Bitcoin Forum

Step 1: Buy Bitcoin
Step 2: Hold

https://i.imgur.com/AanbBVE.png

Chart done by:  MILTON FRIEDMAN JR

ENJOY! YOU RICH NOW!

hmmmm, this reminds me of something:

https://imgs.xkcd.com/comics/extrapolating.png

don't get me wrong, i'm a bitcoin believer. but i've seen more convincing charts! :P

You really made my day, bro. Well, direct two tips in crypto investing. No more sideways just buy and hold. I remember one chart that also make me laugh. The chart shows bitcoin fireworks.

https://i.ibb.co/RymCqwD/IMG-20190820-151356.jpg
Image source (https://www.google.com/amp/busy.org/@jblue/bitcoin-chart-meme-fireworks/amp)
I envy your direct and straight line in the chart. We can see huge profits at the top. ;D Sorry for unclear image, just crop it from my phone.

I have to say, you chart is as good as any chart posted here, no doubt
BTC will not follow any chart because there is a huge number of variables, so you chart have the point of: Buy and Hold

...

And probably will work  ;D ;D ;D

Hold sound easy, but isn't really easy at all, because when price bump we see it as a win opportunity and we don't know how high it will go. In the past i had run out with 40% profit and after that i saw how the graph goes over 200% profit, so was i mistake to run with 40%? was some hard mixed feelings, in that moment i know i was winning, but inside i was feeling like a loser because i could win a lot more. Is hard to know when to stop holding.

Also set the price on when to sell, it's not just about holding but it's also about on how you are going to make money once the market rises.

Same experience, before selling think of it if you are satisfied with the price so that you will not have the feel of worry and start asking the what ifs that's rotating on your mind. 40% is a good gain though but I know what it feels when you see the charts skyrockets after selling.

Most accurate chart I have seen in ages  8)

We should not take the corresponding chart values literally.  ;D
Maybe, he's presenting just an overview of what will happen to bitcoin in the coming years.
The 2020 timeline might be 2030, 2040 or 2050, who knows?
But billions? Please get real here.  :P

There is really a xkcd for everything isn't there :D If people realized bitcoin would be this high 10 years ago they would have bought all of it and that would have ruined the market for either making it go up a lot right away or making only few people interested in it since it would be hard to get in.

Bitcoin price went up exactly how it should have and people who got in did it exactly when they suppose to in order to reach these prices any earlier and we would have problems of bitcoin wealthy, any later we would have adoption problems. That is why this makes no sense at all, the ones who did it already did and the ones who didn't but got in later managed to make bitcoin go up for those people so you can say "should have gotten in earlier".

However, the logic that "buy and hodl" still stands because bitcoin is an anti-inflation currency.

Step 3: Bitcoin price dump
Step 4: Sell on loss
Step 5: Regret
Step 6: Hesitant to buy on dip
Step 7: Buy on peak
Step 8: Rinse and repeat.

Holding is not a very bad idea, but trading is also going to fetch you some money, do you know that if you buy 1 bitcoin and you had done scalp trading professionally from the time bitcoin started rising, and you don’t go on leverage trade that will force you to apply stop loss to your trade, you would have even ,made that $100k by now.

Holding is not that easy to practice alone, and it comes down to why I usually do advise people to try as much as possible to practice both, it is when they have trading activities to supplement their holding activity that they can wait for that long and not sell even when bitcoin touches values that are before the $100k, at least with trading they would still be making money and not feel or miss their long term investment.

Do you know that almost all exchanges that existed 5 years ago got hacked.
Chances you would have lost everything is quite high.

HODL is the safest (and easiest) way to get good returns.
Trading can give better returns but watch out with stop loss and going short.

Indeed, its one of the best technique to earn profit but it takes a lot of time and it test your patience and knowledge. It can also help us to grab new opportunities, its not that simple though but that's investing it is either you earn or you loss.

It depends.  If you wanna trade alts to get more BTC, it's a bad time.  Everybody's racing to get to the exit a few hours to a day, couple of days after getting in. 

I mean I tried for the past couple of months...  Those bots are hard to beat.  Lol. 

If you have the right alt it will go parabolic once bitcoin goes parabolic and gets harder to get.
Profits can be higher if you get the right alt at the right time. That's why I have bought some ETH currently...

^  That's the thing tho.  Picking an alt is harder than it used to be.  Could be that it's all BTC for now or the noobs have become a lot smarter (or maybe their broke now and left.  Lol).

Wait a minute. Your chart shows 100,000 before 2020... Am I dreaming? Can this be possible? Four months left to the year and I could be still able to scrounge around for 1 btc to find myself sitting on a 6 digit fortune before 2020?

I knew there was a science to wise holding! Just never realised how straightforward it would be... Literally.

When BTC goes parabolic it gains it's ATH within 30 days. Usually 500% or more. If you have never been through these cycles you wouldn't believe it...

This reminds me of it all, bitcoin was unstoppable then in lasts 2017. Really, the right altcoin is what is needed for the overnight wealth that will get people asking questions in surprise. ;D