Topic: What is your plan to get rich with Bitcoin? - page 7. (Read 265848 times)

Wait wait!
Even in gambling, for instance betting on sport games, you have good chances to make some profits when you pick the right games with good odds. This however requires that you know where to get some good relevant stats and how to use them.
It's the same with trading. When you have no idea how to read charts, or to interpret news and how to make possible low risk predictions plus taking account of money management, you're done as well and will mostly lose money constantly!

its a good plan and i think you should start as soon as possible. i wish i can make plan as you did, but i am having difficult because i only make money with the internet, and now i am trying to make money from trading.

my plan is still trading bitcoin pair altcoin, and sometimes i am trading bitcoin pair usd. i think i really need to make more money in future.

this is a great post and you seldom see them here. i like your plan and would like to add to it.
i would also invest some money into gold/silver or other valuable stuff to diversify more.
there is also an aspect to think about. time. grow own veggies and buying/selling stuff can take up much time (they do not have to) and maybe your profits could be bigger if you invested that time somewhere else.

I'm not aiming for rich, but I'm trying to grow my wealth.

Anyhow, this is my plan:

• Invest 70% of my salary, diversified between index funds (stock market), bank savings/mortgage payments and bitcoin
• Cut living costs
• Increase income

As stated, to be able to invest 70% of my income, I obviously need to cut livings costs down to a minimum.

This includes:
Stop using my car, and rather use my bicycle to get around.
Move back to my moms..
Stop wasting money on bullshit/stuff I don't need/tech.
Buy cheaper food/grow my own veggies.

I'm also increasing my income by:
Renting out the car that I no longer use.
Renting out my apartment where I don't live anymore.
Getting a second job/selling stuff I buy for cheap, at a higher price.

I'm investing as much as possible, and I try to diversify my investments so I don't get screwed if some markets crash.

I'm using global index funds, to get a "stable" % of the global stock market increase. I'm saving up cash instead of paying off my mortgage. I'm able to do this because the rent on my loan is super low, and it pays off to invest it instead/save up cash so I can buy in when the next financial crisis comes. As long as I'm not forced to sell my appartment if/when the housing bubble bursts. Which I won't be, because I have fixed rent % on my mortgage, and I'm renting out the apartment + saved up funds, so I can take a hit, if it comes to that.

I'm also buying bitcoin, because I believe it will increase more in value over time than any stock market/housing market/savings account.

This is a long-term plan, around 10 years.

My goal is not to become "rich", but financially independent. Which means I do not want to be dependent of my employer.

I basically want FUCK YOU MONEY! ^^

Gambling will land you no where in future so its better to stay away from it and invest that money in trading where you always have an opportunity to make descent profits on regular basis.

Holding on to it and investing a little in Poloniex and Bitbond! Been working well so far

My only plan to get rich with Bitcoin is by trading in Bitcoin/Altcoins.I hope bitcoin prices would go much higher in the future.Some may prefer gambling to get rich quickly.But it is a total loss.So, the best option is trading.

My plan to get rich with bitcoin is to be a long term investor and safe as many bitcoin as I can throughout the years.
And then after a lot of years I am hoping the value will be so high that I can be rich with the bitcoin I earned in that time.

The price of the bitcoin always depends about what everybody is doing with the bitcoin because the price is rising causes that lts of peopel will make profit and that is the
way to make money with bitcoins profits is the way.

Still we have a long way to go and I think if we work really hard on it then we can accumulate more coins in future and getting rich from it or not will depend on the future price of bitcoin.

Not planning to get rich with Bitcoin to be honest because I also do not think that it is possible. You will have to handle in allot o0f Bitcoin if you want to make that possible.
I only have a couple, I would never make enough Bitcoin to become rich.

I think to own a gambling site you also need to have a good capital to invest and it may not be possible for everyone, so without thinking of any investment its better to collect as much as we can for the future.

Yes putting money in building up business is best option in compare to donating your hard earn coins to gambling where you will left with almost zero in long run and if you keep on spending in gambling then you will become poor and not rich.

That was the best thing to do than trying your luck on gambling .business and job will make you more money.you can set aside gambling or just play when you have an extra money .
I like your idea about business cause im also into business and its our primary need foods so you will never go home with zero earning on your business .btw .goodluck !

he said "PSB" and if i am not mistaken this is the announcement: https://bitcointalksearch.org/topic/annpsb-pesobit-the-currency-for-remittances-and-international-cooperation-1581240

i am also interested to know how much he invested (what was the ICO price) and on what price did he sell to make 2.5BTC the percent of profit is more important than amount you made.

That's a great profit to make at the initial stage, by the way in which ico did you invest your money? As my experience with ico has been not so good til date and every time I have lost my money.

just got my first success with my ico investment i earn 2.5btc so glad i put some money with psb project now i already have good starting capital to use for my btc venture just trust your instinct and look forward.

That's a better idea than gambling, starting small is good as it only requires a little amount of capital and if you are good you will succeed and surely time will come that you will be able to earn a bigger amount of income bigger than you ever dream to win in gambling.

I have my new goal just to day i just realize that if im going to spend so much bitcoin in gambling website in just like wasting money , Throwing money or giving my money  we need a stable job where we can get money and monthly salary and save it , Plan to make small business like selling foods and etc until it will become succeed and everything will follow )

I would like to try and build offline and online businesses using bitcoin and then build sustainable villages where we would build cooperatives so everyone in the villages and eco-systems would benefit.. for that reason I want to get rich enough to build the first sustainable village using this model. I am working on it but am facing many challenges and hurdles but I won't give up until I can do it. I am just trying to compound penny by penny in order to do this.