Topic: What is your plan to get rich with Bitcoin? - page 103. (Read 265836 times)

Im planning to start a business to help my life to be stable and i also want to promote bitcoin in my area because i think we are few using bitcoin here and i want to build big community to help the other wanting to be rich also.

I think that my point is a bit different than what you are suggesting.

I am suggesting to start trading in small amounts, not because I would be worried about losing the whole thing because gambling is no way what I am suggesting to attempt.  I am suggesting that you can learn better with smaller amounts, and there is not as much pressure regarding leaving some of those small amounts on the table.  For example, the strategy is to stack up buying on the way down and selling on the way up... but sometimes the price is going to run in one direction or another or both much quicker and much further than you expect, and if you are playing with smaller amounts it is much easier to budget and not to run out of either dollars or BTC... but you gotta continue to tweak and to monitor and to plan and to learn by strategies that you employ.

In this regard, you do not bet all or nothing.. you bet with stacking and you don't give a shit if the price keeps going in one direction as long as you budget for such price movements in either direction.  So let's say for example, you only have $1000 and about 10 BTC.  If the price keeps going down, you may only feel comfortable buying less than $50 at a time and in $10 increments in order that you do not run out of money, if the price were to drop a couple hundred.  Also, as the price goes up, you may only want to sell up to $50 max, per every $10 the price goes up because that would be selling half of the profits (because with 10BTC, you have $10 profits for every $1 the price goes up, and $100 profits for every $10 the price goes up).  Anyhow, you can play around with your trading allocations in order that you are not gambling but you are still accumulating and protecting your portfolio by selling small amounts at comfortable intervals.

Using bitcoin just an investment like buying it and just keeping holding and doing nothing, i think it won't make you rich in a faster way because you need a lot of time and patience on waiting for the price to rise at least double from your purchased price to be able to say that you earn good amount of money.

It's better if you use your bitcoin now to try other ways of earning money like trading because it's much safer than investing on HYIPs or other scam sites but be careful and study first before you try that .

Yes maybe it can run the business as if it was successful here and will certainly be rich. But maybe if you want rich in bitcoin we can create websites such as gambling or trade. I'm sure many people are interested and can get a lot of advantages.

In my opinion using the bitcoin as an investment is the best plan to get rich.

I will help those new ones in bitcoin by giving them a starter kit

Doesn't sound like a bad idea. But I'd prefer doing something more actively rather than cold storing btcs, I'd rather buy that amount and then trade them daily on some online exchange.
For those of you who wanna make money a little quicker, buy some btc before the halving and sell in October.
You'll thank me.

100 btc are very few compared to my needs. So must be at least 500 and with price 10k. Better if goes 1000 btc. I see difficult to achieve this target but I am working to arrive what I can do. I have two daughters to take care and then my retirement.

waiting for a few amounts of bitcoin to go up then hopefully buy a established business. i tried to lend my loans to members over on this website and no one seems to apply. I hope someone can come up with innovative ways on increasing bitcoins

I have simple plan with Bitcoin to get rich at start I bought some BTC and invested them in other Altcoin and sold those at 10X profit and simply got of those Bitcoin back. I have more than 10 Bitcoins now which I made this way. I am keep doing this and easy by easy raising up my stock in Bitcoin. After halving today Bitcoin will see some good increase.

Initially my plan was to just buy and hold bitcoin as much as i can. so that i can sell them in the future that the bitcoin price goes up. but i realized that this plan alone is not enough to get a considerable amount of money in bitcoin. so now in addition to the initial plan i try to earn more bitcoin too. and for that i am increasing the amount of time i spend in trading bitcoin and altcoins.

I'm sure he thought that bitcoin will have a price more than $1,000. yeah I agree with it but to wait for the $1,000 it to came it takes time which is not short? even for me to join in bitcoin I have never encountered a price of $ 1000 and if you're impatient maybe you're going to produce a whopping

I think anything can make you rich if you want to try hard. whatever method you do if you do it with passion and hard work of course you can get rich with it

You are right it is good to start out trading with just a small amount because you are going to able to manage that good or it is a good start so that if ever you loss your trading.
That's not going to be a big deal at all.

I think that you can begin with very small amounts and learn, and you do not necessarily need to delve into various alt coins and to complicate  the matter with alt coins.  Bitcoin is a handful in and of itself to learn how to trade bitcoin with accumulation strategies and principle preservation strategies and to get better and better at it without gambling too much in the process.

I have been employing a self-learned system that pretty much does not require gambling of my principle and that is selling on the way up and buying on the way down, and I only deal with BTC and don't try to over complicate matters... even though practicing does seem to pay off in order to get better and better at it and to stack up dollars and bitcoins in order to continue to be able to buy more as the price goes down and to be able to sell on the way up (without selling too much in order to always keep some stash of BTC)

You just need to be good at it and you need to always monitor the fluctuation of price of the alt coins you are going to buy.
And that is really going to be good if you are going to study first and be a good trader.

Yes.   

Trader with a goal of accumulating BTC.. and to allow some of that appreciation of the accumulated BTC to drive the increasing of the wealth.

I think signature can help you to increase your monthly revenue but i only know that really help us to get rich is business because most of the rich person is a businessman.

Yes you are right but it cannot make help you rich. If you are going to depend with signature campaign and you want to be rich.
Signature campaign is not the best way for it.
I will just believe that someone can be rich with bitcoin if he is a good trader.

signature campaigns can help your in spending from other like tuition fee , daily food , bills it can helps a little but its a big for your daily life you can your own money.