If your knowledge and capital are "sufficient enough" you may achieve that still it purely depends on your understanding of "what is wealthy". If you have enough money that you can call yourself rich than turning that into wealthy would be easier to achieve with bitcoin than any other investment chance. You can turn 1 million dollars into 10 million dollars, you can turn 10 million dollars into 100 million dollars. It is still possible.

Nevertheless, if you are not rich and you have a low capital of couple thousand dollars, not even enough to get one bitcoin, than it would be impossible for you to become "wealthy" by any standards.

If you mean wealthy by just "not having to work ever again", that is possible via altcoins right now, there are a lot of coins that promises x100 returns and that could turn your couple thousand dollars into couple hundred thousand dollars and you can get some other again and retry it and turn it into millions of dollars. Quite riskier option but only option left.

The problem with most newbies is that they are always jumpy and in a haste to want to make every single money they can lay their hands on in the shortest possible time. That is not a bad thing, even though it can be a bad approach to trading most of the time but the funny part of it all is that they tend to discard the side of learning as much as they can before even trying out any market at all, whether a spot market or a margin market and that is how they pretty much get burned most of the time.

It is no harm to try out margin trading, as long as you know you can handle yourself, but in the vein of trying to approach the market without knowledge, margin trade can get you done before you even started.

There is no harm in giving your niece bitcoin, but you need to let her understand what bitcoin is all about, the need to keep somethings secured, and how to at least manage herself in the space in the long run and if you cannot get all those done, with her not being able to make decisions on her own, or even understand what you are giving her, it is better you just simply keep the bitcoin for her until she is of age and she can understand what it is all about on her own easily.

You may give her a hint or at least commit yourself to let her know what you are giving her, and probably push her to go learn some few things on her own to come ask you any question, and when you are confident enough that she can be her own bank conveniently, you can push it to her. She does not need a centralized exchange before she holds bitcoin.

Lol, that is the funny part, as old as most of them are, they just don't know how to shut up and go hide in a hole with their head deepen in shame but they just keep behaving like kids, who have not experienced life or probably they are just trying to gain some relevance, knowing the level of speculation in this market.

Whatever it is, they should know better that people don't listen to their bullshits anymore and in fact, all they are basically just doing now is to make themselves sound more like fools in the long run, and I can imagine if things do not turn out as he is imagining in his head, how many times he will have to change the predictions again in 2019 until he is eventually told to just keep quiet.

It is not that hard to predict right now because the volume is very low, not all time low because we have been steadily getting new people on the way and getting more crowded so even during stagnant boring times the volume is higher than what it used to be couple years ago but still low compared to what it can be and what it used to be. Now when the volume is this low it means the volatility is a risk for whales, when volatility is a risk than they do not get in.

Hence, when the speculators who has a lot of money can't get in during low volumes (because they wouldn't be capable of getting in and out without causing market stirrup) what happens? A calm market. When a bull comes the volume will naturally go up again and during that time they will come back and do something but until that happens we are fine.

Most people who may not have the same thought when it comes to bullishness of bitcoin are basically those who may not understand that there is so many more to come in the future, based on the fact that this market is still young and growing, or for the fact that there is actually nothing to worry about considering the fact that this year has been appreciating since inception and I remember last year when we even saw around $4k a lot of people were really happy and then the whole thing happened with us seeing more than that towards the end of the year, and now we are seeing $6k as a bottom ? That is really some pretty good growth if I am asked.

Of course, you cannot expect the government to legalize something that is decentralized without at least having something to benefit from it, so in a way this would be a symbiotic thing for everyone.

Like we are seeing already, some countries are already becoming a haven for cryptocurrency adoption and as time goes on, when other countries start seeing the development coming to their economy over time, I am sure they will be able to realize the huge benefit that lay in the space, and they will also want to tap from it as well. In this case, we will definitely get to see more adoption which is something I believe gradually will head us to the mainstream level.

Do not listen to the fools who keep on making these type of estimates without considering the fact that miners are making a huge amount of the volume right now and if you would like to sell your coins than you need to follow them and certainly buyers are not big enough to buy out all the miners sells and than some to drop it.

There are already sellers in this market, there are traders who both buy and sell and there are miners, in order to cover all of that plus probably doubling to make the price drop to 2000 dollars there needs to be a lot of volume into bitcoin that is only there to sell, I do not see that type of sellers getting anywhere so I am certainly sure the price will continue to stay at these levels unless the cost for bitcoin mining drops significantly and suddenly.

People keep thinking it is the whitepaper that makes an ICO what it is but in reality the truth can't be any further from reality. Whitepaper is only there to show you what the coin is promising but the important parts are the community, the team and the developers who are building said promises. If one of that fails than all of the coin goes to 1 satoshi or whatever and loses you money. If the community is not happy with the coin than they sell and price goes low, if the team doesn't seem honest and looks like scammers or something else than the coin gets low again and if the developers do not deliver the promises made on that whitepaper than the coin once again drops. No matter what you do just don't trust only the whitepaper, of course read it if you want but don't invest purely from whitepaper.

I prefer dollars. I am not invested in this stuff to make more money or get rich to be honest. I am invested in crypto world because I want to retire earlier than I need to. I don't know how that will be, maybe I will buy couple shops and retire thank to rent, maybe I will put it in a bank, maybe I will get a lot of stocks from a company.

I don't know how it will be but my end needs to be me sitting at home collecting cash which means I need dollars for now. If bitcoin gets big enough to be accepted everywhere in the world than I can care about bitcoin prices of the altcoins but until that day I need my dollar amount to increase. Now I know thats wrong thinking and I should focus on bitcoin adoption instead of getting rich but at this point I am tired of yelling the same thing to people so I may just give up.

Joining a group is nothing that you should be doing based on the fact that you cannot trust anyone but yourself in this space. As long as you know you do not have what it takes as a person to at least be able to make some analysis yourself and be good at making decisions on your own when it comes to the market, then it is better you just hold or look for other means easy for you.

Looking for signals, pump and dump groups or some easy way out will always get you burned in the end, and actually you should have yourself only to blame for it. There is one thing to be looking for info on the market development and it is another thing to be looking for someone to tell you what to do. The latter is one big mistake a lot of newbies always end up making and suffering for it.

Check out crypto.jobs , they have a lot of jobs coming their way all the time, I know one or two a day is not a lot compared to other fiat job chances but having those is enough for people like us. I try to apply to everything that is not coding or designing. I can't code very well, I know a bit but I am not too good at it, at least not good enough to trust myself for a job let alone someone else trusting me. I am also not a designer so I can't do that.

But, all other jobs from community management to writing to digital marketing and all that is still there for the taking. You can also check "jobs4bitcoin" at reddit, it is not constantly filled with people who are hiring but at least there are some here and there and you may get lucky. All of that combined creates a good chunk of chance for you to sit at home and make your money.

Honestly, it is really a waiting game and that would always require some level of patience on the part of every single one that wants to benefit from this space in the long run. If the people who have benefited hugely on this space, and still holding a huge amount of bitcoin even at this moment, I am sure, they really will not get to be experiencing a huge gain at the moment, because at some point, they would have gone astray thinking there is no hope or future for the market anymore in the past.

Moreover, the fact that they understood the value in this market and the technology and they know there is a huge space for it; the easier was it for them to hold this long. These days, people who got in just last year, want to start buying Lambo

There is even nothing like a perfect trader, as one way or the other, traders keep learning and fine tuning their strategies every single time to make the best of trading to their benefit.

What a lot of people might not understand is that loss is something that cannot be avoided at all even as a pro trader, and the only thing you can always do most of the time is to have a strategy when you want to be entering the market, be sure that you stick with it, know that loss is something that can come no matter the strategy since market conditions can quickly change anytime, and in that case, you have to just make sure that your stop loss is something you will never discard, but all these things would always come as an impossible thing to carry out if you do not learn and practice.

That is the thing here bro! Bonuses given to investors which in some cases we tend to see even as much as 70% which I have seen with one project before, it is really something crazy. Like someone rightly said, when this token eventually hits the market, I am sure investors with huge bonuses and actually got a lot will not even blink an eye and in most cases, since they already know there are some people dumb enough to dump at low prices below ICO price, they really will not mind getting it as down as they can until they know they are even accumulating enough with those bonuses, until there is pretty much no one to sell again and then, we see the price hitting new ATHs, and then some bounty participants wishing they held on to what they had.

I would not be too much in a haste to consider a trend reversal at this point, but however it is, the trend has always been our friends and it will keep being our friends, as there is no doubt about that.

Stability now is something we are getting to see because the market is still trying to decide the next move and we have not seen much follow through with the price going upward or downward. Also, we also have to understand that a lot of things have changed in development over the course of the years, so we may not necessarily be seeing much of 2013/2014 occurring in the same vein right now.

I guess people just like to keep finding a problem when there is none and then as a result they get themselves emotional and worked up when they should be seeing huge opportunities instead. Those who are calm know the main reason why they are because they are not busy focusing on the short term and they see a lot of development and huge growth coming in the long term, and instead of losing their cool, they would rather prefer to lose their cool on trying to accumulate as much as possible, because believe me, it is until later people will realize we are not even close to mainstream adoption yet.

I am not sure what losing your cool will help you with eventually, unless to get your brain and blood hot for no reason, get your heart pump more blood than usual and then at the end, you just do yourself more harm than good. This is a market, corrections are a normal and healthy thing, and if you have not been able to put your head into the game already to know that this is also an opportunity to be accumulating than to be getting unnecessarily worked up, then you will really be having yourself to blame in the long run for losing your cool for no reason at all.

Don't do margin trading if you don't know what you are doing. Margin trading is one of the toughest things a trader can do and the range for mistake is very slim so you need to be %100 sure that you are doing the right thing. If you are wrong even a single bit than all of your trade amount will go to zero right away.

I know investing normally can make you lose above 50% in crypto specially if you invested on all time high prices but even that is not 100% of your money and you still have a chance to make that money back if the prices go back up. In margin trading there is no option like that and you need to restart with new money to try to recoup the losses and that might result with more and more losses each time. It is more like gambling than trading to be honest with you.

You will be surprised the crazy things people will do in this life for money and some are pretty desperate to the point that if you tell them to jump into the middle of a lagoon for 50btc right now, they will think of the money first before thinking of their life and some will not even bother thinking of their life first, so I won't be surprised if I get to see people that won't mind doing a boob job for a bet when there is a huge amount involved. It is crazy though, but the world we are living in right now bro, is just crazy!

I would say convenience as well as anonymity is one of the two major areas that blockchain is already disrupting gambling. Usually, with the way things have always been in the past, there is always a strict regulation with gambling in some places and since you will have to always make some sort of transactions with the bank, you can always be traced with your transactions with anything that has to do with gambling.

Moreover with blockchain, a lot of that has really changed, and even now it has been able to give a lot of people the chance, both young and old, to be a part of the gambling system without being traced. Not sure if that is going to be a huge problem in the long run or if it isn't already.