Bitcoin's profit - page 26. | Bitcointalksearch.org

Yaunfitda

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Quote from: butrsukumpanumet on November 04, 2017, 12:45:07 PM

I heard people said that Bitcoin's profit is higher than profit of drug dealer, weapon dealers or profit of real property or any kind of stocks. Is that real ?

Your question doesn't make sense to me. How come bitcoin profit is higher? Maybe you are talking about the marketcap of bitcoin or the total marketcap of cryptocurrency which is $200B right now. But bitcoin earnings and drug earning are not comparable, so I don't know where you get this wild idea of course.

HabBear

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Quote from: puwaha on November 04, 2017, 12:50:26 PM

Quote from: butrsukumpanumet on November 04, 2017, 12:45:07 PM

I heard people said that Bitcoin's profit is higher than profit of drug dealer, weapon dealers or profit of real property or any kind of stocks. Is that real ?

No, that's not true... especially as a blanket statement. Sure you can find individual cases where that may be true, but the drug, weapons, real estate and stock markets are measured in the trillions.

I don't think this the right way to do think about this.

You have to think about it in terms of % growth over a defined period of time. The choice to have $10,000 or $10,000,000 on a "business plan" is an individual choice.

We've seen Bitcoin grow by more 7 times this year from the price we started the year at. Turning over any amount of money 7x in 11 months is incredible.

Anyone who compares investing in bitcoin to being a drug dealer or a weapons dealer is someone we don't want investing bitcoin. It's not for you. You don't help.

ralle14

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Quote from: eaLiTy on November 04, 2017, 05:09:45 PM

Quote from: butrsukumpanumet on November 04, 2017, 12:45:07 PM

I heard people said that Bitcoin's profit is higher than profit of drug dealer, weapon dealers or profit of real property or any kind of stocks. Is that real ?

I am not sure how much a drug dealer or a weapon dealer makes,can you consider it as a viable source of income without any legal implications Tongue

but one thing is certain it is much profitable than real estate and stock market if you were able to grab the coins at a very good price,if you look at the price growth in this year alone you will know the amount of profit that one could earn with the right investment.

According to google a small time drug dealer makes money between 3 to 4 digit weekly. If the deal involves more illegal stuff it'll be higher than that.

For OP, High risk = high reward always remember that. With bitcoin's price movement right now it's possible to make more and because of the hard forks happening recently.

Quote from: pelipurlara on November 04, 2017, 08:28:12 PM

yes I agree bitcoin has many advantages one of them is for bitcoin users or bitcoin investment is very safe and not illegal, unlike drugs that can violate many of the risks

Not all bitcoin investments are safe there's always a risk behind everything you invest.

Pearls Before Swine

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Quote from: avikz on November 04, 2017, 01:01:22 PM

Quote from: butrsukumpanumet on November 04, 2017, 12:45:07 PM

I heard people said that Bitcoin's profit is higher than profit of drug dealer, weapon dealers or profit of real property or any kind of stocks. Is that real ?

I strongly condemn the attempt of comparing bitcoin with drug and arms profit. Drugs and Arms dealers are the enemy of the society because they sell such a product which can ruin anyone's life. On the other hand bitcoin is truly a blessing to many people who are living a decent life and earning a decent income just because of bitcoin. Drugs and Arms are no match with bitcoin and should never be compared. It can however be compared with real estate investment because real estate investment is a legal one and doesn't really ruin anyone's life. Please don't compare or attach bitcoin with any negative things going forward.

He's not comparing them, really, except for the return on investment, and that's a legitimate
comparison I think.

Drugs and weapons are businesses which provide income. Bitcoin doesn't provide any income, only
capital gains or losses. You could probably say something like '$10,000 invested in _____ is worth
$____ today, and fill in bitcoin, drugs, weapons, or whatever. Not sure how you'd do it. In any case,
if you invested $10,000 in bitcoin in 2010 you'd probably have a hell of a profit, and if you did the
other things, you'd probably be in prison by now. So yes I think bitcoin would be the much better
option.

Beerwizzard

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Quote from: butrsukumpanumet on November 04, 2017, 12:45:07 PM

I heard people said that Bitcoin's profit is higher than profit of drug dealer, weapon dealers or profit of real property or any kind of stocks. Is that real ?

Emm... everything depends on the amount of our investments in your irl business if you comparing it to bitcoin, your business model, different law aspects and many other things. If you are dealing with BTC then you can just hodl it withoun any other expences. Since the beginning of this year its value increased several times, not every business have such profitability. But this comparison is still pretty rough. It is even worse that comparing the common investment and business profits. Everything depends on your skills and knowledge.

kaizerblitz

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Ofcourse bitcoin have growth too much this past 2years when the price of it x10 so if you 1btc way back in 2015 your a millionaire now and it will stop flying high.

bubblebit

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Any reason with this? Are you planning to be on those investments and doubtful if you can have the same profits with bitcoin. For sure, some will react as if this is not a controversial question to begin with. I don’t know how to compare a drug business and cryptocurrency as only a drug lord can and a Bitcoin investors will. Honestly I don’t know how to answer this without putting unnecessary words, so I just leave for others to do so.

This criminal activities must not even have to be mentioned in this forum for I think were the one painting bitcoin with this kind of bad image.

marjoree

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First, you should not compare it with drug dealers and weapon dealors and anything that is illegal because Bitcoin itself is very much legal and other countries are accepting it. Doing bitcoin takes a hardwork and patience. And drug dealers are on easy money making. But if you have invested a lot of money before then you are richer than them

pelipurlara

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Quote from: butrsukumpanumet on November 04, 2017, 12:45:07 PM

I heard people said that Bitcoin's profit is higher than profit of drug dealer, weapon dealers or profit of real property or any kind of stocks. Is that real ?

yes I agree bitcoin has many advantages one of them is for bitcoin users or bitcoin investment is very safe and not illegal, unlike drugs that can violate many of the risks

Aleator

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it just like you buy drug in cheap price then you sell it with high price, do you think it ? but drug have expired date(Maybe, i'm not drug user) but it doesn't happen to bitcoin where is no expire date when you hold it in your wallet. And bitcoin price is unpredictable it's different with drug.

cydrix

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Quote from: butrsukumpanumet on November 04, 2017, 12:45:07 PM

I heard people said that Bitcoin's profit is higher than profit of drug dealer, weapon dealers or profit of real property or any kind of stocks. Is that real ?

Yes but it takes a lot of work to do that and the miners all get that to provide service to our transactions they probably get 100 plus bitcoin each block and that is not easy work than of a drug deals but pays a lot to miners. They have rigs that is not some ordinary computers they has some next to supercomputers specs so cheers to them that bitcoin is still existing.

kafiddrhman

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I think if we have enough budget it would be better to invest in bitcoin for the long term because bitcoin prices still have the potential to continue to increase next year, which of course we will have the opportunity to be able to benefit from bitcoin in the future.

redhondaxrm125

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Quote from: butrsukumpanumet on November 04, 2017, 12:45:07 PM

I heard people said that Bitcoin's profit is higher than profit of drug dealer, weapon dealers or profit of real property or any kind of stocks. Is that real ?

Nope, i really do not think so. Illegal Drugs and weapons really are more Superior when it comes to volume of profits. But both can be really great partners is you ask me. Even real property have no match for illegal drugs and weapons. Would he nice investing all you get from illegal jobs to crypto currencies. That way, you might be able to change life.

pinoyden

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Quote from: kazukino1111 on November 04, 2017, 01:20:23 PM

Well it depends on who you r

yeah, this is right. it really depends on the person if he has a large capital invested on bitcoin then he can earn more compared to selling illegal things like drugs, arms or any kind of stocks. knowing that 1 bitcoin today is over 7000$ so if you are a whale or a big trader with lots of biitcoins in your wallet then your probably had a bigger profit compared to the ones that i mention. yet bicoin can not assure you a stable or a big income because of its volatility.

Skyborn

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The profit you can make from bitcoin is a lot compared to other investment alternatives like stock market, forex, real estate etc. But I still think drugs and criminality in general is a lot more 'profitable' but a lot more dangerous and pretty damn illegal. So for the average Joe it makes more sense to safely purchase bitcoin in the comfort of his own home than to run his own drug cartel.

Juliedarwin

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Quote from: butrsukumpanumet on November 04, 2017, 12:45:07 PM

I heard people said that Bitcoin's profit is higher than profit of drug dealer, weapon dealers or profit of real property or any kind of stocks. Is that real ?

Drugs is in real risky ,society can not accept it real. It can be able to put your life became down. Much higher the profit of drug dealer than the bitcoin profit because of the hide and seek to trade it. But the most important is the bitcoin is the fact to believe and it can accept the main society..

buharikx31

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I dont think so, but you can probably earn more then investing your money in to bank, the value of bitcoin raises faster then gold, but comparing to some businesses which make you bigger money from selling it

Milo_Kidd

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Quote from: butrsukumpanumet on November 04, 2017, 12:45:07 PM

I heard people said that Bitcoin's profit is higher than profit of drug dealer, weapon dealers or profit of real property or any kind of stocks. Is that real ?

It depends on how you manage to go earning. Yeah I know that you have a big profit on dealing drugs and weapons. But the risk of these because of it against the society. In bitcoin if you were ranked enough and have skills enough then big profit comes depends on hoe you used to it. So yeah if I were you I will go bitcoin than to risk your life dealing drugs and etc. that against society.

eaLiTy

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Quote from: butrsukumpanumet on November 04, 2017, 12:45:07 PM

I heard people said that Bitcoin's profit is higher than profit of drug dealer, weapon dealers or profit of real property or any kind of stocks. Is that real ?

I am not sure how much a drug dealer or a weapon dealer makes,can you consider it as a viable source of income without any legal implications Tongue

but one thing is certain it is much profitable than real estate and stock market if you were able to grab the coins at a very good price,if you look at the price growth in this year alone you will know the amount of profit that one could earn with the right investment.

Kelvinid

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Quote from: Creepings on November 04, 2017, 04:52:06 PM

Quote from: butrsukumpanumet on November 04, 2017, 12:45:07 PM

I heard people said that Bitcoin's profit is higher than profit of drug dealer, weapon dealers or profit of real property or any kind of stocks. Is that real ?

I don't know where you get this information or idea but I think that is not accurate. Just hearing this from people is not enough, it might be a gossip or something. If you really want to know the truth, approaching a drug dealer, a weapon dealer or a profit of real property or any kind of stocks is the best solution but in my opinion, their profit is more stable and good than bitcoin,

I agree.Maybe by today bitcoin profit is not that really big compared to the income from those people but if you happen to buy and save bitcoin since 2010,well i can say that bitcoin profit is much bigger than a drug dealer,a weapon dealer,or a real property profit.Just need to be intelligent and clever in bitcoin so you will really have a big profit.

Topic: Bitcoin's profit - page 26. (Read 4745 times)