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    Author Topic: What is your plan to get rich with Bitcoin?  (Read 265891 times)
    JayJuanGee
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    Self-Custody is a right. Say no to "non-custodial"


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    May 24, 2016, 09:20:50 AM
     #2141

    My plan to get rich with bitcoin is to simply use bitcoin as a savings protocol to encourage me to save money. I usually waste my money spending on things that I don't need at all. But with bitcoin and I watch my balance grow over time and that is pretty satisfying for me.

    At the same time, I can get rich with bitcoin by holding it. I believe that bitcoin still has a long way to go both as a currency and its price. I buy it as an investment and as a store of value.


    How much are you able to save (invest) and how frequently, and then what is your timeline?  For example, 2 years or 5 years or 10 years?  For example, maybe you are able to invest $100 per month but as your cash flow increases you are able to invest $200, $300 per month or more, and maybe with price fluctuations, etc, you may be able to attempt to time it a little bit and then accumulate 10, 20 or 30 btc or more over the next 5 years, but then maybe BTC's by then will be worth $2,000, $5000 or $10,000 or more?   But, yeah, a good idea to invest slowly over a longer time period and to continue to attempt to accumulate as much as you can without sacrificing yourself too much.

    1) Self-Custody is a right.  Resist being labelled as: "non-custodial" or "un-hosted."  2) ESG, KYC & AML are attack-vectors on Bitcoin to be avoided or minimized.  3) How much alt (shit)coin diversification is necessary? if you are into Bitcoin, then 0%......if you cannot control your gambling, then perhaps limit your alt(shit)coin exposure to less than 10% of your bitcoin size...Put BTC here: bc1q49wt0ddnj07wzzp6z7affw9ven7fztyhevqu9k
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