Author

Topic: [Poll] Profitability calculator (Read 1103 times)

hero member
Activity: 931
Merit: 500
August 20, 2012, 06:31:02 PM
#7
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.

hero member
Activity: 756
Merit: 501
There is more to Bitcoin than bitcoins.
August 20, 2012, 06:24:18 PM
#6
    The only way to beat the market without relying purely on luck is to
  • 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.
newbie
Activity: 12
Merit: 0
August 20, 2012, 05:32:35 PM
#5
I need a smaller percentage gain, I worked mine out to be less than 0.01%... but I made a profit!
legendary
Activity: 1036
Merit: 1002
August 20, 2012, 05:23:31 PM
#4
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.
hero member
Activity: 931
Merit: 500
August 20, 2012, 01:18:23 PM
#3
so, our profitability measured in bitcoins, not fiat?

Yes, can be fiat. As you prefer.
newbie
Activity: 9
Merit: 0
August 20, 2012, 01:16:37 PM
#2
so, our profitability measured in bitcoins, not fiat?
hero member
Activity: 931
Merit: 500
August 20, 2012, 12:47:48 PM
#1
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?
Jump to: