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

[vasrasus]

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.

We can earn a lot in trading if we have the skills,same with investing if we know how to choose a potential successful ICO, the main two things to consider for me is the goal of the project for if still applicable for long term or in future next is the team does they cooperate and does have escrows.

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[kidoseagle0312]

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.

Hahaha maybe the person behind that question is making His/Her own rules of how to become a milllionaire, though it sounds hyping others here. But this is just my opinion only, to become a millionaire it needs a lot of time and effort which means it takes process no shortcut instead need to exert effort, if you want it to be like that. But like what others said here to buy a huge of bitcoin or any altcoin that legit then hold it in a long terms.

[mariahh]

I think this is a bad way of thinking about bitcoin and advertising it. "get rich quick with bitcoin!"

whenever I tell anybody about bitcoin, be it a friend or family or someone on the internet, I have always tried to stick to the benefits of it being used as a currency not an investment. and we need more users who adopt bitcoin as a currency in my opinion, rather than more speculators to play around with the price and make more $$$ in return when they dump and exit.

I totally agree with you.Because if we all want such an easy money then one thing is expected and this is the failure of bitcoin system...

[thinkbright]

Anyway. It won't cause a lot trouble in the long-term but that's what is the freedom of bitcoin's about. From the individual perspective. Any person is free to do whatever they feel to achieve wealth or any form handle their business. Bitcoin is fully potential to support an individual to achieve that.

[gabmen]

I think this is a bad way of thinking about bitcoin and advertising it. "get rich quick with bitcoin!"

whenever I tell anybody about bitcoin, be it a friend or family or someone on the internet, I have always tried to stick to the benefits of it being used as a currency not an investment. and we need more users who adopt bitcoin as a currency in my opinion, rather than more speculators to play around with the price and make more $$$ in return when they dump and exit.

I totally agree with you.Because if we all want such an easy money then one thing is expected and this is the failure of bitcoin system...

At this rate, you can't blame people if they see bitcoin as a good form of investment because it is a good investment. It would be more attravtive to other people to tell them of success stories of people who trusted btc before. It can make someone rich.

[Kemarit]

I think this is a bad way of thinking about bitcoin and advertising it. "get rich quick with bitcoin!"

whenever I tell anybody about bitcoin, be it a friend or family or someone on the internet, I have always tried to stick to the benefits of it being used as a currency not an investment. and we need more users who adopt bitcoin as a currency in my opinion, rather than more speculators to play around with the price and make more $$$ in return when they dump and exit.

I totally agree with you.Because if we all want such an easy money then one thing is expected and this is the failure of bitcoin system...

At this rate, you can't blame people if they see bitcoin as a good form of investment because it is a good investment. It would be more attravtive to other people to tell them of success stories of people who trusted btc before. It can make someone rich.

Its a good form of investment specially if you are in for a long run and it can make you rich in due time. But for those who are thinking that bitcoin is a quick rich scheme. It is not and I think its not the failure of the bitcoin system, but the person itself. There are no quick rich scheme, we all know that and bitcoin cannot offer that to you. But want bitcoin can give is that a perfect opportunity for someone to get tons of money if he has investment in it for longer term. Like stocks or mutual funds or any other investment instrument. I'm even holding for a stock for more than 10 years now but the dividend is not closer to what bitcoin can give me in I bought it earlier as well. Don't blame the system. But blame people for their greediness thinking that it is a quick rich scheme.

[Rahar02]

I think this is a bad way of thinking about bitcoin and advertising it. "get rich quick with bitcoin!"

whenever I tell anybody about bitcoin, be it a friend or family or someone on the internet, I have always tried to stick to the benefits of it being used as a currency not an investment. and we need more users who adopt bitcoin as a currency in my opinion, rather than more speculators to play around with the price and make more $$$ in return when they dump and exit.

I totally agree with you.Because if we all want such an easy money then one thing is expected and this is the failure of bitcoin system...

I won't say this situation is the failure of bitcoin system, it just people who thinking to make profits through trading and it's not bad at all. I consider most people treat bitcoin as a trading object right now, and it's just one step of bitcoin development.
Because there are many people in several places such as in Japan or Netherland which use bitcoin as a currency to sell and buy in daily basis. All we need is scale solution to be implemented and bitcoin could afford so much transactions in every second with faster confirmation time and low fees, and you will see bitcoin being used as a payment method, as a currency.

[ongels]

Everybody yearning to become a millionaire but its not easy to achieved your ambitions in life, Discipline, hard work and passion are the essential elements to become successful. If we rely our self through crytocurrency perhaps there's a chance to overcome our desire. Lets be consistent in digging on it because the time come's we will be glad and enjoy earning it.

[speedy963]

I think this is a bad way of thinking about bitcoin and advertising it. "get rich quick with bitcoin!"

whenever I tell anybody about bitcoin, be it a friend or family or someone on the internet, I have always tried to stick to the benefits of it being used as a currency not an investment. and we need more users who adopt bitcoin as a currency in my opinion, rather than more speculators to play around with the price and make more $$$ in return when they dump and exit.

I totally agree with you.Because if we all want such an easy money then one thing is expected and this is the failure of bitcoin system...

At this rate, you can't blame people if they see bitcoin as a good form of investment because it is a good investment. It would be more attravtive to other people to tell them of success stories of people who trusted btc before. It can make someone rich.

Its a good form of investment specially if you are in for a long run and it can make you rich in due time. But for those who are thinking that bitcoin is a quick rich scheme. It is not and I think its not the failure of the bitcoin system, but the person itself. There are no quick rich scheme, we all know that and bitcoin cannot offer that to you. But want bitcoin can give is that a perfect opportunity for someone to get tons of money if he has investment in it for longer term. Like stocks or mutual funds or any other investment instrument. I'm even holding for a stock for more than 10 years now but the dividend is not closer to what bitcoin can give me in I bought it earlier as well. Don't blame the system. But blame people for their greediness thinking that it is a quick rich scheme.

Well that was right. I don't like the idea of this kind of advertisement also, just to make people convinced, but clearly speaking it is just in your own decision and your own hard work that will pay off. Work hard and you will surely know what will be the price of your effort. Those people that became rich because of bitcoin are just merely for inspiration, you don't need to be like them, do not copy them you can't be them, just make your own move for your own goodness.

[NewBet]

I can tell you the two main rules of investing in Bitcoin:

1. Buy low - sure, you can buy anytime, but if you buy low you are going to make a lot more in the long run. You can make double the Bitcoins... this will multiple A LOT in the distant future.

2. HODL - (fin fact, the term HODL was invented on this forum), it means HOLD. Do not sell your Bitcoin for anything. Just hold and use it until it is worth $1,000,000.

[Joshapat]

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

In investing it would take some patience to follow the success of Kristoffer Koch, many analysts argue that bitcoin is worth $ 1 million because bitcoin is a phenomenal discovery, I'm sure that the future of bitcoin will continue to improve so it's worth it for us to make long-term investments.

[andika2018]

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.

did you read this articles or not because you really don't understand what article means and inside it already mentioned that buying bitcoin and keep them wisely untill the particular times will makes you became an millionaire and i think that make sense because the price will high year by year so directly the profit will so huge and i think this is also good options and currently i'm consider to try it

Holding and act bitcoin as investment is good option to make wealth. Bitcoin growth year by year is really amazing, and for some people they make bitcoin as their invesment instrument. I am believe there is no instant profits

[maydna]

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.

did you read this articles or not because you really don't understand what article means and inside it already mentioned that buying bitcoin and keep them wisely untill the particular times will makes you became an millionaire and i think that make sense because the price will high year by year so directly the profit will so huge and i think this is also good options and currently i'm consider to try it

Holding and act bitcoin as investment is good option to make wealth. Bitcoin growth year by year is really amazing, and for some people they make bitcoin as their invesment instrument. I am believe there is no instant profits

but you need to have the patience to wait for the price increase and don't panic when the price is down because what I see in out there, many people become panic because they are seeing the price is down too deep and makes them sell their bitcoin too fast. and if we choose bitcoin as our investment, we need to have strong hands to hold our bitcoin so we can sell the bitcoin at the right time which is when the price increase higher.

[minhnguyen]

People think bitcoin can make them rich quickly. Thats so wrong.
So first rule is dont overestimate and dream about being rich fast
Second rule is have investment strategy like securities investment

[19Nov16]

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.

did you read this articles or not because you really don't understand what article means and inside it already mentioned that buying bitcoin and keep them wisely untill the particular times will makes you became an millionaire and i think that make sense because the price will high year by year so directly the profit will so huge and i think this is also good options and currently i'm consider to try it

Holding and act bitcoin as investment is good option to make wealth. Bitcoin growth year by year is really amazing, and for some people they make bitcoin as their invesment instrument. I am believe there is no instant profits

but you need to have the patience to wait for the price increase and don't panic when the price is down because what I see in out there, many people become panic because they are seeing the price is down too deep and makes them sell their bitcoin too fast. and if we choose bitcoin as our investment, we need to have strong hands to hold our bitcoin so we can sell the bitcoin at the right time which is when the price increase higher.

And the big test is coming because the price drops back below $ 10k, if we are patient then we will be the winner and can get the price at least $ 50k at the end of this year, be patient as soon price will skyrocket.

[JesusCryptos]

It's exactly this attitude to consider Bitcoin a get-rich-quick scheme which is twisting the original idea of Satoshi totally. Nobody anymore wants to acquire Bitcoins to use them, everybody wants them just because they might become rich by having them. It's slightly perverse IMHO.

[sorin90]

I think most of the crypto enthusiasts would have liked to invest 50$ in BTC in its early stages, or mine with their computer. But who knows what will the next btc be

[maydna]

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.

did you read this articles or not because you really don't understand what article means and inside it already mentioned that buying bitcoin and keep them wisely untill the particular times will makes you became an millionaire and i think that make sense because the price will high year by year so directly the profit will so huge and i think this is also good options and currently i'm consider to try it

Holding and act bitcoin as investment is good option to make wealth. Bitcoin growth year by year is really amazing, and for some people they make bitcoin as their invesment instrument. I am believe there is no instant profits

but you need to have the patience to wait for the price increase and don't panic when the price is down because what I see in out there, many people become panic because they are seeing the price is down too deep and makes them sell their bitcoin too fast. and if we choose bitcoin as our investment, we need to have strong hands to hold our bitcoin so we can sell the bitcoin at the right time which is when the price increase higher.

And the big test is coming because the price drops back below $ 10k, if we are patient then we will be the winner and can get the price at least $ 50k at the end of this year, be patient as soon price will skyrocket.

and we can only prepare for the worst thing if the price still down below $10k but besides that, we can buy another bitcoin again in that level of the price and I am sure that when the price increase back, we can make a lot of profit. and I agree with you that we should have the patience to wait the price is up again because this situation is unpredicted and the price could change in any second so we need to prepare our self.

[Dragon5]

Life isn’t a passive activity. Investing shouldn’t be either. we are sometimes dissapointed about life - with all its lifts and downs. Those who are rich invested once very successfully, it doesn't mean they have never lost in their life. You just have to be prepared.

[BUK2016]

Well, I don't think one can make such huge profit from bitcoin any longer except you have to invest huge capital but I strongly believe that if one should conduct a very good research on some altcoins with high profit potential one can still make it big.