If you think that this much profit is fine for you then you should sell it because when to sell or buy is your decision which should not be influenced by any other members.The prices can go down from here which might make you sell at even low and loss also but if you can hold it for next few months then you can get returns also which will be more then current one.So you have to make these moves on your own.
if I am the one I don't think that I will sell any one, if I invest neither cryptocurrency example Bitcoin and the thing result out positively I think about what I will do is to make sure that I have a target and immediately the target I have a lapses I will make a withdrawal immediately, there is something some people does not understand when you come into investment, it is obvious that investment comes with a loss and they also with gain so if you have your strategies of making a profit you will not be bothered of when the price is going to be against you and when the price is going to profit you, the time frame matters for any investment you are into, but the most important thing you should know for any investment, is that you should not be greedy in any investment you make. 
Topic: Little Bitcoin investment becoming something else (Read 833 times)
When investing in Bitcoin, you need to have confidence in it and not being scared,no matter the amount or the ups and downs in the market price ,one needs to be courageous,if not, you will quickly move out and in other for your investment to be more profitable in Bitcoin,it has to be for a long-term, that is the longer you keep holding and accumulating, for like 5 years to 10 years, the higher you go , no matter how little you start investing with.
Getting afraid on things that you want to do is normal. No people can easily shave off the risk since we know bitcoin is so unpredictable that's the reason lots of people got scared to invest on this asset because they know that market is so volatile.
But if they have good goals then learn all the process and study the market technicalities including its unpredictable nature. For sure that those new investors can figure out that bitcoin is the best asset to investment that they should grab. If they aim for long term maybe they can only get low results from this. But if they aim for long term which is really best for bitcoin then they could able to get the most desired result since for sure that from that they could potentially earn huge by waiting for bitcoin price to grow.
When investing in Bitcoin, you need to have confidence in it and not being scared,no matter the amount or the ups and downs in the market price ,one needs to be courageous,if not, you will quickly move out and in other for your investment to be more profitable in Bitcoin,it has to be for a long-term, that is the longer you keep holding and accumulating, for like 5 years to 10 years, the higher you go , no matter how little you start investing with.
That's a good goal and a reasonable suggestion if you look at the sytory 5-10 years ago on the price of bitcoin. I agree that hodl er is the winner, if you already have that perception there are some people who have not sold bitcoin until now. A diamond hand will continue to fill his bag with a few satoshis for the long term and forget about speculating every day (waiting for the exit trade to continue analysing). The fact is that I haven't been able to even though it is recommended by many people and even very good for beginners who just have bitcoin though. bitcoin is an asset that is more often pump or quite stable, sometimes if I sell too quickly I regret it but because of the need for other projects I have to take it for the continuity of my activities.
When investing in Bitcoin, you need to have confidence in it and not being scared,no matter the amount or the ups and downs in the market price ,one needs to be courageous,if not, you will quickly move out and in other for your investment to be more profitable in Bitcoin,it has to be for a long-term, that is the longer you keep holding and accumulating, for like 5 years to 10 years, the higher you go , no matter how little you start investing with.
Before going further i will appreciate if you read my previous post Stated " How I decided to buy some fractions of BTC after discussion with members". Since on February 2, 2023 I bought some fractions of bitcoin with just NGN33,000 then which was approximately 0.001848BTC in turns of NGN37,657 almost about NGN4,657 increase (profits) do you suggest I should hold or take profit?
Usually i don't know what the market may looks like in the next 1 months to come, I missed selling at $31k since I was thinking it will gets to 40k but the market keep scaring me and you know emotion is being attached to this so I have to run down here to seek the best opinion on what to do comparing my condition as young mother who needs money for my up keep, since i don't like bothering my husband for money so i believe i can make out something good from here.
Any suggestions given here will be quickly implemented because I know we have more bitcoin lords here.
The amount you are calling profit is just very little to start thinking of selling, and the time frame of your investment is very short which is that of a trader. It will do you good if you invest in bitcoin and HODl for a longer time maybe at least 4-10 and 10-30 years depending on your capacity. Looking from the time you talked about this investment, you will notice that bitcoin price was low compeard to the current price of now. According to your explanation, on February 2, 2023 you bought some fraction of bitcoin about #33k which was equivalent to 0.001848BTC which the price of btc was around $23,468.60 then, now the current price of bitcoin now is $64,110.62 meaning that your 0.001848BTC will have given you a total of $117 approximately #178k just within the intervals of 1year plus, then if you leave it up to atleast 5-10 years tell me how much you could make? Obviously you will have made yourself more profit. So bitcoin investment is good for a longer time duration intervals Usually i don't know what the market may looks like in the next 1 months to come, I missed selling at $31k since I was thinking it will gets to 40k but the market keep scaring me and you know emotion is being attached to this so I have to run down here to seek the best opinion on what to do comparing my condition as young mother who needs money for my up keep, since i don't like bothering my husband for money so i believe i can make out something good from here.
Any suggestions given here will be quickly implemented because I know we have more bitcoin lords here.
Investing in bitcoin is better with your own awareness and mature decisions because if the end result is the value of the money we get (fiat) I myself am sometimes not satisfied, even though he is a reliable influencer. You see, when the price continues to continue the pump I am addicted and when the price drops because I see fomo on social media I survive and am curious while lamenting the situation, ending up blaming other people's analyses, even though no one forces it because I hold the assets myself. Usually it's annoying when you need money but have to cutloss 
. I've been there.
Now I realise, it's better to pay in instalments with my own decisions and try to use unused money such as trading bonuses, airdrops or work bonuses. Selling when you hit the target, for example 10-25% of the entry for each coin, in my opinion, is enough, I agree that investing should be comfortable and not in a hurry to sell because of daily needs. I myself like to speculate, but it's tiring. It's better to determine the percentage. If it's too deep, it's better to just hold it for some time because so far bitcoin has never disappointed its holders for too long and hopefully.
. I've been there.Now I realise, it's better to pay in instalments with my own decisions and try to use unused money such as trading bonuses, airdrops or work bonuses. Selling when you hit the target, for example 10-25% of the entry for each coin, in my opinion, is enough, I agree that investing should be comfortable and not in a hurry to sell because of daily needs. I myself like to speculate, but it's tiring. It's better to determine the percentage. If it's too deep, it's better to just hold it for some time because so far bitcoin has never disappointed its holders for too long and hopefully.
Op in the investment nof bitcoin we don't believe in short term investment but long term investment so I will also advise you to invest in long term if only you are capable and can endure the period you will set for yourself. And probably you got that profit from the investment because the price is on the high side and if you keep it for more years to come and the price soar to $100, then that amount will also increase again and another thing your have to do is, don't stop at that amount but increase the amount, purchase more bitcoin so that the profit will increase as well.
If you want to make good profit in Bitcoin then invest big so that whenever the price rise your amount will also rise. And I will encourage you to be calm and do not be afraid because definitely as the price is coming down it will still go up again.
If you want to make good profit in Bitcoin then invest big so that whenever the price rise your amount will also rise. And I will encourage you to be calm and do not be afraid because definitely as the price is coming down it will still go up again.
of course we have to have the right planning and also have capital readiness to be able to achieve the investment target that we are carrying out, because if we are not ready in terms of capital it will certainly be difficult to achieve the target that we have invested in and it would be better We first prepare capital before deciding to enter an investment.
The first thing for a person to have before entering the market is knowledge, and the second thing is capital because you can't do anything if you don't have that. No matter how much knowledge or experience you have gained, if you don't have anything to invest, it's useless and you will need to put together a budget that you will use for your trading activities.For those who have their capital ready, knowledge is what they need. We often see people getting too excited about it and start investing in cryptocurrencies without ample knowledge and end up losing money, it's because they hear positive things about them but they don't realize that anything in the world has two sides.
So it's essential for anyone getting into the market to have these two things because you can't begin without any of the two.
When trying to make an investment, of course we have to have the right planning and also have capital readiness to be able to achieve the investment target that we are carrying out, because if we are not ready in terms of capital it will certainly be difficult to achieve the target that we have invested in and it would be better We first prepare capital before deciding to enter an investment.
people can invest no matter how huge they want of an amount but to be honest we should still take into consideration how much profit we really want to achieve because the more capital we have the higher profit we can gain so it is still better to save some more before we start investing so we could maximize our profit
Yes, worrying will cause you to suffer losses. When investing, it is best to use money that is not actually used for daily needs. If you use it, it will certainly be a hassle for you because prices on the market fluctuate. Yes, this is the mistake of a young mother who needs money for her living. If I look at op's profile, with a fairly high rank, in my personal opinion op seems to be quite experienced in this matter, it's best not to ask again, this thread was created more than a year ago, it's different if a beginner asks, maybe he needs guidance from members others for their knowledge in investing.
Concerns are very often experienced by those who do not yet understand the investment they are carrying out well, but if they understand it well, they will certainly be able to calm down about the various conditions they are experiencing because they can have a solution to each condition they experience.When trying to make an investment, of course we have to have the right planning and also have capital readiness to be able to achieve the investment target that we are carrying out, because if we are not ready in terms of capital it will certainly be difficult to achieve the target that we have invested in and it would be better We first prepare capital before deciding to enter an investment.
That's the power of hodling bitcoin for long. Like buying it in the bearish market, anticipate seeing many profits during the bull run.
The power of holding will earn much profitable in the future, I remember well what said by CZ ''"If you can't hold, you won't be rich" and its true for bitcoin holder. Considering OP decision for holding bitcoin one year ago he got much profitable because bitcoin success reach new ATH price and right now earn much profitable depend how long keep hold it or OP sold out his bitcoin assets.
Its the power of holding just taking one year only bitcoin increasing more than 100% above depend with your mentality strong or not for holding or become bitcoin investor. Actually for bitcoin holding its not take scare with potential recovery faster and raise more higher price easily than keeping altcoin for long term investment.
If you don't sell at $31,000, it doesn't necessarily follow that bitcoin won't ever reach that level or higher. With a little patience, you can watch the price of bitcoin rise once more. At this time, the price of one bitcoin is $29k.
You made a small profit after investing the smallest amount you could afford to lose. Imagine the additional gains you would have received if you had invested more money and steadily accumulated bitcoin fractions as their price fell.
Having said that, do your best to focus on the upcoming bull run rather than the future bitcoin price, which worries you.
Yes, worrying will cause you to suffer losses. When investing, it is best to use money that is not actually used for daily needs. If you use it, it will certainly be a hassle for you because prices on the market fluctuate. Yes, this is the mistake of a young mother who needs money for her living. If I look at op's profile, with a fairly high rank, in my personal opinion op seems to be quite experienced in this matter, it's best not to ask again, this thread was created more than a year ago, it's different if a beginner asks, maybe he needs guidance from members others for their knowledge in investing.You made a small profit after investing the smallest amount you could afford to lose. Imagine the additional gains you would have received if you had invested more money and steadily accumulated bitcoin fractions as their price fell.
Having said that, do your best to focus on the upcoming bull run rather than the future bitcoin price, which worries you.
In February last year, OP, have some fractions of bitcoin, which was 0.001848. times the fractions of bitcoin with $64k, it will amount to $118(The OP, didn't buy bitcoin of such amount last year).
That's the power of hodling bitcoin for long. Like buying it in the bearish market, anticipate seeing many profits during the bull run.
If you don't sell at $31,000, it doesn't necessarily follow that bitcoin won't ever reach that level or higher. With a little patience, you can watch the price of bitcoin rise once more. At this time, the price of one bitcoin is $29k.
You made a small profit after investing the smallest amount you could afford to lose. Imagine the additional gains you would have received if you had invested more money and steadily accumulated bitcoin fractions as their price fell.
Having said that, do your best to focus on the upcoming bull run rather than the future bitcoin price, which worries you.
Yes, worrying will cause you to suffer losses. When investing, it is best to use money that is not actually used for daily needs. If you use it, it will certainly be a hassle for you because prices on the market fluctuate. Yes, this is the mistake of a young mother who needs money for her living. If I look at op's profile, with a fairly high rank, in my personal opinion op seems to be quite experienced in this matter, it's best not to ask again, this thread was created more than a year ago, it's different if a beginner asks, maybe he needs guidance from members others for their knowledge in investing. You made a small profit after investing the smallest amount you could afford to lose. Imagine the additional gains you would have received if you had invested more money and steadily accumulated bitcoin fractions as their price fell.
Having said that, do your best to focus on the upcoming bull run rather than the future bitcoin price, which worries you.
First of all I will tell you that you should not minimize any amount of investment because you have invested with maximum from your place. You have invested and want to know how long you will hold that investment. Basically investment should always be done in long term plan as investing in short term plan will not show much profit or loss here.
The market value of a bitcoin is very high so when we buy bitcoins with relatively small amount of money and the market changes a little, the profit or loss of that change is not understood in a short period of time. You can gradually maintain the consistency of your investment as well as you can hold this investment for a long time. If you are successful in holding the investment for a long period of time then I will tell you that you will have a good chance of making a profit there.
The market value of a bitcoin is very high so when we buy bitcoins with relatively small amount of money and the market changes a little, the profit or loss of that change is not understood in a short period of time. You can gradually maintain the consistency of your investment as well as you can hold this investment for a long time. If you are successful in holding the investment for a long period of time then I will tell you that you will have a good chance of making a profit there.
Best advice to you: make your own decision. The amount that you invested is not so big, I think that it makes sense to continue to increase it, and when you realize that you have received the profit you wanted, in this case, you can withdraw funds. For now, it's more like a lottery for you than an investment.
On what basis do you say that he only plays the lottery when investing in bitcoin? Just because someone invests an insignificant amount of money doesn't mean they're playing the lottery or gambling and aren't serious about their investment. Each person has a different economic situation and they are investing with what they have. It may be an insignificant amount of money to you but it could be a large amount of money to them, you should not underestimate others just because they don't have as much money as you.
More than a year has passed since this topic, I think the OP is mature enough and experienced enough to make his own decisions instead of needing more of our advice with his investments.
Any suggestions given here will be quickly implemented because I know we have more bitcoin lords here.
You can listen to opinions from people or suggestions but only the conviction you have in mind that is what you will execute. The decisions we make in out investment is what will yield fruit if it did not go out properly then we are likely to take responsibility of the choice we have made. In times like this when you have doubt, listen to your inners self. There will be a conclusion within you and you will take the right action that you feel is the right thing to do. Dont draw conclusion from other persons advice or opinions its only but a guide or make you se things at a wider view. The truth is always be clear and have a thoughtful process before implementing.
Any suggestions given here will be quickly implemented because I know we have more bitcoin lords here.
You can listen to opinions from people or suggestions but only the conviction you have in mind that is what you will execute. The decisions we make in out investment is what will yield fruit if it did not go out properly then we are likely to take responsibility of the choice we have made. In times like this when you have doubt, listen to your inners self. There will be a conclusion within you and you will take the right action that you feel is the right thing to do. Dont draw conclusion from other persons advice or opinions its only but a guide or make you se things at a wider view. The truth is always be clear and have a thoughtful process before implementing. 
Best advice to you: make your own decision. The amount that you invested is not so big, I think that it makes sense to continue to increase it, and when you realize that you have received the profit you wanted, in this case, you can withdraw funds. For now, it's more like a lottery for you than an investment.
From your explanation on the bitcoins you bought and the profit it has gained, I can see that you invested the money you can not afford to loose though the market is currently in your favour. Since the market is unpredictable, let me give likely occurrence in respect to what you should expect base on whatever desicion you take.
Your emotions is still very much in place as touching this matter, so listen to what could happen and what your emotion could also lead to.
If you sell now , it a good idea since you have somethings to care for however, you may regret it if there is a bull run thereafter
If you hold for sometimes, it's also good decision , however there maybe a bear market, which may lead to another regret of holding , you will have a regret of loosing profit and amount invested and that of not taking care of your needs.
Base on this analysis here, think about your next line of action considering what is most important to you and the risk you can bear.
After your desicion on this investment, I will advice you to invest with money that is not your last resort and the one you can afford to loose then set your targets.
Your emotions is still very much in place as touching this matter, so listen to what could happen and what your emotion could also lead to.
If you sell now , it a good idea since you have somethings to care for however, you may regret it if there is a bull run thereafter
If you hold for sometimes, it's also good decision , however there maybe a bear market, which may lead to another regret of holding , you will have a regret of loosing profit and amount invested and that of not taking care of your needs.
Base on this analysis here, think about your next line of action considering what is most important to you and the risk you can bear.
After your desicion on this investment, I will advice you to invest with money that is not your last resort and the one you can afford to loose then set your targets.
You are right, I think it is impossible to make profits as it is extremely difficult to know how much or what will you earn, to think this is an opportunity to increase your chances at making a profit and gain profits, while at the same time you are asking the question whether you should hold or take money, the answer would be, it's possible you can win when you have bought, but you aren't sure at all how much your chances will be in the next month or two, if this happens it is impossible.
You need to have a lot of knowledge in the first place to start making decisions that can help you, because the more you learn, the more you need for the market.
You need to have a lot of knowledge in the first place to start making decisions that can help you, because the more you learn, the more you need for the market.
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