Topic: Has anyone NOT made profit in this astonishing bull run?? (Read 4928 times)
I am the one I never make profit I dint had a guts to buy I was sticking into signature faucets and day trade I dint buy and hold so I couldn't able to make huge profit
I dint get huge profit but some I got by just holding bitcoin and expecting some profits for the tokens holding on in my ethereum wallet . I will keep 6 months more and see the profit.
My belly is full of profit. I have done nothing but hodl some alts (and of course BTC). All my losses are wiped out.
Has anyone NOT made profit during this bullish 18 month boost from $8bn to over $30bn total crypto market cap??
Some say it was always going to happen, but it's still astonishing to me.
Has anyone NOT made profit during this bullish 18 month boost from $8bn to over $30bn total crypto market cap??
Some say it was always going to happen, but it's still astonishing to me.
I haven't made any profits from ETH till now. Previously, I got my fingers burnt while trading in Litecoin and Namecoin. So this time, I stayed away from Ethereum and Ripple. To my dismay, I could only watch as the prices of ETH jumped from $2 per token to almost $400 per token in less than a years' time. But now I am glad that the exchange rates are going down.
obviously everybody made great profits because pretty much any coin went up 
Of course there is, the one who didn't invested in what you so called bull run. $30 billion market cap it is but bitcoins value as of now is playing around 2.4k to 2.6 with a $42 billion market cap, so hard to understand the pricing though.
if we remove China miners
No one 'd have power to do that, and no one've. Praise the free market! HODL. Cryptocurrencies are so useful, that only $30 bln part of global financial market is a joke
This. Sure, we will have issues, drama, politics, manipulation but eventually none of the should matter.
HODL. Cryptocurrencies are so useful, that only $30 bln part of global financial market is a joke
This. Sure, we will have issues, drama, politics, manipulation but eventually none of the should matter.
I feel dirty inside.. i need a shower ..i have the ROI's 
Staff at Bittrex know what i got maybe $50 in coins.. no big whoop.
Then again i don't know i only look every couple months
I turned 0 cents into 12k before so if i wanted to i could turn that 50 into 500 or even 5000.
I know 100% guaranteed.. although it would require a hell of a lot of effort.
And in the current climate i would have to pick & choose which coins to trade.
You see guys that is where the profiteers side step morality.
Not only did i make 12k before but i tried my damnedest to do it not supporting crappy coins.
Or at least avoiding the worst of them.. such as any and all ICO coins.
It's possible but harder to make money off legit coins.
Being a sleazy scammy corrupt greedy asshole for money is easy.
Staff at Bittrex know what i got maybe $50 in coins.. no big whoop.
Then again i don't know i only look every couple months
I turned 0 cents into 12k before so if i wanted to i could turn that 50 into 500 or even 5000.
I know 100% guaranteed.. although it would require a hell of a lot of effort.
And in the current climate i would have to pick & choose which coins to trade.
You see guys that is where the profiteers side step morality.
Not only did i make 12k before but i tried my damnedest to do it not supporting crappy coins.
Or at least avoiding the worst of them.. such as any and all ICO coins.
It's possible but harder to make money off legit coins.
Being a sleazy scammy corrupt greedy asshole for money is easy.
Nope and i don't care either.
I had a few LTC i bought with BTC dust while back but that is so little it don't count.
And i told ya LTC would Moon guys
I come by here to see how things are going.. to see if a Bitcoin Killer is launched etc.
I don't come here to count my ROI's.
I think i stopped doing that in the start of 2014 roughly (soon after Doge got popular)
I had a few LTC i bought with BTC dust while back but that is so little it don't count.
And i told ya LTC would Moon guys
I come by here to see how things are going.. to see if a Bitcoin Killer is launched etc.
I don't come here to count my ROI's.
I think i stopped doing that in the start of 2014 roughly (soon after Doge got popular)
I also said LTC would moon, and that DOGE would wake from it's sleep.
If you have some BTC & LTC then, unfortunately brother Spoetnik, you've made some ROI!! How little LTC do you have to have for it to make no difference? Even 1 LTC bought years ago is a lot of ROI and I seriously doubt that you have just 1 LTC!! I bet if you revealed your secret stashes our jaws would all drop open and only shut with an Anthony Joshua uppercut!
Don't be upset about your ROI. Embrace it!
The bitcoin killer you're talking about might already be right there in the mix. Rome wasn't built in a day. I don't expect to see a new technology come from nowhere and jump straight to slaying the almighty BTC. IMHO it will takes years of hard work and development to overhaul BTC. The BTC killer will most likely come from the current crop of cryptos.
And remember...... DOGE is just a refactored LTC with exactly the same use cases. I know you've hated it for years but there are many cryptos that people feel the same way about as you feel about DOGE. They're all part of the crypto industry, for better or worse.
OP: Are you referring to "realized" or "unrealized" profit?
You'll have to define what both of those terms mean to you."unrealized profits" = paper profits. In other words you are up and in profit, but because you haven't sold, it's unrealized, and could vanish at any time if the price goes down.
Realized profits are profits where you have actually sold for an actual profit.
Yes, but if you sell and take your profit in BTC is it actually "realized profit"? All you'd be doing in that case is moving from one blockchain token to another blockchain token. The profit is still just paper profit so what's the point?
Or do you mean realized profit in terms of cashing completely out to FIAT?
I asked because I'm sure people have differing definitions of what realized and unrealized profit means to them.
OP: Are you referring to "realized" or "unrealized" profit?
You'll have to define what both of those terms mean to you."unrealized profits" = paper profits. In other words you are up and in profit, but because you haven't sold, it's unrealized, and could vanish at any time if the price goes down.
Realized profits are profits where you have actually sold for an actual profit.
HODL. Cryptocurrencies are so useful, that only $30 bln part of global financial market is a joke
It also can be more eco-friendly if we remove China miners. BTC cost unbelivable electricity cost. In near future it will spend like a whole Denmark! For what purpose??
PLease let do something with this. We can not spend so much for nothing, it is obviously very old technology right now in meanign of it mining. ASIC is deadman. They will need atom reactors soon! BTW it is more ecofriendly, why we not move all mining to France? They have 70% of electricity from atom energy. At least it will not harm nature so bad.
It was good for PC mining, but now? Wake up!
For ASICS you need more than cheap electricity , you also need a cooler climate.
It actually gets too hot in France in the summer to be a good location for ASICS.
Also the increased regulations for nuclear plants does add to the electricity prices.
Cheapest electricity is normally from Hydro electric.
Proof of Stake is the only way to stop the waste of electricity that PoW coins are becoming.
Bitcoin : Energy Wasteful 343 megawatts would be enough to power 285,833 US homes per second
Which becomes:
20,580 Megawatts per minute
1,234.800 Gigawatts per hour
29,635.200 Gigawatts per Day
10,816.848000 Terawatts per Year
https://www.thebalance.com/how-much-power-does-the-bitcoin-network-use-391280
Proof of Stake is Harder to Calculate , Because it is extremely more energy efficient
Because it can be run as a Minimized app on a PC, while the PC is performing other Functions
Example:
A Web or File Server is running 24x7 anyway, running a minimized app in addition would not show any noticeable increase in electricity required
So for a Large Portion of Users there will be a ZERO increase in Energy Usage.
But for your example , Let's say the PC is dedicated to Proof of Stake only.
Average PC runs at 100 watts.
PoS network with active nodes
1 node in 24 hours uses 2.4KWh
In 1 year 1 node uses 876 KWh
Minimum nodes for a PoS network to run
3 nodes would use 2,628 KWh per year
Larger # of Nodes
12 nodes would use 10,512 KWh per year
100 nodes would use 87,600 KWh per year
1000 nodes would use 876,000 KWh per year
10000 nodes would use 8,760 MWh per year
* If the PCs were being used for other tasks or only used a few hours a day, then the energy draw would be significantly less.
But in a Quick Yearly Compare
10,000 PoS nodes use less than 9 MWh per year Verses BTC using Over 10,000 TeraWatts
Or put another way ,
the BTC network uses more electricity in 1 Minute 20,580 Megawatts per minute
than a Proof of Stake Network would use All Year 8,760 Megawatts per Year
FYI:
BTC Energy drain calculations above only uses the ASICS, but they also have ~6000 PCs that run as Nodes to store & transmit the blockchain, and their electricity usage would be comparable to a PoS node. We also don't know if the cooling systems were included in the BTC calculations or not.
When , not if a Proof of Stake takes BTC place as head of the Coin world, the energy savings will be tremendous, because as BTC keeps drawing more and more power they are raising the electricity prices across the world to compensate for the increased infrastructure to support their wastefulness.
Even if you are not a miner, they are driving your electricity prices up.
Which becomes:
20,580 Megawatts per minute
1,234.800 Gigawatts per hour
29,635.200 Gigawatts per Day
10,816.848000 Terawatts per Year
https://www.thebalance.com/how-much-power-does-the-bitcoin-network-use-391280
Quote
At the time of writing, the computers on the bitcoin network were doing 342,934,450 Gigahashes per second.
There are lots of different bitcoin mining computers out there, but in recent months, companies have focused on ASIC miners, which use less energy to conduct their calculations. Mining companies that run lots of ASIC miners as businesses have told me that they use one watt of power for every Gigahash per second of computing that they do when mining for bitcoins.
At this rate, the bitcoin network runs at 342934450 watts, which equates to around 343 megawatts. Calculations based on EIA data reveal that the average US household consumes about 1.2 kilowatts of power, meaning that 343 megawatts would be enough to power 285,833 US homes at the time of writing (May 2015).
There are lots of different bitcoin mining computers out there, but in recent months, companies have focused on ASIC miners, which use less energy to conduct their calculations. Mining companies that run lots of ASIC miners as businesses have told me that they use one watt of power for every Gigahash per second of computing that they do when mining for bitcoins.
At this rate, the bitcoin network runs at 342934450 watts, which equates to around 343 megawatts. Calculations based on EIA data reveal that the average US household consumes about 1.2 kilowatts of power, meaning that 343 megawatts would be enough to power 285,833 US homes at the time of writing (May 2015).
Proof of Stake is Harder to Calculate , Because it is extremely more energy efficient
Because it can be run as a Minimized app on a PC, while the PC is performing other Functions
Example:
A Web or File Server is running 24x7 anyway, running a minimized app in addition would not show any noticeable increase in electricity required
So for a Large Portion of Users there will be a ZERO increase in Energy Usage.
But for your example , Let's say the PC is dedicated to Proof of Stake only.
Average PC runs at 100 watts.
PoS network with active nodes
1 node in 24 hours uses 2.4KWh
In 1 year 1 node uses 876 KWh
Minimum nodes for a PoS network to run
3 nodes would use 2,628 KWh per year
Larger # of Nodes
12 nodes would use 10,512 KWh per year
100 nodes would use 87,600 KWh per year
1000 nodes would use 876,000 KWh per year
10000 nodes would use 8,760 MWh per year
* If the PCs were being used for other tasks or only used a few hours a day, then the energy draw would be significantly less.
But in a Quick Yearly Compare
10,000 PoS nodes use less than 9 MWh per year Verses BTC using Over 10,000 TeraWatts
Or put another way ,
the BTC network uses more electricity in 1 Minute 20,580 Megawatts per minute
than a Proof of Stake Network would use All Year 8,760 Megawatts per Year
FYI:
BTC Energy drain calculations above only uses the ASICS, but they also have ~6000 PCs that run as Nodes to store & transmit the blockchain, and their electricity usage would be comparable to a PoS node. We also don't know if the cooling systems were included in the BTC calculations or not.
When , not if a Proof of Stake takes BTC place as head of the Coin world, the energy savings will be tremendous, because as BTC keeps drawing more and more power they are raising the electricity prices across the world to compensate for the increased infrastructure to support their wastefulness.
Even if you are not a miner, they are driving your electricity prices up.
* The main problem PoS coins face is inflation, @ZEIT we will be changing to a PoST Coin with ultra low inflation, solving the inflation problem for good.
HODL. Cryptocurrencies are so useful, that only $30 bln part of global financial market is a joke
It also can be more eco-friendly if we remove China miners. BTC cost unbelivable electricity cost. In near future it will spend like a whole Denmark! For what purpose??
PLease let do something with this. We can not spend so much for nothing, it is obviously very old technology right now in meanign of it mining. ASIC is deadman. They will need atom reactors soon! BTW it is more ecofriendly, why we not move all mining to France? They have 70% of electricity from atom energy. At least it will not harm nature so bad.
It was good for PC mining, but now? Wake up!
Nope and i don't care either.
I had a few LTC i bought with BTC dust while back but that is so little it don't count.
And i told ya LTC would Moon guys
I come by here to see how things are going.. to see if a Bitcoin Killer is launched etc.
I don't come here to count my ROI's.
I think i stopped doing that in the start of 2014 roughly (soon after Doge got popular)
I had a few LTC i bought with BTC dust while back but that is so little it don't count.
And i told ya LTC would Moon guys
I come by here to see how things are going.. to see if a Bitcoin Killer is launched etc.
I don't come here to count my ROI's.
I think i stopped doing that in the start of 2014 roughly (soon after Doge got popular)
Apple marketcap is more than 750Billion so this is nothing compare to that.
yes im broke:)
I am trying to look for those alt coins that are newly paired. Almost always a safe bet for a short run.
Me, more or less. The irony is that I lost out on making a profit because I spent bitcoin. And if you ever needed proof that bitcoin is doomed as a form of money, there you go. When people want to hold onto something instead of spending it, that's a lousy currency.
Can confirm. Most of the time I want to make a purchase but I'm held back by the fact that the price could shoot up and I could be out of a couple bucks that I could've gained if I had just held. The way I see it, Bitcoin is more of a storage device than a currency, considering most people in the speculation section of the forum seem to like holding, as do I.The thing is it's hard to back the value of a virtual assets where its disconnected from "real economy" and you cant really exchange it for much anything else than fiat or other crypto.
OP: Are you referring to "realized" or "unrealized" profit?
You'll have to define what both of those terms mean to you. Jump to: