Topic: [HOT]Bitcoin is getting rich quickly? - page 3. (Read 691 times)

Yes, agree you
But if you have many rich friends it won't be problem

Well, what you have said is the truth and that is the reason why it is always good to invest with a large capital. However, you must know that if the reverse happen you will lose part of the money too and that is the reason why for any investment, risk is always involved. Another important point you should also take note that if you are trading with huge capital, it is very good you trade on platform with high traders for higher liquidity. With such platform, your order are  get filled easily.

A newbie in the house just spitting newbie information to different people here .

What you said was right but it needs a huge capital in order for that to happen. 100 BTC at around $9000 per BTC is already $900,000. If you are the one who bought that huge amount and you see that you've earned $1000, I believe that you will be wanting to have more profit and will wait more hoping that you will get some profit.

On the other hand, we know already that huge money in investing equals to a huge risk too. What if your bias doesn't happen?? If it goes down 10$ then it you will lose 1000$. I know your point but doing this kind of thing isn't easier as you are saying it. Not all have the capability to invest that huge amount of money lols.

Considering you do have that much money to invest I do think you are already rich .

This is ofcourse a valid point but at the same time you do need to understand that you cannot predict what would happen the next instant , if accidentally the Bitcoins loose value , then the opposite would be true too , you can actually loose the same amount .

There are softwares that one can use to sell their Bitcoins when the price is on a certain point , some do send you notifications .

But one should understand that Bitcoins is not just about making you rich overnight, Its volatility does make make it a more easier and a more riskier asset to trade in but at the same time it comes with good returns which is attractive to a lot of Young traders .

Plus there is something that people should stop doing *Taking money from someone else to actually buy Bitcoins *
You can make a good profit and return them on time,but at the same time you might have to wait years . One cannot just put a tag on the next price .

I do think what you described can be taken as short term trading. You can get lucky once or twice but it does need a lot of practice at the same time it's more of an ART , this if you think you will continue to earn profit , you should think again .

One needs to be actively involved in the market , they do need to understand the meaning behind every news that comes related to the Bitcoins. At the same time people need to be ready to loose money too . Holding is an option if you still think you can make a lot of profit , but people who do miss the high have to wait for a long long time and that is why I said * do not take money from someone else * it might turn bad Preety fast.

It's a really hard job , one needs to be cautious, calculate everything really well . I do hope you can understand how hard it is to write it down in words and then use it practically.

It's really easy to say it, but if you try it yourself... you'll learn what is Easier said than done. I can said, you're lucky while you buy bitcoin... the price will pump and you can sell it to gain a bit profit. Since the length between buy and sell is only a few seconds, it's called as trading.

The interesting news is here Day Trading Bitcoin: Why 95% of Traders Lose Money and Fail. Bitcoin price is very volatile, you should be careful about it. Trading without any analysis, management risk and only hope the price will increase... is very similar like gambling. Your chance is 50/50, either win or lose.

Wake up man, where you can get loans worth 900.000$ from people and without interest? LOL, cryptocurrency is very risky dude, I hope you think twice before taking loans from someone.

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. )

One who has the money to invest in Bitcoin $900 000 will not get rich by profiting only $500, so I don’t see how anyone can get rich this way and why they would sell at all if price is change for only $10. But if someone invested $900k and bought 100 BTC, then selling at $10k would make a very nice profit of $100 000 which already makes some sense.


It’s a free market, supply and demand or call it whatever you want. There is always a risk with investing in something extremely volatile such as Bitcoin, but similar things can happen to you if you invest in stocks. You are investing in a stock today, and tomorrow some catastrophic news appears that practically destroys the company overnight and the shares fall sharply.

While it may not be a real comparison, take the example of Apple which in 2018 became a company worth $1 trillion, but shortly thereafter the value of the company was almost halved. Those who invested in those stocks at the time lost money unless they waited for the company to recover and reach the same or higher value again.

From my point of view, 100 Bitcoin investor never wish to sell their coins to gain only 500 USD profit. They can only gain maximum profits by holding their coins for future. No one can be rich in seconds. It will take time to get rich.

Personally, I don't prefer long-term like waiting for 10x , because when it lose 10x,you will say yourself why i didn't sold at when my profit is 10k dollars for example, for the reason i prefer the more safe

the fluctuation in price is high --- i used to think same --- anytime you buy, sell it when it's 100$ and buy again when 100$ down. But i learned bitcoin is most profitable and stress-free when you hold to sell it for 10x.

Easy to say but when you are the actual situation then do you really believe that it would really be that simple to make 1000 bucks ? I dont think so.If you do think up positively then it do really give out some positive boost into your emotions but when you do saw the price is declining and the market is gradually eating up your portfolio.? Can you assure that you wont panic or do make some panic sell? You cant really tell if you wont
experience it but making money is possible on every movement the market makes.It will just depend into your entry point which would really require analysis because if you do enter on the wrong timing then
expect for you to have high chances on negative profits and end up on holding for long time.

it's true, if you have 100 BTC then the price goes up 0.1% then the profit can be huge, looks very simple but in fact, it's not that simple

when you have 100 BTC, greed will overwhelm you, if you are new to Bitcoin, you will have difficulty controlling yourself and then lose big

I always thought to make money in crypto you have to hold and if everyone just held the bitcoin or altcoins they have and didn't sell the prices would jump but if someone sees they can sell just to make a buck they do so and causes the price to jump up and down and for most timing the market doesn't work out.

My intention is, in light of the Bitcoin events daily, it rarely happens in the day, and at the moment you buy this, you want to tell me that the 2018 event will repeat, then this will really be called a real trick, because the event is rare, and why it will happen in seconds my deal!

And unfortunately, I personally do not have the money to buy that much Bitcoin. So, it is only like a dream for me counting the profits.  

BTW, this is the calculation about getting profits from the Bitcoin.

Please remember that in the crypto world, there are Profit and Loss as the risk. If you can calculate the big amount of the profits, we can also calculate the similar big amount of the loss.

For example, someone bought 10 BTC on $9k, the price drops significantly like what happened in 2018. It always dropped and dropped every day, Waiting for the price to rise up and nothing happens. The asset drops -50%. And then, he felt so frustrated and stressed because his $90000 turns into only $45000.

From here, do you get the point?
the point is in the crypto world, there is always profits and loss as the risk. we cannot only expect too much on the profits, moreover, if we are newcomers in the crypto world, but we can also not only imagine and hope for the big profits only. For, the market is volatile. Although we may be able to hold the asset to turn higher again, not all people can do that because of some certain conditions. It means that sometimes, they will cut losses by selling at a low price.

We will be very happy about the profits, but, never forget the possibility of the loss in order to prepare ourselves, our mental, and also our financial if facing some unwilling condition.

And then the price went to $3000 in 30 minutes, then you got nervous and then panic and you sold. My point is that bitcoin is very volatile asset, it's not that easy to make money, you can literally go from boom to bust. No one can even time the market to go on a "buy position" like the scenario you picture. Theoretically you are correct, but in practice it will not be always the case.

Obviously you make profit in just a very short term, that's less than a minute in the example you given, however, you are only looking at one side of the coin here, investors will not find a risk in investing here if they don't believe they could also suffer a lose.

Individuals like you when suffered losses would then blame Bitcoin and certify it as a Ponzi scheme. Bitcoin was never a quick rich money scheme. It has shown a significant growth through the years.

You cannot become rich by quoting your example, you can loose everything if the price dives back to 6k level, then you migh have to wait a year or so for it to again come back to 9k level.

But i see all the books of bitcoin pointers, it seems big business, if you're going to see luck, so you mean bitcoin converting from 9000$ to 100,000$

In the case it will be called luck. But if you track the price on any exchange you will see the price isn't stop, high - down - high - down

This is applicable if you're a whale and you like the risk that you're taking. Having the 'getting rich quickly with bitcoin' mindset is likely to pull yourself down.

You can create your own strategy base from the example you have given and it can be done. But do invest the amount that you can afford to lose even with the slightest fluctuation, you might feel the greed and won't turn to sell.