As a beginner before owning or buying bitcoin you must learn how to sustain like after buying learn how to hold for long
MY STORY HOW I LOST MY BITCOIN
At the year 2010 I bought bitcoin at #900 then it was 0.005 and before ending of 2012 it was 0.5 and at that period I was happy that I'm already making money but at the other hand I was unable to hold it for long that very time cause i never knew it will get to this very amount
Now I have to start all over again buying
Topic: Knowing when to own your bitcoin - page 3. (Read 838 times)
Congratulations, when luck hit you next time and your timing falls on bear market, it wont sound funny anymore , so I will advice you acquire more knowledge of bitcoins so the story won't be reversed later. To me learn when to take profit, when to hold and when to buy more , you must avoid greed for more and also avoid squandering. To keep the line of wealth in place.
I will also suggest that you engage in diversification, so that you can keep earning more. Relying only on bitcoins which is not predictable may be easy.
I will also suggest that you engage in diversification, so that you can keep earning more. Relying only on bitcoins which is not predictable may be easy.
As a beginner to go all in is quite a bold move but something that is definitely worth it! Lots of beginners often hold out until the very last minute due to the being hesitant. This is why a lot opt to go for the DCA method but to go all in deserves some applause.
Bitcoin will definitely rise more in the next following months. It will continue to increase even after the halving event. It might take another while for the next halving but there is huge possibility that Bitcoin will exceed 100k. If you are planning on taking out your money right now, you would have already gained profit however I would advise you to keep on holding.
There might be some challenges along the way whether on your end or bitcoin's but for sure, holding for longer would benefit a lot of us.
Bitcoin will definitely rise more in the next following months. It will continue to increase even after the halving event. It might take another while for the next halving but there is huge possibility that Bitcoin will exceed 100k. If you are planning on taking out your money right now, you would have already gained profit however I would advise you to keep on holding.
There might be some challenges along the way whether on your end or bitcoin's but for sure, holding for longer would benefit a lot of us.
The worth at which you have bought bitcoin is low cost and if we compared today's cost with 22k$ then you have lots of profit if you sell your bitcoin now. But keep it in mind that all the time luck will not help you as you have choose bitcoin this time but all the time every coin does not show the same success so use your knowledge instead of trusting your luck.
There are lots of other people who have bought bitcoin at 15k$ of worth and they are more lucky than you because they decide earlier than you to buy bitcoin. I think every time is good time to buy bitcoin if you can afford to buy bitcoin at that time but if the price is lower but you don't have money then its not your fault so try to buy whenever you can buy.
There are lots of other people who have bought bitcoin at 15k$ of worth and they are more lucky than you because they decide earlier than you to buy bitcoin. I think every time is good time to buy bitcoin if you can afford to buy bitcoin at that time but if the price is lower but you don't have money then its not your fault so try to buy whenever you can buy.
Congratulations OP, now that you have succeeded to purchased a huge amount of Bitcoin as a newbie, hope you will hold for the real bullish season to come, because that is the season both long term investors and short term investors use to make passive income from the market, which it will give you the same opportunity to be part of the lucky investors. When you succeeded to purchased Bitcoin in the right time, it will give you so much hope during your holding because you will begin to think positively about the market price. Ensure you save your Bitcoin in a solid wallet like electrum so that you will not experience missing of Bitcoin in your wallet in the future, but when you don't make use of the solid and safe wallet, you will definitely experience some negative challenge in your wallet.
My joy of buying bitcoin at the right time when bought my first Bitcoin has been excessive in this period that Bitcoin price have risen continuously.
My story
As a newbie and first-time investor and holder of Bitcoin, I made a decision that has led me to a stage of financial satisfaction within a short time, just by risking the right amount and at the right time.
I bought Bitcoin when the price was low at about $22,000 price and i went all in with the whole capital at my disposal, as a newbie i was sceptical, but also i was ready to take that risk.
Luckily for me, Bitcoin is now at 52 thousand dollars, and i feel so excited to see the number of profits that i have accumulated within the shortest time which no other investment can give such profits in such a time frame, so I am glad.
Since you invested when the price of Bitcoin was low and now the price of Bitcoin has increased a lot, you have made a huge profit. If you bought bitcoins at $22,000 then of course since bitcoin is currently worth $52,000 you have more than doubled your profit. But if you increase your investment period and want to do it for long term then it can be expected to give you more profit in future. As you are a newbie and your first bitcoin investment is successful and you get good profit in short period of time it is very happy for you but you have to hold to get more profit from one. If you start holding Bitcoin at the current level and hold until Bitcoin ATH you can expect multiple gains. Although you have invested in Bitcoin so it is not at all risky for you Bitcoin investment will always give you financial freedom. And you invest bitcoin and hold it patiently it will surely lead you to success and now as you are facing huge profit, so glad you don't sell your bitcoin now but hold it. My story
As a newbie and first-time investor and holder of Bitcoin, I made a decision that has led me to a stage of financial satisfaction within a short time, just by risking the right amount and at the right time.
I bought Bitcoin when the price was low at about $22,000 price and i went all in with the whole capital at my disposal, as a newbie i was sceptical, but also i was ready to take that risk.
Luckily for me, Bitcoin is now at 52 thousand dollars, and i feel so excited to see the number of profits that i have accumulated within the shortest time which no other investment can give such profits in such a time frame, so I am glad.
Can you post your Bitcoin address?
I am surprised that you requested for this. You should understand how this forum works and how we even advice newbies who post their addresses to keep them private. Op do not have to do much to prove to us that his story is true. For your mental wellness, just assume OP just lied and all will still be fine.My story
I assume you are one of the many people who are currently happy with the profits you have made with Bitcoin because the price of Bitcoin is increasing.You are also one of the lucky people with Bitcoin because you bought it at a price far from the current price. Luck exists but not everything and forever depends on luck.
I think your story is true. I am also happy with the luck and profits you get.
Bitcoin is a coin I know quite well that holding it is something that come from your plan's and again you can't hold a bitcoin without you having an agenda, so, someone who hold bitcoin has already planned on how to make profit in bitcoin and it has already gotten the experience of bitcoin, come to think of it properly you see that bitcoin investment is benefitting people who understand the exact time to invest in bitcoin and when not to invest in bitcoin, because at a point you see that not as many we think can hold bitcoin for long time.
Winning big doesn't mean smooth sailing forever. The crypto market's more unpredictable than a toddler's nap schedule. So, this dude shouldn't get cocky and think he's invincible. He gotta stay grounded, remember that even the pros get wrecked sometimes.
Investing ain't about waiting for the perfect moment to strike, that's like waiting for a unicorn to deliver pizza. Dive in when you're prepped, know the risks, and only play with money you can afford to lose.
Sure, optimism is cool, but don't let it blind you like a laser pointer to a cat. Be smart, take profits when it makes sense, and spread your bets across different coins. Don't put all your eggs in one basket, even if it's a shiny, digital one.
Investing ain't about waiting for the perfect moment to strike, that's like waiting for a unicorn to deliver pizza. Dive in when you're prepped, know the risks, and only play with money you can afford to lose.
Sure, optimism is cool, but don't let it blind you like a laser pointer to a cat. Be smart, take profits when it makes sense, and spread your bets across different coins. Don't put all your eggs in one basket, even if it's a shiny, digital one.
Yeah, there's always happiness over something that is gotten right.
so the question now is; How will you know the actual (right) time to buy Bitcoin?
From the ops explanations, he stated that he bought his initial Bitcoin which at that point what came into his mind was how to own his first Bitcoin and the ops may not have looked at the price of Bitcoin then, but this is what happens to most newbies unless they have a strong financial knowledge of the market before getting their first capital to invest in Bitcoin, only then will they take note of the price of Bitcoin before buying it and that the best point on buy-in.so the question now is; How will you know the actual (right) time to buy Bitcoin?
Most of the newbies in that category will only grow along with knowledge after the bought they first Bitcoin and become a member of the forum, this is why many of them sometimes jump in when the price is already high and will have to wait longer before they see any tangible profits.
I assume you are one of the many people who are currently happy with the profits you have made with Bitcoin because the price of Bitcoin is increasing.
You are also one of the lucky people with Bitcoin because you bought it at a price far from the current price. Luck exists but not everything and forever depends on luck.
I think your story is true. I am also happy with the luck and profits you get.
You are also one of the lucky people with Bitcoin because you bought it at a price far from the current price. Luck exists but not everything and forever depends on luck.
I think your story is true. I am also happy with the luck and profits you get.
True or not, Bitcoin is so promising, we can see it all around us, and those who want to get the best through it must be ready to take the risk. But it's not about just taking the risk but taking the risk at the right time. Like the OP, he took the risk at the right time, and you can imagine what he would gain if Bitcoin eventually hit $100,000 or more in the next 1.5 years. How many banks and investment packages can achieve that (almost x5) within that short time?
The courage to take risks on Bitcoin certainly has a basis. Long term is more appropriate than making Bitcoin a traded asset.
Bitcoin investments earn huge returns at different times when compared to investments like gold.
wow great, congratulations to you, I'm happy for you too. I hope you get maximum profit from crypto. I'm also accumulating my bitcoins, but I'm a little sad now because every payday I usually get how many bitcoins, now because the price of bitcoin has gone up, I get less bitcoins than usual. but that's okay. By the way, don't forget to always use risk management, we know that the price of this crypto space fluctuates quite high, but if you play long term, ignore that.
If you still collect Bitcoins at any price regularly then I am very sure that you will be able to get maximum profits one day and also we can still continue to collect Bitcoins according to our abilities and never force ourselves to invest so that we cannot persist with the investment we make because we don't have other funds when we really need it and have to sell some of the assets we have, yes because the price of Bitcoin fluctuates it will be very profitable if we are able to hold it for a long period of time and we don't never affected by current market prices, but when we feel we have achieved sufficient profits we can take these profits for what we need. 
If you can hodl it a little bit longer OP I think you will get more than what you have in your profit right now. Though we are not that sure if this is just a made up story or not but if it's true then congratulations! I don't call it lucky but you got a good timing for taking the risk to invest earlier. If Bitcoin price goes $100k at the end of 2025 then that means a lot of money. Smart newbie investor.
My joy of buying bitcoin at the right time when bought my first Bitcoin has been excessive in this period that Bitcoin price have risen continuously.
My story
As a newbie and first-time investor and holder of Bitcoin, I made a decision that has led me to a stage of financial satisfaction within a short time, just by risking the right amount and at the right time.
I bought Bitcoin when the price was low at about $22,000 price and i went all in with the whole capital at my disposal, as a newbie i was sceptical, but also i was ready to take that risk.
Luckily for me, Bitcoin is now at 52 thousand dollars, and i feel so excited to see the number of profits that i have accumulated within the shortest time which no other investment can give such profits in such a time frame, so I am glad.
My story
As a newbie and first-time investor and holder of Bitcoin, I made a decision that has led me to a stage of financial satisfaction within a short time, just by risking the right amount and at the right time.
I bought Bitcoin when the price was low at about $22,000 price and i went all in with the whole capital at my disposal, as a newbie i was sceptical, but also i was ready to take that risk.
Luckily for me, Bitcoin is now at 52 thousand dollars, and i feel so excited to see the number of profits that i have accumulated within the shortest time which no other investment can give such profits in such a time frame, so I am glad.
All I can say is congratulations and you are lucky because the price of bitcoin has increased so much today, It's also good that you took the risk of investing in it and at least you have some money to invest in, just don't really pour all your money in investing in bitcoin and learn to diversify your holdings. Knowing that you're a newbie, I can say that you're a good timing of entering money here because we all know that the price of bitcoin has gone up, and the money you invested will be earned right away.
In my honest opinion, your buying is very great as you aforementioned your buying point was $22k which was a good buying point i mean I have seen people waiting for this point of Bitcoin to occur again which now I think is very difficult like Bitcoin will come here at this point. I am saying this because Bitcoin has already gained value alot as it is standing at $52K and in the case of having Bitcoin may go down near the price of 35k-40k for halving correction.
Well On the other hand buying range of $25k-$27k was also a good buying point those who missed these buying points while thinking that prices may go more down miss the golden opportunity of buying. OP I would suggest you that get ready for the coming correction of the market to buy back again with some new funds for another entry in the market. As bull run on the way which means no opportunity should be neglected. Buy only if you have sufficient funds and can make one more entry for the coming correction. Besides all that I would highly suggest you to Do Your Own research as well before taking any action (highly recommended). Many Thanks
My story
I assume you are one of the many people who are currently happy with the profits you have made with Bitcoin because the price of Bitcoin is increasing.You are also one of the lucky people with Bitcoin because you bought it at a price far from the current price. Luck exists but not everything and forever depends on luck.
I think your story is true. I am also happy with the luck and profits you get.
True or not, Bitcoin is so promising, we can see it all around us, and those who want to get the best through it must be ready to take the risk. But it's not about just taking the risk but taking the risk at the right time. Like the OP, he took the risk at the right time, and you can imagine what he would gain if Bitcoin eventually hit $100,000 or more in the next 1.5 years. How many banks and investment packages can achieve that (almost x5) within that short time?
I have so much trust in Bitcoin (decentralization) and the investment involved in it, even the payment gateway involved eases a lot of pain for people like me. This can't just be overappreciated. I knew what I went through when I was sending money abroad initially, so it is all benefits regarding Bitcoin if we look beyond the money we could make through it. Well, for others as well, it is never too late, anyone can still make money in Bitcoin because the way I see it now shows that it might even surpass the $100,000 market that people often call. It has almost reached $60,000 before the post-halving season, I wonder where it will be when the time is eventually reached.
My story
As a newbie and first-time investor and holder of Bitcoin, I made a decision that has led me to a stage of financial satisfaction within a short time, just by risking the right amount and at the right time.
I bought Bitcoin when the price was low at about $22,000 price and i went all in with the whole capital at my disposal, as a newbie i was sceptical, but also i was ready to take that risk.
Luckily for me, Bitcoin is now at 52 thousand dollars, and i feel so excited to see the number of profits that i have accumulated within the shortest time which no other investment can give such profits in such a time frame, so I am glad.
Since you didn't invest in DCA method you may be financially broke if unfortunately the investment loses. So if you want you can sell some of your investment and recover the capital. You will hold the rest for a long time and hopefully get a lot of profit. However, congratulations on seeing a return on your investment.
It is surely a good thing that you buy at that market price, I also buy some when the price is around 20k$ but I more like Dollar Cost averaging so I still continue to accumulate Bitcoin, but I know that the market price is high at that time so I mostly increase my buying power at that market price, and so far the return is great, profit is kicking at 50k$ I was still hoping that the market price could drop which I think still going to happen so I decrease my buying power right now since the market price continue to increase its market price, Its not really a good time to buy if the market price continues to skyrocket, because for sure this could easily be a huge bubble, still doesnt want to continue to stop buying because its DCA, but at the same time doesnt want to buy high volume because of I dont really want to be FOMO.
Timing is really a thing here in Bitcoin if you know when to buy it is surely going to be a huge profit other than just investing out of FOMO right now since we are seeing the market skyrocket for sure a lot of beginners wanted to invest and take a profit which is really risk, when you bought at the bottom you could easily hold for a long time.
Timing is really a thing here in Bitcoin if you know when to buy it is surely going to be a huge profit other than just investing out of FOMO right now since we are seeing the market skyrocket for sure a lot of beginners wanted to invest and take a profit which is really risk, when you bought at the bottom you could easily hold for a long time.
wow great, congratulations to you, I'm happy for you too. I hope you get maximum profit from crypto. I'm also accumulating my bitcoins, but I'm a little sad now because every payday I usually get how many bitcoins, now because the price of bitcoin has gone up, I get less bitcoins than usual. but that's okay. By the way, don't forget to always use risk management, we know that the price of this crypto space fluctuates quite high, but if you play long term, ignore that.
@OP this is just the beginning of the Bitcoin surge, if you keep on holding for another year, you might not only get 100% profit. Many analysts think that the incoming Bitcoin rally will be more rewarding. Bitcoin might probably reach more than $100k in its new ATH so hold your horses and don't sell your Bitcoin yet, you might get more profit if you wait for another year.
But you should always be vigilant and updated on the market price since the Bitcoin market is still considered unpredictable, the unknown might happen. Set your target sell and sell when the market hits it. Remember you cannot say it is a profit until you cash out.
But you should always be vigilant and updated on the market price since the Bitcoin market is still considered unpredictable, the unknown might happen. Set your target sell and sell when the market hits it. Remember you cannot say it is a profit until you cash out.
Yup, agreed on your thoughts as Bitcoin will surely reach new heights as we have already seen how it has crossed all the hurdles and we have seen Bitcoin only progressing further but yeah as you mention there would always be uncertainty because that's how crypto will ever be but it won't be as crazy as Altcoin fluctuations, still it would be better for us to stay upto date with all the news related to Bitcoin.
I think we may see some more fluctuations and even a possible short term correction like we saw when Bitcoin touched $48K and then dropped below $40k only to pump back and cross $52k.
Jump to: