Topic: Can lean investor become rich in Bitcoin (Read 348 times)

You cannot become rich overnight in any field and you need to work hard for it and have knowledge to maintain the funds.Getting quick rich schemes are not going to work for anyone.Talking about bitcoin you need to invest your funds and give them some time to return back profits in market and have faith in it.You may come across many negativity and FUD but you need to overcome them all by holding your coins safe with you.

No,not at all you can have say $10-$100 short investment also keeping that they are above the tx fees and you are good to go with btc investment.But you must keep in mind DCA strategy which will help you to gain more sats with you at intervals and you can invest what you afford to make.I have been doing the same and have created a similar thread for it here: My past 3 months bitcoin journey. So you need funds not a big capital to start with btc investment.Remember those who have invested $10 also in btc in initial days are now worth millions.

You can simply hold your coins in hardware wallet like Ledger Nano S and Trezor with seed phrase backed up and relax and hold your coins for long term.Now they are above $50k and if you look at price charts and adoption curve you can clearly speculate that the prices will be above $200k or more in coming years.So just continue with DCA.

There is always volatility in bitcoin prices so what are you trying to say exactly? Dips or corrections spread out due to FUD or whales manipulation usually make newbie and old investors who don't have knowledge of bitcoin panic sell their coins which is their biggest mistake and it has been said many times not to do such things.

Of course it's not an easy thing for dude to get rich especially through bitcoin, if you only invest in bitcoin. but there are some altcoins that can increase your income if you invest in those altcoins because for some people who have missed the train on bitcoin they invested in altcoins and managed to increase their income

You're looking at the price, yes it is expensive but it's not restricted to those classes of people because it's still open for everyone as we can all buy bitcoin at decimals and portions of it. If you cannot avail to buy the whole bitcoin, do not be discouraged and it's not the reason to stop buying bitcoin. You can buy bitcoin as much as you can and as low as you can. It is intended for everyone to be owned and the same thing has been happening again as people in the past said the same opinion.

Yes, it's very hard to be rich by investing in Bitcoin. I mean you can see people are getting to be rich, even you are thinking it could also happen to me if I can take the proper decision in proper time. And only the people have a big heart + Fortune could be rich. Personally I am very Panic, plus have not big Amount of money to invest. But somehow if I would able to collect the big amount of money for investing I could not be rich man due to my panic /wrong decision. LOL

Unfortunately, with the bitcoin price tag at the moment, it is really intended for investing in the middle and wealthy class, unless you invest your savings for at least 2 years in advance. But with such a price it is very difficult for a small investor to get involved in a short time, maybe there are experienced ones who will share a secret, but I am sure that when multiplying 0 by 0, it turns out 0;)

Most persons that becomes rely rich today are so because, they invested in an idea. An idea more far from solely thinking of the fact that, they want to be rich. It is one distinctive factor of a true investor. To be see opportunities in the little things and nothingness of things in your environment and you build on it till it gets real value.
Like most persons, I didn't meet bitcoi  at an very early stage, even though I lived in the era with its advent. I got interested at a much later time but still know it isn't too late to start from where it left off. Owning 1btc might seem a lot off the hook for most persons but, you must and should come to terms with the fact ghat, there are other denominations and invest in it. When it comes to cryptos, there are altcoins too. The investor in you should be able to identify the underlying opportunity and know how to pick it up.

I don't see a bitcoin or crypto currency for the buoyant financially, I see a bitcoin or cryptocurrency that is encompassing based on your stands but how you build from there and how far you go is completely up to you. If you keep looking at the price, then it's time and opportunity passing you by unnoticed. Learn, have an investment plan and dig in.

It's easier to becomes rich through bitcoin but from exception of the forum, people that is capitalizing that bitcoin can't make you rich don't really know or understand the important of bitcoin from their domain, using myself as example, since I know what's bitcoin from a friend, i notice that bitcoin trading gives finance like monthly salary earners, so basically it's your strategy or method that can make you wealthy or Richer through bitcoin invest, using 2010 and 2015 as reference via the price of bitcoin then, i could remember vividly when the price is $10k so people that invest then and allow the investment to stay till date, they have profit realized their profit almost ten times higher than their capital...so cryptocurrency especially bitcoin is the short cut for Getting upleft from poverty if strategies well.

Are you saying that the poor can't invest in Bitcoin, it for only the stable and rich people who can invest in Bitcoin?

The price of Bitcoin is volatility which results to the changes in the price direction but you don't just lose by that price change. You only lose or gain when you take action, that means if the price falls below your buying price and you don't take any action instead continue holding, you don't loss, you only lose when you sell in losses. With that been said, you should hold unto your coins in situations like that.

Bitcoin has a record of always recovering from any downward movement it has been on and the recovery usually results to a new all time high. You selling when the market is down will make you miss out in this new highs. Bitcoin has an finite supply meaning irrespective of the demand it currently has been constantly, over the years  the price is bond to increase.

See every bearish market as an opportunity to accumulate as many Bitcoin as you can because when the bull comes you'll profit although don't over invest that you'll end up panicking instead as you have said, investing funds that you won't mind losing.

We should know Bitcoin isn't a quick-rich scheme. But sadly that's often we have been thinking. That's the main reason why we are away from Bitcoin technology and it's one of the main reasons why always we have been facing losses. All investors have enough abilities to invest in Bitcoin except small investors like me. We aren't stable financially, but a real investor is definitely financially stabled. I know many people become rich and millionaires from Bitcoin, but on the other hand, many people came on the road as well. So always we wouldn't be lucky to become rich, it depends on many things. You often see the rich become richer always, there is reason and its financial stability.

We should remember that there are several people who hold their bitcoins from the past and became multi millionaire today for holding bitcoins so we cannot decline the thoughts about becoming rich if we only have guts to spend money and hold it for long term basis. We may struggle for seeing the price keep moving or even dumping but if we have aim to hold for sure in future we can became if not millionaires but for sure earning thousands of bucks from bitcoin holding only.

Anyone can invest in Bitcoin whether he is rich or poor. Even a poor person can invest in Bitcoin if he wants. But for that he has to set a goal. He can save a small amount of his income and invest in Bitcoin.  Investing in Bitcoin does not mean wasting money but it is a saving that can get a much higher return in the future. I think Bitcoin is not just for middle and rich class people but it is for all classes of people.

Obviously you can become rich in Bitcoin provided  you plan and set goals.... 'Remember' rich people are goal setters, generate different flow of income / earnings and if you know how and when to invest you invest wisely in order to retain your wealth at long run.

Investing in Bitcoin can achieve freedom of wealth, but Bitcoin is not a plan to get rich quickly, nor is it a way to get rich. Many investors who invested in Bitcoin early and held it for a long time have already benefited a lot from it.

There may also be losses when investing in Bitcoin. The price of Bitcoin is very volatile. If it rises, you may make a lot of money, but if the price falls, you will lose a lot of money. It is necessary to invest appropriate funds within the range of risk loss that can be tolerated to invest in Bitcoin.

Yes, with time.
The principle of multiplication indicates starting small or with little and with the fulfilment of all required effontery and business techniques, with total focus and carefulness, taking risk at it optimum, and reinvesting the capital along with the profit, with time the multiplication will increase, but always play safe and understand the strategy to Bitcoin when investing or trading.

Another factor is that no one is born poor but you can choose to be poor, that is the difference between the rich and poor man's mentality, if you had no capital to start with, you can lend, consult family or friends, or engage yourself in menial jobs to have some savings, this will deprives you access to some things but within a little time, that's your own contribution and sacrifice made towards your success path.

It is clear to me vehemently that the glaring difference between the poor and the rich is "mentality" and it's always good to start crypto  with little and with time it becomes multiplied and investing on Bitcoin which is having edge than other cryptos is another advantage.

I am 2 and 3.

But I didn't start with good capital. People always tend to say that the only people that are capable of investing in bitcoin are those with huge capital.

Well, been hearing that reason for years even bitcoin was below $1k.

Financial freedom will be obtained with bitcoin if you use bitcoin as a mean of payment. I don't think that you will get financial freedom by investing or trading if you don't care about privacy. You may be subject to income tax if the government has regulated bitcoin and you may have to verify your trading account and comply with KYC. The only reason why this financial freedom exists in bitcoin is that users can send and receive bitcoin anytime and anywhere with desired transaction fees without government intervention. Bitcoin is a decentralized asset that is different from other centralized government-owned currencies.

Thats because every great opportunity comes with a great task.

It will be hard only if people who are not financially buoyant don't think outside the box, I could remember when uniswap did their airdrop a lot of people sold their token and I am sure those that choose to stake theirs on Uniswap or hold it are happy now.

By learning new things, offer service, and get pay in BTC etc

Bitcoin is not a way to get rich quickly, but you can gain financial freedom by investing in it.

Invest in Bitcoin and continue to increase capital investment, store it in the wallet for long-term holding, and get more profits as the value rises. However, if affected by market sentiment, continuous blind trading may cause certain economic losses.

There are three common characteristics, of people who invest in bitcoin to get rich:


The first is the average person, who knows it by accident, but isn’t interested in it and forgets about it until the bitcoin fire.


The second category is the faithful who insist that bitcoin is far more than they ever imagined.


The third category is the IT workers who first came into contact with bitcoin and were interested in blockchain technology. They studied the blockchain and mined bitcoins, but did not pay much attention to the value of bitcoin.