Knowing when to own your bitcoin

[aylabadia05]

My story
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I assume you are one of the many people who are currently happy with the profits you have made with Bitcoin because the price of Bitcoin is increasing.
You are also one of the lucky people with Bitcoin because you bought it at a price far from the current price. Luck exists but not everything and forever depends on luck.
I think your story is true. I am also happy with the luck and profits you get.

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[freedomgo]

Can you post your Bitcoin address?

I can also say I bought Bitcoin when the price was $1 and hold it until now, I bought Bitcoin when the price was $3K during Covid-19 and sold at $69K etc.

Op does not have to post their BTC address if they don't want to, it is bad for privacy, especially when the address holds a large amount of coins in it. I understand you feel that the story is made up, and you may be correct, i have also called out a lot of members for posting fake and made up stories of how they bough x amount of BTC and made y profits, but they don't have to lose their privacy to prove their story, that is if there is a 1% chance that the story is true.

Regardless if this story is made up or not, still OP is not obliged to post his BTC address just for authenticity. Note that we all encouraged everyone most particularly newbies to protect our privacy especially when it concerns our bitcoin storage. But here we are trying to break that rule.

Now, even myself I can't tell exactly if OP is telling the truth or not. But if he's actually lying, I guess he won't benefit from it either. If this post is only for merit phishing, then OP lacks some factors to make his post meritable.

[adultcrypto]

My joy of buying bitcoin at the right time when bought my first Bitcoin has been excessive in this period that Bitcoin price have risen continuously.

My story
As a newbie and first-time investor and holder of Bitcoin, I made a decision that has led me to a stage of financial satisfaction within a short time, just by risking the right amount and at the right time.
I bought Bitcoin when the price was low at about $22,000 price and i went all in with the whole capital at my disposal,  as a newbie i was sceptical,  but also i was ready to take that risk.
Luckily for me, Bitcoin is now at 52 thousand dollars, and i feel so excited to see the number of profits that i have accumulated within the shortest time which no other investment can give such profits in such a time frame, so I am glad.

The tone of your post suggests that you have already sold your bitcoin,  if true at what price did you sell? Was this your initial plan of getting into bitcoin, to invest and sell whenever you have seen reasonable profit? If you have sold, what's your next plan for Bitcoin?

I don't have a problem with buying and selling within a short time like I supposed you have done but the challenge with that is the inability to build a lasting Bitcoin portfolio.  There is high temptation in this like using the profits for other less important things and not being able to replace the quantity of Bitcoin you have.

From my little experience,  I think buying and keeping it for longer period is better in terms of building a portfolio and profit margin.

[Solidized]

Yeah, there's always happiness over something that is gotten right.
so the question now is; How will you know the actual (right) time to buy Bitcoin?

[Lorence.xD]

Can you post your Bitcoin address?

I can also say I bought Bitcoin when the price was $1 and hold it until now, I bought Bitcoin when the price was $3K during Covid-19 and sold at $69K etc.

Op does not have to post their BTC address if they don't want to, it is bad for privacy, especially when the address holds a large amount of coins in it. I understand you feel that the story is made up, and you may be correct, i have also called out a lot of members for posting fake and made up stories of how they bough x amount of BTC and made y profits, but they don't have to lose their privacy to prove their story, that is if there is a 1% chance that the story is true.

Regardless if this story is made up or not, still OP is not obliged to post his BTC address just for authenticity. Note that we all encouraged everyone most particularly newbies to protect our privacy especially when it concerns our bitcoin storage. But here we are trying to break that rule.

Now, even myself I can't tell exactly if OP is telling the truth or not. But if he's actually lying, I guess he won't benefit from it either. If this post is only for merit phishing, then OP lacks some factors to make his post meritable.

It just gave me an idea to invest if you have the financial means to do so. You could be lucky or not but since it is Bitcoin we are talking about, potential is decent. There will always be times of such; lucky or good entry point and a bad one. No one guarantees which is best therefore your actions after your investment should matter more. If OP happened to invest in $22k then a decline lasted until now, did he do the right thing? Yes, as long as volume and demand is still there, the chance of market price recovery will also be present. If it happened to be corrected after his entry, and if he chooses to hold then same result will more likely to be expected. A lesson for the new ones to be firm of their decisions once they came to the idea of investing into this technology.

Yeah, there's always happiness over something that is gotten right.
so the question now is; How will you know the actual (right) time to buy Bitcoin?

The right time to buy is when you are ready to endure market price changes or the time you are ready to embrace the risk. There will always be time that ups and downs on its value will be observed and that will just be fine. The manner of either selling or still holding is what would determine whether it will be profit or not, on your investment.

[suzanne5223]

I am happy for you due to you making the Bitcoin investment when there's panic in the market which some newbies don't usually do cause they mainly focus on the disadvantages of the dump while ignoring the advantages that come with it.
The current profit you made due to the current market price is still small if you can hold at least for the next 12 months. However, the best profit will be if you hold for the long term.

[kentrolla]

@OP this is just the beginning of the Bitcoin surge, if you keep on holding for another year, you might not only get 100% profit.  Many analysts think that the incoming Bitcoin rally will be more rewarding.  Bitcoin might probably reach more than $100k  in its new ATH so hold your horses and don't sell your Bitcoin yet, you might get more profit if you wait for another year.

But you should always be vigilant and updated on the market price since the Bitcoin market is still considered unpredictable, the unknown might happen.  Set your target sell and sell when the market hits it.  Remember you cannot say it is a profit until you cash out.

Yup, agreed on your thoughts as Bitcoin will surely reach new heights as we have already seen how it has crossed all the hurdles and we have seen Bitcoin only progressing further but yeah as you mention there would always be uncertainty because that's how crypto will ever be but it won't be as crazy as Altcoin fluctuations, still it would be better for us to stay upto date with all the news related to Bitcoin.

I think we may see some more fluctuations and even a possible short term correction like we saw when Bitcoin touched $48K and then dropped below $40k only to pump back and cross $52k.

[MegameSama]

wow great, congratulations to you, I'm happy for you too. I hope you get maximum profit from crypto. I'm also accumulating my bitcoins, but I'm a little sad now because every payday I usually get how many bitcoins, now because the price of bitcoin has gone up, I get less bitcoins than usual. but that's okay. By the way, don't forget to always use risk management, we know that the price of this crypto space fluctuates quite high, but if you play long term, ignore that.

[Asuspawer09]

It is surely a good thing that you buy at that market price, I also buy some when the price is around 20k$ but I more like Dollar Cost averaging so I still continue to accumulate Bitcoin, but I know that the market price is high at that time so I mostly increase my buying power at that market price, and so far the return is great, profit is kicking at 50k$ I was still hoping that the market price could drop which I think still going to happen so I decrease my buying power right now since the market price continue to increase its market price, Its not really a good time to buy if the market price continues to skyrocket, because for sure this could easily be a huge bubble, still doesnt want to continue to stop buying because its DCA, but at the same time doesnt want to buy high volume because of I dont really want to be FOMO.

Timing is really a thing here in Bitcoin if you know when to buy it is surely going to be a huge profit other than just investing out of FOMO right now since we are seeing the market skyrocket for sure a lot of beginners wanted to invest and take a profit which is really risk, when you bought at the bottom you could easily hold for a long time.

[Bd officer]

My story
As a newbie and first-time investor and holder of Bitcoin, I made a decision that has led me to a stage of financial satisfaction within a short time, just by risking the right amount and at the right time.
I bought Bitcoin when the price was low at about $22,000 price and i went all in with the whole capital at my disposal,  as a newbie i was sceptical,  but also i was ready to take that risk.
Luckily for me, Bitcoin is now at 52 thousand dollars, and i feel so excited to see the number of profits that i have accumulated within the shortest time which no other investment can give such profits in such a time frame, so I am glad.

OP, you got the opportunity to invest in Bitcoin at the right time which is why you are now seeing a profit on your investment. If you don't need money urgently and can afford to lose this investment then you should not sell bitcoin now try to hold it for a long time to get more profit.

Since you didn't invest in DCA method you may be financially broke if unfortunately the investment loses. So if you want you can sell some of your investment and recover the capital. You will hold the rest for a long time and hopefully get a lot of profit. However, congratulations on seeing a return on your investment.

[EarnOnVictor]

My story
<snip>

I assume you are one of the many people who are currently happy with the profits you have made with Bitcoin because the price of Bitcoin is increasing.
You are also one of the lucky people with Bitcoin because you bought it at a price far from the current price. Luck exists but not everything and forever depends on luck.
I think your story is true. I am also happy with the luck and profits you get.

True or not, Bitcoin is so promising, we can see it all around us, and those who want to get the best through it must be ready to take the risk. But it's not about just taking the risk but taking the risk at the right time. Like the OP, he took the risk at the right time, and you can imagine what he would gain if Bitcoin eventually hit $100,000 or more in the next 1.5 years. How many banks and investment packages can achieve that (almost x5) within that short time?

I have so much trust in Bitcoin (decentralization) and the investment involved in it, even the payment gateway involved eases a lot of pain for people like me. This can't just be overappreciated. I knew what I went through when I was sending money abroad initially, so it is all benefits regarding Bitcoin if we look beyond the money we could make through it. Well, for others as well, it is never too late, anyone can still make money in Bitcoin because the way I see it now shows that it might even surpass the $100,000 market that people often call. It has almost reached $60,000 before the post-halving season, I wonder where it will be when the time is eventually reached.

[snowpega]

<Snip>

In my honest opinion, your buying is very great as you aforementioned your buying point was $22k which was a good buying point i mean I have seen people waiting for this point of Bitcoin to occur again which now I think is very difficult like Bitcoin will come here at this point. I am saying this because Bitcoin has already gained value alot as it is standing at $52K and in the case of having Bitcoin may go down near the price of 35k-40k for halving correction.

Well On the other hand buying range of $25k-$27k was also a good buying point those who missed these buying points while thinking that prices may go more down miss the golden opportunity of buying. OP I would suggest you that get ready for the coming correction of the market to buy back again with some new funds for another entry in the market. As bull run on the way which means no opportunity should be neglected. Buy only if you have sufficient funds and can make one more entry for the coming correction. Besides all that I would highly suggest you to Do Your Own research as well before taking any action (highly recommended). Many Thanks

[angrybirdy]

My joy of buying bitcoin at the right time when bought my first Bitcoin has been excessive in this period that Bitcoin price have risen continuously.

My story
As a newbie and first-time investor and holder of Bitcoin, I made a decision that has led me to a stage of financial satisfaction within a short time, just by risking the right amount and at the right time.
I bought Bitcoin when the price was low at about $22,000 price and i went all in with the whole capital at my disposal,  as a newbie i was sceptical,  but also i was ready to take that risk.
Luckily for me, Bitcoin is now at 52 thousand dollars, and i feel so excited to see the number of profits that i have accumulated within the shortest time which no other investment can give such profits in such a time frame, so I am glad.

All I can say is congratulations and you are lucky because the price of bitcoin has increased so much today, It's also good that you took the risk of investing in it and at least you have some money to invest in, just don't really pour all your money in investing in bitcoin and learn to diversify your holdings. Knowing that you're a newbie, I can say that you're a good timing of entering money here because we all know that the price of bitcoin has gone up, and the money you invested will be earned right away.

[0t3p0t]

If you can hodl it a little bit longer OP I think you will get more than what you have in your profit right now. Though we are not that sure if this is just a made up story or not but if it's true then congratulations! I don't call it lucky but you got a good timing for taking the risk to invest earlier. If Bitcoin price goes $100k at the end of 2025 then that means a lot of money. Smart newbie  investor.

[Bloodseekers]

wow great, congratulations to you, I'm happy for you too. I hope you get maximum profit from crypto. I'm also accumulating my bitcoins, but I'm a little sad now because every payday I usually get how many bitcoins, now because the price of bitcoin has gone up, I get less bitcoins than usual. but that's okay. By the way, don't forget to always use risk management, we know that the price of this crypto space fluctuates quite high, but if you play long term, ignore that.

If you still collect Bitcoins at any price regularly then I am very sure that you will be able to get maximum profits one day and also we can still continue to collect Bitcoins according to our abilities and never force ourselves to invest so that we cannot persist with the investment we make because we don't have other funds when we really need it and have to sell some of the assets we have, yes because the price of Bitcoin fluctuates it will be very profitable if we are able to hold it for a long period of time and we don't never affected by current market prices, but when we feel we have achieved sufficient profits we can take these profits for what we need.

[aylabadia05]

I assume you are one of the many people who are currently happy with the profits you have made with Bitcoin because the price of Bitcoin is increasing.
You are also one of the lucky people with Bitcoin because you bought it at a price far from the current price. Luck exists but not everything and forever depends on luck.
I think your story is true. I am also happy with the luck and profits you get.

True or not, Bitcoin is so promising, we can see it all around us, and those who want to get the best through it must be ready to take the risk. But it's not about just taking the risk but taking the risk at the right time. Like the OP, he took the risk at the right time, and you can imagine what he would gain if Bitcoin eventually hit $100,000 or more in the next 1.5 years. How many banks and investment packages can achieve that (almost x5) within that short time?

I agree. Those of us who believe in Bitcoin as a promising asset have felt for ourselves the impact it has had on us. For bitcoiners who have been with Bitcoin before, they also really know that Bitcoin is a very promising asset in the future. We can even say that if you want to organize a better future economy, Bitcoin is the choice. Something like that.
The courage to take risks on Bitcoin certainly has a basis. Long term is more appropriate than making Bitcoin a traded asset.
Bitcoin investments earn huge returns at different times when compared to investments like gold.

[Ojima-ojo]

Yeah, there's always happiness over something that is gotten right.
so the question now is; How will you know the actual (right) time to buy Bitcoin?

From the ops explanations, he stated that he bought his initial Bitcoin which at that point what came into his mind was how to own his first Bitcoin and the ops may not have looked at the price of Bitcoin then, but this is what happens to most newbies unless they have a strong financial knowledge of the market before getting their first capital to invest in Bitcoin, only then will they take note of the price of Bitcoin before buying it and that the best point on buy-in.


Most of the newbies in that category will only grow along with knowledge after the bought they first Bitcoin and become a member of the forum, this is why many of them sometimes jump in when the price is already high and will have to wait longer before they see any tangible profits.

[southerngentuk]

Winning big doesn't mean smooth sailing forever. The crypto market's more unpredictable than a toddler's nap schedule. So, this dude shouldn't get cocky and think he's invincible. He gotta stay grounded, remember that even the pros get wrecked sometimes.

Investing ain't about waiting for the perfect moment to strike, that's like waiting for a unicorn to deliver pizza. Dive in when you're prepped, know the risks, and only play with money you can afford to lose.

Sure, optimism is cool, but don't let it blind you like a laser pointer to a cat. Be smart, take profits when it makes sense, and spread your bets across different coins. Don't put all your eggs in one basket, even if it's a shiny, digital one.

[GeorgeJohn]

Bitcoin is a coin I know quite well that holding it is something that come from your plan's and again you can't hold a bitcoin without you having an agenda, so, someone who hold bitcoin has already planned on how to make profit in bitcoin and it has already gotten the experience of bitcoin, come to think of it properly you see that bitcoin investment is benefitting people who understand the exact time to invest in bitcoin and when not to invest in bitcoin, because at a point you see that not as many we think can hold bitcoin for long time.

[KingsDen]

Can you post your Bitcoin address?

I am surprised that you requested for this. You should understand how this forum works and how we even advice newbies who post their addresses to keep them private. Op do not have to do much to prove to us that his story is true. For your mental wellness, just assume OP just lied and all will still be fine.

My story
<snip>

I assume you are one of the many people who are currently happy with the profits you have made with Bitcoin because the price of Bitcoin is increasing.
You are also one of the lucky people with Bitcoin because you bought it at a price far from the current price. Luck exists but not everything and forever depends on luck.
I think your story is true. I am also happy with the luck and profits you get.

We are all carried away by the volatility of Bitcoin because we profit from it. Gradually we are losing the main essence of bitcoin or let's say other things bitcoin brings to us. We should love and believe bitcoin both at low or high.