Profiting from BTC: just luck?

[Ale88]

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

• Is the profit of BTC holders just from luck?

It's always funny when people say "oh, you've been so lucky to buy bitcoin at X price", and I mean in general, not in my specific case because I didn't even get in that early. Wy do I think it's funny? Because to invest in bitcoin you don't need to be super smart, you just need to have a minimal understanding how what is going on with fiat currencies and, if you do, then it's a no brainer investing in it. People who talk about luck really have no idea what they are saying and they will never understand and invest no matter what you explain to them.

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[lovesmayfamilis]

If we talk about luck, then there are certainly people, and we may know some who were lucky enough to meet Bitcoin and believe in it, becoming holders of some amount at the beginning of Bitcoin. These people today can call themselves lucky. Someone remembered that he had bitcoins and did not lose access to them, while someone purposefully went for a good price and is skimming the cream today.
But if we talk about myself, I’m not a lucky person from the early days; however, I consider myself such since I met Bitcoin on this forum and became its owner with a serious decision.

[South Park]

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

• Is the profit of BTC holders just from luck?

It's always funny when people say "oh, you've been so lucky to buy bitcoin at X price", and I mean in general, not in my specific case because I didn't even get in that early. Wy do I think it's funny? Because to invest in bitcoin you don't need to be super smart, you just need to have a minimal understanding how what is going on with fiat currencies and, if you do, then it's a no brainer investing in it. People who talk about luck really have no idea what they are saying and they will never understand and invest no matter what you explain to them.

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.

[GideonGono]

We invest on it, we HODL, we earn.
It wasn't luck that we gain profit from it, we risk our money by investing in the project knowing that it have a great future.
We couldn't call it luck since some of us endured the FUD and cashing out whenever the price pumps up in the past.

[Asuspawer09]

Well, there is luck involved of course when it comes to cryptocurrency, but it doesn't really mean that all of the Bitcoin depends on luck, just like gambling I mean when it comes to gambling that is probably where luck is a huge part of it, but still it is still wasn't one hundred percent going to be all about luck at all. There are still going to be strategies, pattern, analysis etc. that is going to contribute in order to win on a gambling, on sportsbetting we could say that no one is going to predict who is going to win the match at all, but if you could analyze every player or know whose the stronger one that could easily overpower its opponent you could predict that it is probably going to win, it still wasn't one hundred percent but still going to increase your chances.

It is going to be similar to profiting on Bitcoin, it wasn't all luck, but it is going to involve luck, I mean there are only a few people that are able to invest in Bitcoin when it was just around 100$ something like that, There is luck enough to risk their money on Bitcoin at that they even though they know that there was no guarantee that Bitcoin is going to increase its market price. You could totally do a lot of analysis and research about the market in order to make a prediction since the market is driven by supply and demand, something that could say that movement in the market is going to depend on news, rumors, etc. that is why some people buy rumors are able to make some a profit on it.

[Oasisman]

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

• Is the profit of BTC holders just from luck?

It's always funny when people say "oh, you've been so lucky to buy bitcoin at X price", and I mean in general, not in my specific case because I didn't even get in that early. Wy do I think it's funny? Because to invest in bitcoin you don't need to be super smart, you just need to have a minimal understanding how what is going on with fiat currencies and, if you do, then it's a no brainer investing in it. People who talk about luck really have no idea what they are saying and they will never understand and invest no matter what you explain to them.

This is a relatable scenario, I get this several times already and I have responded them like "yeah, I am lucky I was able to understand how bitcoin works and listened to my intuition when everybody else still stick to their doubts and up until now they still didn't own a single fraction of bitcoin." It's indeed ridiculous if someone says you're lucky you got this and you got that when you're blessed financially, the thing is, it isn't really just luck, it is a personal decision and believing with yourself throughout the whole process of such decisions.
Not believing in bitcoin in the first place is also a personal decision, being unlucky or lucky is how the people described it as an outcome, but then again it's far more than that.

[adaseb]

Yes those that got rich by investing in bitcoin were lucky if they bought it early. I would say if you bought in 2015 at $200 you were the early ones. Later in 2018 the lowest price was around $3-4K and since we peaked at $70K I guess the gain would be substancial if you bought lots of it. A small investment of $1000 wouldn’t of made you rich like in 2015 or earlier.

Right now the way to become rich is with all these meme coins pretty much. Look at that wifdog token. Many became extremely rich if they bought a small part of it early on. Same with shib and Pepe last cycle. These are how millions are made not by investing in bitcoin.

[kotajikikox]

If profiting in Bitcoin is just a luck then we can call your work payslip is like a ticket in lottery that you are not sure if you will be paid tomorrow or not?
because imagine investing your money is based on luck , then why are we fooling ourself in investing seeking luck when we can just goto casino and gamble our investment so the bigger chance of getting luck.

We invest on it, we HODL, we earn.
It wasn't luck that we gain profit from it, we risk our money by investing in the project knowing that it have a great future.
We couldn't call it luck since some of us endured the FUD and cashing out whenever the price pumps up in the past.

Dunno what does this thread means  and where did OP get that stupid Idea but it is not even worth believing .

[2Pizza410000BTC]

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?

1. Profit for BTC holders never comes from luck, of course patience, risk are all necessary to be successful, success is achieved only when risk, patience can be taken forward. Those who believe in fate and sit idle, like this picture, happen in real life.
2.Of course I am a bitcoin holder. Future success helps me hold on to Bitcoin. I've seen the success of Bitcoin from its inception until now. Those who have persisted have had so many successes so far that the successes have completely changed their lives.
3. I will hold my bitcoins until I get success in my holding bitcoins. But I will hold until new ATH is generated in the upcoming bull market after my bitcoin halving.

[Plaguedeath]

Everything in this life are full of luck.

It's a luck for me to join this forum, bitcointalk isn't popular if you didn't search it by yourself.
It's a luck for me to rank up to Hero rank, I can't control anyone who give merits to me.
It's a luck for me to participate in a campaign, a campaign manager can choose anyone who've applied.

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

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...

[jasonjm]

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. BTC holding requires a lot of patience to maximise profit. BTC holders believe in a process and technology; the profit is not just because of luck. The market dipped a few days ago due to the dumping of a large amount of BTC mined in 2010. The reason why I am quoting this is that you have to trust whatever you are doing and be patient; in the end, you will get a ton load of cash.

2. Yes, I am a BTC holder.

3. I am thinking of holding BTC for another 10 years at least. I might use some of my BTC holdings for an emergency.

[Wakate]

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. BTC holding requires a lot of patience to maximise profit. BTC holders believe in a process and technology; the profit is not just because of luck. The market dipped a few days ago due to the dumping of a large amount of BTC mined in 2010. The reason why I am quoting this is that you have to trust whatever you are doing and be patient; in the end, you will get a ton load of cash.

2. Yes, I am a BTC holder.

3. I am thinking of holding BTC for another 10 years at least. I might use some of my BTC holdings for an emergency.

Maybe it could be a luck for some set of people but not everybody. There are people that had invested in Bitcoin when the price was about to fall and they end selling because they could not bear the loses again. The luck comes in when we don't have idea about the market and we quickly invested in Bitcoin and surprised that the price started going bull without our knowledge of knowing what actually happens to the market that makes the price keep going bull. This can be seen as luck but not to someone that already have idea about the market and knows when to buy and when to sell. We need to try getting continuous skill about the market.

[lalabotax]

Who said  this?
Of course, NO.

It is not a luck  but an investment. When we have decided to invest in Bitcoin, we should really understand that the price of Bitcoin will continue to increase quite drastically in the bullish era or before. As is currently being experienced. BTC's price has risen very quickly in just a few weeks. so this is not luck, but the wait paid off.

We invest on it, we HODL, we earn.
It wasn't luck that we gain profit from it, we risk our money by investing in the project knowing that it have a great future.
We couldn't call it luck since some of us endured the FUD and cashing out whenever the price pumps up in the past.

Surely, surely.
Even though many people say, there is always luck in it, but that's not the concept. BTC has its own cycle, and if in the past we didn't know what the future of BTC would be, then maybe we were quite lucky. But now, we already understand a lot about the concept of BTC, its bearish and bullish eras, and also some of the FUD that was given during the journey. And how BTC can get through it. And when BTC was this high, they said it was just luck. sh*t with those words.

[boyptc]

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.

[AmoreJaz]

Yes those that got rich by investing in bitcoin were lucky if they bought it early. I would say if you bought in 2015 at $200 you were the early ones. Later in 2018 the lowest price was around $3-4K and since we peaked at $70K I guess the gain would be substancial if you bought lots of it. A small investment of $1000 wouldn’t of made you rich like in 2015 or earlier.

Right now the way to become rich is with all these meme coins pretty much. Look at that wifdog token. Many became extremely rich if they bought a small part of it early on. Same with shib and Pepe last cycle. These are how millions are made not by investing in bitcoin.

But you can say it also that you are in luck, if today, you bought it at 68k and few years later, the price will be 200k. Who knows? That is, if you are manage to keep it and not sell it early. We don't know the future of this market, so if you truly believe the potential of btc, you will be doing something today like accumulating while you can.

[batang_bitcoin]

Right now the way to become rich is with all these meme coins pretty much. Look at that wifdog token. Many became extremely rich if they bought a small part of it early on. Same with shib and Pepe last cycle. These are how millions are made not by investing in bitcoin.

And I think this trend will last even up to the next cycle but those that are late on the party, they'll have to deal with it that they're already late with these meme coins. Whilst for the early bitcoin buyers, they're also lucky and at least for me I've got a bit of it and can be said of being lucky. @OP You tell what's luck for you if you bought early or you discovered bitcoin and you studied about it and then decided to buy in a lumpsum or in a DCA method.

[DanWalker]

Who said  this?
Of course, NO.

It is not a luck  but an investment. When we have decided to invest in Bitcoin, we should really understand that the price of Bitcoin will continue to increase quite drastically in the bullish era or before. As is currently being experienced. BTC's price has risen very quickly in just a few weeks. so this is not luck, but the wait paid off.

There is no success without luck, including investing in bitcoin. If you can buy bitcoin at a cheaper price than many others, that is also called luck, you are luckier than many people to have the opportunity to contact bitcoin earlier. But saying that doesn't mean we rely entirely on luck to make profits from bitcoin. It can be said that to be successful, it is necessary to combine many factors and luck is also one of those factors.

We invest on it, we HODL, we earn.
It wasn't luck that we gain profit from it, we risk our money by investing in the project knowing that it have a great future.
We couldn't call it luck since some of us endured the FUD and cashing out whenever the price pumps up in the past.

Surely, surely.
Even though many people say, there is always luck in it, but that's not the concept. BTC has its own cycle, and if in the past we didn't know what the future of BTC would be, then maybe we were quite lucky. But now, we already understand a lot about the concept of BTC, its bearish and bullish eras, and also some of the FUD that was given during the journey. And how BTC can get through it. And when BTC was this high, they said it was just luck. sh*t with those words.

Those who say that we rely entirely on luck when making profits from bitcoin only prove that they are jealous of us, they are not happy to see us succeed and make more money than them. This is a common behavior in today's society. Every time you are more successful than them, they will say you are lucky but they will never say you are good.

[justdimin]

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

• Is the profit of BTC holders just from luck?

It's always funny when people say "oh, you've been so lucky to buy bitcoin at X price", and I mean in general, not in my specific case because I didn't even get in that early. Wy do I think it's funny? Because to invest in bitcoin you don't need to be super smart, you just need to have a minimal understanding how what is going on with fiat currencies and, if you do, then it's a no brainer investing in it. People who talk about luck really have no idea what they are saying and they will never understand and invest no matter what you explain to them.

It is true, it looks like people keep throwing it as a lucky decision for many, but I have seen a lot more people who were here and didn't buy then the people who did. I have been here for ten years now, even a bit more, and during those times, I have seen countless amount of people who had hard time getting in, they were fearing it and they didn't do it.

I think that's the most important part, I believe that people who did, did so thinking that it's a risk and they were not sure but they had the courage to do it. Even if it ended up badly for them, they took a risk and in life sometimes you need to take risks to make some money, there is no way that you could end up with a great result all that easily without taking any risks.

[LogitechMouse]

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. No it isn't. Investors are making profits because they know what they're doing when it comes to investing. Investors are making profits because they have knowledge that will help them to make better decisions. Luck might be a factor in making profits especially when you invest in a coin that has a low market cap, but most of the time, better decisions, and knowledge are the main reasons why investors are making profits.
2. Yes I'm a BTC holder, and I've been holding Bitcoin ever since I started my journey in cryptocurrency way back in 2017-2018. My belief that I will make money through investing in Bitcoin made me hold it as well, and I guess most here have the same reason as to why they choose to hold it.
3. Until the peak of the bull market or at least when I feel that we're in the peak already. I know, I know that there are some here who want to hold Bitcoin forever, but as an investor, I believe that if there's an opportunity to sell your assets, sell it. I support the technology, and I support crypto in general, but I'm investing to make money.

[AnonBitCoiner]

• Is the profit of BTC holders just from luck?

People work according to the market condition so if they work accurately then they become able to get the reward but if they fails to take steps accurately then they may loss money. It is not a luck because luck is only used in case of gambling where your knowledge does not work.

You have to control your emotions throughout your earning duration and when market is against you then you think Wisely to take a better decision so it is not a luck but instead it is a struggle to do better through stronger concept and better knowledge.