Post
Topic
Board Bitcoin Discussion
Re: Knowing when to own your bitcoin
by
adultcrypto
on 18/02/2024, 16:30:39 UTC
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.