Is it possible to still make a good return from Bitcoin? - page 9.

Asuspawer09

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Quote from: CryptoBita on January 15, 2021, 04:11:09 AM

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?

You have your point we don't really know what would happen in the future just like what you said bitcoin could get regulated or shut down at some point, at some point if it gets out of control.

That would only happen if things happened but if bitcoin just continues to adapt as it is today surely in the future it will be a lot more value and could even reach up to a 1million dollars of value.

Still, the potential is already in there and it's hard to take profit if you're not holding for the long term, it's better to just forget about your investment and then just come back if its bullish.

chaser15

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Quote from: CryptoBita on January 15, 2021, 04:11:09 AM

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

That question should only be answered by you. Decide to yourself what's the best thing to do.

Since you are in a crypto forum, and it's a "fact" that BTC is promising, you will see lots of replies here being optimistic about bitcoin. But people have different views about bitcoin and we are not in the place to say, you should invest in BTC as it should be at your own will.

There are lots of businesses that become successful without involving in BTC so your choice of going back to business is not totally wrong. You are the only that knows how to manage your time and capability of growing your business rather than us. Think if you can handle involving in BTC and business at the same time or just choose one.

passwordnow

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Quote from: CryptoBita on January 15, 2021, 04:11:09 AM

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

Forgetting is like you just want to hold it and wait until the price goes more than what you can ever think of. You can make your decision just as you're thinking and you're the captain of your own ship. If you've got other businesses to do, this is one of the good things that you can do while being invested to bitcoin. It doesn't require you to monitor it all of the time as long as you're making yourself secured with your holding and you have the private keys, you can do other things.

imstillthebest

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and since when do you think that bitcoin is not profitable ? btc is always profitable , dump or pump market you can find a way to produce profits .

since your goal is to make good return , holding 1 btc is not going to be enough but you need to add more and then hodl them for a longer time , you can do it easily by forgetting that you have a btc in you and return to your non btc business like nothing happens .

comeback in the future to harvest your billions

isaac_clarke22

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Quote from: CryptoBita on January 15, 2021, 04:11:09 AM

~

You had your thoughts wrong on one. It can't be shut down. It is a decentralized asset, and nobody can control it so you don't have to worry any single false statement of whoever claims that. Even bans still have workarounds through VPN. You don't have to worry about not getting too much adoption because you can still hold it for its value.
You should probably start doing something to your holdings. Here in my country, it would make me a millionaire already actually.

niltinho06

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Boa tarde!

Gente, desculpe se atrapalhar um pouco a postagem.

Não sei quase nada de inglês.

Eu só venho no fórum colocar questões que me intrigam... Vi uma reportagem de uma pessoa que jogou o HD fora em um lixão, cheio de Bitcoins, porque não queria mais saber da tecnologia e achava que isso não ia pra frente.

Aí pediu pra prefeitura da cidade pra tentar recuperar o HD. Lá hoje tem mais de 1 Bilhão de dólares enterrado.

Fico pensando, se as pessoas ficarem guardando e perdendo os Bitcoins em seus HDs, por exemplo, daqui a pouco não vai ter mais um Bitcoin dispónível.

A comunidade tem que pensar em como recuperar Bitcoins perdidos para sempre. Será que só eu pensei nisso? É muito óbvio! Tem que haver uma maneira de constatar Bitcoins perdidos, revalidar eles no sistema mundial, e depois serem minerados novamente, por exemplo. Ou alguma solução viável, que mantenha a segurança e a quantidade de Bitcoins intactas.

Era só isso. Não sou cientista nem especialista na área, apenas uma pessoa empolgada com a tecnologia. Boa sorte, Deus abençoe a todos!!!

molsewid

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Quote from: Taskford on January 15, 2021, 09:56:43 AM

Quote from: CryptoBita on January 15, 2021, 04:11:09 AM

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?

Profit is in your hands already and it's your decision if you want to forget it for a while and comeback later on if you feel to sell or been alerted when the price collapsed(but this thing will never happen), also if you feel you are comfortable better stick with it but just don't learn some important details about Bitcoin on daily basis so that you can learn as well get updated on the latest happening.

Earning a profit in bitcoin was not far different by earning a profit in real businesses or even in work or any kind of works or sidelines that may give you a profit. Earning money was rellied upon on how you will work for it. It isn't like you are lying down under a guava tree waiting for a rippen fruit to fall exactly on your mouth. Patience is a virtue when it comes to cryptocurrency but earning isn't just waiting or leaving your bitcoin here and when you come back to see your account it will accumulate, still we have to do something for it to be able to accumulate.

Taskford

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Quote from: CryptoBita on January 15, 2021, 04:11:09 AM

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?

Profit is in your hands already and it's your decision if you want to forget it for a while and comeback later on if you feel to sell or been alerted when the price collapsed(but this thing will never happen), also if you feel you are comfortable better stick with it but just don't learn some important details about Bitcoin on daily basis so that you can learn as well get updated on the latest happening.

Kocret02

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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.

Thanos01

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Quote from: CryptoBita on January 15, 2021, 05:18:25 AM

I'm kinda thinking of buying and adding to my holdings. Just wonder what a good price would be. Or if there is a better place for my money? I'm knew to this but my ADA seems to have gone up far more..

The current price of bitcoin is 38000$ so it can be the best price to invest and also can be the worst because the price might fall from this point and we will see the 2017 scenario happening again so no one can really tell whether if this price is the best to invest in, but no dept there were times in the past where you could buy bitcoin in cheaper prices.

We all believe here that bitcoin will fly higher for the long term so I think buying now can give a good profit for the coming years, but you should always have a plan B to deal with the bearmaket if it happend .

dothebeats

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Personally you can still make some money from bitcoin if you are into it and you spend some time buying and selling, especially now that the volatility is insanely high that every hour or so, the price moves $1000 up or down. You can also do what you have in mind since it has been proven time and time again that bitcoin appreciates in value over time. In that way, bitcoin serves as your passive income while you tend to your business, which generates active income over your part. Consider your $10k bitcoins as some form of time-deposit that you can open once you're already comfortable with your gains.

Coinsfera

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Quote from: CryptoBita on January 15, 2021, 04:11:09 AM

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

Bitcoin recovered its price to almost 40k. I think that price will go further than it is now. If Bitcoin begins a bullish run it is hard to know where it will land. Probably Bitcoin goes further than 40k as analysts say. You should not think about Bitcoin more, just let it increase while you do your business.

Oasisman

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Those two negative thoughts you had about Bitcoin before didn't happened, and now you're about to do the same thought all over again?
You can do your business as usual while leaving your crypto investment as is. I mean that's a win-win situation.
Bitcoin has been rising every year and it's popularity is constantly spreading. Don't you think Bitcoin could reach a six digit figure? Imagine how much profit you'll make out of your 1 Btc If in the next 5-10 years Bitcoin will be worth a million a piece.
You should re-evaluate your decisions.

shide2020

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Don't give up still reinvests you will get double return. bitcoin is a kind of investment that require time and patience to achieve.

XZERO1

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Quote from: CryptoBita on January 15, 2021, 04:11:09 AM

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

In short-term: probably not, long-term: most probably yes.

The best way to make a good profit from holding bitcoin is to always have some capital set aside for buying Bitcoin on dips, even though buying at these prices could still be profitable, risk/reward ratio at these prices is not great, corrections are normal for any market and they eventually will happen sooner or later and the smart move is to start laddering buys when the correction starts, for example if bitcoin goes down 5% you buy some with 10% of your capital, if it goes down another 5%(%10 in total) you buy more with %20 of your capital and so on.

Alucard1

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Before getting back to your business, you must understand first the world of crypto and then decide whether you are going to leave it or not, for sure if you study this and gain enough knowledge then you'll not leave it anymore, you may do it and your business at the same time. Bitcoin is now going strong now adays, actually, you may also use it on your business if that is online then you may use bitcoin as means of payment.

blckhawk

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Quote from: CryptoBita on January 15, 2021, 04:11:09 AM

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.

Well there you have it Bitcoin is fully alive yet becoming a thing. It cannot be shut down by anyone, they could impose a prohibition upon using but people will still find a way. Besides what good on it is decentralized so no one can completely manipulate Bitcoin. Bitcoin also became more popular as big institutions begin to venture on this one and that is the reason why it growing insanely right now.

Quote

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.

Unfortunately, we don't exactly when it will hit its peak in fact I don't know if it is possible because Bitcoin was volatile and changes its price overtime. And I don' think as well that this will drop to zero because just what I have mentioned everyone is getting on it.

Quote

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

I'll leave the decision to you if you are not ready to accept Bitcoin then maybe better to go back to your business but if you want to experience it then go for it. Just choose where you are comfortable with.

businesssoftware

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This is depend on your choice. Bitcoin is giving huge profit and return and this is long-term investment i think. i have purchased bitcoin at low prices today its super high.

aoluain

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Quote from: CryptoBita on January 15, 2021, 05:18:25 AM

I'm kinda thinking of buying and adding to my holdings. Just wonder what a good price would be. Or if there is a better place for my money? I'm knew to this but my ADA seems to have gone up far more..

I would invite you to check out Michael Saylor of Microstrategy, He has done
many interviews all of which can be found on Youtube.

There is no better place to put your money for the long term than in Bitcoin.

Whats a good price? the price will fluctuate, if you are not trading just buy
when you can especially when the price falls back.

There are plenty of people who are waiting for Bitcoin to fall to say €25k
or lower before they buy, these massive percentage drops wont happen anymore.

Think of the two slogans below

"Buy the Dips"

"Dollar cost averaging"

figmentofmyass

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Quote from: CryptoBita on January 15, 2021, 04:11:09 AM

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?

it sounds like you've bought bitcoin strictly as a long term investment/hedge. if that's your orientation---and that's fine; you certainly aren't alone in that---then you should probably just HODL. keep your coins safe in cold storage and come back in a few years. the mass/institutional adoption scenario seems to be playing out. enjoy the ride. Cool

if you're ever interested though, bitcoin is a fantastic tool for financial and privacy freedom. it's very liberating transacting without care for borders, regulations, etc and away from the prying eyes of banks and other 3rd party financial institutions. it's not only an investment, but also electronic cash. in fact, i would say its censorship resistance, pseudonymous nature, and fungibility qualities (which underlie bitcoin's network effect) are a very important part of its fundamental investment value.

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