Can I really hold onto my bitcoins in the future?

[Belarge]

Currently I am unemployed for three years after completing my studies. I am trying hard to find a job but luck is not helping me. I have two tuitions to support myself but it doesn't work like this, it has become very important for me to help my family. I don't know what to do now. Now the bitcoin market has increased a lot, should I sell my bitcoins? I will use it in a small business. Should I be given more time for the job? I have to take a decision in the next two months. Experienced members of the forum give me some advice what should I do.

I'll always choose the market over my personal jobs because there's no breakthrough in the real job, only committed to be under some random individuals who doesn't care about your best. We should be given the best advices because we need it to push forward in the system. I've never hold back from providing aides and in sectors I'm acquainted with. OP, you have everything within possession to make advance steps in life. There's no better feeling than been independent in the space, not working or having a boss. I know it's been really way out of plan but we have no choice than to settle for what we're seeing with our very naked eyes.

[Churchillvv]

Hello all forum members. I am new to this forum and this is my first post. I have been familiar with Bitcoin since 2019. In 2015, when I entered my Honors first year at university, my family situation was very bad financially. I told my family situation to the head of my university then sir gave me a job opportunity. In the house where Sir lives, he has a neighbor, an old woman lives there. The old woman's children lived abroad and had citizenship there. My job was basically shopping for him, withdrawing money from the bank, basically working as his runner.  He paid me $100 a month. I could save $30 dollars a month and put that money in the bank. The old lady died just three months before my honors final exams started. I worked under that old woman for three years and seven months. After completing the final exam, I was not sure what to do with the money, whether to keep it in the bank or not, then a friend of mine told me to invest the money in Bitcoin. I didn't think about it at first but I spent a month browsing the internet about Bitcoin. Later I became interested in Bitcoin. I withdraw my bank money and invest in Bitcoin. I don't know why I didn't sell Bitcoin when it reached its highest price.  Currently I am unemployed for three years after completing my studies. I am trying hard to find a job but luck is not helping me. I have two tuitions to support myself but it doesn't work like this, it has become very important for me to help my family. I don't know what to do now. Now the bitcoin market has increased a lot, should I sell my bitcoins? I will use it in a small business. Should I be given more time for the job? I have to take a decision in the next two months. Experienced members of the forum give me some advice what should I do.

Personally, I'm struggling to really comprehend the message of this thread because you wish to sell your small bitcoin to start a business or keep looking for a jobe perhaps your should answer the question yourself. Non of us here could have the answer because it's a personal decision that you must take, hence it's more advisable to get a job and keep your life moving because bitcoin is not a get rich quick scheme and thous it can not give you a profit that will change your life the way you presume it.

For a good investment in bitcoin you need to have something doing either you own a business or yours or get a job that can pay your bills. Having bitcoin or coming into this forum doesn't mean you are going to make money but perhaps you can begin to trade if you have a good knowledge of it, so you could really help yourself.

[leonair]

Now the bitcoin market has increased a lot, should I sell my bitcoins? I will use it in a small business. Should I be given more time for the job? I have to take a decision in the next two months. Experienced members of the forum give me some advice what should I do.

Yes Bitcoin price has gone up now $70k but in the next 23 days or so after the halving it will increase more. Be patient. You say you have two months to make a decision,the halving even is in less than two months. You can make you decision to sell after the halving if you haven't gotten any employment then.

Another suggestion for you while you wait is to try out odd jobs. They may not bring in big bucks but it is something you can do in the mean time while you wait to get employed or take the next decision after the halving.

There is no guarantee that bitcoin price will pump after bitcoin halving but there is a possibility so you cannot guarantee that bitcoin price will pump much after halving. Then it may happen that the price of Bitcoin will dump. Investment in Bitcoin is very profitable but long term investment and after investing in it you must accept that you have taken risk.  And here's where you might lose if you're a panic seller and you have to accept that too. so if op have the ability of long term holding then op can invest on bitcoin as soon as possible

[Iroh]

You mentioned you were unemployed at the moment and helping out yourself and your family has become quite difficult. If you’re really in a fix and you’ve got some bitcoin holding, you could sell off some of your assets to get yourself together.
You’ve got to examine your finances; knowing if you could hold off on selling your bitcoins till later on this year. You mentioned you’ve got two months before you take a decision. You could always continue job hunting while holding onto your coins. If the situation doesn’t improve, then you could sell off some of your coins to help pay for yours and the needs of your family.

[Youngkhngdiddy]

Hello all forum members. I am new to this forum and this is my first post. I have been familiar with Bitcoin since 2019. In 2015, when I entered my Honors first year at university, my family situation was very bad financially. I told my family situation to the head of my university then sir gave me a job opportunity. In the house where Sir lives, he has a neighbor, an old woman lives there. The old woman's children lived abroad and had citizenship there. My job was basically shopping for him, withdrawing money from the bank, basically working as his runner.  He paid me $100 a month. I could save $30 dollars a month and put that money in the bank. The old lady died just three months before my honors final exams started. I worked under that old woman for three years and seven months. After completing the final exam, I was not sure what to do with the money, whether to keep it in the bank or not, then a friend of mine told me to invest the money in Bitcoin. I didn't think about it at first but I spent a month browsing the internet about Bitcoin. Later I became interested in Bitcoin. I withdraw my bank money and invest in Bitcoin. I don't know why I didn't sell Bitcoin when it reached its highest price.  Currently I am unemployed for three years after completing my studies. I am trying hard to find a job but luck is not helping me. I have two tuitions to support myself but it doesn't work like this, it has become very important for me to help my family. I don't know what to do now. Now the bitcoin market has increased a lot, should I sell my bitcoins? I will use it in a small business. Should I be given more time for the job? I have to take a decision in the next two months. Experienced members of the forum give me some advice what should I do.

   Well I presume you would be in profit by now probably see more than 20% interest of your capital, which is actually not a bad business. The mistake some of make is not knowing when to leave, most wealthy people don’t even chase up to 10% of profit, at least 2% income is enough for them they take that 2% and move on. What the point seeing your profit and leaving it for all the money to be taken back when you could have either withdrew and make use of the money for your pressing needs, at least withdraw your profit and leave the capital that’s how you know if what your doing is profitable or not. They’ve got to be a result in your dealings, so leaving you portfolio untouched even after seeing your profit is not entirely right because those numbers you are seeing won’t be the same, it fluctuate and when it does of what use is your waiting all those while for. The important thing is withdraw, secure your profits then it’s left for you if you want to continue investing, this is when the DCA comes in.
  The DCA method can never do you wrong, but before you are able to carry out this process well you ought to have sort of money coming in so that investing while facing your everyday life wouldn’t be a workload for you. But when you have nothing coming in it going to be hard investing, instead of starving and allow your pressing needs to squeeze your neck, use the money for you self solve that problem that’s been troubling leave your mind in peace rather than allowing thinking take the best of you. Responsibility is manning up on your decision. Take your profits when necessary thats is why we are all in into bitcoin at the first time, the prices will not always be the same, take what you can see instead of dwelling on the things you haven’t see. You don’t have to make 1000% before you withdraw your money and sure that’s can happen in just one time, steadily we build wealth it doesn’t come all at once in most cases.

[Sebas.tian]

I think, you are following the market price in this season for you to know the season we are in the market because not all season you release your Bitcoin to the market to make a good income, but if you can hold till massive bullish season appear before you can sell, it will help you to establish any kind of business you want to establish. If truly you are holding Bitcoin till this month of April, I will advice you to release the Bitcoin for sale because the price of Bitcoin has returned back to $71,231 which nobody know what will happen any moment from this week whether it will increase higher or decrease lower. If you purchase the Bitcoin you are holding right now with huge amount of money when the price was very low, I think you will help your family to solve all those issues that is affecting your family financially and materially when you finally release your Bitcoin.

[cryptoWODL]

Now the bitcoin market has increased a lot, should I sell my bitcoins? I will use it in a small business. Should I be given more time for the job? I have to take a decision in the next two months. Experienced members of the forum give me some advice what should I do.

Yes Bitcoin price has gone up now $70k but in the next 23 days or so after the halving it will increase more. Be patient. You say you have two months to make a decision,the halving even is in less than two months. You can make you decision to sell after the halving if you haven't gotten any employment then.

Another suggestion for you while you wait is to try out odd jobs. They may not bring in big bucks but it is something you can do in the mean time while you wait to get employed or take the next decision after the halving.

There is no guarantee that bitcoin price will pump after bitcoin halving but there is a possibility so you cannot guarantee that bitcoin price will pump much after halving. Then it may happen that the price of Bitcoin will dump. Investment in Bitcoin is very profitable but long term investment and after investing in it you must accept that you have taken risk.  And here's where you might lose if you're a panic seller and you have to accept that too. so if op have the ability of long term holding then op can invest on bitcoin as soon as possible

What you said is also correct because none of us know if bitcoin price will increase after bitcoin halving. But we all have a positive thought about bitcoin halving is that after the halving the bullish season will start in the market then all cryptocurrency coins will increase in price. Maybe that will happen because we saw the initial bullrun in the market before the Bitcoin halving where the price of Bitcoin rose to great heights. Bullrun season starts all the coins increase in price since Bullrun will start after halving so it is sure that the price of Bitcoin will increase by a lot again.

You said before investing in bitcoin you have to accept that you take risk yes investment definitely involves risk but it is less and more. Bitcoin investment keeps people safe because investing in Bitcoin is less risky. But to invest in Bitcoin one must have enough patience and not to panic and sell the holding or investment even if the price of Bitcoin falls.

[Lida93]

Hello all forum members. I am new to this forum and this is my first post. I have been familiar with Bitcoin since 2019. In 2015, when I entered my Honors first year at university, my family situation was very bad financially. I told my family situation to the head of my university then sir gave me a job opportunity. In the house where Sir lives, he has a neighbor, an old woman lives there. The old woman's children lived abroad and had citizenship there. My job was basically shopping for him, withdrawing money from the bank, basically working as his runner.  He paid me $100 a month. I could save $30 dollars a month and put that money in the bank. The old lady died just three months before my honors final exams started. I worked under that old woman for three years and seven months. After completing the final exam, I was not sure what to do with the money, whether to keep it in the bank or not, then a friend of mine told me to invest the money in Bitcoin. I didn't think about it at first but I spent a month browsing the internet about Bitcoin. Later I became interested in Bitcoin. I withdraw my bank money and invest in Bitcoin. I don't know why I didn't sell Bitcoin when it reached its highest price.  Currently I am unemployed for three years after completing my studies. I am trying hard to find a job but luck is not helping me. I have two tuitions to support myself but it doesn't work like this, it has become very important for me to help my family. I don't know what to do now. Now the bitcoin market has increased a lot, should I sell my bitcoins? I will use it in a small business. Should I be given more time for the job? I have to take a decision in the next two months. Experienced members of the forum give me some advice what should I do.

I'll join the group of members that are encouraging you to give your investment more time since you endured from withdrawing it last year letting it to enter into 2024 you should exercise more patience as we are close to the halving which will increase your investment profit from what you currently have now. The long term holding of many bitcoiners if not all is projected towards the halving as bitcoin is more of an investment asset to it's adopters than a transactional currency for buying and selling.

The exception I can give against advising you from not selling at this period yet is if your situation is a life threatening situation and the urgency of it's requires immediate finance. It is under situation as such that I am not always against people withdraw I their bitcoin prematurely.

[AakZaki]

Don't complicate your life too much with investments that you should use for urgent matters, because one of the goals of investment is to solve problems related to your finances. If you want to hold or sell Bitcoin, you can see what the situation is, whether you really have to sell it because you don't have income from other sources or there is still an opportunity to hold Bitcoin. or you can just take a few percent and leave the rest for the long term. all your decisions are in your hands, investing requires you to be selfish.

[The Cryptovator]

For me, if this is the situation where I can start a small business and support my family by selling bitcoin, then most probably I would sell it. Bitcoin is for life, not for lifetime holding. After starting a business, I will try to buy back Bitcoin again through the DCA strategy from my business profits. So I can support my family and accumulate as well. If you can't trade Bitcoin and make money, then for survival, you need a real-life business or job. Otherwise, life will be like hell. Now you have to make decisions based on the circumstances. We don't know your real situation, actually. 

[Saint-loup]

If you need money, you will have to sell some part of your bag, because you can't buy many things with BTC. So you won't be able to hold your bag for long time if it's true. In addition, that's not a good game plan and not very rational to be honest, to put your money into a long term investment if you need some profits quickly, especially if you need this money to live and you can't afford to lose it. Bitcoin is a highly volatile, it won't always go higher, it will go down and you'll certainly have to sell parts of your bag at the lowest prices in those circumstances.

[Viscore]

You mentioned you were unemployed at the moment and helping out yourself and your family has become quite difficult. If you’re really in a fix and you’ve got some bitcoin holding, you could sell off some of your assets to get yourself together.
You’ve got to examine your finances; knowing if you could hold off on selling your bitcoins till later on this year. You mentioned you’ve got two months before you take a decision. You could always continue job hunting while holding onto your coins. If the situation doesn’t improve, then you could sell off some of your coins to help pay for yours and the needs of your family.

Selling bitcoin at such reasonable purpose, then it’s not bad at all. However, if you’re on the doubt if bitcoin won’t be reliable in the future, and you have tight funds at the moment, then I suggest don’t force yourself to invest, you will only struggle for your funds later on. Know when to invest and when not to, so you won’t regret taking such decisions not on your own will.

[freedomgo]

You can sell your Bitcoin if you are very okay with the current price in the market, because the bullish season is still on ground and it will make that Bitcoin to bring huge amount of income that will help you to establish another business that will make you to have different sources of income, which is everyone dream. Don't let anything stop you not to purchase Bitcoin when the price decrease in the future, because if you are not careful, family issues can make you to spend everything and when the bearish season come nothing to invest which is a bad attitude. I will advice you not to quit that your job that is giving you some money monthly, so that when there is a long bearish season you will be using the salary to do other things to solve your family issues, and then continue holding your Bitcoin.

Selling bitcoin when it’s genuinely needed is always a valid reason. Probably, that’s also one reason why we should learn to invest. However, in your position right now, if you are really struggling for finances, then you can always sell your coins while the price is still high. Remember that bitcoin will not run out of opportunities to invest, just buy back again when you have a stable job already and earned extra money for investment. For now, focus first on your daily survival, investment will come later on.

[QueenSk]

About three years ago when I found out about Bitcoin, I didn't know anything about it. One of my friends advised me that you should invest whatever money you have in Bitcoin and In the future you will get good returns.
When I first bought Bitcoin, the price of Bitcoin was $35k. Suddenly, within a few weeks, Bitcoin dropped and went down to $16k.
Then I was very worried and angry with my friend that why he gave me such advice then I fought with him and he said if you follow my advice then buy more bitcoin from here. Put whatever investment you have into Bitcoin. Back then, I thought his advice was nothing but crazy, however, I had no other option but to buy more bitcoins and cover my losses by taking a small profit.

And I can call it my luck that I bought Bitcoin at that time and six months ago I sold a lot of bitcoins.
I still have a very small number of bitcoins that I would never want to sell even if Bitcoin goes down I will still have them because I don't think Bitcoin will ever go down that much. I wish I could buy it again at the same price
So my advice to you is that if you need to sell half of your Bitcoin or something, save some money for the future, as predictions are being made, Bitcoin will go up a lot. So if you have some money left, it will give you double the profit.

[Kelvinid]

I won't force you OP to hold your Bitcoin forever but rather encourage you to have some trust. Because if you have trust in Bitcoin, it also drives your mind to think positively and eliminates worries in your mind. Don't be like those people who are still uncertain about their decisions and don't be like those people who buy now and sell after a few days after having some price corrections. That kind of action will never have a successful journey but a failure.
Even though can't hold longer at least you are not selling because you are panicking and worried about the incoming. Instead, you sell them because you hit your target price already.

[Maslate]

You mentioned you were unemployed at the moment and helping out yourself and your family has become quite difficult. If you’re really in a fix and you’ve got some bitcoin holding, you could sell off some of your assets to get yourself together.
You’ve got to examine your finances; knowing if you could hold off on selling your bitcoins till later on this year. You mentioned you’ve got two months before you take a decision. You could always continue job hunting while holding onto your coins. If the situation doesn’t improve, then you could sell off some of your coins to help pay for yours and the needs of your family.

You are right here. Don’t be too greedy holding your bitcoin when your life is already at mess seeing you struggle a lot in your finances. Prioritize the needs of your family first, and since you still haven’t got a job, then don’t hesitate to sell your bitcoin. You can always reinvest in another time, but you can’t delay the basic needs of your family. So never doubt selling your bitcoin if it will save your problem at the moment.

[Baki202]

Currently I am unemployed for three years after completing my studies. I am trying hard to find a job but luck is not helping me. I have two tuitions to support myself but it doesn't work like this, it has become very important for me to help my family. I don't know what to do now. Now the bitcoin market has increased a lot, should I sell my bitcoins? I will use it in a small business. Should I be given more time for the job? I have to take a decision in the next two months. Experienced members of the forum give me some advice what should I do.

Jobs are hard to find these days and in countries like ours, after spending too many years in school due to strikes and the rest, your employees still expect you to have work experience, How is that even possible? and it is painful after going to school and not finding a job, If you are the first child, then there are a lot of expectations coming from your parents and your siblings. And if you are asking when to sell your bitcoin, I don't think this is the best place to ask. It is your asset you can decide to sell it when you want to, you don't need anybody's opinion. If you feel you have made a profit, then you can sell and take care of your needs.

I'll always choose the market over my personal jobs because there's no breakthrough in the real job, only committed to be under some random individuals who doesn't care about your best. We should be given the best advices because we need it to push forward in the system. I've never hold back from providing aides and in sectors I'm acquainted with. OP, you have everything within possession to make advance steps in life. There's no better feeling than been independent in the space, not working or having a boss. I know it's been really way out of plan but we have no choice than to settle for what we're seeing with our very naked eyes.

what the market gives you I don't think any job will give you that except you a politician in my country or a CEO in a big company and even politicians because of their looting, having a job does not prevent anyone from using the market you can use the market as an additional hustle. and if they are given advice we should know the kind of advice we are going with so that we do not follow the wrong advice. and having a job and investing makes a lot of sense because you go out and when you come back from work you focus on the market in the event or when you out relaxing, both of them will not interfere with how you are leaving your life.

[qwertyup23]

Now the bitcoin market has increased a lot, should I sell my bitcoins? I will use it in a small business. Should I be given more time for the job? I have to take a decision in the next two months. Experienced members of the forum give me some advice what should I do.

BTC halving is coming and if you would base it on its price history, there is a trend that the price may skyrocket after the said halving.

Now, remember that BTC is an investment- meaning, they are money in which you should use if you are financially challenged. If you have BTCs currently, use and convert them to your local currency so you could at least mitigate the problem you are facing.

You mentioned you were unemployed at the moment and helping out yourself and your family has become quite difficult. If you’re really in a fix and you’ve got some bitcoin holding, you could sell off some of your assets to get yourself together.
You’ve got to examine your finances; knowing if you could hold off on selling your bitcoins till later on this year. You mentioned you’ve got two months before you take a decision. You could always continue job hunting while holding onto your coins. If the situation doesn’t improve, then you could sell off some of your coins to help pay for yours and the needs of your family.

You are right here. Don’t be too greedy holding your bitcoin when your life is already at mess seeing you struggle a lot in your finances. Prioritize the needs of your family first, and since you still haven’t got a job, then don’t hesitate to sell your bitcoin. You can always reinvest in another time, but you can’t delay the basic needs of your family. So never doubt selling your bitcoin if it will save your problem at the moment.

I definitely agree with your statements.

Again let me reiterate, what is the point of an investment if you are not going to use it when the price matures already? The purpose of an investment is for long-term profit. But if you are struggling financially, then feel free to convert your coins to your local currency. Treat it as your emergency funds/money which should be use for helping you.

[|MINER|]

The biggest obstacle to holding Bitcoin is going to be these emergency situations.  And I think we should invest as much of our funds as we have the ability to lose, be it Bitcoin or some other alternative crypto currency. I will tell you if you are in profit and you need that bitcoin fund to cover your emergency I will not sell you now. I will tell you to sell your fund to cover your emergency situation for now and later invest a certain percentage of your income for long term holding using DCA method.

[SATWAT]

The biggest obstacle to holding Bitcoin is going to be these emergency situations.  And I think we should invest as much of our funds as we have the ability to lose, be it Bitcoin or some other alternative crypto currency. I will tell you if you are in profit and you need that bitcoin fund to cover your emergency I will not sell you now. I will tell you to sell your fund to cover your emergency situation for now and later invest a certain percentage of your income for long term holding using DCA method.

I agreed about this all with having emergencies mostly ruin savings and many other things which was set just for the better future I am personally having things like these, and now I am not doing anything which create problems for me, so now I am changing my way of saving and investing as well because I have feeling if I will be not able to handle things on better way then surely I can face deep trouble so better now first set things which are more important and then jump into this investing which is also better but still needs just money which is not usable for me in long run otherwise I have face consequences of I already have in my life.