What is your plan to get rich with Bitcoin?

[Cointje]

Just hold and lean back

[Ryananda]

I don't really have a plan to getting rich, I wasn't thinking about getting a lot of BTCitcoins and trading with them. I mainly got to Bitcoin because I don't have a credit card yet. So I'm using Bitcoin for online shopping. Maybe I'll make some plan or something, but now I'm focused on having a steady profit every day.

No need to use a credit card to monetize bitcoin, we simply atm. Bitcoin really could give us an advantage. Yes very true, very good focus to collect and can be made rich. I'm sure a long time will be even greater income, there are many methods that we can use here.

[martinacar]

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.

I also do not plan on getting rich with Bitcoin, it will be great if I could become rich but I am happy with the way it is right now. Working a normal day job and doing Bitcoin on the side.

[delliaerd]

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.

I also do not plan on getting rich with Bitcoin, it will be great if I could become rich but I am happy with the way it is right now. Working a normal day job and doing Bitcoin on the side.

I also looking for bitcoin in my spare time after i doing my obligation activities as office worker, and that little income from signatures campaign i got enough to complete some bill. But there's my friend who make bitcoin as living and getting rich with that slowly.

[jak1]

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.

I also do not plan on getting rich with Bitcoin, it will be great if I could become rich but I am happy with the way it is right now. Working a normal day job and doing Bitcoin on the side.

But if you ask me I would say that making a plan and thinking about future is must, everyone should have a plan for his future, not a plan to get rich and billionaire but at lease we should safe some money for future if by chance we lose our job, then what will we do? we should think about everything.

[novemberwoah]

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.

I also do not plan on getting rich with Bitcoin, it will be great if I could become rich but I am happy with the way it is right now. Working a normal day job and doing Bitcoin on the side.

I also looking for bitcoin in my spare time after i doing my obligation activities as office worker, and that little income from signatures campaign i got enough to complete some bill. But there's my friend who make bitcoin as living and getting rich with that slowly.

Indeed bitcoin can also create rich and can make us have a lot of bitcoin. But just like you, I would rather work in the world a reality. And bitcoin only as an adjunct to earn income.

[DuckKeeper]

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. 

I do not have any plans on getting rich especially not with Bitcoins. If it happens then I am blessed but I am not aiming to become a millionaire in life. As long as I can do what I want to do I m good.

[KaliLinux]

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. 

I do not have any plans on getting rich especially not with Bitcoins. If it happens then I am blessed but I am not aiming to become a millionaire in life. As long as I can do what I want to do I m good.

Well am not sure that we can get richer by BTC. If we do some biz here like signature campaign, mining, faucets etc. we can able to manage some part finance problem in personal or if i hold some more accounts with campaign and posting in daily basis means i can manage some more. But getting richer is doubtful.

[JayJuanGee]

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. 

I do not have any plans on getting rich especially not with Bitcoins. If it happens then I am blessed but I am not aiming to become a millionaire in life. As long as I can do what I want to do I m good.

Well am not sure that we can get richer by BTC. If we do some biz here like signature campaign, mining, faucets etc. we can able to manage some part finance problem in personal or if i hold some more accounts with campaign and posting in daily basis means i can manage some more. But getting richer is doubtful.

You are very unlikely to get rich by considering only income that you can make from bitcoin, such as signature campaigns, mining and faucets... ... but instead how to convert and to stack away all sources of income into bitcoin and thereby attempt to live without lavishness while you are accumulating bitcoins.

Who knows exactly how many bitcoins you are going to need to accumulate to be "rich"

My initial goal, a couple of years ago was to accumulate 30 BTC, and I thought that was reasonable for me and my finances (and now I have accumulated more than 30BTC).. but some folks may consider whether their personal goal would be 10 BTC, 20BTC, 100BTC or some other quantity, depending on their personal financial circumstances...

I think that the main goal should be to attempt to accumulate BTC, whether that leads to riches or not, it will likely be a decent long term plan (because BTC has a lot of decent long term fundamentals that have decent odds to create continued price appreciation), and if you seem fairly confident that BTC prices goes up more quickly than it can be sustained and the price is fairly certain to to come back down at least 10% or more, then maybe in those kinds of situations, it would be a decent idea to take some chances and to cash out a portion (not all) of your BTC holdings and to attempt to buy back BTC for lower prices at various relatively safe lower price increments (always maintaining the goal of accumulating BTC.. while protecting your total investment from some of the downside price risks).

[blackmachinegun]

My plan is the accumulate slow steady bitcoins through cloud mining and faucets. Ill slowly reinvest into powers into cloud mining, hopefully bring in passive income for some time. I think bit coin will continue to rise for the next couple years so cloud mining passively seems very lucrative. Nothing to get rich fast. But a good long term investment point of view.

it is a good thing. but do not make passive income as main income dude. because it would only prolong you in becoming rich ?
so look for a job that gives you a monthly salary or weekly. it would have been better and use also manage money dude

[ronaldo40]

My plan is the accumulate slow steady bitcoins through cloud mining and faucets. Ill slowly reinvest into powers into cloud mining, hopefully bring in passive income for some time. I think bit coin will continue to rise for the next couple years so cloud mining passively seems very lucrative. Nothing to get rich fast. But a good long term investment point of view.

it is a good thing. but do not make passive income as main income dude. because it would only prolong you in becoming rich ?
so look for a job that gives you a monthly salary or weekly. it would have been better and use also manage money dude

to become rich with bitcoin, at least we should be able to make a profit in the short term, such as trade and signature campaign, and do not hold too long, because it is uncertain.

[richardsNY]

My plan is the accumulate slow steady bitcoins through cloud mining and faucets. Ill slowly reinvest into powers into cloud mining, hopefully bring in passive income for some time. I think bit coin will continue to rise for the next couple years so cloud mining passively seems very lucrative. Nothing to get rich fast. But a good long term investment point of view.

Don't invest your money stuck into cloud mining. I guess that at this point everyone knows that the cloud mining industry is full of scam sites. I hope you know what you are doing.

[novemberwoah]

My plan is the accumulate slow steady bitcoins through cloud mining and faucets. Ill slowly reinvest into powers into cloud mining, hopefully bring in passive income for some time. I think bit coin will continue to rise for the next couple years so cloud mining passively seems very lucrative. Nothing to get rich fast. But a good long term investment point of view.

Don't invest your money stuck into cloud mining. I guess that at this point everyone knows that the cloud mining industry is full of scam sites. I hope you know what you are doing.

Yes no clouds on mining, the other methods are also many websites that scam. We should be aware of it so that we are not deceived. We must often choose well.

[lalala123456]

My plan is to open a bitcoin advertising company.. Coming soon!

[sobsitesearch]

My plan is to open a bitcoin advertising company.. Coming soon!

Wow that is good, to get more people will use bitcoin.
We all are benefited of this plan you need to pursue this.
For me i build a business which is exclusive for bitcoin users hehehe

[jhenfelipe]

My plan is the accumulate slow steady bitcoins through cloud mining and faucets. Ill slowly reinvest into powers into cloud mining, hopefully bring in passive income for some time. I think bit coin will continue to rise for the next couple years so cloud mining passively seems very lucrative. Nothing to get rich fast. But a good long term investment point of view.

Don't invest your money stuck into cloud mining. I guess that at this point everyone knows that the cloud mining industry is full of scam sites. I hope you know what you are doing.

That's true. If you really want to invest on cloud mining sites, just be sure that you do not invest all your bitcoin in just one mining site. There's also a risk on investing, so you must look out for a good site. And ofcourse you must save some of your bitcoin, because most of the mining sites shutdown or turned into scam as time passes by. Also think of any other option aside from cloud mining and faucets, there are many other ways out there to earn bitcoin.

[simplelisten]

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. 

Have I high rank member and join big time campaign signature.

[JayJuanGee]

My plan is the accumulate slow steady bitcoins through cloud mining and faucets. Ill slowly reinvest into powers into cloud mining, hopefully bring in passive income for some time. I think bit coin will continue to rise for the next couple years so cloud mining passively seems very lucrative. Nothing to get rich fast. But a good long term investment point of view.

it is a good thing. but do not make passive income as main income dude. because it would only prolong you in becoming rich ?
so look for a job that gives you a monthly salary or weekly. it would have been better and use also manage money dude

to become rich with bitcoin, at least we should be able to make a profit in the short term, such as trade and signature campaign, and do not hold too long, because it is uncertain.

You have to make a choice about whether you consider bitcoin to be a long term profitable investment, and you also need to consider its likely ongoing volatility.

If you come to the conclusion that bitcoin is a good long term investment, then it is not logical to get very obsessed with selling large portions of your holdings.  Maybe you can sell 10% to 50%, but if you believe it to be a long term investment, you should continue to hold a considerable portion of it, even when the price is going both up and down, because otherwise you may well make the mistake of selling too many too soon.

On a personal level, I may be a bit more invested in bitcoin than I am comfortable, and therefore I engage in an active monitoring and selling bitcoin as the price goes up - but still I do not sell more than 8% currently, and my plan is only to sell less than 40% even if prices were to go to $5k-ish in the coming years... but so far, I have been buying back BTC with those proceeds, as well... so it is good to have money on both ends, even though you need to continue to monitor the price under those kinds of conditions... and when BTC is likely to continue to be volatile.

[OrangeSeller]

Have i high rank member and join big time camp signature.

First you should learn how to write what you want to say.. buying a high rank account with this posting attitude would not be good for you. you are just a newbie, better to read about bitcoin and related things and try tho rank up your own account. instead of getting another high rank account here.

[julian071]

My plan is the accumulate slow steady bitcoins through cloud mining and faucets. Ill slowly reinvest into powers into cloud mining, hopefully bring in passive income for some time. I think bit coin will continue to rise for the next couple years so cloud mining passively seems very lucrative. Nothing to get rich fast. But a good long term investment point of view.

Don't invest your money stuck into cloud mining. I guess that at this point everyone knows that the cloud mining industry is full of scam sites. I hope you know what you are doing.

That's true. If you really want to invest on cloud mining sites, just be sure that you do not invest all your bitcoin in just one mining site. There's also a risk on investing, so you must look out for a good site. And ofcourse you must save some of your bitcoin, because most of the mining sites shutdown or turned into scam as time passes by. Also think of any other option aside from cloud mining and faucets, there are many other ways out there to earn bitcoin.

There are no profitable cloudmining companies anymore. There are legit ones such as Genesis Mining, but they will end up costing you money instead of generating money, especially if you 'invest' (haha) in SHA256-mining. Mining ETH in the cloud is slightly profitable, but it will stop doing so when the ETH price goes down. And if you are of the opinion that the ETH price will go up, you're better off just buying some ETH and waiting for it's value to increase. Not only more profitable but much safer too, as you can cut your losses any time you please.

I personally made quite a lot of money through pre-paid contracts at megamine.com. I lost quite a lot at genesis-mining.com.

As for the OP, the best way to get rich with BTC is to start a company offering a service that makes BTC easier to use. A friend once told me, when gold fever breaks out, you'd better be the one selling shovels.

Another way is to speculate successfully. But that's ultimately quite a gamble, especially since you'd need a big starting capital to have big gains. I'm trying going down this road, loaned some money, doubled the fiat-value so far, hoping to double again soon by selling BTC for altcoins at what I will have to guess is about the top of the value of BTC say a month or two months after the halving, then buying back in a month later. Risky tho.