Can I still get wealthy through Bitcoin?

[patz22]

Getting rich will not happen with just a snap of your fingers you have to learn a lot, suffer and even lose a lot before making that happen but that would depend on you if how much or in what way you are going to do your crypto, is it going to be trading? Mining? Investing for long or short term? Those kinds of stuffs.

[gabbie2010]

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.

So many years ahead for blockchain project a pointer to the fact bitcoin had not reached its peak with the turn of events of the price of bitcoin this alone ( price  from $3300 to $9K+)  is a fact that hodlers and accumulators of bitcoin will make enormous huge profits or possibly became wealthy in years ahead going through the present statistic of few numbers of bitcoin users indicating that more worldwide adoption will triggers the price upward.

[riso2015]

Getting rich will not happen with just a snap of your fingers you have to learn a lot, suffer and even lose a lot before making that happen but that would depend on you if how much or in what way you are going to do your crypto, is it going to be trading? Mining? Investing for long or short term? Those kinds of stuffs.

But if you invest with Bitcoin as a long term then buy BTC now and then hold it until a few years later,
I'm sure your assets will double. To get rich with Bitcoin you need to do several ways to increase your Bitcoin balance, like Trading or Mining.

[yulionoo]

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.

Yes, I agree with your opinion. bitcoin and cryptocurrency cannot make us rich without maximum hard work. all successful people must start from zero, then they learn how to earn money from bitcoin or cryptocurrency. a wrong perspective if we look at people who in the past had bought bitcoin when prices were so cheap, then they held it back so that now they can get rich. I think we will still be able to become rich with Bitcoin if we want to learn about trading strategies. and willing to work hard to find capital to invest with bitcoin.

[tungaqhd]

Getting rich will not happen with just a snap of your fingers you have to learn a lot, suffer and even lose a lot before making that happen but that would depend on you if how much or in what way you are going to do your crypto, is it going to be trading? Mining? Investing for long or short term? Those kinds of stuffs.

Of course, no one can get rich in the blink of an eye unless they are super lucky and win the lottery, if we were determined to be rich with bitcoin, a lot of factors are indispensable to success, experiences, predictive skills, approaches and problem solving, many factors need to gather to make us truly rich. And don't think about the story that only holds and someday we'll be rich, a lot of people here get this information, a story that I feel is very wrong but many people still believe, no one could have become so rich in such a simple way

[Fappanu]

You are not late, Bitcoin is not yet in the middle of adoption so there is a high chance that you will still be rich here.

Just like in 2017 to 2018 where the price of bitcoin booms to 20,000 $. And many people get rich because of it. So buy bitcoin now because that event will happen again and it will surely the price will be double over the previous all time high.

[juperos]

You can get rich at any time if you want with different ways and different rich people view, cryptocurrencies are quite new in the current investment form so to avoid risks and losses. As you like, it's better to research the market, find out more information. Spend some money that you can lose without affecting your life, then practice it as a new experience. The most important thing is that you must persevere and work hard. Wealth will belong to you.

[nelson4lov]

Make no mistake, Bitcoin is basically like fiat(cash) but it's  more decentralized. The same way you would earn money or get wealthy with fiat, It's the same way here just that Bitcoin has a few more ways to earn. If you have services, you can offer and receive payment with Bitcoin or altcoins. You can even mine, participate in reward campaigns (bounties, Airdrops etc). You can even earn by being a profitable trader. My points is, You've to put in the work to earn a decent amount like you would in the real world. Don't get too digitalized and feel you ought to get ruch quick overnight. Getting wealthy is very much possible.

[bohr]

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.

It seems that many people have the mistaken idea that early adopters are still holding their coins, and even if that is true in some cases many of them sold their coins when bitcoin was worth less than 1k and many probably sold for prices way cheaper than that, even if someone bought bitcoin today the chances that he makes 10x during the next 10 years seem really good to me and you can get those profits by just holding, imagine what you can get if you can trade your coins successfully.

[Cherylstar86]

You are not late, Bitcoin is not yet in the middle of adoption so there is a high chance that you will still be rich here.

Just like in 2017 to 2018 where the price of bitcoin booms to 20,000 $. And many people get rich because of it. So buy bitcoin now because that event will happen again and it will surely the price will be double over the previous all time high.

Nowadays, I can say and believe that bitcoin can give a wealthy way to those users here in crypto currency community in which it's already proven way back 2017. In some case, it takes time to wait and needs more patience and understanding when you want to have a huge amount of profit in the future and you have nothing to do about it but to wait unless you want to be part of trading.

[alan2here]

You are not late, Bitcoin is not yet in the middle of adoption so there is a high chance that you will still be rich here.

Just like in 2017 to 2018 where the price of bitcoin booms to 20,000 $. And many people get rich because of it. So buy bitcoin now because that event will happen again and it will surely the price will be double over the previous all time high.

Bitcoin has a lot of potential to serve this world and this coin is always mentioned a lot in big events so if you decide to invest, this choise is absolutely good for your profits. There have been many big changes in 2019 and many of the top coins are having a strong recovery this year so surely 2020 will be a very worthwhile year to wait for because this is the year that determines the economy of world .

I have missed many opportunities to make profits from this market but will never give up because I have great confidence when investing. Currently, Bitcoin is still very cheap and the possibility of reaching $16,000 is absolutely possible at any time.

[clickerz]

You are not late, Bitcoin is not yet in the middle of adoption so there is a high chance that you will still be rich here.

Just like in 2017 to 2018 where the price of bitcoin booms to 20,000 $. And many people get rich because of it. So buy bitcoin now because that event will happen again and it will surely the price will be double over the previous all time high.

True, its still early and bitcoin is nearly 10 years old. More years for bitcoin to thrive and grow.

Nowadays, I can say and believe that bitcoin can give a wealthy way to those users here in crypto currency community in which it's already proven way back 2017. In some case, it takes time to wait and needs more patience and understanding when you want to have a huge amount of profit in the future and you have nothing to do about it but to wait unless you want to be part of trading.

Yes, there is still an opportunity in bitcoin and have gained from it I think it is better to think for the long term. There will be big changes after 1o years, for other decades, etc and bitcoin will change the way we transact online. We are still in the early stage and more room to grow for BTC.

[Darooghe]

Yes, Of course. with decentralization comes instability, and cryptocurrencies are known for being highly volatile and unpredictable. Like most high-risk investments, this leaves opportunity for reaching ridiculous levels of wealth. For an example an investor who had $500 worth of bitcoin in 2010 would be worth at least couple of billions today. but there is no guaranteed way of getting rich by Bitcoin anymore. Seriously, it’s not too late to earn money with bitcoin but thinking that a few thousand dollars will get you there is not very realistic. Bitcoin price goes beyond it's expectation, and now you should buy and sell it to gain money from it.

[Vishnu.Reang]

As long as the adoption increases, there is a chance that we may get a new ATH sometime in the near future. A few weeks ago, there was a media article which claimed that the number of cryptocurrency exchange users have doubled during the past 12 months. If we have such growth in the number of users, then sooner or later we will be having a corresponding increase in the exchange rates as well.

[Kevondo]

Make no mistake, Bitcoin is basically like fiat(cash) but it's  more decentralized. The same way you would earn money or get wealthy with fiat, It's the same way here just that Bitcoin has a few more ways to earn. If you have services, you can offer and receive payment with Bitcoin or altcoins. You can even mine, participate in reward campaigns (bounties, Airdrops etc). You can even earn by being a profitable trader. My points is, You've to put in the work to earn a decent amount like you would in the real world. Don't get too digitalized and feel you ought to get ruch quick overnight. Getting wealthy is very much possible.

Bitcoin is not like fiat in any sense. And being decentralized is not a little thing. It is the biggest game changer here. Decentralized means having no central authority or central servers which means no one can control your asset. Fiat and paper money are controlled by governments and that is why we have problems like inflation. Bitcoin gives anonymity, security, freedom of control which fiat can’t.

[EdenHazard]

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.

Cryptocurrency always gives people something that what other people called as impossible! Look at how the bitcoin value surge from $200 to $20,000 it's 100x!

No wonder people continue hoping for the next chance to get another 100x and getting rich overnight which it's a little bit dreamy.. there's bigger chance for you to get that 100x return if you watchin altcoins closely, I'm sure the next bull run there's some altcoins who gonna make it happened!
Bitcoin itself to get 100x seems unlikely happened in the near future... $9,000 to $900,000? No not now ... but in 5 years maybe.

[cryptothreads]

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.

Cryptocurrency always gives people something that what other people called as impossible! Look at how the bitcoin value surge from $200 to $20,000 it's 100x!

No wonder people continue hoping for the next chance to get another 100x and getting rich overnight which it's a little bit dreamy.. there's bigger chance for you to get that 100x return if you watchin altcoins closely, I'm sure the next bull run there's some altcoins who gonna make it happened!
Bitcoin itself to get 100x seems unlikely happened in the near future... $9,000 to $900,000? No not now ... but in 5 years maybe.

Bitcoin in the period from 2009 to 2015 usually did not have too much interest so people only see this coin as a tool to make money during that period but after Bitcoin reached the price of $20,000 in 2017, a lot of people begin to understand this market more. I think the increase in Bitcoin price is unpredictable because all our predictions in that period of time are inaccurate and Bitcoin is always contrary to everyone's thinking.

If you have hold Bitcoin since launch, you have become very wealthy and perhaps you only need to sell Bitcoin every day to make a profit in this market. Of course this is not possible because everyone has sold Bitcoin at $200 and very few investors can hold until now.

[jhonjhon]

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

Right, because if you think and hope of getting wealthy all the time and when a big drop comes then you'll be disappointed and stressed because it is your money. We all know that bitcoin is very unpredictable and sometimes it will hit rock bottom so just invest your spare money and always be read for the worst because we don't hold the future and we don't know what's gonna happen.

[TIDOVEE]

Yes, you can get wealthy with Bitcoin. If you are diligent in investing and patient enough. There a many wealthy people from Bitcoin especially at the 2017 bull run. But I will suggest you are not to enthusiastic about the Bitcoin wealth, while you promote Bitcoin, the wealth will locate you. You can get involved in trading, mining, investing, the games and gambling. Bitcoin has so many more values than just it's monetary value.

[alan2here]

Yes, you can get wealthy with Bitcoin. If you are diligent in investing and patient enough. There a many wealthy people from Bitcoin especially at the 2017 bull run. But I will suggest you are not to enthusiastic about the Bitcoin wealth, while you promote Bitcoin, the wealth will locate you. You can get involved in trading, mining, investing, the games and gambling. Bitcoin has so many more values than just it's monetary value.

I also wish I could get rich from Bitcoin because this is the only coin that has a lot of value in my daily life. In fact, some major countries are starting to use Bitcoin to pay or pay their employees. In addition, blockchain technology is also applied a lot in health, banking, real estate, so I am sure Bitcoin will soon increase in the near future and people have great confidence in the crypto market.

It is possible that the value of Bitcoin is currently very volatile but it will certainly come at a time of price increase because investment demand is on the rise and everyone chooses Bitcoin the best asset to hold.