18, holding my bitcoin and looking forward :)

[Cyberbex]

I am 18 yo
schooling in private college
I flip stuff for cash part time regularly to make some extra cash

I have 1 Bitcoin @ 29k  & I keep about $3000 in cash in my bank as emergency fund

I have 3 months study break so I am most probably gonna take on a job to fund the bitcoin , trying to fund as much as I can before the halving in 2024

I have been researching on bitcoin for a few months now and by researching I meant like the purpose of bitcoin and I see how it is so much better than fiat(cash) . The only thing that can stop bitcoin is probably the government. After understanding the purpose of bitcoin it gave me more confidence on buying it and not seeing it as a 'investment' but more of a freedom digital currency.

I am gonna start deciding to sell it at end of 2024 , but I guess i could wait till end of 2025.

Hopefully bitcoin can save me from this crazy inflation and break me out of this financial crisis.
If you guys have any tips , do let me know ... I would be very grateful for it.

[1714939977]

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[Knight Hider]

The only thing that can stop bitcoin is probably the government.

No they can't.

--Knight Hider

[Upgrade00]

Instead of putting a time frame to sell why not have a price target. Rather than planning to sell in Kate '24 or early '25 you can target when Bitcoin reaches $100k in value or more?

This is a suggestion cause the price does not always rise at the time we expect, as Bitcoin matures the cycle changes slightly to adjust to the newer investors and response from traders to market conditions.

If you guys have any tips , do let me know ...

The security of your Bitcoin is the most important factor;
• Do not store on an exchange
• Use an open source hardware wallet or software wallet on an airgapped device
• 1 BTC is a significant amount, you should not be telling strangers on the internet or offline how much Bitcoin you're worth.
• Have a savings plan - https://bitcointalk.org/index.php?topic=345065.0

[Latviand]

If you guys have any tips , do let me know ... I would be very grateful for it.

Don't marry the bag, sell it when you know that you've multiplied your profit to a staggering percentage, you will always be able to get back to bitcoin even if you sell your bitcoin because the price will eventually correct itself so just keep a watch on what's happening on the market and the price of bitcoin so you know what to do next. If you're unfamiliar with the saying that I've said, I'm basically telling you to sell your bitcoin when the price is pumping and the sentiment of the market is that it's nearing the peak, aim for that peak when you sell.

[Zaguru12]

Hopefully bitcoin can save me from this crazy inflation and break me out of this financial crisis.
If you guys have any tips , do let me know ... I would be very grateful for it.

Yes bitcoin is a great store of value and this has made it an asset that hedges against inflation, so it is a very good investment plan if you’re holding for that long.
Concerning it breaking you out of a financial crisis, if I guess well you mean it making you rich. I would say there are two ways to this, many people are of the belief that it is not a get rich quick scheme but surely with its volatility it is also a great return on investment. So getting you rich definitely depends on the amount you invested. It has the potential to grow your investment into 2x or more your invested amount. So base on your determined date of taking profit which I would also advise you should state it out on price tag, you could be able ti double your investment then.

My tip is just like what Upgrade00 pointed out, the security of your funds is definitely a priority I wound advise you take this amount off anything exchanges and purchase a hardware wallets. I would have simply said a cold wallet but your current investment amount huge that a hardware wallet shouldn’t be that expensive to you. Or you can just setup an airgapped of any prominent cold wallet like electrum.

[Yatsan]

I am 18 yo
schooling in private college
I flip stuff for cash part time regularly to make some extra cash

I have 1 Bitcoin @ 29k  & I keep about $3000 in cash in my bank as emergency fund

I have 3 months study break so I am most probably gonna take on a job to fund the bitcoin , trying to fund as much as I can before the halving in 2024

I have been researching on bitcoin for a few months now and by researching I meant like the purpose of bitcoin and I see how it is so much better than fiat(cash) . The only thing that can stop bitcoin is probably the government. After understanding the purpose of bitcoin it gave me more confidence on buying it and not seeing it as a 'investment' but more of a freedom digital currency.

I am gonna start deciding to sell it at end of 2024 , but I guess i could wait till end of 2025.

Hopefully bitcoin can save me from this crazy inflation and break me out of this financial crisis.
If you guys have any tips , do let me know ... I would be very grateful for it.

Starting it young to engage with any investment is a good thing already. And with your case I'm glad that you know things already such as not putting all of your money into this technology simply because you want to earn profit. Indeed this blockchain is a profitable asset and a useful digital currency as we all know but problem arises from an investor's mindset. Some are having too high hopes and that is why they are going all out on their first investment, which worries them 'coz it is all or nothing scenario. On the same instance  they do tend to panic most of the time which affects their decisions on their investment. But Bitcoin won't be enough to break financial crisis and inflation related issues 'coz that is related to a country's economy and you're just you.

[Z-tight]

Hopefully bitcoin can save me from this crazy inflation and break me out of this financial crisis.

I don't know your nationality, but if you're holding one BTC like you said, which is over $29k, then that is a huge sum of money in many countries, especially in third world countries, so i don't think someone in financial crisis would be able to accumulate one BTC. You also said you are 18 years old, and it is surprising how you could accumulate one BTC at that age and also have over $3000 in the bank from 'flipping stuff for cash".

If you guys have any tips , do let me know ... I would be very grateful for it.

You can start by telling us the wallet you are using to hold your BTC and also how safely you backed up your seed phrase.

[BlackHatCoiner]

I have 1 Bitcoin @ 29k  & I keep about $3000 in cash in my bank as emergency fund

Tip: don't dox yourself on the Internet. You're putting yourself in danger for absolutely no reason.

The only thing that can stop bitcoin is probably the government.

The millions of attempts from governments across the world should have convinced you it's unstoppable already.

I am gonna start deciding to sell it at end of 2024 , but I guess i could wait till end of 2025.

When selling it, be careful and use a peer-to-peer exchange. Centralized exchanges like Binance have gone full anti-bitcoin in the last years. Don't ever submit KYC in those places, and sell in small portions.

[Odusko]

Hay mate, let me ask you a quick question,  since you put a time frame to your sell position, what happens in the event the Bitcoin price at that time become lower than your bought position?
I know how unpredictable Bitcoin has been, but it is important to note that Bitcoin supplies reduce at each half.

[sunsilk]

I'd say that you're doing a good job and at that age, only a few can manage to take risks because all they want is to secure their future. While you, you're basically doing the same thing but understands more the risk that you're taking.

The only thing that can stop bitcoin is probably the government.

They can't but even they have the authority to ban Bitcoin, give sanctions to exchanges. It has been proven that with or without them, Bitcoin will continue as long as there are miners and there's the demand.

I am gonna start deciding to sell it at end of 2024 , but I guess i could wait till end of 2025.

Hopefully bitcoin can save me from this crazy inflation and break me out of this financial crisis.
If you guys have any tips , do let me know ... I would be very grateful for it.

Sell when you are satisfied. And when I say satisfied, you're in profit and don't be hasty in getting those gains. The right time will come.

[thecodebear]

I am 18 yo
schooling in private college
I flip stuff for cash part time regularly to make some extra cash

I have 1 Bitcoin @ 29k  & I keep about $3000 in cash in my bank as emergency fund

I have 3 months study break so I am most probably gonna take on a job to fund the bitcoin , trying to fund as much as I can before the halving in 2024

I have been researching on bitcoin for a few months now and by researching I meant like the purpose of bitcoin and I see how it is so much better than fiat(cash) . The only thing that can stop bitcoin is probably the government. After understanding the purpose of bitcoin it gave me more confidence on buying it and not seeing it as a 'investment' but more of a freedom digital currency.

I am gonna start deciding to sell it at end of 2024 , but I guess i could wait till end of 2025.

Hopefully bitcoin can save me from this crazy inflation and break me out of this financial crisis.
If you guys have any tips , do let me know ... I would be very grateful for it.

If you sell in 2025 just be sure to buy back on the crash in 2026.

Or you can just hold onto all the bitcoin you buy for the long term so that by the time you are in your 30s you will be wealthy, and not have to worry about selling and buying back.

[Faisal2202]

You have made some good achievements and I am happy for you. Because you are still 18 and have 1 BTC in your holdings. And I am older than you and don't have even 0.1 BTC yet. But I am making some savings to make that possible. And I am very impressed with your motivation about getting money in your hands at the age of 18.

Because, today's generation only thinks about, clothes, Dates, fashion, cars, etc., etc. But you might be the next Iman Ghadzi, Biaheza, or Jordan Welch. IDK what you will become but make sure to encourage others too.

Coming back to your statements, I prefer you to not to sell BTC in 2014 and should wait for the next bull run at least. It's not financial advice (hmm I think it is) but I'm saying so don't take it as financial advice. And DYOR before selling on my advice. I said it because in Bull Run BTC might touch or maybe cross $100k.

So, be consistent and be hardworking to increase your saving portfolio from $3000 to another $30,000.

[Dunamisx]

I am gonna start deciding to sell it at end of 2024 , but I guess i could wait till end of 2025.

It may not really be at the end of the year 2024 or you waiting till 2025 but once you achieve what us close to $100,000 or more after the next year halving is good enough for you to sell out what you have invested, after a new all time high comes high volatility for more bear and bull.

Hopefully bitcoin can save me from this crazy inflation and break me out of this financial crisis.

You've already made a good decision having $29,000 worth of bitcoin in savings and only $3,000 in your bank for emergencies, your decisions aren't bad, just keep holding till then, bitcoin will provide you with every necessary results needed for your investment.

[Captain Corporate]

This gives me so much hope, all the kids out there should buy bitcoin and keep holding as long as possible. Do you realize how long an 18 year old could keep their coins? I mean we are talking about (on average) somewhere over 50 years, could be as long as 60 years and more. In a world where we have 4 year cycles, that is 15 cycle, so think about how big bitcoin could get. One person could just get one single purchase at 18, and no matter how much they get (unless its like 10 dollars) they could literally be wealthy by the time they die. That is a huge huge amount and they could be very well rich while they are living as well, in case they would need something that is life or death situation.

[Frankolala]

Interesting,you have 1BTC and I hope that you are not using a centralized platform to store your coins,because 1BTC is a big funds and keeping it safe from scammers should be your priority. Use a noncustodial wallet like electrum on an airgap device. Not your keys,not your coins,be in full control of your bitcoin investment.

You should know that the price of bitcoin will pump high and I will suggest that you should have a price target so that if bitcoin reaches that price you can sell of because nobody can predict the actual price bitcoin will hit in the next ATH. You are still very young and I know that with your little knowledge on bitcoin, you will have a successful bitcoin journey. If you can hodli for the next two circles,you will make higher profit

[Popkon6]

Hopefully bitcoin can save me from this crazy inflation and break me out of this financial crisis.
If you guys have any tips , do let me know ... I would be very grateful for it.

Yes bitcoin is a great store of value and this has made it an asset that hedges against inflation, so it is a very good investment plan if you’re holding for that long.
Concerning it breaking you out of a financial crisis, if I guess well you mean it making you rich. I would say there are two ways to this, many people are of the belief that it is not a get rich quick scheme but surely with its volatility it is also a great return on investment. So getting you rich definitely depends on the amount you invested. It has the potential to grow your investment into 2x or more your invested amount. So base on your determined date of taking profit which I would also advise you should state it out on price tag, you could be able ti double your investment then.

My tip is just like what Upgrade00 pointed out, the security of your funds is definitely a priority I wound advise you take this amount off anything exchanges and purchase a hardware wallets. I would have simply said a cold wallet but your current investment amount huge that a hardware wallet shouldn’t be that expensive to you. Or you can just setup an airgapped of any prominent cold wallet like electrum.

Bitcoin is one of the ways to grow your wealth. All holders who have accumulated bitcoins so far have seen dividends. If proper time is invested then surely you will get success. You hold bitcoin but bitcoin halving is coming in 2024 so definitely better to wait for halving. Bitcoin investment is best done for long term as everyone has high probability of two to three times increase in Bitcoin price overnight in next year 2025. So I think you should definitely wait till 2025 if you want to achieve better.

[ZAINmalik75]

I have been researching on bitcoin for a few months now and by researching I meant like the purpose of bitcoin and I see how it is so much better than fiat(cash) . The only thing that can stop bitcoin is probably the government. After understanding the purpose of bitcoin it gave me more confidence on buying it and not seeing it as a 'investment' but more of a freedom digital currency.

I am gonna start deciding to sell it at end of 2024 , but I guess i could wait till end of 2025.

Hopefully bitcoin can save me from this crazy inflation and break me out of this financial crisis.
If you guys have any tips , do let me know ... I would be very grateful for it.

In my view, even governments have no power to stop bitcoin because it is decentralised. means it is not managed or controlled by any single entity or government. This means they could not stop Bitcoin, but they could ban or restrict the usage of exchanges, whether they are centralised or decentralised, to buy BTC. Such as the US banning Binance from providing their product to US Citizens.

But the implementation of such big laws is not that easy, and the level of ease depends on the country. Because some countries are banning crypto and capturing those who are involved in it. But some countries are promoting it. So, in which country are you? Will help you gain more BTC, and you should not worry about Governments.

Bitcoin had saved a lot of people from inflation and made them financially independent. My only tip for you is to avoid getting into fud because that's what's currently going on in the market. People will say the market is going to boom in 2024 or 2025. But you have to make up your mind about the profits you are expecting. Because if you are satisfied with your decisions, you will not regret them later, even if you have to bear some losses.

[Blitzboy]

I like how you see Bitcoin as a tool for financial independence rather than just an investment. Digital is the future, and you're early. During the halving event, things usually get electric. Given inflation and economic instability, Bitcoin may be our lifeboat. Keep up with crypto developments and research. Participate in Bitcoin forums and learn as much as you can. Selling Bitcoins in batches may be a good idea. You never know how high Bitcoin can go. Consider selling in phases instead than all at once.

[famososMuertos]

I think his context makes it clear that he is capable of taking on his responsibilities, a balance between the academic training part and ambition is essential, but remember that information is vital and it is not always good to be giving out so much insider information.

On the other hand, your speculation may come true, that is, 2024 and 2025 occur as you have planned, but it is also possible that this fact does not occur precisely on those dates, then, perhaps it would be the appreciation to control and You have a plan b, that is, whenever we project in relation to the price, hence things don't go as planned.

[Distinctin]

If you continue to chase bitcoin with your proper mindset, I know in the end you will achieve a great amount. You know, it’s seldom to see people in these days seeing bitcoin as a good currency since most of them would only want to invest only because of its high potentials to succeed. So keep going and be more motivated to learn about the utility case of bitcoin. In the end, not only you will end up having huge amount, but you will also come to promote bitcoin usage and adoption with your positive mindset about the freedom that only bitcoin has.