Will people ever get tired of trading bitcoin?

Gormicsta

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Quote from: Accardo on October 16, 2023, 06:43:37 PM

They are four kinds of trading according to Pareto; An immortalized name in the economics mathematical science.

1. A win win trade; one that the both parties win, hence the number of people into such trade keeps booming

2. Trade in which a party gains, but no one loses, and again welfare will definitely go up; more users and investors

3. Trade in which no one gains, but someone loses

4. Trade in which some party win and some loses, and increases the amount of profits of those who won.

People are wise, they'll go for one and two, but will trade on it until a point where people can't trade without getting worsen off. But, in 3 and 4, where I placed bitcoin, especially 4. The trade cannot be profitable if people don't lose for others to win. Yet it has some qualities of the results of number 1, finite supply. When the supply of bitcoin ends. Wouldn't people look for other things that'll serve them, other than bitcoin?

People's interest can change in the market. Which is what balances the market. Difference in utilities.

No fud! just reasoning like an economists. Using their mathematical science. You can contribute or share you insights on Pareto principles; Pareto optimal and Pareto superior trades.

Thanks.

You are correct that individual and group likes and dislikes can vary, affecting the market. For instance, if a big number of individuals lose passion for bitcoin and instead invest in other assets, the price of bitcoin may fall. On the other hand, if more individuals become enthusiastic about bitcoin and begin to use it for operations, its value may climb. So it's critical to examine how the market could develop in the future as people's choices shift. So, while Bitcoin's supply is restricted, other variables may impact its worth as time passes.

Baki202

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Quote from: ifarted on February 06, 2024, 11:22:58 AM

It depends on the person who is trading. Some may stop trading not for a very long time while some stop trading for a long term which means they stop trading for a certain time but it would be longer than the first one. i don't have lots of experience in trading but I can tell that it is not easy to earn money trading because there's also risk just like when you investing in Bitcoin. The difference between the two is you have to trade your Bitcoin while investing is you stake your bitcoin on a platform ot by simply buying and keep it in your wallet which is called holding.

Just the way I don't get tired of gambling, the same way some people don't get tired of trading, and they are similar, I even prefer trading to just holding since, from time to time, trading can fetch me some profit, and that is how gambling is also, at least I will be able to sustain myself, and if I am holding, I have to wait for years to make a profit, and you don't expect me to completely rely on my job alone, and that is why I am spicing it up with gambling.

If I start trading, I will take at least fifty percent of my assets. That is when I become a professional trader, and my target will be how I will make money because you need money to survive. I know trading is not easy, but even as people are losing money, they are also making money. bitcoin is simple Keep your bitcoin safe and play it safe.

AnonBitCoiner

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Quote from: ringgo96 on February 20, 2024, 11:02:49 AM

for investors who already understand the development of bitcoin, of course they won't get bored of investing in bitcoin or altcoins, but for those who want to get results quickly they will switch to collecting several potential altcoins and this will continue until they are at the top point to make a profit So, in investing we must have patience so that we can continue to feel the benefits.

Those who wants quick profit from bitcoin and altcoins will become bored or will take little benefit and will sell their bitcoin and they are not true investors and holders of bitcoin. If a person once find anything beneficial that gives him a lot of money then he will try to wait more and more and will not get bored of that thing but if he fails to get what he wants then I think he will soon leave such mechanism.

From altcoins sometimes you can get quick profit but you cannot get quick profit in a days from bitcoin because little profit will not give you pleasure but its long term holder that can make you more profitable. Don't get bore and enjoy this investment as these days only bitcoin and altcoins investment can make us financially stable.

Uruhara

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Quote from: Franctoshi on February 20, 2024, 09:21:45 AM

This Op's question is just like asking if people will ever get tired of earning money or trading money, which the very answer to it is No. Bitcoin is money itself and which serves as a medium of exchange, and furthermore a store of value and an inflation hedge, so why would people want to stop to trade what they know is good, in as much as the system is still believed and is trusted, people will continue to use it and trade Bitcoin to earn more money, which makes it amazing.

Well it's true that even we are entering the crypto industry, especially in bitcoin investment. Then we even become more fond of bitcoin and trust it more. It's just that maybe what the OP means is tired of trading in the short term and being switched to the long term. Because I personally also no longer trade in bitcoin pairs and I prefer to only buy to add to my accumulation of long-term investments. If it's about trading I prefer to trade in altcoins which are much higher volatility and easier for us to take advantage of the fluctuations. Although the risk is much bigger. And I only use bitcoin as a long-term investment goal.

ringgo96

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Quote from: |MINER| on February 20, 2024, 10:20:44 AM

No people will never get tired of trading in BTC. There is no chance of losing in BTC. It is a long term process but it is reliable. People invest in BTC thinking about the security of their own money. No one is willing to lose their precious money. Even though the profit process is slow, the profit is still there. And there is no talk during the bull run, those who have invested money can expect their money to increase several times.

for investors who already understand the development of bitcoin, of course they won't get bored of investing in bitcoin or altcoins, but for those who want to get results quickly they will switch to collecting several potential altcoins and this will continue until they are at the top point to make a profit So, in investing we must have patience so that we can continue to feel the benefits.

|MINER|

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No people will never get tired of trading in BTC. There is no chance of losing in BTC. It is a long term process but it is reliable. People invest in BTC thinking about the security of their own money. No one is willing to lose their precious money. Even though the profit process is slow, the profit is still there. And there is no talk during the bull run, those who have invested money can expect their money to increase several times.

Franctoshi

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This Op's question is just like asking if people will ever get tired of earning money or trading money, which the very answer to it is No. Bitcoin is money itself and which serves as a medium of exchange, and furthermore a store of value and an inflation hedge, so why would people want to stop to trade what they know is good, in as much as the system is still believed and is trusted, people will continue to use it and trade Bitcoin to earn more money, which makes it amazing.

STT

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Theres a cost and utility to the natural trade of BTC, this was a question going back a decade as to long term viability. Some think BTC serves no purpose and will decline, to be replaced by digital alternatives. I have to realize maybe a bit late but BTC is unique in the function it does and is not easily replaced, not least because it is able to adapt and improve as we progress.
The harsh critics of Bitcoin who say its some kind of trick are refusing to acknowledge the demand and its unique place as a product. On the flip side Im not as bullish as those who would state BTC replaces every other currency type, its not replacing gold as they are different things offering separate functions I think that dream is also overplayed as much as the people who dismiss BTC for a decade. Theres a balance to the all ideas and a fair regular marketplace does give benefit to buyers and sellers.

Uruhara

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In bitcoin, there is actually not always a party who suffers losses just to make one party benefit. Like if one day BTC will be widely used as a legal alternative means of payment in more countries. So at that time people who need BTC will look for sellers. And the seller will sell at a fairly profitable price and the buyer will be happy because he succeeded in buying bitcoin and now he can transact or make payments with bitcoin. Even now, in the digital world, many people buy BTC, regardless of the current market price. Because they buy and use it to pay anonymously for something in the digital world. And yes, all parties in this case benefit in different forms.

talk about tired actually I'm tired enough to trade bitcoin. So I decided to buy and hold it for the long term. Grin

sekalitas

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Quote from: Accardo on October 16, 2023, 06:43:37 PM

They are four kinds of trading according to Pareto; An immortalized name in the economics mathematical science.

1. A win win trade; one that the both parties win, hence the number of people into such trade keeps booming

2. Trade in which a party gains, but no one loses, and again welfare will definitely go up; more users and investors

3. Trade in which no one gains, but someone loses

4. Trade in which some party win and some loses, and increases the amount of profits of those who won.

People are wise, they'll go for one and two, but will trade on it until a point where people can't trade without getting worsen off. But, in 3 and 4, where I placed bitcoin, especially 4. The trade cannot be profitable if people don't lose for others to win. Yet it has some qualities of the results of number 1, finite supply. When the supply of bitcoin ends. Wouldn't people look for other things that'll serve them, other than bitcoin?

People's interest can change in the market. Which is what balances the market. Difference in utilities.

No fud! just reasoning like an economists. Using their mathematical science. You can contribute or share you insights on Pareto principles; Pareto optimal and Pareto superior trades.

Thanks.

I believe some individuals might lose interest in trading Bitcoin if it experiences sustained periods of low profitability. This is particularly true for those who entered the market due to fear of missing out (FOMO), without fully understanding the inherent volatility of cryptocurrencies and expecting overnight riches. Additionally, the high-risk nature of Bitcoin requires significant effort in analysis and prediction, which can be mentally draining for some investors, especially if they fear sudden losses without proper research and planning.

However, I don't foresee Bitcoin losing its overall appeal anytime soon. While there may not be a single technology currently offering similar potential for profit, the underlying blockchain technology and its applications hold immense promise for the future. Ultimately, the staying power of Bitcoin will depend on its ability to adapt and evolve alongside the ever-changing financial landscape.

lepbagong

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There are many aspects that must be seen first, such as whether he has put Bitcoin into his daily life so far. There are many aspects that can be done, according to the title, "Will people ever get tired of trading Bitcoin?".Of course, in trading Bitcoin, the main basis is because you want to be able to provide profits from what you do when trading with Bitcoin.as long as he trades and continues to not provide the desired profit but instead continues to provide losses.then it is certain that he will leave bitcoin to no longer trade, but if it is profitable, then he will remain loyal to continue trading, but it could also be that he gets a job with a greater income than trading bitcoin; it is certain that he will also leave.

uchegod-21

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Quote from: Accardo on October 16, 2023, 06:43:37 PM

Re: Will people ever get tired of trading bitcoin?

People will get tired of trading bitcoin if one or more of the points below eventually happens.

When they keep losing in the trade
When bitcoin is no more volatile
When they have other better means of earning
When there are more regulations against traders

When on the long run, I lose more than I win. I will get tired of trading.

Oneandpure

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During trading keep earn much profitable I don't sure some one will tired and leaves trading such as have been their main income, but difference cases with some one loss more in trading due lack knowledge and can't controlling their emotion immediately will leave trading and get tired without earn profit yet.
Personally trading is not easy for every one, many aspect have to understood if want to be success in trading and not get tired or bored when the moment not get profitable yet. Indeed mentality and controlling emotion is most important aspect need some one with higher level of patience if want to be success in trading. I sure more than 50% of trader have leave trading after losing opportunity to earn much profitable and lack knowledge make them difficult to be success in trading.

Fatunad

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Quote from: slapper on February 07, 2024, 05:27:17 AM

Quote from: kawetsriyanto on February 06, 2024, 04:21:18 PM

Quote from: ifarted on February 06, 2024, 11:22:58 AM

It depends on the person who is trading. Some may stop trading not for a very long time while some stop trading for a long term which means they stop trading for a certain time but it would be longer than the first one. i don't have lots of experience in trading but I can tell that it is not easy to earn money trading because there's also risk just like when you investing in Bitcoin. The difference between the two is you have to trade your Bitcoin while investing is you stake your bitcoin on a platform ot by simply buying and keep it in your wallet which is called holding.

Indeed. If the person may feel bored, they probably will stop temporarily only. But if the person rarely got profits and mostly got losses in trading, they may feel tired and stop forever. So, I think it is about how the results of trading Bitcoin itself.

Sure, it is not very easy to trade because we must have knowledge and experience to understand how to trade properly. We also need to adjust our trading style because of the chance of crypto market trends. I have some experiences in trading Bitcoin, sometimes I got quite good amount of money. But when it is not profitable to sell the Bitcoin, I prefer to hold the Bitcoin. As long as we are trading Bitcoin before the bullrun season, I think it is very safe to hold the Bitcoin that we failed to sell. So, actually trading Bitcoin is not so risky if we trade Bitcoin in the right time.

It is different if we trade shit coins. If we fail to sell the shit coins at the right time, we may have no chance to take profits. There is no clear future of shit coins, so it must be sold as soon as possible when they have good prices. But for Bitcoin, we can feel no worried although it can't be sold, we still have the chance to sell in bullrun season.

Understanding the market's undercurrents matters more than trading when. The 'bullrun season' isn't a safety net; it's a phenomenon driven by several causes, not a tide to bank on. Bitcoin is robust, but timing alone is skating on thin ice.

Dismissing altcoins as shit coins shows a lack of market diversification knowledge. Though volatile, their payoff potential is bigger. Strategic portfolio management, not immediate discarding.

Trading Bitcoin (or any cryptocurrency) requires analytical skills, emotional control, and strategic insight. Actively dealing with the market's complexity is more than just'safe holds' and waiting for the bull run. Doing this turns danger into opportunity.

We do know that there are different types of investors or traders on which there are ones who do really hold off for long term and there are ones who are really making that active approach on which it would really be just that normal that actions been made would really be reflecting out on someones personal goal and approach towards trading. If someone do really have that kind of unfortunate condition towards trading
then they wont really be that making themselves that able to sustain for too long but rather they would be completely on stopping. We do know that not all who do get engaged with trading doesnt
really end up well on which it would be just that normal that you would really be basing up with your own choice.

Getting tired? its not tiring but rather it is really that something thrilling and challenging on which on the time that you would really be finding yourself
having those kind of struggles in trading but still could be able to handle yourself well then i dont see any issues for you to stop completely
but rather it would be best to proceed on.

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Quote from: kawetsriyanto on February 06, 2024, 04:21:18 PM

Quote from: ifarted on February 06, 2024, 11:22:58 AM

It depends on the person who is trading. Some may stop trading not for a very long time while some stop trading for a long term which means they stop trading for a certain time but it would be longer than the first one. i don't have lots of experience in trading but I can tell that it is not easy to earn money trading because there's also risk just like when you investing in Bitcoin. The difference between the two is you have to trade your Bitcoin while investing is you stake your bitcoin on a platform ot by simply buying and keep it in your wallet which is called holding.

Indeed. If the person may feel bored, they probably will stop temporarily only. But if the person rarely got profits and mostly got losses in trading, they may feel tired and stop forever. So, I think it is about how the results of trading Bitcoin itself.

Sure, it is not very easy to trade because we must have knowledge and experience to understand how to trade properly. We also need to adjust our trading style because of the chance of crypto market trends. I have some experiences in trading Bitcoin, sometimes I got quite good amount of money. But when it is not profitable to sell the Bitcoin, I prefer to hold the Bitcoin. As long as we are trading Bitcoin before the bullrun season, I think it is very safe to hold the Bitcoin that we failed to sell. So, actually trading Bitcoin is not so risky if we trade Bitcoin in the right time.

It is different if we trade shit coins. If we fail to sell the shit coins at the right time, we may have no chance to take profits. There is no clear future of shit coins, so it must be sold as soon as possible when they have good prices. But for Bitcoin, we can feel no worried although it can't be sold, we still have the chance to sell in bullrun season.

Understanding the market's undercurrents matters more than trading when. The 'bullrun season' isn't a safety net; it's a phenomenon driven by several causes, not a tide to bank on. Bitcoin is robust, but timing alone is skating on thin ice.

Dismissing altcoins as shit coins shows a lack of market diversification knowledge. Though volatile, their payoff potential is bigger. Strategic portfolio management, not immediate discarding.

Trading Bitcoin (or any cryptocurrency) requires analytical skills, emotional control, and strategic insight. Actively dealing with the market's complexity is more than just'safe holds' and waiting for the bull run. Doing this turns danger into opportunity.

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Quote from: kawetsriyanto on February 06, 2024, 04:21:18 PM

Quote from: ifarted on February 06, 2024, 11:22:58 AM

It depends on the person who is trading. Some may stop trading not for a very long time while some stop trading for a long term which means they stop trading for a certain time but it would be longer than the first one. i don't have lots of experience in trading but I can tell that it is not easy to earn money trading because there's also risk just like when you investing in Bitcoin. The difference between the two is you have to trade your Bitcoin while investing is you stake your bitcoin on a platform ot by simply buying and keep it in your wallet which is called holding.

Indeed. If the person may feel bored, they probably will stop temporarily only. But if the person rarely got profits and mostly got losses in trading, they may feel tired and stop forever. So, I think it is about how the results of trading Bitcoin itself.

Sure, it is not very easy to trade because we must have knowledge and experience to understand how to trade properly. We also need to adjust our trading style because of the chance of crypto market trends. I have some experiences in trading Bitcoin, sometimes I got quite good amount of money. But when it is not profitable to sell the Bitcoin, I prefer to hold the Bitcoin. As long as we are trading Bitcoin before the bullrun season, I think it is very safe to hold the Bitcoin that we failed to sell. So, actually trading Bitcoin is not so risky if we trade Bitcoin in the right time.

It is different if we trade shit coins. If we fail to sell the shit coins at the right time, we may have no chance to take profits. There is no clear future of shit coins, so it must be sold as soon as possible when they have good prices. But for Bitcoin, we can feel no worried although it can't be sold, we still have the chance to sell in bullrun season.

We are just humans and there would really be those moments or times that you would really be getting bored specially if you are on the condition that you are making those non profitable or simply those losing trades.

It would really be that normal that we would really be that emotional into those kind or particular moments on our trading career and this is something that what makes you tired. You might be having those breaks but doesnt mean that you would really be completely stopping. Each person does have their own approach on things. If they do find out if continuing isnt already ideal and they have losing that much
then it wont really be that a bad thing that they would really be stopping on what they are doing. There are really just that things in life that cant be possibly be able to obtain no matter how hard you do.

This is why it would be best that you should really be that able to assess whether it would be a viable decision or not. It would be always getting in line with your own interest.

kawetsriyanto

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Quote from: ifarted on February 06, 2024, 11:22:58 AM

It depends on the person who is trading. Some may stop trading not for a very long time while some stop trading for a long term which means they stop trading for a certain time but it would be longer than the first one. i don't have lots of experience in trading but I can tell that it is not easy to earn money trading because there's also risk just like when you investing in Bitcoin. The difference between the two is you have to trade your Bitcoin while investing is you stake your bitcoin on a platform ot by simply buying and keep it in your wallet which is called holding.

Indeed. If the person may feel bored, they probably will stop temporarily only. But if the person rarely got profits and mostly got losses in trading, they may feel tired and stop forever. So, I think it is about how the results of trading Bitcoin itself.

Sure, it is not very easy to trade because we must have knowledge and experience to understand how to trade properly. We also need to adjust our trading style because of the chance of crypto market trends. I have some experiences in trading Bitcoin, sometimes I got quite good amount of money. But when it is not profitable to sell the Bitcoin, I prefer to hold the Bitcoin. As long as we are trading Bitcoin before the bullrun season, I think it is very safe to hold the Bitcoin that we failed to sell. So, actually trading Bitcoin is not so risky if we trade Bitcoin in the right time.

It is different if we trade shit coins. If we fail to sell the shit coins at the right time, we may have no chance to take profits. There is no clear future of shit coins, so it must be sold as soon as possible when they have good prices. But for Bitcoin, we can feel no worried although it can't be sold, we still have the chance to sell in bullrun season.

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Quote from: Accardo on October 16, 2023, 06:43:37 PM

They are four kinds of trading according to Pareto; An immortalized name in the economics mathematical science.

1. A win win trade; one that the both parties win, hence the number of people into such trade keeps booming

2. Trade in which a party gains, but no one loses, and again welfare will definitely go up; more users and investors

3. Trade in which no one gains, but someone loses

4. Trade in which some party win and some loses, and increases the amount of profits of those who won.

People are wise, they'll go for one and two, but will trade on it until a point where people can't trade without getting worsen off. But, in 3 and 4, where I placed bitcoin, especially 4. The trade cannot be profitable if people don't lose for others to win. Yet it has some qualities of the results of number 1, finite supply. When the supply of bitcoin ends. Wouldn't people look for other things that'll serve them, other than bitcoin?

People's interest can change in the market. Which is what balances the market. Difference in utilities.

No fud! just reasoning like an economists. Using their mathematical science. You can contribute or share you insights on Pareto principles; Pareto optimal and Pareto superior trades.

Thanks.

Your approach to Pareto principles in trading is presented very clearly. It is known that successful deals should benefit all parties involved. However, in the world of cryptocurrencies, where there is limited supply, questions arise about fairness and equality of gains.

My opinion is that it is important to find a balance between competition and cooperation in the market. Only in this way can an environment be created that stimulates innovation and contributes to the development of the entire community.

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Limited supply attracts people who usually enter trades number 1 and 2 to choose more challenging tastings such as trades number 3 and 4. The efficiency and systematicity offered makes Bitcoin a fast crowdfunding tool because it uses a blockchain network that is strong and difficult to counterfeit. Every trader who owns Bitcoin can have full control of his assets without being tied to central bank or government policies.

Bitcoin owners can directly manage their assets through a personal wallet which can be accessed at any time because it is stored on a blockchain which does not have rules for controlling assets like the system implemented in banking. If the bank goes bankrupt, the assets stored may disappear. The result of a system that provides complete control over its assets stored using blockchain technology makes Bitcoin trading the most desirable because it can increase the amount of profit for the winning party. Even though these trades have winners and losers, traders firmly believe their future lies in Bitcoin.

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It depends on the person who is trading. Some may stop trading not for a very long time while some stop trading for a long term which means they stop trading for a certain time but it would be longer than the first one. i don't have lots of experience in trading but I can tell that it is not easy to earn money trading because there's also risk just like when you investing in Bitcoin. The difference between the two is you have to trade your Bitcoin while investing is you stake your bitcoin on a platform ot by simply buying and keep it in your wallet which is called holding.

Topic: Will people ever get tired of trading bitcoin? (Read 1389 times)