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Author Topic: What is your plan to get rich with Bitcoin?  (Read 265784 times)
VerdinaNET
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July 09, 2016, 08:09:04 AM
 #2861

In my opinion using the bitcoin as an investment is the best plan to get rich.

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July 09, 2016, 08:24:34 AM
 #2862

waiting for a few amounts of bitcoin to go up then hopefully buy a established business. i tried to lend my loans to members over on this website and no one seems to apply. I hope someone can come up with innovative ways on increasing bitcoins
Yes maybe it can run the business as if it was successful here and will certainly be rich. But maybe if you want rich in bitcoin we can create websites such as gambling or trade. I'm sure many people are interested and can get a lot of advantages.
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July 09, 2016, 08:26:40 AM
 #2863

In my opinion using the bitcoin as an investment is the best plan to get rich.
Using bitcoin just an investment like buying it and just keeping holding and doing nothing, i think it won't make you rich in a faster way because you need a lot of time and patience on waiting for the price to rise at least double from your purchased price to be able to say that you earn good amount of money.

It's better if you use your bitcoin now to try other ways of earning money like trading because it's much safer than investing on HYIPs or other scam sites but be careful and study first before you try that Wink.
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July 09, 2016, 10:54:41 AM
 #2864

I'm just trying to accumulate as much as I can through trading and a signature campaign. It's really hard to do with the price so high right now. If the price doesn't go up quickly then we still have tome to gain some to hold on to for long term.

Me too. my ways of getting bitcoin are same as you. trading and participating in signature campaign. and I don't think I could become rich with these low amount of earning. but I am happy because I am able to complete my daily life needs and supporting my family little bit.
hope one day I'll get a better chance to earn and become rich.
signature campaigns can help your in spending from other like tuition fee , daily food , bills it can helps a little but its a big for your daily life you can your own money.

Yes you are right but it cannot make help you rich. If you are going to depend with signature campaign and you want to be rich.
Signature campaign is not the best way for it.
I will just believe that someone can be rich with bitcoin if he is a good trader.


Yes.   

Trader with a goal of accumulating BTC.. and to allow some of that appreciation of the accumulated BTC to drive the increasing of the wealth.

You just need to be good at it and you need to always monitor the fluctuation of price of the alt coins you are going to buy.
And that is really going to be good if you are going to study first and be a good trader.

I think that you can begin with very small amounts and learn, and you do not necessarily need to delve into various alt coins and to complicate  the matter with alt coins.  Bitcoin is a handful in and of itself to learn how to trade bitcoin with accumulation strategies and principle preservation strategies and to get better and better at it without gambling too much in the process.

I have been employing a self-learned system that pretty much does not require gambling of my principle and that is selling on the way up and buying on the way down, and I only deal with BTC and don't try to over complicate matters... even though practicing does seem to pay off in order to get better and better at it and to stack up dollars and bitcoins in order to continue to be able to buy more as the price goes down and to be able to sell on the way up (without selling too much in order to always keep some stash of BTC)

You are right it is good to start out trading with just a small amount because you are going to able to manage that good or it is a good start so that if ever you loss your trading.
That's not going to be a big deal at all.

I think that my point is a bit different than what you are suggesting.

I am suggesting to start trading in small amounts, not because I would be worried about losing the whole thing because gambling is no way what I am suggesting to attempt.  I am suggesting that you can learn better with smaller amounts, and there is not as much pressure regarding leaving some of those small amounts on the table.  For example, the strategy is to stack up buying on the way down and selling on the way up... but sometimes the price is going to run in one direction or another or both much quicker and much further than you expect, and if you are playing with smaller amounts it is much easier to budget and not to run out of either dollars or BTC... but you gotta continue to tweak and to monitor and to plan and to learn by strategies that you employ.

In this regard, you do not bet all or nothing.. you bet with stacking and you don't give a shit if the price keeps going in one direction as long as you budget for such price movements in either direction.  So let's say for example, you only have $1000 and about 10 BTC.  If the price keeps going down, you may only feel comfortable buying less than $50 at a time and in $10 increments in order that you do not run out of money, if the price were to drop a couple hundred.  Also, as the price goes up, you may only want to sell up to $50 max, per every $10 the price goes up because that would be selling half of the profits (because with 10BTC, you have $10 profits for every $1 the price goes up, and $100 profits for every $10 the price goes up).  Anyhow, you can play around with your trading allocations in order that you are not gambling but you are still accumulating and protecting your portfolio by selling small amounts at comfortable intervals.

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July 09, 2016, 12:19:15 PM
 #2865

Im planning to start a business to help my life to be stable and i also want to promote bitcoin in my area because i think we are few using bitcoin here and i want to build big community to help the other wanting to be rich also.
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July 09, 2016, 12:27:04 PM
 #2866

I will invest bitcoin I have. I would trade in the world bitcoin. and investing in gold in the real world. it will generate. I believe.

Investment is good hope, but truly it has high risk if its a long term plan. Better is to find trusted users and lend getting right documents.
All growing methods bitcoin have own risk such as investing lend money to someone perhaps it would be more at risk in compare trading or investing in gold? who to trust with the people who need the money? lol
better trading. many people who are already wealthy from trade. like Geroge Soros maybe?



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July 09, 2016, 12:32:53 PM
 #2867

Getting rich with bitcoin is very hard but if Gods will that i will be rich with bitcoin im planning to travel and explore the world and i am looking for the country which i can easily mine bitcoin without any fees, and i build a business there and only i accept bitcoin as form of payment.
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July 09, 2016, 12:38:55 PM
 #2868

Plan to get rich with bitcoins is to hold bitcoins at least for 20-30 years, just it. Easy and simple.
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July 09, 2016, 12:40:59 PM
 #2869

i am earning just a little bit with bitcoins with signature campaign .I tried gambling to get rich but failed in that and even lost some amounts. Right now i have no plan just gaining experienced in bitcoins and may be i could find a way to get rich as well one day Wink
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July 09, 2016, 12:42:42 PM
 #2870

Plan to get rich with bitcoins is to hold bitcoins at least for 20-30 years, just it. Easy and simple.
holding for 20-30 years its really no simple man ..i could understand 2-3 years but that much time is just follishness..even if i get rich after 30 years from now on..that would not mean to me because i will loose my half life till then
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July 09, 2016, 12:50:12 PM
 #2871

Getting rich with bitcoin is very hard but if Gods will that i will be rich with bitcoin im planning to travel and explore the world and i am looking for the country which i can easily mine bitcoin without any fees, and i build a business there and only i accept bitcoin as form of payment.
Honestly its not only gods will it needs working hard and savings and how you mange your bitcoin.. if you really want to be rich just looking for a source of bitcoin where you can get bitcoin and earn it and save it dont spend just to save all your bitcoin in safe places and convert it when the price of bitcoin is high and convert it again back to bitcoin when the price of bitcoin is low..
Doing this every year i think you have a good future..
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July 09, 2016, 01:02:51 PM
 #2872

I already gave up on my dream of making millions out of BTC.
Because you cannot earn a lot without risking something first.

Then you have no chance to be rich because you already gave up. If you can't get millions then do thousands. The key is to never give up. As long as you are doing something to achieve your goals, there will be a time you will achieve it. But if you give up, then there is no chance at all.
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July 09, 2016, 01:04:26 PM
 #2873

My main plan is to do many bitcoin activities in one moment.
I mean generating profit as much as i can from many sites,and doing it as fast as i can so i will probably get rich
in 10 years here haha Grin
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July 09, 2016, 01:39:40 PM
 #2874

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

Doesn't sound like a bad idea. But I'd prefer doing something more actively rather than cold storing btcs, I'd rather buy that amount and then trade them daily on some online exchange.
For those of you who wanna make money a little quicker, buy some btc before the halving and sell in October.
You'll thank me.
Or maybe invest them, simply collecting bitcoins and storing them is not the worst idea but surely not the best one too. So, better to invest bitcoins in something where you see huge profits or even if smaller profits but steady. But overall, stedy income is better than one time of huge profits.
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July 09, 2016, 01:47:15 PM
 #2875

I already gave up on my dream of making millions out of BTC.
Because you cannot earn a lot without risking something first.

Then you have no chance to be rich because you already gave up. If you can't get millions then do thousands. The key is to never give up. As long as you are doing something to achieve your goals, there will be a time you will achieve it. But if you give up, then there is no chance at all.


You're right. Thank you. But maybe dreaming big right away is bad for me because I get frustrated easily.
I'm gonna do it step by step now like aiming for thousands before aiming for millions.
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July 09, 2016, 02:15:46 PM
 #2876

In my opinion using the bitcoin as an investment is the best plan to get rich.
but the investment is having some form or way. you can use it for investment without know about they way you can make the investment.
That's easy to say investment the best plan to get rich but different with reality it's too difficult to do this.

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July 09, 2016, 02:55:13 PM
 #2877

Plan to get rich with bitcoins is to hold bitcoins at least for 20-30 years, just it. Easy and simple.
I dont know is it easy because you will get rich (maybe,we dont know) after
20-30 years,that is a lot of time...
My plan is just to do sig campaining,and invest all money i got into good % investments,trade etc.
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July 09, 2016, 03:36:33 PM
 #2878

Plan to get rich with bitcoins is to hold bitcoins at least for 20-30 years, just it. Easy and simple.
I dont know is it easy because you will get rich (maybe,we dont know) after
20-30 years,that is a lot of time...
My plan is just to do sig campaining,and invest all money i got into good % investments,trade etc.
Thats is a good way but the problem is how you can save your earnings from signature campaign and invest your money into bitcoin into safe place?
If you are just holding it in your wallet until 20 years.. it can be risky because we dont know what will happen in the future.. and  also maybe your wallet maybe down.. but if you have bitcoincore to your desktop maybe its safe that you can hold it for a long time..
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July 09, 2016, 03:37:52 PM
 #2879

I plan to get some bitcoin to put into an alt coin then pray that it survives for more than 6 months.  Smiley
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July 09, 2016, 03:41:33 PM
 #2880

That could hardly happen in near future, I mean to see the price go to the 5k.
agree with you and you are right it could hardly in near future in really that price will go to the 5k .
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