Introducing myself

[Lokstar]

Hi,

I've been a long time lurker here but really thought I should setup a login. I've held bitcoin since 2016 just after the halving. I'm hoping we have some exciting times ahead. I managed to use the last halving to accumulate a bit and I've hodled ever since.

I think the end of 2024 will be interesting time, and will hopefully cement some good profits for us all.

I do have a plan for my bitcoin and it's looking like the next bull cycle ath may be my exit from the space. Although having said that I would like to keep a some btc.

For the future of bitcoin I hope the space becomes more resilient and we see less issues like Mt Gox etc. I also hope to see more people adopting bitcoin but for the moment a lot of people just don't understand it.



 

[pakhitheboss]

Welcome to the forum @Lokstar!

Feel free to express your views here and do ask the community if you have any questions. I am uncertain what took you so long to be part of the biggest Bitcoin community. I hope your experience here with us will help you to understand the significance of Bitcoin.

By the way, it would be good if you move your topic to this board - https://bitcointalk.org/index.php?board=39.0

It is for those who are joining the community and need some help to understand the forum and Bitcon.

[Davidvictorson]

For the future of bitcoin I hope the space becomes more resilient and we see less issues like Mt Gox etc. I also hope to see more people adopting bitcoin but for the moment a lot of people just don't understand it.

More people are certainly going to adopt bitcoin. My observation from even my local community is that I am seeing a lot of people from different age groups ask curious questions about bitcoin, cryptocurrency, and blockchain technology. The effect of this is a gradual adoption of bitcoin due to increase in knowledge.

This is the best intro I have read on the forum.

You already know what you want and you are doing just that. Glad that you have registered on this forum to add your voice and opinion to ongoing discourse.

I want to believe that you already know the rules of the forum because the knowledge of bitcoin isn't enough to thrive here. They are simple rules to abide by. Well incase to missed it, I'll drop a link to them. Unofficial list of (official) Bitcointalk.org rules, guidelines, FAQ

[Don Pedro Dinero]

I do have a plan for my bitcoin and it's looking like the next bull cycle ath may be my exit from the space. Although having said that I would like to keep a some btc.

That's important, IMO. If you think you can make a good profit after all these years of holding, then sell. But don't sell everything, because in this situation you can have your cake and eat it too. You can enjoy the profits and save some for the future when you can enjoy more profits.

[Cryptohygenic]

Hi,

I've been a long time lurker here but really thought I should setup a login. I've held bitcoin since 2016 just after the halving. I'm hoping we have some exciting times ahead. I managed to use the last halving to accumulate a bit and I've hodled ever since.

I think the end of 2024 will be interesting time, and will hopefully cement some good profits for us all.

I do have a plan for my bitcoin and it's looking like the next bull cycle ath may be my exit from the space. Although having said that I would like to keep a some btc.

For the future of bitcoin I hope the space becomes more resilient and we see less issues like Mt Gox etc. I also hope to see more people adopting bitcoin but for the moment a lot of people just don't understand it.

congratulations as you set to meet up with your goal after holding and accumulating for such long  periods of time.
If I may ask, do you hope to meet a new ATH in a quite short run now or you would hold until the bull run while reaching its ATH? I asked this because the current ATH was not a lead of the bull run even but of a just normal market pump.
So what if we experience a new ATH while the bull run is still ahead, would you still opt of the industry? And again, it is unpredictable to believe the bull would take place this year and investors on a short term goals are the once craving for this bull run to be expected sudden while those on a longer goal or those who are not satisfied in their accumulate assets are craving for a delay of the bull run until the accumulates so much to their satisfaction just like you did hold up til date which is as a result of your goals.
So, we all live by the market sentiments with unproved predictions.
I am also interested to ask why you want to exit after making much profits even when the market has not lost it reputations of productiveness? Have you achieved a much money to serve with the rest of your life or you think bitcoin does not have that potentials to set up a retirement goal in the system?
I guess everyone has their personal goal in the industry though but for me, I am set to take profit as much as the market could provide and I am gonna rest assured of parting part in investing for my retirements as well.

[Z-tight]

I do have a plan for my bitcoin and it's looking like the next bull cycle ath may be my exit from the space. Although having said that I would like to keep a some btc.

I do not like to talk about 'exit plan' with BTC, because why would one want to sell all of their BTC's to fiat, a currency that is affected greatly by inflation, especially when it is a fiat currency of a third world country. You can sell a portion of your BTC to buy things for your pleasure or to diversify into different assets, but selling all of it is a no for me.

For the future of bitcoin I hope the space becomes more resilient and we see less issues like Mt Gox etc. I also hope to see more people adopting bitcoin but for the moment a lot of people just don't understand it.

Collapsed and failed centralized exchanges has nothing to do with BTC or its future, custodial services are vulnerable to things like that, because there is a central authority in control, and if you leave your funds in such service, your safety is in the hands of those who control it, and with people like sbf running an exchange, it is never a safe option. Your BTC should only be stored in your self custodial wallet.

[salad daging]

I think the end of 2024 will be interesting time, and will hopefully cement some good profits for us all.

Yeah the end of 2024 and the beginning of 2025 quarter 1 may be a lot of investors expect where bitcoin can bullrun again of course they are looking forward to profits.

I do have a plan for my bitcoin and it's looking like the next bull cycle ath may be my exit from the space. Although having said that I would like to keep a some btc.

So with the upcoming cycle you will get out of bitcoin and still keep a little bitcoin? Do you feel bitcoin is already high and difficult to accumulate, this is what I understand now.

For the future of bitcoin I hope the space becomes more resilient and we see less issues like Mt Gox etc. I also hope to see more people adopting bitcoin but for the moment a lot of people just don't understand it.

In 2022 there are many problems with large companies that collapse, of course FTX and several other institutions, while Mtgox has long happened in 2014.
Rest assured that in the next 10 years bitcoin adoption will be more developed.

[Reatim]

I do have a plan for my bitcoin and it's looking like the next bull cycle ath may be my exit from the space. Although having said that I would like to keep a some btc.

Same here. I would like to take most of my profits just right before the bear market starts but it doesn’t mean I would totally abandon bitcoin. In fact the bear market might be the ideal time to buy some bitcoin as the price will drop and I can get it for cheaper price then wait until bull market starts again.

For the future of bitcoin I hope the space becomes more resilient and we see less issues like Mt Gox etc. I also hope to see more people adopting bitcoin but for the moment a lot of people just don't understand it.

People are definitely going to build stronger and more resilient system to protect bitcoin but as this develops, there will also be stronger attacks trying to penetrate bitcoin.

The future is uncertain but my hope for bitcoin remains unwavering.

[Blitzboy]

Thats what I call patience, the kind of patience you need to build a real empire. You want to sell at the next high. Thats smart, but its more than just smart, its wise. Understanding life's cycles and ups and downs.  Life, like Bitcoin, is a gamble. We create plans, but occasionally they fail. Its beautiful because its unpredictable. It must be accepted. Selling your Bitcoin may not be the end. It may be a fresh start, a chance to experiment and invest. Bitcoin grows stronger with increased adoption. Like a family or community - we're creating this world together. This is the future. Continue holding, buying, selling, believing and repeating.

[re-start]

Welcome to the forum OP. If you've bought Bitcoins since 2016, then this forum is the best place for you and I hope you will share valuable content with us.

But if I were you, I wouldn't sell all my bitcoins and keep at least part of it for more profits (for example until 2028). Although holding Bitcoin for 8 years requires patience and I congratulate you. You are a real BTC holder.

[Lokstar]

Hi all,

Thanks for the great replies. I've been made to feel very welcome here    I really should have signed up sooner.

There have been some great comments. I noticed a few comments about me exiting btc. To be honest it's been a rollercoaster, especially going through some significant dips. The phrase 'if in doubt, zoom out' definitely applies here. When I bought my btc would you believe I was kicking myself for missing the ATH of 19.2K in December 2017. From the dip that followed I decided to just throw all of my savings into btc as bank interest rates were so low, and leave my btc in cold storage.

Fast forward to today and I think I'm at the stage that I would like to take some profits. If I'm honest it's performed better than I could have expected and I believe it will continue to do so. Sure the cycles may smooth out a bit and be less volatile but I think bitcoin has a lot of head room left.

I do feel I could have been a lot smarter with my btc and made use of the dips etc but thats all hindsight. I'm by no means a trader and I don't have a whole lot of understanding of the markets. If I'm honest I'm sometimes surprised at the type of news that can make moves in btc markets.

When I purchased my bitcoin I remember it being mentioned in media because of the halving. I also remember making my first purchase at the time wasn't so simple. It's certainly got easier now.  Also at the time it was the fact that savings accounts interest rates were so low it made sense. I also don't mind risk. I don't mean risk of losing money but simply having to wait longer than expected for a market to reverse bearish momentum. I feel the worse thing people do is see a dip, panic and cash out only to find btc recovering and surpassing the previous price.

I'm actually exiting into an asset rather than converting to fiat. Although I will need it in fiat for a very short time. The thought of cashing out fully makes me sad as it's a very exciting space. I feel we have lots more to come. I think somewhere in some wallet I will still be holding some btc. Maybe my initial input. I'll just take out my profits.

[lovesmayfamilis]

Reading such stories, I always imagine a successful person who practically does not need money. After all, the long-term and inviolable storage of bitcoins for quite a long time speaks volumes about your financial situation, doesn’t it? If this is so, then no questions arise, but a lot of time has passed, and your savings could have brought you beautiful sums. Are there no desires or dreams to materialize them? Just a question: is there a purpose for saving? After all, we do not get younger year by year, and a person has only one life. I don’t want to enjoy in old age what I deprived myself of when I was young.

[Richbased]

I don’t want to enjoy in old age what I deprived myself of when I was young.

This has been what many people don't know, every one is talking about the future but haven't thought about now, like we don't even know what the future holds because we can even spend the whole of our lives investing in the future but all of a sudden everything might be gone and we look so confused and begin to regret that if we had known we would have enjoyed part of it in the past when we were young instead of spending so many years making investments and even if we are successful investors it makes no sense enjoying wealth at old age when we are almost getting close to the grave and this is why we ought to also enjoy ourselves while making investments and not only focus on making investments and depriving ourselves so many fantasy of life just because we want to have a good future. We can still enjoy our money while we are young and still make investments that will help us in the future. The younger is the better because you are still energetic and vibrant at that young stage of life.

I know some people will say that the reason for investing so much in the future is to make a better life for their offspring, it isn't a bad idea but making so much investment for your loved ones is also a way to make them feel lazy without knowing the efforts put together before they got such privilege and in such situation they can live a larvish lifestyle because they don't know the pain and determination you took just to secure a better future for them.

[Ojima-ojo]

You bought bitcoin in 2016 which at all point you are at a roll with your profits and am am sure that you are taking advantage of the volitility to cash out some of your profits, to enjoy you investment at least at this point in time, because from your comments it shows that you have a long term picture in mind and at such you should be equipped with all the necessary tools that will aid your success as an investor which includes making and taking profits along the way and not allowing greed for future more gains to take away the pleasure of investing in asset like bitcoin.

[fredericktaylor]

That's what I mean when I say that building a true empire requires time. The aim is to sell at the top.. That's wise beyond intellect, but it's intelligent anyway. acknowledging life's cycles and ups and downs. Life is like bitcoin: it's a gamble. Although we make plans, things don't always go as planned. It's charmingly unpredictable. It must be admitted. Selling your bitcoin could not be the end. It could be a chance for a fresh start, an investment, and an experiment. Bitcoin gets stronger as more people use it. Like a family or community, each of us has contributed to the creation of this cosmos. The time for the future is now. Believing, holding, buying, selling, and repeating all go on.