How to Get Rich with Bitcoin

[Hypnosis00]

First you Get Rich, then you Buy Bitcoin.

That only becomes possible when we invest 1 full BTC. But unfortunately, poor people can't really make it and so they are still poor? They can still be rich in some other way. Buying small chunks of Bitcoin could even make us rich somehow in the future, not instantly. As you keep investing in Bitcoin as your main goal to have 1 full BTC someday, it finds no reason that we couldn't be becoming rich. Yes, of course, to rely upon only Bitcoin is not a good idea but to have multiple sources of income aside from having crypto could somewhat help a lot to fasten the development and make the reach of your goal in a shorter time.

[Gasty4]

First you Get Rich, then you Buy Bitcoin.

Millionaires speaks!!!!
This is valid and accurate for me to agree....the rich are getting richer then the poor that thinks he/her is rich.
The rich are busy killing the game with Bitcoin and in Bitcoin.

[touseefahmad1999]

I think we should definitely buy some btc for long term not a short term prospects. Because first thing 1 Bitcoin is not possible to buy everyone. But they can buy in some fraction in parts and again some investment on next month. That is possible for everyone to get a rich. Rich is not mandatory to buy Bitcoin but you can some investment as you can on some parts for long term for a rich 😉

[syedakhlaque]

Every work in life demand concentration, hard work, and study. Same the condition is there in bitcoin. You will have to follow the basic rules of business and market. You will not be a millionaire immediately after joining this business. But there is a continuous struggle to gain experience & success.
Bitcoin business will give you financial and social security & stability. It will solve your financial problems and give you a respectful earning. It will also fulfill your dream of becoming rich.

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[Mpamaegbu]

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.

I was shocked too but then I had another thought that OP was merely trying to catch cruise. Again, it's misleading for anyone to even think that Bitcoin is a shortcut to riches. If it happens, it happens. But it shouldn't be the sole aim of anyone buying it. Wealth takes time to nourish and grow.

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.

I will like for you to put out the link to this supposedly good faucets here. I'm one of those who believe that faucets are a complete waste of time and data.

[ReiMomo]

If not able to invest huge and buy more bitcoin to become rich in future, just invest a little every month or when ever you can so that it piles up one day and it grows double with huge profit. Never borrow and invest. Just invest what ever you can from your monthly income. Buy few more best altcoins with cheap rates with high trading volume. One or the other coins will certainly make you richer when you go for a long term trade.

[Rengga Jati]

First you Get Rich, then you Buy Bitcoin.

I may guess your words. It is probably about having much money to buy more Bitcoin, buying at that dip, holding, and waiting until the price can rise up significantly. So, you can gain money again based on the profits. Here is a simple way, actually not to be rich, but to increase our rich or wealth 

But for someone not rich, never imagine being richer with bitcoin in an easy way.
We need more patients, knowledge, and also analysis
Patient if we can buy Bitcoin in  $30k and then hold them, sell them at $100k.
Knowledge and analysis, if we are going to trade Bitcoin (in the Spot or even Future) with of course every high risk, then collecting profits steps by steps to get richer.
But this is exactly very difficult to do, but it is possible

[witcher_sense]

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.

Many people, such as early adopters of bitcoin, for instance, have become wealthy because they believed in things and ideas that most would consider rather idealistic and childishly naive. It may well be they didn't want to get rich from bitcoin, but still, they were rewarded for their persistence, faith, and rational thinking. I tend to agree with you that nowadays it is rather naive to consider bitcoin a get-rich-quick-scheme able to make all your problems go away. But bitcoin may help "poor people" to develop certain skills, qualities, a mindset that are necessary to make seemingly pipe dreams come true. For example, bitcoin discourages people from unnecessary uncontrolled consumption, instead, it incentivizes people to postpone the consumption of even necessary things. People witnessing the ever-growing value of bitcoin start thinking for the future more than the present. The more they save, the better off they will be in the future when bitcoin is highly distributed and widely adopted. Not only does bitcoin incentivize people to save and defer consumption, but it also encourages them to learn and think about the state of affairs critically, which also may help them to make fortune because smart people will often make more rational investment decisions than complete idiots who refuse to read and learn.

[BitcoinBarrel]

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.

Many people, such as early adopters of bitcoin, for instance, have become wealthy because they believed in things and ideas that most would consider rather idealistic and childishly naive. It may well be they didn't want to get rich from bitcoin, but still, they were rewarded for their persistence, faith, and rational thinking. I tend to agree with you that nowadays it is rather naive to consider bitcoin a get-rich-quick-scheme able to make all your problems go away. But bitcoin may help "poor people" to develop certain skills, qualities, a mindset that are necessary to make seemingly pipe dreams come true. For example, bitcoin discourages people from unnecessary uncontrolled consumption, instead, it incentivizes people to postpone the consumption of even necessary things. People witnessing the ever-growing value of bitcoin start thinking for the future more than the present. The more they save, the better off they will be in the future when bitcoin is highly distributed and widely adopted. Not only does bitcoin incentivize people to save and defer consumption, but it also encourages them to learn and think about the state of affairs critically, which also may help them to make fortune because smart people will often make more rational investment decisions than complete idiots who refuse to read and learn.

Most of the Long HODLers had other income sources to sustain the inevitable ups and downs of Bitcoin.

If they were living solely off their crypto, they would have cashed out at any one of the ATHs.

[Peanutswar]

Some people just buy bitcoin and keep holding it and wait for the price to increase and so they can pull it out but again we need to consider the market volatility if we are heading forward for the price like BTC/USD we need to consider the market trend because it affects the value but if you are looking for the BTC as 1:1 neglect its value I guess ignore the price. Buy bitcoin when there's a chance because regrets when it pumps.

[Luzin]

Some people just buy bitcoin and keep holding it and wait for the price to increase and so they can pull it out but again we need to consider the market volatility if we are heading forward for the price like BTC/USD we need to consider the market trend because it affects the value but if you are looking for the BTC as 1:1 neglect its value I guess ignore the price. Buy bitcoin when there's a chance because regrets when it pumps.

It's hard enough to be what you say. If at first we have had the goal of making a profit with bitcoin then holding back it is something difficult. Especially if our funds are limited. I'm one of those people who have limited funds, so I experienced it myself. Even I who have known Bitcoin for almost six years and trading, the most difficult thing is to hold the coin and control emotions not to be greedy.

[Poker Player]

First you Get Rich, then you Buy Bitcoin.

What a crock of shit. It is a contradiction in terms that what you say, getting rich before buying Bitcoin and then buying Bitcoin is not getting rich with Bitcoin.

The best way to get rich with Bitcoin if you have modest finances is DCA, buy what you can every week, or every month. Buy, buy, buy. Wait a couple of cycles.  And then come and tell us about it.

Getting rich will depend on the definition of rich, but I'm sure that after doing DCA weekly or monthly for a couple of cycles you will be much richer than you are now.

[bakasabo]

Everyone is getting rich with Bitcoin, so it's totally appear to be legit why we put our consideration at Bitcoin. Without a doubt, with Bitcoin we have quite far to go. How to rich with Bitcoin? Perhaps China in the front liner. China own greater part, then, at that point, they control the market to make themselves rich. Hope you get the point, purchase at every phase of dips despite all the funds around us. Simply don't be a retard and trade at some unacceptable occasions.

I have some Bitcoin, I dont do panic sales, I am not a retard (hope that I am not), but still not rich. What I am doing wrong ? Maybe I am not buying enough Bitcoin with every price drop? Maybe, because I have other IRL expenses. Probably I just need to hold. Question is, how long should I wait? Hope not until I retire and not a day before my death I will get a *ding* "you are rich now".

BitcoinBarrel is right, you need to first build a capital and be close to rich, Bitcoin will just make your last step easier.

[Masplanc]

That's exactly. You use money to get bitcoin,  bitcoin don't generate money without putting money on it and people tend to quit their job thinking that they can make it so fast in bitcoin. Get some doing and invest in bitcoin to be financially safe.

[Ethan151]

Interesting.. you have said it all and it interest me to read it again and again because you just said the truth, I have thought about it severally and that has been my conclusion. Its obvious people don’t understand how bitcoin works

[blatchcorn]

First you Get Rich, then you Buy Bitcoin.

I have a different opinion, as we can get rich after we buy BTC. The key to success in BTC world is knowledge and patience, if you have both of these then sky is limit for you. Many fail in BTC world since they came with mind that BTC can make them rich over night. With this feeling they buy BTC ignoring the fundamentals of when to buy, result is loss of capital.

[Rruchi man]

First you Get Rich, then you Buy Bitcoin.

Such a "Hammer to the head" post! Spot on it clears the misconception that some newbies have to bitcoin particularly that their little and small fiat can make them rich if they just got some bitcoins. Truth is, your little amount has a better chance of making you rich if you invest and focus more on a promising altcoin than bitcoin itself. To benefit from bitcoin, you need to invest heavily, an amount that is huge and you can risk, it is not for people that are struggling to barely go by the month.

[robelneo]

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.

Looking at how volatile is the market, Holding your Bitcoin for profit should not be your bread and butter, you can HODL but you cannot last a year HODLING relying only on Bitcoin take a job, online and offline, and just HODL bitcoin while having a 9 to 5 job or running your own business, soon you will reap what you saw and you can buy more Bitcoin.
But you can still invest in Bitcoin even if you are not rich so I don't agree with your main post that

First you Get Rich, then you Buy Bitcoin.

[Daniel91]

That's exactly. You use money to get bitcoin,  bitcoin don't generate money without putting money on it and people tend to quit their job thinking that they can make it so fast in bitcoin. Get some doing and invest in bitcoin to be financially safe.

In fact, there are other ways to acquire bitcoin such as concrete work paid in btc, which is also a less risky way because you don’t invest your money, just time.
Also, I think it is no longer enough to just invest some money in bitcoin and wait but we need to be proactive, monitor the crypto market and invest in promising projects, or trade crypto.
I read that some people even sold their house to invest in bitcoin, which is not a smart idea after all.
We should always invest wisely, only the money we can lose and never quit our job until we become financially free.