How to Get Rich Quick - Bitcoin

[princeyeboah]

One lessons I learned before joining the crypto space is that crypto is not a get rich quick avenue. If it were to be so, probably most of the people here would have reached their self-actualization need on the pyramid. There are times within the crypto market where prices go down for investors to buy more and there are times when prices go up for investors to sell and make profit. What makes the difference here is the capability to recognize these times in order to make the buy and sell orders.

[lobster88]

Truly, the world of crypto currencies where Bitcoin was there is that a world full of misteries and surprises. It entails a lots of efforts to have or gain Bitcoin. Truly, when that certain entrepreneur have invested in Bitcoin, the Bitcoin has a good state in the crypto market. But if we will compare it now to our current crypto market, it is very doubtful to make invest in here right now.

[xvids]

I don't think that there is a quick way to get rich unless you're a lucky person that would win in a lottery or invest in Bitcoin at a bearish market and after a few day a bull run would start.

[Siren]

LUcky for you early adopters because the capital you invested is surely profiting now even how deep the market is,but those who enters few years ago is untill now dealing in losses and struggling to atleast recover their funds,but ofcourse things are different for the people that has a trust for the cryptocurrency as we taking advantage this dip now and buying as much as we can afford

I am at loss now for atleast 60% from my initial investment but i dont consider that as losses instead i took it as challenging investing for me

And for those who think that bitcoin is instant Money?then think again because it is not

[Kakmakr]

Also is that show on BBC or something else? Cant find it in the BBC site. Anywhere us outside the UK can watch it online?

Get it here, https://www.channel4.com/programmes/how-to-get-rich-quick  As I said before, this is not a TV Series based on Crypto currencies, but rather a much broader coverage of all possible investment and entrepreneurial ventures that people can use to become rich.

They just had a little insert on Crypto currencies, where he takes his granny and they invest money into something, to see if they can make a profit or a loss over the short term.  

[gribble]

Ok, it is not what you are thinking. Bitcoin is not a Get rich quick scheme, but the UK series "How To Get Rich Quick - Season 1 episode 3 includes some footage of a rich entrepreneur, Dave Fishwick, creator of Bank of Dave, discussing Crypto currencies as one investment option to become rich.

Luckily for us, the Bitcoin price at the time, generated a small profit when that episode was shot and he even commented that the profit he made then, were the equivalent of 3 years of interest in a local Bank.

I made 800%+ profit on my initial investment over a period of 4 years. (200% per year) - Go watch the series, it is full of good tips for the budding entrepreneur out there.   <It is also not focusing on Crypto currencies, but all the methods that can be used to increase your wealth> 

Edit - I wonder how many people will only reply to the Thread title and not on the content of the actual topic now.  

Thank you for your shared your experience and useful information about the cryptocurrencies as one investment opinions to become rich and i agree with it because only in the cryptocurrencies we can make profit 200% per year even more than on other instrument of investment such as stock or forex, for me don't think about the money, always think where the money will goes and it will goes to cryptocurrencies.

[2double0]

Also is that show on BBC or something else? Cant find it in the BBC site. Anywhere us outside the UK can watch it online?

Get it here, https://www.channel4.com/programmes/how-to-get-rich-quick  As I said before, this is not a TV Series based on Crypto currencies, but rather a much broader coverage of all possible investment and entrepreneurial ventures that people can use to become rich.

They just had a little insert on Crypto currencies, where he takes his granny and they invest money into something, to see if they can make a profit or a loss over the short term. 

But even if considered a different niche based TV series, when Bitcoin's name gets used in front of such broad audience then it is definitely going to get some exposure not to forget those millions of people watching it and these guys saying all this about crypto. I don't think that's a nice definition of crypto among youth but the name used in it is enough to show what crypto has gained since its evolution. That's true that none of the banks can compete against Bitcoins and I truly say that BTC is not a currency but a bank in itself.

[plvbob0070]

Ok, it is not what you are thinking. Bitcoin is not a Get rich quick scheme, but the UK series "How To Get Rich Quick - Season 1 episode 3 includes some footage of a rich entrepreneur, Dave Fishwick, creator of Bank of Dave, discussing Crypto currencies as one investment option to become rich.

Luckily for us, the Bitcoin price at the time, generated a small profit when that episode was shot and he even commented that the profit he made then, were the equivalent of 3 years of interest in a local Bank.

I made 800%+ profit on my initial investment over a period of 4 years. (200% per year) - Go watch the series, it is full of good tips for the budding entrepreneur out there.   <It is also not focusing on Crypto currencies, but all the methods that can be used to increase your wealth> 

Edit - I wonder how many people will only reply to the Thread title and not on the content of the actual topic now.  

Well it's a great thing to give advice how they become successful because of bitcoin based on their own story. It's a great help to give inspiration to others. But I think it's not easy to become rich. There are factors you have to consider, it includes being a risk taker, and also learning that sometimes there is always a failure. Just like in bitcoin, there's up and down and when you invest there's a possibility of gaining or losing

[lienfaye]

I think he made the right decision venturing every possible way to gain profit. Investing in crypto is not different in other investment opportunity existing out there because it is associated with risk.

In my case I dont rely with my income here in crypto, its important to have an alternative sources to increase your profit to sustain or even surpass the money you need each month.

Dont just stop there, continue to search for the betterment of how you want to live your life.

[eternalgloom]

You could say that, in essence, he's right that cryptocurrency is one way to get pretty decent amounts of profit.
The thing is that cryptocurrency trading is way more accessible than trading on the stock market.

I've tried out different stock trading platforms, but when I compare them to cryptocurrency trading platforms, I find that there's way less 'hassle' to just trade with cryptocurrency.

Just think about it, I can always withdraw my profits instantly, just because I'm not dependent on bank to process the transaction.
when you pick and choose the right platform, you can start trading immediately, which is definitely not the case when you're trading on the stock market.

[veleten]

the easiest way to get rich by doing nothing
just buy and HODL and pray it is performing as good as before
the best performing asset by far - gold ,silver and everything else are smoking nervously nearby

[MetalGear]

As a matter of fact there is no easy way to get rich instantly but it may happen if you hit the jackpot prize in lottery or in gambling. But, by just using bitcoin you need to work hard and put all your effort on making money with bitcoin. I think if you want to become rich in the future you should invest in bitcoin.

[pawanjain]

Ok, it is not what you are thinking. Bitcoin is not a Get rich quick scheme, but the UK series "How To Get Rich Quick - Season 1 episode 3 includes some footage of a rich entrepreneur, Dave Fishwick, creator of Bank of Dave, discussing Crypto currencies as one investment option to become rich.

Luckily for us, the Bitcoin price at the time, generated a small profit when that episode was shot and he even commented that the profit he made then, were the equivalent of 3 years of interest in a local Bank.

I made 800%+ profit on my initial investment over a period of 4 years. (200% per year) - Go watch the series, it is full of good tips for the budding entrepreneur out there.   <It is also not focusing on Crypto currencies, but all the methods that can be used to increase your wealth> 

Edit - I wonder how many people will only reply to the Thread title and not on the content of the actual topic now.  

Well I think that this post would have made more sense when the price of BTC was at around $15000 after falling from $19k .
People were dumping shitload of money into bitcoin those days which had lead to a sudden surge in price. People did not understand that it is not a get rich quick scheme and later bitcoin fell down to $15000.
This made people realize their mistake. I guess people should believe in the technology before investing in bitcoin just for the sake of money.

[posi]

I dont know why most people complain about Dave Fishwick statement when he said bitcoin is a way to get rich quick which i believed it a hype statement in other to make boost up investors, we said we need some advertisement which will make people see the bright side of bitcoin and he's doing it for us all.

I respect for the positive things he said about bitcoin and it will be more better if we have more people that can come out like him and say something positive about bitcoin.

[1Referee]

the easiest way to get rich by doing nothing
just buy and HODL and pray it is performing as good as before
the best performing asset by far - gold ,silver and everything else are smoking nervously nearby

Well, hodling is something you can always do. It's much better if you actually build up a business and hodl Bitcoin at the same time. Even better, build up a Bitcoin related business and contribute to the ecosystem here, which eventually will favor your investment in Bitcoin as well.

On the other hand, it's not that easy to hodl through a 50-100% pump for most people, especially if the price starts to go down and they realize that they were better off cashing out.

There is a way to force yourself to hodl though, which is by utilizing a feature called timelock. It's rather extreme and not without potential side effects, but hey, if you truly believe in Bitcoin but not in yourself, this is definitely an option to consider.

[The Cryptovator]

800% within 4 years isn't quick scheme to me. I think its regular scheme. Whoever want to make 800% within day or week they are on quick rich method. But your method is best with low risk. Most likely you bought bitcoin on dip and sold it on bull market. This isn't not bad idea as well. Finding quick rich method on bitcoin will stupid attempt. Bitcoin able to give regular profit if you have enough patience.

[BorisWCR]

Bitcoin is not an instant way to get rich. It not a magic that will eventually turns you into a millioner. If you want to get rich through Bitcoin, you need a lots of efforts and exerts hardworks to gain Bitcoins on your own and not to just relay on the Bitcoin itself because we all know that Bitcoin has a very unstable state in the crypto market.

[PlusOne88]

It's more of a luck to get instantly rich. There is no way to really become one except when you have probably won on a lottery or perhaps have found a treasure of gold or whatsoever. Yet having more money do not make you are really rich person, It is hard work and your successful planning that will lead you there. There are no shortcuts and it would be the sweetest if you finally rich the top with all the hard work and preparations.

[iMark]

800% within 4 years isn't quick scheme to me. I think its regular scheme. Whoever want to make 800% within day or week they are on quick rich method. But your method is best with low risk. Most likely you bought bitcoin on dip and sold it on bull market. This isn't not bad idea as well. Finding quick rich method on bitcoin will stupid attempt. Bitcoin able to give regular profit if you have enough patience.

I think depending on your point of view, as workers and employees get rich in 4 years, of course including a fast time seeing the small income that I have, but as a boss of course 4 years with 800% profit is a long time, a trader can benefit as big as that in less than a month #imo

[Kakmakr]

800% within 4 years isn't quick scheme to me. I think its regular scheme. Whoever want to make 800% within day or week they are on quick rich method. But your method is best with low risk. Most likely you bought bitcoin on dip and sold it on bull market. This isn't not bad idea as well. Finding quick rich method on bitcoin will stupid attempt. Bitcoin able to give regular profit if you have enough patience.

I think depending on your point of view, as workers and employees get rich in 4 years, of course including a fast time seeing the small income that I have, but as a boss of course 4 years with 800% profit is a long time, a trader can benefit as big as that in less than a month #imo

The 800% in 4 years was just a personal example of the rewards that can be gained, if people can resist the urge and pressure to sell their coins. We are being bombarded with FUD about Bitcoin failing and also tempted with cheap consumer goods on a daily basis and it takes guts to resist the temptation to use or sell those coins. 

Make sure you find a good balance between hoarding and selling coins prematurely, because it might cost you a lot of profit in the future. I spend only 20% of all the coins that I buy on a regular basis.