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

We simply need to strategize and trigger actions where necessary in order to survive in the market. The space is available to anyone who is willing to learn and adapt to a viable plan that produces profits. It's never too late to invest in bitcoin; it's one of the market's most prominent projects. Bitcoin has changed lives over the past decades, and I'm confident it will change many more in the future, but only those who have invested massively in the project will reap massive gains, and when that time comes, I'll have fought for the free flow of fortune for the future of my family.

There is truly no need to change a strategy when it works well after all what is most needed is result and once there is a proven result and repeates success then the strategy could be said to be successful and there is no need to change, and in this form button vs DCA strategy proves to be the best practice and at that following the steps properly will always increase our chances of arriving at a result on time and that is something we must care about.


I agree that in this one year plus I was able to accumulate enough bitcoin even though I am still buying and also taking advantage of the market condition at every point because that is what determines the end result whether or not I will be in profits.

That's a great success stroy, I am happy for you buddy. Making profits so quickly in your crypto career is an awesome moral boost. And sharing your story with us can help others to find the motivation to follow your success. It's good that you keep following your strategy and will keep buying more coins. If a system works well there is no point in changing it. In my opinion following a DCA approach for buying our crypto currencies is the best strategy. Nobody knows with certainty what the future price of bitcoin is going to be, that's why it's so hard to find the bottom and the top do buy and sell our coins. When we keep buying fixed amounts of fiat money worth of bitcoins we don't need to worry about the price so much anymore.

You're tossing around the idea of Bitcoin's in-built whimsical nature and the difficulties tangled up in nailing its timing. But isn't this the unsung melody of every trading field, a relentless sequence of undulations, powered by the tug-of-war between panic and desire? Okay, it's easy to get nostalgic for the past low points. But, should we measure the then green, high-stake Bitcoin market against its present more matured, although still jittery version? I reckon not.

You've got a point there - that hovering around for the perfect market plunge may cost us potential windfalls. But, aren't we shrugging off the inherent hazards knotted into this approach? An individual should be ready to brave the storm of capricious price leaps and maintain an unwavering stance in their investment blueprint. When all's said and done, isn't the soul of your discourse promoting a buy-and-hold strategy, encouraging persistence and steadfastness amidst financial fluctuations? To this, I emphatically nod. Bitcoin indeed is a long-haul race, not a fleeting dash!

I'm so happy for you mate. I'm glad that you have already found financial success in Bitcoin and to be honest I'm pretty sure many of the members here, who have been in the forums for 3-4 years, haven't gained anything due to their bad mindset. They're not here to learn; they're here for other reasons. I highly recommend anyone to buy Bitcoin but I don't force anyone to do so.

Investing in Bitcoin for the long term is really good because you will most likely make a huge profit depending on how much you invest. So start now before it's too late. I mean it's never too late, but it's better to start early since the price of Bitcoin will increase significantly in the future. I believe that at the current rate, Bitcoin is still relatively cheap.

I'm happy to note this, as you have avoided investing primarily in "shitcoins." This reminds me of a similar experience a few years ago, where my portfolio became worthless investing in such a coin. Since then, I realized that only Bitcoin has real value. Recently, I have also avoided investing in "shitcoins", but occasionally take calculated risks in leading altcoins such as BNB and Ethereum. By doing so, I benefit from Bitcoin. I sell when the price is high and stack when I believe it's the right time to do so.

It is not possible to guarantee financial success with Bitcoin. To get financial success with Bitcoin you must know your knowledge potential, information, investment, research, education and new information. Moreover, there should be a lot of accurate knowledge about risk assessment, dollar cost averaging, your security and wallet management and investment rule variations to minimize risk. An overview of block chain technology and Bitcoin's massive rise in price movement Market changes over time Latest market news Your decision making ability and risk tolerance that comes with investing Investing style and preserving your wealth Knowledge must be kept. Keeping all these things in mind surely you can become a financial success through Bitcoin.

I mean, we're just discussing the lows and highs of this bear season, I'm not talking about the entire history of bitcoin.

I agree with you that there is no bad time to invest in bitcoin, it is never too late for beginners. But you have to admit to me that the sooner we invest, the more benefits we have instead of waiting for the price to drop to buy. Like last year when bitcoin dropped to $16k, to me, that was a huge drop, the price couldn't be better to buy. But many people were still waiting and thinking bitcoin would drop to 10k, so they missed it.

Bitcoin investment is a long-term holding, let's buy every time we have money, when there is an opportunity, waiting for a cheap price is never a good option.

It shouldn't be said that the best time to buy Bitcoin has passed, of course, I know that one could buy Bitcoin lower, but then if we talk about that, we can also say that the best price to buy Bitcoin was when it was below $1, but that will become a very large discussion and there will be a lot of HOWs and WHYs in that.

There is basically no bad time for buying Bitcoin, even the current price is a good one if someone is buying for the long run, and the price is dropping again these days, so someone who is willing to buy will definitely get better prices soon.

I cannot provide personal anecdotes or investment advice, but I can offer some general information and tips for investing in Bitcoin.

Bitcoin is a decentralized digital currency that operates on a blockchain network, which means it is not controlled by any central authority. Its value is determined by supply and demand, and it can be very volatile in the short term. While some people have made significant gains from investing in Bitcoin, others have lost money. It is important to do your research and understand the risks before investing.

Here are some general tips for investing in Bitcoin:

Educate yourself: Learn as much as you can about Bitcoin and how it works. Understand the risks and potential rewards of investing in cryptocurrencies.

Start small: Start with a small amount of money that you can afford to lose. As you become more comfortable and knowledgeable, you can consider investing more.

Diversify: Do not put all your money into Bitcoin. Consider investing in other cryptocurrencies, stocks, bonds, or other assets to spread out your risk.

Use a reputable exchange: Make sure to use a reputable cryptocurrency exchange to buy and sell Bitcoin. Do your research and read reviews before choosing an exchange.

Consider long-term holding: Bitcoin is a long-term investment, and it can be volatile in the short term. Consider holding onto your investment for a longer period to ride out any fluctuations.

Stay informed: Keep up to date with news and developments in the cryptocurrency world. This will help you make informed decisions about your investments.

Remember that investing in Bitcoin is not a guarantee of financial success. It is important to be cautious and make informed decisions when investing your money

I checked your threads one by one and out of the 4 threads only 1 mentioned how many satoshi you have, the rest are just saying that you believe in Bitcoin and keep accumulating, indeed you don't need to prove your Bitcoin ownership but words will never be convincing enough that you are really bullish on Bitcoin investments that have been made in this year but please don't take my reply as an attack I just want to say too many say believe in Bitcoin and keep on accumulating but really they are just speculators who keep on profiting whenever there is opportunity and holding onto it for the long term is not the real target.
But congratulations on the success of your investment in Bitcoin even though the target is always long term but enjoying a little bit of every success is not wrong.

Your dedication to collecting Bitcoins and avoiding "dirty coins" has paid off and it is clear that you have taken the time to thoroughly research and analyze the market. Even though you have already profited from your investment, you remain firm in your belief in the growth potential of Bitcoin and the ability to mitigate risks. Your unshakable belief in cryptocurrencies and your understanding of the underlying technology really does work.

Yes, at least Your Journey in Bitcoin is an example that needs to be adopted for other forum members, especially those who are new to the world of cryptocurrencies. Your enthusiasm, dedication and financial success serve as a testament to the significant rewards that can be derived from a wise long-term approach to investing in Bitcoin.

No one says that we must stop  accumulating Bitcoin , either we have earned or not , either we are willing to Hold or short term investing, bitcoin will keep bringing what is best for our crypto assets.
just buy mate , you have earned from the past so you will even profiting in the future, but the best thing is that know when to sell and when to  buy, being HODLER isn't that practical nowadays as bitcoin price keeps doing changes at least every month.

It is nice sharing your experience with bitcoin positively. Not everyone who started bitcoin made such profit within a year. Maybe it is because you focused on only bitcoin and avoided other altcoins.
Again, your massive profit also has something to do with how much you invested because someone who invested a minimal amount won't have such profit within a year.

Your excitement can be felt in your words, it's good to hear this, very impressive but Bitcoin promises even more if you're able to hodl longer. It's never too late to acquire your Bitcoin, Bitcoin will rise again and that's certain but lots of patience would be demanded to achieve that.

It can be said that the best time to buy bitcoin has passed, and last year was that great time when bitcoin dropped to $16k. It was also when I focused all my energy on buying as many bitcoins as possible. But if someone missed last year, there is still a chance to own cheap bitcoin, I think as long as it is still highly discounted from the old ATH, we can always buy it whenever we want. Don't wait for a lower price because no one knows what tomorrow's market will be like.
Your story is very inspirational to me, I hope the bitcoins that I own will help me to have the life of my dreams when the next bull season comes.

That is good to hear mate, thanks for sharing your experience in Bitcoin financial freedom within 1 Year journey successful investment and ready to invest more in Bitcoin, like wise me, Bitcoin is 100% sure to invest and make more profits than in investing alt-coins, most of the alt-coins has nothing to offer but rather to depreciate in value, which Bitcoin is rest of mind investment, and can not be compared among most shit coin's.

Yes now is the best time to accumulate more bitcoins since it price is at a discounted price right now, and just like the approach that helped me a lot within this one year is that I never take too much time to consider Bitcoin market trends before making my next Bitcoin purchase and at whatever price I don't care, at that point, all I need is to increase my bitcoin by buying at whatever price he wants.

The last year has been incredible for me simply because I never wait for the price of Bitcoin to drop significantly before a place my next buy order.

Well, this is just a valid proof that when you invest for bitcoin, you will definitely reap satisfying profits especially if you consider it as a long term investment. OP is just so much optimistic about his goal, that’s why no doubt that he has achieved his target goals even in just a year of hodling. Though topics like these are quite common already, but I think another purpose of OP is to encourage everyone particularly for newbies to never be tempted with altcoins and just stick to bitcoin no matter how highly volatile it is.

I think the same, if someone wants to invest in altcoins then that is their right, but a newbie should not do this as they are taking a risk they are simply not prepared to confront, and when they finally realize this was the case the losses they would have accumulated already will discourage them to invest in this market any more money or force them to keep investing in altcoins and hope for a miracle, a miracle that never comes as you may guess.

It's always good to hear success stories related to Bitcoin because this way you become a reference for many potential investors. Keep accumulating more satoshis for the next bull run. Do DCA, if possible. Increasement in price since last year must look minimal compared to the next price range Bitcoin may reach on the next season, after the halving. The expectations are really positive and the investment is opened to everyone, so make sure to enjoy it guaranteeing your ticket towards Bitcoin's next bullish season.

Thanks mate this have been a great journey with much inspiring but all thank to my noticeably willingness to study extra hard by investing a lot of time into ready, analyzing the general Bitcoin market and being able to take the right steps into acquiring bitcoin along the market sentiments.

The proven fact about bitcoin is that, bitcoin have a long term profitability that allow it holder generate some level of profits, and setting aside some percentage of your income into bitcoin because long term Bitcoin accumulation is what prepare your portfolio for bull market which can come at anytime.
When it comes to losing it all depends on the accurate calculation and analysis of the market taking into consideration the various variable that suggests to what extent we can base our risk and also making sure to be an advantage whenever we open a buy position.


Because Bitcoin accumulation is best done by, buying low because that is what position the investor for posible profits in the long run.

Nobody wants to lose money when they invest in cryptocurrencies, which is the most important part of the process. I've never been interested in any other cryptocurrency save bitcoin since I've seen a lot of people buy bitcoin, hold it for a while, and then sell it for a profit. Although there are times when the bitcoin market crashes, this is not the case with other cryptocurrencies, where you risk losing money if you invest in a shit coin.
I didn't mean to imply that no one should invest in anything else from bitcoin; rather, I would advise every novice investor to concentrate on bitcoin rather than any other cryptocurrency because bitcoin has a promising future and it is very difficult to lose money while investing in bitcoin.

Congratulations on your success in investing in Bitcoin. It's great to hear someone's success story. After getting success in investing in bitcoins you buy some more bitcoins which is a very good decision for you. Because you have developed a positive mindset. And you decide to invest in more bitcoins in the future.
In the current market price context you should be patient for a while. Because the Bitcoin market is going down gradually.  So investing in Bitcoin at this time is likely to result in some losses. So be patient and invest more when the market is normal. And I wish you success once again by investing for the first time.

This is a good opportunity that you grab the chance to make an accumulation of a bitcoin I guess as soon as the halving comes it's a good chance to get the profit for the next halving, are you trying to buy every time it dips and waits for the ATH or it's just for a short term investment, we know how does the market volatility work, Its good if you have a chart of it so we can check at the same time your progress and the other members if they want to get ride of it they can check it out by themselves.

I don't really see how this thread is a fit for Reputation since it's just a discussion about Bitcoin in general and even if it's a personal story, it's basically related to Bitcoin. If the thread wasn't a fit for this section, it would have already been moved to the related section by now by an admin I'm sure, and if that hasn't been done, it means this is the correct place for this thread.

To OP, you are lucky to be among the people who got the opportunity to invest in Bitcoin when it was pretty low last year, and what I admire the most is your decision to not invest in altcoins and to keep your money safe. It's better to just have your money in stablecoins than investing in altcoins, especially the new ones.

But let us consider that before OP started to succeed in bitcoin, for sure everything started from a scratch, just like anyone else. The big difference is that OP is just determined to succeed in bitcoin because he has faith and high hopes that he will make it big with bitcoin. While others experience losses and eventually quit, OP chose to pursue his goal and now everything paid off.

Since June of last year, when its price dropped to around $18,000, it appears that you have started to accumulate Bitcoin. It was a smart strategy because real hodlers, who don't give a damn about the price of BTC but keep buying it and amass more and more possession, start to lose patience when there's blood on the streets and people claim that the asset has died and nobody is interested in it anymore. If you're a long-term hodler, this is a great approach to be a good hodler and start making money in a short period of time. But yet, congratulations and best wishes for success on your future endeavors.

Buying btc at lows and at certain intervals are 2 very different criterias. If you bought in when BTC was falling last year, and you are in profit this year, then this thread makes sense. However, with good stories comes bad ones too, so someone's profit is someone's loss. You are lucky to buy it at lows and be confident about your investment, keep it up and keep buying btc in smaller parts after setting some prices reaching where you can buy more.

OP, why don't you move this thread to reputation? I mean, the follow-up discussion in your thread seems to be about the success of the trip on the forums instead of the general or specific knowledge discussion about bitcoin. I appreciate your valuable journey on the forums, it's definitely something to be proud of.

So since the discussion in the thread has led to your success then I think my suggestion of moving the thread to reputation makes sense.

I believe when you buy bitcoin and hold it for years, it will certainly bring significant profits on you knowing bitcoin’s value is most likely seen to increase in price rather than to see it depreciating in value. Though altcoins are somehow profitable too, but you cannot make an assurance as to how long they will stay profitable. That’s why if you are hodling altcoins, always be alert to sell when it’s peak price has attained before it’s price decline and lose your expected profits in the end.

Having such success in a single year is great, considering the last year has been terrible, it's even better to think about how you have gone high and did well. I know that many people ended up not believing it could be done ,so this is a proof that it can be done. As long as you keep buying when it is low and you end up selling when it goes up (or even holding) that means you are going to be in profit.

Too many people avoid that simple mindset and they try to get rich quick and those people are the ones that are losing at this moment. If you do not do that and if you end up focusing on just the long term and the fact that it crashes sometimes so you can buy and for you to sell, then I would guess that it would be a better profit for you in a year.

It shouldn't be a surprise to see your name mentioned here as that I take their contribution seriously and have followed some of their footsteps to become a Bitcoin maximalist, as I have said earlier most of the names mention including yours are those that have mentored me from afar till thos very moment, most of those people were not aware or have any connection or interaction of any form before now.
Just as it's flattering to you so it will be to most of those that will get the noticifacotion of the mentioning here in this thread.


All the same, thank you for all the contributions you made here in the forum, and I am among one those who have read something helpful from you here on bitcointalk.

Just depends on how you would define or give meaning to the qord success. On my end, I do think that there will always be room for improvement; a continuous process of learning. Profit won't determine weather you are successful in this industry or not, but rather your viewpoint of how would this technology be used in the future.The idea of continuously buying Bitcoin is more likely because of the fact that the market value have increased that much with regards to its last All time high. People are just more confident of how high will its value reach, which also means money ofcourse.

You have gained financial knowledge from this forum, and it is regularly encouraged to keep buying bitcoins consistently so far you can afford to buy without really minding if the prices are up or down, so I am not surprised that that is the action you are taking. Also what is making you not to care much also is because you have experienced success already and you are personally convinced by your success so far that you will be more successful with just some little more effort and investment.

You're a Bitcoin Maximalist then. Kidding

I guess there's no more better advice that anybody can give here with regards to which coin you should invest your money aside from focusing onto Bitcoin. The fact that you've timed the market perfectly by accumulating during the bear market is the best way to approach it. There are some investors who are waiting, and waiting, and waiting, until the price of Bitcoin went up already and they ended up not investing at all. As for you, you took the risk, you've shown your trust into Bitcoin, and invested during the bear market like many of us did.

Like you, I'm also investing into Bitcoin as well. More than half of my total crypto portfolio is already in Bitcoin, and I will still continue to buy, and wait until the bull market comes. If I may ask, is there a chance that you would've invest into some altcoin, and if yes, what altcoin?

I've seen this yesterday, and at the time that I want to sleep until the time I woke up, I'm still thinking.. why did my name included in the list of all the experts here? I mean these names are very popular, and has shared lots of knowledges here. I just don't know why my name is there. Kidding aside, maybe you've mistakenly put my name out of those experts out there, but it's very flattering that my name is included. 

Anyway, maybe there are some of my posts that helped you in anyway possible, and I'm more than happy to know that even though I'm just an average user here.

I have to agree that most of the success stories from bitcoin and crypto mostly came on this forum, and though it is also arguable, we cannot deny the fact that most of the earners came here. If we talk about journey on bitcoin, there is no other forum or platform you can freely talk without fully disclosing yourself aside from here. It's just another feeling knowing that some of those success stories came from somewhere you know you are welcomed and belonged to.

It is good to be proud of your achievements, but try not to share all the details of your trip and the amount you collected. For example, saying that you managed to collect 5BTC is good, but it will make hackers focus on your account and how to steal money from you, so try to reduce the information you provide about yourself and your successes.

You can share the change you made in the community with the money you collected from the forum and how you contributed to spreading the Bitcoin culture in your surroundings.

Investing in shitcoins as a game of chance, if you know what you are doing and are willing to accept losses, then you can try your luck, if you are lucky, you can retire early, for their profits are really huge. But if you don't have too much money, no experience but always want to get rich quickly with shitcoin, it's just a waste of your time. I've also seen a few people change their lives by investing in shitcoins, but as I said, there aren't many like that, and most of them are losers and losers. This life needs effort and hard work to be successful, can't rely on luck, because it's not for everyone.

Op not everyone knows your Bitcoin journey story in the forum even at that time of the year when you were hustling to earn more.

Op from my understanding of your thread, your Bitcoin journey started in the forum, and all your earnings are from the forum signature campaign and not from outside purchase. We thank God for your successful journey  of yours in the forum. But remember that it is now that your bitcoin journey gets started, so you have to put more effort on it.

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.

I thought of that and wanted to make the thtread in the beginner and help section since then there is more motivation from personal experience and does not create trigger measure Bitcoin discussion.


But if you should spear some time going through that old thread you may find them interesting to make your contributions on those Bitcoin topics, some of the threads have moved over 5 pages already,  so just take your time to go through them.

Congratulations, that was actually a quick gain for you. I still remember my journey that it took me nearly 2 years I guess or a year and several months until I see the effect of my accumulation but then, it's all good. We're all hoping that everyone is going to have the same story as yours that even in less number of time, they'll find success and financial freedom with bitcoin.

I like this attitude, despite of what you've come up with. You'll not stop and that's the nice approach for what you're doing and hopefully, many newbies will learn with this experience of yours and understand that investing in bitcoin isn't an overnight success.

Well done, OP; you really had a great journey into Bitcoin, not like some of us who fell victim to one scam project or another. My crypto journey was really more of a bad experience; I have invested in a few altcoins that are just worthless today. Although we can't tell what will happen in the future, we only speculate on Bitcoin. But looking into the history of Bitcoin, it has really come a long way. Even when the Bitcoin price fell by 99% in 2011, some people think that was even when Bitcoin would have crashed if it was supposed to, but it did not, and that is really the date I look back to when I hear people talk ill of Bitcoin. Your decision to invest in Bitcoin is really good OP; even if I go into buying a few altcoins now, I don't keep them, I just pick up my little profit after some weeks or a month and move on. holding altcoins is just a waste of time, apart from a few (one or two), I am just using them to add to my portfolio.

You have an amazing Bitcoin journey, OP; I am glad you were able to accumulate some Bitcoins in this period of time with the help of the knowledge and understanding you get from this forum; this is the right thing to do because investing in Altcoin is not advisable.

Since the time you started your Bitcoin journey, so many reputable altcoins have crashed due to some silly reasons on centralization, which has created fear in the minds of many investors because now no altcoin is safe.

OP You have already profited from this even with the knowledge you have gained from the forum; additionally, as you have stated, you are already profiting from your Bitcoin investment, which is very encouraging; therefore, keep investing in Bitcoin and more profit will come later.

I also had a period where my portfolio became worthless when I put shitcoins in it, but over the past year I have decided not to look at any more altcoins in my portfolio because it would be so disgusting to look at, now I am focusing more on bitcoin which has more potential big compared to other coins, I also don't count back on other leading altcoins with you mentioning that no but it doesn't matter if you just want to earn then transfer to bitcoin but basically the portfolio you have now bitcoin must be above other percentages.

Keep on accumulating at this core which will save you in the next few years when the price of bitcoin is high, you may be able to buy in a lump sum way but my own way is DCA I always want to increase when there is extra money earned as long as I can make it.

Your journey at the beginning was quite impressive and also a motivation for others. Continue!

I've flipped through all four of the topics you listed and I'd like to say that the journey with Bitcoin will always be fun Ojima-ojo rather than starting with a shitcoin that won't end well.
We have no doubt at all that Bitcoin's purpose is quite good and very different from shitcoin which is far from putting the user first.

I really like what you have done.

OP started accumulating Bitcoins probably around June Last year, in that month the highest bitcoin price was around 32k$ and the lowest was around 17k$.
btw OP I just wondering how much money did you start to buy bitcoin? and how much bitcoin which you already have until now?

I'm pleased to note that you have avoided investing in "shitcoins." I had a similar experience a few years ago, where my portfolio became worthless due to investing in such coins. Since then, I have come to realize that only Bitcoin holds true value. Recently, I have also stayed away from investing in "shitcoins," but occasionally take calculated risks on reputable altcoins such as BNB and Ethereum. By doing so, I have been able to reap the benefits of Bitcoin. I sell when the price is high and accumulate when I believe it is the right time to do so. I encourage you to keep up the good work.

First of all, I congratulate you on your journey of getting knowledge from this amazing forum, and also for your profits that you gained with Bitcoin through that knowledge. It's your love for Bitcoin that made you to stick with it. I believe that's the best decision of your life.


Your opinion regarding altcoins is not correct and calling them shit-coins is not fair. I know that some of those altcoins can be called shit-coins because they have nothing good to offer and are made of pumping and dumping. But, on the other hand there are some really good and valuable altcoins that have made many traders prosperous.


That's sounds good because accumulating more bitcoin in current market will increase your profits. Many things are in favor of Bitcoin these days and in coming months the expected price of Bitcoin will surpass $35k, and after that the bull run will start. And, if you are lucky enough then you might get chance to earn 1.5x - 2x return from your investment.

It looks like you have started accumulating BTC since June last year when it fell down near $18k. It was a nice approach because when there's blood on the streets and people say that the asset has died and there's no more interest of anybody in it, that's when it begins test the patience of real hodlers who don't give a damn about the price of BTC but keep buying it and gain more and more possession. This is a very good way of being a good hodler and also get into profits in a matter of years if you're a long term hodler. However, congratulations to you and we hope that you excel in your journey ahead.

You really had a good, determined start, and determination indeed leads to greater achievement. 
I want to ask, have you started accumulating Bitcoin before its all-time high of $60,000+? If yes, didn't you sell and pick up the profit? 

Accumulating is fine with me, but when doing so, I always have a selling target. I also sometimes know when to stop losing, but that's not my case with Bitcoin. It's also a safer move for you that you avoided all shitcoins. Even though the gains are tempting some times, I do trade the shitcoins, pick up the gains, and move (they are just temporary tokens to buy and sell, not to hodl).

I wish you success with regard to your passion buying. I'm also still accumulating, but not as much. I accumulate more irrespective of different events. Every stakeholder has a different buying strategy. Use a method that works for you.

Almost everyone has had a successful journey when they chose bitcoin as their investment asset. Bitcoin is one of the most recommended for you to own and whoever they are in the portfolio regardless of your investment time frame. It is a very wise decision if you also accumulate it when you have income to invest. And if you can afford to hold for long-term, then I think you'll definitely get a worth it return.

But I don't think your thread matters because basically you are just presenting your enthusiasm for bitcoin investment instead of coming up with some interesting ideas for discussion.

I'd like to highlight the basic accumulation when you start getting involved in bitcoin, one year with little capital it's nearly impossible to make big profits, unless you try to take a regular approach through DCA to accumulate incremental purchases. You've executed an excellent approach by ignoring altcoins, but there aren't many sources to point me to your initial purchase of bitcoins.

At least when you explain the basic pattern, strategy and purchase amount then many people will probably take the same opportunity as you and that's good for beginners in implementing how to invest in bitcoin, because they have a handle like your strategy and they will make the right decision.

If it's true that you're taking more buying opportunities, I think now is a good time to raise and if the halving happens next year then you're in for a big hit. Your current buying period will probably be much shorter for large returns, as the cycle will repeat itself and bitcoins will return at a higher price.

It's nearly a year since I became a member of the Bitcoin talk forum and I am 100% successful in my bitcoin journey already, you all know how I started unless for few newbies members who may not be around then, I have been passive with my bitcoin accumulation and I give zero attention to shit coins even though other may have different opinions about altcoins but as for me for the past one year, I have been bullish in my Bitcoin approach and for the first time my asset have gain amazed profits.

Below:
https://bitcointalksearch.org/topic/m.60159531
https://bitcointalksearch.org/topic/m.60557459
https://bitcointalksearch.org/topic/m.60991610
https://bitcointalksearch.org/topic/m.60633935

 are list of link to my Bitcoin journey for better understanding of how bullish and enthusiastic I have been in bitcoin and that have paid off significantly by giving me financial stability that allow me make inan dept analysis of finances and investments.
I am buying more bitcoin
Now even though I am at profit and have gained financial knowledge through the help of the bitcointalk forum, I will still buy more bitcoin even at the current price because of my personal belief in bitcoin's ability to cash up with the current market situation to always place me at less risk.