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Author Topic: What is your plan to get rich with Bitcoin?  (Read 265795 times)
socks435
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May 13, 2016, 05:13:50 PM
 #1901

Honestly guy all your opinion are true and signature are the answer but many source of bitcoin that you can do why dont you try to collect altcoin you can also sell them for bitcoin doing simple task bounty and you can receive the rewards from them once the altcoin is release from market and you see the price is increase daily just watch it and sell your altcoin for bitcoins..
And you can make more bitcoins and more profit.. than doing signature campaign only.. be a multi tasker and you can make more bitcoins in your wallet to save it for a longtime or waiting for block halving to make more profit..

Solving blocks can't be solved without my rigs.
hendra147
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May 13, 2016, 05:37:19 PM
 #1902

By earning bitcoin freely, joining signature campaign and collecting the bitcoins and when i already have many bitcoin i will do trading and get rich with it.

Nice plan, I also collect capital from the signature campaign, then grow it with trading. it is a good way to get rich from trading.
Akupuniard
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May 13, 2016, 06:19:06 PM
 #1903

By earning bitcoin freely, joining signature campaign and collecting the bitcoins and when i already have many bitcoin i will do trading and get rich with it.

Nice plan, I also collect capital from the signature campaign, then grow it with trading. it is a good way to get rich from trading.

I am agree with you, everyone trying to get rich also everyone starting with small amounts of money. Also want to trade later, after working on signature campaing.

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May 13, 2016, 06:43:11 PM
 #1904

By earning bitcoin freely, joining signature campaign and collecting the bitcoins and when i already have many bitcoin i will do trading and get rich with it.

Nice plan, I also collect capital from the signature campaign, then grow it with trading. it is a good way to get rich from trading.

I am agree with you, everyone trying to get rich also everyone starting with small amounts of money. Also want to trade later, after working on signature campaing.



I'm not sure if I understand the various assumptions regarding getting rich from signature campaigns and trading.  Maybe my definition of "rich" differs?

Signature campaigns can earn you anywhere between .5BTC and 2 BTC per year, so to "get rich", you likely will need to supplement a bit with buying some BTC to increase your BTC accumulation.

And with trading, it seems that you gotta be pretty good or to have a very good system in place to consistently earn more than 20% per year (from the trading aspect) - otherwise, if you are taking a lot of unnecessary risks with your holdings, your earnings will not be consistent, you will suffer from lost earnings from being in the wrong place at the wrong time and paying fees and in essence, you seem to be engaging in gambling that you call trading rather than consistently profitable trading.

I have only been BTC trading BTC for about 7 months, and so far my trading strategy has been very conservative, so probably, even though I have a sense of the matter, I am not the best in the world to challenge any assumptions, here.




1) Self-Custody is a right.  There is no such thing as "non-custodial" or "un-hosted."  2) ESG, KYC & AML are attack-vectors on Bitcoin to be avoided or minimized.  3) How much alt (shit)coin diversification is necessary? if you are into Bitcoin, then 0%......if you cannot control your gambling, then perhaps limit your alt(shit)coin exposure to less than 10% of your bitcoin size...Put BTC here: bc1q49wt0ddnj07wzzp6z7affw9ven7fztyhevqu9k
Bitcoinbro
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May 13, 2016, 06:50:01 PM
 #1905

By earning bitcoin freely, joining signature campaign and collecting the bitcoins and when i already have many bitcoin i will do trading and get rich with it.

Nice plan, I also collect capital from the signature campaign, then grow it with trading. it is a good way to get rich from trading.

I am agree with you, everyone trying to get rich also everyone starting with small amounts of money. Also want to trade later, after working on signature campaing.

This is true but I would just hold my bitcoin after it to make profit this year due to the fact the halving is coming this year.
JPred
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May 13, 2016, 06:56:34 PM
Last edit: May 13, 2016, 07:08:56 PM by JPred
 #1906

~~~

$1k seems to be impossible to achieve by the end of this year, as we haven't reached to $500 yet and we are expecting double of its price in next 3 months..lol..

it doesn't seem impossible at all. if you are looking for the same rate of rise then yes it will not reach $1000 with this rate but this is not set in stone, it can change at any moment. right now there are whales preventing the rise too because they want to accumulate more.

Da fresh plan fo me it is to look at da price of da bitcoin it goes down first and den me see it go up. If da price not go down I'm unlucky and I cry, but if da price drop I'm lucky to buy da low price and I sell it twice as high as now and have a nice smile.

was your brain melting when you wrote this? Cheesy
I am planning that I am going to sell the coin after some 2 years and that I can make a huge profit with it and that would be perfect if that would be possible for me.
But the bad thing of Bitcoin is that you never know what is going to happen with the value and that is the problem.


It's true we know not future price -  dat is why I wanna buy it cheap as possible so if I loose it is not too big a loss but if I win ma smile is like....so >  Cheesy
But me keep otha eggies too not only da bitcoin.




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bitbullbarbados
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May 13, 2016, 07:05:04 PM
 #1907

ha ha ha! you can't get rich with Bitcoin anymore, keep dreaming.
We got rich with Bitcoin 2009-2013. After that all the peanut chasers came in.


I'll second that. The novelty is over and the heavy players have moved in.
sishendaoye
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May 13, 2016, 07:25:05 PM
 #1908

By earning bitcoin freely, joining signature campaign and collecting the bitcoins and when i already have many bitcoin i will do trading and get rich with it.

Nice plan, I also collect capital from the signature campaign, then grow it with trading. it is a good way to get rich from trading.

I am agree with you, everyone trying to get rich also everyone starting with small amounts of money. Also want to trade later, after working on signature campaing.

This is true but I would just hold my bitcoin after it to make profit this year due to the fact the halving is coming this year.

Indeed you can now better just hold your bitcoin till the halving has been done and than think about the future what you want to do with them.
I think we just need some patient for it to be honest.
watermark
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May 13, 2016, 07:34:09 PM
 #1909

I plan to accumulate as much as possible through buying, trading, and faucets.  I'm doing as an investment but I don't expect to have enough to use for retirement.
JayJuanGee
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May 13, 2016, 07:45:33 PM
 #1910

I plan to accumulate as much as possible through buying, trading, and faucets.  I'm doing as an investment but I don't expect to have enough to use for retirement.

Yeah, but what's your retirement timeline?  2 years?  5 years?  20 years?

1) Self-Custody is a right.  There is no such thing as "non-custodial" or "un-hosted."  2) ESG, KYC & AML are attack-vectors on Bitcoin to be avoided or minimized.  3) How much alt (shit)coin diversification is necessary? if you are into Bitcoin, then 0%......if you cannot control your gambling, then perhaps limit your alt(shit)coin exposure to less than 10% of your bitcoin size...Put BTC here: bc1q49wt0ddnj07wzzp6z7affw9ven7fztyhevqu9k
mark coins
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May 13, 2016, 08:05:53 PM
 #1911

I don't have any plan to get rich with bitcoin as to get rich I have many other sources, I will keep on earning from bitcoin till it is alive.
sishendaoye
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May 13, 2016, 08:44:31 PM
 #1912

My plan is to hold the bitcoin as long as possible to make as much as possible profit, I think it can be done if you have a enough patient to do this.
MaritiJames3
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May 13, 2016, 09:05:02 PM
 #1913

My plan is to hold the bitcoin as long as possible to make as much as possible profit, I think it can be done if you have a enough patient to do this.

I'm also gonna do this because the fact is that the halving is so good, I think that its so profitable compared with other things.
The future of the bitcoin is so good.
jamesl22
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May 13, 2016, 09:38:52 PM
 #1914

My plan is to hold the bitcoin as long as possible to make as much as possible profit, I think it can be done if you have a enough patient to do this.

I'm also gonna do this because the fact is that the halving is so good, I think that its so profitable compared with other things.
The future of the bitcoin is so good.

The future of bitcoin will depend on its value, if price falls down in future then there is no scope to get rich with it, so when you see higher price its better to sell your coins.
Tomnysam
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May 13, 2016, 09:43:37 PM
 #1915

Hi,  I was thinking you might wanna get a cartooned picture of yourself, at affordable rates , payment via bitcoin. Check out my works in instagram @art_by_tommysam, you can dm on Instagram or email Me via tommysam26@gmail.com
JayJuanGee
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May 13, 2016, 09:59:28 PM
 #1916

My plan is to hold the bitcoin as long as possible to make as much as possible profit, I think it can be done if you have a enough patient to do this.

I'm also gonna do this because the fact is that the halving is so good, I think that its so profitable compared with other things.
The future of the bitcoin is so good.

The future of bitcoin will depend on its value, if price falls down in future then there is no scope to get rich with it, so when you see higher price its better to sell your coins.


Can you be a bit more specific regarding how you determine value, and whether the price is high or low?

And, are you suggesting to sell all of it at a certain price point, and if so, how do you determine the sell price point?

1) Self-Custody is a right.  There is no such thing as "non-custodial" or "un-hosted."  2) ESG, KYC & AML are attack-vectors on Bitcoin to be avoided or minimized.  3) How much alt (shit)coin diversification is necessary? if you are into Bitcoin, then 0%......if you cannot control your gambling, then perhaps limit your alt(shit)coin exposure to less than 10% of your bitcoin size...Put BTC here: bc1q49wt0ddnj07wzzp6z7affw9ven7fztyhevqu9k
Imoote
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May 14, 2016, 03:09:02 AM
 #1917

My plan is to hold the bitcoin as long as possible to make as much as possible profit, I think it can be done if you have a enough patient to do this.

I'm also gonna do this because the fact is that the halving is so good, I think that its so profitable compared with other things.
The future of the bitcoin is so good.

The future of bitcoin will depend on its value, if price falls down in future then there is no scope to get rich with it, so when you see higher price its better to sell your coins.


Can you be a bit more specific regarding how you determine value, and whether the price is high or low?

And, are you suggesting to sell all of it at a certain price point, and if so, how do you determine the sell price point?
Prices in bitcoin can not be 100 percent settled, it will definitely change whether it is up or down. But I believe the changes bitcin prices tend to rise. And bitcoin will continue to rise and is progressing very rapidly. Sell it bitcoin when prices increased by several dollars since it was profit. To become rich also need to work hard.
streazight
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May 14, 2016, 03:16:15 AM
Last edit: May 21, 2016, 03:56:11 AM by streazight
 #1918

i will get rich by saving
JayJuanGee
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May 14, 2016, 03:22:39 AM
 #1919

My plan is to hold the bitcoin as long as possible to make as much as possible profit, I think it can be done if you have a enough patient to do this.

I'm also gonna do this because the fact is that the halving is so good, I think that its so profitable compared with other things.
The future of the bitcoin is so good.

The future of bitcoin will depend on its value, if price falls down in future then there is no scope to get rich with it, so when you see higher price its better to sell your coins.


Can you be a bit more specific regarding how you determine value, and whether the price is high or low?

And, are you suggesting to sell all of it at a certain price point, and if so, how do you determine the sell price point?
Prices in bitcoin can not be 100 percent settled, it will definitely change whether it is up or down. But I believe the changes bitcin prices tend to rise. And bitcoin will continue to rise and is progressing very rapidly. Sell it bitcoin when prices increased by several dollars since it was profit. To become rich also need to work hard.


You did not really answer the question either.  I mean in essence, you are merely asserting that we should sell if prices go up rapidly.

Does that mean I sell at $470?

Or do I sell at $500?


Or $600?

or $1000? 


Or does my sell point depend upon how quickly it goes up, so if it goes up quickly then I sell and then maybe I buy again when it dips in order to prepare to sell again when it goes up?

I agree with your presumption that Bitcoin prices are likely to go up, but I have a bit of troubles understanding strategies that suggest selling all of them, unless you are really certain that it is going down and then going to go back up (but you cannot really know that, so even if you sell a lot, maybe selling 50% would be better than selling 100% in order that you are prepared for either price direction?)

1) Self-Custody is a right.  There is no such thing as "non-custodial" or "un-hosted."  2) ESG, KYC & AML are attack-vectors on Bitcoin to be avoided or minimized.  3) How much alt (shit)coin diversification is necessary? if you are into Bitcoin, then 0%......if you cannot control your gambling, then perhaps limit your alt(shit)coin exposure to less than 10% of your bitcoin size...Put BTC here: bc1q49wt0ddnj07wzzp6z7affw9ven7fztyhevqu9k
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May 14, 2016, 08:29:33 AM
 #1920

Hey guys,

I just spoke to a guy over chat who told me his plan was to get 100 BTC, wait for the price to reach $5k per BTC and retire after that. Since he lives in a third world county, that might be possible for him. I know this is a simplification of the problem but I d like to know what s your plan. How many BTC is your goal, at what price and what happens once you reach that goal. After all, we have all been involved in a dream, why not dream it a bit more.  Grin

Chat with him again and tell him that he will have to work his whole life then Cheesy no way btc price getting to 5k
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