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Topic: What is your plan to get rich with Bitcoin? - page 242. (Read 265851 times)

legendary
Activity: 1652
Merit: 1007
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What about private tutoring how to make money with BTC, aimed towards newbies and intermediate users. I personally currently use 16 different revenue streams to make money in crypto which generate about 4-6 BTC per month for me. However, my system s not for people who are unable or unwilling to invest sizable amount of money into those projects. I m sorry to say but you cant make money unless you spend money.

Would people be interested into something like that?
hero member
Activity: 1148
Merit: 527
I think most people want to get rich quickly and that is only possible via gambling and taking too much of risk. But I believe saving money ideally is better option rather loosing money badly. So, my plan to get rich is doing some work legit and steadily.
full member
Activity: 182
Merit: 100
★Bitvest.io★ Play Plinko or Invest!
I used to do faucets, but after my dreams at night got invaded by faucets, I had more than enough. I had a small U3 miner kicking around, so I lit that on altcoins to trade. Yes, I am broke as all hell most of the time. Isn't the majority that way?

I saved enough to get an Antminer S3 and will get an S4 later. I mine altcoins and sell them. That is how I make more btc, as well as signature
campaign.
hero member
Activity: 1022
Merit: 538
My plan is just to buy a many bitcoin I can before halving comes and then sell my coins after halving.  Grin
sr. member
Activity: 420
Merit: 250
I am a poor sucker and am still working on getting one full Bitcoin at the moment. I don't really have a plan to get rich by Bitcoin, but I think I'm just going to accumulate it and see where the price goes.  if I lose it all, I'm only using funds I can afford to lose.

You are not alone man. i'm also poor and just earning free bitcoin by signature campaign and faucets.  My plan is collect all my earning from sigcamp and faucets and try invest it.
hero member
Activity: 725
Merit: 501
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Use bitcoin to gamble on a altcoin.  bitcoin is king dont get me wrong, however if you like to gamble a bit then there is nothing wrong with exposing yourself to an alt that still has a chance of going up 10x or 100x or lose it all haha.
legendary
Activity: 3528
Merit: 7005
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I am a poor sucker and am still working on getting one full Bitcoin at the moment. I don't really have a plan to get rich by Bitcoin, but I think I'm just going to accumulate it and see where the price goes.  if I lose it all, I'm only using funds I can afford to lose.
hero member
Activity: 658
Merit: 500
I dont think that i can get rich in bitcoin since im just a normal bitcoiner. Im just earning bitcoin to buy gadgets, snacks, clothes. You can only get rich in bitcoin if you own gambling site and your early adopter of btc or lucky enough in gambling.
i dont think so, you can still be a rich man by any means, you will become rich if you have a resilient nature and unyielding,
hard work is the key,
member
Activity: 70
Merit: 10
My plan to get rich with bitcoin is to run 10 ANtminers U2 to solo mine BTC. 10 ants U2 can be bought at extremelly low prices. Once I found a block (If I ever) I'll be rich!

Dream castles fade away,

Good luck with finding a block with 10 antminers,
Right now you need around 1ph/s of power to find a block in 48 hours.

Your chances are so ASTRONOMICALLY low. I can guarantee that it won't happen. Even if it does happen it would probably take like 10 years with those antminers; and you would still be paying more for electricity than the block you find.

A highly stupid idea.

UOW, that was a strong answer rsrs

I see many people investing in mining without making the proper calculations, as if it was a lottery you play and win for sure. Well, btc is not that.
sr. member
Activity: 448
Merit: 250
Above all i hope to hold enough bitcoin this year to stop the daily trading.
When i got around 50 BTC i will wait and hold for a better day.
hero member
Activity: 798
Merit: 1000
LIR Dev. www.letitride.io
Hey guys,

I just spoke to a guy over chat who told me his plan was to get 100 BTC, wait for the price to reach $5k per BTC and retire after that. Since he lives in a third world county, that might be possible for him. I know this is a simplification of the problem but I d like to know what s your plan. How many BTC is your goal, at what price and what happens once you reach that goal. After all, we have all been involved in a dream, why not dream it a bit more.  Grin
Your guy has a nice plan. If he lives in a 3rd world country but is it even possible for him to earn 100bitcoin and if he did would he not need to spend them to live. Alot of dreaming is strong in him, 5k bitcoin hmmm ok. I dont have any set amount of bitcoins in mind and i am not here to get rich. Why waste your time with dreaming of possibilities of getting rich from bitcoin. Wasted energy is why i wouldnt dream of that.
sr. member
Activity: 401
Merit: 250
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I am not very sure how to get rich with it. I just wanted to join the train because it sounds logical.
sr. member
Activity: 281
Merit: 250
My plan to get rich with bitcoin is to run 10 ANtminers U2 to solo mine BTC. 10 ants U2 can be bought at extremelly low prices. Once I found a block (If I ever) I'll be rich!

Dream castles fade away,

Good luck with finding a block with 10 antminers,
Right now you need around 1ph/s of power to find a block in 48 hours.

Your chances are so ASTRONOMICALLY low. I can guarantee that it won't happen. Even if it does happen it would probably take like 10 years with those antminers; and you would still be paying more for electricity than the block you find.

A highly stupid idea.
hero member
Activity: 574
Merit: 500
My plan to get rich with bitcoin is to run 10 ANtminers U2 to solo mine BTC. 10 ants U2 can be bought at extremelly low prices. Once I found a block (If I ever) I'll be rich!
I don't think that one block will make you rich. U should run a big farm and at a cheap electricity rate in order to get rich, people that began mining in the beginning period of btc, they must be rich by now Smiley
hero member
Activity: 504
Merit: 500
My plan to get rich with bitcoin is to run 10 ANtminers U2 to solo mine BTC. 10 ants U2 can be bought at extremelly low prices. Once I found a block (If I ever) I'll be rich!
sr. member
Activity: 574
Merit: 251
hold them and wait then cash in. easy money Grin
member
Activity: 70
Merit: 10
Hey guys,

I just spoke to a guy over chat who told me his plan was to get 100 BTC, wait for the price to reach $5k per BTC and retire after that. Since he lives in a third world county, that might be possible for him. I know this is a simplification of the problem but I d like to know what s your plan. How many BTC is your goal, at what price and what happens once you reach that goal. After all, we have all been involved in a dream, why not dream it a bit more.  Grin
It's not going to be easy for a guy from a 3rd world country to gather 100 BTC. This plan sounds a lot like this, to me.
Phase one: Gather 100 BTC
Phase two: ?????
Phase three: Profit.

Except it's not phase two that is properly unknown but phase one that I don't get how they're planning to achieve.
But yeah. Why not.

As for me, I'm playing faucet games. That's my plan to get rich. Oh yeah. I'm not in a hurry. Mao Tzedong said that the old fool who wants to move a mountain can do so, provided that he has enough time. Watch out, for in a millenium or two I'll be a bitcoin millionaire because of faucets.
Quote
with less people mining, then the offer decreses and the price goes up!
I don't quite get your logic there: with less people mining the mining difficulty decreases, which brings in more miners. That's all you can say. But the offer is not supposed to move.

This adjustment is not automatic and takes time to correct.
newbie
Activity: 25
Merit: 0
Most people seem to want to be a fiat millionaire... I do not know if I want to be like them... Once you convert back to fiat, you are once again investing in a failing system. We

should just grow our bitcoin holdings and once the value increase... start buying assets. You should keep hoarding some bitcoins to enable you to buy and pay with bitcoins for

products and services. The conversion to fiat just weaken the Bitcoin ecosystem and you lose some value due to the fees that needs to be paid to a 3rd party. 

Yes, but for this to work Bitcoin has to be accepted in many more places than it is right now. At the moment there is a good trend for bitcoin, but we will see if it can rise to replace the fiat money.
legendary
Activity: 1904
Merit: 1074
Most people seem to want to be a fiat millionaire... I do not know if I want to be like them... Once you convert back to fiat, you are once again investing in a failing system. We

should just grow our bitcoin holdings and once the value increase... start buying assets. You should keep hoarding some bitcoins to enable you to buy and pay with bitcoins for

products and services. The conversion to fiat just weaken the Bitcoin ecosystem and you lose some value due to the fees that needs to be paid to a 3rd party. 
legendary
Activity: 1554
Merit: 1054
Does this dream still be the reason to be at bitcoin?I doubt the most and a well know person already knows thats this is impossible,sure bitcoin can achive big values,but currently bitcoins is generating a good return to the most.Sure bitcoin can be worth 10x then todays,but wont make people get rich.

Yes, bitcoin has always been very fascinating and promising way to upgrade ourselves financially, i too believe in this. for now I just focus on accumulating as much bitcoin as I can. Then just wait and see how and where the bitcoin price rise can get me to, hopefully a millionaire.
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