Topic: What are people doing except holding Bitcoin? - page 5. (Read 1069 times)

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?

Gambling and Futures trading is what Bitcoin millionaires usually do with there earned fortune. I knew a lot of whale gamblers that get there money by just being an early holders of Bitcoin. Same with the futures trading as they are posting there experience on social media. This rich people already do the basic such as buying things the day Bitcoin starts to boom it’s price. I believe most of the Bitcoin millionaires is already doing things that will make there holdings grow more such as gambling and trading aside from there separated Bitcoin dedicated for holding.

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

People who are already rich in Bitcoin, don't do much anymore other than enjoy the time, as you know gambling is one of the most popular ways to have some fun, and since one does not necessarily need to play the games for winning and making profits from it, the Bitcoin big bags can decide to play gambling games all day round without having to do any other thing.


And also some Bitcoin big wings do future trading, just opening up positions to predict the price of Bitcoin by watching the Bitcoin chart and making some predictions without pressure to make profits but just for fun and testing their ability to predict the future of Bitcoin price.

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.

You must be very lucky when the price of 1 BTC in your country is even 100% higher than in the rest of the world


I don't know why you think Bitcoin is in any way more accepted in the US (especially California) than it is in Europe or some other parts of the world? The US is not very friendly when it comes to taxes on crypto, and some countries in the EU have 0% tax, you can sell crypto even without KYC and buy almost anything you can imagine.


I didn't know the people who do that in WO are rich, or they aspire to become rich by posting memes on forums. It always seemed to me that most people do it for fun, except for those few trolls who fish for merits.

I don't know what other people are doing while holding? What's the purpose of this thread? Are we supposed to say what we do or what we think people do? I don't think much about other people. For me bitcoin is a store of value with a big chance of making me rich in the next 5-10 years. If it doesn't happen it will at least retain value and give me more than I'd ever get from a bank.
I'm already up at least 20x on my investment even in this bear market. I don't need a lambo or anything like that. These cars are a waste of money.

True. Rich people also gamble with their bitcoins because it’s now the trend these days if you are playing in crypto casinos online. So aside from investment, bitcoin too is also profitable when used in gambling. But knowing that bitcoin value will still go far and has the chances to make it to its all time high, then I prefer to hold bitcoin and benefit huge profits in the future.

Probably still holding bitcoin and other assets, while doing things that rich people does. Bitcoin allowed them to do so in the first place, and sure enough that's what they will be doing. Some may still be trading because they still want to be closely involved in the space, although of course the end goal is to get more bitcoin in the end and add it to their stack.

If I actually got lucky and see myself sitting on a nice pile of bitcoins, perhaps I'd also just hold it for long and just enjoy life, just like what some of these people are doing right now.

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.

As a user, we cannot say it all what we engage doing aside holding bitcoin, we jave activities in their thousands in which we can try to facilitate it use to get us busy and in bringing in some little earnings adide our bitcoin investment, but despite these, sone still strictly engage and maintain themselves only with bitcoin, but got diversified on different aspects on the bitcoin network, but either of the ways, as long as the end result is yielding something beneficial then i see it worth doing the more.

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.

they will probably buy it back after selling it above $60k and I know they will wait for the price below $20k to buy it back, usually people who are long in bitcoin and hold it are not that easily lulled by their wealth throwing their money away, of course they will spin the money them to multiply profits

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

You are right, Bitcoin can be a real game changer for everyone.
But to be successful, we can also be normal, private citizens and don't need to be enterpreneurs. Some very early HODLers are private citizens, like Lazlo but he should have kept a few of his Bitcoins, when he purchased his Pizza.
It's unfortunate for him but he was an early Bitcoiner. 

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.

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