Topic: Can I really hold onto my bitcoins in the future? (Read 749 times)

I think one shouldn't be too aggressive when they are buying Bitcoin even if the price drops because the price of Bitcoin is unpredictable and we can't know whether it has already dropped enough or it will drop further, so one should always be moderate with their purchases so that they can buy more if the price dips more after their first purchase. So, I think the DCA method is the best if someone wants to make an entry into the market even at the current price.

It's never too late but only if you are making a long-term investment which means that you have planned to keep your Bitcoins for years to come and even if the price doesn't go to a point where you feel satisfied with the profits, you are completely okay with holding them for the next bull run.

Base on your write-up you where familiar with bitcoin since 2019, which would have be a nice year to start your Bitcoin hodling Journey, because at that time Bitcoin price was still very cheap compare to now which was around the price range of $3k . So by now you would be in nice profit as an early investor.

But sti it hasn't too late to start accumulating Bitcoin now , expecially now the halving is close and Bitcoin is going to drop in prices first before surging. And recently there are some evidence that the Bitcoin halving is really close which is the recent dips in price . So you can use this opportunity to be aggressive the way you can in your accummulating of Bitcoin while hodl. Just as others have said already after the halving they would be a nice increase in price in market , so hopping on now is still nice as bitcoin is still in its early stage.

Base on your write-up you where familiar with bitcoin since 2019, which would have be a nice year to start your Bitcoin hodling Journey, because at that time Bitcoin price was still very cheap compare to now which was around the price range of $3k . So by now you would be in nice profit as an early investor.

But sti it hasn't too late to start accumulating Bitcoin now , expecially now the halving is close and Bitcoin is going to drop in prices first before surging. And recently there are some evidence that the Bitcoin halving is really close which is the recent dips in price . So you can use this opportunity to be aggressive the way you can in your accummulating of Bitcoin while hodl. Just as others have said already after the halving they would be a nice increase in price in market , so hopping on now is still nice as bitcoin is still in its early stage.

Hello all forum members. I am new to this forum and this is my first post. I have been familiar with Bitcoin since 2019. In 2015, when I entered my Honors first year at university, my family situation was very bad financially. I told my family situation to the head of my university then sir gave me a job opportunity. In the house where Sir lives, he has a neighbor, an old woman lives there. The old woman's children lived abroad and had citizenship there. My job was basically shopping for him, withdrawing money from the bank, basically working as his runner.  He paid me $100 a month. I could save $30 dollars a month and put that money in the bank. The old lady died just three months before my honors final exams started. I worked under that old woman for three years and seven months. After completing the final exam, I was not sure what to do with the money, whether to keep it in the bank or not, then a friend of mine told me to invest the money in Bitcoin. I didn't think about it at first but I spent a month browsing the internet about Bitcoin. Later I became interested in Bitcoin. I withdraw my bank money and invest in Bitcoin. I don't know why I didn't sell Bitcoin when it reached its highest price.  Currently I am unemployed for three years after completing my studies. I am trying hard to find a job but luck is not helping me. I have two tuitions to support myself but it doesn't work like this, it has become very important for me to help my family. I don't know what to do now. Now the bitcoin market has increased a lot, should I sell my bitcoins? I will use it in a small business. Should I be given more time for the job? I have to take a decision in the next two months. Experienced members of the forum give me some advice what should I do.

 Currently I am unemployed for three years after completing my studies. I am trying hard to find a job but luck is not helping me. I have two tuitions to support myself but it doesn't work like this, it has become very important for me to help my family. I don't know what to do now. Now the bitcoin market has increased a lot, should I sell my bitcoins? I will use it in a small business. Should I be given more time for the job? I have to take a decision in the next two months. Experienced members of the forum give me some advice what should I do.

If you need a lot to sell right now you can sell your bitcoins but I don't know how much you bought bitcoins and how much you invested. But right now the market is around 70k if you want you can invest your bitcoins and if you can be patient for a while you can probably sell at a higher price because after some few days bitcoin will halve and the price will go up. Even then selling bitcoins is yours. Personal Decision You can sell according to your personal decision. But one thing should be remembered, if you can be patient for a few days, the result of patience will be very beautiful. Most people are not selling their investments right now because people are holding on for a year or a few years to see the next half and get a taste of the bull market after half. So hold off unless you need more I think you'll have more success.

Investing in Bitcoin will be a really good decision for you. If you hold long term in Bitcoin you will get much better return in future. But you have to be fully prepared for the long-term hold. This requires a good source of income, so that you can keep your investment for a long time without any interruption. Remember that if the investment is not long-term, you cannot expect anything good from it.

Bitcoin price is very low right now, it is very good opportunity to buy Bitcoin. Please don't miss this opportunity, if you want to invest, invest now and don't rush to sell. In future it will give much better amount of returns.

i give advice as a friend, improve your income first, then you can invest in bitcoin with peace of mind.

it's your decision whether to sell your bitcoin or not, you should know which one is best for you. but if i were you, i would sell my bitcoin and choose to open a business, because the most important thing is how we can secure income first, the issue of investing in bitcoin is a later matter, the most important thing is how we can have income. moreover, if you already have income, later you can also reinvest in bitcoin and build your portfolio again.

... I don't know what to do now. Now the bitcoin market has increased a lot, should I sell my bitcoins? I will use it in a small business. Should I be given more time for the job? I have to take a decision in the next two months. Experienced members of the forum give me some advice what should I do.

If you need a lot to sell right now you can sell your bitcoins but I don't know how much you bought bitcoins and how much you invested. But right now the market is around 70k if you want you can invest your bitcoins and if you can be patient for a while you can probably sell at a higher price because after some few days bitcoin will halve and the price will go up. Even then selling bitcoins is yours. Personal Decision You can sell according to your personal decision. But one thing should be remembered, if you can be patient for a few days, the result of patience will be very beautiful. Most people are not selling their investments right now because people are holding on for a year or a few years to see the next half and get a taste of the bull market after half. So hold off unless you need more I think you'll have more success.

Now the bitcoin market has increased a lot, should I sell my bitcoins? I will use it in a small business. Should I be given more time for the job? I have to take a decision in the next two months. Experienced members of the forum give me some advice what should I do.

It depends on your situation and the scenario playing around you right now. If you can wait for some months without it affecting your daily needs, then it is better to wait than rushing to sell your bitcoin. This is because after the halving we are still expecting a higher price than this. Bitcoin price peak which will be the recorded as ATH for this circle will be next year.

On the other hand, if you don't have any means of surviving, and it is a must for you to sell your bitcoin to survive, it is better that you sell it to survive, than hodling it so that you don't die and live your bitcoin investment. You should also take note that for you to be able to hodli your bitcoin investment for a long period of time, you must have means of income, so that situations like this, selling your bitcoin will not only be the option.

How long a person will hold his invested bitcoins depends on his investment strategy. There are many investors who invest short term and invest long term. But those who are true bitcoin investors and who want to hold a large amount of bitcoins opt for long-term investments.

If the emergency situation can still be met with other income or by increasing the amount of income through other work, I don't think this will be difficult enough for those who like to save Bitcoin in the long term by considering it as an investment for the future. The opinion you put forward is also quite reasonable because the goal is to be able to earn other income in order to maintain our own investment in the long term. But emergency situations can always be handled well if someone still has a source of income every month, because we don't have to use all the money we get to buy Bitcoin, although that's not wrong for everyone to do.

OP you said you decided to do business by selling bitcoins. Bitcoin halving will happen soon so expect to see Bullran in 2025. If you can hold on to your investment till 2025, you can expect to reap more profits.

Since you will need money for your family needs, it will be better to sell bitcoins for doing business. Now if you have profit in investment then you can start business by selling bitcoins. If you can make a profit from the business in the future, you can invest in Bitcoin again at some point. Now you consider which would be better.

I don't know what to do now. Now the bitcoin market has increased a lot, should I sell my bitcoins? I will use it in a small business.

You say you have two months to make a decision,the halving even is in less than two months. You can make you decision to sell after the halving if you haven't gotten any employment then.