Post
Topic
Board Economics
Re: The dream of getting rich with bitcoins
by
mastica
on 08/11/2016, 16:32:40 UTC
For me bitcoin is just an extra income because when you don't have a skill to give then your source of income is limited . But when you have much skills to give I think it is possible to earn a decent amount of bitcoin monthly, And I think when some years passed by and bitcoin is widely used and known then more opportunities will also come.
I agree, if you have skills to offer you can earn good amount but like me i only earn extra money and not enough to sustain the needs of my family for everyday. of course i also dream to be rich with bitcoin maybe in the future if i go full time.

The money you able to make with bitcoin and if you invest them or try trading, or any other way you may get a good result, but the time to became rich with just bitcoin has ended already, you can get a revenue from the volatility and just, altcoins now are shaking and allowing those which risk to multiply their bitcoins.

it is not yet over, it has just became harder. but the amount of profit that bitcoin has given us so far has been excellent and you can never see this kind of profit in anywhere else.

price has gone up about $500 from last year which is about 250% profit in one year, and if you ask me i think it is pretty good for becoming rich!

and this is not including all the fluctuation on the way up and all the opportunities to buy and sell bitcoin for even more profit.
And do you know why bitcoin has made 250% from last year? Speculation about the halving that pushed the price to 500 when all expected it to be at 800 because it were being traded at 400 this year before the halving. At 2020 bitcoin should reach 1000 dollars, but nowadays the max you will be making is something around 50% profit if you buy bitcoin now...you cant and wont be able to buy bitcoin at 250 dollars anymore.