Topic: Little Bitcoin investment becoming something else - page 3. (Read 856 times)
The sum isn't very big, at least in my understanding. So, in such a case, I would treat it more as an experiment or a starting point (to invest more in the future), and thus wouldn't bother selling right now. But that's not financial advice, as the op should do their own research, think about the context and priorities. If you're ready to wait for years, perhaps it's better to wait. If you might need the money in summer or autumn, there's of course a risk that Bitcoin will fall once again. Another approach could be to sell occasionally small bits of profit that's being made, but if the total is a bit over $50, I don't think selling the bits will be an easy or reasonable task.
Any suggestions given here will be quickly implemented because I know we have more bitcoin lords here.
I just want to say that if you're going to make money from bitcoin, you need to hold it longer, with what you share, you have only invested in bitcoin for less than 3 months, so it is very difficult to expect a profit. But if you need money for emergency work, then selling bitcoin is also a good thing to do and not regret it because you can reinvest it later when you have the money.
it's better to buy at the bigger dips and hold, wait until it pumps up again this might work if you're thinking for long term investments but if you're after in short or you buy at the high price then it dumps and try to sell then because you're afraid that it's a loss then probably it's a dumbass idea. if you're planning investing in short term then you should be prepared about the outcomes since it's risky and you should invest what you can afford to lose.
Yesterday there was a drop as you said. So it is a good time to buy bitcoins. I suggest not waiting for the price to pump up because the profit isn't big yet and you should keep holding the bitcoins until they touch the last ATH price. That would give him a huge advantage. 
~snip~
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.
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 what you're timeframe is. If you're simply planning to sell because it's going down, probably a dumb idea. I'd suggest you to replan your investment ideas and set up a specific time frame instead, or maybe a specific profit at specific time frames, multiple ones so that if it doesn't go according to it you can go to the next one.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.
Now If you're selling because you're gonna buy and sell in the short term, I reckon anytime you profit is a good time to sell, you can simply buy at bigger dips when they come.
Advising you on how to utilize your coins is a horrible idea since I believe you have a plan for these coins since the day you bought them, and it is up to you to decide whether to spend the coins or remain hoarding them. But, if you recognize that you need money to meet your needs, as you stated, why should you bother getting advice from others? You are the one who suggests that you either postpone your maintenance or continue hodling. Or you can use your coin to address a necessary necessity, I believe.
If you already have those bitcoins, I suggest you buy them again while the price is still low and keep them for a while. Don't sell it when the price is low because your profit is not big.
You have to be patient for a while especially since the current market situation is still in a state of correction so we all have to keep holding bitcoins. But that's just a suggestion because if you want to sell the bitcoins now, that's up to you.
And as long as you don't have an urgent need that must be met immediately because you don't have much money, you can just sell the bitcoins to meet that need. Each person has their reasons for holding their bitcoins and you are free to want to keep holding or selling them and take the profits.
You have to be patient for a while especially since the current market situation is still in a state of correction so we all have to keep holding bitcoins. But that's just a suggestion because if you want to sell the bitcoins now, that's up to you.
And as long as you don't have an urgent need that must be met immediately because you don't have much money, you can just sell the bitcoins to meet that need. Each person has their reasons for holding their bitcoins and you are free to want to keep holding or selling them and take the profits.
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.
Your decision is undoubtedly a very good one. It is always best to try something on your own. One should never be dependent on others. You can sell your investment if you think I will buy bitcoins as a short-term investment and sell at a profit. Also if you are investing for long term then you keep your investment no need to take any decision here. But from my point of view it is best for you to invest in short term. A few days ago when the market was at 31 thousand dollars, you had a fairly good profit, if you had sold it, now you could have bought it again and made the same profit again. That's why I suggest you to invest short term rather than your long term investment as you can earn more. 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.
If taking advantage is the issue, then it is definitely relative, in my opinion. Because while each bitcoin investor has a different goal in mind when making their investment, at their core, all investors want to earn. However, in my view, there are two methods to benefit from bitcoin investments. The first method entails making a brief investment in bitcoin. When using this strategy, most bitcoin investors usually sell their holdings when there is a profit, even if the profit is modest. The second option is to make long-term investments in bitcoin. Those who use this approach to invest in bitcoin often sell their holdings every four years, when the price of one bitcoin is halved. Because a halving typically results in a significant price increase. There have undoubtedly been cycles in bitcoin's price history where there have been significant price gains. especially though there is a modest profit, I personally don't like selling bitcoins, especially if there isn't much immediate demand. In essence, I am investing in bitcoin for the long run and eagerly anticipating the impending price halving.
Well, if you don’t wanna take a risk, simply play it safe and make your strategy simple, it could be by investing fractionally or in parts. In addition to that, it seems that Bitcoin’s correction is just ended, at this moment the current price is almost $30k and it is expected to see another rise in next few days. As far I am concerned it will probably hit $35k in 1-2 weeks. In fact, maybe this is a precious chance to invest a large money in Bitcoin. If you have an acceptable amount of cash or stable coin, don’t hesitate and to convert them in BTC but as I have mentioned it is preferable to be fractionally due to the market in unpredictable and volatile.
HODL.
Four letters but could really change your life if you become consistent with it. And while holding, DCA. Three letters but also one of the best strategies that can be combined with holding.
You decide.
We've decided already and we're doing it because of how we experienced it in the market. There's no regret on my part.
You would definitely regret if you do sell cheap. We are still on a bear market i should say or onto that consolidation part on which bull run is still bound to happen in next years.Four letters but could really change your life if you become consistent with it. And while holding, DCA. Three letters but also one of the best strategies that can be combined with holding.
You decide.
We've decided already and we're doing it because of how we experienced it in the market. There's no regret on my part.
Therefore it would really be just that sensible that we should really be that accumulating while its still cheap because if you do make yourself get left behind
then you might be ending up on whining just because you had missed out on buying while its still down.
Well, on this matter, to each their own. If OP or someone out there has made a profit, they can sell anytime they want especially now the price is getting higher.
But for sure that many will feel that there's more to this increase and it won't stop from there.
Firstly, I checked the date of this post to be sure, the advice is still needed. Whoever mentored you hasn't done a good job. You bought the coin not longer than 2 months and you're planning to sell it. Alright, you will be the determinant for you to sell because your definition of profit differs from mine. For me, I hold my coin not lesser than a year before selling it off and by that time I will be getting 80% profit from any coin I sell.
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.
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?
It depends on your situation whether to hold or sell it because no one has the right to it except yourself, but for bitcoin investment goals, do you plan for the long term or sell at a certain price, for example $ 30k, is the selling target?Always the best advice is to hold if you invest in bitcoin but if you sell it is your decision even if you have made a few dollars profit on the initial investment purchase.
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.
That is the market is indeed difficult to predict even if you believe the price of bitcoin can reach $ 40k but the reality is different, when the target is not achieved what is desired is common when there is fear, emotion and panic but if you need money for that need then sell your bitcoins because basic needs are far more important than stressful investing, remember I suggest you invest in cold money so that there is no pressure to mix with your needs.For example if you want to make a few dollars from bitcoin by buying low selling when the price goes up but it doesn't matter as long as you can do what is your goal to make ends meet.
Any suggestions given here will be quickly implemented because I know we have more bitcoin lords here.
It comes back to what you really want.Some heads will clearly have different thoughts, and we know that so what other people say is true may not necessarily be in accordance with our wishes, and vice versa, what we think is correct may not be quite acceptable to other people.
Make your own choice, do you still want to hold it or do you really take advantage of it and hope to go even lower and buy it again at a lower price or do you really hold it by continuing to wait for the desired target.
But when referring to my condition, for now I still continue to hold my assets and it is precisely this small correction that I always do as a reason for additions to make my portfolio fatter.
It's also not wrong to take advantage of it because indeed it is money that you have from the results of your previous detention, so the decision is clearly in your own hands.
you may want to consider setting a personal investment strategy that aligns with your goals and risk tolerance. For example, you may want to decide on a target price at which you would be comfortable selling your bitcoin and taking profit, or a stop-loss price at which you would sell to limit your losses.
Ultimately, the decision to hold or take profit is a personal one that depends on your individual circumstances and investment goals.
Ultimately, the decision to hold or take profit is a personal one that depends on your individual circumstances and investment goals.
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.
Dont be run down or getting affected with your emotion because this would be the main reason on why you would be ending up on selling on loss specially when the market is really on bearish state.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.
Its true that the price could really eventually get backed up but of course since you do make out some selling point then it would really be testing out your patience because there's no way on telling
on how the price would behave on next days or months to come. Stand still with your goal and accumulating is something that we should be having in mind.
Stick into that goal because it would really pay off later on.
HODL.
Four letters but could really change your life if you become consistent with it. And while holding, DCA. Three letters but also one of the best strategies that can be combined with holding.
You decide.
We've decided already and we're doing it because of how we experienced it in the market. There's no regret on my part.
You would definitely regret if you do sell cheap. We are still on a bear market i should say or onto that consolidation part on which bull run is still bound to happen in next years.Four letters but could really change your life if you become consistent with it. And while holding, DCA. Three letters but also one of the best strategies that can be combined with holding.
You decide.
We've decided already and we're doing it because of how we experienced it in the market. There's no regret on my part.
Therefore it would really be just that sensible that we should really be that accumulating while its still cheap because if you do make yourself get left behind
then you might be ending up on whining just because you had missed out on buying while its still down.
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.
Well my friend, the N33,000 you invested based on today's dollar/naira conversion rate should be about $44.9 and the N4000 profit you want to cash in is about $5.4, which is not really worth anything. I understand you not wanting to depend on your husband but if I were you I wouldn't allow my emotions to play on me and I would buy more and add to it and hold for the bull season, that's when you're going to make good 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.
HODL.
Four letters but could really change your life if you become consistent with it. And while holding, DCA. Three letters but also one of the best strategies that can be combined with holding.
You decide.
We've decided already and we're doing it because of how we experienced it in the market. There's no regret on my part.
Four letters but could really change your life if you become consistent with it. And while holding, DCA. Three letters but also one of the best strategies that can be combined with holding.
You decide.
We've decided already and we're doing it because of how we experienced it in the market. There's no regret on my part.
Firstly, I checked the date of this post to be sure, the advice is still needed. Whoever mentored you hasn't done a good job. You bought the coin not longer than 2 months and you're planning to sell it. Alright, you will be the determinant for you to sell because your definition of profit differs from mine. For me, I hold my coin not lesser than a year before selling it off and by that time I will be getting 80% profit from any coin I sell.
Selling bitcoin, it's your choice if you want to hold for long term, you bear the market, or involved in the risks, It is good you purchase on the bear market and anytime when price goes up to your satisfaction, and you decide to sell it, that is left for you, and if you don't want to sell it all the same. And if you are an investor who wants a good profit out of your investment, it is better to hold for long-term before selling, and With this strategy DCA. If the price is up to your satisfaction sell, but if the price is not up to satisfactions, don't sell, be patient the price will rise again for you to gain more profit.
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