Yamifoud
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June 19, 2023, 10:45:30 AM |
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Investing in cryptocurrency has become a major reason behind many holders in the Crypto space , this is an undoubted reality. We all know that bitcoins has its various usecases but 80% of holders are profit driven. To me, I have come to understand that every holder cannot become rich at thesame time because their is no free money anywhere, when one user gets enough base on its smartness and well calculated strategy, another holder become a victim. This is something that happens In every other business. So the fact is that , success in investment is directly linked to smartness.
Just to draw the conclusion that Bitcoin investment is not for everyone. Because investing in Bitcoin is not just we buy this and then holding, we also have to be more strategic and learn how to analyze the market. As you have noticed, some got rich and some got also fail and this is because of different ways of investing I believe that those people who fail and lose their money in Bitcoin are those who never know what they are doing. A lot of people are having this situation and guess what, they always complain about the volatility of the market rather than adjust and adopt to the situation.
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knowngunman
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June 19, 2023, 11:01:03 AM |
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I interpret his meaning to be that 80% are driven solely by profit, while the remaining 20%, apart from hoping for future appreciation, are people interested in the technology, its fundamentals, or the role it can play in society. It is difficult to establish percentages based on intuition alone, but we know that there are many people who invest in bitcoin simply for profit, although I would say that bitcoin users know more about the technology and fundamentals than those who invest in altcoins.
No... Still the percentage ratio is too wide. The poster should have presume 99%-1‰ because the aim of every holder is to maximize profits. What's the essence of holding or accumulating in the first place if not gain? The poster however got it wrong attributing Bitcoin to other ponzi scheme by linking its success to smartness. The only smartness that can be associated with Bitcoin investment is knowing when to buy (i.e buying at the right time). The selling time can be determined by the holder whenever satisfied with the profit.
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Faisal2202
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June 19, 2023, 12:08:43 PM |
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Investing in cryptocurrency has become a major reason behind many holders in the Crypto space , this is an undoubted reality. We all know that bitcoins has its various usecases but 80% of holders are profit driven. To me, I have come to understand that every holder cannot become rich at thesame time because their is no free money anywhere, when one user gets enough base on its smartness and well calculated strategy, another holder become a victim. This is something that happens In every other business. So the fact is that , success in investment is directly linked to smartness.
Just like the five fingers are not equal, not everyone would be equally smart. If one is selling some tokens at a covering high profit and he knew the market will take a downtrend or if he is buying by knowing that the market will take another uptrend, then in both scenarios, there is a buyer and seller, who will bear the loss and will be proved less smart, but we do not have any right to judge anyone. And in the context of holding, no wonder, every holder makes a plan and set some profit and loss limits so that that holder could earn and lose only what he has expected and strategized but there are other holders whose expectations are higher than the previous one and he knew he would earn that much (more than the previous one). Success in every business is not only linked to smartness because sometimes you do need luck in bad situations which your smartness had not helped you to predict earlier. Because mistakes make you more experienced and tough.
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Hyphen(-)
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June 19, 2023, 12:43:13 PM |
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In every other business. So the fact is that , success in investment is directly linked to smartness.
Smartness does not always pay! Some people get lucky with cryptocurrency investments, but they are not as smart as they should be since they just invested, and then the coin inflated, and they made a tremendous profit, just like $pepe investors did a few months ago. However, any Bitcoin investor who is patient enough and keep holding their bitcoin will undoubtedly succeed, because holding your bitcoin patiently is smartness in my opinion.
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Jawhead999
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June 19, 2023, 01:27:48 PM |
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Some people lose and some people win are terms in trading, gambling or ponzi scheme. If you're invest Bitcoin for long term period, there's no one will lose because when people are keep buying Bitcoin, the price would be increase. Lose happen in investment when you sell your coins cheaper than you buy, if you keep holding during the dump season, it's an unrealized lose, not an actual lose.
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YUriy1991
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June 19, 2023, 04:42:47 PM |
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Investing in cryptocurrency has become a major reason behind many holders in the Crypto space , this is an undoubted reality. We all know that bitcoins has its various usecases but 80% of holders are profit driven.
Indeed, it is an undeniable fact that investing in cryptocurrencies has been a significant motivation for many crypto holders. Profit potential is the driving force behind the participation of most cryptocurrency holders. . In this space, Many Motivations arise where profit may be the main motivation for most cryptocurrency holders, However, there are various reasons to invest in cryptocurrencies. Some individuals may be attracted to the technological innovations and potential applications of blockchain technology, while others may be driven by a desire for financial independence, hedge against inflation, or support decentralized systems. Therefore, it is incorrect to assume that the only motivation of 80% of shareholders is profit. Well, if you look, there are some investors in the crypto space prioritizing long-term growth and wider adoption of cryptocurrencies over short-term gains. meaning They believe in the transformative potential of cryptocurrencies and are committed to supporting the development of a decentralized financial system. For these people, profits can be seen as a by-product rather than their sole investment goal. To me, I have come to understand that every holder cannot become rich at thesame time because their is no free money anywhere, when one user gets enough base on its smartness and well calculated strategy, another holder become a victim. This is something that happens In every other business. So the fact is that , success in investment is directly linked to smartness.
It may appear. Maybe like what you are saying, Thet certain individuals or institutions with greater resources and influence have an advantage in the market, thereby challenging small investors to achieve significant returns and looks like a potential unfairness in the investment landscape. However, don't forget that in the crypto market, even the most savvy investors can incur losses due to unexpected market fluctuations or external events if they occur at any time.
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imamusma
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June 19, 2023, 05:06:40 PM |
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In every other business. So the fact is that , success in investment is directly linked to smartness. Not only smartness, there are many other things that still need to be mentioned. Skills, knowledge, budget, opportunities and how you deal with your emotions and psychology also play an important role in success. You should also not forget about the security of your depository wallet during the investment plan, so everything is not as easy and simple as you think. Investors want profit, that is their main goal and every one of them. I'm not sure how to draw conclusions and percentage them in the market, but I agree investors and traders have a high percentage of those who use bitcoin as a means of payment.
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nlovric
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June 19, 2023, 06:15:48 PM |
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Some people lose and some people win are terms in trading, gambling or ponzi scheme. If you're invest Bitcoin for long term period, there's no one will lose because when people are keep buying Bitcoin, the price would be increase. Lose happen in investment when you sell your coins cheaper than you buy, if you keep holding during the dump season, it's an unrealized lose, not an actual lose.
Long term Bitcoin investments have the potential to be profitable but it is crucial to understand that like any other financial environment the cryptocurrency market has its hazards. While it is possible to profit from price gains if demand for Bitcoin increases a number of factors including market mood legislative changes and technological breakthroughs can affect its value. It is possible to avoid selling Bitcoin at a loss by holding onto it during a bear market but this does not ensure that the investment will ultimately produce a profit. Although the concept of unrealized loss recognises that the loss is not realised until the asset is sold it does not rule out the potential that a real loss may actually occur. In order to increase the likelihood of success in any market situation prudent investment techniques include thorough research diversification and risk management.
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Ndabagi01
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June 19, 2023, 08:39:39 PM |
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Investing in cryptocurrency has become a major reason behind many holders in the Crypto space , this is an undoubted reality. We all know that bitcoins has its various usecases but 80% of holders are profit driven. To me, I have come to understand that every holder cannot become rich at thesame time because their is no free money anywhere, when one user gets enough base on its smartness and well calculated strategy, another holder become a victim.
Why not attempt to be the wise one rather than the victim in order to amass all of the money? Not everyone is interested in crypto investments, but those who are can benefit greatly from it and make a lot of money if they understand its principle. This is something that happens In every other business. So the fact is that , success in investment is directly linked to smartness.
You don't need to be a genius to achieve this; simply buy some bitcoin and hold it for a while till it accumulates; after that, you'll have made a lot of money. Since not everyone has the foresight to invest, simply buy and hold.
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The Cryptovator
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June 19, 2023, 09:35:18 PM |
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Recently, our main focus has been on capitalizing on the volatility of Bitcoin, rather than recognizing its original purpose. Admittedly, we have viewed Bitcoin primarily as an investment opportunity. Although it remains uncertain who will ultimately benefit from this approach, many individuals have indeed profited significantly from Bitcoin, contributing to its status as the most renowned cryptocurrency worldwide.
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Asuspawer09
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June 19, 2023, 09:54:32 PM |
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Investing in cryptocurrency has become a major reason behind many holders in the Crypto space , this is an undoubted reality. We all know that bitcoins has its various usecases but 80% of holders are profit driven. To me, I have come to understand that every holder cannot become rich at thesame time because their is no free money anywhere, when one user gets enough base on its smartness and well calculated strategy, another holder become a victim. This is something that happens In every other business. So the fact is that , success in investment is directly linked to smartness.
I mean investments are made to make profits, and it's also the same in the cryptocurrency space we all invest in Bitcoin because we wanted to earn a good amount of profit. There are some who just want to gamble their money but at the same time, they want to earn a profit as well in investing and holding their BItcoin. There are surely going to be winners and losers in the market, that is just how the market circulates. There are times that your gonna need to sell or buy, it doesnt really matter as long as you sell your Bitcoin at a loss you're going to be the loser in the market, that money that you lose will be the profit of other investors. That is just the nature of cryptocurrency and the market, we can't change and doesnt have control over that, but what we can do about it is adapt to how the market works. Plan and strategies our entry and exit of our investments.
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Agbe
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June 19, 2023, 09:59:10 PM |
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Investment is meant to be profited, and any investment without Profit driven becomes charitable business. Everyone can be rich only in trading and not investment. In trading one man loss is another man profit. But in investment if they are good in patient and have faith in the investment for a long time of period. Definitely they would make it. In investment everyone is equal and the only different is the amount of money in each person wallet. I am trying to think if there is any smartness in investment but you can see smartness in trading.
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Alisha-k
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June 20, 2023, 07:40:55 AM |
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Bitcoin has several use cases, yes, but in all the use cases, profit is still the goal
I’ll explain, the initial intent of satoshi when he created bitcoin was to make it replace our traditional currencies
So people will no long transact in USD or GBP but in bitcoins
If that is done, blockchain charges you for gas fee which might be higher than using your traditional currency to transact
ETH network charges very high, that a transaction of $100 could cost you $250 as gas fee, ETH is getting richer while you’re on $150 deficit
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Kelvinid
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June 20, 2023, 12:44:40 PM |
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Some people lose and some people win are terms in trading, gambling or ponzi scheme. If you're invest Bitcoin for long term period, there's no one will lose because when people are keep buying Bitcoin, the price would be increase. Lose happen in investment when you sell your coins cheaper than you buy, if you keep holding during the dump season, it's an unrealized lose, not an actual lose.
Perhaps, it was undeniable when it comes to profit generation but of course, I don't hold forever even if I believe that the price of Bitcoin increase. I sell them when the time has come and when I was already in profit. Because it was not necessary to keep holding, the most important is that we earn a profit and this is actually how the market works and a reason why it grows due to its active trade, not because everyone is holding. I I encourage people to hold but also to sell depending on the situation and as an investor, we know what we have to do to avoid losses, yet we don't need to be greedy.
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rozak
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June 20, 2023, 01:06:49 PM |
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In every other business. So the fact is that , success in investment is directly linked to smartness.
Smartness in investing I think is in determining the momentum of the market when you will enter and planning well to get out of the investment. all Investment aims to profit, so this requires knowledge. The simple thinking of people who invest is when they will buy an asset when the price falls. and sell it when the price goes up. it's simply put, it will be easy to do when they choose the right assets. and try to remain patient and consistent to believe in the assets they have.
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asawale
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June 20, 2023, 08:53:47 PM |
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The major truth is the cryptocurrency shouldn't be taken as a means to get rich quick. One must first understand that the funds to be invested is the fund one can afford to lose. Investing in cryptocurrency can bring unexpected circumstances which can either be positive or negative.
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Finestream
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June 20, 2023, 09:19:23 PM |
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We all know that bitcoins has its various usecases but 80% of holders are profit driven. 80% ? Why not 100% Let's be honesty, all hodlers are profit driven at the very least. Otherwise, what would be the point of hodling if one is not in for profit? To me, I have come to understand that every holder cannot become rich at thesame time because their is no free money anywhere, when one user gets enough base on its smartness and well calculated strategy, another holder become a victim. It's not only HODLers who are buying or using bitcoin. We have day traders and then those just using it for transactions. So that where the money comes from. A person only chooses to be a victim when they sell off their Bitcoin at a price lower than the buying price Exactly. All hodlers and even traders are profit driven, otherwise they will not risk their time and money if they won’t be getting reasonable profits in the end. Also, being smart and witty is a must in any form of investment, as you should never resort into wrong decisions and see yourself losing at the end of the day. While there are successful ones, there are also victims simply because they enter without any preparation and they are here just for quick profits without knowledge and skills within.
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Woodie
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June 20, 2023, 09:36:43 PM |
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Profit driven certainly not an understatement! And the fact that everyone getting into crypto knows that some lucky folk out there were made instant millionaires for hodling after price soared wildly, everyone getting into crypto today want to emulate the succes the early adopters got, but with regulation, hacks, less volatility in the markets it could see less investments getting into crypto. The major truth is the cryptocurrency shouldn't be taken as a means to get rich quick. One must first understand that the funds to be invested is the fund one can afford to lose. Investing in cryptocurrency can bring unexpected circumstances which can either be positive or negative.
For sure, but most crypto guru's out there paint this kind of picture that Bitcoin has that get rich quick character to it and in the past it did, but I believe BTC has evolved and to be rich from it will take quite a long time.
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▀▀▀▀▀▀▀██████▄▄ ████████████████ ▀▀▀▀█████▀▀▀█████ ████████▌███▐████ ▄▄▄▄█████▄▄▄█████ ████████████████ ▄▄▄▄▄▄▄██████▀▀ | LLBIT | │ | CRYPTO FUTURES | | | | | | | │ | 1,000x LEVERAGE | │ | COMPETITIVE FEES | │ | INSTANT EXECUTION | │ | . TRADE NOW |
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CryptopreneurBrainboss
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June 20, 2023, 09:58:19 PM |
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Investing in cryptocurrency has become a major reason behind many holders in the Crypto space , this is an undoubted reality. We all know that bitcoins has its various usecases but 80% of holders are profit driven. To me, I have come to understand that every holder cannot become rich at thesame time because their is no free money anywhere, when one user gets enough base on its smartness and well calculated strategy, another holder become a victim. This is something that happens In every other business. So the fact is that , success in investment is directly linked to smartness.
Success in investments might not only be linked with smartness but also patience. Those that bought Bitcoin in the earlier stages of Bitcoin and still holding up to this day isn't because they were smart but because of the patience they give to Bitcoin. To become a successful investor, you don't necessary have to be the smartest person in the room but you have to possess the qualities that successful people have which are many characteristic including having patience and been smart as well. Bitcoin is still at its begining phrase so we don't have to expect Bitcoin to have accomplished all the creator had in mind during its creation. If you ask me I'll say Bitcoin has done quite well for itself and with time more greater things will be achieved. For now the idea behind huge population coming the market might just be for the reason that holding Bitcoin brings profits but with time we'll achieve other things like Bitcoin been used as a means of exchange and gets more government and global approval. We shouldn't criticize Bitcoin for achieving other milestones that weren't on the initial ideology of the creation of Bitcoin. Instead lets give Bitcoin more years and we'll be celebrating other impact that are more related to the usecase of Bitcoin.
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Bushdark
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June 20, 2023, 11:51:52 PM |
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Investing in cryptocurrency has become a major reason behind many holders in the Crypto space , this is an undoubted reality. We all know that bitcoins has its various usecases but 80% of holders are profit driven. To me, I have come to understand that every holder cannot become rich at thesame time because their is no free money anywhere, when one user gets enough base on its smartness and well calculated strategy, another holder become a victim. This is something that happens In every other business. So the fact is that , success in investment is directly linked to smartness.
I don't know what you understand by "every holders can not become rich at the same time." Do you think that cryptocurrency investment looks like the normal trading that we know? For you to make money in trading, there are some certain persons or traders that will need to lose before you could make money. This is the obvious truth about trading that is why we do see that some persons would win why other would lose. I see Bitcoin investment as an opportunity for us to be patient for us to earn some good profits from the market.
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