[HOT]Bitcoin is getting rich quickly?

[gidobeen]

Let's give an example of you bought 100 BTC at 9000$ Price and the price went 9010$ in seconds then you sold, so your profit will be 1000$, may 500$ fees, but the another 500$ you made it profit in seconds!

Let's discuss at the point!

[gentlemand]

I got into Bitcoin just before the bubble of 2013. One week later it exploded and carried on exploding for weeks.

'Holy shit. This is incredible. It's like a money fountain. I am set, baby.'

After eight orgasmic weeks 2014 arrived and kicked my balls through the top of my head. I was in the red for the best part of three long and agonising years. It got there in the end. It sure as shit made me work for it.

[gidobeen]

I got into Bitcoin just before the bubble of 2013. One week later it exploded and carried on exploding for weeks.

'Holy shit. This is incredible. It's like a money fountain. I am set, baby.'

After eight orgasmic weeks 2014 arrived and kicked my balls through the top of my head. I was in the red for the best part of three long and agonising years. It got there in the end. It sure as shit made me work for it.

Can you specify more?, Dear friend

[qory]

You make wrong opinion and is not true when making bitcoin is getting rich quickly, I know many people become rich with bitcoin and altcoin but they need process and take time, most of them have lost much money because wrong investing and some time get profit on bigger investment coin, never give this words for new investor try to make bitcoin as getting quickly rich.

[gentlemand]

Can you specify more?, Dear friend

My darling, I have done all I can.

Getting rich quickly with Bitcoin is largely a matter of luck followed by the discipline to leave before it collapses again. I don't have a great deal of either.

Many people get the shit kicked out of them and have to stick it out to benefit on the other side.

[Yamifoud]

Let's give example of you bought 100 BTC at 9000$ Price and the price went 9010$ in seconds then you sold, so your profit will be 1000$, may 500$ fees, but the another 500$ you made it profit in seconds!

Let's discuss at the point!

That you are lucky enough that after buying the market just pumps and that was amazing since you'll think of selling it right away unlike the others who just hold and wait for a little more. May you will find it good at this time but don't get surprised that at some time you will experiences losses.

To tell you friend that, there is no instant making money in Bitcoin investment, it was just a lucky and in perfect time that the situation goes like that. And you should also be aware about the volatility and that it changes everything in every minute. That if you come into the trading when the market is already high, you're certainly got not perfect and profitable but if you started buying during the bear season, that we could expect a big gain in the coming days.

[jossiel]

This is applicable if you're a whale and you like the risk that you're taking. Having the 'getting rich quickly with bitcoin' mindset is likely to pull yourself down.

You can create your own strategy base from the example you have given and it can be done. But do invest the amount that you can afford to lose even with the slightest fluctuation, you might feel the greed and won't turn to sell.

[gidobeen]

To tell you friend that, there is no instant making money in Bitcoin investment, it was just a lucky and in perfect time that the situation goes like that. And you should also be aware about the volatility and that it changes everything in every minute. That if you come into the trading when the market is already high, you're certainly got not perfect and profitable but if you started buying during the bear season, that we could expect a big gain in the coming days.

But i see all the books of bitcoin pointers, it seems big business, if you're going to see luck, so you mean bitcoin converting from 9000$ to 100,000$

In the case it will be called luck. But if you track the price on any exchange you will see the price isn't stop, high - down - high - down

[pakhitheboss]

Let's give example of you bought 100 BTC at 9000$ Price and the price went 9010$ in seconds then you sold, so your profit will be 1000$, may 500$ fees, but the another 500$ you made it profit in seconds!

Let's discuss at the point!

Individuals like you when suffered losses would then blame Bitcoin and certify it as a Ponzi scheme. Bitcoin was never a quick rich money scheme. It has shown a significant growth through the years.

You cannot become rich by quoting your example, you can loose everything if the price dives back to 6k level, then you migh have to wait a year or so for it to again come back to 9k level.

[Russlenat]

Obviously you make profit in just a very short term, that's less than a minute in the example you given, however, you are only looking at one side of the coin here, investors will not find a risk in investing here if they don't believe they could also suffer a lose.

[Baofeng]

Let's give an example of you bought 100 BTC at 9000$ Price and the price went 9010$ in seconds then you sold, so your profit will be 1000$, may 500$ fees, but the another 500$ you made it profit in seconds!

Let's discuss at the point!

And then the price went to $3000 in 30 minutes, then you got nervous and then panic and you sold. My point is that bitcoin is very volatile asset, it's not that easy to make money, you can literally go from boom to bust. No one can even time the market to go on a "buy position" like the scenario you picture. Theoretically you are correct, but in practice it will not be always the case.

[Rengga Jati]

...

And unfortunately, I personally do not have the money to buy that much Bitcoin. So, it is only like a dream for me counting the profits.  

BTW, this is the calculation about getting profits from the Bitcoin.

Please remember that in the crypto world, there are Profit and Loss as the risk. If you can calculate the big amount of the profits, we can also calculate the similar big amount of the loss.

For example, someone bought 10 BTC on $9k, the price drops significantly like what happened in 2018. It always dropped and dropped every day, Waiting for the price to rise up and nothing happens. The asset drops -50%. And then, he felt so frustrated and stressed because his $90000 turns into only $45000.

From here, do you get the point?
the point is in the crypto world, there is always profits and loss as the risk. we cannot only expect too much on the profits, moreover, if we are newcomers in the crypto world, but we can also not only imagine and hope for the big profits only. For, the market is volatile. Although we may be able to hold the asset to turn higher again, not all people can do that because of some certain conditions. It means that sometimes, they will cut losses by selling at a low price.

We will be very happy about the profits, but, never forget the possibility of the loss in order to prepare ourselves, our mental, and also our financial if facing some unwilling condition.

[gidobeen]

...

And unfortunately, I personally do not have the money to buy that much Bitcoin. So, it is only like a dream for me counting the profits.  

BTW, this is the calculation about getting profits from the Bitcoin.

Please remember that in the crypto world, there are Profit and Loss as the risk. If you can calculate the big amount of the profits, we can also calculate the similar big amount of the loss.

For example, someone bought 10 BTC on $9k, the price drops significantly like what happened in 2018. It always dropped and dropped every day, Waiting for the price to rise up and nothing happens. The asset drops -50%. And then, he felt so frustrated and stressed because his $90000 turns into only $45000.

My intention is, in light of the Bitcoin events daily, it rarely happens in the day, and at the moment you buy this, you want to tell me that the 2018 event will repeat, then this will really be called a real trick, because the event is rare, and why it will happen in seconds my deal!

[jassbrow35]

I always thought to make money in crypto you have to hold and if everyone just held the bitcoin or altcoins they have and didn't sell the prices would jump but if someone sees they can sell just to make a buck they do so and causes the price to jump up and down and for most timing the market doesn't work out.

[Sirait]

Let's give an example of you bought 100 BTC at 9000$ Price and the price went 9010$ in seconds then you sold, so your profit will be 1000$, may 500$ fees, but the another 500$ you made it profit in seconds!

Let's discuss at the point!

it's true, if you have 100 BTC then the price goes up 0.1% then the profit can be huge, looks very simple but in fact, it's not that simple

when you have 100 BTC, greed will overwhelm you, if you are new to Bitcoin, you will have difficulty controlling yourself and then lose big

[Mahanton]

Let's give an example of you bought 100 BTC at 9000$ Price and the price went 9010$ in seconds then you sold, so your profit will be 1000$, may 500$ fees, but the another 500$ you made it profit in seconds!

Let's discuss at the point!

Easy to say but when you are the actual situation then do you really believe that it would really be that simple to make 1000 bucks ? I dont think so.If you do think up positively then it do really give out some positive boost into your emotions but when you do saw the price is declining and the market is gradually eating up your portfolio.? Can you assure that you wont panic or do make some panic sell? You cant really tell if you wont
experience it but making money is possible on every movement the market makes.It will just depend into your entry point which would really require analysis because if you do enter on the wrong timing then
expect for you to have high chances on negative profits and end up on holding for long time.

[kdahal05]

the fluctuation in price is high --- i used to think same --- anytime you buy, sell it when it's 100$ and buy again when 100$ down. But i learned bitcoin is most profitable and stress-free when you hold to sell it for 10x.

[gidobeen]

But i learned bitcoin is most profitable and stress-free when you hold to sell it for 10x.

Personally, I don't prefer long-term like waiting for 10x , because when it lose 10x,you will say yourself why i didn't sold at when my profit is 10k dollars for example, for the reason i prefer the more safe

[Anish_Rocky]

From my point of view, 100 Bitcoin investor never wish to sell their coins to gain only 500 USD profit. They can only gain maximum profits by holding their coins for future. No one can be rich in seconds. It will take time to get rich.

[Lucius]

Let's give an example of you bought 100 BTC at 9000$ Price and the price went 9010$ in seconds then you sold, so your profit will be 1000$, may 500$ fees, but the another 500$ you made it profit in seconds!

Let's discuss at the point!

One who has the money to invest in Bitcoin $900 000 will not get rich by profiting only $500, so I don’t see how anyone can get rich this way and why they would sell at all if price is change for only $10. But if someone invested $900k and bought 100 BTC, then selling at $10k would make a very nice profit of $100 000 which already makes some sense.

The bitcoinBTC that the most of day... not outting of 9000$ will go 6k in the moment of i buy?
This will be called really cheatting if that happend!

It’s a free market, supply and demand or call it whatever you want. There is always a risk with investing in something extremely volatile such as Bitcoin, but similar things can happen to you if you invest in stocks. You are investing in a stock today, and tomorrow some catastrophic news appears that practically destroys the company overnight and the shares fall sharply.

While it may not be a real comparison, take the example of Apple which in 2018 became a company worth $1 trillion, but shortly thereafter the value of the company was almost halved. Those who invested in those stocks at the time lost money unless they waited for the company to recover and reach the same or higher value again.