Topic: Is it possible to still make a good return from Bitcoin? - page 7. (Read 1506 times)
Bitcoin was the best performing asset class of 2020 as the chart below shows. Gold and equities were crushed in comparison. Bitcoin's strong performance has not escaped the notice of Wall Street analysts, investors and companies.
it is true that everything will happen in btc no one can predict it i am impressed with your idea of btc in the next 5 years but for those who have already held btc from 2018 yesterday maybe this is where they sell it because the price in 2018 was very cheap compared to 2021 then now they automatically get a tremendous profit.
No one can predict the future and also no one says that the bitcoin and the market will pump up very high last year 2020 and until now it is still pumping up. That's right that compared to year 2018, the bitcoin's price was really far and cheap compared today. Many or some of us take a good profit from this unexpected pump up, many people sell their holdings in order to get a tremendous profit to covered the losses that they have on 2018. 
If nothing unusual happens, bitcoin definitely has a great future. Bitcoin has grown sufficiently in the last ten years now millions of traders are exchanging bitcoins every day. The trading market has grown to become more enhanced and sophisticated. With more trading platforms springing up, the ways of trading have also improved. Strategies have escalated and now margin trading has become a thing.
Ages ago, margin trading wasn’t an option and traders didn’t bother about low leverage. Now margin trading is a requisite in trading so everyone has been applying the system in their trades. The diverse ways in which trading can be done is highly lucrative and much-needed information for any trader. Bitcoin investing, mining, giveaway sites, airdrops, bounty programs and more are great alternatives to generating revenue.
Institutional investments have increased and millions are invested on only regulated and secure trades in the crypto market. Therefore, such investments may pave the future of cryptocurrency. The cryptocurrency is becoming more mainstream with time, with rudimentary traders joining the buzz causing the crypto culture to be slowly normalized.
Ages ago, margin trading wasn’t an option and traders didn’t bother about low leverage. Now margin trading is a requisite in trading so everyone has been applying the system in their trades. The diverse ways in which trading can be done is highly lucrative and much-needed information for any trader. Bitcoin investing, mining, giveaway sites, airdrops, bounty programs and more are great alternatives to generating revenue.
Institutional investments have increased and millions are invested on only regulated and secure trades in the crypto market. Therefore, such investments may pave the future of cryptocurrency. The cryptocurrency is becoming more mainstream with time, with rudimentary traders joining the buzz causing the crypto culture to be slowly normalized.
This is a choice you have to make because at the end of the day if anything happens you will have it at the back of your mind that the decision made is yours. Bitcoin is a good investment that you can hold till future rise
it is true that everything will happen in btc no one can predict it i am impressed with your idea of btc in the next 5 years but for those who have already held btc from 2018 yesterday maybe this is where they sell it because the price in 2018 was very cheap compared to 2021 then now they automatically get a tremendous profit.
Anything is possible with BTC. If I have 1 BTC and enough fund with me to survive then I won't sell my BTC for at least for another next 5 years. I would say it's just the beginning of the bitcoin boom. You should forget it and focus on your other 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?
At the end no one can answer that question except yourself, bitcoin still has a lot of potential but I will admit that right now it is very difficult for someone to get in the market since the price is so highNeither 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?
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?
At the end no one can answer that question except yourself, bitcoin still has a lot of potential but I will admit that right now it is very difficult for someone to get in the market since the price is so high, if you have no knowledge about trading then it is better that you choose to keep holding that bitcoin that you have in the case the price skyrockets and if it crashes and you have some cash at hand then you could use it to buy some more bitcoin at a cheap price. 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?
Investing in bitcoin is always different from other investment fields and you can easily make handsome profits. You just have to gather proper knowledge and know when to make entry or not. Whenever bitcoin price move gradually and worldwide traders get active at that time you can choose your entry zone.
It doesn’t matter how lower or higher the price is where you can easily make money by making entry on right time. Most important thing is you will have to know when its time to buy and sell. Just don't run after baseless predictions. Thats all.
It doesn’t matter how lower or higher the price is where you can easily make money by making entry on right time. Most important thing is you will have to know when its time to buy and sell. Just don't run after baseless predictions. Thats all.
Yeah you can still earn profit from bitcoin . Because it is always profitable . Who bought bitcoin last year with low price only $3k or $4k now look at them where they are now . So I suggest you to save your bitcoin and forget about it but not forget the key 😜
I believe it is possible to make a good return from bitcoin, but we need to calm down if we can not make it short because bitcoin price will depend on the market. We can search the other way to make money from bitcoin, and we can use bitcoin as a payment for what we do, so we can try to work from many businesses. We can try to search for freelance jobs with bitcoin as the payment.
The answer to your question, as you can presume, is uncertain. No one can be sure of the next step, the price level. However, if you believe that your investment will be successful in the long run, and you trust the fundamentals of Bitcoin, there is no need to anxiously follow the market. But on the contrary, if the amount you invest is significant for you and you want to leave it with a profit, it is useful to follow the market situation and technical analysis, albeit occasionally.
No one can be sure of the next step, the price level. However, if you believe that your investment will be successful in the long run, and you trust the fundamentals of Bitcoin, there is no need to anxiously follow the market. But on the contrary, if the amount you invest is significant for you and you want to leave it with a profit, it is useful to follow the market situation and technical analysis, albeit occasionally. 
Mate you can make lot of short term profit in BTC right now because the fluctuations are really good, last week suddenly it went to 30k then it cake back to 35k. The price is playing between 34 - 37k from couple of days, isn't this an opportunity?
I think this market movement is very important for us to buy and sell for short term however we need to be very careful even the defi projects are doing great from few days. I believe this is a great opportunity for everyone.
I think this market movement is very important for us to buy and sell for short term however we need to be very careful even the defi projects are doing great from few days. I believe this is a great opportunity for everyone.
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 still possible, I'm making more through staking.
IMO the game of buying and selling fiat <> crypto is done. Now the money are in staking, lending and DeFi projects.
As the same question to those who made the investment at ATH levels, during the previous rallies. I am someone who made my investment in 2012, when the exchange rates were really low. But I know a few users who made their move at ATH levels in 2013 December and some who did the same in 2017 December. Those who held onto their coins (only a few did) are in very good profit now.
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 institution or state can really control bitcoin dude, bitcoin is the most decentralized and now mainstream, which is better than storing gold.
whatever your choice while you are comfortable doing why have to seek other people's opinions? You are free to determine the path you want to go.
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. the problem of price, it is indeed difficult to make bitcoin to 0, because the price is still high and the supply in the market is still there. maybe one day if the supply runs out, then people switch to etherum then bitcoin will go down even though it will not reach the price of 0.
In my opinion, why not make bitcoin a side job, yes, you can do your main job and invest or trade as a side job, and many of them also make people millionaires.
This quote is the most sounding option for anyone that is still confused including OP. Bitcoin is still considered by some as an asset so it is in your best interest to buy and hodl and get your profits when the time comes. Making a lot of income streams is the best course of action, if you have the resolve and determination to do a lot of work. 
As of this moment is all about the timing to invest, you need to spend some time in the crypto market and to be updated every time the price goes down. You need to be vigilant because it could not be the last time you see the price drop there will be a tendency that it could go down even lower or it would not go down at all. The only thing you can do right now is to trust your instinct because this scenario has never been happened before in the history of crypto and all you need to do is the right timing of when to release your money to be converted to bitcoins.
In my opinion, why not make bitcoin a side job, yes, you can do your main job and invest or trade as a side job, and many of them also make people millionaires.
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