Can lean investor become rich in Bitcoin - page 2.

CryptopreneurBrainboss

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Quote from: Rockstarguy on August 19, 2021, 08:21:16 AM

How possible can a broke investor with no good capital become rich in Bitcoin. Is as if Bitcoin is only for the middle and rich class to invest.☹️

The answer is simple, you can gain financial freedom by investing your spare funds. Bitcoin isn't all about been rich but financially free. No matter how little you're earning, you can keep aside some few dollars and what better vehicle is there to put those savings into then Bitcoin? Consider Bitcoin as your sayings account where you store/save your money.

Do this constantly and consecutively and in due time you'll have save/invested a decent amount that would have given you a better return then what all banks out there would have given you. You don't have to get into Bitcoin by buying one whole Bitcoin, that's a mistake many noobs make which pushes them to buying worthless altcoins because of the ideology they can buy many and not in fractions.

What they don't understand or fail to realized is that, the fractions of Bitcoin you're buying now are special as they most likely will appreciate in value while that of the altcoins aren't certain. Majority will just die out of the market. Don't get fooled, get your hands on as many satoshi as you can and just hold.

pakhitheboss

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This is not a get rich quick scheme, It is an innovation that will eventually revolutionize your way of living. No one is asking you to buy 1BTC, what you can do is invest a little every month and when you think is the right time exit out and boost your earnings. You need to work smart and not work hard here. Remember you need a lot of patience and the will to hold onto your Bitcoin, no matter how many times the price dip happens.

TheNineClub

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This depends on the definition of rich. It depends on a person's mindset and the region they live in. For someone coming from a low-income surrounding, just earning money on the forum and then waiting for it to go up could make them rich in their own right. So the answer is yes, anyone can get rich, just depends on their goals.

cabron

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Investing in Bitcoin works for the person who knows their place. If you are not a trader don't try trading but just buy and hold and then continue what you are doing before finding out BTC. If you have a job, the better. You will see it's going to be working for you after years so take it like you have set aside your money in a bank that grows in the long term.

Darker45

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Investing in Bitcoin is both easy and hard. Easy because you will just keep it, even forget about it for some years, and it just grows. Hard because the way going there is no smooth ride. If you are an investor who gets emotional to extreme price fluctuations and are setting a strict investment term or duration, it could end up not so well.

Anyway, a good capital is not required. Unlike investment in the traditional market, Bitcoin investment doesn't require a minimum. You can even invest a dollar in it. Of course it would be better if you have a good capital. Just make sure that you don't need the money for the next few years.

But the most important thing is that you personally believe and are convinced by the technology. If you are just driven by Bitcoin's potential to make you rich, you might end up swayed by terrible crypto winters where FUD rules and Bitcoin is already declared dead. I think it's best to know Bitcoin first.

Lily Garver

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Bitcoin is not the only tool for getting rich. The only tool for getting rich is either your wisdom or your luck. Through Bitcoin, you will link to many resources and have many opportunities. For example, if you don’t understand Btc, you won’t stay here. Forum，come here now, everything here can be your resource. Cheesy

Pokapoka124

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Quote from: Rockstarguy on August 19, 2021, 08:21:16 AM

The journey to become rich through Bitcoin is not an easy task at all. There are different challenges one will come across along the way. It so hard for the category of persons who are not financially buryant , especially when volatility takes place in the market, it's as if all hope is gone, you don't even know where to start from.
I come to think if investing in Bitcoin is only for people who are financially stable, because this set of persons can meet up with the standards to invest Bitcoin which are.
1. Good capital to start with
2. Discipline factor : can invest for a long-term
3. No much panic: when there is volatility

How possible can a broke a broke investor with no good capital become rich in Bitcoin. Is as if Bitcoin is only for the middle and rich class to invest.☹️

There are no ways to get free bitcoin not anymore. There it is. How to become rich in bitcoin...Buy when the price is low Op would you have bought Bitcoin when the price was $500. Its easy to complain and not start. You didn't consider knowledge as a factor on your list. Without knowledge you will only invest blindly and panic when there is a correction in the market.

bitmover

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Quote from: mk4 on August 19, 2021, 11:16:54 AM

Quote from: Welsh on August 19, 2021, 09:57:02 AM

Technically, it could happen, I mean there's plenty of examples out there of this already happening, but I think the key thing to keep in mind here, is that it's probably unlikely unless you already have a rather large amount to invest with in the first place, and a whole lot of patience. However, I think its definitely possible.

I mean, sure. If you have a sizeable amount of money to invest in the first place like you said, and/or if you were totally early to bitcoin(early as in putting $100 when bitcoin was priced at under a dollar). But then again that's only for like <1% of people lol.

Although there are still some opportunities like that in altcoins, such as Doge/Defi crazy recently, when people made a lot of money, that is far from common.

The majority of people will likely just get boosted while trying to buy bitcoin/altcoins to become rich. I think investing in cryptocurrency is important to get a boost in your earnings, just mk4 said. It may solve your financial life, but that should never be the final goal of your strategy. If it happens, it should be a surprise (imo)

Additionally, lots of people are also putting their life savings in bitcoin trying to get rich, just to sell off in the first dip because they are overinvested. This happened in the past and will happen again.

The best strategy is to never get overinvested, i.e, buying more than you can afford to lose due to high volatility, to make your decisions with your mind calm and not under stress.

elliottflz65

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The only option you have if you do not have any starting capital but you want to invest in Bitcoin is offering your services and skills for Bitcoin. Work for Bitcoin instead of investing with money. Any skills that you can offer you can post about them in the services board. Remember to read the stickies and always use a escrow. Bitcoin is not a get rich scheme and there is no easy way to accumulate Bitcoin. Treat it as if it was fiat but remember because of how volatile it is you can maybe earn a lot of money if it goes up but the same thing can happen but down and you lose a lot of money.

mk4

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Quote from: Welsh on August 19, 2021, 09:57:02 AM

Technically, it could happen, I mean there's plenty of examples out there of this already happening, but I think the key thing to keep in mind here, is that it's probably unlikely unless you already have a rather large amount to invest with in the first place, and a whole lot of patience. However, I think its definitely possible.

I mean, sure. If you have a sizeable amount of money to invest in the first place like you said, and/or if you were totally early to bitcoin(early as in putting $100 when bitcoin was priced at under a dollar). But then again that's only for like <1% of people lol.

Lucius

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Quote from: Rockstarguy on August 19, 2021, 08:21:16 AM

How possible can a broke a broke investor with no good capital become rich in Bitcoin. Is as if Bitcoin is only for the middle and rich class to invest.☹️

It's not all about the money, sometimes you just need to be in the right place at the right time and with a little money in your wallet, you can do something big. This was the case with early BTC investors, many of whom actually mined or bought large quantities of BTC for relatively little money.

Of course, such opportunities no longer exist - because if that were the case, you wouldn't even have written this post and wondered how come you can't buy 0.5 BTC or maybe 1 BTC today. But I believe that with a good strategy you can set some achievable goals, and that would be 0.01 BTC for a start, and maybe 0.05 BTC later. If you believe that BTC has a future and that the price will go up, then even relatively small amounts can make you rich one day Wink

Welsh

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No panic when the going gets tough is a lot easier said than done, even the most seasoned users here still get a little bit stressed when Bitcoin runs into a little resistance. I think that is natural, and unfortunately I don't think its entirely possible to remove emotion from any investment you make in life.

Quote from: mk4 on August 19, 2021, 09:00:37 AM

If you think that getting to the top is as easy as literally just buying bitcoin and do nothing with your life, then you're heavily mistaken.

Technically, it could happen, I mean there's plenty of examples out there of this already happening, but I think the key thing to keep in mind here, is that it's probably unlikely unless you already have a rather large amount to invest with in the first place, and a whole lot of patience. However, I think its definitely possible.

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Quote from: Rockstarguy on August 19, 2021, 08:21:16 AM

I come to think if investing in Bitcoin is only for people who are financially stable, because this set of persons can meet up with the standards to invest Bitcoin which are.

Bitcoin is for people who value financial freedom and wish to be in full control of their assets, regardless how little that is. You will commonly see people say Bitcoin is not a get rich quick scheme, in reality it is not a get rich scheme at all; It's a decentralized peer to peer network which eliminates the need for a third party.

Quote from: Rockstarguy on August 19, 2021, 08:21:16 AM

How possible can a broke a broke investor with no good capital become rich in Bitcoin.

Such an investor could grow a skill and market that using Bitcoin as a payment method.

mk4

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Because the trick is not to solely get rich off bitcoin per se; but to use bitcoin to boost your earnings. And you're going to achieve it through getting a job or starting a business, and continually dollar-cost averaging weekly/monthly into bitcoin so your wealth doesn't de-value but instead increase in the long-term.

If you think that getting to the top is as easy as literally just buying bitcoin and do nothing with your life, then you're heavily mistaken.

Rockstarguy

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The journey to become rich through Bitcoin is not an easy task at all. There are different challenges one will come across along the way. It so hard for the category of persons who are not financially buryant , especially when volatility takes place in the market, it's as if all hope is gone, you don't even know where to start from.
I come to think if investing in Bitcoin is only for people who are financially stable, because this set of persons can meet up with the standards to invest Bitcoin which are.
1. Good capital to start with
2. Discipline factor : can invest for a long-term
3. No much panic: when there is volatility

How possible can a broke a broke investor with no good capital become rich in Bitcoin. Is as if Bitcoin is only for the middle and rich class to invest.☹️

Topic: Can lean investor become rich in Bitcoin - page 2. (Read 342 times)