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DoublerHunter
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March 27, 2017, 01:37:53 PM |
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i say there is only one key strategy to becoming a millionaire with bitcoin and that is a very simple one:
step one: buy bitcoin as much as you can.
step two: move these coins to a secure cold storage and make enough proper backups.
step three: close bitcointalk, reddit and any other bitcoin related place where random people can register and anonymously spread bullshit.
step four: your mind is now at peace.
step five: in at least a year check price and thank me.
Bitcoin updates are very crucial in determ ining what will be the potential events that will hit bitcoin and thus it is also necessary for the holder to watch over the market. Bitcoin is very volatile and saying that you will just check it at the end of the year is a dangerous and risky thing to do. If you will do that you will probably will lost a big amount. I also think that bitcoin has not yet reached the bottom so now it is too early to tell the acquisition of bitcoins for the purpose of investment. Maybe when bitcoin will be at $ 20 I'll buy myself some coins. That price range for bitcoin is very impossible to reach because if the price reaches that $20 then it is a sign that bitcoin will die because of its massive dump in the price. I think if the price reaches at least $500 then i will buy bitcoin as much as i can so i can save it and keep it for long term and hopes for another $1200 price again  . |
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squatz1
Legendary
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Activity: 1666
Merit: 1285
Flying Hellfish is a Commie
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March 28, 2017, 12:21:49 AM |
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This is something which I've always said is the problem with people that invest in bitcoin now, they only see it as a trading opportunity as the bitcoin price is very volatile (fluctuates heavily) and they think they should be able to make some money off of it. If people keep thinking this, it's just going to fuck up Bitcoin more and more as it's just going to keep getting more volatile and the people that actually use it are going to suffer.
Plus, this article is just bullshit as the person who invested just got lucky being an early adopter. It's like me saying that you should invest in Apple because I bought the stock when it first started and made a killing, See it doesn't make sense in the least.
GOSH, if you're going to post an article at least make sure it's not going to waste users' time.
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machinek20
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March 28, 2017, 04:15:06 AM |
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This is a very risky thing to do, how if the coin that I bought become worthless, this is just some case that the person invest in right coin then he become a millionaire, we can't predict the future correctly every time, if you got spare money it is good to invest in bitcoin but you need to know the risk when you decided to invest
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Schuyler
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March 28, 2017, 04:35:35 AM |
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This is a very risky thing to do, how if the coin that I bought become worthless, this is just some case that the person invest in right coin then he become a millionaire, we can't predict the future correctly every time, if you got spare money it is good to invest in bitcoin but you need to know the risk when you decided to invest
If you believe in the potential of something and you are convinced that is going to bring you riches, then by all means take the risk. The ones who are making a fortune with bitcoin are those who have been holding theirs for a long time already. I would have made a substantial amount myself if I had just held what I bought for $400 last year. But I was not patient enough and didn't know that we would reach four digits a few month after I sold mine at around $650. |
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Idrisu
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March 28, 2017, 07:12:06 AM |
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I think the stage we are now in bitcoin live one may not make much money through buy hold but through margin and leverage trading. The price of bitcoin is currently $1030 and I doubt if the price will get to $30,000 in the next ten years. But because skillful margin trader make profit either the price fluctuates up or down.
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Yanisumin
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May 22, 2017, 10:00:29 AM |
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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.
I don't actually quite sure what are you trying to say. Will you explain it a little more? Well of course there are risks in investment and I agree on that. But when you invest your wealth to lands and real states then you can be rich ( that is when you have a lot of cash). I guess what you're trying to say is the investments online or pyramiding scheme or Ponzi scheme. Of course its a degenerates thing because you always take the capital of other people (that investments can possibly make you poor). Sometimes you just have to gamble if the investment is good but there are a lot of investments that can make you earn, the problem is the amount of cash. Investing in BTC is not a bad choice too. |
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kpcian
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May 22, 2017, 10:33:01 AM |
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I don't know, is it feasible or not. I think there is no short cut way to become wealthy person. Yeah, it can make you solvent if you can maintain yourself properly. Every aspect of life, we need to be patient and enthusiastic, we need to be more passionate then we can make yourself affluent through Bitcoin.
I think it is a good way to become wealthy but not in a day...
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Farcoin12
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May 23, 2017, 07:24:29 AM |
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I don't know, is it feasible or not. I think there is no short cut way to become wealthy person. Yeah, it can make you solvent if you can maintain yourself properly. Every aspect of life, we need to be patient and enthusiastic, we need to be more passionate then we can make yourself affluent through Bitcoin.
I think it is a good way to become wealthy but not in a day...
There definitely are short cuts to become rich. Ever heard of this thing called the lottery? A lot of people waste money on tickets but some people get lucky and earn a ton of money. Also, a lot of early investors of Bitcoin are super rich now, that is definitely a short cut. |
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KennyR
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May 23, 2017, 07:47:03 AM |
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To be a millionaire through bitcoin one needs luck or need to be the early investor. Here the user is an early investor and the value at which he have made the investment is quite low. When it's compared to the present price it's very big now. Right now investing seems risk as the price is high. So price needs to grow higher from the price it's bought which is not sure which makes the millionaire dream more risky, if investment is done now.
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Harlot
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May 23, 2017, 08:38:16 AM |
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To be a millionaire through bitcoin one needs luck or need to be the early investor. Here the user is an early investor and the value at which he have made the investment is quite low. When it's compared to the present price it's very big now. Right now investing seems risk as the price is high. So price needs to grow higher from the price it's bought which is not sure which makes the millionaire dream more risky, if investment is done now.
I don't think that is a good advice not unless all Bitcoin Investors are expecting Bitcoin's price to grow in 100,000$ value it would not make sense to buy Bitcoin at this price. There is a difference between growing and that one who grew up already. When Bitcoin was price below 100$ or 500$ last year that was your golden opportunity to buy Bitcoin at its growing stage. Right now Bitcoin's price will mature but I don't know when it will stop. |
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mOgliE
Legendary
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Activity: 1344
Merit: 1251
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May 23, 2017, 10:10:22 AM |
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Well ok...
To sum it up:
HODL
I mean nothing new here, btc is meant to be hold for a long time. Persons seeking the quick buy and sell should turn to something else
Altcoins are made for that after all :3
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Igebotz
Staff
Legendary
Offline
Activity: 1428
Merit: 1715
The Naija & BSFL Sherrif 📛
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August 03, 2017, 12:57:24 AM |
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i think this man just want to buy a pizza buy but suddenly bitcoin increase and he think it will increase again and again if we all new bitcoin increase. and this man can buy a million pizza now . he its a very very lucky man . . . and we all know if you buy bitcoin that much maybe you will ending on the streets or leaving at the five star hotel. its much good if we are all playing safe. . .
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HasHe
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August 03, 2017, 01:34:07 AM |
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Definitely,bitcoin is not a quick to get rich scheme.It has crossed its initial eight years to reach this stage.Its price increases and decreases with increase and decrease in demand for bitcoins and so it should not be expected that bitcoin price would continuously increase and that too in lightning speed.
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CryptoBry
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August 03, 2017, 04:17:09 AM |
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How I wish i could be able to make a time travel and buy as many Bitcoin as I can back in the year 2009. I could have been a millionaire today. Anyway, since that can already be impossible all we can do is participate in the coming growth of Bitcoin by buying some in today's rate. We can also do cryptocurrency trading if we are willing to take some risk.
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the rise
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August 03, 2017, 04:22:10 AM |
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How I wish i could be able to make a time travel and buy as many Bitcoin as I can back in the year 2009. I could have been a millionaire today. Anyway, since that can already be impossible all we can do is participate in the coming growth of Bitcoin by buying some in today's rate. We can also do cryptocurrency trading if we are willing to take some risk.
I am the kind of person who does not like to remember the past, if I am late then today is best to invest personal capital into bitcoin, if many bitcoin users are successful since 2012, then it becomes a solid foundation for my success in 2018, It is never too late and the important thing is to choose the right investment, and never give up. |
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Dudeperfect
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August 03, 2017, 04:37:19 AM |
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We should focus more on the utility part rather than speculation part because I think bitcoin's core principle is to help everyone to transact across the borders without third party interference and that should be highlighted when we are explaining Bitcoin to someone. I am not saying that speculation is bad (even I do it) but it should be a part of it and not the main point in my honest opinion.
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fathur.aza
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August 03, 2017, 09:03:05 AM |
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If you become a Millionaire what you are calling before becoming a Millionaire, what are the rules that should be done for the candidates.
What with your bitcoin investment into Millionaire, what if bitcoin price down all that can not be predicted right?
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aTriz
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August 03, 2017, 09:31:16 AM |
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I like the idea, just not the way you advertised it. The way your thread was made seems like a get rich quick scheme especially with the click bait title of "Want to be a Millionaire" It just kinda goes along what Bitcoin is actually meant to be, not a get rich scheme but more of an investment that can be spent or a currency made for the future and provides new technology to us. Good read anyway.
To anyone who is looking for a simple way to make a profit all you need to do is HOLD. Seems like the price of bitcoin will eventually rise and we can ride that way to our millions.
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Supreemo
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August 03, 2017, 10:27:01 AM |
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,Unlike kristoffer, most of us here are already late adopters. If only i knew it earlier why wouldn't I invest for it right? But we can't keep living in the old times and still dwelling up on those old days. Right now it might not that as low as kristoffer's first investment but still we can buy some for our investment, if only we have the money and courage to engage risky investments.
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Proton2233
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August 03, 2017, 10:40:04 AM |
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Almost all users of bitcoin see it as an investment. This situation is not going to last forever and without that bitcoin became a currency and could create a real economy I do not see prospects. The best way to do this might be trade, but there are no prospects for the development of this application of bitcoin.
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