I love staking now and yield farming, and watching my coins growing in fiat AND crypto at the same time.
Topic: Is it possible to still make a good return from Bitcoin? - page 5. (Read 1506 times)
It is still possible - Stake it till you make it - my new motto
I love staking now and yield farming, and watching my coins growing in fiat AND crypto at the same time.
I love staking now and yield farming, and watching my coins growing in fiat AND crypto at the same time.
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?
well BTC certainly can go to zero value since its a decentralized crypto and depends majorly on the users , in addition its been a mainstream asset and institutional investments are also increasing , this might affect the value and may even bring it down to zero.
now about the investment , since you invested back in 2019 u might have done in around $3K-$7K value and you seen that after your investment BTC went a low around $6K other than that you have always been in profit ,
what you can do if you feel that BTC would crash is remove your initial amount invested then you can be safe and would have no risk of loosing everything, you can then invest that money in some another crypto or in any other asset .
I think that for Bitcoin investment, countercyclical operations are needed. During the peak period of currency issuance, you only need to hold it, and you don't need to invest more. When currency issuance is underestimated, it is often when high-risk assets such as Bitcoin are the cheapest, you need to buy more bottoms. It's because most people sold it urgently at that time, and the price was very cheap.
I still think that if you choose to hold for a long time, Bitcoin is the second choice after gold. If you just want short-term profit, then it may not be a good time to enter the cryptocurrency market now
Bitcoin prices are difficult to predict. Although the recent decline has been a bit large, I believe it will definitely rise in the future.
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?
If that you are able to see how many big and known companies are adopting and accumulating Bitcoin at this time? This simply means that these companies are positively thinking that they can make absolute money from cryptocurrency. They are not looking just for now but they are looking at the possible development in the near future. They probably saw that Bitcoin price will likely grow and surely in demand as the years coming where more people are utilizing such digitalization. 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 must have to think about it and the best is to consider the possible changes in the future so you won't be left behind from the market competition.
My question: Should I just forget about bitcoin now and go back to my business?
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?
Well, you can continue holding your bitcoins or invest it to generate passive income, although there is some risk involved, but at least you can generate more money from what you currently have and convert this profit to your local currency when you desire without sacrificing your initial bitcoin holdings.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?
As you have your business you don't need to rely in this investment, so it totally worths to keep holding as on long run the main prediction is that bitcoin is going to become very valuable and rare for new buyers to acquire.
You shouldn't, you got yourself 1 BTC and that is a ton, you can really acquire benefit later on and hold that until the following bull run where BTC can conceivably hit another ATH, I exceptionally recommend that you ought to get more slanted with digital currency rather than simply holding it to get yourself a more clear view on the measure of benefit you can really get in the event that you'd put additional time contemplating crypto.
Sure. Bitcoin is trading at around $32000 right now, and this is about 20% less the price where the Bitcoin made most money. But that comes with a very high risk because Bitcoin's price is highly volatile. But if you are willing to put in the risk, then yes, you could still make a good return from Bitcoin.
You shouldn't, you got yourself 1BTC and that's a lot, you can actually gain profit in the future and hold that until the next bull run where BTC can potentially hit another ATH, I highly suggest that you should get more inclined with cryptocurrency instead of just holding it to get yourself a clearer view on the amount of profit you can actually get if you'd put more time studying crypto.
no no no ,Because Satoshi Nakamoto retired prematurely, and the design of Bitcoin is far beyond the era, no one really understands Bitcoin 10 years later, and a lot of rubbish coins and rubbish chains have been created. The development of BTC has also been affected by a group of people. Anarchists control and go astray and become completely useless speculation. 
This question belongs to the Total Supporter and not for a Noob and newbies like you OP. because we have faith and support for Bitcoin so by any chance ? we Believe that Bitcoin will continue bringing Good Return for us.
We can manage to wait even how long just to make sure of our Holdings will remain, and yeah we are withdrawing some amount but Yet we keep our capital inside and adding everytime we have extra funds to risk on.
Maybe some will laugh but remember that we have laughed at them back in 2017 and last December until now , So there is nothing to be afraid on our part.
We can manage to wait even how long just to make sure of our Holdings will remain, and yeah we are withdrawing some amount but Yet we keep our capital inside and adding everytime we have extra funds to risk on.
Maybe some will laugh but remember that we have laughed at them back in 2017 and last December until now , So there is nothing to be afraid on our part.
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?
What business are you planning mate? If that can generate more than what Bitcoin can then I think you have the right choice but take note Bitcoin keeps on dominating so holding it long term will make sense. 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?
As a trader, I think it is important that your trades should be profitable and following a system that you are comfortable with, regardless what price of Bitcoin you have. So I guess what needs to be done is that you follow your process and definitely assure you that you will still be able to get good returns from Bitcoin. So to answer the question, yes, you will still be able to make good profits out of Bitcoin, on any price.
If you have a traditional business already, you don't need to stop it. Crypto investment is risky and if you mismanage this you will surely lose. But the good thing about Bitcoin investment is that you don't need to spend more time compared to traditional business which is also be considered an additional investment.
If you are having them both and you are enjoying it, make it continue. Bitcoin is really profitable if you are buying at a cheap price.
If you are having them both and you are enjoying it, make it continue. Bitcoin is really profitable if you are buying at a cheap price.
Exactly, I concur on that bitcoin may be a great resource and it is continuously depend on a holder in the event that they offer or hold until such time that the cost rise and pick up benefit. I accept that the bitcoin can donate a great return to its holder depending on the persistence since bitcoin may be a long term investment and it truly needs time some time recently we can pick up on it.Bitcoin is future global currency and at a point people will bid to buy Bitcoin.
Why not. It's gives huge return and that's why people are always trying to buy and hold them. They store it for a long time . Finally when bitcoin poum up you can see the difference between your investment or or profit. If the huge that makes you so hapoy
Bitcoin returns mostly depend on your investment but you can get a good profit when the BTC pumped and your account shows almost 2X or 3X more then your investment.
My question: Should I just forget about bitcoin now and go back to my business?
If I were you, I'd rather not. It is important to stay active in cryptocurrency world to stay tuned on what's happening. If you're going to temporarily forget Bitcoin, it's either you'll forget your private keys (or password) or miss the chance to sell your Bitcoin to maximize your profits in the long run, you know, buy low and sell high kind of basic stuff.
Just install a cryptocurrency app that'll help you monitor your holdings from time to time whenever you feel you want to.
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