Post
Topic
Board Bitcoin Discussion
Re: Little Bitcoin investment becoming something else
by
Smack That Ace
on 30/04/2023, 10:39:56 UTC
Maybe you have skipped some of the comments where members suggest OP to hold his coins and invest for long time. You don't need to accuse anyone here, you can always give your suggestions no matter OP got his answer or not.
Always invest for a long time, that is the only suggestion from me. If you can hold your coins for a long time you can make profit.
But if you read carefully what the OP said, she needs money to raise her children, and it is an urgent need, so it is up to her to hold or sell. I still prioritize parenting, and if she doesn't have a solution to that problem selling bitcoin is the right thing to do. I know she is very strong because she does not want to depend on her husband. But do not invest with money to raise children because bitcoin is not an easy and quick place to make money.
I agree, I had the same thing with my family as well, I held as long as I could and when there was a hospital bill to be paid, I sold all my coins without thinking twice about it because that's how you do it. I personally agree that it is not going to be easy to find a solution to it considering all the trouble we had, but that doesn't mean that we should be avoiding it anyway neither.

I hope that it gets to a point where it will be much better for all of us and we won't need to cash it out. But, if we ever need to cash it out for our family then there is no discussion for me, I will just sell all of it. There are priorities in life and family is much more important than getting rich, sure they would benefit if you get rich, but no reason to put them in poverty until you do.

Another thing is the opportunity to invest in bitcoin is always there, if you can't invest now, when you have money you can invest later, it's never too late to invest. Getting rich is a long road, it's a process, and we can't build it in a few days, so we have plenty of opportunities to do it. I also think like you, children and family should always come first, children should not go hungry just because we are saving trying to build a portfolio.
The idea of "too late to make an investment" is a myth because there is always a perfect opportunity to make an investment in this type of market, all you need to do is to have courage, confidence, patience, discpline and also capital to start making investment. Even though there are now a lot of coins that became expensive, for me there is still plenty of opportunities that you can ride and make huge amount of gains if you will just train your mind to see those opportunities.

People who says that it is already too late to make an investment, is the people who do not know how to see opportunities. They didn't train their mind to see those perfect time to purchase bitcoin and other asset. In order to train our mind, you should take note that it requires hard work and consistency. You cannot become great investor if you just study 1-3 days, you need a lot of time and for me it requires months of even years just to have the knowledge you must have in order to make gains consistently.

We also have to admit that the earlier an investment is made, the higher the chance of a return, but that does not mean that the later investment will not receive a good return. There were many people who entered the market much earlier than us, but they left the market when the bear season arrived. But if we entered after them and have confidence in the market, we keep holding despite the market crash, then I believe our profits are second to none.
My investment motto is: It doesn't matter whether you enter the market sooner or later, what matters is how long you will stick with it.