Is it possible to build a career with bitcoin? - page 2.

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Quote from: rodskee on October 30, 2023, 03:41:18 AM

Quote from: BD Technical on October 25, 2023, 09:10:53 PM

One of my older brothers bought bitcoin with that money, instead of keeping it in the bank, about 6 months ago, the price of bitcoin was 24-25k+, and he bought about 1 BTC. The price of bitcoin has increased to 34K+. In just 6 months, he has made a profit of 9k+ dollars, which would have taken more than 20 years to get from the bank. This means that bitcoin can become a millionaire if people invest in it at the right time. I also bought some bitcoins myself and did it by withdrawing money from the bank. Success is not possible if you do not take risks in life. I know how hard it is to make money and if it is to sweat your head and work day and night, then it is worth it. And we can make a lot of income by buying or trading bitcoin with the right rules. I think bitcoin is a bright future for us.

Your brother is lucky but that does not mean you will be lucky also not unless your willingness will take you
to long term investing then that would be great or at least in the next Halving in which will take place in the last quarter of 2024
show your willingness and sure there will be better coming your way. 9k profit is so cheap if your brother will be wise enough to
keep that bitcoin inside her wallet for the whole year from now and with that he will be multiple richer at least that would last him
more than a year or at least 2 years before tasting that product.

But even if OP is lucky or they both hold onto bitcoin until it hits a new ATH during the next bull season, that still won't help them build a career by investing in bitcoin. Invest in bitcoin with a capital of 30k$ and do you think bitcoin will make you rich and successful even if bitcoin reaches 100k$? If we could easily build a career just by investing 30 thousand dollars in bitcoin, I think people wouldn't have to struggle for years to go to school, struggle to find a job, open a business...to build a career. Bitcoin can only help us improve the economy and help us increase capital to do many other things, it cannot help us build a career just by investing in it.

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Quote from: yhiaali3 on October 29, 2023, 11:38:40 PM

Yes, building a project requires experience, skill, and money as well, but you do not have to be a university graduate specializing in information technology. There are many people who have gained experience and developed their skills independently using self-learning without being university graduates. In addition, if you have money, you can hire people with experience and they build your project.

In any case, building a project is not an easy job and is not available to everyone, but simply investing in Bitcoin will not give you a career and will not give you wealth. Yes, it will give you some good profits in the long run and that is all.

There are many people who have successfully built certain businesses who do not have higher education. Likewise, for people who are successful in building a project, there is no guarantee that they are university graduates. For example, we can look at the creator of Bitcoin and does anyone know which university he graduated from? But maybe we have to agree that people who are successful in building projects must have skills in the field of computing and they need a network to develop them. Investing in bitcoin will be in accordance with the capital we place and profits will follow the capital we use. In the end, never expect to get rich quickly when we invest in bitcoin because it will have a psychological impact if we don't achieve it.

Becoming a university graduate is only a sign that we have taken the educational path and money can play a substitute role in employing people who have expertise in that field. But when we are unfamiliar with the problems we are working on and building, there is also the potential that we will be lied to by our colleagues. That's why we need knowledge every time we want to develop something and without this the potential for fraud will be much greater.

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Quote from: BD Technical on October 25, 2023, 09:10:53 PM

One of my older brothers bought bitcoin with that money, instead of keeping it in the bank, about 6 months ago, the price of bitcoin was 24-25k+, and he bought about 1 BTC. The price of bitcoin has increased to 34K+. In just 6 months, he has made a profit of 9k+ dollars, which would have taken more than 20 years to get from the bank. This means that bitcoin can become a millionaire if people invest in it at the right time. I also bought some bitcoins myself and did it by withdrawing money from the bank. Success is not possible if you do not take risks in life. I know how hard it is to make money and if it is to sweat your head and work day and night, then it is worth it. And we can make a lot of income by buying or trading bitcoin with the right rules. I think bitcoin is a bright future for us.

Your brother is lucky but that does not mean you will be lucky also not unless your willingness will take you
to long term investing then that would be great or at least in the next Halving in which will take place in the last quarter of 2024
show your willingness and sure there will be better coming your way. 9k profit is so cheap if your brother will be wise enough to
keep that bitcoin inside her wallet for the whole year from now and with that he will be multiple richer at least that would last him
more than a year or at least 2 years before tasting that product.

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Quote from: yhiaali3 on October 29, 2023, 11:38:40 PM

Quote from: posi on October 29, 2023, 07:27:13 AM

What you two are talking about is building your own project with programming and technology related skills, and to do that we need to be fully trained, at least a university graduate majoring in information technology. And what OP is saying is that he only wants to invest and trade bitcoin, and he is trying to imply that he only needs to invest in bitcoin to build a career. And I wouldn't agree with that, he just wants to use his savings to invest in bitcoin, hoping that it will bring him wealth without having to work.

Yes, building a project requires experience, skill, and money as well, but you do not have to be a university graduate specializing in information technology. There are many people who have gained experience and developed their skills independently using self-learning without being university graduates. In addition, if you have money, you can hire people with experience and they build your project.

In any case, building a project is not an easy job and is not available to everyone, but simply investing in Bitcoin will not give you a career and will not give you wealth. Yes, it will give you some good profits in the long run and that is all.

You're right, we don't need to graduate from university majoring in information technology, and what I want to say is. At least you need to have good knowledge and skills in programming to be able to do that. But the idea of spending money to hire someone else to do a project for you, while you have no knowledge about it, I think this idea is not a wise thought. It's like you just want to create a project to make money temporarily without the intention of building it long term and pursuing it.

As philipma1957 said, bitcoin no longer gives 100x or 200x returns. So, the idea of getting rich or building a career by investing in bitcoin will no longer be realistic. We need to work hard to create better results, not just rely on a single bitcoin investment.

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Quote from: krishnaverma on October 30, 2023, 01:04:57 AM

Yes, Bitcoin can give decent returns. But do not invest everything in Bitcoin, keep some money in bank also. This is because the returns with Bitcoin is not guaranteed. Sometimes when there is bear market, your funds will get locked for very long time. Then you will regret that you invested all the money in Bitcoin.

Every possible profit will be proportional to the level of risk that will be faced.
Regarding investing, we really have to make calculations, especially with Bitcoin which has very significant movements, making it possible for anything to happen and avoiding panic for every investment, so it's better if we use money that we don't really need.

Quote from: yhiaali3 on October 29, 2023, 11:38:40 PM

In any case, building a project is not an easy job and is not available to everyone, but simply investing in Bitcoin will not give you a career and will not give you wealth. Yes, it will give you some good profits in the long run and that is all.

I understand this differently, I think investing/trading Bitcoin cannot be separated from being able to take profits and then turn it into things that make it easier for us to achieve success with the capital we get from Bitcoin profits, I think so, don't be fixated on or expect from Bitcoin profits just.

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Quote from: BD Technical on October 25, 2023, 09:10:53 PM

One of my older brothers bought bitcoin with that money, instead of keeping it in the bank, about 6 months ago, the price of bitcoin was 24-25k+, and he bought about 1 BTC. The price of bitcoin has increased to 34K+. In just 6 months, he has made a profit of 9k+ dollars, which would have taken more than 20 years to get from the bank. This means that bitcoin can become a millionaire if people invest in it at the right time. I also bought some bitcoins myself and did it by withdrawing money from the bank. Success is not possible if you do not take risks in life. I know how hard it is to make money and if it is to sweat your head and work day and night, then it is worth it. And we can make a lot of income by buying or trading bitcoin with the right rules. I think bitcoin is a bright future for us.

Yes, Bitcoin can give decent returns. But do not invest everything in Bitcoin, keep some money in bank also. This is because the returns with Bitcoin is not guaranteed. Sometimes when there is bear market, your funds will get locked for very long time. Then you will regret that you invested all the money in Bitcoin.

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Quote from: BD Technical on October 25, 2023, 09:10:53 PM

One of my older brothers bought bitcoin with that money, instead of keeping it in the bank, about 6 months ago, the price of bitcoin was 24-25k+, and he bought about 1 BTC. The price of bitcoin has increased to 34K+. In just 6 months, he has made a profit of 9k+ dollars, which would have taken more than 20 years to get from the bank. This means that bitcoin can become a millionaire if people invest in it at the right time. I also bought some bitcoins myself and did it by withdrawing money from the bank. Success is not possible if you do not take risks in life. I know how hard it is to make money and if it is to sweat your head and work day and night, then it is worth it. And we can make a lot of income by buying or trading bitcoin with the right rules. I think bitcoin is a bright future for us.

I think Bitcoin investment is an easy way to make a profit when someone understands the right time to buy and the right time to sell. Now that your brother is profiting from his Bitcoin investment, it is because he bought it when the price was low, and that is why he is lucky to make the profit over a short period of time. There are some people who entered the market at the wrong time, when the price of bitcoin was high. Those people are still lost now when some people are making a profit on their Bitcoin investments. So let us know that someone can make a profit from their bitcoin investment and also someone can lose, depending on their time spent buying and selling. Yes, if someone wants to be successful in life, they need to take certain risks, but the truth is that we should always try to understand the risks we take, because there are some risks that are high, and when we get involved in them, we are going to always be at a loss unless lucky just work on us.

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Quote from: posi on October 29, 2023, 07:27:13 AM

What you two are talking about is building your own project with programming and technology related skills, and to do that we need to be fully trained, at least a university graduate majoring in information technology. And what OP is saying is that he only wants to invest and trade bitcoin, and he is trying to imply that he only needs to invest in bitcoin to build a career. And I wouldn't agree with that, he just wants to use his savings to invest in bitcoin, hoping that it will bring him wealth without having to work.

Yes, building a project requires experience, skill, and money as well, but you do not have to be a university graduate specializing in information technology. There are many people who have gained experience and developed their skills independently using self-learning without being university graduates. In addition, if you have money, you can hire people with experience and they build your project.

In any case, building a project is not an easy job and is not available to everyone, but simply investing in Bitcoin will not give you a career and will not give you wealth. Yes, it will give you some good profits in the long run and that is all.

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With bitcoin it would be a little tricky. As it stands today, bitcoin is a solid sub-industry already with little to no improvements needed, so you can't really penetrate the corporate scene in it anymore. Crypto on the other hand, now we're talking. Crypto is a massively improving industry with growth bigger than your pre-pubescent years. You could pretty much do anything you want and you're sure to find a place in this industry, coding? Web design? Community and social media management? You name it and the industry will keep a spot for you. With the advent of web3 this will become even bigger, so perhaps instead of looking for bitcoin careers, you might wanna look instead for CRYPTO careers.

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What OP had said is the reality. When we don't have the ability to risk, we won't end up earning big. Same time when the risk factor isn't handled well, we end up losing which might end our interest into cryptocurrency. Having a career into bitcoin is possible, but the same need to be experimented with small amount and further the same can be increased. This means we'll understand better about the market as well as the growth of bitcoin. As OP's brother not everyone get lucky to make good return out of the investment. We should not think of something has happened with the person next to us and the same will happen for us. We need to understand and have the ability to analyse. When this is possible automatically we know how to overcome the risk and make bitcoin earning good.

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Quote from: BD Technical on October 25, 2023, 09:10:53 PM

One of my older brothers bought bitcoin with that money, instead of keeping it in the bank, about 6 months ago, the price of bitcoin was 24-25k+, and he bought about 1 BTC. The price of bitcoin has increased to 34K+. In just 6 months, he has made a profit of 9k+ dollars, which would have taken more than 20 years to get from the bank. This means that bitcoin can become a millionaire if people invest in it at the right time. I also bought some bitcoins myself and did it by withdrawing money from the bank. Success is not possible if you do not take risks in life. I know how hard it is to make money and if it is to sweat your head and work day and night, then it is worth it. And we can make a lot of income by buying or trading bitcoin with the right rules. I think bitcoin is a bright future for us.

I think investing in bitcoins is much better than keeping money in the bank. But one thing to keep in mind here is that you should not be impatient with Bitcoin investing. Of course, the investment should be held until the investment is successful. But Bitcoin investment is not good for everyone, Bitcoin investment is good for those who can hold it for long term. Here your elder brother has done a very good job without leaving the money in the bank and the bitcoins he bought and invested have been the best. $6000 of your big brother's profit here is a thousand times more profit than putting money in the bank. But if your elder brother holds one BTC then he can get more success in future.

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Only if you’d manage things right; there are many outlets wherein a bitcoin investor could get profit from. Some people are indeed making a living out of this industry but most people are not. Profit is never assured and losses will always be a part of your investment journey. As I’ve said, there are people who made fortune from investing into this technology and most of them have the financial privilege to do so. So if you’re one of those who hassmall capital, then things should be all planned and never be too confident of things especially with regards to profit.

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Quote from: BD Technical on October 25, 2023, 09:10:53 PM

In just 6 months, he has made a profit of 9k+ dollars, which would have taken more than 20 years to get from the bank. This means that bitcoin can become a millionaire if people invest in it at the right time.

Just keep in mind that the same way Bitcoin has increased 9000$ in price since the beginning of the investment, it could have also gone the way round -9000$. On short term everything is expected to happen and you were lucky to invest on the right time. However, it could have taken years until you have some profit from your investment. So, always be prepared to hold BTC for longer periods of time, if necessary, and don't expect profit is always going to be made easily like you did in the current situation.

Anyway, congratulations for your investment! I'm happy to read successful stories about Bitcoin investors like you!

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Quote from: Septex on October 29, 2023, 09:59:24 AM

I think it is definitely possible to make a career with Bitcoin. But if you want to make a career in any way then you must acquire sufficient knowledge about it and know details about it. If you want to make a career out of Bitcoin then it will be very beneficial for you if you have people around you who have already made a career out of Bitcoin. And before investing in Bitcoin, you must have enough understanding of the market and you must have enough capacity so that even if there is a loss at first, its impact is not too big. And if you try to start small in investing then you can gradually gain motivation through it which helps to accelerate your dream of investing in Bitcoin later and making a career out of it. And few days back Bitcoin price was 26K but now its price has reached 34.5k which means those who exchanged at that time have profited around 8 K now. So it can be said that by investing in Bitcoin you can profit.

You raised a solid point here mate, if you want to be successful in a something or business it’s best you stay around people who are in the same line of business that you are so that ideas and experiences will flow. Follow up people who are very well incline in Bitcoin so that you can learn from them. It is also important to do your own research so that you can have better understanding in the space. They are a lot of people out there who are successful they even go further to quit there job so that they can give their 100 percent focus on bitcoin because of it numerous benefits.
  It is also important to consider the capital you’re willing to risk, a good capital with proper management can result to success in your career, actually you can invest with any amount of capital if you know what you’re doing and discipline you can achieve success in your career. Investing with good capital can result in good productivity returns. We shouldn’t be deceived we can actually learn and start a career in bitcoin if we set our mind to it. It brings a lot of freedom making one to work remotely. This is the kind of job I’d love engage the one that requires me to work from home.

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I think it is definitely possible to make a career with Bitcoin. But if you want to make a career in any way then you must acquire sufficient knowledge about it and know details about it. If you want to make a career out of Bitcoin then it will be very beneficial for you if you have people around you who have already made a career out of Bitcoin. And before investing in Bitcoin, you must have enough understanding of the market and you must have enough capacity so that even if there is a loss at first, its impact is not too big. And if you try to start small in investing then you can gradually gain motivation through it which helps to accelerate your dream of investing in Bitcoin later and making a career out of it. And few days back Bitcoin price was 26K but now its price has reached 34.5k which means those who exchanged at that time have profited around 8 K now. So it can be said that by investing in Bitcoin you can profit.

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Quote from: BD Technical on October 25, 2023, 09:10:53 PM

One of my older brothers bought bitcoin with that money, instead of keeping it in the bank, about 6 months ago, the price of bitcoin was 24-25k+, and he bought about 1 BTC. The price of bitcoin has increased to 34K+. In just 6 months, he has made a profit of 9k+ dollars, which would have taken more than 20 years to get from the bank. This means that bitcoin can become a millionaire if people invest in it at the right time. I also bought some bitcoins myself and did it by withdrawing money from the bank. Success is not possible if you do not take risks in life. I know how hard it is to make money and if it is to sweat your head and work day and night, then it is worth it. And we can make a lot of income by buying or trading bitcoin with the right rules. I think bitcoin is a bright future for us.

No matter how risky bitcoin is, there are still some few people who managed to be successful in their investment or trading activities. But mostly it's in trading that people build their career and earn a living. However, only professional traders are able to do that because of their years of experience in the trading market that made them skillful and competent enough to succeed on their trades. While the rest are just good at the start and eventually decide to quit in the end since they cannot manage to deal with the risks because of their wrong attitude and wrong mindset about trading.

While rare of these traders find career in trading, some end up trading regretting because they lose their money in an instant when all they believe that trading could give them bigger and immediate profits especially if they start trading with higher amount of capital. Trading with bitcoin is actually profitable, but it's unfortunate that most traders end up ruining their trades than building good career with bitcoin trading.

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It is natural that you need to acquire detailed knowledge about Bitcoin to build a career in Bitcoin. But in countries where Bitcoin is not legal, the people of the country, if they want to make a career on Bitcoin, they must be involved in illegal activities, it will not create a career, but instead they will have to get into legal trouble for researching and gaining knowledge on prohibited activities. That's why it's wise for people like me who live in countries where Bitcoin is banned to not build a career on Bitcoin.

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Quote from: tranthidung on October 29, 2023, 07:53:31 AM

Quote from: philipma1957 on October 29, 2023, 07:44:26 AM

You and I are in agreement. To think you can invest 10,000 usd today and earn a living from btc because that 10,000 turns into 1,000,000 is not realistic for a long list of reasons. I think that the glory days of btc growing 100x in 2 or 3 years are gone. December 2012 btc dropped to around 9 bucks a coin. It went to 1300 a coin in 11 months or so that is 144x in 11 months. That is unlikely these days.

It is true because marketcap of Bitcoin becomes big already nowadays. It is a barrier for 100x within 2 or 3 years like it did in early years since 2009.

Quote

Also if you have 10,000 usd say .3 coins and we do 10x in six months your .3 coins are worth 100,000 it becomes very hard to hodl as 100,000 is life changing money in many parts of the world.

So to think you can simply invest and hodl until you are rich is very hard to make real.

Holding bitcoin through 3 or 4 cycles, each cycle is 4 years so it takes 12 or 16 more years, can be a solid way to get rich with Bitcoin. I know it's a long time for many people, because of many things like they are old already, they don't have enough patience, they have plans to do in near future with money, ...

I totally agree with you simply holding bitcoin is hard to get rich as past parabolic runs gone and won't be seen again. We will still have bull runs but at smaller growths.

So people must dig into the past cycles, learn about Psychology of market cycle and try to take profit in bull market around all time high, and wait patiently like 1 years to 2 years to buy bitcoin at cheaper price. It will help them to increase their bitcoin then from 0.3 BTC, it can become 0.5 BTC or more.

I know finding all time high is hard so I would like to see the all time high, miss it but will sell at a little bit lower price, and wait to buy back. I would like to wait about 1 year and a half to buy back.

For me and I am an OG so to have made the 200,000 I made maybe 300,000 since 2012 was not so hard as I cashed in often to secure profits and did not always reinvest the coin. I can honestly say I should have made 2-3 million not 200-300k. But that is the way of doing high risk investing with BTC.

100 fold gains in a cycle are done but 20 fold in 2 or 3 cycles can happen.

2012 to 2013 144x gain
2016 to 2017 51x gain
2020 to 2021 17x gain
2024 to 2025 6x gain?
2028 to 2029 2x gain?

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Quote from: philipma1957 on October 29, 2023, 07:44:26 AM

You and I are in agreement. To think you can invest 10,000 usd today and earn a living from btc because that 10,000 turns into 1,000,000 is not realistic for a long list of reasons. I think that the glory days of btc growing 100x in 2 or 3 years are gone. December 2012 btc dropped to around 9 bucks a coin. It went to 1300 a coin in 11 months or so that is 144x in 11 months. That is unlikely these days.

It is true because marketcap of Bitcoin becomes big already nowadays. It is a barrier for 100x within 2 or 3 years like it did in early years since 2009.

Quote

Also if you have 10,000 usd say .3 coins and we do 10x in six months your .3 coins are worth 100,000 it becomes very hard to hodl as 100,000 is life changing money in many parts of the world.

So to think you can simply invest and hodl until you are rich is very hard to make real.

Holding bitcoin through 3 or 4 cycles, each cycle is 4 years so it takes 12 or 16 more years, can be a solid way to get rich with Bitcoin. I know it's a long time for many people, because of many things like they are old already, they don't have enough patience, they have plans to do in near future with money, ...

I totally agree with you simply holding bitcoin is hard to get rich as past parabolic runs gone and won't be seen again. We will still have bull runs but at smaller growths.

So people must dig into the past cycles, learn about Psychology of market cycle and try to take profit in bull market around all time high, and wait patiently like 1 years to 2 years to buy bitcoin at cheaper price. It will help them to increase their bitcoin then from 0.3 BTC, it can become 0.5 BTC or more.

I know finding all time high is hard so I would like to see the all time high, miss it but will sell at a little bit lower price, and wait to buy back. I would like to wait about 1 year and a half to buy back.

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Quote from: posi on October 29, 2023, 07:27:13 AM

Quote from: Natsuu on October 29, 2023, 05:27:12 AM

Quote from: yhiaali3 on October 25, 2023, 10:33:41 PM

Yes, it is possible to build a career with Bitcoin. It cannot be said that Bitcoin can be used as a profession, but of course you can make a successful investment in the long term.

If you want to have a career and a monthly income from Bitcoin, you must start your own project and work to make it successful in order to obtain a monthly income.

As for simply investing in Bitcoin without building your own project, it is different from a career because you buy and wait for a rise, and this may take months or years. Therefore, in long-term investment, it is not possible to rely on Bitcoin to obtain a career and a fixed monthly income.

Right. I think it is a great to build your career from bitcoin. It does not necessarily mean that you stick on bitcoin alone. Building a career in Bitcoin and cryptocurrencies often requires a strong understanding of blockchain technology, programming skills, financial acumen or a combination of these skills. Continuous learning and staying updated with the latest developments in the industry are also need to build this crypto career you aim.

What you two are talking about is building your own project with programming and technology related skills, and to do that we need to be fully trained, at least a university graduate majoring in information technology. And what OP is saying is that he only wants to invest and trade bitcoin, and he is trying to imply that he only needs to invest in bitcoin to build a career. And I wouldn't agree with that, he just wants to use his savings to invest in bitcoin, hoping that it will bring him wealth without having to work.

You and I are in agreement. To think you can invest 10,000 usd today and earn a living from btc because that 10,000 turns into 1,000,000 is not realistic for a long list of reasons. I think that the glory days of btc growing 100x in 2 or 3 years are gone. December 2012 btc dropped to around 9 bucks a coin. It went to 1300 a coin in 11 months or so that is 144x in 11 months. That is unlikely these days.

Also if you have 10,000 usd say .3 coins and we do 10x in six months your .3 coins are worth 100,000 it becomes very hard to hodl as 100,000 is life changing money in many parts of the world.

So to think you can simply invest and hodl until you are rich is very hard to make real.

I know this when my 2,000 usd worth of doge got to 88,000 usd I cashed it. If I hodled a little longer it would have been 350,000 usd.

It is weird to have 80k plus profits and feel disappointed.

My partner hodled his shares of doge until it hit 350,000 and he did not cash until it dropped to around 100,000 usd so he did better but was also disappointed. To think you will do this with any coin no matter what it is you are not realistic.

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