My Journey : Doubling my BTC investment

blue Snow

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Quote from: philanthropist67 on February 09, 2021, 03:01:59 PM

I sold my holdings at 30K and I am happy that I am able to get good return. No investment can give such return as BTC is giving to its HODLERS.

good to see you happy tripled your investment. but you made a mistake if sold out those all. no man, it's not like that, you should keep it half, I hope you don't regret it and going back to buy on top price.

Quote from: mariayaz on February 13, 2021, 01:30:19 AM

Its all about patience, many investors invest in pump and dump coins. Bitcoin is not for quick money. Invest in crypto and hold for some good time to get revenue.

the reality is not easy as your expectation.

Poker Player

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This post comes in handy, because lately I've been thinking about accumulating more and not selling. My plan was to partially sell when the price went up, and that's what I have done. I sold a little when it went over $20k, another little when it went over $30k and another little recently over $40k. My idea was to keep selling but always keep some of it. Lately I've been thinking of this as a 4 year plan: accumulate as much as possible for the next cycle after the next halving.

maydna

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Quote from: philanthropist67 on February 09, 2021, 03:01:59 PM

My this post is linked with my previous post. https://bitcointalksearch.org/topic/my-01-btc-journey-5251838

Before current bull run I have 0.1 BTC in my wallet when BTC was trading across 10k. I thought I bought BTC at much high price and it wont go up from here on wards. But things charged.
I am lucky enough to double enough my investment in BTC, thanks to current bull run. I sold my holdings at 30K and I am happy that I am able to get good return. No investment can give such return as BTC is giving to its HODLERS.

If a novice person like me can invest successfully in BTC then anyone with little knowledge can do the same.

Congratulations on your profit. I hope you can make more profit later and the profit will be bigger than before. You are one of many successful people who invest in bitcoin and, finally, make a profit. Yes, anyone with little knowledge can also make a profit like you, but they need to manage their emotion because the bitcoin price will always change, making them panic. As long as they can buy bitcoin at a low price, they will profit like you, and their profit can be bigger if they do not sell in panic. They should have the patience to wait for the highest price, so they can have a chance to sell bitcoin and take profit.

mariayaz

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Its all about patience, many investors invest in pump and dump coins. Bitcoin is not for quick money. Invest in crypto and hold for some good time to get revenue.

LogitechMouse

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Quote from: philanthropist67 on February 09, 2021, 03:01:59 PM

If a novice person like me can invest successfully in BTC then anyone with little knowledge can do the same.

When a bull run is on-going, even the most ignorant newbie investor can make profit with Bitcoin as long as he invested into it. That is how bull run works.

Congrats to you still since you made your money tripled or possible 4x if you held your Bitcoins till the $40,000 price. I'd like to oppose a bit on what you said. A person with little knowledge can still earn on a bull run since all of the coins are going upwards and as long as you entered at a not that perfect time, you can get profit on it. Now can a person with a little knowledge get profit in a bear market? What I'm trying to say is that a novice can still earn in a bull market but possible not in a bear market so don't stay at being a novice person and learn also to get profit even we are in a bear market

.

rollingdice

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Congratulations! Only passionate Bitcoin believers knew that Bitcoin at $10K was undervalued.

Lorence.xD

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Quote from: verita1 on February 12, 2021, 06:35:00 PM

This thread is good for telling anyone that it is never too late to invest in bitcoin. As it also does not matter how much you invest, the important thing is that you do not stay out because the time has come for bitcoin.

Some hope to earn their profit and sell it. I would recommend that only you sell what you need and the rest of the bitcoin that you continue to be your investment.
Bitcoin is our present and our future for which we must be bold.

People will still be uncertain no matter how many of this thread pop up about it, obviously they do not know about bitcoin so they have to thread lightly if they want to do some investing in it. I have to disagree with you about how much you invest, in this case size matters because if you put more into investing it then it means that you are putting your trust into what you are investing and when the time comes when you need to profit the rewards will be bigger for you. That is what I am doing, selling 30% of what I hodl and hodl the 70% having it increase in time.

AniviaBtc

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Congratulations on your bitcoin journey and you are one of the good example for newbies here.

There are a lot of beginner bitcoin investors here who are not that knowledgeable when it comes to investment and they are dealing with risks without any precautions.

Making bitcoin investment profitable is not that easy especially that you need to play with the market seasons.

Bitcoin is volatile and as a crypto investor you should know that when you deal with risks, you know how to do analyzations in the market.

verita1

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This thread is good for telling anyone that it is never too late to invest in bitcoin. As it also does not matter how much you invest, the important thing is that you do not stay out because the time has come for bitcoin.

Some hope to earn their profit and sell it. I would recommend that only you sell what you need and the rest of the bitcoin that you continue to be your investment.
Bitcoin is our present and our future for which we must be bold.

Vaskiy

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Quote from: kawetsriyanto on February 12, 2021, 04:47:17 PM

I think what meant by double my BTC is if:

First, you have 0,1BTC,
then after several periods, you got the BTC doubled, from 0,1BTC to be 0,2BTC.
That is called doubling your BTC.

But, in that case, you double your value in USDT from BTC.
You got high profits from your 0,1BTC to be double. That makes sense if you did that because today the price of Bitcoin is very easy to rise up.

User should've mentioned the value in terms of USDT. Many users would've got more number of bitcoins earned as well as bought, but very few were able to keep it secure as a savings or as an investment for long term. Most of the time users spend it by situation. Now only the market is highly flood with the large scale investors/companies. Till certain time period it was stated as illegal people's money. Now the change has taken place, but very few have got it to enjoy.

kawetsriyanto

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I think what meant by double my BTC is if:

First, you have 0,1BTC,
then after several periods, you got the BTC doubled, from 0,1BTC to be 0,2BTC.
That is called doubling your BTC.

But, in that case, you double your value in USDT from BTC.
You got high profits from your 0,1BTC to be double. That makes sense if you did that because today the price of Bitcoin is very easy to rise up.

pixie85

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Quote from: Distinctin on February 10, 2021, 08:24:27 AM

You'll not be getting that huge gain/profit from your investment if you are one of those panic sellers.

You have the got to hold and patiently wait for the best time, ain't that perfect but still, you are gaining in the triple. Only a few people manage to do this since we are passing $20k coz it probably many holders are selling that time.

Well, I have to ask you if you still have the gut to buy Bitcoin now? Will you still risk your money since many speculations that we are able to reach $100k?

Imagine that he's happy because he was able to buy at 10 thousand and sell at 30. He missed the run from 30 to 40 but he's still happy Cheesy

I'm not bashing OP just saying that it's all a matter of perspective. Our view depends on where we stand and for some of us making 10 thousand dollars is going to be hude but for others even 50 thousand is spare change.

What matters is for you to feel good when it's all said and done, no matter what you do, sell or hold.

LUCKMCFLY

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Quote from: philanthropist67 on February 09, 2021, 03:01:59 PM

My this post is linked with my previous post. https://bitcointalksearch.org/topic/my-01-btc-journey-5251838

Before current bull run I have 0.1 BTC in my wallet when BTC was trading across 10k. I thought I bought BTC at much high price and it wont go up from here on wards. But things charged.
I am lucky enough to double enough my investment in BTC, thanks to current bull run. I sold my holdings at 30K and I am happy that I am able to get good return. No investment can give such return as BTC is giving to its HODLERS.

If a novice person like me can invest successfully in BTC then anyone with little knowledge can do the same.

First of all, I congratulate you, when a person invests in Bitcoin they will never lose, the price may fall, but you have to be patient enough to wait for the price to rise again, that is something for sure, it will always be a Win-win. Even if you buy right now that the price is around $ 47k I think it will continue to rise much more, now that it is heard that Apple has every intention of buying bitcoin or is already buying it, plus some advice from JPMorgan of anyone who can buy it do, it is an indication that the market is in a very good position.

imstillthebest

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no you didnt double your btc but i think you trippled it if you start investing at 10k and sold it at 30k but you could have gained extra if you wait longer because btc were at 48k at the moment i write this .

the post of yours is an inspiration to newbies that want to start but worrying thinking they are already late in btc investing but they are wrong because there you are a living proof .

dont thank btc for the bull but thank musk because he and his company did help pushing the price up

aoluain

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I understand if the OP needed to sell his Bitcoin for FIAT because of an emergency or something
but selling to take profit and not buying back at a dip is what I call "Missing the Boat".

The $3000 (.1BTC) will only buy .064BTC now

passwordnow

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That means your patience paid off and I congratulate you.

Quote from: dansus021 on February 10, 2021, 09:32:24 PM

There is twitter of founder of binance

so HODLLLLLLL ittt guyssss

I've seen this tweet from CZ and there's someone also replied about taking profit and selling. Both are correct, you just need to have a good and proper timing for doing both or probably hold is needing most for more patience.

fullhdpixel

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Quote from: philanthropist67 on February 09, 2021, 03:01:59 PM

My this post is linked with my previous post. https://bitcointalksearch.org/topic/my-01-btc-journey-5251838

Before current bull run I have 0.1 BTC in my wallet when BTC was trading across 10k. I thought I bought BTC at much high price and it wont go up from here on wards. But things charged.
I am lucky enough to double enough my investment in BTC, thanks to current bull run. I sold my holdings at 30K and I am happy that I am able to get good return. No investment can give such return as BTC is giving to its HODLERS.

If a novice person like me can invest successfully in BTC then anyone with little knowledge can do the same.

You didn’t just double your investment, what you got was a triple of your investment since you invested at the rate of 10,000 dollars and cashed out at the rate of 30,000 dollars, so that’s a triple. You’re very lucky man, no type of investment can give you up to that amount within a short time like this. Imagine that you invested your money in bonds and similar assets you wouldn’t have had this much, it would just be 12% or less in a year.

So, think about you had more patience till now you will be having close five times your investment and that’s huge. Bitcoin is seriously a good investment which is working out for so many people.

MCobian

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The experience of the opening post has actually been experienced by many other newbies too. That's the beauty of Bitcoin, sometimes we just
need patience to hold Bitcoin in order to get big profits. Bitcoin is indeed an investment with a high risk, but if investing with money that we can
afford to lose is a safe way to invest in bitcoin. It is true that with a little knowledge about the world of crypto, we can get big profits from Bitcoin,
if we are lucky to buy Bitcoin at a low price and wait patiently for the price to rise.

dansus021

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There is twitter of founder of binance

so HODLLLLLLL ittt guyssss

franciscoDC

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Its neccesarily to have patience when you go to investment and im glad for you that you had profit but if i were you i would like to invest half again in btc as you sold..because now suddenly the demand of it has grown faster.

Topic: My Journey : Doubling my BTC investment (Read 416 times)