Topic: Bitcoins the step to wealth. (Read 448 times)

The steps to wealth in a broader sense is not only exclusive to Bitcoin. The reason why your friend mentioned Bitcoin as a step to wealth is because he pursued the interest to understand it better and dedicated his resources, risks aside.
If you don't have an interest and don't make out time to study its language, its trend, its investment options, I believe it will be quite difficult to succeed at becoming wealthy with Bitcoin.
Infact in life generally, what you don't sacrifice your time, effort, intellect to; it would be hard to succeed at it.

There's no surprise there as anyone who invest some time into the forum can't never be the same as he was before he started participating in discussion on the forum. The forum is filled with so much wisdom but at the same time, you can get lots of rubbish over here there therefore it's left for you to take what benefits you while abandoning the rest. We have lots of users that only comes to write generic post just because their campaign demand that to get paid but we also have high intellectual users and just form their writing you'll noticed that and those are people you should be reading more of their write ups.

As for Bitcoin been a step to wealth, I see no lie in that. The rich and successful people invest in assets and Bitcoin is an asset. Bitcoin also is a rare commodity since it has limited supply and over the years, less supply will be available in the market and when you ask the rich they'll tell you to not just invest in in asset but rare ones that are bond to increase over the years due to their limited supply. Just buying and holding Bitcoin takes you a step closer to wealth than most investment opportunities made available to the common man.

Bitcoin has changed many lives. And still changing. Like you can take an example from yourself. And many of us on this forum who are changing. I personally will say I also learned a lot from this forum. When I registered I don't have much knowledge but now I have some good suggestions. And I have some money management plans which I am using and trying to safe myself from big loss.

Ofcourse,Bitcoin has thought so many people what they never knew,and it has given so many people a life they never dreamt of.Yes,you are right that one shouldn't invest their all in Bitcoin to avoid ending up in heartbreak,but it depends on the area you channel your money to.If you trade with all your money,it might be bad because we all know the game is risky,but that shouldn't stop you from making or taking the risk,because risk takers are rich people.

Anyone who is interested in Bitcoin and found this forum either you find it yourself through research or someone refer you or told you about Bitcointalk is welcome here. One more thing, this is also the best forum you can visit if you want ro learn more about cryptocurrency such as Bitcoin and more starting from asking here through creating a new topic like this one. With Bitcoin, it could be a step to wealth if you have the patience to achieve it. I am sure that your friend have already told you the basics of Bitcoin and being knowledge could also make you wealthy after all Bitcoin is the step to wealth which is your title too. If your friend did not educate you all of it then you should start at learning especially the forum rules.

Bitcoin is sure a step to wealth, but sincerely I would love to advice you not to channel all your energy in all about making wealth from Bitcoin, so you won't be so heartbroken when you might make loses, I will advice you to be in the forum and learn more about Bitcoin, and ask questions where you don't understand, and members will be willing to answer to your questions and help you out,
This is my thoughts though, you are highly welcomed to the forum...

Nobody doesn't panic when they lose money and nobody wants to lose an investment even though they're prepared. Most of the people who succeed with bitcoin have experienced even huge losses, but it is important that we do not fall after each failure, always get up and move forward, one day we will succeed.

To be honest, I don't believe that the people who get rich from bitcoin have never experienced a single failure, simple they don't give up after each loss, and they make it their own experience throughout the journey to conquering their wealth.

You are welcome, you will be able to gain a good idea about Bitcoin in a short period of time. Moreover those who come here only for profit are lost at some point. Your knowledge will encourage you to stay in this platform. Everyone hopes to be successful in Bitcoin but not everyone will be successful. Only those who believe in it and dream long term will succeed. You can invest in Bitcoin and also gather more knowledge. It should be remembered that those who have sufficient knowledge generally they can be resourceful. There is a high possibility of success if you proceed carefully without being too greedy.

Not everyone has the same luck of being able to earn big while investing in bitcoin so I dare not say that investing in bitcoin can make us rich quick but if your goal is to invest in bitcoin as a hedge for the future then of course bitcoin is one of the right choice, because so far if we pay attention to bitcoin being able to have a better value from year to year even though basically bitcoin has high price volatility but holding it in the long term has proven to be able to minimize these movements.

You are welcome to the forum, mate, I'm sure you are in the right place where you can get 99% of what you want to know about bitcoin, here are many people who have an idea and experience with bitcoin, and you are free to ask as many questions as you need to be clear about it and any idea you are free to share it here.

your friend is right but did he/she tell you about what bitcoin will make you rich? just to let you know that every day there are many new investors who buy and sell bitcoin but the number of those who buy will be very large and the law of demand applies here, if more and more invest in bitcoin the value will be higher, besides that bitcoin has a halving cycle every 4 years and the reward block is getting smaller.


because this is your first topic, I welcome you to join, don't be shy to ask, besides that don't worry about the price of bitcoin, if you really have a strong intention to invest in bitcoin then 1 btc will forever be 1 bitcoin, that means nothing it's a loss for you to invest in bitcoin even though the price (if the value of your currency is used as a benchmark) is very volatile.

you are welcome, The more time you spend on this forum the more you will learn. No one learns everything completely in the beginning. You have not been here for a long time, only staying here for three weeks, you cannot learn anything well in these three weeks. You must spend more time here to become experienced. However the more you learn the more you learn and the more courageous you become. You can think right about investments and invest without being discouraged by people's words.

I know you're trying to keep to that principle of "Don't put all your eggs in one basket" but what if that basket is the only available one to you or if it's the only one that will be useful to you? Quite alright it's good to have more than one stream of income. However, what happens when there's no other stream of income is for one to emphasize the one at hand by finding ways to be better at the game.

What i want to say in this point is that your consistent in the community will make you to find more things that has being unknown to you directly, so therefore i believe that i believe that once you make the community of bitcointalk your friend through research of the previous chat's and topics you will be able to acquire new knowledge of things that is strange to some of the people who doesn't make a research of anything.

Bitcoin could be a source of income or a side hustle for some persons but is not sure destination to wealth or maybe am not aware.  
You're welcome to the forum am sure here with time your timidity will disappear cause you have come to the right place when It comes to Bitcoin issues

First lesson: Don't easily believe you can get rich with Bitcoin. Maybe this can happen, but there are some conditions that make it rich because of Bitcoin. And this is an inaccurate and dangerous understanding, especially for beginners in the crypto world.

- There is no guarantee of getting rich easily because of Bitcoin. Many people become rich with Bitcoin because they have gone through various processes which are not always as smooth and as desired.

- Learn in advance when to buy Bitcoin, where, and how the holding process is. If you expect to get rich quickly, it will not match your expectations. because Bitcoin may be suitable for long-term investment at least you have to buy Bitcoin during the bearish season and sell Bitcoin during the bullish season. If you panic and immediately sell it when the market crashes in the bearish era, then you will only lose money.

- Be patient and wise in investing in Bitcoin, and be smart in choosing a platform because there are lots of scam platforms that can actually get rid of our money.

- Don't easily believe in people who promise investments with very high profits by leaving your money with them, they could be scammers.

I'm not going to say you will definitely get rich from bitcoin, but you might get rich investing. I mean bitcoin will never guarantee you to be rich even if today you could actually tell that there are tons of billionaires out there who are bitcoin investors.

Investing is a step towards wealth, but bitcoin is just one asset that you can consider in your portfolio because of its potential and other advantages over other investment assets out there. So invest in what you love and believe you can earn, it's not just bitcoin.

Yes, your friend have spoken the truth. Bitcoin have make a lot of people become rich because those people understand how Bitcoin work. I will like you to continue acquiring the knowledge about Bitcoin for main time before you  into the investment of Bitcoin, so that you will letter be frustrated whenever anything happens to the Bitcoin market prices.their are some people out there complaining and condemning Bitcoin, they are doing this because they don't have much knowledge about Bitcoin before investing in it. However, I would advise you to get involved in anything, such as a business or a job, so that you can earn a consistent income. Don't use Bitcoin as your sole source of income, then.

As early said above, people are discouraged because they don't have more knowledge about Bitcoin . Seeing Bitcoin value being low should be an opportunity to for everyone to buy, because this is not the first time things like this have been happening and whenever the Bitcoin lose value like this is always rebounce back, and that is truth about Bitcoin.many people coming to invest in Bitcoin nowadays think that they can get reach quickly because they heard that somebody in their community make more money in bitcoin not knowing it takes that person some years before it was able to make it.so it is long term opportunity not short period if truely you want Bitcoin to be step to your wealth.

You are highly welcome to the forum. I believe nothing is much to be answered here, you in a right place. Feel free to ask any questions concerning Bitcoin and crypto in general.

You are highly welcome to the forum.

I do not mean to discourage you but however I still want to raise my opinion on your topic and it can be of help to you or any other readers.
There are many steps to wealth but bitcoin is the least of them if you ask me, if you want to be wealthy and financially stable you should find a way to own a business or whatever thing that will be bringing steady cash flow.
The few people that became very wealthy with bitcoin did not plan for it maybe they were a few risk-takers and opportunist who embraced Bitcoin in its early stage when it's worth nothing.
And to be sincere with you those days are gone for ever.
For you to be able to make huge amount of money from today bitcoin means that you are able to invest huge amount of money and wait for a minimum of 4 years.

So, I would advise you to remove the mindset of wealth building and focus on how to learn Bitcoin, there is not doubt that bitcoin will make you to be stable but it might not be able to make you as wealthy as you might think


I am honestly surprised to meet a newbie that the news of bear attracted to bitcoin. Bull run period has always been open window to newbies who will buy at high and the market eventually will dump on them.

You are highly welcome to the community, but don't forget to obey the rules and regulations that guide the forum so that you will be able to achieve what people are achieving in this forum. Bitcoin is a potential asset you can invest your money in the time of bear and hold for the price to move higher before you can visit the market to make a good profits. Many people has achieved a lot of money on this potential asset because they bought Bitcoin when the price was low in the market, and sell when the price was high in the market which is the simple strategy many people used to step into wealth in this community.

You are welcome and congratulations on finding this forum. But we have welcomed many that started like this but got lost in the Crypto-currency ecosystem and either went out the same way or they left out with loss.
You are fresh here and I don’t think you know if Bitcoin is a path to wealth, I can even suggest you finding a skill is a better path to wealth than hoping on Bitcoin and crypto-currency.

The Crypto-currency world is volatile, it can take a while for a bull run to appear and many times if we honest the bad market is predominantly occurring. But this won’t be a problem for long term Bitcoin holders. Find other use of Bitcoin and just like me you would appreciate it better.

Bitcoin isn’t necessarily the steps to wealth. You shouldn’t be under the illusion that one could get wealthy overnight just cause of bitcoin. Like literally with all things, you could only reap the gains or profit if you put in time and effort. Bitcoin is same. You would need perseverance to be able to hold for the long run and that’s what you should be aiming at.

And you also shouldn’t be looking to bitcoin to get rich. Bitcoin, like all investments are risky and the need to diversify is yet again reiterated.

You are welcomed to the forum and your questions are always welcomed. You should grow a tough skin as not everyone you come across with on here would be civil. You shouldn’t let that stop you from asking whatever you want to and being yourself.
The knowledge the forum gives is open to you. Explore!

I think bitcoin of course can lead us to be rich someday, but it depends on how we do it.
But remember that in this world there is nothing easy if we want something to work for us.
It takes hard, persistent and disciplined effort and often sharpens our skills and knowledge.
Remember that cryptocurrencies can make us successful but also have high risks too.
Of course this forum is indeed a great step to learn about cryptocurrency, we get knowledge and experience from various perspectives from many people and various sources.
Don't hesitate or be embarrassed to ask questions in this forum when you have trouble, in this forum there is a lot of knowledge and experience that we can get from people from all over the world.
Welcome and enjoy diving into the world of cryptocurrency and hope you will get what you want.
Don't forget to always follow the rules set out in this forum.

Your friend might/mightn't be correct, Bitcoin is a currency that can appreciate quite well in the long term, and for individuals who prolly bought at the right time and hold'd it, they would definitely make great ROI. But Bitcoin isn't actually a step to wealth, to be wealthy requires quite a lot of personal sacrifices and investments, Bitcoin could well be one of such investments, but associating Bitcoin with becoming wealthy is wrong, because sooner rather than later you'd turn into one get rich quick investor and start making mistakes that will lead to doom.
Bitcointalk is a great platform to garner Bitcoin and cryptocurrency knowledge, and i can assure you that the learning here never stops, and you'd learn more the longer you stay.
Mind you that you should not only be attracted to Bitcoin because of its price that is very volatile for now; you should do your own research about the network generally and not just its price, thus that way you'd be able to handle price corrections and understand all about the Bitcoin cycle; you'd also be encouraged to use it as a currency and not just to hodl or seek ROI.

Bitcoin is not a money making machine. Bitcoin is simply an asset that due to some factors greatly appreciated in price. It may or may not continue growing at this rate or at all. There is no proven method for predicting Bitcoin's price, all the existing methods are wildly inaccurate.

If you want to get rich, you need to consistently make money and Bitcoin is not consistent. Bitcoin is a good asset to own in your portfolio, but going all in on it is not a good idea. Because in worst case you will lose a lot of money and time.

Good day mate, absolutely you are welcome here in our community.  First of all you need to know the forum rules first to avoid mistakes, also here in our community you can gathered a lot of knowledge that you can apply if you will invest
And about the Idea that bitcoin made you reach someday then that is true mate if you are investing bitcoin for long term because bitcoin is one of the trusted coins for investing it will bring you to victory.

Yeah! engaging in bitcoin via trading or investment etc is great but before you do so I advise you get the basic knowledge that would take you out of harm's way. However, i believe you're in the right place to get enough. Welcome and take your time to read through topics.

Yep and maybe nope, hard to explain. Considering that you're a beginner, you should look for more appropriate references, especially bitcoin management so that the "get rich" advice doesn't backfire in the future.
Luckily your friend talked bitcoin for the first suggestion and your intense curiosity led you to this place.

Path of bitcoin will not necessarily lead you to wealth, but it will allow you to keep the value of your money. Which, in fact, is one side on the path to wealth, and without this it is impossible. On the other hand, you need the ability to earn. These two components: the ability to earn and keep what you earn just allow you to come to wealth. Where there is wastefulness, no desire and no ability to earn money, there can be no wealth in principle.

It could be a step to wealth if you have plenty of it and you bought it at a very cheap price. Rigt now you could consider one, but are you sure that it has some sort of backdown too. If you have no income from work or business its really hard to rely on bitcoin investment unless you are a philanthropists that have many buying power for that.

Welcome to the forum. Did your friend mention bitcoin or bitcointalk? In any case I think you will be disappointed if you continue to believe that bitcoin is the step to wealth. There isn’t a lot of money to be made here, bounties and signature campaigns are the only way to earn bitcoins unless you have a skill or service you can advertise on services board. The perception that bitcoin is a backdoor to getting rich fast is wrong, and you will only end up falling for scammers.

Everyone who joins this forum will be well received, especially those who want to learn to use bitcoin to invest differently from other types of investment.
We all don't know the first time, but learning to know more will give us more information.
You don't need to be ashamed to learn and can continue to read other information and ask questions about things you don't know.
Crypto is a new way that is not known by everyone out there so you are a lucky person who can know crypto.

The public perception of Bitcoin that it is a way for people to get rich is still very much prevalent. And while it is wrong, the history of Bitcoin's price has proven that it was true. However, what happened in the past won't happen again. That Bitcoin could grow a thousand fold is a thing of the past. It was true before. Sadly, it cannot happen once more.

If there were people who quickly grew rich because of Bitcoin, it wasn't really because of Bitcoin. It was simply because of timing. Today, it is wishful thinking to even expect Bitcoin to grow a hundred fold. So to consider Bitcoin as a get-rich-quick investment is plain nonsense.

That's true, unfortunately.
If you have a steady flow of cash from a job or a business, you can always put 10% of it into bitcoin each month and not worry about the price. What's the worst thing that can happen? Bitcoin goes down 20%? You just lose 10% of your 10% which is like nothing. When you're someone with no income investing their savings, a 20% reduction in that can make you lose sleep.


That's also what made me interested in 2015 when we were scraping the bottom.
Invest what you're comfortable with. Bitcoin will be higher than it is today, but we won't give you the exact time. It can be next year or in 3 years. Make sure you can survive without the money you put in bitcoin for at least 3 years, without having to borrow money or sell your home to buy food

If everything was as simple as the title of your topic, then we would all have a few Lamborghini here.
A lot of newbies come here with similar ideas. But in telling you about the bitcoin success, I would add a few bitter stories. Stories that cost human lives. Of course, there is no direct influence of bitcoin in them, but there is a relation to it.
Therefore, being here on the forum, free yourself from the illusions of getting rich quickly, and step by step, start to learn more deeply about investing, holding, and time to make your dreams come true in a plus, not a minus.

The collection of wealth requires, planning, thinking, reformulating and improving the line in order to get enough cash flow equal to your behaviors, and then you can begin to maximize this flow to become a chandelier.

How to generate this cash flow and how to reduce your letters is the key to wealth, bitcoin may help you to do so, but unless you have a strong financial basis, whatever you have from the baccalaureate you will not become rich.

Yeah bitcoin is a tool to wealth but I don't regard it to be a means to getting immensely rich by huge profits from it although its possible when you got it at a lower price but this takes time and patience something many humans lack.

In my opinion its a tool to wealth because its a store of value. With it your money is save from excessive devaluation like local fiat's, also an hedge against inflation. This are my tools to wealth.

Welcome on board your are definitely at the right forum to learn about bitcoin

Don't depend on only bitcoin to make yourself some wealth because it has to do with the timing. Yes if you invest while price is low and about driving up well you may be lucky to have some profit depending on how long the bull last. I don't subscribe that people should keep the idea of btc making them wealthy , just have it as an option to your investment or you invest after close to halving and immediately after the halving because it is shorter to expect profit then than locking up your capital for long and expecting profit that you could get if you invested in a fast turn over business even with little profit the fast turn over can lead to good margin profit on long time.

You're always welcome in this forum community and you should know that here is one of the best places you can be with regards to getting most knowledge about Bitcoin as this forum was founded by Satoshi himself who is also the founder of Bitcoin.
You should first take your time to learn the rudiments and basic concept of Bitcoin before finally jumping into investing real money into it and now is also one of the best times to buy Bitcoin and hold as the market is currently bearish.

Always fee free to ask questions whenever you feel the need as people are always ready and willing to provide the necessary answers

If anyone tells you that bitcoin a way to wealth, it means you should invest in bitcoin at the appropriate time so that you can make money from it when bull run start. A time in 2020, bitcoin was $7000, but in 2021, it reached $69000 before falling back to $16000 now. If you have bought it at $7000 in 2020 and sold some at $50000 in 2021, that is not a small amount of profit. You can just do that now too when bitcoin price has already falled and find a good investment means by investing in it.

Although Bitcoin has very good history on 2017 and the last year, also many people give a prediction Bitcoin would reach new ATH on the next few years later. Don't forget Bitcoin has high volatility and anything can happen, the first rule of investment is ready to accept the risk if your speculations goes wrong. Bitcoin might not become dead coin since it's the biggest coin among other cryptocurrency, but there's no guarantee Bitcoin will create new ATH.

=The road to wealth is mostly cashflow, not necessarily an asset investment that's unproductive. It's heavily recommended to have steady cashflow/s first before buying something like bitcoin as bitcoin can't necessarily pay your bills unless you wait 5+ years.

Definitely Yeah, you're welcome.
Well, when you say you heard some news about Bitcoin's devaluation, and that attracted you here.... how's that?  sounds funny to me.
You've done well to lookup things in here for yourself, without asking questions, as you said you're three weeks old but this is just your first post? How I'm I sure you've read through the rules of this forum? Or maybe that's overemphasize? No way!!
Secondly, have you had any knowledge about Bitcoin proir to your registration? If yes then you're not gonna have much difficulties in here. Feel free to ask any questions where necessary.
Welcome on board!!!

Sandra 💇

Everybody is welcome here that's why you can see many ideas other perspective coming from different people and since you are new to crypto or bitcoin to be specific then maybe 3 weeks of learning it is not enough. Try to grab more knowledge on it and search some good articles via surfing it on google since you can reach out some important statistics also other things what you need.


Also try to read what people discuss to know the insights and sentiments of the people on current condition of the industry. Anyways good luck so hopefully you will have courage to try since crypto really change lives if you spend more time to learn more about it.

I asked a friend the Steps to wealth and he mentioned bitcoins. I have been in this forum for like three weeks now reading different topics from people, and I have learnt more in these weeks than I have known since. The same news about bitcoin value being low that is discouraging many people from it is the same news that has attracted me here. This is my first topic, it took me a while to gather the courage because I am somehow Timid, I hope that I am welcomed here.