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CryptoKris
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Joined: Sat May 04, 2019 1:12 am

Bitcoin will not make you rich

Sat May 04, 2019 1:18 am

Bitcoin will not make you rich

Bitcoin will not make you rich, yes, you heard right, bitcoin will not make you rich. Let me say that one more time, bitcoin will not make you rich. Sure you might invest in bitcoin and even double or triple your money over the long term, and there is nothing wrong with that. Hell no, that is a great investment, but unfortunately those investing in bitcoin today will not be insanely rich in the future, the reason being is that bitcoin has already exploded in value. Cast your mind back to 2009 when you could purchase a single bitcoin for just a few cents, fast forward to 2019 and bitcoins current price is well over $6,500. Now that is what I am talking about, that is serious wealth creation over a 10 year period.
Now let’s return back to reality for just one moment, the only way to repeat that phenomenal growth of wealth in the future is to find an alternative to bitcoin. Yes they do exists, a whole cryptocurrency market full of alternatives to bitcoin. They are called altcoins, altcoins are bitcoins cousins. Altcoins are usual very, I repeat very cheap, usually a few cents on the dollar, but can have insanely explosive growth. Crypto investors have reportedly purchased a lazy $1000 into these altcoins and returned millions in profits. Crypto traders buy small parcels of altcoins and watch their account balances explode in value. One such altcoin is Canyacoin CAN, it’s only a few cents on the dollar but will have explosive growth. So let’s recap…bitcoin will not make you rich, you are better of finding an alternative cryptocurrency to bitcoin. My suggestion would be to look at the altcoin called canyacoin CAN.
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shinratensei
Nickel Bitcoiner
Nickel Bitcoiner
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Joined: Tue Apr 16, 2019 12:59 am

Re: Bitcoin will not make you rich

Mon May 06, 2019 5:06 pm

I might agree with you on this but bitcoin is still the most secure coin one can invest in without the feeling of losing money, altcoins can make you rich and also can get you rekt. The issue lied in finding the altcoin that worth risking your money.
For me I prefer veil network
Bitcoin has the same possibility as altcoin too. Because it has started from nothing to something. Whole of crypto has a lot of possibility but we must see at the end of the story rather than judge it from the beginning of the story itself.
We have a lot of potential coin and the potential means that coin has a lot of chance to growth even more like veil, and anyother medium coin.
utility should be the main things to determine which altcoin that worth to invest.

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supremacy.oladele
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Re: Bitcoin will not make you rich

Wed May 22, 2019 6:35 am

I have mixed feelings, as far as I'm concerned , btc is the most popular cryptocurrency with a dominance of roughly above 50%, it is not a coin that will dip without going up again except the almight fall of December 18th 2017, on the other hand if you can jam good coin with a lot of potential with serious team and little supply like veil privacy coin. You can easily makes X2 or X3 profit buying it within few months of holding

Baesboo
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Re: Bitcoin will not make you rich

Mon May 27, 2019 2:56 pm

Well, I quite agree that bitcoin won't make you rich. It is true that BTC is king and altcoins movement and growth depends totally on it, but buying bitcoin at the current price cannot make you rich, Of course, this is unless if you have bought bags of it way before 2017. I'm all in on low market cap and low supply coins at the moment... Coins like Veil, ETN are coins that can make you rich.

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