Post
Topic
Board Bitcoin Discussion
Re: Life's first investment in Bitcoin by selling bicycles
by
Distinctin
on 23/02/2023, 21:25:43 UTC
Great OP, although many people are not happy that selling assets to buy bitcoin is not advisable, but sometimes we need to make tradeoffs, and take risks to achieve greater things. If it is a house or other important assets, it is not recommended, but this is just a bicycle, I believe it will not affect your life too much, and you certainly have a plan for yourself.

The next thing you need to do is hold it long enough until you make a profit, and to do that, you need knowledge, knowledge is the only way to succeed.

I guess OP is in the right track, congrats on your first accumulation of bitcoin. But in order to grow your bitcoin, you need to hold them as long term investment. Like 3-5 years, or even 10 years if you want, because the longer you hold them, the higher the returns. But also take time to sell in times of profits, as you are here eventually to make decent amount of profits. And don’t be comfortable saving your bitcoin into an exchange for long, have your own personal wallet so that you can manage your funds well.