Getting rich off Bitcoin is impossible for the majority

[Stalker22]

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You think I am wrong? Then tell me how I can better my life using Bitcoin with $50 monthly salary, there are millions of people like me in my country earning this same amount.

Let me tell you from my own experience in the market.  You are one hundred percent right on one thing: there is nothing worse than not having any income when it comes to investments.
If you make $50 per month, then Bitcoin is not going to be the get rich quick method - its merely a savings account which doesnt leak its value.  However, you are wrong if you think that Bitcoin is worthless for you.

For instance, back in 2010, people could get rich by buying 1,000 BTC for just a few bucks.  Those times have passed, however, and today when a guy earning a low wage invests $5 into BTC, he does not do so in order to earn a million dollars, but in order to ensure that three years later his savings will be worth more than $0.50 after the depreciation of the national currency.  Thus, from this point of view, Bitcoin can be of some use to you.

However, it will only save your money; it will not earn you any if you are unable to make it yourself.  Firstly, gain some skills to earn more money; secondly, use bitcoin to protect your earnings from inflation.

[Sanitough]

If you just rely on buying bitcoin from just a very minimal income, getting rich with bitcoin will hardly become possible. But if you combine all these strategies in bitcoin, its clear getting rich quick with bitcoin will be guaranteed enough.

If you can invest long term and HODL, if you can do active trading, if you can create passive income and earn from it through lending and bitcoin rewards, and lastly if you start mining, all of these will make you filthy rich in the long run.

Just continue to secure your assets, risk only what you can afford to lose, focus on the long-term and stay informed, getting rich with bitcoin will be happening soon.

[sunsilk]

You know how to make your life better through any means that you know and the high skills that you have.

It's obvious that you can't live off with that salary of yours and think of investing with that amount.

I don't understand if that's a trapping question to the others who understand your situation. But, you know yourself better and the situation that you are in.

While I can agree to what you've said that for majority it's unlikely that they can't be rich with Bitcoin, that's because you'd see the problem before you even invest.

[AmoreJaz]

Making Profit is the only thing that I can guarantee anyone who is investing in Bitcoin today, but getting rich by buying Bitcoin? I don't think that's completely true.

Bitcoin is not a get-rich-quick scheme. It's a don't-get-poor-slowly scheme. There's still a lot of upside, but for someone who just sits on 5 thousand dollars, it's not going to change his life. What this person must do is look how to increase his cashflow, so he can buy more overtime.

It's really a cashflow problem. How to grow your money once you have it is a solved problem. Just buy bitcoin and forget. The primary problem in the modern world is to have a successfully operating business that generates good cashflow.

This is the most honest framing in this thread. Bitcoin is not a cashflow generator, it is a cashflow preserver. The real problem is income generation, and Bitcoin does not solve that. What it does solve is the slow theft of purchasing power that happens while you figure out the income problem. Those are two completely separate problems and most people confuse them.

A lot thought that once they jump in in this market, they can already gain continuously. I believe that's the notion of most who haven't been in the crypto market. That once you bought some satoshis, you can just sell off and earn from it so fast.

[Y3shot]

Making Profit is the only thing that I can guarantee anyone who is investing in Bitcoin today, but getting rich by buying Bitcoin? I don't think that's completely true.

If you understand bitcoin very well, you will have that understanding that bitcoin doesn't make one to be rich quick , Bitcoin is  a store of value and it gives financial freedom. People who thinks Bitcoin makes one to be rich quick just only misunderstand it, if you want to be rich you just need to work for it and if you want good value Bitcoin can give you that. Bitcoin is just a support to help one to gain financial stability and not to make one to get rich. If you want to become rich in bitcoin you must think of long-term,  which you must be able to hodl Bitcoin up to a decade or even more.

[maxreish]

Making profit out of it , since 2019 I have been profitable for selling it on highest price. It's impossible for majority, partly yes because they didn't use it to buy things that is beneficial to their lives. As for me, I've built my own house by selling my btc. I don't have any regrets because I have been wisely used it and rebuy at lowest price again.

[Finestream]

Getting rich is still possible but you should not limit yourself from bitcoin alone. You need to develop some high-income skills that are suitable for your other plans and goals in life. You don't have to start it big, but consider an amount that you can afford to lose. Success does not matter much on the capital alone, your commitment and consistency matter the most.

Still, do not stop from DCAing bitcoin, that would bring unexpected wealth once you stick with long term hodling. Having bitcoin and other profitable errands in life, it won't get you quick rich, but you will get there slowly but surely.

[KingsDen]

Op is just not being economical with the truth.

Bitcoin only made early adopters so rich with little investment, but that time is gone.

For you to be so rich with bitcoin in today's world, you should already be a comfortable someone such that you buy bitcoin with a reasonable amount of money.

However, even if bitcoin cannot make you so rich, it will not keep you stranded. It will make you comfortable even with your little commitment to DCA investment method.

So, the reason you should be in bitcoin now is not only a promise to be rich, but this is the future of finance.

[laspol65]

Do not expect to get rich with bitcoin if you just stay buying on your safe zone. You have to take some risk and maximize bitcoin in your portfolio so that when bitcoin price goes to the moon, you will also gain an excellent amount of rewards.

And consistency plays a big role when aiming to get rich. You have to stick on your plan and be a consistent investor as long as you can.

Yes, but if every investor invests in Bitcoin consistently according to his ability, then he will definitely be able to get rich from here. But for the price of Bitcoin to skyrocket, some people want to get rich by investing a little in Bitcoin but do not want to wait. All these investors are basically low-income but because of their greed, they cannot last long. And if they see instability in the Bitcoin market, they give up their Bitcoin investment, it will never be possible for them to get rich or make more profits.
Therefore, if you want to invest in Bitcoin, it is most important to hold it for the long term and it is possible to improve the current position more. However, after the Bitcoin investment is ongoing, you should definitely take the opportunity to buy Bitcoin again and again and increase the amount of Bitcoin investment.

[Vaskiy]

Long back we had the possibility of getting rich through bitcoin. Back then people weren't ready to believe it. Now we've reached far from those days. In my understanding, people who can afford at least 1BTC as a whole could be able to make good money if they are ready to learn and get into trading. Apart from that, people who earn low and have the possibility to spend a small part on Bitcoin investment can't make big money. At the same time, they can grow their hard-earned money. In simple terms, even $50 at a certain time interval will surely give a good profit in the long term compared to the money that is being saved in bank accounts.