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Topic: Is it possible to still make a good return from Bitcoin? - page 8. (Read 1506 times)

hero member
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Is it possible to still make a good return from Bitcoin?



Yes, it is always possible to make a good return from Bitcoin but it will all depend on your investment plans and strategies. In the space of investment, understanding the market is one key fact in making good returns. You don't need to hold unto Bitcoin for a long term before you can make good returns.  Daily trading seems to be a good avenue. For a week now, I have been doing daily trading and its been very good. All you need is to know and understand the Bitcoin market.
sr. member
Activity: 1680
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Eloncoin.org - Mars, here we come!
Neither of these happened

My question: Should I just forget about bitcoin now and go back to my business?

Because neither of them is happening! Bitcoin is never going to be regulated by anyone. And if it does(it won't), it won't really lose a lot of users because think of it, decentralization is a feature, and same as the transaction speed (when sending money across boarders).
legendary
Activity: 2576
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Leading Crypto Sports Betting & Casino Platform
The decision if you will still get into holding on the amount of Bitcoin you have or to just get back and focus in your business will be up into you since you will be the one to regret it or nourish its worth once you have decided into which path will you take. It is up to you if you find business more profitable or having more future to become an essential investment of your money to make good returns or still consider holding into Bitcoin because it seems like you are still wondering into the possible profit or good returns you can attain once you keep on holding it until such time you see that it will be the time to cut ties of engagement with Bitcoin and just focus on the career you currently have.
sr. member
Activity: 1624
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It's your choice if you are going to stay here in the bitcoin or go back to your business, but you can both bitcoin while doing your business. I will not leave bitcoin because for me it is a good opportunity as of now through online. You can make a good return through bitcoin like doing short term is good now and you will not earn money by doing bitcoin you can try also altcoins and other ways to earn money.
jr. member
Activity: 114
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We will see next rally sooner or later, its not late to enter into btc market. So, yes, its still possible to make profit in btc
member
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★777Coin.com★ Fun BTC Casino!
Who knows? A year ago some people couldn't believe Bitcoin would double its previous ATH one day.

Pandemic situation has changed the things for bitcoin and I think it has just bought it more into mainstream. Before pandemic not much companies were considering buying it but now with some have started in 2020, 2021 will have lot others who will follow them and this only means that big bulk orders will be in buying side resulting in higher demand. Thus, returns are very much possible now as well.

member
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Who knows? A year ago some people couldn't believe Bitcoin would double its previous ATH one day.
sr. member
Activity: 1638
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You let your long-term investment in bitcoin be good. Especially if you have a business out there, so it does not disrupt your investment.
Not everything related to cryptocurrencies is a pleasant thing by always giving a profit. Because cryptocurrencies hold negative risks to
a person’s financial system. But nowadays, cryptocurrency is an inevitability that currently exists and colors financial systems around the world.
Some technologies behind crypto assets can make financial market infrastructure such as payment systems more efficient.
copper member
Activity: 2968
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www.Crypto.Games: Multiple coins, multiple games
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. -snip-
1. You can't shutdown something that is decentralized. Can you shutdown p2p torrents? Look how many times the government failed trying to stop piracy through p2p decentralized torrenting. All they can do is regulated the usage of crypto currencies. Strict policies are being imposed which might indirectly make using crypto currencies legally somewhat centralized.

2. Sadly, this is still true. Only few stores and online shops accept crypto currencies but the adoption is expanding faster than people expected!
member
Activity: 949
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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?
Dont forget the bitcoin just wait for the dump and buy some and then hold, because if you buy bitcoin today maybe you are in a very big risk and you cannot earn a big  profit this time, beause bitcoin is now pumping and it is in a high price so buying bitcoin this time is not advisable. I believe that there is a right time for everything just wait for your time and be patience.
sr. member
Activity: 2366
Merit: 305
Duelbits - $100k Bonus/week
Yes, it is possible if you will learn to be patient and don't easily do panic selling, don't believe FUD and your investment will be fine.

That is the reason most holders hold their bitcoin rather than using this for payment method because they saw that it is profitable if you will holding this and take profit when the price spike in the market. I saw an article yesterday that there are big investors who earn in investing of bitcoin including the CEO of Ethereum, Vitalik Buterin.

Indeed, bitcoin has a good return upon investing.
legendary
Activity: 2450
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eXch.cx - Automatic crypto Swap Exchange.
Your best bet is that you should be able to choose one, or if you can, you should be able to do both. If you forget bitcoin I think you are missing a big thing, because the potential for bitcoin in the future is very high. So I think right now do what's best for bitcoin and your business. make both of them a big profit generator, because it's the best at this time.

Him forgetting Bitcoin I think has to do with him buying and holding and not entirely leaving the industry per se. From his post this won't be his first time since he bought previously and had held for this long. His strategy is the best and also since he has interest in returning back to his business, it'll be the most convenient for him.

All he just has to do is stay updated with the development of the industry and also be alert as new update pops up via the wallet he'll be using to store his coins. Obviously the recovery details has to be safely stored as well. With this you'll be profitable in years to come when you intend selling your bags for fiats

Bitcoin has future profitablity chances since it's full potential is yet to be reached. Adoptions are yet to come fully and when that happens it'll surely have its influence on the price of bitcoin spiking it to new milestones.
newbie
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sr. member
Activity: 1246
Merit: 285
if you are not ready for the risks that may occur, then you better leave crypto, but haven't you also made a profit? So it is very important to know the fact that BTC is indeed controversial, the risk is high because of the high volume, this is a fundamental thing that must be understood.
only invest what you can afford to lose
legendary
Activity: 1652
Merit: 1483
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.

This is my worry.

Especially the Litecoin/silver narrative, when gold and silver have different properties, whereas the difference between Bitcoin and Litecoin is largely psychological.

as far as precious metal investors go, the difference between gold and silver is largely psychological too. every one i've met primarily invests in gold but also wants some exposure to more speculative rocks like silver, platinum, palladium, rhodium, etc.

the classic investment mindset is all about diversification and sector analysis. most investors are much more focused on how all precious metals are alike and how their markets are correlated than about physical properties and real world (non-speculative) usage. they only care about where the price is headed.

the same paradigm applies to bitcoin/altcoin investment IMO. and that's a big reason why altcoins are gonna be with us for the long haul. however, just like the gold vs [all other precious metals] distinction, i think bitcoin is very likely to remain the dominant coin. even if we don't consider the actual security and network effect aspects (which make bitcoin drastically superior to other coins) the first mover advantage is incredibly powerful and difficult to overcome.
sr. member
Activity: 2338
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why not possible!!!
even in the last 24 hours of trading, Bitcoin has moved 6.8%. Bitcoin price is very volatile so it is not too difficult for you to make a profit of 5% - 7% every day if you are observant and lucky.
sr. member
Activity: 1876
Merit: 318
If you feel Bitcoin can provide a large profit, you should indeed HODL your Bitcoin and try to collect Bitcoin. My advice is you go back to your
business, then leave 10% of the profit you get from your business to buy Bitcoin every month. Do this for 5 years, I am sure you can get a very
large profit from Bitcoin. Moreover, you must also be aware that the price of Bitcoin continues to rise, so it is possible to generate large profits
from Bitcoin.
legendary
Activity: 2646
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DGbet.fun - Crypto Sportsbook
Very few have control, whereas the majority will easily go for a selling when on need or out of panic. Making a return out of bitcoin is possible unlike the market changes, but the user himself should have the mind to spend time on watching the market at regular time interval making buy and sell depending on the fluctuation. If one can do it good making a return is an easy task.
member
Activity: 224
Merit: 36
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.

This is my worry.

Especially the Litecoin/silver narrative, when gold and silver have different properties, whereas the difference between Bitcoin and Litecoin is largely psychological.
legendary
Activity: 1176
Merit: 1005
Decentralized Asset Management Platform
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?

Don't just forget about it - put it to work for you! Various platforms and exchanges like Binance or Nexo could bring you up to 10% APY in Bitcoin to your Bitcoin, e.g. without converting it.

This is the smarter choice if you want a passive income.
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