We all know that bitcoin has a limited supply and by that, when demand increases, its price will really go high in next few years.
The longer you hold, the higher the profit that you can get with it because it is considered as a safe haven for some investors.
But you can still make bitcoin profitable if you want to trade it in the market.
The only difference is that it includes high risk with a higher reward compared to just holding it in your wallet.
Topic: If You Buy btc Today and cash out one year - page 6. (Read 878 times)
If You Buy Today and You dont touch it before one year but You also dont read the news of btc bans and fuds 
then You Will be wealthy.
(....)
One year is not enough for me then You Will be wealthy. (....)
. I have been holding Bitcoin for almost 3 years now and that is still a short period for me even I read the news about Bitcoin.What is best for me is THINKING LONGTERM. Stacking Bitcoins anytime or using the dollar-cost averaging(DCA) method to buy Bitcoin is also the best method if you are planning to hold Bitcoin long-term.
To be honest, if I want to buy Bitcoin now and cash out for a year, it seems not fair to me since I am using my extra money to buy Bitcoin and if I don't need any funds after one year, there is no reason I will cashing out it at all.
Most of the newbie traders even Will be rich of crypto If they will not read news about crypto or btc at all at least one year.
If the newbies hold their BTC a year, they are not traders but investors/holders. I never hear yearly trader, just know daily or weekly or monthly traders. By the way, it is not a correct way to not update the news about crypto at all. If you mean, it will prevent you from selling the Bitcoin, you can use other ways. Reading news about crypto is needed to improve your knowledge and update your information about the crypto world. Don't just think about profits, but thinking also about how to improve your knowledge, experience, and skills.
In one year? Absolutely not necessarily, the BTC price can go simply go down after the long elevation. It happened in 2017 and though the price didn't decrease dramatically in 2020, still the trend was going rather down, than up. A long-term investment that would really make sense with Bitcoin IMO is 5 years at least. Sometimes it's good to read news and be in the swim so that you can be prepared for corrections and don't purchase at a high price.
If You Buy Today and You dont touch it before one year but You also dont read the news of btc bans and fuds then You Will be wealthy.
then You Will be wealthy. Plenty of factors to be considered with such statement for you to become wealthy, and I'd like to name a few.
1. One year is most probably too short for you to be holding Btc and expecting something great in return. You need be more and more patient.
2. It's inevitable not to listen to news or care to check on how crypto/Bitcoin market sentiments has been going on.
3. The amount of money you pour into Bitcoin does matter once you want to consider being wealthy when ROI comes.
Example, If you bought $10,000 worth of Btc at $60,000, do you think you can call yourself wealthy even if Btc will be trading at $100,000 a piece a year after? That's not even a 100% ROI.
Investing in Btc and aiming to become wealthy isn't as easy as you think, coz If it does, a lot of people must have been wealthy by now.
Since you're coming from the speculative asset prospective, my advice / what I do when investing is that I forget about the investment and take my mind off it. That way, reducing the obsession or maybe anxiety that comes with it. Doesn't mean that this is the best approach but at least, it helps keep you less agitated.
Holding BTC for one year doesn't guarantee being wealthy. Especially if you buy in a wrong time, for example buying in bullish season, then one year next is a bearish season. So, if you want to buy this time and plan to sell your BTC one year later, I don't think it is a good idea. You are better to wait for a bearish season to plan a long-term investment like this. It should be more effective for hodling than forcing yourself to buy this time at a high rate.
If You Buy Today and You dont touch it before one year but You also dont read the news of btc bans and fuds then You Will be wealthy.
As history have showed us its not a trading or ta or other Type of trading.
The most wealthy with btc are those who dont give s about corrections they just hodle one year or longer.
Most of the newbie traders even Will be rich of crypto If they will not read news about crypto or btc at all at least one year.
then You Will be wealthy. As history have showed us its not a trading or ta or other Type of trading.
The most wealthy with btc are those who dont give s about corrections they just hodle one year or longer.
Most of the newbie traders even Will be rich of crypto If they will not read news about crypto or btc at all at least one year.
You would have to buy a substantial amount to become rich. If you bought $100 and the price goes up 10x then you will only have $1,000 in one year which is a long way from being wealthy.
Regardless of short term price movements, it is still a good idea to be holding some BTC because the trend is that it always goes up if you wait long enough. This is what makes it a good store of value.
If You Buy Today and You dont touch it before one year but You also dont read the news of btc bans and fuds then You Will be wealthy.
As history have showed us its not a trading or ta or other Type of trading.
The most wealthy with btc are those who dont give s about corrections they just hodle one year or longer.
Most of the newbie traders even Will be rich of crypto If they will not read news about crypto or btc at all at least one year.
are you sure about your statement? Mystery crypto market for anyone. crypto may not necessarily experience a significant increase. sometimes there can be drastic falls, so I think if we just sit there we will never be able to fully gain wealth unless crypto is really at a high level steadily for the next few years. then You Will be wealthy. As history have showed us its not a trading or ta or other Type of trading.
The most wealthy with btc are those who dont give s about corrections they just hodle one year or longer.
Most of the newbie traders even Will be rich of crypto If they will not read news about crypto or btc at all at least one year.
If You Buy Today and You dont touch it before one year but You also dont read the news of btc bans and fuds then You Will be wealthy.
It won't be like this if it turns out that after a year to come, the price of BTC is declining and is actually bearish. What's more, the current BTC price is indeed bullish and is trying again to reach the next ATH. When you bought it at the current price of $ 58,915.89, then, you have to hold until the price is more than this and maybe reach the new ATH again in the future bulls. It probably may not happen in 1 year. So you should keep up with various news related to BTC so you don't miss the updates and opportunities. then You Will be wealthy. 
If You Buy Today and You dont touch it before one year but You also dont read the news of btc bans and fuds then You Will be wealthy.
As history have showed us its not a trading or ta or other Type of trading.
The most wealthy with btc are those who dont give s about corrections they just hodle one year or longer.
Most of the newbie traders even Will be rich of crypto If they will not read news about crypto or btc at all at least one year.
then You Will be wealthy. As history have showed us its not a trading or ta or other Type of trading.
The most wealthy with btc are those who dont give s about corrections they just hodle one year or longer.
Most of the newbie traders even Will be rich of crypto If they will not read news about crypto or btc at all at least one year.
One year though holding though won't give you a good profit specially for average joe. Unless you are a whales that has a lot of money, it's possible. As the price increase, the exponential growth might slow down. Last year should be the best entry point of holding, when the price goes down at $3850, and 1 year later the price is already at the $60k range. But the thing is, it's never too late to invest, then maybe 2-3 years holding, or at least when the bubble gets burst again after a 4 year cycle.
If people who bought Bitcoin in 2017 hear this they will probably tell you that this is not true.
The majority of people who bought Bitcoin in 2017 lost money over the next two years.
The majority of people who bought Bitcoin in 2017 lost money over the next two years.
If You Buy Today and You dont touch it before one year but You also dont read the news of btc bans and fuds then You Will be wealthy.
As history have showed us its not a trading or ta or other Type of trading.
The most wealthy with btc are those who dont give s about corrections they just hodle one year or longer.
Most of the newbie traders even Will be rich of crypto If they will not read news about crypto or btc at all at least one year.
then You Will be wealthy. As history have showed us its not a trading or ta or other Type of trading.
The most wealthy with btc are those who dont give s about corrections they just hodle one year or longer.
Most of the newbie traders even Will be rich of crypto If they will not read news about crypto or btc at all at least one year.
Theoretically, you're going to get profit because if you just based on the supply and demand you can guarantee that the market price of bitcoin is going to pump and bitcoin is gonna cost more after a year.
But you need to make sure for the right time to buy bitcoin and the right time your gonna sell that bitcoin, In the 2017 Bullrun, we did experience around 20k$ and then drop around 3k$.
So if you going to make a sell in the scenario your not actually going to make a good profit, so you need to consider buying at the dips and selling when the price is at the peak.
Well its a Limited supply and its a Good long Term Investment 2-3 years If You are patient enough it Will be well rewarded.
But in this time no way You watch the news!
No matter how many times You see corrections but You dont sell it.
Rewarded for those who do truly waits but there are instances where patience do really put you on other situation like "missed opportunities" also making extreme amount of But in this time no way You watch the news!
No matter how many times You see corrections but You dont sell it.
gains will be basically sticking out on the most trusted coin in the market which is bitcoin itself basing of on total cap and value.
Important thing here is that you shouldnt invest on the amount that you cant afford to lose for at least when the market do turn opposite on what you are expecting or anticipated
then you wouldnt really regret or doesnt hurt too much.
Hold bitcoin into something that you do know the risk behind it.
For traders, reading news and events is a very important factor that makes their decision wise and helps them what to do next when some bad news comes out. Holders will always follow the strategy of holding and selling some depending on what the situation permits but more of holding than selling. If this bull run will keep running until next year, yes you're right that someone who buys today will eventually profit from it.
That is not entirely true, no one can say with certainty whether BTC will rise or fall in the future. In the crypto market everything is possible, chances are he will lose all of his money after just one year.
If its so risky why we need this?
I dont agree with You!
For me its look like its very difficult to lose.
If You with corrections You Buy with cheap.
That is not entirely true, no one can say with certainty whether BTC will rise or fall in the future. In the crypto market everything is possible, chances are he will lose all of his money after just one year.
If You Buy Today and You dont touch it before one year but You also dont read the news of btc bans and fuds then You Will be wealthy.
As history have showed us its not a trading or ta or other Type of trading.
The most wealthy with btc are those who dont give s about corrections they just hodle one year or longer.
Most of the newbie traders even Will be rich of crypto If they will not read news about crypto or btc at all at least one year.
then You Will be wealthy. As history have showed us its not a trading or ta or other Type of trading.
The most wealthy with btc are those who dont give s about corrections they just hodle one year or longer.
Most of the newbie traders even Will be rich of crypto If they will not read news about crypto or btc at all at least one year.
One year is really a short period for Bitcoin to multiply its price too much I think. Generally, HODLing for a few years helps people make a great deal of profit. And there is no need to follow the price movements every day as the goal is not keeping your money on Bitcoin for a short term.
~snip~
Well its a Limited supply and its a Good long Term Investment 2-3 years If You are patient enough it Will be well rewarded.
^ In 2-3 years will probably profitable but I think that is not enough for me to convince BTC will grow. Probably it is 4-5 years long.Well its a Limited supply and its a Good long Term Investment 2-3 years If You are patient enough it Will be well rewarded.
Because every 4 years there is halving of BTC price and the price pump well most commonly happens right after halving in almost a year. I guess that is the perfect time to wait even you did not look into the news or the market price. Something like a saying of, "wake up me when the BTC price will rise".
Nevertheless, all of these are unpredictable, there are too many possibilities that will happen that we don't expect.
If You Buy Today and You dont touch it before one year but You also dont read the news of btc bans and fuds then You Will be wealthy.
As history have showed us its not a trading or ta or other Type of trading.
The most wealthy with btc are those who dont give s about corrections they just hodle one year or longer.
Most of the newbie traders even Will be rich of crypto If they will not read news about crypto or btc at all at least one year.
Not always the case. Consider that you have bought 19k price point ATH in that year 2017 and decided to held up for 1 year? Whats the result? you are still on loss.Would you consider on selling it just because then You Will be wealthy. As history have showed us its not a trading or ta or other Type of trading.
The most wealthy with btc are those who dont give s about corrections they just hodle one year or longer.
Most of the newbie traders even Will be rich of crypto If they will not read news about crypto or btc at all at least one year.
it did approach a year?no you wont but you would really be waiting for another year for you to hope that you can possibly break even a bit.
There's no assurance on getting wealthy because price in unpredictable but talking about long years of waiting then the probability is there.
Just dont cross out into your mind that you would really be rich depending on the amount that you had invested.If you do have invested small then dont expect that much.
Well its a Limited supply and its a Good long Term Investment 2-3 years If You are patient enough it Will be well rewarded.
But in this time no way You watch the news!
No matter how many times You see corrections but You dont sell it.
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