Bitcoin Forum

My belly is full of profit. I have done nothing but hodl some alts (and of course BTC). All my losses are wiped out.

Has anyone NOT made profit during this bullish 18 month boost from $8bn to over $30bn total crypto market cap??

Some say it was always going to happen, but it's still astonishing to me.

HODL. Cryptocurrencies are so useful, that only $30 bln part of global financial market is a joke

This. Sure, we will have issues, drama, politics, manipulation but eventually none of the should matter.

Spoetniktard.

$30 bln is quite small, just an infant, any global business companies will have over $100 bln market cap easily. We are just starting. HODL.

Me, more or less.   The irony is that I lost out on making a profit because I spent bitcoin.  And if you ever needed proof that bitcoin is doomed as a form of money, there you go.  When people want to hold onto something instead of spending it, that's a lousy currency. 

Can confirm. Most of the time I want to make a purchase but I'm held back by the fact that the price could shoot up and I could be out of a couple bucks that I could've gained if I had just held. The way I see it, Bitcoin is more of a storage device than a currency, considering most people in the speculation section of the forum seem to like holding, as do I.

I've been spending plenty recently. At some point you have to reward yourself for enduring 2014/15 and anyone who isn't in the black must've done something horrific. Will I lose out and end up with some tat? You bet. But it'll provide a good time too.

And despite the bonkers rises, there's been enough movement for people to lose plenty even on the big coins.

While I have done alright myself, I have seen someone post saying there was a loss.

I post this for the story.
He is asking for help, as hes down to 0.05BTC when he started with 2btc... Im assuming this was recently because he paid 1400 for each BTC.
Im not posting to try and help him, or support it, just for the story.


https://steemit.com/investors/@loveyou/a-newbie-investor-asking-your-rescue

He got carried away... thatll happen.

When you consider the market cap of google alone is 700 billion, and that's just one company based in the US, and consider these cryptos are global and can be traded in many different countries, 30 billion is just a drop in the bucket. Still it amazes me how everything went dead in 2015 and the total market cap of all the cryptos was less than the market cap of ETH alone right now... will the bubble pop with another 3 years where we drift around and do nothing and base around 10 billion? Will interest in cryptos remain and investment increase?  We haven't even hit the mainstream news outlets yet so methinks we have more to run.  Still we don't just want another big bubble that bursts where everyone heads for the exits and cryptos are again forgotten for another 3 years. (like I kind of admittedly did aside from managing to stumble over here and claim my XEM stake which I did actually do)

That's just a dumb oversimplification and polarization. Currencies doesn't have to be always instantly spent by people. There's nothing wrong with holding as long as long as there's a healthy mix of spending as well - which there is.

Lousy currency worth $1340 a piece.

You have to learn to ignore past values. If I was the guy who bought a pizza for 10k BTC years ago, I wouldn't give a fuck about it now. It would be absolutely pointless to do so.


That's just you. I'm happy to spend BTC instead of cash. I'd even spend it if it was worth half as much as it does.

Bitcoin is already on the moon, it has already made it. Just because it was slow and we got used to it in the process (something something boiling a frog) doesn't make it untrue. You might as well just use it instead of hoping for an X times increase. And then what would you do, if it would reach $2k, $3k or even $5k? You'd still probably hold at least some of it hoping that it goes higher which you tell yourself you can't possibly miss. That's just greed. Of course, I'm also hoping that it would go higher and it will likely do that imo, but it's not exactly worthless as it is. Spend some of it and enjoy.

I know my two comments seem contradictory, but you guys seem polarized which you shouldn't be; holding some, sure but spend it as well. BTC could very well be worth $340 right now and you'd say the same but it's worth $1340! at the moment.

not as much as i hoped for. i was a bit lazy then scared to get in some of the altcoins so i stayed away, i am happy about the choices that i made but still it suckes to miss so much profit and make a smaller amount.
but it is never over, i prefer a smaller and slower profit any day over taking higher risks that i am not willing to take.

Money money

I made 5x on April's bull run, although my coin is -30% nowadays, it still be 5x in this bull run. I am very satisfied, I hope another 3-5x run.

Of course yes, there are some people who doesn't made profit although the price of increasing,
usually the new traders although they get the profit but just for small amount of profit
and because of the bullish trend new traders always buy back after sell the coins,
finally the new traders get trap on buy high but the trend of price starts decreasing.

I have made profits, holding only bitcoins though! no more alts. ::)

This.   It is known since ages by economists, and is called the deflationary spiral. 
Bitcoin (and most emission-limited) crypto is doomed as a currency as you so correctly point out.  Bitcoin is not a currency.  It is a speculative asset, nothing more, nothing less.  The higher it goes, the less people will use it as a currency.  You don't use famous paintings as a currency either.

However, on the other hand, that means that crypto is not playing in the "real world usage" market, but in the speculative bubble/investment market of derivatives and so on.  Now, that market is HUGE as compared to the fiat market. 

http://www.investopedia.com/ask/answers/052715/how-big-derivatives-market.asp

It is estimated to be at least 10 times the world's GPB: 1200 trillion, or 1 200 000 billion.  Crypto's 30 billion are tiny minuscule compared to that.  We're on the 3 parts per million level (like impurities in water).

..if only you were involved with ETH or XMR.... ;)

This is not a good idea to tell this, because what I do is that I sell what I have and then buy back to increase my bag. Sitting and watching the train passing like a cow in a field is not the best strategy, but at least you are sure to do not lose.

Serious gains in the last month since I started tweaked my portfolio from 100% bitcoin to lots of ETH with a sprinkle of GNT, XEM, LSK and DCR.

I also got in on the PIVX rise and mostly sold out of them now.

In my case I'm not still satisfied even though ive made some profits but still I'm not selling all do I have. Still holding for longer runs and this is my own way because we wont know if the price have still possibilities to go up even more but if it would drop then theres nothing to worry about I will just still hold and wait for days,months or even years.

I have made some, but could have lost some too!  I was in Nushares 2 days before Poloniex announced that they were being delisted.
Unluckily I missed out on the peak price which would have been a 75% profit, I did get a 30% profit though.

If I had held 2 days longer, I would have lost 65%.

It looks like the bull run is on hold now that Bitcoin is rising again, but it will be interesting to see if it starts again afterwards.

Indeed, it is really hard to lose money with this kind of market. :D

I realizing profits now, exiting positions in some altcoins.

yeah i made profit with this last crazy increase of all the alt, all went green, how can't you not profit from it? it's impossible lol they pumped every shit coin out there, even old coin that have very small marketcap and can be mined only with a single gpu, i also see that investors still like to pump x11 and family, which is plagued by asic, i recently bought some cheap altcoin, and some of them wnet easily x3 like atomcoin, there is definitely tons of money to be made here, someone i feel dirty like i'm legal scamming other investors or something

I'm sure anyone that tried shorting got rekt, SDC fanboys also got rekt.  Beyond that I can't think of any way one could have lost money on these markets in the last month

GAME, Pepecash, BitCrystals, TrumpCoin, Billary, Waves, Huntercoin, Rubies, Digicube, etc. etc. etc. So many coins have been good to me in this past year, it's phenomenal. Up next is Elastic (mainnet launch soon), MobileGO, Chimaera, and maybe the Back to Earth project. Not to mention Bitcoin has also soared. Hope this train continues on for a little while longer!

You could say that about so many cryptos. There are cryptos between $50m-$100m market cap that I got into when their marketcap was under $1m.

The only thing is that I've never cashed out. I don't want the taxman/police/government chasing me! How weird is that. I'm waiting for mainstream acceptance before attempting any form of bag-opening. Crypto is a very long term investment for me. It's all just numbers right now (for me). If I actually cashed out now it would change my life. But I can wait.

There's still a very long way to go. It's very possible that crypto marketcap surpasses $100bn this year at this rate. ATH at this time might attract more fund managers (the brave ones!).

Well said.

I kept exchanging my bitcoins to FIAT all the time because I was making money by selling stuff with Bitcoin but nowadays I regret it.

3 months ago I bought some ETH but sold it for some reason. If I would kept it they would worth thousands right now but I'm glad I made that mistake.

I learned why should I invest and keep the coins for a long time. This is why I said "well said" in the first place. I understand what you said very well and I will also follow the same mindset.

I am sure that many daytraders did not make any profit but a loss.  One thing is sure. A 2014 will repeat.  Maybe 2015 was even more depressive altho was not that much losses back then. So all lets enjoy while it lasts.

I think you have to decide what sort of investor you're going to be and stick to it. If you're day-trading then you have to be happy with any profit you make and not think of long term rises (which is more than likely accounted for in the profit you're making daily anyways). If you're a long term investor then forget about getting into pump and dump.

Just remember that the grass can always seem greener on the other side!

We posted at the same time :D

@bathrobehero: Yes I'm just a dumb oversimplifier.  I did NOT say that bitcoin is a lousy investment,  because it's not.   As a currency it is lousy.  What I got paid for the bitdouble signature campaign on Wednesday is still stuck in the blockchain.  Tell me that's a good property of a currency.   But at least I can't spend it!  I might actually make some money.

yep. that's the one. too many people crowing over paper profits. very little of them will ever be realised.

at the same time there may well be some type of eternal september when it comes to crypto. i seriously doubt that it's now but one day it'll happen.

every new person who comes on board changes the market a little. i'm really interested to see where it heads because i think it's gonna surprise the old guard.

I haven't made any profit because I traded all my coins for USD. I know screw me right? When the market settles I'll hop back in. I'd hate to hop back in now and it drop right back down(would be my luck). Regardless I'm sure over time everyone that has money invested into crypto will profit if they are patient. Patience is key to making money on any forex and alt trading.

I really like your mindset. Like, I know if you cash the coins, you can live a good life for a while but you are still keeping them in wallets. Till the market breaks the $100Bn barrier.

I will go for long-term investment.

Yes, but exiting to what? If you're exiting to BTC then you're not exiting at all. All you're doing is changing token. If you're exiting to fiat then that's a different matter.

HODL my friend, eventually our time will come

Thanks. I tried the day-trading in the beginning but I always felt I exited too soon (there's always another rise round the corner), then 2 months later I would regret exiting at all when I've missed the rise of the crypto I just dropped. If I'd kept it up I wouldn't have what I have now.

The number of times I bought at the top..... and regretted it.

But... the top I was regretting then, now seems like an amazing price.

Too much emotion and tears/fury/anticipation/anger. I had to run from it.

anything that's a stable respite. i'd be going for assets or dollars. and when it craters you can jump back in again. that depends on whether you believe the crater is coming and it'll recover from it. i have a small feeling that none of the alts, and quite possibly btc too won't be the ones that actually get established in the world at large.

it's a shaky comparison, but virtually nothing survived the dotcom bubble implosion. what did survive was the idea. and it came back a whole lot better.

I predict a massive quick rise for XMR very soon up to about $50-$60. Nothing scientific, just the movement of the market these days (I predicted LTC getting to $15-$20 when it was at $4 https://bitcointalk.org/index.php?topic=1811127.msg18047677#msg18047677 and the rise of DOGE .. sort of.. https://bitcointalk.org/index.php?topic=1811127.msg18042830). It's like a recurring pattern. I hold no XMR but I've seriously been considering it over the last few days. It's taken all my willpower not to get into it.

I've been thinking that this could actually be some massive players pumping the entire crypto market (as you say $30bn is actually a tiny market). What will happen if/when those brutes take THEIR profit and exit the market?? Market may crash back to $10bn-$15bn. But that's just all speculation eh.

Exactly.  I have exactly the same feeling as in the end of the 90ies.  Same delusional promises, same "in the future we will".... without anything much to show for, same money pooring in, "investing" at losses,...  I remember all the talk of the "new economy". 

Crypto has not much real world usage that is not related to crypto itself to show for.  Yes, potentially innovative ideas, yes.  But in practice, nothing that really gets used for real.  Ok, some retailers accept bitcoin, and they say that it gives them a 1% increase in their business, at best.  But essentially, the only real world usage of the stuff is dark markets.

That said, there's one thing that crypto became, and may very well stay: an ever increasing collection of virtual financial assets, on which "investors" can play in almost infinite combinations, in order to try to get money out of the pockets of their peers and in theirs.   The derivatives market does the same, but is bound by some underlying, which essentially serves as the 'random number generator' of the game, to determine who wins and who loses.  Crypto can do the same, but without underlying.  As such, crypto could take a significant place in the financial sector, to replace or to complete, the portfolio of big financial players gambling against one another, this time without an underlying, and with the market of the gambling token itself as the random generator indicating the winners and losers.   There's 10 times the world GDP in the derivatives market, so there's enough room for growth of the market cap in crypto as this ever-growing basket of gamble tokens where in the end, nobody knows what will rise and what will fall 10 seconds later.

However, for that to become successful, there cannot be a systematic order, nor a steady growth of coins: coins have to rise from low to very high one day, to drop to oblivion the next day, in totally unpredictable sequences for this market to become a truly noisy financial gambler's game.  Maybe this is the "disorder" we are witnessing: the transition from an ordered "growth" of individual coins, into a random jump fest of coins coming up from deep below, and others dumped from high to deep down again.

The only way anyone loses money is by shorting or not buying into the market in the current bull run!

I agree with that statement, I've been thinking it for some time. But I do also believe a real world use of cryptos will become a reality and possibly sooner than you think. Large corporations are now creating their own digital tokens and ePayment solutions. It's just a matter of time imho before some big corporation decides to use an already existing crypto rather than go to the bother of creating a custom ecosystem. It might involve a partnership that makes the headlines. Something other than BTC/ETH/XRP.

they are. that's what the enterprise ethereum alliance thing is. but they'll never use the open blockchain. it's easy enough to create a private version.

it is 'A permissioned implementation of Ethereum supporting data privacy'

that's kind of what's pathetic about much of the coin hype. even when a big company is using something it almost always turns out to be lifting the code for their own ends and never the coin itself. all that microsoft azure stuff seemed to drag on forever with shitcoins joining every second.

On poloniex everything is green for days, and I spent some time reading what people are talking there, for some coins this is far from over.  I will definitely hold some coins, and I`m thinking to buy some coins more, ripple seems to be cheap now, I don`t know maybe etc or more ltc. I have some digibytes from playing lol and cs, even dgb is up. What is happening is just crazy.

True, that's why I think it won't come from ETH. I couldn't see what the big deal was with azure. It's was coin news on the same level as announcing that you and other team members have just got yourselves GitHub accounts, and you have started to use them!! It was a silly bubble but I bet people made some significant gains on some of those rises.

There's not a lot of 'true' crypto knowledge out there. You have to maintain your own private version.

I'm thinking more of the gaming industry (MMORPG) where the coin fluctuations and variety would add emotion to the gaming experience.

It's funny that everyone's so cool about it. People been waiting for these here times for years. But will it last?

http://www.magicmgmt.com/gary/magic8ball/index1.html

'this time it's different'.

and there's a 'new paradigm' in town too.

you heard it here first.

Magic8ball ` Signs point to yes`! ` Without a doubt` was the second answer. 
I woke up and take a look what is happening and surprise surprise, dash is second coin behind the bitcoin and now dash worth 0.073? Can you believe in that? Looks like this will last, question is how long and which coins will take the best from this rise.

but someone lost money here because not all can do profit, trading it's a sum zero, if few are on grene streak, other are on red, maybe one is the winner and many other small fish are the loser, but you get the point, it's not noticeable if many people lose few cent and one is winning a tons, it's like he stole the coins from them, and the story repeat itself

Got some profit from XEM too, but not that big during the pump. My waiting my order in DGB to be filled up but its too low to be reach :) Maybe some are selling their coins, those coins that to be delisted and exchange for other coins on Polo that possibly adds to pump on some  coins.

Altcoins don't care about politics or legal regulations, they are so significant from the legal point of view.
There is no need for authorities to even acknowledge their existence. The main problem ofaltcoin is still (and forever will be) price manipulation.

By the way where is Spoetnik, I haven't seen him around lately? Maybe I missed his posts...

at some point the authorities will start paying attention to the ico thing and alot of shit will go down.

alts in terms of pure turnover are probably now bigger than the stock markets of certain countries. they're not an obscurity any more.

assuming you can do anything because they haven't done anything yet is a very foolish attitude.

Generally people have their own diversification strategy and when you raise their profits they will spread them out. So all coins rise with the tide.

I disagree, one of the purposes of money is to be a store of value, and bitcoin is doing that in a great way, as you say this causes people to keep holding but this is better than what we have with fiat, since fiat is not a store of value people spend their money as fast as they can because they know that their money is going to lose value, you are just not used to the way real money behaves because you have only used fiat in the past.

The thing is it's hard to back the value of a virtual assets where its disconnected from "real economy" and you cant really exchange it for much anything else than fiat or other crypto.

Indeed.  It is funny to see the parallels between the crypto hype and the dot-com hype some 20 years ago.
That said, out of the dot-com bubble did arise things, like google and amazon.  But pets.com didn't survive.
Whatever will come out of crypto, when all the dust settles, it is not what it was set out to be.

My eyes were too greedy and my investments turned to Yobit and its dead coins. This is my doom. Lost opportunity. I thought i can make magnificent returns, if i wait but when something is dead, stays dead. Invest only in live coins, don't expect miracles. I had luck with Cloak and Geo coin, this revived me. :-\

So sad that you turned out to invest on dead or shit coins specially when you are trading on yobit there are lots of dead coins on there which means you cant carelessly select a coin without knowing it properly because one mistake will surely put you into loss.I have experienced already this kind of situation and the truth same as yours I'm holding still some dead coins on my wallet but I really don't expect from it.

i think we're quite some time away from THE bubble yet. 2013 was a tiny blip. any hard rises in the next few years will be blips compared to what's coming.

there's still virtually no one involved in bitcoin, and there's less than no one involved in alts. anyone with some skin in the game right now could well end up richer than they ever imagined possible in a few years if a reasonable fraction of the public and professional money gets excited.

and then it might well turn to shit.

OP: Are you referring to "realized" or "unrealized" profit?

Im up on 35 different coins :). Only 1 coin I bought is at a lose and I bought it 3 days ago so it doesnt even count.

You'll have to define what both of those terms mean to you.

Bitcoin as a currency does not have much success since there is nothing that I can buy in my country with it, but I can use it to in essence buy any fiat of the world or to buy more crypto and make more money that way, so bitcoin as an investment is great and as long as I can exchange it for any of those two things then everything is fine by me.

I am trying to look for those alt coins that are newly paired. Almost always a safe bet for a short run.

yes im broke:)

Apple marketcap is more than 750Billion so this is nothing compare to that.

Nope and i don't care either.

I had a few LTC i bought with BTC dust while back but that is so little it don't count.
And i told ya LTC would Moon guys ;)

I come by here to see how things are going.. to see if a Bitcoin Killer is launched etc.
I don't come here to count my ROI's.
I think i stopped doing that in the start of 2014 roughly (soon after Doge got popular)

It also can be more eco-friendly if we remove China miners. BTC cost unbelivable electricity cost. In near future it will spend like a whole Denmark! For what purpose??

PLease let do something with this. We can not spend so much for nothing, it is obviously very old technology right now in meanign of it mining. ASIC is deadman. They will need atom reactors soon! BTW it is more ecofriendly, why we not move all mining to France? They have 70% of electricity from atom energy. At least it will not harm nature so bad. 

It was good for PC mining, but now? Wake up!

For ASICS you need more than cheap electricity , you also need a cooler climate.
It actually gets too hot in France in the summer to be a good location for ASICS.

Also the increased regulations for nuclear plants does add to the electricity prices.
Cheapest electricity is normally from Hydro electric.

Proof of Stake is the only way to stop the waste of electricity that PoW coins are becoming.



* The main problem PoS coins face is inflation, @ZEIT we will be changing to a PoST Coin with ultra low inflation, solving the inflation problem for good.  ;)


 8)

"unrealized profits" = paper profits. In other words you are up and in profit, but because you haven't sold, it's unrealized, and could vanish at any time if the price goes down.

Realized profits are profits where you have actually sold for an actual profit.

Yes, but if you sell and take your profit in BTC is it actually "realized profit"? All you'd be doing in that case is moving from one blockchain token to another blockchain token. The profit is still just paper profit so what's the point?

Or do you mean realized profit in terms of cashing completely out to FIAT?

I asked because I'm sure people have differing definitions of what realized and unrealized profit means to them.

I also said LTC would moon, and that DOGE would wake from it's sleep.

If you have some BTC & LTC then, unfortunately brother Spoetnik, you've made some ROI!! How little LTC do you have to have for it to make no difference? Even 1 LTC bought years ago is a lot of ROI and I seriously doubt that you have just 1 LTC!! I bet if you revealed your secret stashes our jaws would all drop open and only shut with an Anthony Joshua uppercut!

Don't be upset about your ROI. Embrace it!

The bitcoin killer you're talking about might already be right there in the mix. Rome wasn't built in a day. I don't expect to see a new technology come from nowhere and jump straight to slaying the almighty BTC. IMHO it will takes years of hard work and development to overhaul BTC. The BTC killer will most likely come from the current crop of cryptos.

And remember...... DOGE is just a refactored LTC with exactly the same use cases. I know you've hated it for years but there are many cryptos that people feel the same way about as you feel about DOGE. They're all part of the crypto industry, for better or worse.

I feel dirty inside.. i need a shower ..i have the ROI's  :'(
Staff at Bittrex know what i got maybe $50 in coins.. no big whoop.
Then again i don't know i only look every couple months  :D

I turned 0 cents into 12k before so if i wanted to i could turn that 50 into 500 or even 5000.
I know 100% guaranteed.. although it would require a hell of a lot of effort.
And in the current climate i would have to pick & choose which coins to trade.
You see guys that is where the profiteers side step morality.
Not only did i make 12k before but i tried my damnedest to do it not supporting crappy coins.
Or at least avoiding the worst of them.. such as any and all ICO coins.

It's possible but harder to make money off legit coins.
Being a sleazy scammy corrupt greedy asshole for money is easy.

Bitcoin and others popular crypto currencies has face alot of opposition from beginning and now is the best time to take a second look on what is happening. If we keep on deceiving ourselves that the current upward movement is political, pump and manipulation and began to think that price will fell against like what happened in 2013 then better check our brains. Thank God for the current outbreak of price.

If you feel that the story is repeating then this is the perfect moment for you to get out of bitcoin and get profits by doing so, and if you still believe in bitcoin then you could buy for cheap and then wait for the next bubble since it is a sure thing there are going to be more bubbles.

No one 'd have power to do that, and no one've. Praise the free market!

Of course there is, the one who didn't invested in what you so called bull run. $30 billion market cap it is but bitcoins value as of now is playing around 2.4k to 2.6 with a $42 billion market cap, so hard to understand the pricing though.

obviously everybody made great profits because pretty much any coin went up  ;D

I haven't made any profits from ETH till now. Previously, I got my fingers burnt while trading in Litecoin and Namecoin. So this time, I stayed away from Ethereum and Ripple. To my dismay, I could only watch as the prices of ETH jumped from $2 per token to almost $400 per token in less than a years' time. But now I am glad that the exchange rates are going down.

I dint get huge profit but some I got by just holding bitcoin and expecting some profits for the tokens holding on in my ethereum wallet . I will keep 6 months more and see the profit.

I am the one I never make profit I dint had a guts to buy I was sticking into signature faucets and day trade I dint buy and hold so I couldn't able to make huge profit