Topic: What is your plan to get rich with Bitcoin? - page 155. (Read 265851 times)

It doesn't really matter that several of us missed out on previous bubbles and previous opportunities to buy thousands of coins for small amounts of fiat.

What matters is that we can decide today the extent we want to diversify our investments into bitcoin or to invest large quantities into bitcoin hoping for a few more 10x growth periods.

There is plenty of reason to believe that we remain in the very early adopter phases of bitcoin, so we should be glad that we know about it and we are making some investments into it...

Personally, I started in late 2013, so my average cost per BTC is not much lower than the current price, even though I have gained a lot of experience and knowledge with bitcoin in the past 2.5 years. 

Nonetheless, if anyone is just finding out about bitcoin today, they would likely do well to take a decent size stake into it and to research and probably to continue to dollar cost average into it, and there are quite a few ways to do that these days.  After setting up the various accounts to purchase BTC, then the question becomes how much to invest, and I would suggest not to invest more than you can afford to lose, and to make a few lump investments over the next few months and then to dollar cost average by buying anywhere between $5 per week and $500 per week, depending on your budget and insuring that you are not taking away from your regular living money.

We know it that bitcoin is too volatile and decentralized but you won't get profit it you are not going to risk. But for holding your bitcoins today.
There is no risk for just holding it today.

I missed that great opportunity in the past. When like 7 years ago when you had trust in in bitcoin, you could buy, mine or gather enough BTC to be now a bitcoin whale.
Bitcoin is too expensive now. For most people buying large amount of BTC is impossible - small fries like me only pray that they could earn from price spikes, this time possibly bigger than in 2013.

At the moment, bitcoin is too volatile to even consider adding additional risk by investing in a grc denominated asset (this includes mining). Always a winning strategy to simply hodl.

That plan is very popular for all of people that use bitcoins it is better if you are going to invest a big money for bitcoins. As you wait for its price increase, the more you have bitcoins, the more income you will generate after you patiently waiting.

Getting rich just with BTC would be a tough task for me, since I only earn through signature campaigns, while I buy some during dips, and only what my budget allows. It's going to take a long time to achieve that but as they say, great things start from small beginnings. It's good that BTC is still in its early stages and we are all very lucky that we already have access to it.

Yes it needs to be the right time in order to get the maximum benefit. Then it must have good instincts to sell bitcoin at the right time. Continues to collect bitcoin also must be done so that we can gather more bitcoin.

You are right about that I think its better to hold the bitcoins and wait till the bitcoin is gonna rise to a high amount.
I will wait for the halving this year and than reconsider selling and getting rich hopefully.

Bitcoin will not die so easily, it will survive for a long time for sure, we should try to collect as much as possible now to become rich in future.

Will it reach the moon though?  Will you sell when you THINK it has mooned?  What if it goes twice as high?  Will you buy back in, thinking it'll keep rising?

While I hold as well, I never know when the right time will be to sell - especially if bitcoin actually dies one day.

(these are all just hypotheticals, nothing based on my beliefs )

Yes treat bitcoin as an long term investment, buy now and hold it for the future, and sell when price reaches to the moon, you will surely become rich in future.

My plan is to get rich by simply just use the bitcoin as a investment and make money with it on that way.
I think this is easily possible if we have enough patient for it.

But I feel there will not be any difficulty when you are considering the value of bitcoins. Maybe you have meant the number of bitcoins equivalent to the number of dollars. You should not consider the number of bitcoins for becoming rich. Because with price of bitcoins at $400 anyone can be a millionaire only with 2500 bitcoin.

but trying to get better results, at least you should great effort, because a great effort and taking seriously will get better results.

12 different project... Really awesome efforts and diversifying approach. I am also planning up my way of becoming rich with saving bitcoins. Just found this forum after some long stay with faucets.

I am just holding now my Bitcoin and I am hoping that the value of Bitcoin is getting more worth so we can make more money with it with Bitcoin and that would be perfect for us.
The only thing is that it can takes a long time until it will be more worth and that is bad for the most people who has no patience for it.

Yes precisely everything does need a great effort to get rich. We must make an effort in order to get better results. The most important thing we have to continue saving in bitcoin so we have a lot of savings.

It is the win - win strategy if you are getting a long term investment , because if you are just planning for a short term goal for investment,
well you are not looking forward for the fruits to harvest for your plans.

Everything will be same for earning with respect to bitcoin as well as fiats. Nothing is for free. Same way, becoming rich is not easy with bitcoins. It is same tough task as with fiats. But saving bitcoins, will make us richer when bitcoin hits moon.

Yes very true long-term investing is very good for future savings that could be made we can get a lot bitcoin. It's a pretty good way to get rich with bitcoin. But we still have to be careful to invest our money.