Quote from: Bakul_cacing on September 19, 2017, 09:21:35 AM

Quote from: pinoycash on July 03, 2017, 03:00:54 PM

Quote from: cantika on July 03, 2017, 02:51:04 PM

what do you think about this topic?

Not Really instant, Not unless you bought BTC 2-3 years ago, and start selling now, that is what you called INSTANT MONEY after you convert. but by just knowing about bitcoins, you will never get rich. start working and it takes time to build a huge BTC stash.

I strongly agree
bitcoin is not very instant to make a profit except bitcoin 2 years ago and sell in from now on.

Well. buying Bitcoin 2 years ago wouldn't have made you rich now. Or you bought a huge amount of coins close to the bottom of 160-200USD. An investment of 10.000USD at that time what have given you 50-62.5 coins. If you would have sold all those coins at the peak of ~5000USD a few weeks ago you would have made an ROI of 250.000-312.500USD. This is quite some money. But far away from being rich imo!
To become really wealthy with Bitcoin with that amount of coins, you will need another 5-10 years at least!!
Patience is what is needed now. And there will be times coming where the big players in the market will suppress the price for some while and to try to make as much people as possible losing patience, just to catch their coins! We will have bearmarkets again. In the bigger picture of course they will look like small corrections and consolidation phases.
If you can not trade and don't want to, the best is to store your coins somewhere and that's it. Maybe do some dollar cost averaging to increase your stash over the years always a bit.