Sure, bitcoin is volatile, yet if you have a long term investment approach to bitcoin, if you keep buying BTC for 4 years or longer, then you should be in profits for any thereafter HODL.. sure another possibility would be to front load your BTC investment, yet if the BTC price drops after you front load your investment, then you should probably consider buying more or just holding through the down period..
Personally, I agree with you because you bring up very important points. Not many people can do that kind of long-term thinking about Bitcoin. They think they bought some bitcoins in a short period of time and sold them at a higher price and walked away with a profit. Such people hoping to invest in btc could never return with profit. BTC is a coin that needs to be invested for a long time in order to get anything from it. If you can stick with him for a long period of time then you can definitely return with profit from here.
For sure there are ways to still make profits with BTC by playing shorter timelines and also considering profits in dollars, yet it seems to me that a lot of those people who had been fucking around with trading bitcoin and getting in and out or even taking their profits in dollars have not done even close to as well as the longer term HODLers, and sure there could be some situations in which some folks get into bitcoin and they are not able to keep buying and/or to HODL through a whole 4 years or longer, yet sometimes the anxiousness of getting in and getting out is self-imposed rather than something more concrete like age and/or health.. ..
Yet, I have come to believe that anyone who comes to bitcoin with less than a 4-year investment timeline is merely trying to trade bitcoin rather than invest into it, which is not likely going to be as profitable in the sense of the kinds os options that bitcoin likely gives those folks who mostly attempt to stay into bitcoin rather than getting in and out of it.
Of course, bitcoin's future performance is not guaranteed either, so each of us should be figuring out a bitcoin position size in which we are sufficiently accepting that we could lose it all, yet we also could also profit quite well from it too, yet there still should be ways to choose an amount of money from our disposable income to be able to prepare ourselves for the range of possibilities, with no real need to use leverage, and if our investment timeline is 4-10 years or longer then we just figure out some kind of way to play our bitcoin hand in that kind of a longer kind of a timeline.
Rather than proclaiming we are going to win, it seems to me that we are already winning and likely going to continue to win, so where's the problem (issue) in regards to short-term volatility or fears that some folks might have about HODLing dee cornz?
Looking at the current scenario, I think we have won and we seem to be going through good times at the moment but in the short term volatility some people are worried about folding, I think this is nothing. It is not for short-term volatility. Have to think long term. I think this volatility will not be there and will be fixed soon.
Throughout bitcoin's history there have always been battles and fears built into the volatility, and the BTC price never goes straight up, even when it is going straight up, the corrections will tend to feel like it is done going up, so in that sense there is always going to be those kinds of fears that we are never going up again, or we will never reach a new ATH again.
I am not going to claim that I know exactly what causes these kinds of dynamics, especially since each time there are different kinds of causes in regards to the price pressures are both up and down, and it seems to me that newbies should be just concentrating on continuing to accumulate BTC. Look at yourself, you don't even have 5 months registered on the forum, and if you have been buying BTC the whole time, then you should just be figuring out your budget and just continuing to buy for at least a whole cycle and then perhaps see where you are at, but yeah if you are spending too much time thinking about price, then you seem to have the wrong focus, at least for your first whole cycle. Sure maybe you want to try to front load your investment, yet people ONLY have so much of a budget so they usually have to just work out their budget and just keep buying BTC on a regular basis and don't stop.
On the other hand, if you are able to front-load your investment, then you might be in a bit of a different situation, yet even folks who front load their BTC investment, they still may well continue to supplement their accumulation of bitcoin holdings with ongoing buying.
Do you think the long-term thinkers who did it got volatile this time around, or do you think those who held for a short time got volatile?
There are always going to be short term weak hands, yet I am not going to claim to know exactly who's selling. There are probably some long term sellers too, and we cannot always know about fractional reserve manipulation too.. yet I am still not going to claim to know.. We had a couple of decently sized selling events with the German selling, the GOX coins and the redistribution of Grayscale coins over to Blackrock, yet I would still imagine that the BTC market should be able to absorb those kinds of BTC sales, and also if you think about the matter of having more than a 2.5x BTC price appreciation between October 2023 and March of this year (also before the halvening), there sometimes needs to be some pausing period from those kinds of BTC price runs, and if you think about a 2.5x price appreciation, yet ONLY around a 33% correction (so far), there are likely folks who are still pushing for or waiting for more down that might not end up happening. I am not going to proclaim to know, even though historically it has been better to make sure that each of us is prepared for either BTC price direction, and an overwhelming majority of the world's population has failed/refused to sufficiently/adequately prepare for up, so in those regards, any of us involved in bitcoin and/or learning about bitcoin should be advantaged over an overwhelming majority of people so long as we are attempting to make sure that we are sufficiently/adequately prepared (or preparing for UP) rather than getting overly worked up about down that may or may not happen.
Something is coming..
Because Bljatcoin did not crash ..... something much more catastrophic will take its place.
You sacrificed the world for something as trivial as Bljatcoin....
Have you prepared for UP, this time?
Just consider how many BTC you could have had by now if you had ONLY been accumulating rather than
whining and begging?
Another tranche of 'seized bitcoin' is coming up, apparently...FTX might negate those flows if both processes coincide in time, which is not very likely.
Could be a dip, then a pump or vice versa.
What seized bitcoin?
Can you stop talking like a riddler?
GODDDDDDD!!!!!!
Can we end this infinite agony and stupid long term threats.
Im talking about the middle east conflict, and the U.S elections, please i want to be in december.
The market is nervous, has nothing to do about the Ftx coins and etc. Until we not cleared this two things we cant see so much forward.
Just live your life and don't be fretting so much about the passage of time. We ONLY have so much time on this here earth, so trying to get it to move faster does not seem to be a great idea, at least from the perspective of this here kitty cat.
What about
the shit HBO show showing some Faketoshi? Anyone seeing it just for fun?
Thanks for the marketing HBO.
What is worse? Spending your time looking at BTC price charts, or watching fake documentaries trying to hype up a who is satoshi (or we figured out who is satoshi) mystery - variations of which we have been hearing about for well over 10 years...
TLDR: Don't be fretting.
Hello WO Gang,
Observing 62,181@Stamp.
So, I apparently once spoke to Satoshi.
Wow.
Well, anyway...
[Insert gif here]
Another guy speaking in puzzles.
Poll
