Topic: Want to Be a Millionaire? Two Main Rules of Bitcoin Investing (Read 3394 times)
The whole point of Bitcoin is not to get rich, but to create new social systems that are more equitable for everyone.
February 28, 2018, 01:53:41 AM
I think this is a bad way of thinking about bitcoin and advertising it. "get rich quick with bitcoin!"
whenever I tell anybody about bitcoin, be it a friend or family or someone on the internet, I have always tried to stick to the benefits of it being used as a currency not an investment. and we need more users who adopt bitcoin as a currency in my opinion, rather than more speculators to play around with the price and make more $$$ in return when they dump and exit.
i think theres no one says "get rich quick with bitcoin " since according to the news koch bought the coin in 2009 and the news comes out at 2015 meaning it took him 6 years before tasting the goodness of his investment..and about what OPs title want to be a millionaire .mentioning no specific time,if you invested in bitcoin it will be depending when would the price grow for your target profitwhenever I tell anybody about bitcoin, be it a friend or family or someone on the internet, I have always tried to stick to the benefits of it being used as a currency not an investment. and we need more users who adopt bitcoin as a currency in my opinion, rather than more speculators to play around with the price and make more $$$ in return when they dump and exit.
February 27, 2018, 11:34:06 PM
I think this is a bad way of thinking about bitcoin and advertising it. "get rich quick with bitcoin!"
whenever I tell anybody about bitcoin, be it a friend or family or someone on the internet, I have always tried to stick to the benefits of it being used as a currency not an investment. and we need more users who adopt bitcoin as a currency in my opinion, rather than more speculators to play around with the price and make more $$$ in return when they dump and exit.
i think theres no one says "get rich quick with bitcoin " since according to the news koch bought the coin in 2009 and the news comes out at 2015 meaning it took him 6 years before tasting the goodness of his investment..and about what OPs title want to be a millionaire .mentioning no specific time,if you invested in bitcoin it will be depending when would the price grow for your target profit whenever I tell anybody about bitcoin, be it a friend or family or someone on the internet, I have always tried to stick to the benefits of it being used as a currency not an investment. and we need more users who adopt bitcoin as a currency in my opinion, rather than more speculators to play around with the price and make more $$$ in return when they dump and exit.
February 27, 2018, 11:28:00 PM
Everybody yearning to become a millionaire but its not easy to achieved your ambitions in life, Discipline, hard work and passion are the essential elements to become successful. If we rely our self through crytocurrency perhaps there's a chance to overcome our desire. Lets be consistent in digging on it because the time come's we will be glad and enjoy earning it.
True. If you look at the life of a real millionaire, the guy, who earned his money himself, you would not envy him. Most of these people have to work at least (!) 18 hours a day. It is extremely difficult.
February 27, 2018, 03:52:07 AM
Well, I don't think one can make such huge profit from bitcoin any longer except you have to invest huge capital but I strongly believe that if one should conduct a very good research on some altcoins with high profit potential one can still make it big.
There are number of people who are planning of investing their money into bitcoin but the thing is there are certain things which you need to keep in your mind before making any kind of investment especially when it comes to that of investing your money into bitcoin. You need to be sure that you have this much of information and knowledge about the things that you will be able to perform better or not. Moreover, control over your emotions also carries a significant importance. February 24, 2018, 02:14:49 AM
Well, I don't think one can make such huge profit from bitcoin any longer except you have to invest huge capital but I strongly believe that if one should conduct a very good research on some altcoins with high profit potential one can still make it big.
February 24, 2018, 02:07:18 AM
Life isn’t a passive activity. Investing shouldn’t be either. we are sometimes dissapointed about life - with all its lifts and downs. Those who are rich invested once very successfully, it doesn't mean they have never lost in their life. You just have to be prepared.
February 24, 2018, 01:47:40 AM
When it comes to Bitcoin there are many reasons to believe that the cryptocurrency has the power to create wealth. Even small amounts of Bitcoin have made people incredibly wealthy. In December of 2015, The Guardian reported the case of Kristoffer Koch, a Norwegian who had purchased Bitcoin worth $26.60 in 2009. Koch acquired a total of 5000 Bitcoins for his investment, which at last year’s rate was worth $886,000.
A nice article that you should read : https://cointelegraph.com/news/want-to-be-a-millionaire-two-main-rules-of-bitcoin-investing
A nice article that you should read : https://cointelegraph.com/news/want-to-be-a-millionaire-two-main-rules-of-bitcoin-investing
Everybody in this forum are desiring to become a millionaire, but it doesn't mean it can happen that here in this industry. It maybe or it maybe not. Although I believed there is an instances that we can have a lot of money or bitcoin in cryptocurrency whether it is altcoin. But we can only have it if we will going to show some handwork in making some profit in this industry. And I think that would happen only if we are good in trading.
Holding and act bitcoin as investment is good option to make wealth. Bitcoin growth year by year is really amazing, and for some people they make bitcoin as their invesment instrument. I am believe there is no instant profits
but you need to have the patience to wait for the price increase and don't panic when the price is down because what I see in out there, many people become panic because they are seeing the price is down too deep and makes them sell their bitcoin too fast. and if we choose bitcoin as our investment, we need to have strong hands to hold our bitcoin so we can sell the bitcoin at the right time which is when the price increase higher.
and we can only prepare for the worst thing if the price still down below $10k but besides that, we can buy another bitcoin again in that level of the price and I am sure that when the price increase back, we can make a lot of profit. and I agree with you that we should have the patience to wait the price is up again because this situation is unpredicted and the price could change in any second so we need to prepare our self.
February 23, 2018, 05:57:25 PM
I think most of the crypto enthusiasts would have liked to invest 50$ in BTC in its early stages, or mine with their computer. But who knows what will the next btc be
February 23, 2018, 05:32:06 PM
It's exactly this attitude to consider Bitcoin a get-rich-quick scheme which is twisting the original idea of Satoshi totally. Nobody anymore wants to acquire Bitcoins to use them, everybody wants them just because they might become rich by having them. It's slightly perverse IMHO.
February 23, 2018, 02:03:20 AM
When it comes to Bitcoin there are many reasons to believe that the cryptocurrency has the power to create wealth. Even small amounts of Bitcoin have made people incredibly wealthy. In December of 2015, The Guardian reported the case of Kristoffer Koch, a Norwegian who had purchased Bitcoin worth $26.60 in 2009. Koch acquired a total of 5000 Bitcoins for his investment, which at last year’s rate was worth $886,000.
A nice article that you should read : https://cointelegraph.com/news/want-to-be-a-millionaire-two-main-rules-of-bitcoin-investing
A nice article that you should read : https://cointelegraph.com/news/want-to-be-a-millionaire-two-main-rules-of-bitcoin-investing
Everybody in this forum are desiring to become a millionaire, but it doesn't mean it can happen that here in this industry. It maybe or it maybe not. Although I believed there is an instances that we can have a lot of money or bitcoin in cryptocurrency whether it is altcoin. But we can only have it if we will going to show some handwork in making some profit in this industry. And I think that would happen only if we are good in trading.
Holding and act bitcoin as investment is good option to make wealth. Bitcoin growth year by year is really amazing, and for some people they make bitcoin as their invesment instrument. I am believe there is no instant profits
but you need to have the patience to wait for the price increase and don't panic when the price is down because what I see in out there, many people become panic because they are seeing the price is down too deep and makes them sell their bitcoin too fast. and if we choose bitcoin as our investment, we need to have strong hands to hold our bitcoin so we can sell the bitcoin at the right time which is when the price increase higher.
February 23, 2018, 01:35:05 AM
People think bitcoin can make them rich quickly. Thats so wrong.
So first rule is dont overestimate and dream about being rich fast
Second rule is have investment strategy like securities investment
So first rule is dont overestimate and dream about being rich fast
Second rule is have investment strategy like securities investment
February 23, 2018, 12:23:31 AM
When it comes to Bitcoin there are many reasons to believe that the cryptocurrency has the power to create wealth. Even small amounts of Bitcoin have made people incredibly wealthy. In December of 2015, The Guardian reported the case of Kristoffer Koch, a Norwegian who had purchased Bitcoin worth $26.60 in 2009. Koch acquired a total of 5000 Bitcoins for his investment, which at last year’s rate was worth $886,000.
A nice article that you should read : https://cointelegraph.com/news/want-to-be-a-millionaire-two-main-rules-of-bitcoin-investing
A nice article that you should read : https://cointelegraph.com/news/want-to-be-a-millionaire-two-main-rules-of-bitcoin-investing
Everybody in this forum are desiring to become a millionaire, but it doesn't mean it can happen that here in this industry. It maybe or it maybe not. Although I believed there is an instances that we can have a lot of money or bitcoin in cryptocurrency whether it is altcoin. But we can only have it if we will going to show some handwork in making some profit in this industry. And I think that would happen only if we are good in trading.
Holding and act bitcoin as investment is good option to make wealth. Bitcoin growth year by year is really amazing, and for some people they make bitcoin as their invesment instrument. I am believe there is no instant profits
but you need to have the patience to wait for the price increase and don't panic when the price is down because what I see in out there, many people become panic because they are seeing the price is down too deep and makes them sell their bitcoin too fast. and if we choose bitcoin as our investment, we need to have strong hands to hold our bitcoin so we can sell the bitcoin at the right time which is when the price increase higher.
February 22, 2018, 11:09:44 PM
When it comes to Bitcoin there are many reasons to believe that the cryptocurrency has the power to create wealth. Even small amounts of Bitcoin have made people incredibly wealthy. In December of 2015, The Guardian reported the case of Kristoffer Koch, a Norwegian who had purchased Bitcoin worth $26.60 in 2009. Koch acquired a total of 5000 Bitcoins for his investment, which at last year’s rate was worth $886,000.
A nice article that you should read : https://cointelegraph.com/news/want-to-be-a-millionaire-two-main-rules-of-bitcoin-investing
A nice article that you should read : https://cointelegraph.com/news/want-to-be-a-millionaire-two-main-rules-of-bitcoin-investing
Everybody in this forum are desiring to become a millionaire, but it doesn't mean it can happen that here in this industry. It maybe or it maybe not. Although I believed there is an instances that we can have a lot of money or bitcoin in cryptocurrency whether it is altcoin. But we can only have it if we will going to show some handwork in making some profit in this industry. And I think that would happen only if we are good in trading.
Holding and act bitcoin as investment is good option to make wealth. Bitcoin growth year by year is really amazing, and for some people they make bitcoin as their invesment instrument. I am believe there is no instant profits
February 22, 2018, 10:46:09 PM
When it comes to Bitcoin there are many reasons to believe that the cryptocurrency has the power to create wealth. Even small amounts of Bitcoin have made people incredibly wealthy. In December of 2015, The Guardian reported the case of Kristoffer Koch, a Norwegian who had purchased Bitcoin worth $26.60 in 2009. Koch acquired a total of 5000 Bitcoins for his investment, which at last year’s rate was worth $886,000.
A nice article that you should read : https://cointelegraph.com/news/want-to-be-a-millionaire-two-main-rules-of-bitcoin-investing
In investing it would take some patience to follow the success of Kristoffer Koch, many analysts argue that bitcoin is worth $ 1 million because bitcoin is a phenomenal discovery, I'm sure that the future of bitcoin will continue to improve so it's worth it for us to make long-term investments. A nice article that you should read : https://cointelegraph.com/news/want-to-be-a-millionaire-two-main-rules-of-bitcoin-investing
September 16, 2017, 12:49:29 AM
I can tell you the two main rules of investing in Bitcoin:
1. Buy low - sure, you can buy anytime, but if you buy low you are going to make a lot more in the long run. You can make double the Bitcoins... this will multiple A LOT in the distant future.
2. HODL - (fin fact, the term HODL was invented on this forum), it means HOLD. Do not sell your Bitcoin for anything. Just hold and use it until it is worth $1,000,000.
1. Buy low - sure, you can buy anytime, but if you buy low you are going to make a lot more in the long run. You can make double the Bitcoins... this will multiple A LOT in the distant future.
2. HODL - (fin fact, the term HODL was invented on this forum), it means HOLD. Do not sell your Bitcoin for anything. Just hold and use it until it is worth $1,000,000.
September 08, 2017, 09:47:54 PM
I think this is a bad way of thinking about bitcoin and advertising it. "get rich quick with bitcoin!"
whenever I tell anybody about bitcoin, be it a friend or family or someone on the internet, I have always tried to stick to the benefits of it being used as a currency not an investment. and we need more users who adopt bitcoin as a currency in my opinion, rather than more speculators to play around with the price and make more $$$ in return when they dump and exit.
whenever I tell anybody about bitcoin, be it a friend or family or someone on the internet, I have always tried to stick to the benefits of it being used as a currency not an investment. and we need more users who adopt bitcoin as a currency in my opinion, rather than more speculators to play around with the price and make more $$$ in return when they dump and exit.
I totally agree with you.Because if we all want such an easy money then one thing is expected and this is the failure of bitcoin system...
At this rate, you can't blame people if they see bitcoin as a good form of investment because it is a good investment. It would be more attravtive to other people to tell them of success stories of people who trusted btc before. It can make someone rich.
Its a good form of investment specially if you are in for a long run and it can make you rich in due time. But for those who are thinking that bitcoin is a quick rich scheme. It is not and I think its not the failure of the bitcoin system, but the person itself. There are no quick rich scheme, we all know that and bitcoin cannot offer that to you. But want bitcoin can give is that a perfect opportunity for someone to get tons of money if he has investment in it for longer term. Like stocks or mutual funds or any other investment instrument. I'm even holding for a stock for more than 10 years now but the dividend is not closer to what bitcoin can give me in I bought it earlier as well. Don't blame the system. But blame people for their greediness thinking that it is a quick rich scheme.
September 08, 2017, 08:04:42 PM
Everybody yearning to become a millionaire but its not easy to achieved your ambitions in life, Discipline, hard work and passion are the essential elements to become successful. If we rely our self through crytocurrency perhaps there's a chance to overcome our desire. Lets be consistent in digging on it because the time come's we will be glad and enjoy earning it.
I think this is a bad way of thinking about bitcoin and advertising it. "get rich quick with bitcoin!"
whenever I tell anybody about bitcoin, be it a friend or family or someone on the internet, I have always tried to stick to the benefits of it being used as a currency not an investment. and we need more users who adopt bitcoin as a currency in my opinion, rather than more speculators to play around with the price and make more $$$ in return when they dump and exit.
whenever I tell anybody about bitcoin, be it a friend or family or someone on the internet, I have always tried to stick to the benefits of it being used as a currency not an investment. and we need more users who adopt bitcoin as a currency in my opinion, rather than more speculators to play around with the price and make more $$$ in return when they dump and exit.
I totally agree with you.Because if we all want such an easy money then one thing is expected and this is the failure of bitcoin system...
I won't say this situation is the failure of bitcoin system, it just people who thinking to make profits through trading and it's not bad at all. I consider most people treat bitcoin as a trading object right now, and it's just one step of bitcoin development.
Because there are many people in several places such as in Japan or Netherland which use bitcoin as a currency to sell and buy in daily basis. All we need is scale solution to be implemented and bitcoin could afford so much transactions in every second with faster confirmation time and low fees, and you will see bitcoin being used as a payment method, as a currency.
I think this is a bad way of thinking about bitcoin and advertising it. "get rich quick with bitcoin!"
whenever I tell anybody about bitcoin, be it a friend or family or someone on the internet, I have always tried to stick to the benefits of it being used as a currency not an investment. and we need more users who adopt bitcoin as a currency in my opinion, rather than more speculators to play around with the price and make more $$$ in return when they dump and exit.
whenever I tell anybody about bitcoin, be it a friend or family or someone on the internet, I have always tried to stick to the benefits of it being used as a currency not an investment. and we need more users who adopt bitcoin as a currency in my opinion, rather than more speculators to play around with the price and make more $$$ in return when they dump and exit.
I totally agree with you.Because if we all want such an easy money then one thing is expected and this is the failure of bitcoin system...
At this rate, you can't blame people if they see bitcoin as a good form of investment because it is a good investment. It would be more attravtive to other people to tell them of success stories of people who trusted btc before. It can make someone rich.
Its a good form of investment specially if you are in for a long run and it can make you rich in due time. But for those who are thinking that bitcoin is a quick rich scheme. It is not and I think its not the failure of the bitcoin system, but the person itself. There are no quick rich scheme, we all know that and bitcoin cannot offer that to you. But want bitcoin can give is that a perfect opportunity for someone to get tons of money if he has investment in it for longer term. Like stocks or mutual funds or any other investment instrument. I'm even holding for a stock for more than 10 years now but the dividend is not closer to what bitcoin can give me in I bought it earlier as well. Don't blame the system. But blame people for their greediness thinking that it is a quick rich scheme.
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