Bitcoin Forum

We have all seen those Rags to Riches stories where a guy or girl invested X amount when the price was low and then Bitcoin went up with 1800% and he or she became a Millionaire. Erik Finman was gifted $1000 and he invested that into Crypto currencies and quickly turned that into $100 000. It did not stop there, he went on to become a Millionaire!

How many other Erik Finman investors are out there now? The person who recognised this opportunity to buy low and who will turn that $1000 investment into a $1 000 000 investment?

You achieve success in life, when you push the boundaries and when you take the risks. The armchair investor will find excuses not to invest, but the risk taker will grab the opportunity. Some of the most successful people out there will tell you that they took a risk, when other people ran away.

I personally know someone who opened a restaurant in a time when there were lots of political uncertainty in my country. All the other people said he was crazy, and some even closed their restaurants. Today this guy has a chain of restaurants and he is a multi-millionaire. 

I am not saying all risk lead to success, but taking calculated risks, might just give you the edge over other people. I hope we will see a lot more success stories in the near future, but for that to happen, people like Erik Finman must take that first step into the unknown.

*Please be responsible, do not take risk with debt. Let's make Millionaires with out heads and not our Hearts!

Happy Valentine's Day!

I believe the next cryptocurrency millionaires will come from the altcoin holders. Think about it. A greater part of this forum cannot afford 1 Bitcoin, and even if they can, Bitcoin would have to reach $1m per coin.

It's close to impossible. But if I am wrong, I will run around naked. Hahaha.

yes, he succeeds, because the advantages take his side. and I am today it is time to buy and we will become a milionaire too when bitcoin reaches $ 50000 in the middle of the year.

I know that the crypto world has a big risk, but I do not care, and I have plans to buy more bitcoin again. 1 or 2 BTC.

my mind is just for a big profit not for risk.

A lot of people start small. Everyone cannot be Dollar millionaires, but a Indian guy can buy some bitcoins with his Rupee and become a millionaire in his local currency. The say it takes money to make money, so you have to start small. You buy a little bit of bitcoins when the price was low and you sell it when the price increase. You repeat this process over and over until your 1000 Indian Rupees turns into 100 000 Indian Rupees and then later into 1 000 000 Indian Rupees.

Erik Finman started with $1000 and turned that into $100 000 and it grew from there. He did not go from $1000 to $1 000 000 in one year. ^smile^ <He also invested in other Alt coins, not just Bitcoin>

Crypto currency investments be like gambling take risks if you want the big profits. ;D

But not all people can become millionaire because one's profit in crypto currency is actually the loss of another person's investments.But it is the time if you want to take risk the price of bitcoin and the crypto currency are stabilized little and I hope the price will start to increase from now on since the stock market started to rise.So just go ahead and buy some crypto currencies then you can be amillionaire on someday.

Yes, I totally agree with you. My friend, in September, he asked me to invest in altcoins, and I thought he was crazy. All the COINS were tumbling, and I think all the cryptographic currencies would go extinct. I turned him down, and I invested my money in financial stability. Now my friend's asset X10. I regret not having made the same decision. Now that bitcoin has dropped from $20, 000 to $8, 000, I choose to buy bitcoin, which I think is a good opportunity.

Yup currently BTC price is low and its good time to invest in BTC,suppose if BTC reach near $30k then think that where you will stand at that time.People who invested in BTC when its price was just $200-$800,imagine how much rich they would be when BTC reached to top height $19785.Due to some rumors in media,BTC price is down,which is a good gesture that after some time when new investors come in,its price would again surge.Its being speculated that BTC might reach to $50k in 2018,so make your calculations and invest in BTC if you wanna become millionaire.

Very well said. And as an add-on, I can say that if things do not happen after the first, second or third attempt with measured risk, it doesnt means they will not become at the fourth attempt.

I'm almost convinced that your acquaintance who has opened a restaurant and is now a millionaire had previously had at least a few failed projects.

Good luck to everyone!

It'll be hard to see bitcoin realizing that sort of gains once again.

But again, who expected 2017's pump to happen? From $1k to $20k, that is not too shabby at all. You could have invested just 50k to become a millionaire a year ago, and that was a great opportunity for sure.

I see bitcoin as more of a way to retain your wealth vs. time, instead of a get rich quick sort of thing.

But cryptos is going to be huge in the future, when it'll really take off we don't know. All I know is that until it's accepted in every restaurant and every shop, there is still potential for betterment.

The bolded part is extremely important. Never invest with the money that's not yours. I've seen way too many people lose their life savings and then start blaming BTC because they took a loan to invest in BTC.

the millionaires would come alone if if bitcoin were able to pay far above the current price or for example $ 1 million dollars percoin this bitcoin can accommodate all visitors who come. and pay all the proceeds of this sale ..for the next very many millionaires are popping up ... this actually depends on the price ..

yes its time to make some millionaires again because bitcoin is now increasing and recovering so many investors buyers and holders are become a millionair.

This is a nice risk you have taken, and this risk will bring massive profit and can even turn you to a millionaire. Imagine you bought at price $8000 now bitcoin is close to $10000 now. Just some weeks you made $2000. Wow! I did likewise I bought at the rate when it went down to $7000 and massive profit for me now. I even also bought some altercoin which am holding for now. This can make you a millionaire once. Crypto world is the best investment to make.

Thanks! I agree risks should be calculated, on that guy's example who invested $1000 in BTC and became millionaire, he didn't risk himself too much. $1000 was just a gift he received from his grandmother, an extra money very well used. He could have bought a toy, a game, clothes... But he was smarter than that, by knowing how innovative Bitcoin was, he believed on the idea and invested on that, in the end achieved the success.

And those who don't have spare money at their disposal, things can be more difficult and higher risks may be necessary to be taken, but if they manage their budget well, they can have good chances to grow their patrimony with calculated risks, without the need to stay in debt with acquaintances, relatives or banks.

Only those people who love fiat so much and are afraid to take risks tend to miss out on once in a lifetime opportunities like this. People who are brave enough to try something out of the norms are usually the ones ending up successful, like these millionaires who believed bitcoin is the real deal. Also, being a risk taker isn't enough to be successful; having the wits to complement it greatly helps. These people didn't blindly invested in crypto for sure but have researched thoroughly about it before making the purchase.

It's cool to know that many people are still in the bitcoin train despite the many massive shaekouts that happened in the past months. Let's all make that million boys.

There is definitely space in crypto to keep producing millionaires :) just luck, knowledge and a lot of patience is needed. Anyway I encourage everyone that now is a good time to invest in crypto as it should be growing from now on for some time

Markets reversing and BTC to 10K again. With CNY almost over, volumes should go back and we will be back to all-time high levels again.

Those type of rags to riches stories are over for bitcoin.

If you invested $1,000 in bitcoin at $1 per coin, when the exchange rate hit $1,000 per coin you’re a millionaire.

If you invested $1,000 in bitcoin at $8,000 per coin, when the exchange rate hits $8,000,000 per coin you’re a millionaire. That’s a lot of really good news and adoption happening for a very long time.

Unfortunately, Bitcoins day for making instant millionaires is over. The focus should change to what bitcoin can do for society. Using bitcoin for purchases instead of hoarding is best at this point.

It's not unfortunately. Bitcoin not being able to make someone a millionaire 'overnight' indicates how much it has grown throughout the years, and that's fantastic to see. My lowest ever entry point was below $200 back in 2015, and never have I thought about how Bitcoin would make me a millionaire. I have always considered Bitcoin to be the change that I need to obtain financial freedom, and be able to move value from one place to another without central permission, and that's still the case right now. From there it actually makes sense to hoard Bitcoin, but a balance between hoarding and spending would make things even better. On the other hand, people don't like spending something that can double in value a month or so later.