Bitcoin Forum

How much did you earned? How much did you lose? Only bitcoin-related trading please. Direct purchase of bitcoins and mining doesn't count, just "speculation" trading.

The few times I tried to trade, I lost about 10%, between bad trades and MtGox fees.

I expect an equilibrium of results in this poll.

Edit:

Example, I don't wanna know if you bought at 0.01 and now they are 10.00. But if you entered mtgox with 30 coins and got out with 20 or 50 coins. Did I made myself clear? Should I believe in those 300% votes?

so, our profitability measured in bitcoins, not fiat?

Yes, can be fiat. As you prefer.

I think we have a problem in terminology, I don't understand the scale. How is -300% even defined? Having twice more debt than initial money? Bitcoin exchanges do not allow debt AFAIK.

Also, there's a statistical problem: people who lose tend to go quiet and use the forum less, which gives a bias in the result.

I need a smaller percentage gain, I worked mine out to be less than 0.01%... but I made a profit!

The only way to beat the market without relying purely on luck is to

• manipulate the market,
• corner the market,
• rely on relevant, exclusive ("insider") information,

or all of the above.

So far I've got lucky slightly more often than not, so it's about 2% gains overall. Irrelevant.

I think the best way to profit from Bitcoin is to either use it in everyday life if it works better than fiat, or to work hard to create a valuable product or service that involves Bitcoin. Everything else is a parasitic circlejerk, and that's only if you're lucky.

Humm, you're right. Thanks. I changed the numbers, no vote was affected.