If this person only made 330% starting in 2015, they did a horrible job and DIDN'T do better than the market from that time to now.
In 2015 Bitcoin hovered in the low $200s, for nearly the entire year. So presumably your friend had cost basis starting points between $200-250. 20 months later Bitcoin was in the $750-1000 range. If your friend ONLY made 330%, they sold TOO SOON!
If they had held on until 2017, selling closer to $1200, they would have made about 500%!
I'm happy for your friend but a 330% gains run is nothing in this world.
http://www.coindesk.com/price/
Topic: 4 Things I Learned as A Bitcoin Holder - page 2. (Read 5377 times)
Bitcoin = Long-term .....that is my moto... I bought a bunch of bitcoins when the price was about $400 and since then the price was very volatile,
but I kept at it and I hoarded... When the price reached $1200 .... I sold a bunch of coins and I made some crazy profits. I still kept enough coins
to profit from the future, but at this stage I have tripled my initial investment.... so my current investment is now nearly risk free. This is where
you want to be...
but I kept at it and I hoarded... When the price reached $1200 .... I sold a bunch of coins and I made some crazy profits. I still kept enough coins
to profit from the future, but at this stage I have tripled my initial investment.... so my current investment is now nearly risk free. This is where
you want to be...
Everyone cannot be lucky enough to get the profit out of it. Only few make it as an investment holding and wait for a long time, most others have the tendency to sell during small bumps and gain the profit. Patience is the must for such a profitability.
Why not we just learn from others mistakes. I do see many early adapters were crying out for their actions of not holding bitcoins like how Mr. Namamotto is still holding his bitcoins. If you are not an active trader, it would be highly recommended to hold bitcoins for years. Because only active traders will be having more profits than long term holder as they are continuously buying and selling bitcoins they do get more profits than just holding.I have learned the trick of holding bitcoins for long period after I am watching my friends doing so. Some of my friends are you holding bitcoins from the prices of ~$30 per one bitcoin to till now.
Everyone cannot be lucky enough to get the profit out of it. Only few make it as an investment holding and wait for a long time, most others have the tendency to sell during small bumps and gain the profit. Patience is the must for such a profitability.
Many tried that way dude, and they gain too much profit on that way they got doubled money after few months of waiting and patience. It is a long process of waiting to gain big profit from it.
Everyone cannot be lucky enough to get the profit out of it. Only few make it as an investment holding and wait for a long time, most others have the tendency to sell during small bumps and gain the profit. Patience is the must for such a profitability.
when you invest in an up and coming thing like bitcoin which has its price incerease in the long run then you only need to buy in the dips and forget about it. you can easily make profit, it is not rocket science to be hard.
like these days that price is falling, you buy now and hold it till the end of year for example or 6 months and make the profit, easy.
Yup! it is not a mere luck that they are profiting like that because in a much experience user of bitcoin one can certainly profit because of the price increase alone, and just like you said the value is starting to fall right now it is really best to convert back to bitcoin and buy and stock as much when the value is low then when the value start to rise again make a move in converting again back to the fiat wallet for your safe income at hand.
Everyone cannot be lucky enough to get the profit out of it. Only few make it as an investment holding and wait for a long time, most others have the tendency to sell during small bumps and gain the profit. Patience is the must for such a profitability.
when you invest in an up and coming thing like bitcoin which has its price incerease in the long run then you only need to buy in the dips and forget about it. you can easily make profit, it is not rocket science to be hard.
like these days that price is falling, you buy now and hold it till the end of year for example or 6 months and make the profit, easy.
Everyone cannot be lucky enough to get the profit out of it. Only few make it as an investment holding and wait for a long time, most others have the tendency to sell during small bumps and gain the profit. Patience is the must for such a profitability.
It all depends in decision making, analyzing what move to be made, joining a community for you to gain or to share knowledge.
Passive investment and short term investments in cloud mining and hyip's are bad options you'll only get scam and lose lots of money if you invested in those platforms.
You should find different methods in earning bitcoin without any investment but if you're good in trading you could try buying and selling altcoins and make a good amount of money.
Passive investment and short term investments in cloud mining and hyip's are bad options you'll only get scam and lose lots of money if you invested in those platforms.
You should find different methods in earning bitcoin without any investment but if you're good in trading you could try buying and selling altcoins and make a good amount of money.
Patience and Analyzing is the key to be successful in trading bitcoins and altcoins holding coins is not bad if you analyze if that coin is have a good developer or it will get pumped soon but holding maybe getting bad too if you choose a wrong coin or scam coins.
I've been using the same method as his, hold for a long time and wait for the ripe moment to offload the coins. It's a very common method, yes, but the returns are rather great than usual/normal if you are patient enough and you are not being afraid of losing money day by day. It is very rewarding in the long run, only if you take the risks and have big balls to not care about price drops.
Thanks for sharing this. Nice that he went out of his way to share his experience. Anyway he sold all his bitcoins because he don't know it anymore? Well that hit me a bit. I've only been introduced to bitcoin last December and really don't know much about all the technical stuff. All I know is that I have bitcoins, that it's fiat value increases over time and that I can use the wallet to send and receive money. That gave me pause thinking if I should convert more fiat into bitcoin. I couldn't care less about the ETF though what I'm worried about was these talks about this "forking". I feel now that I haven't even got to know it and it's already going to change. Thanks, really. This article was timely.
these Chinese are the people planning to bring down the value of bitcoin.......
Reading the article we can reach to the conclusion that Bitcoin is the currency to be invested. Use the biggest part of your money to buy Bitcoins and hold it, if you want to invest in another Crypto-Currencies use a small part of your money to do it. In the case of China, the country regulations can make the price fall or rise, that is important to observe also.
When someone try to invest and dare to take the risk, he've a chance for being success.
Chance means that he can also loss it but he decide take the risk, as my people named Oscar Darmawan also dare to take the risk and now he's rich from bitcoin
If you are able to make money with bitcoin either you have to invest when the bull run started and all those people who made a good amount of money could tell that they invested when the price was below $500 and they could yield a good amount of money when it raised over $1200 which is double their evaluation .It is a well written article and everything written in it are to the point . Chance means that he can also loss it but he decide take the risk, as my people named Oscar Darmawan also dare to take the risk and now he's rich from bitcoin
this story only tell me that there are people that are very lucky and other don't, and some people are perhaps unlucky at the beginning but then they get everything back, the karma is really a bitch with those people
Have you ever thought of why some people succeed in investing bitcoin while others lose? a chinese bitcoin holder shared his story about 4 things he learned from his successful investment in bitcoin.
Actually, he started with Litecoin, but lost everything. He began investing in bitcoin in 2015 and won a return of 330% in 20 months.
Read more about the story.
http://news.8btc.com/4-things-i-learned-as-a-bitcoin-holder
It was a good story and give a lesson to anyone here, I agreed on what he said that if you do not know what bitcoin is not invest in it. More prediction you give is the more you give yourself to be frustrate in the near future. And I do most of the time trade in a short terms, then I do also a long terms of trading. Actually, he started with Litecoin, but lost everything. He began investing in bitcoin in 2015 and won a return of 330% in 20 months.
Read more about the story.
http://news.8btc.com/4-things-i-learned-as-a-bitcoin-holder
I have learned many things will holding bitcoins
1. Patience is everything, even though at some cases panic selling occurs we shouldn't worry as it happens
2. Ignore altcoins, as we currently see altcoins are creating chaos and many people are telling bitcoin is over ignore them just stick with bitcoin.
3. Stay away from gambling and there bankroll.
altcoin is the best field and you can easily double your bitcoin thanks to them. To traders, altcoin is one of the tools which help them to earn success in life and make income almost everyday 1. Patience is everything, even though at some cases panic selling occurs we shouldn't worry as it happens
2. Ignore altcoins, as we currently see altcoins are creating chaos and many people are telling bitcoin is over ignore them just stick with bitcoin.
3. Stay away from gambling and there bankroll.
When someone try to invest and dare to take the risk, he've a chance for being success.
Chance means that he can also loss it but he decide take the risk, as my people named Oscar Darmawan also dare to take the risk and now he's rich from bitcoin
Chance means that he can also loss it but he decide take the risk, as my people named Oscar Darmawan also dare to take the risk and now he's rich from bitcoin
Have you ever thought of why some people succeed in investing bitcoin while others lose? a chinese bitcoin holder shared his story about 4 things he learned from his successful investment in bitcoin.
Actually, he started with Litecoin, but lost everything. He began investing in bitcoin in 2015 and won a return of 330% in 20 months.
Read more about the story.
http://news.8btc.com/4-things-i-learned-as-a-bitcoin-holder
In any endeavour there is always a loser and a winner it now depends on how chance is on individual side to determine who will win or lose. I dont see anything new I'm what he learnt as everyone here no matter how small you have invested in bitcoin, we have learnt one thing or the other and we will keep on learning. What matter is just getting ready for whatever will come out of every decision taken and that settles it. Actually, he started with Litecoin, but lost everything. He began investing in bitcoin in 2015 and won a return of 330% in 20 months.
Read more about the story.
http://news.8btc.com/4-things-i-learned-as-a-bitcoin-holder
Have you ever thought of why some people succeed in investing bitcoin while others lose? a chinese bitcoin holder shared his story about 4 things he learned from his successful investment in bitcoin.
Actually, he started with Litecoin, but lost everything. He began investing in bitcoin in 2015 and won a return of 330% in 20 months.
Read more about the story.
http://news.8btc.com/4-things-i-learned-as-a-bitcoin-holder
Very useful information.I too lost by investing in bitcoins and altcoins as a short term investment.I thought day trading would give me more profits,but almost 99% of trades,i ended only with loss.I too have left the day trading technique.I heard professional traders do trade only one or two trades a month and they earn more than short term traders who do around 20 to 30 trades in that one month. Actually, he started with Litecoin, but lost everything. He began investing in bitcoin in 2015 and won a return of 330% in 20 months.
Read more about the story.
http://news.8btc.com/4-things-i-learned-as-a-bitcoin-holder
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