coolcoinz
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August 09, 2020, 03:32:15 PM |
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And you said that based on... your crystal ball?
Actually, you have a high chance of being right, because in that period we either will be in a bull market or we won't, so, without further considerations you have a 50% chance of being right.
I just don't see you coming back to this post to comment if you are wrong.
One thing I'm pretty sure of, it will not be a total bear market like 2018. We need a bull run first fort that to happen, even if the bull run ends with a fakeout (approach to 20k and no new ATH). On the other hand saying that it's a safe bet that you'll buy BTC today and become rich in a year or 2. There are predictions that the bull market could take years and finish with an ATH not much higher than 20k so you might her the same results investing in Amazon.
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Twentyonepaylots
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August 09, 2020, 03:39:29 PM |
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We can say that it could be, since crypto could be a short cut for getting rich however that's not always the case with investing. Investing isn't sure especially with the market like this, though your chances in getting profit is huge when you hold for a long time but I guess that's not how you set your mindset with cryptocurrency. I've thought of this too, I imagined myself riding a lambo in 2020 when I saw the price of bitcoin in 2017 and look at me now still in my apartment eating some chips. If you rely your fate on getting rich with cryptocurrency, have a Good Luck! I'd better be learning some skills while investing on crypto.
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cryptoboss2020
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August 09, 2020, 03:45:20 PM |
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We can say that it could be, since crypto could be a short cut for getting rich however that's not always the case with investing. Investing isn't sure especially with the market like this, though your chances in getting profit is huge when you hold for a long time but I guess that's not how you set your mindset with cryptocurrency. I've thought of this too, I imagined myself riding a lambo in 2020 when I saw the price of bitcoin in 2017 and look at me now still in my apartment eating some chips. If you rely your fate on getting rich with cryptocurrency, have a Good Luck! I'd better be learning some skills while investing on crypto.
like every ponzi scheme....be early in btc is big enough ponzi so you might earn good profit if you dont go in too late.
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BITCOIN4X
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August 09, 2020, 04:28:18 PM |
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If so, lets we both dream that it will come true. LOL What you say is almost the same as gambling, you only hope to be rich without having the ability to open the door to wealth because there is no skills. Trading and investing without knowledge and skills is an easy way to become poor, there is no easy way to get rich unless you are a lucky person.
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pixie85
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August 09, 2020, 05:15:24 PM |
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like every ponzi scheme....be early in btc is big enough ponzi so you might earn good profit if you dont go in too late.
It's never to late to buy Bitcoin. ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) I hope you're trolling with that ponzi allegation. Nobody is going to take you seriously if you keep that attitude up. You can like it or not, be for or against it, but saying stupid things will stick a troll label on your back. Not the smartest way to start a forum career.
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Mauser
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August 09, 2020, 07:20:55 PM |
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Its a best time for People to become rich. Don't need skills just Invest in crypto stocks Gold and take Easy loans I Think its a best time for People without skills or Much of Knowledge to become wealthy. ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif) When times are hard and no money in circlelation then its hard for People without any skills or education to prospel Now its a time When a lot money will be Every Where and People like me without skills or education Can Finnally become rich and wealthy I don't know mate, buying gold at 2000 USD is a very high price already. Just to double your investment gold would need to go up to 4000 USD. Commodities should definitely be an investment for every portfolio but I think the upside potential is limited. I would recommend to better invest into crypto currencies.
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Rikafip
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August 09, 2020, 07:29:40 PM |
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Its a best time for People to become rich. Don't need skills just Invest in crypto stocks Gold and take Easy loans
That's a recipe for disaster, taking loans to invest in something as volatile as crypto is. We saw that fomo mentality back in late 2017 when people were actually doing that, taking huge loans and buying crypto, and we all saw how that ended up for them. Crypto market looks bullish now, but let's say you take a loan, buy BTC and some major shit happens and price plummets back to few thousands (there is always chance for thst). Golden rule- invest only what you can afford to loose.
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audaciousbeing
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August 09, 2020, 08:53:12 PM |
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Its a best time for People to become rich. Don't need skills just Invest in crypto stocks Gold and take Easy loans I Think its a best time for People without skills or Much of Knowledge to become wealthy. ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif) When times are hard and no money in circlelation then its hard for People without any skills or education to prospel Now its a time When a lot money will be Every Where and People like me without skills or education Can Finnally become rich and wealthy All years is the best one to make money and become rich. It depends on the opportunity everyone sees. I wonder what those who invest in the early years of bitcoin would say to those investing now because to them, the time to invest is about a decade ago and there is nothing anyone could do to turn around the hands of time.
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Wawa2013
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August 09, 2020, 09:10:13 PM |
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I agree that 2020-2021 is the best opportunity to get rich, looking at the bullish market in the crypto world. As we know cryptocurrency very volatile, which means the market suddenly can dumps. So the odds are 50-50, and related to investment using loan capital highly not recommended. Because investing is like gambling, if we are lucky we can make big profits with suddenly soaring asset values. But on the other hand, there is a possibility that the asset value could suddenly drop. And if our assets go down, there is no way we can pay off the loan debt.
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tbterryboy
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August 10, 2020, 05:16:14 AM |
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I would say that no skills needed is definitely wrong I agree. However when there is more money to be made in the market, because there is plenty of money printed out and given out, I would agree that you could make more money this year than any other year. This doesn't mean that it is easy, it is still difficult to make profits, however it is definitely easier to make money comparatively speaking to previous years.
For example making profit this year was probably hardest in the memory since 2008, we are talking about a situation where you didn't even worked for months, how could you make a profit when you didn't even open your business? That is why some years are harder and some years are easier, this doesn't mean easier years are easy, just means easier, always keep that in mind always.
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imstillthebest
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August 10, 2020, 06:10:57 AM |
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. . .
All years is the best one to make money and become rich. It depends on the opportunity everyone sees. I wonder what those who invest in the early years of bitcoin would say to those investing now because to them, the time to invest is about a decade ago and there is nothing anyone could do to turn around the hands of time. we cant change the time and return it on the past where btc is still cheap but price can only make a way to do that . have you not see that price isnt stable and it also goes down , imagine if the dump continue all late investors are going to be happy but old investors already the know that its possible to happen . both kind of investors are the same , both sees an oppurtunity but the only difference is one is late and one discovered btc early
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vaultman
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BountyMarketCap
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August 10, 2020, 06:42:39 PM |
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The easiest way to get rich guaranteed is to participate in bounty campaigns, and then invest received money in cheap cryptocurrencies, which can increase tens of times in price in the shortest period of time.
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cryptoboss2020
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August 10, 2020, 11:12:50 PM |
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best is if you dont spend money like a fool save it for the hard times
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Mi$$sero
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August 20, 2020, 12:15:28 PM |
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best is if you dont spend money like a fool save it for the hard times
Financial responsibility is something that is learnt through a crisis. People that have went through recessions realize the importance of money, on the other hand, people that have only been working for ~5 years usually do not have a taste of the struggle and focus on easy come - easy go stuff.
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sarmrakib
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August 20, 2020, 01:36:28 PM |
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It was a good time and the is not yet finished .I think the people who have a few money can be invest in crypto need to have patience until it hits the level he wants .Invest in crypto always a good idea if you have few knowledge can invest on it .So its better to study a few before invest.
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Kasabus
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August 20, 2020, 02:09:41 PM |
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The easiest way to get rich guaranteed is to participate in bounty campaigns, and then invest received money in cheap cryptocurrencies, which can increase tens of times in price in the shortest period of time.
Bounty campaigns nowadays are not that profitable compared before so don't expect that you will earn big from bounty campaigns these days. Maybe you can start investing in cheap but potential cryptos with your own hard earned money but definitely not from loans. Invest in bitcoin and you will make huge gains if its price goes to the moon again.
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Ridwan Fauzi
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August 20, 2020, 02:32:22 PM |
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If so, lets we both dream that it will come true. LOL What you say is almost the same as gambling, you only hope to be rich without having the ability to open the door to wealth because there is no skills. Trading and investing without knowledge and skills is an easy way to become poor, there is no easy way to get rich unless you are a lucky person.
Even, if we gamble we need a strategy as well to at least have a hope to win. It means, you need some strategy as well and you need to have some knowledge to start. I still remember when I start trading and at that time I just depend on my lucky. I have no knowledge especially some strategies like candlestick, chart pattern and etc so I just loosing money. Comparing now, I learn more about candle stick, chart pattern and another strategy so as I have more confident to gain profit. It will be like that, if you just enter to the market without zero knowledge although the market sentiment is good it will be useless.
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slapper
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August 21, 2020, 05:56:39 AM |
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I don't think it is easy. If you don't have the knowledge and blindly putting your money on any kind of investment, the loss will come and visit you. Remember 2017-2018? many people say that it was the golden age of bitcoin and the cryptocurrency. However, there were many people who lose their money during this time. Most of them don't know about bitcoin and cryptos and they just invest their money arbitrarily when they saw these coins went super high.
In my opinion, dont try to invest your money if you cant afford to lose. The risk in every investment has a same chance as the reward. In order to reduce the risk, you need to have a better background
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abuya55
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August 21, 2020, 06:55:44 AM |
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Maybe you don't need to have special skills to become rich nowadays. It's more important to have an entrepreneurial ability.
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lovesmayfamilis
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August 21, 2020, 08:26:42 AM |
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If this were all really true, as the OP says, then we would all buy bitcoin, sit and wait for our wealth. Unfortunately, this is all nonsense. Everyone has the right to think of themselves as a capable entrepreneur who invests correctly. But in fact, few are the winners. Why is this happening? Only because those people who are very careful about all things that require material investment. Before investing somewhere, you need to fully study the projects. And without knowledge, there is nowhere to go. The one who is always in a hurry, loses, who thinks and learns to gain experience, has much more.
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