Whenever I trade and make a profit, does someone else lose?
For example, I've been watching an altcoin market for three years and knew that a certain currency always triples in value going from x to 3x in a couple of months. Having spare money avaliable I put some in to test the strategy and I'm close to my 3x at the moment.
My question is, whenever I trade and make a profit is there always going to be someone who's made a loss or is this an odd way of thinking? Could it be that these people are losing a small amount of money or that these people are buying a coin by going (I'll put 10% in that) so as to not really matter if it profits or. Loses as it generated a stable ish value.
yes, that is the nature of trade that can generate profits behind people who suffer losses. for example, you buy coins at a low price from someone who sells them in panic and the coins you have can be stored in the long run, but coin stock is limited so the coins you have for a long time are more valuable in the market, so this is called trade speculation before inflation