Topic: How I found my financial success in Bitcoin 1 year - page 3. (Read 648 times)

You know that there are people who are really that curious when it comes to various things on which it would be leading them on dealing up with something that they havent encountered and test up the waters

until they would be able to realize that its not really worth for the time and money to be spent out.For those who had just learnt about bitcoin and did fixed up their minds on saving it up no matter what and doesnt really tend to touch up altcoins are the ones who do benefit out on longer runs considering that the price could really be having this kind of movement that keeps increasing and recovering.
It does really depend on how you do handle up yourself withing this market.

I am really happy to read about this, it is often the case that when a person joins this market they go from being interested on bitcoin, to suddenly realize there are thousands of shitcoins which give them empty promises of amazing growth in a relatively short amount of time, and they believe the hype, invest on those coins and lose it all, someone which is just starting their journey needs to concentrate on bitcoin only, and after they get some experience then they can decide in a more informed manner if they want to deal with shitcoins at all.

Great to hear this from you and thank you for all your efforts here also, no thought I have always followed you from afar also and you have been very helpful in your contribution to various discussions your threads also helped many of us to grow both in knowledge and rank because I benefited a lot from them, and looking forward to seeing more development from you I'm the nearest future.

I am sure we will continue to share similar interests as we grow and develop I'm both knowledge and skills to help us make better decisions I'm this industry.

Shitcoins will never keep our portfolio growing, they might be profitable at first but in the long run, they will end up as dead coins, that’s why we have to avoid shitcoins investing in the first place. Good thing OP never fall for them, and stick only to bitcoin. Bitcoin is the only crypto coin that has high security when it comes to investment, that’s why a lot of us has benefited its profits more than we can imagined. Though some altcoins are still good to go, but in order to avoid future problems and losses, it would be much better to just focus to bitcoin and hold it for long term.

I think if one is knowledgeable enough and knows what is going on inside a group can take advantage of shitcoin trading.  I agree that many had made losses with shitcoins but there are also people especially early adopters who take huge amount of profit from 10x to 1000x because of shitcoins.

 
I agree that Bitcoin market is stable but trading makes a profit in a market that his highly volatile.  Ignoring some altcoins especially when they have the potentials, made us miss profits.  If we don't want to be affected too much and still wanted to take risk on shitcoins or potential altcoins, we should only invest the money we can afford to lose.

I am happy for you friend, and congratulations to you, in less than one year, you've done really well for yourself, not just as a member of this forum, but also, as a bitcoin investor.

Bitcoin is the top crypto asset and one with the most liquidity as long as the crypto market is concerned, bitcoin is still pretty cheap if we compare the current price to the all time high we saw in the last bull run..
And majority of bitcoin holders and the crypto community are expecting another bull run by next year, so, indeed, now is a good time to accumulate as much Bitcoin as one can afford.

Well, you did a very great job on your Bitcoin journey, I sold most of my Bitcoin last bull run and I actually get a good profit from it, I started accumulating Bitcoin again last year when the Bear market started to hit, And I also don't have time to spend on the forum that time because I got a full-time job, its difficult to be active here and on trading and investing if you already have a full-time job.

I'm confident with my experience in Bitcoin investing, I would do and earn a lot this time, I'm curious how far my Bitcoin will reach, well of course we are all planning to hold it. I'm still building my mindset to actually hold for the long term because I'm always thinking of selling at a profit which is not bad actually, it's always difficult to hold if you doesnt really have other passive incomes. Planning to invest in a passive income first.

Your approach was the right one, and many people fail to do this. Bitcoin investment needs time to show good sign of profits. And there is no best time to invest in bitcoin, as every time is the best time to do it. We know that how low bitcoin value gets, it will be standing on the top again. One more thing I want to say is that, remember that 1 bitcoin will always remain as 1 bitcoin. Only the value will change, but the quantity will stay the same. The strong hodlers know this very well, and that is why they are successful.

If you can build up a mindset like this, then you can see more profits in the near future. The key to bitcoin investment's profits is HODL.

You're already doing well for yourself mate and upon closer look at the links you presented, I just say that you were truly consistent on your Bitcoin journey and I must applaud you for that very act because not all who started this cryptocurrency journey with you can boldly beat their chest to still be in business not to even talk of staying profitable in it because we all know how volatile and risky Bitcoin and cryptocurrency can be most times.

I want to encourage you to always stay steadfast in your Bitcoin journey and never give up no matter now bad it might turn and I also want to wish you well in your journey.


I also want to add that I think OP is already on the profit angle or side of his Bitcoin journey because judging from when he said he started his Bitcoin journey you'll agree that Bitcoin was already bearish and I believe OP was already having the primary knowledge of accomodations and he took advantages of the deep and should be smiling now as well.

That is good to know you are doing as expected in the bitcoin journey of yours. It seems you have been successful because of your consistency in buying bitcoin at different levels. Naturally you have bought and followed DCA strategy of investment. This is keeping your investments Break even point to the lowest rate as compared to what bitcoin and other has to offer. Obviously compared to last one year data we have already made good bullish trend which is also one of the reason pushing your profits to another level. I think it’s worth to invest all the time and your little example proves the fact for sure.

Hope you keep your enthusiasm off the roof all the time.

The journey of your success is appreciable and I think that everyone should think the way you think because altcoins can give you enhance profit but their future sometime seems to be unsuccessful due to high hazardous situations related to it.

I don't see any person who have made investment in Bitcoin and experience loss instead of those who make wrong decisions during unfavorable conditions. Your future planning of buying more bitcoin will be profitable but I will suggest that you should get your profit and make investment on the value of your profit so it will be perfectly good for your money enhancement.

Thanks boss for sure bitcoin have become the most valuable asset in the cryptocurrency world competing with other passive investments such as Real estate and gold, bitcoin have offered us a second layer of investment security such that Bitcoin keep us out of reach of inflation even though the inflation crisis will ultimately reflect in our purchasing power, the understanding of this fact have helped me to build my investment around Bitcoin since Bitcoin is less risky and give me the total control to my investment unlike the real estate which are sunject to government regulations.

In the last one year I have spent a large part of my time on studying the entire Bitcoin ecosystem and how to make accurate financial analysis and how to connect Bitcoin to my real life, and this forum have helped me a lot to realise raw facts and ideas from industry real players who have years of experience and expertise, I have paid close attention to the work and writing pf the following forum members who have help with sharing the knowledge and ideas in various discussions around the forum.

List of members I spent one year studying their bitcoin advise.
1:The Cryptovator
2: The Sceptical Chymist
3: DdmrDdmr
4: Edwardard
5: LogitechMouse
6: JayJuanGee
7: CryptopreneurBrainboss
8: NotATether

Thank you to all the above mentioned members who have helped me to build a lot of financial knowledge, through they quality contributions to various discussions in this forum.

Why split your bitcoins into different wallets? Meanwhile, if you are serious about your bitcoins and you believe bitcoin will help you succeed in the future, why not get yourself a hardware wallet? Hardware wallets aren't too expensive and aren't hard to get, don't be stingy with important things like bitcoins. You only need one hardware wallet to hold all your bitcoins, and it will be easier for you to store your private keys. Having too many software wallets just makes it difficult to store seed phrases.

You made a successful trip. I once congratulated you for that because I think that everyone who chooses to invest in bitcoin will succeed in the long run as opposed to choosing other coins that might not.
Even when I first got into bitcoin, I never considered trusting shitcoins since I think the majority of those that invest in them fail, which is what I've always been frightened of. Because I have long preferred Hodl, I think bitcoin will now be helpful to people entirely.

Congrats you for your successful investment in Bitcoin in the last one year. It is your good debut with Bitcoin and with a halving ahead, I am sure you will get a successful investment.

It's impressed to know you are continuing to buy more bitcoins. It's good.

I want to remind you to split your bitcoins into different wallets, not different addresses in a same wallet. And you should save backups of those different wallets at different places. Just to be safe if one of your wallets is compromised, you will have your bitcoin in another/ other wallets and won't have empty hands.

According to me, investing in shitcoins is like gambling, so I don't think we should waste time with them. Although there are still some lucky people who can make profits from shitcoins, those lucky people count on their fingers, and most of them are losses.
It is better to focus mainly on bitcoin, and if we want to make more profits, then choose altcoins that are considered by the community as potential, we can try a little with them. The risk is also not too high, and the chances of profit-making will be more obvious than with shitcoins.

When you say you have everything invested in bitcoin, in the first link, and here you say you buy more bitcoin, it is better if you specify, because it is not the same if you live with your parents and invest $50 a month than if you earn $100,000 a year and are investing half, although from what you say in the thread about being satoshis millionaire it seems to me that the reality is going to be something more similar to the former.

I enjoyed your presentation and call back of posts made all in a bid to map out and follow a consistent Bitcoin investment strategy over the years.
What I want you to however emphasize on is the strategy you used. As in, was it monthly you stacked up or weekly or is it as you deemed fit?
Did you also have a consistent amount you invested or you made a certain fraction  of investment that was convenient for you?
Lastly, what's your next move, now that you achieved a noteworthy goal of becoming a millionaire via Bitcoin?
I don't know how I might sound by asking, but I too love a good story mostly where one has proven his/her worth firstly to themselves by placing cash where the mouth is.

Shitcoins are only suitable for short-term speculation and should be sold as soon as they are profitable. Your mistake is trusting them too much and holding onto them for a long. Just because you don't profit from shitcoin doesn't mean others will be like you, I still see many people making huge profits from investing in shitcoins. Recently, a memecoin called PePe has given some people more than 500,000% returns, it may not be completely useless, but investing in it is not easy.

Holding shitcoins is proven to be a waste if you tend to hold for long term.  Shitcoins are subject to pump and dump then worthlessness so when engaging in shitcoins we should always be in our feet and be ready to sell when our holdings increase in price.  Shitcoins are good for short term investment if anyone is for a long term investment, Bitcoin and top altcoins is the way to go.



I think this thread has its value, it is that this should be posted on the proper thread/board, I believe there was an existing thread that is created to compile this kind of topic.  Regardless, posting one's enthusiasm toward Bitcoin has its effect to the reader.  It may strengthen the belief and passion of the reader by the motivational effect of the content of the post.