Can lean investor become rich in Bitcoin

[Rockstarguy]

The journey to become rich through Bitcoin is not an easy task at all. There are different challenges one will come across along the way. It so hard for the category of persons who are not financially buryant , especially when volatility takes place in the market, it's as if all hope is gone, you don't even know where to start from.
I come to think if investing in Bitcoin is only for  people who are financially stable, because this set of persons can meet up with the standards to invest Bitcoin which are.
1. Good capital to start with
2. Discipline factor : can invest for a long-term
3. No much panic: when there is volatility

How possible can a broke a broke investor with no good capital become rich in Bitcoin. Is as if Bitcoin is only for the middle and rich class to invest.☹️

[mk4]

Because the trick is not to solely get rich off bitcoin per se; but to use bitcoin to boost your earnings. And you're going to achieve it through getting a job or starting a business, and continually dollar-cost averaging weekly/monthly into bitcoin so your wealth doesn't de-value but instead increase in the long-term.

If you think that getting to the top is as easy as literally just buying bitcoin and do nothing with your life, then you're heavily mistaken.

[Upgrade00]

I come to think if investing in Bitcoin is only for  people who are financially stable, because this set of persons can meet up with the standards to invest Bitcoin which are.

Bitcoin is for people who value financial freedom and wish to be in full control of their assets, regardless how little that is. You will commonly see people say Bitcoin is not a get rich quick scheme, in reality it is not a get rich scheme at all; It's a decentralized peer to peer network which eliminates the need for a third party.

How possible can a broke a broke investor with no good capital become rich in Bitcoin.

Such an investor could grow a skill and market that using Bitcoin as a payment method.

[Welsh]

No panic when the going gets tough is a lot easier said than done, even the most seasoned users here still get a little bit stressed when Bitcoin runs into a little resistance. I think that is natural, and unfortunately I don't think its entirely possible to remove emotion from any investment you make in life.

If you think that getting to the top is as easy as literally just buying bitcoin and do nothing with your life, then you're heavily mistaken.

Technically, it could happen, I mean there's plenty of examples out there of this already happening, but I think the key thing to keep in mind here, is that it's probably unlikely unless you already have a rather large amount to invest with in the first place, and a whole lot of patience. However,  I think its definitely possible.

[Lucius]

How possible can a broke a broke investor with no good capital become rich in Bitcoin. Is as if Bitcoin is only for the middle and rich class to invest.☹️

It's not all about the money, sometimes you just need to be in the right place at the right time and with a little money in your wallet, you can do something big. This was the case with early BTC investors, many of whom actually mined or bought large quantities of BTC for relatively little money.

Of course, such opportunities no longer exist - because if that were the case, you wouldn't even have written this post and wondered how come you can't buy 0.5 BTC or maybe 1 BTC today. But I believe that with a good strategy you can set some achievable goals, and that would be 0.01 BTC for a start, and maybe 0.05 BTC later. If you believe that BTC has a future and that the price will go up, then even relatively small amounts can make you rich one day

[mk4]

Technically, it could happen, I mean there's plenty of examples out there of this already happening, but I think the key thing to keep in mind here, is that it's probably unlikely unless you already have a rather large amount to invest with in the first place, and a whole lot of patience. However,  I think its definitely possible.

I mean, sure. If you have a sizeable amount of money to invest in the first place like you said, and/or if you were totally early to bitcoin(early as in putting $100 when bitcoin was priced at under a dollar). But then again that's only for like <1% of people lol.

[elliottflz65]

The only option you have if you do not have any starting capital but you want to invest in Bitcoin is offering your services and skills for Bitcoin. Work for Bitcoin instead of investing with money. Any skills that you can offer you can post about them in the services board. Remember to read the stickies and always use a escrow. Bitcoin is not a get rich scheme and there is no easy way to accumulate Bitcoin. Treat it as if it was fiat but remember because of how volatile it is you can maybe earn a lot of money if it goes up but the same thing can happen but down and you lose a lot of money.

[bitmover]

Technically, it could happen, I mean there's plenty of examples out there of this already happening, but I think the key thing to keep in mind here, is that it's probably unlikely unless you already have a rather large amount to invest with in the first place, and a whole lot of patience. However,  I think its definitely possible.

I mean, sure. If you have a sizeable amount of money to invest in the first place like you said, and/or if you were totally early to bitcoin(early as in putting $100 when bitcoin was priced at under a dollar). But then again that's only for like <1% of people lol.

Although there are still some opportunities like that in altcoins, such as Doge/Defi crazy recently, when people made a lot of money, that is far from common.

The majority of people will likely just get boosted while trying to buy bitcoin/altcoins to become rich. I think investing in cryptocurrency is important to get a boost in your earnings, just mk4 said. It may solve your financial life, but that should never be the final goal of your strategy. If it happens, it should be a surprise (imo)

Additionally, lots of people are also putting their life savings in bitcoin trying to get rich, just to sell off in the first dip because they are overinvested. This happened in the past and will happen again.

The best strategy is to never get overinvested, i.e, buying more than you can afford to lose due to high volatility, to make your decisions with your mind calm and not under stress.

[Pokapoka124]

  

The journey to become rich through Bitcoin is not an easy task at all. There are different challenges one will come across along the way. It so hard for the category of persons who are not financially buryant , especially when volatility takes place in the market, it's as if all hope is gone, you don't even know where to start from.
I come to think if investing in Bitcoin is only for  people who are financially stable, because this set of persons can meet up with the standards to invest Bitcoin which are.
1. Good capital to start with
2. Discipline factor : can invest for a long-term
3. No much panic: when there is volatility

How possible can a broke a broke investor with no good capital become rich in Bitcoin. Is as if Bitcoin is only for the middle and rich class to invest.☹️

There are no ways to get free bitcoin not anymore. There it is. How to become rich in bitcoin...Buy when the price is low Op would you have bought Bitcoin when the price was $500. Its easy to complain and not start. You didn't consider knowledge as a factor on your list. Without knowledge you will only invest blindly and panic when there is a correction in the market.

[Lily Garver]

Bitcoin is not the only tool for getting rich. The only tool for getting rich is either your wisdom or your luck. Through Bitcoin, you will link to many resources and have many opportunities. For example, if you don’t understand Btc, you won’t stay here. Forum，come here now, everything here can be your resource.

[Darker45]

Investing in Bitcoin is both easy and hard. Easy because you will just keep it, even forget about it for some years, and it just grows. Hard because the way going there is no smooth ride. If you are an investor who gets emotional to extreme price fluctuations and are setting a strict investment term or duration, it could end up not so well.

Anyway, a good capital is not required. Unlike investment in the traditional market, Bitcoin investment doesn't require a minimum. You can even invest a dollar in it. Of course it would be better if you have a good capital. Just make sure that you don't need the money for the next few years.

But the most important thing is that you personally believe and are convinced by the technology. If you are just driven by Bitcoin's potential to make you rich, you might end up swayed by terrible crypto winters where FUD rules and Bitcoin is already declared dead. I think it's best to know Bitcoin first.

[cabron]

Investing in Bitcoin works for the person who knows their place. If you are not a trader don't try trading but just buy and hold and then continue what you are doing before finding out BTC. If you have a job, the better. You will see it's going to be working for you after years so take it like you have set aside your money in a bank that grows in the long term.

[TheNineClub]

This depends on the definition of rich. It depends on a person's mindset and the region they live in. For someone coming from a low-income surrounding, just earning money on the forum and then waiting for it to go up could make them rich in their own right. So the answer is yes, anyone can get rich, just depends on their goals.

[pakhitheboss]

This is not a get rich quick scheme, It is an innovation that will eventually revolutionize your way of living. No one is asking you to buy 1BTC, what you can do is invest a little every month and when you think is the right time exit out and boost your earnings. You need to work smart and not work hard here. Remember you need a lot of patience and the will to hold onto your Bitcoin, no matter how many times the price dip happens.

[CryptopreneurBrainboss]

How possible can a broke investor with no good capital become rich in Bitcoin. Is as if Bitcoin is only for the middle and rich class to invest.☹️

The answer is simple, you can gain financial freedom by investing your spare funds. Bitcoin isn't all about been rich but financially free. No matter how little you're earning, you can keep aside some few dollars and what better vehicle is there to put those savings into then Bitcoin? Consider Bitcoin as your sayings account where you store/save your money.

Do this constantly and consecutively and in due time you'll have save/invested a decent amount that would have given you a better return then what all banks out there would have given you. You don't have to get into Bitcoin by buying one whole Bitcoin, that's a mistake many noobs make which pushes them to buying worthless altcoins because of the ideology they can buy many and not in fractions.

What they don't understand or fail to realized is that, the fractions of Bitcoin you're buying now are special as they most likely will appreciate in value while that of the altcoins aren't certain. Majority will just die out of the market. Don't get fooled, get your hands on as many satoshi as you can and just hold.

[defi-Dany]

There are three common characteristics, of people who invest in bitcoin to get rich:


The first is the average person, who knows it by accident, but isn’t interested in it and forgets about it until the bitcoin fire.


The second category is the faithful who insist that bitcoin is far more than they ever imagined.


The third category is the IT workers who first came into contact with bitcoin and were interested in blockchain technology. They studied the blockchain and mined bitcoins, but did not pay much attention to the value of bitcoin.

[Ryder Kudrow]

Bitcoin is not a way to get rich quickly, but you can gain financial freedom by investing in it.

Invest in Bitcoin and continue to increase capital investment, store it in the wallet for long-term holding, and get more profits as the value rises. However, if affected by market sentiment, continuous blind trading may cause certain economic losses.

[Myleschetty]

The journey to become rich through Bitcoin is not an easy task at all.

Thats because every great opportunity comes with a great task.

It so hard for the category of persons who are not financially buryant , especially when volatility takes place in the market, it's as if all hope is gone, you don't even know where to start from.

It will be hard only if people who are not financially buoyant don't think outside the box, I could remember when uniswap did their airdrop a lot of people sold their token and I am sure those that choose to stake theirs on Uniswap or hold it are happy now.

How possible can a broke a broke investor with no good capital become rich in Bitcoin. Is as if Bitcoin is only for the middle and rich class to invest.☹️

By learning new things, offer service, and get pay in BTC etc

[BITCOIN4X]

Bitcoin is not a way to get rich quickly, but you can gain financial freedom by investing in it.

Financial freedom will be obtained with bitcoin if you use bitcoin as a mean of payment. I don't think that you will get financial freedom by investing or trading if you don't care about privacy. You may be subject to income tax if the government has regulated bitcoin and you may have to verify your trading account and comply with KYC. The only reason why this financial freedom exists in bitcoin is that users can send and receive bitcoin anytime and anywhere with desired transaction fees without government intervention. Bitcoin is a decentralized asset that is different from other centralized government-owned currencies.

[boyptc]

I am 2 and 3.

But I didn't start with good capital. People always tend to say that the only people that are capable of investing in bitcoin are those with huge capital.

Well, been hearing that reason for years even bitcoin was below $1k.

[Nathrixxx]

Yes, with time.
The principle of multiplication indicates starting small or with little and with the fulfilment of all required effontery and business techniques, with total focus and carefulness, taking risk at it optimum, and reinvesting the capital along with the profit, with time the multiplication will increase, but always play safe and understand the strategy to Bitcoin when investing or trading.

Another factor is that no one is born poor but you can choose to be poor, that is the difference between the rich and poor man's mentality, if you had no capital to start with, you can lend, consult family or friends, or engage yourself in menial jobs to have some savings, this will deprives you access to some things but within a little time, that's your own contribution and sacrifice made towards your success path.

It is clear to me vehemently that the glaring difference between the poor and the rich is "mentality" and it's always good to start crypto  with little and with time it becomes multiplied and investing on Bitcoin which is having edge than other cryptos is another advantage.

[Cindella]

Investing in Bitcoin can achieve freedom of wealth, but Bitcoin is not a plan to get rich quickly, nor is it a way to get rich. Many investors who invested in Bitcoin early and held it for a long time have already benefited a lot from it.

There may also be losses when investing in Bitcoin. The price of Bitcoin is very volatile. If it rises, you may make a lot of money, but if the price falls, you will lose a lot of money. It is necessary to invest appropriate funds within the range of risk loss that can be tolerated to invest in Bitcoin.

[Doan9269]

Obviously you can become rich in Bitcoin provided  you plan and set goals.... 'Remember' rich people are goal setters, generate different flow of income / earnings and if you know how and when to invest you invest wisely in order to retain your wealth at long run.

[Cornia]

Anyone can invest in Bitcoin whether he is rich or poor. Even a poor person can invest in Bitcoin if he wants. But for that he has to set a goal. He can save a small amount of his income and invest in Bitcoin.  Investing in Bitcoin does not mean wasting money but it is a saving that can get a much higher return in the future. I think Bitcoin is not just for middle and rich class people but it is for all classes of people.

[Taskford]

We should remember that there are several people who hold their bitcoins from the past and became multi millionaire today for holding bitcoins so we cannot decline the thoughts about becoming rich if we only have guts to spend money and hold it for long term basis. We may struggle for seeing the price keep moving or even dumping but if we have aim to hold for sure in future we can became if not millionaires but for sure earning thousands of bucks from bitcoin holding only.

[The Cryptovator]

We should know Bitcoin isn't a quick-rich scheme. But sadly that's often we have been thinking. That's the main reason why we are away from Bitcoin technology and it's one of the main reasons why always we have been facing losses. All investors have enough abilities to invest in Bitcoin except small investors like me. We aren't stable financially, but a real investor is definitely financially stabled. I know many people become rich and millionaires from Bitcoin, but on the other hand, many people came on the road as well. So always we wouldn't be lucky to become rich, it depends on many things. You often see the rich become richer always, there is reason and its financial stability.

[CryptopreneurBrainboss]

There may also be losses when investing in Bitcoin. The price of Bitcoin is very volatile. If it rises, you may make a lot of money, but if the price falls, you will lose a lot of money. It is necessary to invest appropriate funds within the range of risk loss that can be tolerated to invest in Bitcoin.

The price of Bitcoin is volatility which results to the changes in the price direction but you don't just lose by that price change. You only lose or gain when you take action, that means if the price falls below your buying price and you don't take any action instead continue holding, you don't loss, you only lose when you sell in losses. With that been said, you should hold unto your coins in situations like that.

Bitcoin has a record of always recovering from any downward movement it has been on and the recovery usually results to a new all time high. You selling when the market is down will make you miss out in this new highs. Bitcoin has an finite supply meaning irrespective of the demand it currently has been constantly, over the years  the price is bond to increase.

See every bearish market as an opportunity to accumulate as many Bitcoin as you can because when the bull comes you'll profit although don't over invest that you'll end up panicking instead as you have said, investing funds that you won't mind losing.

[Rockstarguy]

We should know Bitcoin isn't a quick-rich scheme. But sadly that's often we have been thinking. That's the main reason why we are away from Bitcoin technology and it's one of the main reasons why always we have been facing losses. All investors have enough abilities to invest in Bitcoin except small investors like me. We aren't stable financially, but a real investor is definitely financially stabled. I know many people become rich and millionaires from Bitcoin, but on the other hand, many people came on the road as well. So always we wouldn't be lucky to become rich, it depends on many things. You often see the rich become richer always, there is reason and its financial stability.

Are you saying that the poor can't invest in Bitcoin, it for only the stable and rich people who can invest in Bitcoin?

[GeorgeJohn]

It's easier to becomes rich through bitcoin but from exception of the forum, people that is capitalizing that bitcoin can't make you rich don't really know or understand the important of bitcoin from their domain, using myself as example, since I know what's bitcoin from a friend, i notice that bitcoin trading gives finance like monthly salary earners, so basically it's your strategy or method that can make you wealthy or Richer through bitcoin invest, using 2010 and 2015 as reference via the price of bitcoin then, i could remember vividly when the price is $10k so people that invest then and allow the investment to stay till date, they have profit realized their profit almost ten times higher than their capital...so cryptocurrency especially bitcoin is the short cut for Getting upleft from poverty if strategies well.

[Smartvirus]

Most persons that becomes rely rich today are so because, they invested in an idea. An idea more far from solely thinking of the fact that, they want to be rich. It is one distinctive factor of a true investor. To be see opportunities in the little things and nothingness of things in your environment and you build on it till it gets real value.
Like most persons, I didn't meet bitcoi  at an very early stage, even though I lived in the era with its advent. I got interested at a much later time but still know it isn't too late to start from where it left off. Owning 1btc might seem a lot off the hook for most persons but, you must and should come to terms with the fact ghat, there are other denominations and invest in it. When it comes to cryptos, there are altcoins too. The investor in you should be able to identify the underlying opportunity and know how to pick it up.

I come to think if investing in Bitcoin is only for  people who are financially stable, because this set of persons can meet up with the standards to invest Bitcoin which are.

How possible can a broke a broke investor with no good capital become rich in Bitcoin. Is as if Bitcoin is only for the middle and rich class to invest.☹️

I don't see a bitcoin or crypto currency for the buoyant financially, I see a bitcoin or cryptocurrency that is encompassing based on your stands but how you build from there and how far you go is completely up to you. If you keep looking at the price, then it's time and opportunity passing you by unnoticed. Learn, have an investment plan and dig in.

[MIner1448]

Unfortunately, with the bitcoin price tag at the moment, it is really intended for investing in the middle and wealthy class, unless you invest your savings for at least 2 years in advance. But with such a price it is very difficult for a small investor to get involved in a short time, maybe there are experienced ones who will share a secret, but I am sure that when multiplying 0 by 0, it turns out 0;)

[sujonali1819]

Yes, it's very hard to be rich by investing in Bitcoin. I mean you can see people are getting to be rich, even you are thinking it could also happen to me if I can take the proper decision in proper time. And only the people have a big heart + Fortune could be rich. Personally I am very Panic, plus have not big Amount of money to invest. But somehow if I would able to collect the big amount of money for investing I could not be rich man due to my panic /wrong decision. LOL

[passwordnow]

Unfortunately, with the bitcoin price tag at the moment, it is really intended for investing in the middle and wealthy class

You're looking at the price, yes it is expensive but it's not restricted to those classes of people because it's still open for everyone as we can all buy bitcoin at decimals and portions of it. If you cannot avail to buy the whole bitcoin, do not be discouraged and it's not the reason to stop buying bitcoin. You can buy bitcoin as much as you can and as low as you can. It is intended for everyone to be owned and the same thing has been happening again as people in the past said the same opinion.

[Bagong91]

The journey to become rich through Bitcoin is not an easy task at all.

Of course it's not an easy thing for dude to get rich especially through bitcoin, if you only invest in bitcoin. but there are some altcoins that can increase your income if you invest in those altcoins because for some people who have missed the train on bitcoin they invested in altcoins and managed to increase their income

[aysg76]

The journey to become rich through Bitcoin is not an easy task at all. There are different challenges one will come across along the way.

You cannot become rich overnight in any field and you need to work hard for it and have knowledge to maintain the funds.Getting quick rich schemes are not going to work for anyone.Talking about bitcoin you need to invest your funds and give them some time to return back profits in market and have faith in it.You may come across many negativity and FUD but you need to overcome them all by holding your coins safe with you.

1. Good capital to start with

No,not at all you can have say $10-$100 short investment also keeping that they are above the tx fees and you are good to go with btc investment.But you must keep in mind DCA strategy which will help you to gain more sats with you at intervals and you can invest what you afford to make.I have been doing the same and have created a similar thread for it here: My past 3 months bitcoin journey. So you need funds not a big capital to start with btc investment.Remember those who have invested $10 also in btc in initial days are now worth millions.

2. Discipline factor : can invest for a long-term

You can simply hold your coins in hardware wallet like Ledger Nano S and Trezor with seed phrase backed up and relax and hold your coins for long term.Now they are above $50k and if you look at price charts and adoption curve you can clearly speculate that the prices will be above $200k or more in coming years.So just continue with DCA.

3. No much panic: when there is volatility

There is always volatility in bitcoin prices so what are you trying to say exactly? Dips or corrections spread out due to FUD or whales manipulation usually make newbie and old investors who don't have knowledge of bitcoin panic sell their coins which is their biggest mistake and it has been said many times not to do such things.