Can Bitcoin Trading Make You Rich? See How Profitable Bitcoin Trading Can Be And An Example Of A Profit Rocket
A lot of people want to know, “Can Bitcoin Trading Make You Rich?” Well, I guess that depends on your definition of “rich”.
I look at it this way.
I want to secure my financial future by making extra money and then putting that extra money to work to make more money. And since I got a late start investing, I want to invest in a way that accumulates wealth faster than other investment opportunities.
Basically, by beating other investment methods and the power of compound interest, I can make the wealth I need in the time I have.
And of everything I do to accumulate wealth faster, Bitcoin trading is the wealth accumulation activity with the highest profit potential.
So, can Bitcoin trading make you rich? Depending on how much money you need to consider yourself rich and how much time you have… yes it can.
But more importantly, there is so much profit potential trading Bitcoin that it should not be ignored. Anyone looking to accumulate wealth and secure their financial futures should add Bitcoin trading to their wealth creation activities.
In the rest of this post, I’ll go over how I trade Bitcoin, give examples of the profit potential of trading Bitcoin and explain what I mean by “Profit Rocket”.
I suggest you read the post through once, then use the Table Of Contents to revisit specific sections you want to explore in more detail.
Whatever you do, don’t miss the section about “Profit Rockets”.
How I Trade Bitcoin
First thing first. In order to answer the question, “Can Bitcoin trading make you rich?”, we first need to establish what I mean when I say “Bitcoin trading”.
There are many ways to make money from the Bitcoin market, and I go over a lot of them here:
But my favorite way to accumulate wealth from the Bitcoin market is through trading. And by trading I mean trading the BTCUSD currency pair.
It only makes sense.
I am primarily a Forex trader. This means I trade currency pairs. So why not just use all my experience to trade the Bitcoin vs US dollar currency pair?
That is exactly what I do.
- I use a Forex broker that allows me to trade the BTCUSD currency pair
- I apply a simple trading strategy that catches big moves
- I focus on risk to reward and can catch moves up to 10 TIMES my risk
- And I take a long term view of my Bitcoin trading
But there is something else I do which not a lot of people talk about. I trade the Bitcoin market for profits in BOTH fiat currency (US dollar) and Cryptocurrency (Bitcoin).
This actually has a lot to do with answering the question, “Can Bitcoin trading make you rich?” So, let’s make the question a little more specific and answer each one:
- Can Bitcoin Trading Make Your Rich By Trading For Fiat Currency?
- Can Bitcoin Trading Make You Rich By Trading For Bitcoin?
Can Bitcoin Trading Make Your Rich
By Trading For Fiat Currency?
When opening a Forex broker account, you decide in what currency you fund the account. Most brokers offer a variety of fiat currencies you can use to fund your account: USD, EURO, etc.
So, if you fund your account in US dollars, your profit and loss is reflected in US dollars, regardless of the currency pairs you trade.
This means I can trade the BTCUSD currency pair and collect my profits in US dollars.
Let’s see what kind of profits I’m talking about here:
These are exceptional profits and show how profitable Bitcoin trading can be. Plus, due to the power of compounding, your profits can build quite quickly.
Imagine starting with just $2,000 and building your account up to over $210,000 in just 4 years.
Do you think Bitcoin trading can make you rich with results such as these?
But here is something else to consider…
You can also use Bitcoin trading to increase your Bitcoin holdings. And the profit potential doing this is simply amazing.
Can Bitcoin Trading Make You Rich
By Trading For Bitcoin?
Some Forex brokers allow you to fund your account in Bitcoin. This means your profit and loss is reflected in Bitcoin. So, I can use trading the BTCUSD currency pair to GROW my Bitcoin holdings.
Just think about how powerful this is.
I can grow my Bitcoin holdings by trading the BTCUSD currency pair, which has proven to be highly profitable. And if Bitcoin’s price continues to rise… I’ll have more of it.
From my Forex trading, I call moments of high profitability “Profit Geysers”. But the extreme profits possible trading the BTCUSD currency pair for Bitcoin is so potentially profitable, I call it the “Profit Rocket”.
What Is A “Profit Rocket”?
A “Profit Rocket” is what I call the potential profits possible when trading the BTCUSD currency pair for Bitcoin. In order to experience a “Profit Rocket” you need to have two things happen:
- You increase your Bitcoin holdings through Bitcoin trading
- The price of Bitcoin goes up
The best way to understand this is to use an example. At the time of writing this post, my account just experienced a “Profit Rocket”.
Let’s use an example showing the last 3 trades of 2020 from Bitcoin Signals Blast Off.
Suppose back on October 15th you bought some Bitcoin when the price was around $11,300.
You bought a ¼ of a Bitcoin (0.25) for $2,825.
This is what you funded your trading account with and started trading the signals. Here is how the trading went using 5% per trade:
- Trade 1: 10 TIMES winner (50%). 0.25 + 0.125 = 0.375 Bitcoin
- Trade 2: Loss (-5%). 0.375 – 0.01875 = 0.35625
- Trade 3: 14 TIMES winner (70%). 0.35625 + 0.249375 = 0.605625
So pretty great right. You increased your Bitcoin holdings from 0.25 to 0.605625.
If the price of Bitcoin was still $11,300:
- 0.605625 * $11,300 = $6,843
- $6,843 – $2,852 = $3,991 in profits or 139%
And those are impressive profits indeed.
But the price of Bitcoin has now skyrocketed to @ $31,000 (at the time of writing this). So, the real profits are much higher.
- 0.605625 * $31,000 = $18,774
- $18,774 – $2,852 = $15,922 in profits or 558%
See what I mean… a Profit Rocket.
When you increase your Bitcoin holdings AND the price of Bitcoin goes up… the profit potential is ENORMOUS.
Do you see what I mean?
Trading the BTCUSD currency pair for fiat money is extraordinarily profitable. It is actually the wealth accumulation activity with the most potential profits in my toolbox.
But it is nothing compared to the potential profits of trading the BTCUSD currency pair for Bitcoin AND Bitcoin’s price increasing, like just happened.
This is why I am Bitcoin trading (and Ethereum trading) for profits in Bitcoin. I want more Bitcoin holdings, so if Bitcoin’s price continues to rise I’ll have more of it.
And my actual profits will be exponentially higher.
How To Trade Bitcoin Like I Do
At this point you should be excited. If you wanted to know “Can Bitcoin trading make you rich?”, I think you know the answer. Bitcoin trading certainly has the potential to increase your wealth faster than anything else I’ve experienced.
And here is the good news, it can be easier than you think.
If you can follow some simple instructions a few minutes a trading day, you can copy my results. I send my subscribers an email with all the trading instructions, once a day. Do what I do, and duplicate my results… it is as easy as that.
Look, Profit Rockets don’t happen all the time. As with any trading, there are going to be times of drawdown, consolidation and growth. But I think you’ll agree… the growth potential is HUGE.
Too BIG to ignore, anyway.
Now that you’ve read this post, answer this question for yourself.
Can Bitcoin trading make you rich?
To Your Wealth,
If your still not ready to start Bitcoin trading to accumulate wealth, get this free training: