Bitcoin Forum

Bitcoin is not a new term to most of the investors or general public in whole and it's all over the news due to increase in prices,major companies making move to accept it as mode of payment or investing huge sums of money into it like Tesla with approximately 42k bitcoins and Microstrategy with 110k bitcoins in the balance sheet.We all know how much importance and recognition it has gained with time in the period of 13 years

Year          Price
2009         $0
2013         $200 (200x)
2017         $20k ( 100x)
2021          $68kATH(4.25x) Overall (68,000x)

Although we are at $49k at current

Have any other assest given you this much profits with holding them over all these years? The stock market was the only best option to people aside from gold but after the introduction of bitcoin people slowly and gradually became interested in Bitcoin and then whosoever came to know the decentralized, deflationary and secured system they put up the money into bitcoin.

Dollar devaluation

People fear when the bitcoin prices fell down but have they ever cared to notice how much the fiat they are holding for years like the legal cash which they earn as salary,spend them on various items, paying taxes has depreciated almost 70-80% of it's original value over this time and this is the case with most of the currencies over time.If your USD is strong compared to some other weak nations currencies it doesn't imply that inflation has not hit the same but the case is different for all nations and over time it will become value less or just piece of paper like in Vietnam there are one Million Bolivian dollar could not buy you toilet paper only so what's the holding of these currencies at last if not investing?

https://i.ibb.co/qstZhcN/images-47.jpg (https://ibb.co/1qDSBPr)

Gold devaluation

The fiat have gone too much down in the value and speaking of another safe heaven gold for people and have the top most priority of people's investment has not given any returns over past 10 years and moreover there is value depreciation of $4 for $1000 worth of gold investment so what's the fun of holding these gold bars in your bank locker which is shining metal only to show off to people only and not going to give you any returns for future guarantee?


Inflationary Financial Assets

You people invest in stock market and is the returns stable? NO there is volatility there also but some don't fear the same because it's regulated and you feel safe? Or you think the stock would pump again and funds will be restored with profits? So why not have the same approach for Bitcoin also which has given so much returns over all these years? I prefer because all other asset are not deflationary and you can't have $100 remaining $100 also after 5 years also so you need to invest it so why not make wise move and prefer bitcoin for the same reason you are investing in other financial assets?

Why not altcoins?

I would not go into much detail about the same as i have given it many times but to explain it in simple way here is illustration for you all :


So if you understand the market and want to safeguard yourself from all of these problems then BTC is the best option for you.Few understand it fast rest late but soon you understand the better it will be for you.

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I am proud btc holder and these are the reasons why dips don't panic me and I am not afraid of because all other investment have already been screwed up already by the government policies and all that same stuff but btc is hope to me personally that shows some bright future ahead free from worries if I manage to HODL for all these years and I will surely do that.Do you guys have any other options?

I agree with you in principle.
The rise in the price of btc in these 10 years has been truly amazing and whoever was smart enough to just hodl it and not sell it could already make a lot of money.
It is very difficult to predict the future but I have a feeling that in the long run btc will continue to grow and in a period of about 5 years may reach a magical level of 1M $.
However, I do not recommend betting only on btc or cryptocurrencies, because there is always a risk, and I think there are also very good earning opportunities in real business.
Personally, I have invested part of the earned cryptocurrencies in a very promising business start up related to the development of new technologies, with the expected growth of up to 20 times.
I expect good results from all my investments  ;D

Bitcoin does solve a lot of problems in our current society due to how the network is built and the features, and those who have learnt of it now are the early adopters, cause they joined before six figures.
In my opinion, the price someone bought in at does not matter much, as you will still be able to access all the features.

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However, regardless of how promising bitcoin is and how high its value can get, we should also consider the risks involved and how bitcoin as a currency cannot survive alone without alternative currencies (fiat). And storing all your funds in bitcoin is not feasible as it is not universally accepted and transactions are not instant.

For the most of us bitcoin was the reason we came to know about cryptocurrencies and became the part of the crypto community.
After all these years and thousands of cryptocurrencies launching every year we can conclude that so far bitcoin is the best cryptocurrency.
Surviving all the dumps and bouncing back stronger has become a thing for bitcoin and has helped all of us secure great profits holding bitcoin.
But as they say we should not put all our eggs in one basket. While bitcoin is the best coin we should also explore other projects and hold some potential altcoins.
Diversification is a good strategy and we cannot really be sure if bitcoin can keep growing like this forever.
At some point it has to fall back and some other coin might give out better returns.

That's very unfortunate but true. Btc still need fiat i.e. usd for measuring its value. We still say 1 btc is 50k usd. Btc is very much popular in its community but its adoption at mass level is still very slow. Gold is old and matured market as compared to crypto or any other trading market, thats why it has more investment. Crypto is progressing but its a long journey.

Purchasing power of the US. dollar (https://www.visualcapitalist.com/purchasing-power-of-the-u-s-dollar-over-time/) (more details to read)
If you look at price in Yearly Lowest price, that will eliminate ups & downs and gives you better overview on what happen over years. Tell me, what do you see? Bullish or bearish?
40% of US. dollar in circulation was printed in last 2 years. It is good evidence to wipe out all belief in fiat system?

I have to disagree with you here. Bitcoin is about being a currency. Yes, everyone wants the price gains and everyone wants to accumulate more, but bitcoin is first and foremost a currency. If no one ever used it as a currency, then we wouldn't be where we are today. Sure, if I had never spent a single satoshi then my bitcoin stack would be bigger than it is now, but I'm happy that every satoshi I've spent has helped to grow the bitcoin ecosystem and lead to further adoption, and I'm happy that I've had several years of financial autonomy, holding my own money securely, and not requiring any approval from any third party to spend my own money where I want and when I want. Even Laszlo Hanyecz has said he has no regrets spending 10,000 bitcoin on two pizzas.

The only transaction which is instant is physical cash traded face to face. Every other fiat method is slower than bitcoin.

Diversification means putting money in to different sectors, such as stocks, bonds, commodities, property, etc., that aren't intrinsically linked to one another. It does not mean buying a bunch of shitcoins which if bitcoin dumps, they all dump even harder. That does absolutely nothing to reduce the risk of your portfolio.

I would actually say the opposite; there are more ways to spend bitcoin now as a currency now than there was ten or so years ago due to emergence of more merchants and projects such as lightening network.

So many factors affect the volatility of bitcoin, that it would be impossible to pinpoint just one, but the most salient imo, should be the features it was built with, which attracts companies and individuals.

I don't necessarily think you are wrong, but we simply don't have the data or statistics to say one way or another if bitcoin is predominantly being used for speculation, spending, or whatever. I'm certainly not disagreeing that large numbers of people have never used bitcoin as a currency and only use it as an asset, speculation, store of value, trading, whatever, but I am disagreeing when you say you that you would not recommend using it as a currency. If nobody used bitcoin as a currency, then it would have no inherent value and we would be nowhere near the price point in fiat that we are today. Using it as a currency is the only thing which encourages it adoption, spread, and growth. Without its use as a currency, then all you have are people trading a useless asset back and forth, which cannot be used for anything other than being traded back and forth, not dissimilar to 99% of the shitcoins currently in existence.

Yes, many large companies buy and hold bitcoin solely as an asset, but at the end of the day it is people using bitcoin to buy goods and services which gives it real value.

holding BTC is the most appropriate choice for the long term. BTC remains the king of coins, even though many altcoins have sprung up and are starting to give their portfolios that they can rival bitcoin. But bitcoin is still Bitcoin, nothing compares to it. Altcoins have a lot of scam coins and don't last long. Altcoins are just a pump and dump tool.
I have also been a Bitcoin holder for the last few years and it has been very satisfying.
Bitcoin is still a new digital asset that can shake the world with a very drastic increase.

It's interesting to see that people who invested in gold ten years ago lost most money compared to all other assets, and that is even worse if we know that dollar lost it's value.
Bitcoin is probably the best thing you can have in times of hyperinflation and I am expecting to see even bigger price changes in future.
I am not worried about any drops in price and I think that I become fairly resistant to pain related with Bitcoin dips :)

It's not fair to compare Bitcoin with stocks, since Bitcoin started from $0 while stocks had some initial value, and also using single timeframe for all assets. Because you can just as easily take a shitcoin that pumped like crazy a month ago and say that it outperformed Bitcoin by x100 times, so it's a better asset.

Bitcoin is a good investment because it has strong fundamentals - its network, its community, the codebase, innovation; not because it showed great performance in the past.

Gold has NEVER been a good investment. If you are looking at commodities in general or even just for holding something at home to "trade in case of the end of the world"
But, people know what it is and you have the hucksters on TV pushing it to a certain segment of the population so it keeps moving sideways.

As for BTC ups and downs. Yeah, it does that. If you can't take the dips get off the rollercoaster.
If you stay on, it's going to be a fun ride.

-Dave

This is not really the case if we look at whole human history.
Gold is holding it's value for ages and every country still have big gold reserves, some even forced took gold from their own citizens like United States, and made it illegal for people to hold gold (same could happen with BTC).
I think that gold price in recent times is held down artificially and gold has many use cases in real world, but I think that Bitcoin has other advantages compared to gold.

One who've made good profit out of bitcoin will never think of any other assets for investment. It is all because of the trust it gained over the short term. In ten years time, the market have progressed and has reached a new position. This won't happen with any traditional way of investment. Another thing, the adoption level and acceptance on real life needs have been constantly increasing with time. This is more important for real growth than a push or some form of manipulated growth.

Alts come and go but we have seen how btc survive and achieve new ATHs throughout the years.
This is why it is understandable if some crypto users are all in with bitcoin.
And up until now, the first crypto that anyone will recognize is bitcoin, and so with noncrypto users.
So if someone has gone all the ups and downs with btc, he pretty sure knows how to handle his satoshis.

I partially agree with you op. There are pros and cons associated with all the assets that you listed.

The truth is that FIAT currencies like USD, EUR etc will always be more reliable in the short-term and long-term when compared to cryptocurrencies like BTC, ETH, LTC etc due to reasons like volatility, historical advantage etc.

Personally, I prefer BTC and other popular cryptocurrencies over other assets even though they are less reliable. Why? Because of the ability to conduct financial transactions online without any sort of government interference in a decentralised manner.

How about gold has not been a good investment for a really long time.
Yes you can pick 2 specific points in time and say look gold was a good deal if you bought here and sold here.
However, overall there are many investment products that have had consistent better returns.
There are also many investments that are worse.

-Dave

buying bitcoin means that we have invested the same as we buy assets or other shaped things.so with all the risks that exist it is not an obstacle because every investment certainly has its own risks such as bitcoin, for example, of course also has a low price when the price of bitcoin drastic decline maybe this is what is called an investment where we can not always get profits.but bitcoin investments are long-term and and experience a phase of ups and downs in bitcoin prices.panic itself usually occurs among beginners who do not know what if bitcoin goes down and also when bitcoin

With Bitcoin it's always a good idea to zoom out.

Here's a handy graph that shows how many sats you can buy with $1 over time (https://usdsat.com)

You can clearly see the purchasing power of the USD going down over the years. You can buy less and less Bitcoin with your USD over time.

In terms of hodling Bitcoin, again having a long term mindset helps a lot. This site shows the current hodl line, which is at 3 years, 4 months and 4 days (https://hodl.camp)

In the entire history of Bitcoin, if you hodled for at least that amount of time, it doesn't matter when you bought Bitcoin, you did not lose purchasing power. That's incredible, really.

So, at the bare minimum, people should have a minimum hodl mentality of about 3.5 years, which almost matches perfectly with the roughly 4 years for the next halvening.

Looking at all this information, reading how Bitcoin was created, etc, I really don't care about the short term price fluctuations. I can confidently keep stacking sats, for decades.

My reason is very simple the why I prefer bitcoin than other is bitcoin does not depreciate instead it appreciate so when ever the market is going upside down you don't have to panic because it will surely normalize to it nature that my reason why I prefer bitcoin than other assets.

I think its always the nature of bitcoin to move upward rather than to stay in a low value and then eventually drop even more, its more on shitcoins. So for us long term hodlers, any price dumps brought by price correction or bear season, won't be a big deal as we know exactly that bitcoin will always recover and eventually reach new all time highs. And i guess everyday is a perfect time to buy bitcoin regardless of its price as it will never depreciate its value in the long run.

That's because Bitcoin has a lot of use case and also, even when it dips, you can be rest assured that the price will come up again. But for some altcoin, they never reach their previous ATH after a major dip. That's why Bitcoin is preferred to be held as a long term asset.

What significant and large global companies are making moves to accept BTC as a means of payment? What MS and Mr.Mars are doing has nothing to do with the real idea behind Bitcoin, and if you need to remind yourself, read the whitepaper. If the idea is for big companies and wealthy individuals to buy most of the BTC and raise the price, and for the rest of us to profit by selling them what we have and thus ending the story of the first decentralized cryptocurrency, then we should say it publicly and not pretend that we care about anything but price.


If you mean some altcoin, then I can say that I know some of them were completely worthless when I became interested in cryptocurrencies. So worthless that their value was displayed in 1000 units for say $0.10, and today one unit is worth twice that. These are exceptions, of course, but people haven’t gotten rich by investing only in Bitcoin.


Who understands the crypto market to even understand why the price of BTC drop 20% a few days ago? I am active on the forum every day, and maybe 20% of the members understand to some extent, the rest are completely lost and have no idea what is happening.

I sold 25% of my stash (I HODLED since 2014) between $53,8xx & $65,000. I’m now retired & prepared for up or down, whatever. I panicked a lot & actually sold nothing during the last cycle. I couldn’t let that happen this time.
Up or down, I don’t care now. If we go up, I still have 75% & will sell more. If we go down heavily, I will buy.

You need to be prepared for all situations.

Thank you bitcoin, you made my life & have given me opportunities I never would have had.

i'm also trying to learn how to do this, i will buy when the price goes down and then sell when the price goes up but still pay attention to the potential for the market to increase or decrease.  bitcoin is a very beautiful thing, gold and property will not give me the opportunity to make a lot of money in a short time but bitcoin does it.  bitcoin is a blessing.

We should prefer Bitcoin as a place to invest in the long term. The price of bitcoin has increased drastically from 2013 with the price of Bitcoin $ 200 and continues to rise until this year with the highest price of Bitcoin $ 67k on November 8, 2021. I invest in Bitcoin not panic when the price of bitcoin has decreased, I know the price of bitcoin after a definite decline there will be a higher price hike after that.

Totally agree. Bitcoin is having a massive impact and creating a huge ripple in the financial filed but we still rely on fiat for this growth. Because of this we can't yet truly decouple Bitcoin from fiat but the way things are going, at least gold is no longer the go-to commodity and asset to hedge against inflation - Bitcoin is!

While the journey in terms of wider adoption barely begun, it may be safe to say just like the tile of this post, that holding for the long-term might be the best passive investment one can possibly make. So in a market like today, we may think of acquiring BTC at a discount  :)

The reason why I do not worry about the dips at all are:
 - Volatility is the nature of Bitcoins
 - we have already seen the highest price that bitcoins can climb as a whole which leaves us with this huge opportunity of growth
- growth of Bitcoins as a whole would definitely go up since the current economic system is crashing down and we do not have much resources during the pandemic to invest in.
- major countries and companies have now accepted bitcoins or they are moving towards accepting them which does mean that in the future we might see much more + ups.

That's why during the dips, it's all about your patience.
Getting FUD's ,getting influenced by news around you won't do you much good. Therefore I do think for me it's in general an amazing asset.

as much as there are people who don't like altcoins and I also need to not generalize, there are many altcoins that gave high profits, there are ETH that gave high profits, there are BNB that gave high profits and there is DOT, there are LTC, there are so many altcoins that gave lots of profits. It's true that there are many altcoins that are worthless, but there are altcoins that are good projects

If the main goal is to make profit, then the trader or investor can choose whatever they like regardless of how many people will recommend bitcoin for long term investment.

Bitcoin has something that many of the altcoin you mentioned above don't and one of them is its usefulness as a legitimate currency. You will probably know why El Salvador prefers bitcoin as their currency over the much cheaper altcoin. Well and this has to do with adoption and real use cases.

With the emergence of Bitcoin and altcoins, there are now plenty of assets to chose from whether it's stocks or government issued bonds, etc but like you pointed out, the biggest advantage with bitcoin and crypto assets is the fact that you can participate in the whole digital economy without giving up custody of your assets except when you use a CEX. As someone who has had experience with other assets, holding crypto assets, particularly bitcoin has given me more peace of mind.

That is mostly what people see in Bitcoin. Despite the volatility of the market, people still have the trust and they believe that Bitcoin is profitable compared to altcoins. Perhaps, it wasn't just because of returns but also we can enjoy Bitcoin as purchasing asset online. And we can't deny that with the influence of these known personalities investing in Bitcoin helps to encourage normal people to do the same. From what we can see now, many people are interested in crypto than knowing local stock investment, bonds, and etc...

BTC is the superior risk-reward proposition, especially for those with more than just a couple $100 invested in the crypto space. One more thing is buying altcoins can feel a little bit like betting on racehorses. Whereas buying BTC feels more like investing in the racetrack.

bitcoin is a long-term investment where bitcoins can be traded without a time limit so a lot of players want to buy bitcoin even with all the risks that exist such as at this time where bitcoin experienced a very falling and unstable price but the miners never cause excessive panic because for them the decline in bitcoin is common, especially since bitcoin is long-term so at any time it can rise back to unexpected prices

Regarding the benefits you get from holding bitcoin and why we usually prefer holding bitcoin instead of holding altcoins for me the most important thing is I know what I buy and what I hold because we know bitcoin and we know how it's working but whenever you are talking about any altcoin there is usually an unclear whitepaper full of lie and most of the assets are being controlled by the owners directly or indirectly which is dangerous and this can be the reason of price manipulation. Generally, I prefer bitcoin because I trust it and there is much more market cap compared to altcoins which make bitcoin safer than altcoins. 

Gold has now become obsolete method of investment as investing your money into such an asset which surely can't cope up with the rising inflation is stupidity.In the past people prefer to invest and gold and it was the most safe investment and that we all know but with the time trend changes and people need to move on like suggested in the above charts which says it has not given any returns in past 10 years is clear sign of how hyperinflation could tense up the situations and we need some deflationary assest to hold on for future which is Bitcoin.Those who still believe it is best investment would not survive the coming scenario of inflation as dollar is devaluing and holding gold is surely not an best option.

The total supply of bitcoin is continuously reducing due to people losing access to their private keys as they are ignorant enough or careless to loose it and according to some reports approximately 4 million coins have been lost which in turn is reducing the supply and we all know it would not be ever 21 million coins and this will boost the prices even further high as less supply more demand is equal to price boost eventually.

At current there is less liquidity due to some reasons :

1) More people are treating it as an assest to hold which can give high returns in the future as they have witnessed from the past like 300-400% increase in short span and everybody wants to hold it rather than spending it anyway.

2) There are still less nations where it is accepted as mode of payment so that users can spend their coins or we can say adoption is more but the mode of payment is still far away to be scattered at global level.Suppose you want to buy groceries with btc how easy it will be to go grocery store to make btc payments?

3) The vendors who accepts it usually go through third party payment processor like bitpay and convert it to fiat

But when it will be accepted as mode of payment we all will see more liquidity in the market and spending fractions of them at high prices would not matter a lot.

The main motive of bitcoin creation was an alternative to the current monetary system to provide the financial assistance at decentralised level providing the holders freedom of their own funds free from any central control but with time as the prices start to increase people start holding it as long term investment that will give them profits in the end.I have personally also spend some at some events like you and don't feel sad about the same because at the end of some point we will be using it in the original manner.But there is still time when it will be normal to spend your btc at the corner shop for which mass adoption is required.

The large companies holding them in balance sheet as an asset or accepting it as payment mode have gained so much profits with this bull run and made a fortune with holding btc in billons so they will not spend it in short term.But later on they will be cashing out profits by selling it in the market.

I agree with everything that you have stated.

Personally, I don't also worry so much about the dips because I know that bitcoin will always recover and bounce back after a while. I'm here for the long term, hence I am relaxed whatever happens in the market because it's well-known that bitcoin has already withstood the test of time and the dumps are just normal and it's part of the season. You see, it isn't always a good day. There are bullish and bearish market. Right now, the prices are not really in a good position because most people are withdrawing their funds for thanksgiving and holidays, so it's really understandable. More assets are being withdrawn than deposited, hence we are seeing a leaning down market trend. If you will also look at the history of crypto market, you'll see an almost similar scenario every end of the quarter. So, there's no really need to panic over such normal circumstances.

Also, if you are well aware of what you entered, you wouldn't be paranoid so much. It's really essential to learn the basics and fundamentals of everything we are getting ourselves into to avoid regrets and emotional stress later on. If you studied crypto, then you should know that whenever the dumps happen, it's always a great opportunity to buy coins that are reputable and with high potential. Take advantage of the dips because it doesn't really happen always. Still remember though to invest what you can only afford to lose and buy low, sell high. That way, you can never go wrong. Remember when to tp and to cut loss as well. Never ever rely on just hearsays and do your own technical analysis instead.

Wholly in agreement, especially the final bit about the more knowledge you have, the larger your portfolio share in Bitcoin -- although I have to say, my own personal journey has been slightly different as a freelancer -- I used to get paid chiefly in altcoins when I was the one seeking jobs out, and then it became majority Bitcoin as I charged clients. But for the last year, more and more clients prefer to pay in stablecoin, and on many different networks, but I definitely convert everything I can save after selling to Bitcoin.

And if I look objectively, I haven't gained as much new knowledge over the last couple of years than I have experience.

Guess what I'm trying to say is, experience counts towards that portfolio trend too ;)

High profits does not mean a good project. You could get high profits with complete trash if you buy and sell at the right time. Hell, you can get high profits with blatant scams if you are lucky enough to buy and sell at the right time.

It is incorrect to assume that 4 million coins have been irreversibly lost and that these coins should no longer contribute to the supply. We have absolutely no way of quantifying this number, and we not infrequently see coins move which have been dormant for 10+ years, proving that they are not lost at all as many people assume. There is also the chance that a significant number of these coins will be reclaimed in the future due to advance in quantum computing. The number of provably lost coins numbers several thousand, not several million.

You’re missing a big fact here and that is bitcoin is not the same thing as these other investments tents that you’re comparing it. Many stock market products are much less volatile then bitcoin as well. These are investments that are backed by businesses, which bitcoin is not. Completely different things that you’re trying to compare here. 

Investors have moved in into bitcoin because there are clear profits that are increasing every year due to bitcoin's price that is always appreciating in value. Aside from having a higher market cap, bitcoins have more guarantees too that they will always recover from all dips compared to altcoins that some are even losing their value and end up as dead coins. Even in my own personal view, bitcoin has higher advantage to other cryptos or stocks market so i don't have to panic in times correction or bearish season hits the market because bitcoin price is still higher than any other investments.

Before I came across Bitcoin, I wasn’t an investor. I was just leaving the normal life and had a job that I was doing without minding anything that has to do with investment or trading online. Although my dad used to be a forex trader, and part of his experience involved loss of money. I knew that,so those experience made me not to really have interest in investments and trading at all, because I knew the risk that are involved are much.

I do know that those risks are also in Bitcoin investment, but I have much confidence when I’m investing in Bitcoin then any other assets in the market anywhere. And over the years since I started investing in Bitcoin, I’ve been able to again a lot from it. I would say that it is one of the few things that I’ve tried which are really worth it.

a good principle that investing in bitcoin is a profitable investment if we can handle it well. we know that the price of bitcoin from the appearance until now continues to soar even though the price goes up and down but in general the price continues to rise. so it can be expected that the price of bitcoin will continue to rise again in the next year. that's why now a lot of people are starting to invest in bitcoin because they are aware of the benefits that can be gained. but it also depends on how we can manage our bitcoin assets, the better we manage it, the bigger the profit that we can get.

Bitcoin may be a better investment compared with Gold. But I don't think we must state Gold isn't a good investment. In fact, Gold is still one of the most favorite choices for a long-term investment. We can say it is a classic way of investing our funds. However Gold is one of the safest investments so far, the value doesn't decrease significantly as other assets. Sometimes, gold value is also increasing quite well as Bitcoin.

If someone is really paranoid with their bitcoin investments, what they can do is sell their btc when it reaches higher than their buying price and just use the profits for next btc investments. In that way, he already secured his initial investments. And he can play with the market using his profits. If he loses, that's not gonna hurt much as it is only profits, but if he gains more, that's very nice in your pocket.
Aside from that, some people are in panic mode if they used loaned money, so they are in tight position and their only goal is to earn positive in order to pay the debt. This is not advisable from my end. If you are going into crypto, better use your extra funds that will not affect your basic necessities in life.

There's a debate towards gold and bitcoin's comparison. But if you go and see how much gold has gained over the years, you'll just be disappointed.
And if you're someone who's a gold investor and knew bitcoin long time ago, you shall say to yourself that you should've bought bitcoin when you knew it at lower price.

When you do accumulate whether by means or through altcoin or bitcoin itself then it wouldn't matter as long you do end up on accumulating in the end plus with those profits.Cant really blame that people would really be confident with Bitcoin rather than with altcoins which is understandable.

Doesn't really matter on what way they do find ways as long it would benefit you out then that what counts.

Gold may not grow as fast as Bitcoin but I still believe it is one of the safest assets to hold for the future. I have bought Bitcoin, I invested my money both in Bitcoin and Gold. I don't want to rely on Bitcoin only for my future assets, diversification is the right way to secure investment. Bitcoin may grow well recently, but we don't know how it is in the next few years. I'm trying to think realistically.

Tnere's no question that it is since knowing how gold is been given prioritized by the government so for having this we will not worry about it on future since for sure the one we will get for storing gold is pure wealth and good return. But its undeniable that bitcoin also is doing a good job in terms of profitability but the only flaw of it is heavy volatility that's why many got burned due to lack of research but I still prefer this since this gives good opportunity for profitability aspects.

Dips in the bitcoin market mean opportunities for investors. that's how good bitcoin is because no matter how it looks bad, it always recovers if we based on its past history. right now, bitcoin is at the price where it has never been before which is finally passed the $20,000 mark. it took to finish the bitcoin halving to get to this high and surely when another halving comes, the price will increase. The safest crypto-asset right now is putting it all on bitcoins when the price is still low.

You are correct on the part that more and more people have tend to store bitcoin more and the prices have gone too high this season because the investments was very high and the economic principles state that whenever there is high demand and supply is not high the prices rise.I agree with you on the part that large proportion of bitcoin holders prefer to take it as investment rather than making use of the same as payment processing due to which the prices rise.This pandemic many new investors came into the bitcoin market and we see less people spending their coins because everyone sees huge profits in the long run or say as better investment tool to store bitcoin like what major companies are doing so.

Not actually I'm not including the dormant bitcoin addresses as i have seen some bitcoin whales rising up from the graves like after 9-10 years later the dormant bitcoin address transfer some Bitcoins to other wallets.But what i mainly refer is to people that have lost keys to the bitcoin wallets which takes them out of supply although there are chances they get it back but till now they are not having any ways to get it back so we assume it to be out of supply.

For instance the German programmer stefan thomas has lost password to wallet which contains approximately 7002 bitcoins and have only 2 chances left when i checked it last time.

There are some others also like this one:


So if we take into consideration all these people there are presumably many alike them who were ignorant enough in the past and now have lost btc keys which will result in supply shrinking with time.But still as you said there are chances that the number can vary but see whether upwards or downwards.

For those who believes in bitcoin and trust it or say want to invest in bitcoin in turn to have safeguards for deflationary future there are no dips but only opportunities but in reality the majority goes down with the FUD and as a result we see panic selling or say paper hands making diamond hands.The whales took advantage of this situation and accumulate more and more like this one :


Dips are the best time to invest but for those who understands it.

That's my point though - these coins are not out of the supply. The only coins which are out of the supply are coins in which it can be proven that they can not be spent or reclaimed, such as coins sent to OP_RETURN outputs or other unspendable outputs, coins lost due to bugs in the protocol, coins lost due to miners failing to claim the full reward they were allowed to, etc. In total, these coins only number several thousand.

In terms of the examples you gave of a user saying they cannot decrypt their wallet or they threw away their hard drive - these coins are not provably lost. They could easily be accessed in the future, the owner might discover a back up they forgot about, they might simply be lying about losing them for any number of reasons. Lots of "lost" coins are lost on exchanges or other centralized services which can obviously still access them. Satoshi could come back tomorrow and move all their coins. Any coin in a reused address or an old P2PK address could be reclaimed using quantum computing in the future. None of these coins are provably lost/unspendable, and so it should not be assumed they are out of the supply.

Yeah, it's still one of the safest that one can invest. The growth may be slow but it's safer and has a lower risk compared to bitcoin. But that's the twist.
If you long to invest in bitcoin, you have to embrace its volatility. As always, more risk, more reward and these fluctuations that we get to see are very normal whether there's a sudden dump or pump.

The simplest reason for me is because Bitcoin is still the most trusted and valuable cryptocurrency. I am still holding and still jeeping them to incrwase. I still have belief that Bitcoin price will keep increasing, moreover December may be the time althiguh ut is litle bit difficult.
We also have seen the hystory of Bitcoin and the cycle of BTC itself. No matter if this price drops because there is still another chance to keep rising up.

You are right and i also mark that at this time they are not recoverable but at future perspective they might still add up to the total supply of 21 million as you said with quantum computing it's possible and all those coins i was referring to are actually not lost so i got your point on that.Like if they are having an access the account the supply is increased then.In the past people were little ignorant about bitcoin as the prices were not high but at this time they are extra secure to store their bitcoin on cold storage rather then leaving them on centralized exchanges which might got scam or hacked anytime.

The other ways you have mentioned like making bitcoin unspendable with OP_RETURN command which is similar to burning coins make them out of supply permanently and yes the number for them is way too low then but at last we will see how many total bitcoins the world will have.

The dormant address holding huge amounts of bitcoin are becoming active with the price surge over these years and yes they are contributing the total supply in the end so i got what you are referring to excatly.

By the way, I'm in a state of panic when it drops - panic buying the dips. Having some stablecoins to spare coming from my recent job was really that helpful and it feels like everytime it dips I feel like into the DCA mode. I hope those people who already here in this industry for years now will realize it as well because afaik most of them aren't that aware and still diversifying lot onto altcoins because of FOMO.

Many people think that since bitcoin is so expensive, they are better off buying and investing in altcoins. It may seem to be a profitable decision in the short term but in long term, they should have an investment in the bitcoin.

For me, 99% of the altcoins are developed by the greedy investors to earn the money.

Bitcoin is best coin which dip or pump very fast and after every dip its will pump and break all old records. That's why I prefer bitcoin which not make me panic.

Indeed, and in-fact I've been thinking about the exact same thing few years back and I've realized that I've been limiting myself to gain serious profits because I'm just into altcoins due to the fact that they're more quite cheaper to buy than bitcoin.
So, I've come to decide to maximize my fortfolio by making bitcoin as the main option and source to gain profits, so from that day forth and up until now, I'm still investing into altcoins and other projects but 60%-70% of my gained profits from those said coins or projects will go directly to my bitcoin wallet and the rest is for me to spend on daily basis or buy needs and wants.

That's not the case, I wouldn't blame someone for investing in Litecoin or Ethereum, both are reputable and legit coins. It's not about being expensive, you could still buy a fraction of BTC, 0.10 for instance, is a decent amount nowadays.

On the other hand, dips don't scare me, nor cause any kind of panic. I'm holding for quite a long time now, while I'm also staking in the meantime, I'm looking for long-term opportunities.

Depends on someone on how they do see on altcoin investment.Some do likes to play safe and some do really loves to play with fire thats why we do really take some risk
and people do trust up that much with Bitcoin investment thats why they do accumulate it aside from altcoins.

For those who are just new into this investment then they would easily freak and panic out but for those who do able to experience  will really not bother much
since they do know its potential.

Preference and risk taking is all we need.

It’s just that I don’t believe in any of the assets as much as I do in bitcoin. I have seen bitcoin depreciate a few months ago but it bounced back again. Over and over again, it has shown that nothing can stop it from achieving new heights and those who believe in it will never see a downside.

That's absolutely fine because you are holding them from a long time which might have yeilded a very good profits to you so even you sold them now you are in profits.But the fact is you still holds 75% of your stash in bitcoin and wants to hold it for long time ignoring the price volatility during the stay of your hold but my point of convention is with those who are new to the market and sold in Panic as if it will not go upwards and convert it to fiat or some other altcoins so are they going to give some returns to them at all? No but still they do such silly mistakes and regret later on which is worse.Your case is entirely different from the regular panic sellers as they sell at loss also going for inflationary measures which can't help them in long run.

The short term profit for these altcoins is just illusion for the market to trap some innocent newbies into pump and dump scheme and later on many turn scam or other just lying dead in your wallets.If you can get profits out of them well and good but not sell them and hold btc patiently.For me it's best hedge against inflation but for others i can't say as priorities differ a lot.

For those who claiming it to be expensive has in mind that stacking sats is not at all possible.They see 400-500% growth in altcoins and invest in them without any other research and when it dump they loose their funds.Bitcoin is expensive at this time but who tells to have full bitcoin as i am DCA investor and goes for $50-$100 weekly investment and all is good for me.The market cap is big and price is high so the returns will not be too high but if you hold them for some long time you will feel satisfied and have enough profits with you.

Inflation winds can tear your life apart so get as much btc you can to watch it from the above without any worries

At the first place if we truly believes what bitcoin can do perhaps we are now very rich because of it.. Lol but unfortunately we have some doubts that time wherein the price isn't really high. and because as well of some fake news around the internet especially when it comes predictions and etc that bitcoin will not last, we really missed all the opportunities.  :D now probably we can say that bitcoin is totally legit because of the position right now in the market.  No doubts.. Lol

Well, it takes some missed opportunities first before you realize that bitcoin is legit and is here to stay. I understand because that's what most of anti bitcoin do before they change their minds and start believing in bitcoin. And the fact that you have faith in bitcoin, that no matter how low the price will go whenever price correction or bearish season hits the market, you will never resort into panic selling because you believed that bitcoin will always come up with new heights after every price fall happens. And this is the reason why i prefer to stay focused in bitcoin no matter what because i know it has high potentials to be more valuable in the future.

All points made in your post are true and valid. But I think you should always be alert while investing in any asset. Even tough Bitcoin actually only went up in history doesn't mean it wont devaluate sometime in the future. Dips are there, like in any assets value and they are normal and no one should be scared but a devaluation should be a matter of concern since you can't really know what is going to happen to the market. But that's just in a very longer run, for now and the close future the market will surely be stable.

Those who stayed and believe the existence of bitcoin way back at the time it was new was the one who is truly rich now. I remember the time I heard and know about bitcoin it already has a value of about $25-28, I didn't miss the chance but I didn't hold it for a long term and sold it before the market crashed the year 2018. I may say that there's missed opportunity because I may now be a millionaire if I had held it but I have no regrets also because I have used the earned profit that time to the important family matters.

Same here. I've been there. No one can be blamed when everybody panicked during that time. I was a starter, and for someone who earns and profits here by just relying solely on bitcoins, it was terrible. If I had that faith before, I could have something to be proud of today.
I definitely agree with op that bitcoin is way dependable to HODL. Today, we hear people say "bitcoin" rather than "cryptocurrencies" and I think with that, it will still have a long journey, a permanent one in the future.
If people do have other assets today, may be its for a faster way of accumulating more but in my opinion, bitcoins will always lead. No need to panic.

From your hypothetical instance of a $1000 investment in various assets spanning a decade, gold seemed to have been the one with the least ROI. Those who compare Bitcoin with gold should, at least, learn from that and know the edge Bitcoin has on gold. However, I noticed that you put Bitcoin price at ATH in 2017 at $20,000. I can't be sure that Bitcoin got to that price in 2017. I think it did less than that.

Again, we should also recognize that there are certain investors who don't like investing in Bitcoin no matter how you try to persuade them on that. I've one as a friend. What that invariably means is that the way you think Bitcoin is a safe Haven isn't the same way others do. Bitcoin, even though I've come to classify it as a phoenix; a cat with nine lives, has dipped many investors into debt just the same way alts have done too. There are people who bought at Bitcoin's ATH of 2021 and now that it has dipped over $10k in loss, they may not recover from that till 2022. Dips won't panic anyone if they don't have every of their penny into Bitcoin or any alt. That's why people are advised to invest only cash they won't miss in any project or crypto.

The majority only knows about "Bitcoin", not "Cryptocurrency", and only they know about investment, not a currency. So the reason why people are coming to crypto is simply that they wanted to invest and hold (and get panic), not to use this to buy stuff or whatever.

Well, that is pretty obvious how these newcomers will behave and think differently compared to old-timers but wanted to say that they have to change their mindset as well. It was their time also to understand the situation and keep their emotions under their control, otherwise, this will be a reason for their failure.

Owning businesses with pricing power is probably the only good option.  Treasuries are a promised loss due to inflation.  Gold hasn't moved in a decade.  The overall stock market will likely benefit from inflation, but if the consumer is squeezed we could see another 2007 style crash and even though home and stock prices should be rising, if everyone is spending all their money on food that just won't happen.  I suspect this will be the end result at some point.  Until then, 'dance while the music is playing' as they say.  Just make sure not to be the last one out the exits...  I'd love to push real estate right now, but prices being 50% higher than the peak of the housing boom and people leaving their jobs during a period of high inflation has me thinking that the rental market isn't where I'd want my money parked.

We know more about Bitcoin because of its impressive market growth that certainly attracts people to invest but, we can never stop them as well to think bad and even get panic once the market falls like this time.
It was to know that Bitcoin becomes a unique project in the market that can never be compared to others, not only because of its gaining potential but most of all, we trusted this more than any coins exists in crypto and that gives a reason why the majority stick to Bitcoin than altcoins.

^ It is well said because we know already and understand that BTC will give us the potential of having profit while keeping this in a long term.
Those people who have panicked during the market downturn and most likely are new on this market. If we draw a conclusion on the chart about the previous price, there is no bull market, the market is probably up and down but it will always end up of climbing the price which is we have already reached the ATH this year twice. That is the reason why I prefer to invest in BTC than others because nothing can be compared to a good investment.

Everything you say makes sense, only a newbie doubts the future of Bitcoin. That's why newbies often panic and end up doing a cut loss once
the Bitcoin price falls. But for investors who have been in the crypto world for a long time, seeing Bitcoin price drop they see it as an opportunity
to buy Bitcoin again. Because Bitcoin will always go up higher if the price goes down, therefore many institutions are boldly investing long-term
in Bitcoin. That's because they have learned in advance about Bitcoin price movements, so don't hesitate to invest in Bitcoin in the long term.
Bitcoin is indeed the safest asset for investment, so it's no wonder Bitcoin should be the first choice if we want to invest.

as we know bitcoin can be expected to invest because of its good price. although the price of bitcoin goes up and down but investing in bitcoin is a very profitable investment. if we look at people who have bought bitcoin in the past, now we can see that they have made a profit from it. The ups and downs of the crypto market make many people afraid to invest in bitcoin or other cryptos even though it is commonplace and we don't need to panic when facing it, stay calm and do your best.

This example was actually presented by Ratimov on which we have discussion about the same on that topic .The least ROI is actually which is less than all others if we compare but in reality this is not the case with gold because it has not given any returns to the user and on contrary basis the negative return is not less but diminishing returns if we also take the inflation rate according to that period of time.

The price of bitcoin was around $19783 back in 2017 to the extent I remember on 17^th jumping a little bit from two days period of $19500-$19600 so it is approximately $20k which i mentioned and you would find lot of articles claiming it to be ATH just as an example for many as we have seen.So the main point was see how it has grown if we compare bitcoin investment with all other financial assets in the economy to give the holder's profit over long time.


Yes owning some kind of business under your control is other best option as you make profits and utilise them but if we are seeing investments then i don't find any more options apart from bitcoin as you have also seen gold is now not a safe heaven anymore and you will not get any returns even if you hold it for some more years.Real estate was good option as you could have good returns over short period of time but you need some huge investment in that sector and it was profitable for me also.

But the things changed with this pandemic as real estate market hit hard due to people saving rather than spending on buying building and houses and the market didn't show any huge positive growth sign this year but still it's good compared with the gold.


But at last bitcoin seems feasible to me due to many factors and inflation guard is one of them.

I also like bitcoin but I feel you have shown just one side of the picture. There are some altcoins which have better features than bitcoin. Like some have very less fees while others are much faster than bitcoin. It is common sense that any coin which has better features than bitcoin and is more friendly to use overall will replace bitcoin in future. So if you have the time to analyze such coins, it is better to go with them. When they become mainstream, you will make higher profit than by investing in bitcoin.

That is the same reason why a lot of us here also prefer bitcoin more than any other assets. For like three years now I have treated bitcoin like a normal bank account, I put money into it and I also use it to receive money, and then I would leave the money there like I would do a normal bank account; there is always funds in my cryptocurrency wallet and I am always benefiting from it.

I was only scared of leaving money in bitcoin when I was still new, but when I realized how good it is and how it works, I stopped being afraid of holding money in it, because I know that after going it would still go back up. What I would do is just to avoid spending from that wallet at the moment the market is down.

Which altcoin is that, know altcoins is better than bitcoin because all the altcoins is under influence of bitcoin, bitcoin is the origin of cryptocurrency, the coin can be use to compare with bitcoin in terms of feature cryptocurrency is ethereum but not really that the two is in competition.

For me, I don't think it is about the replacement of Bitcoin but just the confidence that when you invest in Bitcoin you are bound to certainly make profits from your investment if you truly follow through and this is not to say that there are no other Alts that are reliable but as we also know, most Alts price are mostly a reflection of Bitcoins price. I believe overall, Bitcoin is still the ultimate investment option.

I agree with the premise, but I disagree with the only having to have Bitcoin as your knowledge increases. I think it mainly depends on the size of your bankroll to be honest. The more money you have I believe the higher Bitcoin allocation you should have. But if you have $500, it may make sense to have none at all.

the most important thing is that bitcoin is an investment that is long-term.of course an investment has a ratio of ups and downs in a price but that doesn't make miners panic with the decline in bitcoin prices, this feeling besides functioning for an asset that can be maximized in the long term bitcoin also can be released when we don't want to be in the crypto world because the prices are not yet stable.because in my opinion it's better to buy at an expensive price than having to buy at a cheap price like at this time

See I am not saying you all to agree with me as it's my personal choice to only invests and hold bitcoin for long term.

But to answer your questions which altcoins are you specifically telling that are better than bitcoin in all terms? You should list them as well so others know about it.The other altcoins could provide you good returns if we compare them with bitcoin but it's not the only factor which we should look at .

Ok you said about returns so let me directly compare it.The past few days or month's shiba Inu and dogecoin both rallied under Musk influence and we see doge also entering the top 10 on CMC and Shiba Inu insane growth but does it mean they are better than bitcoin? What's the security and guarantee they will give returns over long period? Their price is way too low and the market cap easily be manipulated like you could buy huge amount of coins with low amount also but that's not the case with btc at this moment.

For example MicroStrategy holds 122,478 bitcoin at this time which they bought for billion of dollars through DCA but that's little portion of supply and that's make bitcoin decentralised and you can't heavily manipulate the market but on the other side these shitcoins have no future not many nodes to take security and verify the transactions and whales hold most of the supply.So according to me they don't stand any chance against bitcoin.

Hate to say it but this is the truest fact for 99% of Bitcoin users. That it's a longterm investment. I know I talk about utility and advocacy and other stuff but for most mainstream people, the only thing they need to understand is that this is a longterm gig.

And by the way, long term means 5+ years, not 6 months as crypto investors seem to keep thinking the way I see them play with money lol

That's right, bitcoin is an excellent asset for the long term. although not a few people also trade bitcoin for the short term.
however, I'm sure most people will agree with you. bitcoin for the long term. that's what makes holders who believe in bitcoin will not panic easily.
very different for altcoin assets, even for assets from new projects that are still hot from hatching on exchanges. when there is a decline, many people will panic and immediately secure their money. all for the reason that a large new project is likely to have a greater risk.

What utility they serve i don't know? If we say ETH is used for different projects and blockchain is widely being used for new projects like DeFi or the latest one's NFT then i understand to some extent but when the other shitcoins rise which don't have any utility or strong development to support them it's clear sign of pump and dump scheme and indicates whales are going to make huge profits for the same.

Like the latest Squid crypto was scammed of rug pull and the amount was calculated at approx $4 million around according to some reports but how the hell people invest in them? The answer to this is greed driven investment and zero research before it as they see it pumping just invest in the same and then loose.

Just hold btc and relax for long term and you will get profits as most of the altcoin holders are also not day trader and if you can risk holding them there it's better to be safe and have profits from bitcoin.

Yeah of course there are people trading but I'm talking here about bitcoin investors, not trading. And the topic we're discussing is also about Bitcoin as an investment, compared to other assets. By nature already trading is short term (long term trading doesn't make sense for Bitcoin as you want to take advantage of high volatility).

People who get big into altcoins treat BTC the same way though, from what I can see. Same silly panic.

Tradinh long term has sense since we can look up what history says about it but unfortunately only whales can able to do this since they are the one who have flexible funds to use either the want it for long term and short term. But anyways whatever it is we can still say all option is good and this will matter according to the capabilities of the people.

investment is for long term, not only bitcoin, the other thing investment is really for future.
i admit if people come in crypto to make magic place, put money than in short time will pay back with big profit. but the main game is how strong you can hold your coin, because this game about investment.
and it will be different thing if you come to find a coin, take it, in a short time you sell for daily or your salary.

Good thinking I totally agree with that. Even though Bitcoin has fallen for some time, it can be seen that in the future Bitcoin actually bears skyrocketing. Like the parable of being low to skyrocket like that Bitcoin. While assets usually they will be difficult to rise again. Bitcoin itself is like the king of crypto, as the first coin with a fantastic price and its popularity now in the community, allowing Bitcoin to continue to skyrocket and become the investment choice of many people in the future.

Right. We all know that bitcoin won't stay in dips forever, it will always recover and definitely goes up again especially if there will be positive news that will push it to move its price up. Unfortunately, others assets once they dropped their value, it will be hard again to recover their price. But with bitcoin, having its price decline is not even a threat for it since it gives another opportunity to accumulate more bitcoin. And once the correction is done, bitcoin will now start to skyrocket again and is expected again to reach a new peak price.

This is one of the reason why people prefer more to hold Bitcoin, moreover when the price dips or in the bearish era, Bitcoin is the most crypto that will be bought always, in order to prepare for the next bullish. There is a good cycle on Bitcoin that after bearish, there will be bullish era. And Bitcoin will never lie, will not be dead coin as altcoins that may be dead coins (not all altcoins but mostly).

I felt the same way when I started crypto. They say go earn bitcoin, its profitable. I panicked sell also, that's why at some point I understand why people do such nonsense (that includes myself)  ;D
I believe that it is a part of being a beginner though. Eventually, they will gain more knowledge about it, hopefully.

We all starts on being a newbie which mistakes could really be that common and if you had trusted Bitcoin in the beginning on why you had invested on it then we wont really easily panic and could able to make steps according into your plans since you hadnt able to panic out and think off carefully.When making investment then
its a personal choice.Mistakes are inevitable but doesnt mean that you should tolerate it.

If you believe on Bitcoin that much then hold for long term but if not then you could opt out for another options you could take on.

For starters, especially a student back then, all I care was earning from this forum. I was not a total believer and that was my regret. Because I was here since 2017 and I lost my chance of the hype by not holding any of my hard earned and bought BTC. Apparently, learning more and seeing great improvements in worldwide acceptance what really triggered me to come back. I know its never late to have faith in something. And really I am very much excited for what crypto can do more in the future. Will not be a dumb panic seller anymore

Again, I'm not talking about trading, why do all you guys comments keep talking about trading when I said the opposite lol. And trading long term isn't restricted to whales. If you see a dip, you buy it, and you always can think of long term 5% gains if you're doing leverage, but again, that's simply not sensible for guys who have a life like me.

Buy dip. Hold. Sell at ATH, keep what you can. Easiest life ever.

You can't expect bitcoin to skyrocket so easily like we can't say when bull run will hit the market the prices will go upwards with huge momentum to $100k within short span of time but it will go there for sure and that's what is important in the end i mean to say.There could be some more dips after you assume it to be rising only so we need to take this thing in mind that it's best option for us and it's an asset which face volatility like any other but little high so we need not to be afraid of it and rather hold it for long term which will benefit us even more.

Just stay on the path and be patient so you can have profits on your investment and with global adoption and shortage in supply the price will automatically grow as 90% of supply has been minded and last 10% would take another century until 2140 for 21 million.So just enjoy your investment and try to accumulate as much you can for future safety.

Compared with other altcoins, Bitcoin has more complete technical support and is a safer investment currency. And bitcoin has brought huge benefits to many holders, and in the long run, the increase in people's demand for it will also cause the price of Bitcoin to continue to rise.

The security wise and profit if we take it as store of value then there's no other better option than bitcoin in the long run and this is just an kickstart to major adoption of bitcoin and we are still surviving below $50k at this time and some think this was end of it but to the contrary this was accumulation phase and exchanges witness less withdrawal as more people prefer to hold the visionary one's and they will get profits for this at the end.

If you know bitcoin then you won't fear it in exact manner.

But altcoins also has safer investment like those who are listed in top 10 currencies.

Bitcoin is the safest of course because of the Huge support and high demand but remember that altcoins also promise more support and benefits.

remember also that in Congestion we use altcoins instead of Bitcoin because of the High fees from the miners that cost us  a lot and make us turn at altcoins for a while.

Okay so you believe all that are in top 10 on CMC are safe investment? They have doge at number #10 and how much safe you consider it and another centralised coin XRP at #8 who has managed to stay under $1 for long period of time and many other which does not have future guarantee that whether they will be in top 10 or not so how do you call them safe in regards to bitcoin who has given so much returns to the holders.

Wrong bitcoin is not safe due to huge demand but it is safe due to full nodes and the miners and it's complete decentralisation as the demand is totally another factor and those altcoins you are talking about have not much nodes and security could be compromised any time or the centralised wallets could take over the market to create dump like situation as most of them are low priced.So not much of security in them as well.

Fees is main concern for many but have you seen the gas at this time as they cost much more then bitcoin and sometimes memepool is empty of which you can take advantage of and pay less than usual but it's really not a big problem if you take it as an investment rather than making more transactions on daily basis.You can check out it here in detailed view in thread by LoyceV :

[Dec 2021] Mempool empty! Use this opportunity to Consolidate your small inputs! (https://bitcointalk.org/index.php?topic=2848987.0)

Don't get bitcoin if you don't want but make some clarification on your basis as i also got it late and now btc is my best option mate.

In cryptocurrency, bitcoin investment is indeed the safest, and it is not surprising that bitcoin is the main choice for investing, the rest of the altcoins can provide greater profits, but the risk is greater. therefore the top 10 altcoin positions can be an option to invest safely, and it seems that other investors think so too

At this point the price dip is the last thing that is going to scare me in the cryptocurrency market, especially when it has to do with bitcoin. I was only used to be scared of the price dip when I was still a newbie and that was years back, when I had no clue at all whether the price of bitcoin is going to be recovering back above the highest price that it has reached at that point. Because, then nobody was sure whether it is going to keep moving up or if it will go down, although we did have the believe that it will keep on increasing in value.

But at this point, things have changed, because this is like 12 years now with Bitcoin still having a serious growth. and we are still looking forward to more of the growth and reaching a higher price that is more than what we have achieved so far.

Bitcoin is a good choice for long-term investment. It is still in the early stages of the development of cryptocurrency. Bitcoin has been developed for more than ten years and is recognized by more people. As time goes by and the demand for it increases, its value will continue to increase.

See i can't say we can perfectly time out the buy and sell options like you are saying because who will decide the peak and who will decide the bottom? It's the market trend and change in demand and supply that will deviate the prices so we can't exactly say what will happen next.But there are certain things which you can do like if you have bought at low and now the prices are above you could sell making small profits if you need funds or simply hold it for long term if you can and enjoy later on.The best is you can do DCA bitcoin investment and buy at dips rather than panicking and selling at dumps which is stupidity.

The more you learn about it the more you will become interested in it and your altcoin choices will be reduced automatically which happened with me but the main thing is you are learning from the reliable resources because sometimes information is tampered about bitcoin to show it in negative role so you can search on this forum to have correct information about the same and for newbies like you this is very helpful topic :

5 Resources to teach Average Joe about Bitcoin (https://bitcointalk.org/index.php?topic=5156874.0)

For me bitcoin is best and it could not be for you as we all have separate needs and preferences so make your choices.

the reason beginners choose bitcoin investment is because bitcoin is an investment that is so transparent and open about a panic with the decline in bitcoin prices at this time may also have an impact on miners especially for beginners but it is not affected by the decline in bitcoin which creates panic among beginners, if you look at the last few years bitcoin has a very high price but we also believe that within the next few years that bitcoin will rise again as it has before

@Levero I totally agree with your point. And moreover bitcoin has gained popularity in no time as compared to any other assets. If the value ever goes down it is more likely to go up in sometime. Traders find it an opportunity for buying more bitcoins when the value goes down.

If you want to reply to some members the best is to quote reply him as a friendly posting advice to you.There is quote option on the right side of each post along with the merit so click it and reply it through that which is more easy and would advise you as well to read this post of mine :

 Posting techniques for newbies on the forum (https://bitcointalk.org/index.php?topic=5346341.msg57335807#msg57335807)

Speaking of Bitcoin many still doesn't understand it completely and see it as mere tool to become rich and when they see price dumping they panic sell and comes to those bitcoin obituaries part saying it is dead or so but when it pumps again they want to invest in it again but can't.Other see altcoins pumping hard and invest in the rush with others to earn more in short period of time and this is worst case as the coin is going to dump soon and their rat race will end.

I can't really understand what you have written as it's mixture of statements without any proper indication to what you want to explain so write up in proper format that expresses your thoughts easily.

I am really glad to know early enough about Bitcoin at least from 2017, when I heard about dip I am not so affected because for the past three years I have known what this is all about. I will still prefer holding bitcoin 80% and any other asset 20%.

Those who understands bitcoin at the root levels and know about the true picture of inflation and decentralisation which can give you freedom of funds will be ready to accept and invest in bitcoin regardless of any price fluctuations as happened with me.In 2017 i was holding some shit tokens earned from some projects through various sources but when the crash happened they all got dumped instantly and never rise again so i have to sell at huge loss but in actual earned little profits as i earned them not invested but those who have got scammed.

Then side by side i started reading about bitcoin in detail and come to know about it's true picture and now portfolio only consists of bitcoin only but yes you are also right on the path of 80-20% stash with first half allocated to bitcoin and rest to some other financial asset which can give you some good returns and you also diversified your risk with this.So keep this up and you will see results soon if you are pateint enough to hold it.

I'll be honest, I'm still holding some gold up to now and am thinking of ditching it all and just go full on bitcoin. Expanding the charts to a decade, we can all see that bitcoin performs infinitely better than other assets listed above. It's a no brainer, but of course people need to study the asset before investing a considerable sum to the cryptocurrency.

Altcoins can also be a good investment, but they are very shaky and not really consistent. I wouldn't recommend it to newbies, but experienced traders can try their hand on it and get an additional stream of profits aside from holding bitcoin.

That has just become the norm, but it doesn't really work that way because you have to be able to tell the right time for you to invest, and apart from that you also have to be able to hold it for a long time.When the price goes up there is also a time when it is going to drop, and if you don’t invest at the right time,that wrong time you invest is going to be when the price it is at its peak at that moment.

And if you invest and it drops, you are going to be losing a lot of money. After that you are also going to be waiting for a long time for the price to move up again. I know for sure that not everybody here has that level of patience. Which is why a lot of them end up losing their money in the market.

The demand will truly going to increase overtime.

It's the first choice of many and anyone who had an experience long with bitcoin, dips won't really be a thing right now. Just let it pass and also buy if you have money for doing it.

Always remember on invest on the amount which you can afford to lose and not going all in or making out some buy increments on the money you should really be saving  for your emergency funds or something like that even though Bitcoin does have some good potential
but it wont really be always giving out that kind of assurance.

We do have our own preference and beliefs but always be considerate about risk taking factor and wont really be thinking
about getting wrekt.

Invest on the amount which you could afford to lose and wont be tending on  going all in overall.

The demand is increasing at the current time also but we are ignorant enough to keep this up.If you ever Google who accepts bitcoin payments and provide crypto related services then you will see long list and to your surprise you would find lot of people that are famous and already have invested in bitcoin.From Tim cook and many other big CEO have invested undisclosed amounts in Bitcoin and many other will disclose with time that they have accepted with time.

The problem is people will tell you it's not good investment and secretly they want the prices to dip slightly so they could manage to invest at low rates and then the most fools are those who think that it is bubble and the end of btc because if you can't do your own research and understand its deflationary nature then live with those useless fiat and other altcoins you wish to do so.

The future safety is your responsibility and bitcoin could be the helping hand to you so make your decisions wisely.

Risk only what you can afford to lose.

Do DCA if there is some money that you can use as a spare which you can add for you to have more bitcoin. Actually bitcoin is the safest asset in the crypto market that one can invest with.

this has happened to bitcoin a few years before where the bitcoin price was much better than it is today but we can see today the miners do not create a meaningful committee with the current decline in bitcoin considering bitcoin is a long-term investment then we can hold our assets not to release those in the stock market so we can wait another time if bitcoin returns to a more stable price

My reason is very simple the why I prefer bitcoin than other is bitcoin does not depreciate instead it appreciate so when ever the market is going upside down you don't have to panic because it will surely normalize to it nature that my reason why I prefer bitcoin than other assets.

What are you actually saying? The current price of Bitcoin is around $46k and when were they better few years ago? The last ATH was $19800 in 2017 and after the market crash it went below $5k but the boost started after this pandemic and all the people were interested in bitcoin investment,Elon musk useless influence and coinbase listing made it even higher and it reached it's new ATH of $68k above which was surprising for all but same story after that we witness correction but the panic sellers assume it to be another major dump and started contributing worse to the situation and now see we are at $46k.But one thing is for sure that they will rise soon and we all long term holders have faith in it and don't fear these dips.

The thing is people see it late and majority is still living in illusional world where everything is normal and inflation is still at normal rate but when you come to know about btc then you understand the true picture of how to secure your future with deflationary asset bitcoin.Few understand this and it's best for them.

The reason I personally choose bitcoin, is because knowing bitcoin, I know more about other crypto worlds, although the price of bitcoin sometimes drops drastically but it never makes me panic, because I believe the price of bitcoin will definitely go up, not because I don't want to invest in bitcoin. other assets, but I've experienced losses, so until now I only dared to invest in bitcoin, I didn't think about investing anywhere else for a while..

Apart from the dollar cost average, if you see that from 2009 till now, bitcoin has kept on growing. There is nobody who can say that he say bought bitcoin high in all these years and is in a loss. Only those who panic sold were in loss, else bitcoin is such an investment in which there is no loser over the time.

No doubt Bitcoin made benefit for numerous additionally made crypto millionaires.If we contribute for long term it is best amusement changer in long run.It is all since of the believe it picked up over the brief term. Since 2010 Bitcoin developing moreover confronted numerous plunges and difficult times but keeps going tall and high.This won't happen with any conventional way of venture. Another thing, the selection level and acknowledgment on genuine life needs have been always expanding with time.It appears presently crypto is ended up require for world and most populr in youthful generation and before long it'll take put as gloabal money.

Bitcoin have been here for a long time. And have grown over the years. Despite the challenges it faced, it still survived and keep gaining popularity. While the reason I prefer Bitcoin is because no matter how the price falls. It always bouced back. However, we all understand that Bitcoin price do rises and dropped, so why panic when the price falls. I sees it as an opportunity to acquire more of it. Nevertheless, Bitcoin have a promising future.

this is the important point because it is something like this must be done. In addition to making our finances not affected by inflation, it is also very useful to make us less panicked for long-term investments because it is very influential.
when the money we invest is not used for a long time then we will be very calm in holding coins, it's a different story when the money is money that is actually allocated for personal needs in real life because we don't know the needs in the real world when it will come and it could be come at an unexpected time

How can say that bitcoin is not depreciating? When in fact its market value dips in certain times.
There is much more simpler reason than that why is bitcoin is the most preferred assets despite of its volatility, it's because the market always recover and it is proven historically since 2009 that's exactly why there's no need to panic wether you're a trader or holder. That certain dipping is better to be viewed as an advantage to buy it now to make profits when it recovers, just like that! Just look at the bitcoin now, it's the most trusted crypto and preferred asset than any other.

At this point you are absolutely right, many people enter BTC more every day, especially with small purchases, many enter with the hope of increasing their capital, of course they enter a market that is like a jungle, because everyone starts with a lot of courage and sometimes they do not resist the way, because the whales have their strategic plans very well established, those who enter with 500USD want to take it quickly to $ 1k and many times the market lowers the price to 250USD and this is something that they cannot resist and they leave, this depends a lot on the financial culture that one has, but the trend every day is to increase the demand for BTC, by pure logic as more demand enters the supply decreases causing BTC to increase in price.

Despite the fact that dollar is devalued and we all know that US is printing it without any backing of physician stuff like gold. We still need dollar and other fiat for our daily living, even BTC value is measured in USD. Gold is still stable and matured market, thats why its has huge market cap. IMO we get over excited in describing BTC, which is not fair.

That's right.

And there are the others that don't see it worth anymore on entering bitcoin because they think it's expensive and the growth has to be a lot for them to make money.

That's why they're ending up buying altcoins that with a few move of centavos, they make a bunch.

Have you ever tried to find out that why is inflation rising continuously and what government is doing to tackle those matters? They are just printing infinite supply of notes making them devalue over time and from a long time it was not backed by any asset at all which was just an illusion only.We need fiat in our daily lives and you are right on that point but here we are talking about future investment plans and what do you think i am paying with bitcoin all my expenses? No at this time we need fiat but having vision for future and how dollar have been devalued over time makes me worried and btc enthusiastic.

You said gold is stable and you are right as it has not given any returns in the past 10 years to the Holders and if you want such risky and useless investment then you are free to choose man as nobody restricts us to do so.

For me bitcoin is best and it might not be for you but saying bitcoin is not useful then gold and fiat is not fair and preety senseless according to me.

yea i agree with you, traditional money or conventional money have a defaluation every year, its mean that the value of the money are decreasing every year, for example 10 years ago in my country, 0.4$ can buy the 1litre of gas, but right now 0.4$ can buy 0.5 litre of gas, its a defalutaion
its very different with bitcoin, in 2011, bitcoin are priceless, but we can see right now, bitcoin is the most expensive cryptocurrencies in the world

My reason is very simple the why I prefer bitcoin than other is bitcoin does not depreciate instead it appreciate so when ever the market is going upside down you don't have to panic because it will surely normalize to it nature that my reason why I prefer bitcoin than other assets.

That's the case for any investment that has a long-term plan and has a tremendous lifespan, they continue to appreciate in value because they are a sought after investment, you can see this with the stock of Coca Cola, they have been over half a century already and their company is still growing, another example is Apple. Not just bitcoin but most investments are appreciating if they are a legitimate one.

Well... I can honestly say.. Bitcoin BTC has been my best investment I have ever made. I bought bitcoins BTC when the price was just over $300 per coin and I do not regret it for one second. I have sold some bitcoins at $17 000 in 2017 and I kept enough to sell some more at $25 000 and then again at $40 000 and lately when it reached the all-time-high.  ;)

Bitcoin has changed my life and my financial situation significantly and I will support it and promote it and educate people about it ...as payment for all that it done for me.  ;)

That's the right strategy as why should we regret if we want to hold bitcoin for long term investment plan and know it will rise over time and the best part is all other great financial assets have been down from long and what returns could we expect from them? The fiat is going down,gold is down and traditional stock market is risky and not too much good profits for me personally so I am left with bitcoin as the best plan and that's why i don't fear investing and holding it for my lifetime.

But still you know people will argue over it who has no idea about the Bitcoin and will pretend as everything is fine in the real world and fiat is okay and inflation is nothing at all but they all know inside what's the truth and it cannot be overshadowed for long.Bitcoin is true power of funds and freedom.

Only those who are new in crypto are worried about the dumps. The people who are in crypto for few years know that these dumps are not permanent. For the newbies, there is no need to worry about the Bitcoin price dump. Sooner and later this dump will be over and bitcoin will reach new highs.

the base is this is investment, gold has decreased in price, also the other investment. bitcoin is like stock, they can drop anytime, in just second. what we afraid is, how many bitcoin do we have? store as much as possible is good than just panic about dump and pump.

After getting to know Bitcoin I am increasingly convinced that Bitcoin is the best to be able to generate profit compared to other assets. Moreover,
Bitcoin's performance is not affected by the pandemic situation, even Bitcoin this year managed to provide a very large profit. Regarding traditional
currencies, each year always experiences inflation, so its value will continue to decline. Therefore, I am no longer interested in saving money at
the bank. Especially in a pandemic situation, all countries are printing money, this will cause hyperinflation and traditional currencies will continue
to decline in value. While Bitcoin supply is limited, so every year the price will continue to rise. So with the decline in the price of Bitcoin now there is
no need to worry, because with increasing demand, Bitcoin price will recovered soon and could reach new ATH. If we want to get rich, investing
in Bitcoin is the answer.

If we follow the price movement of Bitcoin from their inception until now we will definitely be amazed by it and that's why many investors join and invest in Bitcoin. as we know that the price of Bitcoin can skyrocket in the market and it will provide big profits for investors. investing in Bitcoin is just like any other investment which certainly has advantages and also risks but as long as we follow and manage it well then we don't have to worry about it. Bitcoin is still a crypto target for crypto lovers and that is why it is believed that the price of bitcoin will skyrocket in the future.

No doubt, Bitcoin is exactly the most reasonable asset to have, in whatever the market condition, this actually will not really influence tot he long term holders. We trust in Bitcoin and how tis first crypto journey from 2009 until right now. Up and down are always here with Bitcoin, many more FUDs are spreading about Bitcoin. But see? Bitcoin is still here, rising tot he top again and again. Even this may be like a wave, up and down for the price, make many people so panic, but in fact, Bitcoin never lie, this coin will be back again to make that most valuable thing become true.
Only time will tell.
But if we are exactly a panic person, well, see goodbye,  :D

The only problem I don't have enough Bitcoin HODling is because I don't have enough funds to keep accumulating even so with the little I have been able to trade over time, it has always been with profits. Bitcoin is truly one if not the best place to invest in since 10 years ago and I believe this will continue and all you need is patience with the market sometimes.

See man we have to go beyond our comfort zone if we really want to secure our future and if you think btc could help you then you need to take some extra steps to accumulate bitcoin with you.There are ways in which you can have btc with you by earning them also like sell some goods for it or your services in exchange of Bitcoin but you have to do it yourself.Bit if you will always come up with these kinds of words believe me nothing is gonna happen.I have been DCA investor for some time and you might have heard the term before but it's best.


These small investment do make the big difference in the long run away from what we imagine and you don't feel burdened at same time and have bitcoin also with you to enjoy the rest of life.Take step ahead and you will feel how good your decision was to invest in Bitcoin.But it's only a suggestion not forcing you to do so as we have to look for our financial responsibilities first and then other things.

we as miners in the crypto investment world today, of course we no longer feel panicked by things that are happening today, how bitcoin has dropped so drastically and even got so hard opposition from various countries but that doesn't make us as miners panic at all things that are happening like now, it can't be separated from a bitcoin investment that is so long that we can hold back our feelings not to release it on the stock market at the current price

So you are Miner ? then why will you panicked if you have all the chances to sell your Bitcoin back when the price reached ATH?
and also you can keep your coins longer as you already Knew that this can go High and High every Halving season?
Just Keep your coins and never bother being paranoid in how people doing now, because more than everyone here you knows what is the future of crypto as you risked long mining this coin.

Most of us here in this forum have the same view and stand , because this is the reason why we are here because we trust crypto more than everything else in our world now.
we even invested our money Blindly so why the hell choose other place like banks or stocks when in crypto the volatility always there to bring us profit?

from the beginning Bitcoin came the price grew very fantastically and when Bitcoin fell the price always recovered even a few years ago Bitcoin fell so deep and now Bitcin is able to rise and even beyond our expectations we all rose very high to be able to reach 2 times His ATH in no time.
from what has happened I really believe that the future of Bitcoin will continue to grow even though I can't convince others of it but I personally really believe because of what has happened to Bitcoin in the past.

dumps? i don't even see this as a dump as it diminishes just a little bit and i prefer to call this a correction.
things like this are very reasonable because if they don't, I don't think there is a stepping stone for them to lead to the next ATH, and this is nothing to worry about.
on the other hand when something like this happens it is a test for the holders of this coin whether they can withstand it or will they waver

Very good achievement and your strategy is quite good I am also happy with your achievement.
this is proof that bitcoin is indeed a good thing to invest in.
But on the other hand this is also a reminder that of course when investing here is not a matter of a day or two, and from your story I can see that it will take at least a few years to achieve that.
there are at least 3-4 years when you sell up to $ 17000 because as far as I know the price of bitcoin at $ 300 is in 2013/2014.
and this is solid proof that holding is a good thing to do especially for bitcoin

I agree with your strategic concept that investing is very good if it can last up to 3-4 years, as we have seen from year to year with significantly increasing prices. there is nothing wrong if you can invest now and can save up to 4 years in the future., because it is very likely that bitcoin will reach $300k in 2025 in the future.

Mind you that you do not have to convince others to have the same believe as you do about the Bitcoin network, more often than not, it is counterproductive, I found out some years ago that whenever I tried to talk to someone and convince the person about Bitcoin, when they invest and there is a small correction, they inundate me calls and keep blaming me for bringing them into the network, so I had to stop it. What's most important is that you believe in the Bitcoin network to be a sustainable project and you're in the network to stay, what others, or the government/media thinks doesn't really matter.

We are here to gain knowledge about bitcoin and all the technical and non technical stuff and the main concern is we all share some common interest and want to engage in the crypto discussion as whole.This is forum where you can discussion on various topics like economic, political and mainly bitcoin related conversations.

But if you say about investment then crypto as a whole is very risky state and you can't trust all the coins if you think in that perspective.You could see there are lot of coins that witnessed dump in the market in past few days but my main investment is bitcoin due to all the factors that i have mentioned in the @op and you decision could be entirely different from mine but bitcoin is really best.Crypto as a whole is not good because it contains shitcoins which are full risk investment so take this into consideration.

If that's the goal for investing in bitcoin. Make sure that you won't be selling at $100k-$200k.

Because if those prices have come, you'll be tempted to sell at those prices. Even I, I wouldn't have any thought of selling some by that time.

Each and every holder have different approach to invest and bitcoin like for some DCA would be beneficial but for this you need to have regular flow of income so that you can put up money at your desired intervals but on other side if you can't do that and want to put some extra funds at once you can opt that strategy also and can do that whenever you wish to to so.

But then we say about holding then it's also dependant on how much years we can be patient enough to hold or sometimes we are in emergency so need to cash out our coins so it's not at all problems because we save to use them whenever we are in need.Suppose you have invested at $50k then prices are $100k now after 2-3 years then selling at this level already put you in the profitable situation so selling at that time won't be loss but if can hold even further then it's fine but use your mind as profit is main point if we take it as an asset class.So it all varies and we can't say when to sell or buy as timing out market perfectly is very hard to achieve.So take and manage your investment in best possible way you can.

The world has had Bitcoin equivalent for thousands of years, and they called it gold. Sure it wasn't digital, there were no computers back then. Gold is still around, sure crypto is easier to transact in peace time.

Only thing I can think of is if the electric grid were to fail for some reason (nuclear war, massive solar flare or something to that effect), then Gold/silver would be better...

We know the potential of the bitcoin for over a year and its already proven and tested doesn't need to doubt it also it depends on the investor for being a short term or long term investor. For me it's ideal for both too. Currently im holding a small amount of bitcoin still art of the price movement and profit. Also every 4 years theres an halving happens that cut the supplies and makes more the bitcoin valuable than the other coins.

Comparing bitcoin with gold is the worst that we can do because it's far more better than gold and people at an early stage called it digital gold because it was progressive hard and becoming people's favourite choices but it has lot of differences between it as the supply is limited to 21 million and most importantly it has given immense returns to the holders over the decade whereas your gold is lying dead in your bank lockers for all that period.

You said crypto is traceable but there are lot of ways to do so in Bitcoin also like through mixing services where it becomes impossible to track the transactions also but if you are making right transactions you don't need to worry about the same.But your concern makes me feel whether gold is used in illicit activities if you fear tracking? Suppose you carry your physical gold how much you can carry along with safety in this new world where thiefs and attackers have various ways to take it from you? The wars and nuclear things you are talking about can't shut down the internet completely because the tele communication needs to be taken at some point but yes they can declare emergency to take funds from you in your physical gold format through your bank lockers and deny access to it.

The fiat and all other markets are the most affected during this wars and do you think gold will remain unaffected with them?You could check that during war times the gold prices surged and after the conditions are normal they return to the pre invasion prices during almost every scenario so c'mon be wise enough to make difference between your money and choose the right ones if you can see it apart from your war concept.

And am very certain or it is certain that there will be next ath and it will be higher than 2021 ath, seeing all these previous growths to the next level removes all doubt and fear, there is no other assets like btc, no assets as accommodative as btc, it is an asset for every generation,
People who are always panicking to sell don't have a long term goal in mind, between 10 - 11 years is not that far but look what btc already managed to achieve, I have come to understand one thing about btc, accumulate when there is dip (as long as you can afford to) because every dip is an opportunity, when the market is in full speed, you would wish you bought the dip.

while your stand is quite understandable yet in time when all of that bad implication is not to be part of the future.
Nuclear war and Solar Flare may happen but i believe that if it happens ? the world will End then so there is no need for gold and silver also .

Can't exactly say when will be the next ATH but as we are facing year end at around $46k and maybe this price range could hit some upper limits of $47-$48k in next two days whereas the indications were much higher according to PlanB of $98k but still the market reacts suddenly so can't figure out next move.

The conditions were worse because of all these panic sellers and yes they don't have long term goal in mind and if you look closely they sell out of fear when prices are going down they feel losing funds or any type of FUD which hints them as if it will never recover again ignoring the history charts and future reference and adoption curve.So they will always be remain the same.But one thing is sure btc will rise to extreme levels in few years and then they will trust it.

So do you believe in it or like others living in illusion that it's bubble? We can't convince all about btc as everyone had to decide his own faith but we can guide them about ture representation and use case of it rest is their wish.

At the first place if we truly believes what bitcoin can do perhaps we are now very rich because of it.. Lol but unfortunately we have some doubts that time wherein the price isn't really high. and because as well of some fake news around the internet especially when it comes predictions and etc that bitcoin will not last, we really missed all the opportunities.  Cheesy now probably we can say that bitcoin is totally legit because of the position right now in the market.  No doubts.. Lol

Everything has its pros and cons. Nothing is perfect. But the pros of bitcoin outweigh the cons.
Those who say it is the future assets are the ones that really knows what bitcoin is and how it is better than the traditional currency. They know the future potential of crypto currencies. Those who say its a scam, are the ones that knows nothing about bitcoin and has probably lost money investing in it. Or are just butthurt because they didn't invest when they could.
It does affect the market. They spread FUDs causing the price to crash. And not many countries, almost all country has made bitcoin legal. Only few countries made it illegal.

Bitcoin is not tool to make us rich overnight but it is being used in two perspective which are the first one is payment mode then secondary as an investment asset to hold for long term or short term According to our preference.But one believing in bitcoin and be rich at this time have no direct relationship as many investors or people who started to believe in it little bit late and have invested some amounts not too considerable are not millionaire at this time.But those who have invested at an early age good amounts are ofcourse rich at this time because now it's above $47k so those who invested at $500-$1000 are already enjoying good returns.

Then you are saying it's legit then it also has two meanings like the first one was it was always legit but portrayed it in negative aspects by government and media and rest people started calling it bubble who doesn't understand its value and base functioning as it was needle to burst the fiat and central bubble.Second it is only legal tender in El Salvador at this time if you are speaking in that context because many countries are discussing regulations for the same.Now more and more people are educated enough to read about bitcoin on the net and various sources and above all they are investing the funds in it for gaining more profits in the long run to have deflationary future ahead.The thing is you should learn about it at this time or remain in the inflation boat all the time that can sink you anytime.Choice is yours.

Mainstream media is a little annoying with the news they spread. So I wonder, what do they really want?
Regardless, I still choose bitcoin as my investment tool and without us knowing it we are like holding a bank in our hands. Apart from bitcoins I haven't found any asset that I really feel comfortable owning with.

Well, media will going to publish or report news that was purely in favor to government though not all the time but because the media has no source of legit news when it comes to cryptocurrency they will going to rely on the opinion and insights of government officials. But yeah, look at we now, even if bitcoin was challenged and questioned a couple of times we still believe and people trusting bitcoin are keep on rising the number. However, we can't deny the fact that at first we also doubt bitcoin because of fake news.

My reason is very simple the why I prefer bitcoin than other is bitcoin does not depreciate instead it appreciate so when ever the market is going upside down you don't have to panic because it will surely normalize to it nature that my reason why I prefer bitcoin than other assets.

The media houses want trp and publicity and will always keep their hands join with the government officials and don't want to go against them so in the past there were always rumours spread across mainstream media through which government tries to convince people it's fraud and scam but as the mass become educated towards bitcoin technical aspect and it's working they came to know about the truth behind the scenes from which government never wants to fold the curtains as their Central chain of authority is challenged by it.

For example in China every media house is puppet of CCP and it's democratic dictator rule over there and most of the social media platforms are banned over there because they won't allow citizens little bit of freedom also and same is happening in other countries also but they can't curb it to the low level and it will rise with time and immense adoption.

We all have different reasons like for you it's profitable investment over time but there's sell of factor at the time of dumping which is not easy to avoid by many but if you survive that period then it's completely fine and you will get profits in the long run as it will surely rise but normal dumps on the way are also vital part which can't be avoided but still it's better than diminishing asset which goes only down the stream eroding all the funds that have been poured in them.

Your story is really very motivating, also if you bought at that price it means that from the beginning you believed in technology and in all the good that BTC offers with its deflationary economy, I really congratulate you and you represent a great example for many and before the world, I hope the word continues to spread, in my case I have never had the privilege of having 1BTC, but if I have had fractions of BTC, and now with everything that is happening in the world, I see that BTC is much safer That having money stored in the bank, in gold, or in any safe asset, for me BTC is the best option for a Safe Haven, because BTC will never disappoint.

I completely and wholeheartedly agree with your statement that Bitcoin will never disappoint. I truly believe that Bitcoin will always remain the favorite even as Altcoins come and go and some even achieve surprising heights on their price charts, Bitcoin will always be the main actor. Especially with the huge volume, trust and hype behind it, over all the years gone by. Bitcoin won't disappoint.

I believe that the topic is not generally only for crypto asset instead in everything in  which OP is referring and i respect your answer as we are all in crypto we are in favor for assets here either bitcoin or altcoins.
so Yes Bitcoin volatility is normal and even if there is a up and downs yet price will always recover and will gain as years passed by .
so If you are talking about Asset that will save us for tomorrow? then this is perfectly say that Bitcoin and no other altcoin that will assure us safety
in our funds invested inside .

I agree that it's stupid to ignore what seems to be the best performing asset of the last decade or so, but I don't think altcoins should be ignored or serve no purpose. In the last few years some altcoins such as Ethereum have done well compared to even bitcoin. I think bitcoin should be a core holding, but some altcoins can also add some diversity to a portfolio and potentially outperform based on their networth growth.

See I have already made clear that btc is the best option for me but it can be entirely different on your end like we both can't have the same taste and will be having our own preferences.But for me altcoins doesn't matter at all even if they are giving returns to the holders due to lot of factors.

But if you say about ETH then i am not willing to pay huge gas for a normal transaction and the latest hard fork haven't made any promising affect rather than burning the supply with each transaction.So not willing to invest in it as well but if you say about altcoins can outperform btc then you are wrong on that part because no coin has such potential and strong technical background to compete with it.

It's preferable because how it recovered after the price has crashed in the past and look at it right now, it always fixed its price again and you won't suffer any loss even though you bought from when the price was high because it will somehow be managed to cross and break its ATH record. All you need is to wait and be patient in holding it. You also need to forget your investment when the price is going down and stop thinking about the crypto market for a while and focus on something else to avoid unnecessary doubt and might lose your chance to profit from your investment in the future.

maybe this doesn't make us panic at all with the unstable bitcoin price in recent years because a lot of people choose the crypto world maybe because of the very long duration we can even store bitcoin and not release it on the stock market before the price is as we want it to be. when we buy it, bitcoin also gives us the freedom whether we want to stay or release our bitcoin maybe with a price that tends to change but it is not affected because we can buy it back if we want to be in the crypto world again

Yea ..you are right op. I agree with you. Even the legal tender is also affected by inflation, but for Bitcoin, the price may go down today but, in the long run, it will come back stronger and better than it's previous position.

this is a great topic, thanks for creating it, it makes me believe in bitcoin even more

so far my biggest regret is not having faith in Bitcoin back in 2016 (or when I heard about bitcoin for the first time) despite experiencing harsh price fluctuations, bitcoin has gone up many times since 2016

currently investing and believing in bitcoin certainly won't make me lose, bitcoin is an asset that will continue to be valuable. I'm glad I know bitcoin

Finally, someone provided concrete data and analysis to support the idea of HODLing BTC by basing it also primarily on its history price index. Compared to any other investment methods present in the market, BTC had the highest amount of percentage increase on the market given in a relatively shorter amount of time.

By basing it also purely on experience, the total number of BTCs that I received is equal to around ~$37,000 but this price may vary also depending on the current price of it. That is why, I do believe that HODLing long-term is the way to go if a person wants to experience large amounts of profit/gain.

So you are an early adopter since you said you had told you dad on investing on Bitcoin 10 years ago?   Considering on how many years we are still existing as of this market then you had made out significant

amount of profits if you had invested into those early years. You would really be ending up on regrets if you hadnt able to put up some money and seeing these prices had climbed up on new all time highs.

But well its not too late for someone to invest though but we know that prices now are bit high already so thats what make people hesitate on doing so.

Explaining it in your words then even only few percentage of people know about Bitcoin and then only few out of them have invested in btc.For instance say 30% of population at this time have heard about the term cryptocurrencies and mainly bitcoin of it through friends or mainstream media due to global surge as it's new hot topic but only 5-6% who understands bitcoin have invested in it and rest are living in dilemma that it's bubble,scam or ponzi due to government fake talks but they are fools themselves.They will regret later on but keeping this talk aside we still have bitcoin growth to advanced levels and once previous year we saw it reaching ATH of $68k and that's the power of btc.

With still lot more people to invest and come to know the true importance of bitcoin it has came this far and just imagine how much will it burst to surge to new levels if more people invest in it in future? The returns are immense as dollar and all other fiats are losing their value with government money printing and fake idealogy and unethical monetary policies so you need deflationary btc with you.


It will always remain ahead of every financial asset despite of the fact it's down from ATH to now of $42k but hopes are high and it will give what every holder is expecting from it but you need to have patience for it.

It doesn’t really matter when you started investing and how much of Bitcoin you own.
Whether you own one Bitcoin or a fraction,, it is still worth it.

Moreover it’s not really necessary that you are going to hold your Bitcoin forever, everyone has what works for them and the strategy they try to follow.

As for me I’m not the type that always has plans to keep on hold without even selling, because that doesn’t suit me at all.

of course everyone has their own principles and also regarding an investment they will be involved in but for me if you want to invest then I will prefer to be in the crypto world and even though the price may be unstable it doesn't affect me because bitcoin investment is an investment. investment that is long term if we don't want to release it in the stock market then we can hoard our Asep to continue to be in that world for a long time but if we want to leave then we can release it again maybe at a price that is not what we want and it has absolutely no effect on a price but we can call this investment an investment that is so transparent and open

Bitcoin is really great and I always regret because I didn't hold and don't have capacity to buy and hold for long term because of daily needs.  I'm really struggling in my situation even though I want to invest and hold but I can't. Good for those with capital to invest and believe that bitcoin will grow more and more as the days goes by.

Yeah, whenever I invest in cryptocurrency I try to sell whenever I have the chance to sell, as long as the profit seems good enough for me, then I am going to sell and take my profit. The only time that I don’t sell is when I feel that the profit doesn’t seem good enough for me, then I can decide to keep on holding period and of course sometimes I even hold for years without selling.I have HODL’ed Bitcoin for like 3 1/2 years once.

And it did work out for me because there was a bull run that took place next. Whatever strategy you know would help you to keep on growing, then you should apply that strategy, And not trying to do what others are doing.

If you are comfortable enough with a trading strategy like this then I don't think anyone else can interfere with you. You can literally do anything and maximize any strategy if it can bring you a profit, but of course you are willing to weigh the risks. But if you're willing to hold on then maybe you'll get a much more decent return than selling it outright.

In my opinion, risk management in trading is very necessary. Maybe we shouldn't be greedy to hope for bigger profits when we get a commensurate profit, but when we consistently survive in the long term it is much more profitable.

Hey OP, you are right, bitcoin is a really good investment. But, I do notice that there are some people who say that they never take their profit, due to one reason or another, maybe they are trying to hold it for a lifetime or so. For me that doesn’t seem quite reasonable, because if you are investing in an asset, your main reason for investing is because you want to make profit. So why then are you really planning to hold this for a lifetime?

Anyone who is investing in cryptocurrency should be taking their profit whenever they can. I’m for sure there is every possibility that the market would keep on increasing as time goes on, every year we’re always going to be seeing the market increasing in value. So it’s a really good investment and it’s not something for one to miss out on.

Yeah, "risk management" is very important in any investment.

however, the fact that we are investing in crypto, that means are ready to take higher risk without a higher goal of profit. If those who invested early did not take a high risk, then most probably they are not enjoying their huge profit now. My point is, invest what you can afford to lose only and take the risk if you see there's a huge potential on it too.

Bitcoin can be purchase with little capital and Bitcoin is currency that you will buy and and the values will reflect immediately, you can not wait to accumulate million before you purchase bitcoin people get it wrong enough for cryptocurrency investment because with 10 USDT you can purchase depending the level of your money, i like the way it is because if you have small capital is affordable for you purchase and if you have larger capital is affordable for you to purchase, i like cryptocurrency no excuses if you want to have Bitcoin because is an asset.

Don't be bad about it though, if you've profited out of those times then probably you did the right thing and it's not like you know what the future holds, if you did then probably you're going to be richer than you can imagine. That's the other problem, it's not fair for everyone. Some have the money to invest and some just don't have the money to do so.

$ 10 if you buy in stages and hold it will certainly get a pretty big profit too. Cobak is scheduled to buy several assets every week with a capital of $ 10, especially buying Bitcoin and altcoins in the top 10 of CMC. The initial capital also depends on the financial level of each person. Just stay in management and use the right strategy.

Wise choice. because it's like that, there are mostly reasons that say that it's not in bitcoin because the price has gone too far and will only make a little profit now. there are many who say that and this is just a classic excuse made because as you said it is never too late and no matter how big or small when they really intend to be here of course they will.

When you are aiming on more 2x or more kind of profits then bitcoin wouldnt really be a good choice imho and lets just face that fact even though it is somewhat could give out that assurance
that it could last for long  term even though its no guaranteed but seeing the support and recognition then it would surely last for a while and thats why some people do prefer altcoin investment
rather than sticking with bitcoin even if they do know that this is something much better than with alts.Well, this is a personal choice because we do have different mindset
or goals have in mind whether we do go into something riskier like alts or go to the common side which is on bitcoin.

Why you cannot invest and hold? Are you trading Bitcoin and relying on it for your daily needs? I know some of us can be jobless, but you must do an effort to find a job in real life. For me, it is not recommended to rely on trading Bitcoin for your daily needs, you need a job in real life. You should have a chance to invest and hold for a long time. Even it is not today, probably you can do it someday. Investing in Bitcoin doesn't require 1 BTC, even you can begin investing with $50 to buy BTC. So, don't be pessimistic and believe you can't!! There will be always a way for each people who has an intention to join BTC investment. 

I have been away OP was and trust me, it wasn't a good situation to be in. One time I would be making so profits off tabtrader (which helped me connect to a number of exchanges at the time) and the next minute, I'm taken a chunk off the table and need to work 2x harder to get back on track. Anyway, one doesn't necessarily need a job IRL since the same can be achieved by any of the available web3 opportunities today.

The success of investing in Bitcoin does not have to use large capital, because using large capital also does not guarantee success. If we use
the wrong strategy no matter how big the capital we use will run out too because we experience losses. I totally agree that consistency is very
important to make us able to make big profits. Even though we only have $10 in capital, but if we buy Bitcoins every week or every month on
a regular basis, then in the long term we can generate large profits. Moreover, Bitcoin's performance tends to continue to rise every year,
if the price of Bitcoin goes down, it's actually our chance to buy more Bitcoin again. Because if we study Bitcoin properly, Bitcoin price can always
recover and go higher after the price goes down. We could see the Bitcoin price drop earlier this year, so there's no need to hesitate to buy it
and hold it until the price target we want is reached. Actually it is not too difficult to be able to generate large profits from Bitcoin, the most
important thing is that we understand how Bitcoin works.

Its because we have different status in life. Rich people can invest huge money in Bitcoin and can hold even for long years without the need to sell because they're capable to live comfortably while waiting for their money that they invest to work for them. Its a different situation for average/poor investors because most of the time we are counting on our investment. Even we're aware to not invest the money that you cant afford to lose or the money that is meant for important things.

Anyway since its Bitcoin, holding is really profitable and much better if you can bear waiting for long period. Its risky but still worth it.

as you said this is a personal choice of each and everyone is free to choose.
indeed alt is more profitable and I don't deny that but it can't be separated from the big risk. on the other hand bitcoin also can't provide large amounts of profit but with alt they are actually safer I think.
apart from alt and bitcoin, actually both of them are still very good, it's just a matter of making up your mind whether you are sure of the choice or not

Yes, and now more than ever is when more confidence should exist in BTC, since many are taking advantage of buying BTC little by little, it is known that the bearish strategy was to lower the price as much as possible last December, the The reason is there, everyone believed that the BTC was going to reach $ 100k, but the whales did the opposite, it is a valid move but this suggests that at any time when most people bet that everything will go down, they will put their positions in short and the opposite will happen.

That's right rich people can invest huge amounts of funds into bitcoin without selling them for long term because they have funds with them in need unlike us who needs to sell when we are in urgent needs of funds.But there is one thing we can do like investing some extra funds at regular intervals through most popular technique of DCA investing which will benefit you in the long run.

The main problem is comparison between rich and poor and it cannot be covered at any cost even through btc because rich can accumulate more than poors even ar higher price but my opinion is you should be holding btc whatever amount you can as inflation wave will put all of us in the rabbit hole that will be end for us and no other financial asset can help you at that time.So it's better to have a pie rather than going for whole full cake which you can't afford at single time.Stack sats slowly and in the long run you will have more btc and profits eventually which we all want.You need to have some different approach and whining same old things like it's expensive or scam is just one of the main excuses that is hindering us from getting into big game of decentralisation and deflationary future.

I believe that Bitcoin is a better proposition as a store of value than any other asset we have at disposal. However I think diversification should always be practiced soundly especially in times of economic turmoil like now. We must not forget that the current pandemic situation is pretty much equivalent to a war in terms of social and economic impact.

Remember to be emotionless when budgeting your finances and making investment decisions ;)

Bitcoin and other cryptocurrencies are here to disrupt our old obsolete fiat currencies which have control written all over them and in a world where everyone or maybe some people are aware of such freedoms its just fair that we return the choice of choosing what ee do with our money it's returned to its users and bitcoin happens to be the answer which is a currency, asset that can be used as a store of value  or medium of exchange.

That's the difference, but we can imitate it by managing money economically and in principle most rich people will not buy things or necessities that they don't need and also consider spending a little money and it's outside of basic needs. unless absolutely necessary and at any price will buy.
and besides that money for monthly expenses has been arranged and must be sufficient, because rich people have principles and prioritize money that works by investing to be enjoyed in the future.
And if we could do it that way, we could buy quite a large amount of bitcoin, and most of us spend a lot of money we don't really need like prioritizing lifestyle.
a small example is cigarettes and if multiplied by a month the costs incurred for cigarettes are very large, and if transferred to additional investments the results will be satisfactory in the long run.
and I think the journey of the rich invest like that, and have to suffer first and have fun later.

why miners are not panicked by the decreasing price of bitcoin at this time because of course it has several factors that influence it where bitcoin is a long-term investment and is so transparent that it doesn't make miners feel afraid for example they want to continue in the crypto world then he can maintain it in the long term but if they want to leave then they can release their asset in the stock market although at a slightly lower price but for me it is better to keep it than to let it go in the current timeframe

This may sound weird, but yeah, I start believing in it.
But since bitcoin was new and my father had some doubts, he did not believe in me and considered bitcoin a scam or Ponzi scheme provided by any company. That's the reason why people living in 2021 felling regret just because they didn't believe back in 2009-2010.
Anyways time has gone, and we can not bring back anything but learn from our mistakes. Undoubtedly, bitcoin is decentralized, and we can still invest in it for our bright future.

Your father was kind of correct, or at least half right, it is an indirect ponzi scheme, a decentralized ponzi scheme. Why would you think its NOT a ponzi scheme?? Because its gone up?? Ponzi schemes inflate until they blow up.

It can exist as long as not too many withdraw their funds and new buyers buy. If there is a run for the exit where too many would like to withdraw their funds, then it goes to zero, or close to it. That's what a ponzi scheme looks like and functions.

As long as you (and most others) hodl it stays afloat, if you dont hodl it goes to zero, that's why everybody wants you to hodl. It's a very simple concept when you think about it really.

In a perfect (crypto) ponzi scheme a good hodler hodles until he is dead, and the keys get lost forever. That way you will never sell. There have been stories of people that have lost their keys and even sent their computers to the dump (with BTC wallets on them). They are perfect hodlers.

It’s not like I prefer bitcoin over other assets but it’s also true that I have great faith in bitcoin. I have seen it show dips in the past but I can’t also overlook that it bounced back every time, proving that it will always be a great place to put your money.