Topic: Who here has made a lot of money from bitcoin? (Read 2614 times)
As i stated before who made a lot of money besides companies related to bitcoin as cloud companies,scam projects,solo person wont tell they made a fortune and the most wouldnt never even be here as they sold their coins and are living the healt provided by bitcoin a few person just.This is like win lottery some lucly person always get the prize.
By that, I mean at least $50000 usd minimum. Of course that is not a lot if you are in a first world country and thus you aren't rich.
I'm curious if there are people here that bought a ton of bitcoin when it was say $50. Held it when it went all the way to 500 then to 1000 dollars... then immediately sold a ton of them. Then went and bought back btc again when it went all the way down to $250. And now its back to $425 or so.
Seems like buy a lot when low. Then once it goes very high, then just sell all/most of it. Then wait for it to make a big drop, then buy again. Rinse and repeat. Is there anything wrong with this? Now if you bought bitcoin when it was at the peak like at 1200... well i would figure that is not wise. For example few of my bitcoin are around 250 when i got them and now its pretty decent at over 400. I don't know that much about bitcoin... i used it because some gambling sites use it so i got bitcoin from those sites. But i had thought around the time... i think anytime bitcoin price is below $200, its an auto buy. I believe at the lowest point when it was dropping, it went down to $195 or so? But then it went back up but was very stable.
Can anything really go that wrong now if bitcoin was to drop to say $250. Then you buy a ton of it? Can anyone here imagine bitcoin dropping to $50 or even $100?
Another thing that i thought about. Let say you acquired bitcoins at $250. Then it rose all the way to $400. Now let say you own some ridiculous amount of bitcoins. Let say 500 bitcoin. If you sell all of them, you profit $150 each or $75000 usd! So if bitcoin drops after you sell them, you would feel good right? However... if bitcoin eventually goes back up and then say goes all the way to $1000... wouldn't you say... if i only held them longer... i would have made another $550x500 bitcoin = $275,000 USD!
The thing was back then when i sold some bitcoin when i first learned about it, i wanted to make sure i sold it at the price that i got it at minimum so i didn't incur any bitcoin loss etc. Like if i got bitcoins that are $230 each, i want to sell them at least for that price. So when bitcoin went down, i was a bit happy that hey i sold it where i didn't incur a loss. My logic was... hey i sold btc to someone else and now btc went down. So thats good for me. But the thing is when btc went up... and let say the person or site who i sold btc to kept the bitcoin, they profit.
So in the end... does it really matter if bitcoin drops or goes up in a short time really assuming you aren't trading? For example at what point do you sell the bitcoin? Let say it went all the way up to $2000 per bitcoin. If you sell, you would make lot of profit. Now if you sell and it goes even higher to like $5000 per bitcoin... wouldn't you say... wow i had 500 btc and that would been another $3000 profit per btc. That would be $1.5 million dollars!
I'm curious if anyone here has a strategy that could make at least $5000 a year or $10000 a year with trading btc. Such as buy a lot when low, then sell high. I mean... could a disaster happen here? My thoughts are if you buy a lot then price drops so much... then if you sell it, isn't selling btc the worst possible idea ever then? Thus you take the loss but if you can wait a bit more, eventually bitcoin will go back up? Now those ppl who bought btc at $1200.. im not sure anyone could tolerate it when it dropped so much. But if you buy very low, isn't the risks really not that high at all?
I'm curious if there are people here that bought a ton of bitcoin when it was say $50. Held it when it went all the way to 500 then to 1000 dollars... then immediately sold a ton of them. Then went and bought back btc again when it went all the way down to $250. And now its back to $425 or so.
Seems like buy a lot when low. Then once it goes very high, then just sell all/most of it. Then wait for it to make a big drop, then buy again. Rinse and repeat. Is there anything wrong with this? Now if you bought bitcoin when it was at the peak like at 1200... well i would figure that is not wise. For example few of my bitcoin are around 250 when i got them and now its pretty decent at over 400. I don't know that much about bitcoin... i used it because some gambling sites use it so i got bitcoin from those sites. But i had thought around the time... i think anytime bitcoin price is below $200, its an auto buy. I believe at the lowest point when it was dropping, it went down to $195 or so? But then it went back up but was very stable.
Can anything really go that wrong now if bitcoin was to drop to say $250. Then you buy a ton of it? Can anyone here imagine bitcoin dropping to $50 or even $100?
Another thing that i thought about. Let say you acquired bitcoins at $250. Then it rose all the way to $400. Now let say you own some ridiculous amount of bitcoins. Let say 500 bitcoin. If you sell all of them, you profit $150 each or $75000 usd! So if bitcoin drops after you sell them, you would feel good right? However... if bitcoin eventually goes back up and then say goes all the way to $1000... wouldn't you say... if i only held them longer... i would have made another $550x500 bitcoin = $275,000 USD!
The thing was back then when i sold some bitcoin when i first learned about it, i wanted to make sure i sold it at the price that i got it at minimum so i didn't incur any bitcoin loss etc. Like if i got bitcoins that are $230 each, i want to sell them at least for that price. So when bitcoin went down, i was a bit happy that hey i sold it where i didn't incur a loss. My logic was... hey i sold btc to someone else and now btc went down. So thats good for me. But the thing is when btc went up... and let say the person or site who i sold btc to kept the bitcoin, they profit.
So in the end... does it really matter if bitcoin drops or goes up in a short time really assuming you aren't trading? For example at what point do you sell the bitcoin? Let say it went all the way up to $2000 per bitcoin. If you sell, you would make lot of profit. Now if you sell and it goes even higher to like $5000 per bitcoin... wouldn't you say... wow i had 500 btc and that would been another $3000 profit per btc. That would be $1.5 million dollars!
I'm curious if anyone here has a strategy that could make at least $5000 a year or $10000 a year with trading btc. Such as buy a lot when low, then sell high. I mean... could a disaster happen here? My thoughts are if you buy a lot then price drops so much... then if you sell it, isn't selling btc the worst possible idea ever then? Thus you take the loss but if you can wait a bit more, eventually bitcoin will go back up? Now those ppl who bought btc at $1200.. im not sure anyone could tolerate it when it dropped so much. But if you buy very low, isn't the risks really not that high at all?
First of all, 50 grand is a lot to me and I live in a first world country. I bet there are only a handfull that made amounts like this. Second of all why would you be interested in wealth of others. Be happy with what you got.
Cryptsy has taken the lead for this year:
13000 BTCitcoin comes to 4,984,000 USD (by the current price)
300000 LTC comes to 908,700 USD ( "")
4984000+908700 = 5,892,700 USD
I think we have a clear winner here. This is the list someone presented me of people/firms who made a ton of money from BTC in last couple of years.
http://www.coincer.org/history-of-cracks/
13000 BTCitcoin comes to 4,984,000 USD (by the current price)
300000 LTC comes to 908,700 USD ( "")
4984000+908700 = 5,892,700 USD
I think we have a clear winner here. This is the list someone presented me of people/firms who made a ton of money from BTC in last couple of years.
http://www.coincer.org/history-of-cracks/
Cryptsy is the winner.
Let's give them a free ticket, a free ticket to jail.
Stealing this much money from investors is so wrong.
Cryptsy has taken the lead for this year:
13000 BTCitcoin comes to 4,984,000 USD (by the current price)
300000 LTC comes to 908,700 USD ( "")
4984000+908700 = 5,892,700 USD
I think we have a clear winner here. This is the list someone presented me of people/firms who made a ton of money from BTC in last couple of years.
http://www.coincer.org/history-of-cracks/
13000 BTCitcoin comes to 4,984,000 USD (by the current price)
300000 LTC comes to 908,700 USD ( "")
4984000+908700 = 5,892,700 USD
I think we have a clear winner here. This is the list someone presented me of people/firms who made a ton of money from BTC in last couple of years.
http://www.coincer.org/history-of-cracks/
The owner of exchanges has their cost as well and security is charging a lot and employers as well soo deduct their costs,anyway those sure will keep profit a lot into bitcoin world,collectiing their fees,one single person withou projects like exchanges or others just trading i guess they sold all coins and are away from the forum or bitcoin.
Cryptsy has taken the lead for this year:
13000 BTCitcoin comes to 4,984,000 USD (by the current price)
300000 LTC comes to 908,700 USD ( "")
4984000+908700 = 5,892,700 USD
I think we have a clear winner here. This is the list someone presented me of people/firms who made a ton of money from BTC in last couple of years.
http://www.coincer.org/history-of-cracks/
13000 BTCitcoin comes to 4,984,000 USD (by the current price)
300000 LTC comes to 908,700 USD ( "")
4984000+908700 = 5,892,700 USD
I think we have a clear winner here. This is the list someone presented me of people/firms who made a ton of money from BTC in last couple of years.
http://www.coincer.org/history-of-cracks/
How much is a lot at the first place?
My bitcoin earnings really supported me in some of my general financial purposes many times so I think Im one of the person who made lot of money from bitcoin lol.
I hope everyone who is a user of Bitcoins in this forum has made a lot of money. Because Bitcoins life is now real life for everyone. My friends have made really a lot of money.My bitcoin earnings really supported me in some of my general financial purposes many times so I think Im one of the person who made lot of money from bitcoin lol.
Again how much is a lot.
My answer for my own question, as long as people help by the money they got thru bitcoin, I consider this a 'lot' because somehow bitcoin helps them in a percentage of their whole financial queries.
Im newbie so i not yet have bitcoin
I haven't made much yet out of bitcoin. I'm just holding what I have for now.
Right now I'm just earning more bitcoin as I go, I'm not into any rush to sell or buy for the moment.
Right now I'm just earning more bitcoin as I go, I'm not into any rush to sell or buy for the moment.
How much is a lot at the first place?
My bitcoin earnings really supported me in some of my general financial purposes many times so I think Im one of the person who made lot of money from bitcoin lol.
I hope everyone who is a user of Bitcoins in this forum has made a lot of money. Because Bitcoins life is now real life for everyone. My friends have made really a lot of money. My bitcoin earnings really supported me in some of my general financial purposes many times so I think Im one of the person who made lot of money from bitcoin lol.
How much is a lot at the first place?
My bitcoin earnings really supported me in some of my general financial purposes many times so I think Im one of the person who made lot of money from bitcoin lol.
My bitcoin earnings really supported me in some of my general financial purposes many times so I think Im one of the person who made lot of money from bitcoin lol.
i made arround $50-$100/week from sign campaign earning, trading altcoin (usually i trade at bitrex) , also some from faucet and ads
i think if i have capital $10.000 i can made a lot of money from bitcoin trading
i think if i have capital $10.000 i can made a lot of money from bitcoin trading
I have a money from bitcoin but not that much.
It is a good amount to sustain my needs.
It is a good amount to sustain my needs.
Besides those gambling sites owners and traders, there are lots scammers who earn a lot more than 50K and you can find them on accusations section. Mtgox is just one. michealmoriarty scammed more than a 100btc from Rickjames. This for sure needs no proof.
Waw that is just so not good to see that just people earn 100 bitcoin just scamming like that.
I would like to earn bitcoin that much, but scamming people is not the good way to do.
But is also I think fault for some people if they don't do a good research for some sites.
That's an awful lot of money. I doubt there was any honest person who earned that much. Unless you own a gambling site, then yes I understand how you could earn that much.
Most people who've made that much are mostly scammers, who you just simply can't track down.
As much as I like bitcoin, there are still many many people out there who abuse the way bitcoin works.
Most people who've made that much are mostly scammers, who you just simply can't track down.
As much as I like bitcoin, there are still many many people out there who abuse the way bitcoin works.
In my case I think I can't make a lot of money with bitcoin, but like something more less than 200 dollars a month.
Also I a have a job so I think that bitcoin is a good amount to buy some groceries in my opinion.
Also I a have a job so I think that bitcoin is a good amount to buy some groceries in my opinion.
I made a decent amount of money from bitcoin. You're right about the rinse and repeat part. That's the best way to make profits and get the best out of bitcoin as well. If the price drops to $250 I would be able to buy some but not a ton of it. I think it's alright if you can buy a handful of bitcoins with that amount.
I think the better question is: who has made a lot of bitcoin from money?
i made them from nothing(instamining mostly), does this count too? i think it require much more skill than simply buying them on the market
well ti was onyl possible due to altcoin in general
Well... too much rounded question..
You also can ask that in short one or two paragraph..
Anyway... there would many peoples have done that ans did too much profit..
And it's called earning ri through investment..
And if you want to earn then you should take risk..
And investing in bitcoin I don't think you will go in too much loss at any condition...
You also can ask that in short one or two paragraph..
Anyway... there would many peoples have done that ans did too much profit..
And it's called earning ri through investment..
And if you want to earn then you should take risk..
And investing in bitcoin I don't think you will go in too much loss at any condition...
I haven't made that kind of money but I still have made a decent amount from Bitcoin. I also invest in stocks which I believe are better for making money.
Trying to profit from price movement is just like gambling, sometimes you win, sometimes you lose, overall you are not better than just buy and hold, because fiat money is destined to become more and more and bitcoin has limited total amount. I have seen some people here don't even count the profit in fiat money, only in bitcoin
I think who made the most out of bitcoin are those early FPGA/ASIC miner producers, mining pools operators, exchange operators etc... In one word, operating certain kind of bitcoin service, so that you have a steady inflow of bitcoin income regardless of exchange rate
I think who made the most out of bitcoin are those early FPGA/ASIC miner producers, mining pools operators, exchange operators etc... In one word, operating certain kind of bitcoin service, so that you have a steady inflow of bitcoin income regardless of exchange rate
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