[HOT]Bitcoin is getting rich quickly?

[alquinte]

Well you first need to have the proper capital to do that.
You also need to know the risks of course. This is where my main way of thinking comes along: only invest as much as you are willing to lose.

[Mpamaegbu]

Let's give an example of you bought 100 BTC at 9000$ Price and the price went 9010$ in seconds then you sold, so your profit will be 1000$, may 500$ fees, but the another 500$ you made it profit in seconds!

Let's discuss at the point!

This is the simple reason whales get richer at each little opportunity. Just imagine the little profit but great when multiplied by the huge investment of $900,000. How many people can afford such capital to invest in? Not many, anyway.

I got into Bitcoin just before the bubble of 2013. One week later it exploded and carried on exploding for weeks.

'Holy shit. This is incredible. It's like a money fountain. I am set, baby.'

After eight orgasmic weeks 2014 arrived and kicked my balls through the top of my head. I was in the red for the best part of three long and agonising years. It got there in the end. It sure as shit made me work for it.

What happened in 2013 also happened in 2017. It's an interval of 4 years. The same is expected to happen in 2021. It's the after effect of Bitcoin halving. From record, Bitcoin soars out of reach a year after every halving.

[GreenMelon]

Let's give an example of you bought 100 BTC at 9000$ Price and the price went 9010$ in seconds then you sold, so your profit will be 1000$, may 500$ fees, but the another 500$ you made it profit in seconds!
Let's discuss at the point!

Lol, you will make a flood in market in the case,
When you buy 100 BTC at the moment of price is 9000$
Then the price can go 10,000$ in seconds, this will make all sell, and price will go very low, and if won't happen, then you will sell at 9010$ and the price will go 7000$ or low in seconds,,,

The high amount the high change at price

[Asuspawer09]

Let's give an example of you bought 100 BTC at 9000$ Price and the price went 9010$ in seconds then you sold, so your profit will be 1000$, may 500$ fees, but the another 500$ you made it profit in seconds!

Let's discuss at the point!

You are correct some points if we are not going to consider the fees here your calculations are correct you could really earn that amount easily. Buying low and selling it for the high, it's still the best method.

It is just how the market works the higher the volume you buy for sure when the market price of bitcoin spikes the higher the profit you are going to get, but it was a big investment since you are buying a high volume of bitcoin also investing in high volume includes a big risk the easier you could earn a big profit the riskier its gets since when the market price drop even for a low amount you could easily lose a big amount of money.

[Assface16678]

I think the topic you are opening is good for trading because it is you are the luckiest person and the riches one once you made an investment into the bitcoin in just 9k dollar market value and you make a profit when the price goes up into 9010 dollars it is quite impossible that you can get a lot of profit on just that movement even an investment you cannot earn double up your money like not but in trading, it is quite possible because we are using the market volatile to make more money.

On investment, there is a possible chance that you only earn ten (10) percent or less on your profit if the market moves up into 1k dollars. In trading, you can make a lot of earning because of the market margin this may help you to double your funds immediately which is a good and instant profit I think you got a misconception on the use of the bitcoin. Read more and learn more also learn from the comments and suggestions by the other people.

[kryptqnick]

Can you specify more?, Dear friend

My darling, I have done all I can.

Getting rich quickly with Bitcoin is largely a matter of luck followed by the discipline to leave before it collapses again. I don't have a great deal of either.

Many people get the shit kicked out of them and have to stick it out to benefit on the other side.

Yes, given the purpose of Bitcoin and how volatile it is, I don't think it should even be considered as a 'get rich quickly' scheme. All those people who bought BTC during the ATH (when it cost around $20k) lost immense amounts of money and are still 50% short of what they spent on the purchase after 2.5 years (if they were holding the whole time). It's an easy to win with BTC as it is to lose, especially short-term.
And speaking of the example by gidobeen, if one has enough money to buy 100 BTC, this person is already rich, and $500-$1k is next to nothing for this person.

[Yatsan]

Let's give an example of you bought 100 BTC at 9000$ Price and the price went 9010$ in seconds then you sold, so your profit will be 1000$, may 500$ fees, but the another 500$ you made it profit in seconds!

Let's discuss at the point!

This is the simple reason whales get richer at each little opportunity. Just imagine the little profit but great when multiplied by the huge investment of $900,000. How many people can afford such capital to invest in? Not many, anyway.

Yeah very true, imagine these whales injecting millions of dollars in bitcoin that makes it pump then the small ones will see this is a rally start so they'll get to it after a 3% to 5% increase after the whale did inject, they pulled it out making 2% to 4% of his money. See how big is the opportunity of the rich unlike the average and poor ones? This where goes the saying rich getting richer, and poor getting poorer. It's sad right ?

I got into Bitcoin just before the bubble of 2013. One week later it exploded and carried on exploding for weeks.

'Holy shit. This is incredible. It's like a money fountain. I am set, baby.'

After eight orgasmic weeks 2014 arrived and kicked my balls through the top of my head. I was in the red for the best part of three long and agonising years. It got there in the end. It sure as shit made me work for it.

What happened in 2013 also happened in 2017. It's an interval of 4 years. The same is expected to happen in 2021. It's the after effect of Bitcoin halving. From record, Bitcoin soars out of reach a year after every halving.

I've seen enough of the market, from ups and downs, from heavily speculated price to failures, naah, numbers do speak a lot in here but the time? I don't think it matters. Whether the interval is 4 years it is still not a subject for 2021 discussion that the price will soar, coz any time it might rise if we all want to. Decentralization is making a lot of sense now, no one's in control nothing goes wrong.

[DeadCoin]

Let's give an example of you bought 100 BTC at 9000$ Price and the price went 9010$ in seconds then you sold, so your profit will be 1000$, may 500$ fees, but the another 500$ you made it profit in seconds!

Let's discuss at the point!

That is not something like that to play the market. Maybe you cant cover the fees when buying and selling Bitcoin on the exchange.
Remember that buying on exchange is different from selling price. It doesn't make sense at all if you are planning on this way of making a profit in Bitcoin. You will not quickly reach that. Invest in the long term and monitor the market price movement is the best way.

[madhavsinghrajput]

Let's give an example of you bought 100 BTC at 9000$ Price and the price went 9010$ in seconds then you sold, so your profit will be 1000$, may 500$ fees, but the another 500$ you made it profit in seconds!

Let's discuss at the point!

Yes you are right Bitcoin can make people rich quickly and this happens in every market be it stock market or crypto market and I agree volatility is much high in Bitcoin market but every coin has two side if Bitcoin can make you rich quickly than it can make you poor easily and quickly.These markets are based on mixture of luck and knowledge,if both triggered at right time than you are rich and if luck factor is Missing than your poor.

[gentlemand]

What happened in 2013 also happened in 2017. It's an interval of 4 years. The same is expected to happen in 2021. It's the after effect of Bitcoin halving. From record, Bitcoin soars out of reach a year after every halving.

Well, fingers crossed, eh.

These are officially weird times so anything could happen. The signs are there for some explosive action in the next couple of years but it requires enough flush people to follow through and make it a reality.

You can't plan your future around a cycle that's only happened twice so far. Third time lucky maybe.

[seoincorporation]

Let's give an example of you bought 100 BTC at 9000$ Price and the price went 9010$ in seconds then you sold, so your profit will be 1000$, may 500$ fees, but the another 500$ you made it profit in seconds!

Let's discuss at the point!

You have a valid point here, but not anyone has access to 100 bitcoins if you but that amount at $9k which means an investment of $900,000... So, there are tons of investments who will pay that 1% profit with lower risk. Your example doesn't work if our investment is small or something like $100.

[BITCOIN4X]

Let's give an example of you bought 100 BTC at 9000$ Price and the price went 9010$ in seconds then you sold, so your profit will be 1000$, may 500$ fees, but the another 500$ you made it profit in seconds!

Let's discuss at the point!

This proves that the more money you invest, the greater your chances of making a profit. I imagine what if a large investor bought 100 bitcoin at a price of $4,500 to $5,000 some time ago and sold it today. Really this is just a fantasy like flying without wings because we can only daydream.

I never had that much capital, in fact I had to sell most of my assets to own $ 10,000. We are small traders with $100 - $1000 capital, but we have at least a small profit. Imagining big profits will only help pump up enthusiasm and motivation to be able to produce something bigger.

[carlfebz2]

Let's give an example of you bought 100 BTC at 9000$ Price and the price went 9010$ in seconds then you sold, so your profit will be 1000$, may 500$ fees, but the another 500$ you made it profit in seconds!

Let's discuss at the point!

This proves that the more money you invest, the greater your chances of making a profit. I imagine what if a large investor bought 100 bitcoin at a price of $4,500 to $5,000 some time ago and sold it today. Really this is just a fantasy like flying without wings because we can only daydream.

I never had that much capital, in fact I had to sell most of my assets to own $ 10,000. We are small traders with $100 - $1000 capital, but we have at least a small profit. Imagining big profits will only help pump up enthusiasm and motivation to be able to produce something bigger.

Its really good to have those money or capacity on investing but we know that it wont really be that simple because pressure and stress would be there since we know that we are putting 100BTC

even if you are a whale then that number of coins is already a lot and how much more for us small time traders which are only capable on hundreds to thousand bucks investment?

Risk=management would really be the main thing, it doesnt matter if you do put up big or small but chances of profiting is just the same.

[tanjiran]

Let's give an example of you bought 100 BTC at 9000$ Price and the price went 9010$ in seconds then you sold, so your profit will be 1000$, may 500$ fees, but the another 500$ you made it profit in seconds!

Let's discuss at the point!

That's the thought that often makes a newbie trapped at a loss. Too profit-oriented so they use all means and offers because he thinks he can get wealth instantly with Bitcoin. In fact, it's not like that.

Many fraudsters.

Many scammers.

Market movements are very extreme.

Comparable with the opportunities available, the risk of loss is also large. It takes great luck if you can get instant benefits without learning and adapting in this ecosystem. So are you only going to rely on luck?

[ChiBitCTy]

I’m not really sure what we are discussing here..how to get rich quickly, should you utilize these types of strategies to try and get rich quickly or ? I often get asked by my clients about marijuana stocks. Most have little no financial education or experience so my first step is crushing their dreams ( marijuana stocks have a long way to go for high growth and many hurdles right now so it’s very very risky Just like BTC). But then I ask , do you have a bank account with a few months rent in it? Do you have your retirement plan in place and are you on track to meet your goals? Do you have an outside trading account with some mid term investments? If so, then sure try and hit some home runs, but be prepared to accept significant and quick losses.

To the avg person who has no idea how to trade or any technical analysis savvy ..just dont do it.

[MoreMoneyHunt]

Getting rich quick with Bitcoin and other cryptos is not a guarantee. Yes, you can be lucky but it won't always happen that way. You can buy today and see a massive bearish candle breaking your heart.

[Pixyoxx]

Yes i also think so it can make you rich quickly but lets not forget that it also jumps down everything has two sides suppose if you bought a a bitcoin costing 2000dollars and it goes down to 1500dollars in just a week then you'll have to wait till it goes up and it can take some time but you'll have to wait on the other hand it could also go to 3000 dollars risk factor is always there bro. Still i think that bitcoin can give you high returns.

[lumeire]

Let's give an example of you bought 100 BTC at 9000$ Price and the price went 9010$ in seconds then you sold, so your profit will be 1000$, may 500$ fees, but the another 500$ you made it profit in seconds!

Let's discuss at the point!

Now take another example OP, suppose you brought bitcoin at $20k and in a day the price went to $16k, now please calculate the losses and see whether bitcoins is get rich quick scheme or more of a hold for a lifetime scheme. I guess you can clearly see by this post that only an experienced person can see past minor market fluctuations and also should be patient enough to wait to see profits and not sell at the time of panic selling in the market.

[MCobian]

I agree that bitcoin can make rich quickly, there are already many people who are lucky to buy bitcoin when prices are dumping.
Then not long bitcoin price pump and can take profit. Because the price of bitcoin is volatile it is very possible getting rich quickly,
even though it is actually people when getting rich quickly just got lucky. And also the amount of capital used also affects the profit
that we produce. The greater the capital used, the greater the profit we make.

[xiboothrezi]

I agree that bitcoin can make rich quickly, there are already many people who are lucky to buy bitcoin when prices are dumping.  Then not long bitcoin price pump and can take profit. Because the price of bitcoin is volatile it is very possible getting rich quickly,  even though it is actually people when getting rich quickly just got lucky. And also the amount of capital used also affects the profit  that we produce. The greater the capital used, the greater the profit we make.

More risk ... more profit

If we don't have the ability and knowledge to adapt, then the chances are getting smaller, only luck can save. So, to increase opportunities for profit, we must understand the risks involved and determine the right strategy to minimize those risks. We should know that like other investment products, investing in cryptocurrency also has risks, even greater because of its high volatility. If there is an opportunity: get rich quick with Bitcoin, then the opportunity to lose is also equal.