Bitcoin Forum

Introduced in 2008 by Satoshi Nakamoto, BTC was envisioned as a new global currency for the internet age ^[1]. While Satoshi intended for widespread adoption, BTC has primarily become a store of value. While I believe everyone should have access to Bitcoin, with its open network allowing anyone to create an account and transact, it's important to acknowledge that profiting from BTC may not be the chance for everyone.

Throughout Bitcoin's history, periods of thrilling price surges have been followed by sharp corrections. During these downturns, also known as crypto winters, Bitcoin's price has fallen by a staggering 77% to 93% compared to its previous peak. In simpler terms, the price has dropped 4-10 times. These harsh winters act as a crucible, testing the resolve of Bitcoin holders. Those who remain confident in Bitcoin's long-term potential, often referred to as "diamond hands," are contrasted with those who hate BTC, or "anti-fans."


Michel Saylor, the CEO of MicroStrategy, has become a well-known figure in the cryptocurrency world. He is credited with leading MicroStrategy's strategy of accumulating Bitcoin since 2020, which has resulted in a significant profit for the company: over $6 billion from its 193K BTC budget ^[2]. Additionally, the company's MSTR stock price has seen a substantial increase: over 800% in 3.5 years. However, Saylor's approach has also attracted criticism in the media in 2022 ^[3].

Even more famous than Michal Saylor is Nayib Bukele, the president of El Salvador, the first country in the world to accept Bitcoin (BTC) as legal tender alongside the US dollar in 2021 ^[4]. In addition to helping people access financial services without relying on banks, reducing transaction and remittance costs, and attracting tourists and foreign investment, the reserve of 2,380 BTC accumulated through mining and DCAing BTC has also helped El Salvador earn a profit of over 40% ^[5]. However, we also cannot forget that in 2022, Nayib Bukele and the El Salvador government faced criticism daily from a range of critics, from large organizations to individual market participants, on financial news sites, social networks, and YouTube ^[6]. I believe that Nayib Bukele has taken a risk with his entire political career to bring El Salvador into the Bitcoin era, and he is fully deserving of being re-elected president of El Salvador to contribute more in the next term ^[7].

Nayib Bukele: “When Bitcoin’s market price was low, they wrote literally thousands of articles about our supposed losses. Now that Bitcoin’s market price is way up, if we were to sell, we would make a profit of over 40% (just from the market purchases), and our main source of BTC is now our citizenship program”.

Major media outlets can be seen as capitalizing on both positive and negative aspects of Bitcoin (BTC) to capture readers' attention. For instance, The New York Times frequently reports on recent BTC price surges ^[8]. However, during the 2022 crypto winter, they also published an article exploring the link between cryptocurrency investment and the "dark tetrad" personality traits: narcissism, Machiavellianism, psychopathy, and sadism ^[9].

Holding Bitcoin (BTC) long-term requires resilience, as the market can be volatile. While some humorously say "the best way to hold BTC is to go to jail" (meaning you're forced to hold), even strong believers can find it difficult during periods of decline.


For me, holding BTC is not a coincidence, it is a rational choice!

I want to know your opinion on the success of BTC holders:

• Is the profit of BTC holders just from luck?
• Are you a BTC holder? What makes you keep believing and holding BTC?
• When will you hold BTC until?

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References:
[1] Satoshi - Sirius emails 2009-2011 (https://mmalmi.github.io/satoshi/)
[2] MicroStrategy's Michael Saylor Made $1.2 Billion In 3 Days Following Bitcoin Boom (https://finance.yahoo.com/news/microstrategys-michael-saylor-made-1-002618993.html)
[3] Michael Saylor Bet Billions on Bitcoin and Lost (https://www.wsj.com/articles/michael-saylor-bet-billions-on-bitcoin-and-lost-11659538890)
[4] El Salvador To Make Bitcoin Legal Tender: A Milestone In Monetary History (https://www.forbes.com/sites/theapothecary/2021/06/07/el-salvador-to-make-bitcoin-legal-tender-a-milestone-in-monetary-history/)
[5] El Salvador Bitcoin holdings hit record $164M as BTC profits pass $50M (https://cointelegraph.com/news/el-salvador-bitcoin-holdings-164m-btc-profits-50m)
[6] El Salvador’s bitcoin experiment: $60 million lost, $375 million spent, little to show so far (https://www.cnbc.com/2022/10/13/el-salvadors-bitcoin-holdings-down-60percent-to-60-million-one-year-later.html)
[7] Nayib Bukele re-elected as El Salvador president in landslide win (https://www.theguardian.com/world/2024/feb/05/nayib-bukele-re-elected-as-el-salvador-president-in-landslide-win)
[8] New York Time: Bitcoin (https://nypost.com/tag/bitcoin/)
[9] Bitcoin fans are psychopaths who don’t care about anyone, study shows (https://nypost.com/2022/04/12/bitcoin-fans-are-psychopaths-who-dont-care-about-anyone-study-shows/)

1. No, everything has a reason and we worked on it. So we deserve it.
2. Yes, I am indeed Bitcoin holder since day 1 :D
3. I think for me, forever. I hold Bitcoin multiple bear markets and multiple bull markets and I still hold them until now. At the same time, I can use my Bitcoin as an emergency fund, just incase whatever happens.

Luck? Luck does play a role in market changes, but making profits from holding isn't about luck. It's about being willing to hold onto your investments for a long time. Holding onto investments, especially with Bitcoin, can be challenging because you might feel tempted to sell when you see others making quick gains.

As a long term holder, it's important to not worry too much about short term market changes. This mindset helps prevent you from selling your coins at the wrong time. Bitcoin has seen so many ups and downs like in 2021 when it reached its previous all time high and then experienced a downturn. This downturn might have led many long term holders to sell out of fear of uncertain doubt(FUD), fear of missing out(FOMO).

These types of holders are what I call "weak." As a holder, you shouldn't be swayed by short-term market trends. Bitcoin's unique qualities, like its limited supply of 21 million coins, attract investors who understand the principles of supply and demand. When a product is limited or scares, its price tends to rise due to increased demand and limited supply.

In the future, Bitcoin will likely become even more valuable. Understanding Bitcoin's market trends and its scarcity makes holding onto it a smart investment choice.

There's luck, of course, but it isn't purely just that. When I entered crypto several years ago, there were many of us. In a way, we were lucky because Bitcoin was cheaper. Top altcoins were also cheap. We also made money during the height of the ICO craze.

But then here comes financial management. Many failed in this aspect. Some friends who made a lot of money in those early days are now mere employees.

And then there's also the factor of emotions especially after the bull run in 2017. I know of some individuals who panicked and sold much, if not all, of their Bitcoin in 2018. Some even left Bitcoin for good. It isn't just emotions, of course. Risk tolerance, wrong appreciation of Bitcoin, miscalculation of events, wrong predictions and sentiments, and so on and so forth were also at play. Some could have analyzed but were mistaken.

Generally, I consider myself lucky because there's Bitcoin and a loved one introduced me to it. But it certainly is not luck that I still have Bitcoin until now, that I didn't squander my profit on worthless things, that I hodled strong through the years, that I continued stacking Sats, that I didn't flinch regardless of how bloody the market was, and so on. It's definitely a combination of luck, conviction, understanding, responsibility, perseverance, and so forth.

How challenging it is to invest and overcome hundreds of hurdles to hold your investment for a long time is only known to those investors who invest with a long term objective and who hold their investment for a long time. When you invest many people will call you stupid and many people will laugh at your investment but when you invest successfully those same people will tell you that you are very lucky. We see such people in every society. So since I am investing myself, we should not give priority to what other people say or laugh about my investment, we should only stick to our own decisions. When we overcome hundreds of hurdles and keep investing by accepting all challenges then we will definitely get profit from investment but we should have enough patience for this profit.

Investment in Bitcoin is a smart investment for Intelligent Investors.

The meme is summarizing very well what has been happening with Bitcoin over years and in two latest all time highs in 2021 and 2024.
https://pbs.twimg.com/media/GH6pPQ8WkAANcfH?format=jpg&name=medium (https://twitter.com/LinaSeiche/status/1765034194013503507)

Bitcoin itself has strong intrinsic foundation to gain value but in 2024, we will have good support from US. government too. FED will have to do their tasks ordered by the White House, to cut Interest rate and more money will find new places to invest. It is a must task for FED because Biden and the White House don't want to have bad economic feeling from US. citizens that will be harmful for Biden's chance to be elected again.

In 2024, Bitcoin market is a bullish market that makes it attractive for investors who still don't know where to spend money in.

1. Maybe the early adopters, they're really lucky because there's not a lot of people back then that are speculating too much about bitcoin getting this far in the market, it was supposed to be a P2P currency that's supposed to be used so there's no middlemen like banks and have trustless transactions.

2. I'm a BTC hodler, I've been hodling since early 2017 if my memory serves me right and the reason that I believe and still hodl bitcoin is from the fact that bitcoin never really wavered from it's detractors like Mt. Gox incidents, the SEC on their tail, and just general group of FUD spreaders and bitcoin critics saying that bitcoin is dumb and that it will go down sooner than we'd expect and bitcoin has proven them to be wrong time and time again.

3. I'll be hodling my bitcoin until bitcoin has reached the price that I want to sell those bitcoins, it's going to be taking a long time though as I've set an absurd amount for my goal so for now, I'll just keep on hodling and buying bitcoins through DCA.

Let them have that thinking but for us Bitcoin investors and believers ? this is our
choice and that is when we believe in bitcoins future.

and also those who believes that this is just a luck , those are the people
who knows nothing about this market.

I will keep believing in Bitcoin and will always cherish my profit from each bull.

How can it be luck when you decide to spend your funds at the spot when Bitcoin is falling like a phone from 20th floor? If I even talk about my own journey, I waited for the moment when BTC went below $20k and I spent most of my savings and earning to get as much as I could below that price. Now If it's above $60k, that's not a luck. That's the reward of my patience and my decision making when everyone else was waiting for $10k.

Earning profit from Bitcoin is not a matter of luck as it is a strong asset and we all know that investing here will yield profits. Profiting from Bitcoin requires patience and the ability to hold long-term, not luck. Huge amounts of people have invested in Bitcoin and those who have been patient and invested for a long time are reaping the profits. Does this mean everyone is lucky? It's an investment and investing involves risk  So everyone has to take the risk of investing in Bitcoin but it can't be left to luck

Luck place a role while gambling. Everything else is planning, patience and persistence.

If you are buying Bitcoins when the Bull market is ongoing, then you are kind off gambling. But if you are actively checking the markets and investing whenever the price is below the moving average, it's planning.

Does that mean, there's no risk? Obviously not! But in planning, and investor takes calculated risk which has a higher possibility to give you a good profit.

1. Holding Bitcoin is not easy, especially for new investors. This period is filled with diverse challenges such as fear of the unknown. There are always negative events that will force you to dispose of your coins. Just like every other Investment that involves planning and risk, putting money and profiting from it is never luck. People who lack basic knowledge about Bitcoin are the ones who think that making a profit from it is luck because they don't know what investors pass through before profiting from the sector. They assume that Bitcoin is like gambling because they fail to understand that it takes planning, persistence, and sacrifice to invest.

2. The history of Bitcoin shows clearly that it is a dependable investment. There have been diverse speculations that it will not stand the test of time, but over the years it has proved critics wrong. I have seen and heard stories of individuals who have benefitted from Bitcoin because they held it for a long time. I am confident because Bitcoin is different from other coins that have lost relevance within a short period.

3. For me Bitcoin is a lifelong Investment. I will always use the DCA strategy to invest in the sector. It will always be my first Investment choice as long as I live.

A lot of people was not around in the early days of Bitcoin amd I spot some sour grapes in their attitude towards the people who were.

Just so that people can see the whole picture, we have to consider that it took huge balls to invest in something like this, back in the day. Bitcoin was basically "illegal" back then and governments saw it as a threat to their local Fiat currencies (some still do)

You bought your coins on street corners like junkies or on platforms that was not regulated.

I take my hat off to the people who did the research and who discovered Bitcoin in the early days and still supported it, even though it was seen as something "illegal".

Of course, it's not as shown above, if we have made a profit on BTC, yes. And you are very right in that case, where BTC is an investment whose growth is increasing and is created with strong fundamentals.

Even if anyone tries to look at something other than BTC, they have to spend more effort in project analysis because there are many factors that must be known well about the desired project, one of which is large capitalization in the market and long-term sustainability, then there will be the potential for us to make a profit. big, especially if the price of bitcoin recovers to what it is now before someone decides to enter and buy the asset.

Obviously mate? the votes shows how Bitcoiners dislike that LUCK that you are calling because bitcoin is a currency and this is supported by majority of the people you asked here .
I myself do not believe about that luck in crypto investing specially in Bitcoin because maybe this can be happening in Shitcoins that sometimes it is the luck that brings us earning but not in bitcoin mate.
this has been  invented to help people not only in profiting but also to help having a great transacting experiences.

1. In addition, we also know about the skills and beliefs to talk about the profits of investing with Bitcoin.
2. Yep, I think the conviction of the things I've been through with it and the realization of the real opportunity I found through Bitcoin.
3. I'm not sure of the exact timing, but I'm building up to a close target for bitcoin at $100,000, but I'd like to add that I'm still a fan of the long-term strategy. So always prioritize accumulating and holding more bitcoin than other assets.

Well, for me it is mixed luck and rational decision, rational decision in a sense that I decided to invest in bitcoin despite the price is too high for me, I started investing in bitcoin in the year 2020 so I'm not calling it a late entry in the market it's just I missed some good events or bull run in bitcoin, it was a big decision to me because I allocated a significant amount of money from my allowance and that's when the luck part enter because luckily from there it turns out great in a sense that I earn from holding bitcoin for long term, of course there is a times that I make bad decisions in buying bitcoin asset but it is part of the investing life, but right now that bitcoin price is rewarding us investors, I will say that me investing in bitcoin is a good decision for me, I'm just lucky because it came across my mind and take the initiative.

Regarding the question in the title, for me it is not because of luck or coincidence but because of rational choices like this.

Rational choices are made on the basis of a process that contains research regarding track record, value and risks and challenges that exist there, resulting in a decision to hold Bitcoin until a certain time limit.

After making a decision, the practice of carrying it out is also not as easy as imagined. There are phases that will be passed through which are very challenging so not everyone can handle them.
Indeed, when people are able to go through all these processes, in the eyes of other people they only see the profits and victories that we achieve, but actually they never know how we went through to get to the point we wanted.

Nice write-up, OP. One thing you mentioned is the media coverage. They love to focus on the extremes, good or bad.  But for most folk I'd think Bitcoin sits somewhere in the middle.  Its an investment with a lot of potential but has its fair share of unknowns too.

Here's my two sats on your questions:

• Is the profit of BTC holders just from luck?
  Yes, timing those big spikes takes some fortune tellin, so there's definitely a luck factor involved. But having a strategy matters too. If you do your homework, get the risks, and white-knuckle through the lows, that takes some guts. So, it's not all just blind luck.
  
• Are you a BTC holder?
  Yes
• When will you hold BTC until?
  Ideally, you hodl until Bitcoin reaches its full potential, whatever that may be. But everyone has different risk tolerances, so selling some for profit along the way isn't a bad idea either. Me, I have my own strategy and goals that I don't want to talk about publicly. For now, I'm focused on accumulating as much as I can, but that doesn't mean I wouldn't take some profits when the real bull run kicks in.

@GreatArkansas is right, there's a reason why we profit from bitcoin so I don't think that luck is a factor in the profiting of bitcoin, it's definitely a combination of rational decision and reckless investments especially in the times that you've got the money and the price is just too damn low to pass up so you buy bitcoins without regard to the possibility that you might need that money suddenly. I guess to some of us, it is luck but you getting just right has to have some explanation out there and you just didn't know it so you say that it's all luck, I think that you invested at the right time and coincidentally it was at that time that bitcoin is on the verge of surging up.

It's always funny when people say "oh, you've been so lucky to buy bitcoin at X price", and I mean in general, not in my specific case because I didn't even get in that early. Wy do I think it's funny? Because to invest in bitcoin you don't need to be super smart, you just need to have a minimal understanding how what is going on with fiat currencies and, if you do, then it's a no brainer investing in it. People who talk about luck really have no idea what they are saying and they will never understand and invest no matter what you explain to them.

If we talk about luck, then there are certainly people, and we may know some who were lucky enough to meet Bitcoin and believe in it, becoming holders of some amount at the beginning of Bitcoin. These people today can call themselves lucky. Someone remembered that he had bitcoins and did not lose access to them, while someone purposefully went for a good price and is skimming the cream today.
But if we talk about myself, I’m not a lucky person from the early days; however, I consider myself such since I met Bitcoin on this forum and became its owner with a serious decision.

Some people can indeed get lucky, however the majority cannot depend on a lucky break, and even if they had it, if they did not know what they are doing they will waste the opportunity right in front of them anyway, quite frankly the majority of those that achieve success did so because they were able to overcome a great deal of difficulties with their own skills, and someone like that is obviously not lucky, but for those that only see the people at the top and not the process that it took them to reach that place, it is easy to claim this was the case so they can feel good about themselves not reaching the same kind of success.

We invest on it, we HODL, we earn.
It wasn't luck that we gain profit from it, we risk our money by investing in the project knowing that it have a great future.
We couldn't call it luck since some of us endured the FUD and cashing out whenever the price pumps up in the past.

Well, there is luck involved of course when it comes to cryptocurrency, but it doesn't really mean that all of the Bitcoin depends on luck, just like gambling I mean when it comes to gambling that is probably where luck is a huge part of it, but still it is still wasn't one hundred percent going to be all about luck at all. There are still going to be strategies, pattern, analysis etc. that is going to contribute in order to win on a gambling, on sportsbetting we could say that no one is going to predict who is going to win the match at all, but if you could analyze every player or know whose the stronger one that could easily overpower its opponent you could predict that it is probably going to win, it still wasn't one hundred percent but still going to increase your chances.

It is going to be similar to profiting on Bitcoin, it wasn't all luck, but it is going to involve luck, I mean there are only a few people that are able to invest in Bitcoin when it was just around 100$ something like that, There is luck enough to risk their money on Bitcoin at that they even though they know that there was no guarantee that Bitcoin is going to increase its market price. You could totally do a lot of analysis and research about the market in order to make a prediction since the market is driven by supply and demand, something that could say that movement in the market is going to depend on news, rumors, etc. that is why some people buy rumors are able to make some a profit on it.

This is a relatable scenario, I get this several times already and I have responded them like "yeah, I am lucky I was able to understand how bitcoin works and listened to my intuition when everybody else still stick to their doubts and up until now they still didn't own a single fraction of bitcoin." It's indeed ridiculous if someone says you're lucky you got this and you got that when you're blessed financially, the thing is, it isn't really just luck, it is a personal decision and believing with yourself throughout the whole process of such decisions.
Not believing in bitcoin in the first place is also a personal decision, being unlucky or lucky is how the people described it as an outcome, but then again it's far more than that.

Yes those that got rich by investing in bitcoin were lucky if they bought it early. I would say if you bought in 2015 at $200 you were the early ones. Later in 2018 the lowest price was around $3-4K and since we peaked at $70K I guess the gain would be substancial if you bought lots of it. A small investment of $1000 wouldn’t of made you rich like in 2015 or earlier.

Right now the way to become rich is with all these meme coins pretty much. Look at that wifdog token. Many became extremely rich if they bought a small part of it early on. Same with shib and Pepe last cycle. These are how millions are made not by investing in bitcoin.

If profiting in Bitcoin is just a luck then we can call your work payslip is like a ticket in lottery that you are not sure if you will be paid tomorrow or not?
because imagine investing your money is based on luck , then why are we fooling ourself in investing seeking luck when we can just goto casino and gamble our investment so the bigger chance of getting luck.
Dunno what does this thread means  and where did OP get that stupid Idea but it is not even worth believing .

1. Profit for BTC holders never comes from luck, of course patience, risk are all necessary to be successful, success is achieved only when risk, patience can be taken forward. Those who believe in fate and sit idle, like this picture, happen in real life.
2.Of course I am a bitcoin holder. Future success helps me hold on to Bitcoin. I've seen the success of Bitcoin from its inception until now. Those who have persisted have had so many successes so far that the successes have completely changed their lives.
3. I will hold my bitcoins until I get success in my holding bitcoins. But I will hold until new ATH is generated in the upcoming bull market after my bitcoin halving.

Everything in this life are full of luck.

It's a luck for me to join this forum, bitcointalk isn't popular if you didn't search it by yourself.
It's a luck for me to rank up to Hero rank, I can't control anyone who give merits to me.
It's a luck for me to participate in a campaign, a campaign manager can choose anyone who've applied.

If I make a lot money from Bitcoin, it's just a luck.

It's a luck for me to born in the current generation, if I born too early I won't ever know and see Bitcoin in entire of my life...

1. BTC holding requires a lot of patience to maximise profit. BTC holders believe in a process and technology; the profit is not just because of luck. The market dipped a few days ago due to the dumping of a large amount of BTC mined in 2010. The reason why I am quoting this is that you have to trust whatever you are doing and be patient; in the end, you will get a ton load of cash.

2. Yes, I am a BTC holder.

3. I am thinking of holding BTC for another 10 years at least. I might use some of my BTC holdings for an emergency.

Maybe it could be a luck for some set of people but not everybody. There are people that had invested in Bitcoin when the price was about to fall and they end selling because they could not bear the loses again. The luck comes in when we don't have idea about the market and we quickly invested in Bitcoin and surprised that the price started going bull without our knowledge of knowing what actually happens to the market that makes the price keep going bull. This can be seen as luck but not to someone that already have idea about the market and knows when to buy and when to sell. We need to try getting continuous skill about the market.

Who said  this?
Of course, NO.

It is not a luck  but an investment. When we have decided to invest in Bitcoin, we should really understand that the price of Bitcoin will continue to increase quite drastically in the bullish era or before. As is currently being experienced. BTC's price has risen very quickly in just a few weeks. so this is not luck, but the wait paid off.

Surely, surely.
Even though many people say, there is always luck in it, but that's not the concept. BTC has its own cycle, and if in the past we didn't know what the future of BTC would be, then maybe we were quite lucky. But now, we already understand a lot about the concept of BTC, its bearish and bullish eras, and also some of the FUD that was given during the journey. And how BTC can get through it. And when BTC was this high, they said it was just luck. sh*t with those words.

1. I've asked my brother about this, he's not into the market nor an investor and asked him if I was just lucky that I've bought early. He said, an investor takes time to research to the new things and takes risk earlier than the rest so if we rake in profits, we did our thing and it's not just all about luck.

2. Cycles, performances, stability.

3. Until I can.

But you can say it also that you are in luck, if today, you bought it at 68k and few years later, the price will be 200k. Who knows? That is, if you are manage to keep it and not sell it early. We don't know the future of this market, so if you truly believe the potential of btc, you will be doing something today like accumulating while you can.

And I think this trend will last even up to the next cycle but those that are late on the party, they'll have to deal with it that they're already late with these meme coins. Whilst for the early bitcoin buyers, they're also lucky and at least for me I've got a bit of it and can be said of being lucky. @OP You tell what's luck for you if you bought early or you discovered bitcoin and you studied about it and then decided to buy in a lumpsum or in a DCA method.

There is no success without luck, including investing in bitcoin. If you can buy bitcoin at a cheaper price than many others, that is also called luck, you are luckier than many people to have the opportunity to contact bitcoin earlier. But saying that doesn't mean we rely entirely on luck to make profits from bitcoin. It can be said that to be successful, it is necessary to combine many factors and luck is also one of those factors.



Those who say that we rely entirely on luck when making profits from bitcoin only prove that they are jealous of us, they are not happy to see us succeed and make more money than them. This is a common behavior in today's society. Every time you are more successful than them, they will say you are lucky but they will never say you are good.

It is true, it looks like people keep throwing it as a lucky decision for many, but I have seen a lot more people who were here and didn't buy then the people who did. I have been here for ten years now, even a bit more, and during those times, I have seen countless amount of people who had hard time getting in, they were fearing it and they didn't do it.

I think that's the most important part, I believe that people who did, did so thinking that it's a risk and they were not sure but they had the courage to do it. Even if it ended up badly for them, they took a risk and in life sometimes you need to take risks to make some money, there is no way that you could end up with a great result all that easily without taking any risks.

1. No it isn't. Investors are making profits because they know what they're doing when it comes to investing. Investors are making profits because they have knowledge that will help them to make better decisions. Luck might be a factor in making profits especially when you invest in a coin that has a low market cap, but most of the time, better decisions, and knowledge are the main reasons why investors are making profits.
2. Yes I'm a BTC holder, and I've been holding Bitcoin ever since I started my journey in cryptocurrency way back in 2017-2018. My belief that I will make money through investing in Bitcoin made me hold it as well, and I guess most here have the same reason as to why they choose to hold it.
3. Until the peak of the bull market or at least when I feel that we're in the peak already. I know, I know that there are some here who want to hold Bitcoin forever, but as an investor, I believe that if there's an opportunity to sell your assets, sell it. I support the technology, and I support crypto in general, but I'm investing to make money.

People work according to the market condition so if they work accurately then they become able to get the reward but if they fails to take steps accurately then they may loss money. It is not a luck because luck is only used in case of gambling where your knowledge does not work.

You have to control your emotions throughout your earning duration and when market is against you then you think Wisely to take a better decision so it is not a luck but instead it is a struggle to do better through stronger concept and better knowledge.

A common mistake which is also being made here is this narrative about the price changes: "thrilling price surges have been followed by sharp corrections".
We don't have this "sharp corrections" which are technically massive crashes (70%-80%) after a "surge". Instead we have such massive crashes after a bubble.

It may not seem like a distinction but it is and it answers question like the second one in OP "What makes you keep believing and holding BTC?" after that opening part about rise and falls.
You see, when for example in 2017 price reaches $20k, that is not exactly the intrinsic value of bitcoin. It is a bubble. And bubbles are unstable and will burst. If you bought into the bubble or if the bubble burst made you doubt bitcoin then you didn't understand Bitcoin or the market. It was a normal behavior.

Over all price is on the rise. Sometimes we get an overly excited market where price goes above the intrinsic value and creates a bubble and sometimes we get the opposite and overly panicked market participants dump and take the price way below the intrinsic value of bitcoin (ie. a reverse bubble) but that doesn't change the long term trend which is rising...

I do not think it is just luck to make a lot of money from investing in Bitcoins, at the front, the biggest beneficiaries from investing in bitcoins around us may just seem lucky, but behind they have actually worked hard for it. Profiting from bitcoin also requires a lot of control, discipline, cut in expenses and management of wants and desires.

If you were not born in this generation, you will still do fine. There is no trace of bad luck in that.

That's a completely false statement. It's not hard to hold bitcoin, especially when you understand it and follow a few simple rules.
I'd say that the first two rules of holding would be to invest a safe amount of bitcoin, which someone call the amount you're afford to lose, while others say that ist should be acquired through DCA. If you for instance buy with 10% of your monthly income fore a few months, you will never be bothered by corrections.
The second thing you can do is to withdraw your investment when you're in profit and only invest that profit. If you do that you'll never have to worry about the price. Personally I'm years past that point.

You know what people who hate Bitcoin are gonna hate Bitcoin and people say "hater gonna hate" and this much very true when you watch that meme. People are gonna say fud and etc and people who believe will keep building.

Profiting from BTC: just luck? It is rational and had a little bit of luck hahaha.

Now the whole crypto itself had a total market cap of around $2T. Big companies Like Tesla, and MicroStrategy is buying bitcoin. Big investment companies like BlackRock also made and ETF. there is also a country who make bitcoin as a legal tender like El-Salvador.

So people who read this and still hate Bitcoin: That's Totally fine you hate Bitcoin is a choice hahaha but look at the big picture

Holding of Bitcoin can be a coincidence because many people had bought Bitcoin in the past and forgot that they had Bitcoin thrn later they remembered and Bitcoin has already pumped therefore giving them profits that they didn't expect. Holding Bitcoin can both be intentional and unintentional, profiting from Bitcoin isn't just luck but there are some individuals that have profited from Bitcoin because they were very lucky. Some people bought at the exact bottom of the market and some people were fortunate to sell at the top too. I'm a Bitcoin lover and hoping to become a strong holder too. I have plans and I'm working to make myself become a big investor in Bitcoin so I can benefits too from when Bitcoin will rise and get to a new ATH

I think planning to spend 10% of your monthly income to invest in BTC is not difficult, especially when we look back at BTC's past. However, I think that from a few years ago, our willingness to maintain the belief that BTC could reach 70K USD in the future was a huge effort, similar to the fact that right now an investor believes that BTC can reach 1M USD by 2030.

Being willing to believe in BTC and persistently investing in BTC every week or every month, accepting short-term losses and overcoming one's doubts - these are remarkable efforts that not everyone can overcome! You are one of those who have made it, you deserve profits and respect!

Just like you said, anyway, hating BTC + staying out of the market + mocking BTC investors is also the choice of those who do not understand this market or simply missed the opportunity, we have more important thing to do: continue to hold profits and wait for greater opportunities and profits to come from the impressive growth of BTC and the crypto market. If someone says I profit from BTC just because I'm lucky, OK, I'm lucky   8)

I don't understand your intelligence because those who invested in 2022 or 2023 mean them?  Loads said they are losing their assets or their bitcoins or their capital but now the price is going up if they keep their holes then they are currently called big big or investors because they are currently profiting from their investment from the market bitcoins.  getting  He will remember them all his life.  But an investor never gives up on his lakhs or 100% on the luck they invest with or out of wisdom.  Fifty percent of their money and fifty percent of their intelligence is their profit gulapa because you will not always do your favor because this time you will do it only when you invest your intelligence or your head.  In that case of course anger is also needed or if you are lucky you can get pocket then you do bit I don't say lucky because you can understand the level of bitcoin situation in case of current rate of bitcoin.

Imagine even a person that does not know this market and never an investors believe that this is not about luck so what more those like us that gives our time and risked our money just to trust this market?
I'm afraid that the site that OP gets this idea is not even understand what he is asking or knows nothing about everything at all.
Will be holding my investment till  I finally need the funds.

Luckiness only comes and helps people who see opportunities, accept to take risk and afford to lose money, of course with good own research diligently done for their investment and with good capital management.

Chance can knock doors of many people but very few people will take it and convert it to actual investment decision. Who actually spent money for investment, became true holders, don't simply look at the market but seriously take advantage of chances and they deserve to get profit from their belief, investment and confidently holding practice.

Along their investment time and holding, they must know risk of custodians from third parties and actually practice well and safely with their storage and backups.

How to back up a seed phrase (https://blog.lopp.net/how-to-back-up-a-seed-phrase/)
Reminder: do not keep your money in online accounts (https://bitcointalk.org/index.php?topic=5421039.0)

They don't know how much I struggle to maintain the assets and continue to accumulate more and people think it's luck. No, in fact I would be angry if I was said to be lucky. There is indeed a small portion, due to the luck factor. But I worked hard, not relying on luck. Because I believe that lucky people do not happen continuously. So I feel sure that people in crypto are not lucky but indeed they have the strength to try well.

If you are good in holding for long period of time, you will know that making income from Bitcoin in the market is not luck, is base on what you know and believe upon that it will definitely come for you to make a passive income from your holding when the bullish season begins to reign in the market. There are some holders that will give up when the price of Bitcoin decreased below $20,000 because they lack the knowledge of holding Bitcoin during the bearish season but if you have the knowledge of holding, you will know that you will definitely achieve huge amount of income in the future when the bullish market appear. If you know how bullish market and bearish market work, you will know that is not by luck for investors to experience incomes, is just the potential skills they have in their investment.

1. Not because of luck but because of patience and belief that BTC will indeed provide profits
2. yes I have BTC,
3. Until I say I am satisfied with the profit I am targeting, there are times when I sell and buy BTC at the right time, I don't always hold my BTC

1. No! Because it needs time, patience, money and effort just to come up with that profit.
2. Yes I am a Bitcoin holder myself though just a small amount of it through DCA but yeah better than nothing. I can see the potential of Bitcoin and by grabbing every opportunity it offer, financial freedom is just around the corner. I know we all hate inflation and any other crisis happening today and this is my way of avoiding it.
3. I will hold until I am able to achieve my target to get atleast 1 Bitcoin. I know how hard it is due to the fact that it is currently way more expensive than those prices in 2020 and we can only acquire small quantity but yeah I just need consistency.

I guess there is some luck by the way you got exposed to bitcoin. But everything after that requires knowledge, patience and perseverance. Not everyone who just invest in bitcoin automatically gets rich. It doesn’t work that way. You still have to monitor the market and take out your coins when necessary.


Yes, I am. Bitcoin still has a lot of potential seeing as not yet everyone is exposed to bitcoin.


Until I have reached my target profit

Investing in bitcoin and being able to profit from it is a journey full of hardships and difficulties. If someone says that you are lucky to profit from bitcoin, it shows that they are just jealous and cannot accept the fact that they are losing to you.

Just like me, the economy and my life changed in a positive direction since I invested in bitcoin. Everyone around me thinks I'm too lucky to have those things, they don't know and deliberately don't want to accept the truth, to be able to achieve those huge profits, I had to make sacrifices and take a lot of risks. Those who say that investing in bitcoin and making profits is lucky are actually too jealous of us.

Right. Making money with Bitcoin isn't just luck because it's about knowing when to hold and having faith that the good times will roll in during the bullish seasons. It's not luck, it's the skills and insights you bring to the table. Understanding how both bullish and bearish markets work gives you the edge, showing that investors' gains aren't just random chance. So it's not a lottery either right it's about having the smarts to ride out the storms and cash in when the market's in your favor

Honestly, there is no need for us to justify it to those skeptic people about making profit in Bitcoin isn't about luck. If they think that we're just all lucky people that have managed to earn holding Bitcoin, it is okay and let their justification be the belief of theirs. Researching is a skill and why most of us are holding because we're believing of what we've known about it that holding for a long time is profitable.

True, they think that it's just a random instance and we're all lucky because we're in Bitcoin. But buying Bitcoin is a commitment that requires someone to understand what he's going through and it's not just as simple as buying it without knowing what you're up to. Trying to understand the fundamentals and the reasons why you're so bullish despite that we've gone through several bear markets is already not even about chances and luck.

Because many investors are jumping into the cryptocurrency craze blindly without prior experience or a plan. The Bitcoin and Ethereum gold rush is drawing in new investors everyday. People are willing to risk a few thousand dollars in the hope of making a fortune. They have no plan and they are not considering the risk of losing their money. They figure that eventually cryptos will move up and they will become rich. What they don’t know is that there are financial syndicates with unlimited resources taking bets against them. As in any financial market as soon as price moves far enough and enough orders are in the market price will move the other way and the uninformed will pay the informed.
 I think we will consider it luck when the person do not even have any idea and still make profit out of his hodlings. When you invest in something without researching it. If I decide to put money into something, I usually try to learn everything I can about it. That way, I will not be investing blindly. Some research never hurt anyone. Unfortunately, I see so many people doing the opposite when it comes to investing in cryptocurrencies. They invest without understanding how the market works, and that is essentially gambling. The more you learn, the more you understand, and this reduces your chances of taking losses.
  

Those who say this of course don't understand well how to make a profit from collecting Bitcoin and don't know how Bitcoin works so they only see those who make a profit from collecting Bitcoin but don't see those who fail to make a profit because of mistakes. which is made by holding a number of Bitcoins and I agree with what you say, we have to work hard to be able to collect Bitcoins and have to know when is the right time to buy them and sell them again to be able to make a profit and this seems easy to do but without skills about Bitcoin of course we will not be able to do it right.

I can attest into this kind of situation on which they would really be just that focusing into the result or on the things that they are seeing and not on behind the curtain on how hard to strive with this unpredictable market.
We've been through tons of crashes and pumps of this market on which holding up your position for how many years or long time is never been easy specially if we do speak about emotion control.
If they've been able to step their foot into this space then for sure they would understand but if not then they would really be just focusing on the things that you are currently cherishing.

Its true that they dont know on how we do able to survive this unpredictable space. Those profits made do came out from hardwork and surviving this market.
It cant really be avoided that there would really be those people around you would really be having those kind of impressions that you are lucky because you are cherishing out a life
on having no problem with finances and thanks to Bitcoin or crypto investment.

For the early ones, it was really just luck because no one knew at that time that Bitcoin would ever touch the price targets we are experiencing now. Still, I'm sure those who were early to Bitcoin are already out of Bitcoins except 1% chances if they stored them and forgot about them, at the same time they still have access to it, most off them lost the access or already sold in previous cycles. The whales right now are those who entered int he market and continuously buy and sell in every cycle because this is how you grow your accumulation.

Now the accumulation completion is going to be more strict because as we can see these ETFs are boosting the price and increasing a high percentage of Bitcoin from the market it's really a big concern that we won't see the self custody anymore in the future at the level we are currently on because these ETF will sell only the contract based Bitcoins, not the actual Bitcoins supply.

Indeed, what you are saying is also something that needs to be known and is important because if we just hold Bitcoin without adequate knowledge, the results will be bad later, whether in asset storage, late market information, timing when buying or even selling Bitcoin, also wrong predictions...

So, talking about the growth potential and price of BTC, I strongly believe that the price of BTC will rise as demand increases and so will the potential value of BTC in the future. The reason is, BTC can currently be said to be one of the purest, most promising investments and now little by little it has changed the global financial paradigm with its innovative technology, even though it takes time, of course in the long term, the results will be visible.

Bitcoin is considered a strong currency for investment. But before investing in a good currency like Bitcoin one should have enough knowledge about Bitcoin. If you do not know the right time to buy and sell in the market, it will not be easy to earn profit. Bitcoin will continue to grow as its value increases. The result of investing in Bitcoin will never be zero just long term waiting.

Luck happens periodically, not every time. I understand how difficult it is to keep holding your bitcoin for so long. The level of discipline one needs to put in needs to be high. This includes consistency in accumulations, avoiding FOMO, and not listening to social media scandals and hype. Focus on holding your bitcoin for long. If any investor was able to maintain this type of discipline, I would never say it was luck that he made a profit now.

There is a difference when someone trades bitcoin and makes a profit, i think that is when i will call it luck, but for a potential investor, it is never luck. When the world is full of merriment and luxurious things. Everyone wants this lifestyle, but we chose to hold on to investment so that in the future we could afford more than this without looking at the price tag.

Long-term investment is definitely mandatory to profit from Bitcoin. Because Bitcoin takes a long time to generate new ATHs. so you must invest for long term if you want to achieve something good. so getting profit from long term investment cannot be called luck. It is the result of patience and investment. Luck depends on good quality profit from investments in gambling depends on good strategy and patience

You're absolutely right I think profiting from bitcoin is not all about luck, rather is by having the knowledge and as well knowing the investment strategies,there are some people who invested at the early stage when bitcoin has no value,but they were patient enough to hold it till this time,this people are making a lot of profit from bitcoin now that bitcoin value has run this far. however I think this set of people is profiting from the Long term investment they made, they aren't been lucky to profit from bitcoin either.

When you work hard for something, it can't be considered that you just got lucky. Of course, you had to put in some hard work before you achieved it. The same is, of course, the case with holding Bitcoin or other cryptocurrencies. Even if it goes through a bear market, because we believe that its value will increase, we will not sell it. No matter what happens, we will not let it go.

It means that what you did was not easy; waiting for the right time to come meant that others thought you would never reach it, or something that you believe is impossible for others will happen, but it will actually happen in the end. And when you make money because it does rise beyond what most people expect, you deserve to reap the rewards of the time you spent waiting for a few years because you endured that and persevered.

El Salvador started hoarding bitcoins in 2021, and since then all coins including the bitcoin market started dumping due to FTX and destruction from other altcoin markets. But still the government of El Salvador has not stopped hoarding bitcoins, long time hoarding bitcoins currently benefit more than 50% to 60% from each bitcoin on average. So with this diagram I see 2021 as the year of breakdown and 2024 as the year of success.

1. Any success, for example making a profit when investing in bitcoin, is perceived by people around him as luck and an attempt to reduce the importance of the investor as a result of his success.

Although the fact is forgotten that the investor takes risks when investing, loses this money for a while, and the result is unpredictable. At a minimum, an investor has the courage and resources to take risks, while those around them are only capable of not taking any steps towards action themselves and can only verbally underestimate the successes of others.

2. I think that bitcoin holders are influenced by 2 factors, positive and negative, which encourage them to continue to believe and hold btc.

Negative: Storing wealth in traditional financial instruments like cash or bank accounts devalues that wealth due to inflation. In an attempt to avoid this and preserve the value of their wealth, people are turning to investment vehicles like bitcoin.

Positive: faith in the future growth of bitcoin, which is confirmed with each new cycle. Who would want to get rid of an asset that has done nothing but grow throughout its entire existence?

3. At a minimum, part of bitcoin can be hold  almost indefinitely as a financial safety net, pension savings, inheritance for descendants, etc.

A part can be holdt until the moment when the profit received allows the previously planned goals to be realized. These goals will vary based on personal preference.

Also, I think that many people themselves don't know until what moment they will hold bitcoin. Maybe until it allows to become a millionaire? :)

Holding BTC is not an act of luck it is an investment of our assets.  Now that Halong is near, the goal of our holding is also approaching.holding BTC is a strategic decision that preserves our value.  Our hopes in this investment are not just based on trust. A nearhalving to our goal gives the possibility of an increase in the price of BTC which makes our investment even more promising.  We need patience and vision in this investment so that we are ready for a better future.I will say that holding BTC is a wise decision that keeps our wealth strong.

Bitcoin's meteoric rise has created a curious phenomenon: the illusion of overnight success. We see headlines of millionaires minted from early investments, fostering the belief that Bitcoin is a lottery ticket to riches. Yet, the truth is far more nuanced.

There's no denying the role of luck in Bitcoin's story. Early adopters, drawn by a nascent technology or a speculative hunch, stumbled upon a goldmine. But to focus solely on luck is to paint an incomplete picture.  These "lucky" individuals possessed a crucial quality: the foresight to believe in a revolutionary concept. They weren't passive recipients of fortune; they were active participants in a technological experiment.

However, luck is a fickle companion. It can propel you to the starting line, but it won't guarantee victory in the marathon that is Bitcoin. The vast majority who haven't been touched by this stroke of luck must forge their own path. Success in the Bitcoin world, like most endeavors, hinges on grit and knowledge.

Maybe everyone in this industry field knows that Bitcoin is proven and tested when it comes to long-term investment. And that was given even more clarity when the
SEC approved the bitcoin spot etf. Because institutional investors started to accumulate bitcoin.

So this means that from the time they can directly buy bitcoin, it is clear that the profit that can be obtained from bitcoin is not based on luck.

To maintain the value of the assets we own, it is very good if we invest in Bitcoin and we will be able to gain profits from holding Bitcoin because currently the price of Bitcoin has shown an increase and if we have held a lot at this time of course we will already have a profit from the investment. what we do, yes it does require patience in holding Bitcoin and also we have to collect the amount we can afford and never force the investment we make if we don't want to get into trouble with the investment we make and not get a profit on the investment we make do.

There's nothing "luck" about getting profit by holding BTC. Holding BTC is one of the hardest things to do. You've explained how difficult it is to hold Bitcoin because of how volatile Bitcoin is. Bitcoin is at $70k right now and it can go down to as low as $20k. Do you know how difficult it is to keep holding when you see the value of your Bitcoin reducing, especially after you bought it at a high price? It takes a lot of things to make a profit from Bitcoin holding, luck is not one of them. 


I believe in Bitcoin because I have studied its history and I am very convinced that Bitcoin will always go back up after it dips. It might only take a long time, but I know that if I am patient enough I'll get my profit.


For as long as I'm alive. Right now I'm just waiting for the next dip so I can buy again and hold.

After big dips and after each bear market, we will have good rally and good bull market. This year, we even see a new all time high before a halving. A new history is made and my belief in Bitcoin only becomes bigger this year.

It is not easy for companies in the USA. to get approvals from SEC. for Bitcoin Spot ETFs but now they have it and are bringing big capital to Bitcoin market.

After Spot ETFs, I believe they will apply for more derivative products.

We all know that bitcoin investment is all about Grace and is also like gambling gambling is all about Grace if you are opportune for invest in Bitcoin when the price is low and it happens that throughout the duration that invested in Bitcoin the price continue to below value and later run, the price of Bitcoin happen to rise unexpectedly it is the time that you make a profit that is why majority advise our people who is into bitcoin investment to purchase a Bitcoin and hold it for long time so that when the price rise they will be at advantages to make a profit so I believe that is why many people is into long time investment in Bitcoin

We can't please all individuals to appreciate Bitcoin because many people are still doubtful and have negative views towards Bitcoin.
We are too lucky, yes, because we chose the right investment for us but too unlucky for these people who thought we failed and just lost our money. Well, the statement is perfectly right --No risk, No gain. Just like us who make this kind of investment will have a better life than those who keep saying negatively. But there is no sense of arguing with these people because they only don't understand and remain on the negative side.

For the average person our success does in fact looks as if it was just luck, and that is because when it comes to them they are unable to think on anything that goes beyond the next week or month, so being able to see years into the future and make the right preparations to take advantage of such price movement seems like magic to their eyes, so they cannot admit that you were able to make such an amazing movement, even if you told them beforehand what you were doing, so in their minds the only way to explain this is by you being extremely lucky.

Luck ? Haha, everyone have their own reason to say it "Luck" and everyone have their own luck. Let say I work for a private company who pay me for BTC. I accept that salary even BTC still has low value, and my job worth for $1500 in fiat. How about that? I can say, i got nothing from BTC in that timeline, I only got pain. I buy rig to mine, it costs me thosands dollar to get BTC.

In my opinion, LUCK is only for someone who do nothing but get amazing results.

I am a btc holder, and altcoin holder. I will hold until it give me minimum value of my passive income treshold.

I believe with community power, and peoples mindset grow everytime.

The profits obtained through Bitcoin are absolute profits due to the trust many people have in Bitcoin even though there is also a slight element of luck in it. Because the SEC's approval of spot bitcoin etf is part of the good effects that arise from Bitcoin itself, it allows everyone to see profits through their Bitcoin ownership and now more and more people believe in Bitcoin and continue to invest in Bitcoin. Apart from that, the price increase that has been seen in the last two months can also be used as a basic reference that Bitcoin can indeed be relied on by many investors.

     Sometimes that's what annoys other people: when you make money with Bitcoin, they say you're lucky; they don't know what you went through during those times when you almost want to let go and believe what some say, but the belief still dominates. We are here because we saw the potential of this industry that we entered, which is why we didn't let go until the end.

     That's why, when you say luck, you didn't make any effort, you didn't get tired or persevere, and you endured a time that almost makes us tempted to let go of the asset we're holding, but still, in the end, we made it successfully.

In my own opinion I think profiting from bitcoin is not luck, reason been that there are a lot of people who invested in bitcoin as at early stage when bitcoin has no value. and they where patient enough to hold on to it till this time that bitcoin has run this far,did you consider this people been lucky to profit from bitcoin? or you consider them being profited from the Long term investment they made? however if you want to get profited from investing on bitcoin you have to make Long term investment, bitcoin investment isn't what you just invest and also expecting to get profited immediately after investing. in terms of making investment patient is also considered necessary, because if you happens to be a patient type I think you will be making massive profit from every investment you make.

"I want to know your opinion on the success of BTC holders:
Is the profit of BTC holders just from luck?- for some yes, for others no so much.  A lot of people have no clue what bitcoin is and have made money from buying lower than they eventually sold from (or have).  That I would say is luck.
Are you a BTC holder? - I don't think anyone should ask this or answer it.  What makes you keep believing and holding BTC? -I think bitcoin as a decentralized currency is a great improvement over traditional fiat monies.
When will you hold BTC until?"- Information I don't think anyone should share with each other.

Should we call it luck if they have made investments intending to earn profits from it because they have heard it goes up in value over time? I don't think so. Even if they don't know much about it, they at least know the fact that Bitcoin has a volatile price and it can go up which can eventually earn them profit which I think is enough for them to stay out of the luck category.


I don't understand why you wouldn't want to share information about until when you would hold your Bitcoin.  :D I think one should only not share details about their funds and how much they hold but giving a general idea about what you have planned would do no wrong.

About 190 million users use Bitcoin in Satya Bitcoin, but when Bitcoin pumps around the world, do these 190 Million people have better luck? Bitcoin is not gambling it is an asset.  Investing here is definitely profitable if one can be patient.  No one can profit while investing.  If there was an opportunity to make immediate profit, it would be called luck. But Bitcoin's natural behavior is never dependent on luck

Profiting of BTC holders can be from luck.  I cannot deny that the possibility of being lucky is the reason why some holders profit from Bitcoin.  Like when they engage in the Bitcoin market, after they buy their holdings and the market starts pumping.

But majority of Bitcoin holders who profits from Bitcoin  oftens have plans and studied the Bitcoin market, making them find opening position and buy Bitcoin at lower price and knowing the possible advantageous closing position and selling at a profit.

So I believe it is the combination of luck and wit that enable BTC holder to profit from Bitcoin.


I used to be but because of some urgent needs, I have to sell my holdings.  The continuous news and adoption, the increasing  trading volume and the active promotion of Bitcoin makes me believe in holding BTC, aside from that, the history of Bitcoin price also show that Bitcoin is profitable in a long run.


I planned to sell my BTC at my target price but alas, I failed to follow it due to real-life urgent needs.  But if given a chance to have extra funds, I plan to start accumulating again and plan to sell it after two or three halving to realized my possible profit.

Boss that the problem most people people don't want to suffer the flesh or to die but the want to make heaven alive which I know that's not possible, what I understand about bitcoin is that for anyone to benefit immensely in the business such person has to take every opportunity very serious.
With my little experience it is better to buy when the price is down, at this period a good market strategist should keep accumulating as much as he can, by this doing this such person is building a future for himself in the Bitcoin settings and such gesture will be recoprocated positively by Bitcoin in the long run that's if he keep hodling for a long term. So to me benefiting Bitcoin is not luck but it is patience, perseverance and having trust in the system without doubt of any kind.

You're right, the fact that we can profit from bitcoin is a combination of luck and each person's vision. It is true that bitcoin investors have to make trade-offs and accept risks when investing in bitcoin, but if they are not lucky enough, I believe it will be very difficult to make a profit. Many people think that they make profits because they are good, but they do not think that in the process of holding and investing, they do not encounter any obstacles from life, it is thanks to luck that trouble does not come to them. Because I have met many investors with knowledge, skills... they are comprehensive in all aspects of the investment field. But in the end, they cannot become successful investors because life has too many events that cause them to give up their passion. Therefore, I still believe that any success has the presence of luck.

Those who benefit the most from bitcoin are those who have always had it and are currently enjoying its benefits, but there are many investors who have bitcoin and have not sold a bit, because they know that they will have more profits when it rises to more than $100 k, then they are not going to sell for anything, that is a reality, things for investors and in investment have always been like this.

Those who buy now are not stupid, they know that they can buy at the limit because the bitcoin will increase in price and they will only be able to enjoy when it is very high, that is the only thing that should be looked for, those who do not have a vision of bitcoin in the long term or in the future cannot think of becoming a millionaire, he who buys secretly, who anticipates when the price falls is an intelligent person, and those are the ones who can have the most benefits.

Actually we couldn't say that it is pure luck cause everyone  knows that profiting in Bitcoin is a serious thing it will need more discipline and self control.  Like what other said above those investors buying some bitcoins before when the value is too small and hold it until date then one thing for sure they will partying cause they made a huge profits.  But like what I said it's too difficult cause there's a chance that the temptations will almost hit them they almost sell their Bitcoin. But they can manage their self and then now they got a big profits.

Indeed. There is no pure of luck to get profits on Bitcoin. Before people buy Bitcoin, there should a research first about when the right time for buying (entry). People also set a target for their exit time, they don't take profits in a random way. These are serious efforts, it requires good knowledge or skills, too. So, people don't invest in Bitcoin like they are playing gambling. It is untrue that people assume to get profits by the luck.  ::)

Sure, people also need to be patient and discipline in Bitcoin investment. If people can't do these, they may be influenced by the FUDs and fail to get profits. It is not easy to hold Bitcoin, we need to have strong mentality.

Nop, if you are just simply holding and wait patiently then most of the time you are in profit. Unless you are getting distracted with the price crash or have something urgent to pay.

Holding and getting profit from Bitcoin has improved my life since I first interact with this. With so many repeatable profit and opportunity then of course I keep holding it especially when the price is surging really high like today.

Whenever I need the money and I think that it's enough for me to grab the profit and wait again until a good time come. Even though the price was bad like in 2018 but it will go back like today, but of course it takes time.

A lot of patience, research and learning, observation of the market movement, may be required to gain good profit from BTC. Money is also one luck factor that makes the whole thought of BTC investment very valid.

It then depends on the individual to decide if it's to trade or HoDL BTC and for how long as well. One thing is that the longer one HoDLs BTC or accumulates it, is the assurance of profit they get. Although it may not be as huge as the profit made from instant or accumulated trading over time.
One needs more than just luck  to gain profit from BTC investments. IQ and technic or strategy is the key that would unlock the lucky door of profit eventually.

Agreed and +1 to this. I don't see any luck in here to earn or to get profit. If you really want to enter in here, you should have the knowledge how the market goes and really need to research about the coin you want. If you they really want to invest they need a lot of discipline, self-control, and patience. Bitcoin is not for soft people, bitcoin is for the people who face risk no matter what.

Luck is more correctly to use for traders and gamblers who don't do research, learn about Bitcoin's fundamentals, basics about trading and investment, but want to join and want to get rich quickly.

Hence they bet and hope they will luckily win, get profit with their trading or investment, or even with leverages.

However, it is oppositely with investors who already did due diligent research about Bitcoin and understand about this market as well as carefully manage their capital, risk and don't leverage their position. If they get profit from investment carefully like this, I don't see they luckily get profit but they actually well-deserved with any profit they achieve.

I have seen Bitcoins growth. To be honest at first I also didn’t believe in Bitcoins. But back in 2018, when I saw the capability of the coin, I changed my mine, and started investing in it. I regularly buy the coins and hold it. If you ask me, for how long, I will hold, then I don’t have any answer for that, but definitely I will keep on holding as long as I don’t need the money invested in Bitcoins. Bitcoins are limited in numbers, and hence it will definitely grow into the biggest digital asset of the world and decade.

There is nothing like profiting from holding Bitcoin is lucky attempt, there is nothing kike lucky because even holdung is a serious work one has to learn because it's never easy for us to keep holding when the price of Bitcoin keeps moving up and down.
It takes an understanding person to hold Bitcoin at this time when all we could here is sell, you have made profit the market is going down. This is more of an understanding for us to keep holding to earn the reward of being patient as an holder.
There is nothing like luck here, we merit the rewards of holding.

investing in Bitcoin has advantages and disadvantages that potential investors should consider, and one of the main benefits of investing in Bitcoin is its high profit potential.
However, it is not just luck, although luck is also involved, and timing or strategy plays a big role in generating profits. The value of Bitcoin can fluctuate, so buying when the price is falling can increase your potential profit if you sell when the price of Bitcoin rises again and here we have to be able to manage the time. And the longer you spend holding Bitcoin supported by your respective strategies and skills, the greater your profits will be because the long-term value of Bitcoin will continue to increase.

People who have taken advantage of Bitcoin today are not lucky. They get this from their choice to take risks, and defend against FUD. That's not something that's easy, especially when you've held the bitcoin you've had for a long time, and consistently add to that asset.

Well, I only have a small amount of bitcoin as of now, and am still holding it. I think that the price of bitcoin could reach $100k in the future. In addition, I think, people who are holding bitcoin until now also share the belief that the price of bitcoin will be very high in the future.

I've been holding bitcoin for a long time. Unfortunately, I'm not consistent with that. I sometimes sell some of the bitcoins that I have, so until now, I don't have many bitcoins. However, I plan to try to increase my investments in the future.

You can try to buy and sell, but this will be trading and it will definitely not give you any advantage, if you are not a professional trader, it is too difficult to beat the market. But if you are a holder, then you don’t need to try to beat the market, you can buy Bitcoin using the DCA strategy, and be sure that in the end it will bring you profit in any case. And in a bull market, you should define a goal or goals when you start selling, and this will determine how much profit you can make. Holding will always beat trading, this truth is available to everyone, so why test it on yourself if you can just buy and hold.

Good for you. I hope you keep hold of your Bitcoin for a very long time and do not sell even when you get tempted to do so.

So, your account was created in 2017 yet your posts start on 24th January 2024 and you have made 120 post since then. What happened to all your other posts. Furthermore, such as the effort you out in to creating the OP yet you returned to make just one post as a follow-up.

It does look suspiciously like many other accounts out there that are trying to increase their rank by creating threads inviting members to respond yet when they do not receive merits they give up on the thread. Any comments?

For those of you who patiently hold Bitcoin for the long term, that person is on the side of luck, I mean holding it for the long term is difficult to predict.
For those who hold it for the short term they can predict or study the market.

It is better to invest in bitcoins for a really long time, the longer you can hold the bitcoins the more you will gain. Bitcoin has only had a recovery and with all the unique jewelry if you were to guess at the price it would definitely be Bitcoin at the top. Bitcoin is only suitable for long-term investment, and you will experience the most losses when you invest. So invest in Bitcoin get ready to earn benefits properly.

Hahaha this is funny, i think i might have to go to jail until the bull run is over LOL… I think you have a point here, holding bitcoin is the most difficult thing in bitcoin investment especially during the times of decline in it price. No one wants to see their investment decline so that’s why they tend to sell off their holdings when it’s not going well, when your eyes is fixed on the price movement you can get easily tempted to sell so you don’t lose too much and most investors feel that is the best strategy for them. Also i feel people sell their bitcoins mostly because they spent more money on it than they can afford to lose probably too much to handle any lose or drop of value. The person who actually thought of this and made this statement probably knows how it feels to hold and only a few people can withstand the pressure and not sell during a downturn, so being forced can be the only way for some people.

Giving my opinion,

1. I think the profit of bitcoin is not always based on luck, luck has its own play though but knowing what you are doing and knowing how to manage your investment is what determines a person’s success. You will not always be lucky and if luck comes if you don’t apply wisdom you may still end up losing what you have made.

2. I am a bitcoin holder and a believer, I believe in it because of what it have achieved so far and it’s potential to grow even bigger and achieve more.

The truth is that most beneficiaries of the success of Bitcoin only took risks, no one knows what would surely become of the coin and it could have happened in the opposite. In the beginning, it was a project of trial and error, but as time went on, it became a success and the success is a very huge one as we all see today.

Be thankful if you are one of those who knew Bitcoin early enough and also took that bold step. But I feel for those who knew it at that time and wanted to invest but did not have the money, that's the most painful part. But we all have to know that in all asset investments including Bitcoin, no one knows it perfectly, and for Bitcoin, it is cheap and easily propagated and accessible. When you invest in it at a good price, then you are lucky in my opinion. Not that you are one kind professional, it is merely a cheap risk taken that becomes a huge success.

Yes, I am. First, I've never doubted the prominence of Bitcoin, only that I have different investment goals and plans, which made me miss the money in Bitcoin. But since 2022, I've tried myself to HODL and trade Bitcoin more often and the results have been good so far. This is however purely an investment opportunity and I need to be smart with it.

For this, on detecting the slightest bearish trend of the coin in the long-term disposition, I will divest 70% of my Bitcoin portfolio immediately. I am not a blind investor.

Just as I said above, when a bearish pattern is seen, I will divest my Bitcoin. That will be totally dictated by my trading chart. I will be using the weekly and monthly charts together to decide rightly. I don't know why I should continue to hold my Bitcoin when I know it would devalue in a big way. It is better to reinvest at lower levels for more profit earnings when it has done the selling in the long-term scope.

Well dear your shared meme is really impressive. Although we know that Bitcoin is the kind of all digital currencies and it has proved itself over time we know the day when it was trading for only some cents and today we can see its trading price where it stands alone against all other trading currencies in the market with the biggest market cap. Well the Bull Run of 2021, there were no such big involvements of big companies in it like Blacroak, there was a time when Blacrock also hated Bitcoin, and haha what now? they are also involved into it by investing a huge amount.

In the case of 2024, Some facts make Bitcoin even more bullish, because the involvement of big institutions and companies wins the trust of other big investors which in result more amount of volume will come into Bitcoin. Involvement like Blackrock, Approval of ETF, El Salvador using it as its legal tender makes it more bullish.

Of course not, it is not even remotely close, we are doing something special here and that must be the most important part. I feel like the most important part of bitcoin investment is to be aware of it. If you buy and hold then you are going to make money, it is as simple as that. And yet we are seeing people not investing clearly, we see people buy in, either for short term or long term, and then sell before they should.

This shows that it does require skill, it is easy, no luck required and yet still people may end up losing money because they do the wrong thing. I think the best thing to do at this point would be letting it be a bit more sitting without moving, if people can do that, they will see how easy it is to profit.

Big NO because are not gambling here OP who is only hoping for luck but people are here because of their positivity and believing that Bitcoin will give us a fortune. I was certain of that and I know for sure you are not hoping for luck as well instead looking for some assurance. In fact, as we can see, a lot of people earn a lot of money in investing Bitcoin more than those who are not which is far different from those gamblers who win rather than lose.

Unless we don't know what we are doing.

If we hold any investment for a long time, it can give us quite a good return, like buying land and investing in Bitcoin.  But before investing in such an estate, we must research it.

 If we don't search and invest without anyone searching, then we can talk luck if we have profit in this asset.  There are some coins in crypto currency that can be good long term investment, but you also know that crypto currency is very volatile that anything can happen anytime.  Therefore we should not invest in any asset without doing some research.

luck has no target for those who invest in bitcoin without a target so when they make a profit that is called lucky luck, but if those who invest in bitcoin have a target for example they will keep it for the long term and over time they have saved it and the price rises drastically they sell They didn't have any luck with these bitcoins, but they had been waiting for the results of their hard work for a long time.

There is no luck. This progress proves that the crypto Industry is growing. Trust gives a tremendous demand effect and it is always predicted in advance. So this process is not luck but a trust and sacrifice. There is no repeat luck, those who properly understand will try many techniques to add to the profit. So this is not gambling, we have an analysis that needs to be done to get it all together.

Every sectors and criterials in investments do have the encountering of the UPs and the DOWNs which you can only find your emotions normalized and untroubled only when you understands that there is no just short ways to boycott the Down side of it but although you manage the depressive side of it by so tactical analogical rhythms on knowing when to place order for restocking such as the DCA and when to sell off when you realizes you have made profits and then you sells off and strategies to purchase and restock again.

With the above methodology, you are only trying to manage the risky side of it that may bring you lost by eliminating greeds but if you feel your emotions is capable enough to withstand the situations as the market fluctuates being aware that even if the system is not being appreciating at a moment but you are sure that as long you keep holding, there would surely be an abundant profits double folding your incomes to erase your sentimental emotions held against the market when it was not so appreciating.

Hence you know how the system of Bitcoin runs at when it could stand against your wills and when it would stand with you but not guaranteed of the schedules when when it would come up to your interests and when it could go against your interests then I will agree it is proportionally to say it holds some natures of luck because you can not strive on your own and determine that today or tomorrow this is how the market would be but you would just accept it in any ways it serves you.
Although there is an assurance in Bitcoin that as long as you keep on holding it would surely come to your profitablities.

The lucky nature in Bitcoin is sighted by the investors emotional sentiments not really that Bitcoin is an lucky investment platform. Yes too, the volatility of the market is unpredictable just as when we says gambling is unpredictable and a game of luck, just how Bitcoin is but minal to risk for lost of funds because you can purchase one just one time and hodl until the profit term of the market is come and doesn't necessarily mean that you must keep on buying and holding with the thoughts that maybe you maybe benefited from either any of the multiple times you must have purchased your holdings.

It is unlike gambling that you would have to keep up staking and you may be loosing and one or some of your continues staking may earn you winning or not at all.

In a summary Bitcoin can be an investment of luck due to the fact that value in the future market is unpredictable but not one of the lucky days in gambling.

There is a widely spread misconception about Bitcoin that it can make you rich over night and people coming to bitcoin with this intention got nothing but loss. To get good profit in Bitcoin you must have some investment plan with you that for how long you are willing to HODL. Buying on 60k and selling on 70k will give you a small profit. The real profit is to buy when Bitcoin went under 20k and then HODL till the time Bitcoin crosses 60k. Of course it takes lots of courage and patience.

People with this mindset are mostly newbies because they do not have much knowledge and experience in the market. As for those who have existed in the market for a long time, no one has this silly thought. Although bitcoin cannot help us get rich quickly, I can say that getting rich from bitcoin is faster than other investments and that is why we choose bitcoin. Making profits from investing in bitcoins is based on one's knowledge, it does not depend on luck and that is why not everyone who invests in bitcoins makes profits.

I don't believe that the profit from holding bitcoin comes from luck, its been proven so many times how valuable Bitcoin is, with low max supply and also four years halving, there is no way that Bitcoin won't have its good time when you hold, all you need to do is buy when no one wants to buy, when dumps are happening, thats the best time to start buying.

I am a BTC holder and to this day I am still accumulating Bitcoin, I believe that Bitcoin is a good choice of investment, and it's also a good store of value, including the fact that it's the only decentralized asset that works and stays decentralized.

I decided to keep accumulating Bitcoin as long as I can, even in my retirement days in the future I will always have some Bitcoin and I will teach my children about Bitcoin too, i strongly believe that Bitcoin will bring me all I wanted in this life and it will also bring me a more comfortable life than anything else.

I don't think it's luck, because the majority of Bitcoin investors expect profits from Bitcoin investments since they see that Bitcoin has the potential to grow in the future - these investors believe that the more people adopt and trade Bitcoin, the more its value will increase. , and this will be able to give them the profit they expected. Moreover, Bitcoin has economics and reliability which makes many people trust their transactions to be completed using Bitcoin, and this will maintain the value of Bitcoin now and in the future, and if an investor believes in this, they can invest to gain profit from that price development.

1-2. It's not about luck, it's about believing on it's potential, once you fully understand it, you'll never doubt it. Seeing the price itself since it was released on the Blockchain is a solid proof that it is better investment than anything else.

3. I will hold it for a lifetime. I will keep on buying the dip using DCA or whenever I feel that it dumped so much on a certain support that's good for buying. I will never let any opportunity to slide when buying and hodling bitcoin because the profit in the long run is incomparable than storing your money in a bank.

i agree with you that profiting from BTC  is not luck a lot of people are finding it difficult to differentiate doing crypto and gambling and you can not use the same strategy to operate the two because they are different, and if you want to use the mind set of gambling to trade bitcoin then you will end up always losing money.  you should be able to differentiate between the two then you will know which step to take when addressing the two. and the time the person use in looking for luck can be used to study and if you study and your understanding is clear then you do not need to pray for luck.

everything about bitcoin is always based on events so it is left for you to do your research and know the available and the nearest event to know how to make use of it,  and people earning while investing or even trading bitcoin so everything lies on understanding.

You're right man I think those people who invested in bitcoin without a target they can only profit from bitcoin when luck is on their side,but there are some people who planned very well before investing in bitcoin,they might decide to make a long term investment with it,just imagine making investment in bitcoin when it has no value and you're patient to reserve it till this time.i think you're profiting from the long term investment you made not been lucky to profit from bitcoin either.

Clearly, BTC holders have to endure a lot of pressure and difficulties to make a profit from the price increase of BTC: the market downturn, FUD, whale manipulation, consumer demand in life... I also think that saying "BTC holders only profit from luck" is an act of denying all their efforts in researching and following this market.

Perhaps BTC holders are not lucky people, they are people who have the right faith in the development potential of BTC!

I know right hahaha believe me bro till I die or at least till everyone in this forum die people who hate bitcoin will keep coming with bunch of reason from unreal asset, gambling and shady related, pollution and etc.
But inline with people who hate it there are also people who believe it, and the proof is the big investment companies and even a single nation start to believe in it. So keep hodl keep profit guys


The market is unpredictable bro buy yes I agree with you the BTC is still somehow predict with fundamental analysis and Technical analysis small portion of luck like I said earlier is very true in my opinion, and yes if you relying on luck 100% don't trade just do gamble right hahaha.

Everyone has the right to make their own decisions, but I find it strange that so many people can hate BTC for 5-10 years. This seems to be even deeper than love in reality. If BTC is worthless, they should ignore it and focus on things that are important to them instead of continuing to hate and attack BTC on the internet. It seems to me that I can see regret in their criticism.

BTC holders don't need to care about such things, we are "lucky" to have chosen a truly valuable asset. We should consider criticism as the cry of the envious!

Hahah I know right even bitcoin already proven itself from the day its launch 2009 to till this date but somehow some people is closing their eye

Despite you cant predict when to make profit in bitcoin this doesn't mean that getting profit in bitcoin is luck.  The profit from Bitcoin is real and not luck just that people can't really predict when to get it. Profit in bitcoin can be gotten when people hodl , this is for sure. If you want to get profit just hodl and you definitely get it , this not luck. Their is a strategy to make profit in bitcoin, just hodl and you will gain profit for sure. Discipline and patience will always give one profit.

    Even if I never thought that when I had a bitcoin profit, it was just luck, that's not true. Because having bitcoin is not a joke, it is equivalent to having gold, which is not easy to get,
and when you have it, you need to hold it for a long time so that you have a good future waiting for you or your loved ones.

    Because having a bitcoin is not a matter of luck; instead, you are something else. That's the only way to see why it's important to have a bitcoin for the future.

profiting from BTC is not a luck, you invest your money in it. You know the right time to buy and sell. if you don't invest in BTC and you are profitable from it, then you can now say is luck, but as long as you invest your finances in it. there must be good returns from the investment so is not luck. we all know without investing in BTC there will be no profitable outcome, just know when to buy that is it.

It is indeed not easy to know when the price of Bitcoin will rise and be able to make a profit from holding a number of Bitcoins and to be able to analyze it well of course we have to be able to know when is the right time to be able to buy it and sell when it increases as someone said. that making a profit from Bitcoin is not luck, it requires good knowledge to be able to make a profit and everyone has a different strategy for making a profit on Bitcoin and mostly I see those who hold for a long period of time will be able to make a profit from holding their Bitcoin and of course they continue to collect it and will not be affected by the price drop.

I can agree with you on that but can you mention who does such stupid things, because for the all retail investors they were not get the concept of the Bitcoin in the early days so they created many hating narratives but with the passage of time they realized and made them familiar with the Bitcoin.

Some people still dare to talk shit about Bitcoin and these are not idiots, they are very clever if you are pointing some crypto celebs or some institutional powers they are doing so with their will to shake the market for their hidden agendas. If you are posting the regular media it also falls under the same agenda, for the ground reality people don't hate BTC, but they do regret missing it out but still accumulating who are familiar with the market somehow.

Sure, crypto market will be always unpredictable although we can learn from the history.
I can agree that BTC future can be analyzed through technical and fundamental aspects. We do it by doing a deep research as well. It is a serious effort, we don't rely on the luck only. Even the luck factor cannot be separated, but it won't work like in gambling. You're very true that just do gamble if we want to rely on the luck 100%.

Of course, the profit is real. No one wants to hold BTC if the profit isn't real.  ;D
Indeed. People hold Bitcoin because they believe in Bitcoin future. They don't believe it suddenly, it must be through a process and a big reason. People must learn how the potential of Bitcoin, people also do analysis and research before they buy Bitcoin. People also need to understand the cycle of bearish-bullish. It is important to know when the time for entry and exit. So, people do serious efforts, people don't only rely on the luck like in gambling.

Making money by investing in Bitcoin is not something we need to see as long. There are many people that have pass the same part and have lost funds because they are not so lucky to have invested there Bitcoin when the price of Bitcoin was falling going to the bear season. We need to make the right investment at the right time so that we don't incur loses for nothing. Since we can make or lose money investing in Bitcoin then we should see it as luck.

This is not gambling that we could be lucky to win and be lucky to lose which could be based on a 50:50 ratio. There are investors in the market that have incurred loses this very time that profits. We all just have to check the pattern which we are entering the market and involving ourselves in cryptocurrency investments.

1. How will I regard Bitcoin investment profits as luck whereby I make a move for it, I understand how the market works by knowing when to invest during the bearish and when to sell during the bull run.

I can't know all this and still address my profits in bitcoin as being luck

2. I have heard of what it has done in the past ''making millions of people millionaires'' and it is still making millions of people millionaires up to date, you can add me as one of them soon(during the bull run).

3. Till 2025. Although I will sell some part of my bitcoin and hodl the rest until when I feel like selling again(that doesn't stop me from accumulating Bitcoin at a low price)

The only time i will consider myself lucky is if i had received at least 1 btc
out of nowhere ;D

investments are risky because it involves money
time and effort it might not be considered as hard word for others but it
certainly involves a lot of work which is something you can’t just use the word ‘luck’ for.

things we work hard for shouldn’t be dismissed as luck as it diminishes
all our efforts to learn and properly analyze in the crypto market

It's very simple, they do it to get attention because they know Bitcoin and cryptocurrencies are the most popular trend around the globe, and even if they criticize Bitcoin and show hatred towards it, people will give them attention and that is all they want. Their goals won't be achieved if we don't give them any attention and keep talking about them. If we keep doing that, they will never stop.

They can't ignore Bitcoin, that's a fact, and this is the reason why they keep talking about it here and there even if they say negative things. What I think is they might say bad things in the public, but they must also be investing in Bitcoin secretly.

This is what I believe and this is why I never trust people who constantly talk bad about bitcoin in the media. To me, they intentionally spread bad rumors about bitcoin because they don't want people to compete with them about bitcoin, they don't want to share this wealth with too many people. They badmouth bitcoin every day to keep people away from it but they will silently buy bitcoin.

If I remember correctly, Larry Fink or Michael Saylor were also people who spoke ill and despised bitcoin many years ago, but currently they are the people who own the most bitcoins. So don't spend too much time criticizing or laughing at them because in the end, they are the ones who own more bitcoin than us.

in this day and age having Bitcoin you are really something else, to be honest, is it like you are big time, of course when you say you have Bitcoin, others who have an idea for bitcoin will immediately think that you are a big time person because the price is high by Bitcoin, you know what that means.

So having bitcoin is not picked up, rather it is really hard work, and you have to work, so how can you think that having Bitcoin is just luck, it takes effort.

Bear market is a plant seed.
Bull market is a full grown tree.
You plant the seed first to grow the tree.
Right now is a bear market before the Bitcoin halving. Plant your seed now by investing your money.
;D

When it comes to investing it has nothing to do with luck , investing we need to follow principles to make profit. If it is trading maybe luck can be involved in it but investing principles needs to be followed. Investing it is impossible to make good profit without holding. Hodling is just the strategy of making profit , I know some beginners might have entered the market thinking profit can be gained by luck. If you depend on luck to make profit in bitcoin one might likely lose everything.

One of the richest people in the world today is Elon Musk, one of his famous quotes, I sometimes think that he said I worked 17 to 20 hours a day, I worked seven days a week, I worked 30 days a month, yet people say I'm lucky. I actually find a lot of similarities with his words, but if we try to match investments with his words, the issue is the same. After investing, market dumping happens, still you have to be patient and hold the investment, even if you need money after investing, at that time you have to manage the money in a different way to hold your investment, many times wrong news misleads us and then we have to hold the investment. After all this when you invest and get success then people say you are lucky. Always stick to your decision without taking too seriously what people say. You don't care if people call you lucky because you yourself know how hard you worked to get to this point.

You know, that's the sad reality we have here. Most newbies rely upon their investment with their luck, they put the money with their investment and think that the outcome of their investment depends solely on that. If they don't earn any profit, they are out of luck, and if they earn, they are lucky.

They treat investment as the same as gambling. Mostly this happens to those investors who have only heard that they should start investing in Bitcoin to earn money. Without knowing the risk and how they can really make money by investing. In the end, they will decide to sell their investment as they don't see any growth with the money they put as their initial investment.

If they treat their investment as gambling, we can not consider them as investors but they are actually speculators in this market only.

They have money and they spent it to buy Bitcoin but they don't plan to stay in this market for a long time, don't plan to hold their bitcoin too long. What they thought before spending money is profit. They believe buying bitcoin will help them to get profit, get rich, quickly. They believe they can exit the market quickly after entry because of positive speculation on uptrend.

Worse they can use leverages to maximize their profit but leverages bring bigger risk, not bigger profit.

This is  not gambling , this is investing and bitcoin is also a currency so lets not fall into that stupid Idea that you are lucky to earn from bitcoin because this is a choice lol.
and another thing is that you have a chance to choose and study not like in gambling that you need to just sit, put your bet and look for your luck.

I have learned about Bitcoin and the advantage of investing into Bitcoin and I intend to hold the small Bitcoin I have for a long time, most of the time, I feel so tempted to sell and spend the money on my school dues and if  I sell without much profit, there's no way I will be able to archive significant profit when the bull market have reach the crown. I believe that for one to make profit in Bitcoin, it takes a lot of patients by the investor. Anyone that can not be patient can not gain big profit from Bitcoin.

It isn’t just luck. Luck has its role to play but there’s a lot of things you have to do to qualify being lucky. You can’t invest and take your money out the next day when there is a dip and say it’s bad luck. But you can hope to hodl so Bitcoin breaks ATH and luckily it happens faster than you expected. It takes courage to take on the risk (even if Bitcoin isn’t as volatile as some altcoins, it is still volatile).

There are those who see their investments as gambling and act this way in the market. They see the market as gambling because they don't understand the mechanics of the market and what their investments are. This means that they are not doing what they should be doing in risk management and investing.

Each investor may have their own methods. There are many people in the market with different perspectives. So there will always be this diversity.

People treating Bitcoin like a casino are reckless gamblers, not investors. They're obsessed with getting rich soon and ignore good play and long-term strategy. Just a loser's game. Buying in to sell high the next day doesnt build wealth. How you go broke.

I understand the appeal of large profits. But leveraging for big wins? Foolishness, not knowledge. You might get lucky once or twice, but the odds are against you. For every sudden millionaire, thousands suffer. People, leverage is dangerous. It destroyed as readily as it built, turning a bad bet into a financial nightmare.

Knowledge and patience are key to success in any market. Technology, trends, and hazards must be understood. Homework and a personalized plan are key. These are the winning tactics that yield long-term outcomes.

You planned before you started to invest into Bitcoin and didn't mistakenly buy Bitcoin. If you were gifted the Bitcoin that you're currently holding, it didn't just happen but you deciding to hodl because you know the profits that you can get from Hodling and not selling the Bitcoin. Many investors have sold their Bitcoin because of one reason and they won't be making profits from Bitcoin again unless they buy back their sold Bitcoin. Investing in Bitcoin and making profits can't be by luck or everyone would had being having that luck and would had made plenty profits already. You decided to buy Bitcoin and decide to keep it in a safe place now you're making profits for taking the right decision and you think it's just luck, no it's your decisions that's rewarding you for making a correct decision.

Maybe from fate, maybe not.
We know Bitcoin is a powerful asset and it requires patience and long time to make profit from it. Those who buy and hold bitcoins do so for a long period of time, after reaching their specific goals, they sell their holdings and profit from it.

To be honest I have fully committed myself to Bitcoin investing not too long ago just a few years ago. Since then I have been continuously investing in Bitcoin (called DCA). But I sometimes sell some of my bitcoins and spend it on other things. It was one of the most successful jobs of my life. Yes I believe in BTC and that will help me hold it for a long time. I believe in bitcoin because I have made good profits in short time investment with this bitcoin which I have not been able to do with any other coin before. Maybe Bitcoin is one of the best or smart investment coins for investors.

See, everyone has a different plan for their Bitcoin holdings or invested Bitcoins. Some plan to hold their Bitcoin holdings for two years, four years, five years, eight years, or even ten years. I think it's a personal matter for everyone how long they want to hold their bitcoins based on their ability. When we invest in Bitcoin we need to focus on a specific goal. We need to maintain our investments accordingly to reach our goals. As I am now using DCA for regular bitcoin investment my plan to hold bitcoin is long term but I can't say exactly how long I will hold it. But my plan is to sell my holdings or invested bitcoins when the price of bitcoins touch $300k dollars.

Your investment journey is carefully calculated!
Investors in BTC, especially BTC holders, have experienced strong emotions, both positive and negative. They have had to make difficult decisions that directly affect their BTC account and strategy, and it is clear that the profit for them is extremely well-deserved. If they are lucky, it is only because they were lucky enough to know about BTC and choose to believe in its future.

You are currently still choosing to hold BTC until your target, and others can also choose this lucky opportunity to buy BTC at 70K USD, and then be lucky enough to sell BTC at 300K USD to be lucky enough to get profit from BTC. If they had to make this difficult choice, they would no longer say that the profit of BTC holders is just luck!

I also do not agree that holding BTC since long time and now being on profit its not luck at all
as most of people sell for daily needs and those who are holding ofc that will be on profit soon or latter
Im also HOLD till  next 10-15 years

The beauty of Bitcoin is that if you believe in it, you can only profit over time.  If you jump in just to make money, you usually buy the top and sell at a loss.  With even a few minutes of research you should be able to identify the price cycle and if you have any sense and patience, it should be extremely easy to profit from Bitcoin.  It's literally the most simple asset to trade I've ever seen.

Obviously, little wonder why it’s viewed by most for a get rich quick innovation. That’s because, some of the guys that were hooked up early eventually found themselves in a moonshine with later adopters hoping for the same and ignoring the time it took and having to be a genesis player to what you never knew (for some) could be this important.

Most of it is already mined but the adoption of it is still very minimal which means, the in circulation would continue to create value and that is where buying where you find it would make a lot of sense. Meanwhile, you treat it for an asset by not selling just because of the least profit or you hope to realize what you can of it. It’s an asset of the time and if any one treats it more like it, that’s someone that is sure to see it’s dividends.

I explained enough already in my reply. It isn’t just luck; because you have to make a move for there to be a luck which can work in your favour. Not everyone makes that move. And for those who do, if you invest and the next day Bitcoin is 2x the price, we can say that you got lucky the gain came faster than it usually would. That’s the only luck there is to me, but investing is definitely one’s choice.

Some people treat investing in Bitcoin as a form of speculation where they hope to make a quick profit. While this approach can be profitable in the short term, it also comes with significant risks, especially when using leverages to maximize profits. It has shown over years that hodling is the best and savest way to maximize you Bitcoin investment profits. As with any investment, its important to have a well-thought-out strategy and to be aware of the potential risks involved.

I believe when you enter any investment, it still requires some kind of luck. But having knowledge and patience are generally the factors to make your investment works. You need to take risk to create future gains, and it’s not just simply luck, but being brave and being determined to reach your goal in your investment mold your great motivation when you are in an investment.

I don't think investing is an easy process, even if the chosen asset is BTC. If we look back at the history of the BTC price chart, everything seems simple for investors to hold BTC, but in reality, they have to endure a lot of pressure from both losses and profits. The evidence is that many BTC investors also have to suffer losses, rather than the majority who have made profits. Even when we believe that BTC has its own properties, BTC has unusual behaviors such as BTC creating ATH before halving, which makes investors skeptical and worried about this uptrend.

So I believe that investing in BTC is a difficult strategy and requires a lot of effort, both financially and emotionally!

Every investor starts his investment with a plan to earn profit by investing in Bitcoin but due to lack of patience and not being able to hold for the right time, many investors sell his investment at loss instead of profit. Since our objective is to make profit and we are investing with money risk, we must be patient and not get excited. Some investors think that they have invested and as soon as they invest, they will earn profits, but they are completely wrong. Of course we will have to wait until the time comes to make a profit. After making the investment, the market may rise a little, without paying much attention to the fact that the investment should be retained, so that if the investor can retain his investment for the right time, he will definitely earn a profit from the investment.

You are right, those who start to invest of course expect profits from the investments they make and greed will always make someone unable to make a profit from their investment. They cannot know the right time to make a profit and also cannot hold back. long period of time due to not having the patience to hold their Bitcoins.

If there are those who think that investing in Bitcoin will be able to get profits quickly, of course they have the wrong understanding of their investment so they cannot carry out the investment correctly, but if they have a good understanding of this investment, of course they will be able to make a profit.

Investing in science is a must hold because Bitcoin will never pay big profits in a short period of time. Bitcoin profit never depends on luck because its price goes up and down constantly and we know that Bitcoin is successfully completing the 4 year cycle. We are afraid to hold Bitcoin long term even though we know it is our failure. If you want to make a big profit from Bitcoin, you have to be patient. People who panic quickly often sell Bitcoin at a loss and give bad comments about Bitcoin. again they regret it later when they see that the price of Bitcoin exceeds their target

Let me say I partially agree with your statement in the sense that after a while (fewer years to now), people are now seeing the sense and tradition in Bitcoin which attracts them to invest in it. This is why I agree with you, and the fact that Bitcoin is an asset. Not only that, it is the asset that has found itself in the mainstream of the financial market. It can't be luck again with some people, but for some, it could still be, because some people are only doing things they see others doing. That aside, for those who are professional about it after its relevance, Bitcoin has its very predictable season and I have never seen an asset that is easy to earn from better than Bitcoin. So a calculated plan can easily make investors earn from it.

But I do not agree if we look way back when Bitcoin was just created. Those who invested then took a huge risk whether you like it or not, and it is a situation of unbelievable/unexpected things becoming a reality. For those people, they are indeed lucky, they only gambled on what they knew little or nothing about, a thing that is just irrelevant to society and the financial market. You guys may idolise them as better investors, but I don't. I only see them as those who took a high risk and were lucky with it.

This is certainly not professionalism at work the way you make it generally look, and that's what I am trying to clear here.

I like your opinion, it seems that we are always in the middle of everything: success with BTC investment includes both luck and determination.

Early market participants may have been really lucky to know BTC and put a small amount of money into the market, while others have had to use a lot of experience and knowledge to make the decision to invest in BTC in the past few years while accepting to buy BTC at a higher price.

Similarly, at present, BTC is priced at around 70K USD, investors will not only rely on luck to find profit from the price increase of BTC to 1M USD in the future. Everything will come from the most careful calculations to balance opportunity and risk.

Luck is born after we take actions that dare to take risks and also have knowledge even if only a little, people who dare to do anything and believe in their imagination will be very likely to get luck in their lives, and yes it is not wrong for people to say that he is a lucky bitcoin holder because he wants to learn and take risks to invest in bitcoin.

Yes I hold BTC a little and I think it's enough for the current situation to invest in bitcoin, this is based on knowledge, experience, courage and also confidence, of course it will provide more opportunities for us to believe in bitcoin and keep holding it.
I plan to feel more profit than I expected and can be bought back in bitcoin when the price of bitcoin is in decline or the usual bearish season is much more perfect in collecting bitcoin and continuing to invest even though it does not hold in the long term but can multiply bitcoin ownership.

What happened to all of your posts from the time your account was created on 12th December 2017 and 24th January 2024? Your post history starts on 25th January 2024 and your are still a Member rank in all those years.

Why did you delete your post history?

Do you realise this will raise many question for any member that will start looking in to your account activity and start wondering why you took those steps?

Back on topic, if you have BTC and your are going to hold it is your decision. A rational choice for other people could a different decision.

Every hodlers knew that whenever you hodl your BTC till the massive bull run arrive, you will going to earn good profits from the market which is the simple strategy many people are using to earn profits every seaon but not by luck because, they know that profit will surely come during the bull run.

There is no way you will involve patience in your BTC hodling and your dreams will not come to pass in the future by waiting for the price of your choice to occur before you can take a bold action to free the BTC from your wallet to cash out your profits.

Look, the big wins happen when you take smart risks. We give you Bitcoin. Smart move to take advantage of dips and hold for the long term. Think like a pro, think like the best. A lot of folks talk about Bitcoin, but you're making the moves, building something. And trust me, I like that.

Its not enough to just have a coin, okay? It has to do with seeing the future and having faith in technology. Its a different game now that you're after long-term wealth that changes things. Do not let anyone tell you its just "luck." Keep learning and staying smart. You're smart, and it will pay off big time.

I think success comes from wise decision-making and a bit of luck when an investor has chosen a truly valuable asset like BTC. I also admire investors who have held BTC for the long term and have made a profit, they deserve to profit for that belief!

I rarely answer questions that are not related to the topic, but since you are really interested, I will explain a little: I created an account in 2017 but did not participate in investing or activities on the Bitcointalk forum (I have only been active on Bitcointalk for nearly 2 days), I often participate in a few other crypto forums. Recently I returned to DCA BTC and have more time for the market, the profit from DCA BTC makes me want to be more positive and want to share my opinions on Bitcointalk. I can assure you that all of my posts still exist  :)

You are lucky if you invest early in bitcoin, simply because it’s a smart choice of investment that creates highest ROI compared to other investments. At the same time, you know you invest from your acquired knowledge and extensive research and study, so all I can say I am more lucky with bitcoin as my choice of investment.

I have also my fair share of bitcoin investments which I am still hodling until now, and until I don’t reach my desired target selling price, then selling my bitcoin will never cross my mind.

To be honest if we talk about luck or not we will always think about the same thing about bitcoin when the price drops or is in bearish season, "whether the price of bitcoin will return or not" there are many mixed emotions that can affect everyone in making decisions to invest in bitcoin.
Do people who used to be when the price of bitcoin was only $1 would think that bitcoin could be $1000 even $70,000 per piece, that's where I found confidence about bitcoin, that when you feel it's impossible but if supported by economic math that no one can see you will find the answer about bitcoin.
Thankfully if you have bitcoin, you are one of the people who have hope in the future for the better.

Profiting from bitcoin at this point is an obvious choice, and a rational one at that. We have over a decade of data to reference from with our decisions as to whether to put in some money in bitcoin or not. We also know how the market works, and with all these information combined, we are somewhat not blind with the possible scenarios when we invest in bitcoin.

I'd probably hold bitcoin for a long time, or until I'm not capable of holding it. It just brings a lot of financial gains to those who hold it and believe in it at this point that I think luck doesn't really affect it anymore.

Despite the bullish candles formed, some investors have decided to hold bitcoin because they have stronger minds and beliefs for the project to surpassed $100k this current year. I've set my strategy to make entries on portable spot and not in a rush that will certainly make us unbalance in the system. Bitcoin have taught me to be patient in the space, I'm not relenting but tendering my full focused and energy on this particular project because it's the top ranking in the market. It seems difficult to profits from bitcoin at this present time, we've watch alot going through and witnessing the dump moved of the project.

I also think that luck is only a part of success. The continuous increase of BTC price can be observed on the price chart, but the pressures during the crypto winter when BTC price -80% or in the uptrend when BTC price +1000% are really not easy to endure and make the decision to continue holding BTC in the long term. Belief does not come out of thin air, it comes from understanding the economy - the state of inflation - investment trends in the market. Assuming we will have 1 BTC = 1M USD in the future, not everyone will be ready to accept the luck of being able to buy BTC at the current price of 70K USD :)

When investing in bitcoin, knowledge and experience are the two biggest factors that bring us to success, but we should not deny the role of luck. If during your investment process, you do not encounter any impacts from the external environment such as emergencies, accidents, urgent need of money...I bet that no matter how talented you are, you cannot calculate the unexpected things in life. So, if you are not experiencing any of the problems I just mentioned then you are clearly lucky.

Luck is always present in our lives but it is invisible and many people do not believe in it but think that they are successful because they are talented. But if you have a great plan, you are smart, talented but you encounter failure in life, I bet you will blame your fate, you will never believe that you are incompetent. Life is interesting, when people succeed, they always admit they are talented, but when they fail, they always blame unfair fate.

Yes it's possible, the basic premise will be similar to what happened in the past when the price of bitcoin was at $1, some even made it into a pizza pan instead of so many bitcoins.

And I think if someone is still holding on that day until the price increase is now, it's called lucky, because there is no previous learning that can be learned by previous people who bought bitcoin, maybe today we can learn about inflation and such that can be directly linked to the increase in the price of bitcoin and I think it's no longer talking about profit for the present, but like an investor who already knows where to move with bitcoin.

Bitcoin investment is more than just luck, sufficient knowledge and the ability to analyze the market well are a must. Otherwise, you will end up investing like gambling, wherein you lose more, more than the profits you’ve gained. But if you invest in bitcoin because you have faith in it and that you plan to invest for long term and not expecting for quick profits, then you are doing the right thing. While bitcoin investment involves a higher risk, but you can always manage or even lessen its risk if you are knowledgeable enough on the type of investment you are entering.

However, it’s undeniable that we also need luck at some point for our investment to work and prosper. It’s just that having the right decision making and more logical thinking are more crucial than just having luck.

Gamble and strong investment are different. No slot machine, Bitcoin. I constantly bring market research and in-depth knowledge. That determines game winners. Timing counts, but labeling it "luck" insults smart investors.

Thinking "luck" gets you anyplace is a lousy strategy. Make deliberate decisions, realize the risks, and have the bravery to stay strong while others panic. Bitcoin's volatility is its nature. However, those who see this technology's promise will succeed. Stop talking about luck. Focus on knowledge, strategy, and vision to influence the financial future.

To be honest, if I had bought BTC when 1 BTC = 1 USD, I would have also sold BTC when 1 BTC = 100 USD! I really admire those who can hold BTC for a whole decade regardless of the huge profits BTC has brought them. Their profit tolerance is admirable! If they happened to forget and then find their account information, that would be really lucky!

Now, when BTC is accepted, we understand more about the economy and that inflation cannot be stopped, we can trust BTC more but I am not sure that anyone can all-in on BTC and wait for BTC to reach 1M USD in the future. Similar to Saylor, I think Saylor can say that he is profitable from BTC because he is talented, not just lucky!

I want to know your opinion on the success of BTC holders:

• Is the profit of BTC holders just from luck?
• Are you a BTC holder? What makes you keep believing and holding BTC?
• When will you hold BTC until?

[/quote]

In this life, I don't believe in coincidence. Things happen for a particular purpose. Money have past concurrent series of evolution boiling down to the present day digital currency.

The evolution of money can be dated down to when people exchanged goods for goods; which is referred to as barter exchange. To limit the barter exchange, money exchange got to the stage of  commodity money, were exchange were done with commodities like cowrie shells, salts, animals etc. As the society advanced the need to produce coins as a means of exchange emerged. While coins were effective, it was a lot of burden to carry large amounts of metal around. This gave rise to the concept of paper money. As economies expanded and grew, trade became more complex. Banks emerged and provided services such as lending, taking deposits, and safe storage of money. The 20th century saw the introduction of digital payment systems like debit cards and electronic banking.
In recent times, we’ve been introduced to a new era of money – digital currency, of which Bitcoin is the most popular.

Nothing happens for nothing.

Bitcoin is a revolution that can't be stopped;
The only thing  capable of challenging the existence of Bitcoin is time. Ones there's time the existence of Bitcoin is infinite.

Definitely, this is how the Market works, and not everyone would profit from the market reason being that everyone is not doing the same thing in the market, so this actually depends on your activity in the market, basically time of Buying and selling, some people profit while some lose, it is just like a game, know the rule, and you play by the rules, definitely you will win, which balls down to buy when the market is bleeding, hodl and take profit when the market is very greenish, this way you will be part of investors they call diamond hands.

Hmm, that's convenient to explain.
 
I think the term "luck" is not appropriate for Bitcoin investment. Bitcoin investment is a process in which you have to put in step wise efforts, like first gaining knowledge and experience and then using it under a strategy. So then investment in Bitcoin can give you a result, if your Knowledge, Experience and Strategy were good, then you can get a good return; otherwise, not otherwise. 
 
So if we look at all these aspects, Bitcion does not fall into the investment luck category. In luck, you don't need knowledge, experience, or strategy. Luck is just gifted by God, even if you don't do anything, whatever happens in luck will continue to meet you. So the investment in Bitcoin gave profit to the early people, meaning those who were strategic investors put their efforts according to the required criteria and kept waiting just for results. So those who had luck got luck, and those who had effort got a different result and the fun is in the thing in which you get something with your hard work, there is no fun in the thing that you get by luck. Go without any effort.

Profiting from bitcoin is always an outcome of patience and emotional control. No one got profits with luck, everything is earned through long term hodling. If you are here for luck, you are not actually investing for real, but you are gambling on your investment. Profits are made through rational choice and right decision making, and it will never be a product of luck.

Investment is a serious yet dangerous thing. If you invest without full knowledge and awareness on what you are investing, you might end up losing all your funds due to wrong mindset towards investing. That’s why it’s crucial to know more of your investment, rather than gambling with your investment. People who have greed to earn quick profits are not actually investing, but they are gambling instead since it’s impossible to gain profits if you are not wholeheartedly working on your investment to grow and prosper.

As you said, the profit from BTC comes from making accurate decisions at the right time to buy and sell wisely in order to acquire more tokens and then sell them at a higher price and make a profit. So, the investor must have been very lucky to have found an extremely effective trading method! Many traders have pursued this goal and some of them have succeeded, while I choose DCA during the crypto winter because the market is at the bottom longer than at the top, so I have more time to work, earn money and buy more BTC at a fairly cheap price. So my luck is having time and a stable income to invest in BTC.

In the past, many years ago, profit from Bitcoin investment is more likely from luck. Because with very low price in the past, people could simply buy bitcoins, consider it as experience, for fun, and even forgot that investment after 1 or some years.

Luck is when Bitcoin got bigger adoption, price soared and Og investors recalled about their investment in bitcoins, got access to their wallets, and unlock their fortune.

Nowadays, story is no longer like that. Investors nowadays have to be knowledgeable, disciplined with their investment in Bitcoin to get profit and rich. Luckiness plays less important role for nowadays Bitcoin investors.

Like Gold investors nowadays, we no longer call them as lucky investors. They invest with knowledge, strong belief and good discipline for purchasing and selling, taking profit and good capital, risk, security management.

I want to know your opinion on the success of BTC holders:

• Is the profit of BTC holders just from luck?
• Are you a BTC holder? What makes you keep believing and holding BTC?
• When will you hold BTC until?

Firstly,there's no such thing as luck,the term luck shouldn't be used in some situations.Luck is just a word that indolent and uneducated people carry along and rely on.Bitcoin is probabilistic by nature,and whatever happens to any bitcoin holder is as a result of hard work,consistency and making or choosing the appropriate decisions that's suitable for you.

Secondly,I'm a bitcoin holder because strongly believe that bitcoin has great and tremendous potentials for the future,and its a good investment choice that I'll have to consider over and over again.

I intend to hold btc all the way because cryptocurrency has been on the rise in recent years, with Bitcoin being the first and most well-known digital currency.So the idea of holding my  Bitcoin will serve as a long term growth agenda for me,leading to a significant growth and profit along the line.

"Profiting" implies selling the BTC that you gather. One day it will be near impossible to purchase 1 BTC or 0.1 BTC. I intend to hold the BTC I have forever, or until if selling it means I can retire and never have to work again.

Profiting from anything is pure luck. Early Bitcoin adaptors definitely took risk, but they had conviction in the coin itself and were rewarded for it.

Most people say that BTC investors profit from luck because they look at BTC's extremely impressive price chart over the past decade. They do not understand the difficulties that diamond hands have faced and overcome during that time. The same thing will happen again in 10 years. For example, when BTC reaches 1M USD, many people will also say that investors who bought BTC at a price below 100K USD are also very lucky. Sometimes it is just denial of other people's efforts and self-soothing regret for missing out on the opportunity to change their life thanks to BTC.

To me, such subjective judgments are not really important, and BTC investors don't care about luck. They know what they are doing and they believe in the results of those actions. The biggest luck may be that they were born in the crypto era and made the right decision to invest in BTC.

Those who often judge the success of others are lucky, it's simply that those people are jealous and envious, nothing more, nothing less. Frankly, no one has the kindness to praise or be happy when someone is richer than them, that is human nature. Maybe they will congratulate us in front of us, but they will certainly badmouth us, say that we are lucky behind our backs, they will never admit that we are better than them.

Just like me, I have made a lot of money from investing in bitcoin, my parents are the only people who are happy for me and proud of me, the rest are like relatives and neighbors... were all jealous and said I was working illegally to make money, LOL. If that isn't jealousy and envy then what is it? But I never care about what they say, because the people I need to care about are my parents, wife and children, not them, I live for me and my family, not for them.

I always respect those who have been able to hold onto Bitcoin since the early days, even if they didn't have much money at the start. I used to have some Bitcoin, but I sold it for living expenses, for fun, and to invest in other coins. I still made a good profit, but honestly, if I had kept the Bitcoin, I could have had more.

I believe that we are only responsible for our family and our investment, we don't need to care about negative comments from others. We can even tell them that "Luck is also a kind of ability" :)

Sometimes it is extremely difficult for some people to accept an acquaintance who suddenly becomes rich thanks to BTC while they themselves have known about it but have rejected the BTC opportunity. We should sympathize with them, because while we are profiting from BTC, they are experiencing negative emotions. Besides blaming themselves, they deny the efforts of others with the word "luck".

I think it would be great if they were willing to learn and become a BTC investor right now to have the opportunity with this booming market!

Profiting from Bitcoin is not by luck. What someone do not know or have knowledge on is bigger than the person. Profiting from Bitcoin is based on knowledge, awareness, and knowing the strategies involved in profiting making.

Holding and making profits from bitcoin investment is not easy, we have to face FUD, market dumping...and many other risks we have to face. So it can be said that making profits from investing in bitcoin is an arduous journey. But what about those people who bought bitcoin years ago, and they forgot about it for years and accidentally found their bitcoins recently? It can be called luck and many people accidentally become rich by buying btc and then accidentally forget about it for many years. So, depending on the case, there are people who try their best to make profits from bitcoin but there are also lucky people, although that percentage is a minority.

I think not only them, but if we were in their situation, we would also have difficulty accepting that truth and would also become jealous. As I said before, it is human nature and it lies deep within each of us. Greed, jealousy, selfishness are things that everyone has, the only difference is that each person will have different ways of controlling them.

If they really have that thought and the will to move forward, I believe they will not be jealous of us. I think those people won't spend time learning about bitcoin, they'll spend more time badmouthing us.

It is luck. Or just for the rich people who buyed it and just let it sit there

You're obviously new to the bitcoin space and have not learnt nothing yet but perhaps as time goes on you will learn.

If you had read through this thread from the page one to at least second page you would have found out that bitcoin investment isn't luck but it's a strategical investment that requires little skills to make it through such skills are high rate of patience.

In the first page of this thread there are images that could have just express the intention of the thread to you and you could clearly understand that bitcoin investment isn't a luck. But anyways are time goings on you will begin to learn.

Benefiting from hold Bitcoin is all about money. If the average or the poor masses could also afford Bitcoin and not seeking when they needed funds to take care of their bills, it would have been very easy for everyone and I don't think there would be people would will be trading their Bitcoin for fiat. We need to understand that many would have afforded to buy Bitcoin if they have the funds at hand without getting loan for it. Everything is not just normal and life is just too hard.

I think the root of these negative emotions comes from the need to change their lives for the better, and BTC can be a financial tool to help them do that. I don't give anyone investment advice, but if they want, they can learn about the crypto market or any other market, or simply focus on their field of expertise to earn more income to improve their life quality.

I believe in the good in everyone and that everyone can change their behavior when they have progress in their awareness. This topic is also created for that purpose, to explain to newcomers what diamond hands have been through and that profits don't just come from luck.

Bitcoin investment is not a luck based so most likely, you earn profits not definitely because you are lucky but because you are investing in the highly potential investment and you’ve made the right decision to invest in it. It’s far from gambling where luck seems to rule, but with bitcoin investment, it’s more on rational thinking and patience that helps you come out with massive profits in the end.

For those who have held BTC for the long term with reason, the profit is well deserved because they accepted the risk and believed in the future of BTC. For those who have just invested and made a profit, they have done their research and used their time and intelligence to choose BTC for their portfolio and then decided to hold it even when the market went through negative fluctuations.

I agree that all of those things come from the wise decisions of the investor, not just a lucky gamble of choosing a random crypto asset with unrealistic expectations like in a casino. Even now, many investors still choose altcoins over BTC because they think altcoins are better and will bring them bigger profits. They have sold BTC to buy altcoins and will not be able to get the long-term profit from BTC, they give up their own luck.

I think the success of BTC holders involves a mix of luck, timing, and strategy. Yes, I hold BTC because I believe in its long-term potential as a digital currency and its role in diversifying investments. My strategy is to hold onto it as a long-term investment, watching how it evolves and impacts the financial landscape. The decision of when to sell will depend on how it aligns with my financial goals and the market's dynamics.

Good point of view: investors can take the initiative in timing + strategy with their own understanding and experience, but luck is still an important part to ensure that their analysis and judgment is accurate with what is happening in the market. Hold is a rational action and investors often need a strong enough reason for technical analysis and confidence to hold to target. I am quite curious about the price target you think BTC can reach this season, or the price at which you will sell BTC to take profit.

Bitcoin income will not only support your luck, you will not be lucky, you must have your brain in your head, you must have practice.  If your uncle or your love doesn't work or if you don't act accordingly you can never succeed.  Like it's how you can never tell who you're with like the tide depends on luck in that case the stock market ruben depends on how far the stock market will go than bitcoin.  There are a lot of installs who are holding on to bitcoin for a long time for those who have been holding bitcoin for more and more bitcoin is going up if they start selling bitcoin then bitcoin will go down again.  So sometimes Bitcoin or your fortune sometimes depends on it.

I also think that right now, to invest and profit from BTC, luck is also important, but perhaps luck alone is not enough. Current investors may have to accept lower profits when holding for the long term, for example 10-20 years to see BTC go from 70K USD to 1M USD, or they need to learn about the market and make more decisions, buy and sell in cycles to optimize profits. Clearly, the first choice requires strong faith, while the second choice requires knowledge and experience with the crypto market, things that don't come out of thin air but have to be traded for with time and giant effort.

Interestingly, when I asked many traders, they all said that luck is also necessary, it helps investors to stop loss less, get more profit and have a better mentality throughout the investment journey. So, I don't turn down luck when it comes to my invetment :)