Profiting from BTC: just luck?

[Hamza2424]

For the early ones, it was really just luck because no one knew at that time that Bitcoin would ever touch the price targets we are experiencing now. Still, I'm sure those who were early to Bitcoin are already out of Bitcoins except 1% chances if they stored them and forgot about them, at the same time they still have access to it, most off them lost the access or already sold in previous cycles. The whales right now are those who entered int he market and continuously buy and sell in every cycle because this is how you grow your accumulation.

Now the accumulation completion is going to be more strict because as we can see these ETFs are boosting the price and increasing a high percentage of Bitcoin from the market it's really a big concern that we won't see the self custody anymore in the future at the level we are currently on because these ETF will sell only the contract based Bitcoins, not the actual Bitcoins supply.

[YUriy1991]

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.

Indeed, what you are saying is also something that needs to be known and is important because if we just hold Bitcoin without adequate knowledge, the results will be bad later, whether in asset storage, late market information, timing when buying or even selling Bitcoin, also wrong predictions...

So, talking about the growth potential and price of BTC, I strongly believe that the price of BTC will rise as demand increases and so will the potential value of BTC in the future. The reason is, BTC can currently be said to be one of the purest, most promising investments and now little by little it has changed the global financial paradigm with its innovative technology, even though it takes time, of course in the long term, the results will be visible.

[Volimack]

Bitcoin is considered a strong currency for investment. But before investing in a good currency like Bitcoin one should have enough knowledge about Bitcoin. If you do not know the right time to buy and sell in the market, it will not be easy to earn profit. Bitcoin will continue to grow as its value increases. The result of investing in Bitcoin will never be zero just long term waiting.

[Dailyscript]

Luck happens periodically, not every time. I understand how difficult it is to keep holding your bitcoin for so long. The level of discipline one needs to put in needs to be high. This includes consistency in accumulations, avoiding FOMO, and not listening to social media scandals and hype. Focus on holding your bitcoin for long. If any investor was able to maintain this type of discipline, I would never say it was luck that he made a profit now.

There is a difference when someone trades bitcoin and makes a profit, i think that is when i will call it luck, but for a potential investor, it is never luck. When the world is full of merriment and luxurious things. Everyone wants this lifestyle, but we chose to hold on to investment so that in the future we could afford more than this without looking at the price tag.

[leonair]

Bitcoin is considered a strong currency for investment. But before investing in a good currency like Bitcoin one should have enough knowledge about Bitcoin. If you do not know the right time to buy and sell in the market, it will not be easy to earn profit. Bitcoin will continue to grow as its value increases. The result of investing in Bitcoin will never be zero just long term waiting.

Long-term investment is definitely mandatory to profit from Bitcoin. Because Bitcoin takes a long time to generate new ATHs. so you must invest for long term if you want to achieve something good. so getting profit from long term investment cannot be called luck. It is the result of patience and investment. Luck depends on good quality profit from investments in gambling depends on good strategy and patience

[Kristiyana]

Bitcoin is considered a strong currency for investment. But before investing in a good currency like Bitcoin one should have enough knowledge about Bitcoin. If you do not know the right time to buy and sell in the market, it will not be easy to earn profit. Bitcoin will continue to grow as its value increases. The result of investing in Bitcoin will never be zero just long term waiting.

Long-term investment is definitely mandatory to profit from Bitcoin. Because Bitcoin takes a long time to generate new ATHs. so you must invest for long term if you want to achieve something good. so getting profit from long term investment cannot be called luck. It is the result of patience and investment. Luck depends on good quality profit from investments in gambling depends on good strategy and patience

You're absolutely right I think profiting from bitcoin is not all about luck, rather is by having the knowledge and as well knowing the investment strategies,there are some people who invested at the early stage when bitcoin has no value,but they were patient enough to hold it till this time,this people are making a lot of profit from bitcoin now that bitcoin value has run this far. however I think this set of people is profiting from the Long term investment they made, they aren't been lucky to profit from bitcoin either.

[gunhell16]

When you work hard for something, it can't be considered that you just got lucky. Of course, you had to put in some hard work before you achieved it. The same is, of course, the case with holding Bitcoin or other cryptocurrencies. Even if it goes through a bear market, because we believe that its value will increase, we will not sell it. No matter what happens, we will not let it go.

It means that what you did was not easy; waiting for the right time to come meant that others thought you would never reach it, or something that you believe is impossible for others will happen, but it will actually happen in the end. And when you make money because it does rise beyond what most people expect, you deserve to reap the rewards of the time you spent waiting for a few years because you endured that and persevered.

[FinePoine0]

Investment in Bitcoin is a smart investment for Intelligent Investors.

The meme is summarizing very well what has been happening with Bitcoin over years and in two latest all time highs in 2021 and 2024.


Bitcoin itself has strong intrinsic foundation to gain value but in 2024, we will have good support from US. government too. FED will have to do their tasks ordered by the White House, to cut Interest rate and more money will find new places to invest. It is a must task for FED because Biden and the White House don't want to have bad economic feeling from US. citizens that will be harmful for Biden's chance to be elected again.

In 2024, Bitcoin market is a bullish market that makes it attractive for investors who still don't know where to spend money in.

El Salvador started hoarding bitcoins in 2021, and since then all coins including the bitcoin market started dumping due to FTX and destruction from other altcoin markets. But still the government of El Salvador has not stopped hoarding bitcoins, long time hoarding bitcoins currently benefit more than 50% to 60% from each bitcoin on average. So with this diagram I see 2021 as the year of breakdown and 2024 as the year of success.

[m2017]

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. Any success, for example making a profit when investing in bitcoin, is perceived by people around him as luck and an attempt to reduce the importance of the investor as a result of his success.

Although the fact is forgotten that the investor takes risks when investing, loses this money for a while, and the result is unpredictable. At a minimum, an investor has the courage and resources to take risks, while those around them are only capable of not taking any steps towards action themselves and can only verbally underestimate the successes of others.

2. I think that bitcoin holders are influenced by 2 factors, positive and negative, which encourage them to continue to believe and hold btc.

Negative: Storing wealth in traditional financial instruments like cash or bank accounts devalues that wealth due to inflation. In an attempt to avoid this and preserve the value of their wealth, people are turning to investment vehicles like bitcoin.

Positive: faith in the future growth of bitcoin, which is confirmed with each new cycle. Who would want to get rid of an asset that has done nothing but grow throughout its entire existence?

3. At a minimum, part of bitcoin can be hold  almost indefinitely as a financial safety net, pension savings, inheritance for descendants, etc.

A part can be holdt until the moment when the profit received allows the previously planned goals to be realized. These goals will vary based on personal preference.

Also, I think that many people themselves don't know until what moment they will hold bitcoin. Maybe until it allows to become a millionaire?

[Nanga Parbat]

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 BTC is not an act of luck it is an investment of our assets.  Now that Halong is near, the goal of our holding is also approaching.holding BTC is a strategic decision that preserves our value.  Our hopes in this investment are not just based on trust. A nearhalving to our goal gives the possibility of an increase in the price of BTC which makes our investment even more promising.  We need patience and vision in this investment so that we are ready for a better future.I will say that holding BTC is a wise decision that keeps our wealth strong.

[southerngentuk]

Bitcoin's meteoric rise has created a curious phenomenon: the illusion of overnight success. We see headlines of millionaires minted from early investments, fostering the belief that Bitcoin is a lottery ticket to riches. Yet, the truth is far more nuanced.

There's no denying the role of luck in Bitcoin's story. Early adopters, drawn by a nascent technology or a speculative hunch, stumbled upon a goldmine. But to focus solely on luck is to paint an incomplete picture.  These "lucky" individuals possessed a crucial quality: the foresight to believe in a revolutionary concept. They weren't passive recipients of fortune; they were active participants in a technological experiment.

However, luck is a fickle companion. It can propel you to the starting line, but it won't guarantee victory in the marathon that is Bitcoin. The vast majority who haven't been touched by this stroke of luck must forge their own path. Success in the Bitcoin world, like most endeavors, hinges on grit and knowledge.

[bettercrypto]

Maybe everyone in this industry field knows that Bitcoin is proven and tested when it comes to long-term investment. And that was given even more clarity when the
SEC approved the bitcoin spot etf. Because institutional investors started to accumulate bitcoin.

So this means that from the time they can directly buy bitcoin, it is clear that the profit that can be obtained from bitcoin is not based on luck.

[Vinaa77]

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 BTC is not an act of luck it is an investment of our assets.  Now that Halong is near, the goal of our holding is also approaching.holding BTC is a strategic decision that preserves our value.  Our hopes in this investment are not just based on trust. A nearhalving to our goal gives the possibility of an increase in the price of BTC which makes our investment even more promising.  We need patience and vision in this investment so that we are ready for a better future.I will say that holding BTC is a wise decision that keeps our wealth strong.

To maintain the value of the assets we own, it is very good if we invest in Bitcoin and we will be able to gain profits from holding Bitcoin because currently the price of Bitcoin has shown an increase and if we have held a lot at this time of course we will already have a profit from the investment. what we do, yes it does require patience in holding Bitcoin and also we have to collect the amount we can afford and never force the investment we make if we don't want to get into trouble with the investment we make and not get a profit on the investment we make do.

[Alpha Marine]

Is the profit of BTC holders just from luck?[/li][/list]

There's nothing "luck" about getting profit by holding BTC. Holding BTC is one of the hardest things to do. You've explained how difficult it is to hold Bitcoin because of how volatile Bitcoin is. Bitcoin is at $70k right now and it can go down to as low as $20k. Do you know how difficult it is to keep holding when you see the value of your Bitcoin reducing, especially after you bought it at a high price? It takes a lot of things to make a profit from Bitcoin holding, luck is not one of them. 

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

I believe in Bitcoin because I have studied its history and I am very convinced that Bitcoin will always go back up after it dips. It might only take a long time, but I know that if I am patient enough I'll get my profit.

When will you hold BTC until?

For as long as I'm alive. Right now I'm just waiting for the next dip so I can buy again and hold.

[BlackBoss_]

I believe in Bitcoin because I have studied its history and I am very convinced that Bitcoin will always go back up after it dips. It might only take a long time, but I know that if I am patient enough I'll get my profit.

After big dips and after each bear market, we will have good rally and good bull market. This year, we even see a new all time high before a halving. A new history is made and my belief in Bitcoin only becomes bigger this year.

It is not easy for companies in the USA. to get approvals from SEC. for Bitcoin Spot ETFs but now they have it and are bringing big capital to Bitcoin market.

After Spot ETFs, I believe they will apply for more derivative products.

[Onyeeze]

We all know that bitcoin investment is all about Grace and is also like gambling gambling is all about Grace if you are opportune for invest in Bitcoin when the price is low and it happens that throughout the duration that invested in Bitcoin the price continue to below value and later run, the price of Bitcoin happen to rise unexpectedly it is the time that you make a profit that is why majority advise our people who is into bitcoin investment to purchase a Bitcoin and hold it for long time so that when the price rise they will be at advantages to make a profit so I believe that is why many people is into long time investment in Bitcoin

[Kelvinid]

We can't please all individuals to appreciate Bitcoin because many people are still doubtful and have negative views towards Bitcoin.
We are too lucky, yes, because we chose the right investment for us but too unlucky for these people who thought we failed and just lost our money. Well, the statement is perfectly right --No risk, No gain. Just like us who make this kind of investment will have a better life than those who keep saying negatively. But there is no sense of arguing with these people because they only don't understand and remain on the negative side.

[South Park]

When you work hard for something, it can't be considered that you just got lucky. Of course, you had to put in some hard work before you achieved it. The same is, of course, the case with holding Bitcoin or other cryptocurrencies. Even if it goes through a bear market, because we believe that its value will increase, we will not sell it. No matter what happens, we will not let it go.

It means that what you did was not easy; waiting for the right time to come meant that others thought you would never reach it, or something that you believe is impossible for others will happen, but it will actually happen in the end. And when you make money because it does rise beyond what most people expect, you deserve to reap the rewards of the time you spent waiting for a few years because you endured that and persevered.

For the average person our success does in fact looks as if it was just luck, and that is because when it comes to them they are unable to think on anything that goes beyond the next week or month, so being able to see years into the future and make the right preparations to take advantage of such price movement seems like magic to their eyes, so they cannot admit that you were able to make such an amazing movement, even if you told them beforehand what you were doing, so in their minds the only way to explain this is by you being extremely lucky.

[BITDV]

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?   

Luck ? Haha, everyone have their own reason to say it "Luck" and everyone have their own luck. Let say I work for a private company who pay me for BTC. I accept that salary even BTC still has low value, and my job worth for $1500 in fiat. How about that? I can say, i got nothing from BTC in that timeline, I only got pain. I buy rig to mine, it costs me thosands dollar to get BTC.

In my opinion, LUCK is only for someone who do nothing but get amazing results.

I am a btc holder, and altcoin holder. I will hold until it give me minimum value of my passive income treshold.

I believe with community power, and peoples mindset grow everytime.

[CageMabok]

Maybe everyone in this industry field knows that Bitcoin is proven and tested when it comes to long-term investment. And that was given even more clarity when the
SEC approved the bitcoin spot etf. Because institutional investors started to accumulate bitcoin.

So this means that from the time they can directly buy bitcoin, it is clear that the profit that can be obtained from bitcoin is not based on luck.

The profits obtained through Bitcoin are absolute profits due to the trust many people have in Bitcoin even though there is also a slight element of luck in it. Because the SEC's approval of spot bitcoin etf is part of the good effects that arise from Bitcoin itself, it allows everyone to see profits through their Bitcoin ownership and now more and more people believe in Bitcoin and continue to invest in Bitcoin. Apart from that, the price increase that has been seen in the last two months can also be used as a basic reference that Bitcoin can indeed be relied on by many investors.