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Topic: Can I still get wealthy through Bitcoin? - page 5. (Read 37384 times)

sr. member
Activity: 658
Merit: 256
Freshdice.com
October 31, 2019, 02:58:43 PM
Bitcoin and the blockchain have been presented as the future for a decade now, and it turned many of those who found out about it early into millionaires.  Some rank these two as the greatest inventions of this century: cryptocurrencies, of which Bitcoin is only one, and blockchain, the record-keeping technology that underpins it. Is the prediction of bitcoin's strong future coming true within the next few years? Is it too late to have a chance in getting wealthy through Bitcoin?
I think your fortune will depend on the way you manage and hold your investment. If you are too careless and go quickly on selling your coins without thinking about the possibility of the value going down, you wouldn't definitely gain any benefits from bitcoin. If you are going to outsmart bitcoin, buy plenty while the value is low and sell when it is high, you will still get the opportunity to be wealthy on bitcoin. It is all about patience and strategy for you to be able to get rich with the help of bitcoin.
sr. member
Activity: 2198
Merit: 273
SecureShift.io | Crypto-Exchange
October 31, 2019, 02:45:21 PM
must be based on projections of at least 3 years to continue to expand assets. Many people panic too quickly because they cannot stand the price of Btc floating for months. if you have time to trade, then you must be prepared with quick movements to convert it to usdt when the trend tends to go down, and again pick it up from the bottom. But if you are passive, then you can stay focused on buying in regular portions. Prosperity will come when you are patient and always aware of updates.
hero member
Activity: 1624
Merit: 500
October 31, 2019, 12:01:44 PM
Yes, even if you buy in today, you're still getting in during the early stages of this project. This thing hasn't been going for even 10 years yet. Imagine what 2050 will look like! There's no better time than now to get in if you're going to.
yes, when you believe in bitcoin, it might make you rich. but just holding it in will make you hesitate. I'm not really sure there are people who hold bitcoin that they have from bitcoin have a price until now. they must do other things that are also related to profit, like trading or investment. so, I'm not sure if you buy it now and you can hold it until 2050.

however, you can still get rich with bitcoin right now. the most important thing you need to know is that you can be when you are good at using it. You can hold it until 2050 to see its development, but I think that's a difficult thing. So, I think the price of bitcoin can exceed $ 20k, having lots of bitcoin before that happens can also make you rich.
sr. member
Activity: 812
Merit: 260
October 31, 2019, 11:32:03 AM
Of course, you can get wealthy with bitcoin but the real question is are you ready?
The bitcoin is not a get rich quick scheme, in order to get wealthy with bitcoin you need to HODL your bitcoin for a minimum of 5-10 years Smiley
You can still become rich with bitcoin by not just holding. You can use your bitcoin to invest into other cryptocurrencies called altcoin and you can also try to do trading. Trading is a good source of income that can grow your bitcoin up to 100% in just a few months of trading. There is a lot of ways to become wealthy in bitcoin, just explore the cryptocurrency space.

Becoming rich is always part of the journey, if we really want to achieve something then we must act something and not just relying on crypto, yes indeed, crypto is good but we still need some other things like business, investing in stock market, investing in real estate, so lets not just rely on crypto.
sr. member
Activity: 1274
Merit: 264
October 31, 2019, 11:26:21 AM
Absolutely a big YES. You can get instant rich by investing in bitcoin by also it will depend on how much you will be investing. That's why it is better to invest what you can afford to lose as long as you know what you're doing and know when to buy and sell.

Investing needs knowledge om when to spend your money wisely because you may loose it, if your just buying without knowing on how the market moves.
member
Activity: 252
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CryptoTalk.Org - Get Paid for every Post!
October 31, 2019, 11:17:22 AM
Bitcoin and the blockchain have been presented as the future for a decade now, and it turned many of those who found out about it early into millionaires.  Some rank these two as the greatest inventions of this century: cryptocurrencies, of which Bitcoin is only one, and blockchain, the record-keeping technology that underpins it. Is the prediction of bitcoin's strong future coming true within the next few years? Is it too late to have a chance in getting wealthy through Bitcoin?

As a bitcoin enthusiast on a bitcoin forum that you are posting on, the answer would be a resounding YES. But of course, if we could predict when that would happen, we'd all probably be richer and not spending time on an online forum anyway.

It is not too late, the best time to buy bitcoin is always now, and the best way to get rich with bitcoin is to just HODL.
sr. member
Activity: 1022
Merit: 252
October 31, 2019, 11:14:55 AM
Yes, even if you buy in today, you're still getting in during the early stages of this project. This thing hasn't been going for even 10 years yet. Imagine what 2050 will look like! There's no better time than now to get in if you're going to.

Yeah but let's hope nothing will beat bitcoin in 50 years.
But i think new technology is always coming and in 50 years maybe there is already a payment system with transaction speed within a wink of an eye. Let's hope bitcoin is developing and other cryptocurrency is also developing. That's the only way for cryptocurrency to survive in this current digital world.
legendary
Activity: 1568
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1GhxHtabWhEpdb7e7oEJ2vd542n33BwTHR
October 31, 2019, 11:07:57 AM
Yes, even if you buy in today, you're still getting in during the early stages of this project. This thing hasn't been going for even 10 years yet. Imagine what 2050 will look like! There's no better time than now to get in if you're going to.
sr. member
Activity: 994
Merit: 256
October 31, 2019, 11:01:24 AM
Of course, you can get wealthy with bitcoin but the real question is are you ready?
The bitcoin is not a get rich quick scheme, in order to get wealthy with bitcoin you need to HODL your bitcoin for a minimum of 5-10 years Smiley
You can still become rich with bitcoin by not just holding. You can use your bitcoin to invest into other cryptocurrencies called altcoin and you can also try to do trading. Trading is a good source of income that can grow your bitcoin up to 100% in just a few months of trading. There is a lot of ways to become wealthy in bitcoin, just explore the cryptocurrency space.
Well it is not that much easy to grow your bitcoin 100% while doing trading because it is not obvious that trading always bring a good profit sometimes traders lost a lot in trading by taking wrong decisions in wrong time, in my point of view the easiest way to earn bitcoin for all the people is to hold it for long term because there is very low risk of losing, although if someone refer trading then before that be an expert.
sr. member
Activity: 1120
Merit: 255
October 31, 2019, 05:28:44 AM
It depends on when you bought it (are you buying in a bearish market or bullish market?), and how you invest with it. Owning 1 or 2 Bitcoin isn't that enough to make you wealthy when you don't know what to do with it. So for me you need to trade with it to make you wealthy and only the good Altcoins like Monero, VEIL, ETH and BNB can make you wealthy. otherwise buy at least 5-10 bitcoin right now and HODL for 3 years.

Remember the market is just starting to recover. We see these upward movement every day. Besides the the king of Cryptocurrency Bitcoin, a lot of Altcoins also grow. from BTC, we can expect really big news related to the Blockchain. new implementation in government or company, or big news related to the stock market (ETF), and this will positively affect the entire market.
member
Activity: 168
Merit: 10
October 30, 2019, 06:28:04 PM
Of course, you can get wealthy with bitcoin but the real question is are you ready?
The bitcoin is not a get rich quick scheme, in order to get wealthy with bitcoin you need to HODL your bitcoin for a minimum of 5-10 years Smiley
member
Activity: 346
Merit: 47
October 30, 2019, 02:29:31 PM
Personally, I don't think it's too late to get wealthy with Bitcoin - but if that's the only reason you want to get into it you might be disappointed. I think the key strategy would be to HODL for as long as possible, and don't get spooked by the fluctuations in the market. Patience is definitely the answer here. I've been buying Bitcoin from Vertex for the last few months, so if you're looking for a market place I'd definitely recommend it.
sr. member
Activity: 2366
Merit: 448
SOL.BIOKRIPT.COM
October 26, 2019, 09:33:00 PM
Bitcoin always provides opportunities for those who are motivated to become rich, most importantly have enough capital to invest in bitcoin.
to get rich you have to invest in the long term and be supported by big capital to get big profits, and most importantly you have strong patience because investing in the long run takes a long time to multiply your capital to realize your desire to become rich.
sr. member
Activity: 994
Merit: 257
October 26, 2019, 05:32:15 PM
As long as there is interest in this markets and money is changing hands there is always a chance to make yourself rich, but we also need to recognize that it is harder than ever to reach that goal, in the past the only thing you needed was to invest a small amount of money and coins like bitcoin or ethereum will grow so much that even an investment of a couple of thousands of dollars could have been enough to change your life but unfortunately  that is not the case anymore.

Bitcoin is very popular now and a lot is having interest in it, therefore, it is impossible for bitcoin to be gone in thin air and we are expecting a bull run so it is still not too late to invest in bitcoin. The price now is quite cheap compared to the speculated AHT so might as well take advantage the opportunity to invest and hold it for the bull run. You can also do trading but it takes time learning so might as well be read to learn and be patient.
Bitcoin will always be a popular coin and it could be argued it is always going to be the number one coin in the market, but while in the past a small investment was enough to give you important profits the same is not true anymore with a price of 9k for each coin, to show you what I mean lets go back to a time when bitcoin was worth 100 dollars, in order to obtain 5x your investment you only needed bitcoin to reach 500 dollars but now you need bitcoin to reach 45k.
sr. member
Activity: 686
Merit: 257
October 26, 2019, 05:58:26 AM

The only difference between long term trading and short term trading is how quickly someone can accumulate money. Indeed, it is game of skills and knowledge but if someone is using it more than other, he will be making more money too. Now day traders earn even more than short term because they spend more time doing work. This is beneficial but this is also tougher than other ways.
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Still depends on their strategies, but as per the OP was saying if we can still get wealthy through Bitcoin, then yes, depends on how much capital, how much you are willing to invest and how much patience you have, especially in doing short term, as you need to check the price from time to time for you to be sure what to do.
sr. member
Activity: 952
Merit: 251
October 25, 2019, 02:46:24 PM
You can get wealthy on bitcoin if you have invested on it. Because we know that bitcoin is a good to hold by now and good for long investment.
If you gonna invest on bitcoin you goona get wealthy.
Bitcoin is always suitable to be used as a long-term investment, but you can also get rich with Bitcoin by trading BTC, do daily trading because With daily trading you can easily benefit, provided you regularly control market conditions.
As long that person can do trading very well, long term or maybe short term wouldn't be matter. But for people like me, i can't really do day trading so i do safe way with buy bitcoin and wait for longer time.
The only difference between long term trading and short term trading is how quickly someone can accumulate money. Indeed, it is game of skills and knowledge but if someone is using it more than other, he will be making more money too. Now day traders earn even more than short term because they spend more time doing work. This is beneficial but this is also tougher than other ways.
hero member
Activity: 2016
Merit: 540
Leading Crypto Sports Betting & Casino Platform
October 24, 2019, 09:33:43 AM
Well, surely you can have a wealthy life with bitcoin because it is still not late for having bitcoin. But you need to be patient. We are still in early adopter period I guess. So, keep buying and holding bitcoin then you will be healthy.
This is the most important thing that the aspirers of bitcoin shall understand at the moment that they have to stay patient with bitcoin rather than buying it right now and selling it off after 2 weeks. They need to buy it in dip and keep it in wallets till next year so that they might cash out their profits when bitcoin is at the peak of pump.
sr. member
Activity: 2366
Merit: 448
SOL.BIOKRIPT.COM
October 22, 2019, 02:47:05 PM
Bitcoin always provides an opportunity for those who want to struggle to get rich, but all of that must be based on knowledge and big capital to make big profits.
and to achieve maximum results to become rich, you have to invest long term and just wait patiently to wait for the price of bitcoin to reach the highest price and double your capital and in my opinion this is still the right time to buy bitcoin because prices are still low.
hero member
Activity: 1932
Merit: 504
October 22, 2019, 12:17:12 PM
You can get wealthy on bitcoin if you have invested on it. Because we know that bitcoin is a good to hold by now and good for long investment.
If you gonna invest on bitcoin you goona get wealthy.
Bitcoin is always suitable to be used as a long-term investment, but you can also get rich with Bitcoin by trading BTC, do daily trading because With daily trading you can easily benefit, provided you regularly control market conditions.
As long that person can do trading very well, long term or maybe short term wouldn't be matter. But for people like me, i can't really do day trading so i do safe way with buy bitcoin and wait for longer time.
hero member
Activity: 894
Merit: 501
October 22, 2019, 10:19:16 AM
Well, surely you can have a wealthy life with bitcoin because it is still not late for having bitcoin. But you need to be patient. We are still in early adopter period I guess. So, keep buying and holding bitcoin then you will be healthy.
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