Bitcoin Hold

[HenriqueBTC]

Hello, I´m 13 and I´m very interested in Bitcoin, because of this I buy BTC. Actually, I've been studying BTC for over a year to invest. Back to the subject, I buy BTC for 9.200 dollars, and I would like to know if you think it´s a good ideia hold btc until it reaches 20.000. Anyway, for now i´m going to wait btc until it reaches in 20.000 for me to sell. What do you think about my opinion?

[AB de Royse777]

Hello, I´m 13 and I´m very interested in Bitcoin, because of this I buy BTC. Actually, I've been studying BTC for over a year to invest. Back to the subject, I buy BTC for 9.200 dollars, and I would like to know if you think it´s a good ideia hold btc until it reaches 20.000. Anyway, for now i´m going to wait btc until it reaches in 20.000 for me to sell. What do you think about my opinion?

If you really are 13 years then you are very lucky here among a lot of us. I have nothing to say you about the Bitcoin you bought (HODL or sell) but I am glad that we have such younger people interested in Bitcoin. Whatever you do with your Bitcoin, my only suggestion is for you that follow this topic: https://bitcointalk.org/index.php?topic=178336.0 (Wall Observer BTC/USD - Bitcoin price movement tracking & discussion).

Active the email notification of that topic and follow those experts on that topic. You will not need to wonder around in this whole forum.

Good luck.

[sunsilk]

It means that your target price is $20k which is a very popular amount because we've reached that last 2017. You are too young and you're exploring very well at your early age, you're doing good don't be just too emotional if the price goes under $9200.

I'm worried on how you are keeping your bitcoins now? where you have keep them? on a hardware wallet?

[eternalgloom]

How much money are you actually looking to spend and what would happen if you lost everything?
One piece of advice, do not believe in any price predictions, no-one can ever know for sure if you're going to make profit or not.

For all we know, the price drops back to $2000 tomorrow. Sure, it's unlikely, but it can always happen.

My suggestion would be to just start slowly accumulating BTC and keep it regardless of what the price does.
Only spend whatever money you can lose and do it with the permission of your parents of course. Maybe even involve them in the process and try to explain it to them.

Now, I don't know how you've gotten that money, but I highly suggest using money you've actually worked for (if that's an option, since you're only 13).
The reason why I'm saying this, is because that way, you would generally be a little bit more careful about investing it. It's pretty painful to lose money you've worked hard for, so you'd be more careful with it.

I assume you already know not to keep money on exchanges? What kind of wallet would you be using?
Make sure there's no malware on your PC & only use trusted exchanges.

[xenxen]

you're to young to learn about bitcoin and thats great in that age more explore and at the age of 20 and up your rich... about your opinion that exactly right if you dont know how to trade much better to keep it in secure wallet and wait for your targeting price thats good...

[Baofeng]

Hello, I´m 13 and I´m very interested in Bitcoin, because of this I buy BTC. Actually, I've been studying BTC for over a year to invest. Back to the subject, I buy BTC for 9.200 dollars, and I would like to know if you think it´s a good ideia hold btc until it reaches 20.000. Anyway, for now i´m going to wait btc until it reaches in 20.000 for me to sell. What do you think about my opinion?

I'm quite amused that you where able to find bitcoin and invest on it when the price is still at the 4 digits. Anyways, I'm not an expect on financials, specially bitcoin. But let me tell you something, I need you to research all about the early investors of bitcoin and see how they become millionaires by today's standard. .

[Dreamchaser21]

A young investors indeed, though I’m curious where did you ger your money and who introduce bitcoin to you but i guess you’re doing good on investing with bitcoin. If you hold and willing to wait for the new ATH then you must have enough money to fund it and you must be ready to take the risk, you’re young but you have to decide right.

[ethereumhunter]

Hello, I´m 13 and I´m very interested in Bitcoin, because of this I buy BTC. Actually, I've been studying BTC for over a year to invest. Back to the subject, I buy BTC for 9.200 dollars, and I would like to know if you think it´s a good ideia hold btc until it reaches 20.000. Anyway, for now i´m going to wait btc until it reaches in 20.000 for me to sell. What do you think about my opinion?

Yes, that will be a good option for you to sell bitcoin at $20,000, but you need to have patience because we don't know when bitcoin price can hit that price. The only matter why people cannot take a bigger profit is because they are too greedy and don't have the patient to wait for a while. They want instant money by holding bitcoin in a short time. If you can stay calm and enjoy the ride, you will have a chance to sell bitcoin at $20,000. But you will have more option to sell bitcoin when the price hit $13,000-$15,000 because if the price reaches the highest price, it will go down for a while so you can buy more bitcoin. But that is only if you have skills to analyze.

[Wilhelm]

If you are 13 then please talk to your parents about this.
Bitcoin is a good investment however keeping your assets secure is not as simple.
Last thing I would wish you is to get scammed, etc.

Also consider the fact that your $9200 could become way less. Only invest what you are willing to lose.

That said, I wish I had $9200 when I was 13 .... Hope you got it through legit means ;-)

[Ridwan Fauzi]

Some expert says if you know the future or the next price from the investment place that you choose then when you spend money for it you are really intend to invest but if you spend money for the place investment then you didn't have a predict price or you don't have a strategy for your investment then you are in gambling.

The strategy is really needed when you start to invest, don't only choose a coin randomly and don't choose to hold it for time and a price that you don't specify. You have a good startegy so as you will get benefit when bitcoin price touch $20.000 don't be greedy to want more to get profit, usually this is often to occur to some people and honestly ends up with regretting.

[Slow death]

Hello, I´m 13

You are too young

What do you think about my opinion?

let's imagine that the price reaches $ 20,000 this year, would you sell? and if in the next year the price reaches 40,000 $ for example? How would you be? I think you should consider selling a part and continuing to hold another part, or sell and buy when the price falls

[Boh manok]

If you want to get a big profit in bitcoin then it is very good to save the bitcoin that you have, so that at one time you get the right price to release the bitcoin, but if you are not sure about raising the price of bitcoin then you are better off doing long-term trading  short

[Wilhelm]

If you want to get a big profit in bitcoin then it is very good to save the bitcoin that you have, so that at one time you get the right price to release the bitcoin, but if you are not sure about raising the price of bitcoin then you are better off doing long-term trading  short

Wise words.

[1Referee]

13 years old? May I ask where you bought your coins from? Most exchanges doing KYC/AML level verification have age restrictions in place to prevent people of your age to use their platform.

Dream big. Aim at $100,000 which shouldn't be that much of a problem considering how young you are. By the time Bitcoin hits that price target you have more economical experience and a better state of mind when it comes to utilizing the wealth you have managed to built up.

Some expert says if you know the future or the next price from the investment place that you choose then when you spend money for it you are really intend to invest but if you spend money for the place investment then you didn't have a predict price or you don't have a strategy for your investment then you are in gambling.

Experts? Most "experts" you see pop up nowadays are clowns trying to surf on Bitcoin's success because their own career has taken a slump.

It's common sense that if you blindly buy at X price to sell at Y price that you are gambling. No need for "experts" coming out and say that.

[STT]

Its going to sound a bit cliche but I have no doubt its true to say you as a person will grow more then Bitcoin in the next 7 years or so.   You are your own best investment, at your stage in life you can choose to become more skilled in knowledge of the protocol development itself.

If you can be involved in a product which is growing, in a sector which is expanding then it will benefit you greatly as an adult.    Its hard when young to gather the capital but you do have the advantage of a brain ready for new ideas and alot of the world struggles with this point, you are ahead of the game already to be here and ready to learn.

[omonuyak]

I am holding also though bought a little lower than were you buy. Since you are new it is better you spend little time to find out how bitcoin has been behaving in the past and what has happened when people buy and could not wait to see changes in pricing. Bitcoin will get to $20,000 but from my experience, you should be ready to control your emotions as this market is full of up and down.

[Reid]

Wow!!!
You are young. Where the hell are you getting all those money to buy bitcoin.
At your age I am still playing and not thinking about how much money I have or where to invest it.

Good for you. But do look at the better side too. Tell your parents about it but do not tell yet that you are invested with it. Just try if they will like it or dislike.
You will never know. Maybe they can support you here if they agree and then add some more for your future funds.  

Good luck holding it and I hope you dont start to panic even if it goes down. It might take long for that number to reach but it will come. Definitely. Just be patient.

[jackg]

Hello, I´m 13 and I´m very interested in Bitcoin, because of this I buy BTC. Actually, I've been studying BTC for over a year to invest. Back to the subject, I buy BTC for 9.200 dollars, and I would like to know if you think it´s a good ideia hold btc until it reaches 20.000. Anyway, for now i´m going to wait btc until it reaches in 20.000 for me to sell. What do you think about my opinion?

I was 14 when I started in bitcoin and I don't know how you bought those coins (I couldn't find an exchange to get them from when I was 14 - I had to earn some instead).

I'd say, don't aim for $20000. I think it might be much more reasonalbe to wait until we go over there. I think that spike is going to be huge like the one over $10k and it might go up to $21k and you've missed out a bit of profit.

Juske heep holidn your coins, and once we go over $20k keep hold of them and wiat to see what happens.

[thecodebear]

You should be holding much higher than $20k. $20k was the previous peak. Look at the history of bitcoin. Every time Bitcoin hits the previous peak, that's when the price gains really start. If you sell at $20k, you'll miss out of most of the gains you could get in the months that follow. I'd put your sell target at more like $50k if you want to be safe. Personally I think this market cycle (ending I think probably late 2020) will go over $100k. My personal plan is to sell most of my Bitcoin in the $80k's and $90k's.

$20k is the start of the real gains, not when anyone should be selling.

[harizen]

Hello, I´m 13 and I´m very interested in Bitcoin, because of this I buy BTC. Actually, I've been studying BTC for over a year to invest. Back to the subject, I buy BTC for 9.200 dollars, and I would like to know if you think it´s a good ideia hold btc until it reaches 20.000. Anyway, for now i´m going to wait btc until it reaches in 20.000 for me to sell. What do you think about my opinion?

Since you bought it at $9,200 then it definitely makes sense to HODL it until it reaches a decent price. But remember that don't expect too much price target as it might give you regret and disappointment.

I will give you 2 pointers.

a) If you see profits, don't hesitate to sell "if you are aiming to take advantage of the possible price swings". Since you are already over a year studying how BTC price behaves, you should now at least know how to consider some factors before selling. You will not risk decent money after all, at your age, if you don't know what you are doing. You can make a re-entry anytime.

b) If you are eager to wait for that $20,000 then it's up to you. In price ups and downs, you must force yourself not to dump it but instead just continue the accumulation. It will take time and needs tons of patience. And honestly, we don't know here if after reaching $20,000, you will really sell or will be carried away for much higher expectations.

Good luck with that.