[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!

One who has the money to invest in Bitcoin $900 000 will not get rich by profiting only $500.

I mean getting loans from people, without interest(sure), then i can make 1 bitcoin in few minutes, then return the money to people, and my deal is success without risk ( as i will hold no more seconds. )

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[Jawhead999]

It's really easy to say it, but if you try it yourself... you'll learn what is Easier said than done. I can said, you're lucky while you buy bitcoin... the price will pump and you can sell it to gain a bit profit. Since the length between buy and sell is only a few seconds, it's called as trading.

The interesting news is here Day Trading Bitcoin: Why 95% of Traders Lose Money and Fail. Bitcoin price is very volatile, you should be careful about it. Trading without any analysis, management risk and only hope the price will increase... is very similar like gambling. Your chance is 50/50, either win or lose.

I mean getting loans from people, without interest(sure), then i can make 1 bitcoin in few minutes, then return the money to people, and my deal is success without risk ( as i will hold no more seconds. )

Wake up man, where you can get loans worth 900.000$ from people and without interest? LOL, cryptocurrency is very risky dude, I hope you think twice before taking loans from someone.

[fiulpro]

Considering you do have that much money to invest I do think you are already rich .

This is ofcourse a valid point but at the same time you do need to understand that you cannot predict what would happen the next instant , if accidentally the Bitcoins loose value , then the opposite would be true too , you can actually loose the same amount .

There are softwares that one can use to sell their Bitcoins when the price is on a certain point , some do send you notifications .

But one should understand that Bitcoins is not just about making you rich overnight, Its volatility does make make it a more easier and a more riskier asset to trade in but at the same time it comes with good returns which is attractive to a lot of Young traders .

Plus there is something that people should stop doing *Taking money from someone else to actually buy Bitcoins *
You can make a good profit and return them on time,but at the same time you might have to wait years . One cannot just put a tag on the next price .

I do think what you described can be taken as short term trading. You can get lucky once or twice but it does need a lot of practice at the same time it's more of an ART , this if you think you will continue to earn profit , you should think again .

One needs to be actively involved in the market , they do need to understand the meaning behind every news that comes related to the Bitcoins. At the same time people need to be ready to loose money too . Holding is an option if you still think you can make a lot of profit , but people who do miss the high have to wait for a long long time and that is why I said * do not take money from someone else * it might turn bad Preety fast.

It's a really hard job , one needs to be cautious, calculate everything really well . I do hope you can understand how hard it is to write it down in words and then use it practically.

[LogitechMouse]

A newbie in the house just spitting newbie information to different people here .

What you said was right but it needs a huge capital in order for that to happen. 100 BTC at around $9000 per BTC is already $900,000. If you are the one who bought that huge amount and you see that you've earned $1000, I believe that you will be wanting to have more profit and will wait more hoping that you will get some profit.

On the other hand, we know already that huge money in investing equals to a huge risk too. What if your bias doesn't happen?? If it goes down 10$ then it you will lose 1000$. I know your point but doing this kind of thing isn't easier as you are saying it. Not all have the capability to invest that huge amount of money lols.

[thesmallgod]

Well, what you have said is the truth and that is the reason why it is always good to invest with a large capital. However, you must know that if the reverse happen you will lose part of the money too and that is the reason why for any investment, risk is always involved. Another important point you should also take note that if you are trading with huge capital, it is very good you trade on platform with high traders for higher liquidity. With such platform, your order are  get filled easily.

[gidobeen]

Wake up man, where you can get loans worth 900.000$ from people and without interest?

Yes, agree you
But if you have many rich friends it won't be problem

[ReiMomo]

Lucky enough if everyone would have the same experience in the example you have provided but that would not be a guarantee.

We cannot predict the volatility of bitcoin, its price could change in a minute and if you just join in then the price fell down at the same time so you would lose everything in your portfolio really quick. On the other hand, some may get a chance to earn high in a short span of time but I am sure that profit will not make them rich because the volatility of bitcoin doesn't secure anyone on how and when it will give us the best time to earn high.

That being said not all investors are lucky to earn profit and get rich in the crypto world in as easy as 1, 2, 3 everyone must have enough knowledge, strategy, and most important is time.

[Russlenat]

Obviously you make profit in just a very short term

I see short term - need high capital and it's more safe
        long term  - any capital     + Not investing in
                                                   BTCBitcoin another coin like Pi that have good future

I don't believe in safe investment because everything in crypto when we are talking about investing is risky. So regardless of the strategy you have, either short term or long term, you can't guarantee that you'll make profit easily, if I may ask, have you made a profit already investing in a certain coin?

[gidobeen]

have you made a profit already investing in a certain coin?

I invested in forex long time ago- but in lose

[Alert31]

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!

Getting rich in bitcoin is just a matter of luck. Maybe if you buy bitcoin from the beginning when it was created or from 2009 then sold during the all time high at the end of 2018 then maybe you already riched man now. But if you say getting rich in just a seconds ,it's very impossible specially now.

[lyka]

As soon as a sufficient number of projects appeared in which altcoins compete for the right to have demand, luck was not the most important factor for the opportunity to get rich. Success was very important. Success is based not only on probabilities and luck, it is often a consequence of intention, intuition and intelligence. For Bitcoin, these opportunities closed after about 2012.

[pixie85]

Ever heard of trading O? Because you're acting like you hae not.

Many people make a living of such trades. They're called day traders and they buy, wait for a few minutes, sometimes a few hours and in the end of the day have a profit of $100 with a very small risk and capital usually like 20 thousand dollars or something. They do the same thing the next day and so on earning a few thousand every month. It's a normal job for them.

Some people even do arbitrage trading buying on one exchange and  selling on a different one to take advantage of the premium.

[drumamat]

 

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!

This is certainly cool, but do not forget that Bitcoin is still a high-risk asset and you can lose a lot instead of making money. Let's remember the last example that gave us all a lesson in the month of March.

[Kakmakr]

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.

I mean getting loans from people, without interest(sure), then i can make 1 bitcoin in few minutes, then return the money to people, and my deal is success without risk ( as i will hold no more seconds. )

Sure you might be able to loan some money from some friends, but do you want to risk your friendship on something that might not go up for months or even years? The last all-time-high was back in 2017... so who says after you loaned that money to buy bitcoins, the price would not drop and only recover in a few years from today?

A lot of people used their credit cards to buy bitcoins in 2017 and within hours the price dropped drastically, so much so that they had to sell at a massive loss, just to recover some money. My friend do not buy bitcoins with credit or loans, because it is not going to end well for you. 

[bitbollo]

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!

see the opposite.
buy 100 btc at 9000$ and price go down at 8990$, in a second you sold and you have lost around 1000$ + 500$ in fees.
Bitcoin is getting rich poor quickly?

I was in the same situation of gentlemand. I have bought my first coins in 2013-2014 (before the big hype of 2014) and just in few weeks I have seen btc value go literally to the moon. A lot of people have wasted a lot of money buying and selling coins during the worst period. Price have been very low for several months (years).
I have seen topic for helping people (avoid suicide) and other depressive stuff of people that are searching these "get quick rich scheme".
If you're taking part of this revolution with this mentality it's very easy lose a lot of money...

[supine]

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!

You made it sound so easy but we have to face reality and be more realistic here owning 100 BTC or even 10 is so damn hard for a normal person so how could they get rich quickly on your given example?
You also didn't put up the risk on doing this quick trades like it would always go up when we buy it things could also end up the other way so we should know more and give a realistic example and explanation to properly guide the newbies about crypto or Bitcoin.
If this is how you would present or teach newbie's on how to earn in crypto then I hope you haven't started recruiting others to invest because they could certainly lose their investment instead of earning here.

[davis196]

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!

Discuss what?I can't buy 100BTC even if I sell my house and my car.
If you buy 100BTC you will spend 900,000 USD and your profit will be less than 1000 USD.
Your profit will be less than 1% of your investment,so why should you care about such small profit.
If I could spend 900K USD on something,I would definitely buy some super fancy car and get some hot girls as my girlfriends.I wouldn't care about Bitcoin at all.
Why not getting a x100 margin credit on some cryptocurrency exchange platform,buy some BTC,wait for the price to go up and then pay off the margin credit and cash out the profit minus fees.
No crypto trading platform will give you 100BTC as a margin credit for leverage trading.

[iRaMMuS34]

You can get someprofit, but in case of Bitcoin it's as short-sided as it gets. BTC is more unpredictable than anything, and it's a matter of luck in many cases

[Twinkledoe]

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!

Discuss what?I can't buy 100BTC even if I sell my house and my car.
If you buy 100BTC you will spend 900,000 USD and your profit will be less than 1000 USD.
Your profit will be less than 1% of your investment,so why should you care about such small profit.
If I could spend 900K USD on something,I would definitely buy some super fancy car and get some hot girls as my girlfriends.I wouldn't care about Bitcoin at all.
Why not getting a x100 margin credit on some cryptocurrency exchange platform,buy some BTC,wait for the price to go up and then pay off the margin credit and cash out the profit minus fees.
No crypto trading platform will give you 100BTC as a margin credit for leverage trading.

LOL

I don't know if the OP even have that capability to buy such huge amount of btc. I don't think he will be here if he has a lot of money though. But if in case you have huge amount of money, you can really do short trading because the bitcoin's price changes so many times within 24 hrs, you just need to make sure that you are selling higher than what you bought it, and presto you have profit already within 24 hr period.

[Piston]

In fact, it would have been a lot of fun. When I first invested in bitcoin money, I was very excited. I bought $1k bitcoin at night. I bought $1K bitcoin. I slept at night and woke up in the morning to find $800 in my $1k bitcoin. The situation that happened then cannot be explained to me. I can't explain what happened then. I was very scared. Anyway, I like your calculations now. It would have been better if that was the case, but it takes a lot of money to do that now.