Profiting from BTC: just luck?

[Maslate]

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.

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.

[Vincom]

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.

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.

[BlackBoss_]

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.

[harapan]

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.

[SickDayIn]

"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.

[Vincom]

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.

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.

[fuguebtc]

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.

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.

[Denamen]

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.

[Vincom]

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 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!

[Lambugini]

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.

[legendbtc]

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.

[fuguebtc]

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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!

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.

[Kryss191]

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

[Churchillvv]

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.

[Bushdark]

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

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.

[Vincom]

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.

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.

[Distinctin]

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.

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.

[Vincom]

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.

[betswift]

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?

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.

[Vincom]

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.