[HOT]Bitcoin is getting rich quickly? - page 2.

kryptqnick

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Quote from: gentlemand on May 29, 2020, 04:56:31 PM

Quote from: gidobeen on May 29, 2020, 04:54:10 PM

Can you specify more?, Dear friend

My darling, I have done all I can.

Getting rich quickly with Bitcoin is largely a matter of luck followed by the discipline to leave before it collapses again. I don't have a great deal of either.

Many people get the shit kicked out of them and have to stick it out to benefit on the other side.

Yes, given the purpose of Bitcoin and how volatile it is, I don't think it should even be considered as a 'get rich quickly' scheme. All those people who bought BTC during the ATH (when it cost around $20k) lost immense amounts of money and are still 50% short of what they spent on the purchase after 2.5 years (if they were holding the whole time). It's an easy to win with BTC as it is to lose, especially short-term.
And speaking of the example by gidobeen, if one has enough money to buy 100 BTC, this person is already rich, and $500-$1k is next to nothing for this person.

Assface16678

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I think the topic you are opening is good for trading because it is you are the luckiest person and the riches one once you made an investment into the bitcoin in just 9k dollar market value and you make a profit when the price goes up into 9010 dollars it is quite impossible that you can get a lot of profit on just that movement even an investment you cannot earn double up your money like not but in trading, it is quite possible because we are using the market volatile to make more money.

On investment, there is a possible chance that you only earn ten (10) percent or less on your profit if the market moves up into 1k dollars. In trading, you can make a lot of earning because of the market margin this may help you to double your funds immediately which is a good and instant profit I think you got a misconception on the use of the bitcoin. Read more and learn more also learn from the comments and suggestions by the other people.

Asuspawer09

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Quote from: gidobeen on May 29, 2020, 03:33:01 PM

Let's give an example of you bought 100 BTC at 9000$ Price and the price went 9010$ in seconds then you sold, so your profit will be 1000$, may 500$ fees, but the another 500$ you made it profit in seconds!

Let's discuss at the point!

You are correct some points if we are not going to consider the fees here your calculations are correct you could really earn that amount easily. Buying low and selling it for the high, it's still the best method.

It is just how the market works the higher the volume you buy for sure when the market price of bitcoin spikes the higher the profit you are going to get, but it was a big investment since you are buying a high volume of bitcoin also investing in high volume includes a big risk the easier you could earn a big profit the riskier its gets since when the market price drop even for a low amount you could easily lose a big amount of money.

GreenMelon

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Quote from: gidobeen on May 30, 2020, 05:03:14 AM

Let's give an example of you bought 100 BTC at 9000$ Price and the price went 9010$ in seconds then you sold, so your profit will be 1000$, may 500$ fees, but the another 500$ you made it profit in seconds!
Let's discuss at the point!

Lol, you will make a flood in market in the case,
When you buy 100 BTC at the moment of price is 9000$
Then the price can go 10,000$ in seconds, this will make all sell, and price will go very low, and if won't happen, then you will sell at 9010$ and the price will go 7000$ or low in seconds,,,

The high amount the high change at price

Mpamaegbu

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Quote from: gidobeen on May 29, 2020, 03:33:01 PM

Let's give an example of you bought 100 BTC at 9000$ Price and the price went 9010$ in seconds then you sold, so your profit will be 1000$, may 500$ fees, but the another 500$ you made it profit in seconds!

Let's discuss at the point!

This is the simple reason whales get richer at each little opportunity. Just imagine the little profit but great when multiplied by the huge investment of $900,000. How many people can afford such capital to invest in? Not many, anyway.

Quote from: gentlemand on May 29, 2020, 04:04:50 PM

I got into Bitcoin just before the bubble of 2013. One week later it exploded and carried on exploding for weeks.

'Holy shit. This is incredible. It's like a money fountain. I am set, baby.'

After eight orgasmic weeks 2014 arrived and kicked my balls through the top of my head. I was in the red for the best part of three long and agonising years. It got there in the end. It sure as shit made me work for it.

What happened in 2013 also happened in 2017. It's an interval of 4 years. The same is expected to happen in 2021. It's the after effect of Bitcoin halving. From record, Bitcoin soars out of reach a year after every halving.

alquinte

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Well you first need to have the proper capital to do that.
You also need to know the risks of course. This is where my main way of thinking comes along: only invest as much as you are willing to lose.

Piston

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In fact, it would have been a lot of fun. When I first invested in bitcoin money, I was very excited. I bought $1k bitcoin at night. I bought $1K bitcoin. I slept at night and woke up in the morning to find $800 in my $1k bitcoin. The situation that happened then cannot be explained to me. I can't explain what happened then. I was very scared. Anyway, I like your calculations now. It would have been better if that was the case, but it takes a lot of money to do that now.

Twinkledoe

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Quote from: davis196 on May 31, 2020, 05:45:29 AM

Quote from: gidobeen on May 29, 2020, 03:33:01 PM

Let's give an example of you bought 100 BTC at 9000$ Price and the price went 9010$ in seconds then you sold, so your profit will be 1000$, may 500$ fees, but the another 500$ you made it profit in seconds!

Let's discuss at the point!

Discuss what?I can't buy 100BTC even if I sell my house and my car. Grin

If you buy 100BTC you will spend 900,000 USD and your profit will be less than 1000 USD.
Your profit will be less than 1% of your investment,so why should you care about such small profit.
If I could spend 900K USD on something,I would definitely buy some super fancy car and get some hot girls as my girlfriends.I wouldn't care about Bitcoin at all. Grin

Why not getting a x100 margin credit on some cryptocurrency exchange platform,buy some BTC,wait for the price to go up and then pay off the margin credit and cash out the profit minus fees.
No crypto trading platform will give you 100BTC as a margin credit for leverage trading.

LOL

I don't know if the OP even have that capability to buy such huge amount of btc. I don't think he will be here if he has a lot of money though. But if in case you have huge amount of money, you can really do short trading because the bitcoin's price changes so many times within 24 hrs, you just need to make sure that you are selling higher than what you bought it, and presto you have profit already within 24 hr period.

iRaMMuS34

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You can get someprofit, but in case of Bitcoin it's as short-sided as it gets. BTC is more unpredictable than anything, and it's a matter of luck in many cases

davis196

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Quote from: gidobeen on May 29, 2020, 03:33:01 PM

Let's give an example of you bought 100 BTC at 9000$ Price and the price went 9010$ in seconds then you sold, so your profit will be 1000$, may 500$ fees, but the another 500$ you made it profit in seconds!

Let's discuss at the point!

Discuss what?I can't buy 100BTC even if I sell my house and my car. Grin

If you buy 100BTC you will spend 900,000 USD and your profit will be less than 1000 USD.
Your profit will be less than 1% of your investment,so why should you care about such small profit.
If I could spend 900K USD on something,I would definitely buy some super fancy car and get some hot girls as my girlfriends.I wouldn't care about Bitcoin at all. Grin

Why not getting a x100 margin credit on some cryptocurrency exchange platform,buy some BTC,wait for the price to go up and then pay off the margin credit and cash out the profit minus fees.
No crypto trading platform will give you 100BTC as a margin credit for leverage trading.

supine

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Quote from: gidobeen on May 29, 2020, 03:33:01 PM

Let's give an example of you bought 100 BTC at 9000$ Price and the price went 9010$ in seconds then you sold, so your profit will be 1000$, may 500$ fees, but the another 500$ you made it profit in seconds!

Let's discuss at the point!

You made it sound so easy but we have to face reality and be more realistic here owning 100 BTC or even 10 is so damn hard for a normal person so how could they get rich quickly on your given example?
You also didn't put up the risk on doing this quick trades like it would always go up when we buy it things could also end up the other way so we should know more and give a realistic example and explanation to properly guide the newbies about crypto or Bitcoin.
If this is how you would present or teach newbie's on how to earn in crypto then I hope you haven't started recruiting others to invest because they could certainly lose their investment instead of earning here.

bitbollo

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Quote from: gidobeen on May 29, 2020, 03:33:01 PM

Let's give an example of you bought 100 BTC at 9000$ Price and the price went 9010$ in seconds then you sold, so your profit will be 1000$, may 500$ fees, but the another 500$ you made it profit in seconds!

Let's discuss at the point!

see the opposite.
buy 100 btc at 9000$ and price go down at 8990$, in a second you sold and you have lost around 1000$ + 500$ in fees.
Bitcoin is getting ~~rich~~ poor quickly?

I was in the same situation of gentlemand. I have bought my first coins in 2013-2014 (before the big hype of 2014) and just in few weeks I have seen btc value go literally to the moon. A lot of people have wasted a lot of money buying and selling coins during the worst period. Price have been very low for several months (years).
I have seen topic for helping people (avoid suicide) and other depressive stuff of people that are searching these "get quick rich scheme".
If you're taking part of this revolution with this mentality it's very easy lose a lot of money...

Kakmakr

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Quote from: gidobeen on May 30, 2020, 05:03:14 AM

Quote from: Lucius on May 30, 2020, 04:59:14 AM

Quote from: gidobeen on May 29, 2020, 03:33:01 PM

Let's give an example of you bought 100 BTC at 9000$ Price and the price went 9010$ in seconds then you sold, so your profit will be 1000$, may 500$ fees, but the another 500$ you made it profit in seconds!

Let's discuss at the point!

One who has the money to invest in Bitcoin $900 000 will not get rich by profiting only $500.

I mean getting loans from people, without interest(sure), then i can make 1 bitcoin in few minutes, then return the money to people, and my deal is success without risk ( as i will hold no more seconds. )

Sure you might be able to loan some money from some friends, but do you want to risk your friendship on something that might not go up for months or even years? The last all-time-high was back in 2017... so who says after you loaned that money to buy bitcoins, the price would not drop and only recover in a few years from today?

A lot of people used their credit cards to buy bitcoins in 2017 and within hours the price dropped drastically, so much so that they had to sell at a massive loss, just to recover some money. My friend do not buy bitcoins with credit or loans, because it is not going to end well for you. Tongue

drumamat

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Quote from: gidobeen on May 29, 2020, 03:33:01 PM

Let's give an example of you bought 100 BTC at 9000$ Price and the price went 9010$ in seconds then you sold, so your profit will be 1000$, may 500$ fees, but the another 500$ you made it profit in seconds!

Let's discuss at the point!

This is certainly cool, but do not forget that Bitcoin is still a high-risk asset and you can lose a lot instead of making money. Let's remember the last example that gave us all a lesson in the month of March.

pixie85

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Ever heard of trading O? Because you're acting like you hae not.

Many people make a living of such trades. They're called day traders and they buy, wait for a few minutes, sometimes a few hours and in the end of the day have a profit of $100 with a very small risk and capital usually like 20 thousand dollars or something. They do the same thing the next day and so on earning a few thousand every month. It's a normal job for them.

Some people even do arbitrage trading buying on one exchange and selling on a different one to take advantage of the premium.

lyka

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As soon as a sufficient number of projects appeared in which altcoins compete for the right to have demand, luck was not the most important factor for the opportunity to get rich. Success was very important. Success is based not only on probabilities and luck, it is often a consequence of intention, intuition and intelligence. For Bitcoin, these opportunities closed after about 2012.

Alert31

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Quote from: gidobeen on May 29, 2020, 03:33:01 PM

Let's give an example of you bought 100 BTC at 9000$ Price and the price went 9010$ in seconds then you sold, so your profit will be 1000$, may 500$ fees, but the another 500$ you made it profit in seconds!

Let's discuss at the point!

Getting rich in bitcoin is just a matter of luck. Maybe if you buy bitcoin from the beginning when it was created or from 2009 then sold during the all time high at the end of 2018 then maybe you already riched man now. But if you say getting rich in just a seconds ,it's very impossible specially now.

gidobeen

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Quote from: Russlenat on May 30, 2020, 07:49:35 AM

have you made a profit already investing in a certain coin?

I invested in forex long time ago- but in lose

Russlenat

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Quote from: Russlenat on May 29, 2020, 05:30:00 PM

Obviously you make profit in just a very short term

I see short term - need high capital and it's more safe
long term - any capital + Not investing in
BTCBitcoin another coin like Pi that have good future

I don't believe in safe investment because everything in crypto when we are talking about investing is risky. So regardless of the strategy you have, either short term or long term, you can't guarantee that you'll make profit easily, if I may ask, have you made a profit already investing in a certain coin?

ReiMomo

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Lucky enough if everyone would have the same experience in the example you have provided but that would not be a guarantee.

We cannot predict the volatility of bitcoin, its price could change in a minute and if you just join in then the price fell down at the same time so you would lose everything in your portfolio really quick. On the other hand, some may get a chance to earn high in a short span of time but I am sure that profit will not make them rich because the volatility of bitcoin doesn't secure anyone on how and when it will give us the best time to earn high.

That being said not all investors are lucky to earn profit and get rich in the crypto world in as easy as 1, 2, 3 everyone must have enough knowledge, strategy, and most important is time.

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