Topic: Little Bitcoin investment becoming something else (Read 477 times)
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.
Maybe you have skipped some of the comments where members suggest OP to hold his coins and invest for long time. You don't need to accuse anyone here, you can always give your suggestions no matter OP got his answer or not.
Always invest for a long time, that is the only suggestion from me. If you can hold your coins for a long time you can make profit.
But if you read carefully what the OP said, she needs money to raise her children, and it is an urgent need, so it is up to her to hold or sell. I still prioritize parenting, and if she doesn't have a solution to that problem selling bitcoin is the right thing to do. I know she is very strong because she does not want to depend on her husband. But do not invest with money to raise children because bitcoin is not an easy and quick place to make money.Always invest for a long time, that is the only suggestion from me. If you can hold your coins for a long time you can make profit.
I hope that it gets to a point where it will be much better for all of us and we won't need to cash it out. But, if we ever need to cash it out for our family then there is no discussion for me, I will just sell all of it. There are priorities in life and family is much more important than getting rich, sure they would benefit if you get rich, but no reason to put them in poverty until you do.
Another thing is the opportunity to invest in bitcoin is always there, if you can't invest now, when you have money you can invest later, it's never too late to invest. Getting rich is a long road, it's a process, and we can't build it in a few days, so we have plenty of opportunities to do it. I also think like you, children and family should always come first, children should not go hungry just because we are saving trying to build a portfolio.
People who says that it is already too late to make an investment, is the people who do not know how to see opportunities. They didn't train their mind to see those perfect time to purchase bitcoin and other asset. In order to train our mind, you should take note that it requires hard work and consistency. You cannot become great investor if you just study 1-3 days, you need a lot of time and for me it requires months of even years just to have the knowledge you must have in order to make gains consistently.
We also have to admit that the earlier an investment is made, the higher the chance of a return, but that does not mean that the later investment will not receive a good return. There were many people who entered the market much earlier than us, but they left the market when the bear season arrived. But if we entered after them and have confidence in the market, we keep holding despite the market crash, then I believe our profits are second to none.
My investment motto is: It doesn't matter whether you enter the market sooner or later, what matters is how long you will stick with it.
Maybe you have skipped some of the comments where members suggest OP to hold his coins and invest for long time. You don't need to accuse anyone here, you can always give your suggestions no matter OP got his answer or not.
Always invest for a long time, that is the only suggestion from me. If you can hold your coins for a long time you can make profit.
But if you read carefully what the OP said, she needs money to raise her children, and it is an urgent need, so it is up to her to hold or sell. I still prioritize parenting, and if she doesn't have a solution to that problem selling bitcoin is the right thing to do. I know she is very strong because she does not want to depend on her husband. But do not invest with money to raise children because bitcoin is not an easy and quick place to make money.Always invest for a long time, that is the only suggestion from me. If you can hold your coins for a long time you can make profit.
I hope that it gets to a point where it will be much better for all of us and we won't need to cash it out. But, if we ever need to cash it out for our family then there is no discussion for me, I will just sell all of it. There are priorities in life and family is much more important than getting rich, sure they would benefit if you get rich, but no reason to put them in poverty until you do.
Another thing is the opportunity to invest in bitcoin is always there, if you can't invest now, when you have money you can invest later, it's never too late to invest. Getting rich is a long road, it's a process, and we can't build it in a few days, so we have plenty of opportunities to do it. I also think like you, children and family should always come first, children should not go hungry just because we are saving trying to build a portfolio.
People who says that it is already too late to make an investment, is the people who do not know how to see opportunities. They didn't train their mind to see those perfect time to purchase bitcoin and other asset. In order to train our mind, you should take note that it requires hard work and consistency. You cannot become great investor if you just study 1-3 days, you need a lot of time and for me it requires months of even years just to have the knowledge you must have in order to make gains consistently.
Maybe you have skipped some of the comments where members suggest OP to hold his coins and invest for long time. You don't need to accuse anyone here, you can always give your suggestions no matter OP got his answer or not.
Always invest for a long time, that is the only suggestion from me. If you can hold your coins for a long time you can make profit.
But if you read carefully what the OP said, she needs money to raise her children, and it is an urgent need, so it is up to her to hold or sell. I still prioritize parenting, and if she doesn't have a solution to that problem selling bitcoin is the right thing to do. I know she is very strong because she does not want to depend on her husband. But do not invest with money to raise children because bitcoin is not an easy and quick place to make money.Always invest for a long time, that is the only suggestion from me. If you can hold your coins for a long time you can make profit.
I hope that it gets to a point where it will be much better for all of us and we won't need to cash it out. But, if we ever need to cash it out for our family then there is no discussion for me, I will just sell all of it. There are priorities in life and family is much more important than getting rich, sure they would benefit if you get rich, but no reason to put them in poverty until you do.
Another thing is the opportunity to invest in bitcoin is always there, if you can't invest now, when you have money you can invest later, it's never too late to invest. Getting rich is a long road, it's a process, and we can't build it in a few days, so we have plenty of opportunities to do it. I also think like you, children and family should always come first, children should not go hungry just because we are saving trying to build a portfolio.
snip
I can see you bought Bitcoin through Binance P2P trading. My advice isDon't sell not because of the coming rally market another piece of advice is that could find an alternative to buy BTC rather than using your local currency whose black market price is always higher and won't provide you the best profit chance.
Meanwhile, never forget that it's not advisable to keep your crypto on an exchange for the long term.
Maybe you have skipped some of the comments where members suggest OP to hold his coins and invest for long time. You don't need to accuse anyone here, you can always give your suggestions no matter OP got his answer or not.
Always invest for a long time, that is the only suggestion from me. If you can hold your coins for a long time you can make profit.
But if you read carefully what the OP said, she needs money to raise her children, and it is an urgent need, so it is up to her to hold or sell. I still prioritize parenting, and if she doesn't have a solution to that problem selling bitcoin is the right thing to do. I know she is very strong because she does not want to depend on her husband. But do not invest with money to raise children because bitcoin is not an easy and quick place to make money.Always invest for a long time, that is the only suggestion from me. If you can hold your coins for a long time you can make profit.
I hope that it gets to a point where it will be much better for all of us and we won't need to cash it out. But, if we ever need to cash it out for our family then there is no discussion for me, I will just sell all of it. There are priorities in life and family is much more important than getting rich, sure they would benefit if you get rich, but no reason to put them in poverty until you do.
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The bitcoin market is unpredictable and is volatile, we can speculate the price we expect bitcoin to reach but we can’t know for sure when that’s going to happen, you will have to hodl for at least six months to a year to see green results.
Thank you
I understand how its, that was why I just decided to readjust my mindset toward this little fraction of bitcoin I hold. Meaning I am willing to wait till next year to also witness the halving I have been hearing all this while
.It's good to see you've made a final decision on your investment. I hope you hold on to it until the halving happens, or maybe more for more better returns. Since bitcoin won't hit a new ATH immediately after the halving, the bulls will only come in 1 year, which means you'll have to wait longer than a year if you want to sell bitcoin at the new ATH.
Another thing about raising children is the responsibility and obligation of both. I think you should talk to your husband about child support, it's the responsibility of both of you, not just you.
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.
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.
I think you should not withdraw your profits from Bitcoin right now.And you should wait a bit to go between $35k and $40k .Because it is more likely that Bitcoin can touch the figure of $40k soon.And maybe from there Bitcoin will come back below $30k.And the more likely experts are estimating it could be between $20k and $25k again.Selling bitcoins at this point may deprive you of further profits.Because Bitcoin is such a cryptocurrency that you shouldn't have any problems if you hold it with you.Bitcoin is the only cryptocurrency with the lowest risk of capital loss.In the rest of the crypto currency market if you get profit you should exit the market immediately.Because other cryptocurrencies are not sure what will happen to them tomorrow.But Bitcoin should never be sold at a small profit because it is a cryptocurrency that can be fully trusted to give you a good profit in the future.In the past, those who held Bitcoin enjoyed a handsome return.I am currently in profit in Bitcoin myself but will take profit when Bitcoin crosses $35k.Because I'm thinking, if I sell bitcoin now and it goes up, I'm going to lose a nice profit, but if it goes down from here,So I'll put it on hold and it'll come back up soon.
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.
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.
I Have Seen My Friends Who Involved With Crypto Currency Bitcoin Before Me And I Have Seen He Many Times Little Loss And He Have Enough Patience Because He Know As Well Bitcoin Can Change My Life And Tightly Holding My Friends All Crypto Finds And Finally 2021 My FRIENDS Achieved Her Dreams From Little Investment Bitcoin Becoming Something Big.
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.
Depends on your satisfactory. If you are already okay with your profit then it would be fine selling at this point but if you want more, then learn how to endure market price downfalls. There are even speculations that the market price would fall down til $24k and even $12k. Although those are just assumptions but just what if the market price actually fall that low? Would you be able to endure and be positive about it? 'coz if not that's the answer already. On the other hand, you may take profit for now and wait for a lower market price to enter again but eitherway would require patience as an investor. At the end of the day, our decisions with our investments are in our hands; we have full control of it. 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.
Currently I have changed my narratives of selling out my little bitcoin I hold, I think will have to manage the situation at hand lemme see the end of the investment.
....
Thank you
I understand how its, that was why I just decided to readjust my mindset toward this little fraction of bitcoin I hold. Meaning I am willing to wait till next year to also witness the halving I have been hearing all this while.
Good decision.....
Thank you
I understand how its, that was why I just decided to readjust my mindset toward this little fraction of bitcoin I hold. Meaning I am willing to wait till next year to also witness the halving I have been hearing all this while
.But then soon, you don't have to be influenced by anyone on what you should do with your investments like your bitcoin holdings. It's best for you to decide for yourself and have it not relied on other people because they think that they know better than you.
Still, that's a good thinking that you'll hold what you currently have. As much as I want to follow what I'm saying, since we're already here, if you happen to have some spare money do not forget to DCA.
snip
I can see you bought Bitcoin through Binance P2P trading. My advice isDon't sell not because of the coming rally market another piece of advice is that could find an alternative to buy BTC rather than using your local currency whose black market price is always higher and won't provide you the best profit chance.
Currently I have changed my narratives of selling out my little bitcoin I hold, I think will have to manage the situation at hand lemme see the end of the investment.
The bitcoin market is unpredictable and is volatile, we can speculate the price we expect bitcoin to reach but we can’t know for sure when that’s going to happen, you will have to hodl for at least six months to a year to see green results.
Thank you
I understand how its, that was why I just decided to readjust my mindset toward this little fraction of bitcoin I hold. Meaning I am willing to wait till next year to also witness the halving I have been hearing all this while
. 
It’s not easy to raise a family in a third world country where the minimum wage cannot afford you the basic things you need to survive. I understand your predicament, it’s commendable that you have been to accumulate some bitcoins to your portfolio but do not expect huge profits in such a short time. The bitcoin market is unpredictable and is volatile, we can speculate the price we expect bitcoin to reach but we can’t know for sure when that’s going to happen, you will have to hodl for at least six months to a year to see green results.
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?
I can see you bought Bitcoin through Binance P2P trading. My advice isDon't sell not because of the coming rally market another piece of advice is that could find an alternative to buy BTC rather than using your local currency whose black market price is always higher and won't provide you the best profit chance.
First, it is the responsibility of your husband to give you money for the family budget. But if you don't want to bother your husband then it is reasonable to sell your BTC if you need more fund. Or you can look for a side job that can be an alternative additional source of fund to keep you from selling your BTC.
Okay, I understand sir but I don't really say he doesn't give me(us) money. We do have our monthly allocation for food and expenses as you must know there are lots of loads and lots of things man being the father of the house do think and whenever you tried calling back on them after the monthly allocation is like extra billing to them and i don't want to be dependent rather an independent wife putting my little money over here (bitcoin) to see what i could be able to generates from bitcoin. I know how I felt for him couple with the kind of country we are from it's very hard to cope, if you are married and have kids you should have understand what I meant by that mate!
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?
If you plan to get more profit out of your investment then all I can say is hodl. Bitcoin will possibly surge higher after the Bitcoin halving event, the price history of Bitcoin can attest to that.
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.
Any suggestions given here will be quickly implemented because I know we have more bitcoin lords here.
First, it is the responsibility of your husband to give you money for the family budget. But if you don't want to bother your husband then it is reasonable to sell your BTC if you need more fund. Or you can look for a side job that can be an alternative additional source of fund to keep you from selling your BTC.
Madam, 33k NGN is approximately $70-$75, correct? Your decision to invest it in Bitcoin is deserving of appreciation. However, if your goal is to use Bitcoin as a daily source of income to meet your needs, it's challenging but achievable by becoming a daily trader. You must study market trends and possess strong analysis skills to determine the appropriate timing for entering the market each day. Set your daily targets without being influenced by greed, to maintain discipline while trading.
If you decide to become a daily trader, you can use the profits you have just earned to purchase food. But if you want to enjoy life as a long-term investor, then hold onto your investment and withdraw the money only in times of emergency.
Hopefully, your husband will soon find a good job that can provide more financial support for your family.
If you decide to become a daily trader, you can use the profits you have just earned to purchase food. But if you want to enjoy life as a long-term investor, then hold onto your investment and withdraw the money only in times of emergency.
Hopefully, your husband will soon find a good job that can provide more financial support for your family.
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