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

[Silberman]

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?

At the end no one can answer that question except yourself, bitcoin still has a lot of potential but I will admit that right now it is very difficult for someone to get in the market since the price is so high, if you have no knowledge about trading then it is better that you choose to keep holding that bitcoin that you have in the case the price skyrockets and if it crashes and you have some cash at hand then you could use it to buy some more bitcoin at a cheap price.

[DarkDays]

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?

At the end no one can answer that question except yourself, bitcoin still has a lot of potential but I will admit that right now it is very difficult for someone to get in the market since the price is so high

I agree, BTC has great long term potential and right  now people might feel intimidated by the market. If you're not sure about BTC you could wait a little to see if the price gets better for buying and you could wait and hold long term. But if BTC isn't the market for you, you could get a quicker return on your investment elsewhere, if that's even an option possible outside of crypto  

[gurunanakji777]

Anything is possible with BTC. If I have 1 BTC and enough fund with me to survive then I won't sell my BTC for at least for another next 5 years. I would say it's just the beginning of the bitcoin boom. You should forget it and focus on your other business.

[Mr.sprin]

it is true that everything will happen in btc no one can predict it i am impressed with your idea of btc in the next 5 years but for those who have already held btc from 2018 yesterday maybe this is where they sell it because the price in 2018 was very cheap compared to 2021 then now they automatically get a tremendous profit.

[bosede1]

This is a choice you have to make because at the end of the day if anything happens you will have it at the back of your mind that the decision made is yours. Bitcoin is a good investment that you can hold till future rise

[emmybd]

If nothing unusual happens, bitcoin definitely has a great future. Bitcoin has grown sufficiently in the last ten years now millions of traders are exchanging bitcoins every day. The trading market has grown to become more enhanced and sophisticated. With more trading platforms springing up, the ways of trading have also improved. Strategies have escalated and now margin trading has become a thing.

Ages ago, margin trading wasn’t an option and traders didn’t bother about low leverage. Now margin trading is a requisite in trading so everyone has been applying the system in their trades. The diverse ways in which trading can be done is highly lucrative and much-needed information for any trader. Bitcoin investing, mining, giveaway sites, airdrops, bounty programs and more are great alternatives to generating revenue.
Institutional investments have increased and millions are invested on only regulated and secure trades in the crypto market. Therefore, such investments may pave the future of cryptocurrency. The cryptocurrency is becoming more mainstream with time, with rudimentary traders joining the buzz causing the crypto culture to be slowly normalized.

[pinggoki]

it is true that everything will happen in btc no one can predict it i am impressed with your idea of btc in the next 5 years but for those who have already held btc from 2018 yesterday maybe this is where they sell it because the price in 2018 was very cheap compared to 2021 then now they automatically get a tremendous profit.

No one can predict the future and also no one says that the bitcoin and the market will pump up very high last year 2020 and until now it is still pumping up. That's right that compared to year 2018, the bitcoin's price was really far and cheap compared today. Many or some of us take a good profit from this unexpected pump up, many people sell their holdings in order to get a tremendous profit to covered the losses that they have on 2018.

[Conley]

Bitcoin was the best performing asset class of 2020 as the chart below shows. Gold and equities were crushed in comparison. Bitcoin's strong performance has not escaped the notice of Wall Street analysts, investors and companies.

[mezzaluna]

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.

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

The two reasons that you have pointed out was some of the reasons that I actually followed on why I got into the Cryptocurrency Industry. Cryptocurrencies being regulated will be so hard to do and some advanced countries needs to do it first and I really did not have to worry about it being regulated because I live in a Third-world country which makes it very useful for me because the government would need to allocate some funds if they want to research about it and second, I already saw some results that even though the users are not that plenty, we can still gain money from it.

You should earn in your business and learn about Cryptocurrencies.

[Hobo66]

You should hold little more and wait for bitcoin that it price raise to 50 k. Then you should sell it.
It this time price is  fluctuating between 36 and 38k and soon raise to 50k.
Now manage it with own risk and come back to business.

[Silberman]

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.

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

The two reasons that you have pointed out was some of the reasons that I actually followed on why I got into the Cryptocurrency Industry. Cryptocurrencies being regulated will be so hard to do and some advanced countries needs to do it first and I really did not have to worry about it being regulated because I live in a Third-world country which makes it very useful for me because the government would need to allocate some funds if they want to research about it and second, I already saw some results that even though the users are not that plenty, we can still gain money from it.

You should earn in your business and learn about Cryptocurrencies.

While governments have tried to put in a bad light the characteristic of bitcoin that makes it incredibly hard to regulate the truth is that is going to be the main characteristic that allows bitcoin not only to survive but to thrive under the difficult economic circumstances that we know are coming, governments are simply playing with fire, they are manipulating the economy in order to try to make it grow even during this pandemic, and their efforts to try to manipulate the economy at the end is going to be the main reason why the current economic system will be unable to maintain itself.

[Ridwan Fauzi]

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

Holding bitcoin need an understanding, I see many people there just suggesting to new user who will hold bitcoin that they should only make a wallet, buy bitcoin and let them for several years, I really disagree with that. Although you choose long term investment, because you have known that bitcoin price always up year  by year you still need an understanding about it.

Be it about how bitcoin work, bitcoin regulation and also how bitcoin become familiar several years ahead. That the important things that you should know, when you are holding bitcoin and didn't know how bitcoin work and etc you will not comfortable when holding it, believe me. You will be afraid when bitcoin price drop although it is just a small correction it will really harm you.

[Sithara007]

Back in 2014 (when I first invested in Bitcoin) hardly anyone thought that it will rise to five-digits. Back then, the exchange rate was $600 per coin and within one year, the rates dived to just around $200 per coin. Those who invested at that time received huge profits by now. Now the question is how much return we can expect from the current levels. Bitcoin is trading at $32,000 per coin and having a market cap of $610 billion. In the next 3-4 years, we can expect the prices to climb to at least six digits.

[LogitechMouse]

1). get regulated / shut down, or 2). never be accepted by the general populous.

Governments can't shut down Bitcoin since it didn't came from them. Bitcoin can be banned from some countries but that doesn't mean that the people of that country can't use it since there is VPN to hide their identity. With the second one, adoption is increasing annually. More and more institutions are buying it and more establishments are accepting it.

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.

Good for you because you are in a huge profit as of now (possible that you've doubled your money by just holding it).

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

Forgetting Bitcoin might be a good decision but forgetting it totally like you will still not have access to it is a bad decision. If you have a business and you are doing well then just continue since it is your source of income. Just put some of your revenues/profit into Bitcoin or any investment if you want to.

[Lorence.xD]

Now the question is how much return we can expect from the current levels. Bitcoin is trading at $32,000 per coin and having a market cap of $610 billion. In the next 3-4 years, we can expect the prices to climb to at least six digits.

Six digits is still a pipe dream for many of us, even the institutional investors, there are a lot of adversarial matters that we should deal before we could reach that number too. One is the FUDs that are being spread to sow confusion and panic among the community, the only way to defeat this is by ignoring them, especially those that came from big media outlet, if nobody talks about it then it won't affect bitcoin. Two is the regulations that are being put in place to make a short leash for bitcoin, we can't do much here but to vote for lawmakers that are in favor of bitcoin freedom or at the least laxed and public favored regulations, the only problem is most politicians are only talk. With the current price of bitcoin, I think doing a trading will be advantageous because you are taking the opportunity to profit at short term but if you are a long term one then it will be better if you wait for another dip in the prices to get the most out of it when the time comes that you harvest what you invested in.

[oemar bakrie]

confused to forget or retain.
and the proof is that bitcoin is still surviving,In my opinion, keep what we have so that disappointment does not come to us..

[Latviand]

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.

That's one of the advantages and benefits of cryptocurrency, we have financial freedom when we are holding some.

You have full control of your asset and if you have a doubt about the market then you can also make decisions based on your perspective in your investment.

Bitcoin investment is really good as it will make you to have another source of profits not only the business that you are managing. If you can manage those two then it will really much effective for you to have different sources of earnings. But don't force yourself to something you're not happy with so it is still your choice to continue or pull back.

[Clark05]

Even the price is high is there is a chance to get a profit from the bitcoin but how, if we notice the price dump and rise every single day and you can start a short term investment with that. Many people are doing this right now and I think it is effective but invest at your own risk because they have possibility the price will dump more but that is the time you buy more because the real investors they investors while the price is become cheaper and cheaper.

[sapnu]

Even the price is high is there is a chance to get a profit from the bitcoin but how, if we notice the price dump and rise every single day and you can start a short term investment with that. Many people are doing this right now and I think it is effective but invest at your own risk because they have possibility the price will dump more but that is the time you buy more because the real investors they investors while the price is become cheaper and cheaper.

Gaining profit from bitcoin right now may look easy but still we need to take consideration of buying or investing whilst bitcoin's value is still high. It would be best if you would wait till it dumps first if ever it will then start buying then holding. If you are too impatient for that, you can just start investing already but make sure to monitor the price change of bitcoin so that you may know if you are gaining profit or losing. Invest smartly and wisely so that you can make the most of bitcoin's wonderful volatility at the moment.

[Wipeout2097]

Disregard around Bitcoin like, offering it off and more fair me to  clarify to the leading of my knowledge. If you are doing job 9 t0 5 or trader or entrepreneur just show patience with Bitcoin.Since you as of now have been holding Bitcoin, then you as of now know the benefits of holding, hence it would be great for you to proceed holding, since in the event that you check the cost you bought at that point and presently, you may see the colossal distinction and the gigantic pick up.HODL till get maximum expected profit.