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?
Good you are able to do this, but to your awareness this profit target with 0.1186448 BTC isn't something that would happen overnight, it definitely gonna take more than a couple of years before will get there, and maybe you can still add up more Bitcoin to your portfolio to increase the chances of getting there earlier should Bitcoin increase extensively this bull cycle or next, but in as much as you keep holding and being patient with your portfolio I believe one day it's going to be a dream come for you just as you were able to accumulate this amount of Bitcoin now if you stay focused. 
Topic: I finally accumulated 0.1 bitcoin!! - page 4. (Read 881 times)
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 wouldn't worry so much about those numbers as I would worry about things like: do you have an emergency fund? have you thought about other investments or do you have them? If the answer is yes to both, keep accumulating bitcoin with monthly savings. In 4 years' time your financial position will be very good, and in 8 years' time, even better.
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?
Whya re you too in a hurry to make money in Bitcoin when you can finally wait and observe the crypto market on how you can stake your Bitcoin and make more more money as you are waiting for the price if Bitcoin skyrocket. Patience is what you need to make money on Bitcoin if not, you might end up selling toj quick which could give you little profits in the market. You need to be an holder and work on how to know when to buy and when to sell because this is one of the mistakes many people are making as holders nit knowing when to sell their Bitcoin and wait for the price of Bitcoin to go more bearish so you can buy at the dip. I think this is very simple. 
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 making up your mind to accumulate a good sum of sat. It's better to have it in mind that the $30k you are thinking to get from bitcoin wouldn't happen. So, you better have low expectations this early than give yourself unnecessary hopes that can't mature into reality within a year. Maybe other yearsThat being said, if you so interested in still having such an amount, then be ready to invest a bit more like weekly or monthly, depending on how much money you can spare. Remember not to put all hopes on bitcoin investment, forget to care for yourself, and be too greedy in the process of profits.
My advice to you, before such a scenario plays out, is for you to learn how to withdraw your profit when you feel like, and set a selling price for your bitcoin. Having this in mind will save you a whole lot
I am 20 years old man living in South Korea. I finally accumulated 0.1186448 BTC.
Congratulations, not everyone even get to start having 0.001 BTC to 0.01 BTC but here you are sharing that you've achieved a milestone of your life for having 0.1186 BTC. 
Do you think I can make $30000 in this bitcoin cycle?
If it's about this cycle, Bitcoin needs to reach $250,000 above and that's possible. But for the meantime, if you can continue to DCA, do it. 
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 on accumulate that much Bitcoin because no amounts of Bitcoin is small, everybody can not have 1 Bitcoin because of the price therefore any amounts we can accumulate is a big achievement and I am happy you have done this for yourself. If you keep hodling you can make a big profit when Bitcoin price rise. Let us approximate your Bitcoin to 0.12, this means for you to make $30,000 in this bull cycle the price of Bitcoin has to be trading at $250,000 because when you multiply 0.12 by $250,000 you would get $30,000. I will say it can happen but if it does the price might not stay at $250,000 for a long time before people will start taking profits because that is a very big price for Bitcoin to get. Half of $250,000 is $125,000 and you will make $15,000 if you can accumulate more to 0.2. You can make good profits and having a realistic price is good target to avoid disappointment. $125,000 is a more realistic price than $250,000.
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 on the achievement, don't forget to always keep it in a safe place 
If you can hold onto it for a long time, maybe you'll get it, but it'll take quite a while, not just one or two years. 
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?
Everything is possible if you keep your momentum while DCAing with bitcoin regularly. Just imagine at your young age, you already have a good amount of bitcoin, so how much more if you consistently do DCA with your spare money, you will definitely reach your target at an early time possible. It's a good thing you are here for long term, since bitcoin profits are best experienced when you manage to hold for quite long indefinite years. 
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. 
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?
There's nothing impossible with bitcoin, when we make investment, it is certain that when we make investment, we are going to make profits from it, but it cannot be certain that we are going to make a specific profit from the investment maade, also, in other for us to earn from what we ahve invested, we need time to achieve the said target and this may be what we will have to hodl and also keep tor the interest of ourselves, we only have to be assured that bitcoin investment will always be a profitable one.
The thing is, @OP made a timeline of the price to happen and it is this cycle. Although we are both positive that Bitcoin price will increase in the future, the given target price of @OP is quite impossible for this current cycle to achieve. Unless @OP continues to accumulate BTC resulting to a larger BTC holding, I think, it is impossible that the current @OP's BTC holdings will gain 5x the current value in this current cycle.
Taking reference to the price adjustments of Bitcoin in every cycle's ATH, many think that the current cycle's all-time high will be around the range of $100k-$200k, and with the current BTC holding of @OP, it won't give him the desired $30k.
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 
It's wonderful that you own this amount of Bitcoin at such a young age. I hope that you will accumulate more than that if you really believe in the potential and future of Bitcoin and want to achieve higher returns and if you have an additional source of income that suffices for your living needs. The truth is, it's impossible to predict with certainty what the price of Bitcoin will be in the next cycle, as its next price depends on many influencing factors. However, to reach the profits you determined through the amount you have, the price of Bitcoin must double 4x or more from its current level. However, anything can happen given Bitcoin's price volatility, and even if it's not in the next cycle, perhaps in future cycles, so hold on to your hope and always strive to increase your Bitcoin holdings at lower price levels while adhering to capital management and investing beyond your needs. With a long-term perspective, you'll achieve your investment goal.
If bitcoin price pumps 5x and make a new ATH in this circle it is possible that is if you only choose to hodli. On the other hand if you continue to accumulate bitcoin continously using DCA method weekly or monthly, it is possible for you to accumulate an amount that will reach up to $30k when bitcoin price hits $120k in this circle.
It is not a good idea to tell the public or people how many bitcoin that you own for your own safty from arm robbers and player haters.
It is not a good idea to tell the public or people how many bitcoin that you own for your own safty from arm robbers and player haters.
The volatility around bitcoin price growth in s definitely reducing as the market cap or say the amount in circulation increases. Right now I don’t think it is realistic to actually expect a 5x movement from bitcoin. A 5x pump from the current price is going to take bitcoin to as high as $300k which is unrealistic In this current bull run. With the current amount of bitcoin OP has he might needs another halving period to come and a possible bull run again to get to the desired or his intended amount.
But just as you have said a continuous accumulation of bitcoin to around 0.25 (2x of what he is holding now) will get him $30k when the price touches $120k which most people consider as the realistic ATH after this bull run. But regardless I would say all this are just speculation or predictions and my advice to OP is to just set a price target as to when he will sell and anytime bitcoin gets there he can sell off. This is more better.
OP, thats awesome that youve managed to accumulate 0.11 BTC! It takes some real planning and self-control to set aside money like that. You should feel proud about hitting that goal. As for making $30,000 off your crypto in the current market cycle, hard to make predictions, but just holding Bitcoin long-term has paid off nicely for lots of people historically. Do you have a particular timeline in mind with that 30k target? Just curious.
Even if you do start seeing your Bitcoin become worth over 20 thousand Dollars, if I was in your shoes I would sell at that point. Bitcoin has done impressive All Time Highs before so it is not impossible. But if it gets you to 30 thousand Dollars, I would honestly see the highest of the cliff there. Once it surpasses 20 thousand, the end of the Bull Run can happen at any given time.
So instead of watching how you become more Wealthy and then abruptly go back to where you were before, be smart and Sell while you are still up. It will not hurt you if you miss on a few Thousands in Profit, but you may be very hurt if you miss on all Profit you could of had.
So instead of watching how you become more Wealthy and then abruptly go back to where you were before, be smart and Sell while you are still up. It will not hurt you if you miss on a few Thousands in Profit, but you may be very hurt if you miss on all Profit you could of had.
Quote from: ykim240515
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?
Yes, you can earn plenty money more than this amount from BTC if only you can have the idea on how to wait for the price to go up before you can sell to accumulate, which is the reason why you see some business men and women continue to put money in BTC to achieve their dream. But don't allow some people achievement to make you to show interest on anything, because there are some people who don't use to share real source of their income, because if they do , they will no longer receive the respect they are receiving from people in the society. Learn how to keep secret to yourself bro, because many have been killed because they showcase their profits on social media that made some bad friends to set them up and collected everything they have achieved from BTC business for people like you to learn a lesson from the incident not to fall victim to such friends.
Your goal is far from what we expected if you are holding this amount for next cycle I don't think you can reach that amount just by holding 0.1BTC.
If you want to achieve this you might need to find other ways to increase your BTC instead because it takes decades before we can see the price around $300k I'm not sure but since block halving reduces the Bitcoin supply every cycle we can maybe see $300k more or less after 2050.
So if you want to achieve this amount of profit this next cycle then you better look for other ways to increase the amount of your BTC while holding.
If you want to achieve this you might need to find other ways to increase your BTC instead because it takes decades before we can see the price around $300k I'm not sure but since block halving reduces the Bitcoin supply every cycle we can maybe see $300k more or less after 2050.
So if you want to achieve this amount of profit this next cycle then you better look for other ways to increase the amount of your BTC while holding.
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?
There's nothing impossible with bitcoin, when we make investment, it is certain that when we make investment, we are going to make profits from it, but it cannot be certain that we are going to make a specific profit from the investment maade, also, in other for us to earn from what we ahve invested, we need time to achieve the said target and this may be what we will have to hodl and also keep tor the interest of ourselves, we only have to be assured that bitcoin investment will always be a profitable one.
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.
I think this is impossible. $30,000 is too high for this cycle and maybe you should wait for an abnormal effect in the market and BTC price. Like when Corona changed the market completely, but this time with a positive effect(but in the same dimensions)
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