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

[Janation]

You can go both ways, right?

I am not talking about forgetting Bitcoin but holding your Bitcoin in your wallet, check the prices if you want you can do some trades in your free time while still managing your own business. I don't think you would be having a problem when it comes to doing both of them since you can just check the price chart every now and then.

[leea-1334]

Profit is the word people use when they think of trading and speculation,,, and in general this means they want it fast. Bitcoin is probably not effective for that in the sense unless you get really lucky (like buying in October at 12k and then seeing 40k in January!).

You see Bitcoin as long term appreciative value and you are set:)

[charlesmichel1]

If you invest Bitcoin to have a reliable store of wealth and consider your holdings as a retirement plan, just hodl it. You don't have to be a day trader to make returns from Bitcoin.

[businesssoftware]

Yes ! i purchased bitcoin at lowest prices now it is on peak. Bitcoin is decentralized for long term, i think it is risky but can great investment also.

[mardaed]

You can go both ways, right?

I am not talking about forgetting Bitcoin but holding your Bitcoin in your wallet, check the prices if you want you can do some trades in your free time while still managing your own business. I don't think you would be having a problem when it comes to doing both of them since you can just check the price chart every now and then.

Exactly. In my view, it won’t be problem to have a job or business while doing Bitcoin at the same time. I think that you should treat Bitcoin as some kind of investment rather than looking at it as as income generator. And I think that if you do both, there will be more opportunities and profit you could get. Just remember to check prices every once in a while, be clever in making decisions and use portion of profit in expanding your business.

[Viscore]

Profit is the word people use when they think of trading and speculation,,, and in general this means they want it fast. Bitcoin is probably not effective for that in the sense unless you get really lucky (like buying in October at 12k and then seeing 40k in January!).

They are right thinking about being profitable but it seem so hopeless if they don't work on it because the result will also depend on us and how we manage our investment. And the truth is that there is no shortcut to becoming a millionaire.

Well, I don't believe the luck in here. Because the truth is that if we are buying at a low price, try to hold it for a year or two, or to wait for the next bullrun, we are absolutely making a huge return just like now. It all be possible depending on what we plan for.

[Serious475]

It depends on your confidence some people support and ignore the use of bitcoin. They ignore because they are afraid to risk something we can not blame them. After all, it's their perspective and also to those people who believe the use of the bitcoin they are the one who benefits a huge amount of good return like you told. At my first glance bitcoin has huge potential but it depends on the people who makes support it. All through year's the number of support of bitcoin not only but also with the altcoins. Good investment, good timing, will have a good profit.

Research before invests not all the things you saw on the internet are reliable.

[FlightyPouch]

Well, with the price that rose almost at 10%, it is safe to say that we can still make a good profit or return from bitcoin. The market might have a price change but I don't think that it will also stop the possibility of it creating new ATHs in the near future. That would be the same to some of the other hundred altcoins in the market.

[Becky666]

<snip>
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?

Frankly, you are one of these guys that are fortunate to have secured something big for your future and that of your generations unborn. Hedging such amount as "£10,000 in 2019" in a diversified portfolio means much now base on the current price in cryptocurrency. Well, if am opportune to have made this type of investment in the past i wouldn't have be making effort in creating portfolio for myself now. You have already secured your future, my advise will be: get back to your business while waiting for cryptocurrency global adoption to take place.

[matchi2011]

Profit is the word people use when they think of trading and speculation,,, and in general this means they want it fast. Bitcoin is probably not effective for that in the sense unless you get really lucky (like buying in October at 12k and then seeing 40k in January!).

They are right thinking about being profitable but it seem so hopeless if they don't work on it because the result will also depend on us and how we manage our investment. And the truth is that there is no shortcut to becoming a millionaire.

Well, I don't believe the luck in here. Because the truth is that if we are buying at a low price, try to hold it for a year or two, or to wait for the next bullrun, we are absolutely making a huge return just like now. It all be possible depending on what we plan for.

I agree with most of what you've said aside from luck, sometimes luck influenced and brings a huge changes in our life. This market is very unpredictable if you are lucky enough you'll be able to ride with the pump.

If not, you'll need to have a lots of patience as value can quickly fall a lot bringing your initial investment to a big losses but if you
have the right attitude knowing that bounce back will happen it can turn to fortune.

[TedMosby]

Every time you are in doubt about bitcoin, just search more about why many institutions enter this bitcoin space, why PayPal accepts bitcoin, etc.
IMO, we are still in the early phase. Take a look at the data that I gather from the internet.

https://datareportal.com/global-digital-overview
Roughly 4.66 billion people around the world use the internet at the start of 2021 – that’s close to 60 percent of the world’s total population.

https://www.jbs.cam.ac.uk/wp-content/uploads/2020/08/2017-04-20-global-cryptocurrency-benchmarking-study.pdf
The current number of unique actve users of cryptocurrency wallets is estmated to be between 2.9 million and 5.8 million.

[Hobo66]

Bitcoin is now one of top cryptocurrency in the world and there no chance to be scam or orice go down to zero.
I will suggest every one to hold some bitcoin according how muvh you can afford. We Will see in Future that world payment system  will be crypto payment system

[Janation]

You can go both ways, right?

I am not talking about forgetting Bitcoin but holding your Bitcoin in your wallet, check the prices if you want you can do some trades in your free time while still managing your own business. I don't think you would be having a problem when it comes to doing both of them since you can just check the price chart every now and then.

Exactly. In my view, it won’t be problem to have a job or business while doing Bitcoin at the same time. I think that you should treat Bitcoin as some kind of investment rather than looking at it as as income generator. And I think that if you do both, there will be more opportunities and profit you could get. Just remember to check prices every once in a while, be clever in making decisions and use portion of profit in expanding your business.

More opportunities are really better.

If you will just be depending on one of them, you might regret not risking them in the near future. Having both of them does not just give you more chance of earning a profit but also because it gives you time to think about investing and it might open new opportunities to your business and might add another source of profit.

[Bagshlvp]

It depends on your own thoughts. If you are in a hurry, you can sell part of it first, and keep part of it in your wallet.

[Genemind]

There were a lot of naysayers of BTC when it first started, some people even neglected securing their BTC which now costs billions of dollars. It seems that you know where crypto is going I know that you already know what the right decision is. If you are still skeptical of BTC you decide to let it go and go back to your business. Each of us has our own perception of BTC. Don't be part of the people who had their regrets not jumping or even stating at crypto once it had started to be massively adapted.

[SamReomo]

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?

Yes you can earn a lot of profits from Bitcoin by selling it for high and buying it for low. Market is not stable and if you sell it for $38000 and buy it back for $34000 you might have made huge profits along the way. Leaving it the way it is not a perfect choice cause it can go down to $29000 sometimes and that's some kind of a loss rather than profit. However, if your belief is firm on Bitcoin's rise at $50000 or more than you can hold it as long as you wish.

[Swopon]

There is a possibility of obtaining good returns from Bitcoin. It is a currency and there are various species of transactions. Likewise, it is also a flammable market. Just based on us how and in what direction we will make an income. The return will depend on the route. There is no intention to guess that nothing can be obtained from Bitcoin. We need to present the market circumstance and our endeavor appropriately.

[Amejoaquim]

Depends. You need to ask your self did you already do your own research about this investment?

If you dont have any faith and information about this, what can i say better you just sell it and go back to your business.

[Argoo]

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.

The high price volatility of bitcoin is a good guarantee of making a profit from trading with it. Therefore, it will be possible to receive profit from bitcoin in the future. It is only important to feel the direction of its price movement. For example, now, with its current price of about $ 33,000, I would refrain from buying or selling it.

[Liamttw]

I think the price of Bitcoin should continue to rise after the correction, because the supply is getting less and less, and more and more countries use Bitcoin, the demand will increase, and the price should rise accordingly.