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Topic: Really Everone will PROFIT from BITCOIN? (Read 2404 times)

sr. member
Activity: 476
Merit: 250
U will never know the true answer, before you try
May 03, 2016, 10:52:43 AM
#55
I think everyone have felt profit from bitcoin although slightly due to little or big it's depends on your courage while doing trade bitcoin.

it's true, because if a someone never get profit from bitcoin, it looks like they will stop using bitcoin.
bitcoin users more, therefore bitcoin it is very profitable.
sr. member
Activity: 252
Merit: 250
BetcoinRakeback.com
If your smart about it's use and know how to save it and not fall for any schemes that can take your bitcoin. Then yes you easily can be quite profitable using it. If you know the rules of making it  Wink
copper member
Activity: 2562
Merit: 2510
Spear the bees
I expect a little bull run, but then there will be people taking their profits, bringing the price down again a little bit. It's inevitable.

The more sharp the uptrend will be, the more "losers" there will be, too. Because high volatility means that the price also can go down fast, and people will panic faster than if there is only a slow uptrend. That is more true for new members of the community which tend also to have too high expectations for the bubble peak.

So the most "win-win" outcome, with the smallest number of "losers", I can imagine is a slower uptrend. I remember that in the early 2013 uptrend there was a group that wanted to achieve just this - they wanted to sell if the price went up too sharply, so the bubble would not overheat. They failed, as we all know the bubble overheated totally and the April 11 (?) crash was very sharp (266 -> ~100).
There aren't going to be winners without at least some losers. Not EVERYONE will profit from bitcoin, but in the coming months, we can assume at least an increase in price thanks to some people's losses or "investments" in bitcoin. Eventually when the price surges to high levels, there need to be buy orders for "suckers" to lose and generate profits for the sellers.
STT
legendary
Activity: 4102
Merit: 1454
Trying to remember back then, apparently I was here Cheesy    Yes it was kinda slow over the summer, I wondered if it would ever pick up.   there was some clues of price accumulating strength then the autumn it was a ramp up to impossibly high levels, that really was a spike out of nowhere to me and in of itself created news and exposure for bitcoin.   I think that spike was partly related to mt gox and its weird accounting.
People didnt predict that but there are reasons behind moves, its not all speculators

A normal exchange will restrict large price differences on the upside not just against crashes.  I think its the Chicago board options exchange that requires increasingly large amounts of margin up front on commodities when the price is volatile, its what broke the silver market in the eighties.  Its actually healthy to stop price spikes, btc has no such controls afaik
legendary
Activity: 3906
Merit: 6249
Decentralization Maximalist
I expect a little bull run, but then there will be people taking their profits, bringing the price down again a little bit. It's inevitable.

The more sharp the uptrend will be, the more "losers" there will be, too. Because high volatility means that the price also can go down fast, and people will panic faster than if there is only a slow uptrend. That is more true for new members of the community which tend also to have too high expectations for the bubble peak.

So the most "win-win" outcome, with the smallest number of "losers", I can imagine is a slower uptrend. I remember that in the early 2013 uptrend there was a group that wanted to achieve just this - they wanted to sell if the price went up too sharply, so the bubble would not overheat. They failed, as we all know the bubble overheated totally and the April 11 (?) crash was very sharp (266 -> ~100).
hero member
Activity: 574
Merit: 500
You can not assume that all people are holding their coins and trade volume will be zero. This is not true at all. Check any exchange site and you will see the trading volumes are rising not decreasing
And about 250 ? It does not seem to happen again
STT
legendary
Activity: 4102
Merit: 1454
I would not consider just the absolute number of bitcoin held but bitcoin used and revenue not just capital. If someone operates a shop of bitcoin and turns over a dozen bitcoin then I wont argue with them even if they only hold half a coin themselves personally.   The actual users have far more clue if this currency will continue to be successful and more useful then alternatives, all the speculators just know the exchanges markets possibly
copper member
Activity: 2562
Merit: 2510
Spear the bees
You want to see real profit? Or you want to just make a short term buck or two?

Simple laws of supply and demand say that when supply is less than demand, price goes up.
Think of that like a see-saw.

Bitcoin new coin supply will be cut in half, roughly around mid July, i believe.
Ergo, the price goes up.

Magic!!! Everybody profits!!!

But wait..hold on! Bitcoin is a complex enough market...in that it is a bit unpredictable.

If everyone is expecting profit...and everyone buys bitcoins... and everyone is waiting for X to happen, once Y happens...

Nobody can actually predict that. Because we EXPECT something.. (esp. in the bitcoin market) is absoulutely NO guarantee it will happen.
In fact, bitcoin has a habit of doing the opposite of what is expected of it and usually with unexpected timing.. 

I don't expect miracles with the halving event. Maybe top out around $650
In fact, i expect pumps and shake outs and many people will sell... and when all the weak 'just here for a quick buck, but sorry wifey, i lost our money' guys are shaken out.. then the real rise up starts.
Be careful.

Edit: I think that if you are taking a longer-term view, say, 3+ years, now would be a good entry point. I expect the real fireworks to start 3-6 months after the halving. I myself have bought a bit more this week and have sent more cash to Stamp last night.
Right. Well, typically the majority expects something but they rarely do anything to provoke the aforementioned event. I bet that many [maybe 80%] of the people who state that the halving would double the price [I personally find this claim to be ridiculous] still have less than 1 BTC in their main wallet. I bet that they still possess with them a certain amount of doubt in the future of bitcoin and are afraid of investing in it.

I myself also have this doubt, and hence though I believe the price will rise, I do not expect it to go to such inane levels.
STT
legendary
Activity: 4102
Merit: 1454
Quote
Bitcoin new coin supply will be cut in half, roughly around mid July, i believe.
Ergo, the price goes up.

Magic!!! Everybody profits!!!

But wait..hold on! Bitcoin is a complex enough market...in that it is a bit unpredictable.

Yep free markets never move straight, more like a river winding its way down the valley.  You can predict direction from gravity and such things but not the exact course at any time.   
I agree long term its likely up but only if bitcoin is useful to the world, it might be replaced or redundant in comparison to other digital currency products and that is a real possibility.  If more people find it useful then yep halving suggests we might even double but who knows what the correct average price for the doubling is, so much speculation and 'investors' but its the real users who decides value imho
hero member
Activity: 770
Merit: 500
✪ NEXCHANGE | BTC, LTC, ETH & DOGE ✪
So everyone is saying to hold as much bitcoins as possible to get some nice profit during halving.Now i know trading is zero sum game so how everyone who is holding will be profitted during halving?
What are the after effects of halving? Can we see  $250 again?

For everyone that is inside Bitcoin to profit, there must come money from outside. There must be people who are not into bitcoin buying bitcoin for the price to raise and be sustainable over the long term.
hero member
Activity: 2912
Merit: 556
Enterapp Pre-Sale Live - bit.ly/3UrMCWI
every one can make profit with bitcoin especially if there is a pump. i hope when halving is happen, the rate will increase  Grin
hero member
Activity: 882
Merit: 500
Halving is just a trend in bitcoins that can always increase the price of bitcoins and so it will do this time..
hero member
Activity: 707
Merit: 500
You want to see real profit? Or you want to just make a short term buck or two?

Simple laws of supply and demand say that when supply is less than demand, price goes up.
Think of that like a see-saw.

Bitcoin new coin supply will be cut in half, roughly around mid July, i believe.
Ergo, the price goes up.

Magic!!! Everybody profits!!!

But wait..hold on! Bitcoin is a complex enough market...in that it is a bit unpredictable.

If everyone is expecting profit...and everyone buys bitcoins... and everyone is waiting for X to happen, once Y happens...

Nobody can actually predict that. Because we EXPECT something.. (esp. in the bitcoin market) is absoulutely NO guarantee it will happen.
In fact, bitcoin has a habit of doing the opposite of what is expected of it and usually with unexpected timing..  

I don't expect miracles with the halving event. Maybe top out around $650
In fact, i expect pumps and shake outs and many people will sell... and when all the weak 'just here for a quick buck, but sorry wifey, i lost our money' guys are shaken out.. then the real rise up starts.
Be careful.

Edit: I think that if you are taking a longer-term view, say, 3+ years, now would be a good entry point. I expect the real fireworks to start 3-6 months after the halving. I myself have bought a bit more this week and have sent more cash to Stamp last night.
hero member
Activity: 518
Merit: 500
I think everyone have felt profit from bitcoin although slightly due to little or big it's depends on your courage while doing trade bitcoin.
sr. member
Activity: 476
Merit: 250
U will never know the true answer, before you try
everybody was expect that after halving the prices will increase and that's why they are suggest to bitcoin users to hold their bitcoin if they want to get more profit but i think people had only speculate regarding these because nobody else will can be predict the correct prices will really increase after halving


Yes nothing is guaranteed what will happen at the halving, as anything is possible, and no can be 100% sure whether it will go high or fall back, but everyone believes that price will go higher.

really does not guarantee halving will make the prices really rise. but if continually advised people buying and holding for halving, it is not likely people will panic buying and this is likely to make prices rise Grin
legendary
Activity: 2688
Merit: 1106
DGbet.fun - Crypto Sportsbook
personally i got good profits from bitcoin, i think everyone will be profited, if not it is only the human mistake because humans will be more greed and invest in methods where they lose their money otherwise bitcoin is beneficial to all.
hero member
Activity: 882
Merit: 500
Bitcoin savings will not disappear due to inflation Wink
legendary
Activity: 3248
Merit: 1070
remember that if you're here, because at some point you have decided to dump and escape in your fiat warehouse, then you might not really profit from bitcoin

you should aim at using bitcoin directly one day, only when that day come you will profit big with bitcoin, and when i mean big, i mean really big, so big that your entire family's generation will live without working

Those words are hollow coming from somebody who doesn't buy bitcoin with fiat, but who "earns" bitcoin only. You aren't risking shit.

well i've actually invested in the mining equipment(in fiat money), by using the first coins that i've generated, all started from zero in my case

i've started with a single gpu and that gpu, has gave to me plenty of coins

and anyway i was forced to begin without fiat, because i had no money...
legendary
Activity: 1414
Merit: 1000
I made money buying Litecoin before its halving and selling after it rallied. However, its price continued rising after I sold, so I bought back in just before its price went back down. My losses were bigger than my gains due to my crap trading skills. I'm sure other crap traders will have the same experience during the Bitcoin halving, and lose more than they win.
So bitcoin can learn something of it's lessacessor  Cheesy
Litecoin halving made people lose out what they thought they would gain from their halving.
Sounds like a revelation of what might happen here with bitcoin.
This is too common a tale. Trading is difficult.
legendary
Activity: 2408
Merit: 1009
Legen -wait for it- dary
If everyone is making money, then no one is making money -myselfbtc

There is no way for EVERYONE to make money. It just cannot happen because it simply does not work that way. Someone will buy the ATH (or in this case, the top of the rally) and therefore, they cannot profit.

/thread
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