Author

Topic: The truth about investment (bitcoins) (Read 552 times)

hero member
Activity: 2856
Merit: 667
June 25, 2023, 03:51:39 PM
#52
Bitcoin doesn't work like that, it seems you're describing a Ponzi scheme investment.
Because IMO, success in investing is not a zero-sum game where one person's gains come at the expense of another's losses.  The crypto market is highly dynamic and can provide opportunities for multiple individuals to profit simultaneously.  Besides, different investors have different entry and exit points and investment horizons which means they can experience different levels of success at various times.

Now it's a funny fact that people now store the value of Bitcoin instead of using this alternatively in fiat transactions.
It should be the use and recognize the broader scope of Bitcoin's adoption and the potential benefits it offers beyond just financial gains.
Bitcoin offers equal opportunities to all. It’s up to you how you will maximize that opportunity without putting others into its risk of losing because that is not actually what’s supposed to happen. You will be successful in any form of investment if you are knowledgeable and you know eventually what you are doing, and that does not mean that for you to be profitable, someone has to undergo losing his profits at the same time. The outcome of your investment depends actually on how you manage your investment, if you are making a good entry and good exit in the market. Otherwise, investing just for greed alone or you invest because your peers tell you so, then expect that you will never make a big difference in your investment.
newbie
Activity: 13
Merit: 0
June 25, 2023, 03:29:58 PM
#51
People invest in BTC because they want to make profit.atimes, reverse is the case.Bitcoin is highly risky and incredibly volatile. If you're ready to take a chance, be sure you know what you're investing in, have a crypto investment plan, and have thought about getting the right kind of financial counsel. Only invest with money you can afford to lose.
member
Activity: 476
Merit: 60
June 24, 2023, 11:30:30 PM
#50
In my opinion, everyone invests in BTC because they want to make a profit, but of course, not all of them make a profit in investing in BTC, and indeed usually people who get profits are smart people, namely smart in terms of buying and sell and also very smart in managing strategies, that's why many people who suggest that before investing in btc should do their own research and look for extensive knowledge, because with extensive knowledge of course there will be the potential to get bigger profits.

so indeed only smart people will benefit from investing in btc.
legendary
Activity: 2814
Merit: 1192
June 22, 2023, 03:01:24 PM
#49
Investing in bitcoins is not yet a zero-sum game. As long as the value of a bitcoin continues to rise, everyone can be a winner (though some more than others).

However, when Bitcoin has reached full adoption and there is no more gain in value, then bitcoins will no longer be profitable for anyone but the traders.

It's going to take another 50 years or more before you start seeing this change and even then, bitcoin will still be profitable for miners.
If LN keeps on developing, running a node will be very profitable.
You'll probably get various custodial services popping up, where companies will offer safeguarding your bitcoin, or holding a part of a multi-sig for you.

Also, I don't believe the price will ever stabilize. It will either keep going up in the long run, or reaches its peak and begins a decline. Even after reaching 21m it's going to keep moving, just not in 4 year cycles like it is but due to increasing market penetration and adoption, like the Internet.
member
Activity: 73
Merit: 31
June 22, 2023, 02:48:03 PM
#48
To me, I have come to understand that every holder cannot become rich at thesame time because their is no free money anywhere, when one user gets enough base on its smartness and well calculated strategy, another holder become a victim. This is something that happens
In every other business. So the fact is that , success in investment is directly linked to smartness.  

Every holder can get rich at the same time. It only depends on how patient the holder can be for price to pump. Victims in Bitcoin investment are majorly Ponzi investors who just want to make quick money, but as long has patience is considered over profit the bull run will surely come and it will reward as many that hodls.

Consider those who held Bitcoin from 2010 till date and those who bought in 2022 when price fell down to around $16k as many who held regardless of the indecision in the market are currently on profit. There will always be a uniform profit for all holders as far the can be patient enough to hold.



full member
Activity: 280
Merit: 114
👉bit.ly/3QXp3oh | 🔥 Ultimate Launc
June 22, 2023, 02:27:42 PM
#47

Because the ticket for us to succeed is to be smart and knowledgeable. If we want to reach our goal, we also have to enhance our level of market understanding otherwise, we are one of those investors who suddenly disappear and claim that Bitcoin scam them.

 - effective strategies
 - market knowledge
 - positive mindset

And having all of these things I was sure that we have a good future from investing in Bitcoin. Building self-confidence and trust will seemingly change the way we think and make decisions.


You are absolutely right that we can achieve success in every field only through intelligence, experience and knowledge. To get profit we have to go with the market trend, because trend is your friend. Those who do not go with the trend are the ones who often lose and disappear from the market

If we are interested in this market , our experience will increase and then we will be able to make a good strategy and make the best decisions based on our knowledge and experience. I think Bitcoin investment is a very good idea for future but if entry is done at right time, and the present time is also a good entry point.
full member
Activity: 280
Merit: 114
👉bit.ly/3QXp3oh | 🔥 Ultimate Launc
June 22, 2023, 02:03:33 PM
#46
Smart is not a major guarantee if the psychology of smart people is still unstable and they are more likely to panic too much when the price suddenly crashes. good returns not only belong to smart people, but to people who are consistent in doing everything, consistently learn to trade, consistent in their strategy. those who bought at the right time had a good plan or they just got lucky.
strategies and self-decisions will indeed be the best, as long as you learn how to do technical and fundamental analysis.


 In my opinion this is the goal of smart people who understand the market from every angle. People become smarter after gaining experience in this field, They understand the ups and downs of the market and whenever they take a decision they base it on their experience and intelligence. It is certain that emotions do not work in the crypto currency market. The market can come as per our expectation and it can also go against our expectation. I think experienced and smart people are never afraid of a market crash but it is a great time to buy for them. This is nothing new for experienced people .newbies may panic as the market crashes.
The crypto currency market is a highly volatile market where all investors and traders set an entry point as part of their strategy. No one can guarantee how low the market will go or how high the market will go from here. However, everyone should try their best based on their experience and intelligence.
legendary
Activity: 2338
Merit: 1084
zknodes.org
June 22, 2023, 11:51:40 AM
#45
Yes you are absolutely right that always smart people earn here .All investors want to get a good return on any investment they make in the crypto currency market. Only those who have the right strategy succeed in the crypto currency market. Some people are making profits while some people are making losses in the crypto currency market. People who buying at perfect time and at low price are always successful.

People who don't have a strategy of when to enter and when to exit the market, always end up losing instead of making a profit. Smart people always profit from their own right decisions and the wrong decisions of others.
Smart is not a major guarantee if the psychology of smart people is still unstable and they are more likely to panic too much when the price suddenly crashes. good returns not only belong to smart people, but to people who are consistent in doing everything, consistently learn to trade, consistent in their strategy. those who bought at the right time had a good plan or they just got lucky.
strategies and self-decisions will indeed be the best, as long as you learn how to do technical and fundamental analysis.
sr. member
Activity: 686
Merit: 332
June 22, 2023, 08:54:35 AM
#44
Recently, our main focus has been on capitalizing on the volatility of Bitcoin, rather than recognizing its original purpose. Admittedly, we have viewed Bitcoin primarily as an investment opportunity. Although it remains uncertain who will ultimately benefit from this approach, many individuals have indeed profited significantly from Bitcoin, contributing to its status as the most renowned cryptocurrency worldwide.

I agree that the original role of Bitcoin is for it to be a means of payment. But that doesn't mean it can't also be an investment. Nothing stops Bitcoin from being a currency and investment at the same time.
Fiat currency can be an investment but that doesn't take away its currency features.
Take for instance if I decide to change my local currency into a foreign currency and keep it in an account somewhere with the speculation that that country's currency will appreciate significantly over a period of time. That is an investment I have made and it has in no way made the currency any less a currency.
hero member
Activity: 2982
Merit: 610
June 22, 2023, 06:04:03 AM
#43

People who don't have a strategy of when to enter and when to exit the market, always end up losing instead of making a profit. Smart people always profit from their own right decisions and the wrong decisions of others.
Because the ticket for us to succeed is to be smart and knowledgeable. If we want to reach our goal, we also have to enhance our level of market understanding otherwise, we are one of those investors who suddenly disappear and claim that Bitcoin scam them.

 - effective strategies
 - market knowledge
 - positive mindset

And having all of these things I was sure that we have a good future from investing in Bitcoin. Building self-confidence and trust will seemingly change the way we think and make decisions.
full member
Activity: 280
Merit: 114
👉bit.ly/3QXp3oh | 🔥 Ultimate Launc
June 21, 2023, 01:37:57 PM
#42
Investing in cryptocurrency has become a major reason behind many holders in the Crypto space , this is an undoubted reality. We all know that bitcoins has its various usecases but 80% of holders are profit driven. To me, I have come to understand that every holder cannot become rich at thesame time because their is no free money anywhere, when one user gets enough base on its smartness and well calculated strategy, another holder become a victim. This is something that happens
In every other business. So the fact is that , success in investment is directly linked to smartness. 


Yes you are absolutely right that always smart people earn here .All investors want to get a good return on any investment they make in the crypto currency market. Only those who have the right strategy succeed in the crypto currency market. Some people are making profits while some people are making losses in the crypto currency market. People who buying at perfect time and at low price are always successful.

People who don't have a strategy of when to enter and when to exit the market, always end up losing instead of making a profit. Smart people always profit from their own right decisions and the wrong decisions of others.
hero member
Activity: 980
Merit: 947
June 21, 2023, 05:54:37 AM
#41
Recently, our main focus has been on capitalizing on the volatility of Bitcoin, rather than recognizing its original purpose. Admittedly, we have viewed Bitcoin primarily as an investment opportunity. Although it remains uncertain who will ultimately benefit from this approach, many individuals have indeed profited significantly from Bitcoin, contributing to its status as the most renowned cryptocurrency worldwide.
This is just a period of development of bitcoin, it goes through certain stages, and if someone was able to take advantage of its high volatility and make good profits, then he was able to recognize this opportunity at that moment.

Now everything can change, as bitcoin becomes more expensive, it will become less and less volatile, I assume that it will also continue to grow in price, but its growth will slow down significantly and it will no longer look so attractive for everyone who loves investments with great opportunities, but on the other hand, it will be able to fulfill its direct function and become a means of payment, then there will be no point in just hold it, everyone will just use them to pay for daily needs.
sr. member
Activity: 1008
Merit: 262
Vave.com - Crypto Casino
June 20, 2023, 06:51:52 PM
#40
Investing in cryptocurrency has become a major reason behind many holders in the Crypto space , this is an undoubted reality. We all know that bitcoins has its various usecases but 80% of holders are profit driven. To me, I have come to understand that every holder cannot become rich at thesame time because their is no free money anywhere, when one user gets enough base on its smartness and well calculated strategy, another holder become a victim. This is something that happens
In every other business. So the fact is that , success in investment is directly linked to smartness. 

I don't know what you understand by "every holders can not become rich at the same time."
Do you think that cryptocurrency investment looks like the normal trading that we know? For you to make money in trading, there are some certain persons or traders that will need to lose before you could make money. This is the obvious truth about trading that is why we do see that some persons would win why other would lose. I see Bitcoin investment as an opportunity for us to be patient for us to earn some good profits from the market.
legendary
Activity: 2408
Merit: 4282
eXch.cx - Automatic crypto Swap Exchange.
June 20, 2023, 04:58:19 PM
#39
Investing in cryptocurrency has become a major reason behind many holders in the Crypto space , this is an undoubted reality. We all know that bitcoins has its various usecases but 80% of holders are profit driven. To me, I have come to understand that every holder cannot become rich at thesame time because their is no free money anywhere, when one user gets enough base on its smartness and well calculated strategy, another holder become a victim. This is something that happens
In every other business. So the fact is that , success in investment is directly linked to smartness. 

Success in investments might not only be linked with smartness but also patience. Those that bought Bitcoin in the earlier stages of Bitcoin and still holding up to this day isn't because they were smart but because of the patience they give to Bitcoin. To become a successful investor, you don't necessary have to be the smartest person in the room but you have to possess the qualities that successful people have which are many characteristic including having patience and been smart as well. Bitcoin is still at its begining phrase so we don't have to expect Bitcoin to have accomplished all the creator had in mind during its creation.

If you ask me I'll say Bitcoin has done quite well for itself and with time more greater things will be achieved. For now the idea behind huge population coming the market might just be for the reason that holding Bitcoin brings profits but with time we'll achieve other things like Bitcoin been used as a means of exchange and gets more government and global approval. We shouldn't criticize Bitcoin for achieving other milestones that weren't on the initial ideology of the creation of Bitcoin. Instead lets give Bitcoin more years and we'll be celebrating other impact that are more related to the usecase of Bitcoin.
hero member
Activity: 1834
Merit: 879
Rollbit.com ⚔️Crypto Futures
June 20, 2023, 04:36:43 PM
#38
Profit driven certainly not an understatement!

And the fact that everyone getting into crypto knows that some lucky folk out there were made instant millionaires for hodling after price soared wildly,  everyone getting into crypto today want to emulate the succes the early adopters got, but with regulation, hacks, less volatility  in the markets it could see less investments getting into crypto.

The major truth is the cryptocurrency shouldn't be taken as a means to get rich quick. One must first understand that the funds to be invested is the fund one can afford to lose. Investing in cryptocurrency can bring unexpected circumstances which can either be positive or negative.
For sure, but most crypto guru's out there paint this kind of picture that Bitcoin has that get rich quick character  to it and in the past it did, but I believe BTC has evolved and to be rich from it will take quite a long time.
hero member
Activity: 3052
Merit: 606
June 20, 2023, 04:19:23 PM
#37
We all know that bitcoins has its various usecases but 80% of holders are profit driven.
80% ? Why not 100%

Let's be honesty, all hodlers are profit driven at the very least. Otherwise, what would be the point of hodling if one is not in for profit?

Quote
To me, I have come to understand that every holder cannot become rich at thesame time because their is no free money anywhere, when one user gets enough base on its smartness and well calculated strategy, another holder become a victim.

It's not only HODLers who are buying or using bitcoin. We have day traders and then those just using it for transactions. So that where the money comes from.
A person only chooses to be a victim when they sell off their Bitcoin at a price lower than the buying price
Exactly. All hodlers and even traders are profit driven, otherwise they will not risk their time and money if they won’t be getting reasonable profits in the end. Also, being smart and witty is a must in any form of investment, as you should never resort into wrong decisions and see yourself losing at the end of the day. While there are successful ones, there are also victims simply because they enter without any preparation and they are here just for quick profits without knowledge and skills within.
member
Activity: 136
Merit: 11
June 20, 2023, 03:53:47 PM
#36
The major truth is the cryptocurrency shouldn't be taken as a means to get rich quick. One must first understand that the funds to be invested is the fund one can afford to lose. Investing in cryptocurrency can bring unexpected circumstances which can either be positive or negative.
sr. member
Activity: 1960
Merit: 273
★Bitvest.io★ Play Plinko or Invest!
June 20, 2023, 08:06:49 AM
#35
In every other business. So the fact is that , success in investment is directly linked to smartness. 

Smartness in investing I think is in determining the momentum of the market when you will enter and planning well to get out of the investment. all Investment aims to profit, so this requires knowledge.
The simple thinking of people who invest is when they will buy an asset when the price falls. and sell it when the price goes up. it's simply put, it will be easy to do when they choose the right assets. and try to remain patient and consistent to believe in the assets they have.
sr. member
Activity: 2828
Merit: 344
win lambo...
June 20, 2023, 07:44:40 AM
#34
Some people lose and some people win are terms in trading, gambling or ponzi scheme. If you're invest Bitcoin for long term period, there's no one will lose because when people are keep buying Bitcoin, the price would be increase. Lose happen in investment when you sell your coins cheaper than you buy, if you keep holding during the dump season, it's an unrealized lose, not an actual lose.
Perhaps, it was undeniable when it comes to profit generation but of course, I don't hold forever even if I believe that the price of Bitcoin increase. I sell them when the time has come and when I was already in profit. Because it was not necessary to keep holding, the most important is that we earn a profit and this is actually how the market works and a reason why it grows due to its active trade, not because everyone is holding.

I I encourage people to hold but also to sell depending on the situation and as an investor, we know what we have to do to avoid losses, yet we don't need to be greedy.
member
Activity: 840
Merit: 23
June 20, 2023, 02:40:55 AM
#33
Bitcoin has several use cases, yes, but in all the use cases, profit is still the goal

I’ll explain, the initial intent of satoshi when he created bitcoin was to make it replace our traditional currencies

So people will no long transact in USD or GBP but in bitcoins

If that is done, blockchain charges you for gas fee which might be higher than using your traditional currency to transact

ETH network charges very high, that a transaction of $100 could cost you $250 as gas fee, ETH is getting richer while you’re on $150 deficit
legendary
Activity: 1022
Merit: 1341
June 19, 2023, 04:59:10 PM
#32
Investment is meant to be profited, and any investment without Profit driven becomes charitable business. Everyone can be rich only in trading and not investment. In trading one man loss is another man profit. But in investment if they are good in patient and have faith in the investment for a long time of period. Definitely they would make it. In investment everyone is equal and the only different is the amount of money in each person wallet. I am trying to think if there is any smartness in investment but you can see smartness in trading.
sr. member
Activity: 1820
Merit: 436
June 19, 2023, 04:54:32 PM
#31
Investing in cryptocurrency has become a major reason behind many holders in the Crypto space , this is an undoubted reality. We all know that bitcoins has its various usecases but 80% of holders are profit driven. To me, I have come to understand that every holder cannot become rich at thesame time because their is no free money anywhere, when one user gets enough base on its smartness and well calculated strategy, another holder become a victim. This is something that happens
In every other business. So the fact is that , success in investment is directly linked to smartness. 


I mean investments are made to make profits, and it's also the same in the cryptocurrency space we all invest in Bitcoin because we wanted to earn a good amount of profit. There are some who just want to gamble their money but at the same time, they want to earn a profit as well in investing and holding their BItcoin. There are surely going to be winners and losers in the market, that is just how the market circulates. There are times that your gonna need to sell or buy, it doesnt really matter as long as you sell your Bitcoin at a loss you're going to be the loser in the market, that money that you lose will be the profit of other investors.

That is just the nature of cryptocurrency and the market, we can't change and doesnt have control over that, but what we can do about it is adapt to how the market works. Plan and strategies our entry and exit of our investments.
legendary
Activity: 2394
Merit: 2223
Signature space for rent
June 19, 2023, 04:35:18 PM
#30
Recently, our main focus has been on capitalizing on the volatility of Bitcoin, rather than recognizing its original purpose. Admittedly, we have viewed Bitcoin primarily as an investment opportunity. Although it remains uncertain who will ultimately benefit from this approach, many individuals have indeed profited significantly from Bitcoin, contributing to its status as the most renowned cryptocurrency worldwide.
sr. member
Activity: 686
Merit: 301
Hire Bitcointalk Camp. Manager @ r7promotions.com
June 19, 2023, 03:39:39 PM
#29
Investing in cryptocurrency has become a major reason behind many holders in the Crypto space , this is an undoubted reality. We all know that bitcoins has its various usecases but 80% of holders are profit driven. To me, I have come to understand that every holder cannot become rich at thesame time because their is no free money anywhere, when one user gets enough base on its smartness and well calculated strategy, another holder become a victim.

Why not attempt to be the wise one rather than the victim in order to amass all of the money? Not everyone is interested in crypto investments, but those who are can benefit greatly from it and make a lot of money if they understand its principle.

Quote
This is something that happens
In every other business. So the fact is that , success in investment is directly linked to smartness. 

You don't need to be a genius to achieve this; simply buy some bitcoin and hold it for a while till it accumulates; after that, you'll have made a lot of money. Since not everyone has the foresight to invest, simply buy and hold.
full member
Activity: 336
Merit: 140
June 19, 2023, 01:15:48 PM
#28
Some people lose and some people win are terms in trading, gambling or ponzi scheme. If you're invest Bitcoin for long term period, there's no one will lose because when people are keep buying Bitcoin, the price would be increase. Lose happen in investment when you sell your coins cheaper than you buy, if you keep holding during the dump season, it's an unrealized lose, not an actual lose.
Long term Bitcoin investments have the potential to be profitable but it is crucial to understand that like any other financial environment the cryptocurrency market has its hazards. While it is possible to profit from price gains if demand for Bitcoin increases a number of factors including market mood legislative changes and technological breakthroughs can affect its value. It is possible to avoid selling Bitcoin at a loss by holding onto it during a bear market but this does not ensure that the investment will ultimately produce a profit. Although the concept of unrealized loss recognises that the loss is not realised until the asset is sold it does not rule out the potential that a real loss may actually occur. In order to increase the likelihood of success in any market situation prudent investment techniques include thorough research diversification and risk management.
hero member
Activity: 1386
Merit: 731
Leading Crypto Sports Betting & Casino Platform
June 19, 2023, 12:06:40 PM
#27
In every other business. So the fact is that , success in investment is directly linked to smartness.
Not only smartness, there are many other things that still need to be mentioned. Skills, knowledge, budget, opportunities and how you deal with your emotions and psychology also play an important role in success. You should also not forget about the security of your depository wallet during the investment plan, so everything is not as easy and simple as you think.

Investors want profit, that is their main goal and every one of them. I'm not sure how to draw conclusions and percentage them in the market, but I agree investors and traders have a high percentage of those who use bitcoin as a means of payment.
sr. member
Activity: 882
Merit: 215
#SWGT CERTIK Audited
June 19, 2023, 11:42:47 AM
#26
Investing in cryptocurrency has become a major reason behind many holders in the Crypto space , this is an undoubted reality. We all know that bitcoins has its various usecases but 80% of holders are profit driven.

Indeed, it is an undeniable fact that investing in cryptocurrencies has been a significant motivation for many crypto holders. Profit potential is the driving force behind the participation of most cryptocurrency holders. .

In this space, Many Motivations arise where profit may be the main motivation for most cryptocurrency holders, However, there are various reasons to invest in cryptocurrencies. Some individuals may be attracted to the technological innovations and potential applications of blockchain technology, while others may be driven by a desire for financial independence, hedge against inflation, or support decentralized systems. Therefore, it is incorrect to assume that the only motivation of 80% of shareholders is profit.

Well, if you look, there are some investors in the crypto space prioritizing long-term growth and wider adoption of cryptocurrencies over short-term gains. meaning They believe in the transformative potential of cryptocurrencies and are committed to supporting the development of a decentralized financial system. For these people, profits can be seen as a by-product rather than their sole investment goal.

To me, I have come to understand that every holder cannot become rich at thesame time because their is no free money anywhere, when one user gets enough base on its smartness and well calculated strategy, another holder become a victim. This is something that happens
In every other business. So the fact is that , success in investment is directly linked to smartness. 

It may appear. Maybe like what you are saying, Thet certain individuals or institutions with greater resources and influence have an advantage in the market, thereby challenging small investors to achieve significant returns and looks like a potential unfairness in the investment landscape. However, don't forget that in the crypto market, even the most savvy investors can incur losses due to unexpected market fluctuations or external events if they occur at any time.
legendary
Activity: 1820
Merit: 1207
June 19, 2023, 08:27:48 AM
#25
Some people lose and some people win are terms in trading, gambling or ponzi scheme. If you're invest Bitcoin for long term period, there's no one will lose because when people are keep buying Bitcoin, the price would be increase. Lose happen in investment when you sell your coins cheaper than you buy, if you keep holding during the dump season, it's an unrealized lose, not an actual lose.
hero member
Activity: 994
Merit: 744
June 19, 2023, 07:43:13 AM
#24
In every other business. So the fact is that , success in investment is directly linked to smartness. 
Smartness does not always pay!

Some people get lucky with cryptocurrency investments, but they are not as smart as they should be since they just invested, and then the coin inflated, and they made a tremendous profit, just like $pepe investors did a few months ago.

However, any Bitcoin investor who is patient enough and keep holding their bitcoin will undoubtedly succeed, because holding your bitcoin patiently is smartness in my opinion.
hero member
Activity: 1386
Merit: 513
Payment Gateway Allows Recurring Payments
June 19, 2023, 07:08:43 AM
#23
Investing in cryptocurrency has become a major reason behind many holders in the Crypto space , this is an undoubted reality. We all know that bitcoins has its various usecases but 80% of holders are profit driven. To me, I have come to understand that every holder cannot become rich at thesame time because their is no free money anywhere, when one user gets enough base on its smartness and well calculated strategy, another holder become a victim. This is something that happens
In every other business. So the fact is that , success in investment is directly linked to smartness. 
Just like the five fingers are not equal, not everyone would be equally smart. If one is selling some tokens at a covering high profit and he knew the market will take a downtrend or if he is buying by knowing that the market will take another uptrend, then in both scenarios, there is a buyer and seller, who will bear the loss and will be proved less smart, but we do not have any right to judge anyone.

And in the context of holding, no wonder, every holder makes a plan and set some profit and loss limits so that that holder could earn and lose only what he has expected and strategized but there are other holders whose expectations are higher than the previous one and he knew he would earn that much (more than the previous one).

Success in every business is not only linked to smartness because sometimes you do need luck in bad situations which your smartness had not helped you to predict earlier. Because mistakes make you more experienced and tough.
sr. member
Activity: 798
Merit: 364
June 19, 2023, 06:01:03 AM
#22

I interpret his meaning to be that 80% are driven solely by profit, while the remaining 20%, apart from hoping for future appreciation, are people interested in the technology, its fundamentals, or the role it can play in society. It is difficult to establish percentages based on intuition alone, but we know that there are many people who invest in bitcoin simply for profit, although I would say that bitcoin users know more about the technology and fundamentals than those who invest in altcoins.
No... Still the percentage ratio is too wide. The poster should have presume 99%-1‰ because the aim of every holder is to maximize profits. What's the essence of holding or accumulating in the first place if not gain? The poster however got it wrong attributing Bitcoin to other ponzi scheme by linking its success to smartness.

The only smartness that can be associated with Bitcoin investment is knowing when to buy (i.e buying at the right time). The selling time can be determined by the holder whenever satisfied with the profit.
hero member
Activity: 2828
Merit: 518
June 19, 2023, 05:45:30 AM
#21
Investing in cryptocurrency has become a major reason behind many holders in the Crypto space , this is an undoubted reality. We all know that bitcoins has its various usecases but 80% of holders are profit driven. To me, I have come to understand that every holder cannot become rich at thesame time because their is no free money anywhere, when one user gets enough base on its smartness and well calculated strategy, another holder become a victim. This is something that happens
In every other business. So the fact is that , success in investment is directly linked to smartness. 

Just to draw the conclusion that Bitcoin investment is not for everyone. Because investing in Bitcoin is not just we buy this and then holding, we also have to be more strategic and learn how to analyze the market. As you have noticed, some got rich and some got also fail and this is because of different ways of investing I believe that those people who fail and lose their money in Bitcoin are those who never know what they are doing. A lot of people are having this situation and guess what, they always complain about the volatility of the market rather than adjust and adopt to the situation.
hero member
Activity: 560
Merit: 511
June 19, 2023, 05:40:29 AM
#20
All bitcoin holders makes the same profit when bitcoin price increases. The difference is that their profits varies based on how much they invested into it. The secret of holders to make good profit is holding for long. You don't expect that if Mr A buys bitcoin at $10k and holds for 10yrs and Mr B buys bitcoin at the same price and holds for 5yrs that they will but have the same profit and if 40 persons buy bitcoin at $10k and hold for 10yrs,they will all make the same profit. It is traders that buys and sells everyday that can't make the same profit each and this OP's theory will work for.
legendary
Activity: 1792
Merit: 1296
Crypto Casino and Sportsbook
June 19, 2023, 05:29:09 AM
#19
Investing in cryptocurrency has become a major reason behind many holders in the Crypto space , this is an undoubted reality. We all know that bitcoins has its various usecases but 80% of holders are profit driven. To me, I have come to understand that every holder cannot become rich at thesame time because their is no free money anywhere, when one user gets enough base on its smartness and well calculated strategy, another holder become a victim. This is something that happens
In every other business. So the fact is that , success in investment is directly linked to smartness. 

You correctly noted that it is impossible to make everyone rich. This applies not only to the crypto market, but also to the traditional stock market. In both cases, the same financial laws work. If at the same time all investors want to sell their assets, be it cryptocurrencies or classic stocks, then there will not be enough money for everyone. That's the way these markets work, and the situation you describe is called a zero-sum game (if one makes a profit, then someone else loses a profit). This is very pronounced in trading.

Success doesn't have to be about smartness. Luck and chance play an important role, especially in the trading mentioned above.
hero member
Activity: 1050
Merit: 592
God is great
June 19, 2023, 05:20:04 AM
#18
Investing in cryptocurrency has become a major reason behind many holders in the Crypto space , this is an undoubted reality. We all know that bitcoins has its various usecases but 80% of holders are profit driven. To me, I have come to understand that every holder cannot become rich at thesame time because their is no free money anywhere, when one user gets enough base on its smartness and well calculated strategy, another holder become a victim. This is something that happens
In every other business. So the fact is that , success in investment is directly linked to smartness. 

The market is big enough for every investor to earn profit, bitcoin is not a Ponzi scheme whereby one person we make profit and the other person will lose. In Bitcoin as far as one is able to hodl, when the market rises it will benefit those who were able to hodl their bitcoin. You need to know that Bitcoin can give profit to everyone if the right is done to earn profit.  Bitcoin investment has nothing to do with smartness, What matters in Bitcoin is to Just have understanding about Bitcoin and it has nothing to do with smartness instead of smartness I think one should have patience enough to be successful in investing bitcoin.

Success in investing bitcoin is very straight forward and you don't need much strategies to for a successful investment.  Hodling is all you need to do to get success in investing bitcoin.

Bitcoin don't also make people to rich, it only helps you by strengthen you financially from what you already have, do not have the mindset that bitcoin can  make people rich from having nothing to become rich overnight.
sr. member
Activity: 812
Merit: 315
Vave.com - Crypto Casino
June 19, 2023, 03:23:42 AM
#17
Every Bitcoin investors will become a winner, not at the same time, but in a different time, you said profit driven? You are not wrong, but ignorance can't be beaten in this space I believe, there are loads of people that don't understand a time about crypto investment, and we can't blame them, they will understand in time, so I think its fine to say that, such people will become a winner someday when they realize how the whole system works.

Bitcoin is here to stay, it's not going anywhere, so the opportunity is available anytime any day, unlike altcoins, because I believe that your description suits altcoins well than Bitcoin, altcoins vanished with time, they do well once and after that it's over, they mostly never go back to their all-time high again.

This is the real meaning of using some people to make money because they got dumped on by the early investors, Bitcoin case is different.
legendary
Activity: 1358
Merit: 1565
The first decentralized crypto betting platform
June 18, 2023, 10:50:06 PM
#16
Investing in cryptocurrency has become a major reason behind many holders in the Crypto space , this is an undoubted reality. We all know that bitcoins has its various usecases but 80% of holders are profit driven.
So the remaining 20% dont want to earn profits just wanted to accumulate bitcoin? Im not sure this should be a perfect 100% aside from enjoying the perks of bitcoin majority of the people who owns bitcoin are obviously in for the profits when bitcoin price appreciated. Its a hypocrite to say that they arent considering bitcoin price. Maybe during it wasnt valuable but the case now is different especially 1bitcoin isnt just cents anymore.

I interpret his meaning to be that 80% are driven solely by profit, while the remaining 20%, apart from hoping for future appreciation, are people interested in the technology, its fundamentals, or the role it can play in society. It is difficult to establish percentages based on intuition alone, but we know that there are many people who invest in bitcoin simply for profit, although I would say that bitcoin users know more about the technology and fundamentals than those who invest in altcoins.
full member
Activity: 658
Merit: 189
June 18, 2023, 10:15:38 PM
#15
Investing in cryptocurrency has become a major reason behind many holders in the Crypto space , this is an undoubted reality. We all know that bitcoins has its various usecases but 80% of holders are profit driven. To me, I have come to understand that every holder cannot become rich at thesame time because their is no free money anywhere, when one user gets enough base on its smartness and well calculated strategy, another holder become a victim. This is something that happens
In every other business. So the fact is that , success in investment is directly linked to smartness. 

Profits from investing have indeed encouraged more people to invest in cryptocurrencies in their own ways and strategies, but this does not always have to be related to intelligence because that alone will not be enough to get profits for an investor. There are several other things that also greatly support an investor in making a profit, namely luck in choosing investment assets at certain moments so that someone can benefit even though their intelligence is still below average.

This means that someone simply researches which cryptocurrency is most liked by many people and then buys it for investment. Even though he is not that smart compared to other people, but if he is lucky enough with the cryptocurrency he bought for investment purposes, then he can also get profit. So without having to be too smart, someone can still benefit through their investment, although an investor doesn't have to be too stupid either in choosing cryptocurrency for investment.
legendary
Activity: 2268
Merit: 1379
Fully Regulated Crypto Casino
June 18, 2023, 09:56:43 PM
#14
Investing in cryptocurrency has become a major reason behind many holders in the Crypto space , this is an undoubted reality. We all know that bitcoins has its various usecases but 80% of holders are profit driven.
So the remaining 20% dont want to earn profits just wanted to accumulate bitcoin? Im not sure this should be a perfect 100% aside from enjoying the perks of bitcoin majority of the people who owns bitcoin are obviously in for the profits when bitcoin price appreciated. Its a hypocrite to say that they arent considering bitcoin price. Maybe during it wasnt valuable but the case now is different especially 1bitcoin isnt just cents anymore.
legendary
Activity: 2576
Merit: 1043
Need A Campaign Manager? | Contact Little_Mouse
June 18, 2023, 08:53:21 PM
#13
We all know that bitcoins has its various usecases but 80% of holders are profit driven.
You're a bit shy, eh?
Why not make it 100% or just 99%, and why 80%? Any website where you got this data? Or it's just you nitpicking a specific number.
To me, I have come to understand that every holder cannot become rich at thesame time because their is no free money anywhere, when one user gets enough base on its smartness and well calculated strategy, another holder become a victim.
Well, this is true.

Another one's profit is another one's loss. This always happens especially in trading. Who said that every holder can't be rich at the same time? It has 2 factors IMO. The time when you bought Bitcoin, and the amount of time you held it. If you bought Bitcoin earlier than most investors, you will get more profit thus, it might make you rich. On the other hand, those who bought a bit late can get lesser profits than those who bough earlier. TBH, the word "rich" has a very broad definition when it comes to investing, but one thing's for sure thought. You bought it earlier, you will gain more profits (base on history).
sr. member
Activity: 784
Merit: 372
June 18, 2023, 06:56:17 PM
#12
Investing in Bitcoin is very much a matter of patience as not all individuals can be patient. To invest in bitcoins one must avoid greed because (when there is a little profit, greed works inside us and we sell it). Everyone will be rich if the price of Bitcoin goes up but few will survive if the price of Bitcoin goes down. That's why I want to say but patience encourages human resources and time which is self-evident. Unique individuals who are successful have proven themselves to be very patient.
hero member
Activity: 2338
Merit: 757
June 18, 2023, 06:55:01 PM
#11
Profits from investments in Bitcoin are due to price fluctuations and instability. The state of instability results from the lack of full adoption of these assets in terms of use, which proves the data that 80 percent of Bitcoin users are investors and the rest use it as a payment system. If the adoption of Bitcoin is generalized, its price will certainly go towards stability and trading will become the only way to achieve profits. The current period is an opportunity for investors before full adoption takes place.
legendary
Activity: 3024
Merit: 2148
June 18, 2023, 06:41:55 PM
#10
However, when Bitcoin has reached full adoption and there is no more gain in value, then bitcoins will no longer be profitable for anyone but the traders.

It's possible that at some point Bitcoin will be overvalued, it will keep rising as if its getting more adoption, but in fact adoption will be barely moving. Unlike with stock markets or other assets, in Bitcoin market no one seem to care about fundamentals like number of users, number of merchants that accept Bitcoin, etc.
sr. member
Activity: 546
Merit: 342
June 18, 2023, 05:51:06 PM
#9
Investing in cryptocurrency has become a major reason behind many holders in the Crypto space , this is an undoubted reality. We all know that bitcoins has its various usecases but 80% of holders are profit driven. To me, I have come to understand that every holder cannot become rich at thesame time because their is no free money anywhere, when one user gets enough base on its smartness and well calculated strategy, another holder become a victim. This is something that happens
In every other business. So the fact is that , success in investment is directly linked to smartness. 

I guess you very correct on the part about smartness in investing. Bitcoin investment is similar to every other type of business which is no doubt expose to ups and downs, the fluctuations in the market can and has made so many investors calculated wrongly due to the fear about their investment going A WALL. Only the smart one who are willing to hold and buy more during the  dip and it doesn't necessarily need for you to buy big but continues DCA strategy can go a long way.
hero member
Activity: 770
Merit: 538
Leading Crypto Sports Betting & Casino Platform
June 18, 2023, 05:39:34 PM
#8
In every other business. So the fact is that , success in investment is directly linked to smartness. 


It deals with smartness while also circling around patients. Some investors have the zeal to invest but may not have the patience to hold their coins during a bear market. You are right that not everyone will make a profit, but the fact that if you don't sell your coin cheaply, you will make a profit is correct. Some investors also invest wrongly in Bitcoin, which is why if the market becomes so bearish, they become scared thinking that all their assets will get liquidated, so they rush into selling for just a little or no profit. The reason why I said some people invest wrongly is because if someone is earning like $1000 a month and they decide to start investing in Bitcoin, on their first investment, they buy $700 worth of Bitcoin, and after a week, the price of BTC drops by -15%, leaving their asset at a significant loss. Let's say at that moment when the price is down, an emergency comes up for the man, and he needs instant $500 to solve the problem. At that point in time, if his Bitcoin investment is his only option to solve that problem, he would not mind selling at a loss. That's why it's good if we always map out our budget and only invest the right amount in Bitcoin, so it doesn't affect us.


Cheers 🥂, Dr.Bitcoin_Strange 👺👺
legendary
Activity: 2492
Merit: 1232
June 18, 2023, 05:37:17 PM
#7
Bitcoin doesn't work like that, it seems you're describing a Ponzi scheme investment.
Because IMO, success in investing is not a zero-sum game where one person's gains come at the expense of another's losses.  The crypto market is highly dynamic and can provide opportunities for multiple individuals to profit simultaneously.  Besides, different investors have different entry and exit points and investment horizons which means they can experience different levels of success at various times.

Now it's a funny fact that people now store the value of Bitcoin instead of using this alternatively in fiat transactions.
It should be the use and recognize the broader scope of Bitcoin's adoption and the potential benefits it offers beyond just financial gains.
hero member
Activity: 1036
Merit: 674
June 18, 2023, 05:17:45 PM
#6

What is this about getting rich and smartness and a swap in between smartness and all...

I mean, I get you in some aspects but, some seems odd.

Anyway,not all holders becomes victims. In your trying to speculate what happens with holders and getting rich, you seem to have left out the new investors. Those are the once that could as well affect the demand curve and the miners as well who continue to mine new bitcoins into circulation.

The possibility of bitcoin serving for an investment has made holding a very lucrative thing go do but, not without  downside on its use case. You wouldn't want to see and before you could buy it back, the market boosts.
sr. member
Activity: 1372
Merit: 348
June 18, 2023, 05:04:17 PM
#5
To me, I have come to understand that every holder cannot become rich at thesame time because their is no free money anywhere, when one user gets enough base on its smartness and well calculated strategy, another holder become a victim. 
You are describing a Ponzi scheme where the product has no value besides being resold to the higher bidder who now have to look for someone who would buy it at an even more expensive price till it crumbles.
Bitcoin has utility besides its market value and isn't sold at the expense of the buyer.

I agree with @OP, in every action there is always an exact opposite reaction.  The law of equilibrium.  In the market, when someone gain, someone also losses.  Like when we sell our BTC @ $100k, we gain $100k, while the buyer losses $100k  but in return we losses the BTC while the other party gain  BTC.  This is exactly what happen in an open market.
legendary
Activity: 2338
Merit: 1261
Heisenberg
June 18, 2023, 03:25:23 PM
#4
We all know that bitcoins has its various usecases but 80% of holders are profit driven.
80% ? Why not 100%

Let's be honesty, all hodlers are profit driven at the very least. Otherwise, what would be the point of hodling if one is not in for profit?

Quote
To me, I have come to understand that every holder cannot become rich at thesame time because their is no free money anywhere, when one user gets enough base on its smartness and well calculated strategy, another holder become a victim.

It's not only HODLers who are buying or using bitcoin. We have day traders and then those just using it for transactions. So that where the money comes from.
A person only chooses to be a victim when they sell off their Bitcoin at a price lower than the buying price
legendary
Activity: 2114
Merit: 2248
Playgram - The Telegram Casino
June 18, 2023, 03:24:06 PM
#3
To me, I have come to understand that every holder cannot become rich at thesame time because their is no free money anywhere, when one user gets enough base on its smartness and well calculated strategy, another holder become a victim. 
You are describing a Ponzi scheme where the product has no value besides being resold to the higher bidder who now have to look for someone who would buy it at an even more expensive price till it crumbles.
Bitcoin has utility besides its market value and isn't sold at the expense of the buyer.
legendary
Activity: 4466
Merit: 3391
June 18, 2023, 02:43:17 PM
#2
Investing in bitcoins is not yet a zero-sum game. As long as the value of a bitcoin continues to rise, everyone can be a winner (though some more than others).

However, when Bitcoin has reached full adoption and there is no more gain in value, then bitcoins will no longer be profitable for anyone but the traders.
member
Activity: 388
Merit: 30
Reward: 10M Sheen (Approx. 5000 BNB) Bounty
June 18, 2023, 01:11:36 PM
#1
Investing in cryptocurrency has become a major reason behind many holders in the Crypto space , this is an undoubted reality. We all know that bitcoins has its various usecases but 80% of holders are profit driven. To me, I have come to understand that every holder cannot become rich at thesame time because their is no free money anywhere, when one user gets enough base on its smartness and well calculated strategy, another holder become a victim. This is something that happens
In every other business. So the fact is that , success in investment is directly linked to smartness. 
Jump to: