Bitcoin Forum

Other => Beginners & Help => Topic started by: MrNata on March 27, 2024, 07:45:28 AM



Title: Can I really hold onto my bitcoins in the future?
Post by: MrNata on March 27, 2024, 07:45:28 AM
Hello all forum members. I am new to this forum and this is my first post. I have been familiar with Bitcoin since 2019. In 2015, when I entered my Honors first year at university, my family situation was very bad financially. I told my family situation to the head of my university then sir gave me a job opportunity. In the house where Sir lives, he has a neighbor, an old woman lives there. The old woman's children lived abroad and had citizenship there. My job was basically shopping for him, withdrawing money from the bank, basically working as his runner.  He paid me $100 a month. I could save $30 dollars a month and put that money in the bank. The old lady died just three months before my honors final exams started. I worked under that old woman for three years and seven months. After completing the final exam, I was not sure what to do with the money, whether to keep it in the bank or not, then a friend of mine told me to invest the money in Bitcoin. I didn't think about it at first but I spent a month browsing the internet about Bitcoin. Later I became interested in Bitcoin. I withdraw my bank money and invest in Bitcoin. I don't know why I didn't sell Bitcoin when it reached its highest price.  Currently I am unemployed for three years after completing my studies. I am trying hard to find a job but luck is not helping me. I have two tuitions to support myself but it doesn't work like this, it has become very important for me to help my family. I don't know what to do now. Now the bitcoin market has increased a lot, should I sell my bitcoins? I will use it in a small business. Should I be given more time for the job? I have to take a decision in the next two months. Experienced members of the forum give me some advice what should I do.


Title: Re: Can I really hold onto my bitcoins in the future?
Post by: Davidvictorson on March 27, 2024, 07:48:11 AM
Now the bitcoin market has increased a lot, should I sell my bitcoins? I will use it in a small business. Should I be given more time for the job? I have to take a decision in the next two months. Experienced members of the forum give me some advice what should I do.
Yes Bitcoin price has gone up now $70k but in the next 23 days or so after the halving it will increase more. Be patient. You say you have two months to make a decision,the halving even is in less than two months. You can make you decision to sell after the halving if you haven't gotten any employment then.

Another suggestion for you while you wait is to try out odd jobs. They may not bring in big bucks but it is something you can do in the mean time while you wait to get employed or take the next decision after the halving.


Title: Re: Can I really hold onto my bitcoins in the future?
Post by: Ruttoshi on March 27, 2024, 07:54:54 AM
It depends on your situation and the scenario playing around you right now. If you can wait for some months without it affecting your daily needs, then it is better to wait than rushing to sell your bitcoin. This is because after the halving we are still expecting a higher price than this. Bitcoin price peak which will be the recorded as ATH for this circle will be next year.

On the other hand, if you don't have any means of surviving, and it is a must for you to sell your bitcoin to survive, it is better that you sell it to survive, than hodling it so that you don't die and live your bitcoin investment. You should also take note that for you to be able to hodli your bitcoin investment for a long period of time, you must have means of income, so that situations like this, selling your bitcoin will not only be the option.


Title: Re: Can I really hold onto my bitcoins in the future?
Post by: Essential10 on March 27, 2024, 08:14:56 AM
OP, it is a good initiative if you plan to save money from your student life. If I'm not mistaken if you calculate the number of days you were able to deposit money in the bank you could have deposited around $1300 and with that money you later invest in bitcoins. You witnessed the peak price of Bitcoin in the first phase but still you did not withdraw your money from there. But currently you are seeing new highs in the price of Bitcoin again. Anyway, hopefully you're seeing the profit now. so I think you don't need to sell bitcoins now. In my personal opinion for the near future what you can do is hold your bitcoins for when bitcoins will halve and then bull run may cross $100k. If you can catch big profits then it will be easier for you to start business from your money in future. Just be patient and wait.


Title: Re: Can I really hold onto my bitcoins in the future?
Post by: Apocollapse on March 27, 2024, 08:30:59 AM
Your topic title ask to hold Bitcoin for long term.

While your post is actually ask either you sell your coins to start a business or use Bitcoin to change your life because you're unemployed.

The best is looking for a job, trading Bitcoin is really risky while start a business isn't recommended because you don't have enough money to cover you, in case your business didn't work well.


Title: Re: Can I really hold onto my bitcoins in the future?
Post by: Kelward on March 27, 2024, 08:35:36 AM
We're in the early stage of Bitcoin bull run and after halving in couple of weeks time, there's a high probability that the price of Bitcoin will be progressively pumping to reach a new ATH, so the longer that an investor holds into his Bitcoin in this season the better ROI for him. So it's your call now, the longer you hodle the more profit that it acrues to you, you'll have to decide how long you can be able to hold on before selling it, and solve the important financial needs that is before you. You're in luck that it's not in bear run that you're under pressure to sale, it would've been a lose for you. Welcome to the forum.


Title: Re: Can I really hold onto my bitcoins in the future?
Post by: Hatchy on March 27, 2024, 09:07:16 AM
Experienced members of the forum give me some advice what should I do.

Your story is quite motivating mate. Though we all know how hard it is these days to get a job even for a fully experienced graduate in some countries. That's why Bitcoin and other Investments opportunity are open to us all and once you find a way into these investment opportunities you should make sure to grap the chance and make a living out of it.
Well, it's normal for an investor who really needs funds to take care of some personal things to be tempted to sell of his coins. This is why it's very important to have a good source of income before investing in Bitcoin. This will help you solve other problems without eating into your investment. Bitcoin price has increased tremendously in the past few weeks and we are expecting more from it after the halving in April. So I will advice you to manage for now as you will get to enjoy your investment profits soon so don't be in a haste to sell.


Title: Re: Can I really hold onto my bitcoins in the future?
Post by: Dunamisx on March 27, 2024, 10:41:09 AM
snipped

Forget the long story and focus on what you wanted to achieve with bitcoin investment, if you enter now and invested, make sure you have enough patience to hodl, this will give you more upper hands towards making profits over the investment, you have the privilege of coming in at any time so far as you can wait and hodl with your investment to be profitable over time, those that have done this long time ago are now enjoying the benefits in that and if you make your own decision today, in the future times to come, you will be among those that will be referenced upon to have invested earlier before then.


Title: Re: Can I really hold onto my bitcoins in the future?
Post by: Eleutheria on March 27, 2024, 11:05:25 AM
Priorities set themselves and we have to plan around them. The halving is around the corner and sometime after that till the end of next year Bitcoin should go above $100,000, but at different points between now and then the market will be unpredictable and only a comfortable holder can ignore the rise and falls.

Not sure why you have two months to make a decision, but your family priority comes first. Selling the bitcoins to take care of domestic needs is the best decision now. A job can always come later and you can buy more bitcoins.


Title: Re: Can I really hold onto my bitcoins in the future?
Post by: Husires on March 27, 2024, 11:59:17 AM
If you have to make a decision in the next two months, it is better to sell. The price rejected the $73,000 and was unable to break it and it appears to be $73,000 was ATH for the period before halving. Historically, this period witnesses a correction in Bitcoin.

Instead of trying to convince yourself that the price will reach... +$80,000, it is better to sell now instead of waiting, especially since you need money and the time frame is only two months.
If you have the ability to wait until the middle of next year, you may double this money from investing in Bitcoin.


Title: Re: Can I really hold onto my bitcoins in the future?
Post by: Kristiyana on March 27, 2024, 07:28:48 PM
Now the bitcoin market has increased a lot, should I sell my bitcoins? I will use it in a small business. Should I be given more time for the job? I have to take a decision in the next two months. Experienced members of the forum give me some advice what should I do.
Yes Bitcoin price has gone up now $70k but in the next 23 days or so after the halving it will increase more. Be patient. You say you have two months to make a decision,the halving even is in less than two months. You can make you decision to sell after the halving if you haven't gotten any employment then.

Another suggestion for you while you wait is to try out odd jobs. They may not bring in big bucks but it is something you can do in the mean time while you wait to get employed or take the next decision after the halving.

Well I think you're in the right position to decide if you're going to sell it or not, establishing a small business for yourself is also part of investment, but what really matters is if you can maintain this business for Long term. if I'm in your shoes I think I will hold on to it till the end of the halving, I'm pretty sure that there will be a massive increase in the value of bitcoin after then.


Title: Re: Can I really hold onto my bitcoins in the future?
Post by: SatoPrincess on March 27, 2024, 08:17:05 PM
Though you didn’t exactly give a clear date when you bought the bitcoins, I’m sure your investment must have gained significant value since the time of the purchase. I’m a huge believer in hodling Bitcoin and would prefer not to spend my bitcoin savings unless it is an emergency. In your case, you have been unemployed for three years, I don’t know how you have been surviving all this time. I’m sure it hasn’t been easy holding on to your bitcoins given up or financial difficulties. You need source of income, I suggest you sell part of your bitcoin hodlings to finance your business idea. Don’t sell all your bitcoins.


Title: Re: Can I really hold onto my bitcoins in the future?
Post by: MetaTeraX1 on March 27, 2024, 08:29:59 PM
Hello all forum members. I am new to this forum and this is my first post. I have been familiar with Bitcoin since 2019. In 2015, when I entered my Honors first year at university, my family situation was very bad financially. I told my family situation to the head of my university then sir gave me a job opportunity. In the house where Sir lives, he has a neighbor, an old woman lives there. The old woman's children lived abroad and had citizenship there. My job was basically shopping for him, withdrawing money from the bank, basically working as his runner.  He paid me $100 a month. I could save $30 dollars a month and put that money in the bank. The old lady died just three months before my honors final exams started. I worked under that old woman for three years and seven months. After completing the final exam, I was not sure what to do with the money, whether to keep it in the bank or not, then a friend of mine told me to invest the money in Bitcoin. I didn't think about it at first but I spent a month browsing the internet about Bitcoin. Later I became interested in Bitcoin. I withdraw my bank money and invest in Bitcoin. I don't know why I didn't sell Bitcoin when it reached its highest price.  Currently I am unemployed for three years after completing my studies. I am trying hard to find a job but luck is not helping me. I have two tuitions to support myself but it doesn't work like this, it has become very important for me to help my family. I don't know what to do now. Now the bitcoin market has increased a lot, should I sell my bitcoins? I will use it in a small business. Should I be given more time for the job? I have to take a decision in the next two months. Experienced members of the forum give me some advice what should I do.
prioritize your family, if you don't have enough money to live on, please sell your bitcoins to live on and open a new business. but once again you know your family's situation, so you decide independently, btw I salute you, your story is very inspiring, I hope you will be successful and tell your life experiences to the whole world.


Title: Re: Can I really hold onto my bitcoins in the future?
Post by: Stable090 on March 27, 2024, 09:00:52 PM
After completing the final exam, I was not sure what to do with the money, whether to keep it in the bank or not, then a friend of mine told me to invest the money in Bitcoin.
Are you planning to follow what your friend told you? I will recommend you shouldn’t even try it. Bitcoin investment is really a good one, but your friend is asking you to invest in bitcoin at the wrong time. Just as you said in the post, you have tried secured a job multiple times but unfortunately, you haven’t been able to get one yet, so bitcoin investment is really a wrong suggestion right now.

If you invest all the money you are having currently into bitcoin, which money will you be using to feed or take care of other things, if you don’t have any sources of income and you decided to invest in bitcoin, am very sure you will end up selling the bitcoin just to take care of your self, which bitcoin might have dumped when you are planning to sell.

What I will tell you is just seat down and think about any business which you can start with the money, after establishing a business, then you can decide to invest the profit which you are making from the business into bitcoin.


Title: Re: Can I really hold onto my bitcoins in the future?
Post by: boyptc on March 27, 2024, 09:28:50 PM
Well, our opinions really matters to your decision making? Because I don't think someone can give you what the right thing to do but only you.

You need to assess your situation if you really are happy and satisfied upon selling those Bitcoins for you to start that business you're planning.

We're investing to make use of it and I guess that's one of the goals that someone can achieve and will not just keep the money for nothing.


Title: Re: Can I really hold onto my bitcoins in the future?
Post by: Uhwuchukwu53 on March 27, 2024, 09:47:17 PM
This is not time to fear is time of courage of holding because the set long awaiting time is almost near, any one who is holding should hold because very soon the ATH will occur.

Allot of advice is already in the board that may seem related this but you need sacrifice just the period by cutting down some of your expenses inorder to keep holding, because there is light at the end of the tunnel.


Title: Re: Can I really hold onto my bitcoins in the future?
Post by: AYOBA on March 27, 2024, 10:09:31 PM
I have two tuitions to support myself but it doesn't work like this, it has become very important for me to help my family. I don't know what to do now. Now the bitcoin market has increased a lot, should I sell my bitcoins? I will use it in a small business. Should I be given more time for the job? I have to take a decision in the next two months. Experienced members of the forum give me some advice what should I do.
As a man, it is very important for you to help your family, especially when you are the only male in your family, because everybody in your family will be dependent on you. It is good that you try to stand up for your family so that you and them can survive. Honestly, the price of Bitcoin has been pumping currently.

In my opinion, it would be better for you to sell part of your Bitcoin and establish another business where the success of your income will come every week or every month, and from there you will be able to get some amount of money that you can use to help your family's without touching any of your Bitcoin.

Because if you mistakenly sell all your Bitcoin now, you will come, and regret when the bull run arrives, after you see that many of your friends have earned so many profits. But with this little business you start, it will give you so much profit that you can even use it to buy more Bitcoin to hold against bull run.


Title: Re: Can I really hold onto my bitcoins in the future?
Post by: Smartvirus on March 27, 2024, 10:46:46 PM
Should you be out here hoping someone would advice you to sell off all your hodlings with hopes of starting some other investment and perhaps reinvest in Bitcoin later on in the future, you would be looking in the wrong place.
Don’t forget, Bitcoin it in itself an investment as well as a currency. So,

So in actual, what you’re proposing is that, you want to end one investment just to jump into another investment filled with uncertainties… is that it?

It doesn’t make sense to me. That would be a poor way to make a decision. In your bid to increase and solve problems, you try not to off any stream of income and this right now would be laying off your Bitcoin investment.

Diversification is good practice but, your not diversifying when you loss another stream of income. Best thing to do would be that, you sell just a part of your portfolio and startup a properly researched business. That would help you more.


Title: Re: Can I really hold onto my bitcoins in the future?
Post by: Truthlovecoins on March 27, 2024, 10:53:09 PM
I think it is possible to hold unto your Bitcoin into the future even up to a decade if you may.
I have read posts here that talk about holding or accumulation of Bitcoin for a long time until one decides he/she wants to sell them or withdraw it or invest the Bitcoin to buy other altcoins and shitcoins.
You just have to be more consistent in this forum to learn how to safely do it and the needed tools to attain that goal.


Title: Re: Can I really hold onto my bitcoins in the future?
Post by: leonair on March 28, 2024, 04:27:16 AM
Hello all forum members. I am new to this forum and this is my first post. I have been familiar with Bitcoin since 2019. In 2015, when I entered my Honors first year at university, my family situation was very bad financially. I told my family situation to the head of my university then sir gave me a job opportunity. In the house where Sir lives, he has a neighbor, an old woman lives there. The old woman's children lived abroad and had citizenship there. My job was basically shopping for him, withdrawing money from the bank, basically working as his runner.  He paid me $100 a month. I could save $30 dollars a month and put that money in the bank. The old lady died just three months before my honors final exams started. I worked under that old woman for three years and seven months. After completing the final exam, I was not sure what to do with the money, whether to keep it in the bank or not, then a friend of mine told me to invest the money in Bitcoin. I didn't think about it at first but I spent a month browsing the internet about Bitcoin. Later I became interested in Bitcoin. I withdraw my bank money and invest in Bitcoin. I don't know why I didn't sell Bitcoin when it reached its highest price.  Currently I am unemployed for three years after completing my studies. I am trying hard to find a job but luck is not helping me. I have two tuitions to support myself but it doesn't work like this, it has become very important for me to help my family. I don't know what to do now. Now the bitcoin market has increased a lot, should I sell my bitcoins? I will use it in a small business. Should I be given more time for the job? I have to take a decision in the next two months. Experienced members of the forum give me some advice what should I do.
Your story is very beautiful and it is very admirable that you were interested in investing in Bitcoin at that time. now bitcoin is at $70k and a bit more and meanwhile you are going through a bad time investing in bitcoin or somewhere else is meant to back us up in bad times so if you are in a situation where you have enough money or means to back up  If you don't have it, you can sell the bitcoins now because they have pumped enough and it is now in the new ATH. When your situation is better and you find some source of income then it will be better to continue investing in Bitcoin again using DCA method.


Title: Re: Can I really hold onto my bitcoins in the future?
Post by: Sebas.tian on March 28, 2024, 06:30:40 AM
You can sell your Bitcoin if you are very okay with the current price in the market, because the bullish season is still on ground and it will make that Bitcoin to bring huge amount of income that will help you to establish another business that will make you to have different sources of income, which is everyone dream. Don't let anything stop you not to purchase Bitcoin when the price decrease in the future, because if you are not careful, family issues can make you to spend everything and when the bearish season come nothing to invest which is a bad attitude. I will advice you not to quit that your job that is giving you some money monthly, so that when there is a long bearish season you will be using the salary to do other things to solve your family issues, and then continue holding your Bitcoin.


Title: Re: Can I really hold onto my bitcoins in the future?
Post by: Z390 on March 28, 2024, 08:09:42 AM
Hello all forum members. I am new to this forum and this is my first post. I have been familiar with Bitcoin since 2019. In 2015, when I entered my Honors first year at university, my family situation was very bad financially. I told my family situation to the head of my university then sir gave me a job opportunity. In the house where Sir lives, he has a neighbor, an old woman lives there. The old woman's children lived abroad and had citizenship there. My job was basically shopping for him, withdrawing money from the bank, basically working as his runner.  He paid me $100 a month. I could save $30 dollars a month and put that money in the bank. The old lady died just three months before my honors final exams started. I worked under that old woman for three years and seven months. After completing the final exam, I was not sure what to do with the money, whether to keep it in the bank or not, then a friend of mine told me to invest the money in Bitcoin. I didn't think about it at first but I spent a month browsing the internet about Bitcoin. Later I became interested in Bitcoin. I withdraw my bank money and invest in Bitcoin. I don't know why I didn't sell Bitcoin when it reached its highest price.  Currently I am unemployed for three years after completing my studies. I am trying hard to find a job but luck is not helping me. I have two tuitions to support myself but it doesn't work like this, it has become very important for me to help my family. I don't know what to do now. Now the bitcoin market has increased a lot, should I sell my bitcoins? I will use it in a small business. Should I be given more time for the job? I have to take a decision in the next two months. Experienced members of the forum give me some advice what should I do.

You don't include the price that you bought your Bitcoin at, but you do talk about this present high price meaning that you are already in profit, there is nothing wrong in selling now and starting a business, your well-being is far more important.

You can always come back and start buying Bitcoin again, but you need a source of income first, thats why the business is very important.

If you start a business now you will start making money and using some percentage of your income to buy back Bitcoin later, and not just this only, you will be able to live a comfortable life, the lack of income stream is why investment is very hard.

Think about it.


Title: Re: Can I really hold onto my bitcoins in the future?
Post by: Patrol69 on March 28, 2024, 01:40:30 PM
I am simply telling you that you have some idea about the business and according to your capital you can choose the business that is right for you as your business. Since you have posted on the forum it means you must have an idea about Bitcoin and if you are a believer in the crypto platform you can invest or trade if you want. If investing or trading doesn't feel safe to you, you can start any physical business. What is your budget Depending on the budget you choose a business that you can manage well and from which you are more likely to succeed. Don't start a business where you don't have the slightest idea, you might fail there.


Title: Re: Can I really hold onto my bitcoins in the future?
Post by: Adams0001 on March 28, 2024, 06:34:40 PM
I think it is possible to hold unto your Bitcoin into the future even up to a decade if you may.
I have read posts here that talk about holding or accumulation of Bitcoin for a long time until one decides he/she wants to sell them or withdraw it or invest the Bitcoin to buy other altcoins and shitcoins.
You just have to be more consistent in this forum to learn how to safely do it and the needed tools to attain that goal.

He stated that he is unemployed and that he has already invested in bitcoin and has most likely profited from it; however, if he does not have any job to support his investment, he will most likely withdraw it because he will have many issues to solve, and because he does not have any source of income to handle the problem, the money he has invested will be empty one day when he withdraws it. In my opinion, if you don't have much to do with the money right now, you can wait for the bull run and make a large profit. because you intend to make decisions in two months before doing everything that comes to mind. Investing in another coin other than bitcoin is extremely dangerous and can result in significant losses. Because I trusted bitcoin more than any other coin, I invested the majority of my funds in bitcoin to get huge profit, am just waiting for the bull run because have not awear of it before, am just hearing my mentors are saying about it very well.


Title: Re: Can I really hold onto my bitcoins in the future?
Post by: Mate2237 on March 28, 2024, 07:09:23 PM
Your topic title ask to hold Bitcoin for long term.

While your post is actually ask either you sell your coins to start a business or use Bitcoin to change your life because you're unemployed.

The best is looking for a job, trading Bitcoin is really risky while start a business isn't recommended because you don't have enough money to cover you, in case your business didn't work well.
The op is misplacement of priority and confused in real life before even the forum. What really concerned what happened to one in real life with forum. Everyone has their life history and if those histories are written here then the purpose of the creation of the forum becomes a historical gathering where people came and tell their life history. There are almost 3 or 4 different biographical stories by the op which is not the purpose of the forum. People brought this kind of stories for sympathy but when the sympathy has given what next? Holding onto bitcoin" became life history.

Well since he also asked for advice then I will advise him that he should not bring his family problems to bitcoin investment because he cannot invest in bitcoin with family problems and if he does he won't survive.


Title: Re: Can I really hold onto my bitcoins in the future?
Post by: Bushdark on March 28, 2024, 07:30:57 PM
I am simply telling you that you have some idea about the business and according to your capital you can choose the business that is right for you as your business. Since you have posted on the forum it means you must have an idea about Bitcoin and if you are a believer in the crypto platform you can invest or trade if you want. If investing or trading doesn't feel safe to you, you can start any physical business. What is your budget Depending on the budget you choose a business that you can manage well and from which you are more likely to succeed. Don't start a business where you don't have the slightest idea, you might fail there.
Op is somehow confused and he needed to go back and understand the topic and what he had writen so far.
It is go for us to make investment but it would be bad if we don't follow up our investment because that is the only way we could make mk eh in the market. There are so many opportunities in the crypto market and op can benefits if he knows what he's doing rather trying to know the future of Bitcoin if it will be a successful journey. There is nothing to keep bothering about and taking decisions should be the next move.


Title: Re: Can I really hold onto my bitcoins in the future?
Post by: Zoomic on March 28, 2024, 08:53:42 PM
Hello all forum members. I am new to this forum and this is my first post. I have been familiar with Bitcoin since 2019. In 2015, when I entered my Honors first year at university, my family situation was very bad financially. I told my family situation to the head of my university then sir gave me a job opportunity. In the house where Sir lives, he has a neighbor, an old woman lives there. The old woman's children lived abroad and had citizenship there. My job was basically shopping for him, withdrawing money from the bank, basically working as his runner.  He paid me $100 a month. I could save $30 dollars a month and put that money in the bank. The old lady died just three months before my honors final exams started. I worked under that old woman for three years and seven months. After completing the final exam, I was not sure what to do with the money, whether to keep it in the bank or not, then a friend of mine told me to invest the money in Bitcoin. I didn't think about it at first but I spent a month browsing the internet about Bitcoin. Later I became interested in Bitcoin. I withdraw my bank money and invest in Bitcoin. I don't know why I didn't sell Bitcoin when it reached its highest price.  Currently I am unemployed for three years after completing my studies. I am trying hard to find a job but luck is not helping me. I have two tuitions to support myself but it doesn't work like this, it has become very important for me to help my family. I don't know what to do now. Now the bitcoin market has increased a lot, should I sell my bitcoins? I will use it in a small business. Should I be given more time for the job? I have to take a decision in the next two months. Experienced members of the forum give me some advice what should I do.

You are lucky Bitcoin price has appreciated so, you will not be withdrawing at a loss. If you can be patient till after the halving in April,  you will earn higher than you would earn if you withdraw now. This is the reason I always advice Bitcoin enthusiasts to have other source(s) of income to foot their day to day expenses so as prevent premature withdrawal of their investments to settle urgent needs.

Bitcoin investment is profitable if you can hold for long. The essence of holding for long is to enable your investment beat the Bitcoin price fluctuations and still arrive at huge profits. Over relying on your Bitcoin investment will not help you hold for  long. I just hope the business you intend to establish flourishes so you can stand on your feet again.


Title: Re: Can I really hold onto my bitcoins in the future?
Post by: Onyeeze on March 28, 2024, 09:09:18 PM
It depends on your situation and the scenario playing around you right now. If you can wait for some months without it affecting your daily needs, then it is better to wait than rushing to sell your bitcoin. This is because after the halving we are still expecting a higher price than this. Bitcoin price peak which will be the recorded as ATH for this circle will be next year.

On the other hand, if you don't have any means of surviving, and it is a must for you to sell your bitcoin to survive, it is better that you sell it to survive, than hodling it so that you don't die and live your bitcoin investment. You should also take note that for you to be able to hodli your bitcoin investment for a long period of time, you must have means of income, so that situations like this, selling your bitcoin will not only be the option.
the reasons why some people hold their Bitcoin for long time is because they have another thing that is fetching the money and that is why so many of them who would their bitcoin for long time will not touch their Bitcoin because they know their plans of others whereby you don't have anything that is giving you weekly income it is obvious that you can touch the money you keep for your investment because there is no placement or more one that is subtiting it, so what I am saying is that holding a bitcoin is based on your plan it is not based on the price increase in and the price decreasing so it is based on your determination


Title: Re: Can I really hold onto my bitcoins in the future?
Post by: Myleschetty on March 28, 2024, 11:34:39 PM
Firstly, keeping money in the bank is never a good idea, the banks are making huge profits through your money and never giving dividends. Why don't you use your money to make money for yourself?
Second, you can't tell me you have fiat currency as savings and I will agree with you when the currency is losing value every day.

I don't know why I didn't sell Bitcoin when it reached its highest price.  Currently I am unemployed for three years after completing my studies. I am trying hard to find a job but luck is not helping me. I have two tuitions to support myself but it doesn't work like this, it has become very important for me to help my family. I don't know what to do now. Now the bitcoin market has increased a lot, should I sell my bitcoins?
Bitcoin hasn't increased yet buddy and the time you'll experience the increase in the price of BTC is when the block is halved.
I will advise you to hold onto your BTC which is a better investment now than the business you want to start which you cant big benefit from days after you start cause it will take some weeks before you start getting something from it.
After the block halving, you can sell some portion of the BTC and start the business.


Title: Re: Can I really hold onto my bitcoins in the future?
Post by: Fuso.hp on March 28, 2024, 11:48:35 PM
If there is a reliable coin in the crypto market, the name of Bitcoin will be on top of the list of most reliable coins. Among the investors who invest in crypto platform, maximum investors invest in Bitcoin first and then those investors invest in all other coins. Bitcoin's value and its popularity are high and it is a very reliable coin so in long term plan an investor can invest in this coin if he wants. You can hold Bitcoin for a long time by investing in futures as well as you can hold Bitcoin for a long time by investing in the present if you want. In general long term planning especially with Bitcoin there is no need to think so much about timing as the price changes quite a bit over a period of time.


Title: Re: Can I really hold onto my bitcoins in the future?
Post by: tyz on March 29, 2024, 12:50:02 AM
-snip-

Regarding your investment in Bitcoin, the decision to sell or hold your Bitcoins is a difficult one, especially given the recent surge in the market. The key to making this decision is to carefully assess your current financial needs and the potential for your investment. While selling your Bitcoins could provide you with the capital to start a small business and support your family, it's crucial to evaluate the long-term implications of selling at this point in time. Consider seeking advice from a financial advisor who can provide you with an unbiased perspective on your investment and its potential for the future. Additionally, exploring other job opportunities and avenues for generating income could provide you with a more stable financial foundation.


Title: Re: Can I really hold onto my bitcoins in the future?
Post by: Nheer on March 29, 2024, 11:09:10 AM
Are you planning to follow what your friend told you? I will recommend you shouldn’t even try it. Bitcoin investment is really a good one, but your friend is asking you to invest in bitcoin at the wrong time. Just as you said in the post, you have tried secured a job multiple times but unfortunately, you haven’t been able to get one yet, so bitcoin investment is really a wrong suggestion right now.

If you invest all the money you are having currently into bitcoin, which money will you be using to feed or take care of other things, if you don’t have any sources of income and you decided to invest in bitcoin, am very sure you will end up selling the bitcoin just to take care of your self, which bitcoin might have dumped when you are planning to sell.
I think you didn’t get OP message properly, read again you will notice that he already invested in bitcoin after his advised him to and it’s been a while now so he have realized so profit from the investment but he doesn’t know what to do wether to sell at this high price or keep holding his bitcoins. He is confused because he knows bitcoin has the potential to increase on price but he is currently faced with financial problems and is funding it difficult to get a job. He is considering selling his bitcoins and use the money to start up a business to relief him from financial difficulties. He needs advise from experts here so he doesn’t end up making the wrong decision since bitcoin can still increase in value.

I don't know why I didn't sell Bitcoin when it reached its highest price.  Currently I am unemployed for three years after completing my studies. I am trying hard to find a job but luck is not helping me. I have two tuitions to support myself but it doesn't work like this, it has become very important for me to help my family. I don't know what to do now. Now the bitcoin market has increased a lot, should I sell my bitcoins? I will use it in a small business. Should I be given more time for the job? I have to take a decision in the next two months. Experienced members of the forum give me some advice what should I do.
Holding is a very good thing OP and if not for the sake that you are facing financial difficulties i wouldn’t suggest you sell your coin just yet as we are expecting bitcoin halving very soon and it is known that after every halving bitcoin always increase in value and always hits a new ATH.

The problem now is you are desperately in need of money and what use would your investment in bitcoin serve if it doesn’t help you in desperate times because that is the purpose of every investment, to elevate our financial status. The only wrong thing you did was that you didn’t plan out your investment properly before investing in bitcoin, every investment plan is supposed to include a target price or point where you take out profit to solve other problems if you had a plan you wouldn’t be thinking of selling your coins as it stands.

I wouldn’t see the use of your investment if it can’t solve your problems at desperate times, I don’t know how much money you have accumulated from your investment but if it is more than enough to get your business started then you should withdraw part of it and start your business then keep holding the rest for as long as you can and keep accumulating more when your business grows but i won’t advise you to sell all your bitcoins because when you sell and bitcoin hits a higher price it will cost you more to buy again so having bitcoin now is like an opportunity so don’t do thee mistake of selling them all so you don’t have regrets in future because bitcoin potential is so high and we likely to see it go even higher in future.


Title: Re: Can I really hold onto my bitcoins in the future?
Post by: Pi-network314159 on March 29, 2024, 11:48:38 AM
I don't know what to do now. Now the bitcoin market has increased a lot, should I sell my bitcoins? I will use it in a small business. Should I be given more time for the job? I have to take a decision in the next two months. Experienced members of the forum give me some advice what should I do.
I understand you quit well, it is difficult not securing a job and yet you suffer to feed why you have Bitcoin in your possession. I will sudjest you sell some portion of the btc, and take care of your responsibilities. but you should not sell small,you should sell some and use the money to find something doing that will be fetching you money to replace the sold amount of bitcoin. If not you will sell your bitcoin and yet don have a tangible thing to get hold of. The important thing about bitcoin investment is to hold for long and enjoy the fruit of the labour and also have a peace of mind in the long run. but if cercumstances surrends you, you have no option than to accept it by selling your Bitcoin. But if the money comes later you can replenish it.


Title: Re: Can I really hold onto my bitcoins in the future?
Post by: goldkingcoiner on March 29, 2024, 11:52:25 AM
I would not sell before the halving. And I would not sell after, either. If you absolutely need to spend money, then go ahead but selling for the reason of being worried about the Bitcoin price will always go wrong. Either you believe in your investment or you do not but you need to make a choice otherwise you will end up buying high selling low.


Title: Re: Can I really hold onto my bitcoins in the future?
Post by: reagansimms on March 29, 2024, 12:47:00 PM
Luckily you have some funds in the form of Bitcoin which is very useful for you during difficult situations. Being unemployed is not someone's dream, but in reality you have to be prepared to go through difficult times by surviving with very limited money. Selling Bitcoin to use as business capital is not a bad idea, you can open up jobs with the skills you have and end the difficult times of being unemployed.

When you feel tired due to never getting a job, you should think wiser by opening your own job. The amount of money you save in Bitcoin can be used as capital to open your business, when you can make money from this business, you can re-invest in Bitcoin.



Title: Re: Can I really hold onto my bitcoins in the future?
Post by: Zigabel on March 29, 2024, 12:54:52 PM
Dear OP you should understand that the purpose of investing in Bitcoin is to be able to have your funds add up over a period of time so you can aswell Chanelle that funds into something else better for your life and not just saving up the fund's allowing it to double up without a purpose so if you have got a needed that can be solved by the money you have realized from Bitcoin, now that the price is high it must have done more than twice your capital, you can choose to withdraw now probably your profit and allow your capital to still grow some more again and not just leaving the money there while you keep struggling with life, then the purpose for your investment is defeated.

You can check how much profit you have Made already since you started investing in Bitcoin and than try to see if the profit is enough to take care of the Bills you have got at this point then make sure to withdraw only the profit a d leave the capital, it will still get to grow again and yeild profit for you after awhile again roo


Title: Re: Can I really hold onto my bitcoins in the future?
Post by: Spaceman1000$ on March 29, 2024, 01:22:46 PM
Hello all forum members. I am new to this forum and this is my first post. I have been familiar with Bitcoin since 2019. In 2015, when I entered my Honors first year at university, my family situation was very bad financially. I told my family situation to the head of my university then sir gave me a job opportunity. In the house where Sir lives, he has a neighbor, an old woman lives there. The old woman's children lived abroad and had citizenship there. My job was basically shopping for him, withdrawing money from the bank, basically working as his runner.  He paid me $100 a month. I could save $30 dollars a month and put that money in the bank. The old lady died just three months before my honors final exams started. I worked under that old woman for three years and seven months. After completing the final exam, I was not sure what to do with the money, whether to keep it in the bank or not, then a friend of mine told me to invest the money in Bitcoin. I didn't think about it at first but I spent a month browsing the internet about Bitcoin. Later I became interested in Bitcoin. I withdraw my bank money and invest in Bitcoin. I don't know why I didn't sell Bitcoin when it reached its highest price.  Currently I am unemployed for three years after completing my studies. I am trying hard to find a job but luck is not helping me. I have two tuitions to support myself but it doesn't work like this, it has become very important for me to help my family. I don't know what to do now. Now the bitcoin market has increased a lot, should I sell my bitcoins? I will use it in a small business. Should I be given more time for the job? I have to take a decision in the next two months. Experienced members of the forum give me some advice what should I do.

Since you have bitcoin and it has yielded profit, you can actually take all your profit and certain percentage from your initial capital to help sort out your tuition fee issues. So you can be on  Clear standing on your academic pursuit. I believe as a young person, you will certainly have more time to still invest in bitcoin, because right now you're facing some financial difficulties, so better you help yourself with what you have at hand. I believe in the future when you've had a sustainable job, you will certainly increase your bitcoin investment since before now you already have an idea of what the investment process is and how beneficial it is. So sell some portion of bitcoin in your possession in a bid to help yourself.


Title: Re: Can I really hold onto my bitcoins in the future?
Post by: cryptoWODL on March 29, 2024, 04:19:50 PM
Currently I am unemployed for three years after completing my studies. I am trying hard to find a job but luck is not helping me. I have two tuitions to support myself but it doesn't work like this, it has become very important for me to help my family. I don't know what to do now. Now the bitcoin market has increased a lot, should I sell my bitcoins? I will use it in a small business. Should I be given more time for the job? I have to take a decision in the next two months. Experienced members of the forum give me some advice what should I do.
OP I think you are still in the right place you just need patience now. Moreover, you can continue to run the small business you have so that you can support your family's finances with the money earned from that business and continue your Bitcoin investment. Actually I am saying these words because since you have invested in Bitcoin and have been able to hold it till now, wait patiently for some more time.

You said you made a profit on your bitcoin investment when the price of bitcoin reached its peak but now the price of bitcoin has fallen slightly so you hold it until the bitcoin halving takes place. After the Bitcoin halving, the market will go up again. If after bitcoin halving you don't have employment then you can sell your invested bitcoin height maybe it's totally your personal matter.


Title: Re: Can I really hold onto my bitcoins in the future?
Post by: pawanjain on March 29, 2024, 04:37:55 PM
Hello all forum members. I am new to this forum and this is my first post. I have been familiar with Bitcoin since 2019. In 2015, when I entered my Honors first year at university, my family situation was very bad financially. I told my family situation to the head of my university then sir gave me a job opportunity. In the house where Sir lives, he has a neighbor, an old woman lives there. The old woman's children lived abroad and had citizenship there. My job was basically shopping for him, withdrawing money from the bank, basically working as his runner.  He paid me $100 a month. I could save $30 dollars a month and put that money in the bank. The old lady died just three months before my honors final exams started. I worked under that old woman for three years and seven months. After completing the final exam, I was not sure what to do with the money, whether to keep it in the bank or not, then a friend of mine told me to invest the money in Bitcoin. I didn't think about it at first but I spent a month browsing the internet about Bitcoin. Later I became interested in Bitcoin. I withdraw my bank money and invest in Bitcoin. I don't know why I didn't sell Bitcoin when it reached its highest price.  Currently I am unemployed for three years after completing my studies. I am trying hard to find a job but luck is not helping me. I have two tuitions to support myself but it doesn't work like this, it has become very important for me to help my family. I don't know what to do now. Now the bitcoin market has increased a lot, should I sell my bitcoins? I will use it in a small business. Should I be given more time for the job? I have to take a decision in the next two months. Experienced members of the forum give me some advice what should I do.

Keep looking for a job and get any job that suits you. You just have to keep your expenses going in the beginning.
Once you save enough you can still hunt for a different job of your choice. This way you will be able to hold on to your bitcoins.
Meanwhile the price of bitcoin will touch another ATH and then may be you can decide to sell so that you can buy back at cheaper price or may be start a business or something.
Right now your best bet would be to find a job and just get started that's it.


Title: Re: Can I really hold onto my bitcoins in the future?
Post by: Barikui1 on March 31, 2024, 03:04:08 AM
Hello all forum members. I am new to this forum and this is my first post. I have been familiar with Bitcoin since 2019. In 2015, when I entered my Honors first year at university, my family situation was very bad financially. I told my family situation to the head of my university then sir gave me a job opportunity. In the house where Sir lives, he has a neighbor, an old woman lives there. The old woman's children lived abroad and had citizenship there. My job was basically shopping for him, withdrawing money from the bank, basically working as his runner.  He paid me $100 a month. I could save $30 dollars a month and put that money in the bank. The old lady died just three months before my honors final exams started. I worked under that old woman for three years and seven months. After completing the final exam, I was not sure what to do with the money, whether to keep it in the bank or not, then a friend of mine told me to invest the money in Bitcoin. I didn't think about it at first but I spent a month browsing the internet about Bitcoin. Later I became interested in Bitcoin. I withdraw my bank money and invest in Bitcoin. I don't know why I didn't sell Bitcoin when it reached its highest price.  Currently I am unemployed for three years after completing my studies. I am trying hard to find a job but luck is not helping me. I have two tuitions to support myself but it doesn't work like this, it has become very important for me to help my family. I don't know what to do now. Now the bitcoin market has increased a lot, should I sell my bitcoins? I will use it in a small business. Should I be given more time for the job? I have to take a decision in the next two months. Experienced members of the forum give me some advice what should I do.

Investment is really a good thing, because it has the potential to change your financial situation for good in the future, but before investing in anything, wether Bitcoin, real estate, gold, diamond stocks, etc it's mandatory that you have another source of income and emergency funds, so that you won't have to think of your investment when faced with pressing financial needs like rent, feeding and some other basic needs, because if you didn't have any other source of income, you will definitely eat up your investment bit by bit till it's been run down, so in this your situation, I would advice that you withdraw everything and sort out your pressing financial needs, and when you have gotten a job or business,  you can invest through the DCA method, knowing that you have a source of income that will sustained you till your investment goal is achieved.


Title: Re: Can I really hold onto my bitcoins in the future?
Post by: Belarge on March 31, 2024, 04:31:43 AM
Currently I am unemployed for three years after completing my studies. I am trying hard to find a job but luck is not helping me. I have two tuitions to support myself but it doesn't work like this, it has become very important for me to help my family. I don't know what to do now. Now the bitcoin market has increased a lot, should I sell my bitcoins? I will use it in a small business. Should I be given more time for the job? I have to take a decision in the next two months. Experienced members of the forum give me some advice what should I do.

I'll always choose the market over my personal jobs because there's no breakthrough in the real job, only committed to be under some random individuals who doesn't care about your best. We should be given the best advices because we need it to push forward in the system. I've never hold back from providing aides and in sectors I'm acquainted with. OP, you have everything within possession to make advance steps in life. There's no better feeling than been independent in the space, not working or having a boss. I know it's been really way out of plan but we have no choice than to settle for what we're seeing with our very naked eyes.


Title: Re: Can I really hold onto my bitcoins in the future?
Post by: Churchillvv on March 31, 2024, 09:46:19 AM
Hello all forum members. I am new to this forum and this is my first post. I have been familiar with Bitcoin since 2019. In 2015, when I entered my Honors first year at university, my family situation was very bad financially. I told my family situation to the head of my university then sir gave me a job opportunity. In the house where Sir lives, he has a neighbor, an old woman lives there. The old woman's children lived abroad and had citizenship there. My job was basically shopping for him, withdrawing money from the bank, basically working as his runner.  He paid me $100 a month. I could save $30 dollars a month and put that money in the bank. The old lady died just three months before my honors final exams started. I worked under that old woman for three years and seven months. After completing the final exam, I was not sure what to do with the money, whether to keep it in the bank or not, then a friend of mine told me to invest the money in Bitcoin. I didn't think about it at first but I spent a month browsing the internet about Bitcoin. Later I became interested in Bitcoin. I withdraw my bank money and invest in Bitcoin. I don't know why I didn't sell Bitcoin when it reached its highest price.  Currently I am unemployed for three years after completing my studies. I am trying hard to find a job but luck is not helping me. I have two tuitions to support myself but it doesn't work like this, it has become very important for me to help my family. I don't know what to do now. Now the bitcoin market has increased a lot, should I sell my bitcoins? I will use it in a small business. Should I be given more time for the job? I have to take a decision in the next two months. Experienced members of the forum give me some advice what should I do.
Personally, I'm struggling to really comprehend the message of this thread because you wish to sell your small bitcoin to start a business or keep looking for a jobe perhaps your should answer the question yourself. Non of us here could have the answer because it's a personal decision that you must take, hence it's more advisable to get a job and keep your life moving because bitcoin is not a get rich quick scheme and thous it can not give you a profit that will change your life the way you presume it.

For a good investment in bitcoin you need to have something doing either you own a business or yours or get a job that can pay your bills. Having bitcoin or coming into this forum doesn't mean you are going to make money but perhaps you can begin to trade if you have a good knowledge of it, so you could really help yourself.


Title: Re: Can I really hold onto my bitcoins in the future?
Post by: leonair on March 31, 2024, 11:27:13 AM
Now the bitcoin market has increased a lot, should I sell my bitcoins? I will use it in a small business. Should I be given more time for the job? I have to take a decision in the next two months. Experienced members of the forum give me some advice what should I do.
Yes Bitcoin price has gone up now $70k but in the next 23 days or so after the halving it will increase more. Be patient. You say you have two months to make a decision,the halving even is in less than two months. You can make you decision to sell after the halving if you haven't gotten any employment then.

Another suggestion for you while you wait is to try out odd jobs. They may not bring in big bucks but it is something you can do in the mean time while you wait to get employed or take the next decision after the halving.
There is no guarantee that bitcoin price will pump after bitcoin halving but there is a possibility so you cannot guarantee that bitcoin price will pump much after halving. Then it may happen that the price of Bitcoin will dump. Investment in Bitcoin is very profitable but long term investment and after investing in it you must accept that you have taken risk.  And here's where you might lose if you're a panic seller and you have to accept that too. so if op have the ability of long term holding then op can invest on bitcoin as soon as possible


Title: Re: Can I really hold onto my bitcoins in the future?
Post by: Iroh on March 31, 2024, 01:36:09 PM
You mentioned you were unemployed at the moment and helping out yourself and your family has become quite difficult. If you’re really in a fix and you’ve got some bitcoin holding, you could sell off some of your assets to get yourself together.
You’ve got to examine your finances; knowing if you could hold off on selling your bitcoins till later on this year. You mentioned you’ve got two months before you take a decision. You could always continue job hunting while holding onto your coins. If the situation doesn’t improve, then you could sell off some of your coins to help pay for yours and the needs of your family.


Title: Re: Can I really hold onto my bitcoins in the future?
Post by: Youngkhngdiddy on April 01, 2024, 05:12:31 AM
Hello all forum members. I am new to this forum and this is my first post. I have been familiar with Bitcoin since 2019. In 2015, when I entered my Honors first year at university, my family situation was very bad financially. I told my family situation to the head of my university then sir gave me a job opportunity. In the house where Sir lives, he has a neighbor, an old woman lives there. The old woman's children lived abroad and had citizenship there. My job was basically shopping for him, withdrawing money from the bank, basically working as his runner.  He paid me $100 a month. I could save $30 dollars a month and put that money in the bank. The old lady died just three months before my honors final exams started. I worked under that old woman for three years and seven months. After completing the final exam, I was not sure what to do with the money, whether to keep it in the bank or not, then a friend of mine told me to invest the money in Bitcoin. I didn't think about it at first but I spent a month browsing the internet about Bitcoin. Later I became interested in Bitcoin. I withdraw my bank money and invest in Bitcoin. I don't know why I didn't sell Bitcoin when it reached its highest price.  Currently I am unemployed for three years after completing my studies. I am trying hard to find a job but luck is not helping me. I have two tuitions to support myself but it doesn't work like this, it has become very important for me to help my family. I don't know what to do now. Now the bitcoin market has increased a lot, should I sell my bitcoins? I will use it in a small business. Should I be given more time for the job? I have to take a decision in the next two months. Experienced members of the forum give me some advice what should I do.
   Well I presume you would be in profit by now probably see more than 20% interest of your capital, which is actually not a bad business. The mistake some of make is not knowing when to leave, most wealthy people don’t even chase up to 10% of profit, at least 2% income is enough for them they take that 2% and move on. What the point seeing your profit and leaving it for all the money to be taken back when you could have either withdrew and make use of the money for your pressing needs, at least withdraw your profit and leave the capital that’s how you know if what your doing is profitable or not. They’ve got to be a result in your dealings, so leaving you portfolio untouched even after seeing your profit is not entirely right because those numbers you are seeing won’t be the same, it fluctuate and when it does of what use is your waiting all those while for. The important thing is withdraw, secure your profits then it’s left for you if you want to continue investing, this is when the DCA comes in.
  The DCA method can never do you wrong, but before you are able to carry out this process well you ought to have sort of money coming in so that investing while facing your everyday life wouldn’t be a workload for you. But when you have nothing coming in it going to be hard investing, instead of starving and allow your pressing needs to squeeze your neck, use the money for you self solve that problem that’s been troubling leave your mind in peace rather than allowing thinking take the best of you. Responsibility is manning up on your decision. Take your profits when necessary thats is why we are all in into bitcoin at the first time, the prices will not always be the same, take what you can see instead of dwelling on the things you haven’t see. You don’t have to make 1000% before you withdraw your money and sure that’s can happen in just one time, steadily we build wealth it doesn’t come all at once in most cases.


Title: Re: Can I really hold onto my bitcoins in the future?
Post by: Sebas.tian on April 01, 2024, 06:41:14 AM
I think, you are following the market price in this season for you to know the season we are in the market because not all season you release your Bitcoin to the market to make a good income, but if you can hold till massive bullish season appear before you can sell, it will help you to establish any kind of business you want to establish. If truly you are holding Bitcoin till this month of April, I will advice you to release the Bitcoin for sale because the price of Bitcoin has returned back to $71,231 which nobody know what will happen any moment from this week whether it will increase higher or decrease lower. If you purchase the Bitcoin you are holding right now with huge amount of money when the price was very low, I think you will help your family to solve all those issues that is affecting your family financially and materially when you finally release your Bitcoin.


Title: Re: Can I really hold onto my bitcoins in the future?
Post by: cryptoWODL on April 01, 2024, 07:07:52 AM
Now the bitcoin market has increased a lot, should I sell my bitcoins? I will use it in a small business. Should I be given more time for the job? I have to take a decision in the next two months. Experienced members of the forum give me some advice what should I do.
Yes Bitcoin price has gone up now $70k but in the next 23 days or so after the halving it will increase more. Be patient. You say you have two months to make a decision,the halving even is in less than two months. You can make you decision to sell after the halving if you haven't gotten any employment then.

Another suggestion for you while you wait is to try out odd jobs. They may not bring in big bucks but it is something you can do in the mean time while you wait to get employed or take the next decision after the halving.
There is no guarantee that bitcoin price will pump after bitcoin halving but there is a possibility so you cannot guarantee that bitcoin price will pump much after halving. Then it may happen that the price of Bitcoin will dump. Investment in Bitcoin is very profitable but long term investment and after investing in it you must accept that you have taken risk.  And here's where you might lose if you're a panic seller and you have to accept that too. so if op have the ability of long term holding then op can invest on bitcoin as soon as possible
What you said is also correct because none of us know if bitcoin price will increase after bitcoin halving. But we all have a positive thought about bitcoin halving is that after the halving the bullish season will start in the market then all cryptocurrency coins will increase in price. Maybe that will happen because we saw the initial bullrun in the market before the Bitcoin halving where the price of Bitcoin rose to great heights. Bullrun season starts all the coins increase in price since Bullrun will start after halving so it is sure that the price of Bitcoin will increase by a lot again.

You said before investing in bitcoin you have to accept that you take risk yes investment definitely involves risk but it is less and more. Bitcoin investment keeps people safe because investing in Bitcoin is less risky. But to invest in Bitcoin one must have enough patience and not to panic and sell the holding or investment even if the price of Bitcoin falls.


Title: Re: Can I really hold onto my bitcoins in the future?
Post by: Lida93 on April 02, 2024, 09:42:23 AM
Hello all forum members. I am new to this forum and this is my first post. I have been familiar with Bitcoin since 2019. In 2015, when I entered my Honors first year at university, my family situation was very bad financially. I told my family situation to the head of my university then sir gave me a job opportunity. In the house where Sir lives, he has a neighbor, an old woman lives there. The old woman's children lived abroad and had citizenship there. My job was basically shopping for him, withdrawing money from the bank, basically working as his runner.  He paid me $100 a month. I could save $30 dollars a month and put that money in the bank. The old lady died just three months before my honors final exams started. I worked under that old woman for three years and seven months. After completing the final exam, I was not sure what to do with the money, whether to keep it in the bank or not, then a friend of mine told me to invest the money in Bitcoin. I didn't think about it at first but I spent a month browsing the internet about Bitcoin. Later I became interested in Bitcoin. I withdraw my bank money and invest in Bitcoin. I don't know why I didn't sell Bitcoin when it reached its highest price.  Currently I am unemployed for three years after completing my studies. I am trying hard to find a job but luck is not helping me. I have two tuitions to support myself but it doesn't work like this, it has become very important for me to help my family. I don't know what to do now. Now the bitcoin market has increased a lot, should I sell my bitcoins? I will use it in a small business. Should I be given more time for the job? I have to take a decision in the next two months. Experienced members of the forum give me some advice what should I do.
I'll join the group of members that are encouraging you to give your investment more time since you endured from withdrawing it last year letting it to enter into 2024 you should exercise more patience as we are close to the halving which will increase your investment profit from what you currently have now. The long term holding of many bitcoiners if not all is projected towards the halving as bitcoin is more of an investment asset to it's adopters than a transactional currency for buying and selling.

The exception I can give against advising you from not selling at this period yet is if your situation is a life threatening situation and the urgency of it's requires immediate finance. It is under situation as such that I am not always against people withdraw I their bitcoin prematurely.


Title: Re: Can I really hold onto my bitcoins in the future?
Post by: AakZaki on April 04, 2024, 07:48:29 PM
Don't complicate your life too much with investments that you should use for urgent matters, because one of the goals of investment is to solve problems related to your finances. If you want to hold or sell Bitcoin, you can see what the situation is, whether you really have to sell it because you don't have income from other sources or there is still an opportunity to hold Bitcoin. or you can just take a few percent and leave the rest for the long term. all your decisions are in your hands, investing requires you to be selfish.


Title: Re: Can I really hold onto my bitcoins in the future?
Post by: The Cryptovator on April 04, 2024, 08:56:42 PM
For me, if this is the situation where I can start a small business and support my family by selling bitcoin, then most probably I would sell it. Bitcoin is for life, not for lifetime holding. After starting a business, I will try to buy back Bitcoin again through the DCA strategy from my business profits. So I can support my family and accumulate as well. If you can't trade Bitcoin and make money, then for survival, you need a real-life business or job. Otherwise, life will be like hell. Now you have to make decisions based on the circumstances. We don't know your real situation, actually. 


Title: Re: Can I really hold onto my bitcoins in the future?
Post by: Saint-loup on April 04, 2024, 09:48:53 PM
If you need money, you will have to sell some part of your bag, because you can't buy many things with BTC. So you won't be able to hold your bag for long time if it's true. In addition, that's not a good game plan and not very rational to be honest, to put your money into a long term investment if you need some profits quickly, especially if you need this money to live and you can't afford to lose it. Bitcoin is a highly volatile, it won't always go higher, it will go down and you'll certainly have to sell parts of your bag at the lowest prices in those circumstances.


Title: Re: Can I really hold onto my bitcoins in the future?
Post by: Viscore on April 04, 2024, 09:56:45 PM
You mentioned you were unemployed at the moment and helping out yourself and your family has become quite difficult. If you’re really in a fix and you’ve got some bitcoin holding, you could sell off some of your assets to get yourself together.
You’ve got to examine your finances; knowing if you could hold off on selling your bitcoins till later on this year. You mentioned you’ve got two months before you take a decision. You could always continue job hunting while holding onto your coins. If the situation doesn’t improve, then you could sell off some of your coins to help pay for yours and the needs of your family.
Selling bitcoin at such reasonable purpose, then it’s not bad at all. However, if you’re on the doubt if bitcoin won’t be reliable in the future, and you have tight funds at the moment, then I suggest don’t force yourself to invest, you will only struggle for your funds later on. Know when to invest and when not to, so you won’t regret taking such decisions not on your own will.


Title: Re: Can I really hold onto my bitcoins in the future?
Post by: freedomgo on April 04, 2024, 10:58:43 PM
You can sell your Bitcoin if you are very okay with the current price in the market, because the bullish season is still on ground and it will make that Bitcoin to bring huge amount of income that will help you to establish another business that will make you to have different sources of income, which is everyone dream. Don't let anything stop you not to purchase Bitcoin when the price decrease in the future, because if you are not careful, family issues can make you to spend everything and when the bearish season come nothing to invest which is a bad attitude. I will advice you not to quit that your job that is giving you some money monthly, so that when there is a long bearish season you will be using the salary to do other things to solve your family issues, and then continue holding your Bitcoin.
Selling bitcoin when it’s genuinely needed is always a valid reason. Probably, that’s also one reason why we should learn to invest. However, in your position right now, if you are really struggling for finances, then you can always sell your coins while the price is still high. Remember that bitcoin will not run out of opportunities to invest, just buy back again when you have a stable job already and earned extra money for investment. For now, focus first on your daily survival, investment will come later on.


Title: Re: Can I really hold onto my bitcoins in the future?
Post by: QueenSk on April 04, 2024, 11:11:35 PM
About three years ago when I found out about Bitcoin, I didn't know anything about it. One of my friends advised me that you should invest whatever money you have in Bitcoin and In the future you will get good returns.
When I first bought Bitcoin, the price of Bitcoin was $35k. Suddenly, within a few weeks, Bitcoin dropped and went down to $16k.
Then I was very worried and angry with my friend that why he gave me such advice then I fought with him and he said if you follow my advice then buy more bitcoin from here. Put whatever investment you have into Bitcoin. Back then, I thought his advice was nothing but crazy, however, I had no other option but to buy more bitcoins and cover my losses by taking a small profit.

And I can call it my luck that I bought Bitcoin at that time and six months ago I sold a lot of bitcoins.
I still have a very small number of bitcoins that I would never want to sell even if Bitcoin goes down I will still have them because I don't think Bitcoin will ever go down that much. I wish I could buy it again at the same price
So my advice to you is that if you need to sell half of your Bitcoin or something, save some money for the future, as predictions are being made, Bitcoin will go up a lot. So if you have some money left, it will give you double the profit.


Title: Re: Can I really hold onto my bitcoins in the future?
Post by: Kelvinid on April 04, 2024, 11:44:39 PM
I won't force you OP to hold your Bitcoin forever but rather encourage you to have some trust. Because if you have trust in Bitcoin, it also drives your mind to think positively and eliminates worries in your mind. Don't be like those people who are still uncertain about their decisions and don't be like those people who buy now and sell after a few days after having some price corrections. That kind of action will never have a successful journey but a failure.
Even though can't hold longer at least you are not selling because you are panicking and worried about the incoming. Instead, you sell them because you hit your target price already.


Title: Re: Can I really hold onto my bitcoins in the future?
Post by: Maslate on April 04, 2024, 11:51:51 PM
You mentioned you were unemployed at the moment and helping out yourself and your family has become quite difficult. If you’re really in a fix and you’ve got some bitcoin holding, you could sell off some of your assets to get yourself together.
You’ve got to examine your finances; knowing if you could hold off on selling your bitcoins till later on this year. You mentioned you’ve got two months before you take a decision. You could always continue job hunting while holding onto your coins. If the situation doesn’t improve, then you could sell off some of your coins to help pay for yours and the needs of your family.
You are right here. Don’t be too greedy holding your bitcoin when your life is already at mess seeing you struggle a lot in your finances. Prioritize the needs of your family first, and since you still haven’t got a job, then don’t hesitate to sell your bitcoin. You can always reinvest in another time, but you can’t delay the basic needs of your family. So never doubt selling your bitcoin if it will save your problem at the moment.


Title: Re: Can I really hold onto my bitcoins in the future?
Post by: Baki202 on April 05, 2024, 11:35:29 AM
Currently I am unemployed for three years after completing my studies. I am trying hard to find a job but luck is not helping me. I have two tuitions to support myself but it doesn't work like this, it has become very important for me to help my family. I don't know what to do now. Now the bitcoin market has increased a lot, should I sell my bitcoins? I will use it in a small business. Should I be given more time for the job? I have to take a decision in the next two months. Experienced members of the forum give me some advice what should I do.


Jobs are hard to find these days and in countries like ours, after spending too many years in school due to strikes and the rest, your employees still expect you to have work experience, How is that even possible? and it is painful after going to school and not finding a job, If you are the first child, then there are a lot of expectations coming from your parents and your siblings. And if you are asking when to sell your bitcoin, I don't think this is the best place to ask. It is your asset you can decide to sell it when you want to, you don't need anybody's opinion. If you feel you have made a profit, then you can sell and take care of your needs.

I'll always choose the market over my personal jobs because there's no breakthrough in the real job, only committed to be under some random individuals who doesn't care about your best. We should be given the best advices because we need it to push forward in the system. I've never hold back from providing aides and in sectors I'm acquainted with. OP, you have everything within possession to make advance steps in life. There's no better feeling than been independent in the space, not working or having a boss. I know it's been really way out of plan but we have no choice than to settle for what we're seeing with our very naked eyes.
what the market gives you I don't think any job will give you that except you a politician in my country or a CEO in a big company and even politicians because of their looting, having a job does not prevent anyone from using the market you can use the market as an additional hustle. and if they are given advice we should know the kind of advice we are going with so that we do not follow the wrong advice. and having a job and investing makes a lot of sense because you go out and when you come back from work you focus on the market in the event or when you out relaxing, both of them will not interfere with how you are leaving your life.


Title: Re: Can I really hold onto my bitcoins in the future?
Post by: qwertyup23 on April 05, 2024, 05:55:30 PM
Now the bitcoin market has increased a lot, should I sell my bitcoins? I will use it in a small business. Should I be given more time for the job? I have to take a decision in the next two months. Experienced members of the forum give me some advice what should I do.

BTC halving is coming and if you would base it on its price history, there is a trend that the price may skyrocket after the said halving.

Now, remember that BTC is an investment- meaning, they are money in which you should use if you are financially challenged. If you have BTCs currently, use and convert them to your local currency so you could at least mitigate the problem you are facing.

You mentioned you were unemployed at the moment and helping out yourself and your family has become quite difficult. If you’re really in a fix and you’ve got some bitcoin holding, you could sell off some of your assets to get yourself together.
You’ve got to examine your finances; knowing if you could hold off on selling your bitcoins till later on this year. You mentioned you’ve got two months before you take a decision. You could always continue job hunting while holding onto your coins. If the situation doesn’t improve, then you could sell off some of your coins to help pay for yours and the needs of your family.
You are right here. Don’t be too greedy holding your bitcoin when your life is already at mess seeing you struggle a lot in your finances. Prioritize the needs of your family first, and since you still haven’t got a job, then don’t hesitate to sell your bitcoin. You can always reinvest in another time, but you can’t delay the basic needs of your family. So never doubt selling your bitcoin if it will save your problem at the moment.

I definitely agree with your statements.

Again let me reiterate, what is the point of an investment if you are not going to use it when the price matures already? The purpose of an investment is for long-term profit. But if you are struggling financially, then feel free to convert your coins to your local currency. Treat it as your emergency funds/money which should be use for helping you.


Title: Re: Can I really hold onto my bitcoins in the future?
Post by: |MINER| on April 05, 2024, 09:26:37 PM
The biggest obstacle to holding Bitcoin is going to be these emergency situations.  And I think we should invest as much of our funds as we have the ability to lose, be it Bitcoin or some other alternative crypto currency. I will tell you if you are in profit and you need that bitcoin fund to cover your emergency I will not sell you now. I will tell you to sell your fund to cover your emergency situation for now and later invest a certain percentage of your income for long term holding using DCA method.


Title: Re: Can I really hold onto my bitcoins in the future?
Post by: SATWAT on April 05, 2024, 09:36:28 PM
The biggest obstacle to holding Bitcoin is going to be these emergency situations.  And I think we should invest as much of our funds as we have the ability to lose, be it Bitcoin or some other alternative crypto currency. I will tell you if you are in profit and you need that bitcoin fund to cover your emergency I will not sell you now. I will tell you to sell your fund to cover your emergency situation for now and later invest a certain percentage of your income for long term holding using DCA method.
I agreed about this all with having emergencies mostly ruin savings and many other things which was set just for the better future I am personally having things like these, and now I am not doing anything which create problems for me, so now I am changing my way of saving and investing as well because I have feeling if I will be not able to handle things on better way then surely I can face deep trouble so better now first set things which are more important and then jump into this investing which is also better but still needs just money which is not usable for me in long run otherwise I have face consequences of I already have in my life.


Title: Re: Can I really hold onto my bitcoins in the future?
Post by: Volimack on April 06, 2024, 06:31:05 AM
You can hold bitcoin for future but one thing to remember is that you can never deal with emergency with bitcoin. Bitcoin long term investment gives good profit to wait for it. Invest according to your financial capacity Don't rely entirely on investments have other sources of income to meet emergencies. It will be easier to protect the funds if you have to invest a fair amount of your income source.


Title: Re: Can I really hold onto my bitcoins in the future?
Post by: Belarge on April 06, 2024, 01:03:08 PM
You can hold bitcoin for future but one thing to remember is that you can never deal with emergency with bitcoin. Bitcoin long term investment gives good profit to wait for it. Invest according to your financial capacity Don't rely entirely on investments have other sources of income to meet emergencies. It will be easier to protect the funds if you have to invest a fair amount of your income source.
We don't settle for lesser results, holding bitcoin for longterm shouldn't be a problem for us because what's coming is bigger than the available ones around.nBitcoin is the top ranking project in the space, an easy access to grant huge profits for those category of investors that basically knows how the market operates and they worked accordingly to the available methods available. Bitcoin long-term investment are the necessary solid ground to consider and not some random scalp that's never important or consider useful in the first place.


Title: Re: Can I really hold onto my bitcoins in the future?
Post by: CageMabok on April 06, 2024, 02:12:37 PM
You can hold bitcoin for future but one thing to remember is that you can never deal with emergency with bitcoin. Bitcoin long term investment gives good profit to wait for it. Invest according to your financial capacity Don't rely entirely on investments have other sources of income to meet emergencies. It will be easier to protect the funds if you have to invest a fair amount of your income source.
If the emergency situation can still be met with other income or by increasing the amount of income through other work, I don't think this will be difficult enough for those who like to save Bitcoin in the long term by considering it as an investment for the future. The opinion you put forward is also quite reasonable because the goal is to be able to earn other income in order to maintain our own investment in the long term. But emergency situations can always be handled well if someone still has a source of income every month, because we don't have to use all the money we get to buy Bitcoin, although that's not wrong for everyone to do.


Title: Re: Can I really hold onto my bitcoins in the future?
Post by: stadus on April 06, 2024, 08:34:04 PM
You can hold bitcoin for future but one thing to remember is that you can never deal with emergency with bitcoin. Bitcoin long term investment gives good profit to wait for it. Invest according to your financial capacity Don't rely entirely on investments have other sources of income to meet emergencies. It will be easier to protect the funds if you have to invest a fair amount of your income source.
You can hold some of your bitcoin and sell some of them while you are still in search of a decent job, that way, you can be able to help your family since they are struggling economically. Hodling may provide significant profits in the future but know that you can’t completely rely on it for your source of income or for daily survival. Once you hold, that means you won’t touch your bitcoin investment, so invest only on your spare money, not totally your hard-earned funds, otherwise you will struggle more in your finances while waiting for bitcoin price to reach its all time high.


Title: Re: Can I really hold onto my bitcoins in the future?
Post by: Cityhunter34 on April 07, 2024, 03:16:59 AM
Hello all forum members. I am new to this forum and this is my first post. I have been familiar with Bitcoin since 2019. In 2015, when I entered my Honors first year at university, my family situation was very bad financially. I told my family situation to the head of my university then sir gave me a job opportunity. In the house where Sir lives, he has a neighbor, an old woman lives there. The old woman's children lived abroad and had citizenship there. My job was basically shopping for him, withdrawing money from the bank, basically working as his runner.  He paid me $100 a month. I could save $30 dollars a month and put that money in the bank. The old lady died just three months before my honors final exams started. I worked under that old woman for three years and seven months. After completing the final exam, I was not sure what to do with the money, whether to keep it in the bank or not, then a friend of mine told me to invest the money in Bitcoin. I didn't think about it at first but I spent a month browsing the internet about Bitcoin. Later I became interested in Bitcoin. I withdraw my bank money and invest in Bitcoin. I don't know why I didn't sell Bitcoin when it reached its highest price.  Currently I am unemployed for three years after completing my studies. I am trying hard to find a job but luck is not helping me. I have two tuitions to support myself but it doesn't work like this, it has become very important for me to help my family. I don't know what to do now. Now the bitcoin market has increased a lot, should I sell my bitcoins? I will use it in a small business. Should I be given more time for the job? I have to take a decision in the next two months. Experienced members of the forum give me some advice what should I do.
For me, I think you should not sell it, because the way Bitcoin is going I think any one that accumulate Bitcoin before now in his portfolio is going to smale at the end, but one thing I see  in investment is that before someone could think of investing in Bitcoin,one suppose to have another source of income so that Incase of a any imagency, so that you be can able to manage your self with out touching your investment in your portfolio..


Title: Re: Can I really hold onto my bitcoins in the future?
Post by: CryptoHeadlineNews on April 07, 2024, 08:43:19 PM

Now the bitcoin market has increased a lot, should I sell my bitcoins? I will use it in a small business. Should I be given more time for the job? I have to take a decision in the next two months. Experienced members of the forum give me some advice what should I do.
To be frankly speaking, if you can equally live two good complete months without you selling your Bitcoin, then it actually means you don't need this your Bitcoin in other to survive, because if it's just 30% of the $100 you said you were been paid for the part-time job you said you were doing for 3 years that you had invested in Bitcoin, I'm sure by normal calculation, the money would have been roughly $30 x 36 = $1080. And if by virtue this was the amount you had before the recent BTC pump in price this year, then I'm sure you should be having approximately $2000, which is still not bad, if you can use half the money for a little side hustle, why you save the other half for the fourth coming bull round.


Title: Re: Can I really hold onto my bitcoins in the future?
Post by: fullhdpixel on April 08, 2024, 12:08:03 PM
Don't complicate your life too much with investments that you should use for urgent matters, because one of the goals of investment is to solve problems related to your finances.
That's what most people don't understand when they are making investments in cryptocurrencies. They don't think about the money they are using for their investments because they have heard that Bitcoin and cryptocurrencies generate profit on investments and they rushed to the market to make their investments, but they aren't told the downsides of the market that might not make someone lose money but it can surely make them lose time.

Bitcoin and cryptocurrencies move in a cyclical movement pattern which means there are two sides of the market, one is the bear market and the second one is the bull market. Now people who refer new investors to the market don't tell them these things in detail, so they don't know that their investment can sometimes take years to yield them profit.


Title: Re: Can I really hold onto my bitcoins in the future?
Post by: Crypto Library on April 08, 2024, 06:32:04 PM
<✂✂✂✂✂✂✂✂✂✂✂✂✂✂✂✂✂✂✂✂✂✂✂✂✂✂✂✂✂✂✂✂✂✂✂✂✂✂✂✂✂✂> I have two tuitions to support myself but it doesn't work like this, it has become very important for me to help my family. I don't know what to do now. Now the bitcoin market has increased a lot, should I sell my bitcoins? I will use it in a small business. Should I be given more time for the job? I have to take a decision in the next two months. Experienced members of the forum give me some advice what should I do.
You can, If you are not at a loss then I think you should sell your bitcoin and you can start a small business to help your family. And I also think that from 100$ dollar if you wait for one more year then you can make profit likely 2x or 3x even then 300$ is not much thing I think you should start a business if you don't have any other options. If you don't use your funds in an emergency situation, when will you use those funds? For your situation I think holding is not a big deal you should start business I hope you will able to have more holding in future more than current.


Title: Re: Can I really hold onto my bitcoins in the future?
Post by: Adbitco on April 08, 2024, 07:26:07 PM
There is one thing you must know about bitcoin investment and doing small scale business as you wanted if you want to keep monitoring your bitcoin then I will advice to do DCA to increase your bitcoin holding with this you can make more profits, but if you totally think that you have hold upto the maturity level you think you want then you can sell off and put the money into physical business that you want to run for yourself. As popularly said do not put your eggs in one basket because when the market drops more than your expectation it gives you blood pressure you are thinking of selling out your total holding for real life business and there no law that holds you not to sell of your investment if you want, what matter is that you shouldn't sell of and start regretting tomorrow for not holding for years.


Title: Re: Can I really hold onto my bitcoins in the future?
Post by: Solokan on April 09, 2024, 01:56:21 AM
I hope you have to be patient with the situation that befell you and I also hope you get a good job soon.

with your situation of being unemployed for years is certainly not an easy thing to get through and I personally have also experienced being unemployed for years and how it feels to endure the pain of life but usually as long as we try as hard as possible we will get what we want.

op of course you have experience in the btc field even more than me because you have known btc since 2019 i don't think you need to regret because you didn't sell when the price of btc was high because of course the btc halving is only 11 days away and now the price of btc is also rising is in the $71k range.

I think you are still lucky because you invested in BTC and in my opinion, if for example you don't have a job then you can sell a little of your BTC for small business capital and if you have profits from your business and are interested of course you can buy BTC again using a little profit from the results of your small business and finally until you return to having BTC as before sale.

Of course BTC in the future has the potential to be higher in price but of course the decision is in your hands and you know the situation better about yourself and I hope you don't give up and keep up the enthusiasm.


Title: Re: Can I really hold onto my bitcoins in the future?
Post by: Bd officer on April 09, 2024, 05:19:45 AM
............
I don't know what to do now. Now the bitcoin market has increased a lot, should I sell my bitcoins? I will use it in a small business. Should I be given more time for the job? I have to take a decision in the next two months. Experienced members of the forum give me some advice what should I do.
OP you said you decided to do business by selling bitcoins. Bitcoin halving will happen soon so expect to see Bullran in 2025. If you can hold on to your investment till 2025, you can expect to reap more profits.

Since you will need money for your family needs, it will be better to sell bitcoins for doing business. Now if you have profit in investment then you can start business by selling bitcoins. If you can make a profit from the business in the future, you can invest in Bitcoin again at some point. Now you consider which would be better.


Title: Re: Can I really hold onto my bitcoins in the future?
Post by: HajiBagi on April 09, 2024, 07:32:50 AM
I can't really offer you much advice because it all depends on your current circumstances. You can't hold bitcoin and still be in pain with your family, even though holding onto it will help you because it will grow in value over time. At this point, however, you can sell your bitcoin and use the proceeds to launch a business. You can also use a different strategy by selling some of your bitcoin but not all of it, giving you hope that you will be holding onto it for the future. You made a wise choice as a student by investing in bitcoin, and I think you will now make a lot of profit if you decide to sell it. No matter what happens in life, try to be content before doing anything else.

Since your only source of income is bitcoin, I would advise you to sell it and launch a different business to support your family first. If the new venture is successful and generates income, you can then use that money to invest in bitcoin. As an added bonus, you can use the proceeds to support your family in the future.


Title: Re: Can I really hold onto my bitcoins in the future?
Post by: AirtelBuzz on April 09, 2024, 07:42:08 AM
I think it is possible to hold unto your Bitcoin into the future even up to a decade if you may.
I have read posts here that talk about holding or accumulation of Bitcoin for a long time until one decides he/she wants to sell them or withdraw it or invest the Bitcoin to buy other altcoins and shitcoins.
You just have to be more consistent in this forum to learn how to safely do it and the needed tools to attain that goal.
How long a person will hold his invested bitcoins depends on his investment strategy. There are many investors who invest short term and invest long term. But those who are true bitcoin investors and who want to hold a large amount of bitcoins opt for long-term investments.

You mentioned that after reading the posts here, you found out that most investors advise holding Bitcoin for the long term. Yes they are right because if bitcoin investment is not held for a long period of time you will not get proper profit from your investment. Moreover, the more knowledgeable you are about investing, the more profitable you will be in your investment or the more successful you will be.


Title: Re: Can I really hold onto my bitcoins in the future?
Post by: DubemIfedigbo001 on April 09, 2024, 05:04:12 PM
You say you have two months to make a decision,the halving even is in less than two months. You can make you decision to sell after the halving if you haven't gotten any employment then.
I think you shouldn't be in a hurry to sell now, irrespective of the challenges, try getting an odd job to complement your earnings. You've had in your mind that selling your investment is an option to solve your family needs and as such had some level of laxity on your serious job pursuits, knowing fully well that there's a backup somewhere which is your fallback plan.  This route I actively discourage you to take.

Its not too late, you can still condition your mind that your holdings isn't an option to solve present needs and strive hard to meet your needs with other positive means necessary, this will work out for you.

I will tell you a short story. A year ago, I was considering relocation from my current place of stay because my IT skills were not very much in demand there. I had a friend which after selling him a software solution for his company,  he queried why I intended relocating with the beautiful handwork that I had. I gave him the lame reason mentioned above and he reprimanded me with the following words. "You're the problem because you've not determined to make it here with your talents and intelligence, your considering other options, and if you decide to stay here and give in your best to make it, I'm sure you will". That night I decided that I'll not run away from the problem, but solve it and excel. Today almost 13 months later, I have clients and most of them are from my colleagues who relocated. They direct all their clients to me the last man standing.

You've two months to make a difference and I encourage you to make the decision of not tampering with your coins  today and work in that direction, give it your all and nature will comply with the solution to support your decision.


Title: Re: Can I really hold onto my bitcoins in the future?
Post by: aoluain on April 09, 2024, 05:29:25 PM
............
I don't know what to do now. Now the bitcoin market has increased a lot, should I sell my bitcoins? I will use it in a small business. Should I be given more time for the job? I have to take a decision in the next two months. Experienced members of the forum give me some advice what should I do.
OP you said you decided to do business by selling bitcoins. Bitcoin halving will happen soon so expect to see Bullran in 2025. If you can hold on to your investment till 2025, you can expect to reap more profits.

Since you will need money for your family needs, it will be better to sell bitcoins for doing business. Now if you have profit in investment then you can start business by selling bitcoins. If you can make a profit from the business in the future, you can invest in Bitcoin again at some point. Now you consider which would be better.

I agree about the Bull run into 2025, this follows historical post halving Bitcoin market movements
and most likely will happen again.

I don't know what to do now. Now the bitcoin market has increased a lot, should I sell my bitcoins? I will use it in a small business.

The OP has to ask the question, am I going to make more money working to develop a new business
or make more profit by riding the post halving bull run?

If it was my decision I would keep my Bitcoin.

With a new business the OP can expect to have setup costs, I'm my mind this is a double step back,
liquidating a valuable asset in order to spend the FIAT in something which has a gray future, 
personally I would be wary of setting up a business.

In my country there is a statistic that states 80% of new start up's dont make it !



Title: Re: Can I really hold onto my bitcoins in the future?
Post by: Sanitough on April 10, 2024, 01:04:08 AM
You can hold bitcoin for future but one thing to remember is that you can never deal with emergency with bitcoin. Bitcoin long term investment gives good profit to wait for it. Invest according to your financial capacity Don't rely entirely on investments have other sources of income to meet emergencies. It will be easier to protect the funds if you have to invest a fair amount of your income source.
If the emergency situation can still be met with other income or by increasing the amount of income through other work, I don't think this will be difficult enough for those who like to save Bitcoin in the long term by considering it as an investment for the future. The opinion you put forward is also quite reasonable because the goal is to be able to earn other income in order to maintain our own investment in the long term. But emergency situations can always be handled well if someone still has a source of income every month, because we don't have to use all the money we get to buy Bitcoin, although that's not wrong for everyone to do.
Well, its really hard to cater to emergency situations if you don't have a stable job that pays you regularly. While bitcoin can be a good and profitable investment, but knowing its long term, you cannot rely on it completely 24/7. The best solution to this is find a real job that gives you a good amount of compensation. It may be hard for you to land at present but if you never stop looking for a job, you will definitely find a decent one in the long run. And still, continue to invest in bitcoin for long term. But I believe putting all your funds into a single basket is not good at all. Learn to diversify as well so that you will gain multi profits in different time.


Title: Re: Can I really hold onto my bitcoins in the future?
Post by: Gladitorcomeback on April 10, 2024, 09:46:09 AM
How long a person will hold his invested bitcoins depends on his investment strategy. There are many investors who invest short term and invest long term. But those who are true bitcoin investors and who want to hold a large amount of bitcoins opt for long-term investments.

I believe one should do both, take profit when the time is right and then keep holding the remaining assets for long term but holding forever doesn't sound like a great idea to me. I know that Bitcoin tends to grow higher in value over time but it doesn't mean we should avoid taking profits when the market peaks and then starts crashing because if you sell at the peak, you can buy again after the market crashes and enters the bear market.

With this strategy, one can earn more profit than just holding and not selling anything at all whether the market goes up to $100k and then goes back down to $30k which isn't wise in my opinion. If you sell at $100k, and then buy again at $30k, you will have more profit when it goes back above $100k in the next cycle.


Title: Re: Can I really hold onto my bitcoins in the future?
Post by: moneystery on April 10, 2024, 11:21:12 AM
it's your decision whether to sell your bitcoin or not, you should know which one is best for you. but if i were you, i would sell my bitcoin and choose to open a business, because the most important thing is how we can secure income first, the issue of investing in bitcoin is a later matter, the most important thing is how we can have income. moreover, if you already have income, later you can also reinvest in bitcoin and build your portfolio again.


Title: Re: Can I really hold onto my bitcoins in the future?
Post by: Natalim on April 11, 2024, 08:58:37 PM
Investing in Bitcoin is a good decision but you can't rely solely on this because this won't generate profit every day.
In order for you to help your family, better find a stable job while still investing just to support the daily expenses. Then it was not difficult for you to stay hold of your Bitcoin for a long time in this situation. I don't know what advice your friend gives you but whatever it is, you need to think it wisely before making a decision. Don't rush in making a decision, you can also ask your parents as well as it will be good when everyone in your family is involve.


Title: Re: Can I really hold onto my bitcoins in the future?
Post by: Dewiana on April 11, 2024, 10:48:30 PM
It depends on your situation and the scenario playing around you right now. If you can wait for some months without it affecting your daily needs, then it is better to wait than rushing to sell your bitcoin. This is because after the halving we are still expecting a higher price than this. Bitcoin price peak which will be the recorded as ATH for this circle will be next year.

On the other hand, if you don't have any means of surviving, and it is a must for you to sell your bitcoin to survive, it is better that you sell it to survive, than hodling it so that you don't die and live your bitcoin investment. You should also take note that for you to be able to hodli your bitcoin investment for a long period of time, you must have means of income, so that situations like this, selling your bitcoin will not only be the option.

It may or may not be, we have to look at our financial condition first and also look at the graph of every day bitcoin movement, the current economic condition is that the average person doesn't save money for long because spending needs are high so if there is a set of bitcoin it will also increase. sold even if not all at once, this is different from people who have more savings so they can still postpone their assets first, because they still have a lot of daily needs and bitcoin is also saved and will likely double. Bitcoin is a future asset, it is predicted that in 2025 there will be an extraordinary increase of up to two billion


Title: Re: Can I really hold onto my bitcoins in the future?
Post by: 2Pizza410000BTC on April 12, 2024, 06:59:40 PM
Now the bitcoin market has increased a lot, should I sell my bitcoins? I will use it in a small business. Should I be given more time for the job? I have to take a decision in the next two months. Experienced members of the forum give me some advice what should I do.
If you need a lot to sell right now you can sell your bitcoins but I don't know how much you bought bitcoins and how much you invested. But right now the market is around 70k if you want you can invest your bitcoins and if you can be patient for a while you can probably sell at a higher price because after some few days bitcoin will halve and the price will go up. Even then selling bitcoins is yours. Personal Decision You can sell according to your personal decision. But one thing should be remembered, if you can be patient for a few days, the result of patience will be very beautiful. Most people are not selling their investments right now because people are holding on for a year or a few years to see the next half and get a taste of the bull market after half. So hold off unless you need more I think you'll have more success.


Title: Re: Can I really hold onto my bitcoins in the future?
Post by: Porfirii on April 12, 2024, 07:11:04 PM
Now the bitcoin market has increased a lot, should I sell my bitcoins? I will use it in a small business. Should I be given more time for the job? I have to take a decision in the next two months. Experienced members of the forum give me some advice what should I do.
If you need a lot to sell right now you can sell your bitcoins but I don't know how much you bought bitcoins and how much you invested. But right now the market is around 70k if you want you can invest your bitcoins and if you can be patient for a while you can probably sell at a higher price because after some few days bitcoin will halve and the price will go up. Even then selling bitcoins is yours. Personal Decision You can sell according to your personal decision. But one thing should be remembered, if you can be patient for a few days, the result of patience will be very beautiful. Most people are not selling their investments right now because people are holding on for a year or a few years to see the next half and get a taste of the bull market after half. So hold off unless you need more I think you'll have more success.

Not even the most experienced users have a crystal ball and know what will happen in two months with the price, and on the other hand we don't know about your business plan and your skills to put it into action, so what you are asking is not only hard, but impossible IMO.

You should make an honest SWOT analysis and consider if you have more chances to succeed on your own than letting yourself be carried away by the bullish but ultimately uncertain market.


Title: Re: Can I really hold onto my bitcoins in the future?
Post by: macson on April 13, 2024, 09:38:34 PM
... I don't know what to do now. Now the bitcoin market has increased a lot, should I sell my bitcoins? I will use it in a small business. Should I be given more time for the job? I have to take a decision in the next two months. Experienced members of the forum give me some advice what should I do.
i give advice as a friend, improve your income first, then you can invest in bitcoin with peace of mind.

if your income only comes from bitcoin then it is wise enough for you to sell the bitcoin you currently have - open a business - then buy the bitcoin back using the DCA method after your business makes a profit, there are many people out there who don't understand the tricks of investing in bitcoin so they sell their assets, their house is just to buy bitcoin but in the end they actually lose because they have no income and have to sell the bitcoin they are holding to finance their living needs. 


Title: Re: Can I really hold onto my bitcoins in the future?
Post by: Zanab247 on April 17, 2024, 12:29:28 PM
Quote from: moneystery
it's your decision whether to sell your bitcoin or not, you should know which one is best for you. but if i were you, i would sell my bitcoin and choose to open a business, because the most important thing is how we can secure income first, the issue of investing in bitcoin is a later matter, the most important thing is how we can have income. moreover, if you already have income, later you can also reinvest in bitcoin and build your portfolio again.
He said, he need people advise so that he will know what to do with the money either to sell the BTC to start a small scale business or continue hodling the BTC till the actual time come before he can sell to use the profit to establish his purpose.

 If you visit market recently, you will not give him this advise because the price of BTC has dumped to $63k, which it will not give him the money that will reach him to achieve what he what from his hodling than to wait for the price to hit back to $70k before he can sell to make the profit.

I'm fully sure, that if anyone can buy BTC in the bear run and sell in the bull run he or she will surely make profits because people are buying BTC for profit purpose, which is very important to every hodlers.


Title: Re: Can I really hold onto my bitcoins in the future?
Post by: Ricardo11 on April 17, 2024, 02:50:36 PM
Investing in Bitcoin will be a really good decision for you. If you hold long term in Bitcoin you will get much better return in future. But you have to be fully prepared for the long-term hold. This requires a good source of income, so that you can keep your investment for a long time without any interruption. Remember that if the investment is not long-term, you cannot expect anything good from it.

Bitcoin price is very low right now, it is very good opportunity to buy Bitcoin. Please don't miss this opportunity, if you want to invest, invest now and don't rush to sell. In future it will give much better amount of returns.


Title: Re: Can I really hold onto my bitcoins in the future?
Post by: Smartvirus on April 17, 2024, 03:45:01 PM
... I don't know what to do now. Now the bitcoin market has increased a lot, should I sell my bitcoins? I will use it in a small business. Should I be given more time for the job? I have to take a decision in the next two months. Experienced members of the forum give me some advice what should I do.
i give advice as a friend, improve your income first, then you can invest in bitcoin with peace of mind.
It’s the first line to safety and having a peaceful investment and hodling strategy in this highly volatile space.

Most people come to Bitcoin with the sole idea of making money. They often take to the idea that their big bag would spawn from here and while that might be possible, it is still advised that you invest in Bitcoin with your spare money. That spare money have got to come from somewhere, some source that isn’t Bitcoin. This stresses the importance of having a some worth stable source of income that could fuel your Bitcoin investment.

It’s also the one means you could stay in the game longer and not be shaking by the various societal ills to the Bitcoin initiative and the troubles you would face as a person while doing your hodling.


Title: Re: Can I really hold onto my bitcoins in the future?
Post by: Hypnosis00 on April 17, 2024, 10:27:00 PM
Investing in Bitcoin will be a really good decision for you. If you hold long term in Bitcoin you will get much better return in future. But you have to be fully prepared for the long-term hold. This requires a good source of income, so that you can keep your investment for a long time without any interruption. Remember that if the investment is not long-term, you cannot expect anything good from it.
Just sounds easy if you have multiple sources of income but for those who are focused on Bitcoin investment, that is quite challenging. Well, if we really trust and believe that Bitcoin will continue to increase its price in the future, we can make it but if doubts have in our minds, that is somewhat impossible as I was sure that these investors will sell their Bitcoin when dips comes. 
Quote
Bitcoin price is very low right now, it is very good opportunity to buy Bitcoin. Please don't miss this opportunity, if you want to invest, invest now and don't rush to sell. In future it will give much better amount of returns.
$60k, $65k, or even $50k is not very low IMO. But as I've said, if you really have the trust, then take this opportunity. Just be sure that you are strong enough and committed to holding during bear season, not just too aggressive during Bullrun.


Title: Re: Can I really hold onto my bitcoins in the future?
Post by: Princess Leah on April 17, 2024, 11:44:10 PM

If you need a lot to sell right now you can sell your bitcoins but I don't know how much you bought bitcoins and how much you invested. But right now the market is around 70k if you want you can invest your bitcoins and if you can be patient for a while you can probably sell at a higher price because after some few days bitcoin will halve and the price will go up. Even then selling bitcoins is yours. Personal Decision You can sell according to your personal decision. But one thing should be remembered, if you can be patient for a few days, the result of patience will be very beautiful. Most people are not selling their investments right now because people are holding on for a year or a few years to see the next half and get a taste of the bull market after half. So hold off unless you need more I think you'll have more success.
According to his statemen, he worked for the old lady for three years and some months, and he made mention that he was saving $30 from a salary of $100 he earned monthly, if you do the maths $30 for a year would give you about $360 and for 3 years should be $1080 plus the few extra months he worked, which means he would've saved about $1200 or more back then.

 I believe he would've made a lot of profits which such amount invested in the previous halving but he made mention about not taking profits which means he invested with little knowledge about Bitcoin or so but since he talked about selling his coins currently I believe he most had invested more in Bitcoin over the years. But then I won't advise him to take profits currently since the halving is just some few hours away and he stands a chance to make more profit if he invest a huge amount of money now the price dropped.

 Therefore my advise to the OP is that he should take advantage of the current market and invest more if he got more spare cash or continue holding till after the halving then he could take profits when Bitcoin sets another all time high. The fact that most people are not selling but acquiring more shows that the they understand what they stand to benefit when Bitcoin sets another All time high.


Title: Re: Can I really hold onto my bitcoins in the future?
Post by: Y3shot on April 18, 2024, 11:11:13 AM
 Currently I am unemployed for three years after completing my studies. I am trying hard to find a job but luck is not helping me. I have two tuitions to support myself but it doesn't work like this, it has become very important for me to help my family. I don't know what to do now. Now the bitcoin market has increased a lot, should I sell my bitcoins? I will use it in a small business. Should I be given more time for the job? I have to take a decision in the next two months. Experienced members of the forum give me some advice what should I do.
Life is not supposed to be hard. If you have hodl bitcoin for sometime and you have made some good profit that can make you start a business  with why don't you sell atleast to make your condition better. The reason for hodling Bitcoin is to gain profit that can be of good financial increase to  your life. You don't need to hodl your bitcoin forever when things is difficult and not going smoothly for you. You have invested and you have made profit, then it will be better for you to start up something that can sustain and give you steady income.

After saving some money you realised from your business you  can decide to invest some in bitcoin by hodling. It is a good one that you invested in bitcoin and now you have made some profit that can be used to start up a project that will help you.


Title: Re: Can I really hold onto my bitcoins in the future?
Post by: I_Anime on April 18, 2024, 12:35:33 PM
Hello all forum members. I am new to this forum and this is my first post. I have been familiar with Bitcoin since 2019. In 2015, when I entered my Honors first year at university, my family situation was very bad financially. I told my family situation to the head of my university then sir gave me a job opportunity. In the house where Sir lives, he has a neighbor, an old woman lives there. The old woman's children lived abroad and had citizenship there. My job was basically shopping for him, withdrawing money from the bank, basically working as his runner.  He paid me $100 a month. I could save $30 dollars a month and put that money in the bank. The old lady died just three months before my honors final exams started. I worked under that old woman for three years and seven months. After completing the final exam, I was not sure what to do with the money, whether to keep it in the bank or not, then a friend of mine told me to invest the money in Bitcoin. I didn't think about it at first but I spent a month browsing the internet about Bitcoin. Later I became interested in Bitcoin. I withdraw my bank money and invest in Bitcoin. I don't know why I didn't sell Bitcoin when it reached its highest price.  Currently I am unemployed for three years after completing my studies. I am trying hard to find a job but luck is not helping me. I have two tuitions to support myself but it doesn't work like this, it has become very important for me to help my family. I don't know what to do now. Now the bitcoin market has increased a lot, should I sell my bitcoins? I will use it in a small business. Should I be given more time for the job? I have to take a decision in the next two months. Experienced members of the forum give me some advice what should I do.

Base on your write-up you where familiar with bitcoin since 2019, which would have be a nice year to start your Bitcoin hodling Journey, because at that time Bitcoin price was still very cheap compare to now which was around the price range of $3k . So by now you would be in nice profit as an early investor.

But sti it hasn't too late to start accumulating Bitcoin now , expecially now the halving is close and Bitcoin is going to drop in prices first before surging. And recently there are some evidence that the Bitcoin halving is really close which is the recent dips in price . So you can use this opportunity to be aggressive the way you can in your accummulating of Bitcoin while hodl. Just as others have said already after the halving they would be a nice increase in price in market , so hopping on now is still nice as bitcoin is still in its early stage.


Title: Re: Can I really hold onto my bitcoins in the future?
Post by: Awaklara on April 18, 2024, 12:54:59 PM

Base on your write-up you where familiar with bitcoin since 2019, which would have be a nice year to start your Bitcoin hodling Journey, because at that time Bitcoin price was still very cheap compare to now which was around the price range of $3k . So by now you would be in nice profit as an early investor.

But sti it hasn't too late to start accumulating Bitcoin now , expecially now the halving is close and Bitcoin is going to drop in prices first before surging. And recently there are some evidence that the Bitcoin halving is really close which is the recent dips in price . So you can use this opportunity to be aggressive the way you can in your accummulating of Bitcoin while hodl. Just as others have said already after the halving they would be a nice increase in price in market , so hopping on now is still nice as bitcoin is still in its early stage.
we don't know whether the impact of the Bitcoin halving will be as we expected. but to plan investment in Bitcoin, it is the most ideal long-term plan. If you want to enter now it might be a little confusing for beginners. because the price could decrease beyond the current price after the halving occurs. it can be after the pump or before.
If you want to start investing, it's better to be confident in your long-term plan. The halving is very close and it's not good to speculate following the market. just focus on holding our assets and plans.


Title: Re: Can I really hold onto my bitcoins in the future?
Post by: doomloop on April 19, 2024, 08:23:54 AM
Base on your write-up you where familiar with bitcoin since 2019, which would have be a nice year to start your Bitcoin hodling Journey, because at that time Bitcoin price was still very cheap compare to now which was around the price range of $3k . So by now you would be in nice profit as an early investor.

But sti it hasn't too late to start accumulating Bitcoin now , expecially now the halving is close and Bitcoin is going to drop in prices first before surging. And recently there are some evidence that the Bitcoin halving is really close which is the recent dips in price . So you can use this opportunity to be aggressive the way you can in your accummulating of Bitcoin while hodl. Just as others have said already after the halving they would be a nice increase in price in market , so hopping on now is still nice as bitcoin is still in its early stage.
I think one shouldn't be too aggressive when they are buying Bitcoin even if the price drops because the price of Bitcoin is unpredictable and we can't know whether it has already dropped enough or it will drop further, so one should always be moderate with their purchases so that they can buy more if the price dips more after their first purchase. So, I think the DCA method is the best if someone wants to make an entry into the market even at the current price.

It's never too late but only if you are making a long-term investment which means that you have planned to keep your Bitcoins for years to come and even if the price doesn't go to a point where you feel satisfied with the profits, you are completely okay with holding them for the next bull run.


Title: Re: Can I really hold onto my bitcoins in the future?
Post by: Kristiyana on April 19, 2024, 09:41:55 PM
Base on your write-up you where familiar with bitcoin since 2019, which would have be a nice year to start your Bitcoin hodling Journey, because at that time Bitcoin price was still very cheap compare to now which was around the price range of $3k . So by now you would be in nice profit as an early investor.

But sti it hasn't too late to start accumulating Bitcoin now , expecially now the halving is close and Bitcoin is going to drop in prices first before surging. And recently there are some evidence that the Bitcoin halving is really close which is the recent dips in price . So you can use this opportunity to be aggressive the way you can in your accummulating of Bitcoin while hodl. Just as others have said already after the halving they would be a nice increase in price in market , so hopping on now is still nice as bitcoin is still in its early stage.
I think one shouldn't be too aggressive when they are buying Bitcoin even if the price drops because the price of Bitcoin is unpredictable and we can't know whether it has already dropped enough or it will drop further, so one should always be moderate with their purchases so that they can buy more if the price dips more after their first purchase. So, I think the DCA method is the best if someone wants to make an entry into the market even at the current price.

It's never too late but only if you are making a long-term investment which means that you have planned to keep your Bitcoins for years to come and even if the price doesn't go to a point where you feel satisfied with the profits, you are completely okay with holding them for the next bull run.

You're absolutely right,had it been he started bitcoin investment then, and also been patient to hold on to it till this time that the price of bitcoin has gone this  far, just imagine how much profit he's going to make. That is why sometimes is good to make a trial  More especially in terms of crypto and also in other aspect. there was This saying that trial lead to success, had it been you invest with a little amount that you know you can afford even if you lose, I'm pretty sure that he would have been in a better position by now.


Title: Re: Can I really hold onto my bitcoins in the future?
Post by: MrNata on May 06, 2024, 10:40:22 AM
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There are many more, I sincerely regret that I could not name all of them. Thank you all from me. You all have given me important suggestions as to what my next steps should be with Bitcoin. What everyone has said here has inspired me a lot. I got to know a lot, learn and understand that in which direction I should actually move in the future, I have to make a decision very quickly.