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Author Topic: a Monopoly-Inspired Journey to Accumulate 1 BTC  (Read 222 times)
aoluain
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August 26, 2023, 01:46:05 PM
 #21

If you want to earn 1 Bitcoin with that $30, you can start by trading. And with your trading skills, you might get 1 Bitcoin but you don't know how long you can accumulate up to 1 Bitcoin.
That's BS! You can't seriously recommend people to expect a 100000% return on "trading". If you could do that, you wouldn't be here.

Wasnt there a few threads over the years where people wanted to trade their way up to
a nominated amount of Bitcoin in a certain space of time? it could also have been to gamble
their way "up the Bitcoin ladder" - I cannot remember.

So as per the OP and the analogy of Monopoly - I'm taking it that the OP is looking for our
ideas on what we would buy for $30 and sell for a clear profit, then using that sum to buy
& sell again - over and over.

I think it is doable but it would take far too long and at thus stage the timing is wrong just
when we will be entering a bull market, Bitcoins market value will stretch ahead quicker than
that $30 can multiply.

So what could any of us buy for $30 and sell for $60 to make a clear profit after costs
are taken out? Personally I'm wracking my brains to think of...

R


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August 26, 2023, 06:35:14 PM
 #22

"Hello everyone! I've got a perspective on investing that I'd like to share. Hopefully, it can provide some insights for our future BTC owners to make the most out of their investments. Mant individuals see the journey to 1 btc a very impossible one because of its current price, this thread is for every to put their iq together and work up a solution.Back in my younger days, I was introduced to the classic game of Monopoly – a familiar one for sure. Now, let's take that Monopoly strategy and apply it to the world of cryptocurrency. Imagine I'm aiming to accumulate 1 BTC, and all I have is $30 to start with. How would this journey unfold in the crypto realm? This is a bit of an intellectual exercise, so put your thinking caps on and let's map out our path to the red hotel 🏨 😁. I'm sure this game will be an enjoyable one for all. And hey, let's also invite our experienced seniors to share their wisdom. Here's to aiming for the moon!"
There are no shortcuts, you want to have one bitcoin then that is a nice goal to have as only a very limited amount of people will be able to get the privilege of doing so, however time and opportunities wait for no one, your starting capital is simply too low, as your only opportunity to get one bitcoin with that amount of money is to invest in a shitcoin and hope for an incredible growth to happen, but this is so improbable and your chances of losing your money so high that you might as well just burn your money.
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August 26, 2023, 07:10:24 PM
 #23

We should not underestimate the power of little, we can start small and grow big with time,  there are few ways i can suggest for us in doing this as i think it's not something new, we might have been used to them in may occasions, we can go on trading with that money and allow it to continue growing in it, we can also recommend holding it after we would have acquired bitcoin by buying the dip with $30 and holding for the next target of bullrun after halving, we must also be reminded that everything about this decision takes time and patience.
What other investments or assets can you invest this kind of tiny amount and expect huge returns? People are being ridiculous with BTC, it is simply decentralized money that is volatile and can rise because of fixed supply and demand, it doesn't provide magic revenue. If what you can afford is $30 for dca, then it is fine, but don't expect huge revenue or to save up 1BTC which is almost impossible or will take forever as price will continue to rise. Don't even talk about trading with only $30 to get up to 1BTC!

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August 26, 2023, 07:13:08 PM
Last edit: August 26, 2023, 07:23:25 PM by stompix
 #24

Now, let's take that Monopoly strategy and apply it to the world of cryptocurrency. Imagine I'm aiming to accumulate 1 BTC, and all I have is $30 to start with.

OK, let's start!
In Monopoly, you start at $1500 and a house is between $50-$300 and the most expensive hotels are at $2000.
You have $30 and you want to get 30,000.

So, the obvious strategy here is to quit thinking like is like a cardboard game and follow Tytanowy Janusz advice and get a job!

If you want to earn 1 Bitcoin with that $30, you can start by trading. And with your trading skills, you might get 1 Bitcoin but you don't know how long you can accumulate up to 1 Bitcoin.
Oh, or maybe you're suggesting we gamble with that $30?

Trading crypto is gambling, it's just that some are so proud and so scared about the cold reality that they try to draw one hundred lines on some chart and think they are predicting the price while at the same time, they shit bricks every single second the price moves in the other direction. Don't even try to give me the TA bs, it's just copied, trading crypto is a pure gamble and just as in gambling some make money, so do some in trading. But the majority end penniless.

We should not underestimate the power of little, we can start small and grow big with time,  there are few ways i can suggest for us in doing this as i think it's not something new, we might have been used to them in may occasions, we can go on trading with that money and allow it to continue growing in it, we can also recommend holding it after we would have acquired bitcoin by buying the dip with $30 and holding for the next target of bullrun after halving, we must also be reminded that everything about this decision takes time and patience.

Yeah, pretty sure $30 will turn in 3 million after the next halving! Definitely! Bulletproof!
Why don't you sell your house if you're so sure the next halving will give you so much in profits?
I find it really stupid, you know you're going to make at least x5 for sure, and you're just kickin' this huge opportunity!
You don't have a house? Ask your relatives to sell theirs, after all after the halving they will be able to buy a palace!

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August 26, 2023, 10:56:12 PM
 #25

Given the low value of your initial investment. I say you just put it all in for bitcoin and wait things out until the next halving. If you have any ways of earning that 30 dollars back, like a job or something it would even be advantageous if you could consistently put down 30 bucks for your bitcoin investment at regular intervals. It's called DCA (Dollar Cost Averaging) which is one of the best ways for regular investors to accumulate bitcoin on a regular basis until they reach 1 bitcoin.
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