I finally accumulated 0.1 bitcoin!! - page 3.

Cryptohygenic

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Quote from: Hazink on July 11, 2024, 11:30:35 AM

Currently that amount should be about $6k+ with current price @58,600 so you can achieve $30k when the price of bitcoin reaches $255k.

It is impossible to have bitcoin price at this rate of $255K this year considering the OP asking if he could hit a specific target of $30000 this year.
It is on probability for bitcoin bull run to happen this year to begin with and whether the bull run happens this year or not, it is impossible to hit about 4X of the previous bull run ATH at the rate of $69K.
We already have a current ATH of $73K and that margin of $255K would be impossible to hope for imthe Op to achieve $30K out his current $6K + at the current price of bitcoin at $58K +. So putting it straight to the OP, assuming bitcoin current price is $58K as per said, the Op will only be possible to achieve that $30K target if he can hold until bitcoin price reaches around $290K and then he can make his $30 out of his $6K current holding which approximately he would have to hold for about 5 years ahead. Although bitcoin isa volatile currency and so, the price values is most to be considered but there is no just way to meet that target this year or nearest unless to hold untill not less than two circle bull runs in time.
My exaggeration or predictions as it maybe is based on if we have to reach new ATHs within the ranges of 2X of the a recent past ATH.

PX-Z

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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?

Bitcoin price keep increasing now, even price reach another ATH say @ 75k, you will get only around 9k, you keep accumulating in fast paced. But if you will depend on current market price with that amount, its impossible to reach that goal in the current cycle. Maybe in the next 2 years, who knows lmao.

minairia3

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Quote from: Agbe on July 12, 2024, 04:13:09 PM

This looks like a verbal accumulation of bitcoin because there is no evidence to show tht you have accumulated such amount of bitcoin. And for now and the cycle of the bitcoin price can't give you that amount in dollar until the price hit $400,000. The $30,000 price you are inspiring for is also a dream now. And if really you have them which is in doubt for me, you should secure them so that you won't lose them to scam because as you said you such amount of bitcoin them scammers would be thinking how to attack you.

Everyone's target is now $150K, and it is really optimistic price will hit $150k so soon. You know every time BTC breaks its previous ATH then BTC makes nearly 2x pump. After the last halving, we haven't seen any significant pump. So real Bull is gathering strength for the next cycle. For now, 150K is logical, 400k is not possible this cycle. So don't be too much emotional, speculate correctly, and set your target. if you are able to collect the full 1 BTC in your hodling bag or at least half then it is really impressive, will give you good output next cycle. if you don't have much money then speculate correctly and limit your expectations.

Ryu_Ar1

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It depends on your persistence in holding in the end because if accumulated at the current price the total bitcoin you currently have is around $6.8k and to reach $30k it means bitcoin needs a surge of about 5 times the current price and that indirectly you have to see bitcoin at a price of around $300k to make your nominal to $30k for the bitcoin you have.

If you are willing to wait long enough then it is possible that this price will still be crushed by bitcoin especially with its progress which is still very good for now and predictions for future seasons will also be the same but it would be better if you currently continue to focus on collecting bitcoin so that your assets are greater than today rather than busy with the thought that your total assets will be worth very high.
Because after all this needs to be a process especially if the target is $300k then it still takes a little longer because the focus may still be on $100k for now.

Agbe

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This looks like a verbal accumulation of bitcoin because there is no evidence to show tht you have accumulated such amount of bitcoin. And for now and the cycle of the bitcoin price can't give you that amount in dollar until the price hit $400,000. The $30,000 price you are inspiring for is also a dream now. And if really you have them which is in doubt for me, you should secure them so that you won't lose them to scam because as you said you such amount of bitcoin them scammers would be thinking how to attack you.

SOKO-DEKE

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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?

Looking at the history of Bitcoin from the price it started, it is really convincing that you can make this $30,000 that you wish to make from Bitcoin. However, everything is now left to you. If you can hold onto your Bitcoin investment for a long period of time, there is a high probability that you will surely make the amount you are aiming for. The truth is that it is not going to happen overnight. That investment amount will take some time to turn into the amount you are aiming for.

Bitcoin is not a pump and dump coin where you might expect a miracle to happen within a few weeks or months. One belief I want you to have is that if some Bitcoin investors who accumulated Bitcoin at a very low price, like $5,000, did not sell until the price reached their target, then that is something you can also do.

BlackHatCoiner

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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.

Congrats, man. Welcome to the space. To get the most out of your experience here, you might want to read the forum rules: https://bitcointalksearch.org/topic/unofficial-list-of-official-bitcointalkorg-rules-guidelines-faq-703657. I'd advice you to be careful with revealing sensitive information like the exact amount of bitcoin you own, as that can easily de-anonymize you.

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

Do you think I can make $30000 in this bitcoin cycle?

No, but when it comes to Bitcoin, it wouldn't surprise me, to be honest. Tongue

tread93

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It’s so great to see the enthusiasm and happiness from achieving such a great goal. Congratulations OP and may you stack more and more stats as you go on! This is surely a milestone for you so I am going to celebrate with you by holding up a glass and having a drink in your honor!

Ultegra134

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Congratulations! I also remember the time when my wallet surpassed the 0.10 BTC mark. As others have already mentioned, for maximum results, Bitcoin is a long-term commitment. I've been on the scene since 2014 but was never fully committed, as I quit twice, once in 2015 and again in 2018. I've been fully focused for the past 2.5 to 3 years, and it has been a fruitful experience. Don't get discouraged if things don't go according to plan or if the market crashes tomorrow.

Although I understand your enthusiasm and I've also done it myself in the past, I don't want to be the party pooper, but it's generally advised against posting publicly how much Bitcoin you have.

Tmoonz

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Quote from: Hazink on July 11, 2024, 11:30:35 AM

Currently that amount should be about $6k+ with current price @58,600 so you can achieve $30k when the price of bitcoin reaches $255k.

@ op you did the right thing by getting started As am typing the price of Bitcoin is $57,900, achieving $30k when the price of Bitcoin reaches $255k requires patient, but I will advise that he can as well be accumulating with DCA strategy either weekly or monthly with as little as he can so as to increase his holding while waiting for at least for 4 years or more in order to have the compounded value of his overall investment, as Bitcoin is best performed when viewed on a long term perspective. Historically, Bitcoin has been making a new all time high before or after halving so holding for long term happens to be the best advice, and most importantly one must make a provisional emergency funds available in order not to sell your investment in time of emergency needs.

jcojci

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Congratulations for your achievement. That is a lot for most people who start Bitcoin investment. I guess you can makes that big profit if Bitcoin price rises so high. But to go to that price, you must be patience because Bitcoin can not directly jump to the high price instead will do that slowly but sure. But there will be an opportunity for Bitcoin to rises so fast especially if there are a big supports comes to Bitcoin and makes Bitcoin gets a big pump at once.

You should continue to buy Bitcoin in this time as the price still at the correction. I wish you are one of lucky people who can makes a big profit in the next Bitcoin cycle.

fuguebtc

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Quote from: Issa56 on July 11, 2024, 04:22:20 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?

Wan Congratulations! I am really happy that you have been able to accumulate such an amount of bitcoin. What I will recommend you do is to properly secure your bitcoin. You can make $30,000 in bitcoin, but it all depends on you. If you can hold bitcoin for a long time, then you will be able to achieve that, but if you are holding it for a short period, then you might find it kind of difficult to achieve that, so if you are expecting that amount of money from the bitcoin you just bought, then you will have to hold it for a long time. You should keep in mind that you won’t be selling soon.

In the long run, he could achieve his goal easily, but he is expecting that to happen during this bull season and I would say it is very difficult to achieve. Expecting bitcoin to increase 5 times from its current price is asking for too much and is nothing short of an impossible task.
Many people are even starting to doubt that bitcoin cannot reach $100k this cycle, let alone expecting bitcoin to reach above $200k is almost too difficult to achieve.

But he can achieve this goal sooner by continuing DCA instead of stopping buying and waiting. I believe that if he had had that bitcoin at a very young age, continuing to accumulate it would not have been his problem. @OP, as many others have said, you should keep accumulating bitcoins and you will reach your goal soon instead of waiting and it will take longer.

m2017

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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?

A very good result for a 20-year-old guy. It would be interesting to know how you did this. At least briefly.

Theoretically (due to the unpredictability of this type of asset), yes, in this BTC-cycle you can increase your savings to $30k, but provided that bitcoin rises in price to a whopping ~$300k (I consider this level unimaginable now). Personally, I suggest that the $10-$15k (the value of your savings) mark seems more realistic, since BTC-cycles have growth limits.

On the other hand, you don't have to sell bitcoin during the current bullrun and can wait until the next one when your savings are worth $30k.

In any case, continue to accumulate and your diligence will certainly be rewarded.

ndutndut

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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 are very lucky to be able to collect 0.11btc at such a young age. There are still many people out there your age who have not been able to take steps like you to invest in future assets. However to achieve the desired target in this cycle seems a bit difficult as the current price of Bitcoin is $57k. Reaching the $30k target seems difficult, perhaps this could happen in the next cycle.

But whatever your steps, investing in bitcoin is the right choice, nothing is impossible in investing in bitcoin, anything can happen. But don't be complacent with your success in collecting that much Bitcoin. You still have to collect bitcoins using the DCA method so that your desired goals can be achieved quickly.

MinoRaiola

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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?

Well done. It looks like you have a plan to resell the coins for a XX value. That is okay, but if you are 20 years young, then you have many years to live and maybe it is better not to sell everything and in the long run to be able to say at some point, I have +1.0 Bitcoin. So in the short term, I hope you will be successful, even if that is very high, I would be surprised if it happens in 2025. In the long term, I can imagine it happening, but thats calculated over many more years. So stay with it longer and I think you will be even happier in the end, because thats how it been in the past.

pinggoki

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Good for you! It's a really awesome thing when someone finally achieves that point in bitcoin, never even expected myself to get there but with this kind of stories, it's a hope that I'd be able to do it too someday. It's also kind of weird that we're celebrating this much number when this doesn't even mean anything back when bitcoin isn't that valuable, goes to show how really long the road that bitcoin has been on.

Yaunfitda

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Quote from: Muba20 on July 12, 2024, 12:47:40 AM

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?

Today according to coingecko the price of 1 BTC= $57056 that was 1.4% less than the previous day but this ups and downs are normal in crypto world . As a 20 years old man accumulated this quantity of BTC is good for my points of view because when I was 20 I didn't know about BTC . Your target will fillup when you stay long time in crypto market.

Exactly, it is a good accomplished as a 20 year old, and I don't know if we know a person here, who is still literally a kid going into BTC and then was able to accumulate that much. Lol, in my experience it took me a while to be able to have a least 0.1 BTC in my wallet so I know that feeling although, I was old enough already to have that feat. In any case, still early to sell, just continue what you are doing mate, and for sure when the price goes on a 6 digit mark next year as our all time high, you will make a lot of money but hopefully you will not waste it, and again, you did a lot at your age and so big congratulations to him.

kryptqnick

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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 on accumulating such a decent amount of money in BTC. But there are a few things to understand about Bitcoin. First, it's a long-term investment. At any point, a bear market can hit, with Bitcoin losing over a half of its price, and the price can stay like that for a couple of years. So patience and willingness to wait for years are important here. Second, Bitcoin has already gone through its enormous growth in the past, and the pace of growth is certainly slowing down. As the market capitalization is getting bigger, there is much more money that needs to be poured into Bitcoin for the price to increase.
So, in 2017, BTC grew nearly 20x from the previous market's ATH of $1k. In 2021, it was over 3x from the previous ATH of almost $20k. In 2024, we've seen very mild growth compared to the 2021 ATH, but it's possible that the bull market is still ahead of us. But my point is that Bitcoin is unlikely to grow even 3x during one cycle, not anymore. But something like 2x seems realistic, and that would be over $12k, which is still great. Of course, things can change and Bitcoin might surprise us.

Muba20

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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?

Today according to coingecko the price of 1 BTC= $57056 that was 1.4% less than the previous day but this ups and downs are normal in crypto world . As a 20 years old man accumulated this quantity of BTC is good for my points of view because when I was 20 I didn't know about BTC . Your target will fillup when you stay long time in crypto market.

jetlagjupiter

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Congratulations! Every journey starts with the first step... Can you tell us how you learned about bitcoin? Better also to hold that in your custody not in exchanges.

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