Topic: Is it possible to still make a good return from Bitcoin? - page 10. (Read 1506 times)
I'm kinda thinking of buying and adding to my holdings. Just wonder what a good price would be. Or if there is a better place for my money? I'm knew to this but my ADA seems to have gone up far more..
Okay so I saw bitcoin early days because a competitor site owner briefly offered it as a payment method for their products. I thought this cryptocurrency will never work because it will either 1). get regulated / shut down, or 2). never be accepted by the general populous.
Neither of these happened and finally I bought a diversified holding of £10,000 in 2019 to hedge against future pain. I still have this holding untouched including 1 btc and have no plans to sell it until I am sure it has hit full critical mass or goes to zero.
My question: Should I just forget about bitcoin now and go back to my business?
Neither of these happened and finally I bought a diversified holding of £10,000 in 2019 to hedge against future pain. I still have this holding untouched including 1 btc and have no plans to sell it until I am sure it has hit full critical mass or goes to zero.
My question: Should I just forget about bitcoin now and go back to my business?
Forget about Bitcoin like, selling it off or what? Let me just explain to the best of my knowledge. If you have a business you are running, Bitcoin doesn't stop you from doing it, that is, after your business during the day, you can use some hours to check whatever you want to do in the crypto space, and since you already have been holding Bitcoin, then you already know the benefits of holding, thus it would be good for you to continue holding, because if you check the price you bought then and now, you will see the huge difference and the huge gain. Also, from another point of view, if you are talking about selling your Bitcoin and concentrating on your business, then I would suggest you sell some and keep some, because you will benefit hugely in the future. Thus, to reply to your title, Yes, Bitcoin still have enough room to grow in the future and as such good return for holders.
My question: Should I just forget about bitcoin now and go back to my business?
What you need to know, for yourself is: in the crypto world you have 100% freedom, no one stops you and no one will tell you to survive in the crypto world, especially in the Bitcoin investment sector.You have full rights in and out of the crypto world and also your current business, at times like this one must know yourself in making a decision, If you believe you are doing what you want to do, if you are in doubt you should step back, it is all decisions whether you do business or investing in your Bitcoin that determine your destiny, not someone else's.
My question: Should I just forget about bitcoin now and go back to my business?
Answering a question with a question,
Are you happy with your holding and the amount you have?
If you are happy with what you have well then it will be easy to leave it alone
to appreciate over time and that is ok to do, there are no rules.
Just make sure you have it secured properly and especially have your private
keys recorded safely, that is assuming you dont have the Bitcoin sitting on an
exchange somewhere.
If you want to expand your holdings well then thats a different matter, you will
be involved from here on in . . . like the rest of us!
You are asking a question, although you probably already feel a profit from the moment you invest. If you have lived and did not need to sell Bitcoin up to this point, perhaps you should also just remember that you have an asset that works quietly for you. The main thing is not to forget to save your wallet keys, as lately we have seen a lot of sad stories when people know that they have become millionaires, but cannot use their millions.
I thought this cryptocurrency will never work because it will either 1). get regulated / shut down, or 2). never be accepted by the general populous.
China ban Bitcoin but 65% of Bitcoin miners are in China, if they can not sell it, will they mine it? Nothing can stop Bitcoin adoption. Its decentralized nature makes it impossible for ban. still have this holding untouched including 1 btc and have no plans to sell it until I am sure it has hit full critical mass or goes to zero.
It is impossible for bitcoin to go back to zero, the world has regmcognized it, institutions are investing in it now, and it is getting more adoption. Expect it as the coin it is, a deflationary coin that will increase more in value in long term for its limited supply. Should I just forget about bitcoin now and go back to my business?
This is your choice to make, and you have gained. But, know that bitcoin is a deflationary money over long term period. It is an asset, an appreciative asset.
That is your own choice to make. Certainly, I am sure that Bitcoin will be rising in the future and who knows it can even go as high as $1 million after, let's say, 10 years from now. We know it is scarce, but we also know that Bitcoin is not actually perfect which means that if there will another crypto that can caught the fancy of the people then it is also possible that Bitcoin can be set aside. The thing is that nobody know what can be and even those who are predicting for Bitcoin are doing it based on their own personal conviction and speculation. At the end of the day, it can be just another gamble which we hope will be paying a lot later.
Okay so I saw bitcoin early days because a competitor site owner briefly offered it as a payment method for their products. I thought this cryptocurrency will never work because it will either 1). get regulated / shut down, or 2). never be accepted by the general populous.
Neither of these happened and finally I bought a diversified holding of £10,000 in 2019 to hedge against future pain. I still have this holding untouched including 1 btc and have no plans to sell it until I am sure it has hit full critical mass or goes to zero.
My question: Should I just forget about bitcoin now and go back to my business?
Neither of these happened and finally I bought a diversified holding of £10,000 in 2019 to hedge against future pain. I still have this holding untouched including 1 btc and have no plans to sell it until I am sure it has hit full critical mass or goes to zero.
My question: Should I just forget about bitcoin now and go back to my business?
Jump to: