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Author Topic: Can I still get wealthy through Bitcoin?  (Read 37332 times)
JessicaVL
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October 30, 2019, 06:29:31 PM
 #541

Personally, I don't think it's too late to get wealthy with Bitcoin - but if that's the only reason you want to get into it you might be disappointed. I think the key strategy would be to HODL for as long as possible, and don't get spooked by the fluctuations in the market. Patience is definitely the answer here. I've been buying Bitcoin from Vertex for the last few months, so if you're looking for a market place I'd definitely recommend it.
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October 30, 2019, 10:28:04 PM
 #542

Of course, you can get wealthy with bitcoin but the real question is are you ready?
The bitcoin is not a get rich quick scheme, in order to get wealthy with bitcoin you need to HODL your bitcoin for a minimum of 5-10 years Smiley
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October 31, 2019, 09:28:44 AM
 #543

It depends on when you bought it (are you buying in a bearish market or bullish market?), and how you invest with it. Owning 1 or 2 Bitcoin isn't that enough to make you wealthy when you don't know what to do with it. So for me you need to trade with it to make you wealthy and only the good Altcoins like Monero, VEIL, ETH and BNB can make you wealthy. otherwise buy at least 5-10 bitcoin right now and HODL for 3 years.

Remember the market is just starting to recover. We see these upward movement every day. Besides the the king of Cryptocurrency Bitcoin, a lot of Altcoins also grow. from BTC, we can expect really big news related to the Blockchain. new implementation in government or company, or big news related to the stock market (ETF), and this will positively affect the entire market.
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October 31, 2019, 03:01:24 PM
 #544

Of course, you can get wealthy with bitcoin but the real question is are you ready?
The bitcoin is not a get rich quick scheme, in order to get wealthy with bitcoin you need to HODL your bitcoin for a minimum of 5-10 years Smiley
You can still become rich with bitcoin by not just holding. You can use your bitcoin to invest into other cryptocurrencies called altcoin and you can also try to do trading. Trading is a good source of income that can grow your bitcoin up to 100% in just a few months of trading. There is a lot of ways to become wealthy in bitcoin, just explore the cryptocurrency space.
Well it is not that much easy to grow your bitcoin 100% while doing trading because it is not obvious that trading always bring a good profit sometimes traders lost a lot in trading by taking wrong decisions in wrong time, in my point of view the easiest way to earn bitcoin for all the people is to hold it for long term because there is very low risk of losing, although if someone refer trading then before that be an expert.
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October 31, 2019, 03:07:57 PM
 #545

Yes, even if you buy in today, you're still getting in during the early stages of this project. This thing hasn't been going for even 10 years yet. Imagine what 2050 will look like! There's no better time than now to get in if you're going to.
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October 31, 2019, 03:14:55 PM
 #546

Yes, even if you buy in today, you're still getting in during the early stages of this project. This thing hasn't been going for even 10 years yet. Imagine what 2050 will look like! There's no better time than now to get in if you're going to.

Yeah but let's hope nothing will beat bitcoin in 50 years.
But i think new technology is always coming and in 50 years maybe there is already a payment system with transaction speed within a wink of an eye. Let's hope bitcoin is developing and other cryptocurrency is also developing. That's the only way for cryptocurrency to survive in this current digital world.

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October 31, 2019, 03:17:22 PM
 #547

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?

As a bitcoin enthusiast on a bitcoin forum that you are posting on, the answer would be a resounding YES. But of course, if we could predict when that would happen, we'd all probably be richer and not spending time on an online forum anyway.

It is not too late, the best time to buy bitcoin is always now, and the best way to get rich with bitcoin is to just HODL.

 
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October 31, 2019, 03:26:21 PM
 #548

Absolutely a big YES. You can get instant rich by investing in bitcoin by also it will depend on how much you will be investing. That's why it is better to invest what you can afford to lose as long as you know what you're doing and know when to buy and sell.

Investing needs knowledge om when to spend your money wisely because you may loose it, if your just buying without knowing on how the market moves.
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October 31, 2019, 03:32:03 PM
 #549

Of course, you can get wealthy with bitcoin but the real question is are you ready?
The bitcoin is not a get rich quick scheme, in order to get wealthy with bitcoin you need to HODL your bitcoin for a minimum of 5-10 years Smiley
You can still become rich with bitcoin by not just holding. You can use your bitcoin to invest into other cryptocurrencies called altcoin and you can also try to do trading. Trading is a good source of income that can grow your bitcoin up to 100% in just a few months of trading. There is a lot of ways to become wealthy in bitcoin, just explore the cryptocurrency space.

Becoming rich is always part of the journey, if we really want to achieve something then we must act something and not just relying on crypto, yes indeed, crypto is good but we still need some other things like business, investing in stock market, investing in real estate, so lets not just rely on crypto.
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October 31, 2019, 04:01:44 PM
 #550

Yes, even if you buy in today, you're still getting in during the early stages of this project. This thing hasn't been going for even 10 years yet. Imagine what 2050 will look like! There's no better time than now to get in if you're going to.
yes, when you believe in bitcoin, it might make you rich. but just holding it in will make you hesitate. I'm not really sure there are people who hold bitcoin that they have from bitcoin have a price until now. they must do other things that are also related to profit, like trading or investment. so, I'm not sure if you buy it now and you can hold it until 2050.

however, you can still get rich with bitcoin right now. the most important thing you need to know is that you can be when you are good at using it. You can hold it until 2050 to see its development, but I think that's a difficult thing. So, I think the price of bitcoin can exceed $ 20k, having lots of bitcoin before that happens can also make you rich.
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October 31, 2019, 06:45:21 PM
 #551

must be based on projections of at least 3 years to continue to expand assets. Many people panic too quickly because they cannot stand the price of Btc floating for months. if you have time to trade, then you must be prepared with quick movements to convert it to usdt when the trend tends to go down, and again pick it up from the bottom. But if you are passive, then you can stay focused on buying in regular portions. Prosperity will come when you are patient and always aware of updates.

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October 31, 2019, 06:58:43 PM
 #552

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?
I think your fortune will depend on the way you manage and hold your investment. If you are too careless and go quickly on selling your coins without thinking about the possibility of the value going down, you wouldn't definitely gain any benefits from bitcoin. If you are going to outsmart bitcoin, buy plenty while the value is low and sell when it is high, you will still get the opportunity to be wealthy on bitcoin. It is all about patience and strategy for you to be able to get rich with the help of bitcoin.

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November 01, 2019, 04:43:03 PM
 #553

Yes, even if you buy in today, you're still getting in during the early stages of this project. This thing hasn't been going for even 10 years yet. Imagine what 2050 will look like! There's no better time than now to get in if you're going to.
Even if I agree with you very few investors want to be invested in bitcoin for the long term, they want to obtain profits now and not later, when I think about this then it could be a good idea to wait for the price of bitcoin to go down a little bit, a few days ago we were close to 7k and now we are close to 9k then it is possible we could see 7k again in a short amount of time and if you invest now that is a loss of more than 20% in just a few days.
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November 01, 2019, 09:50:41 PM
 #554

Bitcoin has a total supply of 21 million coins and out of that total supply, only a little over 18 million if them has been mined so far and it's estimated that it would take about 120 years for the remaining 3 million to be mined.

Bitcoin reached an all time high of $20,000 and this was at a time when less than 50 million people were using a bitcoin wallet worldwide so imagine what would happen when bitcoin finally achieves worldwide adoption and billions of people all over the world starts using it.

What I am basically trying to say is that Bitcoin is still in it's early stage compared to where I envision it to be in years to come, I don't like giving financial advice and that is why I gave you my opinion from my own point if view so that you can add it to your own research and make your own conclusions.

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November 01, 2019, 10:29:47 PM
 #555

Noooo! It's not too late to get wealthy through bitcoin; it's not even late. To me, this is just the beginning. I'm strongly believing that bitcoin's price will keep increasing and would increase beyond what people think.

Get a wallet and move some BTCs, here's mine: [12GZz7hegu8VCkJYHSuP3WTXg7LGXgL1vT]
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November 02, 2019, 04:51:38 AM
 #556

Noooo! It's not too late to get wealthy through bitcoin; it's not even late. To me, this is just the beginning. I'm strongly believing that bitcoin's price will keep increasing and would increase beyond what people think.

Exactly, people who are into Bitcoin will feel the joy to become too rich with the Bitcoin, but it is not easy sometimes market fluctuation makes your mind to the attention of selling at a low price and suddenly the price will start increasing. If you are looking for a long term, then your dedication should be always long term.
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November 02, 2019, 07:03:46 AM
 #557

Of course you can be rich with Bitcoin and still have the right time to buy Bitcoin. Because Bitcoin's price is very low and now it is possible to earn a lot of profits in the future. So, I do not think you'll miss this golden opportunity.
We all know that bitcoin can help up to become rich but it is not easy to become rich with bitcoin. The price of bitcoin now is not totally cheap and I know some of us can't afford to buy 1 bitcoin but still, you can invest little by little. Every time you invest or buy bitcoin there will be an opportunity to earn income but doing investing in bitcoin will take a lot of time and effort. To all people who new in the world of cryptocurrency, it is your time to ride and invest because in the next couple of months the price of bitcoin will go to the moon again.

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November 02, 2019, 12:20:56 PM
 #558

I think putting to much hope to get rich is not healthy for your mind since crypto is very agile and it can experience a big drop in just one night.
So, investing in crypto is just trying our luck and just like people said, only invest money that we can afford to lose. It means that we have to ready with any condition because our money can lose anytime.
If the question is, can we still get wealthy ? ofcourse we can, depends on the future of bitcoin itself
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November 02, 2019, 02:26:24 PM
 #559

This is the wrong way to look at bitcoin or cryptocurrency as general.
I agree in past, many people have become wealthy by buying BTC at really cheap and then holding it. But trust me, many people sold after 2x-3x profits where they could earn 200x-300x profits by just holding for a few years. We are still in early stage. But people give up to volatility and exit. You can make it big through short term trading as well. Long term can be beneficial too but it involves more risk. You need to understand how much profit are looking for, for what purpose and in what interval. This will answer most of your questions.
huige007
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November 02, 2019, 03:25:12 PM
 #560

Bitcoin has a total supply of 21 million coins and out of that total supply, only a little over 18 million if them has been mined so far and it's estimated that it would take about 120 years for the remaining 3 million to be mined.

Bitcoin reached an all time high of $20,000 and this was at a time when less than 50 million people were using a bitcoin wallet worldwide so imagine what would happen when bitcoin finally achieves worldwide adoption and billions of people all over the world starts using it.

What I am basically trying to say is that Bitcoin is still in it's early stage compared to where I envision it to be in years to come, I don't like giving financial advice and that is why I gave you my opinion from my own point if view so that you can add it to your own research and make your own conclusions.
Those few investors will be the only rich investors in future then. Anyone who does not want to invest in bitcoin and chooses some other dependent asset, is committing the biggest blunder of his life. Bitcoin has been the most beneficial asset among all so far. Even gold is nothing in front of it. In order to achieve big, greedy investors need to be patient. Still a good news, bitcoin will be rising soon so they don't need to wait for long either.
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