Quote from: meanwords on August 26, 2020, 01:17:12 AM

Quote from: bitcoinst on August 25, 2020, 07:17:16 PM

Who said that bitcoin is no longer profitable?

Keep in mind that some might win but more are losing in trading. That whale only profited because he was smart enough to invest in a dumping phase and sell it high at around $12,000. As of now, Bitcoin is losing price again which means a lot of people who invested around $11,800 lost money.

This just goes to show that if you know what you're doing you could play a long waiting game and still ensure profitability. The whale could potentially have waited longer and got higher rewards but I suppose everybody has to draw a line while calculating their risks. The reason I'm saying this is that by the end of the year one would predict a higher price than 12k. In any case, cryptocurrencies provides us all with new opportunities just like back in the day cheap housing was an opportunity for the last 2/3 generations of out time.