Bitcoin Forum

Cryptocurrency is becoming more of a trend, almost everyone has heard about someone whose life changed for the better because of cryptocurrency, because of these shinning prospects,  many more are latching in to get the gains without first seeking to get the knowledge.

So Mr Z got rich from owning crypto?  that's what many heard, so many already feel rich because they have one small fraction of a crypto. What many many need to know is that,

(a) Having a small fraction of any crypto might not get you rich, to see real gains, try to procure "One" or more.

(b) Most times, only the rich can get richer from trading. Sounds very controversial, but think of this, if two friends follow a signal and enter a trade, one with $50 and the other with $500. If everything works out well, both will be in gains, but the profit margin of both individuals will be different. This Illustration further supports the claim that only the rich can get richer from trading.

(C) Hodling a cryptocurrency with no definite plans in mind might not make you rich. You might just have your initial capital dancing around a range of figures.

In which.. applies to pretty much almost everything. A richer person can make more money in business because he/she can take more risks and have more money to grow the business.

With trading though, having more money can make you more money, but can also make you lose more money. As long as a person actually knows how to trade well, that person could be "rich", even if he/she starts with a very low amount.

In addition to what Mk4 said, lets not forget it takes courage to be willing to risk the funds you currently have when trading. We have users that have more than the funds you used in your example and yet they leave it lying in the bank or some "safe investment" as that's why they're been told or feel. A popular example is gold, steadily it's becoming a boring investment but yet we still have those that'll choice it over more profitable investment like Bitcoin.

For the last years bitcoin has always outperformed every other asset class and yet we still have people that downplay it as not a safe investment. You funds are more safe in bitcoin than any other assets out there. That been said you should understand that it isn't just about the money you have but how you utilized it to create more that's all that matters.

We can also understand that Rome wasn't built in one day and a day started a story. The big and rich people today, most weren't born with silver spoon. They mainly started building gradually, therefore, the lesson of starting small.

One thing that we need to know about making it by gradual process is that we have to be courageous enough not to be greedy because anytime we get greedy to take bigger risk or unnecessary risk that we can carry, any fall in that means coming back down which isn't a good story always. So we can be rich also if we take the right gradual steps.


I don't agree totally to this. I can agree that with good plan, waiting and luck, a good project can build your few coins into wealth. We see bitcoin, ethereum, bnb and many other high priced altcoins or currently dogecoin ( ;D). Just 10 btc is how much  ??? ;D :o

without plan? Is having crypto not from the plan?
the plan is diverse buddy.
but honestly, I am very happy with the conditions in which crypto is already known by everyone. not only rich people, even simple people already know what crypto is. and they try to try their luck by gathering determination and capital as they are. it is evident from the people around me. they feel this is a way to contribute to the growth of digital assets.
that's the most important point, where people no longer think crypto is only for the rich. because in crypto, anyone can have the freedom to be in control.

I'm guessing what OP meant is holding cryptocurrencies without knowing what you're actually holding, and when to get out and take profit on temporary, short/mid/long-term trades. Because obviously, not every single cryptocurrency is going to survive the long-term.

The "small" already explains that you will not get rich with it. Also, i don't know why you said "or more" as it also lies on having small fractions of many cryptos. Hence, I prefer the suggestion of "holding 2-3 coins" and use your whole capital on those coins to see your gains. Which then would rely also in how much capital you started. Small capital, small earn. Huge capital, huge earn. UNLESS, you use leverage in trading. Which can make your 1USD to 50USD in just days of proper positioning and maximum leverages.

Yes, this point is applicable for both real and virtual life. Rich men goes to richest and poor goes to more poor. :)
This actually happen in trading when the lower capital trader expect bigger than what actually he should according to his capital. But the man who has a big capital his expectation is not too big according to the capital. Because when a trader with 500$ get profit 50$/10% is good for him. But if the trader with 50$ want to earn about 50$ more then he have to gain 100%. Most of case this could not happen lower capital trader lose all the fund slowly.

This has become a trend every four years or every post Bitcoin halving year. We saw that in 2017. We see it now in 2021, and speculatively we shall see it again in 2025. My question has always been, "Why do people have to wait to chase price?"


Well, that will depend on what token/coin one is hodling its fraction. Hodling a fraction of YFI or BTC is still something substantial in value. Notably, hodling tokens with less price value won't amount to anything unlike hodling the above two I mentioned, quite alright.

Your analysis is spot on!

However, investing bits of cash most times isn't as a result of no capital for the investor. It could either be as a result of skepticism or fear of losing. Those who invest heavily are the risk takers, not necessarily the rich.

This is Hundred percent true that this Crypto currency changed many peoples life, now they are Millioner. Also many people still continue Earning very good amount from crypto.
I see that my friend make $33k usd in just one month from his Investment. It is too much money,  now his life has totally changed.        

Crypto is rising trend cause all have option to earn money and change their life. Just a bit of research and being smart about investment can make you a good amount of money. There is also the other side since someone is losing too and those are usually people who follow hype and others.

Not only in trading but even in all aspects of business, rich people have higher opportunities to maximize their profits and make them even richer. The same thing applies in trading. But the only advantage in trading is if you know how to manage your coins and can do trading well, you can still generate good profits and makes them bigger if you apply your skills and strategies in trading without having fear of losing that may happen anytime.

Crypto currency is still underrated and this is just a beginning of trend. That day will be a success when every people from all over the world know about bitcoin like there own fiat currency. Every people's phone will have a bitcoin wallet. It will happen and we will do it. Like my friends those are didn't know what is bitcoin. When they listen bitcoin name for the first time from me they asked me is this a English movie. Then i laugh and explain them about bitcoin about satoshi nakamoto. Then they laugh but after 3 years when they saw my success here now they also comes into this platform and they always ask to know some features and if i know about that theb i explain or we will find about that together. And now we have almost 20 members team in my village. That is trend for ny village and for our teen too.

Yeah, those were cheap before.

But because of the trend that it had got and the value of it seems to be unstoppable in rise, keep yourself to be determined by owning even if with a small fraction for a start.

Remember that this is a way of looking at the Crypto market, it is not that everything is like that, if you think about any person who buys something from Crypto as an Altcoin it can give benefits over time, when it has had corresponding maturity and according to The stage of the market in which it is, the ideal is that it is in the accumulation stage so that when the benefits occur it will be in full bullish trend stage at its maximum point, this is determined by Bitcoin.

I think that now the important thing is, that all this is directed in the direction of investment, it is very different from trading or market speculation.Everything changes if you are going to trade or speculate in the market because you must go in the direction that has the least resistance, taking advantage of these movements is that you can win.

a. They should really be thinking off this way and wont really be expecting that much that they could be rich once they had made out some engagement.

b. This is the reality since rich people does have always the advantage when it comes to finances then its normal that they would be making more that into those average joes

c. Even to those knowledgeable ones, the odds on making yourself rich in just holding is still the same.So i can still make a shot on this one.

I do agree that it is a new trend. I mean crypto has been around for a while, and I have been here for nearly 8 years now, and I still count it as new to other people. In 2017 we have seen the whole world hearing about it for the first time, before that there were a few of us but not like 2017, it was literally on every TV channel during that period and that was the moment it break into the mainstream media so that was a huge one.

After that this last year when everyone was sitting at home bitcoin was doing records after records which created a huge deal and that is what I think is the real thing, it put on top of that 2017 because in 2017 everyone "heard" about it but this year many of them actually got into it. This is why I think it is a rising trend, yes everyone knows about it but more and more people are getting into it as well.

A trend that everyone should watch closely because it changes from time to time, and I have to agree that this bull market attracts many fresh money, and that makes it more valuable. This rising trend is the result of a good services being offered by cryptomarket and I have to admit as well, that the hype of some tokens also attract newbies to start to learn about cryptocurrency, the mass adoption is happening now I believe and that’s good for the whole cryptomarket.

Anyway, you’ll not get rich by just owning a crypto you still need to work on it and achieve that goals through your crypto decisions, so don’t expect to get rich easily.

It's hard to start at small capital these days, what's important if you're going to enter while price was too high don't just dump it too quick. Much better if have a contingency plan above all, long term goals should be set according to trend of what asset  you're still holding. Because if we just ignore different possibilities, nothing will happen on your finances but still not gaining a sustainable profit.

Yeah, in trading, most people there or those OGs in trading are started with a very small amount of money and they started to grow and multiply their initial trading capital.
Even how big or small your starting capital in trading, it doesn't matter. As long as you are a responsible trader, you can make your small trading capital larger.

Like 2017 Bullrun, almost everyone is talking about crypto in a positive and full of hopes but as the market starts crashing, they'll be changing their minds and even think about the end of crypto. That particular scenario is also happening this time, more and more people had come in a positive way, thinking for easy money, and even without knowing about crypto, they just like jumping into the boat without a single knowledge of what they gonna do inside.

People are in FOMO and it was not a good idea. They are entering the market in hypes which is absolutely not the best time but that is their choice. I'll be expecting these people the first to step out once the market turns to bearish season.

When you are completely noob into this market and you have seen someone purchased out a new car or a new house because of cryptocurrency investment profits then you would really be having those initial thoughts that you might really make yourself into the same situation if you do tend to engage or deal with crypto and in result you would be hurrying up and tend to invest without any ideas on what you are currently doing.

Until the time comes that you had experienced losses and thats the time you do say that this market is a scam and make out self realizations that this isnt something easy to be attain.

Those people you have seen that succeeded into this market are the ones who had risk out their money to make investment and of course it is bit needing some sort of gamble when you do deal up something into this space.

Cryptocurrency is really indeed a fast rising trend, not only do talks about investment or profitability matters but also into the means of its actual usage and relevance when it comes
to payment system which is totally different into those traditional ways that we know.

those people who come into this crypto market without or very little knowledge usually are those that will end up hating or cursing crypto once they lost in trading. they have high expectations to begin with and thinking that this market is a get-rich-quick market. but once they are in, they will realised that there's more than meets the eyes here.
it is not easy to gain in trading if you have no knowledge about how it works.

It's been proven before, those who quickly jump when crypto pump last 2017 are the people who hated this venue of investment a lot, suffering from a heavy losses, they start to blame the market.

Most of them are being allured by the quick pump, thinking that they'll also catch it up and runaway with sweet profits, only to realized that it's the other way around.

Sad but there are so many cases like this and for sure it might happen again with this current bull season.

Learn the basic then keeps on enhancing your knowledge, you have a muc better tedge if you learn more deeper.

yes it's there choice and perhaps they know how risk it's to enter late in the market, especially when there's a bumped of price already, but we should understand whats their decision because of course there's a big reason for it. i know  usually they're just want a quick profits from that trend, its very obvious actually because of being late comers.

nothing beats having more and enough capital either to trade or invest. but this is soley base on your knowledge if you will make good profit or not which is what is important. for trading is majorly on your skils and knowledge, for investing its based on research. you can be a good trader and now a good investor.

33k USD is a lot of money to be honest especially in my country. That money could help you retire in your 30s and enjoy your life. I love that bitcoin is finally getting the attention that it deserves in the past 10 years, and I think that the prices from this point on is only going up with the continuous trend.

^ I don’t think it is a good idea to invalidate the people who feel and enjoys their success even when it is just a small fraction. Bigger things start at small, we all know that. It is really irrational to compare the beginners and small-time holders to whales and rich people. They all have different phases and rich people started really small, as well and that is for sure. If the person only has $50 spare, then let him go in and earn from it. He does not need to wait until he gets fund and invest it. He has to start right away and learn from his mistake slowly and that would benefit him in the long term. I guess we all have the same approach anyway. It works for me and anybody else here.

I would like to hear someday here in my local community that one got rich from cryptos and I would be hella surprised. There are still number of people shrugging off crypto and one wouldn't know that it would be the most convenient investment in their part during this pandemic.

It is almost like winning in a lottery for me actually. :D

I absolutely agree with everything you wrote. It's just the absolute truth. People start using cryptocurrencies based on the testimony of someone who bought when the price was really low and sold when at a higher price to make profit and they think it's just a matter of buying low and selling high. They don't even understand how that works in itself.
You should, however, know that just like with cryptocurrencies, it is the same with every form of business. The rich would make more money because they can afford to buy more units of the same goods and can take more risks. That's not just some cryptocurrency thing. It's the same everywhere.

I agree that making a profit of $ 33k from investing in cryptocurrency is a very good achievement. If I worked in the real world, $ 33k would
take 2-3 years to earn. This is what makes cryptocurrency even more popular, because it can make huge profits and has succeeded in making
some people rich. Moreover, the performance of cryptocurrency this year has been extraordinary, almost all coins have increased very drastically.

Would really be giving out that kind of opportunity on making money that would surpass any traditional ways on earning income but somehow it does involved with some investment for you to take in.

This isn't something that you can get rich instantly and just like on having an ordinary business then you would need to work hard for it unless if you decided to hold something

then its upto your choice but that wont be guaranteeing for you to succeed.Its a little bit needing of some luck when dealing with crypto because not all would really be expectedly to rise up.

It is to find that more rich and influential people are not engaging in crypto. I don't know if they will consider this risky but these kinds of people can really afford to lose their money so it wasn't a big deal for them. But I don't think that will be in their mind, they might be thinking the positive and making this market another source of their wealth.

Those people who focus their investment inside this market and really pay attention using their time and knowledge,

they are now harvesting the success, there are lots of people who really enjoyed the benefits after knowing this venue

of investment, it's very possible to earn decently from this field, either you go for long or you do day trading, there's always

good opportunities.

every rich person has their own thoughts and not all are involved in crypto. I think they still use market laws for those who do business in crypto. With the large amount of capital they have, it will certainly be easier to move the market, and there will be fomo with widespread news. After Fomo happened they easily made a profit

I cannot deny that most of the community who entered to this field of business industry became successful, but remember not all people who came here too become successful in the end. Therefore, there is still engaged with risk once you decide to find out your journey here. It is still need to careful and wise in terms of choosing coins you like to invest or trade it in the exchange. Up

I sort of agree with you. Because I am also holding bitcoin without any definite plans because I am believing into the future of bitcoin and I'm not finding time to make a plan for my bitcoin holding. Probably I'm not doing the right thing because in some sense when we are continuing holding without any plans that might lead to infinite holding or else anything might happen in the future which is completely out of our imagination.

Except bitcoin, what you are saying is 100% fixing to all other coins. When no other coin is promising like bitcoin and holding them without any plan might lead to disappointment over the time. Having some target and then booking profits might lead to at least some of mind in the end.

In my case I am new to this world, a friend from the Spanish forum introduced me to all this, every day I learn more and more, what I do most is read, although there are things that I do not understand much, especially the technical, but the It is trending at least in my country, it is increasing greatly, of course it is a third world country and with the highest inflation that exists, in the statistics it appears as one of the countries that has the largest volume of btc, I think that as the crisis increases worldwide the btc will shine brighter.

Many people are looking for an online job right now due to the pandemic we're facing, especially in the third world country, and I'm sure they got interested in bitcoin or other altcoins while surfing on the internet. Cryptocurrency or bitcoin will be bigger and bigger every day as many companies, restaurants, or even some hotels accept bitcoin as a payment option. In the next few years, I'm sure many physical stores, restaurants, etc., will be accepting bitcoin as their payment option.

Cryptocurrency always has been a game changer in this world. With covid-19 is spreading in this world very fast. Community looking for online work, crypto trading line has emerged as a good money making opportunity. At present time only Cryptocurrency getting attention and earning more investor that's why crypto is on fast rising trend.

Rich can gain huge for using big capital but what if it didnt turn out well? They will lose more compared to the poor who have a small capital. Using a small money if you're just starting doesnt mean you cant get rich because it will depend on your strategy in trading. It can happen though it takes time unlike for having a huge capital that if you hit the right coin to trade, its an instant profit. Its just that, rich people are willing to risk more because regardless of the outcome, it doesnt affect them too much unlike to average trader, every cents counts and a big deal.

Thank you for reminding that getting rich from crypto trading cannot be obtained instantly. Indeed, it takes a long process in order to get
a large profit, sometimes we just need a little luck to succeed in the crypto world. Because indeed we cannot expect the market to continue
to be bullish. Therefore, patience is needed so that we can succeed in getting rich from cryptocurrency, without patience, forgetting to get rich
from cryptocurrency.

I agree with all those things but I would want to emphasize the part where there are differences between the rich and normal person. The best way to look at it is to be neutral with the profits. Not looking at the value but looking only at the percentage because that's where you will see the actual progress one person has made. Sure there would be differences in capital and how much money it has but that's only making the person more greedy in terms of wanting to have the same "gains" but the fact that it's only the same in percentages.

Then discriminate with what a person has or can afford to lose. As long as the mentality is there, I believe they will become successful.

The only problem that I can see with this trend is that scams proportionately grow together with the trend, the people falling for it are increasing too because they want to get in the trend and the first people to offer them something without knowing anything about the offer or ignoring red flags, they accept it and then get scammed. With this rising trend, we have to be more careful more than ever with scams.

Such conditions are the same as hype, where people will increase following the trend so that prices continue to rally, until one day the whales start to take their share, followed by panic from many people and finally dumping is inevitable.

Yes you are really very correct! The amount of capital used for a trade matters alot, someone can't just own a fraction of coin and be feeling rich already, no it doesn't work that way, it's clearly seen that the rich get richer in crypto while the ones with the little capital got little opportunity to make it big because using a small capital and the coin prices rised by 50% and for someone who used $50 will be making an extra $25 which making his portfolio a total of $75 which is still small, but for someone who use $5k will be having an extra profit of $2.5k making it a total of $7.5k which is way too big already.

This explains why having a huge capital is very important in business. It extends your risk taking and the level to which, you can endure a damaging situation  in business as well as, it ensures you stand to profit in course of a reversal. This is a luxury available to the rich investors for which, the small investors lack.

We heard of Elon Musk with Tesla coming into the bitcoin market with over a $1B to invest and in few months, got over $0.5B worth of profit. The capital not only served his individual investment purpose but also, stirred in the minds of mini and micro investors the validity of the commodity and as such, the rich keeps benefiting from the insights there investments projects.

If you know how the whales think then you have a high chance that you can earn a lot from following the trend instead of being just a catalyst for the pump in the prices. Remember that it is alright to follow the crowd as long as you still have a common sense. The panic that ensues can also be your opportunity to buy since the prices are at a premium.

having a small capital doesn't make a person have less chance of profiting big is he just learn how to trade well. reinvesting the gains he got. it's always playing the game that makes trading exciting. although it would be better to have bigger capital.

cryptocurrency today still is at the dawn of time, there are still people who didn't even heard of BTC. we still can be considered early investors.

Could not agree more. Money will make more money for you. Low capital only results in loss since people will soon become greedy and increase the leverage. Even in the real life, I can only see the rich gets richer and the poor only becomes poorer. Such a controversial situation but that is how life work.

However, I still believe that knowledge can compensate the lack of money. With proper knowledge, you can make a right investment which gives you more money than most of other projects. With cryptocurrency, you can make this dream come true. There are many coins significantly increasing over the pass few weeks, even few days. Try to benefit yourself because this rise will not last forever.

I remember 2017-2018, when press started talking about cryptocurrencies on every TV. Then I did not understand, that this is a signal for a market reversal. The same thing is happening now. Many friends turn to me who have never heard of cryptocurrencies before. For me, this is a signal, that it is time to enter in fiat.

Then, we have to expect this at any time. Dumps can be happening soon, that we never know either we like it or not, it surely comes surprisingly.
But I'd find a big difference in today's situation compared to the last Bullrun. I could say it was a very short time bullish, but not like what we got this time. We've done for almost half of the year being bullish (correct me if I'm wrong) but until now, I'd never seen any indication of its end. But it can't deny that many people are already praying for this to stop.

Agreed. There are people at every corner trying to scam you. It is such a pervasive things that unfortunately will put off a lot of new comers to crypto. It is not something that anyone or any group can eradicate it just requires a lot of caution.

This is hundred percent true. In addition, Upbit is now under Temporary Server Check.

Don't expect a world of continuous crisis that won't be good for everything. Bitcoin does have an increasing trend when inflation is very high, but if it continues it will also not be good for countries that continue to experience crisis.

Cryptocurrency is currently a very popular trend, many stock investors are moving to cryptocurrency because of lower risks and greater increases.

Everything must be balanced, between the country's economy and cryptocurrency. Cryptocurrency is a payment alternative that is more transparent and safer, but the main payment can never be replaced.

What kind of balancing, you are referring for? If you mean that bitcoin's increase will lead to bubble then it will obviously pop up one day like how it happened by December 2017. Because, bitcoin is not increasing all the years but only one year after halving. So, it may enter into non-balanced zone at some point of time but over the time, it will get balanced through new investors.

Bitcoin definitely needs both unbalanced and balanced situation. When FOMO happens, then it will get into unbalanced levels due to massive buying which will get balanced after a crash. So, the current fast trend may lead to downfall of market by end of the current bull run. So, be prepared will help.

We always need  a plan if we dont have plan about our asset we well never ever gain a big amount of profit, and we are just like wasting our time in crypto. Plan is important to make a directions, holding and selling always need limitation so plan now and gain huge profit later. Before we buy different token or coin we need to have plan for it on when we are going to sell or on how many years we will hold the particular token so we can calculate the posible earnings not just buy and then sell if there is 5% earnings that is totally waste of time.

Since people have already know and realize the importance and worth of cryptocurrency compared to before, many have got engaged into crypto to the extent that it becomes a new trend to most people whether you have intended to like it or not at first. Since many people are now getting into cryptocurrency, the volume of buy and sells have also increased on which it typically shows how massive the changes have occured to make it come to something like this. Well, it is a good thing if people do consider knowing cryptocurrency first before doing engagement to avoid getting caught into common problems of beginners considering they know nothing about crypto at all.

Not only being patient but also be wise or smart on taking up decisions or you do know how to handle up your finances in terms of capital and diversifying.

Getting rich is the common target of most people here who dive in in crypto space but not all would really be given out the chance on getting into that state.

To think that if there's one who had make out millions then imagine on the other side who had lost money too.Its just a tug of war between buyers and sellers.

Nowadays, we can't deny that a lot of people here in cryptocurrency so far are enjoying because some of the altcoins gave a lot of profit to everyone, just like for example of this are Dogecoin even to others it is a shitcoin but look what happened after MUSK posted in the twitter, then followed by Shiba inu where a lot of the community as well invested to this coins were it is cheap but have a large volume in the market something like that anyway. So it is really trending now in the market.

Imo,  it can be said that
"this is the power of something".
Well,  there are several reasons why crypto is very booming and also popular more easily.
One of them is because of the power of someone.  In this case,  recently many famous and rich public figures concern and also introduce crypto to more world.  Additionally,  we all know also that many media announce about crypto,  how this becomes a new trend of investment,  changing mind from stock invest or trade to crypto.

Of course we are not enough just to be patient to be successful in cryptocurrency, need other factors that can support our success in making profit
from crypto. One of them, as you said, is wiser and smarter when making decisions, because there are so many of our rivals in the crypto world who
want to be rich. But not all can end in success, even most traders end up failing and experiencing losses. So it takes a strong mentality to
become successful traders, always rising from failures and fixing all the mistakes that have been made. That's another thing that is really needed
to get rich from crypto trading.

I'm also being careful on buying cryptos now. The "turning point" from bullish to bearish could happen anytime. Everything is not permanent. As much as I want the high to go even higher, I am also aware, everyone does, that anything could happen anytime.

Comparing up back in the past in terms of awareness and adoption of crypto then we can really tell the difference and we are really into the different level of acceptance and recognition.

The trend is fast moving and adoption on getting accepted on many merchants is going bigger and bigger as the years passed.This does signify that people are really getting into it.

Some are just minding about investment matters but there are ones who do mainly engaged due to its tech and relevance but actually it can give out both.

I supposed to amaze the numbers of crypto investors nowadays but I'm not going to surprise to them leaving once Bullrun is done. These people are just riding on the situation, make a profit, and then leave.

Anyway, it was just life...But I was believing that crypto adoption will continue as seeing that many business institutions are already in crypto. Since we are engaging more in online transactions, the more it helps to increase the level of crypto adoption compared in the past years.

Recently, I have watched a mini video of a girl that built mansion just from holding bitcoin from 2011 or so, thought not sure about the year, she has been a center of discussion while others that would learn from her life gets rich, not everyone loves bitcoin, so who ever finds it risky and hard to invest should stay away from it.

For the rich, that's true, investors that entered trade with $100 gets little profit compare to those with $1000, with this I noticed that I would be investing with higher amount of money to profit huger amount too.

Of course what you see really touches and gives an idea that persistence in storing bitcoin and still believing that it will eventually increase is something that is not easy to do, because it requires self-readiness so as not to be affected by the situation but to remain determined to continue saving until the price is in accordance with what we want.

it is clear that investment requires funds and the greater the funds, the more we will be able to determine where we go, it does not mean that with a little funds we cannot do it either. but with more funds it can clearly direct to determine where we should invest and maybe not in just one coin, because other alternatives can also be profitable.

if we believe in bitcoin it will be possible to do it too, especially with large funds we can at any time be able to invest directly without hesitation at the price at that time. because we believe that bitcoin will continue to move up even though there may be a correction.

Apparently, many people had change their insights towards Bitcoin and they are now understand how it works and seeing this a currency in the future. Many people had change their lives because of Bitcoin and becoming this as a center of attraction will seemingly can't be denied. And you're right, this is only for the risk-takers, others may find themselves out from crypto as this is not the comfort zone for everyone.

It is mate! Congratulations to us who are sticking on with our crypto journey. I have to admit that when I was jobless in the early of 2020, I almost give up on crypto and slowly transitioning myself to travel niche. However, pandemic has started and it ruined my plans. So what I did? I got back into crypto! I was desperate until finally I landed a crypto job, then saved some money, hungry for more income opportunities like getting back into participating airdrops and bounty programs, etc.

The trend did starting off with the Paypal announcement and the rise of DeFi and NFTs. It will continue for a very long time. This market is still very young as of the moment, so we have to take advantage!

I agree that bitcoin is capable of providing both. Personally I decided to adopt bitcoin because of the technology behind it. It cannot be beaten by anything else in near future. At the same time, many people are not looking into the technology of bitcoin but only taking bitcoin as a speculative asset. In my opinion those kind of people will understand the potential of bitcoin over the course of time.

I mean if bitcoin is only speculative asset, probably it cannot be trading around $55k levels today. It got both technology and investment characteristics. From these all, we can understand and no need to surprise on seeing bitcoin as a fast rising trend in financial world as of now.

its more than just a trend because it has a usage that will not be forgotten easily than a thing that easily got trendy but few weeks later its forgotten .
each of us has its own definition of rich and when someone say that they feel rich because they have a small portion of crypto that is true to them but you disagree because you have higher standards than them of being rich .
your letter c is correct but in letter b , not all the time rich will become richer but rich can become poor and poor can become rich .

This is true and there is another way how rich are getting richer. People like Elon Musk can manipulate even a stable and deep market like dogecoin which is quite clear but although the motive is unknown, it tells us how rich people can play with the market at will.

There are people with humongous capital in the crypto market and they can short sell any asset to an extent where an average trader will panic and has no option but to sell them. Recently that's what happened with Game stop shares but the funny part was that the guy who spread the news managed to make people hold their shares and the value kept going up because in short selling you need to repay the tokens at some point and if holders sit tight, you are going to suffer.

I completely agree that the rich are getting richer be it either way, bigger investments or just plain manipulation of the market.

I don't know if I am being negative but all this doesn't sound quite right to me. People entering into all these shitcoins to make quick bucks. These are really the worst type of people you want in the crypto market. They will just make the market more volatile. Yes they might give us a fancy chance to sell our holdings at a good price but in the end they would eventually suffer short-term losses and will then curse the crypto market for life.

This is absolutely true people think holding something like SHIBA INU will make them billionaire now. It's really a shit coin and was intended to be a shit coin it has given the required returns to its creators and some early investors. Putting hands in it is like burning yourself on your own.