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I hit bitcoin and bitcoin cash (which I got an equal amount for free in August) at several hundred each, when I was age 54 in 2015. I've spent half on a new farmhouse, 40 acres of land, new tractor, large Amish barn, new furniture, expensive soapstone fire stove, and more. To be sure I am wealthy because of bitcoin and bitcoin cash and still have plenty more.  |
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I like this advice. The key is simple: buy only as much as you afford to loose, then sit back and relax while you hodl and experience life in good ways. Several years from now you could have become very wealthy or not at all. Either way, this is a world class chance and well worth taking.
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False statement. I have used hundreds of thousands of dollars worth of bitcoin. So no, "nobody uses it".
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Me too HODLING.
I spent half of my hundreds of bitcoin and (free) bitcoin cash for a fortune. I shall keep the remaining half until it is worth ten times or more what it was worth a year ago.
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1 Million dollars per bitcoin is not unrealistic. Simply obtain even a fraction of one bitcoin and wait - it could be life changing for you.
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Meh. I'm a hodler from the start and got rich. Bought several hundred bitcoins at about $250 each and then got an equal number of bitcoin cash for free when it first started in August. I sold half of each at a great high price and still have the other half.
I am now wealthy.
Most younger investors do not understand about hodling. So in panic they usually sell out for a great loss if the value drops.
Hold onto your investment, my friends. That is the secret. Or sell out and continue working at McDonalds or some such place while figuring out how to pay your large debts on very low wage.
Your welcome for my advice.
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Bitcoin will rise again - look at its historical record and you will see 10x increases and more are quite common. A 10x increase alone is over $30,000 from its current value. I recommend hodling and relaxing.
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You think fiat currency is real money? LOL rolling on the floor.
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Meh. Bitcoin like many valuable investments has been going up, down, up, down, up a number of a times. It started out worth less than 1-cent each and now worth thousands of dollars.
The wise hodl. Bitcoin will likely massively rise once again.
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If I were just starting out I would buy a small amount - say, 1/4 of a bitcoin and store it away. Then wait. It could very well be worth 1/4 of a million dollars or more in several years. Nobody knows for sure.
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LOL. According to the likes of you, bitcoin has died a dozen times. And yet, here it still remains - went from cents per bitcoin to thousands of dollars per coin. What could possibly be incorrect about this next bitcoin is dead theory?
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Bitcoin is following the normal trend of most successful stocks - ups and downs then ups again. From mere cents to thousands of dollars per bitcoin the advance has been spectacular over the last decade. Look at the charts for proof of this.
Panic sellers are inexperienced investors and so loose out often at great loss.
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You are probably one of those who bought when the market was soaring high... right? I feel for ya. Those who bought in January Last year and cashed out Later on in December or in the first half of this year are smiling and waiting to cash in again. So NO, there is nothing wrong with the market. A healthy market involves both bearish and bullish trends.
When getting into a market, always expect an aggressive bearish trend after an aggressive bullish trend and vise versa. This when you know when to exit before you lose all your profit or even hit losses on your initial investment.
And Never ever try to be so greedy, Take the small profits if possible, come back another day... your downfall is when you want to be a millionaire in a fortnight.
Where will the money come from?
I also have a question, Where did it come from last year when the total coin market cap hit an all-time high of $800Billion+
Agree. Current stages of bitcoin is the same as many other investments over the years - ups and downs and then ups again. Eventually it can lead to your fortune unless you do like many people do and panic sell at high loss. |
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It is possible, then probable it will rather suddenly shoot up to higher levels as has been its pattern over the last decade.
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Bitcoin has been doing these ups and downs for a decade. Started out worth mere cents, now its thousands of dollars per coin.
I'd hodl since this has been the course since the beginning. My suspicion is soon enough bitcoin will rise dramatically once again.
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To me bitcoin has workingly achieved both potentials. I have used it as a store of value and a medium of exchange both very well.
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Most people are poor investors in anything from stocks to education, to family and friend selection. Fact is bitcoin has been dipping off and on for a decade only to suddenly make new impressive highs.
Simply look at a graph at bitcoin prices over the last ten years and be a judge for yourself.
Don't "buy the dip" and stay poor. There remain plenty of jobs at McDonalds and similar low paying places where you can settle comfortably drinking beer in front of your television at night.
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Well I've already sold half my bitcoin and bitcoin cash at a huge profit. There is no reason not to hodl the other half come what may - it could go to zero or a million dollars. Much more chance for the million and if zero I still have lost nothing.
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I've already sold half my bitcoin and bitcoin cash (which I got for free when it first came out) for a massive profit. I will hodl the other half no matter what.
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B...bu....but many people are saying bitcoin is dead  |
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