Buy the DIP, and HODL!

[Proty]

We can't judge investment on the basis of profit and loss. Investment for me is like a savings, from which there is a possibility of profit or loss as I invest and finally you are able to save huge amount of bitcoins.

What would you use to rate your business annual success? Is it not the profit you have made?, so why say that investment will not be judged by profit, so actually in our Bitcoin investment profit is what explains our investment success but however the success we are talking about is not the one of short term but on the contrary I'm referring to the future profit. yes I also treat my investment as a kind of savings were I need to be investing money on my chosen time but still profit is what I will use to measure my success in the future because profit and loss are the only two elements that can interpret the ending results.

Well i want you to understand the fact that all investment in bitcoin is not targeted towards making profit, we can invest in bitcoin to hold value for a long duration of time, bitcoin can also act as a hedge against inflation, devaluation of currency and economy challenges.so profit is not the only thing that determines whether our bitcoin investment is successful or not it depends on the investor goals.

[SmartCharpa]

I am wondering in terms of your point how an investor would be harmed by observing the market itself. See, those who sell their investments because of the slightest change in the market were never investors. Because a successful and experienced investor will never sell his investment because of a slight change in the market. Investors and long-term investors may be aware of market volatility.

I agree that because investors have become used to the volatile market price, they would never sell out their investment at the first sign of even small changes in the market. Individuals who will always be watching the market price, in my opinion, are the ones who are unfamiliar with it. An experienced investor who has made a long-term investment, on the other hand, doesn't keep an eye on the market and keeps adding to their holdings because they believe it will benefit them.

I know so many people are eager to start their bitcoin investment, but don't get me wrong, bitcoin investment is not something someone should rush into or make sacrifices to start because the person might fail with his bitcoin investment. If you are struggling to sort out your daily expenses, you are not ready to start a bitcoin investment, and don't try to make sacrifices by depriving yourself of some basic needs in your life just to invest in bitcoin.

I want you to understand that everything is possible, you must have belief in yourself and begin somewhere. Many successful Bitcoin investors began somewhere, not everyone begins their investment path with a steady life. Even people who are having trouble managing what they spend every day can still invest, but they should remember that the money they are investing is for the future and that they may lose it if they decide to sell it.

[Hardyrobust]

I am wondering in terms of your point how an investor would be harmed by observing the market itself. See, those who sell their investments because of the slightest change in the market were never investors. Because a successful and experienced investor will never sell his investment because of a slight change in the market. Investors and long-term investors may be aware of market volatility.

I agree that because investors have become used to the volatile market price, they would never sell out their investment at the first sign of even small changes in the market. Individuals who will always be watching the market price, in my opinion, are the ones who are unfamiliar with it. An experienced investor who has made a long-term investment, on the other hand, doesn't keep an eye on the market and keeps adding to their holdings because they believe it will benefit them.

I know so many people are eager to start their bitcoin investment, but don't get me wrong, bitcoin investment is not something someone should rush into or make sacrifices to start because the person might fail with his bitcoin investment. If you are struggling to sort out your daily expenses, you are not ready to start a bitcoin investment, and don't try to make sacrifices by depriving yourself of some basic needs in your life just to invest in bitcoin.

I want you to understand that everything is possible, you must have belief in yourself and begin somewhere. Many successful Bitcoin investors began somewhere, not everyone begins their investment path with a steady life. Even people who are having trouble managing what they spend every day can still invest, but they should remember that the money they are investing is for the future and that they may lose it if they decide to sell it.

It is not possible for such people to invest in bitcoin even if they happens to invest they Will end up trading there btc before the expected time before we talk of investing in bitcoin we must have a stable source of income which can be able to cover all our expenses , also an emergency fund and some discretion to invest in btc.so it will be unwise to use your emergency fund or money for family expenses such as food , shelter and them invest in bitcoin or even to borrow money to start your bitcoin investment.

[Frankolala]

We can't judge investment on the basis of profit and loss. Investment for me is like a savings, from which there is a possibility of profit or loss as I invest and finally you are able to save huge amount of bitcoins.

What would you use to rate your business annual success? Is it not the profit you have made?, so why say that investment will not be judged by profit, so actually in our Bitcoin investment profit is what explains our investment success but however the success we are talking about is not the one of short term but on the contrary I'm referring to the future profit. yes I also treat my investment as a kind of savings were I need to be investing money on my chosen time but still profit is what I will use to measure my success in the future because profit and loss are the only two elements that can interpret the ending results.

Well i want you to understand the fact that all investment in bitcoin is not targeted towards making profit, we can invest in bitcoin to hold value for a long duration of time, bitcoin can also act as a hedge against inflation, devaluation of currency and economy challenges.so profit is not the only thing that determines whether our bitcoin investment is successful or not it depends on the investor goals.

Of course, you are right. It is good for one to put his savings in bitcoin rather than keeping it in a bank because fiat depreciates overtime and your funds will lose its value. Imagine at your young age, you started working and decided to save for your retirement, and you did that in a bank, at old age it will be so annoying to see that all your effort of saving huge for your old age looks like it was in vain, because the value of your total savings cannot sustain your for long due to inflation.

 But if you decide to invest that money in bitcoin because it is a store of value and hedge to inflation, your savings will not be in vain because the value of your funds will not depreciate and you will also get an additional bonus for saving in bitcoin which is the profit aspect. This is why Bitcoin shouldn't be looked at only for profit but to safe your hard earned money from inflation overtime.

It is not possible for such people to invest in bitcoin even if they happens to invest they Will end up trading there btc before the expected time before we talk of investing in bitcoin we must have a stable source of income which can be able to cover all our expenses , also an emergency fund and some discretion to invest in btc .so it will be unwise to use your emergency fund or money for family expenses such as food , shelter and them invest in bitcoin or even to borrow money to start your bitcoin investment.

It's not compulsory for a new investor who wants to start his bitcoin investment to have an emergency funds. Since he has fugured out how much is his discretionary income, he can star investing right away by using half part of his discretionary income to invest in bitcoin with DCA every week and at the same time use the other half to be building his emergency funds fof 3-6 months of his monthly income. At a start he can be building his bitcoin investment and his emergency funds simultaneously.

[Pi$$]

If you are still young, it is good that you extend your bitcoin investment timeline to 10 years and above because that is what really seems to be a long-term duration. You should know that the more you are increasing and hodli your bitcoin investment for a longer time, the more you have a bigger chance of increasing your bitcoin investment and enjoy the compounding effect of your portfolio over time. You will easily get to your bitcoin target and have a good size of bitcoin in future.

if you can make the investment at this young age by making sacrifices and prolonging it then you can expect something good in return later or something good is expected of you.

I know so many people are eager to start their bitcoin investment, but don't get me wrong, bitcoin investment is not something someone should rush into or make sacrifices to start because the person might fail with his bitcoin investment. If you are struggling to sort out your daily expenses, you are not ready to start a bitcoin investment, and don't try to make sacrifices by depriving yourself of some basic needs in your life just to invest in bitcoin. Bitcoin is a long-term investment, and if you want to succeed in bitcoin investment, you need to use the money that you will not need for 4-10 years or more, which will allow you not to temper your bitcoin investment because you used the money that is not allocated to solve any needs in your life for 4-10 years or more to invest in bitcoin, and you will be in a better position to hold your bitcoin for a long time.

I agree with you here. Bitcoin investment is an investment that is meant to be done on our own pace and also when we have knowledge about it. Bitcoin is the best we can out our money in. And we shouldn't let anyone force us into starting it when we are not yet ready. As an adult we need to stop know what we want and not let anyone persuade/influence us to go about things. The reason why they were successful at their investment is because they were prepared and if we rush when we are not prepared we might not get lucky to make things right.

[Cryptoprincess101]

We can't judge investment on the basis of profit and loss. Investment for me is like a savings, from which there is a possibility of profit or loss as I invest and finally you are able to save huge amount of bitcoins.

What would you use to rate your business annual success? Is it not the profit you have made?, so why say that investment will not be judged by profit, so actually in our Bitcoin investment profit is what explains our investment success but however the success we are talking about is not the one of short term but on the contrary I'm referring to the future profit. yes I also treat my investment as a kind of savings were I need to be investing money on my chosen time but still profit is what I will use to measure my success in the future because profit and loss are the only two elements that can interpret the ending results.

Well i want you to understand the fact that all investment in bitcoin is not targeted towards making profit, we can invest in bitcoin to hold value for a long duration of time, bitcoin can also act as a hedge against inflation, devaluation of currency and economy challenges.so profit is not the only thing that determines whether our bitcoin investment is successful or not it depends on the investor goals.

You actually have a good view about bitcoin investment. A lot of people who are investing in bitcoin now are only targeted about the profits they could make from it and that is the reason why we have so many short them investors who are only concerned about making a little profit from their investment and decides to sell just within a short interval of time without thinking about the worth and value of the asset they sold. I know that majority of bitcoin investors wants to make profits from their investment but that doesn't mean they should just think about making profits alone, they should see bitcoin as a store of value that has the tendency to even become more useful and valuable in the long run rather than being sold for short term profit making. We should see bitcoin like a precious asset that should be kept in our possession and not to be traded just for little gains.

[Justbillywitt]

The other point why is, currently, Bitcoin is being purchased and HODLed by us more as a commodity that will have higher value later, rather than something that we actually need/use today.

It's also laughable that many people are not trying to get the context.

The reason why majority of us hodl bitcoin for higher value later, other than what we need/use today is that, most countries haven't legalize bitcoin as legal tender. So many people still find it more difficult to see businesses that are accepting bitcoin in their region. So the only option they are left with is to buy it and hodl for as long as possible, so that they won't miss out. The more bitcoin get adopted and legalize in many countries, then we will see significant rise in use of bitcoin as what we need/ use today.

Another reason is because of the profitability that people have seen in bitcoin, that is making it look like most of us are now more concerned about buying bitcoin and hodl, and neglecting the other purposes that bitcoin was created for, such as payment for goods and services. People don't want to lose something as precious as bitcoin to pay for products or services, when there are still alternative way to pay for it. Unless that alternative is proving difficult to use, that's when they can turn to utilize their bitcoin for that regard.  But seeing how bitcoin has been appreciating over the years, it is only common that majority of people will hodl it as commodity rather than what we need/ use today

[Taskford]

We can't judge investment on the basis of profit and loss. Investment for me is like a savings, from which there is a possibility of profit or loss as I invest and finally you are able to save huge amount of bitcoins.

What would you use to rate your business annual success? Is it not the profit you have made?, so why say that investment will not be judged by profit, so actually in our Bitcoin investment profit is what explains our investment success but however the success we are talking about is not the one of short term but on the contrary I'm referring to the future profit. yes I also treat my investment as a kind of savings were I need to be investing money on my chosen time but still profit is what I will use to measure my success in the future because profit and loss are the only two elements that can interpret the ending results.

Well i want you to understand the fact that all investment in bitcoin is not targeted towards making profit, we can invest in bitcoin to hold value for a long duration of time, bitcoin can also act as a hedge against inflation, devaluation of currency and economy challenges.so profit is not the only thing that determines whether our bitcoin investment is successful or not it depends on the investor goals.

Well its unique to see those things that people said that they are not really for making profit since somehow for me its useless to deal with bitcoin for long term if you didn't aim that to happen. But although it always depend to the people acquire it on what he want to do for his Bitcoin since after all it serves many purposes or used depends on peoples need. But majority here really aim to get profit that's  why they choose to hold for long term since this is ideal investment option that can give them more realistic gain with no much other technical matters needed to do.

Bitcoin long term investment is ideal for newbie so I guess people should look at this as main thing if they look some good asset to invest aside from their physical possession.

[Furious 7]

We can't judge investment on the basis of profit and loss. Investment for me is like a savings, from which there is a possibility of profit or loss as I invest and finally you are able to save huge amount of bitcoins.

I am 50/50 in this case because after all the purpose of investment is apart from protecting the value of the wealth we have from inflation, investment is also intended to generate future profits through the ongoing increase in the assets we invest so in this case the benefits of investment will still be another factor of the goals we want to achieve even though we are in bitcoin and still uphold financial freedom.

Being in bitcoin does have risks but in this case when we stay on the path we plan from the investment made then in the end we will not experience losses because indeed bitcoin will continue to grow so as long as we still maintain the assets we have then everything will remain the same where future goals and profits will definitely be achieved.
There is no such thing as a loss in bitcoin even though there are indeed some people who sometimes think that this is like a scam or whatever it is to weaken investors who are in bitcoin but in the end we must think that it happened because it was the fault of some people themselves who did not study further, did not recognize the risks that would occur and could not maintain assets because they panicked because the value they had was reduced so that it made them frustrated but when we remain firm with the initial stance where the long term is the goal then everything will be fine.

[CryptSafe]

In addition to what you have said, if someone is saying that the reason why the investor should monitor the market is to know when to take a buying advantage, Instead of continuously monitoring the market, and going through the emotional torture associated with it, the investor should set price change notification alert on, and set up that price level that he should be notified. So that once bitcoin hit that price level that the investor has set up, he will be notified by his exchange or wallet app.

This is more effective way than for the investor to be updated about price changes, than continually monitoring the market. We live in a world where technology has simplified everything, unless the investor has other reasons of checking the market, other than just knowing when there is a significant change in price in bitcoin market.

It doesn't even make any difference,  what if you do not get any notification of the actual price you think it is good for you to buy bitcoin that means you will keep waiting for the price to fall so that you can bitcoin.  Both monitory the market and putting notification of price to know when to buy don't really change anything,  they can make one not to even invest in bitcoin at all. The reason why many normally miss opportunities of investing bitcoin is because they always want to buy at a time and price that will suit them and waiting to get the price they may end up not seeing such price because bitcoin can't be predicted.

Just buy bitcoin when you have the opportunity to buy, waiting for price can be delaying which you may never come across and at the end of it all you will still regret not buying when you had the opportunity to buy.

I agree with your idea here. Many people just put hope on a particular price and time to purchase bitcoin which they end up keep waiting and maybe the price might be higher than they expected and with such event, they just feel reluctant and do not invest but it is not so. When such happens, they feel they have missed the opportunity to make profit  forgetting that bitcoin still have a long way to go and as a matter of fact, this is the early stage for one to take their position because in the near future, bitcoin price would much higher than what we see today.

The truth is that anyone who wants to buy bitcoin and have made a budget for it should just go ahead and buy it since they have the money for it because if they are waiting to see it at a particular price before they buy it, it just might not happen at that time they expect to see it at that price so it would be better they buy it  and hodl it for a long period of time.

[Zackz5000]

I want you to understand that everything is possible, you must have belief in yourself and begin somewhere. Many successful Bitcoin investors began somewhere, not everyone begins their investment path with a steady life. Even people who are having trouble managing what they spend every day can still invest, but they should remember that the money they are investing is for the future and that they may lose it if they decide to sell it.

It is not advisable to encourage some one who is still struggling with his life and daily living to invest into Bitcoin for it won't work out, which money will such person use in accumulating Bitcoin when he barely feed or what did you think will happen to his investment if an emergency or unforeseen circumstances occur don't you think he may decide to sell out his Bitcoin maybe even at lost for it could be that Bitcoin is at dip when he sell .
It is good to have a better cash flow before going into Bitcoin investment and it should also be the money you won't be need for long time 4-10 or more but it not be that you are still struggling with your day to day needs and wants to go into Bitcoin investment definitely it won't work.

[Rustam Meraj]

It is not advisable to encourage to some one who is still struggling with his life and daily living to invest into Bitcoin for it won't work out which money will such person use in accumulating Bitcoin when he barely feed or what did you think will happen to his investment if an emergency or unforeseen circumstances occur don't you think he may decide to sell out his Bitcoin maybe even at lost for it could be that Bitcoin is at dip when he sell .
It is good to have a better cash flow before going into Bitcoin investment and it should also be the money you won't be need for long time 4-10 or more but it not be that you are still struggling with your day to day needs and wants to go into Bitcoin investment definitely it won't work.

Yes investing in Bitcoin is not good idea if you are struggling with money. You need to have enough for your basic needs and some savings before investing. If you do not have you might lose money or have to sell when prices are low. If anyone wants to invest safely he/s need financial stability and steady income and savings that he/s won't need for 4-10 years or more. Do not use money meant for daily expenses or emergencies to invest in Bitcoin. Instead of this focus on securing your finances before considering Bitcoin investment to avoid financial risks.

[Tmoonz]

We can't judge investment on the basis of profit and loss. Investment for me is like a savings, from which there is a possibility of profit or loss as I invest and finally you are able to save huge amount of bitcoins.

What would you use to rate your business annual success? Is it not the profit you have made?, so why say that investment will not be judged by profit, so actually in our Bitcoin investment profit is what explains our investment success but however the success we are talking about is not the one of short term but on the contrary I'm referring to the future profit. yes I also treat my investment as a kind of savings were I need to be investing money on my chosen time but still profit is what I will use to measure my success in the future because profit and loss are the only two elements that can interpret the ending results.

Well i want you to understand the fact that all investment in bitcoin is not targeted towards making profit, we can invest in bitcoin to hold value for a long duration of time, bitcoin can also act as a hedge against inflation, devaluation of currency and economy challenges.so profit is not the only thing that determines whether our bitcoin investment is successful or not it depends on the investor goals.

We can not generalize profits only in terms making an extra cash, I see the term profits in Bitcoin in general point of view which could mean any forms of financial advantage or benefits which includes all that you have said, Bitcoin usefulness are numerous hence they should all be seen as being profit which should be optimally maximized by having a reasonable size.

If you are still young, it is good that you extend your bitcoin investment timeline to 10 years and above because that is what really seems to be a long-term duration. You should know that the more you are increasing and hodli your bitcoin investment for a longer time, the more you have a bigger chance of increasing your bitcoin investment and enjoy the compounding effect of your portfolio over time. You will easily get to your bitcoin target and have a good size of bitcoin in future.

if you can make the investment at this young age by making sacrifices and prolonging it then you can expect something good in return later or something good is expected of you.

I know so many people are eager to start their bitcoin investment, but don't get me wrong, bitcoin investment is not something someone should rush into or make sacrifices to start because the person might fail with his bitcoin investment. If you are struggling to sort out your daily expenses, you are not ready to start a bitcoin investment, and don't try to make sacrifices by depriving yourself of some basic needs in your life just to invest in bitcoin. Bitcoin is a long-term investment, and if you want to succeed in bitcoin investment, you need to use the money that you will not need for 4-10 years or more, which will allow you not to temper your bitcoin investment because you used the money that is not allocated to solve any needs in your life for 4-10 years or more to invest in bitcoin, and you will be in a better position to hold your bitcoin for a long time.

B] I agree with you here. Bitcoin investment is an investment that is meant to be done on our own pace and also when we have knowledge about it. Bitcoin is the best we can out our money in. And we shouldn't let anyone force us into starting it when we are not yet ready. As an adult we need to stop know what we want and not let anyone persuade/influence us to go about things. The reason why they were successful at their investment is because they were prepared and if we rush when we are not prepared we might not get lucky to make things right.

Basic knowledge of Bitcoin is what has been prioritized as what is required while you learn other things on your way up, the  question is are you convinced that Bitcoin is a good coin worth investing get the basic knowledge and get the fucking started if the money for investment is readily available, you can gain more of the knowledge and experience when you are in the market.

[Litzki1990]

It is clear that after making a long-term investment, if an investor monitors the market regularly and due to small changes in the market, that investor himself is affected and sells his investment, then this investment strategy is not called a long-term investment. If an investor sells his investment at some profit after purchase then we will consider it as early trading. Investing is not as easy as it sounds. In long term investment planning an investor needs to be patient enough and have the mindset to sacrifice a lot. After investing it is normal to make profit or loss due to market volatility, if you cannot hold enough capital during this temporary profit or loss then the investment is worthless.

Some investors believe that if they invest and see a small change in the market, it is appropriate to sell and take the profit, and it's wrong. As we often repeat, an investor who is willing to invest in bitcoin for a long time is anticipated to sell his investment after three or four years because, historically, the market always reaches an all-time high after that time.

However, many investors fail to comprehend when they should expect to make a significant return from their investment; it is best if they continue to invest throughout this period and wait at least four years before extracting profits.

If investors are affected by some general changes in the market, they will not be able to hold their investments for long. Holding investment is not easy at all, maybe when a new investor is involved in investing they think that investment is very easy and they can definitely hold their investment for a long time. But the problem here is that after investing, that investor may face many financial problems or may need a lot of money, but investors may think that since they have invested some amount of money, they should sell that amount of investment to meet their needs. Even from such an idea, many people cannot maintain the continuity of their investment for a long time. But if an investor makes a proper plan before investing and is able to do everything according to plan then it is possible for him to hold his investment for a long time.

[CageMabok]

Well i want you to understand the fact that all investment in bitcoin is not targeted towards making profit, we can invest in bitcoin to hold value for a long duration of time, bitcoin can also act as a hedge against inflation, devaluation of currency and economy challenges.so profit is not the only thing that determines whether our bitcoin investment is successful or not it depends on the investor goals.

Nowadays there are many Bitcoin investors who might have earned more profits and also their goals from their investment in Bitcoin. Because today Bitcoin has broken history again by creating a new ATH in the same year so it has made more investors very happy and will continue to be excited to continue investing in Bitcoin for a long period. Today Bitcoin has really surprised everyone and is very happy after seeing the price levels it has reached and I think its increase will continue because now we are in a bullrun condition.

[Barikui1]

Well i want you to understand the fact that all investment in bitcoin is not targeted towards making profit, we can invest in bitcoin to hold value for a long duration of time, bitcoin can also act as a hedge against inflation, devaluation of currency and economy challenges.so profit is not the only thing that determines whether our bitcoin investment is successful or not it depends on the investor goals.

Nowadays there are many Bitcoin investors who might have earned more profits and also their goals from their investment in Bitcoin. Because today Bitcoin has broken history again by creating a new ATH in the same year so it has made more investors very happy and will continue to be excited to continue investing in Bitcoin for a long period. Today Bitcoin has really surprised everyone and is very happy after seeing the price levels it has reached and I think its increase will continue because now we are in a bullrun condition.

Honestly, I wasn't that surprised by the performance of Bitcoin this year generally because this is what I was expecting earlier, and I think it has gone up to 75k plus in the wee hours of this morning, and to be honest here, I believe that most Bitcoin investors will be much more happy if it can rise and get up to the 100k milestone before the end of the year, but that's certainly not the peak price of Bitcoin, it can do even much more better in the future, just that the sad reality is that most investors will sell too early in excitement thinking that they have made a lot, not knowing that they are missing out on the bigger picture of what they stands to gain if they can hold a little bit longer.

Then lastly, I think that the major cause of the push in value of Bitcoin this morning is because of the US election going on, and since Donald trump's is a crypto enthusiastic, the price of Bitcoin is appreciating in value due to the fact that he is currently leading, but I believe that if he eventually wins, the bull run will definitely kicks in just as it happens last time that he won the election in 2016.

[DubemIfedigbo001]

I'm sorry if you didn't get the context. I'm NOT calling Bitcoin a "Ponzi Scheme" because it's NOT that. Bitcoin is a Naturally-Occurring Ponzi. It's "Ponzi-Like", like Gold, it's NOT a Ponzi Scheme like those scams you read about in the news.

If you actually study and understand the market dynamics of Bitcoin and Gold, it does have a resemblance to a naturally-occurring Ponzi-Like process. - That creates a feedback loop from investors and speculators' positive projections/expectations which causes price surges WITHOUT a nefarious entity and WITHOUT fraudulent behavior.

I'm NOT saying that the market is a scam, ser. If you don't understand or didn't get the context, then I'm sorry.

What good does your apology mean when you still repeat the same statement that prompted the controversy in the first place? seems you are very much incorrigible, and hell-bent on associating bitcoin to Ponzi. No matter the image you are trying to project here, you have declared your intention as null and void with those connecting words and surely no bitcoin lover would even want to reason with you.

You are bringing in logics to clarify the propagation of bitcoin and you are employing a rather contradicting logic and terms to support your point, I wonder if you are so narrow minded that you don't tend to ever see things from others point of view and one thing you should know on a personal note is that when you are saying something and everybody is against you without even a supporter, then you are possibly wrong and should review your comments with optimism, because everybody cannot be wrong and only you is right.

for some personal idiosyncrasies, you are stubborn and raising a negative energy against the topic you created yourself and I am beginning to believe Samlucky O that you are an unserious person and unsteady with your stand on things. Well for your integrity sake and for the sake of misguiding newer people in the forum and this thread, keep your Ponzi mindset to yourself, understand it alone and quit repeating that bolded text anywhere in the thread.

 

I do not think that holding bitcoin have anything to do with age but a personal choice and conviction.

Yes, but the length of time you wish to hold it can be affected by your age. When you are young and have enough time to explore and take risks, you can keep investing and holding bitcoin for a relatively longer period of time(10-20 years or even more) because you are more open to risk taking and believe in the potential of bitcoin to secure your near future and might not be needing money for very serious needs anytime soon, but this might not be the same view with older people as most of them invest in bitcoin for retirement purposes and at retirement, they tend to pursue stability of their income rather than the volatility that bitcoin presents.

Another thing is that most older folks prefers investing their funds into an income generating scheme and bitcoin does not offer periodic or constant dividends like stocks, bonds, agriculture e.t.c that gives them regular funds to maintain their lifestyle since they are weaker to keep hustling very hard to fend for themselves and keep their accumulation process going, build their emergency funds and make available more money for handling their needs, so they rely on their savings for their upkeep and they might need to sell their holdings sooner to continue taking care of themselves at the long run.

People who get into bitcoin at a younger age has relatively more ability to go for a relatively longer term than those who got into it an old age, you age can influence your choice and convictions. There are many concerns that comes with old age like health concerns, upkeep concerns, and other concerns and not having a regular source of income like the active days can force the older investor to sell his holdings and convert it into his savings to maintain his lifestyle.

It is clear that after making a long-term investment, if an investor monitors the market regularly and due to small changes in the market, that investor himself is affected and sells his investment, then this investment strategy is not called a long-term investment. If an investor sells his investment at some profit after purchase then we will consider it as early trading. Investing is not as easy as it sounds. In long term investment planning an investor needs to be patient enough and have the mindset to sacrifice a lot. After investing it is normal to make profit or loss due to market volatility, if you cannot hold enough capital during this temporary profit or loss then the investment is worthless.

Some investors believe that if they invest and see a small change in the market, it is appropriate to sell and take the profit, and it's wrong. As we often repeat, an investor who is willing to invest in bitcoin for a long time is anticipated to sell his investment after three or four years because, historically, the market always reaches an all-time high after that time.

However, many investors fail to comprehend when they should expect to make a significant return from their investment; it is best if they continue to invest throughout this period and wait at least four years before extracting profits.

If investors are affected by some general changes in the market, they will not be able to hold their investments for long. Holding investment is not easy at all, maybe when a new investor is involved in investing they think that investment is very easy and they can definitely hold their investment for a long time. But the problem here is that after investing, that investor may face many financial problems or may need a lot of money, but investors may think that since they have invested some amount of money, they should sell that amount of investment to meet their needs. Even from such an idea, many people cannot maintain the continuity of their investment for a long time. But if an investor makes a proper plan before investing and is able to do everything according to plan then it is possible for him to hold his investment for a long time.

A new investor is prone to facing the realities of investing in bitcoin and the temptations that comes with having funds somewhere and restraining yourself from touching it for a long term and all. At those time, it is possible for him to fail and sabotage his investments sometimes in order to survive, especially if he is very aggressive with his investment. Sometimes, they might hit an emergency that overhauls their emergency funds and they fall back to their holdings, such scenarios are expected since he's new to the system.  It might take some time for him to reach the maturity of consistency and commitment to his investment, but it is very important not to give up until you reach such maturity of stabilizing your cashflow and not having to prey on your holdings.

[MainIbem]

I'm sorry if you didn't get the context. I'm NOT calling Bitcoin a "Ponzi Scheme" because it's NOT that. Bitcoin is a Naturally-Occurring Ponzi. It's "Ponzi-Like", like Gold, it's NOT a Ponzi Scheme like those scams you read about in the news.

If you actually study and understand the market dynamics of Bitcoin and Gold, it does have a resemblance to a naturally-occurring Ponzi-Like process. - That creates a feedback loop from investors and speculators' positive projections/expectations which causes price surges WITHOUT a nefarious entity and WITHOUT fraudulent behavior.

I'm NOT saying that the market is a scam, ser. If you don't understand or didn't get the context, then I'm sorry.

What good does your apology mean when you still repeat the same statement that prompted the controversy in the first place? seems you are very much incorrigible, and hell-bent on associating bitcoin to Ponzi. No matter the image you are trying to project here, you have declared your intention as null and void with those connecting words and surely no bitcoin lover would even want to reason with you.

You are bringing in logics to clarify the propagation of bitcoin and you are employing a rather contradicting logic and terms to support your point, I wonder if you are so narrow minded that you don't tend to ever see things from others point of view and one thing you should know on a personal note is that when you are saying something and everybody is against you without even a supporter, then you are possibly wrong and should review your comments with optimism, because everybody cannot be wrong and only you is right.

for some personal idiosyncrasies, you are stubborn and raising a negative energy against the topic you created yourself and I am beginning to believe Samlucky O that you are an unserious person and unsteady with your stand on things. Well for your integrity sake and for the sake of misguiding newer people in the forum and this thread, keep your Ponzi mindset to yourself, understand it alone and quit repeating that bolded text anywhere in the thread.

When someone fails to learn from their errors and take corrections, they'll keep repeating the same errors over and over again and that's why he keeps relating Bitcoin to ponzi, there's no way he can try to sugar coat his words to favour him cause relating Bitcoin to ponzi alone is a very big error and shows that he's not willing to learn from something he's been corrected severally on. In this space, learning is a constant process it doesn't matter the rank of someone and when you're wrong, you're wrong. However, the best thing to do is admit you're wrong and take the necessary corrections instead of trying to prove a point that's unnecessary, it's as simple as that cause there's nothing he'll say to would justify his words that Bitcoin has a ponzi like criteria or process. The word ponzi alone is related with scam activities that blindfolds victims from seeing the possible scam in future whereas Bitcoin investment has nothing relating with scam, so far investors follow the due process their expectations would definitely be met, which is profits in future. The only way people get scammed through Bitcoin is when they fail to secure their portfolio or indulge in scam investments out of ignorance or greed.

[bubilas]

If you are still young, it is good that you extend your bitcoin investment timeline to 10 years and above because that is what really seems to be a long-term duration. You should know that the more you are increasing and hodli your bitcoin investment for a longer time, the more you have a bigger chance of increasing your bitcoin investment and enjoy the compounding effect of your portfolio over time. You will easily get to your bitcoin target and have a good size of bitcoin in future.

if you can make the investment at this young age by making sacrifices and prolonging it then you can expect something good in return later or something good is expected of you.

I know so many people are eager to start their bitcoin investment, but don't get me wrong, bitcoin investment is not something someone should rush into or make sacrifices to start because the person might fail with his bitcoin investment. If you are struggling to sort out your daily expenses, you are not ready to start a bitcoin investment, and don't try to make sacrifices by depriving yourself of some basic needs in your life just to invest in bitcoin. Bitcoin is a long-term investment, and if you want to succeed in bitcoin investment, you need to use the money that you will not need for 4-10 years or more, which will allow you not to temper your bitcoin investment because you used the money that is not allocated to solve any needs in your life for 4-10 years or more to invest in bitcoin, and you will be in a better position to hold your bitcoin for a long time.

That is why I like to advise investing even very small amounts, but nevertheless, so that the fact of investment exists. This allows such an investor to feel involved in the process of improving his situation. It also disciplines him. And this is important, because then he always thinks about it and in his life he begins to think a little differently.
And I am sure that each such investor will eventually find money, and at that moment he will be ready to be a truly serious investor in Bitcoin.

[terrific]

Those who have literally did the title, you we're all legends. 
And, that was epic.