Quantity is important but check different altcoins, don't put all your money in one coin.
Topic: BITCOIN won't make you rich! Quantity is important? - page 2. (Read 516 times)
What if bitcoin price is above 100.000USD ? can you imagine this scenario ?
My dream is 1 satoshi = 1 Cent This will make all of hodlers rich.
My dream is 1 satoshi = 1 Cent This will make all of hodlers rich.
I hope your dream will be reality
.If 1 satoshi = 1 Cent dream became true then it will be who have more satoshis.
So basically quantity is important if you want to have more profit in the future. Its just math, you put it on the paper and calculate. It is better to do it that way then in your head.
My goal for now is to reach 1BTC.
What you are really talking about is % appreciation, the price of the coin is irrelevant.
I think that btc have more chances of making 200/300/400% gains than any other altcoin, so I'll stick with them.
I think that btc have more chances of making 200/300/400% gains than any other altcoin, so I'll stick with them.
i completely disagree. read what i wrote under my avatar. it is not a joke.
first of all the percentage of the profit is important not the amount. everyone can afford to invest a certain amount of money not unlimited. someone is willing to invest $100, someone else $1 million. both can make the same percentage profit. but second person takes a much bigger risk and in case of loss his loss will be much bigger.
secondly there is a difference between a solid investment with (moderately) low risk but high reward (being bitcoin). versus a high risk high reward investment.
if you invest in bitcoin, the chances of making profit are there and are good.
if you invest in altcoins the chances of making profit are there but they are low and you must have to be a trader and understand how to do it.
with bitcoin you can "invest" and make profit over time. with altcoins you have to trade and make profit.
first of all the percentage of the profit is important not the amount. everyone can afford to invest a certain amount of money not unlimited. someone is willing to invest $100, someone else $1 million. both can make the same percentage profit. but second person takes a much bigger risk and in case of loss his loss will be much bigger.
secondly there is a difference between a solid investment with (moderately) low risk but high reward (being bitcoin). versus a high risk high reward investment.
if you invest in bitcoin, the chances of making profit are there and are good.
if you invest in altcoins the chances of making profit are there but they are low and you must have to be a trader and understand how to do it.
with bitcoin you can "invest" and make profit over time. with altcoins you have to trade and make profit.
Quantity of bitcoins is important for the same reason that if you have 1 dollar you are poor and if you have 1 million dollars you are rich.
i believe bitcoin has a chance to make someone rich but requires patience.
But in 5 years time both altcoins and btc can make you have a comfortable life.
But in 5 years time both altcoins and btc can make you have a comfortable life.
If you want to gamble to a million, alts are the way to go. I think EOS will surprise everyone and is a good gamble at this price. Finding, buying and holding newer low market cap coins that provide anonymity/decentralized exchange/pay card and have potential is another good gamble to a million.
What if bitcoin price is above 100.000USD ? can you imagine this scenario ?
My dream is 1 satoshi = 1 Cent This will make all of hodlers rich.
My dream is 1 satoshi = 1 Cent This will make all of hodlers rich.
Realistically how long will it take to reach $100000 for a bitcoin? At least a decade, no??
What if bitcoin price is above 100.000USD ? can you imagine this scenario ?
My dream is 1 satoshi = 1 Cent This will make all of hodlers rich.
My dream is 1 satoshi = 1 Cent This will make all of hodlers rich.
Hello Friends,
I am new in cryptocurrency world. But as far as I understand so far, quantity is very important to make some one rich.
For example if someone purchase one Bitcoin for $5000 and hold it for years, how much well off he can be in future? Bitcoin may rise to $25k but still he wont be rich.
Even if a person bought only one bitcoin at 2009, he would still not be rich today with just one bitcoin. He will only have $5k. All the statistics that we see that will make some one millionaire it is only if some one had hundreds of bitocins!
So, is it good idea to spend $5000 to buy just one bitcoin or spend that money to buy thousands of other coin that has potential to grow? Which one has the potential to make some one millionaire at present considering Bitcoin price is almost out of reach $5k/bitcoin ?
Thanks
I am new in cryptocurrency world. But as far as I understand so far, quantity is very important to make some one rich.
For example if someone purchase one Bitcoin for $5000 and hold it for years, how much well off he can be in future? Bitcoin may rise to $25k but still he wont be rich.
Even if a person bought only one bitcoin at 2009, he would still not be rich today with just one bitcoin. He will only have $5k. All the statistics that we see that will make some one millionaire it is only if some one had hundreds of bitocins!
So, is it good idea to spend $5000 to buy just one bitcoin or spend that money to buy thousands of other coin that has potential to grow? Which one has the potential to make some one millionaire at present considering Bitcoin price is almost out of reach $5k/bitcoin ?
Thanks
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