Topic: Want to Be a Millionaire? Two Main Rules of Bitcoin Investing - page 3. (Read 3357 times)
I think the stage we are now in bitcoin live one may not make much money through buy hold but through margin and leverage trading. The price of bitcoin is currently $1030 and I doubt if the price will get to $30,000 in the next ten years. But because skillful margin trader make profit either the price fluctuates up or down.
This is a very risky thing to do, how if the coin that I bought become worthless, this is just some case that the person invest in right coin then he become a millionaire, we can't predict the future correctly every time, if you got spare money it is good to invest in bitcoin but you need to know the risk when you decided to invest
If you believe in the potential of something and you are convinced that is going to bring you riches, then by all means take the risk. The ones who are making a fortune with bitcoin are those who have been holding theirs for a long time already. I would have made a substantial amount myself if I had just held what I bought for $400 last year. But I was not patient enough and didn't know that we would reach four digits a few month after I sold mine at around $650.
This is a very risky thing to do, how if the coin that I bought become worthless, this is just some case that the person invest in right coin then he become a millionaire, we can't predict the future correctly every time, if you got spare money it is good to invest in bitcoin but you need to know the risk when you decided to invest
This is something which I've always said is the problem with people that invest in bitcoin now, they only see it as a trading opportunity as the bitcoin price is very volatile (fluctuates heavily) and they think they should be able to make some money off of it. If people keep thinking this, it's just going to fuck up Bitcoin more and more as it's just going to keep getting more volatile and the people that actually use it are going to suffer.
Plus, this article is just bullshit as the person who invested just got lucky being an early adopter. It's like me saying that you should invest in Apple because I bought the stock when it first started and made a killing, See it doesn't make sense in the least.
GOSH, if you're going to post an article at least make sure it's not going to waste users' time.
Plus, this article is just bullshit as the person who invested just got lucky being an early adopter. It's like me saying that you should invest in Apple because I bought the stock when it first started and made a killing, See it doesn't make sense in the least.
GOSH, if you're going to post an article at least make sure it's not going to waste users' time.
i say there is only one key strategy to becoming a millionaire with bitcoin and that is a very simple one:
step one: buy bitcoin as much as you can.
step two: move these coins to a secure cold storage and make enough proper backups.
step three: close bitcointalk, reddit and any other bitcoin related place where random people can register and anonymously spread bullshit.
step four: your mind is now at peace.
step five: in at least a year check price and thank me.
step one: buy bitcoin as much as you can.
step two: move these coins to a secure cold storage and make enough proper backups.
step three: close bitcointalk, reddit and any other bitcoin related place where random people can register and anonymously spread bullshit.
step four: your mind is now at peace.
step five: in at least a year check price and thank me.
Bitcoin updates are very crucial in determ ining what will be the potential events that will hit bitcoin and thus it is also necessary for the holder to watch over the market. Bitcoin is very volatile and saying that you will just check it at the end of the year is a dangerous and risky thing to do. If you will do that you will probably will lost a big amount.
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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 $$$ in return when they dump and exit.
I favor your point to support the idea that whenever we invite someone to bitcoin we have to tell them about the uses and its benefits of bitcoin but there is a bunch of community in our world who have benefit the technology but only if they will earn money from it. whenever I tell anybody about bitcoin, be it a friend or family or someone on the internet, I have always tried to stick to the benefits of it being used as a currency not an investment. and we need more users who adopt bitcoin as a currency in my opinion, rather than more speculators to play around with the price and make more $$$ in return when they dump and exit.
i say there is only one key strategy to becoming a millionaire with bitcoin and that is a very simple one:
step one: buy bitcoin as much as you can.
step two: move these coins to a secure cold storage and make enough proper backups.
step three: close bitcointalk, reddit and any other bitcoin related place where random people can register and anonymously spread bullshit.
step four: your mind is now at peace.
step five: in at least a year check price and thank me.
step one: buy bitcoin as much as you can.
step two: move these coins to a secure cold storage and make enough proper backups.
step three: close bitcointalk, reddit and any other bitcoin related place where random people can register and anonymously spread bullshit.
step four: your mind is now at peace.
step five: in at least a year check price and thank me.
Bitcoin updates are very crucial in determ ining what will be the potential events that will hit bitcoin and thus it is also necessary for the holder to watch over the market. Bitcoin is very volatile and saying that you will just check it at the end of the year is a dangerous and risky thing to do. If you will do that you will probably will lost a big amount.
i say there is only one key strategy to becoming a millionaire with bitcoin and that is a very simple one:
step one: buy bitcoin as much as you can.
step two: move these coins to a secure cold storage and make enough proper backups.
step three: close bitcointalk, reddit and any other bitcoin related place where random people can register and anonymously spread bullshit.
step four: your mind is now at peace.
step five: in at least a year check price and thank me.
step one: buy bitcoin as much as you can.
step two: move these coins to a secure cold storage and make enough proper backups.
step three: close bitcointalk, reddit and any other bitcoin related place where random people can register and anonymously spread bullshit.
step four: your mind is now at peace.
step five: in at least a year check price and thank me.
Bitcoin updates are very crucial in determ ining what will be the potential events that will hit bitcoin and thus it is also necessary for the holder to watch over the market. Bitcoin is very volatile and saying that you will just check it at the end of the year is a dangerous and risky thing to do. If you will do that you will probably will lost a big amount.
Actually, i think he was lucky to buy bitcoins in that year but sadly I didn't know about bitcoins till 2014 and I was 15 at that time and can't purchase even for 200$/btc.
In this world only lucky people get the chance to fulfill their dreams.
In this world only lucky people get the chance to fulfill their dreams.
Well with a price of 26.60 per Bitcoin there is no doubt that you will be tremendously rich with Bitcoin's price right now. But being a millionaire by investing to Bitcoin with its price right now is not that possible, you might want to consider other options besides Bitcoin. Think outside the cryptoworld because there are many stocks right now who have good financial backgrounds and projects that are promising for investors. I don't expect Bitcoin to have an great increase in price compared to what happened in the past years.
What a retarded title. There are no main rules of investing, you do what you feel and what you want not what people suggest especially ones that have little to no clue.
Have to agree with you there. In the past, I have followed advice from various market researchers and economists. I always ended up in a loss. After that I stopped following their advice, did my own research and took my own decisions. I am able to get an annualized ROI of almost 20% for the past 4-5 years. So here is my advice. Take your own decision, and listen to none.
Bitcoin is not that cheap anymore. You'll need million dollars investment in order to make millions. It is no different with investing in stocks. Luckily there are still cheap altcoins you can invest on and hope that will get pricey in the future. If you put your money on the right altcoin, it will make you millionaire someday.
i say there is only one key strategy to becoming a millionaire with bitcoin and that is a very simple one:
step one: buy bitcoin as much as you can.
step two: move these coins to a secure cold storage and make enough proper backups.
step three: close bitcointalk, reddit and any other bitcoin related place where random people can register and anonymously spread bullshit.
step four: your mind is now at peace.
step five: in at least a year check price and thank me.
step one: buy bitcoin as much as you can.
step two: move these coins to a secure cold storage and make enough proper backups.
step three: close bitcointalk, reddit and any other bitcoin related place where random people can register and anonymously spread bullshit.
step four: your mind is now at peace.
step five: in at least a year check price and thank me.
Interesting strategy; but buying today about $1000 per coin and after one year if there is a hard fork and a split of the block chain and bitcoin has lost its value or maybe someone is in the wrong side of the chain what will be happen? All about bitcoin's future and price are only rumors and speculation. Everyone has to do his/her own research and decide himself without to be affected by anyone.
What a retarded title. There are no main rules of investing, you do what you feel and what you want not what people suggest especially ones that have little to no clue.
What's been described by op is all about the early adopters. During the early days very few believed such an evolution in technology will profit us. Also at that time the price was quite an affordable one even for a common man who completely depend on day job for all his nees, savings and investment. Now with the current price it's not that easily affordable for common men.
Time of cheap BTC is far gone, just look at the recent infighting, before the price would have suffered great but now no. If BTC reach $10,000 that is just 10X return when compare to over 2000X return some early adopter hit. What I do is to hedge my BTC profit in possible next big thing in Crypto and possibly some of them will hit 100X return in coming years for investors
I disagree personally as people could still buy bitcoin at the moment, the all time high was 1300$ but now we are down to 950-1000$ so anyone in the bitcoin community could actually see the real potentials of BTC and when we are done with the SegWit and BU debate and what to activate etc... I'm pretty sure It will be just a matter of time until we reach the moon.
Exactly mate. You could still buy bitcoin now and made profits in the long run. We do not need to emphasize the potential of bitcoin to gain profit, its all over here in our community. If you still haven't seen it then it will be your lost. At the current price of $970 and you buy it then bitcoin price rise at the steady $1100-1300 then you already profit. Only thing with bitcoin is you have to invest in the long term, to fully maximize its potential and your profit. Forgot about the BU vs Core drama, it doesn't matter, bitcoin market price will rise soon and we will see $1500-2000 at the end of the year.
All about bitcoin's future and price are only rumors and speculation. Everyone has to do his/her own research and decide himself without to be affected by anyone.
Even if we keep on researching about Bitcoin, assuming you are right about it being speculations and rumors, then there is no sense in researching and finding truth about Bitcoin since all you can gather are all rumors (as you are saying) and speculations.
Interesting strategy; but buying today about $1000 per coin and after one year if there is a hard fork and a split of the block chain and bitcoin has lost its value or maybe someone is in the wrong side of the chain what will be happen?
You have doubled the amount of your BTC, but well pricewise it is still dependent on the demand in the market. If a fork or a split in chain happen and you have access to the private key of your Bitcoin, all your Bitcoin is safe and if you will run your wallet on both chain, you balance will appear. This mean you have the same amount of Bitcoin from before the fork and after the fork but this time they are on both chain.
All about bitcoin's future and price are only rumors and speculation. Everyone has to do his/her own research and decide himself without to be affected by anyone.
Even if we keep on researching about Bitcoin, assuming you are right about it being speculations and rumors, then there is no sense in researching and finding truth about Bitcoin since all you can gather are all rumors (as you are saying) and speculations.
Interesting strategy; but buying today about $1000 per coin and after one year if there is a hard fork and a split of the block chain and bitcoin has lost its value or maybe someone is in the wrong side of the chain what will be happen?
You have doubled the amount of your BTC, but well pricewise it is still dependent on the demand in the market. If a fork or a split in chain happen and you have access to the private key of your Bitcoin, all your Bitcoin is safe and if you will run your wallet on both chain, you balance will appear. This mean you have the same amount of Bitcoin from before the fork and after the fork but this time they are on both chain.
i say there is only one key strategy to becoming a millionaire with bitcoin and that is a very simple one:
step one: buy bitcoin as much as you can.
step two: move these coins to a secure cold storage and make enough proper backups.
step three: close bitcointalk, reddit and any other bitcoin related place where random people can register and anonymously spread bullshit.
step four: your mind is now at peace.
step five: in at least a year check price and thank me.
step one: buy bitcoin as much as you can.
step two: move these coins to a secure cold storage and make enough proper backups.
step three: close bitcointalk, reddit and any other bitcoin related place where random people can register and anonymously spread bullshit.
step four: your mind is now at peace.
step five: in at least a year check price and thank me.
Interesting strategy; but buying today about $1000 per coin and after one year if there is a hard fork and a split of the block chain and bitcoin has lost its value or maybe someone is in the wrong side of the chain what will be happen? All about bitcoin's future and price are only rumors and speculation. Everyone has to do his/her own research and decide himself without to be affected by anyone.
Why do you think that will always be so? When bitcoin was worth 1200 people were waiting for what it will cost 1500 and even 2000, and he now is 960. Can still be 50 or even 20. If a person accidentally made a fortune it can also fail. Everything is in the hands of fortune.
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