Topic: Is it possible to still make a good return from Bitcoin? - page 4. (Read 1506 times)

They are right thinking about being profitable but it seem so hopeless if they don't work on it because the result will also depend on us and how we manage our investment. And the truth is that there is no shortcut to becoming a millionaire.

Well, I don't believe the luck in here. Because the truth is that if we are buying at a low price, try to hold it for a year or two, or to wait for the next bullrun, we are absolutely making a huge return just like now. It all be possible depending on what we plan for.

Exactly. In my view, it won’t be problem to have a job or business while doing Bitcoin at the same time. I think that you should treat Bitcoin as some kind of investment rather than looking at it as as income generator. And I think that if you do both, there will be more opportunities and profit you could get. Just remember to check prices every once in a while, be clever in making decisions and use portion of profit in expanding your business.

Yes ! i purchased bitcoin at lowest prices now it is on peak. Bitcoin is decentralized for long term, i think it is risky but can great investment also.

If you invest Bitcoin to have a reliable store of wealth and consider your holdings as a retirement plan, just hodl it. You don't have to be a day trader to make returns from Bitcoin.

Profit is the word people use when they think of trading and speculation,,, and in general this means they want it fast. Bitcoin is probably not effective for that in the sense unless you get really lucky (like buying in October at 12k and then seeing 40k in January!).

You see Bitcoin as long term appreciative value and you are set:)

You can go both ways, right?

I am not talking about forgetting Bitcoin but holding your Bitcoin in your wallet, check the prices if you want you can do some trades in your free time while still managing your own business. I don't think you would be having a problem when it comes to doing both of them since you can just check the price chart every now and then.

I read it... you could stake/lend Bitcoin AND get Bitcoin in return in almost all major exchanges. Plus, you could lend Bitcoin AND get Bitcoin in return (without touching any altcoins) in platforms like Nexo, Celsius, Coinloan, and many more.

This is what I'm doing with the coins I'm not trading - Bitcoin for Bitcoin, preserving the Bitcoin value and earning Bitcoin.

That is true, but still I would advice the new investors to wait for some more time. The indications that are coming from the new Biden administration are not very positive. Janet Yellen made a very controversial statement and Bitcoin immediately lost 10% of its value. So you can imagine how the market will react if Yellen and the rest of the reptilian overlords make any move against cryptocurrency. Better to wait and watch for a few more months rather than jumping in right now.

Yes, it is very much possible to make a good return from the bitcoin as it is anticipated that the price of the bitcoin will increase in the near future.  So I think you should definitely invest in bitcoin if you have good money to invest but you are a bit short of money I would suggest you invest in other cryptocurrency coins like Etherium etc.

The best platform where you can invest and transact in these cryptocurrencies is ExoCrow.

Exocrow, a digital currency wallet, and platform where merchants and consumers can transact with new digital currencies like bitcoin, ethereum, and litecoin.

What Makes ExoCrow stand apart from rest?

1. Their KYC starts only from 10,000USD and it's just a passport upload and selfie. It's very simple and not hard like other companies.

2. Savings account: They are offering high-return bitcoin savings account with promotion now of 12% monthly return but very soon it will be back to 3.4% ( 40.8% annually ). This option nobody has online to bring such returns for investors.

3. Escrow invoices: I don't know any crypto bank offering this except some wallet providers.

4. Broker: It's an option to top up Forex, Casino, and betting companies. Nobody in the market has this option because the user can top-up his bitcoin wallet in our exchanger with his credit card or bank transfer. Later just click the button and top up his broker/gambling accounts.

Check out ExoCrow: https://exocrow.com/

I have used this platform for a long time and made money investing in cryptocurrencies.  It's time, you make money with it too.

The essential reason for Bitcoin's rebound starting in 2020 is that people are worried that the large amount of money printing and debt spending in countries around the world will cause the instability of the global monetary system, so in the next few years, the rate of return is still relatively high.

Why not do both of them? Why do people always try to chose between those two if they could just do both of them at the same time?
I am not saying that it would be easy but if you are having a hard time deciding them why not do both if you could?
Just like you said a competitor has decided to accept crypto so why don't you do the same?
Step up and maybe accept more crypto and more ways to be paid there are so many online wallet so why not use them too?
Why would you try to forget crypto? You could earn in both and I am sure that you already gain profit by holding it as you mention that you have 1 BTC which is untouched and still doesn't have the plan to sell it.

You have already made some profits, and the price of Bitcoin is difficult to predict. In the end, you have to choose yourself.

The whole question of the OP revolves around trust. carlisle1 is correct because there is no wrong time to return to Bitcoin. Bitcoin will always be here and will still give its service to whoever wants to use it and supporting Bitcoin and using Bitcoin can create another income for us even though its not that big but as long as you are within this industry, there is a chance to gain money.

Ultimately it is your own choice. I think the price will rise, and I want to buy some more.

Actually, I don't believe in luck when it comes to cryptocurrency investment because luck comes to does who work towards it, and what I believe is very important for every crypto investors or traders is knowledge (which will provide good observation later bring luck), greedy control (which also emotion control) and patience.

I think its a bad idea mate I personally suggest to take your initial money or any profit you have and the rest hodl if you trust bitcoin no one can predict what will be the future of bitcoin it may give you more profit but it may also ruin your life you have to balance your investment to avoid future losses.

It needs luck, observation and patience. If you observe well, knowing the good time for selling, and things go as your expectation. That's good. Besides, do not be too greedy.

In my opinion, this is around the worst time to sell. The Bitcoin price has risen in cycles and every cycle new highs were reached and huge profits were made (10 to 100 x per cycle). I think that this will continue as long as the fundamentals of Bitcoin remain strong and mass adoption is not reached so if you are not a trader just hold on to it and can go back to your chosen field because probably BTC will still perform well in the future. Again, this is just my opinion, and wishing you the best.

In my opinion, bitcoin is becoming the first choice after all of theses adoptions and it's never late to take entry, but need to DYOR first. Never miss any bottom to buy more bitcoin if market's sentiment is bullish. Also, bitcoin needs more correction for a huge bullish rally and we're just on that phase. Lets see what happen next.

Then you are not using Bitcoin anymore since you are staking different coins though. Read the topic carefully before you post off topic.

---

Bitcoin is still profitable by just holding it isince its price grow over the years regardless of what is the current price you invest. Just hold it and don't do any shit like leverage trading or other risky things in crypto.