Topic: "Bitcoin investment is the key to success" - page 6. (Read 861 times)

Any investment has a specific purpose. Someone dreams of buying a house and is waiting for the right price, while someone needs a laptop, and for this, they sell their Bitcoins. It would be a mistake if you, OP, spent money from the profit on useless things, but you bought an item that can serve as an assistant for you to earn money in the future. I did the same, but in my history, this is already the second laptop and several household appliances. Why else should we invest if not to provide ourselves with what we need? I often repeat that life is given once, and waiting for a successful tomorrow can be very difficult if we do not take care of today.

I suggest you spend more time in this forum. You need to get more knowledge and experience. This forum is a place for Bitcoiners to share and discuss anything about Bitcoin and crypto as a whole. Although it is not a must to be active in this forum, but you must get more benefits if you become an active member here. Trust me!!

Selling your Bitcoin for laptop isn't a bad decision, specifically if you have no alternative at the moment. You also said that you have got profits, it means you succeed with your Bitcoin investment. So, you actually don't need to regret it, you have done the right way for your life.

By the way, if you keep your Bitcoin, you may get more profits but you can't study properly at university without a laptop. What for your Bitcoin asset if it can't help you? Everyone has a priority in his life, your priority was buying a laptop at that time. You've done the right way by selling your Bitcoin asset and bought a laptop. You can start collecting again Bitcoin when you have money in the future.

You mean you have collected some Bitcoin and you have just sold your Bitcoin?
If it is not for an urgent need, you probably still don't understand when the best time to sell your Bitcoin. We are heading the bullish season, Bitcoiners sell their Bitcoins during the bullish season. They will wait for the Bitcoin price passed their last ATH, then they prepare to sell the Bitcoins. I don't know whether you have an urgent need again, but surely you will regret it because you sold your Bitcoin too early.

I more or less understand what you feel OP. You have a little regret after you see how bitcoin continues to increase this year. In fact, over the last 3 months Bitcoin has continued to close the month with positive increases. And when you see this of course you will feel a strange feeling within you. But at least you have done the right thing. You sell the bitcoins you have collected to buy a laptop that you really need for your college assignments. So all you need to do is don't give up on making more money and start reinvesting in bitcoin with DCA. And remember don't FOMO. Because markets don't always go up, there will always be a correction. But because it is currently approaching the Bitcoin Halving, expecting a big decline is a bit unlikely.

But you also have to stay focused on your studies. Don't let your concentration be disturbed. It's better to reduce your time looking at the market. Unless you are studying the market in preparation for accumulating bitcoin again. But if you don't have any plans to invest again. So it's better for you to concentrate more on your studies. At least you have enjoyed selling your bitcoins to buy a laptop that you really need.

Nothing to regret when you invest in your education because it will help to have jobs and earn money in rest of your life. It is essential for you and regret about this educational investment is unreasonable.

Be realistic like Bitcoin from now will not give you like x100, x1000 profit as it did years ago. ^[1] It's because Bitcoin marketcap is big already and assume it can help you to x2 or x4 your capital in 2024 or 2025, I am sure it is not what to feel regret too much.

Because with education and jobs, you can earn x2 or x4 of that money easily.

[1] https://casebitcoin.com/charts#roi_chart

I presume OP regrets they could not have any choice other than purchasing a laptop with their invested money.

A lot of times people wrongly believe the path to success is well paved and every millionaire had no tough times but invested close to nothing and had an increasingly better life style and social status.

It is probably rather a melancholic thing than a regret.  The thought and memory of having Bitcoin one day that could of been worth more now.  But it is what it is.  OP is not late anyway.  I can call it 'Missing the Train' if some body misses a Bitcoin run.  OP has not missed the train yet.

You made the right decision at the right time because it is good you get what you want at the right time than wait for long without having it done.
Your initial plan of saving bitcoin during your college days is the best thing you have don and it has encouraged you because Bitcoin saved you when you need it, therefore, you did no t regret your saving and you are happy Bitcoin is still here for you to invest again.

Since you have freelancing work doing right now, you can still be saving in bitcoin through DCA method; meaning you will be be saving some percentage of your savings in bitcoin monthly or weekly.

Do not let greed control you, as sometimes you think that the price of Bitcoin will rise sharply. Instead of buying one computer, you can buy two, and so on. Suddenly the price collapses and you are forced to sell for half the price of what you wanted to sell a while ago. If you can keep Bitcoin until it rises to the price of 100,000, then do so. And sell when everyone is greedy and wants to buy.

Sure it is.

But there's a condition for that in order to be the key to success. Investment is not just about putting your money in an asset, or anything that will give you money in the long run, it is also about discipline, and how you will manage your profit and holdings. If you're the kind of person that will eventually do some panic selling or always selling your holdings just because you wanted to buy something you want, then I'm afraid it ain't gonna last long before you could sweep all of your hodlings.

I appreciate your honest sharing of your Bitcoin journey. It's commendable that you utilized your initial investment to address essential needs, such as education and a laptop. While you may have missed out on potential gains due to the recent bullish market, remember that financial decisions are often about balancing immediate needs with long-term goals.

Considering the current market trends, it's wise to explore ways to gradually reinvest in Bitcoin when feasible. Keep an eye on your financial situation, and when possible, consider allocating a portion of your funds for long-term investments. The crypto space is dynamic, and opportunities may arise again. Best of luck with your future investments!

It doesn’t really matter; being greedy always stems from being profit-blind, and greed shouldn’t be allowed in any kind of investing. Why did you initially make the investment? Was there no financial benefit to you? If not, you should be pleased that your investment was profitable and that you were able to make a meaningful use of it. Don't regret it because it was done for a worthy cause. You should be appreciative because there are people who invested in bitcoin but were unable to profit from it. Since education is a vital aspect of life, you made the proper choice in selling those coins to get a laptop for yourself. Bitcoin is an investment that you may participate in at any moment, so it's never too late to start investing again.

Bitcoin has a lot of potential, but no one knows how far it can go in price. As the next bitcoin halving approaches, everyone is expecting a tremendous price increase, much like the last one. Since then, we've been in a bear market, and you may have been lucky to have sold your bitcoins since the market is full of ups and downs, and there was a point when we had a tremendous fall, so who knows if you would have sold at a loss during that period, due to the downturn, many people ended up selling at a loss.
Holding bitcoin when you have financial problems seems pointless to me, why suffer when you have money to spend? I'm not suggesting it's a good thing, but when you're desperate and have no other option, you can sell a portion of it but not all of it.

Indeed bitcoin is a key to having financial success in life, but unfortunately enough not everyone have the experience of this on their little time being with bitcoin, when we don't have the desirable knowledge of how bitcoin network operates, how to make a investment and earn from it, we may only be of partaker but not having anything to show that we have indeed made a success with bitcoin, we must understand the idea others uses to get what the generates as result and be ready to do it the way it is being expected.

I think Bitcoin isn't the key to success but its an alternative way to reach success (by money). If Bitcoin were the key to success, everyone should be successful using or at least involving Bitcoin in their businesses or their job... but in reality, that's not the case. Moreover, there are many ways to achieve success without Bitcoin. (I don't mean to underestimate Bitcoin, but it fact).

You seem very confident about Bitcoin, but it appears to be based on your feelings as you haven't provided mathematical reasons for it. According to the data I've gathered, in mid-2022, its price was around $20k. While it's true that you can profit from investing in Bitcoin and selling it recently, it's not the only path to success. Congratulation!! Bitcoin being able to help the financial burden of your education.

Urgent needs sometimes make people sell their Bitcoin because there is no other option to cash in other than making the decision to sell Bitcoin.
Other benefits you will get are greater when you buy equipment to support your needs such as a laptop by selling Bitcoin because if there were other options that you could cash in, I don't think you would make the decision to sell Bitcoin which you want to keep as a long-term investment.

Once you have a laptop, you can actually complete your tasks and you still have the opportunity to return to trying to earn Bitcoin with the income you might get through the work you do with the laptop.
It is not always good to maintain if other very important needs are ignored.

Your laptop is cool. I really want to have it and plan to buy it when Bitcoin reaches $45k because currently the need for a new laptop is not urgent. So I can still do my work using my old laptop and hold the Bitcoin I currently have in my wallet.

You exchanged your Bitcoin for a laptop, which is a practical decision considering your needs. It would be best to have a laptop for your work and freelancing, so there is no reason for you to regret selling it. Bitcoin cannot function as a laptop, and while you may not have sold at peak value, you are fortunate to have enough Bitcoin earnings or holdings to purchase a laptop. Some individuals sell their Bitcoin during low market conditions due to unforeseen circumstances and do not profit from it.

I understand how you feel. Next time, try to sell your holdings at a price you won't regret later. Set a price with the mindset that you won't regret it, even if it continues to increase.

Hardly can we eat our cake and still have it, if you must do well in bitcoin investment and cryptocurrencies in general, you must learn not to regret actions you yourself took in good fate.
You might have sold your bitcoin to buy a laptop, And feel that you shouldnt have sold the bitcoin, but have you thought of what you stand to benefit from the laptop you bought? I believe you bought the laptop because you really needed it for your study, why then are you regretting?, would you have done without the laptop? Then why don't you sell it and invest the money back into bitcoin.

Lets see how that goes...

There's no need to regret because you already used the money in a good thing. that you have to purchase a thing which is surely helps you in your freelance, studies, as well as here in forum. What really important is you already have knowledge about investing in bitcoin so if ever you have a money to invest, at least you already know what are you going to do with your coins.

Personal investment is mostly for material goals, and when you have met life's difficulties through investment, it is a success. So there's nothing to hesitate about, because you yourself understand that the journey has just begun, and the opportunities for bitcoin are never ending.

I remember in the past I once sold 1BTC/$300 just to spend on living expenses, and to this day I am always grateful to bitcoin for the opportunity it brings not only in terms of profit but all jobs in this field. In the age of information technology, when many people still do not have the opportunity to access the Internet, for those of us who know bitcoin and have investment opportunities and even jobs, it is always a great luck.

Why are you regretting it? You said it yourself, you sold the BTC for a laptop — for your "essential tasks". What was your alternative? Fail your classes just so you can have more bitcoin?

Don't put too much importance on gains. Because knowledge(depending on what course you're taking and why you're taking it in the first place, I guess) can go a long long way.

Although I am a new user I haven't spent much time here on this forum. But I already had some knowledge about Bitcoin since mid 2022. At that time I was in college and knew about Bitcoin since that time I saved my college stipend money and invested it in Bitcoin and gradually saved fractions of good Bitcoins there. When I collected and invested my stipend, Bitcoin was at a much lower value, and I made a lot of profit at this point. I might have made more profit if I had held it longer, but I bought the thing by selling bitcoins for one of my essential tasks. I had an opportunity to study in university after completing my college life and there I really needed a laptop but didn't have enough money to buy it, family financial problems were also a lot. Having no choice, I sold my invested bitcoins to buy a laptop for my work needs, and I decided to study there as well as freelancing. However, the current bullishness of Bitcoin that I see in the market seems to indicate that Bitcoin will rise even more very soon.  If I had held on to my bitcoins I might have made more profit when the bull market started. But I have no way to do this because I don't have money, but I will try to raise money and invest again in bitcoins to hold on. However, I have benefited from selling my bitcoins currently and using them for my needs, but I feel like I missed out on a huge profit.