Topic: What are people doing except holding Bitcoin? - page 4. (Read 1069 times)

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

Words on marble. Lovesmayfamilis got me here...I literally read this more than 5 times and got emotional, no I got sad maybe I was poked by reality.
It is indeed sad that some will have to struggle throughout their lives, takes risks, make investments and not knowing that they will become rich only at the end of their lives. 

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

Surely, my list isn’t complete. You can always add a comment and present more facts.
Have fun getting rich!

For sure there are several ways to earn profit from different kind of investments possible. Not all people are into this "crypto craze" kind of investment, especially to those older generations. They would be more into stock market( not to generalize). Also in this industry, there are many ways to diversify your assets such as thru gambling (not really advisable), trading (as you've mentioned), staking, and the likes.The only goal is to earn profit. I even have a friend who functions as an 'exchanger' thru p2p to earn, I think he earns from his 'fees' or additional charges he puts in transactions. Small or huge movement; that won't matter as long as you are happy with what you are doing while earning ofcourse.

Of course, we can't rely on trading and investing in Bitcoin only. There is no guarantee to take profits in both trading and investing, we should have a job in real life to fulfill daily or monthly needs. Sometimes we fail to get profits in trading, while we must wait for several months or even years to earn profits in crypto investment. If we have no regular income from a job in real life, how do we fulfill our daily necessities? Don't forget to think about this matter.

Definetly the only way to hold and be at peace is to have another sources of income and not to depend solely on trading, because bitcoin is gradual process and its the future. So let's trust the process

Also the rich keep buying even when price keeps dipping. Those who took advantage of Bitcoin prices from 2010 till 2014 don't need to do much to stay rich all the need do is hold and invest in other start up projects that has good proposals and a very clear white paper. Real estate and Agriculture can also be another good point to channel some profit made from holding Bitcoin

Bitcoin is very famous already and Bitcoin gained so much in value (for example Bitcoin was around 250$ in 2014 and is now (2022) at 40,000$).
As a result, many people are rich from Bitcoin now and some are rich enough to cash out a bit (like USA where it’s very common to cash out Bitcoin because Bitcoin is adopted, especially in California).
Being and getting rich from Bitcoin is not a self-fulfilling prophecy and people need to work hard for it: HODL
In gratitude for it, we can see common patterns.
Very likely, Bitcoin will continue to be a formidable store of value like Gold and Bitcoin will deliever a good competition against Gold as a store of value.

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.

Surely, my list isn’t complete. You can always add a comment and present more facts.
Have fun getting rich!

wagmi
 

There's one you didn't add about what people are doing with bitcoins asides just hodling, people who gamble online on casinos that do no have a direct funding option via their fiat bank account, fund their account via crypto using their bitcoins to fund their online casino accounts so they can continue gambling there.

What is making you sad? Life is not balanced so we just have to accept it the way it comes because we might not get what we want at a particular time but with more effort things might latter works for us at the end of the day which we not need to stress ourselves on pondering on things that may give us a bad motives about live. Consistent working and adm smart work will bring the right spirit to us to reverse negatives.

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

Others might have to re-invest their bitcoin profits elsewhere like stocks or real state, sort of diversify your portfolio. WO thread as one of it's kind in this community, maybe some of them are rich already and just continue to accumulate bitcoin overcome. Someone mentioned gambling, yeah, a lot of crypto based online gambling are popping because they know it's a multi billion dollar business and regardless of the market sentiments, crypto gamblers will continue to gamble.

There are also traders to wherever exchange they preferred to trade. Could be anywhere and they're actively trading top coin.
I was a day trader back in the days around year 2018-2019, although not rich like the OP mentioned, I can relate to some points in here aside from just "holding a Bitcoin".

In the harsh side, there could have been possibly a holder of Bitcoin that got locked out of their wallet as they did not remember their private key along with their password. I can hear the regrets.

Others who hope to get rich by investing $500 or $5,000 forget that they don't get any younger year by year. By investing all their money in investments and expecting a profit, many do not understand that their whole life passes by them, and they may become rich only at the end of their lives. 
It's a little sad.

Also the rich keep buying even when price keeps dipping. Those who took advantage of Bitcoin prices from 2010 till 2014 don't need to do much to stay rich all the need do is hold and invest in other start up projects that has good proposals and a very clear white paper. Real estate and Agriculture can also be another good point to channel some profit made from holding Bitcoin

Yes, some became successful in their businesses, so that people in the societies will know how good and favourable decentralized currency is to humanity. Many people became a potential politicians through the help of Bitcoin because they sell at the right time to make a good income, and buy when the price is low in the market to prepare for a brighter futur. Many became presidents, governors and senators through the help of decentralized currency they embraced some years ago in the community. Many own estates to become a millionaire in the environment through Bitcoin investment and to attract other people in the community to have more interest on Bitcoin investment.

Might some of these holders use their extra money to do trading while waiting for the perfect time to sell? Some might just do other business and leave the market for a while in order to have some peace of mind. And in this way, we prevent having stressful life while looking at the market chart declines. So, instead of checking the market daily, why not make ourselves busy with other stuff and enjoyed life?