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Title: Who here has made a lot of money from bitcoin? Post by: viking02 on January 14, 2016, 05:21:10 AM 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? Title: Re: Who here has made a lot of money from bitcoin? Post by: Amph on January 14, 2016, 07:52:52 AM i don't think anyone not stupid enough, would tell you how much he made, because i'm sure there are feds watching here, they are waiting for thread like this to bust your house
in fact besides the Burt story i remember a member with 200k bitcoin here, and the police entered in his house and confiscate the amount Title: Re: Who here has made a lot of money from bitcoin? Post by: steveds on January 14, 2016, 08:12:13 AM The whales are already making more than that amount by trading.I also think there are people who make something close to that on LBC and actually more from private deals which gets them huge discounts when they cashout in the market.
in fact besides the Burt story i remember a member with 200k bitcoin here, and the police entered in his house and confiscate the amount In which country ?Title: Re: Who here has made a lot of money from bitcoin? Post by: franky1 on January 14, 2016, 08:19:04 AM i bought at $6 a bitcoin in 2012.. im sitting pretty and no longer care about the spikes or dumps of daily/weekly/monthly activity.
i spend what i want when i want and know im better off then i was in 2012. i dont even get excited about the penny pushers dreams of $10,000-$1m a bitcoin. as thats just the dream of people with only $20 dreaming of becoming millionaires without actually earning bitcoin properly Title: Re: Who here has made a lot of money from bitcoin? Post by: WENGER on January 14, 2016, 08:30:34 AM The only time I traded some Bitcoin in order to profit from the initial price I bought was when it was at 250+ then it went to 300+ish and sold it and made some profits (nothing crazy) but the problem with trading it, you need to be on alert all the time if you want to make the right move at the tight time so it's still a question of knowing someone from the whale club affects the value or some other factors that could have direct effect on the price. It also does matter for those who don't do any trading if the price goes up and down since after all their earnings could also go up and down too.
Title: Re: Who here has made a lot of money from bitcoin? Post by: FlyingSaucer on January 14, 2016, 08:40:13 AM The whales are already making more than that amount by trading.I also think there are people who make something close to that on LBC and actually more from private deals which gets them huge discounts when they cashout in the market. in fact besides the Burt story i remember a member with 200k bitcoin here, and the police entered in his house and confiscate the amount In which country ?Do they have to declare these bitcoin profits to the IRS every year in their annual tax revenue? Title: Re: Who here has made a lot of money from bitcoin? Post by: DimensionZ on January 14, 2016, 08:42:27 AM I think the people who have made the craziest amounts of profits don't tend to spend a lot of time on this forum because they are pretty much busy with their trading operations ;)
Title: Re: Who here has made a lot of money from bitcoin? Post by: twister on January 14, 2016, 11:07:34 AM Many early adopters probably made more than that but this guy here won 84 bitcoins (https://bitcointalk.org/index.php?topic=1315396.msg13527555#msg13527555) recently and if you go by today's price its about 37000 USD. Its not 50000 as you mentioned but this is the start of the year, he'll probably make a lot more by the end of it.
Title: Re: Who here has made a lot of money from bitcoin? Post by: Curious8 on January 14, 2016, 11:33:00 AM i don't think anyone not stupid enough, would tell you how much he made, because i'm sure there are feds watching here, they are waiting for thread like this to bust your house in fact besides the Burt story i remember a member with 200k bitcoin here, and the police entered in his house and confiscate the amount why would the police confiscate his coins ? don't say lies without proves Title: Re: Who here has made a lot of money from bitcoin? Post by: Amph on January 14, 2016, 11:33:56 AM The whales are already making more than that amount by trading.I also think there are people who make something close to that on LBC and actually more from private deals which gets them huge discounts when they cashout in the market. in fact besides the Burt story i remember a member with 200k bitcoin here, and the police entered in his house and confiscate the amount In which country ?it was in the usa, a 2011 thread was telling it, i can't find it right now, but i'm sure many members from that time can remember it easily Title: Re: Who here has made a lot of money from bitcoin? Post by: twister on January 14, 2016, 11:39:24 AM The whales are already making more than that amount by trading.I also think there are people who make something close to that on LBC and actually more from private deals which gets them huge discounts when they cashout in the market. in fact besides the Burt story i remember a member with 200k bitcoin here, and the police entered in his house and confiscate the amount In which country ?it was in the usa, a 2011 thread was telling it, i can't find it right now, but i'm sure many members from that time can remember it easily This might be what you're looking for: https://bitcointalk.org/index.php?topic=934268.0 https://www.virtualcurrencyreport.com/2014/02/two-florida-users-of-localbitcoins-com-arrested-for-money-laundering-and-unlicensed-money-transmission/ Title: Re: Who here has made a lot of money from bitcoin? Post by: quentincole32 on January 14, 2016, 11:40:27 AM i don't think anyone not stupid enough, would tell you how much he made, because i'm sure there are feds watching here, they are waiting for thread like this to bust your house in fact besides the Burt story i remember a member with 200k bitcoin here, and the police entered in his house and confiscate the amount Damn yeah , bitcoin big holders would never share on public how much bitcoin they made in 2009 and hodling it until now. Because they realize government will confiscate the amount offhandedly. Title: Re: Who here has made a lot of money from bitcoin? Post by: Amph on January 14, 2016, 11:41:45 AM The whales are already making more than that amount by trading.I also think there are people who make something close to that on LBC and actually more from private deals which gets them huge discounts when they cashout in the market. in fact besides the Burt story i remember a member with 200k bitcoin here, and the police entered in his house and confiscate the amount In which country ?it was in the usa, a 2011 thread was telling it, i can't find it right now, but i'm sure many members from that time can remember it easily This might be what you're looking for: https://bitcointalk.org/index.php?topic=934268.0 https://www.virtualcurrencyreport.com/2014/02/two-florida-users-of-localbitcoins-com-arrested-for-money-laundering-and-unlicensed-money-transmission/ no that is burt i'm talking about another guy, and burt did not have 200k coins, but much less, i don't remember now the amount anyway it's a story form 2011, much older Title: Re: Who here has made a lot of money from bitcoin? Post by: 1Referee on January 14, 2016, 11:53:01 AM 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. $50,000 not a lot in a first world country? I live in Northern Europe, and that kind of money is also a lot here. Do you have $50,000 lying around somewhere since it is not a lot? Title: Re: Who here has made a lot of money from bitcoin? Post by: QuestionAuthority on January 14, 2016, 12:47:21 PM Money from betcoyne, what's a betcoyne? Can you make money with those things officer?
Title: Re: Who here has made a lot of money from bitcoin? Post by: okae on January 14, 2016, 12:59:52 PM I can think only in 3 ways to do that:
Btw people should not worry to much about it, bitcoin is on an earlier stage yet ;) Title: Re: Who here has made a lot of money from bitcoin? Post by: Elwar on January 14, 2016, 01:14:47 PM I still have yet to obtain as many bitcoins as I had with my first purchase.
So, in essence, I have made no money from bitcoin. Title: Re: Who here has made a lot of money from bitcoin? Post by: knowhow on January 14, 2016, 01:41:52 PM Lets confirm one thing who made thousands with bitcoin are no longer here.Why to keep a eye into bitcoin developement after get a fortune from it?People are living from bitcoin exchanging a part montly if still hold any bitcoin,sure some keep here to see bitcoin news,but in the end if you rich from bitcoin the max i could do here is just search for news,that i can find at others place read and out to have a life plenty do everything i wanna to do .
Title: Re: Who here has made a lot of money from bitcoin? Post by: Elwar on January 14, 2016, 01:45:26 PM The whales are already making more than that amount by trading.I also think there are people who make something close to that on LBC and actually more from private deals which gets them huge discounts when they cashout in the market. in fact besides the Burt story i remember a member with 200k bitcoin here, and the police entered in his house and confiscate the amount In which country ?Do they have to declare these bitcoin profits to the IRS every year in their annual tax revenue? Only if they cash out. Title: Re: Who here has made a lot of money from bitcoin? Post by: sgbett on January 14, 2016, 02:54:18 PM i don't think anyone not stupid enough, would tell you how much he made, because i'm sure there are feds watching here, they are waiting for thread like this to bust your house in fact besides the Burt story i remember a member with 200k bitcoin here, and the police entered in his house and confiscate the amount That would only be a problem if you didn't declare profits as income. You did declare it right? :) Title: Re: Who here has made a lot of money from bitcoin? Post by: sgbett on January 14, 2016, 02:55:01 PM I still have yet to obtain as many bitcoins as I had with my first purchase. So, in essence, I have made no money from bitcoin. So true it hurts :/ Title: Re: Who here has made a lot of money from bitcoin? Post by: sgbett on January 14, 2016, 03:12:22 PM They say art is expensive. This picture cost me several thousand dollars:
https://bitcointalk.org/index.php?topic=56939.msg678841#msg678841 Title: Re: Who here has made a lot of money from bitcoin? Post by: pooya87 on January 14, 2016, 04:12:09 PM i don't think anyone not stupid enough, would tell you how much he made, because i'm sure there are feds watching here, they are waiting for thread like this to bust your house in fact besides the Burt story i remember a member with 200k bitcoin here, and the police entered in his house and confiscate the amount Do you know how and why? I see no reason for doing that, it's a bit a crazy story. Why would it be forbidden to have entered in btc really early? i don't know about the case which Amph is talking about but these things usually happen because of illegal activities such as dark web stuff or big scams, or it can be because of tax evasion or lack of licence for conducting business. you can find the detailed stories on news sites by searching bitcoin related arrests. Title: Re: Who here has made a lot of money from bitcoin? Post by: Amph on January 14, 2016, 04:22:27 PM i don't think anyone not stupid enough, would tell you how much he made, because i'm sure there are feds watching here, they are waiting for thread like this to bust your house in fact besides the Burt story i remember a member with 200k bitcoin here, and the police entered in his house and confiscate the amount Do you know how and why? I see no reason for doing that, it's a bit a crazy story. Why would it be forbidden to have entered in btc really early? probably for tax evasion as already mentioned, i see no other reaosn, keep in mind that 200k bitcoin is a very large amount, i remember it happened when the value increased probably the guy did used a big portion to buy something that can not go unnoticed Title: Re: Who here has made a lot of money from bitcoin? Post by: helloeverybody on January 14, 2016, 04:52:54 PM I dont think we are going to hear of many big earners in this thread, i know if i made it big i probably wouldnt be broadcasting it all over the place. I always just assume that any of the members with old accounts have already hit the big time thouhg i know a few will have sold too early and made minimal gains. If bitcoin does ever explode like it did in 2013 then i want to be sure i dont sell early.
Title: Re: Who here has made a lot of money from bitcoin? Post by: maokoto on January 14, 2016, 05:16:51 PM Trading seems the only way to do that in my view. That and perhaps some HYIP/Ponzi website, which would not be legal, that is. Mining in the early days may be another possibility for a big ammount.
Title: Re: Who here has made a lot of money from bitcoin? Post by: Kprawn on January 14, 2016, 05:37:03 PM You know everyone is going on about tax evasion, but if they pay the taxes due to the governments on the coins they sell, it would not be a crime. In most countries you only
pay Capital Gain tax on the profits you made... if you wait long enough, and set a goal for yourself on how much money you want to make from this, you can easily cover the tax you have to pay and still make a honest and huge profit. The problem is people are greedy and they want to keep everything and then want to complain if the government wants to prosecute them for tax evasion. Pay what is due, and enjoy your profits without having to look over your shoulder every day. ;) Title: Re: Who here has made a lot of money from bitcoin? Post by: Arcteryx on January 14, 2016, 05:41:17 PM i bought at $6 a bitcoin in 2012.. im sitting pretty and no longer care about the spikes or dumps of daily/weekly/monthly activity. The question is: How many bitcoins did you purchase so you can say you are sitting pretty now and when did you sell if you did at all to not be able to care about the price from where it stands now and going into the future?i spend what i want when i want and know im better off then i was in 2012. i dont even get excited about the penny pushers dreams of $10,000-$1m a bitcoin. as thats just the dream of people with only $20 dreaming of becoming millionaires without actually earning bitcoin properly Buying at $6 a coin will never ever happen again. Not in this life time even for those ones living in a dream bubble. Title: Re: Who here has made a lot of money from bitcoin? Post by: julian071 on January 14, 2016, 05:54:24 PM i bought at $6 a bitcoin in 2012.. im sitting pretty and no longer care about the spikes or dumps of daily/weekly/monthly activity. The question is: How many bitcoins did you purchase so you can say you are sitting pretty now and when did you sell if you did at all to not be able to care about the price from where it stands now and going into the future?i spend what i want when i want and know im better off then i was in 2012. i dont even get excited about the penny pushers dreams of $10,000-$1m a bitcoin. as thats just the dream of people with only $20 dreaming of becoming millionaires without actually earning bitcoin properly Buying at $6 a coin will never ever happen again. Not in this life time even for those ones living in a dream bubble. Well not if you buy BTC. ETH is at about 1$ a pop right now. I bought a 1000 just to make sure. And some Dash and some XMR. Seems development is going a lot quicker on other coins then bitcoin lately. Title: Re: Who here has made a lot of money from bitcoin? Post by: Mr. Forum on January 14, 2016, 06:34:59 PM I can not say that I have made that much when it comes to the bitcoin and the trading as a whole. However, I can say I have earned more than I could ever get in a white collar job. I am so happy since the growth is positive as we aim higher.
Title: Re: Who here has made a lot of money from bitcoin? Post by: sana54210 on January 14, 2016, 08:18:38 PM Trading seems the only way to do that in my view. That and perhaps some HYIP/Ponzi website, which would not be legal, that is. Mining in the early days may be another possibility for a big ammount. Trading cannot earn you mich in terms of bitcoins as it depends on how much amount one is ready to invest. I can say that only the admins, moderators or users who have bought or mined bitcoins in early 2009/2010 have earned the maximum. There were users who donated over 50 BTC to this forum and they must have earned more than that and if they have not sold their coins, they must be just lucky to collect so many bitcoins now. Title: Re: Who here has made a lot of money from bitcoin? Post by: Denker on January 14, 2016, 08:29:04 PM Definitely not me.
I was too late in the game to make significant gains or to buy bigger amounts of Bitcoin for a price in the 1 or 2 digits. Sad but that's how it is. Title: Re: Who here has made a lot of money from bitcoin? Post by: ifightformerkel on January 14, 2016, 09:08:46 PM I think that a lot of people from the beginning still holding a lot of bitcoins.
Some others like i read years ago in germany are rich with bitcoins and sold everything. When i would make a lot of money i also wouldnt write here. ;D Title: Re: Who here has made a lot of money from bitcoin? Post by: bitcoinboy12 on January 14, 2016, 09:22:40 PM i don't think anyone not stupid enough, would tell you how much he made, because i'm sure there are feds watching here, they are waiting for thread like this to bust your house in fact besides the Burt story i remember a member with 200k bitcoin here, and the police entered in his house and confiscate the amount Damn yeah , bitcoin big holders would never share on public how much bitcoin they made in 2009 and hodling it until now. Because they realize government will confiscate the amount offhandedly. But if this happen you can give the other wallet password to hidden you other wallet.. i think this the best way.. Title: Re: Who here has made a lot of money from bitcoin? Post by: Arcteryx on January 15, 2016, 02:02:09 AM i bought at $6 a bitcoin in 2012.. im sitting pretty and no longer care about the spikes or dumps of daily/weekly/monthly activity. The question is: How many bitcoins did you purchase so you can say you are sitting pretty now and when did you sell if you did at all to not be able to care about the price from where it stands now and going into the future?i spend what i want when i want and know im better off then i was in 2012. i dont even get excited about the penny pushers dreams of $10,000-$1m a bitcoin. as thats just the dream of people with only $20 dreaming of becoming millionaires without actually earning bitcoin properly Buying at $6 a coin will never ever happen again. Not in this life time even for those ones living in a dream bubble. Well not if you buy BTC. ETH is at about 1$ a pop right now. I bought a 1000 just to make sure. And some Dash and some XMR. Seems development is going a lot quicker on other coins then bitcoin lately. I have 4 different wallets and the .dat files have clogged my hard drive to the point of almost having it run at a snails pace. Title: Re: Who here has made a lot of money from bitcoin? Post by: hazenyc on January 15, 2016, 02:41:02 AM I think the better question is: who has made a lot of bitcoin from money?
Title: Re: Who here has made a lot of money from bitcoin? Post by: kevin go on January 15, 2016, 02:51:43 AM i dont think so i made a lot of money in bitcoin bcause i didnt buy bitcoin with my own money if i buy btc with own money and do trading
im sure ill got alot... i just get it from do some small task and if some one need help i help and got paid... so i just earn small amount and quite good for me and make me happy... Title: Re: Who here has made a lot of money from bitcoin? Post by: Proxiebuier on January 15, 2016, 03:25:58 AM only first player where he buy bitcoin at 1$ can made a kot of money from bitcoin'
Iam start earning from bitcoin in middle 2014 my total earning maybe arround $5000 Title: Re: Who here has made a lot of money from bitcoin? Post by: The Sceptical Chymist on January 15, 2016, 03:28:12 AM I'm in the US and I'd say making $50,000 is a lot for a lot of people. Hell, people are lucky if they make that in a year and I can't say I've made any money on bitcoin--yet. I'm still accumulating it, but I'm always tempted to buy precious metals with it. Well it is a currency, after all, but I won't be in the black until it hits $500.
Title: Re: Who here has made a lot of money from bitcoin? Post by: Patatas on January 15, 2016, 03:33:03 AM This story might interest you.Though its not typical trading but might interest you.Yeah Mr. Hanyecz sold $7 million bitcoins to buy a pizza (in today's value of bitcoins).Full Story http://www.forbes.com/sites/ericmack/2013/12/23/the-bitcoin-pizza-purchase-thats-worth-7-million-today/#2715e4857a0b4f5635bb6449
Title: Re: Who here has made a lot of money from bitcoin? Post by: Proxiebuier on January 15, 2016, 03:39:42 AM This story might interest you.Though its not typical trading but might interest you.Yeah Mr. Hanyecz sold $7 million bitcoins to buy a pizza (in today's value of bitcoins).Full Story http://www.forbes.com/sites/ericmack/2013/12/23/the-bitcoin-pizza-purchase-thats-worth-7-million-today/#2715e4857a0b4f5635bb6449 like i say before only first player in bitcoin can made alot of money from bitcoin other story https://www.reddit.com/r/Bitcoin/comments/1bvbmp/today_im_a_millionaire/ Title: Re: Who here has made a lot of money from bitcoin? Post by: enhu on January 15, 2016, 03:42:42 AM 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.
Title: Re: Who here has made a lot of money from bitcoin? Post by: Pk880058 on January 15, 2016, 03:44:50 AM why are all of you posting the old storys of Bitcoin which some one made mistake and some one done a good work, be in realistic world
according to you $50000 bitcoin is far more than in my country fiat currency, if anyone make it $5000 that will make his/her life peacefully running, i have till now able to accumulate only 0.4btc some from signature campaign and some from sports betting. Title: Re: Who here has made a lot of money from bitcoin? Post by: Patatas on January 15, 2016, 03:47:46 AM like i say before only first player in bitcoin can made alot of money from bitcoin Not quite literally,I do a lot of traders making the same amounts of profits on daily basis,I don't have a logical explanation for the same but I really hope so.The guy mentioned above was a miner in one of the early stages ,hence profit.Mining is no longer a source to generate massive income,trading correctly is!other story https://www.reddit.com/r/Bitcoin/comments/1bvbmp/today_im_a_millionaire/ Title: Re: Who here has made a lot of money from bitcoin? Post by: johnyj on January 15, 2016, 04:22:13 AM 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 Title: Re: Who here has made a lot of money from bitcoin? Post by: Rizky Aditya on January 15, 2016, 04:24:07 AM 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. ;D ;D
Title: Re: Who here has made a lot of money from bitcoin? Post by: dk8218 on January 15, 2016, 06:23:58 AM 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... Title: Re: Who here has made a lot of money from bitcoin? Post by: Amph on January 15, 2016, 08:47:57 AM 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 Title: Re: Who here has made a lot of money from bitcoin? Post by: bitlancr on January 15, 2016, 08:51:50 AM 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.
Title: Re: Who here has made a lot of money from bitcoin? Post by: praprata on January 15, 2016, 09:02:21 AM 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. Title: Re: Who here has made a lot of money from bitcoin? Post by: MaritiJames3 on January 15, 2016, 09:21:55 AM 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. Title: Re: Who here has made a lot of money from bitcoin? Post by: phreaky on January 15, 2016, 09:26:24 AM 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. Title: Re: Who here has made a lot of money from bitcoin? Post by: TTMNewsMJ on January 15, 2016, 01:04:47 PM I have a money from bitcoin but not that much.
It is a good amount to sustain my needs. Title: Re: Who here has made a lot of money from bitcoin? Post by: hendra147 on January 15, 2016, 01:15:54 PM 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 ;D 8) Title: Re: Who here has made a lot of money from bitcoin? Post by: harizen on January 15, 2016, 02:30:04 PM 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. Title: Re: Who here has made a lot of money from bitcoin? Post by: ausbit on January 15, 2016, 08:42:56 PM How much is a lot at the first place? 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. Title: Re: Who here has made a lot of money from bitcoin? Post by: Emersonnets on January 15, 2016, 08:53:00 PM 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. Title: Re: Who here has made a lot of money from bitcoin? Post by: gracewacth on January 16, 2016, 11:45:25 AM Im newbie so i not yet have bitcoin
Title: Re: Who here has made a lot of money from bitcoin? Post by: harizen on January 16, 2016, 06:28:17 PM How much is a lot at the first place? 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. Title: Re: Who here has made a lot of money from bitcoin? Post by: twister on January 17, 2016, 12:54:27 PM 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/ Title: Re: Who here has made a lot of money from bitcoin? Post by: knowhow on January 18, 2016, 06:52:47 PM 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/ 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. Title: Re: Who here has made a lot of money from bitcoin? Post by: newcoins1978 on January 18, 2016, 09:29:42 PM 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/ 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. Title: Re: Who here has made a lot of money from bitcoin? Post by: BTC_Grinch on January 18, 2016, 09:39:05 PM 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? 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. Title: Re: Who here has made a lot of money from bitcoin? Post by: knowhow on January 21, 2016, 05:46:56 PM 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.
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