Quote from: jpoker272727 on July 17, 2017, 06:03:44 PM

Quote from: Peashooter on July 17, 2017, 05:43:49 PM

Quote from: dunfida on July 17, 2016, 03:42:32 AM

Its possible to get rich with Bitcoin In the sense that it's price would triple or 4x up in coming years. It's better to save btc to these days as a term of investment and gain profit to it.

In fact, many people want to become rich. However, some people are unlucky to become rich. In addition to that, I think its possible to get rich by using bitcoin and as of now many people use the bitcoin and they gain a lot of income. If you have a lot of bitcoin now I think you could be a millionaire or billionaire in the future. Lastly, using bitcoin is one of the key to become rich.

Being far sighted is an important skill a person should while venturing money in a long time investment. The people who had invested 8 years ago in bitcoin for a few dollars are millionaires now keeping in view the value of a single bitcoin. Therefore investing in bitcoin is always a safe option. It is guaranteed to make your future. So, keep invest with any fear. Bitcoin is a right place. And bright future for for upcoming life. So Invest and get a lot of happiness in near future.

This is basically what you have said:
"Bitcoin is a good investment in the past, therefore, it's a good investment."

Along with long term thinking, we should also learn how to diversify and how to get out of the market once things are going bad. Maybe it's not yet the time for bitcoin but sooner or later, bitcoin will go down. It might be in the far future but the fall of something is inevitable. Something better will always come along the way. We might not be able to imagine it by now, maybe because we still don't have the technology for it, but it will surely happen.

Learn how to get out of an investment that's starting to go bad and diversify so you have a plan B. For example, you can be doing bitcoins today but you can start diversifying your money by investing on a business in real life. It's really hard to find out which businesses are profitable so you have to start talking to people that knows these things. You can't just go straight to the owner of a store/business and ask them straight ahead how much they are making. You have to do research without them knowing that there's a potential competition coming up.