Bitcoin can change lives

[The Cryptovator]

We know everything actually, Bitcoin could change lives. But there are a few facts that affect us when we invest in Bitcoin. It's because fear always works on our minds. When Bitcoin starts dumping, most of us dare to buy. We become afraid it may dump more, and we may lose. I am pretty sure that for this reason, a lot of individuals are missing Bitcoin. Even I move my bid down when I see a sudden dump, and that's how I fail to buy. It's just that I become afraid when I see a dump, so I move on. So we have to learn a lot and have patience. Otherwise, Bitcoin won't change our lives.

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[BitcoinPanther]

It is a proven fact that Bitcoin can change lives even without mentioning the price surge of its market.  Before Bitcoin was created, unbanked people has no means in participating in international trades, so they are missing out on many things that need bank to process.  With the creation of Bitcoin, this unbanked can now participate in global economy, thus they had given opportunity to do business world wide.  This alone can change lives of people that wanted to do international trades or businesses.

[famososMuertos]

I think it is a "slogan"^{Topic: Re: Bitcoin can change lives} that, far from attracting trust, distances it and it's funny to think, it was not used in the beginning and has been used years later when the reality of such an assertion depends on... so many factors that it is not only about having bitcoin or manage it with some trading strategy, bitcoin is today a technological tool for citizen empowerment, which can mean a very beneficial percentage profitability. (If the big income comes, that's fine)

[barisbilgili]

It is a proven fact that Bitcoin can change lives even without mentioning the price surge of its market.  Before Bitcoin was created, unbanked people has no means in participating in international trades, so they are missing out on many things that need bank to process.  With the creation of Bitcoin, this unbanked can now participate in global economy, thus they had given opportunity to do business world wide.  This alone can change lives of people that wanted to do international trades or businesses.

It is true that Bitcoin can change the life of someone who wants to learn about it and invest, but for those who don't want to know and learn about it, of course this is just normal for them. You are right with the presence of Bitcoin everyone has the opportunity to do business anywhere. If we have the desire to start then we need to study it well and understand all the risks that may occur in the investment we make. In collecting it, we have to use a strategy so that we can get a profit from what we have done.

[oktana]

I guess you do not understand that the days of such quick multiplication is over. That was the “early birds” time, and it’s common with any investment that investing early gives you a higher return chance. As time goes, Bitcoin’s growth will become slower and slower. It’ll definitely keep growing but will not be like back then when it was a whole lot cheaper.

[Blitzboy]

It is a proven fact that Bitcoin can change lives even without mentioning the price surge of its market.  Before Bitcoin was created, unbanked people has no means in participating in international trades, so they are missing out on many things that need bank to process.  With the creation of Bitcoin, this unbanked can now participate in global economy, thus they had given opportunity to do business world wide.  This alone can change lives of people that wanted to do international trades or businesses.

It is true that Bitcoin can change the life of someone who wants to learn about it and invest, but for those who don't want to know and learn about it, of course this is just normal for them. You are right with the presence of Bitcoin everyone has the opportunity to do business anywhere. If we have the desire to start then we need to study it well and understand all the risks that may occur in the investment we make. In collecting it, we have to use a strategy so that we can get a profit from what we have done.

Your desire to learn and invest in Bitcoin is admirable, and your strategy-oriented approach is excellent, yet the ever-elusive “right” plan sneaks into our debate. Doesnt it seem odd that these tactics are so diverse and fit no one?

Learning is essential; we know, preach, and live that. Many tactics that one swears by can be another's downfall. Strategy responds, frequently in a language that isnt universally understood or applicable. While we cheer every Bitcoin triumph and nod in approval at the dedication to learn and grow, lets think about how we might help people develop and adapt tactics to their specific financial landscapes and risk tolerances.

[Tiger420]

It is true that Bitcoin can change lives. Bitcoin has also changed my life. Ever since I came to know that there is a digital currency called Bitcoin, I have been buying Bitcoins with some money from my earnings. A few months later, when the price of Bitcoin went up, I sold it. And I went from poor to very rich.

[fat buddah]

It is true that Bitcoin can change lives. Bitcoin has also changed my life. Ever since I came to know that there is a digital currency called Bitcoin, I have been buying Bitcoins with some money from my earnings. A few months later, when the price of Bitcoin went up, I sold it. And I went from poor to very rich.

That's an interesting story. When did you start buying it and sold it? Don't you have plans to start buying again?

[GeorgeJohn]

Sometimes when I see numerous questions asked by people over bitcoin changing someone's life, and many people in forum will say yes that bitcoin changes live, before bitcoin changes your life that means you have been investing in bitcoin for years and you have targeted when the price of depreciate and you utilise the opportunity, so therefore I believe that bitcoin can only change your status when your investment in bitcoin enters bullrun and not everyone alway been opportune to make profit with bitcoin, secondly many people who to forum think that a signature campaign is bitcoin investment, no" you are receiving payment with bitcoin doesn't mean bitcoin put smile in your face, invest in bitcoin and make profit it's when you will know that investing in bitcoin is difference from signature campaign payment.

[Nrcewker]

Definitely Bitcoins have changed the lives of early investors who showed trust in it. In the initial days when everyone looked at Bitcoins with hate and considered it as a mode of scamming people, these people showed trust in Bitcoins and invested in it. They knew the capability of Bitcoins and hence they bought and stored it. Bitcoins are limited in number. This one statement is enough to tell what Bitcoins will do in the future. So just accumulate the Bitcoins whenever you can and sell it at higher price.

[0t3p0t]

It is not Bitcoin that changes our lives but us ourselves. Bitcoin is just an asset that we acquire and it always depends on us whether how we intend to use Bitcoin either we buy and sell or just hodl. Our strategy and our emotions are factors affecting the achievement we got at the end of the day. Bitcoin is for me an effective tool to change our lives and unfortunately, it is not instant.

[fuguebtc]

Definitely Bitcoins have changed the lives of early investors who showed trust in it. In the initial days when everyone looked at Bitcoins with hate and considered it as a mode of scamming people, these people showed trust in Bitcoins and invested in it. They knew the capability of Bitcoins and hence they bought and stored it. Bitcoins are limited in number. This one statement is enough to tell what Bitcoins will do in the future. So just accumulate the Bitcoins whenever you can and sell it at higher price.

Limiting the quantity needs to be accompanied by utilities that everyone needs, then the scarcity of bitcoins is truly promoted. If bitcoin were not anonymous, not peer-to-peer, then scarcity would not work.

But saying bitcoin changes life is not entirely true because it depends on us. If we simply think that buying bitcoin will make us rich, not many people will lose money investing in bitcoin. Bitcoin is a volatile asset and it will change the lives of those who know how to utilize it effectively.

[Dzwaafu11]

This kind convincing strategy is really bullshit, if people want to change their life, they need to learn a high paying skill instead of investing small amount of money and hoping the investment will increase really really high.

I also don’t think this kind of method can work in the industry, but rather someone should have another thing done that will pay him out there. I think that will be much better because the money that’s the OP thinks will be profit is too high, and when is that going to be possible? I believe it will take too much time, even though we advise long-term investment. However, if it’s a skill or job, I believe some may get the money the OP wrote there before the time he indicated, so I also think had paying work outside will make more sense than this one.

However, someone can also use a small amount of money to invest and then focus on other things that will generate him more money outside the crypto space because, to me, it makes more sense than investing a large amount of money in crypto and staying poor or facing financial difficulties. You can see that that little investment you have there will be there for a long time, but for someone to invest a large amount anytime the price goes another way that he thinks will not fail, he will start panicking.

It is not Bitcoin that changes our lives but us ourselves. Bitcoin is just an asset that we acquire and it always depends on us whether how we intend to use Bitcoin either we buy and sell or just hodl. Our strategy and our emotions are factors affecting the achievement we got at the end of the day. Bitcoin is for me an effective tool to change our lives and unfortunately, it is not instant.

Yeah, bitcoin changes our lives based on how we view it. People who invested in bitcoin in the early days of bitcoin are the ones who benefit more. We early investors don't view it the same way they did, so most of us today are so patient to hodl for a long time that we are not ready to take such a risk. If you look at the early investors, that is what helped them. However, I believe that when emotionally okay in the crypto investment, I believe bitcoin will change our lives positively if we follow the due process.

[Ben Barubal]

In 2010, one Bitcoin was just $0.20, and buying 5,000 Bitcoin would cost only $1000.
Compare that price as of then to today's price $27k plus,  you would be obviously filthy rich.

So you mean if I invest $1000 in Bitcoin right now, in the next thirteen years Bitcoin price will reach $135,000,000 or 5,000x times higher?

This kind convincing strategy is really bullshit, if people want to change their life, they need to learn a high paying skill instead of investing small amount of money and hoping the investment will increase really really high.

     I didn't read anything where Op said that 13 years from now anyone has to buy 1000 dollars to become rich. It seems he just showed the situation 13 years ago that if there were people who invested 0.2 dollars, the price of BTC worth 1000 dollars is rich for sure at the price we have now.

    But OP did not emphasize that we should buy at least $1,000 of bitcoin now and then wait 13 years for what happened 13 years ago to happen again. That's not what he said; well, he did mention that it would be nice to do the DCA, which he was right about. I don't see any reason why what he said is bullshit. I'm not defending the OP; I'm just showing what the argument is being discussed here; it's just that your interpretation is different.

[Fara Chan]

I guess you do not understand that the days of such quick multiplication is over. That was the “early birds” time, and it’s common with any investment that investing early gives you a higher return chance. As time goes, Bitcoin’s growth will become slower and slower. It’ll definitely keep growing but will not be like back then when it was a whole lot cheaper.

Even though the growth of Bitcoin that you see now seems slow in the market, it could turn out to be faster because in the past Bitcoin has also grown more slowly. However, this does not last forever because faster price growth changes can still occur in Bitcoin, and it is very natural that investors who invest early will get higher returns. Because they have long risked their time by being patient on the investments they made earlier.

It is true that Bitcoin can change lives. Bitcoin has also changed my life. Ever since I came to know that there is a digital currency called Bitcoin, I have been buying Bitcoins with some money from my earnings. A few months later, when the price of Bitcoin went up, I sold it. And I went from poor to very rich.

You can continue to apply this to yourself, because if you buy Bitcoin just once you can change your life and become rich, just imagine if you buy Bitcoin many times and you can continue to make a profit from your purchase. Maybe you will be much richer than now, although everyone also has to hope for luck after buying Bitcoin because not everyone can make a profit at the same time on Bitcoin. So apply this as much as possible so that you can continue to be rich and not become poor again in your life.

[rachael9385]

Yes, it is true that Bitcoin can change lives, but we also have to take a risk for it to change our lives. However, one also needs to sacrifice what one can afford to lose in Bitcoin. When the price of Bitcoin is low, there is no need for the person to hesitate about buying as much as he can afford. Bitcoin investment is what not to joke about, when you have the money to buy, buy at that time and not to adjourn for letter.

For one to get rich in Bitcoin, the person must be committed to accumulating Bitcoin either weekly or monthly just for over a long period of time. Bitcoin is not a get-rich-quick scheme. Patience and knowledge are the most important things. Why is knowledge? Knowledge is to learn how to buy and also how to minimise spending on a daily basis and patient is to control your emotions when price drop and still continue to accumulate or extend the date for selling your holdings.

[Forever101]

Your suggestions is great but the economy situation of the world most time force people out of the market when things become extra ordinarily high and the cost of living is very difficult.
Since Bitcoin bull run and bear market follows almost same pattern, I think a new investor who has made profit from any of the bullish market can diversify their profit to businesses to make more profit then re-enter the market when the bull run is closer.

[Out of mind]

We all know the past events of Bitcoin and the value of Bitcoin was once very low. Those who invested at that time have now got a huge amount of profit, and they became rich overnight. We can say Bitcoin is a digital currency that can change the future of any person and solve their financial problems. Although we saw that the price of Bitcoin once touched $69k dollars and then Bitcoin made a new history in the crypto world. Moreover, people are making their money in Bitcoin because of the current position of BTC and people are most interested in investing and because of the huge amount of profit that can be made from Bitcoin. And if you are currently investing in Bitcoin, good days are definitely ahead for you. As we wait for a bull to come, people are investing and hodling Bitcoin so that they can make enough profit.

[Mame89]

It is a proven fact that Bitcoin can change lives even without mentioning the price surge of its market.  Before Bitcoin was created, unbanked people has no means in participating in international trades, so they are missing out on many things that need bank to process.  With the creation of Bitcoin, this unbanked can now participate in global economy, thus they had given opportunity to do business world wide.  This alone can change lives of people that wanted to do international trades or businesses.

Agreed, bitcoin has not only changed people to gain profits from investing in bitcoin alone but also changed bitcoin as a substitute for banks for transactions around the world.

As happened to me who didn't have Paypal, didn't have a Mastercard, and previously couldn't make online transactions and purchases between countries. It's very different now with Bitcoin I can do everything, including now I can get financial benefits because I have invested in Bitcoin.

There are many benefits, as we can see now from this bitcoin forum, many people feel the benefits of Bitcoin because it has given us opportunities and made our lives better than before, and of course we have to thank Satoshi Nakamoto.

[jasonjm]

Bitcoin certainly has the ability to change lives if you believe in the process and hold Bitcoin for the long term. Let's say you purchased BTC 10 years ago; you could be a millionaire by now. If you invest in BTC now, there are chances that you might end up earning huge profits in the next few years. It could be more than your pension fund. Invest in Bitcoin whenever you have the opportunity and forget your investment for at least ten years. Bitcoin also enables you to have full control of your finances and transactions. It can also be a hedge against inflation and devaluation in currency in a country where economic uncertainty and political instability are major concerns. You should analyse the risk associated with Bitcoin and the amount of money you want to invest before making a final call.