Little Bitcoin investment becoming something else

[Bobrox]

That's the power of hodling bitcoin for long. Like buying it in the bearish market, anticipate seeing many profits during the bull run.

The power of holding will earn much profitable in the future, I remember well what said by CZ ''"If you can't hold, you won't be rich" and its true for bitcoin holder.
Considering OP decision for holding bitcoin one year ago he got much profitable because bitcoin success reach new ATH price and right now earn much profitable depend how long keep hold it or OP sold out his bitcoin assets.

Its the power of holding just taking one year only bitcoin increasing more than 100% above depend with your mentality strong or not for holding or become bitcoin investor. Actually for bitcoin holding its not take scare with potential recovery faster and raise more higher price easily than keeping altcoin for long term investment.

[uswa56]

Yes, worrying will cause you to suffer losses. When investing, it is best to use money that is not actually used for daily needs. If you use it, it will certainly be a hassle for you because prices on the market fluctuate. Yes, this is the mistake of a young mother who needs money for her living. If I look at op's profile, with a fairly high rank, in my personal opinion op seems to be quite experienced in this matter, it's best not to ask again, this thread was created more than a year ago, it's different if a beginner asks, maybe he needs guidance from members others for their knowledge in investing.

Concerns are very often experienced by those who do not yet understand the investment they are carrying out well, but if they understand it well, they will certainly be able to calm down about the various conditions they are experiencing because they can have a solution to each condition they experience.
When trying to make an investment, of course we have to have the right planning and also have capital readiness to be able to achieve the investment target that we are carrying out, because if we are not ready in terms of capital it will certainly be difficult to achieve the target that we have invested in and it would be better We first prepare capital before deciding to enter an investment.

[rodskee]

When trying to make an investment, of course we have to have the right planning and also have capital readiness to be able to achieve the investment target that we are carrying out, because if we are not ready in terms of capital it will certainly be difficult to achieve the target that we have invested in and it would be better We first prepare capital before deciding to enter an investment.

people can invest no matter how huge they want of an amount but to be honest we should still take into consideration how much profit we really want to achieve because

the more capital we have the higher profit we can gain so it is still better to save some more before we start investing so we could maximize our profit

[GbitG]

of course we have to have the right planning and also have capital readiness to be able to achieve the investment target that we are carrying out, because if we are not ready in terms of capital it will certainly be difficult to achieve the target that we have invested in and it would be better We first prepare capital before deciding to enter an investment.

The first thing for a person to have before entering the market is knowledge, and the second thing is capital because you can't do anything if you don't have that. No matter how much knowledge or experience you have gained, if you don't have anything to invest, it's useless and you will need to put together a budget that you will use for your trading activities.

For those who have their capital ready, knowledge is what they need. We often see people getting too excited about it and start investing in cryptocurrencies without ample knowledge and end up losing money, it's because they hear positive things about them but they don't realize that anything in the world has two sides.

So it's essential for anyone getting into the market to have these two things because you can't begin without any of the two.

[Mate2237]

Op in the investment nof bitcoin we don't believe in short term investment but long term investment so I will also advise you to invest in long term if only you are capable and can endure the period you will set for yourself. And probably you got that profit from the investment because the price is on the high side and if you keep it for more years to come and the price soar to $100, then that amount will also increase again and another thing your have to do is, don't stop at that amount but increase the amount, purchase more bitcoin so that the profit will increase as well.

If you want to make good profit in Bitcoin then invest big so that whenever the price rise your amount will also rise. And I will encourage you to be calm and do not be afraid because definitely as the price is coming down it will still go up again.

[johnsaributua]

Investing in bitcoin is better with your own awareness and mature decisions because if the end result is the value of the money we get (fiat) I myself am sometimes not satisfied, even though he is a reliable influencer. You see, when the price continues to continue the pump I am addicted and when the price drops because I see fomo on social media I survive and am curious while lamenting the situation, ending up blaming other people's analyses, even though no one forces it because I hold the assets myself. Usually it's annoying when you need money but have to cutloss . I've been there.

Now I realise, it's better to pay in instalments with my own decisions and try to use unused money such as trading bonuses, airdrops or work bonuses. Selling when you hit the target, for example 10-25% of the entry for each coin, in my opinion, is enough, I agree that investing should be comfortable and not in a hurry to sell because of daily needs. I myself like to speculate, but it's tiring. It's better to determine the percentage. If it's too deep, it's better to just hold it for some time because so far bitcoin has never disappointed its holders for too long and hopefully.

[Samlucky O]

Before going further i will appreciate if you read my previous post Stated " How I decided to buy some fractions of BTC after discussion with members". Since on February 2, 2023 I bought some fractions of bitcoin with just NGN33,000 then which was approximately 0.001848BTC in turns of NGN37,657 almost about NGN4,657 increase (profits) do you suggest I should hold or take profit?
Usually i don't know what the market may looks like in the next 1 months to come, I missed selling at $31k since I was thinking it will gets to 40k but the market keep scaring me and you know emotion is being attached to this so I have to run down here to seek the best opinion on what to do comparing my condition as young mother who needs money for my up keep, since i don't like bothering my husband for money so i believe i can make out something good from here.

Any suggestions given here will be quickly implemented because I know we have more bitcoin lords here.

The amount you are calling profit is just very little to start thinking of selling, and the time frame of your investment is very short which is that of a trader. It will do you good if you invest in bitcoin and HODl for a longer time maybe at least 4-10 and 10-30 years depending on your capacity. Looking from the time you talked about this investment, you will notice that bitcoin price was low compeard to the current price of now. According to your explanation, on February 2, 2023 you bought some fraction of bitcoin about  #33k which was equivalent to 0.001848BTC which the price of btc was around $23,468.60 then, now the current price of bitcoin now is $64,110.62 meaning that your 0.001848BTC will have given you a total of $117 approximately #178k  just within the intervals of 1year plus, then if you leave it up to atleast 5-10 years tell me how much you could make? Obviously you will have made yourself more profit. So bitcoin investment is good for a longer time duration intervals

[Sonia_123]

When investing in Bitcoin, you need to have confidence in it and not being scared,no matter the amount or the ups and downs in the market price ,one needs to be courageous,if not, you will quickly move out and in other for your investment to be more profitable in Bitcoin,it has to be for a long-term, that is the longer you keep holding and accumulating, for like 5 years to 10 years, the higher you go , no matter how little you start investing with.

[johnsaributua]

When investing in Bitcoin, you need to have confidence in it and not being scared,no matter the amount or the ups and downs in the market price ,one needs to be courageous,if not, you will quickly move out and in other for your investment to be more profitable in Bitcoin,it has to be for a long-term, that is the longer you keep holding and accumulating, for like 5 years to 10 years, the higher you go , no matter how little you start investing with.

That's a good goal and a reasonable suggestion if you look at the sytory 5-10 years ago on the price of bitcoin. I agree that hodl er is the winner, if you already have that perception there are some people who have not sold bitcoin until now. A diamond hand will continue to fill his bag with a few satoshis for the long term and forget about speculating every day (waiting for the exit trade to continue analysing). The fact is that I haven't been able to even though it is recommended by many people and even very good for beginners who just have bitcoin though. bitcoin is an asset that is more often pump or quite stable, sometimes if I sell too quickly I regret it but because of the need for other projects I have to take it for the continuity of my activities.

[ultrloa]

When investing in Bitcoin, you need to have confidence in it and not being scared,no matter the amount or the ups and downs in the market price ,one needs to be courageous,if not, you will quickly move out and in other for your investment to be more profitable in Bitcoin,it has to be for a long-term, that is the longer you keep holding and accumulating, for like 5 years to 10 years, the higher you go , no matter how little you start investing with.

Getting afraid on things that you want to do is normal. No people can easily shave off the risk since we know bitcoin is so unpredictable that's the reason lots of people got scared to invest on this asset because they know that market is so volatile.

But if they have good goals then learn all the process and study the market technicalities including its unpredictable nature. For sure that those new investors can figure out that bitcoin is the best asset to investment that they should grab. If they aim for long term maybe they can only get low results from this. But if they aim for long term which is really best for bitcoin then they could able to get the most desired result since for sure that from that they could potentially earn huge by waiting for bitcoin price to grow.

[Onyeeze]

If you think that this much profit is fine for you then you should sell it because when to sell or buy is your decision which should not be influenced by any other members.The prices can go down from here which might make you sell at even low and loss also but if you can hold it for next few months then you can get returns also which will be more then current one.So you have to make these moves on your own.

if I am the one I don't think that I will sell any one, if I invest neither cryptocurrency example Bitcoin and the thing result out positively I think about what I will do is to make sure that I have a target and immediately the target I have a lapses I will make a withdrawal immediately, there is something some people does not understand when you come into investment, it is obvious that investment comes with a loss and they also with gain so if you have your strategies of making a profit you will not be bothered of when the price is going to be against you and when the price is going to profit you, the time frame matters for any investment you are into, but the most important thing you should know for any investment, is that you should not be greedy in any investment you make.