristoffer Koch, many analysts argue that bitcoin is worth $ 1 million because bitcoin is a phenomenal discovery, I'm sure that the future of bitcoin will continue to improve so it's worth it for us to make long-term investments.

Holding and act bitcoin as investment is good option to make wealth. Bitcoin growth year by year is really amazing, and for some people they make bitcoin as their invesment instrument. I am believe there is no instant profits

but you need to have the patience to wait for the price increase and don't panic when the price is down because what I see in out there, many people become panic because they are seeing the price is down too deep and makes them sell their bitcoin too fast. and if we choose bitcoin as our investment, we need to have strong hands to hold our bitcoin so we can sell the bitcoin at the right time which is when the price increase higher.

People think bitcoin can make them rich quickly. Thats so wrong.
So first rule is dont overestimate and dream about being rich fast
Second rule is have investment strategy like securities investment

And the big test is coming because the price drops back below $ 10k, if we are patient then we will be the winner and can get the price at least $ 50k at the end of this year, be patient as soon price will skyrocket.

It's exactly this attitude to consider Bitcoin a get-rich-quick scheme which is twisting the original idea of Satoshi totally. Nobody anymore wants to acquire Bitcoins to use them, everybody wants them just because they might become rich by having them. It's slightly perverse IMHO.

I think most of the crypto enthusiasts would have liked to invest 50$ in BTC in its early stages, or mine with their computer. But who knows what will the next btc be

and we can only prepare for the worst thing if the price still down below $10k but besides that, we can buy another bitcoin again in that level of the price and I am sure that when the price increase back, we can make a lot of profit. and I agree with you that we should have the patience to wait the price is up again because this situation is unpredicted and the price could change in any second so we need to prepare our self.

Life isn’t a passive activity. Investing shouldn’t be either. we are sometimes dissapointed about life - with all its lifts and downs. Those who are rich invested once very successfully, it doesn't mean they have never lost in their life. You just have to be prepared.

Well, I don't think one can make such huge profit from bitcoin any longer except you have to invest huge capital but I strongly believe that if one should conduct a very good research on some altcoins with high profit potential one can still make it big.

There are number of people who are planning of investing their money into bitcoin but the thing is there are certain things which you need to keep in your mind before making any kind of investment especially when it comes to that of investing your money into bitcoin. You need to be sure that you have this much of information and knowledge about the things that you will be able to perform better or not. Moreover, control over your emotions also carries a significant importance.

True. If you look at the life of a real millionaire, the guy, who earned his money himself, you would not envy him. Most of these people have to work at least (!) 18 hours a day. It is extremely difficult.

i think theres no one says "get rich quick with bitcoin " since according to the news koch bought the coin in 2009 and the news comes out at 2015 meaning it took him 6 years before tasting the goodness of his investment..and about what OPs title want to be a millionaire .mentioning no specific time,if you invested in bitcoin it will be depending when would the price grow for your target profit

Absolutely! All of us want to succeed in life, however success will not happen overnight. But we can do something and make it possible. It's a good news that bitcoin has come in the global market. It is a gateway that creates prosperity and brings wealth. Success is a combination of persistency and posing the right attitude, beat negativity and embrace failure. The best way to invest is to buy and hold. This is a great challenge and risky not only for Bitcoin but it applies to all in holding an asset. Bitcoin is volatile and with this reality you could make or lose money along the way if you invest today. It,s about taking risk while keeping it safe.

The whole point of Bitcoin is not to get rich, but to create new social systems that are more equitable for everyone.