Profiting from BTC: just luck?

[Ben Barubal]

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.

     Sometimes that's what annoys other people: when you make money with Bitcoin, they say you're lucky; they don't know what you went through during those times when you almost want to let go and believe what some say, but the belief still dominates. We are here because we saw the potential of this industry that we entered, which is why we didn't let go until the end.

     That's why, when you say luck, you didn't make any effort, you didn't get tired or persevere, and you endured a time that almost makes us tempted to let go of the asset we're holding, but still, in the end, we made it successfully.

[Judith87403]

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.

In my own opinion I think profiting from bitcoin is not luck, reason been that there are a lot of people who invested in bitcoin as at early stage when bitcoin has no value. and they where patient enough to hold on to it till this time that bitcoin has run this far,did you consider this people been lucky to profit from bitcoin? or you consider them being profited from the Long term investment they made? however if you want to get profited from investing on bitcoin you have to make Long term investment, bitcoin investment isn't what you just invest and also expecting to get profited immediately after investing. in terms of making investment patient is also considered necessary, because if you happens to be a patient type I think you will be making massive profit from every investment you make.

[ChiBitCTy]

"I want to know your opinion on the success of BTC holders:
Is the profit of BTC holders just from luck?- for some yes, for others no so much.  A lot of people have no clue what bitcoin is and have made money from buying lower than they eventually sold from (or have).  That I would say is luck.
Are you a BTC holder? - I don't think anyone should ask this or answer it.  What makes you keep believing and holding BTC? -I think bitcoin as a decentralized currency is a great improvement over traditional fiat monies.
When will you hold BTC until?"- Information I don't think anyone should share with each other.

[MFahad]

for some yes, for others no so much.  A lot of people have no clue what bitcoin is and have made money from buying lower than they eventually sold from (or have).  That I would say is luck.

Should we call it luck if they have made investments intending to earn profits from it because they have heard it goes up in value over time? I don't think so. Even if they don't know much about it, they at least know the fact that Bitcoin has a volatile price and it can go up which can eventually earn them profit which I think is enough for them to stay out of the luck category.

When will you hold BTC until?"- Information I don't think anyone should share with each other.

I don't understand why you wouldn't want to share information about until when you would hold your Bitcoin.  I think one should only not share details about their funds and how much they hold but giving a general idea about what you have planned would do no wrong.

[leonair]

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.

In my own opinion I think profiting from bitcoin is not luck, reason been that there are a lot of people who invested in bitcoin as at early stage when bitcoin has no value. and they where patient enough to hold on to it till this time that bitcoin has run this far,did you consider this people been lucky to profit from bitcoin? or you consider them being profited from the Long term investment they made? however if you want to get profited from investing on bitcoin you have to make Long term investment, bitcoin investment isn't what you just invest and also expecting to get profited immediately after investing. in terms of making investment patient is also considered necessary, because if you happens to be a patient type I think you will be making massive profit from every investment you make.

About 190 million users use Bitcoin in Satya Bitcoin, but when Bitcoin pumps around the world, do these 190 Million people have better luck? Bitcoin is not gambling it is an asset.  Investing here is definitely profitable if one can be patient.  No one can profit while investing.  If there was an opportunity to make immediate profit, it would be called luck. But Bitcoin's natural behavior is never dependent on luck

[serjent05]

Is the profit of BTC holders just from luck?

Profiting of BTC holders can be from luck.  I cannot deny that the possibility of being lucky is the reason why some holders profit from Bitcoin.  Like when they engage in the Bitcoin market, after they buy their holdings and the market starts pumping.

But majority of Bitcoin holders who profits from Bitcoin  oftens have plans and studied the Bitcoin market, making them find opening position and buy Bitcoin at lower price and knowing the possible advantageous closing position and selling at a profit.

So I believe it is the combination of luck and wit that enable BTC holder to profit from Bitcoin.

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

I used to be but because of some urgent needs, I have to sell my holdings.  The continuous news and adoption, the increasing  trading volume and the active promotion of Bitcoin makes me believe in holding BTC, aside from that, the history of Bitcoin price also show that Bitcoin is profitable in a long run.

When will you hold BTC until?

I planned to sell my BTC at my target price but alas, I failed to follow it due to real-life urgent needs.  But if given a chance to have extra funds, I plan to start accumulating again and plan to sell it after two or three halving to realized my possible profit.

[Promocodeudo]

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.

Boss that the problem most people people don't want to suffer the flesh or to die but the want to make heaven alive which I know that's not possible, what I understand about bitcoin is that for anyone to benefit immensely in the business such person has to take every opportunity very serious.
With my little experience it is better to buy when the price is down, at this period a good market strategist should keep accumulating as much as he can, by this doing this such person is building a future for himself in the Bitcoin settings and such gesture will be recoprocated positively by Bitcoin in the long run that's if he keep hodling for a long term. So to me benefiting Bitcoin is not luck but it is patience, perseverance and having trust in the system without doubt of any kind.

[Marvell1]

Is the profit of BTC holders just from luck?

Profiting of BTC holders can be from luck.  I cannot deny that the possibility of being lucky is the reason why some holders profit from Bitcoin.  Like when they engage in the Bitcoin market, after they buy their holdings and the market starts pumping.

But majority of Bitcoin holders who profits from Bitcoin  oftens have plans and studied the Bitcoin market, making them find opening position and buy Bitcoin at lower price and knowing the possible advantageous closing position and selling at a profit.

So I believe it is the combination of luck and wit that enable BTC holder to profit from Bitcoin.

You're right, the fact that we can profit from bitcoin is a combination of luck and each person's vision. It is true that bitcoin investors have to make trade-offs and accept risks when investing in bitcoin, but if they are not lucky enough, I believe it will be very difficult to make a profit. Many people think that they make profits because they are good, but they do not think that in the process of holding and investing, they do not encounter any obstacles from life, it is thanks to luck that trouble does not come to them. Because I have met many investors with knowledge, skills... they are comprehensive in all aspects of the investment field. But in the end, they cannot become successful investors because life has too many events that cause them to give up their passion. Therefore, I still believe that any success has the presence of luck.

[danadc]

Is the profit of BTC holders just from luck?

Profiting of BTC holders can be from luck.  I cannot deny that the possibility of being lucky is the reason why some holders profit from Bitcoin.  Like when they engage in the Bitcoin market, after they buy their holdings and the market starts pumping.

But majority of Bitcoin holders who profits from Bitcoin  oftens have plans and studied the Bitcoin market, making them find opening position and buy Bitcoin at lower price and knowing the possible advantageous closing position and selling at a profit.

So I believe it is the combination of luck and wit that enable BTC holder to profit from Bitcoin.

You're right, the fact that we can profit from bitcoin is a combination of luck and each person's vision. It is true that bitcoin investors have to make trade-offs and accept risks when investing in bitcoin, but if they are not lucky enough, I believe it will be very difficult to make a profit. Many people think that they make profits because they are good, but they do not think that in the process of holding and investing, they do not encounter any obstacles from life, it is thanks to luck that trouble does not come to them. Because I have met many investors with knowledge, skills... they are comprehensive in all aspects of the investment field. But in the end, they cannot become successful investors because life has too many events that cause them to give up their passion. Therefore, I still believe that any success has the presence of luck.

Those who benefit the most from bitcoin are those who have always had it and are currently enjoying its benefits, but there are many investors who have bitcoin and have not sold a bit, because they know that they will have more profits when it rises to more than $100 k, then they are not going to sell for anything, that is a reality, things for investors and in investment have always been like this.

Those who buy now are not stupid, they know that they can buy at the limit because the bitcoin will increase in price and they will only be able to enjoy when it is very high, that is the only thing that should be looked for, those who do not have a vision of bitcoin in the long term or in the future cannot think of becoming a millionaire, he who buys secretly, who anticipates when the price falls is an intelligent person, and those are the ones who can have the most benefits.

[Shamm]

Actually we couldn't say that it is pure luck cause everyone  knows that profiting in Bitcoin is a serious thing it will need more discipline and self control.  Like what other said above those investors buying some bitcoins before when the value is too small and hold it until date then one thing for sure they will partying cause they made a huge profits.  But like what I said it's too difficult cause there's a chance that the temptations will almost hit them they almost sell their Bitcoin. But they can manage their self and then now they got a big profits.

[nurilham]

Actually we couldn't say that it is pure luck cause everyone  knows that profiting in Bitcoin is a serious thing it will need more discipline and self control.  Like what other said above those investors buying some bitcoins before when the value is too small and hold it until date then one thing for sure they will partying cause they made a huge profits.  But like what I said it's too difficult cause there's a chance that the temptations will almost hit them they almost sell their Bitcoin. But they can manage their self and then now they got a big profits.

Indeed. There is no pure of luck to get profits on Bitcoin. Before people buy Bitcoin, there should a research first about when the right time for buying (entry). People also set a target for their exit time, they don't take profits in a random way. These are serious efforts, it requires good knowledge or skills, too. So, people don't invest in Bitcoin like they are playing gambling. It is untrue that people assume to get profits by the luck. 

Sure, people also need to be patient and discipline in Bitcoin investment. If people can't do these, they may be influenced by the FUDs and fail to get profits. It is not easy to hold Bitcoin, we need to have strong mentality.

[sulendra12]

• Is the profit of BTC holders just from luck?

Nop, if you are just simply holding and wait patiently then most of the time you are in profit. Unless you are getting distracted with the price crash or have something urgent to pay.

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

Holding and getting profit from Bitcoin has improved my life since I first interact with this. With so many repeatable profit and opportunity then of course I keep holding it especially when the price is surging really high like today.

• When will you hold BTC until?

Whenever I need the money and I think that it's enough for me to grab the profit and wait again until a good time come. Even though the price was bad like in 2018 but it will go back like today, but of course it takes time.

[Bananington]

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.

A lot of patience, research and learning, observation of the market movement, may be required to gain good profit from BTC. Money is also one luck factor that makes the whole thought of BTC investment very valid.

It then depends on the individual to decide if it's to trade or HoDL BTC and for how long as well. One thing is that the longer one HoDLs BTC or accumulates it, is the assurance of profit they get. Although it may not be as huge as the profit made from instant or accumulated trading over time.
One needs more than just luck  to gain profit from BTC investments. IQ and technic or strategy is the key that would unlock the lucky door of profit eventually.

[atamism]

Actually we couldn't say that it is pure luck cause everyone  knows that profiting in Bitcoin is a serious thing it will need more discipline and self control.  Like what other said above those investors buying some bitcoins before when the value is too small and hold it until date then one thing for sure they will partying cause they made a huge profits.  But like what I said it's too difficult cause there's a chance that the temptations will almost hit them they almost sell their Bitcoin. But they can manage their self and then now they got a big profits.

Indeed. There is no pure of luck to get profits on Bitcoin. Before people buy Bitcoin, there should a research first about when the right time for buying (entry). People also set a target for their exit time, they don't take profits in a random way. These are serious efforts, it requires good knowledge or skills, too. So, people don't invest in Bitcoin like they are playing gambling. It is untrue that people assume to get profits by the luck. 

Sure, people also need to be patient and discipline in Bitcoin investment. If people can't do these, they may be influenced by the FUDs and fail to get profits. It is not easy to hold Bitcoin, we need to have strong mentality.

Agreed and +1 to this. I don't see any luck in here to earn or to get profit. If you really want to enter in here, you should have the knowledge how the market goes and really need to research about the coin you want. If you they really want to invest they need a lot of discipline, self-control, and patience. Bitcoin is not for soft people, bitcoin is for the people who face risk no matter what.

[SquirrelJulietGarden]

Agreed and +1 to this. I don't see any luck in here to earn or to get profit. If you really want to enter in here, you should have the knowledge how the market goes and really need to research about the coin you want. If you they really want to invest they need a lot of discipline, self-control, and patience. Bitcoin is not for soft people, bitcoin is for the people who face risk no matter what.

Luck is more correctly to use for traders and gamblers who don't do research, learn about Bitcoin's fundamentals, basics about trading and investment, but want to join and want to get rich quickly.

Hence they bet and hope they will luckily win, get profit with their trading or investment, or even with leverages.

However, it is oppositely with investors who already did due diligent research about Bitcoin and understand about this market as well as carefully manage their capital, risk and don't leverage their position. If they get profit from investment carefully like this, I don't see they luckily get profit but they actually well-deserved with any profit they achieve.

[Nrcewker]

I have seen Bitcoins growth. To be honest at first I also didn’t believe in Bitcoins. But back in 2018, when I saw the capability of the coin, I changed my mine, and started investing in it. I regularly buy the coins and hold it. If you ask me, for how long, I will hold, then I don’t have any answer for that, but definitely I will keep on holding as long as I don’t need the money invested in Bitcoins. Bitcoins are limited in numbers, and hence it will definitely grow into the biggest digital asset of the world and decade.

[Bushdark]

Actually we couldn't say that it is pure luck cause everyone  knows that profiting in Bitcoin is a serious thing it will need more discipline and self control.  Like what other said above those investors buying some bitcoins before when the value is too small and hold it until date then one thing for sure they will partying cause they made a huge profits.  But like what I said it's too difficult cause there's a chance that the temptations will almost hit them they almost sell their Bitcoin. But they can manage their self and then now they got a big profits.

There is nothing like profiting from holding Bitcoin is lucky attempt, there is nothing kike lucky because even holdung is a serious work one has to learn because it's never easy for us to keep holding when the price of Bitcoin keeps moving up and down.
It takes an understanding person to hold Bitcoin at this time when all we could here is sell, you have made profit the market is going down. This is more of an understanding for us to keep holding to earn the reward of being patient as an holder.
There is nothing like luck here, we merit the rewards of holding.

[bitzizzix]

investing in Bitcoin has advantages and disadvantages that potential investors should consider, and one of the main benefits of investing in Bitcoin is its high profit potential.
However, it is not just luck, although luck is also involved, and timing or strategy plays a big role in generating profits. The value of Bitcoin can fluctuate, so buying when the price is falling can increase your potential profit if you sell when the price of Bitcoin rises again and here we have to be able to manage the time. And the longer you spend holding Bitcoin supported by your respective strategies and skills, the greater your profits will be because the long-term value of Bitcoin will continue to increase.

[OrangeII]

People who have taken advantage of Bitcoin today are not lucky. They get this from their choice to take risks, and defend against FUD. That's not something that's easy, especially when you've held the bitcoin you've had for a long time, and consistently add to that asset.

Well, I only have a small amount of bitcoin as of now, and am still holding it. I think that the price of bitcoin could reach $100k in the future. In addition, I think, people who are holding bitcoin until now also share the belief that the price of bitcoin will be very high in the future.

I've been holding bitcoin for a long time. Unfortunately, I'm not consistent with that. I sometimes sell some of the bitcoins that I have, so until now, I don't have many bitcoins. However, I plan to try to increase my investments in the future.

[Inwestour]

investing in Bitcoin has advantages and disadvantages that potential investors should consider, and one of the main benefits of investing in Bitcoin is its high profit potential.
However, it is not just luck, although luck is also involved, and timing or strategy plays a big role in generating profits. The value of Bitcoin can fluctuate, so buying when the price is falling can increase your potential profit if you sell when the price of Bitcoin rises again and here we have to be able to manage the time. And the longer you spend holding Bitcoin supported by your respective strategies and skills, the greater your profits will be because the long-term value of Bitcoin will continue to increase.

You can try to buy and sell, but this will be trading and it will definitely not give you any advantage, if you are not a professional trader, it is too difficult to beat the market. But if you are a holder, then you don’t need to try to beat the market, you can buy Bitcoin using the DCA strategy, and be sure that in the end it will bring you profit in any case. And in a bull market, you should define a goal or goals when you start selling, and this will determine how much profit you can make. Holding will always beat trading, this truth is available to everyone, so why test it on yourself if you can just buy and hold.