Topic: become rich by bitcoin. - page 5. (Read 2512 times)

Yes, you can. As matter of fact, you can make money in any raging bull market. Everyone makes money in a bull market.
2017 was a raging Bitcoin bull market. It went from about $950 in 1.1.17 to about $15,500 on 12.31.17. That is over 15X . You show me any other investment that can have this kind of return!!
Make sure you are “in the market” in the next bull market. The key is determining the next bull market, you can be very rich man!!!

It would be better and learn bitcoin with its fluctuating nature, so you don't think with a negative perspective, and you're wrong if you think those who are rich in bitcoin are criminals.

For many, they have taken advantage of the so-called ICOs, but due to certain regulations, it has been possible to put aside the great frauds that some people have tried to take advantage of. When we talk about fraud we also refer to those pages that are also from Faucets that promise you a quantity of satoshis every minute or every hour, what they have arranged in time, many of them have investment plans, which guarantees you greater drops for receive, but mostly have ended up in scam, because they always grab when they have a lot of money invested and leave, this has happened many times.

It is also necessary to emphasize that many of them have become millionaires like that, but it is a poorly obtained money, that is, they have become millionaires in that way that is not really worth it, because it is always in a bad way.

When the ICOs that have existed many of them have made the total collection and what they do after many is to leave and leave everything bounced, all the work, all the investors and even bounty hunters, because the ICO raise a lot of money from investors, and Very few ICO are the ones that have actually carried out all their tasks of executing what they promise in their whitepaper.

Nowadays, there are many regulations that have changed and put the rules in a better way and have been changed to STO, IEO, where investors receive more confidence, there are more controls and many reasons like the KYC for both those who want to participate and for investors, causing in some even annoyances, because there are many people who like to be anonymous.

Being too much greedy also sucks us,if you are just holding bitcoin for cashing out when it reaches $100K then it simply makes no sense to the invention of bitcoin.If you can hold your coins longer is okay but don't hold it for more and more profits and to cash out later because these kind of people regret their actions later in 2017 so cashout when you are in need and make your investments later if you can at the later price.

Well i needed that money at that moment so i don't really regret it. But it still sucks when you see when it gets up that big. But who knows it will be 100k+ in a few year and then we all regret we sold some bitcoins.

One of the famous quote from the crypto enthusiast is "bitcoin is not a quick rich scheme" so you have to keep in mind this as well.Sometimes the crypto investments can change of their life into upside down as well if they entered here at the wrong time or don't have enough patience to hold their coins.

That's possible, but only if you know what you're doing, and if you're doing your business in the right alley or department in this vast cryptocurrency market. Many people think that just investing in any sort of department in the cryptocurrency market would make it work for you, and suddenly, more like magically, would make you rich. However, that's not the case. Cryptocurrency investment is a pain in the ass in some ways, but I think, it's all worth it once you cash in. Like for example, for those people who have endured and investment during the time Bitcoin is at its lowest point, right now, I bet, they are all swimming in money due to the increase Bitcoin has gained in the past several weeks. So, having that as an example, it is surely viable to be rich in this market.

I can be rich with many investment ways, because there are for invest many different invest instruments in the world. I believe, the fastest and highest potential some altcoins and Bitcoin. I invest here surely for this reason, also i like risk.

Hard work will be rewarded by good turned around coming from this industry, if you can find time to workout with your knowledge and keep your skills
helps you to monitor what market can offer to your investment, incoming years your dedications will earned you a financial stability, continue to be optimistic and keep yourself more deeper to this industry.

I fully agree with your opinion, if we think about the risk in the crypto market. The crypto market is far ahead of traditional markets in terms of the risk. In first post of this topic is say as a fraud, so I told about that illegal activities were not made only with cryptocurrencies.

Who told you that Bitcoins were first traded for $0.30? That's wrong. The first coins were mined in January 2009, and the first exchange (New Liberty Standard) was established almost a year later. The first exchange rates (in 2010) were around $0.001 per coin and by 2011, the prices had breached the psychologically important level of $1 per coin.

If you are persistent, not greedy, ready to learn something new about cryptocurrencies constantly and use this knowledge in your work with the cryptocurrencies, you will finally improve your financial situation.

I'm doubt your topic about what? anyway bitcoin price has always kept its position successful. 1 BTC = 8000$ What do you think this? Where bitcoin first started 0.30-0.50$ something, You never thought it was a great success.

   Precisely, bitcoin is one of a way to make us rich by taking the risk and creating sensible strategy that can be defend from becoming failure. Somehow, many people who resemble and keep bitcoin has make their life change and earn wealth in an appropriable way. And with high determination and positivity, every shortcoming may appear will be conquered and wealth will lead on our individual way.

To be honest, it is very hard now to see if you still going to get rich in bitcoin. They say next year is the most awaited year for another bull run but seeing on how hard the FUD gets in the way, I think we can only manage to play around $6k or $15k if we are lucky. If only US and CHina become very friendly again to crypto then I can see hundreds of people reaching their dreams of becoming a millionaire in btc.

The other markets are not this volatile. Check the crypto charts during the last 18 months. It can be seen that many of the top-10 coins lost as much as 98% of their value during this period. You will not find similar assets in the stock market (among the large-cap and mid-cap stocks). At the most, the stocks can have 30% or 40% price movements during a one year period (anything above that would be exceptions).

I guess just by keeping the coins we have is not enough. some strategies and other studies are needed. well, I've been trying to hold a few coins since 2017, and of course the price has really dropped. so, I think being rich by using bitcoin, or altcoin requires a strategy and trying to take all the opportunities.

I think that is an advantage for those of you who can hold coins for a very long time, only a few people can do that, the rest they often panic when they see prices fall, and there are still many ways to become rich.

so the conclusion is we need to hold our coins for long time.while holding coins we have to trying to find an update from developers team or we will miss important thing that give big influence to price.

It is possible if you know how to hold your coin. Bitcoin or alt can make you instant rich if you are lucky. Just like peole who hold raiblock before. Just like holding Bitcoin when price was still 3 digits. You will never know unless you risk holding coins just aiming for the long run and not just quick profit.