Bitcoin Forum

Easy plan to save millions by 2020

https://healthybillionaire.wordpress.com/

Well, I really like this rationale. I think this is a very simple idea that could make us make money the easy way. but I think it would be very difficult to keep bitcoin in a long time

Read the article and the math too, and appreciate it.
Was good but it's all speculation, and might not turn out into reality.

i have done step 1 over than 20 years but i'm became fat because eating too much rice ;D ;D ;D
however step 2 and step 3 are pure of speculate i guess because calculate bitcoin prices is not so simple such as that

$17 a week for food? Are you fucking high?

No just starving  :P

So, what good is money after your dead from starvation?

Greed will kill you, just stop.

Thats a nice article but by going with today's figures then thats assuming that your going to own 40 more bitcoins (with a cost of around $600 per) and then in 2020 they are going to shoot up in price to $80000 each. Seems a bit of a long shot to me.

How long will you wait. Too greed will make you to lose one day. The first one is acceptable always, gain and earn the profit. Don't waste your money by making riskier investments.

Yes if you are making good profits with current price then you should not wait longer, instead you should sell your coins and secure profits as no one can be sure what will be price in coming days.

This is why you should only invest money what you can afford to lose.Because there's no guarantee that Bitcoin will go up or hit the mainstream.But without risk there's no reward. So find a balance and leave out the greed!

Do this every halving,or every 4 years..
save ,wait and profit, i removed invest cause theres a possiblity that you might get scammed.

thats maybe nice advice for get big profit, but just remember dont invest more btc when its near halving like 2013 ago, when btc price reached $1200 and then dropped until $300

The thing is the halving didn't occur in 2013. It was all investments by investors (and some manipulation by bots on Mt.Gox) that ended up forcing the value higher than it should have been, creating a bubble, and then once Bitcoin hits its ATH Mt.Gox shut down, taking a majority of the money deposited along with it, and wrecked a lot of the value Bitcoin had. If Bitcoin had not had to deal with the Mt.Gox collapse, I think it is more than likely that we wouldn't just be getting back to $700, and we would likely be hovering around $1,000 right now.

Im hoping that this time the price we reach after the halfing will be a  real market price and   not just manipulatio.   If so bitcoin will be stronger than ever after all is said and done.  If we get a  stable 1k  then the only way is up.

first of all price went to a little lower than $1200 and fell to $170 after that but you are forgetting that it started a lot lower than the bottom and rose to the ATH so this time even if there is a bubble and a fall after, the fall will only be to 500-600 not any lower.

Well, invest could mean invest your fiat savings in Bitcoin.
You do it right and you can avoid getting scammed.

I agree, I think a 5 year timespan of making an analyzation of almost 100x higher than the current price is not possible. We need more time, demand and exposure for that to happen.

you have to think more realistically.
100x the current price means 65000 $ which is not even possible to reach for bitcoin even if there is enough exposure and adoption in many years in the future. this will not happen.

bean and rice they say, stupid diet ever(no b12 no omega 3 etc..), i can do it with $25, by eating a much more healthy combination, like fruit and eggs, which provide everything for the body

Yeah saying that I'm probably more like 17  dollars a  day lol.   But this is speculation thread so anything goes.  There is a  chance we can get such a massive  rise in bitcoin by 2020.  Its just an extremely small chance.  But still probably better than spending that money on lottery tickets every week.   

time will passed and bitcoin will be more recognized but with the calculation that you did I don't think that it can happen as we know that some media already attacking bitcoin and making it bad reputation linking bitcoin to drugs or any criminality from the web so I don't think bitcoin can be that big. but good share OP no offense.

Depends on where you live. During my college days when I'm in badly need of money I can budget less than $20 USD per week.

But yeah there's no point of doing this anyway. By 2020, you'd be a vegetable.

Honestly its a high amount if you are use 20$ weekly honestly i can only budget in week is %4 to %10 because i can eat free when i go in my friends how to ear for free so its budget and i can save more moeny or to buy for bitcoin.. so that i can make more profit..

Nice article, but I think people are earning hard for their food, they cut from other expenditures and fulfill their food needs, we should have to increase our income for that savings.

Given the number of people I see purchasing prepared foods that are overweight and complaining about life being rough are not living smartly.  They are living gluttonously, a deadly sin by any book.  The only thing someone deserves after a long day is subsistence and peaceful sleep.

That is true. A dollar a day is actually sufficient for food in some developing countries.
Below that is what the government classifies as being 'poor'

I think you should only invest just a little with bitcoin so it will not bring you a big impact if ever the bitcoin price will not go up and becomes lower than what you are expecting . We cant be sure about that because we oftenly seen it going down like what other people saying there are no guarantee that bitcoin price will go very high .

The amount of money to invest is relative to your experience in trading or stock investments, the confidence to invest a high amount and remain making right decisions until you take profit comes from the experience.

All profits in stocks, trading, or any other active investment must be denominated in a base currency.  I'd rather just hold the currency of the Internet Bitcoin and add to my bag each week by being smart with the food I eat.

well i guess you are right that it is better to just hold your bitcoins and thats it because in this way you will definitely not lose everything and you might even make money

i would definitely not invest my bitcoins into anything because all the investment options with it are really risky in my opinion and it is definitely not worth doing that i think

I also think that the trading or investment may be great potential for generating bitcoin, however, it is quite risky, and probably the best thing you can do to make a profit is by holding your bitcoin and waiting for profits.

Who can be sure that bitcoins may still exist till 2020? Also, the price 2 years ago was $1300 and now it's half the amount and hence the price also depends if you save your bitcoins. By 2020, we may reach $1300 or $300 and hence even though bitcoin's supply is limited, there is no surety that it is a good investment. If the price was less like $10-$100, we could consider saving bitcoins.

This is true but the market price back in 2013 was pure market manipulation by the wille bot. If this year /halving its real investors and not manipulation then the price should be far easier to Maintain.

Bitcoins if bought at a lower/minimum rate can definitely be profitable as it has the potential to rise to above $1.5k but the issue is holding it for so long while it isn't even considered a legal currency anywhere and has no definite future. How much time would you consider holding 1-2 BTC? I think 1 year is max and not 4-5 years.

This strategy is easy to make use of but the thing with Bitcoin is, is that you will have to wait a long time to make money. Some people just do not have the patient to wait a long time and want to make fast money.
That is the thing with Bitcoin you will have to wait but if it is going to pay off is still the question. 

If you want to earn good profits from bitcoin then you need to hold it for at least next 2 to 3 years, as price would be surely in 4 digits by then, not possible to predict the exact price.

It's the right way to earn with bitcoins but the amount you save also depends. It should be an amount you can afford to invest and not beyond your budget. $17 isn't an amount you can pay for a healthy diet. I myself spend about $6-$7 per day if I have home food else $10-$15 if we eat in restaurants.

It amounts to $50-$60 per week and $200 per month which crosses the budget they actually calculated. Also, coinbase doesn't allow me to buy bitcoins. The calculation is completely wrong.

I mean very nice the saving part and automatic bitcoin rebuy. But this article assumes that BTC value will grow constantly which does not happpen as showed.
I could live on beans, rice and cereals but I think $20 a week is not enough.

Very long journey for bitcoin that we can sure if it will increase in that year.. and i think its better to invest and start your own business instead that you know that you can make a profit even in the future..

I like that saving part but investing is quite tricky and you have to look and understand all possible outcomes from your investment in future. And also have to be careful about not investing in high risky projects or products getting lured with possible quick high return for example investing in HYIP is just foolish decision.

3 year more than now, it's still complicated to say by holding some bitcoin would make you millionaire in the future. we must think the price of bitcoin will not goes higher than before bitcoin has reach.

wow a good job for you buddy removing vices would be a good decision to save money, investing it to something that will benefits you in the long run like bitcoin will profits you just needed to wait an see the results. good luck to you and keep it up mate.

Sounds like a plan to me. I think that there is really no point in measuring your wealth in USD anymore though, because who knows where USD is going to crash to by 2020.

Still, always good to invest & save. Better than letting your money lie around and do nothing.

I think that at the moment it is best to save them because the halving is coming pretty soon now, after the halving I am going to decide what to do next.
It does not really matter to me what will happen, if the price is dropping then I am going to buy more coins.

You need to buy then hold on or save them then you should sell when the price is high so that you can make a profit.
That is how you should do it because gambling and stuff that is not going to make money for you.

This. There is no fucking way I can live off $17/week for food... do you live in Bangladesh or something?

$17 is what I spent for lunch today

Exactly gambling will never benefit you in long run, the best thing is to invest and hold it for the future to earn higher profits.