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Author Topic: [HOT]Bitcoin is getting rich quickly?  (Read 673 times)
Ridwan Fauzi
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June 02, 2020, 03:06:28 AM
 #61

That is true, but do you have such capital?

Actually trading crypto currency (bitcoin/altcoin) it is depends on your capital. You will have a high chance to gain profit shortly if you have a huge capital. You don't need bitcoin only, you have a chance to buy some altcoin like ADA or ETC which is their price are trying to increase.

But you have to aware with risk that will be faced, an example you buy bitcoin $9000 but its price is decrease to $8800 in one second you will be lose much as well. Bitcoin (and I've been considered that altcoin can do that as well) can make you getting rich quickly but it is otherwise when the coin that you buy decreased you will go bankrupt quickly.
shoreno
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June 02, 2020, 03:52:28 AM
 #62

That is true, but do you have such capital?

Actually trading crypto currency (bitcoin/altcoin) it is depends on your capital. You will have a high chance to gain profit shortly if you have a huge capital.

he was only using that amount as an example because its clear that the amount was too high enough that a regular people wont afford it but maybe whales can   .  small amount of capital does not also mean that you cant earn a good profit  . its still possible as long as you hodl for a long  time  that your capital already grew by 3 to 5 times   .  also huge capital does not also means that you can only earn big  , ofc huge risk also awaits you  . i saw many big investors loose just because of doing a  wrong move  .
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June 02, 2020, 05:01:12 AM
 #63

I came to bitcoin in May,2017. After I started trading I doubled my money only in 3days. Then I thought it is a great way to earn money for a girl like me. I can easily get richer by this method. But after only 1weeks reality show me the real face of it. You can't always win a trade. But if you can win 70% of your trade than there is a good chance for increasing your money.

After all I don't think that BTC is a getting rich quickly scheme. For some it maybe but for me it's not.
Nhor1011
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June 02, 2020, 05:29:50 AM
 #64

Getting rich in bitcoin in just a second is very impossible to happen. There is no person become rich immediately because it takes time. When you invest now you can't also get the profit now. Specially if you only have small amount of capital to invest. Also making a huge profit out of bitcoin is just a matter of luck and patience.

michellee
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June 02, 2020, 08:03:37 AM
 #65

I came to bitcoin in May,2017. After I started trading I doubled my money only in 3days. Then I thought it is a great way to earn money for a girl like me. I can easily get richer by this method. But after only 1weeks reality show me the real face of it. You can't always win a trade. But if you can win 70% of your trade than there is a good chance for increasing your money.

After all I don't think that BTC is a getting rich quickly scheme. For some it maybe but for me it's not.
I would call that a lucky moment. If you can double your money in 3 days, you are so lucky, and not all people can do the same as you. But as you already get another experience, indeed, trading does not always win because sometimes, we can get lost too, and if we don't know how to minimize the risk, the lost will be bigger. So bitcoin is not a getting rich quickly scheme because we need to hard work every day and every time. After all, the market will always change.

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June 02, 2020, 10:01:52 AM
 #66

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 example clearly implies that the person investing is very rich. 100 Bitcoin at the current price is $1,000,000.
Therefore this man from your example is already rich even before he starts investing in cryptocurrency  Cheesy

Anyway, most of the people who thinks Bitcoin is a get rich quick scheme was left disappointed lol.
There's no short cut in earning good profit. That example ain't easy, you don't expect to sell that massive amount of Bitcoin all at the same time.

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