How rich would I be? | Bitcointalksearch.org

Cryptmuster

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Quote from: Outhue on March 23, 2023, 03:17:59 AM

You shouldn't have any business with when the 21 million supply of bitcoin will be reached, what assurance do you have that you will still be alive by that time? Another factor is Bitcoin halving, slowing down the numbers of Bitcoin that's getting out into the hands of others through mining, Erase this plan or idea off your mind OP and focus more on your dollar cost averaging for 6-10years, this must not stop you from living your life, because we don't know when our time will be up.

As Bitcoin supply gets very close to a 21million, things will get extremely slow, if I have to start DCA into Bitcoin right now I will target 6 - 10 years later, I have to take profit and do some buyback, I don't like holding through a bull market and not taking profits, a bear market will always bring down the value of Bitcoin to a point for future buyers.

Don't worry about it now, just stick to your strategy and work towards your goals. It is possible to take profits in a bull market and buy in a bear market, but I am sure that it will be difficult for you to determine when to sell and when to buy, but the profit may not be great if you determine these levels incorrectly. if you decide that 100K is a new ATH and sell it and the price reaches 300K, it can deprive you of a big profit.

Mauser

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Quote from: Cryptomultiplier on February 23, 2023, 01:13:57 PM

For those of us who have been exposed to cryptocurrency and have had to believe in its continued existence by delving into its use;
How rich could I be if I use DCA strategy to invest in Bitcoin continuously until it reaches its 21million limit? Knowing how much it has gotten to now at 19.15million.

That's a lot of questions and they are quite hard to answer, at least for me. Maybe for someone with a mathematics degree it's trivial. There are a few general issues however, bitcoin hasn't been around for 20 years and it's going to take more than 100 years for all the coins to get mined, so all the people investing now won't be around anymore. It's hard to make long term predictions based on the time line. It depends on if we assume a linear trend to happen from today onwards, or if an exponential trend continues. Let's say bitcoin started at 1 USD, then it made 28,000x return for all the early investors. If the price would rise the same again than, 1 BTC would be worth 784m USD in less than 20 years. This is not really likely, I would rather expect bitcoin to reach 500,000 USD for the next 10-20 years. DCA is the best purchasing method, as long as their is a positive trend in the bitcoin market we are going to make a profit. How high that profit is going to be I can't calculate.

Pejoh Asu

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Quote from: LastKiss on March 12, 2023, 06:18:21 AM

Your kid maybe the one becoming rich when Bitcoin reaches its limit meaning we can't mine Bitcoin anymore, You can compare from Bitcoin at a low price ten years ago and compare to present times and you can imagine how rich you will be if you hold until the Bitcoin reach its limit. But we never know what will happen to Bitcoin in the future so use your money wisely

When we see a big increase, for example the price of bitcoin reaches $ 100k and then drops again to $ 50k and rises again to $ 100k then it is possible that we will sell bitcoin, we have to sell the hope for long-term hold because we are tempted to sell and are afraid if the price drops again.

DainSLane

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Quote from: Cryptomultiplier on February 23, 2023, 01:13:57 PM

For those of us who have been exposed to cryptocurrency and have had to believe in its continued existence by delving into its use;
How rich could I be if I use DCA strategy to invest in Bitcoin continuously until it reaches its 21million limit? Knowing how much it has gotten to now at 19.15million.
How long would be a long time in years for this limit to be reached and what opportunities would be made available to those who invested in owing these coins and still do as at the time?
Will those who earn from campaigns, offer services online or conduct business with cryptocurrency be so rich, seeing that they have been in the game long and have accessed or have access in the form of holdings or savings or have its coins as payment in one form or another?

it's important to note that investing in cryptocurrency carries significant risks, and past performance is not a guarante of future results. The value of Bitcoin and other cryptocurrencies can be highly volatile and subject to sudden price swings, it's important to approach any investment in this space with caution and a long term perspective.
it is worth noting that those who earn income from campaigns, services, or other activities related to cryptocurrency may potentially see significnt gains if the market continues to grow and evolve.

Outhue

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Quote from: Cryptomultiplier on February 23, 2023, 01:13:57 PM

For those of us who have been exposed to cryptocurrency and have had to believe in its continued existence by delving into its use;
How rich could I be if I use DCA strategy to invest in Bitcoin continuously until it reaches its 21million limit? Knowing how much it has gotten to now at 19.15million.
How long would be a long time in years for this limit to be reached and what opportunities would be made available to those who invested in owing these coins and still do as at the time?
Will those who earn from campaigns, offer services online or conduct business with cryptocurrency be so rich, seeing that they have been in the game long and have accessed or have access in the form of holdings or savings or have its coins as payment in one form or another?

You shouldn't have any business with when the 21 million supply of bitcoin will be reached, what assurance do you have that you will still be alive by that time? Another factor is Bitcoin halving, slowing down the numbers of Bitcoin that's getting out into the hands of others through mining, Erase this plan or idea off your mind OP and focus more on your dollar cost averaging for 6-10years, this must not stop you from living your life, because we don't know when our time will be up.

As Bitcoin supply gets very close to a 21million, things will get extremely slow, if I have to start DCA into Bitcoin right now I will target 6 - 10 years later, I have to take profit and do some buyback, I don't like holding through a bull market and not taking profits, a bear market will always bring down the value of Bitcoin to a point for future buyers.

Smack That Ace

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Quote from: Lubang Bawah on March 20, 2023, 06:02:28 AM

Those of us in this forum are of course very happy to get to know cryptocurrencies, in my opinion there are many opportunities that can make us rich from cryptocurrencies, if bitcoin looks very difficult to get rich then I suggest investing in new listed coins, a good strategy is to spread around $2000 to buy 100 new listed coins, if there is a profit of more than 300% then start selling, I have done this technique and have made a profit from $ 200 to $ 600 within 2 months.

It sounds simple but I don't think making money is so easy, if investing in new altcoins brings good and fast returns, there will be no losers, even losing all money when investing in new altcoins.
For me, investing in altcoins is gambling, and that's called gambling, there will be winners and losers. You are gambling with your money not investing, I hope you know what you are doing. Don't let short term profits blind you, if you invest long term in bitcoin that return will be much better than what you are getting.

bestcoins1

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Quote from: Lubang Bawah on March 20, 2023, 06:02:28 AM

Those of us in this forum are of course very happy to get to know cryptocurrencies, in my opinion there are many opportunities that can make us rich from cryptocurrencies, if bitcoin looks very difficult to get rich then I suggest investing in new listed coins, a good strategy is to spread around $2000 to buy 100 new listed coins, if there is a profit of more than 300% then start selling, I have done this technique and have made a profit from $ 200 to $ 600 within 2 months.

And it's not always that such a strategy can work at different times, because for me it would be more fun to put $1000 in Bitcoin, then $500 into Ethereum and another $500 into BNB if I wanted to invest in three different coins at the same time with $2000 capital. Because apart from these three coins being very well known, they are also very suitable for long term investment. Meanwhile, new tokens have absolutely no long-term future, so those that are new are always unsuitable for long-term investment except for short-term trading.

Lubang Bawah

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Those of us in this forum are of course very happy to get to know cryptocurrencies, in my opinion there are many opportunities that can make us rich from cryptocurrencies, if bitcoin looks very difficult to get rich then I suggest investing in new listed coins, a good strategy is to spread around $2000 to buy 100 new listed coins, if there is a profit of more than 300% then start selling, I have done this technique and have made a profit from $ 200 to $ 600 within 2 months.

South Park

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Quote from: Dragonfund on March 12, 2023, 04:48:08 PM

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if the strategy we are currently doing in investing will work according to our wishes then the wealth we will get in the future will certainly meet our needs in old age, all need a process because many of the plans we make today have not gone according to our wishes but there are times when we will feel the glory that suits our needs, Not everyone who has known crypto for a long time and has now tasted success, there are still many who are struggling.

It is possible to make our dream come true with crypto. However, what is require to achieved that dream is not possessed by everyone, because they lack the patience to hold it. There are people in this crypto that has made fortune more than what they expected and how the had it was only possible with patience. If you have patience to hold your coin regardless of any news, any down fall, you will enjoy what people failed to see because only long term people can enjoy what crypto has to offer people, the freedom and the free profit is what come with being a strong holder of any coin.

Patience is a must for anyone that is looking to make money over the long term with bitcoin, but at the same time this is not enough, many newcomers enter this market thinking only about the money they can make, they do not care about bitcoin, its technology, history or the principles behind it, and for someone like that it will be very difficult to hold their coins for long, as the volatility of this market is extreme and it is even worse if those newcomers decide to become traders and use leverage too.

Dragonfund

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Quote from: ?? on ??

if the strategy we are currently doing in investing will work according to our wishes then the wealth we will get in the future will certainly meet our needs in old age, all need a process because many of the plans we make today have not gone according to our wishes but there are times when we will feel the glory that suits our needs, Not everyone who has known crypto for a long time and has now tasted success, there are still many who are struggling.

It is possible to make our dream come true with crypto. However, what is require to achieved that dream is not possessed by everyone, because they lack the patience to hold it. There are people in this crypto that has made fortune more than what they expected and how the had it was only possible with patience. If you have patience to hold your coin regardless of any news, any down fall, you will enjoy what people failed to see because only long term people can enjoy what crypto has to offer people, the freedom and the free profit is what come with being a strong holder of any coin.

serjent05

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Quote from: Cryptomultiplier on February 23, 2023, 01:13:57 PM

How rich could I be if I use DCA strategy to invest in Bitcoin continuously until it reaches its 21million limit? Knowing how much it has gotten to now at 19.15million.

I think no one has an idea how rich you will be if you keep on DCA-ing until the last coin is mine. There are lots of missing variable here like the amount you are investing, the price of Bitcoin while you are DCA-ing and obviously, we don't know when you will stop DCA-ing since no one knows when you will leave this earth. Obviously you cannot outlive the mining reward of Bitcoin until it is exhausted. So yeah, I don't have any idea how rich you will be if you keep on DCA-ing until the last day of your life.

DrBeer

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Quote from: Cryptomultiplier on February 23, 2023, 01:13:57 PM

For those of us who have been exposed to cryptocurrency and have had to believe in its continued existence by delving into its use;
How rich could I be if I use DCA strategy to invest in Bitcoin continuously until it reaches its 21million limit? Knowing how much it has gotten to now at 19.15million.
How long would be a long time in years for this limit to be reached and what opportunities would be made available to those who invested in owing these coins and still do as at the time?
Will those who earn from campaigns, offer services online or conduct business with cryptocurrency be so rich, seeing that they have been in the game long and have accessed or have access in the form of holdings or savings or have its coins as payment in one form or another?

One can guess and fantasize a lot on the topic "how it would be" ... There is only one problem with this idea - it is in a sense a delusion, and is based on an optimistic forecast for the development of bitcoin. Unfortunately, it is not. Perhaps you know the tulip farming boom in the Netherlands? At the beginning of this "hype" many people really got very rich selling tulip bulbs. Many others who did not have time to "jump into the hype" bought tulip bulbs, tried to earn money, but ... lost. Bitcoin, of course, unlike tulips, has more than one wave of hype, and the appearance of a more effective project is created. But we, you, not me, not many others, do not even understand how and how it will all end. Tomorrow they might just ban bitcoin. And that's all - the whole scheme will collapse, and you will have 1 million bitcoins, but no one will need them .... In a word - you need to monitor the development of both technology and legislation, and plan investments very carefully

bosede1

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I have been on this forum going to 5 years now and I can see from the turn bitcoin had taken, that investing and holding it on a long-term basis is a great investment you can ever involve in. Buy and add to your portfolio and relax to see how your money yields.

tjtonmoy

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Money makes money. Depending on how much you are investing, you can calculate that profit. But you have to keep in mind that in investment, there's loss and profit both involved. You can't always make profits, sometime you have to lose too. So if we talk about when and how rich you could get, that totally depends on your personal choice.
The more you offer in investment, depending on your situation and market condition, you can calculate that. And having a target is always good. So I should say, keep moving towards your targeted profits and don't think about the time when and where you will reach that target. Just keep doing it and one day without your thinking you will reach that point.

teosanru

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Quote from: Cryptomultiplier on February 23, 2023, 01:13:57 PM

For those of us who have been exposed to cryptocurrency and have had to believe in its continued existence by delving into its use;
How rich could I be if I use DCA strategy to invest in Bitcoin continuously until it reaches its 21million limit? Knowing how much it has gotten to now at 19.15million.
How long would be a long time in years for this limit to be reached and what opportunities would be made available to those who invested in owing these coins and still do as at the time?
Will those who earn from campaigns, offer services online or conduct business with cryptocurrency be so rich, seeing that they have been in the game long and have accessed or have access in the form of holdings or savings or have its coins as payment in one form or another?

Just to let you know it is going to take 100 years until it reaches the barrier of 21 million. So obviously no one knows fate of bitcoin in next 100 years we surely know quantum computers is one of the threats that we already have in front of us. Secondly we might even have a newer technology incoming in 100 years which might make bitcoin not that lucrative. So obviously no one knows how rich will you become. Talking about opportunities specifically for you. I don't think there is any right now other than this forum. It's all upto you an your contacts and nothing else.

ivankoh

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Quote from: Ultegra134 on February 23, 2023, 04:14:13 PM

It's likely that you and all of us will be dead by then. As time passes, mining difficulty increases; thus, fewer and fewer coins will be put into circulation. It might sound like a petty amount, but approximately 2 million coins will take decades to be mined. I believe that your post is hypothetical, but you should keep accumulating through DCA; anything below $25,000 is basically a bargain. It's unlikely that you or the majority of us will become rich in the upcoming 10 years, but we'll definitely make some decent money by then.

Yes. I just think for sure one thing is that the value of bitcoin will increase linearly with the halving cycle but its difficulty increases, over time bitcoin increases in value but each of us doesn't have time to choose, or we may die/no one knows the future. Also, no one is sure to keep the bitcoin they DCA until the bitcoins are all mined. Maybe they will sell when future bitcoin is 100k or 1 million, DCA existence is a good strategy and they can incorporate it into investment to seek future wealth.

Semar Mesem

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We do a lot of things to get rich, most people are stuck with tiring office work routines but won't make them rich, maybe they can only make ends meet every month, in my office there are many people who are almost 60 years old and will retire soon but the economic conditions are deplorable because they are still renting houses, motorcycle loans and so on, the thing that makes us rich is business or investment.

wajik-tempe

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It's impossible to predict with certainty how much you could potentially earn, in terms of the timeline for reaching the 21 million limit, it's estimated that the last Bitcoin will be mined in the year 2140. However, the rate of Bitcoin production is gradually decreasing over time due to the halving events that occur every four years, which reduce the amount of new Bitcoin created by 50%.
As for opportunities for those who hold Bitcoin, it's important to remember that cryptocurrency is a highly speculative and volatile asset class. While some individuals have made significant profits by investing in Bitcoin and other cryptocurrencies, there is also significant risk involved, and there is no guarantee of returns.

Individuals who earn from campaigns, offer services online, or conduct business with cryptocurrency may potentially see significant gains if the value of Bitcoin and other cryptocurrencies continues to rise.

gaston castano

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depending on how long you invest and are consistent with your investment, don't be tempted when you get a little profit, because investors don't actually buy and sell in a short time, they look more at long-term profits.

ringgo96

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In making investments we hope to get satisfactory results, sometimes the strategies we make are not in accordance with our wishes and always feel at a loss, if the DCA strategy that you have designed now and later can run well then the profits you get can meet the needs in the future, we hope that the achievement of ATH can only happen as soon as possible so that everything we want today can be achieved quickly, And you will be one of the many other billionaires.

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