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Author Topic: What is your plan to get rich with Bitcoin?  (Read 265795 times)
sishendaoye
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January 10, 2016, 03:29:23 PM
 #61

Everyone wants to be and get rich of course. Nobody would want to live a life where they would have to be worrying about money all the time and how to pay bills on time. Not everyone reaches this in their lifetime. You don't necessarily need to be rich to not to have to worry about money. I'm not so focused on getting rich and getting all the money or bitcoins in the world. I just want to live a life where I don't have to worry about money and the things I wrote in the above. 
HarryKPeters
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January 10, 2016, 03:32:33 PM
 #62

just like you to collect 100 BTC and wait bitcoin prices above $1000 for selling all my bitcoin Cheesy



Sounds like a good plan but there are plenty of ways to keep your btc while expanind it.
Try lending it for example.

Another good option is to try short term trading.

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January 10, 2016, 03:33:41 PM
 #63

I dont want to be greedy Cheesy, If the price reached 10K USD and i have 2 btc, i will be satisfied because when i exchange them to my local currency it will be a good ammount that i can live with.
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January 10, 2016, 03:43:15 PM
 #64

my plan is joining signature campaign here on this bitcointalk.org by posting more to get maximum paid. and raise my activity every 2 weeks. and also i bet for fun if win i withdrawal.
I also want to do what you want to do by doing sig campaign and posting as much as i can but it is very hard to me to do that for many reasons and gambling it is not my choice and i never have an interested about it.
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January 10, 2016, 04:20:26 PM
 #65

Does this dream still be the reason to be at bitcoin?I doubt the most and a well know person already knows thats this is impossible,sure bitcoin can achive big values,but currently bitcoins is generating a good return to the most.Sure bitcoin can be worth 10x then todays,but wont make people get rich.
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January 10, 2016, 04:21:17 PM
 #66

I have been taking part in bitcoin trading which entails mining, buying and selling the bitcoins with the aim of getting profit from the whole operation. After collecting enough bitcoins, I want to channel all the returns to the real estate. I will not keep on trading and fighting the prices of the coins forever and I therefore need to have an investment that will be bringing me an income that is constant. I am sure reaching at that point, I will have become rich enough thanks to the bitcoins.
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January 10, 2016, 04:28:21 PM
 #67

Does this dream still be the reason to be at bitcoin?I doubt the most and a well know person already knows thats this is impossible,sure bitcoin can achive big values,but currently bitcoins is generating a good return to the most.Sure bitcoin can be worth 10x then todays,but wont make people get rich.

Yes, bitcoin has always been very fascinating and promising way to upgrade ourselves financially, i too believe in this. for now I just focus on accumulating as much bitcoin as I can. Then just wait and see how and where the bitcoin price rise can get me to, hopefully a millionaire.
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January 10, 2016, 04:57:57 PM
 #68

Most people seem to want to be a fiat millionaire... I do not know if I want to be like them... Once you convert back to fiat, you are once again investing in a failing system. We

should just grow our bitcoin holdings and once the value increase... start buying assets. You should keep hoarding some bitcoins to enable you to buy and pay with bitcoins for

products and services. The conversion to fiat just weaken the Bitcoin ecosystem and you lose some value due to the fees that needs to be paid to a 3rd party. 

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January 10, 2016, 05:02:35 PM
 #69

Most people seem to want to be a fiat millionaire... I do not know if I want to be like them... Once you convert back to fiat, you are once again investing in a failing system. We

should just grow our bitcoin holdings and once the value increase... start buying assets. You should keep hoarding some bitcoins to enable you to buy and pay with bitcoins for

products and services. The conversion to fiat just weaken the Bitcoin ecosystem and you lose some value due to the fees that needs to be paid to a 3rd party. 

Yes, but for this to work Bitcoin has to be accepted in many more places than it is right now. At the moment there is a good trend for bitcoin, but we will see if it can rise to replace the fiat money.
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January 10, 2016, 05:14:06 PM
 #70

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
It's not going to be easy for a guy from a 3rd world country to gather 100 BTC. This plan sounds a lot like this, to me.
Phase one: Gather 100 BTC
Phase two: ?????
Phase three: Profit.

Except it's not phase two that is properly unknown but phase one that I don't get how they're planning to achieve.
But yeah. Why not.

As for me, I'm playing faucet games. That's my plan to get rich. Oh yeah. I'm not in a hurry. Mao Tzedong said that the old fool who wants to move a mountain can do so, provided that he has enough time. Watch out, for in a millenium or two I'll be a bitcoin millionaire because of faucets.
Quote
with less people mining, then the offer decreses and the price goes up!
I don't quite get your logic there: with less people mining the mining difficulty decreases, which brings in more miners. That's all you can say. But the offer is not supposed to move.

This adjustment is not automatic and takes time to correct.
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January 10, 2016, 07:13:02 PM
 #71

hold them and wait then cash in. easy money Grin
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January 10, 2016, 07:23:17 PM
 #72

My plan to get rich with bitcoin is to run 10 ANtminers U2 to solo mine BTC. 10 ants U2 can be bought at extremelly low prices. Once I found a block (If I ever) I'll be rich!
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January 10, 2016, 07:26:59 PM
 #73

My plan to get rich with bitcoin is to run 10 ANtminers U2 to solo mine BTC. 10 ants U2 can be bought at extremelly low prices. Once I found a block (If I ever) I'll be rich!
I don't think that one block will make you rich. U should run a big farm and at a cheap electricity rate in order to get rich, people that began mining in the beginning period of btc, they must be rich by now Smiley

You don't pay enough.
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January 10, 2016, 08:13:07 PM
 #74

My plan to get rich with bitcoin is to run 10 ANtminers U2 to solo mine BTC. 10 ants U2 can be bought at extremelly low prices. Once I found a block (If I ever) I'll be rich!

Dream castles fade away,

Good luck with finding a block with 10 antminers,
Right now you need around 1ph/s of power to find a block in 48 hours.

Your chances are so ASTRONOMICALLY low. I can guarantee that it won't happen. Even if it does happen it would probably take like 10 years with those antminers; and you would still be paying more for electricity than the block you find.

A highly stupid idea.

zabisux
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January 10, 2016, 08:22:21 PM
 #75

I am not very sure how to get rich with it. I just wanted to join the train because it sounds logical.



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shogdite
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January 10, 2016, 10:14:12 PM
 #76

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
Your guy has a nice plan. If he lives in a 3rd world country but is it even possible for him to earn 100bitcoin and if he did would he not need to spend them to live. Alot of dreaming is strong in him, 5k bitcoin hmmm ok. I dont have any set amount of bitcoins in mind and i am not here to get rich. Why waste your time with dreaming of possibilities of getting rich from bitcoin. Wasted energy is why i wouldnt dream of that.


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January 10, 2016, 10:18:23 PM
 #77

Above all i hope to hold enough bitcoin this year to stop the daily trading.
When i got around 50 BTC i will wait and hold for a better day.
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January 10, 2016, 10:51:48 PM
 #78

My plan to get rich with bitcoin is to run 10 ANtminers U2 to solo mine BTC. 10 ants U2 can be bought at extremelly low prices. Once I found a block (If I ever) I'll be rich!

Dream castles fade away,

Good luck with finding a block with 10 antminers,
Right now you need around 1ph/s of power to find a block in 48 hours.

Your chances are so ASTRONOMICALLY low. I can guarantee that it won't happen. Even if it does happen it would probably take like 10 years with those antminers; and you would still be paying more for electricity than the block you find.

A highly stupid idea.

UOW, that was a strong answer rsrs

I see many people investing in mining without making the proper calculations, as if it was a lottery you play and win for sure. Well, btc is not that.
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January 11, 2016, 01:38:19 AM
 #79

I dont think that i can get rich in bitcoin since im just a normal bitcoiner. Im just earning bitcoin to buy gadgets, snacks, clothes. You can only get rich in bitcoin if you own gambling site and your early adopter of btc or lucky enough in gambling.
i dont think so, you can still be a rich man by any means, you will become rich if you have a resilient nature and unyielding,
hard work is the key,
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January 11, 2016, 02:45:36 AM
 #80

I am a poor sucker and am still working on getting one full Bitcoin at the moment. I don't really have a plan to get rich by Bitcoin, but I think I'm just going to accumulate it and see where the price goes.  if I lose it all, I'm only using funds I can afford to lose.

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