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Author Topic: Can I still get wealthy through Bitcoin?  (Read 37328 times)
otundebis
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November 07, 2018, 01:35:57 PM
 #41

Bitcoin is still very much the currency of the future and Bitcoin is still early open protocol for payment and much more.  I believe Bitcoin will grow in value as it design to be scarce and immutable.  If you believe in bitcoin,  you should start investing and see what happens in the next decade!

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November 07, 2018, 01:44:55 PM
 #42

of course because to be rich through bitcoin and other crypto is the key is to always be patient and keep trying because if you want to be patient and try certainly your business will not betray the results
and bitcoin is also very promising to be a long-term investment

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November 07, 2018, 02:01:18 PM
 #43

It depends on how you will establish you plans in entering the cryptospace. The first thing you need to consider to become wealthy is how much you could take some risks?, Are you knowleageable enough to understand the pros and cons of blockchain itself?, Do you have a well planned goals in investing or trading crypto?, Are you brave enough to put some money coming from your pocket in cryptospace?

It depends on how you will approach, you will need lots of discipline and dedication to enter and become one of the early millionaires in cryptocurrency.
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November 07, 2018, 02:31:11 PM
 #44

Bitcoin and the blockchain have been presented as the future for a decade now, and it turned many of those who found out about it early into millionaires.  Some rank these two as the greatest inventions of this century: cryptocurrencies, of which Bitcoin is only one, and blockchain, the record-keeping technology that underpins it. Is the prediction of bitcoin's strong future coming true within the next few years? Is it too late to have a chance in getting wealthy through Bitcoin?
If your knowledge and capital are "sufficient enough" you may achieve that still it purely depends on your understanding of "what is wealthy". If you have enough money that you can call yourself rich than turning that into wealthy would be easier to achieve with bitcoin than any other investment chance. You can turn 1 million dollars into 10 million dollars, you can turn 10 million dollars into 100 million dollars. It is still possible.

Nevertheless, if you are not rich and you have a low capital of couple thousand dollars, not even enough to get one bitcoin, than it would be impossible for you to become "wealthy" by any standards.

If you mean wealthy by just "not having to work ever again", that is possible via altcoins right now, there are a lot of coins that promises x100 returns and that could turn your couple thousand dollars into couple hundred thousand dollars and you can get some other again and retry it and turn it into millions of dollars. Quite riskier option but only option left.

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November 07, 2018, 03:00:11 PM
 #45

There are still a lot of chances to get wealthy with bitcoin, infact there are more ways now because bitcoin already getting more popularity, but maybe for now you need to be more creative to earn, bitcoin still in a very early stage, so the potential to earn still widely open
You're right there are many ways and methods to make profits in Bitcoin such as trading, ICO investment, or you can make a bussiness releated to bitcoin and many others. even though the current price is still low but does not mean there is no chance for you to become rich. the market situation is only temporary Don't be pessimistic. Bitcoin is still in the early stages so the chance still wide open for you to become rich
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November 07, 2018, 06:02:37 PM
 #46

The early adopters always end up becoming rich. That is true not only in the case of Bitcoin, but with other investments such as equities as well. For example if you had purchased Microsoft shares during the IPO, then you would be sitting on top of 1,000x returns now.
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November 07, 2018, 06:23:01 PM
 #47

Is it too late to invest in Bitcoin? Probably not, but there is no guarantee. Back in 2013-14, a lot many of the investors thought that equities such as Apple, Google, Amazon, Microsoft.etc have reached a level of saturation and they may not give good returns in the future. But we all know what happened after that.
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November 07, 2018, 06:25:12 PM
 #48

There are still a lot of chances to get wealthy with bitcoin, infact there are more ways now because bitcoin already getting more popularity, but maybe for now you need to be more creative to earn, bitcoin still in a very early stage, so the potential to earn still widely open
You're right there are many ways and methods to make profits in Bitcoin such as trading, ICO investment, or you can make a bussiness releated to bitcoin and many others. even though the current price is still low but does not mean there is no chance for you to become rich. the market situation is only temporary Don't be pessimistic. Bitcoin is still in the early stages so the chance still wide open for you to become rich
yes you are all right we can do with bitcoin to become rich and if we want to be rich of course we need a process and patience. indeed, bitcoin is currently not good, but there's no harm in waiting for it to be good. remain optimistic and always believe that everything will return to normal soon.

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November 07, 2018, 07:04:22 PM
 #49

Yes i guess is the answer. Now is the time to invest that the market is low and when it rises, you become wealthy.

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November 07, 2018, 08:05:25 PM
 #50

Bitcoin and the blockchain have been presented as the future for a decade now, and it turned many of those who found out about it early into millionaires.  Some rank these two as the greatest inventions of this century: cryptocurrencies, of which Bitcoin is only one, and blockchain, the record-keeping technology that underpins it. Is the prediction of bitcoin's strong future coming true within the next few years? Is it too late to have a chance in getting wealthy through Bitcoin?
Of course, you can still get rich through Bitcoin if you still believe in it. Put your trust in it and make sure you own it at this point when the price drops and holds it for a long time, or it reaches a certain mark. Believe in it and do not give up when you have not reached the destination.

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November 07, 2018, 08:35:11 PM
 #51

Yes, you can get wealthy with bitcoin, as over the past one year, many people have become rich because of bitcoin. All you have to do is to enter the market at the right time and hold your coins.

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November 07, 2018, 08:41:26 PM
 #52

No one can assure you what will be in future. If you are ready to take risk and invest only which you can afford to lose. As if the price which you are going to enter in Bitcoin is high price then you have to wait for the market to move up or else you have to invest in split and buy more in low so this type you buying price will become low.

If you take the investors who invested in 2011 never thought that they will be wealthier after 5 yrs so if you want to become wealthy immediately then dont invest in Bitcoin. As no one can tell what will be in future. Right now the price is low and good to invest it.

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November 07, 2018, 09:03:31 PM
 #53

To be Candid with you mate, it is still very mush pretty possible to get wealthy through Bitcoin at the moment but this depends on your approach or individual approach. For those with double standard in this industry cannot experience such but those who believe on Bitcoin, its very possible, either by Trade or by Investment. I made more profit in trading few weeks back and am a living testimony.

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November 07, 2018, 09:11:15 PM
 #54

Bitcoin and the blockchain have been presented as the future for a decade now, and it turned many of those who found out about it early into millionaires.  Some rank these two as the greatest inventions of this century: cryptocurrencies, of which Bitcoin is only one, and blockchain, the record-keeping technology that underpins it. Is the prediction of bitcoin's strong future coming true within the next few years? Is it too late to have a chance in getting wealthy through Bitcoin?
It depends on the future behavior of Bitcoin. But after 10 years I don't think the price will increase like the previous 10 years. Because when it was created, the price was too low and nobody cared, but the current situation is different. Now everyone's eyes on Bitcoin and there are a lot of people trying to destroy it. You should not think of Bitcoin as a hope for wealth. Price volatility can make you poorer.
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November 07, 2018, 09:16:37 PM
 #55

Bitcoin and the blockchain have been presented as the future for a decade now, and it turned many of those who found out about it early into millionaires.  Some rank these two as the greatest inventions of this century: cryptocurrencies, of which Bitcoin is only one, and blockchain, the record-keeping technology that underpins it. Is the prediction of bitcoin's strong future coming true within the next few years? Is it too late to have a chance in getting wealthy through Bitcoin?
It depends on the future behavior of Bitcoin. But after 10 years I don't think the price will increase like the previous 10 years. Because when it was created, the price was too low and nobody cared, but the current situation is different. Now everyone's eyes on Bitcoin and there are a lot of people trying to destroy it. You should not think of Bitcoin as a hope for wealth. Price volatility can make you poorer.
There are many trying to destroy Bitcoin because of what it has done. But many Bitcoiners believe in it, and there is no difficulty that it can not overcome. If you still believe in it then keep believing it because it can do the impossible.

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November 07, 2018, 09:37:57 PM
 #56

Bitcoin is a good coin but it depends on the situation of it.  As of now, market is red but if you really believe on it no matter how it decrease it will not affect you.  Nothing is impossible in bitcoin, you can be rich depends on how long you will wait and how you trust on it.
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November 08, 2018, 07:02:14 AM
 #57

The crypto world is full of uncertainty and it's difficult to say for a certainty if you can be wealthy through Bitcoin or any other cryptocurrency. Again, it's possible to get wealthy through BTC if the price appreciates significantly like it did in 2017. It also depends on the amount you have invested in BTC as that will is what will determine how much gain you'll get.
Of course, but even in those uncertainties, we have seen a lot of developments going on over the years and the possibility of this space being more established than it is currently. There is no doubt that we cannot see the future, and in every aspect of life, no one can, as that is reality.

Moreover, when it comes to looking at the present, understanding the value in something, and seeing the great opportunity it is going to bring in the long run, there is one thing they call investing based on that future which is the way I see the crypto space and bitcoin. However, wealth should not be the only first thing that comes to mind, the development and usability of the space in the long run should, as this would help you not to make horrific investment decisions in the long run.
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November 08, 2018, 07:05:44 AM
 #58

Buddy, it's just a matter of time before you lose money in cryptocurrency until you sell it at a lower price than you bought it!
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November 08, 2018, 07:12:34 AM
 #59

Bitcoin is only as promising as the people themselves. If the people will begin to lose trust and patience, Bitcoin might also go down with them. Remember that the value of Bitcoin is solely dependent on the people's interest and demand of the coin. If these two will perish, the same will happen to the value of Bitcoin.

I say, you continue to HODL. The future is very bright. One day soon, .001 BTC will become a treasure.
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November 08, 2018, 07:15:37 AM
 #60

Bitcoin and the blockchain have been presented as the future for a decade now, and it turned many of those who found out about it early into millionaires.  Some rank these two as the greatest inventions of this century: cryptocurrencies, of which Bitcoin is only one, and blockchain, the record-keeping technology that underpins it. Is the prediction of bitcoin's strong future coming true within the next few years? Is it too late to have a chance in getting wealthy through Bitcoin?
It's not too late to get rich through bitcoin but I can't see it exploding that much, some of the other coins have more room for growth and they could possibly be the likeliest to make many wealthy but bitcoin will do well.
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