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Topic: How to become a bitcoin millionaire - page 3. (Read 4250 times)

newbie
Activity: 49
Merit: 0
May 24, 2014, 08:13:29 PM
#43
The best and honest way is to accept Bitcoin as a form of payment for the goods and/or services that you produce.

Become a millionaire in BTC?
That is very hard and it's not a realistic goal.
Remember that there will only be 21 million BTC total, so theoretically, there can only be 21 maximum millionaires possible....
for the whole world?
Forget it.



newbie
Activity: 31
Merit: 0
May 24, 2014, 06:53:21 PM
#42
Quote
There is no guarentee it will go up. So far its just going down...

Only if you bought in the last 6 months. Even in Bitcoins short history 6 months is a short amount of time.
legendary
Activity: 2114
Merit: 1040
A Great Time to Start Something!
May 24, 2014, 06:51:55 PM
#41
There is no guarentee it will go up. So far its just going down...

What is "just going down"...?
Bitcoin bottomed at ~$340 and yesterday's high was ~$540, so it is already up about 58.8%, and probably heading higher.
legendary
Activity: 1302
Merit: 1008
Core dev leaves me neg feedback #abuse #political
May 24, 2014, 06:16:31 PM
#40
the people who say these kinds of things
may be the same people who are later
saying "shoulda coulda woulda".

no risk, no reward.
full member
Activity: 222
Merit: 100
May 24, 2014, 06:11:47 PM
#39
or just die waiting..  Huh  Undecided Undecided
legendary
Activity: 1092
Merit: 1000
nahtnam.com
May 24, 2014, 05:58:41 PM
#38
There is no guarentee it will go up. So far its just going down...
sr. member
Activity: 518
Merit: 250
May 24, 2014, 05:52:29 PM
#37
Quote
Who the heck would gamble a whole bitcoin on a 2000:1 bet   Huh

Die hard gamblers. I think primedice has a payout limit of a certain number of 10 btc or so
legendary
Activity: 1106
Merit: 1026
May 24, 2014, 04:55:15 PM
#36
Wouldn't you be a fiat millionaire instad of a BTC millionaire in this case? Tongue
sr. member
Activity: 952
Merit: 281
May 24, 2014, 03:18:39 PM
#35
Who the heck would gamble a whole bitcoin on a 2000:1 bet   Huh

Idiots  Wink
legendary
Activity: 1302
Merit: 1008
Core dev leaves me neg feedback #abuse #political
May 24, 2014, 03:06:11 PM
#34
Who the heck would gamble a whole bitcoin on a 2000:1 bet   Huh
legendary
Activity: 2114
Merit: 1040
A Great Time to Start Something!
May 24, 2014, 03:04:03 PM
#33
lol... here are the options.

1. Buy BTC1 from any of the exchanges. Wait until BTC crosses the 1 million mark.
2. Go to primedice.com. Try your luck with the 2000x dice game and input BTC1. If you are lucky, you'll win BTC2,000, which is worth $1 million at today's exchange rates.
3. Invest BTC1 in some of the crypto stocks, and wait until they give you a 2000x return.


bryant, I wasn't aware that the payout on primedice goes that high. Obviously, the odds of winning 2000x would be a little worse than one in 2,000.....hmmm... You can become a millionaire at Primdaice today!  Smiley

Gambling should just be for fun with extra money. The best way to become BTC wealthy is to start a business.
legendary
Activity: 1302
Merit: 1008
Core dev leaves me neg feedback #abuse #political
May 24, 2014, 02:35:34 PM
#32
How to lose $50k:

Step one:  buy 100 coins now.
Step two:  wait for price to go to 10k.

Price actually ends up plummeting.

Absolutely a possibility!

If there were no risk, there would be no reward.
However, the savvy investor takes advantage of
their due diligence and research.

I have researched Bitcoin and see a great
value proposition whereas the general
public is unaware of it, or lacks the
"insider" information or confidence.

I have confidence in bitcoin and willingness
to shoulder the risk. 
legendary
Activity: 812
Merit: 1002
May 24, 2014, 02:25:46 PM
#31
How to lose $50k:

Step one:  buy 100 coins now.
Step two:  wait for price to go to 10k.

Price actually ends up plummeting.
full member
Activity: 182
Merit: 100
HEy Hey HEY??
May 24, 2014, 01:46:08 PM
#30
Well another way of becoming a btc millioinare is buying 1000btc , opening up your own casino and starting your signature campaign here.
legendary
Activity: 1302
Merit: 1008
Core dev leaves me neg feedback #abuse #political
May 24, 2014, 01:38:53 PM
#29
somewhat arbitrary...real performance in last year on average has been higher.
I chose a number that puts BTC at about 10k in 4 years.
full member
Activity: 168
Merit: 100
May 24, 2014, 01:15:32 PM
#28
Where is 7% based on, maybe you should use the last year to make a model on changing percentage of growth.
legendary
Activity: 1302
Merit: 1008
Core dev leaves me neg feedback #abuse #political
May 24, 2014, 01:08:28 PM
#27
Here's an interesting chart I just made.
If you were to invest $1000 every month
for the next 4 years into Bitcoin, and
assuming a 7% growth compounded each month,
here's how you'd come out:



full member
Activity: 168
Merit: 100
May 24, 2014, 01:00:33 PM
#26
There are a lot of ways to earn btc as well. I don't have the wallet to buy a bunch but I have managed to earn some. It is the long road and takes patience but it can be done. 

Ron, you have any suggestions on sites?  I use one faucet site that has been awesome.  But I know there are more.

I started with one of the faucet aggregation sites and sent everything to a dice site address to invest. Once I got enough in there I simply left it alone. The signature campaigns here are an even better option. If you look up dooglus on here you can find a great site to invest. Just make sure to avoid gambling your BTC it always ends badly.

The key for me is not simply to acquire it but also to grow it once I have it. I have gotten to .6 in 60 days of collecting and investing. I will be up around 1.6 by late June.      

Yup, a good and sensible plan. These things all work well while BTC is down because people are willing to give away more BTC then hope that it goes up.
sr. member
Activity: 406
Merit: 250
May 24, 2014, 12:54:47 PM
#25
There are a lot of ways to earn btc as well. I don't have the wallet to buy a bunch but I have managed to earn some. It is the long road and takes patience but it can be done. 

Ron, you have any suggestions on sites?  I use one faucet site that has been awesome.  But I know there are more.

I started with one of the faucet aggregation sites and sent everything to a dice site address to invest. Once I got enough in there I simply left it alone. The signature campaigns here are an even better option. If you look up dooglus on here you can find a great site to invest. Just make sure to avoid gambling your BTC it always ends badly.

The key for me is not simply to acquire it but also to grow it once I have it. I have gotten to .6 in 60 days of collecting and investing. I will be up around 1.6 by late June.      
sr. member
Activity: 300
Merit: 250
May 24, 2014, 12:54:31 PM
#24
kick my link at the signature. and buy hashrate there Smiley
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