Topic: Is it possible to still make a good return from Bitcoin? - page 2. (Read 1506 times)
currently the price of bitcoin is at $56,000, just to give you an example in my country less than 5% have or have ever bought bitcoin, and I think that in other countries the number of people who have bitcoin is also very small, which means that there is still space for many people to buy bitcoin and the price to make 3X profit if you buy at the current price of $56000. another important point that has space for companies like amazon to enter this market and cause the price to increase a lot. if you notice, you will see that the price does not fall much, this is due to the high level of confidence that people are putting in bitcoin, people are seeing a good future and do not want to sell, so the price does not fall much
In my opinion, this question is no longer relevant, since bitcoin has already shown serious growth during this time and thus one can easily answer the question in the affirmative: of course yes! Those who bought it at the beginning of the year, sold it yesterday - could have made a profit of several thousand dollars. In such a short time, this is an excellent result. There are a lot of such stories and every day there are more and more.
I agree with you here because I have discovered that there are some Bounties that pays more than the monthly salary of some jobs, I would leave those jobs in a heart beat and focus on Bounty hunting and investment in bitcoin and hodl some a while.
But you can't be sure with bounties, you can have 1-10 in a 100 of chance to find a bounty. I've seen stories that said that they've joined a lot of bounties and it seems that their efforts were wasted. But if you're sure with that plan and you don't have a lot of obligation, I think that you can sustain yourself and have a 1 time-big time bounty project reward while you have some bitcoin holdings that awaits only for the next all-time high.
Yes brother!.If you have the patience to hold it for 5,10 years. Then buy bitcoin at current price and hold it until 5,10 years. Because the future of bitcoin is very bright that is why if you missed the opportunity to buy bitcoins from cheap prices then don't worry buy from it and just hold it.
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?
I believe when you look back to the date you posted this and what the price of bitcoin is today and if you did not actually invested in Bitcoin back then, you would be hating on yourself now. To be honest, Bitcoin is not what should should even consider whether to invest in or not because since its genesis, though have few problems on the way it is the go to investment for all now and I hope you did invest. 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?
Fortunately this year is immediate following year to halving hence we are having bull run. If OP was asking same question some other time then we might have needed to wait for years to show them a living proof. This kind of high volatility is one of the reason why most investors are still hesitating to invest with bitcoins.
There is a chance to have a good outcome or profit to this currency but the problem is until when you can survive the market volatility there are people just a drop of the Bitcoin they immediately sell their funds also there are people who just only hold to the market because they can not escape the entry point they are already losing it just holds or nothing to get profit.
Actually, many of them quitted when suffering frustrations and disappointment. These people overly thinking that having a Bitcoin investment is easy money, well, they seems wrong. That could be the possible end when we don't accept defeat and losses. Because if we still trust Bitcoin despite the losses and frustration we've got, I think the positivity will remain.Quote
It's better if we might not get attach too much in the bitcoin letting your job just for the bitcoin there is no assurance that all the time we are going to the uptrend.
Maybe not. If you are just working for a small salary rate and spending all day working, I believe leaving it for Bitcoin is a good idea. Maybe we could find another job.There is a chance to have a good outcome or profit to this currency but the problem is until when you can survive the market volatility there are people just a drop of the Bitcoin they immediately sell their funds also there are people who just only hold to the market because they can not escape the entry point they are already losing it just holds or nothing to get profit.
Actually, many of them quitted when suffering frustrations and disappointment. These people overly thinking that having a Bitcoin investment is easy money, well, they seems wrong. That could be the possible end when we don't accept defeat and losses. Because if we still trust Bitcoin despite the losses and frustration we've got, I think the positivity will remain.Quote
It's better if we might not get attach too much in the bitcoin letting your job just for the bitcoin there is no assurance that all the time we are going to the uptrend.
Maybe not. If you are just working for a small salary rate and spending all day working, I believe leaving it for Bitcoin is a good idea. Maybe we could find another job. 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?
I believe when you look back to the date you posted this and what the price of bitcoin is today and if you did not actually invested in Bitcoin back then, you would be hating on yourself now. To be honest, Bitcoin is not what should should even consider whether to invest in or not because since its genesis, though have few problems on the way it is the go to investment for all now and I hope you did invest. 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?
There is a chance to have a good outcome or profit to this currency but the problem is until when you can survive the market volatility there are people just a drop of the Bitcoin they immediately sell their funds also there are people who just only hold to the market because they can not escape the entry point they are already losing it just holds or nothing to get profit.
It's better if we might not get attach too much in the bitcoin letting your job just for the bitcoin there is no assurance that all the time we are going to the uptrend.
It's better if we might not get attach too much in the bitcoin letting your job just for the bitcoin there is no assurance that all the time we are going to the uptrend.
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?
No, you should put your faith in BTC and you'll earn the fruit of your long time holding in the future. I'm sure it will be worth waiting for and the best thing is that all you have to do is wait for your money to grow tremendously. However, you should also consider the fact of losing money in BTC which is why you should be careful.
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?
To be honest if you are holder and bought it for long term investment purposes, then definitely forget it for a while. Focus on your other income generating business. Bitcoin will not just go to $100,000 or go to 0 immediately. Time will tell. But for now, definitely not zero. A lot of hedge funds, big institutions even big names in the financial industry specifically Elon Musk, the world's richest man, already showed up his interest in the cryptocurrency industry. Just don't hold or invest any money you don't want to lose. Everything has risk remember that!
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?
It is really hard to make a certain prediction for it. For example, Bitcoin price started rising again and has reached 37400 dollars now. But there is always a possibility for the price to plunge down. So, it is your choice. After the price hit around 41k, I converted some amount of my BTC to dollars and started observing the movements of the price.
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?
No body can predict that, but for sometime its sure that Bitcoin will stay and in near future. Holding is good, We have heard that it might even hit 1$ 1 million but lets see. A friend who had 3 BTC in just 3 years ago sold out and regret now.
Bitcoin trading is very profitable these days. Because the price of Bitcoin fluctuates so much these days, So trading is very beneficial. Bitcoin is the King of the crypto currency. And Bitcoin is a currency in which we can make a lot of money by trading.
It is more profitable to hold than to day trade in bitcoin. You just catch the falling price of bitcoin and then wait again until it gets back and rise again. Not that much needing of an effort for someone who likes to invest in bitcoin and just for the short term ride. But while doing the short term ride, it's also profitable to go for the long term ride which is also effortlessly you can do while doing other stuff as I've mentioned for the short term. And it's been always profitable to invest in bitcoin but requires time.
In recent years, bitcoin prices have risen a lot. Recently, it should be in the callback, and the price has dropped a little, but it will continue to rise after the callback.
Bitcoin is not for and will not be forgotten, even though you will not touch the holding but at least you will always be aware of the price movements that occur. So, forget it or not, basically you are required to continue your business because it has become an obligation for regular income. If you forget your business and switch to bitcoin, I'm not sure you will get as good an income as the business you are running, so let it go together because it will be good for your future profit anyway, right.
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?
Yeah, for you to stay away from stress I think you just need to forget about Bitcoin right now and get back to your business because you have already secured your future with Bitcoin. 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?
You could return to your business and use a dollar cost averaging strategy (DCA). You would invest a small amount in bitcoin on a regular basis. This amount could be small enough that you wouldn't notice it as an expense. Over the long term it would yield a noticeable gain though.
The higher the investment price, higher will be the risk. Back in 2015, for an investment of $100,000 you would have got 500 BTC in your wallet. If you invest the same amount now, you will only receive 3 BTC. Bitcoin exchange rates have risen almost continuously for more than a decade. But with that rise, come additional risks. I only want to say one thing. The journey from a market cap of $600 billion to $1,200 billion is going to be much more difficult than the one we had in 2015-21, when the same rose from $4 billion to $600 billion.
Bitcoin trading is very profitable these days. Because the price of Bitcoin fluctuates so much these days, So trading is very beneficial. Bitcoin is the King of the crypto currency. And Bitcoin is a currency in which we can make a lot of money by trading.
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