18, holding my bitcoin and looking forward :)

[Kasabus]

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.

Even the government cannot stop bitcoin for good. They can always ban or restrict it, but they can never put an end to bitcoin seeing a lot of bitcoin investors and traders are doing it secretly, away from the eyes of the government. Also, do not think that bitcoin will be good enough to sell at a certain year. You might be discouraged thinking for that especially if the opposite has happened instead. My advice is, sell if there are possible profits. But only a portion of it, not your whole bitcoin.

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[BitcoinBoomer]

BTC good job, i would not tell anyone about your holdings.

[BitcoinPanther]

I agree with one of the reply that instead of setting a timeframe, I think setting a target price is much better.  We all know that Bitcoin is highly volatile, if in chance the price of Bitcoin is below than your buying price, would you sell it at a loss?  

Also, I do not need think that there is a need to expose your funds, asking question and seeking advice without revealing how much you hold is way safer since there are lots of scammers and opportunist that does not care about other people in the internet.  By exposing how much you have might put you in some uncomfortable situation cause by these kind of people.

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.

The government may not stop the Bitcoin network because of its decentralized nature, but they can put pressure or even stop the adoption of Bitcoin in their country.  The government can limit the economics of Bitcoin by continuously putting pressure to its market.  We are lucky that each government have different view about BTC.  If they are all against it, then I do not know if Bitcoin market will exist normally just like today.

[Casdinyard]

Kudos to you for being able to save that much at such a young age. That's more than what most of us could do for themselves and I applaud you for that. As for your sell target. Like what others have stated here I say you put in a price target instead of a specific date as it gives you a much clearer goal to achieve than just saying that you'll sell it by the end of the year, makes it so that you're able to close out a positive sale too which is heavily necessary especially with how things are going so far. Plus you can't really rely that much on bitcoin to move you out of financial turmoil anymore since it's a volatile asset that could 100 to zero you in a matter of a day (although theoretically) which is something that certainly isn't going to be your biggest bet, so invest wisely, do your own research, and don't let FUD take over your thinking.

[Oasisman]

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.

2024 or 2025? too early! but I seriously admire your passion to break free financially for someone who is at that young age. Me, when I was 18 all I do is play video games and went to school to end up to a good paying job eventually, which is not wrong though, but lacking to venture and study more about how to earn more than what the high paying jobs could give you.
Now, while you're still in college, my advices is that, keep stacking those bitcoins wait for the right time to sell it. Maybe a year after you graduated when you decide to run your own business. The profit you could have with bitcoin in the 5 years would be enough to fund what you might need to put up any kind of business model you want in the future.
I personally can consider selling in 2024 or 2025 If I have set a target, let's say $100k and then bitcoin hits it eventually. Well, that's like 300% of profit from your entry point, so not a bad decision. 

[Mrbluntzy]

The government can place some level of ban on Bitcoin that can hinder citizens from adopting Bitcoin freely but they can not permanently stop Bitcoin, despite the ban that have been placed on Bitcoin in some countries, some citizens in that country are still secretly accumulating Bitcoin.

Bitcoin can save your fiat from crazy inflation but to solve your financialy crises, am not sure it can totally do that for you but it can support your financial lifestyle. If you want to end your financial crises, you will need some other means of income like other investments and a job but if you only depend on Bitcoin, you will not easily end the crises that you are talking about.

[Forever101]

You  have good ideas and aspirations towards financial breakthrough, however I will advice that you use a strategic selling techniques in other to make more profit. For instance , you can set price target from which you take profit  by selling portions of your Bitcoin holding.. totally exiting the market at once and then waiting for another deep is not too healthy as it may affect your profit if the  price continue going up.

[Rengga Jati]

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

Glad to see someone so young interested and even wanting to invest in Bitcoin, glad to know you and welcome.
At this age, and already thinking about many things, that's an extraordinary thing. Getting a part time job while still in school, and continuing to want to increase income on the sidelines of school holidays is also an extraordinary activity for your age. Because maybe a lot of kids are just having fun at this age. Especially by seeing how you get money and dividing your money to invest in Bitcoin and also saving cash for your needs, this is actually a pretty good step.

It's just how in the future you will do various money management again. I'm sure you probably already know a bit about how crypto works, because you choosing Bitcoin is a very good and smart decision. Sometimes beginners prefer hype coins at the beginning of their investment career which results in big losses. But here, investing in Bitcoin is the best thing.

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

None can predict the market exactly true 100%.
But, if I were you, I think I will wait until the bullish era and Bitcoin passes its previous ATH. Commonly, the price will be rising up significantly in the bullrun and you can wait it for several periods after halving. And based on predictions, there is a big possibility in 2025.
But again, this will depend on how you manage your finances, you don't need to push yourself, the important thing is that you have earned profits and you yourself know your financial condition.

Oh, one more thing, if you want to invest and wait until 2025, it looks like you have to be vigilant in 2025. Make sure you see how the market is developing, take profits when you feel you've had enough. Because after all, sometimes we become too greedy and end up regretting that we have lost the moment or are too late to take profits.

[Fivestar4everMVP]

Government like we all know have tried, i mean government like china, this guys have tried, plus a host of others, they have tried and still trying, talk about the Security and Exchange commission(SEC) and some other financial security agencies, they keep trying and have never succeeded, if this guys have tried to stop bitcoin for this long and have continued to fail, it only proves one thing, and that is the fact that this guys can never succeed, and bitcoin can never be stopped.

And also, like upgrade said, better to have a price target to sell, than set a time period, think of it this way, what if by the end of 2024, the price of bitcoin is till at this same level, or just slightly higher, wil you still go ahead and sell? @op.

[LogitechMouse]

~
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.

It's always good to see young people putting their time, and researching with regards to Bitcoin, or into different types of investments.
People of your age here in our place don't even know what investment is. What they only know is buying their wants, expenses, liabilities, and wait... watching Tiktok videos that only entertains them, and not learning something thru it.

Unfortunately, not all young people are even interested in investing. Anyway, the government can ban the use of crypto in their own country, but there's a thing called VPN, so I guess you can still access it privately. You said you want to sell it at the end of 2024. You're a believer of the 4-year cycle, eh? Anyway, that's also my target, or at least when Bitcoin reaches my target selling prices, but I might sell most of my Bitcoins when it reaches $100,000.

Tips? I guess many here already gave some tips to you, but if I'll give one, I guess it will be to keep yourself lowkey because you don't know what might happen to you outside your house especially if you are saying to all people around you that you are holding that amount of Bitcoin. I'm holding way lesser Bitcoins than you have, but I don't want to share it to anybody because it might affect my safety.

[lionheart78]

Government like we all know have tried, i mean government like china, this guys have tried, plus a host of others, they have tried and still trying, talk about the Security and Exchange commission(SEC) and some other financial security agencies, they keep trying and have never succeeded, if this guys have tried to stop bitcoin for this long and have continued to fail, it only proves one thing, and that is the fact that this guys can never succeed, and bitcoin can never be stopped.

I highly agree, the thing that happens in this failed tries is Bitcoin being more resistant to news about government being anti-Bitcoin.  In the earlier years, Bitcoin tends to react wildy when some news was issued about the government taking negative stance about Bitcoin, and most of these news came from China but now  whenever there is news about China being negative on Bitcoin, the Bitcoin market almost don't mind and have no reaction on it.

And also, like upgrade said, better to have a price target to sell, than set a time period, think of it this way, what if by the end of 2024, the price of bitcoin is till at this same level, or just slightly higher, wil you still go ahead and sell? @op.

I also go with this idea.  It is better to have something fixed to target than something variable.  At least we will know the actual target price to sell after all we are looking for profit on this trade so it is better to set a target profit in our investments.

[n0ne]

If governments were able to have control, then long back itself any of the government or few country governments have united to have control over it. This isn't possible and same serves as the hindrance for the governments. For that purpose only, the governments have feared bitcoin and opposed the usage and tried to restrict people from using it.

Holding 1BTC is really good and the plan should be to sell and make a buyback once the price falls down. One should be careful with the trading practice too, because the same have the ability to increase the volume of holding.

[Bananington]

You are doing quite well for yourself I must say. Not many newbies would have such courage to HoDL, even if it is a fraction of the 1BTC you currently hold, mostly with the information of the halving bearing down for first quarter of next year 2024.
It is also wise to wait till 2025 before either selling or reinvesting you HODLing. At the very least we can agree that you seem ready to ride with other BTC holders during the halving.
Although the bull market season will be expected to follow afterwards, if you can remain focused in your HODLing and take time to carefully analyse how best and what best investment would fit your portfolio, it would save you more energy during harvest time.

[Asuspawer09]

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.

Wow, you doing well mate, Congrats! Sell at the end of 2025 that is probably where the Bullrun is since Bitcoin halving is around 2024 the expected pump will be around 2024-2025 for sure.  I did start on cryptocurrency as well when I was a student, when I was in college as well and it was really great to know this kind of stuff because I was able to earn this amount of money, I mean as a student this kind of money was only earn but someone who has a job so I was really happy about that. But I guess the advice I could give you is to actually invest in a passive income when I earn a good amount of money when I was a student, I didn't really have the right mindset, my mindset was it's okay for me to spend my money on things just because I'm still a student and eventually I'm going to land a job and that is when I'm going to start saving.

When you already have the money invest it on something that could give you passive income, it wasn't need to be something like a business since your still a student, the safest investment could be real state, something like a rental apartment is great since it could provide you income monthly.

[sysoe]

Wow, you are so smart and ambitious. I wish I was like you when I was 18. I was too busy playing video games and partying. HODL and good luck!

[NotATether]

Don't sell your coins in 2024, the price rocket will not hit so early then. Wait until 2025, when there are reports of extreme buying that pumps the price up perhaps to $100K or maybe even higher, and that would be the perfect moment for you to sell if you really want to do that.

Just make sure you have an exchange ready and did your KYC because I can't see many exchanges letting you cash out that much without it. (And stay away from Binance.US)

[BALIK]

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.

You don't consider bitcoin an investment but consider it a digital currency. Is that real? While you are expecting it to increase in 2024 or 2025 for you to sell it and make a profit. You are even expecting bitcoin to be your savior, saving you from inflation, the crisis that fiat is causing. That means you're treating it like an investment, man. Many people are funny, they always say they only consider bitcoin as a currency, never consider bitcoin as an investment,.. blah... blah...but they discuss and check bitcoin prices every day.

[Poker Player]

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

Not bad, already an emergency fund and investing in Bitcoin. At the age you are at, I would say that the most important thing is to focus on training in skills that will allow you to earn high incomes. To this, I hope you are training without debt. How are you paying for college? Are your parents paying for it?

As for Bitcoin think about even if it goes up a lot in price never sell everything. It is better to go making DCA to accumulate with partial sales at the peaks of the cycle.

[heslylamba]

You have no idea how proud I am of you lol Keep accumulating Bitcoin and don't think that the government can stop this revolution.

[crwth]

Having 1 BTC at that age is amazing. It's good that you have already invested in cryptocurrency and have a forward-thinking on what it could do for you. I imagine that you definitely have good parents that have brought you nice in which you value the right things.

Maybe try to sell at few times like a percentage of it so you could take advantage of the current price. As long as you build into it, there's no problem.