What are people doing except holding Bitcoin? - page 2.

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Quote from: wagmi on September 04, 2022, 12:50:22 PM

But what are rich Bitcoin people and aspiring rich Bitcoin people doing else except Bitcoin?
Let’s collect some facts!

- Owning a large house and a pool
- Large glass front in direction of your pool
- Watering your large garden extensively
- Your garden is always in top style
- Living in a mediterranean climate zone (or similar warm areas, like California (or Florida))
- If you don’t own a large house and a pool, you are living on a rooftop (including a pool)
- Advocating for a free market
- Owning an American Flag (‘Murica!) and supporting it
- Good dining every week
- Lambooo
- Your car has a HODL! plate
- Owning a separate room for observing Bitcoin (TA)
- Owning multiple large screens to observe Bitcoin
- Owning or renting a yacht
- Posting Memes on WO
…

Some facts are only applying to rich people and not aspiring people.

Point of correction, these are no facts, and can't be used as facts as what rich people in Bitcoin does. They are just things an ordinary millionaire or billionaire does, which makes it no special. But one big difference between the rich and the poor is investment, and non of these has anything to do with investment, because while the rich thinks about investment for the future, poor men think about now and today only, which is why they never go any further in life. So once again, these are in no way facts what rich people in Bitcoin does

Captain Corporate

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I said it a million times and I will say it another million times, guys you do not have to do anything with it. Just realize that you are doing fine and you shouldn't really focus on doing something. Just make sure that its doing fine by holding it and long term holding will make you rich, just keep on holding as long as possible and you should be fine. I am not saying don't do anything else with it, all I am saying is that you do not have to, which means that people who are fine with holding and getting rich long term could do that and they shouldn't feel obligated to do anything else with it.

isaac_clarke22

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Quote from: Kakmakr on September 13, 2022, 01:28:55 AM

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Dang what year was that? As far as I know that is surely pre-2017 year when I first got my first Bitcoin and surely many could have bought it at that date already or even earlier. I was having some sort of regret in the past when I did not really get into Bitcoin earlier.
I am curious though, was it worth it when you sold it at 1k? Surely it was hella worth it in 18k and 40k.
Good thing you are not one of those people that quit their jobs just to go full-time in Bitcoin. You still have that financial cushion in case Bitcoin goes the other way.

hd49728

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Quote from: CryptoBuds on September 14, 2022, 06:21:37 AM

Yes, the future is unpredictable and everything is always a risk, so diversifying your portfolio is a good idea. In addition to startup ideas, you can also invest in other fields such as gold, real estate. Personally, I really like real estate for me it is a non-volatile but sometimes profitable asset, it can be said that its return can be greater than gold.

Diversifying is not always good. If you are good with research you can filter projects and pick good ones for your portfolio. It is a good diversification but if you are not good with research and choose projects based on reviews of others, it is bad diversification. Because you can diversify your portfolio with scam projects.

Quote

Currently, I am still accumulating more bitcoins for myself and I will only sell when I reach my goal, after selling bitcoin I will definitely deduct some to start with real estate.

Good time to accumulate more Bitcoin when market price is under realized price. You are good by accumulation but next step is more important. You must be disciplined and patient enough to hold your Bitcoin and wait for next halvings. Price of Bitcoin so far makes new all time high with each new halving and you can take profit with eacb halving too.

Inwestour

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Quote from: Kakmakr on September 13, 2022, 01:28:55 AM

So, I bought bitcoins when it was just over $300 per coin.... and I sold some of those coins when the price reached $1000 and then again at $18000 and then again at $40 000. It gave me a good boost, because I could use that money to pay off some of my debt and also to pay for things that I needed.

Now, I still have a full-time job... and lots of expenses that needs to be paid, but it is much less than the debt that I had. I can actually breath now.... and enjoy life more than when I was just a little mouse in the debt wheel. Wink

Debt is not easy when there is some kind of constant pressure and it is really very tiring. It's good that you managed to get rid of it. I see that you managed to earn not very much on investments in bitcoin, only x2-x3, probably if you bought bitcoin at $ 300 per coin and sold it to the price of 40k, you could pay off your debts and you would still have a good funds, right?

KaliLinux

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Quote from: ChiBitCTy on September 12, 2022, 07:27:55 PM

Lol what? Rich people are the ones who are working their asses off and are saving their money. Some of the richest people I know are those who'd you'd never expect it from. Most rich people don't do any of these things you've listed out or perhaps do but in a limited fashion outside of working their butts off and savings. Most of the people I know with bitcoin are simply owning and purchasing it along with other types of investment assets.

I actually agree with you. I think OP is mixing between the categories of rich people from what celebrities do and what other working or investment rich people do but this is not to say that some crypto or Bitcoin investors might not live those lives but I believe that is more of the celebrity's lifestyle. How many of the Bitcoin heavyweights have we really seen on that lifestyle?

CryptoBuds

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Quote from: Gallar on September 12, 2022, 09:12:29 PM

what I will do is sell half of my assets in the form of crypto (bitcoin), to start another business because I don't think I have a business from one branch just in case. so it would be better if crypto(bitcoin) and other business side by side, because each has advantages and disadvantages.

Yes, the future is unpredictable and everything is always a risk, so diversifying your portfolio is a good idea. In addition to startup ideas, you can also invest in other fields such as gold, real estate. Personally, I really like real estate for me it is a non-volatile but sometimes profitable asset, it can be said that its return can be greater than gold.
Currently, I am still accumulating more bitcoins for myself and I will only sell when I reach my goal, after selling bitcoin I will definitely deduct some to start with real estate.

Jeger.Kiting

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Quote from: tomos81 on September 12, 2022, 07:55:05 PM

I myself invested in bitcoins but suffered huge losses from there. I made a lot of profit earlier and therefore reinvested a few days ago. But this time I faced huge losses. But if the price of bitcoin increases again we can profit again but hopefully the price of bitcoin will definitely increase.

Don't worry about the Bitcoin price drop right now, because bitcoin is in a correction phase right now, so if you really invest in Bitcoin and hold the Bitcoin you have, I'm sure you'll make a profit in the future, but if you panic too much to sell with the current situation I'm sure you will regret later.

lixer

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Quote from: Kakmakr on September 13, 2022, 01:28:55 AM

So, I bought bitcoins when it was just over $300 per coin.... and I sold some of those coins when the price reached $1000 and then again at $18000 and then again at $40 000. It gave me a good boost, because I could use that money to pay off some of my debt and also to pay for things that I needed.

Now, I still have a full-time job... and lots of expenses that needs to be paid, but it is much less than the debt that I had. I can actually breath now.... and enjoy life more than when I was just a little mouse in the debt wheel. Wink

Exactly what I did, didn't sell when it was 40k but I sold it back in 2017 when it was 20k and before those times as well. I got into it way before, but I started earning some when it was a grand each, and then I sold it at 3-5-10-12-20 levels and paid all my debts. I have small debts right now, nothing huge enough to keep me awake at night, but if I didn't do that at the time then I would have been financially terrible.

I always say this to people, I am not worried about the price or how I missed out, I bought back in when it reached 6k levels back in the day and I have been buying and holding more and more since then, so I learned something and I am grateful about it.

Kakmakr

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So, I bought bitcoins when it was just over $300 per coin.... and I sold some of those coins when the price reached $1000 and then again at $18000 and then again at $40 000. It gave me a good boost, because I could use that money to pay off some of my debt and also to pay for things that I needed.

Now, I still have a full-time job... and lots of expenses that needs to be paid, but it is much less than the debt that I had. I can actually breath now.... and enjoy life more than when I was just a little mouse in the debt wheel. Wink

kamvreto

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Quote from: samuraijin on September 12, 2022, 11:25:18 PM

Quote from: awik p on September 12, 2022, 03:37:52 AM

investment is to include capital into an asset with a long period of possibility to get a profit, if it comes sooner than expected, then this is our luck. especially for investors who are already professional, they invest a lot of capital in coins if it is safe and the money can grow, although the percentage increase is not much, but with large capital, the profit obtained is also large.

It is true that with large funds we will get big profits, it is true, but we must also remember that with large funds, we will experience big losses, in contrast to using short-term trading or what is called taking small profits, Of course, the profits that can be obtained will also be decent, even though playing in the short term, even though it is not how much profit you get, at least we keep the price from dropping, if we are careless or lustful, we will certainly experience big losses, because with our limited capital big.

each have their own risks. large or small funds will provide some risks and benefits. using the scalping method will indeed be more effective by using large funds because it will be done quickly by taking a little profit but continuously. and that must be maintained not to panic and because speed and psychological state will be needed.

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Quote from: awik p on September 12, 2022, 03:37:52 AM

Quote from: Bobrox on September 11, 2022, 12:29:20 PM

Quote from: coinerer on September 11, 2022, 09:32:11 AM

Some investors always think to take a quick profit. That's why they don't get success in bitcoin investment. There are also some investors who have little money but high expectations and are not motivated to invest in Bitcoin. However, experienced investors are not willing to take risks on any coin other than Bitcoin. It is true that investing in Bitcoin may take a long time to get returns or may be a long term investment but it is the best investment.

Less risk try to get higher return is in some investor minds, they try with quick way how to be richest person when investing in bitcoin but use small investment fund, looks funning because every day we got many people have bigger expectation when investing assets in bitcoin. Fact many people have been rich and get much profit when investing with bitcoin, but not have easy process and quick way how to get profit when investing in bitcoin.

Some investors need several years later for getting profit from bitcoin but how the change several investor minds with lower budget and try to earn much profit with bitcoin and they think bitcoin can be richest quickly. I think need to change with some investor mind about bitcoin need time and process how to earn much profit.

investment is to include capital into an asset with a long period of possibility to get a profit, if it comes sooner than expected, then this is our luck. especially for investors who are already professional, they invest a lot of capital in coins if it is safe and the money can grow, although the percentage increase is not much, but with large capital, the profit obtained is also large.

It is true that with large funds we will get big profits, it is true, but we must also remember that with large funds, we will experience big losses, in contrast to using short-term trading or what is called taking small profits, Of course, the profits that can be obtained will also be decent, even though playing in the short term, even though it is not how much profit you get, at least we keep the price from dropping, if we are careless or lustful, we will certainly experience big losses, because with our limited capital big.

famososMuertos

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LE ☮︎ Halving es la purga

It is a preconceived idea for many, bitcoin is wealth!, others just hodl or any other presumption, in reality many of us are up to date with bitcoin, putting a little of everything, hodl in our limit, we buy things in our possibilities, making deposits in a casino, trading, etc. that is, moving bitcoin in every way.

Anyway, even in its premises that sometimes seem utopian, you have to support or follow regardless of the level of status you have in holding bitcoin.

There are people doing a lot of things definitely...

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Quote from: Gallar on September 12, 2022, 09:12:29 PM

what I will do is sell half of my assets in the form of crypto (bitcoin), to start another business because I don't think I have a business from one branch just in case. so it would be better if crypto(bitcoin) and other business side by side, because each has advantages and disadvantages.

practicality ? this is correct because we must have both income sharing , from crypto to real asset in which Fiat and businesses but of course try to put bigger amount in bitcoin than in real business because there is a big opportunity of doubling or multiplying your funds inside crypto in due time than in other area of profiteering.

Quote from: tomos81 on September 12, 2022, 07:55:05 PM

I myself invested in bitcoins but suffered huge losses from there. I made a lot of profit earlier and therefore reinvested a few days ago. But this time I faced huge losses. But if the price of bitcoin increases again we can profit again but hopefully the price of bitcoin will definitely increase.

I am sure you are greedy person in which you keep seeking for high price and the dumping happens?

Gallar

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what I will do is sell half of my assets in the form of crypto (bitcoin), to start another business because I don't think I have a business from one branch just in case. so it would be better if crypto(bitcoin) and other business side by side, because each has advantages and disadvantages.

tomos81

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I myself invested in bitcoins but suffered huge losses from there. I made a lot of profit earlier and therefore reinvested a few days ago. But this time I faced huge losses. But if the price of bitcoin increases again we can profit again but hopefully the price of bitcoin will definitely increase.

Duzter

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Rich people always look to multiply their holdings and find a way to secure it. This is why we can see most of the rich make money out of cryptocurrency and diversify it away from cryptocurrency. This is also a better way, thinking about the volatility of the market. According to me, the cryptomarket is young and what we invest now will surely gonna turn big in the future. Believe in it and invest.

Fatunad

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Quote from: ChiBitCTy on September 12, 2022, 07:27:55 PM

Lol what? Rich people are the ones who are working their asses off and are saving their money. Some of the richest people I know are those who'd you'd never expect it from. Most rich people don't do any of these things you've listed out or perhaps do but in a limited fashion outside of working their butts off and savings. Most of the people I know with bitcoin are simply owning and purchasing it along with other types of investment assets.

With just common sense where those rich people been doing then it is understandable that they would really be accumulating and owning different assets and investments as much as they could.Its true that
they do work hard for that and its just deserving that they do reach out those kind of position where they are on that condition where money wont really be that a problem.Investing with Bitcoin? who knows
if they do accumulate or not but for sure it wont really be the main focus.Speaking about people been doing will really be definitely be varying with your financial condition which whether you would
taking up such decision or would just simply doing no action at all.

ChiBitCTy

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Lol what? Rich people are the ones who are working their asses off and are saving their money. Some of the richest people I know are those who'd you'd never expect it from. Most rich people don't do any of these things you've listed out or perhaps do but in a limited fashion outside of working their butts off and savings. Most of the people I know with bitcoin are simply owning and purchasing it along with other types of investment assets.

jesselui

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I would never give up on bitcoin if it were me. Many people's lives have changed and they have become super rich. Bitcoin would be everywhere in my life if I was one of those people. I would buy a nice house and a car and continue my investments.

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