JayJuanGee
Legendary
 Offline
Activity: 3724
Merit: 10296
Self-Custody is a right. Say no to"Non-custodial"
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June 08, 2016, 04:29:19 AM |
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Well my plan to get rich with Bitcoin is that I use it in trading until I reach 100 BTC then store 99 then use the remaining 1BTC again for trade.
Surely you will become reach if you will able to have 100 btc from trading, you just need to be patient in your plan because in trading, You are not just even investing to money but also your time is also an investment. There is going to be some variance among traders in terms of what percentage of their portfolio they are willing to trade or willing to liquidate (maybe even with plans to buy back in at a lower price). Cybertron00, you indicated about a 1% rate, which really seems quite low and maybe even a bit too petty to even be bothered with such. Actually I bought BTC between November 2013 and October 2015 without really doing any trading during that time, even though I did make some attempts at buying more at lower prices (which could be considered a kind of trading). In October 2015, I began to trade very small portions of my BTC (less than 1% was at risk while the price was still at relatively low levels). After I traded a while, my trading amount floated between about 2% and 8%. I think that currently I am at about 8%, and I have already set out a chart for myself that I can adapt, but if I consider the near term future price performance to be fairly bearish then I will trade (or sell) a higher level and if I consider the future near term price performance to be fairly bullish, then I will attempt to trade at the smaller end of whatever range I happen to be in at the moment, but generally tends to be quite a bit larger than 1% unless I were to be considerably bullishish at the moment or for other reasons feeling a need to conserve my BTCs. Surely, if you consider a rang |
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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beastmodeBiscuitGravy
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June 08, 2016, 04:33:35 AM |
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Well my plan to get rich with Bitcoin is that I use it in trading until I reach 100 BTC then store 99 then use the remaining 1BTC again for trade.
Surely you will become reach if you will able to have 100 btc from trading, you just need to be patient in your plan because in trading, You are not just even investing to money but also your time is also an investment. There is going to be some variance among traders in terms of what percentage of their portfolio they are willing to trade or willing to liquidate (maybe even with plans to buy back in at a lower price). Cybertron00, you indicated about a 1% rate, which really seems quite low and maybe even a bit too petty to even be bothered with such. Actually I bought BTC between November 2013 and October 2015 without really doing any trading during that time, even though I did make some attempts at buying more at lower prices (which could be considered a kind of trading). In October 2015, I began to trade very small portions of my BTC (less than 1% was at risk while the price was still at relatively low levels). After I traded a while, my trading amount floated between about 2% and 8%. I think that currently I am at about 8%, and I have already set out a chart for myself that I can adapt, but if I consider the near term future price performance to be fairly bearish then I will trade (or sell) a higher level and if I consider the future near term price performance to be fairly bullish, then I will attempt to trade at the smaller end of whatever range I happen to be in at the moment, but generally tends to be quite a bit larger than 1% unless I were to be considerably bullishish at the moment or for other reasons feeling a need to conserve my BTCs. Surely, if you consider a rang  Is this you JayJuanGee? |
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Doms
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June 08, 2016, 06:06:43 AM |
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Buy a lot when the price pulls back and hold them till you think the returns are enough to consider yourself rich. While you are buying, try also trading but only trade that which you can afford to lose. Have a long term plan on holding and trading, as riches don't come to you overnight.
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JayJuanGee
Legendary
Offline
Activity: 3724
Merit: 10296
Self-Custody is a right. Say no to"Non-custodial"
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June 08, 2016, 06:33:19 AM |
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Well my plan to get rich with Bitcoin is that I use it in trading until I reach 100 BTC then store 99 then use the remaining 1BTC again for trade.
Surely you will become reach if you will able to have 100 btc from trading, you just need to be patient in your plan because in trading, You are not just even investing to money but also your time is also an investment. There is going to be some variance among traders in terms of what percentage of their portfolio they are willing to trade or willing to liquidate (maybe even with plans to buy back in at a lower price). Cybertron00, you indicated about a 1% rate, which really seems quite low and maybe even a bit too petty to even be bothered with such. Actually I bought BTC between November 2013 and October 2015 without really doing any trading during that time, even though I did make some attempts at buying more at lower prices (which could be considered a kind of trading). In October 2015, I began to trade very small portions of my BTC (less than 1% was at risk while the price was still at relatively low levels). After I traded a while, my trading amount floated between about 2% and 8%. I think that currently I am at about 8%, and I have already set out a chart for myself that I can adapt, but if I consider the near term future price performance to be fairly bearish then I will trade (or sell) a higher level and if I consider the future near term price performance to be fairly bullish, then I will attempt to trade at the smaller end of whatever range I happen to be in at the moment, but generally tends to be quite a bit larger than 1% unless I were to be considerably bullishish at the moment or for other reasons feeling a need to conserve my BTCs. Surely, if you consider a rang Is this you JayJuanGee? Hahahahahaha.....  Are you trolling? My tone is quite different from that person's (i'm not feeling desperate and loss, and that's not really my style so far in life, anyhow), and my strategy has been somewhat different, even though we have seem to have very similar starting points. Yes, I did start buying at $1,200, and my first purchase was about 1.24 BTC at $1,200 (which was $1,500) to get some skin in the game. Thereafter I continued to buy on a regular basis between then and now, as I already stated and started to trade in October 2015, as I also stated. My average price per BTC in January 2015 was about $550, even though the price was then about $300 and dropped a bit below $200 through the year. My average price per BTC in October 2015 was about $502, and initially when I began trading my average price per BTC went up (I cannot recall exactly but maybe to around $513 per BTC), because as you may realize I was then beginning to sell below my average costs, but when I bought and sold several times (even during the beginning of that bull market) little by little I have not only been able to bring down my average cost per BTC (currently about $467), I was also able to stack up a pretty decent amount of fiat on the side in order to prepare for downside price fluctuations (which seems to be quite common in bitcoinlandia). Currently, my stack of BTC and fiat is floating at about 92% BTC and 8% fiat in my BTC trading portfolio (which is the totality of all my BTC accounts and fiat that is already dedicated towards BTC). What's your story, beastmodeBiscuitGravy, do you have any bitcoins or are you here merely to point out possible contradictions within the personal renditions of other posters? |
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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Ulloa
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June 08, 2016, 08:12:33 AM |
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It is not that easy to be rich with Bitcoin and that is because you have to choose the right moment to sell it and that is important but of course it will be nice if you can earn some money.
The only thing is that you cant know what is going to happen and that is the most risky thing also.
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Realetim
Newbie
Offline
Activity: 30
Merit: 0
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June 08, 2016, 08:15:41 AM |
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My plan is very simple. I just buy and hold the bitcoin. I bought some in early 2013. I also bought some in July last year.
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novemberwoah
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June 08, 2016, 09:07:20 AM |
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My plan is very simple. I just buy and hold the bitcoin. I bought some in early 2013. I also bought some in July last year.
Yes it was nice. But you have to try many methods exist to obtain bitcoin because it is very easy method. |
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redsun114
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June 08, 2016, 09:55:21 AM |
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My plan is very simple. I just buy and hold the bitcoin. I bought some in early 2013. I also bought some in July last year.
But if you provide any services with the bitcoin then the chances of getting rich with bitcoin is more. Simply we can say if you get more bitcoin than the quicker we can become rich. |
| ..Stake.com.. | | | ▄████████████████████████████████████▄
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genos
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June 08, 2016, 10:07:26 AM |
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I don't have a plan to get rich with btc. I don.'t think that the btc price will rise so much, it could also rapidly fall down, so it us very risky.
Don't be pessimistic dude, the fluctuation price of bitcoin is change significantly every hour's you can use that condition to get profit, although only small amount but it's better than just wait the price rise in the long time. |
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Cyaren
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June 08, 2016, 10:13:58 AM |
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Assuming bitcoins are indeed profitable, I'll hoard some by mining and probably invest it in somewhere trustworthy.
But while I don't have the mining tools I'm just earning by gambling lol.
Yeah, investing in bitcoins itself plus investing in something that is trustworthy and profitable. However, look out for obvious ponzi schemes that will scam you out of all your hard earned cash. But gambling... Should not be considered as an income source. It can be fun, but it's not profitable in the long run. |
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Imoote
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June 08, 2016, 10:46:48 AM |
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I don't have a plan to get rich with btc. I don.'t think that the btc price will rise so much, it could also rapidly fall down, so it us very risky.
Don't be pessimistic dude, the fluctuation price of bitcoin is change significantly every hour's you can use that condition to get profit, although only small amount but it's better than just wait the price rise in the long time. Absolutely it was a very reasonable price fluctuations occur. I believe I can get a lot of advantages in bitcoin in many ways. Continues to collect do not ignore the price. |
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LondonHasFallen
Newbie
Offline
Activity: 1
Merit: 0
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June 08, 2016, 10:48:10 AM |
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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.  you can join any compaign and then you can write qoute and reply you can easily earn money by bitcointalk |
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janggernaut
Legendary
Offline
Activity: 2366
Merit: 1130
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June 08, 2016, 10:53:10 AM |
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gambling and trading alt coins and sell it all to btc when the price still high
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gtglener
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June 08, 2016, 10:54:47 AM |
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It is not that easy to be rich with Bitcoin and that is because you have to choose the right moment to sell it and that is important but of course it will be nice if you can earn some money.
The only thing is that you cant know what is going to happen and that is the most risky thing also.
I think it is much easy to be rich with bitcoin, te main thing for becoming rich with bitcoin is that you have to struggle hard for earning bitcoins online and after that you should have to increase the span of earning with different ways like to start some small businesses etc. |
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Oralmat
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June 08, 2016, 11:07:48 AM |
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It is not that easy to be rich with Bitcoin and that is because you have to choose the right moment to sell it and that is important but of course it will be nice if you can earn some money.
The only thing is that you cant know what is going to happen and that is the most risky thing also.
It is like a business, if you have a already money, than you invest it in bitcoins, or trading so that a good plan to get rich with bitcoins. But if you start the earning from bitcoins, i mean if you are doing a work and then you earn bitcoins like here, we are doing a work in Bitcointalk and then we are earning the bitcoins, it is a difficult to get rich with bitcoins. |
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JayJuanGee
Legendary
Offline
Activity: 3724
Merit: 10296
Self-Custody is a right. Say no to"Non-custodial"
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June 08, 2016, 11:58:52 AM |
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My plan is very simple. I just buy and hold the bitcoin. I bought some in early 2013. I also bought some in July last year.
But if you provide any services with the bitcoin then the chances of getting rich with bitcoin is more. Simply we can say if you get more bitcoin than the quicker we can become rich. I agree with your overall sentiment that the more you accumulate bitcoin, the better are the possibilities that you are going to earn good return on the bitcoin as compared with holding your earnings in other investment assets. Regarding your point about earning in bitcoin, that part does not matter hardly at all. The main thing is living within your means and converting fiat to BTC at a reasonable rate that you are accumulating BTC, not overdoing your investment in BTC to such a level that you are forced to withdraw during dips.. in other words don't invest more than your projected cost of living in order that you have sufficient cash flow and that you are the one that determines when, if or the amount of BTC you convert back into fiat. |
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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mishra1994u
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June 08, 2016, 12:47:27 PM |
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My plan is to earn as much as possible until a big price increase. When this will happen, I will invest it in profitable bussinesses. I can also wait a (really) long time to see a huge price increase.
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bamboylee
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June 08, 2016, 03:53:53 PM |
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Assuming bitcoins are indeed profitable, I'll hoard some by mining and probably invest it in somewhere trustworthy.
But while I don't have the mining tools I'm just earning by gambling lol.
You will never earn thru gambling. It is a lost cause to use gambling as a source of income. You can win every now and then but the total amount you bet will always be more than what you win. You will be just wasting time and money in it. |
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zimmah
Legendary
Offline
Activity: 1106
Merit: 1005
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June 08, 2016, 05:58:57 PM |
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Just holding should be enough for the most part, but to ensure I get a bit of income I also invest a bit in several popular gambling websites.
If any other profitable investments that pa out n bitcoin exist, I try to invest a bit in those too. As long as they don't look like scams and the business model seems legit and profitable.
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