Bitcoin is the means to become rich in 10 years (depend on how much you can DCA)

[Su-asa]

The whole Idea behind your post of trying to invest your money somewhere so its value gets to increase and you don't get to suffer so much and loose the value of your money to inflation which makes a lot of sense, but then using bitcoin as a point of getting rich probably as a scheme of getting rich which is a mindset we shouldn't have at the back of our mind so we don't get to venture into Bitcoin investment with the wrong mindset and idea which will later get to become so much of a problem to us and having a wrong perception about Bitcoin as its not a get rich venture but it can actually help you build wealth if properly approached.

Good statement but just have to know that after holding and investing more Bitcoin into our portfolio for long term like have mentioned the years already, the investor will eventually sell half his profits and use them to do something important. The real question here is "can the investor holds/invest for long term? (Up to 2 circles of Bitcoin). If the investor can hold up to that stage then I see no reason to contemplate of becoming wealthy through Bitcoin investment. Reasons why people do investments is because they know that one day it will benefit them a lot, whichmeans they already believe in it.

[mvdheuvel1983]

The whole Idea behind your post of trying to invest your money somewhere so its value gets to increase and you don't get to suffer so much and loose the value of your money to inflation which makes a lot of sense, but then using bitcoin as a point of getting rich probably as a scheme of getting rich which is a mindset we shouldn't have at the back of our mind so we don't get to venture into Bitcoin investment with the wrong mindset and idea which will later get to become so much of a problem to us and having a wrong perception about Bitcoin as its not a get rich venture but it can actually help you build wealth if properly approached.

Good statement but just have to know that after holding and investing more Bitcoin into our portfolio for long term like have mentioned the years already, the investor will eventually sell half his profits and use them to do something important. The real question here is "can the investor holds/invest for long term? (Up to 2 circles of Bitcoin). If the investor can hold up to that stage then I see no reason to contemplate of becoming wealthy through Bitcoin investment. Reasons why people do investments is because they know that one day it will benefit them a lot, whichmeans they already believe in it.

For an investor who has made his investment plans before going into long term holding the profit making will be one of his motive before going into the long term investment if he is able to accumulate good number of Bitcoin in his portfolio and is able to be honest with his investment after holding for a decade the profit he has made should be able to make him wealthy depending on how many Bitcoin he was able to accumulate and what you mean by getting rich. Bitcoin investment is not one of those investments that people should think twice before going into if you understand what the term long term investment is all about and the need to be consistent with your investment pattern there's always a reward which is the benefit for every good investment done and bitcoin investment is one that can also give you good profit in the nearest future if you have taking the opportunity to invest a long time ago.

[Cryptoprincess101]

No matter how much you have saved in fiat bank, it will not make you rich unless you invest.

Saving your money is bitcoin is more profitable and valuable than keeping it in Fiats, but it doesn't mean that you can't become rich when you own more Fiats than bitcoin. The major reason why we are investing in bitcoin is to own an asset that has the potentiality of increasing our wealth in the future unlike Fiats that are relatively stable currencies that neither increase nor decrease but due to inflation, its values decrease as time goes on.

No investment is like Bitcoin investment. Both real estate, stocks, and gold cannot be compared to Bitcoin investment.

Bitcoin is a valuable investment that anyone will wish to venture into, but it does not mean that investing in some real-life assets is not good. Real estate is a lucrative business, and gold is also a good investment so while putting more of our wealth in bitcoins, we should not completely disregard other forms of investments. Besides, you can invest on real life assets and use the returns to invest in bitcoins.

[hero_the_bossman]

The whole Idea behind your post of trying to invest your money somewhere so its value gets to increase and you don't get to suffer so much and loose the value of your money to inflation which makes a lot of sense, but then using bitcoin as a point of getting rich probably as a scheme of getting rich which is a mindset we shouldn't have at the back of our mind so we don't get to venture into Bitcoin investment with the wrong mindset and idea which will later get to become so much of a problem to us and having a wrong perception about Bitcoin as its not a get rich venture but it can actually help you build wealth if properly approached.

Good statement but just have to know that after holding and investing more Bitcoin into our portfolio for long term like have mentioned the years already, the investor will eventually sell half his profits and use them to do something important. The real question here is "can the investor holds/invest for long term? (Up to 2 circles of Bitcoin). If the investor can hold up to that stage then I see no reason to contemplate of becoming wealthy through Bitcoin investment. Reasons why people do investments is because they know that one day it will benefit them a lot, whichmeans they already believe in it.

The answer would be simple.
If said investor understands Bitcoin and how it behaves on the market, and why it's only gaining value through time - he would hodl all the day.
If not - then there would be gaps in the profitability of his investment.
Simply as that.

[Barikui1]

No matter how much you have saved in fiat bank, it will not make you rich unless you invest.

Saving your money is bitcoin is more profitable and valuable than keeping it in Fiats, but it doesn't mean that you can't become rich when you own more Fiats than bitcoin. The major reason why we are investing in bitcoin is to own an asset that has the potentiality of increasing our wealth in the future unlike Fiats that are relatively stable currencies that neither increase nor decrease but due to inflation, its values decrease as time goes on.

No investment is like Bitcoin investment. Both real estate, stocks, and gold cannot be compared to Bitcoin investment.

Bitcoin is a valuable investment that anyone will wish to venture into, but it does not mean that investing in some real-life assets is not good. Real estate is a lucrative business, and gold is also a good investment so while putting more of our wealth in bitcoins, we should not completely disregard other forms of investments. Besides, you can invest on real life assets and use the returns to invest in bitcoins.

You have practically said it all here, in as much as we love Bitcoin due to how trustworthy it has been in the past 15years we shouldn't disrespect or disregard other real life asset because I know of so many people out there that has nothing to do with Bitcoin, like they don't have a single fraction of Bitcoin but they are filthy rich due to the real life asset that they invested in, so on my own perspective I just see Bitcoin as one of those reliable investment out their that can make an investor rich if he can acquire a very huge stash of it and hold for a very long period of time.
Bitcoin is an opportunity that can be used to get rich if you invest heavily in it , not the only means to get rich.

Then as for the fiat, it's actually a terrible idea now to be holding money in it because inflation is his principal enemy that reduced it value overtime, so the best way to hold you money this days is to hold your money in anything that appreciate in value overtime, like Bitcoin, land, real estate, gold and diamond if it's possible to acquire it.

[EarnOnVictor]

I wanted to fault your title on the "depend on how much you can DCA" remark but discovered it is not captured in the body. Is it not better to delete that part? Because the DCA should not be seen as the only means to invest in Bitcoin, so every good investment plan in Bitcoin mustn't only "depend" on it as you make it look. I've heard of the stories of the daredevils in Bitcoin investment who invested weekly for years regardless of the price. That's an example out of many and such a determined investment goal can't be shortchanged for DCA if investors are willing and can afford it. Let's be flexible about this.

[FortuneFollower]

I wanted to fault your title on the "depend on how much you can DCA" remark but discovered it is not captured in the body. Is it not better to delete that part? Because the DCA should not be seen as the only means to invest in Bitcoin, so every good investment plan in Bitcoin mustn't only "depend" on it as you make it look. I've heard of the stories of the daredevils in Bitcoin investment who invested weekly for years regardless of the price. That's an example out of many and such a determined investment goal can't be shortchanged for DCA if investors are willing and can afford it. Let's be flexible about this.

It's all about finding what works best for a person individually and adaption to the situation.
 

[Judith87403]

The whole Idea behind your post of trying to invest your money somewhere so its value gets to increase and you don't get to suffer so much and loose the value of your money to inflation which makes a lot of sense, but then using bitcoin as a point of getting rich probably as a scheme of getting rich which is a mindset we shouldn't have at the back of our mind so we don't get to venture into Bitcoin investment with the wrong mindset and idea which will later get to become so much of a problem to us and having a wrong perception about Bitcoin as its not a get rich venture but it can actually help you build wealth if properly approached.

Bitcoin can only make you rich that's depending on the amount of bitcoin you have in your portfolio, and also being patient enough to hodl it in the long run. Actually there's nothing wrong if someone is having the intention of becoming Rich through bitcoin investment, of course this can work depending on how you go about it secondly the stash of bitcoin you have accumulated will determine the outcome of your investment.

If your bitcoin stash is not enough definitely the outcome will not be massive as you think, so if you're having the intention of becoming Rich through bitcoin investment do ensure that you have accumulated enough bitcoin in your portfolio so as to enable you get the outcome you desired for.

[Natalim]

Invest only $10,000 in Bitcoin for 5 years, and you will make decent profits from it, but when you keep the $10,000 in your bank account for 5 years, you cannot use it to buy what you will use the money invested in Bitcoin to buy because the fiat value has depreciated. But the $10,000 invested in Bitcoin will yield profits, and you can use it to buy what you want to buy.

Nothing is certain, so you cannot be sure that Bitcoin will make one rich in ten years if they invest $10k. However, for the past years Bitcoin has proved to be a good investment and a hedge against inflation. I wouldn't hesitate to introduce people to invest in Bitcoin because it has proved to be stable and dependable. But they would also have know the risks involved.

I will be a very bad decision to keep money in banks because inflation will make them lose value within few years. It might not be Bitcoin, but just ensure fiat should be invested in profitable ventures instead of keeping it in a bank.

Be it fiat or bitcoin investment, as long as you are not letting your money sleep in the bank, hence it’s a good decision that will eventually yield profits after long years of patiently investing. However, no matter how highly potential and profitable bitcoin today, I can’t give assurance that it will remain the same in the future.

Bitcoin is highly volatile, and that makes its future’s value uncertain, so if you want to become rich, don’t just invest in bitcoin but even in other assets as well. That way, if ever bitcoin fails, then we have a back up investment that will still make us rich and wealthy.

[SilverCryptoBullet]

Be it fiat or bitcoin investment, as long as you are not letting your money sleep in the bank, hence it’s a good decision that will eventually yield profits after long years of patiently investing. However, no matter how highly potential and profitable bitcoin today, I can’t give assurance that it will remain the same in the future.

Bitcoin is highly volatile, and that makes its future’s value uncertain, so if you want to become rich, don’t just invest in bitcoin but even in other assets as well. That way, if ever bitcoin fails, then we have a back up investment that will still make us rich and wealthy.

If you leave your money any where that is centralized, risk of losing all your money is big. If they have bad financial management for themselves and their users, their banks, companies can bankrupt and if it happens, you will lose your money as one of their users/ customers.

Bitcoin is best choice, as you can have private keys and self store your bitcoin without need of using any centralized service.

Investment does not mean it is always good and profitable. You have to invest your money into right asset to get good profit.