Topic: Will people ever get tired of trading bitcoin? - page 9. (Read 1389 times)

I think that will never get tired guys who have been in cryptocurrencies for a long time are people who came in 2016, for example. these guys saw the dawn and collapse of ICO, they also saw how bounty hunter could earn $ 20,000 and in signature campaigns. In general, these are real enthusiasts of the crypto industry. Only those who wanted to get a net benefit from it, but at the same time failed, can leave the world of cryptocurrencies and forget about bitcoin. But BTC its not only about money, its a great Ideology.

Trading crypto can be enjoyable as long as the trader makes profits through his trade. This is not always the case because it is also time consuming and unhealthy to sit on a chair for the whole day and wait for the opportunity to make the next move. However, trading crypto is super risky and you can lose all of your profits in one shot which can be really painful for a trader.

For those pro and merchant traders that have made a career out of trading BTC, it will be difficult to get tired, unless the new tactics for them involves HODLing up to duration before continuation.
For what a name and reputation stands for however, it would be so difficult for a top BTC trader to just get tired and relinquish any recognition so far earned.

A gambler losses and still has hope of winning so they come back, I don't see why anyone who has encountered a few losses at the onset of or while trading BTC should get discouraged and just quit. It would be true to say such a one never loved trading or don't fancy making money this way, even though it is evidently so, that BTC is the future of money.

For those who have experienced profits from trading bitcoin and made it their main job, of course they won't get tired, I have a friend who trades bitcoin and altcoins, he seems to enjoy his work and has a lot of free time because trading on spot exchanges is of course very easy and you can set profit targets what you want to get.

However, there's a peculiar aspect to Bitcoin trading when its price seems to keep rising continuously. Anyone could potentially reap benefits from trading activities, as not everyone acquires BTC solely for profit but rather employs it as a bank-independent means of exchange. Such a function might hold more significance than the gains from trading, so even if there's a loss in value against the USD, a person is fortunate when using Bitcoin as a medium of exchange, which constitutes another parameter for why someone buys BTC.

As long as BTC users remain diverse in their utilization of Bitcoin, this means that point number 4 doesn't entirely apply. This is what leads me to believe that the 50:50 trading opportunity in Bitcoin doesn't fully hold as long as BTC serves a purpose beyond generating profit.

I'll only be perplexed when Bitcoin can no longer function as a bank-independent means of exchange. What fundamental purpose will justify people buying BTC in the future? Will it become a goal for collectors?

trading is all about taking advantage of current situation and also predicting future, If someone is having all the aptitude required with trading that is cold headed, thinking based on logic and so on they will profit same with investing, just imagine if you were the ones that go against the fear back then when bitcoin was heavily in bearish, right now you already make profit off the recovery of bitcoin, thats what is called level headed decision not just some random decision out of feeling that most of the time gonna be wrong.
thats what needed for a trader to make profit, its not constantly winning while also losing, but knowing how to make profit at the end of the day.

As the saying goes, "money talks." And Bitcoin? Bitcoin is economy's future. Over 11 years, it's served its role, proven its usefulness, and shown its potential. Now, I've always said, always believed, that Bitcoin is the way forward. The future is here, and it's the future!

E Gold? Certainly had its time. But Bitcoin? The Bitcoin took over. It ruled. It became gold standard. Bitcoin stays the same as the market evolves. It's limited, valuable, and permanent. People see that. They know the value of keeping their Bitcoins, even if some are lost. All about supply and demand. Simple economics

Despite new crypto, tech, and ideas, Bitcoin has proven itself. It's endured. Generations will see its strength, influence, and dominance. Like the dollar, it will survive despite adversities. Why? It's money. People always need money.

thats true also baffles me when people are talking manipulation when it comes to bitcoin its market capitalization is reaching 500 billions and its trading volume is also not some measly amount either.
if there's whales that could manipulate the price of bitcoin solely depending on their market manipulation which is using their capital then they ain't whales they are billionaire, because the money needed would be tremendous and I don't even sure ordinary billionaire could pull it off even with all their assets liquidated solely for manipulating the bitcoin market.
this kind of thing is always baseless, i'd believe if we are talking crypto with low market capitalization but bitcoin definitely not one of them.

I think these definitions of trading is more suitable for a more traditional trading, like a commodity trading or trading related to a more traditional stuff, when one of the party is end user, or if they resell the goods have a fixed price, they are not speculating it. While most of the people who trade Bitcoin relies on the speculation. Thus for the question 'Will people ever get tired of trading Bitcoin?', I think they will when the Bitcoin price is very stable, and it's either too difficult or too long to wait for the price to go up, it's no more profitable to speculate on Bitcoin.

Sure a win win market doesn't stay for long due to a finite supply. The product or commodity gets to a point where, it'll no longer be profitable. And continuing with such business can cause losses. I've seen such business, where people all gained. A group of people can stake money to purchase a product, then trade the commodity until they're satisfied. If they get the joy from the commodity, they're winning. Only thing is that such business suffer short term survival in the market. Hence, saying that a win win trade doesn't exist, isn't right. It could be you've not noticed such a trade. Most investors at one point finds a product that serve such market value. Where everyone wins. Take a business model for instance, where a type of wood is needed in the market. And few amount of people bought these trees and supply it. With the rate of sales and turn over, these investors will go extreme looking for such woods. To be able to meet up with demand. Thereby increasing the price of such wood. But to a point, where both parties get satisfied, the seller and buyer stops trading the wood. Because both parties will no longer benefit from trading the wood. As though, it has gotten to a stage where finding the wood is so difficult that it'll always cost them to loss before getting it. Hence, a halt on trading such wood will be the best alternative. That's what the number 1 is about. They can't trade it forever, that's why the market won't continue making them more wealth. Until a point where it all balances. People keep trading a product until they're tired of the utility. Which can be as a result of finite supply. Even in such trades like no 4 where people suffer loss, they're those who get reasonable profits from similar trades. Looking at it from a practical aspect, the use of or the existence of such types of trades, isn't a questionable one. They exist and is applicable in the real world.

let us put it this way, trading is not for all people. it depends on how passionate you are in this aspect. and even some of these traders can easily lose their interest once they are suffering losses after losses. so you do really have to dedicate your time and mental facet on this one to be successful on this activity.

They don't work in reality. No way we could just win all the time from trading but also suffer losses (no matter what we do). If that is true, all traders are already rich but unfortunately, many are suffering losses and even quit.

These 2 things made innocent people think that trading is the answer to their ambitious dream (rich). But their bad experience helps them as well to realize that they were wrong. We have to keep in mind that trading is too risky, some people make a profit while some also lose.

Bitcoin being involved in a lot of controversy and rumor and still number one of the board is why people won't let their hands of bitcoin. Imagine being called bubble a hundred times by billionaires, economists, people with influence etc. and standing still up til now with a price of $28k.

Yeah it is like a reverse effect of bitcoin when people call it a bubble or trash. I don't think people will lose interest in bitcoin as long as they see a price action and not a stagnant price for it so they can trade and making constant profit. But holding bitcoin would affect its price, pretty sure this is also why we are not seeing that much price volatility in the past few months.

I don’t agree with you that bitcoin has a market whale that can influence or manipulate the bitcoin price to their desired price, the highest holder of bitcoin known is the binance exchange and even them cannot cause manipulation but rather a short term panic, something that even an exchange hack or collapse can cause. The example you presented about the fake ETF news was no where near any manipulation but a media error by cointelegraph which caused a FOMO and when the true news broke out it they fear of losing crippled in and the market redressed. This is the kind of stuffs that affect the price, not a whale moving his funds or setting the price at a price they want. If it is this possible then Sam the CEO of FTX would have gotten his way of setting the price at $20k, because he also has a lot of bitcoin, but just like every whale not enough to control the market because the bitcoin is so decentralized that it can’t be possible

I don't think there will be a time when bitcoin will be appreciated by everyone. Some people will be shocked to hear that even gold has a community that doesn't like it. I can see you are overconfident about bitcoin and I know why. You are only looking at the price and thinking this will continue forever. People like bitcoins deflationary nature but they also forget that this makes bitcoin challenging to accept as a currency. People don't want to use their bitcoins to pay for services because they know their price will increase after sometimes.

People's interest in Bitcoin is so intense that I don't think this effect will go away. Despite many obstacles, Bitcoin is still talked about, traded and believed in. As such, we cannot talk about a decline in interest in Bitcoin.

Over time, the actions of those who don't want Bitcoin are causing confidence in Bitcoin to grow even more. Because their arguments for disliking Bitcoin are not well-founded. We all know that the day will come when Bitcoin will be truly appreciated by everyone. That's why Bitcoin trading and the convenience it brings will never end.

You don't need to have central authority to manipulate a market. Manipulation comes from two things: artificial market demands and use of influence. In the bitcoin market whales hold enough bitcoin to move the market few thousand dollars up or down. This scenario has already been observed after fake ETF approval news. Otherwise how market will pump 4000 dollars within few minutes and return to the same level after the truth has been revealed. This was manipulation and whale used the news to manipulate the market. This can not be done in the forex market. A currency loses its value but it goes down steadly and people have enough time to react but in bitcoin market you will not be able to react in time if you are not extremly lucky.

I disagree with some of your points, bitcoin market is not manipulative yes people will actually think that it is manipulative because of some events that surrounds it, but it is not manipulative, because manipulation is when people sit around and make decisions to influence the market, example is fiat which the government can either print more or reduce the printing number to control it. But with bitcoin there is no such central authority to manipulate it, many top bodies have tried it but to no avail.

The volatility of bitcoin also is just base on the fact that bitcoin is still at an early stage if you notice the volatility of bitcoin in the past years compare to this year you will notice a significant reduction in the volatility rate, this shows that as bitcoin grows more it’s volatility will reduce.

Also bitcoin adoption is on rapid growth, and even the mere number of people that registered on the forum although it can be use to justify it properly will show you how it is growing. The number of countries also relaxing their laws to accommodate bitcoin shows it’s adoption growth

Then why is people's interest in bitcoin not changing? This market is manipulative, the government doesn't want it, the price is too much volatile, Adoption isn't increasing at a fast pace and there is so much negative news related to bitcoin that still people want to trade it. This dramatic market and forever evolving nature make this territory more appealing than gold and other commodities which show very stable movement. Bitcoin market creates its own unique behavior in the global market.

When it comes to trading, as long as it can provide profits, someone will never get bored of playing it. Those who quickly get bored in bitcoin trading, because they don't know and don't understand how bitcoin works, are unable to make a profit in bitcoin trading and think that this is something difficult.

To be able to make a profit in bitcoin certainly requires a long process because we are required to have a good understanding so that we can know how bitcoin itself works. And when trading, we are also required to be extra patient and remain consistent. Because the process sometimes makes us tired and bored.