Buy the DIP, and HODL!

[Gallar]

[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.

 👍

It is true, for people over 60 years old, it is inappropriate to hold Bitcoin for more than 10 years. Maybe a realistic or ideal investment time for someone that age, might only last 4 years. This assumption can be concluded from the point of view if you want to still be able to enjoy the results of your bitcoin investment.

However, for example, someone aged 60 years or over and for example has a lot of money, then that person does not really care about whether he can enjoy the results of his investment. I don't think it matters if the person invested in bitcoin for more than 10 years. Because even if the person dies, there are still children who can enjoy the results of the bitcoin investment made by that person.

However, for bitcoin investors under 40 years old, I also agree that holding for a long period of time is a very appropriate choice. Because the potential of bitcoin is still very large, perhaps at the current price of bitcoin, it could be said that it is still not 10 percent of the total potential that bitcoin has. For this reason, investing in bitcoin and holding it for the long term is the right choice to make. The most important thing is that we invest using cold money and not the proceeds from borrowed money.

[Futurexxx]

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.

It's very true that at the end of the day, it's all about the money, but I totally agree on what you said here that focusing too on profit making when investing in Bitcoin is a major distraction that might warrant you to sell due to temptation of profit making opportunity, so it's best pay less attention to the performance of Bitcoin in the market and focus more on accumulating more stash of Bitcoin since it hasn't gotten to that goal of holding for like 10 to 20 years time from now, because as a Bitcoin investor, if you pay too much attention to the value of Bitcoin, the profit you may have made already will definitely tempt you to sell off at some point, so even though profit making is one of the actual goal of holding Bitcoin, it shouldn't be something you pay much attention to, if not you will sell when you out not to.

[Justbillywitt]

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

Please let's be guided and try as much as possible so we don't deviate from the topic of this thread. Also letting you know that there are terminologies that are highly unacceptable in this threads. Not that those terminologies are not valid in other threads, but in this place we prefer calling bitcoin for bitcoin, rather than generalising it as crypto. So while you are here and making posts here, it is important to adhere to the usage of the word bitcoin rather than using crypto. Since the discussion here is basically bitcoin, that's why we prefer using the word bitcoin. Because the moment you start calling crypto someone can induce another meaning into it and this can be misleading. So when you call bitcoin for bitcoin, there is no way someone can be led astray because there is only one bitcoin out there, but thousands of cryptocurrencies. So for the purpose of clarification and being specific, let's maintain the name bitcoin in this place.

[sotelorene]

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.

It's very true that at the end of the day, it's all about the money, but I totally agree on what you said here that focusing too on profit making when investing in Bitcoin is a major distraction that might warrant you to sell due to temptation of profit making opportunity, so it's best pay less attention to the performance of Bitcoin in the market and focus more on accumulating more stash of Bitcoin since it hasn't gotten to that goal of holding for like 10 to 20 years time from now, because as a Bitcoin investor, if you pay too much attention to the value of Bitcoin, the profit you may have made already will definitely tempt you to sell off at some point, so even though profit making is one of the actual goal of holding Bitcoin, it shouldn't be something you pay much attention to, if not you will sell when you out not to.

You are actually correct, too much attention on profit in bitcoin investment can really have a negative effect in our investment or holding though the objective of this our investment is to make out something tangible in return that is if we are able to hold for a given period of time that is holding for a long..., and that is the reason why we should use money that will not affect or have a negative effect on us while investing in bitcoin even though something went wrong but it will be rare to see something go wrong in bitcoin but the only thing that can only happen is the high volatility of the market (variation or fluctuation) and when we use this kind of money to invest you wont give a shit about your investment because it is something you have made up your mind that even if you lose it you do not give a fuck but i think while some investors give a shit about or pay too much attention to the profit is that they invested what they can not let go and some people are just short term investor which is not different from a trader.

[retreat]

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.

And that's why you need to read more when you want to dive into a topic of discussion. What is discussed in this thread is about Bitcoin, we are not here to discuss shitcoins or anything outside of Bitcoin. And also what you said is too simple in terms of investment and I feel that there are already many people who say things like this. If you want to get involved/are already involved in Bitcoin investment, you should leave your mindset and read more of the right tips in this thread.

[cryptoWODL]

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.

It's very true that at the end of the day, it's all about the money, but I totally agree on what you said here that focusing too on profit making when investing in Bitcoin is a major distraction that might warrant you to sell due to temptation of profit making opportunity, so it's best pay less attention to the performance of Bitcoin in the market and focus more on accumulating more stash of Bitcoin since it hasn't gotten to that goal of holding for like 10 to 20 years time from now, because as a Bitcoin investor, if you pay too much attention to the value of Bitcoin, the profit you may have made already will definitely tempt you to sell off at some point, so even though profit making is one of the actual goal of holding Bitcoin, it shouldn't be something you pay much attention to, if not you will sell when you out not to.

Each investor may have different goals and different plans, but those who are willing to sell a small portion of their investment when the market price of Bitcoin rises is never the sign of an experienced investor. One of the important points that we need to learn at the initial stage before investing in bitcoins is to hold the investment for a long time i.e. hold the investment for a long time with patience. This means that you have to be patient whether the price of Bitcoin goes up or the price of Bitcoin goes down.

We need to set a fixed time frame for our investment at least 8-10 years and aim to buy bitcoins regularly and grow the investment portfolio. The goal of all of us who invest in Bitcoin should be to purchase Bitcoin regularly and You have to be patient in any market situation and hold your investments for a long time.

[JayJuanGee]

[edited out]

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. 👍

Holy shit... how lame can you get?  Of course, there are all ages here, and there are some guys coming to the forum who are still living with their parents, so they are trying to figure out the idea of actually having monthly expenses... there are also guys coming into bitcoin, yet based on age and/or health considerations, they might not be sure if they are reasonably able to invest into bitcoin since they might not be sure if they can commit for at least 4 years, which surely I would consider to be trading rather than investing, and I don't recommend it, even though sure people can do what they like, and of course, sometimes trading could be a position size kind of matter that people can still choose to do without jeopardizing their overall investment portfolio.. .. yet they still might limit their trading/gambling to very small parts of their monies.. but still not something that I recommend or wanting to discuss, especially in a thread like this that seems to also be attempting to emphasize investing rather than trading... which even you seem to ongoingly reinforce (even though you come off as quasi-retarded, presumptuous and unnecessarily argumentative sometimes) when you are emphasizing the HODL part.

[edited out]

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.

bitcoin is designed to pump forever, so I doubt that "we" will be anywhere close to maturity or peaking in 10-ish or 20-ish years.   Sure, if bitcoin starts to get to being around 1,000x gold or if the addressable market starts to seem like it is getting absorbed into bitcoin.. then sure we might start to consider bitcoin becoming closer to a mature asset.. maybe it could happen quickly, but I am thinking that it could take 50-200 years to start to get to those kinds of feelings of maturity (or peak as you label it.. but even the term peak is a bit problematic, presumptuous and seems to be categorizing bitcoin as if it were some kind of a stock that would be limited instead of it being a protocol that has way more room for expansion and to even find use cases beyond our current imagination). 

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.

Yep.. it is kind of funny how some of these discussions play out, and so in the last couple of days I was arguing about how much BTC can way out perform expectations, so it is not like I have been giving too many shits about whether I am in profits or not and/or exact measurements about how well bitcoin has done relative to other investments, but still sometimes those kinds of estimations become a point of interest and even an overall bitcoin discussion point. 

A couple of years ago (I think it was largely in 2021), I recall so frequently criticizing a large number of folks who seemed to have had been parroting Saylor's assertion that bitcoin has doubled every year, and so was projecting it to continue to double every year and ongoing nonsense like that.  I kept proclaiming those claims to be exaggerating and even estimating my returns to be in the ballpark of 75% per year.. more or less. and that I also had expected 75% per year to not be sustainable, and so that it would likely continue to come down, yet I was not really sure about how much, but that claims of doubling every year were close to pure bullshit, even if there are actual cases of it happening in reality (in the wild).

So then yesterday I was going back through some of my numbers and trying to figure out some of the particulars, and I sometimes want to describe some of my particulars, but then sometimes I can hardly give any shits, yet sometimes when I go back and look, I can consider another way of framing the matter or another way of thinking about it, but then I also might even recognize that my memory of my own history might not be very accurate.  How much did I invest, and were those investments new money or was some of that coming from sales and then buying back?  So it can sometimes be unclear.  I still think that the data largely supports that I mostly got into bitcoin  within a year, and then continued to add for another year, but then there is some evidence that I might have continued to add a bit after that... so then if I am still adding to my position, then how can we accurately measure the CAGR?. .

I found an online [urlhttps://www.investor.gov/financial-tools-calculators/calculators/compound-interest-calculator]compound interest calculator[/url]^** and I plugged in some variations of my numbers. 
Initially I was trying to see how 75% annualized worked out, and it was giving me numbers that were larger than my current holdings, so then I thought that I would rather error on the side of conservative proclamations about my "profit" levels rather than exaggerations, even though it can be a bit of a BIG SO WHAT?

**By the way, I recognize that I am not receiving interest on my bitcoin yet the compound interest calculator still can give some ideas about projecting compounding value into the future, even if interest is not being earned on the BTC

I can get 75% to work, even with putting different numbers, in there, and so I was kind of thinking that if I start my investment calculation period from late 2013, then that would slightly over 11 years, but then if I considered that the first year was a year in which I was mostly just building up the investment, so it did not matter how much it was appreciating since presumptively in the beginning of the year the numbers were too small to matter, yet by the end of the year the amount started to get to a BIG enough size to matter, which kind of was my factual case.  So them when I started to presume a kind of initial investment period that was not very important, then largely I could plug in my amount for 10 years, and then use a 10-year compounding interest rate rather than a 11 year compounding interest rate, and when I did that, I found that 60% worked better than 75%, even though I could still get 75% to work.. and so currently, I am starting to consider that maybe it would be better for me to describe my first year as building up my investment, and largely once I reached my investment size, then it has been (at least so far) right in the ballpark of 60% CAGR.

In the end, does it matter if it has been 75% or 60% or how I calculate it?  Perhaps not, since it seems that one  of the more important considerations becomes how am I going to manage it in terms of starting to employ some kind of a meaningful sustainable withdraw, if I consider that I have reached such a stage. and if I haven't then what more do I need to do to get to such a stage .. and surely I could have some kind of a threshold about how much profits I have since if I had ONLY put in $1k then that would be different than if I put in $10k, so then I might need to consider that I need more profits, yet a lot of my concern is still not about my level of profits, but it is more about how much value do I have to work with.

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?”

Yep... the investment does not really need to get cashed back into dollars in any kind of quick way..  The investment is just there and can be drawn upon while it continues to grow.

I suppose if there were some kind of concern about bitcoin holding its value, then parts of the bitcoin holdings could be reallocated into better assets... playing up and down waves seems to be a kind of presumption that people believe to be necessary, which seems to be way less central to bitcoin management than what a lot of normies seem to be presuming about bitcoin management. 

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.

Let's hypothesize that a person with my kind of an investment timeline bought around 50 BTC between 2013 and 2017 for an average of around $1k each. So that would be around $50k invested over 4-ish years... So such person is feeling pretty good. .maybe bought some more and sold some more between 2018 and now, but largely still holds right around 50 BTC, and from time to time, he might feel like he wants to shave off some of his 50 BTC to buy some things. 

Maybe this guy was having some dilemmas between 2020 to present, since in 2020, his holdings went from around being 10x to 64x and down to 30x and then back up to 69x and then back down to 16x.. so sure maybe it is better if his BTC is 100x in profits in recent times rather than 16x in late 2022, but it may well not make very much of a difference except for the sense of whether the guy calculates that the 50 BTC is enough or not.  Of course, if the amount of BTC had been 100 BTC, then there is more flexibility because there is more of a cushion.. so it still seems that the quantity of BTC starts to become way more important of a consideration rather than the quantity of the profits... and sure if the guy is continuously cashing out profits along the way, he will never end up getting to a quantity of BTC in which the quantity of profits no longer matter,  since he will not end up getting to a kind of overaccumulation status since he keeps shaving off profits.

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.

I think that with bitcoin over the years there has been so many ways to allow the bitcoin to work for you so long as you are not overly shaving off profits, and so once your bitcoin stash starts to get close to adequate accumulation status there might be needs to continue to be conservative with the withdrawals while the bitcoin is still growing.. but sometimes it seems people get overly anxious to cash out way too many BTC too soon, and it seems that with bitcoin there are ways to both have your cake and eat it too, as long as you don't get overly greedy with it. and largely bitcoin's investment thesis does not seem to be getting weaker.

[Stablexcoin]

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.
 👍

Well, now you know! Most of the OG's are above 40 years old. Likely around the age of 50 - 65 years old. They were the people who had earlier adopted Bitcoin and invested in it. I think most of them contributed some amount of Bitcoin to the community when it merely cost $1. Have you seen this thread before; Legendary profiles of bitcointalk.?

Your assumptions make a lot of sense. If we really judge based on how old Bitcoin is. Roughly Bitcoin is 17 years old, added with an early adopted here in the forum which i at that time might be 30 years of age or less. That would be 50+ almost 60.

See how time flies

[qurbanshah02]

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.
 👍

Well, now you know! Most of the OG's are above 40 years old. Likely around the age of 50 - 65 years old. They were the people who had earlier adopted Bitcoin and invested in it. I think most of them contributed some amount of Bitcoin to the community when it merely cost $1. Have you seen this thread before; Legendary profiles of bitcointalk.?

Your assumptions make a lot of sense. If we really judge based on how old Bitcoin is. Roughly Bitcoin is 17 years old, added with an early adopted here in the forum which i at that time might be 30 years of age or less. That would be 50+ almost 60.

See how time flies

So these people must have been quite good at it if they had profited from it.  The idea of these people was good enough that if it is alive today, they would have got the most profit.  I just saw this thread and am hearing about them now.  But I have only talked about their thinking and mentioned their profit.  If he trade today, we know what Bitcoin is.

Bitcoin may be quite old but its quality is strong enough to last for many years to be trusted by everyone.  Be that as it may, they are working on it and the growth of Bitcoin is beneficial for us and will continue to be for many years to come and I see a lot of influence from Bitcoin.

[Sim_card]

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.
 👍

Well, now you know! Most of the OG's are above 40 years old. Likely around the age of 50 - 65 years old. They were the people who had earlier adopted Bitcoin and invested in it. I think most of them contributed some amount of Bitcoin to the community when it merely cost $1. Have you seen this thread before; Legendary profiles of bitcointalk.?

Your assumptions make a lot of sense. If we really judge based on how old Bitcoin is. Roughly Bitcoin is 17 years old, added with an early adopted here in the forum which i at that time might be 30 years of age or less. That would be 50+ almost 60.

See how time flies

So these people must have been quite good at it if they had profited from it.  The idea of these people was good enough that if it is alive today, they would have got the most profit.  I just saw this thread and am hearing about them now.  But I have only talked about their thinking and mentioned their profit.  If he trade today, we know what Bitcoin is.

Bitcoin may be quite old but its quality is strong enough to last for many years to be trusted by everyone.  Be that as it may, they are working on it and the growth of Bitcoin is beneficial for us and will continue to be for many years to come and I see a lot of influence from Bitcoin.

If they're alive till now don't you think that it would still be better for them to keep hodli instead of selling as you said. Why is it that when we see an old investor who bought bitcoin very cheap, what comes to our mind is if he sells today, he will be fine. I feel selling shouldn't be the main focus but to recommend them for hodling this long and emulate their footsteps, because it shows that you can also hodli for a very long time like these OGs did.

I want to emulate them in hodli for a very long time and building my bitcoin investment, so that I can see at what level my bitcoin portfolio wil have gotten to when I am old and how much bitcoin will be by then.

[Olatundespo]

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.
 👍

Well, now you know! Most of the OG's are above 40 years old. Likely around the age of 50 - 65 years old. They were the people who had earlier adopted Bitcoin and invested in it. I think most of them contributed some amount of Bitcoin to the community when it merely cost $1. Have you seen this thread before; Legendary profiles of bitcointalk.?

Your assumptions make a lot of sense. If we really judge based on how old Bitcoin is. Roughly Bitcoin is 17 years old, added with an early adopted here in the forum which i at that time might be 30 years of age or less. That would be 50+ almost 60.

See how time flies

So these people must have been quite good at it if they had profited from it.  The idea of these people was good enough that if it is alive today, they would have got the most profit.  I just saw this thread and am hearing about them now.  But I have only talked about their thinking and mentioned their profit.  If he trade today, we know what Bitcoin is.

Bitcoin may be quite old but its quality is strong enough to last for many years to be trusted by everyone.  Be that as it may, they are working on it and the growth of Bitcoin is beneficial for us and will continue to be for many years to come and I see a lot of influence from Bitcoin.

If they're alive till now don't you think that it would still be better for them to keep hodli instead of selling as you said. Why is it that when we see an old investor who bought bitcoin very cheap, what comes to our mind is if he sells today, he will be fine. I feel selling shouldn't be the main focus but to recommend them for hodling this long and emulate their footsteps, because it shows that you can also hodli for a very long time like these OGs did.

I want to emulate them in hodli for a very long time and building my bitcoin investment, so that I can see at what level my bitcoin portfolio wil have gotten to when I am old and how much bitcoin will be by then.

Following in the footsteps of long-term holders new investors can continue their strategy and regular deposit which can be a means of best financial security for their later years or time of retirement. It is recommended to choose your youth age to do this and continue to accumulate Bitcoin regularly. If you can build a decent-sized holding by accumulating Bitcoin during the prime of your life you can be rewarded for your time well spent. Some investors either out of greed or emotion decide to sell their valuable Bitcoins which can dull their feelings at the next high price. Because it is clear that Bitcoin has the potential to increase in value over time holding is the best decision to make.

[ginsan]

Old age, retirement may be the last step which is certainly very good to be targeted in holding bitcoin, passing on to our children and grandchildren about our Bitcoin ownership.

Previously I had stated that the next 50 years are about world developments, bad or not we will never know, so don't misunderstand it because I didn't imply that it meant Bitcoin. but maybe it's funny for some responses if they are less confident in the future of course that's a big mistake, because fiat is inflation while bitcoin is not, so bitcoin will exist forever if the world still has the internet because investors trust bitcoin more for investment in the present.

With that of course it's true, here we are 30 years old, 40 years old, 50 years old or 60 years old. But what is clear is that we have the hope to hold bitcoin for a long time and 10 years is already a long time and can be increased to 20 years if it is for old age or retirement.

It is clear that there is a lot of planning to achieve success in long-term investment. One of them is routine accumulation, consistency in buying, supported by passive / active finance that we get.

It is not an impossible reason to make bitcoin our old age asset, because bitcoin is an asset that has faster development progress compared to others, countries, banks and many companies have seen quite good potential about bitcoin even America wants to buy bitcoin with strategy DCA so for that we must really invest well with the routine purchases that we have made.

[Mayor of ogba]

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.

I don't know why you find it normal to be talking about altcoin in a thread where bitcoin discussion is going on, but I want you to know we don't tolerate that in this thread, and if you are very much interested in altcoin discussion, there is a thread for that in the forum. You can go to the thread and talk about altcoin, and nobody will interrupt you because that is what the thread is meant for. But since you are a newbie, I will not blame you so much because you don't know how risky it is for someone to invest his or her money in altcoins, but I want you to understand that it is not advisable to invest in altcoins because there are so many altcoins developed in the market, and it will be difficult for you to spot the altcoin that will perform well; therefore, the chances of you losing your money if you invest in altcoins are very high because they are built on hype and no use case that will always help the price to recover when it decreases. But if you only stick with bitcoin investment, there's no way you will lose your money, provided you don't sell your bitcoin at a loss, because bitcoin has the tendency of recovering from its price whenever it decreases. If you figure out you will have discretionary income, you can start investing in bitcoin with your discretionary income with the DCA strategy so that you will always be accumulating bitcoin at any given price whenever your discretionary income is readily available, which will help you to increase your bitcoin portfolio since you are a low coiner.

[JayJuanGee]

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.  👍

Well, now you know! Most of the OG's are above 40 years old. Likely around the age of 50 - 65 years old.

Oh gawd.. now you are presuming in the opposite direction.

Sure maybe if someone got into bitcoin in the timeframe of 2011 to 2015-ish then might we might consider them an OG.. or can we have some 2016 to 2018 entrants as OGs, too?

Anyhow, maybe we can presume that a 2011 to 2015-ish entrant into bitcoin might have been older than 10 years old at the time and younger than 80 years old at the time.. perhaps? perhaps?.. yet where does that get you?  We have 10-14 years that have passed since the earlier entrant guys got into bitcoin.. .. that does not mean shit about them being older than 40 as you presume, even if 10-14 years had passed since these guys first got into bitcoin..

They were the people who had earlier adopted Bitcoin and invested in it. I think most of them contributed some amount of Bitcoin to the community when it merely cost $1.

How can you presume those matters?

Have you seen this thread before; Legendary profiles of bitcointalk.?

Your assumptions make a lot of sense. If we really judge based on how old Bitcoin is. Roughly Bitcoin is 17 years old, added with an early adopted here in the forum which i at that time might be 30 years of age or less. That would be 50+ almost 60.
See how time flies

You really believe that thread supports your age-theory about folks you are considering as OGs?  You might even be presuming pre-2012 folks as OGs?  or maybe you have to define what you mean, and even point out which portions of that link thread supports your age-theory?  And furthermore, maybe the data in that thread needs to be updated in order to discuss your age-theory to the extent that there might be any validity in your seeming assumptions about age.. except that time has been passing, and bitcoin is getting older so anyone in bitcoin is also getting older to the extent that they have not passed away in the meantime..

[edited out]

If they're alive till now don't you think that it would still be better for them to keep hodli instead of selling as you said. Why is it that when we see an old investor who bought bitcoin very cheap, what comes to our mind is if he sells today, he will be fine. I feel selling shouldn't be the main focus but to recommend them for hodling this long and emulate their footsteps, because it shows that you can also hodli for a very long time like these OGs did.

I want to emulate them in hodli for a very long time and building my bitcoin investment, so that I can see at what level my bitcoin portfolio wil have gotten to when I am old and how much bitcoin will be by then.

Of course, the longer a person has been in bitcoin and the more bitcoin they have accumulated, then the more options that they have, and surely it seems a bit dumb (and perhaps presumptuous) to consider that selling most or all coins would be a good way to manage coins that are currently held, yet at the same time, bitcoin has been such a great investment that selling very small amounts of BTC has the potential of generating large quantities of cash that is way beyond the costs of the coins, so the BTC price may not really be a factor whether a longer term bitcoiner might choose to sell a few coins (or satoshis) here and there just for whatever reason.. since it could well be that the value of his BTC stash grows way faster than his spending of it.. so selling of coins may or may not be any kind of a BIG concern for someone who has way more than enough... and another thing may well be that he sells other assets prior to selling BTC, yet there can be quite a  variety of arrangements that longer term bitcoiner might have in regards to dealing with (managing his coins)... and surely hopefully, as you seemed to have had suggested, largely trying to safeguard the bulk of them.

[laspol65]

recommended to choose your youth age to do this and continue to accumulate Bitcoin regularly. If you can build a decent-sized holding by accumulating Bitcoin during the prime of your life you can be rewarded for your time well spent. Some investors either out of greed or emotion decide to sell their valuable Bitcoins which can dull their feelings at the next high price. Because it is clear that Bitcoin has the potential to increase in value over time holding is the best decision to make.

If unique bitcoin holders follow the way you make your point, they can certainly be tempted by the benefits.  If a long-term bitcoin holder continues to invest bitcoins following the opportunistic DCA method, he may be tempted to sell his bitcoins whenever he looks at his valuable holdings for cash.
If a holder invests for long term he can definitely use a strong wallet it may be cold stores wallet (or hardware wallet is better to choose any wallet) according to his choice and ability he can purchase.
 The use of a strong wallet is given the most importance because the place where the bitcoins will be stored must be a strong base.

[Litzki1990]

Old age, retirement may be the last step which is certainly very good to be targeted in holding bitcoin, passing on to our children and grandchildren about our Bitcoin ownership.

Previously I had stated that the next 50 years are about world developments, bad or not we will never know, so don't misunderstand it because I didn't imply that it meant Bitcoin. but maybe it's funny for some responses if they are less confident in the future of course that's a big mistake, because fiat is inflation while bitcoin is not, so bitcoin will exist forever if the world still has the internet because investors trust bitcoin more for investment in the present.

With that of course it's true, here we are 30 years old, 40 years old, 50 years old or 60 years old. But what is clear is that we have the hope to hold bitcoin for a long time and 10 years is already a long time and can be increased to 20 years if it is for old age or retirement.

It is clear that there is a lot of planning to achieve success in long-term investment. One of them is routine accumulation, consistency in buying, supported by passive / active finance that we get.

It is not an impossible reason to make bitcoin our old age asset, because bitcoin is an asset that has faster development progress compared to others, countries, banks and many companies have seen quite good potential about bitcoin even America wants to buy bitcoin with strategy DCA so for that we must really invest well with the routine purchases that we have made.

But we often see such news where it is said that an old man is found on the street after being abused by his children. And once upon a time the children whose parents have spent most of their lives raising them grow up and get married and throw their parents out of the house. As a result of which the old parents become destitute and wander on the streets or end up in old age homes. But even if you think about your future, you should plan ahead so that your children do not mistreat them or throw them out of the house in their old age. Instead of spending all of your income on your family, you should invest some money in Bitcoin from that time. 

Suppose a person starts his investment at the age of 30 and he works from the age of 30 to the age of 60 then if he invests fifty dollars every month for these 30 years then at the end of 30 years his investment amount will be 18k dollars. Those who are middle class employees or officials I mentioned only their investment amount here but many employees can invest more amount of money consistently in Bitcoin. 

If the investor invests consistently during this period, he will get multiple returns on his investment at the age of 30 and will see a huge amount in his account when he retires from the job. And if he has that much bitcoin in his account, I don't think his kids will kick him out of the house at that time. Even if his children throw him out of the house, he can spend the rest of his life comfortably with this huge sum of money. 

The news that we are reading today can happen to us so we need to be cautious and ensure that we have financial strength in the last stage of life.

[Tungbulu]

[edited out]

If they're alive till now don't you think that it would still be better for them to keep hodli instead of selling as you said. Why is it that when we see an old investor who bought bitcoin very cheap, what comes to our mind is if he sells today, he will be fine. I feel selling shouldn't be the main focus but to recommend them for hodling this long and emulate their footsteps, because it shows that you can also hodli for a very long time like these OGs did.

I want to emulate them in hodli for a very long time and building my bitcoin investment, so that I can see at what level my bitcoin portfolio wil have gotten to when I am old and how much bitcoin will be by then.

Of course, the longer a person has been in bitcoin and the more bitcoin they have accumulated, then the more options that they have, and surely it seems a bit dumb (and perhaps presumptuous) to consider that selling most or all coins would be a good way to manage coins that are currently held, yet at the same time, bitcoin has been such a great investment that selling very small amounts of BTC has the potential of generating large quantities of cash that is way beyond the costs of the coins, so the BTC price may not really be a factor whether a longer term bitcoiner might choose to sell a few coins (or satoshis) here and there just for whatever reason.. since it could well be that the value of his BTC stash grows way faster than his spending of it.. so selling of coins may or may not be any kind of a BIG concern for someone who has way more than enough... and another thing may well be that he sells other assets prior to selling BTC, yet there can be quite a  variety of arrangements that longer term bitcoiner might have in regards to dealing with (managing his coins)... and surely hopefully, as you seemed to have had suggested, largely trying to safeguard the bulk of them.

You’re right. The more Bitcoin an investor is able to accumulate overtime, the more options he’ll have. And most definitely, selling most or all of one’s Bitcoin stash is definitely not the best strategy, especially for a long term investor aspiring to be in the Bitcoin business for long. Bitcoin has indeed been a great investment, and due to its long term potential, one may be able to generate tons of cash by selling even just a small chunk of their stash.

Personally, I believe that the price of bitcoin might not really be a considerable factor for long term holders that desire to sell off a few chunks of their coin here and there. I think what’s more important to them is how they may be able to cover their expenses or be able to generate some extra cash without really considering or worrying about the price, and you may never know, their Bitcoin stash might actually grow way more faster than they may be able to spend it.

Additionally, it’s possible that they might actually have some other assets they would sell first before even thinking about touching their Bitcoin, or maybe they might actually have some other backup plans or arrangements that’d help them manage their coins. The key thing is to know how to be able to manage and safeguard their Bitcoin stash, while still having that flexibility of selling or using a smaller chunk of it whenever the need arises.

[Samlucky O]

Snip

But we often see such news where it is said that an old man is found on the street after being abused by his children. And once upon a time the children whose parents have spent most of their lives raising them grow up and get married and throw their parents out of the house. As a result of which the old parents become destitute and wander on the streets or end up in old age homes. But even if you think about your future, you should plan ahead so that your children do not mistreat them or throw them out of the house in their old age. Instead of spending all of your income on your family, you should invest some money in Bitcoin from that time.  

Surely this point you outline are good points in regards to a person who takes Bitcoin investment seriously at a young age to stand a better chance in the future and not to be mistreated by children because of poverty at old age, but I will like to tell you that children who maltreat there parent at old age because of poverty are just being wicked for no reason because life is all about give and take. It is supposed or expected that if parent take care of children till adult, there children should follow suit by also reciprocating in taken care of their parents weather their parent have Bitcoin or not. because training a child is also an investment that should pay you off at old age both financially, physical, health care and otherwise. When we become old most time we don't need much money from children rather care and affection and making sure parent are healthy.

Suppose a person starts his investment at the age of 30 and he works from the age of 30 to the age of 60 then if he invests fifty dollars every month for these 30 years then at the end of 30 years his investment amount will be 18k dollars.

I also quite agree with you here, sometime a person may also have the privilege to start Bitcoin earlier like 20 or 23years and end up investing 20 to 30 years ahead which his age by then may be 40/50 or 43/53years depending on when they start making money and investing. Just as they say" Early to bed early to rise" so it is important to have a good starsh in your wallet before you get to retirement age because most times all children are not the same, you may invest in children that will not take care of you at old age, so for that reason "make hay while the sun shines" become the best poem to recite. because since life is unpredictable and we expect good, we have to be prepared also for the worst to comes.

[Gallar]

recommended to choose your youth age to do this and continue to accumulate Bitcoin regularly. If you can build a decent-sized holding by accumulating Bitcoin during the prime of your life you can be rewarded for your time well spent. Some investors either out of greed or emotion decide to sell their valuable Bitcoins which can dull their feelings at the next high price. Because it is clear that Bitcoin has the potential to increase in value over time holding is the best decision to make.

If unique bitcoin holders follow the way you make your point, they can certainly be tempted by the benefits.  If a long-term bitcoin holder continues to invest bitcoins following the opportunistic DCA method, he may be tempted to sell his bitcoins whenever he looks at his valuable holdings for cash.
If a holder invests for long term he can definitely use a strong wallet it may be cold stores wallet (or hardware wallet is better to choose any wallet) according to his choice and ability he can purchase.
 The use of a strong wallet is given the most importance because the place where the bitcoins will be stored must be a strong base.

Yes, at a young age, of course you have to make good use of this time, one of which is by investing in bitcoin. Because bitcoin does have enormous potential in the future. But don't forget that when you want to invest in Bitcoin, don't immediately focus on the results you can get. Because if a bitcoin investor starts with a mindset like that, chances are that person will be easily tempted by a slight increase in price and immediately sell their bitcoin. Therefore, when investing in bitcoin, the first thing you have to do is of course have cold money to accumulate, whether using the DCA technique or the Lump sum technique. Then don't forget to determine the duration of the investment, whether it is 10 years or more. That way, it is certain that the investment process will be more organized and better.

Apart from that, having a safe wallet is also one of the most important things when investing in bitcoin. Maybe for now a hardware wallet is the right choice for storing the bitcoins we have. But don't forget, we have to write down our wallet phrase and store it in a safe place. Because the wallet phrase is the only key to get into our wallet. So if, for example, the wallet phrase is lost, this will definitely be a big problem. Because you will definitely lose the bitcoins you have collected (Because the wallet is inaccessible.). Therefore, when we make a wallet we have to write the wallet phrase well, and after the wallet phrase is written, don't forget to double check whether there are any wrong words or not. By entering again using that sentence. So if it is correct, then save the phrase in a safe place.

[Agbamoni]

Old age, retirement may be the last step which is certainly very good to be targeted in holding bitcoin, passing on to our children and grandchildren about our Bitcoin ownership.

Previously I had stated that the next 50 years are about world developments, bad or not we will never know, so don't misunderstand it because I didn't imply that it meant Bitcoin. but maybe it's funny for some responses if they are less confident in the future of course that's a big mistake, because fiat is inflation while bitcoin is not, so bitcoin will exist forever if the world still has the internet because investors trust bitcoin more for investment in the present.

With that of course it's true, here we are 30 years old, 40 years old, 50 years old or 60 years old. But what is clear is that we have the hope to hold bitcoin for a long time and 10 years is already a long time and can be increased to 20 years if it is for old age or retirement.

It is clear that there is a lot of planning to achieve success in long-term investment. One of them is routine accumulation, consistency in buying, supported by passive / active finance that we get.

It is not an impossible reason to make bitcoin our old age asset, because bitcoin is an asset that has faster development progress compared to others, countries, banks and many companies have seen quite good potential about bitcoin even America wants to buy bitcoin with strategy DCA so for that we must really invest well with the routine purchases that we have made.

You are right. When i look at the growing institutional interest and trust in Bitcoin i feel confident on the certainty of holding Bitcoin till my retirement which might be 20 years from now. I know how difficult it was for persons before the acceptance of Bitcoin when it comes to finding a good investment to set their retirement target. Bitcoin has made it a lot easier of which all of us in this thread should be grateful. Knowing full well that the DCA strategy is a good strategy to set our retirement funds.

Now its not all about investing for the present but for the future. As we approach retirement, our asset must have grown along side with our age, with a potential return of investment providing a financial security for us and our generation. It doesn't stop there still. There is one more work to be done, which is teaching the next heir on the value of Bitcoin. As we pass on the asset we should also pass on the mindset, our knowledge and most importantly the importance of long term investment.