The Profits and the Bubbles

[sindikat]

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

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

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

[Victorycoin]

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

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

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

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

[Hald_ane]

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

[A1exander]

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

[audaciousbeing]

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

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

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

Are you mainly here for the profits?
 

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

[erre]

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

[goldade]

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

[hitlab]

On the other hand, we are seeing so many warnings that Bitcoin is the best candidate for a bubble that can soon pop leaving many holders with empty bags.

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

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

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

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

[Lucius]

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

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

[ropyu1978]

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

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

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

Are you mainly here for the profits?
 

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

[hatshepsut93]

Are you mainly here for the profits?
 

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

[crismass1225]

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

[SimonJones]

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

[Victorycoin]

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

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

[jostorres]

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

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

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

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

[gundala]

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

[valentin68]

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

[yugyug]

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

[orions.belt19]

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

[suvo05]

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

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

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

Are you mainly here for the profits?
 

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