Post
Topic
Board Economics
Re: The dream of getting rich with bitcoins
by
deisik
on 19/03/2017, 19:35:42 UTC
This is really an interesting question, I like it. Actually, I also had the intention to get rich from Bitcoin, first to know Bitcoin, I did not have this idea but since I realized the true value of Bitcoin I changed my mind. I have found every way to earn more Bitcoin, I am involved in investment projects but not effective. Then I switched to trading, trading altcoin types and working on forums. I find this way quite effective, I have earned more Bitcoin. However, the dream of getting rich is still quite distant because everything takes time, I need to act and do more Cheesy
It is possible but it will be hard. The days in which you can easily double or even triple your Money with Bitcoin are now over. Right now it has a slow movement above 1000$ comparing it to its movement below 1000$. It is trying to tell us that if the demand does not increase it won't move up to our expectations. We can easily find other investments that are rapidly growing such as in the stock market.

What do you mean when you say slow movement? Last November the price was a bit more over the $700 and two weeks ago about $1275. I don't know any other currency which presents such fluctuations. On the other side when someone has the dream to be rich with bitcoin depends the place he lives. There is big difference who is considered to be rich in Nigeria and who in Switzerland

Stop dreaming and go to your cubicle (the boss is angry already)

Regarding prices, people back then didn't believe that Bitcoin is going to get over 800 dollars per coin in a consistent way, so such apprehensions are perfectly comprehensible (especially in times of stronger corrections just like now). When you see the price crashing, you can't believe that it will ever come back. You can't get rid of this feeling even if you saw how the price grew half a thousand dollars within just 3 months. That's why we see brutal sell-offs by people smitten with fear