Topic: 18, holding my bitcoin and looking forward :) - page 5. (Read 749 times)

Wow, you doing well mate, Congrats! Sell at the end of 2025 that is probably where the Bullrun is since Bitcoin halving is around 2024 the expected pump will be around 2024-2025 for sure.  I did start on cryptocurrency as well when I was a student, when I was in college as well and it was really great to know this kind of stuff because I was able to earn this amount of money, I mean as a student this kind of money was only earn but someone who has a job so I was really happy about that. But I guess the advice I could give you is to actually invest in a passive income when I earn a good amount of money when I was a student, I didn't really have the right mindset, my mindset was it's okay for me to spend my money on things just because I'm still a student and eventually I'm going to land a job and that is when I'm going to start saving.

When you already have the money invest it on something that could give you passive income, it wasn't need to be something like a business since your still a student, the safest investment could be real state, something like a rental apartment is great since it could provide you income monthly.

You are doing quite well for yourself I must say. Not many newbies would have such courage to HoDL, even if it is a fraction of the 1BTC you currently hold, mostly with the information of the halving bearing down for first quarter of next year 2024.
It is also wise to wait till 2025 before either selling or reinvesting you HODLing. At the very least we can agree that you seem ready to ride with other BTC holders during the halving.
Although the bull market season will be expected to follow afterwards, if you can remain focused in your HODLing and take time to carefully analyse how best and what best investment would fit your portfolio, it would save you more energy during harvest time.

If governments were able to have control, then long back itself any of the government or few country governments have united to have control over it. This isn't possible and same serves as the hindrance for the governments. For that purpose only, the governments have feared bitcoin and opposed the usage and tried to restrict people from using it.

Holding 1BTC is really good and the plan should be to sell and make a buyback once the price falls down. One should be careful with the trading practice too, because the same have the ability to increase the volume of holding.

I highly agree, the thing that happens in this failed tries is Bitcoin being more resistant to news about government being anti-Bitcoin.  In the earlier years, Bitcoin tends to react wildy when some news was issued about the government taking negative stance about Bitcoin, and most of these news came from China but now  whenever there is news about China being negative on Bitcoin, the Bitcoin market almost don't mind and have no reaction on it.



I also go with this idea.  It is better to have something fixed to target than something variable.  At least we will know the actual target price to sell after all we are looking for profit on this trade so it is better to set a target profit in our investments.

It's always good to see young people putting their time, and researching with regards to Bitcoin, or into different types of investments.
People of your age here in our place don't even know what investment is. What they only know is buying their wants, expenses, liabilities, and wait... watching Tiktok videos that only entertains them, and not learning something thru it.

Unfortunately, not all young people are even interested in investing. Anyway, the government can ban the use of crypto in their own country, but there's a thing called VPN, so I guess you can still access it privately. You said you want to sell it at the end of 2024. You're a believer of the 4-year cycle, eh? Anyway, that's also my target, or at least when Bitcoin reaches my target selling prices, but I might sell most of my Bitcoins when it reaches $100,000.

Tips? I guess many here already gave some tips to you, but if I'll give one, I guess it will be to keep yourself lowkey because you don't know what might happen to you outside your house especially if you are saying to all people around you that you are holding that amount of Bitcoin. I'm holding way lesser Bitcoins than you have, but I don't want to share it to anybody because it might affect my safety.

Government like we all know have tried, i mean government like china, this guys have tried, plus a host of others, they have tried and still trying, talk about the Security and Exchange commission(SEC) and some other financial security agencies, they keep trying and have never succeeded, if this guys have tried to stop bitcoin for this long and have continued to fail, it only proves one thing, and that is the fact that this guys can never succeed, and bitcoin can never be stopped.

And also, like upgrade said, better to have a price target to sell, than set a time period, think of it this way, what if by the end of 2024, the price of bitcoin is till at this same level, or just slightly higher, wil you still go ahead and sell? @op.

Glad to see someone so young interested and even wanting to invest in Bitcoin, glad to know you and welcome.
At this age, and already thinking about many things, that's an extraordinary thing. Getting a part time job while still in school, and continuing to want to increase income on the sidelines of school holidays is also an extraordinary activity for your age. Because maybe a lot of kids are just having fun at this age. Especially by seeing how you get money and dividing your money to invest in Bitcoin and also saving cash for your needs, this is actually a pretty good step.

It's just how in the future you will do various money management again. I'm sure you probably already know a bit about how crypto works, because you choosing Bitcoin is a very good and smart decision. Sometimes beginners prefer hype coins at the beginning of their investment career which results in big losses. But here, investing in Bitcoin is the best thing.

None can predict the market exactly true 100%.
But, if I were you, I think I will wait until the bullish era and Bitcoin passes its previous ATH. Commonly, the price will be rising up significantly in the bullrun and you can wait it for several periods after halving. And based on predictions, there is a big possibility in 2025.
But again, this will depend on how you manage your finances, you don't need to push yourself, the important thing is that you have earned profits and you yourself know your financial condition.

Oh, one more thing, if you want to invest and wait until 2025, it looks like you have to be vigilant in 2025. Make sure you see how the market is developing, take profits when you feel you've had enough. Because after all, sometimes we become too greedy and end up regretting that we have lost the moment or are too late to take profits.

You  have good ideas and aspirations towards financial breakthrough, however I will advice that you use a strategic selling techniques in other to make more profit. For instance , you can set price target from which you take profit  by selling portions of your Bitcoin holding.. totally exiting the market at once and then waiting for another deep is not too healthy as it may affect your profit if the  price continue going up.

The government can place some level of ban on Bitcoin that can hinder citizens from adopting Bitcoin freely but they can not permanently stop Bitcoin, despite the ban that have been placed on Bitcoin in some countries, some citizens in that country are still secretly accumulating Bitcoin.

Bitcoin can save your fiat from crazy inflation but to solve your financialy crises, am not sure it can totally do that for you but it can support your financial lifestyle. If you want to end your financial crises, you will need some other means of income like other investments and a job but if you only depend on Bitcoin, you will not easily end the crises that you are talking about.

2024 or 2025? too early! but I seriously admire your passion to break free financially for someone who is at that young age. Me, when I was 18 all I do is play video games and went to school to end up to a good paying job eventually, which is not wrong though, but lacking to venture and study more about how to earn more than what the high paying jobs could give you.
Now, while you're still in college, my advices is that, keep stacking those bitcoins wait for the right time to sell it. Maybe a year after you graduated when you decide to run your own business. The profit you could have with bitcoin in the 5 years would be enough to fund what you might need to put up any kind of business model you want in the future.
I personally can consider selling in 2024 or 2025 If I have set a target, let's say $100k and then bitcoin hits it eventually. Well, that's like 300% of profit from your entry point, so not a bad decision. 

Kudos to you for being able to save that much at such a young age. That's more than what most of us could do for themselves and I applaud you for that. As for your sell target. Like what others have stated here I say you put in a price target instead of a specific date as it gives you a much clearer goal to achieve than just saying that you'll sell it by the end of the year, makes it so that you're able to close out a positive sale too which is heavily necessary especially with how things are going so far. Plus you can't really rely that much on bitcoin to move you out of financial turmoil anymore since it's a volatile asset that could 100 to zero you in a matter of a day (although theoretically) which is something that certainly isn't going to be your biggest bet, so invest wisely, do your own research, and don't let FUD take over your thinking.

I agree with one of the reply that instead of setting a timeframe, I think setting a target price is much better.  We all know that Bitcoin is highly volatile, if in chance the price of Bitcoin is below than your buying price, would you sell it at a loss?  

Also, I do not need think that there is a need to expose your funds, asking question and seeking advice without revealing how much you hold is way safer since there are lots of scammers and opportunist that does not care about other people in the internet.  By exposing how much you have might put you in some uncomfortable situation cause by these kind of people.


The government may not stop the Bitcoin network because of its decentralized nature, but they can put pressure or even stop the adoption of Bitcoin in their country.  The government can limit the economics of Bitcoin by continuously putting pressure to its market.  We are lucky that each government have different view about BTC.  If they are all against it, then I do not know if Bitcoin market will exist normally just like today.

BTC good job, i would not tell anyone about your holdings.

Even the government cannot stop bitcoin for good. They can always ban or restrict it, but they can never put an end to bitcoin seeing a lot of bitcoin investors and traders are doing it secretly, away from the eyes of the government. Also, do not think that bitcoin will be good enough to sell at a certain year. You might be discouraged thinking for that especially if the opposite has happened instead. My advice is, sell if there are possible profits. But only a portion of it, not your whole bitcoin.

If you continue to chase bitcoin with your proper mindset, I know in the end you will achieve a great amount. You know, it’s seldom to see people in these days seeing bitcoin as a good currency since most of them would only want to invest only because of its high potentials to succeed. So keep going and be more motivated to learn about the utility case of bitcoin. In the end, not only you will end up having huge amount, but you will also come to promote bitcoin usage and adoption with your positive mindset about the freedom that only bitcoin has.

I think his context makes it clear that he is capable of taking on his responsibilities, a balance between the academic training part and ambition is essential, but remember that information is vital and it is not always good to be giving out so much insider information.

On the other hand, your speculation may come true, that is, 2024 and 2025 occur as you have planned, but it is also possible that this fact does not occur precisely on those dates, then, perhaps it would be the appreciation to control and You have a plan b, that is, whenever we project in relation to the price, hence things don't go as planned.

I like how you see Bitcoin as a tool for financial independence rather than just an investment. Digital is the future, and you're early. During the halving event, things usually get electric. Given inflation and economic instability, Bitcoin may be our lifeboat. Keep up with crypto developments and research. Participate in Bitcoin forums and learn as much as you can. Selling Bitcoins in batches may be a good idea. You never know how high Bitcoin can go. Consider selling in phases instead than all at once.

In my view, even governments have no power to stop bitcoin because it is decentralised. means it is not managed or controlled by any single entity or government. This means they could not stop Bitcoin, but they could ban or restrict the usage of exchanges, whether they are centralised or decentralised, to buy BTC. Such as the US banning Binance from providing their product to US Citizens.

But the implementation of such big laws is not that easy, and the level of ease depends on the country. Because some countries are banning crypto and capturing those who are involved in it. But some countries are promoting it. So, in which country are you? Will help you gain more BTC, and you should not worry about Governments.

Bitcoin had saved a lot of people from inflation and made them financially independent. My only tip for you is to avoid getting into fud because that's what's currently going on in the market. People will say the market is going to boom in 2024 or 2025. But you have to make up your mind about the profits you are expecting. Because if you are satisfied with your decisions, you will not regret them later, even if you have to bear some losses.

Bitcoin is one of the ways to grow your wealth. All holders who have accumulated bitcoins so far have seen dividends. If proper time is invested then surely you will get success. You hold bitcoin but bitcoin halving is coming in 2024 so definitely better to wait for halving. Bitcoin investment is best done for long term as everyone has high probability of two to three times increase in Bitcoin price overnight in next year 2025. So I think you should definitely wait till 2025 if you want to achieve better.

Interesting,you have 1BTC and I hope that you are not using a centralized platform to store your coins,because 1BTC is a big funds and keeping it safe from scammers should be your priority. Use a noncustodial wallet like electrum on an airgap device. Not your keys,not your coins,be in full control of your bitcoin investment.

You should know that the price of bitcoin will pump high and I will suggest that you should have a price target so that if bitcoin reaches that price you can sell of because nobody can predict the actual price bitcoin will hit in the next ATH. You are still very young and I know that with your little knowledge on bitcoin, you will have a successful bitcoin journey. If you can hodli for the next two circles,you will make higher profit