[Poll] Profitability calculator | Bitcointalksearch.org

beckspace

hero member

Activity: 931

Merit: 500

Quote from: Vandroiy on August 20, 2012, 05:23:31 PM

I think we have a problem in terminology, I don't understand the scale. How is -300% even defined? Having twice more debt than initial money? Bitcoin exchanges do not allow debt AFAIK.

Humm, you're right. Thanks. I changed the numbers, no vote was affected.

niko

hero member

Activity: 756

Merit: 501

There is more to Bitcoin than bitcoins.

manipulate the market,
corner the market,
rely on relevant, exclusive ("insider") information,

or all of the above.

So far I've got lucky slightly more often than not, so it's about 2% gains overall. Irrelevant.

I think the best way to profit from Bitcoin is to either use it in everyday life if it works better than fiat, or to work hard to create a valuable product or service that involves Bitcoin. Everything else is a parasitic circlejerk, and that's only if you're lucky.

askgar

newbie

Activity: 12

Merit: 0

I need a smaller percentage gain, I worked mine out to be less than 0.01%... but I made a profit!

Vandroiy

legendary

Activity: 1036

Merit: 1002

I think we have a problem in terminology, I don't understand the scale. How is -300% even defined? Having twice more debt than initial money? Bitcoin exchanges do not allow debt AFAIK.

Also, there's a statistical problem: people who lose tend to go quiet and use the forum less, which gives a bias in the result.

beckspace

hero member

Activity: 931

Merit: 500

Quote from: doke on August 20, 2012, 01:16:37 PM

so, our profitability measured in bitcoins, not fiat?

Yes, can be fiat. As you prefer.

doke

newbie

Activity: 9

Merit: 0

so, our profitability measured in bitcoins, not fiat?

beckspace

hero member

Activity: 931

Merit: 500

How much did you earned? How much did you lose? Only bitcoin-related trading please. Direct purchase of bitcoins and mining doesn't count, just "speculation" trading.

The few times I tried to trade, I lost about 10%, between bad trades and MtGox fees.

I expect an equilibrium of results in this poll.

Edit:

Example, I don't wanna know if you bought at 0.01 and now they are 10.00. But if you entered mtgox with 30 coins and got out with 20 or 50 coins. Did I made myself clear? Should I believe in those 300% votes?

Topic: [Poll] Profitability calculator (Read 1105 times)