Topic: How is your year with bitcoin so far? - page 2. (Read 321 times)

I don't intend becoming a bitcoin trader. I mainly see bitcoin as a potentially profitable investment sector. I have plans to keep buying and hodling my coin until I reach my long-term investment goal. My intention is to keep saving my side job income in bitcoin and use my full time job to settle my basic needs. Hopefully, if the price of bitcoin appreciates, I intend to use part of the funds to diversify my income base.

For now I am sticking to my monthly investment plans, maybe in six months I will be able to answer OP's question comfortably. But I know that with the current mini-bull run, some traders that bought bitcoin when it was less than $16,000 might have made some profit.

My year so far has been fantastic, although if your question is about investment, trading of bitcoin then it’s been a little bit boring but if it’s about the general aspect of Bitcoin then it’s awesome.

I made payment of my last house rent using bitcoin that was one of my biggest bitcoin joy as bank transfer and scarcity of fiat bewildered my country, Bitcoin and other crypto-currency has been a very good option and I believe the acceptance of crypto-currency in my area has increased as a result.

As for me I really dont know more about the trade or investment it was recently I join the bitcoin club by investing my first bitcoin in my wallet not having more knowledge about the trade or investment but I have lean from this forum seeing people talking about the risk involved in trading neither hearing them talking about how the bull market can go down at anytime,right now with my little experience I can see the bull market is going very down which means traders and investors are not making good things out of the crypto space, not even hearing about making profit right now,but they can only advice you to buy bitcoin and hold it for a long time up to 2to 3years, that is my own experience for now.

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As for me I really dont know more about the trade or investment it was recently I join the bitcoin club by investing my first bitcoin in my wallet not having more knowledge about the trade or investment but I have lean from this forum seeing people talking about the risk involved in trading neither hearing them talking about how the bull market can go down at anytime,right now with my little experience I can see the bull market is going very down which means traders and investors are not making good this out of the crypto space, not even hearing about making profit right now,but they can only advice you to buy bitcoin and hold it for a long time up to 2to 3years, that is my own experience for now.

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Years and years passed by,.... several turns passed by tooand we all Know the usual thing that happens in the cryptocurrency cycle, so I don't think everyone rushed to sell for the fact that the price sloped; as for me, I think there's nothing to lose when you keep HODLing 'em bitcoins, and if (only you bought them at the right time too)...
Thirdly, this is the best time to buy cus - do you actually prefer to buy a commodity when it's less expensive or double the actual cost price?? If not, then you're wrong to have sold at this point cus you're actually losing; if you bought 'em previously above the current price, TAKE NOTE.

Sandra 🧑‍🦰

Is it not better to keep investing when the price is yet to rise? If you actually trust Bitcoin and its process, this bear market will indeed be an opportunity to stuck your Bitcoin portfolio, but you are right because so many people lose patience due to the long period of the bear market, for me this bear market is not normal as it use to be because it has taking more than a year now, I just hope the bear market will soon come to an end so that investors can all smile at their wallets once again.

I wouldn't say the year has been good or bad but promising. We've been seeing glimpse of what to expect next year, i.e the bitcoin halving. Although, some persons argue that the bear season is not over, but so far I would say 2023 is better than the previous year 2022. BTC started at $18k price mark and it has been building on this, today it past the $25k price mark and I think no matter what the market condition might be BTC is going to end 2023 at $24k-$30k price mark.

I hope it's not too much of an exaggeration to say that 2023 is a better year for bitcoin than 2022.
All holders are on a dip throughout 2022 and this year they have good hopes for recovery. I certainly don't find it an exaggeration to say that in recent months the value of my assets has increased compared to a year ago, however I can still expect it to continue to grow and improve further throughout this year and next.

Great opportunities lie ahead to make a profit, but don't ignore the risks. Halving has been everyone's wait, especially for the holders, of course it's a moment that will make them smile because it is expected that ATH can be hit afterwards.

Bitcoin started the year trading at around $29,000 and rose to an all-time high of nearly $69,000 in November 2021. However, since then, the price has seen some fluctuations and currently hovers around the $55,000-$60,000 range. The overall trend for the year has been positive, with Bitcoin showing significant growth in value.

The factors contributing to Bitcoin's performance this year include increased institutional adoption, mainstream media coverage, and continued interest from individual investors. However, it is worth noting that Bitcoin's price is notoriously volatile, and it can be challenging to predict its future performance with certainty.

The volatile crypto market makes investors unable to sell their assets because they have lost some of their value, holding is a possible solution to save the value of their assets. Price fluctuations have occurred in previous years, Bitcoin is able to survive under any conditions making investors believe in the strength that Bitcoin has. Even though sometimes the price is under pressure, they will buy to wait for the arrival of the Bullsh.

I like your positive attitude.
Why shed tears over short-term events, right? Well, even if bitcoin portfolio fell in price relative to the dollar, it made it possible to accumulate btc more productively. All the same, as the old forum saying "1 BTC is 1 BTC" goes, no matter how much it costs now in dollars. Temporary phenomena don't matter in the long run. In situations like now, you need to try to see positive opportunities, and not be upset and not worry.

I'm still hoping to succeed through bitcoin, so I'm still trying to buy more bitcoins in this downturn.
I can still survive the current bearish situation and I think that soon this bearish moment will be replaced by a bullish market, which will turn the market around.
I think this year can also provide benefits because the market can change, although not much, and it still fluctuates so we can use it to gain that advantage.
And until now, everything is still fine and I also hope we can all survive until the situation changes completely.

Actually, for people who have experienced this kind of phase, they will not be surprised. Because indeed a few years ago this kind of prank also happened. Perhaps the slight difference is, right now is a financially difficult period due to the recession. But with the current situation, everyone can still make a profit with the features of trading services such as margin or futures.
This time is indeed a period that requires quite a lot of patience. I've been through this period da times and I don't think this is bad. But it should be a period that should happen. Right now all you do is be patient and stay disciplined with the strategy you have set.

Well nothing much has changed only that I have been helping myself with little trade, do I call it scalping to keep increasing my percentages while I face the hit with the dip. Most times I noticed that is the best way to successfully sail the bear market than just hold because it pains and hurt deeply seeing your investment or assets decreased without you being able to stop the process since one decided to keep holding.

I guess you are looking for something to strengthen your believe in crypto, many members on here don't like sharing their successful crypto story and also, do not forget that we are presently in a bear market, many people are currently finding the next 100x gem for next bull market, and some are struggling financially to at least be able to buy some Bitcoin before this bear market runs out.

OP, the strength you seek is within you, do not rely on the good stories that you want others to talk about, this is not the right time for that, the only success story I have in this bear market is making 10x of my money from a A.I project called Vaiot. Don't lose hope.

Well nothing so much is happening. Maybe you might need to take a break from crypto for now, OP since it has been affecting you somehow this year.
As for me, I just leave my "hodling wallet" alone and never make something come out of it from a time being. I might consider just buying more when the savings allow me to do so, but for these days, I am not really buying anything for now.  I am just fine with my holdings.

I guess overall I was doing well accumulating bitcoin buying 2 times a month, sometimes I buy more when the market price was down by a small percentage, and probably just a normal buy when the price continue to increase since I will get more profit in the future when I buy more bitcoin especially when the market is down. So I usually increase the volume every time the market continues to go down.

It wasn't a good year compared to the past year since the last time was a bull run I really did well on trading and especially NFTs where I earn a really good amount of profit on flipping, and that gives me enough to hold on to this bear market and probably survive, I just quit my job recently but I can still find ways to earn income and I do save a little bit for my bitcoin investment every time I earn.

The possibility that the recent uptrend and significant downtrend of the past days are not similar to what will occur in the coming months. Even though we are only in the first quarter of the year, we are still far from the end of the year. Therefore, we should not compare 2023 to the beginning of the year. The individuals who sold their investments during the downtrend do not have sufficient crypto knowledge or preparation. However, an individual with a strict stop loss is unique; some of them were fortunate enough to purchase again at a lower price during the downtrend.

Honestly speaking, we did all expects this fall taking long but here we are and there is not going back, investment this period experience a drastic approach though is not easy to see your resources going down by day. It wasn't a good year so far for all of us, let's tell ourselves the truth.

The manner it keeps going down is even scaring, nothing really impressive putting your money again, the saga is too much to bear but let's hope things turn around

Initially speaking it not really get worst or better but I believe that it just a matter of time,in life you don't need to rush so you will not end up either lossing or winning, patient is the key to success if only you can came down and bring your brain to study what you are into I don't think you can make it while your mind is on how you can make money out of it only and not think of everything, while my is not too bad or good am just managing but it will be good because this forum thought me how to do the long term investment and I guess it really help so you need to try something different and new if it's going to help.

Not so different from my previous years but definitely would want to give a lot of new stuff or collect more btc in any means especially the price now is quite low compared to last bull run. Stacking up more would be a good and wise decision to do this year. Plus explore and engage on more knowledge about blockchain and new cool technology.