If You Buy btc Today and cash out one year

[GreatArkansas]

If You Buy Today and You dont touch it before one year but You also dont read the news of btc bans and fuds   then You Will be wealthy.
(....)

One year is not enough for me . I have been holding Bitcoin for almost 3 years now and that is still a short period for me even I read the news about Bitcoin.
What is best for me is THINKING LONGTERM. Stacking Bitcoins anytime or using the dollar-cost averaging(DCA) method to buy Bitcoin is also the best method if you are planning to hold Bitcoin long-term.
To be honest, if I want to buy Bitcoin now and cash out for a year, it seems not fair to me since I am using my extra money to buy Bitcoin and if I don't need any funds after one year, there is no reason I will cashing out it at all.

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[AniviaBtc]

We all know that bitcoin has a limited supply and by that, when demand increases, its price will really go high in next few years.

The longer you hold, the higher the profit that you can get with it because it is considered as a safe haven for some investors.

But you can still make bitcoin profitable if you want to trade it in the market.

The only difference is that it includes high risk with a higher reward compared to just holding it in your wallet.

[Lorence.xD]

That really depends because if the price of bitcoin one year from now has gone down less than the price that you have bought bitcoin then you might not profit exactly, I mean there is an uncertainty in bitcoin so saying that hodling it for one year doesn't guarantee you a profit.

[acdc]

That is not entirely true, no one can say with certainty whether BTC will rise or fall in the future. In the crypto market everything is possible, chances are he will lose all of his money after just one year.

If its so risky why we need this?

The crypto market is risky but the returns it brings are also enormous, so people invest in and seek profits.
Of course everyone has a different assessment of this market, you can invest based on your own.

[Argoo]

No one can guarantee that bitcoin will rise in price in a year in comparison with the current price. Even the fact that while, in general, bitcoin is growing in value every year, this is also not guaranteed for the future. Investing in cryptocurrencies, including bitcoin, is always associated with moderate risk. Therefore, it would not be entirely correct to say that bitcoin holders in a year or a few years will become richer. This may or may not happen.

[yazher]

That's how history goes but still, that's just another speculation and everything will change according to the trend of next year and this kind of theory is not always go as we think of it. Just like what happened in the years 2017 and 2018. Imagine when you invested in the last month of that year and check the price in the last month of next year. Investing and not checking every day or once a week, is not a good idea at all.

[Strongkored]

If You Buy Today and You dont touch it before one year but You also dont read the news of btc bans and fuds  then You Will be wealthy.
As history have showed us its not a trading or ta or other Type of trading.
The most wealthy with btc are those who dont give s about corrections they just hodle one year or longer.

Most of the newbie  traders even Will be rich of crypto If they will not read news about crypto or btc at all at least one year.

That's not what you can do when hold BTC, on the contrary it is very possible for you not to read news and so on if you save shitscoin, why because BTC is now very popular, many media continue to report good news and vice versa. Meanwhile, chances are you will find it difficult to find news about it, even looking for development updates is sometimes difficult to get. How long people can hold BTC, I think it really depends on theirs purpose for hold BTC, and also the community where you discuss about crypto.

[doctor877]

no one can really say what the next one year will be like, profiting might take more than a year or two, so people who are prepared to hold for long time are not bothered about price at any moment until they have successfully held for any number of years they wished or attained a profit level they want by setting a notification for it. having this kind of plan will keep you off of checking price everytime which is not needed. it also goes along with having a strong determination.

[bitterguy28]

If You Buy Today and You dont touch it before one year but You also dont read the news of btc bans and fuds  then You Will be wealthy.
As history have showed us its not a trading or ta or other Type of trading.
The most wealthy with btc are those who dont give s about corrections they just hodle one year or longer.

How come that the Holder will not see News when it is al around the places when you are in crypto world?

Most of the newbie  traders even Will be rich of crypto If they will not read news about crypto or btc at all at least one year.

Lol you are not serious right??

because there is a situation when the price of Bitcoin dumps in the following year so what will happen to those who holds for year?

[pooya87]

Most of the newbie  traders even Will be rich of crypto If they will not read news about crypto or btc at all at least one year.

Considering the fact that all the altcoins have been dumping ever since 2017, bag holding any of them has left people with massive losses up to 98%. So in other words the altcoin bag holders only have 2% of their initial investment left in their bags.

[so98nn]

Similar to others I am with the opinion that we must keep looking after our portfolio now and then. You can't just ignore it completely and that is also not perfect way to multiply your bitcoins. There are stuff viz., day trading, stop-loss, limit market. You can sell high and when btc is at its lower side then buy from these profits. Keep repeating such cycle and see your portfolio grow a lot. I guess that is the perfect way to do it.

Indeed I agree that just holding and forgetting about your coins could be beneficial. But at this point average person can't afford to buy whole bitcoin and there won't be much change in your portfolio if you are holding 500-1000 bucks. For better change, a little hard work is needed for sure.

[maxreish]

Setting it only a year, I dont think it will make you rich. In a span of a year there will so many possible sideways, bearish times. What if you bought at 50k usd today and then you hold it and set to sell one year from now and then bitcoin crash half of your bought price?

You should just set your target profit regardless how long you hold your bitcoin. If your target profit hit, you can actually sell it off even you didnt reach that one year.

[adzino]

If You Buy Today and You dont touch it before one year but You also dont read the news of btc bans and fuds  then You Will be wealthy.
As history have showed us its not a trading or ta or other Type of trading.
The most wealthy with btc are those who dont give s about corrections they just hodle one year or longer.

Most of the newbie  traders even Will be rich of crypto If they will not read news about crypto or btc at all at least one year.

So what makes you think that the next year, the price is going to rise more than now? You might even end up with half the money you invested next year lol. This is not how you should be holding. The best way is to make a profit (or a loss) goal and then keep on holding. If needed hold for several years. Once you reach the goal (or you are exhausted), then cash out your profit and reinvest your capital if you want to. And remember, sometimes it is good to let go or sell instead of holding forever. I kinda feel like hodl forever is somewhat toxic and harms everyone in a negative way.

[Kasabus]

Can't tell that in crypto, unlike if you do the deposit in the bank and in a certain time you will cash out and have some earning percentage but here in crypto, not all had paid off especially when you buy Bitcoin during the bullish season. We can't just ignore the volatility and if we spend time looking on the chart and see the event next to Bullrun is declining might what we see, and that seems possible to happen next year.

If ever we invest now, we have to check the market trend and I think we don't need to set a time when to sell it as it matters also on the price to be rewarded with profit.

[shoreno]

thats okay if it fuds but bans are serious . whenever there is a country that bans btc the price of btc will fall and what if the ban happen not only on 1 country  . more looses for you before you reacted because you never open the news once in a while . monitoring the market is important and it wont mean that you will be tempted to sell because thats a different case anymore .

[cryptoboss2020]

thats okay if it fuds but bans are serious . whenever there is a country that bans btc the price of btc will fall and what if the ban happen not only on 1 country  . more looses for you before you reacted because you never open the news once in a while . monitoring the market is important and it wont mean that you will be tempted to sell because thats a different case anymore .

Well again its a way for others to buy cheaper.
And Bitcoin cant fail its future project.

[ahadudzaman]

Yes,you are right. My one friend earn some bitcoin in 2019.  He has not proper knowledge about bitcoin or  crypto currency. At the end of 2020,suddenly he enter the coinbase account and he was shocked. At now, he has $125 bitcoin. So, if anyone buy bitcoin and cannot think about it during one year. Hopefully he will earn a great profit.

[isaac_clarke22]

That could be when it was still back in 2013.
Remember when people were looking to dip below $10 behind those years.
Dang I could've been a millionaire if I was like one of them already.

[Anonylz]

If You Buy Today and You dont touch it before one year but You also dont read the news of btc bans and fuds  then You Will be wealthy.
As history have showed us its not a trading or ta or other Type of trading.
The most wealthy with btc are those who dont give s about corrections they just hodle one year or longer.

Most of the newbie  traders even Will be rich of crypto If they will not read news about crypto or btc at all at least one year.

Yeah bro this has been proven overtime, those who benefit more with btc are the patient ones who buy and hold for long term, all you need as a holder is put your btc on a secured wallet and let them be, take your mind off it (if you can), spend your time pursuing other beneficial means then check back in about a year or two and see how amazing your portfolio would look 
in reality, only few people can do this, many of us are used to constantly checking the market and given ourselves unnecessary headace.

[Golftech]

If You Buy Today and You dont touch it before one year but You also dont read the news of btc bans and fuds  then You Will be wealthy.
As history have showed us its not a trading or ta or other Type of trading.
The most wealthy with btc are those who dont give s about corrections they just hodle one year or longer.

Most of the newbie  traders even Will be rich of crypto If they will not read news about crypto or btc at all at least one year.

Yeah bro this has been proven overtime, those who benefit more with btc are the patient ones who buy and hold for long term, all you need as a holder is put your btc on a secured wallet and let them be, take your mind off it (if you can), spend your time pursuing other beneficial means then check back in about a year or two and see how amazing your portfolio would look 
in reality, only few people can do this, many of us are used to constantly checking the market and given ourselves unnecessary headace.

Agree to that! there are only few people who'll be able to avoid opening any information about their investment,

Most of the time, investors always check what are the condition of their assets, once they've seen that there 's changes

happened either way, both positive and negative they'll forcely take their moves, if you have that attitude treating your

investment as long term savings, just buy and keep it safe then forget. The benefits is you are not thinking or worrying

just trust your instinct and move forward.