Buy the DIP, and HODL!

[Nheer]

You are right, the reason why some newbies believe that Bitcoin will drop below $30k is because someone that introduced them into Bitcoin investment gave them that impression and mindset however as a newbie you need to do some research about Bitcoin yourself, you need to know the history of Bitcoin investment and how's is going.

Of course when you’re new to something you will only have the knowledge your mentor teaches you even if there are right or wrong you only have knowledge of what is be taught to you. Newbies are not to rely only what they are taught you should have the ability to carry out personal research on your own to widen your knowledge just as it is in school. Bitcoin is different from other cryptocurrencies and and even though we will experience a dip in price no one is quite sure how deep it will fall but I don’t think we might see $30k price. When you are a long time investor you don’t have to worry about the price dips at all all you should be focused on is accumulating more and more bitcoin. This should be the mindset of every newbie.

As a newbie into Bitcoin investment it is important you know that waiting for a dip to happen before you can start accumulating is a waste of time, talk more of waiting for it to drop below $30k, if you want to start Bitcoin investment you don't have to wait for a dip, you can use the DCA strategy by accumulating weekly or monthly using your Discretionary income.

Waiting for the perfect market dip can be a futile strategy. What if it doesn't happen as anticipated, or not in time? Instead of delaying, consider investing smaller amounts regularly using the Dollar-Cost Averaging (DCA) strategy. This approach makes investing more accessible, especially for newbies. When the dip does occur, you can take advantage of it, but don't let waiting hold you back from investing altogether.

[DaNNy001]

Investing in cryptocurrencies is in itself a high-risk, high-reward endeavour and hence should be approached with enough knowledge and caution although sometimes one can be unfortunate regardless of the amount of knowledge gained due to the upturn of events in the crypto market. In purchasing crypto currency depending on your goals (short-term term or long-term), for short-term that is buying when the market is low and selling when it later rises the risk involved is that the price may not rebound and hence continue to drop or remain stagnant thereby encountering losses while for long-term goal that is buying and holding regardless of the market trend the risk involved is that if the market experiences a prolonged downturn the value of the crypto might decrease significantly.  So in all there is risk in cryptocurrency investments whether long-term or short-term.

You recommend buying crypto only when prices are low.  It is the religion of crypto that coin prices go up and down every day. How do you find that time and price when it's the actual time to buy that coin?

Not only us but a new crypto user can blink and say buy coins low sell high or buy low coins and hold but which is the low price ?

To understand these things you need to learn technical analysis and have a very good knowledge of the crypto market and that is why it is true that trading is not for everyone and crypto cannot bring profit to everyone.  If everyone could profit from crypto then everyone would use crypto as their main source of income

I think I would disagree with you on the crypto aspect although I don't know if you are relating crypto to being Bitcoin which I believe is two different assets entirely. Bitcoin and Bitcoin alone is what I would recommend anyone in buying and this is because it's has proven itself in terms of investment worth over the decays although holding and becoming successful on  with Bitcoin doesn't necessarily require you have to learn technically analysis like you are saying.

What's required for you to be successful in Bitcoin investment is as simple as ABC although lots of discipline in terms of consistency and not moving away from the strategy that works like the DCA strategy and other practically method which doesn't require you to temper with your bitcoin because tempering with your Bitcoin asset or portfolio just reduces your chances of being successful especially if you are the aspect of trading it on a daily which for me is just simple like gambling your Bitcoin.

[Jewan420]

Long-term Bitcoin investments can indeed be seen as lower-risk, especially for those who are prepared and have solid backup plans in place. Holding Bitcoin for the long term has shown positive and successful results, the trend from its inception clearly shows significant growth potentials. The best out come of bitcoin investment with lesser risk lies when you accumulate and HODL for long . So many investors believe in its long term value , especially considering its historical performance. Its unique characteristics and potential for higher returns has attracted many investors especially how it price increased over the years. The future of bitcoin looks promising and with the growing acceptance as a digital assets.

In long-term investments, the price volatility of Bitcoin does not have a negative impact. However, this does not mean that long-term investments are risk-free. A newcomer should be aware of both the advantages and disadvantages of investing in Bitcoin. While there may be less risk in terms of losses in the long term, holding it for a long period can still be challenging. If you do not take the right steps to hold it long-term, your money or investment will definitely be at risk. For instance, making mistakes like ignoring prudent income sources, not having a backup fund, or investing with money you cannot afford to lose will put your investment at risk. Although long-term investment is generally less risky, you must take the right steps to succeed in the long run. otherwise, your money may still be at risk even in a long-term strategy. If successful in the long term, there is certainly a high potential for returns.

[DubemIfedigbo001]

Of course I agree with you that anyone who is waiting for Bitcoin to dip to his expected price may never buy because of the volatile nature of Bitcoin, because it may increase when expected to buy low. And talking about making good strategic decision in the text I bolded, of course that will be making sure you invest through weekly DCA or monthly. And making sure you don't invest above your discretion, you should be able to mitigate the use of your discretion in other not to slack behind in terms of misusing your discretion. I believe in "no discretion no investment" so the only strategy is to manage your discretion in other not to used the inappropriate and sell you Bitcoin down the road.

I agree with you, and I'll also want to mention that beyond Bitcoin volatility, money is a moving material, if it's proper utilization is delayed, it might flow into something else of lesser value. Delaying your Bitcoin investment because you're waiting for the dip, is a wrong decision for someone new to Bitcoin because he's prone to entertaining a trading mindset if his intention and target price ends up playing out for him, he might see Bitcoin as something to gamble with and not the valuable asset that it is, or worse still something else might come up and take up the money budgeted for investment and his investment plan would be abandoned. If the price target does not play out, he might still be waiting and be left behind as Bitcoin price continues to appreciate.

Such an investor would recognize his errors when Bitcoin price goes much higher futuristically and he'll regret not buying earlier and such bitterness may lead to not investing in Bitcoin anymore.

[Sticky Bomb]

Investing in cryptocurrencies is in itself a high-risk, high-reward endeavour and hence should be approached with enough knowledge and caution although sometimes one can be unfortunate regardless of the amount of knowledge gained due to the upturn of events in the crypto market. In purchasing crypto currency depending on your goals (short-term term or long-term), for short-term that is buying when the market is low and selling when it later rises the risk involved is that the price may not rebound and hence continue to drop or remain stagnant thereby encountering losses while for long-term goal that is buying and holding regardless of the market trend the risk involved is that if the market experiences a prolonged downturn the value of the crypto might decrease significantly.  So in all there is risk in cryptocurrency investments whether long-term or short-term.

You recommend buying crypto only when prices are low.  It is the religion of crypto that coin prices go up and down every day. How do you find that time and price when it's the actual time to buy that coin?

Not only us but a new crypto user can blink and say buy coins low sell high or buy low coins and hold but which is the low price ?

To understand these things you need to learn technical analysis and have a very good knowledge of the crypto market and that is why it is true that trading is not for everyone and crypto cannot bring profit to everyone.  If everyone could profit from crypto then everyone would use crypto as their main source of income

I'm finding it hard understanding what you're talking about? Firstly you're speaking of crypto which is very wrong in this thread, we're discussing Bitcoin and not crypto. Referring to crypto on a Bitcoin thread can be very misleading to people of lower knowledge on Bitcoin and may give them the inspiration that Bitcoin and the series of altcoins and shitcoins in the markets are of the same category. Clearly Bitcoin is different and shouldn't be generalized as crypto with the others.

Secondly, you're talking about buying low and selling high which clearly states your trader mentality. Bitcoin accumulation which we discuss here is not very advisable to be gambled with. You need to have an accumulation target in mind and continue buying Bitcoin consistently with your discretionary income and a long-term plan in mind. Bitcoin long-term holders are those with histories of good profitability in it and such is not heard of traders who gamble with Bitcoin.

Everyone can profit from Bitcoin and not necessarily crypto and the formula is very simple. With available discretionary income, choose an accumulation strategy that suits you and remain committed and consistent in your purchases across two or more cycles and your profits is sure. Profits in Bitcoin is inclusive of everybody as far as you remain committed in your accumulation and hold for a long-term.

[Raflesia]

Investing in cryptocurrencies is in itself a high-risk, high-reward endeavour and hence should be approached with enough knowledge and caution although sometimes one can be unfortunate regardless of the amount of knowledge gained due to the upturn of events in the crypto market. In purchasing crypto currency depending on your goals (short-term term or long-term), for short-term that is buying when the market is low and selling when it later rises the risk involved is that the price may not rebound and hence continue to drop or remain stagnant thereby encountering losses while for long-term goal that is buying and holding regardless of the market trend the risk involved is that if the market experiences a prolonged downturn the value of the crypto might decrease significantly.  So in all there is risk in cryptocurrency investments whether long-term or short-term.

Oh come on we discuss this too often and we can't normalize it again where in the end the focus is on discussing bitcoin not crypto so that in the end the discussion does not widen again as it always does.

We also always discuss that in the end this does not refer to trading because in the end when talking about bitcoin it is clear that this will refer more to long-term investments with a duration of years even for some people here there are those who target 5 years, 10 years and even 20 years so that in the end we will not speculate too much about the market and the decline that occurs temporarily because indeed our goal is longer than that.
In addition, it does not mean to reduce risk because the risk of investing in bitcoin also exists and is even very large but if in the end the choice is long-term then we don't need to worry too much about the current market because after all when we have chosen in the long run then we realize that in the end the risk is still there but when talking about investment stability it will be much better than when we try to trade or just be in bitcoin in just a matter of days or months just because of the small profits that are thought of.

[Mayor of ogba]

I quiet agree with you because the fact is that DCA knows kind of investment plans doesn't work for shitcoins because some of these coins the growth rate over a given period is very low so in terms of bringing back value on investment is not there so applying DCA to such investment will be wast of time

Actually the DCA method is always suitable for buying any asset in terms of investment, but it will be more useful if the method is only used on assets or coins that have been proven to be good like Bitcoin so that the steps we take are really useful in the long run.

This is actually crazy in my own opinion because the way Bitcoin is structured, it is more better and more beneficial to hold for a very long time unlike all this  alit and shit coin that blossom for a very short while, and crash drastically later, so utilizing the DCA accumulating strategy on alt or shit coin is really a terrible idea too me because for you to use such a accumulation method, it shows that you are going long term, and holding alt or shit coin short term is very dangerous, talkless of holding for long term, it is really a terrible thing to do as an investor.
So it is best you backtrack on such idea of yours if you care for your hard earned money.

Applying DCA method to invest altcoins can be consider to be a big risk because this coins are not reliable,  just imagine you are accumulating a coin that you are not even sure what the future of the coin will be in the market. Bitcoin have good value and it is very okay to use DCA method to accumulate bitcoin. Their is no point using DCA method to invest altcoins because the value of altcoins can't be predicted. There are some investment that is good for bitcoin but very risky to apply same strategies on altcoins because they are not the same to bitcoin.  When it comes to investment it is just better to concentrate in bitcoin and never to lose focus to think of investing in Bitcoin because it can end up very bad.

You can choose gold as a real estate investment to diversify your investment. My first choice for investing in DCA is Bitcoin and I would like to invest in gold to diversify my investment. Both of these resources are eligible or trustworthy for DCA.

As a low coiner or someone who is new to bitcoin investment, your attention should not be on how you will diversify your investment when you have not yet accumulated the amount of bitcoin you want to hold for the long term. It is only when you have reached the fuck you stage on your bitcoin investment that you can diversify your investment if you want to, and it shouldn't be in gold; you can diversify in real estate or selling of commodities, which will give you more cash flow in the short term and put you in the position of solving your daily expenses without struggle and also allow you to hold your bitcoin for the long term. But for now your attention should only be on bitcoin investment and how you will accumulate the amount of bitcoin you want with the DCA strategy so that you will not be distracted. The DCA strategy is very much suitable for a newbie or low coiner like you because it will give you the opportunity to always accumulate bitcoin at any given price anytime your discretionary income is readily available, which will also give you the opportunity to keep increasing your bitcoin portfolio from time to time.

[rachael9385]

Investing in cryptocurrencies is in itself a high-risk, high-reward endeavour and hence should be approached with enough knowledge and caution although sometimes one can be unfortunate regardless of the amount of knowledge gained due to the upturn of events in the crypto market. In purchasing crypto currency depending on your goals (short-term term or long-term), for short-term that is buying when the market is low and selling when it later rises the risk involved is that the price may not rebound and hence continue to drop or remain stagnant thereby encountering losses while for long-term goal that is buying and holding regardless of the market trend the risk involved is that if the market experiences a prolonged downturn the value of the crypto might decrease significantly.  So in all there is risk in cryptocurrency investments whether long-term or short-term.

Are you talking about Bitcoin alone or including altcoins? 

First, you don't need much knowledge to get started on Bitcoin investment, because as long as you continue to invest daily or weekly with the DCA method, you will begin to gain more knowledge about Bitcoin investment. 

However, as a newbie to Bitcoin investment, you need to use the DCA method to invest, and you also need to invest for the long term before you will be able to make a good profit. I would not advise you to invest in altcoins because right now, I don't even know any altcoins that are worth investing in and am not into them. Actually, even if you want to go for it, you can't invest for a long term because you will definitely be at a loss in no time. 

Moreover, you also need to understand that the level of risk in altcoin investment is more than in Bitcoin investment. And you can't compare Bitcoin investment with altcoins, and if you say the word crypto, you include Bitcoin, so you have to understand that Bitcoin has more potential, and it can't be like altcoins.

[Odohu]

Investing in cryptocurrencies is in itself a high-risk, high-reward endeavour and hence should be approached with enough knowledge and caution although sometimes one can be unfortunate regardless of the amount of knowledge gained due to the upturn of events in the crypto market. In purchasing crypto currency depending on your goals (short-term term or long-term), for short-term that is buying when the market is low and selling when it later rises the risk involved is that the price may not rebound and hence continue to drop or remain stagnant thereby encountering losses while for long-term goal that is buying and holding regardless of the market trend the risk involved is that if the market experiences a prolonged downturn the value of the crypto might decrease significantly.  So in all there is risk in cryptocurrency investments whether long-term or short-term.

As a newbie, I understand why you chose the elaborate word "cryptocurrency" rather than simply using Bitcoin. I will guide you a little so you can feel at home in going about the whole thing the right way. This section of the forum is mainly for Bitcoin and how to go about investing and holding it. We prefer retaining that word "Bitcoin" which is what we are discussing and we don't care about the other numerous things that mimics Bitcoin and most often end up as shitcoins(shit in the sense that their value erode with time and often lead to people holding worthless asset).

Every investment has some elements of risk and so does life itself including our daily routine have risk so nothing is completely free from risk. Bitcoin investment have its own risk as well but you can never compare the risk in Bitcoin to the numerous shitcoins. Therefore, concentrate on building a Bitcoin portfolio that you can hold for a long time like 4-10 years and see how happy you will become doing that.

[ultrloa]

Investing in cryptocurrencies is in itself a high-risk, high-reward endeavour and hence should be approached with enough knowledge and caution although sometimes one can be unfortunate regardless of the amount of knowledge gained due to the upturn of events in the crypto market. In purchasing crypto currency depending on your goals (short-term term or long-term), for short-term that is buying when the market is low and selling when it later rises the risk involved is that the price may not rebound and hence continue to drop or remain stagnant thereby encountering losses while for long-term goal that is buying and holding regardless of the market trend the risk involved is that if the market experiences a prolonged downturn the value of the crypto might decrease significantly.  So in all there is risk in cryptocurrency investments whether long-term or short-term.

As a newbie, I understand why you chose the elaborate word "cryptocurrency" rather than simply using Bitcoin. I will guide you a little so you can feel at home in going about the whole thing the right way. This section of the forum is mainly for Bitcoin and how to go about investing and holding it. We prefer retaining that word "Bitcoin" which is what we are discussing and we don't care about the other numerous things that mimics Bitcoin and most often end up as shitcoins(shit in the sense that their value erode with time and often lead to people holding worthless asset).

Every investment has some elements of risk and so does life itself including our daily routine have risk so nothing is completely free from risk. Bitcoin investment have its own risk as well but you can never compare the risk in Bitcoin to the numerous shitcoins. Therefore, concentrate on building a Bitcoin portfolio that you can hold for a long time like 4-10 years and see how happy you will become doing that.

But he really need to differentiate the way how he call things so that there's no confusion will come on his side. If he always call Bitcoin as crypto then provably that he might get confused about other alts out there naming their self the next Bitcoin.

So to avoid having such impression better learn about those basic things also better read back the discussions of this thread since there's lots of things to learn since he's already here.

Bitcoin has its own risk but it doesn't have the same level of risk what those shitcoins could offer since there's huge chance that they would experience fast defeat especially if they are into trading. But if they are into holding for long term and set their investment intended for that 4 - 10 years time span then provably that they can get more better return with that set up.

[ginsan]

Long-term Bitcoin investments can indeed be seen as lower-risk, especially for those who are prepared and have solid backup plans in place. Holding Bitcoin for the long term has shown positive and successful results, the trend from its inception clearly shows significant growth potentials. The best out come of bitcoin investment with lesser risk lies when you accumulate and HODL for long . So many investors believe in its long term value , especially considering its historical performance. Its unique characteristics and potential for higher returns has attracted many investors especially how it price increased over the years. The future of bitcoin looks promising and with the growing acceptance as a digital assets.

Don't think like that, don't set points so firmly that you will be disappointed.

I say that because we don't know what will happen in the real world in the next 50 years.

So invest with money that is ready to be lost and the profit target is not calculated from the start or targeted from the start because that is not the best way to invest.

Don't expect bitcoin to change your life 100%. That's wrong, my friend.

But with the investment you make, you have hope and not certainty, So invest wisely with money that is ready to be lost.

just to straighten out your opinion, Because I invest with a budget of 15% and for me where I am not disappointed if something happens. But we still hope that this industry will continue to advance for hundreds of years to come.

[Princess Leah]

~

Don't think like that, don't set points so firmly that you will be disappointed.

I say that because we don't know what will happen in the real world in the next 50 years.

So invest with money that is ready to be lost and the profit target is not calculated from the start or targeted from the start because that is not the best way to invest.

Don't expect bitcoin to change your life 100%. That's wrong, my friend.

But with the investment you make, you have hope and not certainty, So invest wisely with money that is ready to be lost.

just to straighten out your opinion, Because I invest with a budget of 15% and for me where I am not disappointed if something happens. But we still hope that this industry will continue to advance for hundreds of years to come.

I get your points though but my thoughts are that the future of Bitcoin is very bright, the last 15 years of it's existence has thought me so, i believe that it has lots to offer in the future, yes no one knows what the situation is going to be like in the next 50 years, most of us might not even be alive till that period but for the time being it would be very wise to own as much as possible of this digital gold.

 Those who failed to gather much Bitcoin in the past 5 to 10 years would be very disappointed and wonder why they didn't buy more and hold, i bet that they had that mindset of the possibility of being disappointed in future so they bought few qauntity and got shocked currently. Bitcoin is not some gambling that you invest with money you can easily lose so my advise for those who got the purchasing power is to be very agressive in buying Bitcoin against the future, you need not to worry concerning what the future has to offer cause it's bright with Bitcoin.

[JayJuanGee]

[edited out]

I get your points though but my thoughts are that the future of Bitcoin is very bright, the last 15 years of it's existence has thought me so, i believe that it has lots to offer in the future, yes no one knows what the situation is going to be like in the next 50 years, most of us might not even be alive till that period but for the time being it would be very wise to own as much as possible of this digital gold.

 Those who failed to gather much Bitcoin in the past 5 to 10 years would be very disappointed and wonder why they didn't buy more and hold, i bet that they had that mindset of the possibility of being disappointed in future so they bought few qauntity and got shocked currently. Bitcoin is not some gambling that you invest with money you can easily lose so my advise for those who got the purchasing power is to be very agressive in buying Bitcoin against the future, you need not to worry concerning what the future has to offer cause it's bright with Bitcoin.

You are a little all over the place with your talking points Princess Leah... It is like you are lacking focus.

If you might be attempting to think more concretely, then surely how many BTC were you able to accumulate in the past 5-10 years, and if you are still feeling like you don't have enough BTC, then you would focusing on gathering more BTC for the next 5-10 years, especially since we cannot turn back the clock. 

Another thing about your speculation about what might happen with BTC in the next 50 years.. sure no problem, but that happens to be way the fuck out there, and yeah a lot of things could happen to bitcoin, and maybe we need some ballpark ideas where we think bitcoin might go in 50 years, yet that hardly makes too much sense  as compared to focusing more specifically where are we at now, and what might we be doing and/or planning to do within more immediate time frames, such as 5-10 years as you mentioned... and without getting overly distracted about what happened in the past 5-10 years, except for our need to assess where we are at.. but it is not like we can go back an do-over any of the places where we might have fucked up in the past 5-10 years - except maybe learning how to improve upon areas in which we might have had made some mistakes...and if we continue to be lacking in focus in regards to what to do now, then that is likely not going to be very helpful in regards to helping us to sufficiently adequately progress to where we might want to be rather than where we wished we would have had gotten.

[bitzizzix]

[edited out]

I get your points though but my thoughts are that the future of Bitcoin is very bright, the last 15 years of it's existence has thought me so, i believe that it has lots to offer in the future, yes no one knows what the situation is going to be like in the next 50 years, most of us might not even be alive till that period but for the time being it would be very wise to own as much as possible of this digital gold.

 Those who failed to gather much Bitcoin in the past 5 to 10 years would be very disappointed and wonder why they didn't buy more and hold, i bet that they had that mindset of the possibility of being disappointed in future so they bought few qauntity and got shocked currently. Bitcoin is not some gambling that you invest with money you can easily lose so my advise for those who got the purchasing power is to be very agressive in buying Bitcoin against the future, you need not to worry concerning what the future has to offer cause it's bright with Bitcoin.

You are a little all over the place with your talking points Princess Leah... It is like you are lacking focus.

If you might be attempting to think more concretely, then surely how many BTC were you able to accumulate in the past 5-10 years, and if you are still feeling like you don't have enough BTC, then you would focusing on gathering more BTC for the next 5-10 years, especially since we cannot turn back the clock. 

Another thing about your speculation about what might happen with BTC in the next 50 years.. sure no problem, but that happens to be way the fuck out there, and yeah a lot of things could happen to bitcoin, and maybe we need some ballpark ideas where we think bitcoin might go in 50 years, yet that hardly makes too much sense  as compared to focusing more specifically where are we at now, and what might we be doing and/or planning to do within more immediate time frames, such as 5-10 years as you mentioned... and without getting overly distracted about what happened in the past 5-10 years, except for our need to assess where we are at.. but it is not like we can go back an do-over any of the places where we might have fucked up in the past 5-10 years - except maybe learning how to improve upon areas in which we might have had made some mistakes...and if we continue to be lacking in focus in regards to what to do now, then that is likely not going to be very helpful in regards to helping us to sufficiently adequately progress to where we might want to be rather than where we wished we would have had gotten.

I think 5-10 years is a good and ideal choice because we go through two cycles where the Bitcoin cycle will experience the highest price changes and if we look at the previous trajectory every Bitcoin cycle always creates a new high and Bitcoin always creates a predictable bullish cycle every time there is a halving, so maybe in 5 years we will get good profits, but in the next 10 years we will get much better profits so I think both will make profits but the profits are different.

And I think it will never fail if you do it for the long term, I mean if for 5 years we fail to get good profits then you have to correct your mistakes and fix them because there will be opportunities in 10 years and so on to be able to make profits, but in reality every cycle that occurs Bitcoin always creates its highest price and it is certain that if you do it before 5 years you will definitely get profits and the profits you can get depend on how much Bitcoin you have because this is also something you should think about to always buy Bitcoin periodically so that your Bitcoin accumulates and becomes big in the long term.

And I won't comment on Bitcoin for the next 50 years, because I can only make the most of this opportunity while I'm alive and involved with Bitcoin. That's impossible and we'll never know what will happen, because Bitcoin can survive and be much better or vice versa and there may be a replacement as technology continues to develop.

[philipma1957]

[edited out]

I get your points though but my thoughts are that the future of Bitcoin is very bright, the last 15 years of it's existence has thought me so, i believe that it has lots to offer in the future, yes no one knows what the situation is going to be like in the next 50 years, most of us might not even be alive till that period but for the time being it would be very wise to own as much as possible of this digital gold.

 Those who failed to gather much Bitcoin in the past 5 to 10 years would be very disappointed and wonder why they didn't buy more and hold, i bet that they had that mindset of the possibility of being disappointed in future so they bought few qauntity and got shocked currently. Bitcoin is not some gambling that you invest with money you can easily lose so my advise for those who got the purchasing power is to be very agressive in buying Bitcoin against the future, you need not to worry concerning what the future has to offer cause it's bright with Bitcoin.

You are a little all over the place with your talking points Princess Leah... It is like you are lacking focus.

If you might be attempting to think more concretely, then surely how many BTC were you able to accumulate in the past 5-10 years, and if you are still feeling like you don't have enough BTC, then you would focusing on gathering more BTC for the next 5-10 years, especially since we cannot turn back the clock. 

Another thing about your speculation about what might happen with BTC in the next 50 years.. sure no problem, but that happens to be way the fuck out there, and yeah a lot of things could happen to bitcoin, and maybe we need some ballpark ideas where we think bitcoin might go in 50 years, yet that hardly makes too much sense  as compared to focusing more specifically where are we at now, and what might we be doing and/or planning to do within more immediate time frames, such as 5-10 years as you mentioned... and without getting overly distracted about what happened in the past 5-10 years, except for our need to assess where we are at.. but it is not like we can go back an do-over any of the places where we might have fucked up in the past 5-10 years - except maybe learning how to improve upon areas in which we might have had made some mistakes...and if we continue to be lacking in focus in regards to what to do now, then that is likely not going to be very helpful in regards to helping us to sufficiently adequately progress to where we might want to be rather than where we wished we would have had gotten.

Time matters.

If you are 68 holding for ten years is not appealing,

If you are 38 hodl for 10 years is pretty much a must.

Under 38 hodl longer.

the gray areas are 38 to 68.

[JayJuanGee]

[edited out]

I get your points though but my thoughts are that the future of Bitcoin is very bright, the last 15 years of it's existence has thought me so, i believe that it has lots to offer in the future, yes no one knows what the situation is going to be like in the next 50 years, most of us might not even be alive till that period but for the time being it would be very wise to own as much as possible of this digital gold.

 Those who failed to gather much Bitcoin in the past 5 to 10 years would be very disappointed and wonder why they didn't buy more and hold, i bet that they had that mindset of the possibility of being disappointed in future so they bought few qauntity and got shocked currently. Bitcoin is not some gambling that you invest with money you can easily lose so my advise for those who got the purchasing power is to be very agressive in buying Bitcoin against the future, you need not to worry concerning what the future has to offer cause it's bright with Bitcoin.

You are a little all over the place with your talking points Princess Leah... It is like you are lacking focus.

If you might be attempting to think more concretely, then surely how many BTC were you able to accumulate in the past 5-10 years, and if you are still feeling like you don't have enough BTC, then you would focusing on gathering more BTC for the next 5-10 years, especially since we cannot turn back the clock. 

Another thing about your speculation about what might happen with BTC in the next 50 years.. sure no problem, but that happens to be way the fuck out there, and yeah a lot of things could happen to bitcoin, and maybe we need some ballpark ideas where we think bitcoin might go in 50 years, yet that hardly makes too much sense  as compared to focusing more specifically where are we at now, and what might we be doing and/or planning to do within more immediate time frames, such as 5-10 years as you mentioned... and without getting overly distracted about what happened in the past 5-10 years, except for our need to assess where we are at.. but it is not like we can go back an do-over any of the places where we might have fucked up in the past 5-10 years - except maybe learning how to improve upon areas in which we might have had made some mistakes...and if we continue to be lacking in focus in regards to what to do now, then that is likely not going to be very helpful in regards to helping us to sufficiently adequately progress to where we might want to be rather than where we wished we would have had gotten.

I think 5-10 years is a good and ideal choice because we go through two cycles where the Bitcoin cycle will experience the highest price changes and if we look at the previous trajectory every Bitcoin cycle always creates a new high and Bitcoin always creates a predictable bullish cycle every time there is a halving, so maybe in 5 years we will get good profits, but in the next 10 years we will get much better profits so I think both will make profits but the profits are different.

Yeah, but what kind of person are you talking about?  I doubt that you can just proclaim, "we should do this," without attempting to describe some particulars about how long has the person been in bitcoin and how many bitcoin has he already accumulated at the beginning of the 5-10 years.

To me, it sounds like you are talking about buying some bitcoin and just waiting 5-10 years in order to cash out.

You have a trader way of framing how you are wanting to deal with your BTC.

You buy some bitcoin and then you cash out.  What you going to buy with your bitcoin when you cash out?  Does that mean you are done with bitcoin?

Maybe you need to reconsider how you are framing this whole bitcoin matter and what are you planning to do once you get to where you want to be.

What about your own situation? If you have been in bitcoin since your forum registration date, then you could well have a whole two cycles of accumulating bitcoin, since you are coming upon your eighth year anniversary on the forum.. So, even  if you are talking like a trader, maybe you have already established a good stash, unless you have been fucking around trying to trade bitcoin for the past 8 years, then what?  Then you might have to learn how to transition from a trader's mind-set into an investors mindset so you learn how to both think about bitcoin and talk about bitcoin, since you surely are not coming off as someone with an investor's mindset to me.

And I think it will never fail if you do it for the long term, I mean if for 5 years we fail to get good profits then you have to correct your mistakes and fix them because there will be opportunities in 10 years and so on to be able to make profits, but in reality every cycle that occurs Bitcoin always creates its highest price and it is certain that if you do it before 5 years you will definitely get profits and the profits you can get depend on how much Bitcoin you have because this is also something you should think about to always buy Bitcoin periodically so that your Bitcoin accumulates and becomes big in the long term.

These are not necessarily bad ideas, since surely after a whole cycle there is likely a certain amount of BTC price performance, and even if a guy mind spend a lot of time accumulating bitcoin in his first cycle, then he may well end up with a lot more options after the second cycle, so yeah, I can agree with those kinds of ideas... but still your talking about profits seems like such a trader way of framing matters, and I doubt that it is helpful or realistic to be framing matters like that.

Ok.. sure the bitcoin that we accumulated the earliest in our bitcoin journey are likely way more profitable than the bitcoin that we accumulated later in our bitcoin journey, yet even with myself, I went back and looked at some of my old records, and it sometimes becomes a bit difficult to measure how much I spent and how many bitcoin I got for that money, so then it might be more difficult to know some of the specifics as compared to having some better ideas about how many bitcoin you currently have, and whether how many you have is enough to accomplish what you might want to accomplish.. such as if you were to start to withdraw them from time to time, you might not give so many shits about how much they are in profits or not in profits, but instead you might become more concerned about do you have enough bitcoin to start to spend from your stash because I would presume that if you are spending from your BTC stash, then you are either presuming that you have enough or that you have more than enough, and you are selling portions of your stash that are more than enough.

How would you be motivated by your assessments of your profits if you are thinking about do you have enough BTC and can you start to spend from your stash?  We are going to presume that you are in profits if you are starting to sell some of them, no?

And I won't comment on Bitcoin for the next 50 years, because I can only make the most of this opportunity while I'm alive and involved with Bitcoin. That's impossible and we'll never know what will happen, because Bitcoin can survive and be much better or vice versa and there may be a replacement as technology continues to develop.

It does start to become a bit abstract to be looking out 50 years from now, yet I think on a general basis we might continue to consider that bitcoin will continue to appreciate in value, yet maybe if we are older than 30 years old then it surely might be questionable whether we might be alive at that time, but if we are planning to retire soon, and if we are in our lower 30s, then we might want to consider if our bitcoin stash is going to last potentially for 50 years or so, so we might want any cashing out plan to be sustainable in a kind of perpetual way.

[edited out]

I get your points though but my thoughts are that the future of Bitcoin is very bright, the last 15 years of it's existence has thought me so, i believe that it has lots to offer in the future, yes no one knows what the situation is going to be like in the next 50 years, most of us might not even be alive till that period but for the time being it would be very wise to own as much as possible of this digital gold.

 Those who failed to gather much Bitcoin in the past 5 to 10 years would be very disappointed and wonder why they didn't buy more and hold, i bet that they had that mindset of the possibility of being disappointed in future so they bought few qauntity and got shocked currently. Bitcoin is not some gambling that you invest with money you can easily lose so my advise for those who got the purchasing power is to be very agressive in buying Bitcoin against the future, you need not to worry concerning what the future has to offer cause it's bright with Bitcoin.

You are a little all over the place with your talking points Princess Leah... It is like you are lacking focus.

If you might be attempting to think more concretely, then surely how many BTC were you able to accumulate in the past 5-10 years, and if you are still feeling like you don't have enough BTC, then you would focusing on gathering more BTC for the next 5-10 years, especially since we cannot turn back the clock. 

Another thing about your speculation about what might happen with BTC in the next 50 years.. sure no problem, but that happens to be way the fuck out there, and yeah a lot of things could happen to bitcoin, and maybe we need some ballpark ideas where we think bitcoin might go in 50 years, yet that hardly makes too much sense  as compared to focusing more specifically where are we at now, and what might we be doing and/or planning to do within more immediate time frames, such as 5-10 years as you mentioned... and without getting overly distracted about what happened in the past 5-10 years, except for our need to assess where we are at.. but it is not like we can go back an do-over any of the places where we might have fucked up in the past 5-10 years - except maybe learning how to improve upon areas in which we might have had made some mistakes...and if we continue to be lacking in focus in regards to what to do now, then that is likely not going to be very helpful in regards to helping us to sufficiently adequately progress to where we might want to be rather than where we wished we would have had gotten.

Time matters.
If you are 68 holding for ten years is not appealing,

If you are 38 hodl for 10 years is pretty much a must.
Under 38 hodl longer.

the gray areas are 38 to 68.

It seems that my post was trying to deal with the seeming scattered nature of Princess Leah's post, since of course, if we might get to a point that we might plan to start to live off of our investment, then surely the younger that we are, then the more perpetually sustainable that we would want our cashing out (or withdrawal) strategy to be.  If we are still adding to our bitcoin and we have a full time income/job then the timeline seems to be less relevant, except maybe if we might be thinking about what we might do in the future in regards to how many years that we might have left, if  we are planning to live off our bitcoin or to supplement our income with our bitcoin.  there is all kinds of variance, and of course, Princess Leah was not really describing any kind of a specific reason to be talking about what bitcoin might do in the next 5-10 years versus in the next 50 years versus in the past 5-10 years... so from my perspective, I was having trouble with whatever point (if any?) was attempting to be made.

[Wind_FURY]

[edited out]

I get your points though but my thoughts are that the future of Bitcoin is very bright, the last 15 years of it's existence has thought me so, i believe that it has lots to offer in the future, yes no one knows what the situation is going to be like in the next 50 years, most of us might not even be alive till that period but for the time being it would be very wise to own as much as possible of this digital gold.

 Those who failed to gather much Bitcoin in the past 5 to 10 years would be very disappointed and wonder why they didn't buy more and hold, i bet that they had that mindset of the possibility of being disappointed in future so they bought few qauntity and got shocked currently. Bitcoin is not some gambling that you invest with money you can easily lose so my advise for those who got the purchasing power is to be very agressive in buying Bitcoin against the future, you need not to worry concerning what the future has to offer cause it's bright with Bitcoin.

You are a little all over the place with your talking points Princess Leah... It is like you are lacking focus.

If you might be attempting to think more concretely, then surely how many BTC were you able to accumulate in the past 5-10 years, and if you are still feeling like you don't have enough BTC, then you would focusing on gathering more BTC for the next 5-10 years, especially since we cannot turn back the clock. 

Another thing about your speculation about what might happen with BTC in the next 50 years.. sure no problem, but that happens to be way the fuck out there, and yeah a lot of things could happen to bitcoin, and maybe we need some ballpark ideas where we think bitcoin might go in 50 years, yet that hardly makes too much sense  as compared to focusing more specifically where are we at now, and what might we be doing and/or planning to do within more immediate time frames, such as 5-10 years as you mentioned... and without getting overly distracted about what happened in the past 5-10 years, except for our need to assess where we are at.. but it is not like we can go back an do-over any of the places where we might have fucked up in the past 5-10 years - except maybe learning how to improve upon areas in which we might have had made some mistakes...and if we continue to be lacking in focus in regards to what to do now, then that is likely not going to be very helpful in regards to helping us to sufficiently adequately progress to where we might want to be rather than where we wished we would have had gotten.

Time matters.

If you are 68 holding for ten years is not appealing,

If you are 38 hodl for 10 years is pretty much a must.

Under 38 hodl longer.

the gray areas are 38 to 68.

To be very honest, I never actually considered that there are people in BitcoinTalk who might actually be 60 years old or older. I have always made the, obviously wrong, presumption that we, or most of us, are under 40 years old. 👀

Pardon me sers, if I offended the people who are actually older than 60 and have posted their viewpoints about selling their Bitcoin. I have always preached HODL, but for our older community members, they should probably enjoy the gains of their time of HODL. You deserve it.

 👍

[Barikui1]

[edited out]

I get your points though but my thoughts are that the future of Bitcoin is very bright, the last 15 years of it's existence has thought me so, i believe that it has lots to offer in the future, yes no one knows what the situation is going to be like in the next 50 years, most of us might not even be alive till that period but for the time being it would be very wise to own as much as possible of this digital gold.

 Those who failed to gather much Bitcoin in the past 5 to 10 years would be very disappointed and wonder why they didn't buy more and hold, i bet that they had that mindset of the possibility of being disappointed in future so they bought few qauntity and got shocked currently. Bitcoin is not some gambling that you invest with money you can easily lose so my advise for those who got the purchasing power is to be very agressive in buying Bitcoin against the future, you need not to worry concerning what the future has to offer cause it's bright with Bitcoin.

You are a little all over the place with your talking points Princess Leah... It is like you are lacking focus.

If you might be attempting to think more concretely, then surely how many BTC were you able to accumulate in the past 5-10 years, and if you are still feeling like you don't have enough BTC, then you would focusing on gathering more BTC for the next 5-10 years, especially since we cannot turn back the clock. 

Another thing about your speculation about what might happen with BTC in the next 50 years.. sure no problem, but that happens to be way the fuck out there, and yeah a lot of things could happen to bitcoin, and maybe we need some ballpark ideas where we think bitcoin might go in 50 years, yet that hardly makes too much sense  as compared to focusing more specifically where are we at now, and what might we be doing and/or planning to do within more immediate time frames, such as 5-10 years as you mentioned... and without getting overly distracted about what happened in the past 5-10 years, except for our need to assess where we are at.. but it is not like we can go back an do-over any of the places where we might have fucked up in the past 5-10 years - except maybe learning how to improve upon areas in which we might have had made some mistakes...and if we continue to be lacking in focus in regards to what to do now, then that is likely not going to be very helpful in regards to helping us to sufficiently adequately progress to where we might want to be rather than where we wished we would have had gotten.

I think 5-10 years is a good and ideal choice because we go through two cycles where the Bitcoin cycle will experience the highest price changes and if we look at the previous trajectory every Bitcoin cycle always creates a new high and Bitcoin always creates a predictable bullish cycle every time there is a halving, so maybe in 5 years we will get good profits, but in the next 10 years we will get much better profits so I think both will make profits but the profits are different.

In my own perspective, it's not about Bitcoin cycle of a thing, though I started accumulating Bitcoin early last year when it was below 40k, and I have come to understand that the more you hold, like timeframe, the higher the chances of making more money from your holdings, so my actual plan is holding for the next ten years first, as long as their is life, then after that, I will have to do a review on Bitcoin, on how far it can still go, but if it's no where near it peak price then, their is no point thinking of selling part of my gains if it's not at the peak.

So if it hasn't gotten to that point I feel like the volatility of Bitcoin has reduced drastically due to it stability in the market and how far it has grown, selling is never an option, because it would be very obvious for everyone to see that it has gotten to it peak when the time comes, and the way gold price has less volatility, that's how Bitcoin will be when it has gotten to it peak, so till then, their is no point thinking or even entertain the idea of selling.

[Tungbulu]

These are not necessarily bad ideas, since surely after a whole cycle there is likely a certain amount of BTC price performance, and even if a guy mind spend a lot of time accumulating bitcoin in his first cycle, then he may well end up with a lot more options after the second cycle, so yeah, I can agree with those kinds of ideas... but still your talking about profits seems like such a trader way of framing matters, and I doubt that it is helpful or realistic to be framing matters like that.

Ok.. sure the bitcoin that we accumulated the earliest in our bitcoin journey are likely way more profitable than the bitcoin that we accumulated later in our bitcoin journey, yet even with myself, I went back and looked at some of my old records, and it sometimes becomes a bit difficult to measure how much I spent and how many bitcoin I got for that money, so then it might be more difficult to know some of the specifics as compared to having some better ideas about how many bitcoin you currently have, and whether how many you have is enough to accomplish what you might want to accomplish.. such as if you were to start to withdraw them from time to time, you might not give so many shits about how much they are in profits or not in profits, but instead you might become more concerned about do you have enough bitcoin to start to spend from your stash because I would presume that if you are spending from your BTC stash, then you are either presuming that you have enough or that you have more than enough, and you are selling portions of your stash that are more than enough.

How would you be motivated by your assessments of your profits if you are thinking about do you have enough BTC and can you start to spend from your stash?  We are going to presume that you are in profits if you are starting to sell some of them, no?

I’m also very much of the opinion that focusing more on profits when investing in Bitcoin can be considered to be more of a trader perspective and this is a very flawed and unrealistic way to approach our Bitcoin holdings, I’m solidly with you on that assertion.

Whenever an investor begins to consider using or selling some chunks from their BTC stash, the focus should be less about the profits and more about whether they have enough to cover or actualize what they want. It’s more of a shift in the mindset from “how much can I really make” to “do I really have enough to cover my needs?” So yes, if an investor decides to sell some BTC from their stash, then that should be because they feel that they’ve got enough BTC or more than enough to actually cover their needs, and so the profit aspect becomes less of a concern to the investor.

Those who are more concerned about the profit aspect are those who are actively trading their coins or who attempt to time the market, but when you’re an investor, the focus changes from that to using your Bitcoin for an actual purpose, that’s an investor’s mindset.

[DubemIfedigbo001]

[edited out]

I get your points though but my thoughts are that the future of Bitcoin is very bright, the last 15 years of it's existence has thought me so, i believe that it has lots to offer in the future, yes no one knows what the situation is going to be like in the next 50 years, most of us might not even be alive till that period but for the time being it would be very wise to own as much as possible of this digital gold.

 Those who failed to gather much Bitcoin in the past 5 to 10 years would be very disappointed and wonder why they didn't buy more and hold, i bet that they had that mindset of the possibility of being disappointed in future so they bought few qauntity and got shocked currently. Bitcoin is not some gambling that you invest with money you can easily lose so my advise for those who got the purchasing power is to be very agressive in buying Bitcoin against the future, you need not to worry concerning what the future has to offer cause it's bright with Bitcoin.

You are a little all over the place with your talking points Princess Leah... It is like you are lacking focus.

If you might be attempting to think more concretely, then surely how many BTC were you able to accumulate in the past 5-10 years, and if you are still feeling like you don't have enough BTC, then you would focusing on gathering more BTC for the next 5-10 years, especially since we cannot turn back the clock. 

Another thing about your speculation about what might happen with BTC in the next 50 years.. sure no problem, but that happens to be way the fuck out there, and yeah a lot of things could happen to bitcoin, and maybe we need some ballpark ideas where we think bitcoin might go in 50 years, yet that hardly makes too much sense  as compared to focusing more specifically where are we at now, and what might we be doing and/or planning to do within more immediate time frames, such as 5-10 years as you mentioned... and without getting overly distracted about what happened in the past 5-10 years, except for our need to assess where we are at.. but it is not like we can go back an do-over any of the places where we might have fucked up in the past 5-10 years - except maybe learning how to improve upon areas in which we might have had made some mistakes...and if we continue to be lacking in focus in regards to what to do now, then that is likely not going to be very helpful in regards to helping us to sufficiently adequately progress to where we might want to be rather than where we wished we would have had gotten.

Time matters.

If you are 68 holding for ten years is not appealing,

If you are 38 hodl for 10 years is pretty much a must.

Under 38 hodl longer.

the gray areas are 38 to 68.

To be very honest, I never actually considered that there are people in BitcoinTalk who might actually be 60 years old or older. I have always made the, obviously wrong, presumption that we, or most of us, are under 40 years old. 👀

Pardon me sers, if I offended the people who are actually older than 60 and have posted their viewpoints about selling their Bitcoin. I have always preached HODL, but for our older community members, they should probably enjoy the gains of their time of HODL. You deserve it.

 👍

Yeah, they can enjoy it as much as they want, but it's still wise they don't end their holding in their times, some pretty good lessons and wealth could be passed down to their younger generation and with adequate coaching, the holding continues and part of their investment lives on even when they're gone. They would see him as a practical role model and follow suit.

I still believe Bitcoin is an asset and as such is something valuable worthy of being inherited by family members and with properly passing down the investment mindset to his family and after allocating various quantities to different members, their now individual portfolios continues texpanding and would create more investors from himself.