Profiting from BTC: just luck?

[pooya87]

A common mistake which is also being made here is this narrative about the price changes: "thrilling price surges have been followed by sharp corrections".
We don't have this "sharp corrections" which are technically massive crashes (70%-80%) after a "surge". Instead we have such massive crashes after a bubble.

It may not seem like a distinction but it is and it answers question like the second one in OP "What makes you keep believing and holding BTC?" after that opening part about rise and falls.
You see, when for example in 2017 price reaches $20k, that is not exactly the intrinsic value of bitcoin. It is a bubble. And bubbles are unstable and will burst. If you bought into the bubble or if the bubble burst made you doubt bitcoin then you didn't understand Bitcoin or the market. It was a normal behavior.

Over all price is on the rise. Sometimes we get an overly excited market where price goes above the intrinsic value and creates a bubble and sometimes we get the opposite and overly panicked market participants dump and take the price way below the intrinsic value of bitcoin (ie. a reverse bubble) but that doesn't change the long term trend which is rising...

[Queentoshi]

If I make a lot money from Bitcoin, it's just a luck.

I do not think it is just luck to make a lot of money from investing in Bitcoins, at the front, the biggest beneficiaries from investing in bitcoins around us may just seem lucky, but behind they have actually worked hard for it. Profiting from bitcoin also requires a lot of control, discipline, cut in expenses and management of wants and desires.

It's a luck for me to born in the current generation, if I born too early I won't ever know and see Bitcoin in entire of my life...

If you were not born in this generation, you will still do fine. There is no trace of bad luck in that.

[darkangel11]

Holding Bitcoin (BTC) long-term requires resilience, as the market can be volatile. While some humorously say "the best way to hold BTC is to go to jail" (meaning you're forced to hold), even strong believers can find it difficult during periods of decline.

That's a completely false statement. It's not hard to hold bitcoin, especially when you understand it and follow a few simple rules.
I'd say that the first two rules of holding would be to invest a safe amount of bitcoin, which someone call the amount you're afford to lose, while others say that ist should be acquired through DCA. If you for instance buy with 10% of your monthly income fore a few months, you will never be bothered by corrections.
The second thing you can do is to withdraw your investment when you're in profit and only invest that profit. If you do that you'll never have to worry about the price. Personally I'm years past that point.

[dansus021]

For me, holding BTC is not a coincidence, it is a rational choice!

You know what people who hate Bitcoin are gonna hate Bitcoin and people say "hater gonna hate" and this much very true when you watch that meme. People are gonna say fud and etc and people who believe will keep building.

Profiting from BTC: just luck? It is rational and had a little bit of luck hahaha.

Now the whole crypto itself had a total market cap of around $2T. Big companies Like Tesla, and MicroStrategy is buying bitcoin. Big investment companies like BlackRock also made and ETF. there is also a country who make bitcoin as a legal tender like El-Salvador.

So people who read this and still hate Bitcoin: That's Totally fine you hate Bitcoin is a choice hahaha but look at the big picture

[$weetne$$]

For me, holding BTC is not a coincidence, it is a rational choice!

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?

Holding of Bitcoin can be a coincidence because many people had bought Bitcoin in the past and forgot that they had Bitcoin thrn later they remembered and Bitcoin has already pumped therefore giving them profits that they didn't expect. Holding Bitcoin can both be intentional and unintentional, profiting from Bitcoin isn't just luck but there are some individuals that have profited from Bitcoin because they were very lucky. Some people bought at the exact bottom of the market and some people were fortunate to sell at the top too. I'm a Bitcoin lover and hoping to become a strong holder too. I have plans and I'm working to make myself become a big investor in Bitcoin so I can benefits too from when Bitcoin will rise and get to a new ATH

[Vincom]

That's a completely false statement. It's not hard to hold bitcoin, especially when you understand it and follow a few simple rules.
I'd say that the first two rules of holding would be to invest a safe amount of bitcoin, which someone call the amount you're afford to lose, while others say that ist should be acquired through DCA. If you for instance buy with 10% of your monthly income fore a few months, you will never be bothered by corrections.
The second thing you can do is to withdraw your investment when you're in profit and only invest that profit. If you do that you'll never have to worry about the price. Personally I'm years past that point.

I think planning to spend 10% of your monthly income to invest in BTC is not difficult, especially when we look back at BTC's past. However, I think that from a few years ago, our willingness to maintain the belief that BTC could reach 70K USD in the future was a huge effort, similar to the fact that right now an investor believes that BTC can reach 1M USD by 2030.

Being willing to believe in BTC and persistently investing in BTC every week or every month, accepting short-term losses and overcoming one's doubts - these are remarkable efforts that not everyone can overcome! You are one of those who have made it, you deserve profits and respect!

You know what people who hate Bitcoin are gonna hate Bitcoin and people say "hater gonna hate" and this much very true when you watch that meme. People are gonna say fud and etc and people who believe will keep building.

Profiting from BTC: just luck? It is rational and had a little bit of luck hahaha.

Now the whole crypto itself had a total market cap of around $2T. Big companies Like Tesla, and MicroStrategy is buying bitcoin. Big investment companies like BlackRock also made and ETF. there is also a country who make bitcoin as a legal tender like El-Salvador.

So people who read this and still hate Bitcoin: That's Totally fine you hate Bitcoin is a choice hahaha but look at the big picture

Just like you said, anyway, hating BTC + staying out of the market + mocking BTC investors is also the choice of those who do not understand this market or simply missed the opportunity, we have more important thing to do: continue to hold profits and wait for greater opportunities and profits to come from the impressive growth of BTC and the crypto market. If someone says I profit from BTC just because I'm lucky, OK, I'm lucky   

[BD Technical]

I don't understand your intelligence because those who invested in 2022 or 2023 mean them?  Loads said they are losing their assets or their bitcoins or their capital but now the price is going up if they keep their holes then they are currently called big big or investors because they are currently profiting from their investment from the market bitcoins.  getting  He will remember them all his life.  But an investor never gives up on his lakhs or 100% on the luck they invest with or out of wisdom.  Fifty percent of their money and fifty percent of their intelligence is their profit gulapa because you will not always do your favor because this time you will do it only when you invest your intelligence or your head.  In that case of course anger is also needed or if you are lucky you can get pocket then you do bit I don't say lucky because you can understand the level of bitcoin situation in case of current rate of bitcoin.

[kotajikikox]

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?

1. I've asked my brother about this, he's not into the market nor an investor and asked him if I was just lucky that I've bought early. He said, an investor takes time to research to the new things and takes risk earlier than the rest so if we rake in profits, we did our thing and it's not just all about luck.

2. Cycles, performances, stability.

3. Until I can.

Imagine even a person that does not know this market and never an investors believe that this is not about luck so what more those like us that gives our time and risked our money just to trust this market?
I'm afraid that the site that OP gets this idea is not even understand what he is asking or knows nothing about everything at all.
Will be holding my investment till  I finally need the funds.

[BlackBoss_]

Imagine even a person that does not know this market and never an investors believe that this is not about luck so what more those like us that gives our time and risked our money just to trust this market?

Luckiness only comes and helps people who see opportunities, accept to take risk and afford to lose money, of course with good own research diligently done for their investment and with good capital management.

Chance can knock doors of many people but very few people will take it and convert it to actual investment decision. Who actually spent money for investment, became true holders, don't simply look at the market but seriously take advantage of chances and they deserve to get profit from their belief, investment and confidently holding practice.

Along their investment time and holding, they must know risk of custodians from third parties and actually practice well and safely with their storage and backups.

How to back up a seed phrase
Reminder: do not keep your money in online accounts

[Luzin]

Profiting from BTC: just luck? It is rational and had a little bit of luck hahaha.

They don't know how much I struggle to maintain the assets and continue to accumulate more and people think it's luck. No, in fact I would be angry if I was said to be lucky. There is indeed a small portion, due to the luck factor. But I worked hard, not relying on luck. Because I believe that lucky people do not happen continuously. So I feel sure that people in crypto are not lucky but indeed they have the strength to try well.

[Sebas.tian]

How can it be luck when you decide to spend your funds at the spot when Bitcoin is falling like a phone from 20th floor? If I even talk about my own journey, I waited for the moment when BTC went below $20k and I spent most of my savings and earning to get as much as I could below that price. Now If it's above $60k, that's not a luck. That's the reward of my patience and my decision making when everyone else was waiting for $10k.

If you are good in holding for long period of time, you will know that making income from Bitcoin in the market is not luck, is base on what you know and believe upon that it will definitely come for you to make a passive income from your holding when the bullish season begins to reign in the market. There are some holders that will give up when the price of Bitcoin decreased below $20,000 because they lack the knowledge of holding Bitcoin during the bearish season but if you have the knowledge of holding, you will know that you will definitely achieve huge amount of income in the future when the bullish market appear. If you know how bullish market and bearish market work, you will know that is not by luck for investors to experience incomes, is just the potential skills they have in their investment.

[D ltr]

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?

1. Not because of luck but because of patience and belief that BTC will indeed provide profits
2. yes I have BTC,
3. Until I say I am satisfied with the profit I am targeting, there are times when I sell and buy BTC at the right time, I don't always hold my BTC

[0t3p0t]

1. Is the profit of BTC holders just from luck?
2. Are you a BTC holder? What makes you keep believing and holding BTC?
3. When will you hold BTC until?

1. No! Because it needs time, patience, money and effort just to come up with that profit.
2. Yes I am a Bitcoin holder myself though just a small amount of it through DCA but yeah better than nothing. I can see the potential of Bitcoin and by grabbing every opportunity it offer, financial freedom is just around the corner. I know we all hate inflation and any other crisis happening today and this is my way of avoiding it.
3. I will hold until I am able to achieve my target to get atleast 1 Bitcoin. I know how hard it is due to the fact that it is currently way more expensive than those prices in 2020 and we can only acquire small quantity but yeah I just need consistency.

[btc78]

I want to know your opinion on the success of BTC holders:

• Is the profit of BTC holders just from luck?

I guess there is some luck by the way you got exposed to bitcoin. But everything after that requires knowledge, patience and perseverance. Not everyone who just invest in bitcoin automatically gets rich. It doesn’t work that way. You still have to monitor the market and take out your coins when necessary.

• Are you a BTC holder? What makes you keep believing and holding BTC?

Yes, I am. Bitcoin still has a lot of potential seeing as not yet everyone is exposed to bitcoin.

• When will you hold BTC until?

Until I have reached my target profit

[Minor Miner]

How can it be luck when you decide to spend your funds at the spot when Bitcoin is falling like a phone from 20th floor? If I even talk about my own journey, I waited for the moment when BTC went below $20k and I spent most of my savings and earning to get as much as I could below that price. Now If it's above $60k, that's not a luck. That's the reward of my patience and my decision making when everyone else was waiting for $10k.

If you are good in holding for long period of time, you will know that making income from Bitcoin in the market is not luck, is base on what you know and believe upon that it will definitely come for you to make a passive income from your holding when the bullish season begins to reign in the market. There are some holders that will give up when the price of Bitcoin decreased below $20,000 because they lack the knowledge of holding Bitcoin during the bearish season but if you have the knowledge of holding, you will know that you will definitely achieve huge amount of income in the future when the bullish market appear. If you know how bullish market and bearish market work, you will know that is not by luck for investors to experience incomes, is just the potential skills they have in their investment.

Investing in bitcoin and being able to profit from it is a journey full of hardships and difficulties. If someone says that you are lucky to profit from bitcoin, it shows that they are just jealous and cannot accept the fact that they are losing to you.

Just like me, the economy and my life changed in a positive direction since I invested in bitcoin. Everyone around me thinks I'm too lucky to have those things, they don't know and deliberately don't want to accept the truth, to be able to achieve those huge profits, I had to make sacrifices and take a lot of risks. Those who say that investing in bitcoin and making profits is lucky are actually too jealous of us.

[Natsuu]

How can it be luck when you decide to spend your funds at the spot when Bitcoin is falling like a phone from 20th floor? If I even talk about my own journey, I waited for the moment when BTC went below $20k and I spent most of my savings and earning to get as much as I could below that price. Now If it's above $60k, that's not a luck. That's the reward of my patience and my decision making when everyone else was waiting for $10k.

If you are good in holding for long period of time, you will know that making income from Bitcoin in the market is not luck, is base on what you know and believe upon that it will definitely come for you to make a passive income from your holding when the bullish season begins to reign in the market. There are some holders that will give up when the price of Bitcoin decreased below $20,000 because they lack the knowledge of holding Bitcoin during the bearish season but if you have the knowledge of holding, you will know that you will definitely achieve huge amount of income in the future when the bullish market appear. If you know how bullish market and bearish market work, you will know that is not by luck for investors to experience incomes, is just the potential skills they have in their investment.

Right. Making money with Bitcoin isn't just luck because it's about knowing when to hold and having faith that the good times will roll in during the bullish seasons. It's not luck, it's the skills and insights you bring to the table. Understanding how both bullish and bearish markets work gives you the edge, showing that investors' gains aren't just random chance. So it's not a lottery either right it's about having the smarts to ride out the storms and cash in when the market's in your favor

[passwordnow]

Right. Making money with Bitcoin isn't just luck because it's about knowing when to hold and having faith that the good times will roll in during the bullish seasons. It's not luck, it's the skills and insights you bring to the table.

Honestly, there is no need for us to justify it to those skeptic people about making profit in Bitcoin isn't about luck. If they think that we're just all lucky people that have managed to earn holding Bitcoin, it is okay and let their justification be the belief of theirs. Researching is a skill and why most of us are holding because we're believing of what we've known about it that holding for a long time is profitable.

Understanding how both bullish and bearish markets work gives you the edge, showing that investors' gains aren't just random chance. So it's not a lottery either right it's about having the smarts to ride out the storms and cash in when the market's in your favor

True, they think that it's just a random instance and we're all lucky because we're in Bitcoin. But buying Bitcoin is a commitment that requires someone to understand what he's going through and it's not just as simple as buying it without knowing what you're up to. Trying to understand the fundamentals and the reasons why you're so bullish despite that we've gone through several bear markets is already not even about chances and luck.

[Youngkhngdiddy]

Some people can indeed get lucky, however the majority cannot depend on a lucky break, and even if they had it, if they did not know what they are doing they will waste the opportunity right in front of them anyway, quite frankly the majority of those that achieve success did so because they were able to overcome a great deal of difficulties with their own skills, and someone like that is obviously not lucky, but for those that only see the people at the top and not the process that it took them to reach that place, it is easy to claim this was the case so they can feel good about themselves not reaching the same kind of success.

Because many investors are jumping into the cryptocurrency craze blindly without prior experience or a plan. The Bitcoin and Ethereum gold rush is drawing in new investors everyday. People are willing to risk a few thousand dollars in the hope of making a fortune. They have no plan and they are not considering the risk of losing their money. They figure that eventually cryptos will move up and they will become rich. What they don’t know is that there are financial syndicates with unlimited resources taking bets against them. As in any financial market as soon as price moves far enough and enough orders are in the market price will move the other way and the uninformed will pay the informed.
 I think we will consider it luck when the person do not even have any idea and still make profit out of his hodlings. When you invest in something without researching it. If I decide to put money into something, I usually try to learn everything I can about it. That way, I will not be investing blindly. Some research never hurt anyone. Unfortunately, I see so many people doing the opposite when it comes to investing in cryptocurrencies. They invest without understanding how the market works, and that is essentially gambling. The more you learn, the more you understand, and this reduces your chances of taking losses.
  

[boty]

Profiting from BTC: just luck? It is rational and had a little bit of luck hahaha.

They don't know how much I struggle to maintain the assets and continue to accumulate more and people think it's luck. No, in fact I would be angry if I was said to be lucky. There is indeed a small portion, due to the luck factor. But I worked hard, not relying on luck. Because I believe that lucky people do not happen continuously. So I feel sure that people in crypto are not lucky but indeed they have the strength to try well.

Those who say this of course don't understand well how to make a profit from collecting Bitcoin and don't know how Bitcoin works so they only see those who make a profit from collecting Bitcoin but don't see those who fail to make a profit because of mistakes. which is made by holding a number of Bitcoins and I agree with what you say, we have to work hard to be able to collect Bitcoins and have to know when is the right time to buy them and sell them again to be able to make a profit and this seems easy to do but without skills about Bitcoin of course we will not be able to do it right.

[milewilda]

How can it be luck when you decide to spend your funds at the spot when Bitcoin is falling like a phone from 20th floor? If I even talk about my own journey, I waited for the moment when BTC went below $20k and I spent most of my savings and earning to get as much as I could below that price. Now If it's above $60k, that's not a luck. That's the reward of my patience and my decision making when everyone else was waiting for $10k.

If you are good in holding for long period of time, you will know that making income from Bitcoin in the market is not luck, is base on what you know and believe upon that it will definitely come for you to make a passive income from your holding when the bullish season begins to reign in the market. There are some holders that will give up when the price of Bitcoin decreased below $20,000 because they lack the knowledge of holding Bitcoin during the bearish season but if you have the knowledge of holding, you will know that you will definitely achieve huge amount of income in the future when the bullish market appear. If you know how bullish market and bearish market work, you will know that is not by luck for investors to experience incomes, is just the potential skills they have in their investment.

Investing in bitcoin and being able to profit from it is a journey full of hardships and difficulties. If someone says that you are lucky to profit from bitcoin, it shows that they are just jealous and cannot accept the fact that they are losing to you.

Just like me, the economy and my life changed in a positive direction since I invested in bitcoin. Everyone around me thinks I'm too lucky to have those things, they don't know and deliberately don't want to accept the truth, to be able to achieve those huge profits, I had to make sacrifices and take a lot of risks. Those who say that investing in bitcoin and making profits is lucky are actually too jealous of us.

I can attest into this kind of situation on which they would really be just that focusing into the result or on the things that they are seeing and not on behind the curtain on how hard to strive with this unpredictable market.
We've been through tons of crashes and pumps of this market on which holding up your position for how many years or long time is never been easy specially if we do speak about emotion control.
If they've been able to step their foot into this space then for sure they would understand but if not then they would really be just focusing on the things that you are currently cherishing.

Its true that they dont know on how we do able to survive this unpredictable space. Those profits made do came out from hardwork and surviving this market.
It cant really be avoided that there would really be those people around you would really be having those kind of impressions that you are lucky because you are cherishing out a life
on having no problem with finances and thanks to Bitcoin or crypto investment.