Post
Topic
Board Economics
Re: The dream of getting rich with bitcoins
by
Inspector 2211
on 01/12/2017, 13:42:50 UTC
You cannot become rich with bitcoins if you have limited bitcoins in your wallet as you cannot expect that its price will be in millions in future so if you want to become rich with it then you need to accumulate very high sum of bitcoins which is not easy especially if you are earning it as earning will give you limited amount of bitcoins and not possible to buy more at current price as its not affordable for majority of us.

Being rich with Bitcoin could be, for example me. I also have a dream to improve my family's economy and I want to be rich because of Bitcoin. But to make it happen, of course not easy. If we want a lot of profit, we must provide a lot of capital and a lot of time. We must patiently wait for several years and stay calm despite the decline in prices. Let's say you want a profit of $ 10,000 to make it happen, you have to collect money for $ 1,000. And you have to wait for several years to double as much as 10 times. And if you want more profit, you have to raise more capital.
Along with our dream to be rich in bitcoin, we also have to realize that we will not reach at that level if we will not gonna risk money.
Investment is necessary and you can only do that if you have enough savings because investing is risky and it's important to invest what you can afford to lose.
It is one of the most common way to make things happen but if you will choose wisely then you can choose to earn the bitcoin and not to buy it. The dream of getting rich is very simple to think but it takes effort and a lot of patience to be able to become a rich person through the cryptocurrencies like bitcoin.
Valid point because its not easy to become rich with this Bitcoin and cryptocurrencies you need to work hard for this as you done for all other works if you want to become rich if you can choose wisely then you can do this as some already done with this they adopt this and now enjoying benefit with very high price

If you are an early adoptor and invested money in it when price was too low and have lots of bitcoins in your wallet then you are already rich at this stage but if this is just an beginning for you then it will become very hard for you to collect high amount of bitcoins as price is really high now and now its not easy to get bitcoins which was possible before few years.