Topic: Knowing when to own your bitcoin (Read 788 times)

Sure, you have to create the opportunity and follow your plans because hoping for the right time isn't quite easy. Waiting for price to dump before buying is a two edge sword, if you apply your DCA it means you are investing regularly. Waiting for me is not appreciative.

It doesn't really matter whether the price you buy, because we know bitcoin would surely increase in value. I see those who care more about price movement are those who want to profit in a short term and not looking forward to hold long term.

The truth is, it's the sole decision of anyone to decide how he goes about his investment, when to buy or sell just ensure you stick to your plan.

Wise People are those who invest in bitcoin when they have money because price does not go down to such an extent about which we imagine before Bull season as everyone is in Struggle to buy before creation of new ATH. If someone has bought bitcoin when the price was below 30k$ then it means that they have double their investment money even it is higher than the double value.

I think people don't have loss the opportunity to buy bitcoin because still the price is down from previous ATH of 2021 that was 69k$ so don't wait for the opportunity but create opportunity for yourself because you will decide about selling and buying price as market is unpredictable.

people can actually be dangerous and envy might even make them do something to you just because of your assets that is known to them, People who are seriously involved in investing in Bitcoin will not disclose their assets to outsiders; they know the danger behind it, and that is like a rule for successful people, know what to say and what to do, especially, when you are holding a large amount of coin, and friends and family should be the first part of your investment plan.


And if the person decides to hide their investment, it should be their choice If he or she wants to share as an encouragement for others, then that is the person's choice, and you have made a good point about people who talk about their investments some are just to show off, and others will make others just for encouragement and also because of opportunity, because if you look at social media, there are people who talk about their investments on social media and even have academic classes for those that want to learn.

and the way they are flashing their wealth on social media, these are guys who hold quite an amount of virtual assets, and is not as if people can do anything to them, people can only envy the outside but cannot do anything. If anyone wishes to share, then it's a matter of choice.

It is not wrong if someone wants to hide their investment in Bitcoin because there is no need to share it with many people. After all, other people also often invest in Bitcoin, which can even be more than what we invest, so it's only natural not to reveal this to many people by continuing to enjoy the success we have now. Apart from that, at this time it is still good enough to continue making long-term investments in Bitcoin because considering the moment it is still quite feasible to do that.

People have a lot of greed and envy so no one can see the success of others. so there is nothing to regret about this matter. you should enjoy your own success. Success is a very difficult thing so those who can achieve success should enjoy the moment. And you should always keep your investment hidden to be safe from all sides. That would be great. And it is better to invest in Bitcoin for the long term as the risk is less

Ignore people who are jealous of your success, and don't be surprised when they feel uncomfortable because you are more successful than them.
But can you tell us that you sold your bitcoins or are you still holding them? To be honest, once we have made a big profit and continue to hold and face market fluctuations is not easy.

Personally, I was also profitable with my bitcoin investment and I did not hesitate to sell some of my bitcoin shares when I achieved x2 profit. I don't rule out the possibility that bitcoin will be dumped again and I might buy it back to increase my bitcoin holdings.

And that is fearful to do. Just like how you bought BTC at the bottom. it is also fearful to hold your position until new all time high will form. And it is fearful to do yet that is the only way to make money because you may lose the profit that you already have. It take guts to make money because you need to take risk, and conquer your emotion not to follow it's advice. When you are fearful, that is the time that you should be hopeful. When you are hopeful, that is the time that you should be fearful.

Just continue doing your thing OP. Stick to your plan and invest to BTC as much as you can.

   Since bitcoin is getting popularity due to inflation crisis all over the world, any day and any time of the day is best time to buy bitcoin. For a long-term investment, a particular hour does not matter since in the long run price will increase. For a short-term investment, keep in mind that bitcoin price hourly fluctuation has no regular pattern. If you believe in value prop of Bitcoin then it's always time to buy, put some money aside every 2 weeks and buy it which will average your cost, you can't guess ups and downs. If you want to make quick money by buying and selling at the right time, then no one can guess, and everyone who claims they do, they are lying. The problem now when we are in a bull market is not to FOMO as there will definitely be corrections on the way up. And when you see a such correction then it may be a favorable time to buy Bitcoin. Keep in mind that Bitcoin may go for a prolonged time without experiencing corrections especially in strong bull markets like the one we are now.
  If you believe in the long-term potential of Bitcoin and can afford to hold through market fluctuations, buying now could be a sound decision. Remember, Bitcoin has shown resilience and continuous growth over the years, often rewarding patient investors. However, if you prefer a more cautious approach or if you anticipate a potential short-term dip in price, waiting for a favorable entry point might be wise. Conduct thorough research, keep an eye on market trends, and consider consulting with financial experts before making any investment decisions. Ultimately, the decision to buy Bitcoin should align with your financial objectives and risk appetite. Whether you buy now or wait, remember to invest only what you can afford to lose and stay informed about the dynamic cryptocurrency market.

Many people are making huge profits by investing in Bitcoin and holding Bitcoin Bitcoin is a powerful crypto coin and the first to emerge in the crypto era.  And it is designed in such a way that without any kind of owner control it will live only as long as the internet lives. That is why Bitcoin can be trusted freely and any amount can be invested here and that too for a long period of time.  If op is holding his bitcoins strongly then he must have been very profitable so far as the price of bitcoin has crossed $72k today.

Op are you still holding your bitcoin? If you haven't sold your bitcoins yet, you are definitely in about 3.5x profit now. Which is a profit to Hughes. Long-term investment in Bitcoin is definitely profitable, but it requires patience and long-term investment. Bitcoin is a very potential coin I think you know this very well and that's why you invested in Bitcoin at that time. congratulations for your great experience and a great profit from bitcoin. However, even though Bitcoin is very potential, there is a lot of risk in the investment, so you must continue to invest using the DCA strategy when investing later.

OP is just lucky to first bought his bitcoin at a very low price and is still hodling until now. That only proves that he knows well his investment, and that patience will be the greatest factor to gain massive profits in the future. Not everyone can be as steadfast as he is, while looking back from those price corrections that made bitcoin price very unpredictable.

Now that bitcoin halving and bull run are fast approaching, then the more that he will hold tight his investments. This is the time that greed will come in. But if he will focus on his goal and disregard his greed, eventually everything will paid off in the end. Congrats in advance OP.

Buy bitcoin for 22k USD and OP's profit is only nearly 3 times higher if calculated at the current price, I see this as a very normal thing and not a huge profit to be suspicious of. If someone doesn't believe it then ignore what he says, we don't need to be so jealous that we doubt other people's small successes.

Besides bitcoin investment also brought me a small profit, some altcoins even brought me 10x profit. To me, this is too normal and nothing to brag about because we all know the potential and risks that this market can bring. These days, if someone has an understanding of the market and invests in projects on DEX, it is not too difficult to earn 3, 5 or 10 times profit in a day.

OP continuing to hold or selling a portion are both good options. To be honest, we all hope that bitcoin will rise in price and break its ATH again soon, but we have no guarantee that will happen for sure and profit taking has never happened. now it's wrong. If it were me, I would sell 20% of my bitcoin holdings and I can enjoy my results, but in case I don't need the money yet. I will use that money to wait for the opportunity for bitcoin to adjust to buy back bitcoin at a better price. The long-term holding option is not bad because OP has acquired a buying position at a very nice price.

OP has done very well and of course because of his patience and also his belief in Bitcoin, that in the long run Bitcoin will provide huge profits for him.
And if OP has the ability to be more patient and is not tempted to sell because OP has now made a profit of 3x the purchase price of $22,000, then currently the Bitcoin price is approaching $70,000. And we will soon pass the halving and if OP still holds or makes purchases during the journey, then OP will get much bigger profits after passing the halving. And I congratulate the OP and keep the enthusiasm to achieve much greater profits from Bitcoin in the long term.

Congratulations on earning a profit from your Bitcoin investment. As an investor I am also happy to see the profits of your invested bitcoins. In fact, when you bought bitcoins, the price of bitcoins was very low, so maybe that was the best time to buy bitcoins. If we consider from the time when you bought Bitcoin for investment till now, we can see a lot of upward trend in the market. You mentioned that you bought Bitcoin when it was $22,000, but since then the price of Bitcoin has gone up a lot and reached a unique high.

As we saw the price of Bitcoin touch the new ATH if you were able to hold on to the Bitcoin at that price then you faced much more profit. Which will make you much more happy because you have gained more. People like you who bought Bitcoin at that price and managed to hold until the new ATH record will be much more profitable and happy. That's why we should buy bitcoins and hold them for a long time with patience.

Congratulations to you on you big profit mate. People who bought at that price and ar still holding till this very moment at currently on big profit and this has to do with patient in investment. OP you have done well. This means you are a patient investor and can good for a very long time. If I were the owner of that  btc you bought I could hold it further till after the bull run to see how far I can go with my investment to make more profits.

if you think that having Bitcoin is important and it will give you a big help in the future you will try to have it no matter what happens. because you saw it with great potential.

So when you have a chance to have this, you won't waste anything to buy little by little and hold it long-term for your good future or your loved one.

Is that the rules in this forum, that everyone that posts about Bitcoin purchase must post his or her Bitcoin wallet address to prove a point, and why should anyone say he bought Bitcoin when in reality is not so?

May be there is more I should learn along the buying Bitcoin and making my excitement known to fellow forum mates

Congratulations on your very good profits with your Bitcoin investment. I believe that this initial gain will give you quite a bit of confidence, and it will sometimes cause you to ignore warnings when the market enters a correction period. Have you ever thought about what you will do when Bitcoin drops from 52k USD to 30k USD (profit will decrease when quite a lot), will you sell or continue to hold? Investing is a long road, I agree that Bitcoin and the cryptocurrency market are the fastest and most attractive investment markets, but if you do not have a clear plan for your investment, you will easily get caught up in the psychology of the crowd (sell when scared - buy back when the market rises).
I was once like you, extremely excited when I just invested and earned almost double the profit. At that time, I thought I was very good and understood this market well, so I kept buying and reselling it because I thought I would quickly make a profit. But after a period of looking back, I didn't make much money during that whole process instead of just holding it long-term, it would have given me much larger profits.

Do you really feel you are smart, I have been wondering how many Bitcoin you bought to have given you financial satisfaction within the shortest time frame so funny. Am putting it to you that you don't have any stash in your portfolio and when next you want to lie you have to be more smarter. I will advice you do more reading to enable you contribute meaningfully. However there is no point bordering about knowing when to buy, you can buy anytime at any price with your dca strategy so far your are buying to hodl, Bitcoin is best when seen in long term perspective to enable you have a compounding of your invested value.