Yes it can be when you invest big amount and had a good project you can become rich but investing in small amount it takes too long to earn, you can also be poor when you lose on your investment and i think there are also some ways to become rich by having a good job or business maybe.
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There are lots of bounty campaigns now and we don't know what is good but for me i really join in bounties and fortunately i get my rewards after the ico because i had a hard time working for it and i trust it , but before joining study first about the project the developer and the manager.
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No one can predict what will happen in 2 years time but i think now that crypto is becoming known to people around the world and is regaining it's position in the market it can recover as soon as possible.
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That was what we call strategy when you have wit and knowledge you will become successful in joining bitcoins because in this project patience is also needed in order to have that big profits in the end.
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Hodl your bitcoin until its price soar high to have a big profit but if you need money why not sell it we are working on Bitcoin to have something to use for our daily living but if you have huge amount of Bitcoin you can sell half of it and hodl the other half.
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It depends on the government what are the regulations and how to collect taxes in Bitcoin because transactions are done through internet and theres no tax to be collected unlike working on government and private establishment that they are oblige to pay their taxes.
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As far as i know investing really is taking a risk because you don't know what will happen in your investment because this like a game so before you invest be sure to know about the project it's developer and the people behind the project to avoid lossing your money.
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Every have a different views about Bitcoin some legalized Bitcoin and some banned it so i think it will not happen that the existence of bitcoin will be strictly prohibited around the world.
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There are some news regarding Bitcoin investment scam and people keep on complaining but i think the government will not ban Bitcoin because these people who are victims of these scam don't know what the opportunity Bitcoin can give to Filipinos.
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We can say that Bitcoin is the king of all coins because it is the most popular coin in crypto and it has the highest value coins once we think cryptocurrency the first sought coins is Bitcoin.
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Yes i agree with this even in their time deposits they give only small percentage of interest so if you want a bigger profit you may invest in cryptocurrency it can double your money.
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Banks has no fear about bitcoin it's only the fake news that trigger the rivalry between this two because we all know that banks had already active since the beginning people are already familiar in having their transactions through banks so no need to worry about bitcoin.
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It's impossible to have a cashless society poor people will be the first to be affected because of their way of life no internet access and maybe they don't even know how to use cryptocurrency how about paying bills and buying small quantity of items it's hard to do transactions with bitcoin so i think this will not happen can't imagine the scenario.
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Bitcoin and gold differs in one another just because Bitcoin as an investment is done through internet access and when you invest in it it is a risk because you don't know what will happen to your money while gold as an investment is a material you can see it and hold it and you had no fear if loosing it .
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It's a nature of people that when they received their salaries they spend it without thinking what will happen tomorrow because they have in mind that next they have another salary to receive so to avoid overspending make a list what to buy and when going to malls bring only the money sufficient enough to buy the list you make and try also to save for your future.
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Physical money will not disappear it will stay because not all people around the world know about cryptocurrency especially those countries who are not yet familiar in using modern and advance technologies and don't even know to use cryptocurrency it will be difficult for them sothey prefer to use physical money.
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This is a major problem in cryptocurrency for we all know that no electricity no transactions but there are options you can have a generator to have electricity and maybe you can use data in order to trade with bitcoins but this will only happen when calamity comes and it will not last long because people need this especially those with business.
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There are many interesting stories that i want ny grandchildren to know i will tell them stories about rags to riches to teach them how to become successful in life and i will also tell them about my journey in n cryptocurrency my experience and success in this project.
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Being rich is sometimes a fate because some rich people had inherited their wealth they are the people who were born with silver spoon that is what we call fate but some people become wealthy through their goals in life and their perseverance to become rich.
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#JOIN
Bitcoin username: Pallang Forum rank: Full Member Posts count: 192 ETH address: 0x9ae4B3092B855aCd693e74D19b4953DA5CF66E7b
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