I used to have a marijuana and alcohol problem. I remember earning $USD50 worth of bitcoin for a programming job I did. The price was $250. I remember selling my bitcoins right away because I wanted to buy beer and weed. Not only do you actually have to buy bitcoin, but you have to be good with your money; you have to not have any problems spending your money on junk/addictions, including gambling.
There is no such thing as a "get rich quick" scheme. The simplest and most effective way to get rich is to work a Bitcoin job (for your investments) and working at say a temp agency or other low-level job. This way, you have an income of both crypto and fiat currencies and you simply cannot spend any of your money on addictions, such as gambling, cigarettes, alcohol or drugs. drug/gambling addicts never have any money anyway.
Everything in moderation is okay, but addiction will lead you to bankruptcy like it did in my case.
Topic: How to Get Rich Quick - Bitcoin - page 4. (Read 1430 times)
a lot of friends now think that if we jump in BTC, we can quickly get rich. but in my opinion it's all not true. because every person who wants to get wealth certainly needs effort and hard work from us, we also have to have a strong determination to be able to change fate.
I dont know why most people complain about Dave Fishwick statement when he said bitcoin is a way to get rich quick which i believed it a hype statement in other to make boost up investors, we said we need some advertisement which will make people see the bright side of bitcoin and he's doing it for us all.
I respect for the positive things he said about bitcoin and it will be more better if we have more people that can come out like him and say something positive about bitcoin.
I also respect this positive but this positive seems to have spread at a speed too fast, it lacks the surrounding processes and difficulties with making money with bitcoin, that makes many people illusion and the feeling that bitcoin is a way to get rich quick. While reality is what people can see very clearly, the process of getting rich through bitcoin requires accumulation, needing wise investments and rational decisions, it is not as simple as buying and holding, spreading and ignoring too many steps, it will make others think in the wrong direction. I respect for the positive things he said about bitcoin and it will be more better if we have more people that can come out like him and say something positive about bitcoin.
800% within 4 years isn't quick scheme to me. I think its regular scheme. Whoever want to make 800% within day or week they are on quick rich method. But your method is best with low risk. Most likely you bought bitcoin on dip and sold it on bull market. This isn't not bad idea as well. Finding quick rich method on bitcoin will stupid attempt. Bitcoin able to give regular profit if you have enough patience.
Thats right, 4 years for only 800% in bitcoin is long time. We can get more than that in 4 years with daily trading if we have knowledge how to be a smart trader. And sometime when the price pumping we can get 100-200% just in hours no need years to get 800% profit. But also we can lose much money when price down so fast and you are right, patience is key here when bitcoin price dump.
It could be in short term or long term but what's the main thing that will drive the price uptrend or pump going to the moon is the speculation and the hype.
I don't believe on other people saying that we will never see a x10 or x100 increase in the market anymore like in the past, it's because crypto is still young.
I dont know why most people complain about Dave Fishwick statement when he said bitcoin is a way to get rich quick which i believed it a hype statement in other to make boost up investors, we said we need some advertisement which will make people see the bright side of bitcoin and he's doing it for us all.
I respect for the positive things he said about bitcoin and it will be more better if we have more people that can come out like him and say something positive about bitcoin.
I respect for the positive things he said about bitcoin and it will be more better if we have more people that can come out like him and say something positive about bitcoin.
A lot of things has been said about bitcoin like it is future money, it can transfer the money from one place to another within secs, it has low transaction fee etc but the statement that bitcoin is get rich quick scheme is totally wrong. Bitcoin can be used as a payment method but you cannot say that only bitcoin will make your rich quickly.
Yes, if you hold bitcoin for long term, you can gain good money.
Well I was about to lash out regarding the topic how to get rich quick. But the OP actually clarified that.
And again bitcoin has made profits for some individual but at the moment things are not looking too good
And again bitcoin has made profits for some individual but at the moment things are not looking too good
800% within 4 years isn't quick scheme to me. I think its regular scheme. Whoever want to make 800% within day or week they are on quick rich method. But your method is best with low risk. Most likely you bought bitcoin on dip and sold it on bull market. This isn't not bad idea as well. Finding quick rich method on bitcoin will stupid attempt. Bitcoin able to give regular profit if you have enough patience.
Thats right, 4 years for only 800% in bitcoin is long time. We can get more than that in 4 years with daily trading if we have knowledge how to be a smart trader. And sometime when the price pumping we can get 100-200% just in hours no need years to get 800% profit. But also we can lose much money when price down so fast and you are right, patience is key here when bitcoin price dump.
800% within 4 years isn't quick scheme to me. I think its regular scheme. Whoever want to make 800% within day or week they are on quick rich method. But your method is best with low risk. Most likely you bought bitcoin on dip and sold it on bull market. This isn't not bad idea as well. Finding quick rich method on bitcoin will stupid attempt. Bitcoin able to give regular profit if you have enough patience.
I think depending on your point of view, as workers and employees get rich in 4 years, of course including a fast time seeing the small income that I have, but as a boss of course 4 years with 800% profit is a long time, a trader can benefit as big as that in less than a month #imoThe 800% in 4 years was just a personal example of the rewards that can be gained, if people can resist the urge and pressure to sell their coins. We are being bombarded with FUD about Bitcoin failing and also tempted with cheap consumer goods on a daily basis and it takes guts to resist the temptation to use or sell those coins.
Make sure you find a good balance between hoarding and selling coins prematurely, because it might cost you a lot of profit in the future. I spend only 20% of all the coins that I buy on a regular basis.
800% within 4 years isn't quick scheme to me. I think its regular scheme. Whoever want to make 800% within day or week they are on quick rich method. But your method is best with low risk. Most likely you bought bitcoin on dip and sold it on bull market. This isn't not bad idea as well. Finding quick rich method on bitcoin will stupid attempt. Bitcoin able to give regular profit if you have enough patience.
I think depending on your point of view, as workers and employees get rich in 4 years, of course including a fast time seeing the small income that I have, but as a boss of course 4 years with 800% profit is a long time, a trader can benefit as big as that in less than a month #imo
It's more of a luck to get instantly rich. There is no way to really become one except when you have probably won on a lottery or perhaps have found a treasure of gold or whatsoever. Yet having more money do not make you are really rich person, It is hard work and your successful planning that will lead you there. There are no shortcuts and it would be the sweetest if you finally rich the top with all the hard work and preparations.
Bitcoin is not an instant way to get rich. It not a magic that will eventually turns you into a millioner. If you want to get rich through Bitcoin, you need a lots of efforts and exerts hardworks to gain Bitcoins on your own and not to just relay on the Bitcoin itself because we all know that Bitcoin has a very unstable state in the crypto market.
800% within 4 years isn't quick scheme to me. I think its regular scheme. Whoever want to make 800% within day or week they are on quick rich method. But your method is best with low risk. Most likely you bought bitcoin on dip and sold it on bull market. This isn't not bad idea as well. Finding quick rich method on bitcoin will stupid attempt. Bitcoin able to give regular profit if you have enough patience.
the easiest way to get rich by doing nothing 
just buy and HODL and pray it is performing as good as before
the best performing asset by far - gold ,silver and everything else are smoking nervously nearby
just buy and HODL and pray it is performing as good as before
the best performing asset by far - gold ,silver and everything else are smoking nervously nearby
Well, hodling is something you can always do. It's much better if you actually build up a business and hodl Bitcoin at the same time. Even better, build up a Bitcoin related business and contribute to the ecosystem here, which eventually will favor your investment in Bitcoin as well.
On the other hand, it's not that easy to hodl through a 50-100% pump for most people, especially if the price starts to go down and they realize that they were better off cashing out.
There is a way to force yourself to hodl though, which is by utilizing a feature called timelock. It's rather extreme and not without potential side effects, but hey, if you truly believe in Bitcoin but not in yourself, this is definitely an option to consider.
I dont know why most people complain about Dave Fishwick statement when he said bitcoin is a way to get rich quick which i believed it a hype statement in other to make boost up investors, we said we need some advertisement which will make people see the bright side of bitcoin and he's doing it for us all.
I respect for the positive things he said about bitcoin and it will be more better if we have more people that can come out like him and say something positive about bitcoin.
I respect for the positive things he said about bitcoin and it will be more better if we have more people that can come out like him and say something positive about bitcoin.
Ok, it is not what you are thinking. Bitcoin is not a Get rich quick scheme, but the UK series "How To Get Rich Quick - Season 1 episode 3 includes some footage of a rich entrepreneur, Dave Fishwick, creator of Bank of Dave, discussing Crypto currencies as one investment option to become rich.
Luckily for us, the Bitcoin price at the time, generated a small profit when that episode was shot and he even commented that the profit he made then, were the equivalent of 3 years of interest in a local Bank.
I made 800%+ profit on my initial investment over a period of 4 years. (200% per year) - Go watch the series, it is full of good tips for the budding entrepreneur out there. 
Edit - I wonder how many people will only reply to the Thread title and not on the content of the actual topic now.
Luckily for us, the Bitcoin price at the time, generated a small profit when that episode was shot and he even commented that the profit he made then, were the equivalent of 3 years of interest in a local Bank.
I made 800%+ profit on my initial investment over a period of 4 years. (200% per year) - Go watch the series, it is full of good tips for the budding entrepreneur out there.
Edit - I wonder how many people will only reply to the Thread title and not on the content of the actual topic now.
Well I think that this post would have made more sense when the price of BTC was at around $15000 after falling from $19k .
People were dumping shitload of money into bitcoin those days which had lead to a sudden surge in price. People did not understand that it is not a get rich quick scheme and later bitcoin fell down to $15000.
This made people realize their mistake. I guess people should believe in the technology before investing in bitcoin just for the sake of money.
As a matter of fact there is no easy way to get rich instantly but it may happen if you hit the jackpot prize in lottery or in gambling. But, by just using bitcoin you need to work hard and put all your effort on making money with bitcoin. I think if you want to become rich in the future you should invest in bitcoin.
the easiest way to get rich by doing nothing
just buy and HODL and pray it is performing as good as before
the best performing asset by far - gold ,silver and everything else are smoking nervously nearby
just buy and HODL and pray it is performing as good as before
the best performing asset by far - gold ,silver and everything else are smoking nervously nearby
You could say that, in essence, he's right that cryptocurrency is one way to get pretty decent amounts of profit.
The thing is that cryptocurrency trading is way more accessible than trading on the stock market.
I've tried out different stock trading platforms, but when I compare them to cryptocurrency trading platforms, I find that there's way less 'hassle' to just trade with cryptocurrency.
Just think about it, I can always withdraw my profits instantly, just because I'm not dependent on bank to process the transaction.
when you pick and choose the right platform, you can start trading immediately, which is definitely not the case when you're trading on the stock market.
The thing is that cryptocurrency trading is way more accessible than trading on the stock market.
I've tried out different stock trading platforms, but when I compare them to cryptocurrency trading platforms, I find that there's way less 'hassle' to just trade with cryptocurrency.
Just think about it, I can always withdraw my profits instantly, just because I'm not dependent on bank to process the transaction.
when you pick and choose the right platform, you can start trading immediately, which is definitely not the case when you're trading on the stock market.
I think he made the right decision venturing every possible way to gain profit. Investing in crypto is not different in other investment opportunity existing out there because it is associated with risk.
In my case I dont rely with my income here in crypto, its important to have an alternative sources to increase your profit to sustain or even surpass the money you need each month.
Dont just stop there, continue to search for the betterment of how you want to live your life.
In my case I dont rely with my income here in crypto, its important to have an alternative sources to increase your profit to sustain or even surpass the money you need each month.
Dont just stop there, continue to search for the betterment of how you want to live your life.
Ok, it is not what you are thinking. Bitcoin is not a Get rich quick scheme, but the UK series "How To Get Rich Quick - Season 1 episode 3 includes some footage of a rich entrepreneur, Dave Fishwick, creator of Bank of Dave, discussing Crypto currencies as one investment option to become rich.
Luckily for us, the Bitcoin price at the time, generated a small profit when that episode was shot and he even commented that the profit he made then, were the equivalent of 3 years of interest in a local Bank.
I made 800%+ profit on my initial investment over a period of 4 years. (200% per year) - Go watch the series, it is full of good tips for the budding entrepreneur out there.
Edit - I wonder how many people will only reply to the Thread title and not on the content of the actual topic now.
Well it's a great thing to give advice how they become successful because of bitcoin based on their own story. It's a great help to give inspiration to others. But I think it's not easy to become rich. There are factors you have to consider, it includes being a risk taker, and also learning that sometimes there is always a failure. Just like in bitcoin, there's up and down and when you invest there's a possibility of gaining or losing Luckily for us, the Bitcoin price at the time, generated a small profit when that episode was shot and he even commented that the profit he made then, were the equivalent of 3 years of interest in a local Bank.
I made 800%+ profit on my initial investment over a period of 4 years. (200% per year) - Go watch the series, it is full of good tips for the budding entrepreneur out there.
Edit - I wonder how many people will only reply to the Thread title and not on the content of the actual topic now.
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