Want to Be a Millionaire? Two Main Rules of Bitcoin Investing - page 4.

Xenophoto

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Quote from: BrewMaster on March 26, 2017, 10:50:10 AM

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.

About your step 3, then where do you suggest OP get news about bitcoin? Google? AFAIK even blog sites can anonymously spread BS. I go to reddit once in a while and then read the comment first just so I know if it's legit or not. And I know that the comments can be faked as well but at what point in life will you create multiple reddit accounts just to post anonymously and then comment on your own post with a different dummy account.

I'd say obvious BS is obvious is all.

I will not suggest once a year of checking the price because a lot of things happen on the Internet. Given that anyone can dump or pump the price of bitcoin, it will be good if you check it every now and then. Like, every weekend when you are bored or have nothing to do. It takes about 30 minutes to check the chart and check the latest news about bitcoin. That's not too much time if you want to be a millionaire, right? Cheesy

BrewMaster

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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.

lordquanta

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It is indeed rather gold-digger attitude towards bitcoin success. Bitcoin has seen worst times and negativity, but bitcoin has recovered and rose like phoenix. There are many coins/currencies which failed to make any mark.

OmegaStarScream

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Quote from: jacaf01 on March 25, 2017, 04:19:14 PM

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.

Lorik

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Quote from: thepo1m on March 26, 2017, 08:37:07 AM

What I do is ICO flipping, invest in a solid project and flip your profit into another good project, it is easy to achieve 5-10X returns from ICO investment if the project has a solid team

You probably have been in this business for a long time and you know who you can work with and who you can trust to invest and earn well. In my case, it is very difficult even with the signatures of companies to work because of the lack of necessary knowledge.

thepo1m

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What I do is ICO flipping, invest in a solid project and flip your profit into another good project, it is easy to achieve 5-10X returns from ICO investment if the project has a solid team

J Gambler

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Investment didn't make us rich it always on the jackpot when i hit the jackpot probably i will beocme rich that fast like in lotto i do risk there everytime i bet and i always keep my numbers always believing that i can really make it. There are good articles from internet nowadays but how if that investment make you poor? Beucase your looking for it possitive side not a negative side.

zimmah

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Quote from: Wendigo on January 01, 2017, 02:51:02 AM

Wow what a load of crap! 2 main rules of Bitcoin investing - given examples of an early adopter, the guy who bought the 10k coins pizza and a couple of bullshit long-shot speculators giving 'estimations'. Wow Grin

I want to shake the hand of the person who wrote this.

yeah, they call everything an article nowadays.

I have seen forum posts that are more worthy of being called an article.

jhenfelipe

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If that two main rules of bitcoin investing could make a person to be a millionare and are applicable anytime, then people read about that should have been a millionare. I don't think it's that easy and time had passed already, it's now 2017.

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Quote from: pooya87 on March 25, 2017, 11:39:19 PM

bitcoin is all potential and that potential is growing each day. and that potential means a much higher price in the future.
i never like saying things like "be a millionaire" when it comes to bitcoin but i have to admit that i have made a lot of profit when looking back and it has only been 2 or 3 years since i have started with bitcoin! and that is not even factoring in the profit i have made dumping altcoins to get more bitcoin.

looking back when price still @ 400$ and news saying that it will be much bigger in coming years we all witness that reality that's why we still here and continue to work with our investment, as we learn more on possibility inside crypto industry i know by heart that making decent earnings coming from bitcoin holdings will allow us to be more stable in our future.

Yanisumin

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Quote from: ekoice on March 26, 2017, 01:51:27 AM

They are early birds.Thats why they have reaped such benefits.Since Bitcoin is now known to all,every one is interested to buy bitcoins.It is not the case in early stage of bitcoin.Early investors had kept faith in bitcoins and they had taken risk even its a small amount and thats why they have such huge benefits today.

Yup that is the time where Bitcoin is just being introduced into the world. Investing Bitcoin in that time is a crucial situation. You won't even know if it will grow. That's what risk is about. I bet even me that time will have a doubt buying that unknown thing.

There is no reason to envy that guys, because I think they deserved it, they are the one who hold Bitcoin till now and believe in its potential. Without these early birds, Bitcoin will not reach its price today, without these guys bitcoins price will remain low.

Jemzx00

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Quote from: ekoice on March 26, 2017, 01:51:27 AM

They are early birds.Thats why they have reaped such benefits.Since Bitcoin is now known to all,every one is interested to buy bitcoins.It is not the case in early stage of bitcoin.Early investors had kept faith in bitcoins and they had taken risk even its a small amount and thats why they have such huge benefits today.

They are early birds indeed. The benefit of being updated to such a thing makes them filthy rich at the current day. Bitcoin is just any altcoin here that has been created but the only difference is that bitcoin last longer than any of those coins. And now, it's popularity makes its price go high.

Hydrogen

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There are opportunities accessible to the average person to become a millionaire, other than relying on bitcoin or being a crypto early adopter. There are always lots of opportunities, even if they're not easy to see.

One might say, its good to look at investments outside of bitcoin, sometimes. The future of btc with bitcoin unlimited's hard fork probably means the price of btc won't gain much in the near future.

If bitcoin unlimited died, I could see the price of btc definitely shooting up, though.

gabmen

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Quote from: Luno on March 25, 2017, 02:13:28 PM

Quote from: sandor111 on March 25, 2017, 01:55:25 PM

Quote from: bravehearth0319 on March 25, 2017, 10:57:20 AM

Quote from: OmegaStarScream on January 01, 2017, 01:31:54 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

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.

We cannot give only 2 rules to become millionare not in btc but anywhere. you have to take lot of steps and you have to use your time much effectively then only you can earn in millions. But best things what one can do here in btc is trading which requires good knowledge of btc world, do some freelance project which will give the regular income and you can enhance your skill.

if you want to earn more in the btc, try to learn as much about btc, do trading, if you are having good resource then go for mining where you will create you own money not so easy, to become a millionaire you must take these steps. otherwise if you want to play safe then invest as much on bitcoin, do trading which is not much riskier than the mining but it requires lot of knowledge of btc, for sure you will learn the things fast the way you explore here.

Yeah, though it's shooting for the stars if we are to be millinnaires, itnis possible. For me tradingnis the best way to hit that but it will definitely take a lot of time, effort and a bit of luck but definitely you will be earning money. Its nit that bad to aim higher so even though we don't get to be millionnaires in the long run, we eould have earned more money than can considerable make our lives better

equator

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Quote from: OmegaStarScream on January 01, 2017, 01:31:54 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

It is true that if you can see the potential of any cryptocurrency and believe in it then even small amount which you may consider as dead can reap you amazing profit, like what OP has given example when bitcoin value was only in single digit and that time who ever invested atleast 25$ is now a millionaire. So even today their are so many altcoins whose potential are high and in long term you can become rich when their projects are booming it.

ekoice

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They are early birds.Thats why they have reaped such benefits.Since Bitcoin is now known to all,every one is interested to buy bitcoins.It is not the case in early stage of bitcoin.Early investors had kept faith in bitcoins and they had taken risk even its a small amount and thats why they have such huge benefits today.

mrcash02

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And I believe the story will repeat. The big holders will make a nice profit on the future when Bitcoin hits amazing prices. The number of people using Bitcoin at this moment is low, if we discount the greedy and fool people unable to hold Bitcoins, wasting money in ponzies everytime, we will have a restrict group. This group can make wealth only by holding Bitcoin for some years, the riches of future.

TastyChillySauce00

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Quote from: jacaf01 on March 25, 2017, 04:19:14 PM

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

Good fortunes those early birds have got, but, it's no use murmuring about the profit we could get nowadays, even if it's just only 10x which is far below what those early birds get but it's still a profit and worth a try.
If you're still expecting that kind of fortune to come up for you, why don't you try those newly developed altcoins then?

Marma Kalari

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Quote from: jacaf01 on March 25, 2017, 04:19:14 PM

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

That is the reality of the situation ,people who adapted bitcoin in the beginning made a fortune and it is not possible to make that fortune from this situation,you have to look elsewhere to make that kind of fortune.Even with $10 k your profit is just minimal if you compare with the initial adapters but still it is a huge margin.

pooya87

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bitcoin is all potential and that potential is growing each day. and that potential means a much higher price in the future.
i never like saying things like "be a millionaire" when it comes to bitcoin but i have to admit that i have made a lot of profit when looking back and it has only been 2 or 3 years since i have started with bitcoin! and that is not even factoring in the profit i have made dumping altcoins to get more bitcoin.

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