Topic: What is your plan to get rich with Bitcoin? - page 127. (Read 265849 times)

dayuumm ... thanks for explanation ... maybe i should try demo account first .. nah the real problem is majority of trading program is requiring deposit ... i cant lose my money with this ..but i will trying anyway ..thanks in advance 

Start with real small numbers (maybe trading less than 1% of your BTC portfolio) and practice about how not to get too greedy.  As you get better at it, then you can understand more about the dynamics and to increase your amounts.... Don't worry about your past performance and that you could have made more money if you had been trading with more.  The most important thing is to figure out a profitable method that works no matter BTC's price direction, and then you can later apply that method, whether BTC prices are $100 per BTC or $10k per BTC.

I believe that I have a profitable method that I began practicing in October 2015.. and I have learned a lot during that time to continue to practice and to learn how to improve it in accordance with my own particular circumstances.  Currently, I am only trading between about 5% and 10% of my total BTC portfolio holdings, and my amount is so high, merely because there was more than 150% BTC price appreciation between when I started and now.

You can use arbitrage as well and I began trading only with accounts on, Circle, Coinbase, Local Bitcoins, BTC-e and Uphold, but as time went on I added Gemini, Bitstamp and Bitfinex.  You need to account for fees, too, so Uphold works pretty well for manually converting from BTC to USD and vice versa without fees (except there may be some fees when you get into bigger numbers or other assets that are on their platform)

Welp ... i didnt know much about trading ..do you know where i can find complete & well written guide for trading ? i think im interested but its look like so difficult .. do we have to learn numbers or binaries ? hahaa

also can you recommend me some trusted bitcoin trading platform ?? thanks in advance 

a good plan, but I think gambling will not make you rich, I would suggest to play a trade, we almost have a plan, but I do not plan to get rich from gambling, but from trade and investment. because I think gambling is too risky

My plan is also quite simple ( especially for poor guy like me lol  )

- Collect BTC for some faucet also from PTC's
- go for gambling casino or sportsbook
- If i profit .. i will be rich .. if i lose back to step 1 

Just holding should be enough for the most part, but to ensure I get a bit of income I also invest a bit in several popular gambling websites.

If any other profitable investments that pa out n bitcoin exist, I try to invest a bit in those too. As long as they don't look like scams and the business model seems legit and profitable.

You will never earn thru gambling. It is a lost cause to use gambling as a source of income. You can win every now and then but the total amount you bet will always be more than what you win. You will be just wasting time and money in it.

My plan is to earn as much as possible until a big price increase. When this will happen, I will invest it in profitable bussinesses. I can also wait a (really) long time to see a huge price increase.

I  agree with your overall sentiment that the more you accumulate bitcoin, the better are the possibilities that you are going to earn good return on the bitcoin as compared with holding your earnings in other investment assets.

Regarding your point about earning in bitcoin, that part does not matter hardly at all.  The main thing is living within your means and converting fiat to BTC at a reasonable rate that you are accumulating BTC, not overdoing your investment in BTC to such a level that you are forced to withdraw during dips.. in other words don't invest more than your projected cost of living in order that you have sufficient cash flow and that you are the one that determines when, if or the amount of BTC you convert back into fiat.

It is like a business, if you have a already money, than you invest it in bitcoins, or trading so that a good plan to get rich with bitcoins.
But if you start the earning from bitcoins, i mean if you are doing a work and then you earn bitcoins like here, we are doing a work in Bitcointalk and then we are earning the bitcoins, it is a difficult to get rich with bitcoins.     

I think it is much easy to be rich with bitcoin, te main thing for becoming rich with bitcoin is that you have to struggle hard for earning bitcoins online and after that you should have to increase the span of earning with different ways like to start some small businesses etc.

gambling and trading alt coins and sell it all to btc when the price still high

you can join any compaign and then you can write qoute and reply you can easily earn money by bitcointalk

Absolutely it was a very reasonable price fluctuations occur. I believe I can get a lot of advantages in bitcoin in many ways. Continues to collect do not ignore the price.

Yeah, investing in bitcoins itself plus investing in something that is trustworthy and profitable. However, look out for obvious ponzi schemes that will scam you out of all your hard earned cash.

But gambling... Should not be considered as an income source. It can be fun, but it's not profitable in the long run.

Don't be pessimistic dude, the fluctuation price of bitcoin is change significantly every hour's you can use that condition to get profit, although only small amount but it's better than just wait the price rise in the long time.

But if you provide any services with the bitcoin then the chances of getting rich with bitcoin is more. Simply we can say if you get more bitcoin than the quicker we can become rich.

Yes it was nice. But you have to try many methods exist to obtain bitcoin because it is very easy method.

My plan is very simple. I just buy and hold the bitcoin. I bought some in early 2013. I also bought some in July last year.

It is not that easy to be rich with Bitcoin and that is because you have to choose the right moment to sell it and that is important but of course it will be nice if you can earn some money.
The only thing is that you cant know what is going to happen and that is the most risky thing also.