Yawa2020
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July 10, 2023, 09:15:00 PM |
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A few months ago when the bitcoin market was 17 thousand USD I invested 80% of the dividend in the bitcoin market and I still hold it.
I must commend your courage to invest such higher percentage of the dividence into bitcoin as starter. Bitcoin might not fail you possibly but when you are taking risk, make sure you take it gradually from simple to complex. I don't know your worth, but what if it goes otherwise? You'll have to start from a scratch with the remaining 20% right? Your decision to invest in bitcoin is the best but you over do it since it's your first time.
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Vaculin
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July 10, 2023, 09:17:08 PM |
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From the time I studied in class eight, I used to take money from my father, uncle, elder brothers on the occasion of religious festivals. After few years I kept saving money and with the saved money I started a quail and pigeon farm. After two years of service I got a fairly good benefit from them. One day I got to know about Bitcoin by meeting an elder brother while visiting a place. After learning about Bitcoin, my curiosity increased and gradually I tried to learn more about Bitcoin and became attracted to Bitcoin. A few months ago when the bitcoin market was 17 thousand USD I invested 80% of the dividend in the bitcoin market and I still hold it. When I do any work, I trust the right thinking and decision of my own morale towards that work. I think Bitcoin will be more valuable in the next few years and maybe it will reverse but I have confidence I hold it. When investing in something there is always risk involved. I think risk is the possibility of gaining or losing something valuable.
Congrats OP on your new investment. Bitcoin will never allow you to incur losses as long as you also do your investment the right way. Know that despite Bitcoin is a risky investment, it will give you the opportunities to succeed and give you substantial profits as long as you invest and hold it at a long duration. That's why patience and perseverance are a must.
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mendace
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July 10, 2023, 09:17:41 PM |
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I can only congratulate you, if you invested when it was 17k you almost doubled your investment and I'm sure it brought you more income than your farming work. But let me tell you something, the real gain you have to get now by studying Bitcoin and understanding what it can do for you as well as make you grow economically.
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tjtonmoy
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July 10, 2023, 09:48:14 PM |
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Just hodl till it reaches the next ATH. If you don't want to take too much risk and want a good amount of profit, then there isn't any better option than Hodling. To maximize your profit and stay ahead of the game, you can choose to do DCA. This will eliminate all the hassle and risks that involve in trading and give you a great return. As we are currently still in the bear market before the bull run starts, we can do DCA which will be at our advantage in the long run. Instead of investing all at once, divide your investment asset and use DCA method.
But if you think that you don't want to take that hassle too, just keep your Bitcoin safe in a personal wallet and wait for the next bull run. Good days will come sooner than expected. cheers.
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Cryptomultiplier
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July 10, 2023, 09:53:55 PM |
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I think Bitcoin will be more valuable in the next few years and maybe it will reverse but I have confidence I hold it. When investing in something there is always risk involved. I think risk is the possibility of gaining or losing something valuable.
If history repeats itself, I can say that Bitcoin will be more valuable in the next1 year after the halving. Bitcoin with finite supply and ever-increasing demands and wallet access lost, it is inevitable that we might se Bitcoin price surging as cycles pass by. So I can say that it is a wise decision in your end to spend 80% of the money from your earnings since it will create more profit when invested in Bitcoin than recycling the profit to buy more materials to increase your business. Just make sure that you have your Bitcoin in a very secure storage and be vigilant to sell at peak and rebuy at crash in order to increase your holdings. This idea would be very easy for OP and anyone who already cultivated a saving habit from early days and is looking for better ways to make profit from saving. BTC is sure a good investment that would payoff after the halving, because an expected bull season should follow suit between 3-6months after the halving. HODLing from now with a good DCA strategy is a good idea incase the decision to invest is being pondered upon, or if it is the worst case scenario after the halving that is your fear. BTC would survive and am very sure OP would testify to the profit he makes, because am sure he has the discipline and understanding to make the best out of his investment.
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Ndabagi01
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July 10, 2023, 10:08:26 PM |
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When I do any work, I trust the right thinking and decision of my own morale towards that work. I think Bitcoin will be more valuable in the next few years and maybe it will reverse but I have confidence I hold it. When investing in something there is always risk involved. I think risk is the possibility of gaining or losing something valuable.
I admire your conviction and positive attitude towards bitcoin; not every bitcoin holder is this certain of what they've invested in. Even if you've decided to take the risk of investing in bitcoin while knowing the drawbacks associated with market volatility, you still have faith in it and have invested. You just demonstrated a trait of a skilled trader. When there is a bad trend in the market, most individuals panic and sell everything. Whatever occurs, be a bitcoin fan with the virtue of patience under all circumstances, especially if you've invested in bitcoin to reap the benefits in the near future. There is always something to give up in order to achieve something valuable. Your patience and willingness to take risks are the sacrifices you've just made in order for this to be advantageous to you in the future.
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Good_Doctor
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July 10, 2023, 10:27:57 PM |
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I think Bitcoin will be more valuable in the next few years and maybe it will reverse but I have confidence I hold it. When investing in something there is always risk involved. I think risk is the possibility of gaining or losing something valuable.
Enough with the contradictory words! Or should I say fear in your statements...on one hand you know on another hand you think 🤔. Bitcoin is always going to surprise holders either negatively or positively that's why when we buy to hold we ensure we don't do so in a rush...I would say kudos to you buying at that amount...plus or minus you stand a chance of making nice profit from it when it trends up or you won't make too much loss if it trends down (talking about bitcoin)Never doubt your instincts when investing especially when you've done much study about the stuff you're investing on which in this case is Bitcoin! We are fingers crossed 🤞
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nelson4lov
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July 10, 2023, 10:37:42 PM |
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A few months ago when the bitcoin market was 17 thousand USD I invested 80% of the dividend in the bitcoin market and I still hold it.
You did well especially since it was when everybody was afraid of what might happen to Bitcoin given the number of issues and negative sentiment at that time. In all, I admire your courage to make such an investment. Taking risks like this is something I haven't done in recent times since the ICO era dealt with me a lot. Since then, I have chosen the conservative approach when it comes to investment but it's really inspiring to see new Bitcoin users taking brave steps like this. Now you are here, my advice is to get a secure wallet to store your bitcoins if you are holding them for the long term. Thanks for sharing your story and good luck.
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rikybrosh
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July 10, 2023, 10:43:51 PM |
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it is good that you start investing since young, I hope your investment will help you a lot. my advice for you is don't blindly believe that bitcoin price is always rise, bitcoin price is volatile. it will be good if you know when you have to buy and sell. now is a good time to buy, so i hope you prepare for the next bullish market. now many people are not wait and see anymore, they are start to make a move. even bitcoin trading volume in my local exchange also rise.
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Emmanuelex
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July 10, 2023, 10:50:25 PM |
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Sure, Bitcoin will increase in value in the future. But you still have to be very careful when you're making investment. From what I grabbed, you're also into farming and most of the money you have invested are part of what you got from there. Don't do too much to the extent that it will affect your business, try to take it slow and not rush it that much, except you know that your okay already.
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Kelward
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July 10, 2023, 10:57:10 PM |
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Congratulations on making the right decision and experiencing profit. It's understandable that you feel happy about it. However, it's important not to feel regret in the event of a significant Bitcoin price drop. As a business-minded individual, you have the opportunity to take advantage of the market volatility. If you observe the Bitcoin chart, you'll notice that it has been fluctuating within a range that allows for short-selling. Although this approach carries risks, it is through taking risks that one can potentially earn significant profits.
I think that one of the basic concepts of trading in bitcoin, should be to keenly observe the chart, and knowing when to buy and sell the coin. Because if the essence is to make profit, then one must seize opportunities when it presents itself, and is favourable to sell or buy. Instead of just keeping it and waiting for the perfect time, which may not present itself in a platter of gold. Positive attitudes is however very important to help us to stay focused in bitcoin. Risk is a part of life, if we're not ready to take it, then we're not prepared to go to the next level. Of course it has to be calculated risk, so we don't make foolish mistakes.
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dothebeats
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July 10, 2023, 11:16:25 PM |
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That's a positive first impression. During my early days here, I only see bitcoin as a meme and nothing more. That curiosity grew when I found out about the 10,000 bitcoin pizza which, at that time was worth $200,000 (2014). I claimed faucets, joined campaigns, and basically did anything to get my feet wet without spending any money on it. Glad I stayed through the ups and the downs, and I'm reaping the rewards because of my subtle curiosity that grew and grew everyday.
No one really knows what will happen to bitcoin's future back then,. All I know is that it can be converted into fiat and it's possible to keep the value of whatever I have with the help of bitcoin.
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n0ne
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July 10, 2023, 11:18:41 PM |
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OP had got good experience saving money from his very young age. Another thing, he had experienced in running a business and making profit out of it. This gives him the ability to stay positive and focus on long term profit making. Every form of investment have got risk associated and bitcoin isn't an exception. The risk gets diluted when the person have got the ability to hold as well as stay long in the market without getting panic to the incidents that happens around the cryptomarket.
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Smartvirus
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July 10, 2023, 11:19:21 PM |
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A few months ago when the bitcoin market was 17 thousand USD I invested 80% of the dividend in the bitcoin market and I still hold it. When I do any work, I trust the right thinking and decision of my own morale towards that work. I think Bitcoin will be more valuable in the next few years and maybe it will reverse but I have confidence I hold it.
Good steps investing not your entire funds but your dividends which means earnings from the productions you’ve managed thus far and just 80% of that to be invested. Haven’t done this investment out of your personal research and convictions of the bitcoin innovation, you would see reasons to be proud of what you’ve begone in few years and it’s sure to strengthen your will towards the currency and approach towards new innovations within the world communities. Surely bitcoin would have some good value in the future and I welcome you not to miss out and Joel. When investing in something there is always risk involved. I think risk is the possibility of gaining or losing something valuable.
Risk as a possibility of gain… yeah, I get it that there is a loose part to it but, can we really consider risk for a possibility of gaining? Risk basically looks at the unwanted occurrences that can result. Gains or Profit happens to be wanted and I don’t consider them a risk by my definition.
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GreatArkansas
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July 11, 2023, 01:08:15 AM Merited by JayJuanGee (1) |
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(....) When investing in something there is always risk involved. I think risk is the possibility of gaining or losing something valuable.
Everything has its risks including investing in Bitcoin, you just need to control your emotions, and don't panic easily when the price starts to fall. For the rest, you should be able to store bitcoins in the safest wallet, never store all bitcoins on an exchange because this is not very good. if you have fulfilled this I think the risk will be even smaller. Let's just hope that OP is storing their Bitcoin in a safe place which is a personal wallet and out of the exchanges because recently, there are a lot of incidents happening to most cryptocurrency exchanges, you could lose your investment here. I can relate with OP because the money you invested in Bitcoin is your own, it's from your hard work and grind. Because people like these will value their money and they will be careful.
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Ale88
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July 11, 2023, 03:28:48 AM |
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I think Bitcoin will be more valuable in the next few years and maybe it will reverse but I have confidence I hold it. When investing in something there is always risk involved. I think risk is the possibility of gaining or losing something valuable.
The majority of the people on this forum believe the same, including myself. But let's not forget that at the end of the day there is always some risk involved so never forget not to invest more than what you can afford to lose, and also make sure you won't need that money in the short period. Of course at the same time if you don't take some risks you won't make money, just try to keep a certain balance.
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HajiBagi
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July 11, 2023, 05:52:58 AM |
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Congratulations on making the right decision and experiencing profit. It's understandable that you feel happy about it. However, it's important not to feel regret in the event of a significant Bitcoin price drop. As a business-minded individual, you have the opportunity to take advantage of the market volatility. If you observe the Bitcoin chart, you'll notice that it has been fluctuating within a range that allows for short-selling. Although this approach carries risks, it is through taking risks that one can potentially earn significant profits.
Risk-taking is not a big deal because without it, you won't know the value of your possessions, even if you make a profit. Bitcoin is a unique investment that has existed for a long time and will continue to do so; although some nations don't allow it, I believe that once they have more information about it, they will be the ones to lead the investing team, I would like to say that he made the right decision by choosing to invest in bitcoin, and if he puts his trust in what he is doing, he will never regret joining the forum and doing the same with his money. Today, many people have started investing in bitcoin and are continuing to do so in order to ensure a bright future. What I'm trying to convey is that investing in bitcoin is the kind of decision that, if you make the proper choice, you won't look back, even if there will inevitably be market issues with price pump-and-dump cycles and with everything else in life that involves buying and selling for profit.
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Stella Mese
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July 11, 2023, 06:12:31 AM |
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you are a diligent person and the proof is great at your young age but you can already create a company by starting a business on a farm using your own money this is an extraordinary thing.
and now you have invested your money in bitcoin and this is good progress because if young people invest in btc for the long term it will be even better as long as you have to be prepared for the risks.
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Magic-Money
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July 11, 2023, 07:11:42 AM |
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Knowledge is power and information is very important to every human, and life changes from time to time, and we are era of technology, where Bitcoin is a digital assets where, every young youths has to know about it and also go for knowledge, because is good to have the knowledge of Bitcoin before investing on it, because most people that called Bitcoin a scam has no knowledge, and is very bad some to invest his/her had earn money and no have knowledge about Bitcoin is very bad, the best thing about Bitcoin investment is share knowledge as your introduce it to anyone.
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kryptqnick
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Join the world-leading crypto sportsbook NOW!
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July 11, 2023, 10:28:49 AM |
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I'm happy that you invested at a good price and managed to continue hodling, op. I like your attitude, as I can see that you realize the risk, invest what you can afford to put into Bitcoin and are willing to wait and see how things go over the years. I think that a 5x or maybe even a 10x return over a Bitcoin investment made at $17k is pretty realistic over several years, but nobody knows for sure how things will play out. Being calm, positive, and reasonable is important when it comes to investing money, and it seems to me that the op has it all.
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