How to Get Rich Trading Bitcoin - Post CME Future's Day

[bitfools]

You need leverage because it's really hard to make money trading an asset that only has 20% daily swings.

You can also use futures as a hedge against the underlying on a XBT exchange.

If you want to dump a lot of BTC (lots and lots) you can short with leverage on the futures exchange, dump your coins to beat down the price, then cover your short. Then buy back at the current, low price. Ka-ching!


There U have it, all U need is 1,000's of BTC to dump on the market, and $100's of Thousands of USD to cover your shorts and you can get rich trading BTC.

[Airdrop International]

Lool and it's true. It's always quicker to win when rich but anyway everybody can become rich in crypto

[Walrus1]

You need leverage because it's really hard to make money trading an asset that only has 20% daily swings.

You can also use futures as a hedge against the underlying on a XBT exchange.

If you want to dump a lot of BTC (lots and lots) you can short with leverage on the futures exchange, dump your coins to beat down the price, then cover your short. Then buy back at the current, low price. Ka-ching!


There U have it, all U need is 1,000's of BTC to dump on the market, and $100's of Thousands of USD to cover your shorts and you can get rich trading BTC.

twenty percent daily swings if you hit the positive or short right is a good return.

[bitfools]

Lool and it's true. It's always quicker to win when rich but anyway everybody can become rich in crypto

Method above requires $20M in BTC, and $2M in cash to play futures cash market, thus $22M is chump change,

Upon reading this forum I think $15K is considered 'rich'

A known known is actual balance of addresses with balance is 0.05 BTC, that be $750 USD, avg bank bal of USA public is $500 USD

Nobody is rich, and these poor idiots who think they can turn their $500 credit-card cash on 0.05 BTC into a million, are well ... idiots.

Nobody get's rich, you start off rich,

Having BTC back in 2009 is largely a game of luck, hell I was mining in 2012, and I tossed all the hard-disks over the years, because most of the software was so full of viruses I couldn't tolerate to mine, and I had a ton of GPUS back then,

Things are much better now, don't see much virus, use github.com code and always verify code and make my own mods, back in 2013 it was mostly pre-compiled shit on window's, now its 100% linux, and its super easy and safe to mine without any problems.

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I think its stupid to BUY BTC, or any coin, just mine it, ... most of the alt's you can get 2,000/day, and just keep acquiring different alt's some of them are bound to go up.

Problem now with BTC is that your not going to see any more 100X gain, so the alt's are a more likely way to get the big returns

Don't put real cash into BTC or Alt's, just mine the shit, and get coin for free, that way you don't got no skin in the game some day when it all evaporates, and it will it always does, these MANIAS always end the same, in all human history.

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People who got rich in BTC were the people who acquired it for $1 back pre 2013 and held it and didn't lose their private key.

I still think money can be made in BTC, but its recovering all the lost coin, from the past, that's where the action is now and future for miners.

Mining new coin BTC is a game owned by China, and sending your money to BITMAIN to buy 'locked' hardware.

There's still lots of ways to get 'mildly wealthy' in BTC, BCH is doing fine, and BTG is being supported and its GPU friendly.

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Biggest problem with this shit, is like Satoshi, you can acquire but you can NEVER SPEND, sort of like Hotel California, once you spend, then they ID you, and its game-over.

If Satoshi were ever ID'd he would be a dead man, hell 1,000's of ppl would kidnap and torture him for his private keys, ... this is some sick shit.

Jack Ma say's that anybody with $1M+ BTC will be a marked man for life, I concur, INTERPOL/NSA will mark anybody for life as being a CRYPTO-RICH guy, you will be treated as a VIP ( cop talk for perp ) for the rest of your life, thinks custom entry points and passports

Once they mark u, then the burden is on u to prove it no longer in your control, .... too many ppl all over the world, especially 'gov' can make u dissapear like 'black-bag' v for vendetta, cuz they know there will be NO EVIDENCE of a crime, ... just easy money for criminal goverment, and all ZOG agents

[chamoisgeks]

If you want to earn fast in Bitcoin, you can do trading and mining to be able to gain profit. In that way, your returns is bigger than losing more by buying a very expensive Bitcoin.

[lizardbtc]

Lool and it's true. It's always quicker to win when rich but anyway everybody can become rich in crypto

Method above requires $20M in BTC, and $2M in cash to play futures cash market, thus $22M is chump change,

Not only does it requires a lot of bitcoins but it also requires you to diversstify to as many exchanges as you can and then start to dump the price and cause fear into markets. You could lose on the fees on the other hand. By dumping all on one exchange you are risking firstly that much money on one exchange and secondly that not other exchanges will follow, they might not even recognize that you have tried to dump the price.

To my knowledge whales won't do that crazy things because it puts them and others at risk.

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Yeah it's hard to escape the reallity since bitcoin has open blockchain, thats why if you need privacy you could use some mixers (caution here since nobody can guarantee that they don't keep logs!) or transfer to XMR slowly or some other coin, can find even people to trade p2p. Privacy is big concearn. Regarding mining coins are to free so to speak you still have to cover the power costs and to buy mining equipment, I do agree that since alts are riskier they can bring a lot more profit even by mining and then hold those coins.