Topic: Bitcoin Has Changed My Life 👨‍💻 - page 2. (Read 955 times)

If you really think about it this is not impressive at all, someone that can make almost 40% in profits per day will either become the richest person alive in just a few years or lose everything at some point, which one do you think it is the most likely outcome out of those two options? The latter without a doubt, then it should be obvious that keeping those results for the long term is impossible and the OP was just lucky, and since luck cannot be controlled sooner or later they will suffer a catastrophic loss.

$70 in two days just trading $100 is pretty impressive. Congratulations on the first profit you earned from Bitcoin. it was very lucky indeed because it is very rare to earn that much money with trading just $100. which exchange were you using? and what were your strategies? would be great if you could share some insights of your trading with us.
I am also saving to start trading so I could make some extra bucks daily. but I thought I would need more than $100 to begin with.

I see he has also realized that bitcoin trading is not gambling, I don't want to disappoint him but it can be said that he is gambling rather than actually trading bitcoin or being an investor bitcoin. For those new to the market, what they need is knowledge and experience with demo accounts, not a rush to make money. Maybe they made a profit, but it wasn't because of skill or experience but because of luck. To me, he is gambling, he should not rush to be happy and think he knows everything.

First, I want to congratulate you with success. Second, I want to warn you from from being to much cheered for your success. Easy money is intoxicating. You have been in cryptocurrency trading for 2 days only, while people have been there for years. Think of those $80 of profit as an accidental luck. Because not always you will end your trading day with profit. Making conclusions and setting goals after two days of successful trades is incorrect imo. Have you ever heard of such quotation as «beginners luck»?

I appreciate the optimism, but it's too early to celebrate. Just because you were able to grow your money doesn't mean you should assume the same will happen in the future. That's not how it works; trading has its ups and downs. So, as long as you experience more ups, that's the time to celebrate because you have achieved the consistency needed for long-term success.

Still, congratulations to you, though.

It's not just about the value going up, but it's also about being less vulnerable to an economic crisis and other problems that make the so-called tangible assets vulnerable to devaluation. Bitcoin got few fundamental characteristics to go up in value at least for next 100+ years which makes bitcoin a complete unique in the investment universe.

Even if you can't do everything using Bitcoin or cryptocurrencies, you will at least be able to get a higher value in fiat if you convert it later when the times are better and the economies are quite stable after a crisis.

It's volatile and people love it because it provides profits. Everyone likes earning money using their own money that is kept idle, and cryptocurrencies provide the perfect opportunities for that.

Gambling for newbies as well as old members are fully unsafe and insecure therefore one should give lesson about gambling to their families and children that how dangerous it is so whenever they grew up they will not choose such a hazardous earning mechanism.

At start everyone says that they have limited amount of cash for gambling and they do it according to certain plan but when they loss money then they fail to recall about planning and limitation and do what they want without any thoughts about its destructive effects.

I don't think that a person who is gambler will not be addicted because its reality that you enter unto gambling world then only psychologist can help you to leave it forever.

The inability for gamblers to follow their pre-determined goals such as gambling limits and avoiding greed on the long run have lead them to alot of challenges in their gambling journey, and there is no other way to get prepared more than what ops have done already,  but even for that he still need to be highly proactive and carrying out and following those principles he de set to keep him above possible addiction slids.


We have focused alot of efforts in warning newbies who are early in gambling to make sure they have all the necessary check in place and make all plans and mechanisms that will control the gambling activities, as they journey along the line and try to avoid gambling addictions in whatever form.

I just discovered your other Topic created by you on 23 September and after two days of it, you created another topic of the same situation. The difference between the two is not much difference but a small one in the past you just mentioned your loss and the rest of the thing is the same. I don't know why people are doing all this by flooding the forum with the same topics. A legendary member of this forum pointed out a person who did the same as you do and strictly forbade the rest to not use the same pattern so why are you doing this? I request that all my newbies Jr. members and members not flood the forum by doing this type of thing.

Well for Your post I appreciate your work but it's not a whole you just came and know about the trading and how it will occur and give you a profit. Remember one thing not invest all your assets just invest half of them and keep a backup if you lose half your investment then this half will help you for the next time.

Wait, just because you made those profits, you want to compare it to other jobs and say that they can't provide what Bitcoin does? Just because you won two trades and made some profits out of it doesn't mean you will continue to make profits in the future. Trading is a risky job and contains both wins and losses. How could you compare that to other high-paying jobs? If you have the ability you can become successful from anything.

Learn to lose first. Only then you can understand what it means to trade. Just remember this "Only trade what you can afford to lose". You can't make a living out of it.

You traded Bitcoin which is a good move but I think you need to explain a bit to us what you mean by you traded Bitcoin. Did you traded Bitcoin pairs or you were buying and reselling it to others? I think the answer to this would clear my curiosity of what you meant by you traded Bitcoin. So surprised how you were able to make $70 in two days.

 This is very impressive and I hope you keep making profits like this especially when we try as much to work on greed because that is what normally makes people to end up losing big in trading like you ahve discribed. Whatever thing you are doing you need to make sure that you try as much to work on yourself because the market changes with time and what works before might not work again.

Widening your options and alternative source of incomes is really the best thing to do rather than focusing on one like in crypto industry, cause there's no guarantee that you will always profit here due to volatility. Investing in every profit would expand your money sources as well your income. Actually there's nothing wrong on focusing on one thing as your money sources despite the risk, since you're already familiar and experienced in one industry so investing onto something you don't have any background or knowledge would be a waste. Maybe it's a good choice if you're attaining knowledge first before risking your profits or funds.

I think having several types of income is a good choice rather than just getting income from crypto or physical businesses. I agree with you, we can't know whether crypto will last forever and we can't predict that either. I also think that many people are using the profits from their crypto to use to build physical businesses, of course this will be better because they don't just hope for it. just one income. You are right that building a physical business is very important because we can easily teach it to the people closest to us, but only some people like crypto and it is difficult to find people who can teach crypto well.

Say about safety and reliability of traditional market sector and economy of the country to the people of Ukraine, me included. Only citizens of stable developed countries can afford themselves to count on traditional finances and investments. But when your whole life you experience 2 revolutions and a full scale war, you start to think differently. That is when bitcoin is coming out into the light and you realise that the risk is worth taking. Because you have no other options.

What do you talking about? Traditional business and physical business are more uncertain than cryptocurrency?, LOL. A market that is only 14 years old and has a capitalization that is only 1/20 of the market capitalization of gold and will be nothing compared to traditional business, real estate or the stock market. So how can it be said to be more secure and certain? Besides bitcoin, which is considered the safest on the market, the remaining cryptocurrencies are nothing more than gambling, only used for hype and then disappear. Where do you find it safe?

You, me, and everyone who invests in bitcoin and cryptocurrencies want to get rich quickly from their volatility. They have never been safe but for profit we are taking more risks to get bigger profits.

Using bitcoin revenues to establish other businesses or make money makes sense. That way, you wont put all your eggs in one basket. You have a backup plan if the crypto market tanks. This approach is fair, helpful, and provides a safety net for tough times. Yes, trading bitcoin or other cryptocurrencies goes up and down and isnt a suitable long-term investment.

I'll add that you need a reliable revenue stream that can weather market changes, not just another means to generate money. Understanding that the crypto market will end is moral. Thinking and moving forward is crucial. You must consider more than the present. How will you react if the bitcoin market crashes? Your thoughts help others learn, improving their financial future. What if the future was here but we didnt realize yet?

In a typical way it is really ideal to use the source of income is the business and other assets that are more tangible than crypto because in the future the value might move not as fast but there's an assurance you can do anything on it well depends on the concept and the place of course. But today some of people today are using the technology or the crypto world itself to gain money beside of it, as long as you keep earning its good. At some point they are now doing the crypto as source of their income like trading still good run to use this to help your current status.

In my opinion things are totally opposite. It is precisely the uncertainty in physical business and traditional investment methods that is pushing to invest in cryptocurrency. And when bad times come, such as an economic crisis, bank collapse or war, cryptocurrency can survive it and stand, since it is not tied to any national economy. Unlike a physical business, which will definitely feel the full impact of hard times.

Everything we do today as far as our earnings is from crypto space, I don’t think we are 100% sure that it will last forever, but rather we use it for a main purpose or we use it to create another way of earning money outside the crypto space, such as physical business or something similar to that, so that anytime we experience losses or bad times here, we can confidently go back there without suffering from financial problems.

I will also like to add on to what you have told the OP. Business is very important. Most people I know use the money they get from crypto to create businesses, so if the OP also does that, it will be helpful for him. Rather than just depending on trading bitcoin, people lose and most normally don't get their money back because the more you trade, the more you will gain profit. Sometimes you will lose, so, OP, don't build your career trading bitcoin; find another way of earning.

Exactly my friend, investing is not really as easy as you think, I think it is not uncommon for some to end up backing out and turning around because they are not strong with everything that is there, especially the risks. Therefore in my opinion it is better that way if indeed you are not strong or unable to with the level of risk that exists, it is better than you continue to do it but are not willing to struggle and learn for a better progress or future, if you continue to do it then I will say that it is quite nonsense, you come to profit but do not bring any fishing gear at all. Therefore, we really need to consider before it's too late and suffer a lot of losses, I think it's not wrong for us to consider.

Agreed and indeed many people have such expectations, they come with the aim of getting rich quickly, I'm not saying it's entirely wrong because there are already many successful people in this profession, but maybe their mindset is too ambitious and excessive. Disappointment will definitely be there because the name of the investment there is definitely such a thing as profit and loss, therefore you must remain firm on your best plan. quite dangerous if you bring the mindset of wanting to get rich quickly because it really involves greed. So just be wiser because the risk will definitely remain.