Could someone become very rich with bitcoin?

[BTCBEE]

It is possible to get rich by trading bitcoin,but you also should be ready to accept anything that could comes out through the trading line,that's why people see it like a gamble. Although some people got the luck when it's still new and they got reach through bitcoin then. But now things haas really change in crytocurrency. Expect unexpected.

yes its true if you were active when bitcoin came into knowledge or later you started working on bitcoin then you are a rich person. so many people bought it in just 10 $ that time when it was just 40 cent value and now its 52 k

 

[Tayfem]

Very true and correct. You can become rich thorough cryptocurrency. These days that bitcoin is skyrocketing like anything, it is a big advantage to chose that has enough in their wallet. So bitcoin is another platform ones can get rich

 

[BrolySSJ]

I believe people can become rich through bitcoin investment. In 2016, I had 0.22 bitcoins. If I had not spent those bitcoins, I would have almost 7,000 USD just in 4 years. Maybe I would have 10K few years later. This is just an example. If I had bought bitcoins back in 2016 when it was just $400, I would have grown very rich.

Yes, it is all about finding the right time to invest and I think that is the hardest part to get right. In my opinion, if I had bitcoin in 2017 when it was really cheap chances are that when it moved up to a couple thousand dollars, I would have sold it to secure my profit. I doubt I would have had the self restraint to wait until this point.

 

[Zevin]

Yes, it is all about finding the right time to invest and I think that is the hardest part to get right. In my opinion, if I had bitcoin in 2017 when it was really cheap chances are that when it moved up to a couple thousand dollars, I would have sold it to secure my profit. I doubt I would have had the self restraint to wait until this point.

While it may not be possible to invest in bitcoin right now because it has crossed $51K, and if someone wants to invest, he needs a lot of money. However, there are a lot of other options available, for instance, ethereum, litecoins and bitcoin cash are growing very strong. I am planning to invest in one of these coins.

 

[Abu4exel]

Yes. Someone could become very rich through bitcon, that is, if only nigeria government will allow bitcon to rest. People have been using the bitcon to make a lot of money before the nigeria government now come and want to make it look like it a scam. If our government allow it to rain, people can make money out of it.

 

[mcjerry]

If this question is asked 5 years ago. I will say someone can become rich with small amount of bitcoin. But now for anyone to become rich with bitcoin. The person needs to invest high. But it is still never late for anybody to invest.

 

[Softdave]

Absolutely yes you can become super rich with Bitcoin as it is the the number one cryptocurrency and it’s constant demand and use in trading and business both on and offline is incredibly increasing by the hours of the day the value increase unbelievably many who invested in Bitcoin and that time and had had patience though are now living on the next level

 

[BrolySSJ]

While it may not be possible to invest in bitcoin right now because it has crossed $51K, and if someone wants to invest, he needs a lot of money. However, there are a lot of other options available, for instance, ethereum, litecoins and bitcoin cash are growing very strong. I am planning to invest in one of these coins.

These coins are lower in value than Bitcoin, so it would be easier to invest in them with a smaller investment,. However, if you consider the fact that the prices of these coins are quite high in comparison to how they are usually, investing at this high value may prove to be a risk as well if the price had to drop considerably.

 

[Draysongz]

Yes it is possible to getting rich with Bitcoin z you just have to invest at the right time with the right trend . Also you have to follow signals and follow the way it rises and dumps. In order to make profits from Bitcoin you need to follow the trend.

 

[sam386150]

Yes many people have made a lot of money through Bitcoin so it is a self determination and it also depends on how financially stable you are to enable you buy and sell it especially now that it has rises very high, so it is possible for someone to be rich through Bitcoin.

 

[Zevin]

These coins are lower in value than Bitcoin, so it would be easier to invest in them with a smaller investment,. However, if you consider the fact that the prices of these coins are quite high in comparison to how they are usually, investing at this high value may prove to be a risk as well if the price had to drop considerably.

As far as I know in the long run very few coin value has gone too low. Most of the cryptocurrencies are always rinsing. Even when there is a sharp drop the price will ultimately go up. Risk is there. But investment, of any kind, itself is a risk. Bitcoin is now $51K, it may go down to $40 or even $30K however, ultimately it will go way higher than $51K.

 

[BrolySSJ]

As far as I know in the long run very few coin value has gone too low. Most of the cryptocurrencies are always rinsing. Even when there is a sharp drop the price will ultimately go up. Risk is there. But investment, of any kind, itself is a risk. Bitcoin is now $51K, it may go down to $40 or even $30K however, ultimately it will go way higher than $51K.

Ultimately I have to agree with you. Especially if you consider the rate of adoption of cryptocurrency and how it is increasing with each year, and I think that to a large extent this is driving the future investments and the higher prices as well. It will require a lot of patience for an investor at this poitn to continue to wait it out, despite future drops and losses.

 

[zahidhussain]

Yes, a lot of person are already rich through bitcoin. That's because they bought bitcoin earlier in 2008 and refuse to panic sell during the heavy dip like you said.. I saw a post on Twitter last week by a guy saying "he bought bitcoin in 2009 with just $500 and he could not remember he logins, but after retrieving his login of recent, he became rich.

Yes, a lot of person are already rich through bitcoin. That's because they bought bitcoin earlier in 2008 and refuse to panic sell during the heavy dip like you said.. I saw a post on Twitter last week by a guy saying "he bought bitcoin in 2009 with just $500 and he could not remember he logins, but after retrieving his login of recent, he became rich.

Yes the people can rich through using the bitcoin in early the people can not know about the values of bitcoin but today's everyone can invest bitcoin and earn a lot of money easily and became the rich

 

[Bangiszz]

Bitcoin is quite possibly the most productive monetary instruments ever, yet following the number of individuals got rich from it is testing. Under the suspicion that one location = one proprietor, there are near 25,000 Bitcoin moguls today. There are presently more than 300 Bitcoin tends to holding more than $100m in BTC. Nothing is incomprehensible except for we should bear it in my that it RISES and FALLS so this relies upon time.

 

[tyrim88]

Investing in bitcoin can give you a huge return in your investment if you would be patient enough for its appriciation.
I Know people who bought this coin in 2012,and today they have made milloins in their investment.

 

[Sariana23]

From what I read in your thread, I understand that you know what you are talking about. I have no knowledge of bitcoin, but if I believe that people who know about it, and make a generous investment, can become rich. But I have also seen people who have invested and lost everything. Perhaps due to lack of knowledge.

 

[mubinadaddy]

A whole lots of people have become rich in trading bitcoin. Bitcoin is the fastest growing cryptocurrency which if you get hold of it you can never lose unless you can't wait for bullish to occur before selling it out.

 

[Good-Person]

The only possible way to become rich with bitcoin is to invest when the price is low and wait for the price to rise. Unfortunately, this is not an easy job and since bitcoin is unpredictable, there are no guarantees that you will necessarily make profits with bitcoin. So investing in bitcoin is not a magical way to become a billionaire but the chances are quite high that you will earn a good amount of money if bitcoin price rises.

 

[shalom]

A lot of people or should i say investors are already millionaires from investing and trading in bitcoin and even other cryptocurrencies. So yes people can be very rich just by investing in bitcoin.

 

[Akinwale701]

Absolutely. You can become rich with bitcoin whatever it rises or falls.
Many people get rich by investing in Bitcoin during 2008–2017. And after the dip in 2017, people started to trade bitcoin derivatives and options to get rich even the price keeps going down. Therefore, wherever you trade, investing in Bitcoin will get you rich. What you need is a bitcoin exchange offering a full range of trading products.

Then you can earn the profit whatever Bitcoin price goin up or down.

I love your first paragraph. it confirms the fact that it is indeed possible to become very rich by investing in cryptocurrency. all this will work out provided things go the way they are supposed to. One can also become extremely poor by investing in cryptocurrency as well.