Topic: Bitcoin can change lives - page 3. (Read 1085 times)

sounds like a bullshit somehow but it's a bullshit that quite makes some sense in a way which is all about risk taking and patient. Someone that invests in bitcoin with $1000 in 2010 will most definitely be making that x5 times amount with today's bitcoin price when calculated, not to talk of the ATH price. The question is that is it a risk anyone will be willing to take YES there are investors that will be willing to take it looking at the past records of bitcoin price 13years behind. The profit ultimately may not be a life changing amount but will be worth it.

Having a skill makes the waiting light and non burdensome for you to be tempted to touch the investment proceeds before time and that's what makes the bitcoin journey of changing ones life achievable.

When I first started dealing with cryptocurrencies in 2016, it seemed to me that bitcoin was about to change the whole world. And this proved that the prices of cryptocurrencies were growing very quickly, not only for bitcoin but also for any alcoins, they were all valuable, and there was no scam. Later, Japan also recognized bitcoin. It seemed another five years and the whole world would heal. But this did not happen, because SEC appeared and in general, people did not believe in bitcoin as much as in gold. But that doesn't mean it won't happen later.

I am also optimistic about the future of bitcoin and expect it to rise many times higher than its current price. I support you or others accumulating bitcoins by day, week, month...but I think it's not entirely wise for us to focus on accumulating bitcoin and ignore fiat savings. Because bitcoin is an investment and involves risk, there is no 100% guarantee that bitcoin will continue to exist or will increase in price in the future. We need to think about those risks, don't be too subjective that bitcoin is absolutely 100% safe. A savings account or diversification is essential instead of just focusing on bitcoin.

Bitcoin is already in the business of changing lives. If I tell you for a certain that loads of people have broken out of the traditional way of living cos of bitcoin and the blockchain generally.
Today, loads of folks around the world can tell conventional finance systems to stay out of their lives because of bitcoin.

Cryptocurrencies are much more developed than before. The Bitcoin price you are referring to may have been at the time of Bitcoin's inception.As the days go by, the reputation of cryptocurrency i.e. Bitcoin is spreading around the world.Now only those who are a bit modern but know a little bit about Bitcoin. But those who bought or had bitcoins at the time you mentioned might have become millionaires today if their bitcoins were safe.But there is still time to invest if you want to make a determined investment as now the price of Bitcoin is very low.

Your awareness of the BTC market's fragility is great; many ignore it in their pursuit of profits. Speculation is inherently uncertain. Investing, especially in Bitcoin, takes funds, awareness, and a tolerance for risk. High returns have captivated many, but without a method, its no good.

Bitcoin as a secondary source of income makes sense for individuals like you who have been with Bitcoin longer and understand its volatility. A 10% pricing difference can lengthen the waiting period, pitting patience against speedy rewards. However, with the correct perspective, as you seem to have, the potential advantages can often outweigh the risks. How long before the bubble bursts?

One of the sound mindsets is to engage in investments when the time is right. Not everyone can opt for investing as the most effective path to accumulating wealth, mainly because everyone's financial standing varies. I view BTC as an alternative for those inclined towards high-return speculation. Despite its apparent legitimacy, BTC carries substantial risks for those who cannot endure bearish market conditions.

I perceive BTC more as a secondary choice for generating passive income, given my longer familiarity with Bitcoin. Buying and selling it at price differentials, which can sometimes exceed 10%, may take more than 30 days. Hence, this isn't a quick money-making endeavor, as the returns are entirely dependent on the capital we invest initially.

Yes, that's true, at least for me, I bought my first Bitcoin in 2014, at that time a friend suggested it, I just bought it and forgot about it. My regret was why I only bought a little if the increase was thousands of percent lol

I agree with the statement
"Bitcoin can change people's lives". Yes, we can say that this statement is quite true. But on the other hand, what kind of changes? Does it change for better or worse? Because both are very possible. Someone who could be said to have been rich turns into bankrupt and poor as a result of this investment. However, on the other hand, there are those who were poor at first, then had good success and were finally successful in crypto or especially Bitcoin.

The difference of course lies in several things."
- A person's readiness and maturity before entering Bitcoin investment
- Their understanding of investing in Bitcoin, the better they understand the basics, the better they will be
- Their attitude towards market changes which are very volatile.
- Their mental readiness when the market moves contrary to their expectations.
- Plans A, B, C and so on when investing in Bitcoin.

In essence, before investing in Bitcoin, we must have an understanding of real investment in Bitcoin, not just because of the desire to get rich instantly, gain profits multiple times in one night, or other interesting things. But it's better to first understand what it's like and how the process works, so that later you won't be seriously disappointed and stressed or decide something in a hurry or panic.

What I want to say is that bitcoin is not the only investment in the world and it is just a tool for us to use and it is up to us whether we become better, richer or not. No one, or anything, can help us change our lives and become rich. People keep saying that bitcoin changes their lives, bitcoin makes them rich, and that makes many newbies think that just investing in bitcoin is to become rich without risk. There is no wealth without trade-offs, without costs, including investing in bitcoin, making money from bitcoin is not easy.

Thats true, because the same way Bitcoin is currently at $28k per BTC now, so in the next 10years this same price likely to hit $100k per BTC, and as such, it's never too late for anybody to invest in Bitcoin, inasmuch as you can afford it, and as time goes on you keep on increasing your portfolio by buying more either weekly or monthly, of which I assure you that if only you can do so, in the next 3years, you will be amazed how many BTC you must have accumulated. Far more better than saving your funds in fiat currency in our traditional banks, of which constantly prone to inflation.

Bitcoin's potential to improve people's lives is limited, as investing in it doesn't guarantee wealth. Wealth is determined by one's mindset, skill development, and responsibility, and can be achieved through passion.

Until now, Bitcoin has been able to provide an opportunity to anyone who believes in it, as long as each individual has the initiative to learn. Especially, we have an upcoming halving for Bitcoin, which will definitely increase its value in the next year.

So for the newbies who will enter the bitcoin space, hold it until the halving starts and enter the bull run. Investors will surely have a profit, depending on the amount they will buy to hold the bitcoin, even if at the beginning it is a lesson. and let him know this first while his Bitcoin is only in contact with his balance wallet, either in the electrum or his hardware wallet.

I greatly agree, that although Bitcoin may be a tool for a person to change his life, the core reason is the action of a person. If a person does not act and invest in Bitcoin there is no chance that the Bitcoin price uptrend can change the life of this person. 

If a person wants to change his life, he needs to act and strive hard to achieve these changes.  Even without Bitcoin if a person works smart and hard, he can still change his life for the better, it is that Bitcoin offers more options for how to change people's lives.

Investing in Bitcoin is just a matter of believing it. It is definitely the price won't move if the people don't believe and trust this project as well. Fortunately, it got huge demand because many appreciate this project due to its usefulness and the benefits that we get.
And this gives interest to the community believing that investing in Bitcoin will change their lives because they witness some people having it. We can't really imagine its massive growth which is enough to think that Bitcoin is a great investment that can change ones life.

Bitcoin's potential to transform the financial landscape, provide financial freedom and privacy, act as a hedge against inflation, and promote financial inclusion make it a significant agent of change in our lives.Bitcoin has potential to make anyone financially stable from anywhere!

Realistically, if we go back to when Bitcoin was worth $1, we can't assume it will become $50 because we've seen sellers benefit from the Bitcoin they purchased for less than $1. This is still true today; we cannot predict that Bitcoin will hit $200k because even $30k is difficult to breach. Many folks who lost out on that opportunity can now take advantage of it. Because Bitcoin is still inexpensive, now is the perfect moment to purchase it. Trust Bitcoin if you want to transform your life by investing in it.

DCA method has been one of the way out while accumulating Bitcoin and at the long run most people forget the main purpose of bitcoin and now focus on making profits and forget privacy as long as the profits is coming which is absolutely wrong.bitcoin can change lives but with time and people should learn how to give it time rather than seeing it as a get rich quick scheme and the only way to stay profitable is to give bitcoin time and not put or mount unnecessary pressure on bitcoin.

Exactly Bitcoin is a life saver, but it is dependent on the people who believe in it, as many people believe bitcoin investing is a fraud without doing any research on it. When the price of BTC was low, many people did not have interest in buying because they thought it was just a normal thing that would not rise and wise people bought it and left it for a long time and now they earn millions of naira, they have become rich now I regret not investing in bitcoin early but because I didn't have any idea on it that why I didn't invest, but I don't regret it now since I have become an investor in bitcoin and am already making profit, Bitcoin is a good investment because it is volatile, which means you won't lose too much money like trading, and you can invest with small funds, unlike Real Estate which requires large sums of money before you can buy land, In my opinion they will not get a trust investment like Bitcoin because crypto makes people rich quickly.

Indeed, Bitcoin investment is no different from other forms of investment - it is risky, yet profitable. However, we can never assume that all Bitcoin investors make money from this or it changes their lives, but sometimes this is also a reason for their big losses and regrets in life. Why? Because it depends on the person who invested in Bitcoin - the way they manage their funds and the way they analyze the market.

In your example, not all rich people invested in Bitcoin which I could agree and that is because they don't understand how crypto investment works, not on their scope. In this situation, of course, I'd rather not take this rather than stress myself.