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

[Taskford]

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?

Profit is in your hands already and it's your decision if you want to forget it for a while and comeback later on if you feel to sell or been alerted when the price collapsed(but this thing will never happen), also if you feel you are comfortable better stick with it but just don't learn some important details about Bitcoin on daily basis so that you can learn as well get updated on the latest happening.

[molsewid]

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?

Profit is in your hands already and it's your decision if you want to forget it for a while and comeback later on if you feel to sell or been alerted when the price collapsed(but this thing will never happen), also if you feel you are comfortable better stick with it but just don't learn some important details about Bitcoin on daily basis so that you can learn as well get updated on the latest happening.

Earning a profit in bitcoin was not far different by earning a profit in real businesses or even in work or any kind of works or sidelines that may give you a profit. Earning money was rellied upon on how you will work for it. It isn't like you are lying down under a guava tree waiting for a rippen fruit to fall exactly on your mouth. Patience is a virtue when it comes to cryptocurrency but earning isn't just waiting or leaving your bitcoin here and when you come back to see your account it will accumulate, still we have to do something for it to be able to accumulate.

[niltinho06]

Boa tarde!

Gente, desculpe se atrapalhar um pouco a postagem.

Não sei quase nada de inglês.


Eu só venho no fórum colocar questões que me intrigam... Vi uma reportagem de uma pessoa que jogou o HD fora em um lixão, cheio de Bitcoins, porque não queria mais saber da tecnologia e achava que isso não ia pra frente.

Aí pediu pra prefeitura da cidade pra tentar recuperar o HD. Lá hoje tem mais de 1 Bilhão de dólares enterrado.

Fico pensando, se as pessoas ficarem guardando e perdendo os Bitcoins em seus HDs, por exemplo, daqui a pouco não vai ter mais um Bitcoin dispónível.

A comunidade tem que pensar em como recuperar Bitcoins perdidos para sempre. Será que só eu pensei nisso? É muito óbvio! Tem que haver uma maneira de constatar Bitcoins perdidos, revalidar eles no sistema mundial, e depois serem minerados novamente, por exemplo. Ou alguma solução viável, que mantenha a segurança e a quantidade de Bitcoins intactas.

Era só isso. Não sou cientista nem especialista na área, apenas uma pessoa empolgada com a tecnologia. Boa sorte, Deus abençoe a todos!!!

[isaac_clarke22]

~

You had your thoughts wrong on one. It can't be shut down. It is a decentralized asset, and nobody can control it so you don't have to worry any single false statement of whoever claims that. Even bans still have workarounds through VPN. You don't have to worry about not getting too much adoption because you can still hold it for its value.
You should probably start doing something to your holdings. Here in my country, it would make me a millionaire already actually.

[imstillthebest]

and since when do you think that bitcoin is not profitable ? btc is always profitable , dump or pump market you can find a way to produce profits .

since your goal is to make good return , holding 1 btc is not going to be enough but you need to add more and then hodl them for a longer time , you can do it easily by forgetting that you have a btc in you and return to your non btc business like nothing happens .

comeback in the future to harvest your billions

[passwordnow]

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

Forgetting is like you just want to hold it and wait until the price goes more than what you can ever think of. You can make your decision just as you're thinking and you're the captain of your own ship. If you've got other businesses to do, this is one of the good things that you can do while being invested to bitcoin. It doesn't require you to monitor it all of the time as long as you're making yourself secured with your holding and you have the private keys, you can do other things.

[chaser15]

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

That question should only be answered by you. Decide to yourself what's the best thing to do.

Since you are in a crypto forum, and it's a "fact" that BTC is promising, you will see lots of replies here being optimistic about bitcoin. But people have different views about bitcoin and we are not in the place to say, you should invest in BTC as it should be at your own will.

There are lots of businesses that become successful without involving in BTC so your choice of going back to business is not totally wrong. You are the only that knows how to manage your time and capability of growing your business rather than us. Think if you can handle involving in BTC and business at the same time or just choose one.

[Asuspawer09]

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?

You have your point we don't really know what would happen in the future just like what you said bitcoin could get regulated or shut down at some point, at some point if it gets out of control.

That would only happen if things happened but if bitcoin just continues to adapt as it is today surely in the future it will be a lot more value and could even reach up to a 1million dollars of value.

Still, the potential is already in there and it's hard to take profit if you're not holding for the long term, it's better to just forget about your investment and then just come back if its bullish.

[Tstar]

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?

Don't just forget about it - put it to work for you! Various platforms and exchanges like Binance or Nexo could bring you up to 10% APY in Bitcoin to your Bitcoin, e.g. without converting it.

This is the smarter choice if you want a passive income.

[tinopener]

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.

This is my worry.

Especially the Litecoin/silver narrative, when gold and silver have different properties, whereas the difference between Bitcoin and Litecoin is largely psychological.

[Vaskiy]

Very few have control, whereas the majority will easily go for a selling when on need or out of panic. Making a return out of bitcoin is possible unlike the market changes, but the user himself should have the mind to spend time on watching the market at regular time interval making buy and sell depending on the fluctuation. If one can do it good making a return is an easy task.

[Shasha80]

If you feel Bitcoin can provide a large profit, you should indeed HODL your Bitcoin and try to collect Bitcoin. My advice is you go back to your
business, then leave 10% of the profit you get from your business to buy Bitcoin every month. Do this for 5 years, I am sure you can get a very
large profit from Bitcoin. Moreover, you must also be aware that the price of Bitcoin continues to rise, so it is possible to generate large profits
from Bitcoin.

[Renampun]

why not possible!!!
even in the last 24 hours of trading, Bitcoin has moved 6.8%. Bitcoin price is very volatile so it is not too difficult for you to make a profit of 5% - 7% every day if you are observant and lucky.

[figmentofmyass]

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.

This is my worry.

Especially the Litecoin/silver narrative, when gold and silver have different properties, whereas the difference between Bitcoin and Litecoin is largely psychological.

as far as precious metal investors go, the difference between gold and silver is largely psychological too. every one i've met primarily invests in gold but also wants some exposure to more speculative rocks like silver, platinum, palladium, rhodium, etc.

the classic investment mindset is all about diversification and sector analysis. most investors are much more focused on how all precious metals are alike and how their markets are correlated than about physical properties and real world (non-speculative) usage. they only care about where the price is headed.

the same paradigm applies to bitcoin/altcoin investment IMO. and that's a big reason why altcoins are gonna be with us for the long haul. however, just like the gold vs [all other precious metals] distinction, i think bitcoin is very likely to remain the dominant coin. even if we don't consider the actual security and network effect aspects (which make bitcoin drastically superior to other coins) the first mover advantage is incredibly powerful and difficult to overcome.

[xiboothrezi]

if you are not ready for the risks that may occur, then you better leave crypto, but haven't you also made a profit? So it is very important to know the fact that BTC is indeed controversial, the risk is high because of the high volume, this is a fundamental thing that must be understood.
only invest what you can afford to lose

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[CryptopreneurBrainboss]

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.

Him forgetting Bitcoin I think has to do with him buying and holding and not entirely leaving the industry per se. From his post this won't be his first time since he bought previously and had held for this long. His strategy is the best and also since he has interest in returning back to his business, it'll be the most convenient for him.

All he just has to do is stay updated with the development of the industry and also be alert as new update pops up via the wallet he'll be using to store his coins. Obviously the recovery details has to be safely stored as well. With this you'll be profitable in years to come when you intend selling your bags for fiats

Bitcoin has future profitablity chances since it's full potential is yet to be reached. Adoptions are yet to come fully and when that happens it'll surely have its influence on the price of bitcoin spiking it to new milestones.

[ReiMomo]

Yes, it is possible if you will learn to be patient and don't easily do panic selling, don't believe FUD and your investment will be fine.

That is the reason most holders hold their bitcoin rather than using this for payment method because they saw that it is profitable if you will holding this and take profit when the price spike in the market. I saw an article yesterday that there are big investors who earn in investing of bitcoin including the CEO of Ethereum, Vitalik Buterin.

Indeed, bitcoin has a good return upon investing.

[chikading2016]

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?

Dont forget the bitcoin just wait for the dump and buy some and then hold, because if you buy bitcoin today maybe you are in a very big risk and you cannot earn a big  profit this time, beause bitcoin is now pumping and it is in a high price so buying bitcoin this time is not advisable. I believe that there is a right time for everything just wait for your time and be patience.

[adzino]

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. -snip-

1. You can't shutdown something that is decentralized. Can you shutdown p2p torrents? Look how many times the government failed trying to stop piracy through p2p decentralized torrenting. All they can do is regulated the usage of crypto currencies. Strict policies are being imposed which might indirectly make using crypto currencies legally somewhat centralized.

2. Sadly, this is still true. Only few stores and online shops accept crypto currencies but the adoption is expanding faster than people expected!