Topic: What are people doing except holding Bitcoin? (Read 1069 times)

There are many things we can do except holding our coin which had given investors the opportunity to stake what they have and wait when they think they can sell it or use it for something else. We can trade our coins to make extra profits but that depend on if we have skills in trading the crypto market. Trading is not meant for everyone so we just have to stick to what we can do best

This is the rightful time for someone who want to become a billionaire in cryptocurrency to buy a larger amount of coins or bitcoin and hold for 2 years or 1 year and 6 months interval so that when bitcoin enter into bullish market it will make a profit so holding bitcoin is the best investment so far even that is more qualified than trading of Bitcoin

in other words this can only be done for people who have other incomes not relying on profits made from crypto in a short time.  they will continue to buy Bitcoin to be stored for a long time, this is exactly what they do like saving for the future because they are optimistic that Bitcoin will be higher in value.

what people do if they have bitcoin is SILENCE, they prefer to be silent and enjoy the results of the bitcoin itself without being conspicuous / showing off to everyone.
no need lambo, luxury house, for me financial peace is enough for me
but it all comes back to their respective thoughts and lifestyles

I believe that a person who comfortably has Bitcoin can easily dedicate himself to another type of business, perhaps real estate, or forex trading, I have seen many investors and traders diversify their money in gold, and in the speculative markets, this is undoubtedly the The best way to have money, and the best way is to move it, money must be moved, it should not be stagnant, if it stagnates it can lose value, it is always good to keep up with all the market styles that exist and that we can enter, For me, those who have the most bitcoin are very calm and their life is very pleasant, because simply, the person who has Bitcoin believes in technology, knows that the economy is dynamic and of course his strength is constant investment.

A large number of people have moved from low to high levels by holding Bitcoin. Many politicians like governors, senators, presidents,Etc. Politicians have earned massive amounts of income from decentralized currencies and business success as their income.

When the price of bitcoin is very low they hold bitcoins and when the price of bitcoins become high they sell them and that is how they and the politicians are making money which is one of the pundit sirs as income. Their bright future comes only from the decentralized currency and they are very successful in business and now they are accepted by the society as millionaires.

The people that you're describing in your OP is just a few people, don't generalize every bitcoin whale out there, the reason why we see them more often is because they're more outspoken and they're more likely to be seen in social media platforms compared to other bitcoin whales that are far more richer than them and more low key.

this will be done by the holders after they sell at 60k will definitely buy back when btc is below 20k and they wait until the value of btc gives doubled profits, but all need patience if you want to get the maximum

I hope you joked about "cash out" Bitcoin. And he meant to sell some parts for dollars and withdraw them already.


It seems to me that people who are now wealthy thanks to Bitcoin are looking for new investments, just as they were looking for investments in Bitcoin in 2014. That's what I would do.

Go scuba diving, gym, gym bunnies, ride the bike.....

Those who have money need more money. Because the more you invest, the more money you can earn, but there is a type of people who cannot afford to invest. Such a person just wants to be big because if you invest 1000 dollars and dream of 5000 dollars then you can be a big man in the last age. It's sad that you can't enjoy your money and your life will end up waiting.That's why I can say for myself that no one has ever been able to make great videos or become rich with little money. He who has money is rich.

Well, if you have taken advantage of everything that has to do with the benefits of bitcoin, now as we see in the market it is very likely that a new ATH can be given, of course this is something that we do not see so often I learned a little about bitcoin late, around 2017 but I still studied and the country where I am I work full time with animals, and I go to some countries doing vaccination days for cats, dogs, and it is really a very rewarding job because it feels good when you see the animals get better, see that you do them good, and also see the happy face of some people for their animals.

Frankly, the prospect of changing my life always excites me. When I look at myself in the long future, I don't think I can make much money, at least with my current lifestyle. But bitcoin is always an investment that can make you money.

It's not about who holds the most bitcoins in his wallet, as you said, as long as we have some bitcoins in our wallet, we are in good shape and I think is safe to say that we need to put some chunk of our savings into bitcoins or more than that as long we afford to lose it and we're saving it for the future. Because we all know when they finally realize that bitcoins will be the answer to the Bank's restrictions and regulations, people will not leave a single cheap bitcoins in the crypto market. you know what I mean, the price will skyrocket and it will be those who bought early will gonna earn much.

Ever since I got to know or get involved with bitcoin all I feel is peace and freedom in life especially in finance which lasts till now and I really enjoy it, and I haven't achieved what the OP said nor am I interested.
and the most important thing for me is i still have bitcoin and it keeps increasing gradually according to my ability i will buy small quantity every drop, and i will use it if i really need it and use it as needed freely i use it and also peace because I have bitcoins just in case something happens to me or happens with money related issues, and it's real.
and what i think is how i can continue to have bitcoin and gradually increase even though i use it when i need it, because bitcoin will be more useful in the future, for my old age and children in the future.

A cup of coffee and a cigarette in the morning is the best time to imagine what I can do with bitcoin. I'm not rich because of bitcoin, but bitcoin has made my life worthwhile so far - I haven't forgotten that it's a gift from god.

I don't depend on bitcoin for a happy life, bitcoin is just something but I'm so grateful to know bitcoin. The standard of living has started to improve since I learned about bitcoin, but again it is nothing more than a useful medium for financial systems and investment or trading assets. I want to have a lot of bitcoin, but of course I still have a lot of constraints about funds. So I have to be ready for this investment even if it's only a few dollars a month, it should be good for the long term.

There are other holds that are more profitable than btc as what the altcoiners have said. It's based on their experience but for me, as my personal choice of holding bitcoin, it is what has brought me the most profit of holding it and then selling for a few.
The keys that you've mentioned are ways of diversifying. As people hears that strategy and word, they're all thinking to diversify into different altcoins but it's not the only way of doing it, there's the other investments like you said, mainly one of the best is real estate.

I guess long term hodling of bitcoin is still the most basic and probably the most profitable too. One can actually get out from poverty if he is capable of managing his investment in bitcoin. And while most are into long term hodling, others are also diversifying their portfolio through selling some of their bitcoin and use to finance other investments like gold or real estate. That way, multi sources of profits will be more visible in the future.

everyone's happiness is different. those who might already be rich without bitcoin will have it all. Using a lambo and a yacht is just a symbol to show off that they can still afford it. but for those of us who can't afford it, of course it won't be hard to do it. living just enough is already good.

Bitcoin holders or those who have a lot of assets from bitcoin do not all do these activities, there are even bitcoin holders who live simply even though they have millions of dollars in assets. it's just a matter of lifestyle. Everyone's lifestyle is different.

Ironically, you do not actually need to be rich to do 11 out of the 15 things that you mentioned in your list. I highlighted those things in bold letters, just to show you.

Having fun is just living. You do not need a lambo or a big house or a yacht to have fun. I am pretty sure lots of non-rich people can rent a yacht though. Even if just for a few hours. But what a waste of money that would be to most of normal people... A yacht or a lambo is really just a status symbol for showing off. Basically showing off is the one activity people who are not rich cannot afford.

And anyone not eating good food everyday is not really living. They are voluntarily struggling (unless they are very very poor, in that case, its understandable).

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

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.

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.

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.

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.

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?

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?

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.

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.

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.

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. 

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.

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.

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...

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

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.

 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.

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.

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.

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 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.

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.

The people who have urged him to buy bitcoin tell them that this is the investment of his life, and I am not lying to them, just talk to them about how it works and how the world goes in the direction of digital money and they like it when I tell them that they can manage their money as they please, they don't have to go to banks or anything, they can manage the amount they want and they can buy if they want 1 dollar in bitcoin.

The ones that are more difficult are the older people, some of them don't have so much order and they don't know much about computers and they don't use the internet, but for everything there is a solution, I told them that they can buy and keep their bitcoin in a piece of paper that is considered a wallet with your public and private key, I talked to you about trezor and more, I haven't been able to talk to all of them, but what I tell you the most is that the greatest utility you have is how to save.

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.

Not everyone is in a hurry to buy bitcoin, there are rich people who made their fortune in real estate, or something else, and they are not interested in bitcoin, because they have enough money and they know how to increase their fortune without bitcoin. Of course, there are those who are now buying bitcoin and in the future can make a good profit, but if all the rich people wanted to buy bitcoin now, then its price would fly to the moon.

There are many ways that we can do with bitcoin, not just investing and holding, this digital asset can also be used to add to an investment portfolio, bitcoin can also be used as a means of storing value, bitcoin is also similar to buying gold and buying land or gold, to be traded in the future, the difference is that the storage of crypto currency is digital so it needs an electronic wallet to store it.

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.

Not that easy in application, because there are several processes that must be learned before investing in bitcoin. Maybe for those of us who have enough experience it is that easy, but for some people who are just getting into it and just knowing what bitcoin is, of course, they have to learn what to do in investing here.

I completely agree with you. That is why we must be able to manage our finances well and separate money for investment with money for daily needs so that it will not interfere with our financial position. If we can get income every month, we can set aside some to invest in bitcoin and other money to meet our needs. Thus, we can hope that what we invest can provide benefits in the future. Maybe some people can earn from trading cryptocurrencies so that they can make some money and bitcoins at the same time so that they can also make ends meet.

Bitcoin is one of first thing which have bright future because everyone know and also mostly people  rely on Bitcoin investment  because crypto is first thing where you won't need to do any thing just put investment after seeing some analysis ..

Yes, called an investment, it should be considered for the long term, not something that can generate daily income. Bitcoin is a good profitable investment but it would be unwise to just invest in bitcoin without an outside job. We need to have another source of income to spend on daily life and have a plan to spend and invest accordingly. Because investment is not always favorable and always produces profit, so don't expect too much from it. Try to keep your investments separate from your day-to-day expenses, so you don't have to panic or panic when the market is volatile. If you do, you will be in complete control of your game.

I would guess that staking and even gambling would be addition to this right? I mean crypto is not just there to hold and do nothing, if we are talking about bitcoin then we could invest that bitcoin into something else and earn bitcoin returns just like how you would with bitcoin savings account.

Like for example freebitco.in has 4%+ interest rate, which means that if you invest 100k worth of bitcoin then you will earn 4k+ money from it by the end of the year. That's the important aspect of the situation and I agree that it is going to be quite difficult and tough to overlook such income if you are planning on holding bitcoin for the long term.

You are lucky to be able to buy bitcoins with your salary so that you can still invest in bitcoins. But not everyone can be as lucky as you because they have other needs besides investing in bitcoin. But as long as they can match their spending with the remaining money they have to invest in bitcoin, they have the opportunity to make a profit in the future by selling the bitcoin at a high price. That way, they have savings that can be useful for their life in the future.

If you visit the market today, then you will see an increase in the price of Bitcoin and it is still worth mentioning an increase even though Bitcoin is still at the $20K price level, but it is much better than having to stay below $20K for a long time. And what you are doing is actually very appropriate because you don't feel pressured by price fluctuations and market conditions when you use cold money for Bitcoin and keep the money you use everyday for your needs. That is a very good strategy and also you can continue to invest without having such a heavy burden.

Thats when you are referring to a career or being successful in your field of study (i.e Doctor, lawyer, or banker) but when it comes to business, to be very successful, one needs to have the mindset of an entrepreneur, because an entrepreneur is someone who virtualizes a problem and the best possible solutions to such problems in other to create a conducive environment

But you never can judge. Who knows if that 10,000 BTC was the only money he had on him and he desperately needed that pizza to the point of trading it for his BTCs simply because he never knew BTC will be a life-changing asset today, which is why at times its always good to sacrifice our present wants for our future needs

like what I'm doing now, where I work real in the office sector, so even though bitcoin has decreased, I don't feel too panicked about it, because what I use is cold money, in fact I can still buy it with the rest of the salary I receive to invest in bitcoin if decreased again. that's why many people can't control themselves when it's bearish, because they use money for their living needs in investing

Apart from holding bitcoin there are also people who are trading in other cryptocurrencies. Day traders are doing their trading on a daily basis and profiting from the market fluctuations that are going on at the moment. Some  People are also investing in gold business after holding Bitcoin. A lot of people are also trending towards real estate where there are always chances to earn good profits. Since the market has been going down for a long time and  There is quite a bit of ups and downs in the space, which is why people who have held bitcoins are now switching to other different businesses. Because there are many profitable businesses outside of the crypto industry.However, even within the crypto industry there are good, quality, solid projects where the investment can earn more returns than Bitcoin, and people are investing there too.

Actually there is no person who lives only with this crypto currency. Atleast he works in any company or office. Because it is not possible to live only with crypto. We should earn some other way to spend money to live our life. In crypto we just have to be patient when bear market or market goes down when it is time to earn something from our market.It is true that we need to hold bitcoins in our virtual world. Because we can enter the virtual world in the future. Where paper money has no value, the whole world will run with these cripto currency coins. But that's why it's very difficult to get rich quickly from here.

What is called investment is a kind of savings for the future and they are still doing something so they can buy their daily needs. Those who work elsewhere and earn a salary set aside some of their money to invest in bitcoin. It's the kind of investment they've made in the real world. The difference is that bitcoin does not have a physical form like previous investments. While rich people can have whatever they want and if they have bitcoin, they are adding to their wealth list.

I don't think there's a person who only rely on Bitcoin investment without doing anything in their life, at least they're an employee on someone company. For people who're using Bitcoin as store of value, they will work to get money and put most of his money in Bitcoin because fiat value always decrease every year. They would have a business, they would have another investment, they might become an influencer and get many audience for his referral reward etc.

The rich people makes money out of money.
So definitely they have bought sufficient Bitcoins in this bear market.
For these cunning reasons they have become rich. Whereas a normal person will just hold his money, but a rich and cunning person will anyhow try to make more money from Money.
Bitcoins have made this easier for these rich brats and for this now they are leaving their lives more lavishly.

Most people cherish living secret lives like Bitcoin investment because of its anonymous feature. Some are living normal moderate lives and even neighbors, friends and extended family might not even know they are rich. They contribute secretly to charity and to the development of their community. They don't live in a big house or drive the best car even if they can afford them. They just live simple but fulfilled lives. Living a modest life is the best means of not attracting criminals and living a free life without having to move around with security. And Bitcoin gives the opportunity of hiding your wealth from the eyes of the public. 

Although getting rich at the end of one's life is not an experience anyone desire to have, it is not that bad. At least you are far better than almost 90% of the world's population that departs without achieving their aim of becoming rich. Although keeping riches for the next generation is not a guarantee that they would succeed keeping something for them can be a good startup that can aid them to become successful. There was a billionaire in my country that said the greatest regret of his life is becoming rich when he was already old because he now lacks the strength and taste to enjoy his riches. But his children are really doing well with the fortune he left behind.

Most of the points on the list, I agree with. Since the majority of wealthy individuals I know are quite charitable, I believe that something important from the list is missing: wealthy people also donate bitcoin to deserving causes both within and outside of their own society, such as some underdevelopedAfrican community.

It was so-called "satisfaction" - in fact, some people are too greedy and not even satisfied with earning $100 a day but that is their life and they choose to be like that just like investing in Bitcoin or doing something outside crypto. As long as it was legal, it was a good way of earning a profit whether it was small or big because what is important now is we find a way to survive in the current situation as inflation is really affecting us.

You won't believe what rich Bitcoin people are doing besides being rich Bitcoin people!

They are advocating for Bitcoin.
They are writing books about Bitcoin.
They are buying some more Bitcoin.
They are investing in new cryptocurrencies, because why not?
They are risking it all on some weird shit...

It is like not just owning bitcoin but also being an actual businessman and investor in some other assets. That's what it should be and that's the real diversification that one is suggesting to us.

Owning houses for rent and earning from its passive income.

And as you earn from it, you're the one to decide whether you'll reinvest that money or you'll use it for spending in anything as you wish.

Maybe that will be good for us if we want to secure ourselves financially since we don't know what will happen to us if market dumps. But if your crypto earnings can give you huge profit I think much better if you drop your job which eat your time since for sure this one bothers your productivity on your cryptocurrency journey. Much better you use your profit to build a business which can maximize your time, for sure from this it will be more productive to you since you are free man and can ablw to generate money from bitcoin and to your business.

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.

Everyone has a personal life besides crypto life. So we don't know who and what to do except hold Bitcoin in real life. But virtual life should hold Bitcoin and find a way to increase the Bitcoin portfolio. So when again the bull market comes we can get good benefits from there. Likely become rich though crypto isn't quick rich method.

They keep buying coins not because they just wanted to do it but because it's the right way to do to get more profits especially when the market is dipping and to maintain your status whether it's publicly or secretly. Buying and hodling are one of the many proven ways to gain profits in the future and that same profits being made from here on can be used to invest in other things like real estate or other assets to keep your money growing passively before buying lavish things.

Five Important things that What are people doing except holding Bitcoin......

> Unlike other financial instrument, it does not derive value from any asset.

> It is extremely volatile and gets impacted by even some tweets.

> Regulating it is a very difficult thing and therefore most countries are not ready to accept it.

> Unlike other financial instruments, where you can seek redressal from authority for any loss, you can't go for crypto.

> If one takes India into consideration, RBI has refused to accept this as a legal tender and RBI is bringing a bill to ban it.

That's also possible as bitcoin can be used to finance in casinos and change it to fiat. But if you're into crypto gambling then there's no need to convert it to fiat. However, bitcoin can be a good retirement gift since its value will definitely grow in time. Or bitcoin can be used simply as an investment for long term hodling since that will also ensure large profits ahead.

Cant really be avoided on sometimes that we are being shackled out by negativity and would pondering about those reality in life but its true that we should not really make ourselves
been affected by these things yet this would be the reason that it would really make us stop on doing things that we do or stop on thriving for the best.
Dont let these emotions would control you or stop on the things that you do tend to achieve.Instead other people hold up bitcoin they do jump into other venture
and this is where they do consider out on investing with altcoins.

I am sure that those lists are only some that may happen probably and may not also happen in somebody else.
WHat makes an investment in Bitcoin important to some people moreover to rich people is not for those things. They prefer to invest in Bitcoin because they want to put their money into a certain worthy assets for the future. The mindset of rich people is not doing those lists only, their mindset is more to the future investment that will give them not only profits but also the trust of worthy investment, worthy assets, and also the power. If they only want to build some house and others like in the lists, they may have had it far away before investing in Bitcoin

The most common way to make profits in bitcoin is through long term hodling. However, some people also prefer to use their bitcoins to finance into other investments like stocks or bonds, or use it to build a real-life business that will also capable to generate an income consistently. And yes, others also gamble it like crypto gambling since it has also potentials for huge returns.

The only thing that the majority of us in crypto knows is to buy and hodl bitcoin that's all. The other sole purpose of it is not on our agenda. I think that is not the main reason for Satoshi creating bitcoin. There is more to bitcoin than hodl. You can store your assets in bitcoin.

Truly bitcoin has helped many to be millions, just by hodl and selling it when the price skyrocketed. The strategy of buying low and selling high

Personally, I treat my BTCs as an investment that I can always convert to cash whenever I need it or if the situation calls for such desperation. BTCs are too precious to be converted to cash due to their inflationary nature. Given that only a limited number of BTCs are in circulation, you can definitely expect that its price will continue to increase as time passes by.

I envisioned that my BTCs will work as if I own a business- where money moves daily (increase/decrease) without the need of doing anything in particular.

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 are already wealthy from birth, those birthed with a silver spoon. The saddest of them all is those who will climb the lather from the bottom to the top, only to realise that they are on the wrong wall - Jfk .
The life is a mystery

if it were me, in addition to continuing to buy bitcoin and potential altcoins as prices continue to fall, i would also start diversifying my portfolio with real estate, this is considered the safest investment channel and can bring huge profits, rich people want to own a lot of real estates

rich people tend to invest in many different areas to optimize their income, they will not be in the habit of stopping when they make more money as we often think, after earning money they will travel and enjoy life. but no, humans won't stop there

Many? You forget that many of those who became richer were already wealthy. Some people have really managed to get rich, but these are those who have been in bitcoin from the very beginning and knew how to hold it properly. 
What about ordinary people? A lot of them? Those who have something and where to invest always get richer. 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.

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.

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