I think it is possible for those who invest 100 grand now. Buy enough bitcoin to manipulate markets and pump&dumps.
The small fish will have to scratch up whatever they can. Make a few bucks here and there. Might take a couple years to amass any kind of money safely.
Topic: Is cryptocurrency millionaire dream a thing of the past? - page 2. (Read 5933 times)
in inspiration of this topic
i helped 10 people become cryptocurrency millionaires in just 1 day,
it only cost me 1 bitcoin.
remember guys. bitcoin is not an american product. so when the words "bitcoin millionaire" and "cryptocurrency millionaire" terms are thrown around STOP automatically thinking of dollars.
as that is a limiting and naive thought. bitcoin is better then the dollar so stop thinking of it in terms of dollars. and if all you care about is getting enough bitcoin to sell to get back into dollars and spend those dollars, or simply bank those dollars. then maybe you truly have not embraced bitcoin, or understood the point and concept of bitcoin.
to be honest i wish the near future would bring a 'living cost" value to bitcoin.
EG
1bitcoin=1months rent for a 1bed apartment
1bitcoin=500 loaves of bread
1bitcoin=10 weeks of average car fuel spend.
where the entire world uses this calculation instead of comparing it to FIAT
i helped 10 people become cryptocurrency millionaires in just 1 day,
it only cost me 1 bitcoin.
remember guys. bitcoin is not an american product. so when the words "bitcoin millionaire" and "cryptocurrency millionaire" terms are thrown around STOP automatically thinking of dollars.
as that is a limiting and naive thought. bitcoin is better then the dollar so stop thinking of it in terms of dollars. and if all you care about is getting enough bitcoin to sell to get back into dollars and spend those dollars, or simply bank those dollars. then maybe you truly have not embraced bitcoin, or understood the point and concept of bitcoin.
to be honest i wish the near future would bring a 'living cost" value to bitcoin.
EG
1bitcoin=1months rent for a 1bed apartment
1bitcoin=500 loaves of bread
1bitcoin=10 weeks of average car fuel spend.
where the entire world uses this calculation instead of comparing it to FIAT
I have no idea what you are talking about but it doesn't relate to the topic of this thread at all.
-B-
as that is a limiting and naive thought. bitcoin is better then the dollar so stop thinking of it in terms of dollars.
I agree, however, saying "Bitcoin is better than the dollar" is roughly tantamount to saying "24 karat gold is better than monopoly money".There is absolutely no comparison. The dollar is temporary local empire money; a passing fad; a bad joke where the punchline is needless murder and suffering.
in inspiration of this topic
i helped 10 people become cryptocurrency millionaires in just 1 day,
it only cost me 1 bitcoin.
remember guys. bitcoin is not an american product. so when the words "bitcoin millionaire" and "cryptocurrency millionaire" terms are thrown around STOP automatically thinking of dollars.
as that is a limiting and naive thought. bitcoin is better then the dollar so stop thinking of it in terms of dollars. and if all you care about is getting enough bitcoin to sell to get back into dollars and spend those dollars, or simply bank those dollars. then maybe you truly have not embraced bitcoin, or understood the point and concept of bitcoin.
to be honest i wish the near future would bring a 'living cost" value to bitcoin.
EG
1bitcoin=1months rent for a 1bed apartment
1bitcoin=500 loaves of bread
1bitcoin=10 weeks of average car fuel spend.
where the entire world uses this calculation instead of comparing it to FIAT
i helped 10 people become cryptocurrency millionaires in just 1 day,
it only cost me 1 bitcoin.
remember guys. bitcoin is not an american product. so when the words "bitcoin millionaire" and "cryptocurrency millionaire" terms are thrown around STOP automatically thinking of dollars.
as that is a limiting and naive thought. bitcoin is better then the dollar so stop thinking of it in terms of dollars. and if all you care about is getting enough bitcoin to sell to get back into dollars and spend those dollars, or simply bank those dollars. then maybe you truly have not embraced bitcoin, or understood the point and concept of bitcoin.
to be honest i wish the near future would bring a 'living cost" value to bitcoin.
EG
1bitcoin=1months rent for a 1bed apartment
1bitcoin=500 loaves of bread
1bitcoin=10 weeks of average car fuel spend.
where the entire world uses this calculation instead of comparing it to FIAT
No.
there will certainly be alts that outperform BTC in the future (if only during BTC's bubbles), and there is a lot of money to be made there. question is, out of the billion of alts out there, which ones will they be? 
being a cryptocurrency million is mis-interpretted
to be a "BITCOIN MILLIONAIRE" logically you need atlast 1 million bitcoins.... yes i said logically and ill explain why later
but you can easily and cheaply own millions of altcoins.
find any altcoin selling for less then 10satoshis and you can be a cryptocurrency millionaire because you hold more than 1 million altcoins.
now then, back to logic.
being a cryptocurrency millionaire does not mean that you are a FIAT millionaire.
being a FIAT millionaire does not mean that you are a BITCOIN millionaire.
the chances of you holding 1million bitcoins and being a bitcoin millionaire. are so small you should not even bother hoping to hold 1 million bitcoins.
as for being a USD FIAT millionaire due to the actions of bitcoin.. well 2222 bitcoins last month ($450) would make you a USD FIAT millionaire last month. holding 1724 bitcoins today will make you a USD FIAT millionaire today.
if the bitcoin price rises to $5k then you only need to be holding 200 bitcoins to be a USD FIAT millionaire
now then.. thats USD.. lets think about other countries..
to be a chinese Yuan millionaire today, yes today. you only need to own 275 bitcoins
to be a "BITCOIN MILLIONAIRE" logically you need atlast 1 million bitcoins.... yes i said logically and ill explain why later
but you can easily and cheaply own millions of altcoins.
find any altcoin selling for less then 10satoshis and you can be a cryptocurrency millionaire because you hold more than 1 million altcoins.
now then, back to logic.
being a cryptocurrency millionaire does not mean that you are a FIAT millionaire.
being a FIAT millionaire does not mean that you are a BITCOIN millionaire.
the chances of you holding 1million bitcoins and being a bitcoin millionaire. are so small you should not even bother hoping to hold 1 million bitcoins.
as for being a USD FIAT millionaire due to the actions of bitcoin.. well 2222 bitcoins last month ($450) would make you a USD FIAT millionaire last month. holding 1724 bitcoins today will make you a USD FIAT millionaire today.
if the bitcoin price rises to $5k then you only need to be holding 200 bitcoins to be a USD FIAT millionaire
now then.. thats USD.. lets think about other countries..
to be a chinese Yuan millionaire today, yes today. you only need to own 275 bitcoins
such a logic reply
being a cryptocurrency million is mis-interpretted
to be a "BITCOIN MILLIONAIRE" logically you need atlast 1 million bitcoins.... yes i said logically and ill explain why later
but you can easily and cheaply own millions of altcoins.
find any altcoin selling for less then 10satoshis and you can be a cryptocurrency millionaire because you hold more than 1 million altcoins.
now then, back to logic.
being a cryptocurrency millionaire does not mean that you are a FIAT millionaire.
being a FIAT millionaire does not mean that you are a BITCOIN millionaire.
the chances of you holding 1million bitcoins and being a bitcoin millionaire. are so small you should not even bother hoping to hold 1 million bitcoins.
as for being a USD FIAT millionaire due to the actions of bitcoin.. well 2222 bitcoins last month ($450) would make you a USD FIAT millionaire last month. holding 1724 bitcoins today will make you a USD FIAT millionaire today.
if the bitcoin price rises to $5k then you only need to be holding 200 bitcoins to be a USD FIAT millionaire
now then.. thats USD.. lets think about other countries..
to be a chinese Yuan millionaire today, yes today. you only need to own 275 bitcoins
to be a "BITCOIN MILLIONAIRE" logically you need atlast 1 million bitcoins.... yes i said logically and ill explain why later
but you can easily and cheaply own millions of altcoins.
find any altcoin selling for less then 10satoshis and you can be a cryptocurrency millionaire because you hold more than 1 million altcoins.
now then, back to logic.
being a cryptocurrency millionaire does not mean that you are a FIAT millionaire.
being a FIAT millionaire does not mean that you are a BITCOIN millionaire.
the chances of you holding 1million bitcoins and being a bitcoin millionaire. are so small you should not even bother hoping to hold 1 million bitcoins.
as for being a USD FIAT millionaire due to the actions of bitcoin.. well 2222 bitcoins last month ($450) would make you a USD FIAT millionaire last month. holding 1724 bitcoins today will make you a USD FIAT millionaire today.
if the bitcoin price rises to $5k then you only need to be holding 200 bitcoins to be a USD FIAT millionaire
now then.. thats USD.. lets think about other countries..
to be a chinese Yuan millionaire today, yes today. you only need to own 275 bitcoins
You're taking things a bit too literal though. When people ask about being a Bitcoin millionaire, what they mean is that their value of coins is worth $1m USD at the current rates. More or less what they are trying to say is that the net worth of their holdings is 1mm+. Literal translations differ, of course, but this is the definition we use.
being a cryptocurrency million is mis-interpretted
to be a "BITCOIN MILLIONAIRE" logically you need atlast 1 million bitcoins.... yes i said logically and ill explain why later
but you can easily and cheaply own millions of altcoins.
find any altcoin selling for less then 10satoshis and you can be a cryptocurrency millionaire because you hold more than 1 million altcoins.
now then, back to logic.
being a cryptocurrency millionaire does not mean that you are a FIAT millionaire.
being a FIAT millionaire does not mean that you are a BITCOIN millionaire.
the chances of you holding 1million bitcoins and being a bitcoin millionaire. are so small you should not even bother hoping to hold 1 million bitcoins.
as for being a USD FIAT millionaire due to the actions of bitcoin.. well 2222 bitcoins last month ($450) would make you a USD FIAT millionaire last month. holding 1724 bitcoins today will make you a USD FIAT millionaire today.
if the bitcoin price rises to $5k then you only need to be holding 200 bitcoins to be a USD FIAT millionaire
now then.. thats USD.. lets think about other countries..
to be a chinese Yuan millionaire today, yes today. you only need to own 275 bitcoins
to be a "BITCOIN MILLIONAIRE" logically you need atlast 1 million bitcoins.... yes i said logically and ill explain why later
but you can easily and cheaply own millions of altcoins.
find any altcoin selling for less then 10satoshis and you can be a cryptocurrency millionaire because you hold more than 1 million altcoins.
now then, back to logic.
being a cryptocurrency millionaire does not mean that you are a FIAT millionaire.
being a FIAT millionaire does not mean that you are a BITCOIN millionaire.
the chances of you holding 1million bitcoins and being a bitcoin millionaire. are so small you should not even bother hoping to hold 1 million bitcoins.
as for being a USD FIAT millionaire due to the actions of bitcoin.. well 2222 bitcoins last month ($450) would make you a USD FIAT millionaire last month. holding 1724 bitcoins today will make you a USD FIAT millionaire today.
if the bitcoin price rises to $5k then you only need to be holding 200 bitcoins to be a USD FIAT millionaire
now then.. thats USD.. lets think about other countries..
to be a chinese Yuan millionaire today, yes today. you only need to own 275 bitcoins
I think to sum it up, the dream of becoming a millionaire from BTC is still possible, it just requires a significantly larger investment than it did a few years ago.
Actually it just requires time, patience and luck. Oh and balls of steel to make act upon decisions. You can always make a sack of coin by placing speculative buy/sell orders. You will be surprised how often they get filled in a flash crash/rise.
This right here is so true. People got scared back when BTC dropped down to $60, and then it went up 20x its value to 1200 shortly after. The idea that we're "late" to the party is far from the truth. We have no idea when the next increase is going to be, but it could be a massive one (such that even those that bought at $1.2k would still be happy with their return).
People will still become millionaire because of bitcoin I think, today you indeed need more money to invest in bitcoin.
That is a problem for new people that dont have alot of money, and want to buy a few bitcoins.
So it definitely became harder to become a millionaire, but at the same time we dont know how much bitcoin is going to be.
If it's going to 100k per bitcoin it will make alot of people millionaires.
That is a problem for new people that dont have alot of money, and want to buy a few bitcoins.
So it definitely became harder to become a millionaire, but at the same time we dont know how much bitcoin is going to be.
If it's going to 100k per bitcoin it will make alot of people millionaires.
I think to sum it up, the dream of becoming a millionaire from BTC is still possible, it just requires a significantly larger investment than it did a few years ago.
Actually it just requires time, patience and luck. Oh and balls of steel to make act upon decisions. You can always make a sack of coin by placing speculative buy/sell orders. You will be surprised how often they get filled in a flash crash/rise.
obviously it's more difficult to become a millionaire by spending $1,000 on bitcoin, but it's still possible to make $1 million on a much bigger investment. so yeah, it's more difficult for those who are dirt poor, but people with some money can still do well.
I think to sum it up, the dream of becoming a millionaire from BTC is still possible, it just requires a significantly larger investment than it did a few years ago.
I'd leave alt coins unless you can spot one with great potential.
I think invest slowly over time, $1000 a month or so, experiment with some altcoins and with a bit of luck you have a good chance.
it won't be possible making x10000 profits, only x100.
put 10,000$ in bitcoin today and in 10 years you got yourself 1mil USD (in todays USD purchasing power).
bitcoin is nowhere near mainstream yet, it won't be until its accepted in as many businesses as visa/mastercard.
put 10,000$ in bitcoin today and in 10 years you got yourself 1mil USD (in todays USD purchasing power).
bitcoin is nowhere near mainstream yet, it won't be until its accepted in as many businesses as visa/mastercard.
Just buy 100 coins and wait for 10k each. I think that's achievable.
I don't think people should worry about becoming a millionaire from it. If you believe in it good things will surely come once overs realise this.
it won't be possible making x10000 profits, only x100.
put 10,000$ in bitcoin today and in 10 years you got yourself 1mil USD (in todays USD purchasing power).
bitcoin is nowhere near mainstream yet, it won't be until its accepted in as many businesses as visa/mastercard.
i doubt there will be a better investment opportunity than bitcoin in our lifetime, we live in a unique point in history where all of the currencies on earth are simultaneously fiat and are being debased all at the same time.
AND at the same time cryptocurrencies which are the best form of money humans ever possessed has been invented.
this unique set of circumstances will lead to bitcoin becoming very valuable very rapidly and will not return.
put 10,000$ in bitcoin today and in 10 years you got yourself 1mil USD (in todays USD purchasing power).
bitcoin is nowhere near mainstream yet, it won't be until its accepted in as many businesses as visa/mastercard.
i doubt there will be a better investment opportunity than bitcoin in our lifetime, we live in a unique point in history where all of the currencies on earth are simultaneously fiat and are being debased all at the same time.
AND at the same time cryptocurrencies which are the best form of money humans ever possessed has been invented.
this unique set of circumstances will lead to bitcoin becoming very valuable very rapidly and will not return.
Last scare, we seen that BitCoin is the first ever "Last Minute Hedge" as it is more readily, faster and easier to gain access to than Gold, which is physical only.
This!
I never understand goldbugs. It is so obvious the mass will dive on bitcoin when the bank holidays are announced.
It is just way easier to transfer your inferior digital (fiat) money into bitcoin than into gold.
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