I am 20 years old man living in South Korea. I finally accumulated 0.1186448 BTC. Do you think I can make $30000 in this bitcoin cycle?
First of all congratulations on investing in Bitcoin. I appreciate your investment you have invested 0.1186 BTC which is a good amount. OP, I would suggest you collect bitcoins in a good secure wallet. However, the $30000 you expect is not possible in my opinion. Many believe Bitcoin could hit $100k -$150k in this upcoming bull run. However, it is possible if you can hold your investment for long time. So you need to hold your investment for a long time. Did you collect your bitcoins with the DCA method? According to me you better invest as per your capacity in DCA method and hold for long time. 
Topic: I finally accumulated 0.1 bitcoin!! (Read 881 times)
Quote from: Krishna1942
That is good, how you accumulated that amount by buying or in another way. Hope you will get some profit from it in future. But not as you expected because that is very high. My opinion is bitcoin gives good returns in future.
You can accumulate Bitcoin easily through this three steps, You can accumulate Bitcoin through purchasing from the market and hold for long term before you can trade to achieve income. You can also accumulate Bitcoin through signature campaign in this community which many users has used to make their dream to come to reality today, and you can also accumulate Bitcoin through mining which is very common among some users who are good in technology. For him or her to accumulate huge amount of Bitcoin, I think he or she will definitely hold them for long years to make a good income when he or she release them for sale.
^
Yeah, just like we have a new all time high prior to the halving, that is a diverge from the cycle that we have seen before (new all time high after the halving).
And probably this is what disrupt the current cycle as it has been months after the halving and so far we haven't seen a huge spike in the price. Nevertheless, we still have the last quarter of this year to see how everything wil go for us.
But in any case, we should continue to accumulate and then hope that we will still hit that 6 digit mark as others have been expecting in this current cycle.
We can't say yet if history has changed or won't repeat itself but with ETFs being approved and bitcoin hitting ATH before the halving, we shouldn't ignore these small changes.
One more thing, I also asked this question during the 2022 bear season, will history always repeat itself as more and more people become aware and wait for it to happen? If everyone buys bitcoin during the bear season and waits for the bull season (4 year cycle) to sell, who will buy at the high price?
I'm not saying bull season will never come but I wouldn't be surprised if this cycle changes. I mean it could come sooner or later. We need to take that scenario into account and plan accordingly instead of being complacent and believing that things will always repeat themselves. That's why I say we should have a long term investment plan of more than 4 years and don't speculate after halving thinking the price will always increase after that.
I am 20 years old man living in South Korea. I finally accumulated 0.1186448 BTC. Do you think I can make $30000 in this bitcoin cycle?
I appreciate your investment since you managed to deposit a good fraction of bitcoins in your wallet. It looks really interesting that since you deposited 0.1186448 BTC, you must hold this investment for a long time. If you can hold on to your investment, then there is definitely a possibility of double profit when the market goes to the maximum height. But the road map you followed is $30,000 dollars I think it is not possible, because you need to accumulate more bitcoins only then you can make such capital profit. Moreover, you can get profit in this fraction too if you can hold more time when bitcoin price will be more ATH.
That is good, how you accumulated that amount by buying or in another way. Hope you will get some profit from it in future. But not as you expected because that is very high. My opinion is bitcoin gives good returns in future.
I am 20 years old man living in South Korea. I finally accumulated 0.1186448 BTC. Do you think I can make $30000 in this bitcoin cycle?
Congrats 🎉
Don't worry too much about potential profits, otherwise you might end shooting yourself in the foot by panic-selling.
:://:::
There is no guarantee that bitcoin will always repeat its cycle in the future, even this time, so don't rush to affirm that or speculate in the hope that history will always repeat itself. In my opinion, we should have a longer term vision than just focusing on the 4 year cycle. Try to accumulate bitcoins whenever possible and hold as long as possible until you reach your goals. Because I believe that even if the 4 year cycle disappears, bitcoin will still grow in the long term.
I still hope history repeats itself because it will be easier to make profits then but I don't think the market will be this easy forever. Nothing lasts forever, everything changes with time. We need to take that scenario into account instead of assuming that history will always repeat itself.
There is no guarantee that bitcoin will always repeat its cycle in the future, even this time, so don't rush to affirm that or speculate in the hope that history will always repeat itself. In my opinion, we should have a longer term vision than just focusing on the 4 year cycle. Try to accumulate bitcoins whenever possible and hold as long as possible until you reach your goals. Because I believe that even if the 4 year cycle disappears, bitcoin will still grow in the long term.
I still hope history repeats itself because it will be easier to make profits then but I don't think the market will be this easy forever. Nothing lasts forever, everything changes with time. We need to take that scenario into account instead of assuming that history will always repeat itself.
Man, that's my opinion, that's what I can think of to say, to him, not to you, that is, you're defending someone who hasn't asked you, on the other hand you end up wanting to be the professor on the subject and what you promulgate you don't do, where is your advice to tell a third party what to do with their money, if that doesn't seem silly to you, okay, but it's not right.
Then if he thinks well what to do, he breaks it down in his OP and explains it, he exposes it so we can debate, but at this point in the game doing what OP did is a complete nonsense, that's my opinion, but it's not a point of view, it's common sense.
First of, congratulations!
What was your starting point, and how did you get to that amount?
What was your starting point, and how did you get to that amount?
I am 20 years old man living in South Korea. I finally accumulated 0.1186448 BTC. Do you think I can make $30000 in this bitcoin cycle?
You are 20 years old, and you have an accumulated amount of Bitcoin, which is not bad after all. That's why I don't know what your intention is—why you are broadcasting here on the forum that you have that amount of BTC.
If the price of Bitcoin increases by 5 times this bull run that we are facing right now, you will achieve that; we just don't know if that will actually happen this bull season. So next time don't announce bitcoin that you have, because it used to be for others, and most of you are just bragging. Others will always think, What do they care if you have Bitcoin, right? Just keep it to yourself if you have BTC in your wallet; that's better.
Congratulations on your achievement. This fit is very commendable you know and I must say it took you lots of efforts and commitment to achieve such fit. This volume you have accumulated is a huge amount of money in my country so I know what I mean when I tell you achieved a good fit. Anyways, there is no amount or volume that is not achievable if you deem it fit to do so. I believe you started with commitment to do so and you have a plan you sticked to which helped you achieved such fit. If you can stick to it, you could be able to achieve much more than you already did now. Looking at the way you were able to achieve this, I could tell you have an alternative source of income which you were focused with while accumulating bitcoin for your savings. This is quiet impressive for a man at your age because I know must young guys at such age do not think of savings or investing but rather lavishing and other things that would take away their money is all what they care about.
You have done well, congratulations ones again.
You have done well, congratulations ones again.
I am 20 years old man living in South Korea. I finally accumulated 0.1186448 BTC. Do you think I can make $30000 in this bitcoin cycle?
Bitcoin is a store of value and it's price will keep increasing into the future so the possibility of your getting high returns on investment is very possible. I don't know what you can make in this circle but what I know for sure is that we're going to see a new ATH before the start of bear run. So what I can advise you is to continue to accumulate as much Bitcoin as you can before the peak of bull run which has not happened yet. You're young so you can adopt the DCA method and look beyond this circle to increase your ROI in future circles. You should be careful about how you disclose the amount of Bitcoin that you hold, you could be a target of scammers and robbers.
Firstly congratulations on reaching a milestone that’s important to you. Secondly, I would love you to make $30,000 in unrealised gains because that would mean Bitcoin would be over $300,000 per coin. I doubt it though, I have been losing confidence that we will have a crazy, parabolic bull run due to the flat price action of the last 6 months. I think maybe Bitcoin will go to $150,000 so your 0.1 Bitcoin will go to $15,000. If you hold long term you will make $300,000 for sure but within a year maybe not.
Congratulation. You are still young but you can accumulated 0.1186448 BTC. That will not easy to accumulate that amount but you did it and that proves you that other people can do the same as you. Although we have different amount to use to accumulate Bitcoin, but we have the same chance to have more Bitcoin. Nothing is impossible so you can make that amount in the next ATH but you must continue what you did so you will have more Bitcoin than that amount. You still have more time to accumulate more and more so you don't have to stop right now especially the price now is not yet increase. But you must not worry and still manage patience because we don't know when Bitcoin price increase.
This is a "free" example, i.e. advertising what not to do, I have so many bitcoins, how much can I earn? The answer is you don't need to tell me how much you accumulate or how much you want to earn.
If it's a forum, blah, blah, but good practice makes perfect, oh, look at the price tomorrow on CMC (e.g.), anyway, you will know your profit. : l
If it's a forum, blah, blah, but good practice makes perfect, oh, look at the price tomorrow on CMC (e.g.), anyway, you will know your profit. : l
Even though I agree with you that one shouldn't disclose such things in public places or forums like this, I believe there is no harm in doing so as long as you are unknown to the readers and completely anonymous for anyone to be able to find you or cause any trouble. Taking this forum as an example, no one reading this post would know where OP is from or who he actually is unless there is a person who personally knows the guy and also knows what is his forum account but the odds of that happening are extremely low.
However, that being said, I do agree with the fact that a person shouldn't talk about having or owning cryptocurrencies or any sort of wealth in public because we have seen such things creating problems for people. Many people were attacked or robbed after making such mistakes in the past.
It is okay to reveal how many bitcoins we own on social media or on this forum but as long as we can ensure privacy and be sure that no one knows us then it is not too serious. Ask the OP if he has had any trouble since he made his bitcoins public on this forum? I guess nothing will happen to him so we don't need to complicate things any further.
We should just focus on what he asks, we don't need to teach him how to use money properly or store assets when he doesn't ask. I believe that everyone knows how to keep their assets safe, just like how we protect our assets.
I am 20 years old man living in South Korea. I finally accumulated 0.1186448 BTC. Do you think I can make $30000 in this bitcoin cycle?
Answers have been provided to you, that you can't make up to $30k dollar as gains in this circle with $6k + invested in Bitcoin so far.Well, you are a 20-year-old young man who believes in Bitcoin; if you invest in Bitcoin in the next cycle with the said amount of $6k + during the bearish market, you can find yourself making $30k in the bull run of 2029. For now, keep hodling; you can add a DCA strategy to your Bitcoin investment for more profit to have in this circle.
However, for this cycle expect $15k-$17k as profit with the $6k+ amount you invested in Bitcoin, if Bitcoin should reach $120k-$150k in this circle
There is no guarantee that bitcoin will always repeat its cycle in the future, even this time, so don't rush to affirm that or speculate in the hope that history will always repeat itself. In my opinion, we should have a longer term vision than just focusing on the 4 year cycle. Try to accumulate bitcoins whenever possible and hold as long as possible until you reach your goals. Because I believe that even if the 4 year cycle disappears, bitcoin will still grow in the long term.
I still hope history repeats itself because it will be easier to make profits then but I don't think the market will be this easy forever. Nothing lasts forever, everything changes with time. We need to take that scenario into account instead of assuming that history will always repeat itself.
Yeah, just like we have a new all time high prior to the halving, that is a diverge from the cycle that we have seen before (new all time high after the halving).
And probably this is what disrupt the current cycle as it has been months after the halving and so far we haven't seen a huge spike in the price. Nevertheless, we still have the last quarter of this year to see how everything wil go for us.
But in any case, we should continue to accumulate and then hope that we will still hit that 6 digit mark as others have been expecting in this current cycle.
I am 20 years old man living in South Korea. I finally accumulated 0.1186448 BTC. Do you think I can make $30000 in this bitcoin cycle?
Answers have been provided to you, that you can't make up to $30k dollar as gains in this circle with $6k + invested in Bitcoin so far.Well, you are a 20-year-old young man who believes in Bitcoin; if you invest in Bitcoin in the next cycle with the said amount of $6k + during the bearish market, you can find yourself making $30k in the bull run of 2029. For now, keep hodling; you can add a DCA strategy to your Bitcoin investment for more profit to have in this circle.
However, for this cycle expect $15k-$17k as profit with the $6k+ amount you invested in Bitcoin, if Bitcoin should reach $120k-$150k in this circle
There is no guarantee that bitcoin will always repeat its cycle in the future, even this time, so don't rush to affirm that or speculate in the hope that history will always repeat itself. In my opinion, we should have a longer term vision than just focusing on the 4 year cycle. Try to accumulate bitcoins whenever possible and hold as long as possible until you reach your goals. Because I believe that even if the 4 year cycle disappears, bitcoin will still grow in the long term.
I still hope history repeats itself because it will be easier to make profits then but I don't think the market will be this easy forever. Nothing lasts forever, everything changes with time. We need to take that scenario into account instead of assuming that history will always repeat itself.
I am 20 years old man living in South Korea. I finally accumulated 0.1186448 BTC. Do you think I can make $30000 in this bitcoin cycle?
Answers have been provided to you, that you can't make up to $30k dollar as gains in this circle with $6k + invested in Bitcoin so far.Well, you are a 20-year-old young man who believes in Bitcoin; if you invest in Bitcoin in the next cycle with the said amount of $6k + during the bearish market, you can find yourself making $30k in the bull run of 2029. For now, keep hodling; you can add a DCA strategy to your Bitcoin investment for more profit to have in this circle.
However, for this cycle expect $15k-$17k as profit with the $6k+ amount you invested in Bitcoin, if Bitcoin should reach $120k-$150k in this circle
This is a "free" example, i.e. advertising what not to do, I have so many bitcoins, how much can I earn? The answer is you don't need to tell me how much you accumulate or how much you want to earn.
If it's a forum, blah, blah, but good practice makes perfect, oh, look at the price tomorrow on CMC (e.g.), anyway, you will know your profit. : l
If it's a forum, blah, blah, but good practice makes perfect, oh, look at the price tomorrow on CMC (e.g.), anyway, you will know your profit. : l
Even though I agree with you that one shouldn't disclose such things in public places or forums like this, I believe there is no harm in doing so as long as you are unknown to the readers and completely anonymous for anyone to be able to find you or cause any trouble. Taking this forum as an example, no one reading this post would know where OP is from or who he actually is unless there is a person who personally knows the guy and also knows what is his forum account but the odds of that happening are extremely low.
However, that being said, I do agree with the fact that a person shouldn't talk about having or owning cryptocurrencies or any sort of wealth in public because we have seen such things creating problems for people. Many people were attacked or robbed after making such mistakes in the past.
Now your next target should be 1 btc.
Yeah I dont think round figures should be the target but keeping a balanced inflow of bitcoin every few months should rather be a better target. You can be DCAing or buying the dip whenever it hits, but continue to accumulate and never settle with any amount of bitcoin, because the further it goes towards reducing its supply, the costlier it gets.Specific numbers would matter less than continuous accumulation, the point you stop accumulating is the point you lose. In fact we should be careful not to disclose these numbers explicitly on the net but only vague ranges when it comes to a public forum.
I am 20 years old man living in South Korea. I finally accumulated 0.1186448 BTC. Do you think I can make $30000 in this bitcoin cycle?
Congratulations for achieving a little success of Bitcoin. You are only 20 years old if you can hold bitcoins for the next 5 to 7 years and accumulate more bitcoins during this time then you may be able to reach your target very easily. Although everything will depend on the Bitcoin price and market conditions, a assumption based on previous Bitcoin price analysis is quite likely to happen.
I think those who believe and hold bitcoins until they reach their goals will reap the benefits of their long-term plans. There are many investors who after setting a target and after a period of time distract from their target at some point they get diverted which further increases their losses. You have completed a one of your dream and at this point if you versed in long term investment benefits then you can definitely move forward with your next target.
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