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Author Topic: A bullish case: HOW MUCH #BITCOIN to get rich and fund your lifestyle?  (Read 325 times)
Yatsan
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January 28, 2023, 10:26:35 PM
 #41

That would depend on your lifestyle. If you would hve multiple Bitcoins but your lifestyle would also adjust to a more luxurious, you'd end up with nothing for sure. Keep in mind that the market peice is not continuously increasing on a consistent manner. But if you will have somewhat of an 'average lifestyle' I guess 10 BTC would be good to go to give you a decent life as well as to your family especially if you will 'run' that asset to be more profitable such as with investment diverification. But if it is assurance you are looking for, engage to stock or property investments. This industry has a huge potential but has its own kind of risk, so you decide.

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January 28, 2023, 10:58:21 PM
 #42

I think it's a hard question to those who wants more after experiencing a luxurious lifestyle or maybe it depends on someone on what kind of lifestyle they want but my only answer would be, no matter how rich you are if you can't think of something to do with your money it will one day be gone and you will find yourself looking back to what you wasted. Thus, you will need a continuous passive income and not just a steady wealth that doesn't grow then you might retire one day and spend your wealth while funding your lifestyle choices.

Although, with all of that computation I think it's too much but who would wait till their BTC hit that high when we are getting older. Huh

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January 29, 2023, 10:05:48 PM
 #43

As many think “crypto will make me rich” it’s definitely not going to be Bitcoin. Even if it hits a new ATH and you buy here at $24K, you will maybe make 3x. Unless you buy millions you won’t get rich this way.

Bitcoin and ETH would of made you rich back in 2015 or so. You could of invested $10K in both and would of made great sums of money as long as you held. Gone are those days.

Not sure about other cryptocurrencies and how they may work and how they can make people rich because there are many other cryptocurrencies that may have pump dump and after that, some people can get rich if they invest enough in it and they have the knowledge of the cryptocurrencies. But speaking of bitcoin, I don't think investing just a few dollars on bitcoin can make anyone rich even in long term, to be more realistic bitcoin has grown up and reached many high prices but you cannot expect to see investing a few dollars on bitcoin make anyone rich in this time.

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