Want to Be a Millionaire? Two Main Rules of Bitcoin Investing

[Hazir]

When it comes to Bitcoin there are many reasons to believe that the cryptocurrency has the power to create wealth. Even small amounts of Bitcoin have made people incredibly wealthy. In December of 2015, The Guardian reported the case of Kristoffer Koch, a Norwegian who had purchased Bitcoin worth $26.60 in 2009. Koch acquired a total of 5000 Bitcoins for his investment, which at last year’s rate was worth $886,000.

A nice article that you should read : https://cointelegraph.com/news/want-to-be-a-millionaire-two-main-rules-of-bitcoin-investing

Everybody in this forum are desiring to become a millionaire, but it doesn't mean it can happen that  here in this industry. It maybe or it maybe not. Although I believed there is an instances that we can have a lot of money or bitcoin in cryptocurrency whether it is altcoin. But we can only have it if we will going to show some handwork in making some profit in this industry. And I think that would happen only if we are good in trading.

We cannot give only 2 rules to become millionare not in btc but anywhere. you have to take lot of steps and you have to use your time much effectively then only you can earn in millions. But best things what one can do here in btc is trading which requires good knowledge of btc world, do some freelance project which will give the regular income and you can enhance your skill. 

if you want to earn more in the btc, try to learn as much about btc, do trading, if you are having good resource then go for mining where you will create you own money not so easy, to become a millionaire you must take these steps. otherwise if you want to play safe then invest as much on bitcoin, do trading which is not much riskier than the mining but it requires lot of knowledge of btc, for sure you will learn the things fast the way you explore here.   

Unless you are already rich and have capital there is no way you will become a bitcoin millionaire, not anymore, early adoption times are over. Deal with it.
Of course there is slight possibility that  bitcoin will grow exponentially in the future - but still it is less than wise to expect that with your 1 or 2 BTC you will become a millionaire in 10 or 15 years.
Even if you predict every pump and dump and take advantage of it while trading with low initial capital you won't gain much.

[mindrust]

When it comes to Bitcoin there are many reasons to believe that the cryptocurrency has the power to create wealth. Even small amounts of Bitcoin have made people incredibly wealthy. In December of 2015, The Guardian reported the case of Kristoffer Koch, a Norwegian who had purchased Bitcoin worth $26.60 in 2009. Koch acquired a total of 5000 Bitcoins for his investment, which at last year’s rate was worth $886,000.

A nice article that you should read : https://cointelegraph.com/news/want-to-be-a-millionaire-two-main-rules-of-bitcoin-investing

Hundreds of people bought bitcoin when it costed dust yet as soon as their dust multiplied by 2, they passed their dust to someone else. Some didn't even wait to get double and passed their dust for %10-%30 or %50...

Buying something you never heard before and has zero value in 2009 (probably by luck btw) and waiting for 4 years; that's same as buying a lottery ticket for 10 bucks.

If you think you are smart, why haven't you bought DSH or ETH when they costed dust? yea right. You wouldn't fucking knew.

[jacaf01]

Time of cheap BTC is far gone, just look at the recent infighting, before the price would have suffered great but now no. If BTC reach $10,000 that is just 10X return when compare to over 2000X return some early adopter hit. What I do is to hedge my BTC profit in possible next big thing in Crypto and possibly some of them will hit 100X return in coming years for investors

[batang_bitcoin]

Bitcoin is a real deal and real thing now which we can see though the price seems to be falling and getting up again. Just think about if you bought one way back on it's days that has cheap price you will surely become an instant millionaire but right now it is still applicable as there are a lot of ways to earn on it, the same principle is applied, just keep on holding.

[Rahar02]

When it comes to Bitcoin there are many reasons to believe that the cryptocurrency has the power to create wealth. Even small amounts of Bitcoin have made people incredibly wealthy. In December of 2015, The Guardian reported the case of Kristoffer Koch, a Norwegian who had purchased Bitcoin worth $26.60 in 2009. Koch acquired a total of 5000 Bitcoins for his investment, which at last year’s rate was worth $886,000.

A nice article that you should read : https://cointelegraph.com/news/want-to-be-a-millionaire-two-main-rules-of-bitcoin-investing

Really good article, thanks for share it. Make me believe in hold mine for long term without sell out in every peak hike which maybe very cheap in the future of bitcoin world. I like this quote : We can only say that the early believers had it easier and the cost of delaying your entry into Bitcoin will only make it harder for you to become a Bitcoin millionaire. Yes, many people said or will say that it is too late or if I know it in 2009 it should be, and so on. Don't regret what we don't know in the past, but make it today as 1 bitcoin may worth $10,000 or even $1 Million within 35 years. Not an easy task to be patient on those years, it suppose to.

[pooya87]

bitcoin is all potential and that potential is growing each day. and that potential means a much higher price in the future.
i never like saying things like "be a millionaire" when it comes to bitcoin but i have to admit that i have made a lot of profit when looking back and it has only been 2 or 3 years since i have started with bitcoin! and that is not even factoring in the profit i have made dumping altcoins to get more bitcoin.

[Marma Kalari]

Time of cheap BTC is far gone, just look at the recent infighting, before the price would have suffered great but now no. If BTC reach $10,000 that is just 10X return when compare to over 2000X return some early adopter hit. What I do is to hedge my BTC profit in possible next big thing in Crypto and possibly some of them will hit 100X return in coming years for investors

That is the reality of the situation ,people who adapted bitcoin in the beginning made a fortune and it is not possible to make that fortune from this situation,you have to look elsewhere to make that kind of fortune.Even with $10 k your profit is just minimal if you compare with the initial adapters but still it is a huge margin.

[TastyChillySauce00]

Time of cheap BTC is far gone, just look at the recent infighting, before the price would have suffered great but now no. If BTC reach $10,000 that is just 10X return when compare to over 2000X return some early adopter hit. What I do is to hedge my BTC profit in possible next big thing in Crypto and possibly some of them will hit 100X return in coming years for investors

Good fortunes those early birds have got, but, it's no use murmuring about the profit we could get nowadays, even if it's just only 10x which is far below what those early birds get but it's still a profit and worth a try.
If you're still expecting that kind of fortune to come up for you, why don't you try those newly developed altcoins then?

[mrcash02]

And I believe the story will repeat. The big holders will make a nice profit on the future when Bitcoin hits amazing prices. The number of people using Bitcoin at this moment is low, if we discount the greedy and fool people unable to hold Bitcoins, wasting money in ponzies everytime, we will have a restrict group. This group can make wealth only by holding Bitcoin for some years, the riches of future.

[ekoice]

They are early birds.Thats why they have reaped such benefits.Since Bitcoin is now known to all,every one is interested to buy bitcoins.It is not the case in early stage of bitcoin.Early investors had kept faith in bitcoins and they had taken risk even its a small amount and thats why they have such huge benefits today.

[equator]

When it comes to Bitcoin there are many reasons to believe that the cryptocurrency has the power to create wealth. Even small amounts of Bitcoin have made people incredibly wealthy. In December of 2015, The Guardian reported the case of Kristoffer Koch, a Norwegian who had purchased Bitcoin worth $26.60 in 2009. Koch acquired a total of 5000 Bitcoins for his investment, which at last year’s rate was worth $886,000.

A nice article that you should read : https://cointelegraph.com/news/want-to-be-a-millionaire-two-main-rules-of-bitcoin-investing

It is true that if you can see the potential of any cryptocurrency and believe in it then even small amount which you may consider as dead can reap you amazing profit, like what OP has given example when bitcoin value was only in single digit and that time who ever invested atleast 25$ is now a millionaire. So even today their are so many altcoins whose potential are high and in long term you can become rich when their projects are booming it.

[gabmen]

When it comes to Bitcoin there are many reasons to believe that the cryptocurrency has the power to create wealth. Even small amounts of Bitcoin have made people incredibly wealthy. In December of 2015, The Guardian reported the case of Kristoffer Koch, a Norwegian who had purchased Bitcoin worth $26.60 in 2009. Koch acquired a total of 5000 Bitcoins for his investment, which at last year’s rate was worth $886,000.

A nice article that you should read : https://cointelegraph.com/news/want-to-be-a-millionaire-two-main-rules-of-bitcoin-investing

Everybody in this forum are desiring to become a millionaire, but it doesn't mean it can happen that  here in this industry. It maybe or it maybe not. Although I believed there is an instances that we can have a lot of money or bitcoin in cryptocurrency whether it is altcoin. But we can only have it if we will going to show some handwork in making some profit in this industry. And I think that would happen only if we are good in trading.

We cannot give only 2 rules to become millionare not in btc but anywhere. you have to take lot of steps and you have to use your time much effectively then only you can earn in millions. But best things what one can do here in btc is trading which requires good knowledge of btc world, do some freelance project which will give the regular income and you can enhance your skill. 

if you want to earn more in the btc, try to learn as much about btc, do trading, if you are having good resource then go for mining where you will create you own money not so easy, to become a millionaire you must take these steps. otherwise if you want to play safe then invest as much on bitcoin, do trading which is not much riskier than the mining but it requires lot of knowledge of btc, for sure you will learn the things fast the way you explore here.   

Yeah, though it's shooting for the stars if we are to be millinnaires, itnis possible. For me tradingnis the best way to hit that but it will definitely take a lot of time, effort and a bit of luck but definitely you will be earning money. Its nit that bad to aim higher so even though we don't get to be millionnaires in the long run, we eould have earned more money than can considerable make our lives better

[Hydrogen]

There are opportunities accessible to the average person to become a millionaire, other than relying on bitcoin or being a crypto early adopter. There are always lots of opportunities, even if they're not easy to see.

One might say, its good to look at investments outside of bitcoin, sometimes. The future of btc with bitcoin unlimited's hard fork probably means the price of btc won't gain much in the near future.

If bitcoin unlimited died, I could see the price of btc definitely shooting up, though.

[Jemzx00]

They are early birds.Thats why they have reaped such benefits.Since Bitcoin is now known to all,every one is interested to buy bitcoins.It is not the case in early stage of bitcoin.Early investors had kept faith in bitcoins and they had taken risk even its a small amount and thats why they have such huge benefits today.

They are early birds indeed. The benefit of being updated to such a thing makes them filthy rich at the current day. Bitcoin is just any altcoin here that has been created but the only difference is that bitcoin last longer than any of those coins. And now, it's popularity makes its price go high.

[Yanisumin]

They are early birds.Thats why they have reaped such benefits.Since Bitcoin is now known to all,every one is interested to buy bitcoins.It is not the case in early stage of bitcoin.Early investors had kept faith in bitcoins and they had taken risk even its a small amount and thats why they have such huge benefits today.

Yup that is the time where Bitcoin is just being introduced into the world. Investing Bitcoin in that time is a crucial situation. You won't even know if it will grow. That's what risk is about. I bet even me that time will have a doubt buying that unknown thing.

There is no reason to envy that guys, because I think they deserved it, they are the one who hold Bitcoin till now and believe in its potential. Without these early birds, Bitcoin will not reach its price today, without these guys bitcoins price will remain low.

[Fredomago]

bitcoin is all potential and that potential is growing each day. and that potential means a much higher price in the future.
i never like saying things like "be a millionaire" when it comes to bitcoin but i have to admit that i have made a lot of profit when looking back and it has only been 2 or 3 years since i have started with bitcoin! and that is not even factoring in the profit i have made dumping altcoins to get more bitcoin.

looking back when price still @ 400$ and news saying that it will be much bigger in coming years we all witness that reality that's why we still here and continue to work with our investment, as we learn more on possibility inside crypto industry i know by heart that making decent earnings coming from bitcoin holdings will allow us to be more stable in our future.

[jhenfelipe]

If that two main rules of bitcoin investing could make a person to be a millionare and are applicable anytime, then people read about that should have been a millionare. I don't think it's that easy and time had passed already, it's now 2017.

[zimmah]

Wow what a load of crap! 2 main rules of Bitcoin investing - given examples of an early adopter, the guy who bought the 10k coins pizza and a couple of bullshit long-shot speculators giving 'estimations'. Wow 

I want to shake the hand of the person who wrote this.

yeah, they call everything an article nowadays.   

I have seen forum posts that are more worthy of being called an article.

[J Gambler]

Investment didn't make us rich it always on the jackpot when i hit the jackpot probably i will beocme rich that fast like in lotto i do risk there everytime i bet and i always keep my numbers always believing that i can really make it. There are good articles from internet nowadays but how if that investment make you poor? Beucase your looking for it possitive side not a negative side.

[thepo1m]

What I do is ICO flipping, invest in a solid project and flip your profit into another good project, it is easy to achieve 5-10X returns from ICO investment if the project has a solid team