Topic: 18, holding my bitcoin and looking forward :) - page 2. (Read 749 times)
You can sell anytime as long as you are seeing impressive profits on your investment. But if you’ll wait for a bullish market, then that will definitely give you a deserving harvest. My only advice to you is never to marry your investment or your bitcoin itself. You can set it as your future goal and do everything to get it, but if you fail and lose on your investment, don’t be totally affected on it. There are a lot of opportunities in the market, learn to invest but never expect profitability most of the time.
I see that you have an interesting plan in mind regarding your involvement with Bitcoin and your financial activities, I would advise you in the first instance to continue learning about Bitcoin and how it works.. As you further understand its technology and its potential impact on the system financial, you will be able to make more informed decisions because BTC has other characteristics that are quite attractive in addition to the ones you mentioned, Bitcoin has the potential to provide significant profits, my perspective on this investment is long term... I try not to make impulsive decisions based on daily fluctuations instead I focus on the big picture and your long-term financial goals.
Being a student and from personal experience because I am also a student, I would tell you that it is important to have rigorous control over your expenses. Therefore, keep a budget and make sure you live within your means. In addition to your Bitcoin focus, consider setting up a long-term investment and savings plan… this helps me a lot in building a solid financial foundation and protecting myself in the event of unforeseen changes in the market… without further ado. Good luck in your studies and in your financial activities!
Being a student and from personal experience because I am also a student, I would tell you that it is important to have rigorous control over your expenses. Therefore, keep a budget and make sure you live within your means. In addition to your Bitcoin focus, consider setting up a long-term investment and savings plan… this helps me a lot in building a solid financial foundation and protecting myself in the event of unforeseen changes in the market… without further ado. Good luck in your studies and in your financial activities!
Whether you invest in Bitcoin long term or short term is entirely your personal decision. I just feel it from a really deep interest. I can't do any math on it. The reason is that everyone is very interested in Bitcoin. It sits right where Bitcoin was. It went way up, it doubled and then halved again. If you can afford to wait and risk losing your investment, it is worth holding onto your investment for the long term.
It is important to know what to do before you do it though. Sure you can do long term or short term holding, but if you start short term and become long term it may not be a much issue, however if you start long term and turn to short term then that could be a huge issue for you.This is why it's smarter to make sure that you end up with something more sensible in that regard and could make a big change in the end. I know that it will take some time but it could also be something more to care about as well. I know that it will not be that simple, and I know that it will take a while but as long as it goes along with your pattern and strategy, then you could do whatever you want, there is only caring about sticking with it.
I am 18 yo
schooling in private college
I flip stuff for cash part time regularly to make some extra cash
I have 1 Bitcoin @ 29k & I keep about $3000 in cash in my bank as emergency fund
schooling in private college
I flip stuff for cash part time regularly to make some extra cash
I have 1 Bitcoin @ 29k & I keep about $3000 in cash in my bank as emergency fund
I am actually amazed that an 18-year old person can accumulate 1 BTC at their disposal. The fact that you also allocate your emergency fund implies that you know how to manage your finances. If I had that kind of money at my disposal when I was 18 years old, I would have most likely spent in on other stuff.
I really admire that you also know your priorities as young as 18 years old. You understand the mechanics and fundamentals of BTC and on how it can improive its price later on. Continue what you are doing OP and this will definitely reap rewards in the future.
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I have 3 months study break so I am most probably gonna take on a job to fund the bitcoin , trying to fund as much as I can before the halving in 2024
The BTC halving that will happen this 2024 is one of those key moments that almost everyone is anticipating. With the price of BTC sitting comfortably around $29,000, there is a huge chance that its price may increase, thereby increasing almost everyones's value of BTC in that time.
I just hope I have your resilience and patience when it comes to these things. I am having a hard time managing my finances and I hope I can learn a thing or two from you, OP.
No one can predict what the next ATH will be and you could be left holding your bags if you're waiting for that before you sell. It's better to set a realistic target and wait for that price to be hit before selling.
For example, I expect that we will break the $100k mark during he next bullrun, I can make $90k or $120k my target price and hodl till it hits that, regardless of how long it takes.
Indeed, no prediction is 100% accurate, and sometimes even the trend changes 180 degrees from bullish to bearish in a matter of minutes. For example, I expect that we will break the $100k mark during he next bullrun, I can make $90k or $120k my target price and hodl till it hits that, regardless of how long it takes.
Of course, realistic targets are needed so that there are no mistakes in taking which price limit will be sold.
$100k is the base price of ATH that can be achieved, the lower limit of sales is $90k and the upper limit of sales is $120k.
Such a sales strategy is quite effective, selling part at the lower price and the other part at the upper price target.
Then the profit can be maximized and not miss sales at the main target price.
OP get lucky due young age have 1 bitcoin in his wallet and difference with my self know Bitcoin after pass on college but ever have many bitcoin but not hold yet, I think very good decision from OP holding bitcoin as many possible actually still on 18 years old and have beneficial at the future with bitcoin will going up more than first time investing by OP. Current Bitcoin price drop few percent from OP investment, right now drop to $29,000 but don't worry for OP price bitcoin will back.
Its not bad ideas when having 1 Bitcoin trade as short term due still not close yet with halving time and has chance for OP get double his bitcoin due price change raise $1k until $2k in this months. I am appreciated with OP still as student have mindset with investing in Bitcoin and hold it for long term, not any necessary needed and have parent supported with financial I think OP can get many bitcoin as holding assets before halving time.
Its not bad ideas when having 1 Bitcoin trade as short term due still not close yet with halving time and has chance for OP get double his bitcoin due price change raise $1k until $2k in this months. I am appreciated with OP still as student have mindset with investing in Bitcoin and hold it for long term, not any necessary needed and have parent supported with financial I think OP can get many bitcoin as holding assets before halving time.
First of all you can't say that at the end of 2024 you can sell your Bitcoin, are you sure that it's up to 100k$ per Bitcoin at that time? What if end of 2024 Bitcoin remain at 30k$ only in the market? Will you sell it?
Of course you will be waiting for a few months, years depending on its price, because we know Bitcoin's price value is volatile, and no one really knows what will happen in 2024. Though many are expecting high on this particular only be 100k $ each of Bitcoin's but it is still a prediction to this day.
Of course you will be waiting for a few months, years depending on its price, because we know Bitcoin's price value is volatile, and no one really knows what will happen in 2024. Though many are expecting high on this particular only be 100k $ each of Bitcoin's but it is still a prediction to this day.
I hope school keeps me busy enough to not think about bitcoin so i can HODL longer haha. Good luck to everyone and continue to HODL !! it will be worth it 
I know this is just your joke, but don't be too subjective because everything in the future is unpredictable. always improve your knowledge of bitcoin and the market so you don't fall behind, and the more knowledge you have, the better you understand bitcoin thereby helping you to be more confident in your investment.
I admire you as a student being able to hold the amount of bitcoin that many people are dreaming of. i don't know if bitcoin can make you richer, but it will make your life more worthwhile.
But imagine OP as a student owning BTC at early age would be a advantage for him. So whenever how many years would it take if he decided to hodl Bitcoin as if it doesn't exist for him then good for him because whatever the market would be for sure it would reach high amount than this year. By that time as he hodl Bitcoin he could also invest at his knowledge since he's too busy enough at school where he could also add Bitcoin subject for him to learn. We learn everyday even people who started early are still learning today. Maybe if OP studying in PH, I think it would be hard for him to keep up as the educational system here is too hard. Imagine your class starts at 8AM then ends at 6PM you can't even do any extra curricular activities by that time.
This is a good suggestion as I think so too. Instead of targeting sales at the end of 2024 or 2025, it is better to target sales at the highest price like the upcoming ATH.
No one can predict what the next ATH will be and you could be left holding your bags if you're waiting for that before you sell. It's better to set a realistic target and wait for that price to be hit before selling. For example, I expect that we will break the $100k mark during he next bullrun, I can make $90k or $120k my target price and hodl till it hits that, regardless of how long it takes.
I hope school keeps me busy enough to not think about bitcoin so i can HODL longer haha. Good luck to everyone and continue to HODL !! it will be worth it
I know this is just your joke, but don't be too subjective because everything in the future is unpredictable. always improve your knowledge of bitcoin and the market so you don't fall behind, and the more knowledge you have, the better you understand bitcoin thereby helping you to be more confident in your investment.
I admire you as a student being able to hold the amount of bitcoin that many people are dreaming of. i don't know if bitcoin can make you richer, but it will make your life more worthwhile.
I am 18 yo
schooling in private college
I flip stuff for cash part time regularly to make some extra cash
I have 1 Bitcoin @ 29k & I keep about $3000 in cash in my bank as emergency fund
I have 3 months study break so I am most probably gonna take on a job to fund the bitcoin , trying to fund as much as I can before the halving in 2024
Wow, congratulations for your mindset, being this smart and thinking about the future in that way, when you are 18 years old, it's not common at all! Just keep doing your researches about bitcoin, keep investing, and don't worry when the market goes down, you have a whole life to see a lot of new ATH. I seriously wish I was this smart when I was 18, kudos to you! schooling in private college
I flip stuff for cash part time regularly to make some extra cash
I have 1 Bitcoin @ 29k & I keep about $3000 in cash in my bank as emergency fund
I have 3 months study break so I am most probably gonna take on a job to fund the bitcoin , trying to fund as much as I can before the halving in 2024
I do find myself rather left out sometimes .. I
never interested into getting into a relationship
never partied before
never smoked
never had a sip of alcohol
don't really spend money . ( Took me 2 years to deciding to buy a PS5 as a treat)
I don't know how to really describe this but teenagers around my age these days are really questionable.
also ,
I did not expect to get so many support from the bitcoin community , i would like to thank you guys.
I got my bitcoin in my cold storage(trezor) . I hope school keeps me busy enough to not think about bitcoin so i can HODL longer haha. Good luck to everyone and continue to HODL !! it will be worth it
never interested into getting into a relationship
never partied before
never smoked
never had a sip of alcohol
don't really spend money . ( Took me 2 years to deciding to buy a PS5 as a treat)
I don't know how to really describe this but teenagers around my age these days are really questionable.
also ,
I did not expect to get so many support from the bitcoin community , i would like to thank you guys.
I got my bitcoin in my cold storage(trezor) . I hope school keeps me busy enough to not think about bitcoin so i can HODL longer haha. Good luck to everyone and continue to HODL !! it will be worth it
Instead of putting a time frame to sell why not have a price target. Rather than planning to sell in Kate '24 or early '25 you can target when Bitcoin reaches $100k in value or more?
-snip-
This is a good suggestion as I think so too. Instead of targeting sales at the end of 2024 or 2025, it is better to target sales at the highest price like the upcoming ATH. -snip-
But need diamond hands to do that and don't be affected by the FUD that suddenly appears.
Just believe in the price target to be achieved and hold it.
The Bitcoin cycle continues to run, and now that Bitcoin is approaching Halving it will certainly be a good opportunity to enter.
When an 18-year-old teenager has accumulated 1 BTC and has a $3k Fiat reserve it is also extraordinary.
Even when I was 18 I didn't have any assets.
You have started early and pretty glad you have a good grasp of the bitcoin. You a plan and you are sticking to it. Great job.
The government cannot "turn off" bitcoin. The only way they can do it if ever they want to try is to turn off the entire internet, which is not possible. Another way they may choose to do this is to try and gain control of all the miners and execute a 51% miner attack on the network. No matter how long they try to fight it, soon enough they would realize that as a means of survival amid economic and social challenges.
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The only thing that can stop bitcoin is probably the government.
The government cannot "turn off" bitcoin. The only way they can do it if ever they want to try is to turn off the entire internet, which is not possible. Another way they may choose to do this is to try and gain control of all the miners and execute a 51% miner attack on the network. No matter how long they try to fight it, soon enough they would realize that as a means of survival amid economic and social challenges.
Bitcoin as an investment tool is just temporary, it’s originally designed to become a legal currency in the future. But seeing the more people will come to identify and invest in bitcoin, the bigger the promotion it makes so that it will be a co-currency with fiat in the future. It takes time but I guess we’re actually heading there.
Temporary? most of people are use Bitcoin as an investment, I don't think it even reach 1% people who're use Bitcoin as a currency. Bitcoin will be used as an investment even most of countries already accept Bitcoin as legal tender, this is because many people feel remorse after they use Bitcoin to pay something.They think Bitcoin price could be higher and they will sell in the right time, not every time you use Bitcoin to pay something during Bitcoin price at the peak.
You are really going to need a part-time job since you've said that you're still a student for you to avoid selling your bitcoin because you need some cash to pay your bills and your needs.
I don't recommend waiting 'till 2025, sell some portion of your holding when bitcoin reach $69,000 and sell the rest when it makes another all time high price, which we all know that's gonna happen after the halving. The next move would be waiting for the dump, to buy again and hodl for the next halving.
I don't recommend waiting 'till 2025, sell some portion of your holding when bitcoin reach $69,000 and sell the rest when it makes another all time high price, which we all know that's gonna happen after the halving. The next move would be waiting for the dump, to buy again and hodl for the next halving.
Whether you invest in Bitcoin long term or short term is entirely your personal decision. I just feel it from a really deep interest. I can't do any math on it. The reason is that everyone is very interested in Bitcoin. It sits right where Bitcoin was. It went way up, it doubled and then halved again. If you can afford to wait and risk losing your investment, it is worth holding onto your investment for the long term.
Bitcoin as an investment tool is just temporary, it’s originally designed to become a legal currency in the future. But seeing the more people will come to identify and invest in bitcoin, the bigger the promotion it makes so that it will be a co-currency with fiat in the future. It takes time but I guess we’re actually heading there.
However, it’s a good thing that you are not being greedy with bitcoin and invest on it like it’s a get rich quick scheme. Maybe because you know its purpose well more than you see it as a profitable investment. So just keep that kind of mindset and for sure, you’ll have a bright future with bitcoin.
However, it’s a good thing that you are not being greedy with bitcoin and invest on it like it’s a get rich quick scheme. Maybe because you know its purpose well more than you see it as a profitable investment. So just keep that kind of mindset and for sure, you’ll have a bright future with bitcoin.
The only thing that can stop bitcoin is probably the government. After understanding the purpose of bitcoin it gave me more confidence on buying it and not seeing it as a 'investment' but more of a freedom digital currency.
Times without number government have tried all their best they could do to stop bitcoin but they couldn't, and I want to let you know that government can't stop bitcoin, Bitcoin will continue to exist for the next generation . Understanding the purpose of bitcoin will make you realise why you need bitcoin and must invest it, for those who are very lucky to embrace bitcoin and understand it purpose will always find reasons to invest in it. Op you are doing a right thing by investing in Bitcoin, it time coming you will see the benefits of hodling Bitcoin.
I am 18 yo
schooling in private college
I flip stuff for cash part time regularly to make some extra cash
I have 1 Bitcoin @ 29k & I keep about $3000 in cash in my bank as emergency fund
I have 3 months study break so I am most probably gonna take on a job to fund the bitcoin , trying to fund as much as I can before the halving in 2024
I have been researching on bitcoin for a few months now and by researching I meant like the purpose of bitcoin and I see how it is so much better than fiat(cash) . The only thing that can stop bitcoin is probably the government. After understanding the purpose of bitcoin it gave me more confidence on buying it and not seeing it as a 'investment' but more of a freedom digital currency.
I am gonna start deciding to sell it at end of 2024 , but I guess i could wait till end of 2025.
Hopefully bitcoin can save me from this crazy inflation and break me out of this financial crisis.
If you guys have any tips , do let me know ... I would be very grateful for it.
Good planning. I think holding is best policy. Because who will buy bitcoin in this deep and hold that bitcoin he will get big profit in future. I think in future Bitcoin price will touch $100k or more. But who will buy bitcoin and hold he will get big profit there has no doubt. Patience is good for gaining. If anyone invest on bitcoin and hold it tightly he will be profited it is sure. And when bitcoin mining will end Bitcoin price will go moon. And many people will remove from financial crisis. So my advice please buy bitcoin in deep and hold it tightly your life will be Seattle financial crisis will go so far. schooling in private college
I flip stuff for cash part time regularly to make some extra cash
I have 1 Bitcoin @ 29k & I keep about $3000 in cash in my bank as emergency fund
I have 3 months study break so I am most probably gonna take on a job to fund the bitcoin , trying to fund as much as I can before the halving in 2024
I have been researching on bitcoin for a few months now and by researching I meant like the purpose of bitcoin and I see how it is so much better than fiat(cash) . The only thing that can stop bitcoin is probably the government. After understanding the purpose of bitcoin it gave me more confidence on buying it and not seeing it as a 'investment' but more of a freedom digital currency.
I am gonna start deciding to sell it at end of 2024 , but I guess i could wait till end of 2025.
Hopefully bitcoin can save me from this crazy inflation and break me out of this financial crisis.
If you guys have any tips , do let me know ... I would be very grateful for it.
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