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

[Casdinyard]

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

If things are not going as what you have expected to, having a rest for now is advisable in my opinion because continuing would result to frustrations. The market value of it fell down from its ATH and is not having another movement whether its value will be higher or will continue to fall. In my case, I am waiting for its market value to fall even more in order to be able to invest with larger amount of it and earn profit once recovery starts. So if you are not enjoying things in this industry for now, temporarily move your focus to other things which is giving you profit by this time.

[Kelvinid]

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?

If that you are able to see how many big and known companies are adopting and accumulating Bitcoin at this time? This simply means that these companies are positively thinking that they can make absolute money from cryptocurrency. They are not looking just for now but they are looking at the possible development in the near future. They probably saw that Bitcoin price will likely grow and surely in demand as the years coming where more people are utilizing such digitalization.

You must have to think about it and the best is to consider the possible changes in the future so you won't be left behind from the market competition.

[Kudrowet]

Bitcoin prices are difficult to predict. Although the recent decline has been a bit large, I believe it will definitely rise in the future.

[Annie Bevan4578]

I still think that if you choose to hold for a long time, Bitcoin is the second choice after gold. If you just want short-term profit, then it may not be a good time to enter the cryptocurrency market now

[Tristan Bieber]

I think that for Bitcoin investment, countercyclical operations are needed. During the peak period of currency issuance, you only need to hold it, and you don't need to invest more. When currency issuance is underestimated, it is often when high-risk assets such as Bitcoin are the cheapest, you need to buy more bottoms. It's because most people sold it urgently at that time, and the price was very cheap.

[Rishabh riyz]

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?

well BTC certainly can go to zero value since its a decentralized crypto and depends majorly on the users , in addition its been a mainstream asset and institutional investments are also increasing , this might affect the value and may even bring it down to zero.
now about the investment , since you invested back in 2019 u might have done in around $3K-$7K value and you seen that after your investment BTC went a low around $6K other than that you have always been in profit ,
what you can do if you feel that BTC would crash is remove your initial amount invested then you can be safe and would have no risk of loosing everything, you can then invest that money in some another crypto or in any other asset  .

[kolesozw]

It is still possible - Stake it till you make it - my new motto

I love staking now and yield farming, and watching my coins growing in fiat AND crypto at the same time.

[Coin_trader]

It is still possible - Stake it till you make it - my new motto

I love staking now and yield farming, and watching my coins growing in fiat AND crypto at the same time.

Then you are not using Bitcoin anymore since you are staking different coins though. Read the topic carefully before you post off topic.


Bitcoin is still profitable by just holding it isince its price grow over the years regardless of what is the current price you invest. Just hold it and don't do any shit like leverage trading or other risky things in crypto.

[Review Master]

I still think that if you choose to hold for a long time, Bitcoin is the second choice after gold. If you just want short-term profit, then it may not be a good time to enter the cryptocurrency market now

In my opinion, bitcoin is becoming the first choice after all of theses adoptions and it's never late to take entry, but need to DYOR first. Never miss any bottom to buy more bitcoin if market's sentiment is bullish. Also, bitcoin needs more correction for a huge bullish rally and we're just on that phase. Lets see what happen next.

[marcbitcoins]

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

In my opinion, this is around the worst time to sell. The Bitcoin price has risen in cycles and every cycle new highs were reached and huge profits were made (10 to 100 x per cycle). I think that this will continue as long as the fundamentals of Bitcoin remain strong and mass adoption is not reached so if you are not a trader just hold on to it and can go back to your chosen field because probably BTC will still perform well in the future. Again, this is just my opinion, and wishing you the best.

[Keila Faith Villanueva]

It needs luck, observation and patience. If you observe well, knowing the good time for selling, and things go as your expectation. That's good. Besides, do not be too greedy.

[ice18]

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

I think its a bad idea mate I personally suggest to take your initial money or any profit you have and the rest hodl if you trust bitcoin no one can predict what will be the future of bitcoin it may give you more profit but it may also ruin your life you have to balance your investment to avoid future losses.

[suzanne5223]

It needs luck, observation and patience. If you observe well, knowing the good time for selling, and things go as your expectation. That's good. Besides, do not be too greedy.

Actually, I don't believe in luck when it comes to cryptocurrency investment because luck comes to does who work towards it, and what I believe is very important for every crypto investors or traders is knowledge (which will provide good observation later bring luck), greedy control (which also emotion control) and patience.

[Mituletr]

Ultimately it is your own choice. I think the price will rise, and I want to buy some more.

[mezzaluna]

This question belongs to the Total Supporter and not for a Noob and newbies like you OP. because we have faith and support for Bitcoin so by any chance ? we Believe that Bitcoin will continue bringing Good Return for us.

We can manage to wait even how long just to make sure of our Holdings will remain, and yeah we are withdrawing some amount but Yet we keep our capital inside and adding everytime we have extra funds to risk on.

Maybe some will laugh but remember that we have laughed at them back in 2017 and last December until now , So there is nothing to be afraid on our part.

The whole question of the OP revolves around trust. carlisle1 is correct because there is no wrong time to return to Bitcoin. Bitcoin will always be here and will still give its service to whoever wants to use it and supporting Bitcoin and using Bitcoin can create another income for us even though its not that big but as long as you are within this industry, there is a chance to gain money.

[acener]

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?

Why not do both of them? Why do people always try to chose between those two if they could just do both of them at the same time?
I am not saying that it would be easy but if you are having a hard time deciding them why not do both if you could?
Just like you said a competitor has decided to accept crypto so why don't you do the same?
Step up and maybe accept more crypto and more ways to be paid there are so many online wallet so why not use them too?
Why would you try to forget crypto? You could earn in both and I am sure that you already gain profit by holding it as you mention that you have 1 BTC which is untouched and still doesn't have the plan to sell it.

[Tristan Bieber]

The essential reason for Bitcoin's rebound starting in 2020 is that people are worried that the large amount of money printing and debt spending in countries around the world will cause the instability of the global monetary system, so in the next few years, the rate of return is still relatively high.

[johnnathanexo]

Yes, it is very much possible to make a good return from the bitcoin as it is anticipated that the price of the bitcoin will increase in the near future.  So I think you should definitely invest in bitcoin if you have good money to invest but you are a bit short of money I would suggest you invest in other cryptocurrency coins like Etherium etc.

The best platform where you can invest and transact in these cryptocurrencies is ExoCrow.

Exocrow, a digital currency wallet, and platform where merchants and consumers can transact with new digital currencies like bitcoin, ethereum, and litecoin.

What Makes ExoCrow stand apart from rest?

1. Their KYC starts only from 10,000USD and it's just a passport upload and selfie. It's very simple and not hard like other companies.

2. Savings account: They are offering high-return bitcoin savings account with promotion now of 12% monthly return but very soon it will be back to 3.4% ( 40.8% annually ). This option nobody has online to bring such returns for investors.

3. Escrow invoices: I don't know any crypto bank offering this except some wallet providers.

4. Broker: It's an option to top up Forex, Casino, and betting companies. Nobody in the market has this option because the user can top-up his bitcoin wallet in our exchanger with his credit card or bank transfer. Later just click the button and top up his broker/gambling accounts.

Check out ExoCrow: https://exocrow.com/

I have used this platform for a long time and made money investing in cryptocurrencies.  It's time, you make money with it too.

[bryant.coleman]

The essential reason for Bitcoin's rebound starting in 2020 is that people are worried that the large amount of money printing and debt spending in countries around the world will cause the instability of the global monetary system, so in the next few years, the rate of return is still relatively high.

That is true, but still I would advice the new investors to wait for some more time. The indications that are coming from the new Biden administration are not very positive. Janet Yellen made a very controversial statement and Bitcoin immediately lost 10% of its value. So you can imagine how the market will react if Yellen and the rest of the reptilian overlords make any move against cryptocurrency. Better to wait and watch for a few more months rather than jumping in right now.

[kolesozw]

It is still possible - Stake it till you make it - my new motto

I love staking now and yield farming, and watching my coins growing in fiat AND crypto at the same time.

Then you are not using Bitcoin anymore since you are staking different coins though. Read the topic carefully before you post off topic.


Bitcoin is still profitable by just holding it isince its price grow over the years regardless of what is the current price you invest. Just hold it and don't do any shit like leverage trading or other risky things in crypto.

I read it... you could stake/lend Bitcoin AND get Bitcoin in return in almost all major exchanges. Plus, you could lend Bitcoin AND get Bitcoin in return (without touching any altcoins) in platforms like Nexo, Celsius, Coinloan, and many more.

This is what I'm doing with the coins I'm not trading - Bitcoin for Bitcoin, preserving the Bitcoin value and earning Bitcoin.