Bitcoin is an investment

[cryptomaniac_xxx]

I bought a bitcoin what 0.0003 BTC last year November with only money that left with me when I finished my program and named it investments, many of my friends started laughing that my money has gone and bitcoin will fall and is out of surprised bitcoin moved to 19k, 20k, 30k and 40k, so I'm excited for having double of my btc within some months, I want to know if I will sell it or withdraw it, because is a investment money not for spending.

0.0003 BTC is like $9.00 today, so I'm not sure if this is the right amount that you have invested. Anyhow, you said you put your money in bitcoin as a investment and now that you have seen how the price goes off, and your portfolio growing then why are you thinking of withdrawing it? Doesn't make sense. Majority here who make a ton of money, investment on a long term, so I guess you got a hint already.

[1715297585]

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[Kocret02]

I bought a bitcoin what 0.0003 BTC last year November with only money that left with me when I finished my program and named it investments, many of my friends started laughing that my money has gone and bitcoin will fall and is out of surprised bitcoin moved to 19k, 20k, 30k and 40k, so I'm excited for having double of my btc within some months, I want to know if I will sell it or withdraw it, because is a investment money not for spending.

Bitcoin still has a good chance to be able to pump higher than the current price. in my opinion, if you don't really need money, my advice is you have to hold back because if bitcoin has increased many times again it will make your profit even bigger

[maydna]

I bought a bitcoin what 0.0003 BTC last year November with only money that left with me when I finished my program and named it investments, many of my friends started laughing that my money has gone and bitcoin will fall and is out of surprised bitcoin moved to 19k, 20k, 30k and 40k, so I'm excited for having double of my btc within some months, I want to know if I will sell it or withdraw it, because is a investment money not for spending.

Your friends will regret when they see how high bitcoin prices can increase in the future, and if they don't start to follow your step, they will not have a chance to have a bitcoin investment. You don't need to feel shy or else because your life will depend on what you do now, and there is nothing to worry about with them.

Perhaps, 0.0003 BTC is like $9.00 today, but we don't know how much your money will be in the future. It could be more than $10-$50 if you don't buy more bitcoin, and that will increase your money value.

[Keila Faith Villanueva]

It's up to you whether you want to hold or sell it because it's your money.

I think it's not a good choice if you want to sell only 30,000 satoshi because you'll ended up loss on the fee (it's vary but I assume you're using online wallet which is the fees are high)

Better to buy more Bitcoin and hodl it, since you're believing Bitcoin.

yes, if you believe in it, then you can invest in it without worrying too much. I advise that you put part of your money there. if you believe not, stop.

[killerfrost]

Luckily for you, when you still make a profit, many people do not have that luck. So see how you started with it, everything is going well right, the money is now yours, and you have all the power to decide over it.

I believe many of the investors above are hoping to get the same return... but unlike you I have seen them screaming for the past few days. 

[worle1bm]

I bought a bitcoin what 0.0003 BTC last year November with only money that left with me when I finished my program and named it investments, many of my friends started laughing that my money has gone and bitcoin will fall and is out of surprised bitcoin moved to 19k, 20k, 30k and 40k, so I'm excited for having double of my btc within some months, I want to know if I will sell it or withdraw it, because is a investment money not for spending.

The Market is currently at correction period but still the prices are higher compared to your past investment in November when prices were low so you are already in profit and you can sell if you want to do so.The exact price speculation is impossible as price can go further down to $20-$22k but if you don't want to spend your coins then you can hold them for longer periods of time say till 2022 when prices will plunge to nearly $60k(not much exaggeration) and show your freinds the real power of btc as your 0.003 btc will grow 3-4 times by that time so I suggest for long term investment rest decision is all yours.

[kevinzxz]

I bought a bitcoin what 0.0003 BTC last year November with only money that left with me when I finished my program and named it investments, many of my friends started laughing that my money has gone and bitcoin will fall and is out of surprised bitcoin moved to 19k, 20k, 30k and 40k, so I'm excited for having double of my btc within some months, I want to know if I will sell it or withdraw it, because is a investment money not for spending.

if it is money for investment, then you better not sell your Bitcoin and still HOLD, because the price of Bitcoin will definitely continue to increase and give you a bigger profit than now, but there is nothing wrong if you sell a little of your investment (Bitcoin) to enjoy your life, because life cannot be bought and only once, so enjoy your life while you are still alive.

[Ridwan Fauzi]

Indeed, we always believe that bitcoin is able to have a high price in the future like $100.000 or more. So as we will suggest for everyone especially new investor to invest their money for long term investment, you can put your money that you can afford to lose and you can come back again. However, just in my mind, you need to have a target price.

I mean an example you already bought bitcoin at the current price and then you need to set what target price you should sell your bitcoin. At least when you sell the bitcoin that you have bought and you get a profit, it will give you encouragement and confidence to keep investing in bitcoin. Just a warning, not to frighten, bitcoin has experienced a drastic price increase but has also experienced a drastic price decline.

[TheUltraElite]

I bought a bitcoin what 0.0003 BTC last year November with only money that left with me when I finished my program and named it investments, many of my friends started laughing that my money has gone and bitcoin will fall and is out of surprised bitcoin moved to 19k, 20k, 30k and 40k, so I'm excited for having double of my btc within some months, I want to know if I will sell it or withdraw it, because is a investment money not for spending.

You have spent your money to buy that BTC - right? So you can do what you want with it, in fact I consider that as a small amount but it might be a lot depending on your local currency exchange rates. Still I advice new traders to accumulate bitcoin over time like a monthly buying scheme. Just holding on to that small amount like an obsession will not make it big, you have to decide when you sell or if you buy more.

Always remember that recycling your money is a key factor in keeping your portfolio alive. You dont have to sell every asset that you hold but if you dont, then problem of mental distress due to holding those coins for long comes into play. If that does not hurt you well and good, but trust me, every experienced trader faces this distress and you will too.

[Casdinyard]

I bought a bitcoin what 0.0003 BTC last year November with only money that left with me when I finished my program and named it investments, many of my friends started laughing that my money has gone and bitcoin will fall and is out of surprised bitcoin moved to 19k, 20k, 30k and 40k, so I'm excited for having double of my btc within some months, I want to know if I will sell it or withdraw it, because is a investment money not for spending.

Market doesn't work that way. The market price is not consistently increasing and with that being said, holding, alone, is not enough to gain profit. You should learn how to buy during low market price and sell whenever the price is high. In such way, profit will be bigger than to just lay down and wait for things to occur. I do appreciate your courage to invest with the money you have back then. Bitcoin is a good investment, but investments are different from assets or simply, you will make decisions in order to maximizer the profit from your investment simply because that's how things should be done.

[jossiel]

I bought a bitcoin what 0.0003 BTC last year November with only money that left with me when I finished my program and named it investments, many of my friends started laughing that my money has gone and bitcoin will fall and is out of surprised bitcoin moved to 19k, 20k, 30k and 40k, so I'm excited for having double of my btc within some months

The amount of bitcoin that you have invested won't just double in quantity but it had doubled in $ value. Your story isn't new with other people here that when they've told their friends and families that they've bought bitcoin.

Many did laughed and mocked them that bitcoin is going to zero and their money will be flushed away.

I want to know if I will sell it or withdraw it, because is a investment money not for spending.

If you won't spend it then just keep it as is for a longer time. But if you want to take the cash, sell it although the amount you've invested isn't that much.

[GeorgeJohn]

I bought a bitcoin what 0.0003 BTC last year November with only money that left with me when I finished my program and named it investments, many of my friends started laughing that my money has gone and bitcoin will fall and is out of surprised bitcoin moved to 19k, 20k, 30k and 40k, so I'm excited for having double of my btc within some months

The amount of bitcoin that you have invested won't just double in quantity but it had doubled in $ value. Your story isn't new with other people here that when they've told their friends and families that they've bought bitcoin.

Many did laughed and mocked them that bitcoin is going to zero and their money will be flushed away.

I want to know if I will sell it or withdraw it, because is a investment money not for spending.

If you won't spend it then just keep it as is for a longer time. But if you want to take the cash, sell it although the amount you've invested isn't that much.

Is obvious that money is meant for spending, because without spending money the mind to get new one will not be there,but from what I know since the money used to purchase the coin is little, is advisable to push the money to another investment platform that will multiple the money, because the purpose is just to enrich from my understanding

[pixie85]

If you are in a hurry and need money, looking for a short-term peak sale is a good choice. If you are not in a hurry, it may be better to hold for a long time.

Your post shows how "peak" is always a matter of perspective. Had he sold at the time of your post he'd do it in a short term low of 30 thousand USD.
About 12 hours later it would be almost 34 thousand.

Congratulations OP. I hope it will not make you sell with profit and leave the market but instead make you appreciate the technology and stay with us for more, because more is coming.

[jossiel]

I want to know if I will sell it or withdraw it, because is a investment money not for spending.

If you won't spend it then just keep it as is for a longer time. But if you want to take the cash, sell it although the amount you've invested isn't that much.

Is obvious that money is meant for spending, because without spending money the mind to get new one will not be there,but from what I know since the money used to purchase the coin is little, is advisable to push the money to another investment platform that will multiple the money, because the purpose is just to enrich from my understanding

I think you misunderstood what he said. He's just describing that the money that he has invested isn't ready to be spent. We can distinguish it if our investments when ready on sell or we're about to cash it, they're good for spending but we can also keep it whether in that particular investment or just a plain cash.

I wouldn't invest into an "investment platform". Many have been misled with that term in the community. Just as the newbies before, when they come to the forum or any other forum, they'll mention about a certain investment platforms which were obviously scams.

They can invest as is in bitcoin, no need to get into those platform. You hold your investment, you hold your bitcoin.

[Bagshlvp]

For many bitcoin buyers, they have already made a certain profit, so bitcoin is an investment.

[bitzizzix]

I bought a bitcoin what 0.0003 BTC last year November with only money that left with me when I finished my program and named it investments, many of my friends started laughing that my money has gone and bitcoin will fall and is out of surprised bitcoin moved to 19k, 20k, 30k and 40k, so I'm excited for having double of my btc within some months, I want to know if I will sell it or withdraw it, because is a investment money not for spending.

At least you have proven to your friends that bitcoin investment will be profitable and bitcoin price does not fall as they say, and you have benefited from your investment capital.
My advice is that you should keep it for a longer period of time if you don't really need it and try to gradually increase your bitcoin and take advantage of it when bitcoin prices drop, and most importantly don't exceed your starting price.
And as time goes by, you will have to learn more to analyze about the market and bitcoin so that you can invest properly and profitably.
If you think bitcoin is an investment and not to be spent then you must be consistent, good luck friends and success.

[Mituletr]

Bitcoin is indeed an investment. It allows you to get a certain amount of income in a short period of time. If you are not eager to use this money, you can keep it in your wallet.

[Bitcoinislife09]

I bought a bitcoin what 0.0003 BTC last year November with only money that left with me when I finished my program and named it investments, many of my friends started laughing that my money has gone and bitcoin will fall and is out of surprised bitcoin moved to 19k, 20k, 30k and 40k, so I'm excited for having double of my btc within some months, I want to know if I will sell it or withdraw it, because is a investment money not for spending.

Maybe what you could do is sell it already 0.0003 is not that big of a volume probably it would not worth that much even if the bitcoin increases. You already made a good profit even if you sell it already but what you could do is keep on investing when the market price is low so that you could easily multiple your profit with the good volume of investment, investing a small amount would just result a low amount of profit and investing a high amount is equal to higher profit also. What you could also do is sell your bitcoin and then just reinvest it if the market price is on low again.

[NeverSop]

Yes, It was certainly an investment with a huge bargain because of the real power of bitcoin.  It is no coincidence that the world's leading financial corporations, institutions have legitimized commercial investment in bitcoin and see this as a new competitive trend like Grayscale, MicroStrategy ... They are ready to compete and  don't stop buying to have a chance to own bitcoins.

[irixo10]

I bought a bitcoin what 0.0003 BTC last year November with only money that left with me when I finished my program and named it investments, many of my friends started laughing that my money has gone and bitcoin will fall and is out of surprised bitcoin moved to 19k, 20k, 30k and 40k, so I'm excited for having double of my btc within some months, I want to know if I will sell it or withdraw it, because is a investment money not for spending.

It is good you followed your heart and invested in what you want and what you highly believed in without minding what your friends says or  what became of the price when the market corrected, and I believe now, they will be coming close to you for more information and possible way to get started. Now that you have gained hugely, you can decide what you want either to trade it, spend it or keep it for long term, and no one can advice you on this, you just have to decide it on your own as you know what you really want. But, just a suggestion, since you already decided it is not for spending, that means you have decided to keep it for the future, so I think you have answered the questions you asked.