Can I really hold onto my bitcoins in the future? - page 4.

leonair

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Quote from: Davidvictorson on March 27, 2024, 02:48:11 AM

Quote from: MrNata on March 27, 2024, 02:45:28 AM

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.

Yes Bitcoin price has gone up now $70k but in the next 23 days or so after the halving it will increase more. Be patient. 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.

Another suggestion for you while you wait is to try out odd jobs. They may not bring in big bucks but it is something you can do in the mean time while you wait to get employed or take the next decision after the halving.

There is no guarantee that bitcoin price will pump after bitcoin halving but there is a possibility so you cannot guarantee that bitcoin price will pump much after halving. Then it may happen that the price of Bitcoin will dump. Investment in Bitcoin is very profitable but long term investment and after investing in it you must accept that you have taken risk. And here's where you might lose if you're a panic seller and you have to accept that too. so if op have the ability of long term holding then op can invest on bitcoin as soon as possible

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Quote from: MrNata on March 27, 2024, 02:45:28 AM

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.

Personally, I'm struggling to really comprehend the message of this thread because you wish to sell your small bitcoin to start a business or keep looking for a jobe perhaps your should answer the question yourself. Non of us here could have the answer because it's a personal decision that you must take, hence it's more advisable to get a job and keep your life moving because bitcoin is not a get rich quick scheme and thous it can not give you a profit that will change your life the way you presume it.

For a good investment in bitcoin you need to have something doing either you own a business or yours or get a job that can pay your bills. Having bitcoin or coming into this forum doesn't mean you are going to make money but perhaps you can begin to trade if you have a good knowledge of it, so you could really help yourself.

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Quote from: MrNata on March 27, 2024, 02:45:28 AM

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.

I'll always choose the market over my personal jobs because there's no breakthrough in the real job, only committed to be under some random individuals who doesn't care about your best. We should be given the best advices because we need it to push forward in the system. I've never hold back from providing aides and in sectors I'm acquainted with. OP, you have everything within possession to make advance steps in life. There's no better feeling than been independent in the space, not working or having a boss. I know it's been really way out of plan but we have no choice than to settle for what we're seeing with our very naked eyes.

Barikui1

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Quote from: MrNata on March 27, 2024, 02:45:28 AM

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.

Investment is really a good thing, because it has the potential to change your financial situation for good in the future, but before investing in anything, wether Bitcoin, real estate, gold, diamond stocks, etc it's mandatory that you have another source of income and emergency funds, so that you won't have to think of your investment when faced with pressing financial needs like rent, feeding and some other basic needs, because if you didn't have any other source of income, you will definitely eat up your investment bit by bit till it's been run down, so in this your situation, I would advice that you withdraw everything and sort out your pressing financial needs, and when you have gotten a job or business, you can invest through the DCA method, knowing that you have a source of income that will sustained you till your investment goal is achieved.

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Quote from: MrNata on March 27, 2024, 02:45:28 AM

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.

Keep looking for a job and get any job that suits you. You just have to keep your expenses going in the beginning.
Once you save enough you can still hunt for a different job of your choice. This way you will be able to hold on to your bitcoins.
Meanwhile the price of bitcoin will touch another ATH and then may be you can decide to sell so that you can buy back at cheaper price or may be start a business or something.
Right now your best bet would be to find a job and just get started that's it.

cryptoWODL

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Quote from: MrNata on March 27, 2024, 02:45:28 AM

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.

OP I think you are still in the right place you just need patience now. Moreover, you can continue to run the small business you have so that you can support your family's finances with the money earned from that business and continue your Bitcoin investment. Actually I am saying these words because since you have invested in Bitcoin and have been able to hold it till now, wait patiently for some more time.

You said you made a profit on your bitcoin investment when the price of bitcoin reached its peak but now the price of bitcoin has fallen slightly so you hold it until the bitcoin halving takes place. After the Bitcoin halving, the market will go up again. If after bitcoin halving you don't have employment then you can sell your invested bitcoin height maybe it's totally your personal matter.

Spaceman1000$

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Quote from: MrNata on March 27, 2024, 02:45:28 AM

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.

Since you have bitcoin and it has yielded profit, you can actually take all your profit and certain percentage from your initial capital to help sort out your tuition fee issues. So you can be on Clear standing on your academic pursuit. I believe as a young person, you will certainly have more time to still invest in bitcoin, because right now you're facing some financial difficulties, so better you help yourself with what you have at hand. I believe in the future when you've had a sustainable job, you will certainly increase your bitcoin investment since before now you already have an idea of what the investment process is and how beneficial it is. So sell some portion of bitcoin in your possession in a bid to help yourself.

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Dear OP you should understand that the purpose of investing in Bitcoin is to be able to have your funds add up over a period of time so you can aswell Chanelle that funds into something else better for your life and not just saving up the fund's allowing it to double up without a purpose so if you have got a needed that can be solved by the money you have realized from Bitcoin, now that the price is high it must have done more than twice your capital, you can choose to withdraw now probably your profit and allow your capital to still grow some more again and not just leaving the money there while you keep struggling with life, then the purpose for your investment is defeated.

You can check how much profit you have Made already since you started investing in Bitcoin and than try to see if the profit is enough to take care of the Bills you have got at this point then make sure to withdraw only the profit a d leave the capital, it will still get to grow again and yeild profit for you after awhile again roo

reagansimms

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Luckily you have some funds in the form of Bitcoin which is very useful for you during difficult situations. Being unemployed is not someone's dream, but in reality you have to be prepared to go through difficult times by surviving with very limited money. Selling Bitcoin to use as business capital is not a bad idea, you can open up jobs with the skills you have and end the difficult times of being unemployed.

When you feel tired due to never getting a job, you should think wiser by opening your own job. The amount of money you save in Bitcoin can be used as capital to open your business, when you can make money from this business, you can re-invest in Bitcoin.

goldkingcoiner

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I would not sell before the halving. And I would not sell after, either. If you absolutely need to spend money, then go ahead but selling for the reason of being worried about the Bitcoin price will always go wrong. Either you believe in your investment or you do not but you need to make a choice otherwise you will end up buying high selling low.

Pi-network314159

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Quote from: MrNata on March 27, 2024, 02:45:28 AM

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.

I understand you quit well, it is difficult not securing a job and yet you suffer to feed why you have Bitcoin in your possession. I will sudjest you sell some portion of the btc, and take care of your responsibilities. but you should not sell small,you should sell some and use the money to find something doing that will be fetching you money to replace the sold amount of bitcoin. If not you will sell your bitcoin and yet don have a tangible thing to get hold of. The important thing about bitcoin investment is to hold for long and enjoy the fruit of the labour and also have a peace of mind in the long run. but if cercumstances surrends you, you have no option than to accept it by selling your Bitcoin. But if the money comes later you can replenish it.

Nheer

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Quote from: Stable090 on March 27, 2024, 04:00:52 PM

Are you planning to follow what your friend told you? I will recommend you shouldn’t even try it. Bitcoin investment is really a good one, but your friend is asking you to invest in bitcoin at the wrong time. Just as you said in the post, you have tried secured a job multiple times but unfortunately, you haven’t been able to get one yet, so bitcoin investment is really a wrong suggestion right now.

If you invest all the money you are having currently into bitcoin, which money will you be using to feed or take care of other things, if you don’t have any sources of income and you decided to invest in bitcoin, am very sure you will end up selling the bitcoin just to take care of your self, which bitcoin might have dumped when you are planning to sell.

I think you didn’t get OP message properly, read again you will notice that he already invested in bitcoin after his advised him to and it’s been a while now so he have realized so profit from the investment but he doesn’t know what to do wether to sell at this high price or keep holding his bitcoins. He is confused because he knows bitcoin has the potential to increase on price but he is currently faced with financial problems and is funding it difficult to get a job. He is considering selling his bitcoins and use the money to start up a business to relief him from financial difficulties. He needs advise from experts here so he doesn’t end up making the wrong decision since bitcoin can still increase in value.

Quote from: MrNata on March 27, 2024, 02:45:28 AM

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.

Holding is a very good thing OP and if not for the sake that you are facing financial difficulties i wouldn’t suggest you sell your coin just yet as we are expecting bitcoin halving very soon and it is known that after every halving bitcoin always increase in value and always hits a new ATH.

The problem now is you are desperately in need of money and what use would your investment in bitcoin serve if it doesn’t help you in desperate times because that is the purpose of every investment, to elevate our financial status. The only wrong thing you did was that you didn’t plan out your investment properly before investing in bitcoin, every investment plan is supposed to include a target price or point where you take out profit to solve other problems if you had a plan you wouldn’t be thinking of selling your coins as it stands.

I wouldn’t see the use of your investment if it can’t solve your problems at desperate times, I don’t know how much money you have accumulated from your investment but if it is more than enough to get your business started then you should withdraw part of it and start your business then keep holding the rest for as long as you can and keep accumulating more when your business grows but i won’t advise you to sell all your bitcoins because when you sell and bitcoin hits a higher price it will cost you more to buy again so having bitcoin now is like an opportunity so don’t do thee mistake of selling them all so you don’t have regrets in future because bitcoin potential is so high and we likely to see it go even higher in future.

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Quote from: MrNata on March 27, 2024, 02:45:28 AM

-snip-

Regarding your investment in Bitcoin, the decision to sell or hold your Bitcoins is a difficult one, especially given the recent surge in the market. The key to making this decision is to carefully assess your current financial needs and the potential for your investment. While selling your Bitcoins could provide you with the capital to start a small business and support your family, it's crucial to evaluate the long-term implications of selling at this point in time. Consider seeking advice from a financial advisor who can provide you with an unbiased perspective on your investment and its potential for the future. Additionally, exploring other job opportunities and avenues for generating income could provide you with a more stable financial foundation.

Fuso.hp

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If there is a reliable coin in the crypto market, the name of Bitcoin will be on top of the list of most reliable coins. Among the investors who invest in crypto platform, maximum investors invest in Bitcoin first and then those investors invest in all other coins. Bitcoin's value and its popularity are high and it is a very reliable coin so in long term plan an investor can invest in this coin if he wants. You can hold Bitcoin for a long time by investing in futures as well as you can hold Bitcoin for a long time by investing in the present if you want. In general long term planning especially with Bitcoin there is no need to think so much about timing as the price changes quite a bit over a period of time.

Myleschetty

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Firstly, keeping money in the bank is never a good idea, the banks are making huge profits through your money and never giving dividends. Why don't you use your money to make money for yourself?
Second, you can't tell me you have fiat currency as savings and I will agree with you when the currency is losing value every day.

Quote from: MrNata on March 27, 2024, 02:45:28 AM

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?

Bitcoin hasn't increased yet buddy and the time you'll experience the increase in the price of BTC is when the block is halved.
I will advise you to hold onto your BTC which is a better investment now than the business you want to start which you cant big benefit from days after you start cause it will take some weeks before you start getting something from it.
After the block halving, you can sell some portion of the BTC and start the business.

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Quote from: Ruttoshi on March 27, 2024, 02:54:54 AM

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.

the reasons why some people hold their Bitcoin for long time is because they have another thing that is fetching the money and that is why so many of them who would their bitcoin for long time will not touch their Bitcoin because they know their plans of others whereby you don't have anything that is giving you weekly income it is obvious that you can touch the money you keep for your investment because there is no placement or more one that is subtiting it, so what I am saying is that holding a bitcoin is based on your plan it is not based on the price increase in and the price decreasing so it is based on your determination

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Quote from: MrNata on March 27, 2024, 02:45:28 AM

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.

You are lucky Bitcoin price has appreciated so, you will not be withdrawing at a loss. If you can be patient till after the halving in April, you will earn higher than you would earn if you withdraw now. This is the reason I always advice Bitcoin enthusiasts to have other source(s) of income to foot their day to day expenses so as prevent premature withdrawal of their investments to settle urgent needs.

Bitcoin investment is profitable if you can hold for long. The essence of holding for long is to enable your investment beat the Bitcoin price fluctuations and still arrive at huge profits. Over relying on your Bitcoin investment will not help you hold for long. I just hope the business you intend to establish flourishes so you can stand on your feet again.

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Quote from: Patrol69 on March 28, 2024, 08:40:30 AM

I am simply telling you that you have some idea about the business and according to your capital you can choose the business that is right for you as your business. Since you have posted on the forum it means you must have an idea about Bitcoin and if you are a believer in the crypto platform you can invest or trade if you want. If investing or trading doesn't feel safe to you, you can start any physical business. What is your budget Depending on the budget you choose a business that you can manage well and from which you are more likely to succeed. Don't start a business where you don't have the slightest idea, you might fail there.

Op is somehow confused and he needed to go back and understand the topic and what he had writen so far.
It is go for us to make investment but it would be bad if we don't follow up our investment because that is the only way we could make mk eh in the market. There are so many opportunities in the crypto market and op can benefits if he knows what he's doing rather trying to know the future of Bitcoin if it will be a successful journey. There is nothing to keep bothering about and taking decisions should be the next move.

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Quote from: Apocollapse on March 27, 2024, 03:30:59 AM

Your topic title ask to hold Bitcoin for long term.

While your post is actually ask either you sell your coins to start a business or use Bitcoin to change your life because you're unemployed.

The best is looking for a job, trading Bitcoin is really risky while start a business isn't recommended because you don't have enough money to cover you, in case your business didn't work well.

The op is misplacement of priority and confused in real life before even the forum. What really concerned what happened to one in real life with forum. Everyone has their life history and if those histories are written here then the purpose of the creation of the forum becomes a historical gathering where people came and tell their life history. There are almost 3 or 4 different biographical stories by the op which is not the purpose of the forum. People brought this kind of stories for sympathy but when the sympathy has given what next? Holding onto bitcoin" became life history.

Well since he also asked for advice then I will advise him that he should not bring his family problems to bitcoin investment because he cannot invest in bitcoin with family problems and if he does he won't survive.

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Quote from: Truthlovecoins on March 27, 2024, 05:53:09 PM

I think it is possible to hold unto your Bitcoin into the future even up to a decade if you may.
I have read posts here that talk about holding or accumulation of Bitcoin for a long time until one decides he/she wants to sell them or withdraw it or invest the Bitcoin to buy other altcoins and shitcoins.
You just have to be more consistent in this forum to learn how to safely do it and the needed tools to attain that goal.

He stated that he is unemployed and that he has already invested in bitcoin and has most likely profited from it; however, if he does not have any job to support his investment, he will most likely withdraw it because he will have many issues to solve, and because he does not have any source of income to handle the problem, the money he has invested will be empty one day when he withdraws it. In my opinion, if you don't have much to do with the money right now, you can wait for the bull run and make a large profit. because you intend to make decisions in two months before doing everything that comes to mind. Investing in another coin other than bitcoin is extremely dangerous and can result in significant losses. Because I trusted bitcoin more than any other coin, I invested the majority of my funds in bitcoin to get huge profit, am just waiting for the bull run because have not awear of it before, am just hearing my mentors are saying about it very well.

Topic: Can I really hold onto my bitcoins in the future? - page 4. (Read 937 times)