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

[Sebas.tian]

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

If you have a good business i will suggest you go back to your business becasue you have already made for yourself a good name in Bitcoin: such amount of euro10k isn't something small right now. You bought back in 2019 and have already made gains so, those who are buying right now will definitely be on profit soon.

[Mpamaegbu]

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

I don't see any way buying or hodling Bitcoin distracts you from engaging in your business. Do your business and also transact in Bitcoin. Already you're in gains having bought in 2019 at a time when skepticism and low moment characterized the Bitcoin community. You've an edge already on the market. So, why do you want to bow out now?

Yes! Bitcoin is now owned and controlled by the regulators (aka bankers).

Nope! That assertion is faulty. Bitcoin is a community owned asset. No single person controls it.

[MCobian]

The way to get the good return from Bitcoin is by holding Bitcoin for several years. My advice is that holding Bitcoin for 5 years is enough to provide
a good return. The key to success to get a large profit from Bitcoin is patience, the more patient you continue to collect as much Bitcoin as possible
and wait for it to reach the target you set. Will give you the good return you want. You better focus back on your business in the real world, and make
a lot of money and invest some of it in Bitcoin. That's the step I recommend you to do.

[kentrolla]

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.

Agree that you can make profit even now but this will work only for short-term and obviously it's very risky because the price is high at the money and anything is possible, Its always advisable to buy at low and sell high or plan for long-term that's how the Market strategy. BTC is gaining momentum again and again it drops then makes a comeback I feel like we can't expect too much drop this time.

[Traderbtcc]

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 your business is paying off well, then there's no need worrying yourself over the 1btc you have, so just take your mind off selling it for now bitcoin is for long-term investment, so I will advise you keep holding on to it because the estimated price for bitcoin which is $100k is yet to be achieved, but it's definitely possible, so just take your mind off your bitcoin and continue living your life, don't forget to keep your private key safe, to avoid losing access to your bitcoin.

[raise001]

I think still have the opportunity to make a good return from bitcoin.

[raise001]

When I first noticed Bitcoin it was hovering around $1000 in 2016. I tried to start mining, but quickly realized my Macbook Pro’s processing power wasn’t sufficient to justify the time and energy it would take to get up and running. I never mined a single Bitcoin, but I did quite a bit of research. And i think it is possible to mine on the other hand trading is need to earn more money. Also it has price gain for future.

[AicecreaME]

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

If I were you, I'd rather not. It is important to stay active in cryptocurrency world to stay tuned on what's happening. If you're going to temporarily forget Bitcoin, it's either you'll  forget your private keys (or password) or miss the chance to sell your Bitcoin to maximize your profits in the long run, you know, buy low and sell high kind of basic stuff.

Just install a cryptocurrency app that'll help you monitor your holdings from time to time whenever you feel you want to.

[Gcrypto786]

Bitcoin returns mostly depend on your investment but you can get a good profit when the BTC pumped and your account shows almost 2X or 3X more then your investment.

[Momoamzad]

Why not. It's gives huge return and that's why people are always trying to buy and hold them. They store it for a long time . Finally when bitcoin poum up you can see the difference  between your investment or or profit. If the huge that makes you so hapoy

[angrynerd88]

Exactly, I concur on that bitcoin may be a great resource and it is continuously depend on a holder in the event that they offer or hold until such time that the cost rise and pick up benefit. I accept that the bitcoin can donate a great return to its holder depending on the persistence since bitcoin may be a long term investment and it truly needs time some time recently we can pick up on it.Bitcoin is future global currency and at a point people will bid to buy Bitcoin.

[Hypnosis00]

If you have a traditional business already, you don't need to stop it. Crypto investment is risky and if you mismanage this you will surely lose. But the good thing about Bitcoin investment is that you don't need to spend more time compared to traditional business which is also be considered an additional investment.
If you are having them both and you are enjoying it, make it continue. Bitcoin is really profitable if you are buying at a cheap price.

[iTradeChips]

As a trader, I think it is important that your trades should be profitable and following a system that you are comfortable with, regardless what price of Bitcoin you have. So I guess what needs to be done is that you follow your process and definitely assure you that you will still be able to get good returns from Bitcoin. So to answer the question, yes, you will still be able to make good profits out of Bitcoin, on any price.

[0t3p0t]

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?

What business are you planning mate? If that can generate more than what Bitcoin can then I think you have the right choice but take note Bitcoin keeps on dominating so holding it long term will make sense.

[carlisle1]

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.

[caryoscar]

no no no ,Because Satoshi Nakamoto retired prematurely, and the design of Bitcoin is far beyond the era, no one really understands Bitcoin 10 years later, and a lot of rubbish coins and rubbish chains have been created. The development of BTC has also been affected by a group of people. Anarchists control and go astray and become completely useless speculation.

[dupee419]

You shouldn't, you got yourself 1BTC and that's a lot, you can actually gain profit in the future and hold that until the next bull run where BTC can potentially hit another ATH, I highly suggest that you should get more inclined with cryptocurrency instead of just holding it to get yourself a clearer view on the amount of profit you can actually get if you'd put more time studying crypto.

[Iron Fist]

Sure. Bitcoin is trading at around $32000 right now, and this is about 20% less the price where the Bitcoin made most money. But that comes with a very high risk because Bitcoin's price is highly volatile. But if you are willing to put in the risk, then yes, you could still make a good return from Bitcoin.

[ninabobo]

You shouldn't, you got yourself 1 BTC and that is a ton, you can really acquire benefit later on and hold that until the following bull run where BTC can conceivably hit another ATH, I exceptionally recommend that you ought to get more slanted with digital currency rather than simply holding it to get yourself a more clear view on the measure of benefit you can really get in the event that you'd put additional time contemplating crypto.

[uneng]

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, you can continue holding your bitcoins or invest it to generate passive income, although there is some risk involved, but at least you can generate more money from what you currently have and convert this profit to your local currency when you desire without sacrificing your initial bitcoin holdings.
As you have your business you don't need to rely in this investment, so it totally worths to keep holding as on long run the main prediction is that bitcoin is going to become very valuable and rare for new buyers to acquire.