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July 13, 2024, 07:44:09 PM *
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1  Other / Beginners & Help / Re: Introducing myself on: July 12, 2024, 05:47:22 PM
Hi all,

Thanks for the great replies. I've been made to feel very welcome here  Smiley  I really should have signed up sooner.

There have been some great comments. I noticed a few comments about me exiting btc. To be honest it's been a rollercoaster, especially going through some significant dips. The phrase 'if in doubt, zoom out' definitely applies here. When I bought my btc would you believe I was kicking myself for missing the ATH of 19.2K in December 2017. From the dip that followed I decided to just throw all of my savings into btc as bank interest rates were so low, and leave my btc in cold storage.

Fast forward to today and I think I'm at the stage that I would like to take some profits. If I'm honest it's performed better than I could have expected and I believe it will continue to do so. Sure the cycles may smooth out a bit and be less volatile but I think bitcoin has a lot of head room left.

I do feel I could have been a lot smarter with my btc and made use of the dips etc but thats all hindsight. I'm by no means a trader and I don't have a whole lot of understanding of the markets. If I'm honest I'm sometimes surprised at the type of news that can make moves in btc markets.

When I purchased my bitcoin I remember it being mentioned in media because of the halving. I also remember making my first purchase at the time wasn't so simple. It's certainly got easier now.  Also at the time it was the fact that savings accounts interest rates were so low it made sense. I also don't mind risk. I don't mean risk of losing money but simply having to wait longer than expected for a market to reverse bearish momentum. I feel the worse thing people do is see a dip, panic and cash out only to find btc recovering and surpassing the previous price.

I'm actually exiting into an asset rather than converting to fiat. Although I will need it in fiat for a very short time. The thought of cashing out fully makes me sad as it's a very exciting space. I feel we have lots more to come. I think somewhere in some wallet I will still be holding some btc. Maybe my initial input. I'll just take out my profits.

2  Other / Beginners & Help / Introducing myself on: July 12, 2024, 10:27:55 AM
Hi,

I've been a long time lurker here but really thought I should setup a login. I've held bitcoin since 2016 just after the halving. I'm hoping we have some exciting times ahead. I managed to use the last halving to accumulate a bit and I've hodled ever since.

I think the end of 2024 will be interesting time, and will hopefully cement some good profits for us all.

I do have a plan for my bitcoin and it's looking like the next bull cycle ath may be my exit from the space. Although having said that I would like to keep a some btc.

For the future of bitcoin I hope the space becomes more resilient and we see less issues like Mt Gox etc. I also hope to see more people adopting bitcoin but for the moment a lot of people just don't understand it.



 



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