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Author Topic: an important reminder : accumulate bitcoin.  (Read 275 times)
bitmover (OP)
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April 05, 2020, 07:04:26 AM
 #21

No one is here for 20 years investments. This is a very long time. I can hold by bitcoins for another 1- 2 years and I am hopeful we will see the bull run before this time. If you are holding for bitcoin for 20 years, it is also very risky because you never know whether bitcoin will exist that time or there maybe something new,  currency which we can't imagine now.

Well,  talk for yourself.
1 year period is a very short term in any asset.

The author was talking about 20 years but maybe 10 is enough.

Go on and sell in 1-2 years, I wouldn't never do that. I am here for long term

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Lucius
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April 05, 2020, 10:10:38 AM
Merited by Heisenberg_Hunter (1)
 #22

I already hold bitcoins and wait for 3 years and i would wait another 2 years, so it will be ideally 5 years and I should get the reward of waiting and holding Bitcoins, shouldn't I ?

Well, BTC is not so simple that we can know what will happen in 2 - 5 - 20 years. Your assumption that it will be enough to wait just 2 more years to get your reward may make sense, but it may be completely wrong. If in any case in 2 years a big drop occurs, then your reward will not be realized within the given deadline, and therefore it is quite irrational to think in that way.

The philosophy of many is precisely on this track, determining the point of exit, but not based on a period of time, but on a certain price. If we consider that many have this target at $100 000, then it is logical that they will wait for that moment, or at least something close to that price, and then sell everything they have and probably invest some money when (if) the price drops.

From the point of view rewards for holding, everyone is in a different position depending on when he invested in BTC. For those early adopters, that time was already when BTC reached $1000, for some others the end of 2017 was a great opportunity for profit. For me personally, all that I have accumulated over the 2014-2017 period is a reward today because the value of that investment is greatly increased.

.
.BLACKJACK ♠ FUN.
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████████████████
░██████████████
████████████
███████████████░██
██████████
CRYPTO CASINO &
SPORTS BETTING
▄▄███████▄▄
▄███████████████▄
███████████████████
█████████████████████
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AakZaki
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April 07, 2020, 12:50:29 PM
 #23

20 years is a very long time, friend.  How could we only collect Bitcoin during that time, while we are required to meet our daily basic needs, every month or every year.
Life is too short if you have to wait for the next 20 years just to enjoy the results.
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