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Author Topic: How to Get Rich with Bitcoin  (Read 397 times)
BitcoinBarrel
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January 07, 2022, 11:45:28 PM
Merited by Darker45 (1)
 #1

First you Get Rich, then you Buy Bitcoin.



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January 08, 2022, 12:03:51 AM
 #2

I am wondering how your site is about bitcoin faucet and you came up with the idea of how someome can earn bitcoin? I hope other members can check if your site in your signature is legit or not. But to make my own opinion, faucets are no more profitable, it wasted my time in the first few weeks I started to know about bitcoin.

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Magicalking
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January 08, 2022, 12:26:07 AM
 #3

First you Get Rich, then you Buy Bitcoin.
I thought this was written by a newbie but checked again to find a Legendary member doing this. A higher rank is supposed to set an example for the lower ranks to follow. Your activities on www.bpip.org show there has been no change of password or email in the last 30 days. So I assume the account hasn't changed owners and it is just you not caring enough to put some effort into your writing. And enjoying the freedom of one line lasts and you have been getting away with it since.
BitcoinBarrel
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January 08, 2022, 12:29:05 AM
 #4

First you Get Rich, then you Buy Bitcoin.
I thought this was written by a newbie but checked again to find a Legendary member doing this. A higher rank is supposed to set an example for the lower ranks to follow. Your activities on www.bpip.org show there has been no change of password or email in the last 30 days. So I assume the account hasn't changed owners and it is just you not caring enough to put some effort into your writing. And enjoying the freedom of one line lasts and you have been getting away with it since.

Thank you for your input. The point I am making is that trying to get Rich FROM Bitcoin is a pipe dream. It is better work on skills that offer real value and invest in income sources than to rely solely on HODLing crypto.

Bitcoin is a great utility to take control of your finances,  but I would suggest any newbie focus on how to use Bitcoin in your business and not making Bitcoin your business.



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BitcoinBarrel
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January 08, 2022, 12:30:47 AM
 #5

I am wondering how your site is about bitcoin faucet and you came up with the idea of how someome can earn bitcoin? I hope other members can check if your site in your signature is legit or not. But to make my own opinion, faucets are no more profitable, it wasted my time in the first few weeks I started to know about bitcoin.

There are some good faucets and I have made decent money using the trusted ones. Completing offers, clicking ads, etc. It is small earning at first, but can grow over time.

Free crypto is still free crypto! First Bitcoin Faucets gave out whole Bitcoins and it wasn't worth much then.



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Darker45
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January 08, 2022, 01:25:37 AM
 #6

I agree, at least as far as the current situation is concerned. Of course, it wasn't the case just a few years ago. Generally, though, the impression is that Bitcoin is a way to easily make wealth. Again, it may apply before. Now, it is hard for your money to double even with the corrected price of Bitcoin. You want to get rich with Bitcoin, get rich first.

When I got into Bitcoin, you could save for a few months and buy a few BTC. You'd already be rich today. Now, a full BTC is just even a dream to many.

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tranthidung
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January 08, 2022, 01:52:37 AM
 #7

I disagree

You don't need to be rich to buy Bitcoin. Because you can buy satoshis, not mandatory to buy a whole 1 Bitcoin. It means people are free to buy 1 BTC, 0.1 BTC to 0.01 BTC or smaller amount.

There is a Dollar Cost Averaging strategy to accumulate Bitcoin over time. The given link is an example for $30 weekly DCA in 3 years. Results will be as follows:
Total Invested: $4,710
Total Value: $25,628 for 43,569,000.00 Satoshis
Percent Change: 444.14%

https://dcabtc.com?sd=2019-01-08&sda=3_years&f=weekly&d=3_years&ac=3000&c=false

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nakamura12
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January 08, 2022, 03:26:17 AM
 #8

I am not rich but I am able to buy bits of bitcoin. In short, anyone can buy as long as you have money to buy bitcoin. As what tranthidung explained that you don't have to be rich to buy bitcoin. I think it's a common mistake that only rich can buy bitcoin which is not correct. I thought it was bitcoin will make you rich but It is not what I thought. We still can earn free satoshi but only in gambling site that have faucet like freebitco.in but it will take a long time to accumulate enough btc to withdraw.

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Darker45
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January 08, 2022, 04:21:43 AM
 #9

I disagree

You don't need to be rich to buy Bitcoin. Because you can buy satoshis, not mandatory to buy a whole 1 Bitcoin. It means people are free to buy 1 BTC, 0.1 BTC to 0.01 BTC or smaller amount.

There is a Dollar Cost Averaging strategy to accumulate Bitcoin over time. The given link is an example for $30 weekly DCA in 3 years. Results will be as follows:
Total Invested: $4,710
Total Value: $25,628 for 43,569,000.00 Satoshis
Percent Change: 444.14%

https://dcabtc.com?sd=2019-01-08&sda=3_years&f=weekly&d=3_years&ac=3000&c=false

I understand the post is to debunk the misconception that Bitcoin is a get-rich-quick scheme. It isn't, especially nowadays.

It's not a matter of whether or not we can buy Bitcoin in small amounts. We can. But will it make us rich? No. You can only buy what you can afford. If you aren't rich, you cannot get rich with Bitcoin because, in the first place, you can only buy a small fraction of a Bitcoin. If you want to get rich with Bitcoin, buy a lot of them, but it takes a lot of money to be able to do that. So get rich first before buying a lot and be rich from it, or more precisely, richer.

I guess this is the logic OP wants to convey.

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cryptoaddictchie
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January 08, 2022, 05:34:56 AM
 #10

First you Get Rich, then you Buy Bitcoin.
I really thought  there is a content inside upon opening the title. Somehow I feel it is clickbait. I don't think to become rich is so easy then buy bitcoin. The better way is buy crypto ( not bitcoin * bet on altcoin) and literally wait for it to go to 100x to 500x and you'll somehow attain becoming rich. That's more better I think.

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worle1bm
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January 08, 2022, 05:50:34 AM
 #11

First you Get Rich, then you Buy Bitcoin.
We can even stack smallest unit of btc which is satoshi and 1 btc is equal to 1 million sats so we can easily get whatever we desire to and hold it for long period and then you can get returns over it which will be sufficient enough for you.You need to be rich if you want to be btc Whale as accumulating more and more will cost you more but why go that way if you can't? So it's better to invest what you can and enjoy in later years with profits you can get through them.

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GeorgeJohn
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January 08, 2022, 05:53:41 AM
 #12

First you Get Rich, then you Buy Bitcoin.
This thread is amazing..if i should respond to this thread is via the table of content. The body of the text is absolutely contradictory, so "How to get rich with bitcoin" so getting rich from Bitcoin come from two units, the first is long term investment in cryptocurrency, secondly trading of bitcoin and buying and selling of bitcoin, these two points is the major objectives of existing for earning profit in bitcoin...but i don't know if these, is what you have in mind to portray or create this thread.

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January 08, 2022, 08:25:57 AM
 #13

I'm not rich but bitcoin helped me to have a stable status.

It's not a matter of whether or not we can buy Bitcoin in small amounts. We can. But will it make us rich? No.
It can. We saw and read those stories of early investors and adopters that have held bitcoin. They've become rich just like this kid: This 20-year-old high school dropout bought $1,000 worth of bitcoin at the age of 12 — now he's worth $4.5 million.

The point I am making is that trying to get Rich FROM Bitcoin is a pipe dream. It is better work on skills that offer real value and invest in income sources than to rely solely on HODLing crypto.

Bitcoin is a great utility to take control of your finances,  but I would suggest any newbie focus on how to use Bitcoin in your business and not making Bitcoin your business.
This is actually a good point that you've brought. Newbies these days when they hear someone who owns bitcoin, they'll think of it as quickly as they can that the person is rich. I agree with your suggestion and that's really the process that everyone should conduct. Until you can make yourself financially free and you can live with the amount of bitcoin you have even without working, I guess that you have to keep on working smartly.

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January 08, 2022, 12:35:51 PM
 #14

First you Get Rich, then you Buy Bitcoin.
I really thought  there is a content inside upon opening the title. Somehow I feel it is clickbait. I don't think to become rich is so easy then buy bitcoin. The better way is buy crypto ( not bitcoin * bet on altcoin) and literally wait for it to go to 100x to 500x and you'll somehow attain becoming rich. That's more better I think.


I assume he was attempting to attract attention with the title.
If the Op post was made in 2018, when Bitcoin initially reached its all-time high, we would still be having the same conversation. Does it really matter on the price we pay to get bitcoin? I've noticed recent threads where people make references to similar statements like:
I am I late, I was able to accumulate 10 btc. I wish I have bought btc in $10,the current price is $250. All these aren't necessary. Do you ever expect Bitcoin to tick 60k? that's the same way it will become so high that it will become difficult for an average person to get hold of 1BTC. Buy or cost average at any opportunity you have and hold for long term because it goings to be something of regret seeing BTC around $1m when the world finally settle down for bitcoin. I know your mind will say that It will be impossible? Slavery was abolished afterwards, and all humans accepted to freedom without hesitation, this will likely to happen to BTC in the future.

Bitcoin isn't a meal ticket or short term investment, the time, tolerance and money is needed.

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January 08, 2022, 12:48:20 PM
 #15

Come i'm poor how long before i become a millonere with my 12.50$ Sad i've hodling for the whole week and i'm still poor Sad bitcoin doesnt work  Huh

Daniel91
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January 08, 2022, 12:49:45 PM
 #16

First you Get Rich, then you Buy Bitcoin.

Sorry, but this sentence is not very logical.
Anyone today can buy bitcoin, and this action doesn't require any wealth or even some great knowledge  Grin
Bitcoin can even be earned through various paid projects.
If you mean the amount of 1 btc, it is true that today it has become too much for ordinary users, but it is no problem to buy a smaller amount and earn from the increase in the price of bitcoin.
I agree that it is important to invest your time in learning new skills and gaining new knowledge but most people will make money from bitcoin and without special skills, just hodling btc in their wallet  Cheesy

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January 08, 2022, 12:56:56 PM
 #17

Come i'm poor how long before i become a millonere with my 12.50$ Sad i've hodling for the whole week and i'm still poor Sad bitcoin doesnt work  Huh

Do you intend to turn water into wine? Then try shitcoins with your holdings Undecided

I hope you don't come back one day and be like Buybitcoins.com that once sold bitcoin for 15 bitcoins at a dollar.
Quote
BuyBitcoins.com is back online.  Right now you can buy bitcoins with a credit card, or through paypal.  Currently 50,000 bitcoins are for sale at a rate of 15 bitcoins per dollar (0.077 dollars per bitcoin). Payments must be between $4 and $1000 dollars.

-Joey Rich
https://www.buybitcoins.com

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IadixDev
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They're tactical


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January 08, 2022, 01:10:45 PM
 #18

Come i'm poor how long before i become a millonere with my 12.50$ Sad i've hodling for the whole week and i'm still poor Sad bitcoin doesnt work  Huh

Do you intend to turn water into wine? Then try shitcoins with your holdings Undecided

I hope you don't come back one day and be like Buybitcoins.com that once sold bitcoin for 15 bitcoins at a dollar.
Quote
BuyBitcoins.com is back online.  Right now you can buy bitcoins with a credit card, or through paypal.  Currently 50,000 bitcoins are for sale at a rate of 15 bitcoins per dollar (0.077 dollars per bitcoin). Payments must be between $4 and $1000 dollars.

-Joey Rich
https://www.buybitcoins.com

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When moon  Huh
https://youtu.be/7wBg1lBKtyg

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January 08, 2022, 01:23:35 PM
 #19

I'm not rich but bitcoin helped me to have a stable status.

It's not a matter of whether or not we can buy Bitcoin in small amounts. We can. But will it make us rich? No.
It can. We saw and read those stories of early investors and adopters that have held bitcoin. They've become rich just like this kid: This 20-year-old high school dropout bought $1,000 worth of bitcoin at the age of 12 — now he's worth $4.5 million.

As I have said, things are different today. Bitcoin could make us rich even with just a thousand USD, but that's applicable only in the past. It can't be applied now. How much Bitcoin could you buy with your $1,000 today?

Indeed, people don't have to buy one full Bitcoin. They don't have to buy 0.5BTC or 0.3BTC or even 0.1BTC. But given that they could only afford to buy small fractions of a Bitcoin, would that be enough to make one rich? No.

So, if one's impression is that Bitcoin is a get-rich-quick investment, one is definitely wrong.

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hatshepsut93
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January 08, 2022, 02:40:31 PM
 #20

It is better work on skills that offer real value and invest in income sources than to rely solely on HODLing crypto.

And Bitcoin investment isn't an income source? Also, not everyone is young and unemployed, I'm pretty sure a lot of beginners on this forum actually have some sort of career and are looking at Bitcoin to increase their wealth.

And I wouldn't say that it's impossible to get rich with Bitcoin. It is not 100% guaranteed and it is even risky, but it can happen. If this wasn't the case, no one would HODL it. I agree that you shouldn't plan your life on the idea that Bitcoin will go to the moon while you sit back and relax.

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