18, holding my bitcoin and looking forward :)

[GeorgeJohn]

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.

Op don't need to be assuming or thinking of when the he or her bitcoin will be sell, the only thing that is getting op confusing is that it doesn't have a target when it will likely get into before it sell, and secondly an investor should be able to know the exact time it will sell it bitcoin, by knowing the amount was bitcoin or any other of it's cryptocurrency investor before it purchase and store, so when you know the amount the coin you purchased, then you definitely have a specification of price of bitcoin when it will increase to before you sell, so therefore as you are selling bitcoin it's obvious that you will know your profit margins with your capitals. That's while it's reasonable enough to keep records of your investment business so that you will know when you at the positive side or negative side.

[noormcs5]

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

You're just 18 and you have a long life ahead. If you agree to me, take my one advice and you will thank me later.

You can sell your bitcoin whenever you feel like, it can be in 2024 or 2025 depending upon the price action in the bull season, but you should never sell the whole 1 bitcoin. Keep 0.25 BTC in a separate wallet and do not sell in for the next 15-20 years. You can save it as your retirement funds and you will be one of the richest people in the world after 20-30 years if you have just 0.25 BTC with you.

[Dr.Bitcoin_Strange]

OP, don't forget the simple rules of Bitcoin investment, one of which states, "Not your key, not your coin". As you are holding your Bitcoin, it should not be on a centralised platform or wallet. Make sure you are holding your assets in a self-custodial wallet. Another rule says you must not invest what you can't afford to risk. Like you said, that you want to get a job so you can buy more Bitcoin, don't invest so hard that you will get so physically affected if the market goes a bit down. But if the market dips below what you bought, just remember that if you don't hold, you won't make a profit. Bitcoin is not a get-rich-quick scheme, so you must be prepared to hold until the market becomes bullish.

[Bazzu]

investing in btc at a young age is a great thing as long as you already know about the risks of investing in btc, but I admire you because at a young age you can buy 1 bitcoin I think this is an extraordinary thing and you are also very great because you have emergency fund for your need, I can only say I hope your investment is successful and successful.

[Wend]

During the 2022 crisis, bitcoin failed to fulfill its duty as a hedge against inflation. It has also been negatively affected by inflation, severely dumping. So it is too risky to rely solely on bitcoin to save us from inflation and crisis. Every investment has risk, why don't we diversify instead of just focusing on one thing?

BTC doesn't have any 'duty' of being a hedge against inflation, it is not a stable coin; though it can be used by people who want to use it as a hedge against inflation, but they must not forget that BTC is also volatile and the price can either rise or dump, but in the long run BTC price usually pumps very high and people who bought earlier will make profits instead of their money depreciating if it was in fiat. So if you want to talk about BTC being a hedge, it has to be in the long term.

BTC is surely risky, but if one knows what they are doing, the risk is reduced, but i agree with your point on diversification, but in other assets like real estate, gold, etc and probably not in altcoins.

I agree when you say that BTC will be a good hedge against inflation if we hold it for a long time, such as accumulating bitcoin now and we will avoid future inflation. But in the short term, don't jump to the conclusion that it will be better than fiat because of its volatility.

For me, diversification is a non-crypto investment, I have never considered altcoins as diversification to reduce risk. The entire crypto market depends on the movement of bitcoin, it would be foolish to invest in altcoins for diversification.

[Lorence.xD]

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

No they can't.

--Knight Hider

They can't control it but for sure they could ban it like in some other countries.

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.

That's actually good to start early as long as it doesn't affect your studying at college. Starting early would give you an advantage as you could still more learn earlier and benefit more as you have more time to gain knowledge about Bitcoin, because some people discovered Bitcoin late and they already having difficulty from understanding it due to some people doesn't really understand how digital or online works.

Good thing about your post OP. is that you have a goal but let me tell you that despite of being optimistic about Bitcoin we couldn't still predict the outcome of Bitcoin due to volatility and some news that could affect the market. Still it's up to you if the market you're aiming doesn't meet your expectation. you could sell or hodl. Since you have a lot of time in your hands to reenter the market. But for sure holding will payout in the future. Bitcoin couldn't be affected by inflation so investing here is a good thing.

[Issa56]

but you should never sell the whole 1 bitcoin. Keep 0.25 BTC in a separate wallet and do not sell in for the next 15-20 years. You can save it as your retirement funds and you will be one of the richest people in the world after 20-30 years if you have just 0.25 BTC with you.

Am having some amount of bitcoin which am not really intending to sell even during the next bull run, while am having little amount of bitcoin which i know i will be selling in the next bull run, but the amount of bitcoin i will be selling in the next bull run is kind of small compare to the amount i will be holding.

You gave the OP a nice idea, but i think next time you shouldn't recommend any amount for him to hold, its better you just advice the Op to hold some amount of bitcoin, so its left for him to know the amount of bitcoin which he is going to sell in the next bull run and the one he is going to hold.

investing in btc at a young age is a great thing as long as you already know about the risks of investing in btc, but I admire you because at a young age you can buy 1 bitcoin I think this is an extraordinary thing and you are also very great because you have emergency fund for your need, I can only say I hope your investment is successful and successful.

Its a nice idea having one bitcoin at his early stage, but if he is still having more money which he wont be using in the future, then he can still increase his bitcoin investment, no amount of bitcoin holding is too much as long as you are not investing all your money in it, and you wont be using the money you invest in it for a long period of time, then no bitcoin investment is too big and also no bitcoin investment is too small.

[so98nn]

That is really good bruh, you have more Bitcoin than me and I work full-time on the forum and sell my artwork part-time. lolz. I think you are already in an excellent position than most of the users here. If this is your savings and your patience to collect this much amount of money then you are already on the right path for sure. If you continue to achieve this again and again then definitely you will end up with more than enough Bitcoin. After that, you have to just hold your Bitcoins and see the profits roar for yourself. Bigger the amount of Bitcoin the Bigger the profits move upwards since the bulk volume will play the role here. I think you have the very good position as if now and you should continue to hold even after the halving process. Halving doesn't guarantee high prices, but its one of the chances. You better start compounding after getting the profits.

[South Park]

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

snip

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.

For what I can read you are in a good position, however it is important to clarify some points, if the governments could stop bitcoin you can be sure they would have done so already, they do not let bitcoin exist because they are a bunch of magnanimous people, bitcoin exist because they cannot kill it, even with their best efforts, bitcoin is in fact so strong that they decided to employ the old proverb of ‘if you cannot beat them, join them’ and this is why they are creating their own CBDCs as they were forced by bitcoin to compete with it.

[SOKO-DEKE]

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.

Knowledge is the first step any newbie needs to consider before investing in the cryptocurrency industry, and what you have done is what will lead someone in the right direction. If someone has good knowledge about Bitcoin, taking the risk will not be hard for such a person because the knowledge will give them confidence in the risk they can take.

It is a good idea to view Bitcoin as an investment and to invest in it at this time. I am confident that over time, your Bitcoin investment will pay off, but all I need to say to you is to only invest money you can afford to lose. Avoid investing money you cannot afford to lose in an effort to make a significant profit quickly. If someone can keep Bitcoin for a very long time, they can still make enormous gains.

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

It is a good idea to have a sell target; it won't be bad if you achieve your Bitcoin price selling target by 2024 or 2025 and sell as you promised. However, the reality is that it is very difficult to predict the Bitcoin price; even a specific time to sell may not go as planned. The best course of action is to achieve your profit target; once you achieve it, you can sell and buy when the price drops again. Let's wait and see whether a bull run will occurs in the intervals you suggested.

[mirakal]

Good perspective mate. Accumulate bitcoin now and benefit later. You can always get a job that suit your skills and get btc payment if you want. Just explore the market so you will know those available jobs meant for you.

However, you should have known that even the government cannot stop bitcoin from existence. Most of the government now are still against bitcoin, but look at bitcoin now, it’s price even growing despite of the cold treatment from the government. But I also believe bitcoin will eventually be accepted in the long run, the process may be long but it’s certainly worth the wait.

[OgNasty]

Owning nearly $30,000 worth of Bitcoin at the age of 18 is pretty impressive. I don’t believe I had that much money saved at that age. While you are setting yourself up great, I think it’s important that you should also try to remain debt free while diversifying in an income generating equities portfolio. If you can manage to grow your assets and stay away from debt you will be extremely wealthy in the future.

[serjent05]

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.

Op don't need to be assuming or thinking of when the he or her bitcoin will be sell, the only thing that is getting op confusing is that it doesn't have a target when it will likely get into before it sell, and secondly an investor should be able to know the exact time it will sell it bitcoin, by knowing the amount was bitcoin or any other of it's cryptocurrency investor before it purchase and store, so when you know the amount the coin you purchased, then you definitely have a specification of price of bitcoin when it will increase to before you sell, so therefore as you are selling bitcoin it's obvious that you will know your profit margins with your capitals. That's while it's reasonable enough to keep records of your investment business so that you will know when you at the positive side or negative side.

There is really a need to know the target price to sell.  Just like what you are explaining, having no goal on how much is the target selling price and rely only on the timeframe, @OP will be in confusion and possibly frustrated if it happens when his timeframe for selling expires and yet the price of BTC is lower than the price @OP bought.  So it is really necessary to set a target price in order to avoid this kind of situation and at the same time be able to maximize the timeframe of reinvestment if ever the price of BTC hits @OP's target price in an earlier time.

Owning nearly $30,000 worth of Bitcoin at the age of 18 is pretty impressive. I don’t believe I had that much money saved at that age. While you are setting yourself up great, I think it’s important that you should also try to remain debt free while diversifying in an income generating equities portfolio. If you can manage to grow your assets and stay away from debt you will be extremely wealthy in the future.

It is possible that @OP belongs to a well-off family.

[Bitcoin_people]

Of course if you hold Bitcoin it will give you good amount of profit in future. Bitcoin is an asset that is against inflation so the longer you try to hold bitcoins, the lower your inflation rate will be. As you want to get rich quick you need to be aware of the volatility of the market and there are many people who don't believe it. They think that it is not possible to get rich by investing in Bitcoin but I would say it is definitely possible. So your invested bitcoins always wait patiently a sure if you sell in 2025 you will get huge profit. And since you have a bitcoin investment, be sure to use a good wallet to keep your bitcoin safe. Always use a hardware wallet or software wallet to keep your money safe and keep your bitcoins safe.

[RewFrew]

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.

Good planning. I think holding is best policy. Because who will buy bitcoin in this deep and hold that bitcoin he will get big profit in future. I think in future Bitcoin price will touch $100k or more. But who will buy bitcoin and hold he will get big profit there has no doubt. Patience is good for gaining. If anyone invest on bitcoin and hold it tightly he will be profited it is sure. And when bitcoin mining will end Bitcoin price will go moon. And many people will remove from financial crisis. So my advice please buy bitcoin in deep and hold it tightly your life will be Seattle financial crisis will go so far.

[Japinat]

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.

Times without number government have tried all their best they could do to stop bitcoin but they couldn't,  and I want to let you know that government can't stop bitcoin, Bitcoin will continue to exist for the next generation .
Understanding the purpose of bitcoin will make you realise why you need bitcoin and must invest it, for those who are very lucky to embrace bitcoin and understand it purpose will always find reasons to invest in it. Op you are doing a right thing by investing in Bitcoin,  it time coming you will see the benefits of hodling Bitcoin.

Overtime, the government has kept its distance from bitcoin, and even banned it for some certain reasons, but hey bitcoin is still very alive and is making its way to its new all time high when bitcoin halving starts to appear. So I just want to say this that you are in a right place with bitcoin. And at a young age, I envy your passion and your full determination on bitcoin accumulation. So just keep doing it, and you’ll reap what you sow in the perfect time.

[freedomgo]

Bitcoin as an investment tool is just temporary, it’s originally designed to become a legal currency in the future. But seeing the more people will come to identify and invest in bitcoin, the bigger the promotion it makes so that it will be a co-currency with fiat in the future. It takes time but I guess we’re actually heading there.

However, it’s a good thing that you are not being greedy with bitcoin and invest on it like it’s a get rich quick scheme. Maybe because you know its purpose well more than you see it as a profitable investment. So just keep that kind of mindset and for sure, you’ll have a bright future with bitcoin.

[Essential10]

Whether you invest in Bitcoin long term or short term is entirely your personal decision. I just feel it from a really deep interest. I can't do any math on it. The reason is that everyone is very interested in Bitcoin. It sits right where Bitcoin was. It went way up, it doubled and then halved again. If you can afford to wait and risk losing your investment, it is worth holding onto your investment for the long term.

[AicecreaME]

You are really going to need a part-time job since you've said that you're still a student for you to avoid selling your bitcoin because you need some cash to pay your bills and your needs.

I don't recommend waiting 'till 2025, sell some portion of your holding when bitcoin reach $69,000 and sell the rest when it makes another all time high price, which we all know that's gonna happen after the halving. The next move would be waiting for the dump, to buy again and hodl for the next halving.

[Solosanz]

Bitcoin as an investment tool is just temporary, it’s originally designed to become a legal currency in the future. But seeing the more people will come to identify and invest in bitcoin, the bigger the promotion it makes so that it will be a co-currency with fiat in the future. It takes time but I guess we’re actually heading there.

Temporary? most of people are use Bitcoin as an investment, I don't think it even reach 1% people who're use Bitcoin as a currency. Bitcoin will be used as an investment even most of countries already accept Bitcoin as legal tender, this is because many people feel remorse after they use Bitcoin to pay something.

They think Bitcoin price could be higher and they will sell in the right time, not every time you use Bitcoin to pay something during Bitcoin price at the peak.