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Author Topic: What is your plan to get rich with Bitcoin?  (Read 265842 times)
Aomine~
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June 08, 2016, 06:13:54 PM
 #2381

My plan is also quite simple ( especially for poor guy like me lol  Grin )

- Collect BTC for some faucet also from PTC's
- go for gambling casino or sportsbook
- If i profit .. i will be rich .. if i lose back to step 1  Cool
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June 08, 2016, 06:50:19 PM
 #2382

My plan is also quite simple ( especially for poor guy like me lol  Grin )

- Collect BTC for some faucet also from PTC's
- go for gambling casino or sportsbook
- If i profit .. i will be rich .. if i lose back to step 1  Cool
a good plan, but I think gambling will not make you rich, I would suggest to play a trade, we almost have a plan, but I do not plan to get rich from gambling, but from trade and investment. because I think gambling is too risky

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Aomine~
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June 08, 2016, 06:56:49 PM
 #2383

My plan is also quite simple ( especially for poor guy like me lol  Grin )

- Collect BTC for some faucet also from PTC's
- go for gambling casino or sportsbook
- If i profit .. i will be rich .. if i lose back to step 1  Cool
a good plan, but I think gambling will not make you rich, I would suggest to play a trade, we almost have a plan, but I do not plan to get rich from gambling, but from trade and investment. because I think gambling is too risky

Welp ... i didnt know much about trading ..do you know where i can find complete & well written guide for trading ? i think im interested but its look like so difficult .. do we have to learn numbers or binaries ? hahaa

also can you recommend me some trusted bitcoin trading platform ?? thanks in advance  Grin
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June 08, 2016, 07:23:17 PM
 #2384

My plan is also quite simple ( especially for poor guy like me lol  Grin )

- Collect BTC for some faucet also from PTC's
- go for gambling casino or sportsbook
- If i profit .. i will be rich .. if i lose back to step 1  Cool
a good plan, but I think gambling will not make you rich, I would suggest to play a trade, we almost have a plan, but I do not plan to get rich from gambling, but from trade and investment. because I think gambling is too risky

Welp ... i didnt know much about trading ..do you know where i can find complete & well written guide for trading ? i think im interested but its look like so difficult .. do we have to learn numbers or binaries ? hahaa

also can you recommend me some trusted bitcoin trading platform ?? thanks in advance  Grin

Start with real small numbers (maybe trading less than 1% of your BTC portfolio) and practice about how not to get too greedy.  As you get better at it, then you can understand more about the dynamics and to increase your amounts.... Don't worry about your past performance and that you could have made more money if you had been trading with more.  The most important thing is to figure out a profitable method that works no matter BTC's price direction, and then you can later apply that method, whether BTC prices are $100 per BTC or $10k per BTC.

I believe that I have a profitable method that I began practicing in October 2015.. and I have learned a lot during that time to continue to practice and to learn how to improve it in accordance with my own particular circumstances.  Currently, I am only trading between about 5% and 10% of my total BTC portfolio holdings, and my amount is so high, merely because there was more than 150% BTC price appreciation between when I started and now.

You can use arbitrage as well and I began trading only with accounts on, Circle, Coinbase, Local Bitcoins, BTC-e and Uphold, but as time went on I added Gemini, Bitstamp and Bitfinex.  You need to account for fees, too, so Uphold works pretty well for manually converting from BTC to USD and vice versa without fees (except there may be some fees when you get into bigger numbers or other assets that are on their platform)


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
Aomine~
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June 08, 2016, 07:27:39 PM
 #2385

My plan is also quite simple ( especially for poor guy like me lol  Grin )

- Collect BTC for some faucet also from PTC's
- go for gambling casino or sportsbook
- If i profit .. i will be rich .. if i lose back to step 1  Cool
a good plan, but I think gambling will not make you rich, I would suggest to play a trade, we almost have a plan, but I do not plan to get rich from gambling, but from trade and investment. because I think gambling is too risky

Welp ... i didnt know much about trading ..do you know where i can find complete & well written guide for trading ? i think im interested but its look like so difficult .. do we have to learn numbers or binaries ? hahaa

also can you recommend me some trusted bitcoin trading platform ?? thanks in advance  Grin

Start with real small numbers (maybe trading less than 1% of your BTC portfolio) and practice about how not to get too greedy.  As you get better at it, then you can understand more about the dynamics and to increase your amounts.... Don't worry about your past performance and that you could have made more money if you had been trading with more.  The most important thing is to figure out a profitable method that works no matter BTC's price direction, and then you can later apply that method, whether BTC prices are $100 per BTC or $10k per BTC.

I believe that I have a profitable method that I began practicing in October 2015.. and I have learned a lot during that time to continue to practice and to learn how to improve it in accordance with my own particular circumstances.  Currently, I am only trading between about 5% and 10% of my total BTC portfolio holdings, and my amount is so high, merely because there was more than 150% BTC price appreciation between when I started and now.




dayuumm ... thanks for explanation ... maybe i should try demo account first .. nah the real problem is majority of trading program is requiring deposit ... i cant lose my money with this ..but i will trying anyway ..thanks in advance  Grin
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June 08, 2016, 10:23:45 PM
 #2386

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.
Awesome if you buy bitcoin in 2013 and has not been sold until now? usually people can not hold bitcoin too long? they will sell when the pump in the day. only a few people who can be patient for many years. I'm not the type of person that patient. so I was very disappointed when my 5 bitcoin sell at a price of $497 some day ago Sad


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June 08, 2016, 11:13:52 PM
 #2387

I don't know what to say, i have no plan to get rich with bitcoin i think ,maybe i will get some money from halving and than i will create something but now i don't know.
me too i don't have plan to be rich in bitcoins , its just a part time and sideline job , i want to do real job cause i can get good money from that , you can't be rich in mining site.
I think you're wrong many of my friends who buy mining equipment antminer s7 with a large quantities. and they can produce a net gain of more than $ 50 per day. it has been reduced to pay for electricity and others. so actually you can become rich by any means if you have a good plan mate
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June 08, 2016, 11:59:42 PM
 #2388

I am planning that I can sell it later in the future with a lot of profit and that should be nice for me because the value of Bitcoin is also rising slowly and I already waited a long time.
But not everyone is hoping that the value will rise because some people want also make an investment with a low value.
you should be able to make a plan as detailed as possible? if you have plans to sell bitcoin in the future.
you should be able to write the target price you want to go. so you have goals in hold your bitcoin. it is a mature plan dude
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June 09, 2016, 01:16:03 AM
 #2389

I don't know what to say, i have no plan to get rich with bitcoin i think ,maybe i will get some money from halving and than i will create something but now i don't know.
I think you need a plan as a plan to get rich in real job? you need saving, managing storage and more. such as the plan to become wealthy in general ? the plan is important because it will determine the course for you. so immediately create a plan to get rich


                ,╓▄▄▄▄▄▄▄▄▄╓                 
            ╓▄█████████████████▄╖           
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June 09, 2016, 01:25:07 AM
 #2390

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.
Awesome if you buy bitcoin in 2013 and has not been sold until now? usually people can not hold bitcoin too long? they will sell when the pump in the day. only a few people who can be patient for many years. I'm not the type of person that patient. so I was very disappointed when my 5 bitcoin sell at a price of $497 some day ago Sad
Many would say that you sold too early, but no one knew that the price would rise further to $570++ in a matter of weeks. As long as you have gained profits, that is still good. My patience would be tested with bitcoin when the price starts to go up even higher. I am not sure if I can hold for two years at least, without selling anything.
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June 09, 2016, 02:22:52 AM
 #2391

My plan is also quite simple ( especially for poor guy like me lol  Grin )

- Collect BTC for some faucet also from PTC's
- go for gambling casino or sportsbook
- If i profit .. i will be rich .. if i lose back to step 1  Cool
a good plan, but I think gambling will not make you rich, I would suggest to play a trade, we almost have a plan, but I do not plan to get rich from gambling, but from trade and investment. because I think gambling is too risky

Welp ... i didnt know much about trading ..do you know where i can find complete & well written guide for trading ? i think im interested but its look like so difficult .. do we have to learn numbers or binaries ? hahaa

also can you recommend me some trusted bitcoin trading platform ?? thanks in advance  Grin

Start with real small numbers (maybe trading less than 1% of your BTC portfolio) and practice about how not to get too greedy.  As you get better at it, then you can understand more about the dynamics and to increase your amounts.... Don't worry about your past performance and that you could have made more money if you had been trading with more.  The most important thing is to figure out a profitable method that works no matter BTC's price direction, and then you can later apply that method, whether BTC prices are $100 per BTC or $10k per BTC.

I believe that I have a profitable method that I began practicing in October 2015.. and I have learned a lot during that time to continue to practice and to learn how to improve it in accordance with my own particular circumstances.  Currently, I am only trading between about 5% and 10% of my total BTC portfolio holdings, and my amount is so high, merely because there was more than 150% BTC price appreciation between when I started and now.




dayuumm ... thanks for explanation ... maybe i should try demo account first .. nah the real problem is majority of trading program is requiring deposit ... i cant lose my money with this ..but i will trying anyway ..thanks in advance  Grin

You are being a bit patronizing in your response.  You asked for feedback, and I gave some feedback based on my personal experiences and I did not suggest trading with a demo account - although for some people, a demo account may be a good idea to get some practice and to get acquainted.  I personally would not recommend a demo account because I believe that it is better to have some personal stake in the game, even if your initial trading amounts start out small.  Furthermore, there are plenty of venues in which you can trade as low as $5 per trade, which may be good for starters, but soon will grow to higher amounts, and even with $5 at a shot, the trades could add up to such a degree that prices move far and quickly and then justify close to a $100 trade, even though the incremental amounts were only $5 each.

My point is that if you are not sure about what you are doing in respect to trading then experience can be one of the best teachers and even help to make book learning become more concrete after you have practiced on your own for a while (and maybe even lost some money hahahahaha), then you start small, and of course the amount is going to be somewhat in line with your risk profile and personal financial circumstances.

A frequent mistake is that people get greedy and play with too much while they are learning, and then they fail to learn because they are trading based on emotions and guessing rather than creating profitable long-term strategies... and that becomes a form of gambling rather than measured and long term profitable trading.

Even though I prefer BTC prices to go up, my personal BTC trading strategy does not really vary too much based on whether I believe prices are going up or going down..

I just  stack up my planned trades for either price direction and then adjust those trades accordingly based on the price movements and for how long or how quickly prices travel in one direction or another. 

Over time, my BTC holdings have grown, my average cost per BTC has come down and my BTC portfolio becomes more and more resilient and able to endure (and profit from extensive downward BTC price movements, if and when they take place).  But my portfolio continues to be stacked towards betting on upwards price movement and accumulating more BTC, even while selling and even while prices are likely to be continuing to be going up.



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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June 09, 2016, 02:37:44 AM
 #2392

I don't know what to say, i have no plan to get rich with bitcoin i think ,maybe i will get some money from halving and than i will create something but now i don't know.
I think you need a plan as a plan to get rich in real job? you need saving, managing storage and more. such as the plan to become wealthy in general ? the plan is important because it will determine the course for you. so immediately create a plan to get rich


Not just plan you need in able to get rich, you need also to work hard for it. Not just you need savings on it. You must be wise on all the financial things that you are entering.
Especially when you are spending your money. Don't spend money for the things you want but you need.

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June 09, 2016, 02:48:17 AM
 #2393

My only plan is holding all my bitcoins until the halving, because i predict the price of bitcoin will increase so high and when the times come, i will sell al my  bitcoins.
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June 09, 2016, 02:58:32 AM
 #2394

My only plan is holding all my bitcoins until the halving, because i predict the price of bitcoin will increase so high and when the times come, i will sell al my  bitcoins.

Well that's will really make you rich if you are holding a lot of bitcoin and you are just waiting for the halving and the price increase.
The more you are holding the higher chance of getting rich once the price fluctuates to a favorable price.

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June 09, 2016, 03:30:20 AM
 #2395

my plan from today is i will just hold bitcoin, every bitcoin that i will accumlate i will send it to my bitcoin wallet, and just wait for the day that i will sell it in the right price. its hard to gamble nowaday i always bust, so i'll stop from now and just keep my bitcoin and never touch it Smiley
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June 09, 2016, 07:09:38 AM
 #2396

Im not just planning to get rich. Im planning on how can i earn steadyly even im working with my job.  Cause i cant steadily earn bitcoins per day. If i earn steadily I will quit my job and focus on bitcoin
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June 09, 2016, 08:46:44 AM
 #2397

Im not just planning to get rich. Im planning on how can i earn steadyly even im working with my job.  Cause i cant steadily earn bitcoins per day. If i earn steadily I will quit my job and focus on bitcoin

That means a lot of resources for making a lot of job. There are a lot out there but some needed a specific skill. Maybe some easy jobs that can be done by basic knowledge and some jobs that have your special skills.
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June 09, 2016, 09:42:35 AM
 #2398

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.
Awesome if you buy bitcoin in 2013 and has not been sold until now? usually people can not hold bitcoin too long? they will sell when the pump in the day. only a few people who can be patient for many years. I'm not the type of person that patient. so I was very disappointed when my 5 bitcoin sell at a price of $497 some day ago Sad

I actually happen to still hold several coins that I bought in very early 2013 at $20-$25 stored in my cold wallets. You just need to have a strong mind and to not get tempted to sell if the price goes up. If you can do that, then you can basically keep holding for many more years.
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June 09, 2016, 10:13:44 AM
 #2399

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.
Awesome if you buy bitcoin in 2013 and has not been sold until now? usually people can not hold bitcoin too long? they will sell when the pump in the day. only a few people who can be patient for many years. I'm not the type of person that patient. so I was very disappointed when my 5 bitcoin sell at a price of $497 some day ago Sad

I actually happen to still hold several coins that I bought in very early 2013 at $20-$25 stored in my cold wallets. You just need to have a strong mind and to not get tempted to sell if the price goes up. If you can do that, then you can basically keep holding for many more years.
Yes essence continues to collect bitcoin with hard work will surely be able to collect a lot of bitcoin and become rich. There are many methods that can give us a lot of bitcoin. Whatever method it if we are not lazy, we shall be able to collect.
PeRo
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June 09, 2016, 10:35:01 AM
 #2400

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.

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