I finally accumulated 0.1 bitcoin!! - page 2.

Asiska02

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Quote from: ykim240515 on July 11, 2024, 11:25:12 AM

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 to have reached this milestone, it is the amount that many would want to reach before the next bull run begins. It is uncertain what the future of bitcoin holds in this upcoming bull run but reaching that price you’re anticipating for could be possible or not depending on what the final market conditions will be at the end of the bull run. The market is still in the correction phase and many people will still take advantage of it by DCAing and if you’ve reached your target, you just wait for the market to do its thing now. Don’t think too much about it so that you don’t get disappointment if it never reaches your target in the future.

famososMuertos

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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

goldkingcoiner

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Quote from: ykim240515 on July 11, 2024, 11:25:12 AM

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.

mindrust

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Congrats. That's lots of money in many parts of the world. Is it big enough to retire on? Probably not but not so long time ago people were saying the same thing for 5-10 btc too. Even if you are not planning to retire with that amount, it is still a nice amount which will come in handy in many situations. For example god forbid if you happen to have a health emergency, that $6k will save your life probably. Now your next target should be 1 btc. Once you get one piece, life will be much easier. Just don't get into a fight with captain Shanks or else you will departure divinely.

programmer3666

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Quote from: ykim240515 on July 11, 2024, 11:25:12 AM

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?

wow, that's incredible! One question though, Did you accumulate by mining or by trading? The market is down and trying to get back up so I think there is every indication that your BTC will skyrocket in price in a few weeks to come so be patient.

Dickiy

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Quote from: Emmanuelex on July 13, 2024, 09:00:13 PM

That's really nice. You really don't have to wait for the price to increase and give you $30k, you can continue to keep investing till you have that much, and if you're lucky along the way and the price goes up, you can get even more than that. Good luck 👍

Yes this is a good suggestion, instead of waiting to get $30k profit from 0.1 bitcoin, and it will take a very long time the success rate is very small, it would be better to add to the coffers of bitcoin that you are currently storing and continue to invest long-term, if you want to get a good return, as an investor must be ready to take risks by holding longer and continuing to collect.

And it would be better to use a DCA strategy that you will target whether to buy weekly or monthly, this will greatly help you to target your long-term holdings. As long as I invest in bitcoin, I get a lot of benefits, and you can also take advantage of this, the key is patience

michellee

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I am glad you finally accumulated 0.1186448 BTC because that will not easy for some people to do that. If you wants to make a big profit, you must still accumulate more Bitcoin using DCA method. We don't know when you can make $30000 but when Bitcoin price rises, you will have that chance to make a big profit.

You can continue to accumulating as the price still not increase so high. We may see more correction coming so that will be your best chance to accumulate more Bitcoin. I hopes you don't panic when the correction comes but see that as a chance to buy Bitcoin at a low price.

Many people predicts that Bitcoin price can increase more than $100k so you still have an opportunity to buy more and more. The other suggestion is only use the money you can afford to lose in the Bitcoin investment.

TheUltraElite

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So anyway, I applied as a merit source :)

What you can make and what you would make nobody knows for sure.

Depending on your salary, which I assume you dont have at the moment considering your age, life can be tough. Still being able to accumulate 0.11+ BTC is a nice feat, but you did not clarify the time period it took you to do so.

I would say focus on your education at this stage, keep bitcoin as a side hustle.

Another thing, the price of bitcoin as it keeps going upwards, the compared price in USD will be so small that common man's earning will be a much smaller number in BTC. So dont take that "amount" to be big, you goal should be to start accumulating at every dip.

Hispo

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Congratulations, but you are not supposed to openly reveal how much money you are holding in Bitcoin or in any other cryptocurrency, that is a thumb rule if you are a bitcoiner, by the way. You could be targeted by scammers and spear fishers, do not underestimate them.

Keeping that aside, With that amount of Bitcoin you should consider to get a hardware wallet or some kind of cold storage to keep your Satoshis, do your own research on it. It is worth it and I would help you to sleep tighter.

Emmanuelex

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That's really nice. You really don't have to wait for the price to increase and give you $30k, you can continue to keep investing till you have that much, and if you're lucky along the way and the price goes up, you can get even more than that. Good luck 👍

rodskee

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Quote from: ykim240515 on July 11, 2024, 11:25:12 AM

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 but be careful with giving out too much information about yourself especially where you are from

anyway $30k as profit alone would require bitcoin to go incredibly high for the cycle with your current amount of btc which might not be as realistic or doable however if you continue to buy more in cheap prices then there might be a chance you reach your target profit much quicker.

uneng

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Quote from: ykim240515 on July 11, 2024, 11:25:12 AM

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?

Right now your balance in BTC is worth 7029,04$ in dollar currency. To reach 30.000$, you need Bitcoin to make more than x4 its current price. It means Bitcoin has to value 253.000$ this bull run. For me it sounds unlikely, because it's just too expensive for Bitcoin to make that performance at once. Each new bull run Bitcoin grows slower compared to the previous one.

The most optimistic predictions point on that direction, but I prefer to be more realistic about potential Bitcoin scenarios for the following months. You did a good job by accumulating that amount of BTC. You should continue saving as much as possible, while Bitcoin is still below 60.000$. The more you accumulate, closer you are going to reach to the 30.000$ holdings mark you are looking for.

Orpichukwu

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Quote from: Gaza13 on July 13, 2024, 12:47:02 PM

Quote from: Orpichukwu on July 11, 2024, 12:35:57 PM

I believe before you were able to reach this volume that you have accumulated, you did not just buy all at once; you were probably buying a little amount anytime that you had money to buy with, so I will advise you to continue with the same pattern and keep on accumulating and forget about how much what you are currently holding will be worth in the future.

If you can raise up to 0.2 to 0.3 btc, it will be easy for you to see $30,000 in the next bull run, even if it's not achieved in the coming bull run. There will be plenty of season if you continue holding on to that amount.

In my opinion, the advice you give to young people is quite good in this case, it seems that Op is still quite young, keep gathering as many friends as possible, remembering that your future is still quite long in this case, you can get a lot of things. more than what you mentioned above if you have the patience to hold it for a very long time.

Yes, this is true. Starting to accumulate at a very young age is the best way someone can be able to accumulate as much as they can before they can finally retire from whatever they do and have been given money.

Aside from that, they will also have more time than it will take for bitcoin to reach the exact price at which it can give them the kind of profit they need.

Forsyth Jones

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This will depend on your consistency, if you hold this amount without spending anything, naturally due to the appreciation it will reach the level of $30000 in BTC.

However, if you buy regularly using DCA you will reach this goal faster. Be aware of offers to multiply your Bitcoin, these are usually traps and you will certainly lose money, instead, worry about maintaining your security, research cold storage and good wallets, never leave your bitcoins online.

Worry about accumulating more SATs (fractions in BTC) than having more fiat currency, 'cause in addition to being closer to reaching your goal, with patience and consistency you will not only be able to reach your goal, but you will be surprised by the HODL power.

BABY SHOES

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WOUW... It's great that a 20 year old man managed to accumulate 0.1+ BTC, of course we can't reach that number but we try to accumulate with small numbers.

Want to make $30,000? Why not continue with your previous investment? If with the bitcoin assets you have you want to get to $30,000 it is a bit difficult unless bitcoin is at a price of $200K more, this is still possible but our hope in the next cycle is at most $150K.

If you are still financially capable, then just keep investing.

GigaBit

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Quote from: Y3shot on July 13, 2024, 02:07:42 PM

Quote from: ykim240515 on July 11, 2024, 11:25:12 AM

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 know bitcoin can't be predicted which means you can't really tell what will be the gain you will make from your investment, but one thing you need to understand for sure is that if you continue to hodl this amount of Bitcoin that you have currently with you and you will l surely make good profit. One of the problems people have always with their investment is trying to predict the price of bitcoin in in a short time.

There is no option to hold bitcoins to reach the target. Although there is no guarantee that you will ever get there. Because the market is moving between bearish and bullish. If the market reaches $100k then op's investment will almost double which we can see soon. Bitcoin will surely touch 100 in the upcoming bull market. But if OP wants to get what he expected then he must hold for long term. If he cannot do that, he will not reach his goal. Bitcoin went from 20k in 2017 to 69k by 2021. Those who invest now are sure to get multiples of their investment in the next few years.

Y3shot

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Quote from: ykim240515 on July 11, 2024, 11:25:12 AM

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 know bitcoin can't be predicted which means you can't really tell what will be the gain you will make from your investment, but one thing you need to understand for sure is that if you continue to hodl this amount of Bitcoin that you have currently with you and you will l surely make good profit. One of the problems people have always with their investment is trying to predict the price of bitcoin in in a short time.

Gaza13

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Quote from: Orpichukwu on July 11, 2024, 12:35:57 PM

Quote from: ykim240515 on July 11, 2024, 11:25:12 AM

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 believe before you were able to reach this volume that you have accumulated, you did not just buy all at once; you were probably buying a little amount anytime that you had money to buy with, so I will advise you to continue with the same pattern and keep on accumulating and forget about how much what you are currently holding will be worth in the future.

If you can raise up to 0.2 to 0.3 btc, it will be easy for you to see $30,000 in the next bull run, even if it's not achieved in the coming bull run. There will be plenty of season if you continue holding on to that amount.

In my opinion, the advice you give to young people is quite good in this case, it seems that Op is still quite young, keep gathering as many friends as possible, remembering that your future is still quite long in this case, you can get a lot of things. more than what you mentioned above if you have the patience to hold it for a very long time.

Dr.Bitcoin_Strange

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You might be able to make a 100% profit on your investment if Bitcoin surges above $100k before the bear market starts. If Bitcoin doesn't get above $100k, you cannot even see a 100% profit that is far from the $30k you are aspiring for, or did you mean to say $3k? $3k is possible.

With your current accumulated Bitcoin, it will require Bitcoin to reach $300k+ before you can only expect such a profit, and you don't know the year that Bitcoin will get to $300k. If you want to access such a huge profit in the short term, then you need to double your investment and keep accumulating more Bitcoin. Good luck.

mirakal

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Quote from: Saint-loup on July 11, 2024, 04:12:52 PM

Quote from: ykim240515 on July 11, 2024, 11:25:12 AM

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?

That's a great achievement. Kudos to you. But it currently only represents a bit more than $6000 actually, then reaching $30000 would represent a +400% increase, that's not possible unfortunately

If you only rely on buying and hodling bitcoin, that would really be impossible to achieve. You need to find other sources that would generate bitcoin for you. However, if you can't make it this cycle, then just continue accumulating bitcoin the next cycle until you hit your target in time. Patience is the best virtue here, so don't be pressured if your current goal won't be possible to happen.

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