Profiting from BTC: just luck?

[JollyGood]

Good for you. I hope you keep hold of your Bitcoin for a very long time and do not sell even when you get tempted to do so.

So, your account was created in 2017 yet your posts start on 24th January 2024 and you have made 120 post since then. What happened to all your other posts. Furthermore, such as the effort you out in to creating the OP yet you returned to make just one post as a follow-up.

It does look suspiciously like many other accounts out there that are trying to increase their rank by creating threads inviting members to respond yet when they do not receive merits they give up on the thread. Any comments?

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

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[amihada]

For those of you who patiently hold Bitcoin for the long term, that person is on the side of luck, I mean holding it for the long term is difficult to predict.
For those who hold it for the short term they can predict or study the market.

[Hallroom]

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, everything has a reason and we worked on it. So we deserve it.
2. Yes, I am indeed Bitcoin holder since day 1
3. I think for me, forever. I hold Bitcoin multiple bear markets and multiple bull markets and I still hold them until now. At the same time, I can use my Bitcoin as an emergency fund, just incase whatever happens.

It is better to invest in bitcoins for a really long time, the longer you can hold the bitcoins the more you will gain. Bitcoin has only had a recovery and with all the unique jewelry if you were to guess at the price it would definitely be Bitcoin at the top. Bitcoin is only suitable for long-term investment, and you will experience the most losses when you invest. So invest in Bitcoin get ready to earn benefits properly.

[Nheer]

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.

Hahaha this is funny, i think i might have to go to jail until the bull run is over LOL… I think you have a point here, holding bitcoin is the most difficult thing in bitcoin investment especially during the times of decline in it price. No one wants to see their investment decline so that’s why they tend to sell off their holdings when it’s not going well, when your eyes is fixed on the price movement you can get easily tempted to sell so you don’t lose too much and most investors feel that is the best strategy for them. Also i feel people sell their bitcoins mostly because they spent more money on it than they can afford to lose probably too much to handle any lose or drop of value. The person who actually thought of this and made this statement probably knows how it feels to hold and only a few people can withstand the pressure and not sell during a downturn, so being forced can be the only way for some people.

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?

Giving my opinion,

1. I think the profit of bitcoin is not always based on luck, luck has its own play though but knowing what you are doing and knowing how to manage your investment is what determines a person’s success. You will not always be lucky and if luck comes if you don’t apply wisdom you may still end up losing what you have made.

2. I am a bitcoin holder and a believer, I believe in it because of what it have achieved so far and it’s potential to grow even bigger and achieve more.

[EarnOnVictor]

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

• Is the profit of BTC holders just from luck?

The truth is that most beneficiaries of the success of Bitcoin only took risks, no one knows what would surely become of the coin and it could have happened in the opposite. In the beginning, it was a project of trial and error, but as time went on, it became a success and the success is a very huge one as we all see today.

Be thankful if you are one of those who knew Bitcoin early enough and also took that bold step. But I feel for those who knew it at that time and wanted to invest but did not have the money, that's the most painful part. But we all have to know that in all asset investments including Bitcoin, no one knows it perfectly, and for Bitcoin, it is cheap and easily propagated and accessible. When you invest in it at a good price, then you are lucky in my opinion. Not that you are one kind professional, it is merely a cheap risk taken that becomes a huge success.

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

Yes, I am. First, I've never doubted the prominence of Bitcoin, only that I have different investment goals and plans, which made me miss the money in Bitcoin. But since 2022, I've tried myself to HODL and trade Bitcoin more often and the results have been good so far. This is however purely an investment opportunity and I need to be smart with it.

For this, on detecting the slightest bearish trend of the coin in the long-term disposition, I will divest 70% of my Bitcoin portfolio immediately. I am not a blind investor.

• When will you hold BTC until?

Just as I said above, when a bearish pattern is seen, I will divest my Bitcoin. That will be totally dictated by my trading chart. I will be using the weekly and monthly charts together to decide rightly. I don't know why I should continue to hold my Bitcoin when I know it would devalue in a big way. It is better to reinvest at lower levels for more profit earnings when it has done the selling in the long-term scope.

[snowpega]

<Snip>

Well dear your shared meme is really impressive. Although we know that Bitcoin is the kind of all digital currencies and it has proved itself over time we know the day when it was trading for only some cents and today we can see its trading price where it stands alone against all other trading currencies in the market with the biggest market cap. Well the Bull Run of 2021, there were no such big involvements of big companies in it like Blacroak, there was a time when Blacrock also hated Bitcoin, and haha what now? they are also involved into it by investing a huge amount.

In the case of 2024, Some facts make Bitcoin even more bullish, because the involvement of big institutions and companies wins the trust of other big investors which in result more amount of volume will come into Bitcoin. Involvement like Blackrock, Approval of ETF, El Salvador using it as its legal tender makes it more bullish.

[FanEagle]

Of course not, it is not even remotely close, we are doing something special here and that must be the most important part. I feel like the most important part of bitcoin investment is to be aware of it. If you buy and hold then you are going to make money, it is as simple as that. And yet we are seeing people not investing clearly, we see people buy in, either for short term or long term, and then sell before they should.

This shows that it does require skill, it is easy, no luck required and yet still people may end up losing money because they do the wrong thing. I think the best thing to do at this point would be letting it be a bit more sitting without moving, if people can do that, they will see how easy it is to profit.

[Questat]

Big NO because are not gambling here OP who is only hoping for luck but people are here because of their positivity and believing that Bitcoin will give us a fortune. I was certain of that and I know for sure you are not hoping for luck as well instead looking for some assurance. In fact, as we can see, a lot of people earn a lot of money in investing Bitcoin more than those who are not which is far different from those gamblers who win rather than lose.

Unless we don't know what we are doing.

[Nanga Parbat]

For those of you who patiently hold Bitcoin for the long term, that person is on the side of luck, I mean holding it for the long term is difficult to predict.
For those who hold it for the short term they can predict or study the market.

If we hold any investment for a long time, it can give us quite a good return, like buying land and investing in Bitcoin.  But before investing in such an estate, we must research it.

 If we don't search and invest without anyone searching, then we can talk luck if we have profit in this asset.  There are some coins in crypto currency that can be good long term investment, but you also know that crypto currency is very volatile that anything can happen anytime.  Therefore we should not invest in any asset without doing some research.

[amihada]

luck has no target for those who invest in bitcoin without a target so when they make a profit that is called lucky luck, but if those who invest in bitcoin have a target for example they will keep it for the long term and over time they have saved it and the price rises drastically they sell They didn't have any luck with these bitcoins, but they had been waiting for the results of their hard work for a long time.

[Luzin]

~snip~
In the case of 2024, Some facts make Bitcoin even more bullish, because the involvement of big institutions and companies wins the trust of other big investors which in result more amount of volume will come into Bitcoin. Involvement like Blackrock, Approval of ETF, El Salvador using it as its legal tender makes it more bullish.

There is no luck. This progress proves that the crypto Industry is growing. Trust gives a tremendous demand effect and it is always predicted in advance. So this process is not luck but a trust and sacrifice. There is no repeat luck, those who properly understand will try many techniques to add to the profit. So this is not gambling, we have an analysis that needs to be done to get it all together.

[EluguHcman]

Every sectors and criterials in investments do have the encountering of the UPs and the DOWNs which you can only find your emotions normalized and untroubled only when you understands that there is no just short ways to boycott the Down side of it but although you manage the depressive side of it by so tactical analogical rhythms on knowing when to place order for restocking such as the DCA and when to sell off when you realizes you have made profits and then you sells off and strategies to purchase and restock again.

With the above methodology, you are only trying to manage the risky side of it that may bring you lost by eliminating greeds but if you feel your emotions is capable enough to withstand the situations as the market fluctuates being aware that even if the system is not being appreciating at a moment but you are sure that as long you keep holding, there would surely be an abundant profits double folding your incomes to erase your sentimental emotions held against the market when it was not so appreciating.

Hence you know how the system of Bitcoin runs at when it could stand against your wills and when it would stand with you but not guaranteed of the schedules when when it would come up to your interests and when it could go against your interests then I will agree it is proportionally to say it holds some natures of luck because you can not strive on your own and determine that today or tomorrow this is how the market would be but you would just accept it in any ways it serves you.
Although there is an assurance in Bitcoin that as long as you keep on holding it would surely come to your profitablities.

The lucky nature in Bitcoin is sighted by the investors emotional sentiments not really that Bitcoin is an lucky investment platform. Yes too, the volatility of the market is unpredictable just as when we says gambling is unpredictable and a game of luck, just how Bitcoin is but minal to risk for lost of funds because you can purchase one just one time and hodl until the profit term of the market is come and doesn't necessarily mean that you must keep on buying and holding with the thoughts that maybe you maybe benefited from either any of the multiple times you must have purchased your holdings.

It is unlike gambling that you would have to keep up staking and you may be loosing and one or some of your continues staking may earn you winning or not at all.

In a summary Bitcoin can be an investment of luck due to the fact that value in the future market is unpredictable but not one of the lucky days in gambling.

[WatChe]

Big NO because are not gambling here OP who is only hoping for luck but people are here because of their positivity and believing that Bitcoin will give us a fortune. I was certain of that and I know for sure you are not hoping for luck as well instead looking for some assurance. In fact, as we can see, a lot of people earn a lot of money in investing Bitcoin more than those who are not which is far different from those gamblers who win rather than lose.

Unless we don't know what we are doing.

There is a widely spread misconception about Bitcoin that it can make you rich over night and people coming to bitcoin with this intention got nothing but loss. To get good profit in Bitcoin you must have some investment plan with you that for how long you are willing to HODL. Buying on 60k and selling on 70k will give you a small profit. The real profit is to buy when Bitcoin went under 20k and then HODL till the time Bitcoin crosses 60k. Of course it takes lots of courage and patience.

[Smack That Ace]

Big NO because are not gambling here OP who is only hoping for luck but people are here because of their positivity and believing that Bitcoin will give us a fortune. I was certain of that and I know for sure you are not hoping for luck as well instead looking for some assurance. In fact, as we can see, a lot of people earn a lot of money in investing Bitcoin more than those who are not which is far different from those gamblers who win rather than lose.

Unless we don't know what we are doing.

There is a widely spread misconception about Bitcoin that it can make you rich over night and people coming to bitcoin with this intention got nothing but loss. To get good profit in Bitcoin you must have some investment plan with you that for how long you are willing to HODL. Buying on 60k and selling on 70k will give you a small profit. The real profit is to buy when Bitcoin went under 20k and then HODL till the time Bitcoin crosses 60k. Of course it takes lots of courage and patience.

People with this mindset are mostly newbies because they do not have much knowledge and experience in the market. As for those who have existed in the market for a long time, no one has this silly thought. Although bitcoin cannot help us get rich quickly, I can say that getting rich from bitcoin is faster than other investments and that is why we choose bitcoin. Making profits from investing in bitcoins is based on one's knowledge, it does not depend on luck and that is why not everyone who invests in bitcoins makes profits.

[Outhue]

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 don't believe that the profit from holding bitcoin comes from luck, its been proven so many times how valuable Bitcoin is, with low max supply and also four years halving, there is no way that Bitcoin won't have its good time when you hold, all you need to do is buy when no one wants to buy, when dumps are happening, thats the best time to start buying.

I am a BTC holder and to this day I am still accumulating Bitcoin, I believe that Bitcoin is a good choice of investment, and it's also a good store of value, including the fact that it's the only decentralized asset that works and stays decentralized.

I decided to keep accumulating Bitcoin as long as I can, even in my retirement days in the future I will always have some Bitcoin and I will teach my children about Bitcoin too, i strongly believe that Bitcoin will bring me all I wanted in this life and it will also bring me a more comfortable life than anything else.

[retreat]

I don't think it's luck, because the majority of Bitcoin investors expect profits from Bitcoin investments since they see that Bitcoin has the potential to grow in the future - these investors believe that the more people adopt and trade Bitcoin, the more its value will increase. , and this will be able to give them the profit they expected. Moreover, Bitcoin has economics and reliability which makes many people trust their transactions to be completed using Bitcoin, and this will maintain the value of Bitcoin now and in the future, and if an investor believes in this, they can invest to gain profit from that price development.

[AicecreaME]

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

1-2. It's not about luck, it's about believing on it's potential, once you fully understand it, you'll never doubt it. Seeing the price itself since it was released on the Blockchain is a solid proof that it is better investment than anything else.

3. I will hold it for a lifetime. I will keep on buying the dip using DCA or whenever I feel that it dumped so much on a certain support that's good for buying. I will never let any opportunity to slide when buying and hodling bitcoin because the profit in the long run is incomparable than storing your money in a bank.

[RockBell]

Big NO because are not gambling here OP who is only hoping for luck but people are here because of their positivity and believing that Bitcoin will give us a fortune. I was certain of that and I know for sure you are not hoping for luck as well instead looking for some assurance. In fact, as we can see, a lot of people earn a lot of money in investing Bitcoin more than those who are not which is far different from those gamblers who win rather than lose.

Unless we don't know what we are doing.

i agree with you that profiting from BTC  is not luck a lot of people are finding it difficult to differentiate doing crypto and gambling and you can not use the same strategy to operate the two because they are different, and if you want to use the mind set of gambling to trade bitcoin then you will end up always losing money.  you should be able to differentiate between the two then you will know which step to take when addressing the two. and the time the person use in looking for luck can be used to study and if you study and your understanding is clear then you do not need to pray for luck.

everything about bitcoin is always based on events so it is left for you to do your research and know the available and the nearest event to know how to make use of it,  and people earning while investing or even trading bitcoin so everything lies on understanding.

[Kristiyana]

luck has no target for those who invest in bitcoin without a target so when they make a profit that is called lucky luck, but if those who invest in bitcoin have a target for example they will keep it for the long term and over time they have saved it and the price rises drastically they sell They didn't have any luck with these bitcoins, but they had been waiting for the results of their hard work for a long time.

You're right man I think those people who invested in bitcoin without a target they can only profit from bitcoin when luck is on their side,but there are some people who planned very well before investing in bitcoin,they might decide to make a long term investment with it,just imagine making investment in bitcoin when it has no value and you're patient to reserve it till this time.i think you're profiting from the long term investment you made not been lucky to profit from bitcoin either.

[Vincom]

Hahaha this is funny, i think i might have to go to jail until the bull run is over LOL… I think you have a point here, holding bitcoin is the most difficult thing in bitcoin investment especially during the times of decline in it price. No one wants to see their investment decline so that’s why they tend to sell off their holdings when it’s not going well, when your eyes is fixed on the price movement you can get easily tempted to sell so you don’t lose too much and most investors feel that is the best strategy for them. Also i feel people sell their bitcoins mostly because they spent more money on it than they can afford to lose probably too much to handle any lose or drop of value. The person who actually thought of this and made this statement probably knows how it feels to hold and only a few people can withstand the pressure and not sell during a downturn, so being forced can be the only way for some people.

-cut-
Giving my opinion,

1. I think the profit of bitcoin is not always based on luck, luck has its own play though but knowing what you are doing and knowing how to manage your investment is what determines a person’s success. You will not always be lucky and if luck comes if you don’t apply wisdom you may still end up losing what you have made.

2. I am a bitcoin holder and a believer, I believe in it because of what it have achieved so far and it’s potential to grow even bigger and achieve more.

Clearly, BTC holders have to endure a lot of pressure and difficulties to make a profit from the price increase of BTC: the market downturn, FUD, whale manipulation, consumer demand in life... I also think that saying "BTC holders only profit from luck" is an act of denying all their efforts in researching and following this market.

Perhaps BTC holders are not lucky people, they are people who have the right faith in the development potential of BTC!