HODL: You have to wait 30 years for your money

[hujanderas]

this is hard to estimate, you can not just outperform the past charts of an entirely different industry, apply it to Bitcoin and make some sort of conclusion. It's not even true to take a graph of Bitcoin's past and forecast it into the future by saying that Bitcoin will be worth millions over the years, because it will be less likely that Bitcoin will fall, either whole or just experience low levels.

[diegodos]

Why wait 30 years? Invest now in future projects and get profit within 3-5 years and you have enough for a lifetime)

[pangolier]

For all of those you like to say HODL.

If you wait long enough it will bounce back.

As an example look at the Dow Jones stock index.

If you bought in 1929 just before the downturn you had to HODL for 30 years until the price was back where you bought it

If you bought in 1966 just before the downturn you also had to HODL for 30 years until the price was back where you bought it

Don't believe it? see for yourself: http://www.macrotrends.net/1319/dow-jones-100-year-historical-chart

Are you willing to HODL when the price goes down and risk having to wait 30 years to get back up?

For me investing in Bitcoin is a gamble for almost everyone because it is not a stable way to invest money, because while it is not controlled by governments, it is simply being controlled by someone who's in charge and this is while Bitcoin is a risky way to invest but it's on you if you'll take the risk for the better or worse than you can imagine.

[paolo099]

i was missing the OP and this kind of topics but let's try to answer properly (and take the bait):
Why you have to wait for 30 years for your money?
What if i got couple of BTC when it was, for example, 5k and sell it now at around 11k? what's your point?
waiting for 30 years might get you a billionaire or with a 0 value wallet, this bait was very low mate.

[btcprospecter]

I don't quite understand why you would have to wait 30 years just now what you put in is relatively safe bitcoin hasn't completely plummeted. If you mean wait 30 years to see returns that very early adopters have then more than likely yes.

[audaciousbeing]

For all of those you like to say HODL.

If you wait long enough it will bounce back.

As an example look at the Dow Jones stock index.

If you bought in 1929 just before the downturn you had to HODL for 30 years until the price was back where you bought it

If you bought in 1966 just before the downturn you also had to HODL for 30 years until the price was back where you bought it

Don't believe it? see for yourself: http://www.macrotrends.net/1319/dow-jones-100-year-historical-chart

Are you willing to HODL when the price goes down and risk having to wait 30 years to get back up?

The rules of the games have changed to what its traditionally obtainable in the finance  world. The reference you made is not applicable to bitcoin or digital currency rather to stocks whose price increase is greatly regulated. The directors of the companies involved would have taken care of their families to generations before thinking of doing activities that could increase the market value of their shares and the cumulative of this to have effect will take the 30years.

But in the case of bitcoin, no one is given that authority so the forces of demand and supply are allowed to play their role to the fullest with individuals being the determinants of the direction with all this, I don't think it's informed to compared the two.