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Re: What is your plan to get rich with Bitcoin?
by
fkvidar
on 02/10/2016, 09:56:43 UTC
The plan is easy and well organized, executing it is a different matter though Cheesy :
-Get 200-300 BTC "somehow"
-Wait for the price to reach $1,000 or so, Which shouldn't be as far-sighted like $5,000 and such
-Withdraw and exchange for USD, wait for another chance to re-enter with BTC.

the say is easy but the work in trade is very dificult
because price bitcoin is very liquid up and down
if buy much bitcoin wait to up, but the real bitcoin is down is not profit but lost
Yes you are right, but if you have clear rules of trading It will become different, are like time for buy and sell bitcoins , how much bitcoins you be ready for cut lost if the price going down after you bought it. You must find the ways or rules of trading that give profit constantly from trading.
Learning is Important , it's okay if you're fault in the first attempt or keep lose . But as the time progress you can learning about trading and for sure you can get profit . For trading bitcoin , it needs longer time to get the profit but for altcoin you can do it in the short-term basis.

Trading could  possibly give you  decent profits but as you said  you may  lose at first and also   on the long run since there are really now perfect trades  and those mistakes  would able you to learn more which  could somehow mold you to a better trader. Bitcoin and altcoin trading  have  difference on price volatility.

Trading bitcoin is much safer then trading altcoins as there is no major pump and dump in bitcoins so if you can hold them for a  long term then you can make good profits from it.