Hey everyone.
I’ve got 0.001 BTC (current value around 100 bucks) from a site and I’m thinking of doing a little experiment with it. The idea is to see if I can grow this initial BTC amount (0.001) by trading selling when I think BTC is overpriced and buying when I think it's underpriced.
I’m convinced that by 2040, Bitcoin could hit a million dollars, but I’m also aware that its price will fluctuate a lot until then, maybe dropping to a hundred grand at some point. So, what’s my holding really worth? Is it gonna be around 1000 bucks? More? Or possibly less?
Can’t wait to see how it goes,
Jaanus
P.S. For any investor, having control when everything else is chaotic is the best-case scenario. Next is having order both inside and outside. Chaos in and chaos out is pretty bad. The worst is when you have stability outside but chaos within.
It seems like success is pretty linked to keeping things orderly inside while the world spins out of control.
A little experiment: is hodling or trading better?
19 replies 463 views
alex.shardLegendary
Posts: 1019 · Reputation: 5623
#2Jun 26, 2023, 02:30 PM
We do not know when bitcoin will get to $1 million but we know that bitcoin would have increased if you hold it. Just see long term holding as a hedge against inflation but bitcoin will do justire than that.
As for trading, it is highly risky. You are a newbie, if you do not want to lose youriney, do not trade with it. Trade with the money that you can afford to lose.
diamond1337Full Member
Posts: 115 · Reputation: 689
#3Jun 26, 2023, 06:49 PM
Good luck with trading! Just remember, its not for everyone, and honestly, only a few really succeed at it.
If you want a less stressful and simpler path, go for long-term holding. Youve got no problem anyway, since you believe Bitcoin will hit $1 million someday. So just keep buying consistently using DCA (Dollar Cost Averaging) and learn how to secure your holdings. Thats it, simple and chill strategy.
Thank you for quick answering. I am generally agree with you. I think that most people would benefit if their BTC holdings could be frozen 12-15 years ago
This 0.001 BTC is small enough I can afford to lose. But it is big enough to get much fun if I will be right and there will be great BTC price fluctuations ahead.
First question, could you possible be able to increase your BTC via trading. Yes, of course! Buy low and selling high on which this is just indeed the basic but actually the most hardest thing to be done when you are already on the actual situation or condition on dealing up with trading.
Second question, Would it be that reaching $1M/coin in 2040? No one really knows and no one will really be having the crystal ball on which everything would remain speculative no matter what.
If you are having those kind of positivity towards into its potential then you could always have the option to hold up for long term but since you do want to have that trading approach
then it will be that up into your choice.
Third question. Is $1000 worth of Bitcoin now is enough or should suffice? The key on here is that you should be that investing into the amount on which you can afford to lose.
It doesnt matter whether it would be small or big as long you are that investing or making use of the amount that you wont be that affecting out your finances then it should be just that fine.
Dont go all in, so that whenever there are some unfortunate things to happen you wont be ending up on getting broke because you have that putting up too much.
GigaSatoshiFull Member
Posts: 101 · Reputation: 659
#6Jun 29, 2023, 11:03 AM
If you are willing to lose the assets you have collected then it is okay to try it, the question is do you have enough knowledge in the field of trading? because trading is not as easy as clicking BUY / SELL there is a lot to learn so that our entry point is right. So I think holding is much better and lower risk.
Nobody knows but nothing is possible especially bitcoin has shown extraordinary development since its launch and currently bitcoin is very popular so it is possible that the price of 1 million for 1 coin occurs but who knows when 1 decade or 2 decades or more. who knows.
HyperCipherFull Member
Posts: 220 · Reputation: 780
#7Jun 29, 2023, 04:13 PM
OP, from a pleb to a pleb, just HODL. There's no need for an experiment, you'll merely waste your BTC0.001. Either keep it, OR buy yourself something nice or something you can use.
Gambling with it through "trading" would simply be a waste of your time and your coins because of one simple fact - Most "traders" can't outperform Bitcoin.
CalmLedgerSenior Member
Posts: 236 · Reputation: 1270
#8Jun 29, 2023, 07:44 PM
If I were you, I will hold 0.001 BTC and use the other free money that I have to trading. Maybe I will difficult to buy 0.001 BTC if I loss that amount in trading. But if you are sure with your skill in trading, you can sell that Bitcoin and trade more. We don't know when Bitcoin will be worth around million USD in 2040. But if you still hold that amount while you use the other money for trading, your chance to increase that Bitcoin amount you have will be bigger. But that will depend on your skill in trading. That is up to you.
For such a small amount, I think it's better to take a little risk and get into trading. Even though it's riskier, but it still has a potential to increase the amount of your Bitcoins. You may loose it all as well. But since the amount is small, if it fits your risk appetite, go ahead with trading. I would be doing that if I were at your place.
Holding is good and less risky. But you never know when Bitcoin's price will reach to a million dollar. It may not happen in your lifetime. So take a little risk and try to increase the amount you are holding.
viper_2009Full Member
Posts: 68 · Reputation: 406
#10Jun 30, 2023, 03:01 AM
You already know the answer. Trading will only make you lose, while hodling does not incur losses, you will only lose if you decide to sell it at a loss. So if you want that small amount of btc to make it 100x or 1000x in the long run, do not trade, but hold.
While trading is risky and will only end up at a loss, hodling will prevent you from losing as you intend to hold your coins until you end up seeing an excellent price to sell.
Good that someone is testing it, but it has been tested many times before. We have seen great traders make more than holding, and we have seen some people who not only didn't make a profit but instead lost. That is the most important difference, if you do nothing at all then you are going to lose and you should not be losing like that if you are a good trader.
So make sure that you know what you are doing and you could do more profit than holding, tons of people do, so if you want to then just work on becoming a great trader. Or you do not have to, you could just end up holding and that is not bad income neither because if you hold long enough then you are making a profit too. If you could accumulate and keep getting more and never sell then in the long run you are going to make a good amount of profit too.
Well, you can always do both with your next pay check or something lol. Or do you have some sort of situation so it's not possible?
Otherwise, you can play with this small amount for trading plus hodl bitcoin on the other side. In addition, it's not necessary to do a one big purchase as well, because for instance, you can always DCA with a small amount every paycheck where you focus on accumulation. This might interest you op, see: https://dcabtc.com/
If you have the knowledge to trade, then why not?
However, I believe the chance of success is only 5% out of 100%. So, theres no guarantee that you will succeed.
It's very risky, which is why I tend to agree with the comment above about HODLing for a long period and waiting. Regarding your question about when the price will rise, nobody knows when that will happen. Many people here believe that Bitcoin will reach another ATH, which is why they continue to HODL.
I prefer to accumulate over time during short corrections, this falls under the DCA category of investing in Bitcoin.
You can research how it works.
Trading can give us impressive profits as long as you trade professionally. But if you are still starting to learn the process, do not expect for some gains but realistically, expect consistent losses. Thats how risky trading is. Thats why its best if you hold your coins for now and see it grow in time.
Youre not closing doors for trading, but just give it yourself a time to learn and master trading. Focus on hodling for now.
diamond_atlasSenior Member
Posts: 408 · Reputation: 1359
#15Jul 2, 2023, 11:34 AM
Freebitco.in is a very old casino that has an old Bitcoin faucet too but nowadays its faucet for each claim is small and surely not as big as 0.001 BTC.
Would you mind sharing how did you get 0.001 BTC from Freebitco.in, please?
I don't think you got it from its faucet.
List Of Crypto Casinos with The Best Faucets.
You are wondering between Investment and Trading, what is better, let's see results from holding (investment) and trading.
Holding: https://casebitcoin.com/charts#roi_chart
Trading: https://www.investopedia.com/articles/active-trading/053115/average-rate-return-day-traders.asp
The answer is clear now.
Hold that amount and withdraw it from freebitco.in. It is better to hold in your private wallet but if you still want to keep that amount in your freebitco.in account, that also up to you.
If you want to use that amount to trade, you must think how good you are in trading. If you are sure about your skill, you can trade. But trading have its risk so you need to be careful.
We can suggest more but you need to determine by yourself. We don't know if your holding will worth $1000 but I hope that will happen as you want.
Well if you only hodl that 0.001 BTC you are going to make some profit. Bitcoin is going to have a 'bull run' and then we will see a new all time high.
But if you want to trade it well then you can lose it. It is not so easy for us to trade crypto that is why alot of investors just hodl and take profit from it.
HyperCipherFull Member
Posts: 220 · Reputation: 780
#18Jul 6, 2023, 11:57 PM
OR, if he truly wants to gamble and lose his money, then why not do it the better way. Go to an exchange where he/she can trade Bitcoin on leverage.
The point of the matter here is to avoid gambling on shitcoins.
BUT what plebs should actually be doing is to find a job, a second job, and stack sats.
Nah OP is not here for advice. OP knows FBC site, and to get 0.001 there he must have been freerolling for a while, so he's not hew to crypto or to forum
If OP really wants to have fun with that and doesn't mind losing, and seems to want to gamble, why not deposit and play in a tournament? $100 can get you $5 or $10 if played patiently while building up rewards.
Or... YOLO on dice x100.
Better than trading.
I would do the same. It's really a small amount of money and holding it for a long time won't do him much good, because even if bitcoin reaches $1 million it won't make him rich or change his life. The profit he gets when bitcoin hits 1 million is only $1k, holding for 10 or 20 years just to earn $1k, is it worth it?
Instead, he can try his luck by trading but do not set too high expectations because high returns come with high risks, he needs to accept that. Or he can gamble with that money right on freebitco because he has no trading knowledge, and trading with him is like gambling .
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