Is it possible to still make a good return from Bitcoin?

[CryptoBita]

Okay so I saw bitcoin early days because a competitor site owner briefly offered it as a payment method for their products. I thought this cryptocurrency will never work because it will either 1). get regulated / shut down, or 2). never be accepted by the general populous.

Neither of these happened and finally I bought a diversified holding of £10,000 in 2019 to hedge against future pain. I still have this holding untouched including 1 btc and have no plans to sell it until I am sure it has hit full critical mass or goes to zero.

My question: Should I just forget about bitcoin now and go back to my business?

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[DapanasFruit]

That is your own choice to make. Certainly, I am sure that Bitcoin will be rising in the future and who knows it can even go as high as $1 million after, let's say, 10 years from now. We know it is scarce, but we also know that Bitcoin is not actually perfect which means that if there will another crypto that can caught the fancy of the people then it is also possible that Bitcoin can be set aside. The thing is that nobody know what can be and even those who are predicting for Bitcoin are doing it based on their own personal conviction and speculation. At the end of the day, it can be just another gamble which we hope will be paying a lot later.

[Charles-Tim]

I thought this cryptocurrency will never work because it will either 1). get regulated / shut down, or 2). never be accepted by the general populous.

China ban Bitcoin but 65% of Bitcoin miners are in China, if they can not sell it, will they mine it? Nothing can stop Bitcoin adoption. Its decentralized nature makes it impossible for ban.

still have this holding untouched including 1 btc and have no plans to sell it until I am sure it has hit full critical mass or goes to zero.

It is impossible for bitcoin to go back to zero, the world has regmcognized it, institutions are investing in it now, and it is getting more adoption. Expect it as the coin it is, a deflationary coin that will increase more in value in long term for its limited supply.

Should I just forget about bitcoin now and go back to my business?

This is your choice to make, and you have gained. But, know that bitcoin is a deflationary money over long term period. It is an asset, an appreciative asset.

[lovesmayfamilis]

You are asking a question, although you probably already feel a profit from the moment you invest. If you have lived and did not need to sell Bitcoin up to this point, perhaps you should also just remember that you have an asset that works quietly for you. The main thing is not to forget to save your wallet keys, as lately we have seen a lot of sad stories when people know that they have become millionaires, but cannot use their millions.

[aoluain]

My question: Should I just forget about bitcoin now and go back to my business?

Answering a question with a question,

Are you happy with your holding and the amount you have?

If you are happy with what you have well then it will be easy to leave it alone
to appreciate over time and that is ok to do, there are no rules.

Just make sure you have it secured properly and especially have your private
keys recorded safely, that is assuming you dont have the Bitcoin sitting on an
exchange somewhere.

If you want to expand your holdings well then thats a different matter, you will
be involved from here on in . . . like the rest of us!

[YOSHIE]

My question: Should I just forget about bitcoin now and go back to my business?

What you need to know, for yourself is: in the crypto world you have 100% freedom, no one stops you and no one will tell you to survive in the crypto world, especially in the Bitcoin investment sector.

You have full rights in and out of the crypto world and also your current business, at times like this one must know yourself in making a decision, If you believe you are doing what you want to do, if you are in doubt you should step back, it is all decisions whether you do business or investing in your Bitcoin that determine your destiny, not someone else's.

[irixo10]

Okay so I saw bitcoin early days because a competitor site owner briefly offered it as a payment method for their products. I thought this cryptocurrency will never work because it will either 1). get regulated / shut down, or 2). never be accepted by the general populous.

Neither of these happened and finally I bought a diversified holding of £10,000 in 2019 to hedge against future pain. I still have this holding untouched including 1 btc and have no plans to sell it until I am sure it has hit full critical mass or goes to zero.

My question: Should I just forget about bitcoin now and go back to my business?

Forget about Bitcoin like, selling it off or what? Let me just explain to the best of my knowledge. If you have a business you are running, Bitcoin doesn't stop you from doing it, that is, after your business during the day, you can use some hours to check whatever you want to do in the crypto space, and since you already have been holding Bitcoin, then you already know the benefits of holding, thus it would be good for you to continue holding, because if you check the price you bought then and now, you will see the huge difference and the huge gain. Also, from another point of view, if you are talking about selling your Bitcoin and concentrating on your business, then I would suggest you sell some and keep some, because you will benefit hugely in the future. Thus, to reply to your title, Yes, Bitcoin still have enough room to grow in the future and as such good return for holders.

[CryptoBita]

I'm kinda thinking of buying and adding to my holdings. Just wonder what a good price would be. Or if there is a better place for my money? I'm knew to this but my ADA seems to have gone up far more..

[figmentofmyass]

Okay so I saw bitcoin early days because a competitor site owner briefly offered it as a payment method for their products. I thought this cryptocurrency will never work because it will either 1). get regulated / shut down, or 2). never be accepted by the general populous.

Neither of these happened and finally I bought a diversified holding of £10,000 in 2019 to hedge against future pain. I still have this holding untouched including 1 btc and have no plans to sell it until I am sure it has hit full critical mass or goes to zero.

My question: Should I just forget about bitcoin now and go back to my business?

it sounds like you've bought bitcoin strictly as a long term investment/hedge. if that's your orientation---and that's fine; you certainly aren't alone in that---then you should probably just HODL. keep your coins safe in cold storage and come back in a few years. the mass/institutional adoption scenario seems to be playing out. enjoy the ride.

if you're ever interested though, bitcoin is a fantastic tool for financial and privacy freedom. it's very liberating transacting without care for borders, regulations, etc and away from the prying eyes of banks and other 3rd party financial institutions. it's not only an investment, but also electronic cash. in fact, i would say its censorship resistance, pseudonymous nature, and fungibility qualities (which underlie bitcoin's network effect) are a very important part of its fundamental investment value.

[aoluain]

I'm kinda thinking of buying and adding to my holdings. Just wonder what a good price would be. Or if there is a better place for my money? I'm knew to this but my ADA seems to have gone up far more..

I would invite you to check out Michael Saylor of Microstrategy, He has done
many interviews all of which can be found on Youtube.

There is no better place to put your money for the long term than in Bitcoin.

Whats a good price? the price will fluctuate, if you are not trading just buy
when you can especially when the price falls back.

There are plenty of people who are waiting for Bitcoin to fall to say €25k
or lower before they buy, these massive percentage drops wont happen anymore.

Think of the two slogans below

"Buy the Dips"

"Dollar cost averaging"

[businesssoftware]

This is depend on your choice. Bitcoin is giving huge profit and return and this is long-term investment i think. i have purchased bitcoin at low prices today its super high.

[blckhawk]

I thought this cryptocurrency will never work because it will either 1). get regulated / shut down, or 2). never be accepted by the general populous.

Well there you have it Bitcoin is fully alive yet becoming a thing. It cannot be shut down by anyone, they could impose a prohibition upon using but people will still find a way. Besides what good on it is decentralized so no one can completely manipulate Bitcoin. Bitcoin also became more popular as big institutions begin to venture on this one and that is the reason why it growing insanely right now.

Neither of these happened and finally I bought a diversified holding of £10,000 in 2019 to hedge against future pain. I still have this holding untouched including 1 btc and have no plans to sell it until I am sure it has hit full critical mass or goes to zero.

Unfortunately, we don't exactly when it will hit its peak in fact I don't know if it is possible because Bitcoin was volatile and changes its price overtime. And  I don' think as well that this will drop to zero because just what I have mentioned everyone is getting on it.

My question: Should I just forget about bitcoin now and go back to my business?

I'll leave the decision to you if you are not ready to accept Bitcoin then maybe better to go back to your business but if you want to experience it then go for it. Just choose where you are comfortable with.

[Alucard1]

Before getting back to your business, you must understand first the world of crypto and then decide whether you are going to leave it or not, for sure if you study this and gain enough knowledge then you'll not leave it anymore, you may do it and your business at the same time. Bitcoin is now going strong now adays, actually, you may also use it on your business if that is online then you may use bitcoin as means of payment.

[XZERO1]

Is it possible to still make a good return from Bitcoin?

In short-term: probably not, long-term: most probably yes.

The best way to make a good profit from holding bitcoin is to always have some capital set aside for buying Bitcoin on dips, even though buying at these prices could still be profitable, risk/reward ratio at these prices is not great, corrections are normal for any market and they eventually will happen sooner or later and the smart move is to start laddering buys when the correction starts, for example if bitcoin goes down 5% you buy some with 10% of your capital, if it goes down another 5%(%10 in total) you buy more with %20 of your capital and so on.

[shide2020]

Don't give up still reinvests you will get double return. bitcoin is a kind of investment that require time and patience to achieve.

[Oasisman]

Those two negative thoughts you had about Bitcoin before didn't happened, and now you're about to do the same thought all over again?
You can do your business as usual while leaving your crypto investment as is. I mean that's a win-win situation.
Bitcoin has been rising every year and it's popularity is constantly spreading. Don't you think Bitcoin could reach a six digit figure? Imagine how much profit you'll make out of your 1 Btc If in the next 5-10 years Bitcoin will be worth a million a piece.
You should re-evaluate your decisions.

[Coinsfera]

My question: Should I just forget about bitcoin now and go back to my business?

Bitcoin recovered its price to almost 40k. I think that price will go further than it is now. If Bitcoin begins a bullish run it is hard to know where it will land. Probably Bitcoin goes further than 40k as analysts say. You should not think about Bitcoin more, just let it increase while you do your business.

[dothebeats]

Personally you can still make some money from bitcoin if you are into it and you spend some time buying and selling, especially now that the volatility is insanely high that every hour or so, the price moves $1000 up or down. You can also do what you have in mind since it has been proven time and time again that bitcoin appreciates in value over time. In that way, bitcoin serves as your passive income while you tend to your business, which generates active income over your part. Consider your $10k bitcoins as some form of time-deposit that you can open once you're already comfortable with your gains.

[Thanos01]

I'm kinda thinking of buying and adding to my holdings. Just wonder what a good price would be. Or if there is a better place for my money? I'm knew to this but my ADA seems to have gone up far more..

The current price of bitcoin is 38000$ so  it can be the best price to invest and also can be the worst because the price might fall from this point and we will see the 2017 scenario happening again so no one can really tell whether if this price is the best to invest in, but no dept there were times in the past where you could buy bitcoin in cheaper prices.

We all believe here that bitcoin will fly higher for the long term so I think buying now can give a good profit for the coming years, but you should always have a plan B to deal with the bearmaket if it happend . 

[Kocret02]

Your best bet is that you should be able to choose one, or if you can, you should be able to do both. If you forget bitcoin I think you are missing a big thing, because the potential for bitcoin in the future is very high. So I think right now do what's best for bitcoin and your business. make both of them a big profit generator, because it's the best at this time.