Bitcoin Forum

According to my estimates, more than majority of us here in the Bitcoin community are here mainly for the possible profits we can gain out of its continuing growth. We are speculating that Bitcoin will continue on its rise for years to come. fortunately, Bitcoin has been a very good "investment" vehicle so far as we experience its astronomical rise.

Despite the many challenges thrown its way, Bitcoin has proven to be a very resilient and fantastic currency and asset. Right now, it is attracting big groups of investors with huge money on their pockets and this can mean more growth especially in 2018.

On the other hand, we are seeing so many warnings that Bitcoin is the best candidate for a bubble that can soon pop leaving many holders with empty bags. While being optimistic with Bitcoin, we are not closing our eyes to different gloomy possibilities as it is always good to be aware and be ready.

Are you mainly here for the profits?
 

Yes.

many warnings, really? and where exactly are these warnings?
the topics the likes of kuwakduck creates in the speculation board? yes very reliable topics out of the mouth of someone who has been calling the doom of bitcoin with multiple accounts on bitcointalk and elsewhere.

and what are their reasons? calling it bubble just because you feel like it or just because you are scared that price has gone up faster than had anticipated does not mean it is a bubble.

time and time again bitcoin had corrections, big corrections and each time it recovered fast. a bubble doesn't have this attribute to go down 20% and then come back and continue rising. there are no 20% drops/corrections in a bubble.

This question is like what stock questions to buy tomorrow. No one can be sure. But if I see from the development of media coverage that causes enthusiasm for bitcoin everywhere will create a very high demand. I believe prices will continue to soar many times over, I myself start investing some money into bitcoin. But of course I am not responsible for any losses that if it will be experienced by the reader.

I guess with bitcoin people are going to continue saying stuff without thinking about them.
a couple of years ago it was "bitcoin is dead because price is falling to $200", then it turned into "bitcoin is going to die after halving because miners will leave", then it turned into "bitcoin will never reach $1200 (ATH) ever again" and when it stayed over $1250 it turned into "this looks like 2013 and is a bubble" and this year it seems like the word "bubble" is mindlessly being repeated by everyone. it is like the word of the year ;D

Why do people trade on Stock exchanges? Answer : They want to see returns on their investments or huge profits. In the USA, Bitcoin is seen as a commodity and people trade in commodities to make a profit. The people who supported the big dream that Bitcoin would free them from dictatorship or corrupt governments, soon realized that it was just a pipe dream.

Bitcoin will never be allowed to replace dictators or to give people complete financial privacy. As soon as Bitcoin becomes a threat to governments, it will be regulated to death. ^grrrrrrr^

Of course, I am sure that those investors will not invest if it is not for the profit right ?  I am a student that clearly is the reason why I am here. Aside from that it is very benifiting knowing a system such as bitcoin. This may be one of the greatest creations I have ever known. Very decentralized, volatile and transactions are fast.
Information is beneficiary too knowing that this kind of transactions are possible.
The bubble concept is not necessary because since year 2009 many already gained large profits here that will mainly prove that bitcoin is never a bubble.
In business there are always time that you may lose some and that is a part of it.

I think that only small investors care about the profit such as me. I have heard that many big investors who invest their money in bitcoin because they believe in the future of this new technology. Most of the people want to earn money and if you have enough money, you will use your money for many other purposes. And therefore, I have strong feeling that the bitcoin bubble will never pop

I am here for the profits, but I'm well aware investing into Bitcoins is not a sure thing. You risk big, you win big.

You will always see some people saying you should never invest into Bitcoins, and it will have no future, but it would be wiser to actually do research and come to your own verdict. I do still read those articles because new insights won't hurt. My opinion still hasn't changed though.

No way dude. I can guarantee you there are just as many small supporters if not more who are in it for the long haul and holding hard right now. It can be very tempting to sell when the price jump like this, but it takes patience to grow Bitcoin and if everyone just sold, including the small investors then there would be no Bitcoin at all.

O will not lie, my interest is also profit. But it's not the only interest and when I first started to use bitcoins I had different motivation, I wanted to try something new and different, be the part of new technologies revolution. How the possibilities to make profit with bitcoin have revealed to me, I've become more profit oriented.

I can't deny my main interest is about profits too.
But I also loved tech behind cryptocurrencies. Their problem solving to real world assets and so on. Crypto gave ordinary people huge chance to use their economy information and I love it. I will never leave crypto.

Invest only what you can afford to lose. Yes Bitcoin is also a candidate for a bubble investment but if you want to be secure, I suggests that you diversify your investment portfolio. Try investing on other coins. Just in case that there will be a bubble in Bitcoin, you have other alternatives. Some coins has a potential to grow big time in the future.

of course everyone is here for profit without an exception but "profit" is more like "benefit", it doesn't have to always be monetary profit. it can be the financial freedom that you gain when using bitcoin. it can be the freedom of not needing a third party, it can be the security, the speed, the cheaper transactions, the privacy and lots more that bitcoin offers you.

these are all profits.

Profits, opportunities, Learning, Currency with a Technology those are the reasons why I am here, I bet others has same interest as I do, I recall my friend stating his opinions regarding Bitcoin comparing Bubbles on Stocks to Cypto, and found it very different.

You are right that it can't be called a bubble since it rises from time to time when it drops. That being said, I agree on OP's statement that it is somewhat like a bubble because almost everyone is here for profits in terms of money in fact I also am here for profit so I agree that bitcoin might possibly be a bubble or not but I believe that even if it pops, it will just stay on that certain price for a long time and rise again.

We need better terminology and metrics to describe what a bubble is. There isn't much real debate when it comes to whether bitcoin is a bubble. There isn't much of an established school of thought on what set of circumstances might define a crypto bubble.

In a stock market analysts could look at the ratio of price to earnings which would help to identify bubbles or assets that were overvalued. In crypto there isn't a similar metric that has been tried and proven over time to be a good indicator. Crypto isn't structured like stocks and bonds. This could make it more difficult to identify or predict bubble behavior in crypto as its non traditional and subject to variables which do not exist in other markets.

Majority of us here, as in 80 to 90% ? Wrong!
I’m f**king damn sure that 100% of everyone into Bitcoin are into it only for the profits; they’re into it just to make money, and nothing else.

If someone tells you that they’re not into Bitcoin to make profits, know that they’re bloody liars. Everyone came for the same purpose which is to make profits.

I know of myself that I'm not into Bitcoin purely because of the possible profits.
It's just easier to use bitcoin as opposed to other payment methods, coupled with the fact that I'm in control of my own money.

With Paypal for example, you always have to worry a little bit that your account will get locked or as a merchant you have to worry that the funds you receive will get charged back.

Yes I am. But I dont believe it is a bubble.  It is the people holding bitcoins in their wallet who will define how it will fall. It cant be a bubble.

I disagree with you. I certainly will not refuse to return, but for me the most important thing in bitcoin is an opportunity to gain independence from the state economy. I don't trust my government and I do not like that they steal from the budget our money. Bitcoin can deprive them of the trough and for me it is more important than income.

His assertion that 80 - 90% of people into Bitcoin were driven by profit was by the way not an after thought. For me, at the time I became fascinated with Bitcoin, it was still a rough diamond and I had come looking for convenience and ease of carrying out transactions online which was surely an issue back then. Paypal as always, likes to play the almighty and  I am just reminded of my forex trade earnings stuck in my Liberty Reserve account when the Fed took it down in 2013.

Looking back, wish I had come for the profit though, would have been stupendously rich by now, but no regrets, am already on board Bitcoin's lunar shuttle and we'll get there and those dreaming of a bubble had better keep a date with their doctors, we will be seeing market correction from time to time and that's normal.

Yes for the profit; I see it as a risky investment which might bring big rewards.
But I also see it as a diversification of investments; ie. if there's a world crisis and euros / dollars crash and stock markets too or inflation is skyrocketting maybe I'll be glad to have some bitcoin some day.

Well, bitcoin is a kind of monetary system, so obviously most people interested in it are here for profits (including me). As for bubbles... A lot of other investments, including many new technologies, are market bubbles, but they may grow for a long time. Bitcoin may burst, but before it may reach height compared to which (and even to post-burst) today's price would be low.

You have made a valid exposure which quite a number of people are guilty of. Although bitcoin has won so many battles in the onslaught against it and several are still coming whether we like it or not. The intention that it continues to rise is just by default anybody who puts money somewhere will always want but not always the case as there are crashes here and there but we are still standing which means that there is more to the profit quest. What I see that could cause the burst is when there is a major challenge that the centre could no longer hold but at it is now, that day is not near.

I came here for profit, stayed because I become  a beliver. When you start to understand WHY bitcoin is continuously appreciating his price, you become a beliver.

What you have alluded is very much true I am not saying your fears will come true or not but for someone who has been hearing of those news, for believing in them its a risk and believing not in them is also a risk but a smart individual will learn on how to manage the risk and that's why people keep some of their investment outside crypto at the expense of loss of the return they would have gotten if they put all their investment in crypto.

Yes time and time again bitcoin has had big corrections but they not not all recovered fast. The last correction took 2 years to recover. If people truly believe in bitcoin and is here for the long term, then they need to be prepared to hold even if bitcoin drops by 80%

I think that fact so many people considered BTC for profit is very well known,it is digital gold and possible way to people get some extra money over a period of time.But for me it is also good way to pay some things on internet,and I am sure some % of people use BTC in a same way,for investment&buying/paying in everyday life.

There is always chance that things go downhill,and it case of BTC we all know that this possibility is not small.But I think that potential of BTC is very big,maybe we do not know how big these days.Bubble or a bright future,only time will give that answer.

I just want to address the exposure you describe. I really agree with what you say.
yes i am here with bitcoin, the most important point is a profit. that's why I jumped and focused leaving my permanent job.
trying to find a fortune many years ago. and i can get just bitcoin.
regardless of joy and sorrow. profit and loss. everything I experienced and more and more loving bitcoin.

No. I'm here for the first ever attempt to build global, nationless economy that is entirely permissionless, meaning you don't have to ask anyone for permissions to do business with other people, wherever they are. Right now there are many artificial borders that exist to divide people and control them, but Bitcoin breaks many of them, and this is why I believe in it. It's much more efficient to have united humanity, since it brings down many unnecessary costs and reduces risks of war.

I far as I concern there no warning listed and reported, if the warning include the China Ban ICO and shutting down Local Exchange I think it is not a warning chinas are just cleansing their market. Plus,  i saw many Thread happen to be alike of this one which talking about "BUBBLES" which bitcoin are down 22% and then increase again. And As far as i know bitcoin experience many correction way back a years ago and still stand on top of other crypto price is still increase. So I've been wondering where the news came from about the Bubbles. in your question: "Are you mainly here for profit?" my Answer is YES im here to have a profit and so do you!

I'm not here just for the profits. I believe in the technology and that is why I buy Bitcoins. Because I believe in the technology, i can see it's potential and how much it's value can go up.

Nice to see every bitcoiners does not see Bitcoin just as a milking cow! If the only thing that matters to us is what profits we can make out of it, where is the commitment to the course of the coin going to come from? It helps to understand that the impressive performance of Bitcoin does not come from the thin air, but its decentralized nature and that is its selling point without which all these talks of profit making with Bitcoin would have been a pipe dream.

Yes absolutely right. Our government has been playing with our money since the independence and people are giving them open proposals to game. But we are occupied by some rules and that is the only reason of our depriving. Bitcoins are decentralized and that make sense more than profits.

Of course. whether buble or not phenomenon, the important is always cautious and alert. my advice, every time profit, exchange some profits to fiat. to maintain.

I am mainly here to learn about bitcoin and to help people. Of course being paid for this is very good, but I am not here mainly for the payment (you say profit) that I'm receiving from signature campaigns (and wating for the price of bitcoin to increase), but to learnd and help others.  This forum contains very interesting information, and I like talking with other poeple one hour per day about bitcoin. It is fun and rewarding in many ways.

In every products or services in order to survive, we must generate profit. The bitcoin as an example, it was survived due to its transaction fee and that fee becomes profit, without it the blockchain is unsustainable and if it is unsustainable it may die and burst like a bubble.

Admittedly, I'm one of the majority of the people in this forum who is here for the profit. I don't see anything wrong with having it as a motivation although the others choose to use Bitcoin because it is decentralized and that it provides independence from the government; some have more noble purposes such as wanting to help the poor through the use of Bitcoin. True enough, rumors and theories that bitcoin is a bubble have been popping up here and there. Most of the bitcoin users remain strong and have great faith in the future of bitcoin.

Of-course we are here for the profit only. It you look the bitcoin price It really grown up dramatically after Aug-17. And this causes lot of people attracted towards it, many of them had no idea of the bitcoin before. Now , what should they tell ? Do they invest in bitcoin? Investing in bitcoin like betting in 1%win chance for them so they are saying that it is nothing but a bubble value. But for a trader who is here for some years have much more confidence in bitcoin.

I am also sure that all 100% of bitcoin owners use it only for profit. After all, it was originally created in order to obtain high profits due to the rapid price increase.

You are very much right. Everyone has his own way of looking up at the things. I think there is no other better investment than the Bitcoin. There is no doubt that the prices are going up and down, but one thing is for sure and that is Bitcoin will give you much profit than any other investment.

Definitely I am with the majority of member here for profit.  Bitcointalk has been a good source of information about Bitcoin and altcoin, when we are trading we need this kind of information, so this is the reason why I stay in the forum and lucky there are lots of part time task here that can also give us another earnings.  Having knowledge about the upcoming news on the crytocurrency give us an advantage and possible hint on what trend the cryptocurrency will be.  From that we can adjust our orders and take advantage of the information gathered here.