How to Get Rich with Bitcoin - page 2.

Rengga Jati

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Hire Bitcointalk Camp. Manager @ r7promotions.com

Quote from: BitcoinBarrel on January 07, 2022, 06:45:28 PM

First you Get Rich, then you Buy Bitcoin.

I may guess your words. It is probably about having much money to buy more Bitcoin, buying at that dip, holding, and waiting until the price can rise up significantly. So, you can gain money again based on the profits. Here is a simple way, actually not to be rich, but to increase our rich or wealth Cheesy

But for someone not rich, never imagine being richer with bitcoin in an easy way.
We need more patients, knowledge, and also analysis
Patient if we can buy Bitcoin in $30k and then hold them, sell them at $100k.
Knowledge and analysis, if we are going to trade Bitcoin (in the Spot or even Future) with of course every high risk, then collecting profits steps by steps to get richer.
But this is exactly very difficult to do, but it is possible

ReiMomo

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If not able to invest huge and buy more bitcoin to become rich in future, just invest a little every month or when ever you can so that it piles up one day and it grows double with huge profit. Never borrow and invest. Just invest what ever you can from your monthly income. Buy few more best altcoins with cheap rates with high trading volume. One or the other coins will certainly make you richer when you go for a long term trade.

Mpamaegbu

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Once a man, twice a child!

Quote from: Magicalking on January 07, 2022, 07:26:07 PM

I thought this was written by a newbie but checked again to find a Legendary member doing this. A higher rank is supposed to set an example for the lower ranks to follow.

I was shocked too but then I had another thought that OP was merely trying to catch cruise. Again, it's misleading for anyone to even think that Bitcoin is a shortcut to riches. If it happens, it happens. But it shouldn't be the sole aim of anyone buying it. Wealth takes time to nourish and grow.

Quote from: BitcoinBarrel on January 07, 2022, 07:30:47 PM

There are some good faucets and I have made decent money using the trusted ones. Completing offers, clicking ads, etc. It is small earning at first, but can grow over time.

Free crypto is still free crypto! First Bitcoin Faucets gave out whole Bitcoins and it wasn't worth much then.

I will like for you to put out the link to this supposedly good faucets here. I'm one of those who believe that faucets are a complete waste of time and data.

IWANNAKNOWBIT

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syedakhlaque

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Every work in life demand concentration, hard work, and study. Same the condition is there in bitcoin. You will have to follow the basic rules of business and market. You will not be a millionaire immediately after joining this business. But there is a continuous struggle to gain experience & success.
Bitcoin business will give you financial and social security & stability. It will solve your financial problems and give you a respectful earning. It will also fulfill your dream of becoming rich.

touseefahmad1999

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Allah is the Greatest

I think we should definitely buy some btc for long term not a short term prospects. Because first thing 1 Bitcoin is not possible to buy everyone. But they can buy in some fraction in parts and again some investment on next month. That is possible for everyone to get a rich. Rich is not mandatory to buy Bitcoin but you can some investment as you can on some parts for long term for a rich 😉

Gasty4

member

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Quote from: BitcoinBarrel on January 07, 2022, 06:45:28 PM

First you Get Rich, then you Buy Bitcoin.

Millionaires speaks!!!!
This is valid and accurate for me to agree....the rich are getting richer then the poor that thinks he/her is rich.
The rich are busy killing the game with Bitcoin and in Bitcoin.

Hypnosis00

sr. member

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Quote from: BitcoinBarrel on January 07, 2022, 06:45:28 PM

First you Get Rich, then you Buy Bitcoin.

That only becomes possible when we invest 1 full BTC. But unfortunately, poor people can't really make it and so they are still poor? They can still be rich in some other way. Buying small chunks of Bitcoin could even make us rich somehow in the future, not instantly. As you keep investing in Bitcoin as your main goal to have 1 full BTC someday, it finds no reason that we couldn't be becoming rich. Yes, of course, to rely upon only Bitcoin is not a good idea but to have multiple sources of income aside from having crypto could somewhat help a lot to fasten the development and make the reach of your goal in a shorter time.

hatshepsut93

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Quote from: BitcoinBarrel on January 07, 2022, 07:29:05 PM

It is better work on skills that offer real value and invest in income sources than to rely solely on HODLing crypto.

And Bitcoin investment isn't an income source? Also, not everyone is young and unemployed, I'm pretty sure a lot of beginners on this forum actually have some sort of career and are looking at Bitcoin to increase their wealth.

And I wouldn't say that it's impossible to get rich with Bitcoin. It is not 100% guaranteed and it is even risky, but it can happen. If this wasn't the case, no one would HODL it. I agree that you shouldn't plan your life on the idea that Bitcoin will go to the moon while you sit back and relax.

Darker45

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Quote from: passwordnow on January 08, 2022, 03:25:57 AM

I'm not rich but bitcoin helped me to have a stable status.

Quote from: Darker45 on January 07, 2022, 11:21:43 PM

It's not a matter of whether or not we can buy Bitcoin in small amounts. We can. But will it make us rich? No.

It can. We saw and read those stories of early investors and adopters that have held bitcoin. They've become rich just like this kid: This 20-year-old high school dropout bought $1,000 worth of bitcoin at the age of 12 — now he's worth $4.5 million.

As I have said, things are different today. Bitcoin could make us rich even with just a thousand USD, but that's applicable only in the past. It can't be applied now. How much Bitcoin could you buy with your $1,000 today?

Indeed, people don't have to buy one full Bitcoin. They don't have to buy 0.5BTC or 0.3BTC or even 0.1BTC. But given that they could only afford to buy small fractions of a Bitcoin, would that be enough to make one rich? No.

So, if one's impression is that Bitcoin is a get-rich-quick investment, one is definitely wrong.

IadixDev

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They're tactical

Quote from: Cookdata on January 08, 2022, 07:56:56 AM

Quote from: IadixDev on January 08, 2022, 07:48:20 AM

Come i'm poor how long before i become a millonere with my 12.50$ Sad

i've hodling for the whole week and i'm still poor Sad

bitcoin doesnt work Huh

Do you intend to turn water into wine? Then try shitcoins with your holdings Undecided

I hope you don't come back one day and be like Buybitcoins.com that once sold bitcoin for 15 bitcoins at a dollar.

Quote

BuyBitcoins.com is back online. Right now you can buy bitcoins with a credit card, or through paypal. Currently 50,000 bitcoins are for sale at a rate of 15 bitcoins per dollar (0.077 dollars per bitcoin). Payments must be between $4 and $1000 dollars.

-Joey Rich
https://www.buybitcoins.com

Copied from HERE

When moon

https://youtu.be/7wBg1lBKtyg

Cookdata

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Not Your Keys, Not Your Bitcoin

Quote from: IadixDev on January 08, 2022, 07:48:20 AM

Come i'm poor how long before i become a millonere with my 12.50$ Sad

i've hodling for the whole week and i'm still poor Sad

bitcoin doesnt work Huh

Do you intend to turn water into wine? Then try shitcoins with your holdings Undecided

I hope you don't come back one day and be like Buybitcoins.com that once sold bitcoin for 15 bitcoins at a dollar.

Quote

BuyBitcoins.com is back online. Right now you can buy bitcoins with a credit card, or through paypal. Currently 50,000 bitcoins are for sale at a rate of 15 bitcoins per dollar (0.077 dollars per bitcoin). Payments must be between $4 and $1000 dollars.

-Joey Rich
https://www.buybitcoins.com

Copied from HERE

Daniel91

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Merit: 1824

Quote from: BitcoinBarrel on January 07, 2022, 06:45:28 PM

First you Get Rich, then you Buy Bitcoin.

Sorry, but this sentence is not very logical.
Anyone today can buy bitcoin, and this action doesn't require any wealth or even some great knowledge Grin

Bitcoin can even be earned through various paid projects.
If you mean the amount of 1 btc, it is true that today it has become too much for ordinary users, but it is no problem to buy a smaller amount and earn from the increase in the price of bitcoin.
I agree that it is important to invest your time in learning new skills and gaining new knowledge but most people will make money from bitcoin and without special skills, just hodling btc in their wallet Cheesy

IadixDev

full member

Activity: 322

Merit: 151

They're tactical

Come i'm poor how long before i become a millonere with my 12.50$ Sad

i've hodling for the whole week and i'm still poor Sad

bitcoin doesnt work Huh

Cookdata

hero member

Activity: 1106

Merit: 912

Not Your Keys, Not Your Bitcoin

Quote from: cryptoaddictchie on January 08, 2022, 12:34:56 AM

Quote from: BitcoinBarrel on January 07, 2022, 06:45:28 PM

First you Get Rich, then you Buy Bitcoin.

I really thought there is a content inside upon opening the title. Somehow I feel it is clickbait. I don't think to become rich is so easy then buy bitcoin. The better way is buy crypto ( not bitcoin * bet on altcoin) and literally wait for it to go to 100x to 500x and you'll somehow attain becoming rich. That's more better I think.

I assume he was attempting to attract attention with the title.
If the Op post was made in 2018, when Bitcoin initially reached its all-time high, we would still be having the same conversation. Does it really matter on the price we pay to get bitcoin? I've noticed recent threads where people make references to similar statements like:
I am I late, I was able to accumulate 10 btc. I wish I have bought btc in $10,the current price is $250. All these aren't necessary. Do you ever expect Bitcoin to tick 60k? that's the same way it will become so high that it will become difficult for an average person to get hold of 1BTC. Buy or cost average at any opportunity you have and hold for long term because it goings to be something of regret seeing BTC around $1m when the world finally settle down for bitcoin. I know your mind will say that It will be impossible? Slavery was abolished afterwards, and all humans accepted to freedom without hesitation, this will likely to happen to BTC in the future.

Bitcoin isn't a meal ticket or short term investment, the time, tolerance and money is needed.

passwordnow

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I'm not rich but bitcoin helped me to have a stable status.

Quote from: Darker45 on January 07, 2022, 11:21:43 PM

It's not a matter of whether or not we can buy Bitcoin in small amounts. We can. But will it make us rich? No.

It can. We saw and read those stories of early investors and adopters that have held bitcoin. They've become rich just like this kid: This 20-year-old high school dropout bought $1,000 worth of bitcoin at the age of 12 — now he's worth $4.5 million.

Quote from: BitcoinBarrel on January 07, 2022, 07:29:05 PM

The point I am making is that trying to get Rich FROM Bitcoin is a pipe dream. It is better work on skills that offer real value and invest in income sources than to rely solely on HODLing crypto.

Bitcoin is a great utility to take control of your finances, but I would suggest any newbie focus on how to use Bitcoin in your business and not making Bitcoin your business.

This is actually a good point that you've brought. Newbies these days when they hear someone who owns bitcoin, they'll think of it as quickly as they can that the person is rich. I agree with your suggestion and that's really the process that everyone should conduct. Until you can make yourself financially free and you can live with the amount of bitcoin you have even without working, I guess that you have to keep on working smartly.

GeorgeJohn

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Enjoy 500% bonus + 70 FS

Quote from: BitcoinBarrel on January 07, 2022, 06:45:28 PM

First you Get Rich, then you Buy Bitcoin.

This thread is amazing..if i should respond to this thread is via the table of content. The body of the text is absolutely contradictory, so "How to get rich with bitcoin" so getting rich from Bitcoin come from two units, the first is long term investment in cryptocurrency, secondly trading of bitcoin and buying and selling of bitcoin, these two points is the major objectives of existing for earning profit in bitcoin...but i don't know if these, is what you have in mind to portray or create this thread.

worle1bm

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Quote from: BitcoinBarrel on January 07, 2022, 06:45:28 PM

First you Get Rich, then you Buy Bitcoin.

We can even stack smallest unit of btc which is satoshi and 1 btc is equal to 1 million sats so we can easily get whatever we desire to and hold it for long period and then you can get returns over it which will be sufficient enough for you.You need to be rich if you want to be btc Whale as accumulating more and more will cost you more but why go that way if you can't? So it's better to invest what you can and enjoy in later years with profits you can get through them.

cryptoaddictchie

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Fully Regulated Crypto Casino

Quote from: BitcoinBarrel on January 07, 2022, 06:45:28 PM

First you Get Rich, then you Buy Bitcoin.

I really thought there is a content inside upon opening the title. Somehow I feel it is clickbait. I don't think to become rich is so easy then buy bitcoin. The better way is buy crypto ( not bitcoin * bet on altcoin) and literally wait for it to go to 100x to 500x and you'll somehow attain becoming rich. That's more better I think.

Darker45

legendary

Activity: 2576

Merit: 1860

Quote from: tranthidung on January 07, 2022, 08:52:37 PM

I disagree

You don't need to be rich to buy Bitcoin. Because you can buy satoshis, not mandatory to buy a whole 1 Bitcoin. It means people are free to buy 1 BTC, 0.1 BTC to 0.01 BTC or smaller amount.

There is a Dollar Cost Averaging strategy to accumulate Bitcoin over time. The given link is an example for $30 weekly DCA in 3 years. Results will be as follows:
Total Invested: $4,710
Total Value: $25,628 for 43,569,000.00 Satoshis
Percent Change: 444.14%

https://dcabtc.com?sd=2019-01-08&sda=3_years&f=weekly&d=3_years&ac=3000&c=false

I understand the post is to debunk the misconception that Bitcoin is a get-rich-quick scheme. It isn't, especially nowadays.

It's not a matter of whether or not we can buy Bitcoin in small amounts. We can. But will it make us rich? No. You can only buy what you can afford. If you aren't rich, you cannot get rich with Bitcoin because, in the first place, you can only buy a small fraction of a Bitcoin. If you want to get rich with Bitcoin, buy a lot of them, but it takes a lot of money to be able to do that. So get rich first before buying a lot and be rich from it, or more precisely, richer.

I guess this is the logic OP wants to convey.

Topic: How to Get Rich with Bitcoin - page 2. (Read 458 times)