Buy the DIP, and HODL!

[Merit.s]

You just blanketly proclaim bitcoin is better than gold in regards to privacy without even setting up any parameters?  I don't want to argue for gold, but I also know that even bitcoin has some problematic areas in regards to privacy and/or security, and there may be some actions that users need to take to protect their privacy, and it may well depend on the level of threat in regards to what measures might be taken, but bitcoin does not automatically have privacy, and there sometimes could be circumstances in which privacy is jeopardized in bitcoin, depending on from whom we might be wanting privacy, but if I am transacting 0.001 BTC ($118) with someone on the street from a regular bitcoin wallet, and if you are using a wallet that has a balance of 0.53 BTC ($62,540), then you might not want the person to know that you have $62,540 in your bitcoin wallet.  That could be a problem for someone who does not take adequate precautions.

It's good that one have up to two or more wallets should incase you plan to spend some bitcoin. One should have a hardware wallet, where he keeps majority of his bitcoin like 75% and keep 25% in two different hot wallet where he can spend from whenever he wants for privacy sake. So that you keep the accessibility of your total bitcoin secrete. However, their are some services that supports privacy but that makes it anonymous by not linking your addresses to one same person

[JayJuanGee]

You know it takes confidence and patience to invest in Bitcoin since it is a risky investment, but even at that we still see Bitcoin future very bright, and so we don't have any regrets in investing in Bitcoin in as much as we are investing for a long-term of 4-10 years or more and not a short-term .

Confidence and patience will grow naturally when you have mastered every detail about investing. When you are ready to invest for the long term by allocating funds that are not used for other needs or purposes, then continue investing by implementing the strategies you have mastered. Although Bitcoin is highly volatile and influenced by various factors, its future still looks very bright, based on past experience, Bitcoin has always managed to emerge from all pressure and has been able to achieve record after record as expected by most investors.

Based on technical and fundamental analysis, Bitcoin will continue to grow after gaining recognition and mass adoption by countries and institutional investors. Although we've just seen Bitcoin reach a new all-time high, this is still the beginning. You'll earn much greater profits if you can hold your investment for the long term 3-5 years or more. So, prepare yourself before the time comes.

When it comes to bitcoin 3-5 years is not long term. .and even 4-10 years would be short term in terms of potentially having legitimate reason to cash out of bitcoin based on age or health concerns.. otherwise long term should be considered as 10 years or longer.

Of course, there are some folks who get into bitcoin and they have a shorter than 10 year timeline since they have some kind of a specific lifestyle change that they want to make, such as purchasing a house or maybe bootstrapping some kind of a business that might generate income, and surely when folks are young they do need to generate income and sometimes they even need to update their skills so that they can increase their income when they are younger so that they can build their bitcoin investment.

[edited out]

You are absolutely right to point out that Bitcoin doesn't offer automatic privacy, and it is  important we don't paint it as flawless when it comes to things like anonymity or security. Compared to gold or cash, Bitcoin offers more utility and global accessibility, but there are trade offs.

Privacy on Bitcoin depends on how you use it  whether you are using CoinJoin, mixers, or privacy focused wallets...... Without those precautions, anyone with a block explorer can trace your transactions, balances, and history. That is  not ideal if you are dealing with people you don’t fully trust.

There are various ways to manage UTXOs manually too, in terms of batch sending and even  having several wallets that might have varying balances of bitcoin in various UTXOs, so even within a wallet there might be several accounts and within an account there may be several UTXOs, and we can manage our UTXOs with coin control.

So if I am going to buy some furniture from a store and it costs something like 0.011432973 BTC for the whole purchase and maybe I have a wallet that has an account that has several different sizes of UTXOs, so I utilize coin control to send from a wallet that has some slightly higher balance.  

Or maybe I have time to pay in advance, so I end up selecting from a wallet that has .079342152, and so I decide to send 3-4 transactions simultaneously, so the recipient cannot determine which of the UTXOs are under my control and which of the UTXOs are not, yet sometimes we still might want to be careful about having transactions in the same hop, so we might want to have an extra hop in there so that, the transaction is sent from even a smaller wallet that is closer to the size of the transaction, so then the recipient sees the transaction coming from a smaller wallet.  We could also use lightning network, and there are more and more tools coming available to obscure bitcoin transactions.  Some folks choose to use a wallet from an exchange, which sort of defeats part of the purpose of peer to peer transaction, even though it could be useful in some cases to use exchange wallets that would not show our own personal account balances.

So yes, Bitcoin is better in many structural ways than gold or cash  especially in storage, transfer speed, and borderless use but it is  not magically private......People need to understand the tools and threats involved, otherwise they might unknowingly compromise their own privacy and security.
Being bullish on Bitcoin doesn’t mean ignoring its current limitations.

There can be situations when people end up sharing too much, and even if I do a bitcoin transaction with a friend in 2017, yet if I do not move the change address, the transaction in 2017 might have been worth a couple thousand dollars (1 or 2 bitcoin) and maybe my change was a couple thousand dollars (1 or 2 bitcoin), but then that balance of 1 or 2 bitcoin is now worth way more than what it was worth in 2017, and many folks do not even have 1 or 2 bitcoin, even though prior to 2017, we might have had been transacting with several bitcoin at at time, especially if we might have made some large purchases with bitcoin, we may have sent several bitcoin for a transaction that was a couple thousand dollars.

Confidence and patience will grow naturally when you have mastered every detail about investing. When you are ready to invest for the long term by allocating funds that are not used for other needs or purposes, then continue investing by implementing the strategies you have mastered. Although Bitcoin is highly volatile and influenced by various factors, its future still looks very bright, based on past experience, Bitcoin has always managed to emerge from all pressure and has been able to achieve record after record as expected by most investors.

Based on technical and fundamental analysis, Bitcoin will continue to grow after gaining recognition and mass adoption by countries and institutional investors. Although we've just seen Bitcoin reach a new all-time high, this is still the beginning. You'll earn much greater profits if you can hold your investment for the long term 3-5 years or more. So, prepare yourself before the time comes.

Absolutely agree. Confidence in Bitcoin grows when you fully understand the investment and both the risks and the potential. Long term commitment with unemotional, disciplined investing tends to reward those who stay the course........ Despite volatility, Bitcoin has proven time and again that it recovers stronger. With growing adoption from institutions and nations, we are  still early.......Patience, strategy, and consistency are key,this cycle is just the beginning.

This cycle is the beginning for some, and so yeah, anyone new to bitcoin likely will need to spend a whole cycle or a few cycles building up his bitcoin stash, and it tends to take a decent amount of time to build a bitcoin stash, even if a person is relatively focused on accumulating bitcoin.

You just blanketly proclaim bitcoin is better than gold in regards to privacy without even setting up any parameters?  I don't want to argue for gold, but I also know that even bitcoin has some problematic areas in regards to privacy and/or security, and there may be some actions that users need to take to protect their privacy, and it may well depend on the level of threat in regards to what measures might be taken, but bitcoin does not automatically have privacy, and there sometimes could be circumstances in which privacy is jeopardized in bitcoin, depending on from whom we might be wanting privacy, but if I am transacting 0.001 BTC ($118) with someone on the street from a regular bitcoin wallet, and if you are using a wallet that has a balance of 0.53 BTC ($62,540), then you might not want the person to know that you have $62,540 in your bitcoin wallet.  That could be a problem for someone who does not take adequate precautions.

It's good that one have up to two or more wallets should incase you plan to spend some bitcoin. One should have a hardware wallet, where he keeps majority of his bitcoin like 75% and keep 25% in two different hot wallet where he can spend from whenever he wants for privacy sake. So that you keep the accessibility of your total bitcoin secrete. However, their are some services that supports privacy but that makes it anonymous by not linking your addresses to one same person

Wallets can have accounts within them, and even within the accounts, there will tend to be several UTXOs, as long as the wallet is being used frequently.  Many of the current wallets have abilities to employ coin control so that we can choose from which UTXOs to spend, which may help with privacy and also with transaction cost if we have a UTX0 that is close to the same size or perhaps if the UTXO is double the size of the transaction that we want to do, then we will send one transaction of one size and then our change UTXO will be right around the same size.

Sometimes we combine our UTXOs, yet combining UTXOs could have privacy implications since when several UTXOs are combined, then it becomes known that the recipient is the same owner and likely the UTXOs are the same owner too.. do there can be problems with that.

Some folks maintain some wallets (or UTXOs or accounts within wallets) as one category of KYC UTXOs and others might be NON-KYC UTXOs, and these can be ways to separate out UTXOs, besides possibly labelling their UTXOs so that they are keeping track in that way.

So for example, if a person is buying BTC on an exchange (or exchanges) and so maybe he sends all of those transactions to one wallet, and when it comes time to sell some of the BTC on the exchange, he would take from UTXOs that were already used to transact with the exchange rather than taking from other wallets (UTXOs) that might be considered in the non-KYC category.  If many years pass, it can be difficult to remember details of various transactions that had taken place.

[abaeze]

74% of Bitcoin is now in the hands of long-term holders, which is the highest in the last 15 years. No one is selling. This is actually very pleasing to hear and encouraging for those of us who have been involved in long-term investments for a long time and we have been discussing this topic here for a long time. We will definitely see a good portfolio in our wallets in the future.

Source

[yixichloro2xx]

There are various ways to manage UTXOs manually too, in terms of batch sending and even  having several wallets that might have varying balances of bitcoin in various UTXOs, so even within a wallet there might be several accounts and within an account there may be several UTXOs, and we can manage our UTXOs with coin control.

So if I am going to buy some furniture from a store and it costs something like 0.011432973 BTC for the whole purchase and maybe I have a wallet that has an account that has several different sizes of UTXOs, so I utilize coin control to send from a wallet that has some slightly higher balance.  

Or maybe I have time to pay in advance, so I end up selecting from a wallet that has .079342152, and so I decide to send 3-4 transactions simultaneously, so the recipient cannot determine which of the UTXOs are under my control and which of the UTXOs are not, yet sometimes we still might want to be careful about having transactions in the same hop, so we might want to have an extra hop in there so that, the transaction is sent from even a smaller wallet that is closer to the size of the transaction, so then the recipient sees the transaction coming from a smaller wallet.  We could also use lightning network, and there are more and more tools coming available to obscure bitcoin transactions.  Some folks choose to use a wallet from an exchange, which sort of defeats part of the purpose of peer to peer transaction, even though it could be useful in some cases to use exchange wallets that would not show our own personal account balances.

Not many users truly understand how much metadata they leak by just casually spending without considering UTXO structure or coin control. Your example perfectly Explains why intentional input selection matters, not just for privacy, but also for avoiding dust, minimizing change, and protecting spending patterns. The part about sending multiple transactions or routing through an intermediate wallet is a clever tactic. Many still underestimate how powerful an extra hop or even simple wallet separation can be in breaking heuristic assumptions used in chain analysis.
As Bitcoin matures, I believe privacy conscious behavior like this will be more crucial, especially with increasing surveillance and blacklisting on chain. Tools like the Lightning Network and even collaborative coin joins like Whirlpool or JoinMarket also deserve more adoption among users who care about fungibility....

There can be situations when people end up sharing too much, and even if I do a bitcoin transaction with a friend in 2017, yet if I do not move the change address, the transaction in 2017 might have been worth a couple thousand dollars (1 or 2 bitcoin) and maybe my change was a couple thousand dollars (1 or 2 bitcoin), but then that balance of 1 or 2 bitcoin is now worth way more than what it was worth in 2017, and many folks do not even have 1 or 2 bitcoin, even though prior to 2017, we might have had been transacting with several bitcoin at at time, especially if we might have made some large purchases with bitcoin, we may have sent several bitcoin for a transaction that was a couple thousand dollars.

This  really highlights how drastically Bitcoin’s value has evolved over time. What used to feel like casual transactions  like  sending 1 or 2 BTC for basic purchases now seem like moves worth a small fortune. It’s crazy to think that something as simple as not moving your change from a 2017 transaction could mean you are still sitting on a huge balance today without realizing it....This is why Bitcoin truly rewards time and patience  and why being cautious with past addresses and transaction history is more important than ever.

This cycle is the beginning for some, and so yeah, anyone new to bitcoin likely will need to spend a whole cycle or a few cycles building up his bitcoin stash, and it tends to take a decent amount of time to build a bitcoin stash, even if a person is relatively focused on accumulating bitcoin.

Many people underestimate the time and consistency it actually takes to build a meaningful Bitcoin position. It is  not just about catching the perfect dip or riding one bull cycle, it is  about developing the mindset to accumulate steadily, even when the hype dies down. Every cycle teaches something new, and those who stay committed through the quiet phases are usually the ones who end up with the strongest hands and the biggest rewards in the long run. This current cycle could be the proving ground for a lot of new entrants.....

[Miramax12]

you are actually right,  Bitcoin isn’t just a trade it’s a mindset shift. Thinking long-term, even beyond 10 years, changes how you see value itself. It's not just about gains, it's about preservation and freedom from inflation. Just like we wouldn’t question saving gold or real estate for decades, Bitcoin should be treated the same if not more seriously in this digital age. Small, consistent moves now could mean long-term financial strength. The key? Patience and perspective.

You've made a great point, well comparing bitcoin to real estate and gold. Honestly the price of bitcoin is far more valuable than gold but gold has more market cap than bitcoin and that is because the old didn't have access to the Internet so they valued physical thing they can see and touch, though gold has several  lapses like weight especially when we are talking about large quantity. .

In a word we can say Bitcoin is the best for privacy, no matter how much you use Bitcoin you can easily move around with it depending on the holding status. No one will suspect you but whenever you use gold you are most likely to get robbed immediately, and if you have excess gold then your family can put you in danger.
Just like fiat money, if you have excess money than you need then your house will be most likely to get robbed so no matter how you prove it, Bitcoin is playing the best role in terms of privacy and its demand is increasing rapidly all over the world.

You should try to be a bit more fair when you are describing the characteristics of bitcoin versus other ways of transacting value, whether you are referring to gold or any other way of transacting value.

Bitcoin is better than gold and better than cash in a lot of ways, but there are still trade offset, when we are talking about privacy, security or traceability... and perhaps what kind of tools and/or resources that you might need to hold or transact in bitcoin or any other way.

You just blanketly proclaim bitcoin is better than gold in regards to privacy without even setting up any parameters?  I don't want to argue for gold, but I also know that even bitcoin has some problematic areas in regards to privacy and/or security, and there may be some actions that users need to take to protect their privacy, and it may well depend on the level of threat in regards to what measures might be taken, but bitcoin does not automatically have privacy, and there sometimes could be circumstances in which privacy is jeopardized in bitcoin, depending on from whom we might be wanting privacy, but if I am transacting 0.001 BTC ($118) with someone on the street from a regular bitcoin wallet, and if you are using a wallet that has a balance of 0.53 BTC ($62,540), then you might not want the person to know that you have $62,540 in your bitcoin wallet.  That could be a problem for someone who does not take adequate precautions.

Bitcoin truly represents more than just a financial asset it’s a shift in how we think about value, ownership, and long-term security. The comparison to gold and real estate is spot on. While gold has history and familiarity on its side, Bitcoin brings something more powerful to the table: mobility, privacy, and digital resilience.
You made a great point about the older generation valuing tangible assets. But in today’s world, where everything is becoming digital, Bitcoin feels like the natural evolution. It’s borderless, weightless, and permissionless that alone gives it an edge in the modern era.
At the end of the day, it’s about understanding the bigger picture. The ability to store wealth securely without fear of inflation or physical risk is a game changer. Patience, perspective, and consistency that’s the mindset.

[Olatundespo]

74% of Bitcoin is now in the hands of long-term holders, which is the highest in the last 15 years. No one is selling. This is actually very pleasing to hear and encouraging for those of us who have been involved in long-term investments for a long time and we have been discussing this topic here for a long time. We will definitely see a good portfolio in our wallets in the future.

Source

Because most of them know that the supply of Bitcoin is limited (21 million) and this supply will not change. As time goes by, the demand will continue to increase. Folk will tend to accumulate more Bitcoin. In reality when a countries government print fiat due to excess demand, it increases compared to the countries total assets value, resulting in inflation. Such decisions tend to reduce the value of a countries total assets and the value of fiat tends to depreciate. The shortage of Bitcoin supply will increase the possibility of its worth increasing multiple in the future. Standard Chartered has made an objective estimate of the price of Bitcoin, they expect its price to exceed $200k before the end of this year.



https://cointelegraph.com/news/standard-chartered-bitcoin-price-135000-q3-2025

[Kelward]

You know it takes confidence and patience to invest in Bitcoin since it is a risky investment, but even at that we still see Bitcoin future very bright, and so we don't have any regrets in investing in Bitcoin in as much as we are investing for a long-term of 4-10 years or more and not a short-term .

Confidence and patience will grow naturally when you have mastered every detail about investing. When you are ready to invest for the long term by allocating funds that are not used for other needs or purposes, then continue investing by implementing the strategies you have mastered. Although Bitcoin is highly volatile and influenced by various factors, its future still looks very bright, based on past experience, Bitcoin has always managed to emerge from all pressure and has been able to achieve record after record as expected by most investors.

Based on technical and fundamental analysis, Bitcoin will continue to grow after gaining recognition and mass adoption by countries and institutional investors. Although we've just seen Bitcoin reach a new all-time high, this is still the beginning. You'll earn much greater profits if you can hold your investment for the long term 3-5 years or more. So, prepare yourself before the time comes.

Bitcoin risk is very minimal if you understand how it works, if you are holding for a long term there's no need to worry about dip and loses. The strategy to being profitable in Bitcoin is to hold for a long term by that you have eliminated the panic of volatility that can lead to price dump. There's no level of dump that Bitcoin can get to without bouncing back to recovery then continue to skyrocket and hit ATH in bull circles. You can panic if you're holding get rich quick shitcoins that hypes and promises unrealistic returns on the short term. I've always said that Bitcoin risks when you're holding for a long term are mostly external like losing the custody of your Bitcoin wallet.

[JayJuanGee]

There are various ways to manage UTXOs manually too, in terms of batch sending and even  having several wallets that might have varying balances of bitcoin in various UTXOs, so even within a wallet there might be several accounts and within an account there may be several UTXOs, and we can manage our UTXOs with coin control.

So if I am going to buy some furniture from a store and it costs something like 0.011432973 BTC for the whole purchase and maybe I have a wallet that has an account that has several different sizes of UTXOs, so I utilize coin control to send from a wallet that has some slightly higher balance.  

Or maybe I have time to pay in advance, so I end up selecting from a wallet that has .079342152, and so I decide to send 3-4 transactions simultaneously, so the recipient cannot determine which of the UTXOs are under my control and which of the UTXOs are not, yet sometimes we still might want to be careful about having transactions in the same hop, so we might want to have an extra hop in there so that, the transaction is sent from even a smaller wallet that is closer to the size of the transaction, so then the recipient sees the transaction coming from a smaller wallet.  We could also use lightning network, and there are more and more tools coming available to obscure bitcoin transactions.  Some folks choose to use a wallet from an exchange, which sort of defeats part of the purpose of peer to peer transaction, even though it could be useful in some cases to use exchange wallets that would not show our own personal account balances.

Not many users truly understand how much metadata they leak by just casually spending without considering UTXO structure or coin control. Your example perfectly Explains why intentional input selection matters, not just for privacy, but also for avoiding dust, minimizing change, and protecting spending patterns. The part about sending multiple transactions or routing through an intermediate wallet is a clever tactic. Many still underestimate how powerful an extra hop or even simple wallet separation can be in breaking heuristic assumptions used in chain analysis.
As Bitcoin matures, I believe privacy conscious behavior like this will be more crucial, especially with increasing surveillance and blacklisting on chain. Tools like the Lightning Network and even collaborative coin joins like Whirlpool or JoinMarket also deserve more adoption among users who care about fungibility....

Another thing is that maybe you have a UTXO that is decent size (maybe around 0.7 BTC), and then maybe in June 2024  you send a transaction but you send two to yourself.. .. That then becomes 1) 0.27234954 self 2)  0.1943275 self  3) 0.0032764 (transaction)  4) 0.23769546 change   You then have 3 UTXOs instead of 1.

Maybe in December 2024 you have another transaction that you would like to make, so you decide to take from the first UTXO, and you end up splitting it the same way, two to self 1 transaction and change.

Maybe in June 2025, you have another transaction and you are going to send to 3 family members (it will have a total of about .00432 in the transaction),  yet you still choose from # 4 UTXO that had been created in June 2024... So you would have three transactions to your family members, and maybe 1 or 2 to yourself and change.  With the passage of time, you might have some UTXOs that have sat for several years since they were last touched... and sure it can be a bit of work to send to several different wallets or accounts within wallets, and it can also be a bit of work to keep track of these... Some of the wallets, UTXOs might be more in cold storage and other wallets might be hot wallets, yet of course, we will suggest to keeps smaller amounts on hot wallets, you can still have some wallets you consider to be intermediate wallets.

There can be situations when people end up sharing too much, and even if I do a bitcoin transaction with a friend in 2017, yet if I do not move the change address, the transaction in 2017 might have been worth a couple thousand dollars (1 or 2 bitcoin) and maybe my change was a couple thousand dollars (1 or 2 bitcoin), but then that balance of 1 or 2 bitcoin is now worth way more than what it was worth in 2017, and many folks do not even have 1 or 2 bitcoin, even though prior to 2017, we might have had been transacting with several bitcoin at at time, especially if we might have made some large purchases with bitcoin, we may have sent several bitcoin for a transaction that was a couple thousand dollars.

This  really highlights how drastically Bitcoin’s value has evolved over time. What used to feel like casual transactions  like  sending 1 or 2 BTC for basic purchases now seem like moves worth a small fortune. It’s crazy to think that something as simple as not moving your change from a 2017 transaction could mean you are still sitting on a huge balance today without realizing it....This is why Bitcoin truly rewards time and patience  and why being cautious with past addresses and transaction history is more important than ever.

Guys who have been in bitcoin for a while have these kinds of stories, including that in 2015 (when BTC prices were around $250) they might have had like a few thousand dollars on some hot wallet (and maybe it was too much?) and maybe they had $15k or $20k in some wallet that they considered a bit more secure, but surely not totally secure.

But then when bitcoin prices went up to $19,666 within 2 years, they might not have had kept their security at the place that it should have had been, so then the few thousand in the hot wallet might have had turned into $100k or $200k... .. and the larger amounts of $15k to $20k might have turned into more than $1 million. .. since the price rise was around 78x in about 2 years.

Similar things happened in 2021, yet the price rise was ONLY around 16.5x in 2.5-ish years... so 2021 was a bit less extreme as compared with 2017.. and surely the rise in 2013 was even greater,.. since it was a rise of more than 200x in the period from 2012 to the 2013 peak.

This cycle is the beginning for some, and so yeah, anyone new to bitcoin likely will need to spend a whole cycle or a few cycles building up his bitcoin stash, and it tends to take a decent amount of time to build a bitcoin stash, even if a person is relatively focused on accumulating bitcoin.

Many people underestimate the time and consistency it actually takes to build a meaningful Bitcoin position. It is  not just about catching the perfect dip or riding one bull cycle, it is  about developing the mindset to accumulate steadily, even when the hype dies down. Every cycle teaches something new, and those who stay committed through the quiet phases are usually the ones who end up with the strongest hands and the biggest rewards in the long run. This current cycle could be the proving ground for a lot of new entrants.....

There could be a lot of guys who don't necessarily want to get focused on making money, but then when they figure out bitcoin is a great place to put any extra money that they are able to generate, then they may well become motivated to make more money and even save more money by spending less, and then they suddenly feel that they have identified a place in which they are able to put their extra money and not feel like it is losing value and/or feel that they have to spend it right away in order to preserve its purchasing power.

[edited out]

Bitcoin truly represents more than just a financial asset it’s a shift in how we think about value, ownership, and long-term security. The comparison to gold and real estate is spot on. While gold has history and familiarity on its side, Bitcoin brings something more powerful to the table: mobility, privacy, and digital resilience.
You made a great point about the older generation valuing tangible assets. But in today’s world, where everything is becoming digital, Bitcoin feels like the natural evolution. It’s borderless, weightless, and permissionless that alone gives it an edge in the modern era.
At the end of the day, it’s about understanding the bigger picture. The ability to store wealth securely without fear of inflation or physical risk is a game changer. Patience, perspective, and consistency that’s the mindset.

When it comes to money, there is something valuable in regards to the non-physicality.. but at the same time, the non-physicality of the value of bitcoin has been secured in decentralized ways that make it verifiable and there are no copies of it, even though it can be divided into smaller or larger units. 

Sure there can be times in which physicality is preferred, but if a guy has a few million in value, he is going to have easier times to hold it, conceal it and move it around when it is in bitcoin as compared with if that same value were in gold (physical or some paper representation) or dollars (or other fiat whether physical or held by a third party). There can be difficulties with the larger amounts, yet there are also some potential inconveniences with smaller amounts too. 

Bitcoin is not without some challenges and even some technical questions regarding various ways to access the bitcoin or to guard it or to guard its back ups so that someone might not be able to take it when mistakes are made.

[yixichloro2xx]

There are various ways to manage UTXOs manually too, in terms of batch sending and even  having several wallets that might have varying balances of bitcoin in various UTXOs, so even within a wallet there might be several accounts and within an account there may be several UTXOs, and we can manage our UTXOs with coin control.

So if I am going to buy some furniture from a store and it costs something like 0.011432973 BTC for the whole purchase and maybe I have a wallet that has an account that has several different sizes of UTXOs, so I utilize coin control to send from a wallet that has some slightly higher balance.  

Or maybe I have time to pay in advance, so I end up selecting from a wallet that has .079342152, and so I decide to send 3-4 transactions simultaneously, so the recipient cannot determine which of the UTXOs are under my control and which of the UTXOs are not, yet sometimes we still might want to be careful about having transactions in the same hop, so we might want to have an extra hop in there so that, the transaction is sent from even a smaller wallet that is closer to the size of the transaction, so then the recipient sees the transaction coming from a smaller wallet.  We could also use lightning network, and there are more and more tools coming available to obscure bitcoin transactions.  Some folks choose to use a wallet from an exchange, which sort of defeats part of the purpose of peer to peer transaction, even though it could be useful in some cases to use exchange wallets that would not show our own personal account balances.

Not many users truly understand how much metadata they leak by just casually spending without considering UTXO structure or coin control. Your example perfectly Explains why intentional input selection matters, not just for privacy, but also for avoiding dust, minimizing change, and protecting spending patterns. The part about sending multiple transactions or routing through an intermediate wallet is a clever tactic. Many still underestimate how powerful an extra hop or even simple wallet separation can be in breaking heuristic assumptions used in chain analysis.
As Bitcoin matures, I believe privacy conscious behavior like this will be more crucial, especially with increasing surveillance and blacklisting on chain. Tools like the Lightning Network and even collaborative coin joins like Whirlpool or JoinMarket also deserve more adoption among users who care about fungibility....

Another thing is that maybe you have a UTXO that is decent size (maybe around 0.7 BTC), and then maybe in June 2024  you send a transaction but you send two to yourself.. .. That then becomes 1) 0.27234954 self 2)  0.1943275 self  3) 0.0032764 (transaction)  4) 0.23769546 change   You then have 3 UTXOs instead of 1.

Maybe in December 2024 you have another transaction that you would like to make, so you decide to take from the first UTXO, and you end up splitting it the same way, two to self 1 transaction and change.

Maybe in June 2025, you have another transaction and you are going to send to 3 family members (it will have a total of about .00432 in the transaction),  yet you still choose from # 4 UTXO that had been created in June 2024... So you would have three transactions to your family members, and maybe 1 or 2 to yourself and change.  With the passage of time, you might have some UTXOs that have sat for several years since they were last touched... and sure it can be a bit of work to send to several different wallets or accounts within wallets, and it can also be a bit of work to keep track of these... Some of the wallets, UTXOs might be more in cold storage and other wallets might be hot wallets, yet of course, we will suggest to keeps smaller amounts on hot wallets, you can still have some wallets you consider to be intermediate wallets.

That’s a very good breakdown. A lot of people don’t realize how their UTXOs can start to stack up and spread over time, especially if they have been using Bitcoin for a while across different cycles. What you explained is exactly how it happens..... one transaction here, another there, and before you know it, you have several small UTXOs in different wallets.

I also like the point about keeping some wallets as intermediate ones. It makes a lot of sense to have levels between hot and cold storage, depending on how often you plan to use the coins. Keeping track of all this might seem like a lot, but if someone is serious about holding long term, this kind of planning will really help later....

It’s small details like these that really show the maturity of a Bitcoin user. You are not just holding, you are  managing your stack with long term clarity. Thanks for sharing that, it reinforces why thinking in UTXOs, not just BTC balances, matters a lot......

There can be situations when people end up sharing too much, and even if I do a bitcoin transaction with a friend in 2017, yet if I do not move the change address, the transaction in 2017 might have been worth a couple thousand dollars (1 or 2 bitcoin) and maybe my change was a couple thousand dollars (1 or 2 bitcoin), but then that balance of 1 or 2 bitcoin is now worth way more than what it was worth in 2017, and many folks do not even have 1 or 2 bitcoin, even though prior to 2017, we might have had been transacting with several bitcoin at at time, especially if we might have made some large purchases with bitcoin, we may have sent several bitcoin for a transaction that was a couple thousand dollars.

This  really highlights how drastically Bitcoin’s value has evolved over time. What used to feel like casual transactions  like  sending 1 or 2 BTC for basic purchases now seem like moves worth a small fortune. It’s crazy to think that something as simple as not moving your change from a 2017 transaction could mean you are still sitting on a huge balance today without realizing it....This is why Bitcoin truly rewards time and patience  and why being cautious with past addresses and transaction history is more important than ever.

Guys who have been in bitcoin for a while have these kinds of stories, including that in 2015 (when BTC prices were around $250) they might have had like a few thousand dollars on some hot wallet (and maybe it was too much?) and maybe they had $15k or $20k in some wallet that they considered a bit more secure, but surely not totally secure.

But then when bitcoin prices went up to $19,666 within 2 years, they might not have had kept their security at the place that it should have had been, so then the few thousand in the hot wallet might have had turned into $100k or $200k... .. and the larger amounts of $15k to $20k might have turned into more than $1 million. .. since the price rise was around 78x in about 2 years.

Similar things happened in 2021, yet the price rise was ONLY around 16.5x in 2.5-ish years... so 2021 was a bit less extreme as compared with 2017.. and surely the rise in 2013 was even greater,.. since it was a rise of more than 200x in the period from 2012 to the 2013 peak.

Yeah, stories like this are part of what makes Bitcoin so wild and interesting. Back then, a few thousand dollars in a wallet didn’t feel like much, but once the price shoots up 70x or more, that same wallet suddenly feels like a vault. It is easy to forget how fast things can change  and how fast we can get caught off guard if we are not managing risk properly.......

A lot of people learned the hard way that security should grow with your stack. What felt secure enough at $250 per BTC didn’t hold up when BTC hit $19k or more. And yeah, while 2021 didn’t feel as crazy as 2017 or 2013, the gains were still life changing for many. These cycles really do teach us,  not just about holding, but also about how to stay prepared when success shows up faster than expected.......

[quote

This cycle is the beginning for some, and so yeah, anyone new to bitcoin likely will need to spend a whole cycle or a few cycles building up his bitcoin stash, and it tends to take a decent amount of time to build a bitcoin stash, even if a person is relatively focused on accumulating bitcoin.

Many people underestimate the time and consistency it actually takes to build a meaningful Bitcoin position. It is  not just about catching the perfect dip or riding one bull cycle, it is  about developing the mindset to accumulate steadily, even when the hype dies down. Every cycle teaches something new, and those who stay committed through the quiet phases are usually the ones who end up with the strongest hands and the biggest rewards in the long run. This current cycle could be the proving ground for a lot of new entrants.....

There could be a lot of guys who don't necessarily want to get focused on making money, but then when they figure out bitcoin is a great place to put any extra money that they are able to generate, then they may well become motivated to make more money and even save more money by spending less, and then they suddenly feel that they have identified a place in which they are able to put their extra money and not feel like it is losing value and/or feel that they have to spend it right away in order to preserve its purchasing power.

A lot of people don’t start out thinking about wealth building or financial discipline, but once they understand Bitcoin potential, everything changes..... Suddenly, every bit of extra cash feels like an opportunity rather than something to spend immediately. It flips the script, instead of money burning a hole in your pocket, you start seeing sats as something worth stacking and protecting.
Bitcoin quietly trains people to value their time and money more and that’s something no fiat system really encourages.......

[Miramax12]

You know it takes confidence and patience to invest in Bitcoin since it is a risky investment, but even at that we still see Bitcoin future very bright, and so we don't have any regrets in investing in Bitcoin in as much as we are investing for a long-term of 4-10 years or more and not a short-term .

Confidence and patience will grow naturally when you have mastered every detail about investing. When you are ready to invest for the long term by allocating funds that are not used for other needs or purposes, then continue investing by implementing the strategies you have mastered. Although Bitcoin is highly volatile and influenced by various factors, its future still looks very bright, based on past experience, Bitcoin has always managed to emerge from all pressure and has been able to achieve record after record as expected by most investors.

Based on technical and fundamental analysis, Bitcoin will continue to grow after gaining recognition and mass adoption by countries and institutional investors. Although we've just seen Bitcoin reach a new all-time high, this is still the beginning. You'll earn much greater profits if you can hold your investment for the long term 3-5 years or more. So, prepare yourself before the time comes.

When it comes to bitcoin 3-5 years is not long term. .and even 4-10 years would be short term in terms of potentially having legitimate reason to cash out of bitcoin based on age or health concerns.. otherwise long term should be considered as 10 years or longer.

Of course, there are some folks who get into bitcoin and they have a shorter than 10 year timeline since they have some kind of a specific lifestyle change that they want to make, such as purchasing a house or maybe bootstrapping some kind of a business that might generate income, and surely when folks are young they do need to generate income and sometimes they even need to update their skills so that they can increase their income when they are younger so that they can build their bitcoin investment.

[edited out]

You are absolutely right to point out that Bitcoin doesn't offer automatic privacy, and it is  important we don't paint it as flawless when it comes to things like anonymity or security. Compared to gold or cash, Bitcoin offers more utility and global accessibility, but there are trade offs.

Privacy on Bitcoin depends on how you use it  whether you are using CoinJoin, mixers, or privacy focused wallets...... Without those precautions, anyone with a block explorer can trace your transactions, balances, and history. That is  not ideal if you are dealing with people you don’t fully trust.

There are various ways to manage UTXOs manually too, in terms of batch sending and even  having several wallets that might have varying balances of bitcoin in various UTXOs, so even within a wallet there might be several accounts and within an account there may be several UTXOs, and we can manage our UTXOs with coin control.

So if I am going to buy some furniture from a store and it costs something like 0.011432973 BTC for the whole purchase and maybe I have a wallet that has an account that has several different sizes of UTXOs, so I utilize coin control to send from a wallet that has some slightly higher balance.  

Or maybe I have time to pay in advance, so I end up selecting from a wallet that has .079342152, and so I decide to send 3-4 transactions simultaneously, so the recipient cannot determine which of the UTXOs are under my control and which of the UTXOs are not, yet sometimes we still might want to be careful about having transactions in the same hop, so we might want to have an extra hop in there so that, the transaction is sent from even a smaller wallet that is closer to the size of the transaction, so then the recipient sees the transaction coming from a smaller wallet.  We could also use lightning network, and there are more and more tools coming available to obscure bitcoin transactions.  Some folks choose to use a wallet from an exchange, which sort of defeats part of the purpose of peer to peer transaction, even though it could be useful in some cases to use exchange wallets that would not show our own personal account balances.

So yes, Bitcoin is better in many structural ways than gold or cash  especially in storage, transfer speed, and borderless use but it is  not magically private......People need to understand the tools and threats involved, otherwise they might unknowingly compromise their own privacy and security.
Being bullish on Bitcoin doesn’t mean ignoring its current limitations.

There can be situations when people end up sharing too much, and even if I do a bitcoin transaction with a friend in 2017, yet if I do not move the change address, the transaction in 2017 might have been worth a couple thousand dollars (1 or 2 bitcoin) and maybe my change was a couple thousand dollars (1 or 2 bitcoin), but then that balance of 1 or 2 bitcoin is now worth way more than what it was worth in 2017, and many folks do not even have 1 or 2 bitcoin, even though prior to 2017, we might have had been transacting with several bitcoin at at time, especially if we might have made some large purchases with bitcoin, we may have sent several bitcoin for a transaction that was a couple thousand dollars.

Confidence and patience will grow naturally when you have mastered every detail about investing. When you are ready to invest for the long term by allocating funds that are not used for other needs or purposes, then continue investing by implementing the strategies you have mastered. Although Bitcoin is highly volatile and influenced by various factors, its future still looks very bright, based on past experience, Bitcoin has always managed to emerge from all pressure and has been able to achieve record after record as expected by most investors.

Based on technical and fundamental analysis, Bitcoin will continue to grow after gaining recognition and mass adoption by countries and institutional investors. Although we've just seen Bitcoin reach a new all-time high, this is still the beginning. You'll earn much greater profits if you can hold your investment for the long term 3-5 years or more. So, prepare yourself before the time comes.

Absolutely agree. Confidence in Bitcoin grows when you fully understand the investment and both the risks and the potential. Long term commitment with unemotional, disciplined investing tends to reward those who stay the course........ Despite volatility, Bitcoin has proven time and again that it recovers stronger. With growing adoption from institutions and nations, we are  still early.......Patience, strategy, and consistency are key,this cycle is just the beginning.

This cycle is the beginning for some, and so yeah, anyone new to bitcoin likely will need to spend a whole cycle or a few cycles building up his bitcoin stash, and it tends to take a decent amount of time to build a bitcoin stash, even if a person is relatively focused on accumulating bitcoin.

You just blanketly proclaim bitcoin is better than gold in regards to privacy without even setting up any parameters?  I don't want to argue for gold, but I also know that even bitcoin has some problematic areas in regards to privacy and/or security, and there may be some actions that users need to take to protect their privacy, and it may well depend on the level of threat in regards to what measures might be taken, but bitcoin does not automatically have privacy, and there sometimes could be circumstances in which privacy is jeopardized in bitcoin, depending on from whom we might be wanting privacy, but if I am transacting 0.001 BTC ($118) with someone on the street from a regular bitcoin wallet, and if you are using a wallet that has a balance of 0.53 BTC ($62,540), then you might not want the person to know that you have $62,540 in your bitcoin wallet.  That could be a problem for someone who does not take adequate precautions.

It's good that one have up to two or more wallets should incase you plan to spend some bitcoin. One should have a hardware wallet, where he keeps majority of his bitcoin like 75% and keep 25% in two different hot wallet where he can spend from whenever he wants for privacy sake. So that you keep the accessibility of your total bitcoin secrete. However, their are some services that supports privacy but that makes it anonymous by not linking your addresses to one same person

Wallets can have accounts within them, and even within the accounts, there will tend to be several UTXOs, as long as the wallet is being used frequently.  Many of the current wallets have abilities to employ coin control so that we can choose from which UTXOs to spend, which may help with privacy and also with transaction cost if we have a UTX0 that is close to the same size or perhaps if the UTXO is double the size of the transaction that we want to do, then we will send one transaction of one size and then our change UTXO will be right around the same size.

Sometimes we combine our UTXOs, yet combining UTXOs could have privacy implications since when several UTXOs are combined, then it becomes known that the recipient is the same owner and likely the UTXOs are the same owner too.. do there can be problems with that.

Some folks maintain some wallets (or UTXOs or accounts within wallets) as one category of KYC UTXOs and others might be NON-KYC UTXOs, and these can be ways to separate out UTXOs, besides possibly labelling their UTXOs so that they are keeping track in that way.

So for example, if a person is buying BTC on an exchange (or exchanges) and so maybe he sends all of those transactions to one wallet, and when it comes time to sell some of the BTC on the exchange, he would take from UTXOs that were already used to transact with the exchange rather than taking from other wallets (UTXOs) that might be considered in the non-KYC category.  If many years pass, it can be difficult to remember details of various transactions that had taken place.

you are actually right , Investing in Bitcoin isn’t just about following the hype it’s about understanding the fundamentals, having a clear long-term vision, and the discipline to stay patient during the ups and downs. The market tests your conviction, but those who truly understand why they invested in the first place are the ones who tend to come out on top. Long-term thinking is key.

[Jostern]

You know it takes confidence and patience to invest in Bitcoin since it is a risky investment, but even at that we still see Bitcoin future very bright, and so we don't have any regrets in investing in Bitcoin in as much as we are investing for a long-term of 4-10 years or more and not a short-term .

Confidence and patience will grow naturally when you have mastered every detail about investing. When you are ready to invest for the long term by allocating funds that are not used for other needs or purposes, then continue investing by implementing the strategies you have mastered. Although Bitcoin is highly volatile and influenced by various factors, its future still looks very bright, based on past experience, Bitcoin has always managed to emerge from all pressure and has been able to achieve record after record as expected by most investors.

Based on technical and fundamental analysis, Bitcoin will continue to grow after gaining recognition and mass adoption by countries and institutional investors. Although we've just seen Bitcoin reach a new all-time high, this is still the beginning. You'll earn much greater profits if you can hold your investment for the long term 3-5 years or more. So, prepare yourself before the time comes.

Bitcoin risk is very minimal if you understand how it works, if you are holding for a long term there's no need to worry about dip and loses. The strategy to being profitable in Bitcoin is to hold for a long term by that you have eliminated the panic of volatility that can lead to price dump. There's no level of dump that Bitcoin can get to without bouncing back to recovery then continue to skyrocket and hit ATH in bull circles. You can panic if you're holding get rich quick shitcoins that hypes and promises unrealistic returns on the short term. I've always said that Bitcoin risks when you're holding for a long term are mostly external like losing the custody of your Bitcoin wallet.

In all honesty you’ve made a valid claim, I think in some ways that we can try to manage our bitcoin in a way that we would try to minimize risk and avoid some unnecessary risk it is certain that we can always come across some uncertainty in our bitcoin investment, in nutshell what am trying to say is that bitcoin investment we might not completely agree that we can avoid all the risk involved that is why as a someone who has an interest to build a successful bitcoin portfolio we should endeavor to appreciate investing in a long term plan that is the only way that we can minimize risk because we wouldn’t have to worry about downturn because Bitcoin will definitely have a way to get back to a higher price of ATH considering its volatile nature of Bitcoin. Well I’ve tried to invest and accumulate and hold for quite a while now and o think that is the only way I’ve tried to maximize risk involved in Bitcoin.

[sotelorene]

74% of Bitcoin is now in the hands of long-term holders, which is the highest in the last 15 years. No one is selling. This is actually very pleasing to hear and encouraging for those of us who have been involved in long-term investments for a long time and we have been discussing this topic here for a long time. We will definitely see a good portfolio in our wallets in the future.

Source

This is really amazing and I believe sooner or later some traders will dive into buying and holding for long term I mean those that will realize that they have been deceiving themselves all this while and then those that won't realize and think they are on the right track will keep on jumping up and down ( panicking and losing money) while the market remain unaffected. And any investor that will leave investing and go into trading because of profit will be seen as a primitive or dark age person because it is obvious a lack of knowledge and understanding. Selling Bitcoin at this stage is never a good option especially when we are yet to reach overaccumulation stage.

[IceLincoln]

Instead of waiting for dip before you buy why not use DCA method to accumulate and store your assets to grow and appreciate in due course,because i see most investors adopting buying bitcoin in dip as a strategy,though,it is not the best form of investment strategy if only you really want to stay active and make a difference during the investment process.

 Bitcoin is a store of value an as such it doesn’t lose value irrespective of the market system and you can be guarantee with profits at the end of the market.
To me i will always advise any investors to use a discretionary income and adopt DCA method to buy bitcoin,then hodl it for longer time cos is an investment so you shouldn’t expect high returns for a short period of time.It need time to grow,build and gain momentum for proper maximization of profits.
Most persons tends to lose more funds from buying in dip strategy compare to DCA method due to its volatility nature and market conditions as well.

I get that we all Support DCAing as the best method to accumulate bitcoin which it is, but buying the dip is not all ruled out cause it’s bad, it’s also a good buying strategy where it’s bad is when an investor instead of buying regularly decides to save up the money in order to buy lump sum at the dip thereby losing out on a lot of opportunities where he could have accumulated more.
I also want you to correct your statement or impression in bold letters; I don’t see how buying the dip will make you lose money, unless you’re going in for short term, even at that I don’t think any investor who buys the dip will want to sell when price is below what he buys since the goal of buying the dip in the first place is so they can buy cheaper and sell high.

[Publictalk792]

When it comes to money, there is something valuable in regards to the non-physicality.. but at the same time, the non-physicality of the value of bitcoin has been secured in decentralized ways that make it verifiable and there are no copies of it, even though it can be divided into smaller or larger units. 

Sure there can be times in which physicality is preferred, but if a guy has a few million in value, he is going to have easier times to hold it, conceal it and move it around when it is in bitcoin as compared with if that same value were in gold (physical or some paper representation) or dollars (or other fiat whether physical or held by a third party). There can be difficulties with the larger amounts, yet there are also some potential inconveniences with smaller amounts too. 

Bitcoin is not without some challenges and even some technical questions regarding various ways to access the bitcoin or to guard it or to guard its back ups so that someone might not be able to take it when mistakes are made.

You clearly explained that Bitcoin non physical nature is major strength because its value is securely tracked and can not be copied making it much easier to hold and hide and move large sums of money compared to physical gold or traditional bank funds. Even though Bitcoin has clear benefits like being easy to move and store it also has some tricky parts. Means that is right that users need to be very careful about how they get to their Bitcoin and how they keep it safe and how they make copies of their access information because small mistakes can lead to losing their money.

[Cossyblack]

Most persons tends to lose more funds from buying in dip strategy compare to DCA method due to its volatility nature and market conditions as well.

Buying in the Dip and DCAing are both good methods that works uniquely in accumulating bitcoin. You can still be DCAing in accumulating bitcoin consistently into your portfolio and if there's a bitcoin DIP and while DCAng, you can as well grab the opportunity to buy the Dip,it's all good. Buying the Dip allow you to buy Bitcoin at a low rate compare to the normal price although, the Bitcoin Dip doesn't happen frequently but it is good to also buy when it Dip by splitting your discretional income to enable you to buy from the Dip while DCA at the same time.There's no point to be worried about the dip since you're a long term investor, because it's is certain that the price of bitcoin will appreciate back in value and even more.

[Bluedrem]

74% of Bitcoin is now in the hands of long-term holders, which is the highest in the last 15 years. No one is selling. This is actually very pleasing to hear and encouraging for those of us who have been involved in long-term investments for a long time and we have been discussing this topic here for a long time. We will definitely see a good portfolio in our wallets in the future.

Now the biggest question is how many people actually own this 74%. If the number of holders is very high, then it is certainly a joy (I hope so).
And if the number of holders is low, then there is a big risk here because they may be forced to sell it in case of special need.
For example-
▫️ If the holder is a country and if there is an emergency in that country, then it will have to sell Bitcoin to cope with the economic pressure.

▫️ Again, if the holder is a company, then if the company's liquidity decreases, it may need to sell Bitcoin to maintain its financial balance.

▫️ And if the holder is an individual, then at some point he may lose his Bitcoins due to a wrong decision.

So if the number of holders is high, no single country, company or individual will be able to have a big impact on the pricing of Bitcoin.

Number of holders ∝ Risk

I get that we all Support DCAing as the best method to accumulate bitcoin which it is, but buying the dip is not all ruled out cause it’s bad, it’s also a good buying strategy where it’s bad is when an investor instead of buying regularly decides to save up the money in order to buy lump sum at the dip thereby losing out on a lot of opportunities where he could have accumulated more.
I also want you to correct your statement or impression in bold letters; I don’t see how buying the dip will make you lose money, unless you’re going in for short term, even at that I don’t think any investor who buys the dip will want to sell when price is below what he buys since the goal of buying the dip in the first place is so they can buy cheaper and sell high.

Can you tell me what DIP is? When Bitcoin dropped from $60,000 to around $15,000, did people call it DIP?
They thought it would drop further, so they waited longer. When the price rose, they couldn't buy anymore. They might wait again, and when they did buy, they would never actually buy. No matter how much the price went to DIP, they would think there was more DIP waiting ahead.
We need to avoid the mentality of buying DIP by accumulating money [inflation reduces the reserve of fiat currency] and create a mentality of buying Bitcoin in the DCA method and be ready to buy as aggressively as possible when the price goes to DIP.

[JayJuanGee]

[edited out]

That’s a very good breakdown. A lot of people don’t realize how their UTXOs can start to stack up and spread over time, especially if they have been using Bitcoin for a while across different cycles. What you explained is exactly how it happens..... one transaction here, another there, and before you know it, you have several small UTXOs in different wallets.

I also like the point about keeping some wallets as intermediate ones. It makes a lot of sense to have levels between hot and cold storage, depending on how often you plan to use the coins. Keeping track of all this might seem like a lot, but if someone is serious about holding long term, this kind of planning will really help later....

Yes. It is a good habit to keep track of wallets, especially the ones with larger transactions connected with them... And it can take a bit of time to figure out some organized way to keep track..... maybe keeping track of the colder storage or medium storage might be more important, and maybe the hot wallets might have more transactions and harder to keep track, so guys have to figure out if they are able to keep track of everything or just the transactions within certain wallets.

Some people suggest that the tax treatment of transactions to treat them as capital rather than currency can cause some accounting burdens which can disincentivize spending bitcoin or conducting smaller transactions... yet surely if a wallet is divided into accounts, then at least the accounts could be of certain categories including if you have an exchange that you use, then you might send all of the transaction from that exchange to the same account, so then at least you know that the transactions are related to that exchange within that account.

It’s small details like these that really show the maturity of a Bitcoin user. You are not just holding, you are  managing your stack with long term clarity. Thanks for sharing that, it reinforces why thinking in UTXOs, not just BTC balances, matters a lot......

Some people don't even know what UTXOs are, since they keep their coins on exchanges, so there can be some value in learning about UTXOs, which comes from experience and trying things out.. which might scare people away from bitcoin since they might find it confusing to learn about wallets and make sure that they don't screw up their security and/or their privacy... and like we said bitcoin is not by default private if it is being used in non-private ways, and it is hard to imagine that someone would think that their coins are secure if they are being held through a third party (exchange).  Don't get me wrong.  Starting out in bitcoin might require starting out with an account on an exchange prior to figuring out some ways to self-custody.

There can be situations when people end up sharing too much, and even if I do a bitcoin transaction with a friend in 2017, yet if I do not move the change address, the transaction in 2017 might have been worth a couple thousand dollars (1 or 2 bitcoin) and maybe my change was a couple thousand dollars (1 or 2 bitcoin), but then that balance of 1 or 2 bitcoin is now worth way more than what it was worth in 2017, and many folks do not even have 1 or 2 bitcoin, even though prior to 2017, we might have had been transacting with several bitcoin at at time, especially if we might have made some large purchases with bitcoin, we may have sent several bitcoin for a transaction that was a couple thousand dollars.

This  really highlights how drastically Bitcoin’s value has evolved over time. What used to feel like casual transactions  like  sending 1 or 2 BTC for basic purchases now seem like moves worth a small fortune. It’s crazy to think that something as simple as not moving your change from a 2017 transaction could mean you are still sitting on a huge balance today without realizing it....This is why Bitcoin truly rewards time and patience  and why being cautious with past addresses and transaction history is more important than ever.

Guys who have been in bitcoin for a while have these kinds of stories, including that in 2015 (when BTC prices were around $250) they might have had like a few thousand dollars on some hot wallet (and maybe it was too much?) and maybe they had $15k or $20k in some wallet that they considered a bit more secure, but surely not totally secure.

But then when bitcoin prices went up to $19,666 within 2 years, they might not have had kept their security at the place that it should have had been, so then the few thousand in the hot wallet might have had turned into $100k or $200k... .. and the larger amounts of $15k to $20k might have turned into more than $1 million. .. since the price rise was around 78x in about 2 years.

Similar things happened in 2021, yet the price rise was ONLY around 16.5x in 2.5-ish years... so 2021 was a bit less extreme as compared with 2017.. and surely the rise in 2013 was even greater,.. since it was a rise of more than 200x in the period from 2012 to the 2013 peak.

Yeah, stories like this are part of what makes Bitcoin so wild and interesting. Back then, a few thousand dollars in a wallet didn’t feel like much, but once the price shoots up 70x or more, that same wallet suddenly feels like a vault. It is easy to forget how fast things can change  and how fast we can get caught off guard if we are not managing risk properly.......

Yep.. We have to manage it, and perhaps also not be tempted to show all of our friends how $3k turned into $210k.. Even though it is so tempting to want to do it, especially with close friends and/or family.

A lot of people learned the hard way that security should grow with your stack. What felt secure enough at $250 per BTC didn’t hold up when BTC hit $19k or more. And yeah, while 2021 didn’t feel as crazy as 2017 or 2013, the gains were still life changing for many. These cycles really do teach us,  not just about holding, but also about how to stay prepared when success shows up faster than expected.......

Even with myself.  I had been through the downside of the 2013 cycle and both the upside and downside of the 2017 cycle, but even in 2019-2021 when the BTC price went up from $4,200 in April 2019 to $64k in April 2021 and then it dropped to $30k in summer 2021 and returned to $69k in November 2021, there can be some periods of surprise to have some wallets go up somewhere in the ballpark of 16x from the bottom to the top.

Even some folks in this particular cycle might have had some coins that they bought or held in November/December 2022 that were in the $16k to $20k prices, and even now when we had BTC prices go up to $120k, so then those coins had gone up 6x to 7x, which is also nothing to sneeze at, and there are folks who never had experienced 2x or 3x in value appreciating through their lives and then they are able to personally experience 6x/7x price appreciation in the past 2.5 years.. and if a guy is still accumulating he might not know what to do. If a  guy had done most of his accumulation prior to October 2023, he might just feel so amazed to be on the journey, if we might consider the possibility that some guys had gotten enough BTC, yet there are way more guys who are still needing to accumulate and not to get thrown off by past bitcoin price performance in regards to their need to keep accumulating bitcoin no matter the price so that maybe they will be in a better place 4-10 years or more down the road.

[quote

This cycle is the beginning for some, and so yeah, anyone new to bitcoin likely will need to spend a whole cycle or a few cycles building up his bitcoin stash, and it tends to take a decent amount of time to build a bitcoin stash, even if a person is relatively focused on accumulating bitcoin.

Many people underestimate the time and consistency it actually takes to build a meaningful Bitcoin position. It is  not just about catching the perfect dip or riding one bull cycle, it is  about developing the mindset to accumulate steadily, even when the hype dies down. Every cycle teaches something new, and those who stay committed through the quiet phases are usually the ones who end up with the strongest hands and the biggest rewards in the long run. This current cycle could be the proving ground for a lot of new entrants.....

There could be a lot of guys who don't necessarily want to get focused on making money, but then when they figure out bitcoin is a great place to put any extra money that they are able to generate, then they may well become motivated to make more money and even save more money by spending less, and then they suddenly feel that they have identified a place in which they are able to put their extra money and not feel like it is losing value and/or feel that they have to spend it right away in order to preserve its purchasing power.

A lot of people don’t start out thinking about wealth building or financial discipline, but once they understand Bitcoin potential, everything changes..... Suddenly, every bit of extra cash feels like an opportunity rather than something to spend immediately. It flips the script, instead of money burning a hole in your pocket, you start seeing sats as something worth stacking and protecting.
Bitcoin quietly trains people to value their time and money more and that’s something no fiat system really encourages.......

Some people might come to bitcoin thinking about it as a possible way to trade, but then if they are paying attention and studying bitcoin, they may well come to reasonable conclusions that bitcoin is not a trade, but instead a long term play in which there will need to be a continuing and ongoing accumulating of bitcoin through buying, especially in the early years of being involved in bitcoin.

[Tungbulu]

[edited out]

That’s a very good breakdown. A lot of people don’t realize how their UTXOs can start to stack up and spread over time, especially if they have been using Bitcoin for a while across different cycles. What you explained is exactly how it happens..... one transaction here, another there, and before you know it, you have several small UTXOs in different wallets.

I also like the point about keeping some wallets as intermediate ones. It makes a lot of sense to have levels between hot and cold storage, depending on how often you plan to use the coins. Keeping track of all this might seem like a lot, but if someone is serious about holding long term, this kind of planning will really help later....

Yes. It is a good habit to keep track of wallets, especially the ones with larger transactions connected with them... And it can take a bit of time to figure out some organized way to keep track..... maybe keeping track of the colder storage or medium storage might be more important, and maybe the hot wallets might have more transactions and harder to keep track, so guys have to figure out if they are able to keep track of everything or just the transactions within certain wallets.

Some people suggest that the tax treatment of transactions to treat them as capital rather than currency can cause some accounting burdens which can disincentivize spending bitcoin or conducting smaller transactions... yet surely if a wallet is divided into accounts, then at least the accounts could be of certain categories including if you have an exchange that you use, then you might send all of the transaction from that exchange to the same account, so then at least you know that the transactions are related to that exchange within that account.

I also share in your thoughts about tracking of wallets being a good habit, particularly those wallets with huge or bigger transactions. And it may potentially take some time to figure out an organised way to effectively do this. But focusing on tracking cold or medium storage might be more appropriate, since hot storage wallets may actually have an endless and ton of transactions, making it almost impossible to keep track of. Guys do need to actually figure out what's manageable for them, whether it's to track everything or just to focus certain wallets, it's entirely up to them to decide.
I also think the tax treatment stuff you mentioned above makes a lot of sense too. When guys treat Bitcoin as capital rather than just a mere currency can potentially create some accounting headaches, and this could also disincentivize the use of Bitcoin for smaller transactions, like using Bitcoin to pay for goods and services. Also, I feel it's also a smart move to divide a wallet into accounts for different categories, like one account for transactions from a particular Wallet, as it can be quite an effective way to keep things pretty much organised. This way, you'll be able to know that the transactions in that account are actually related to that particular exchange.

[yixichloro2xx]

[edited out]

That’s a very good breakdown. A lot of people don’t realize how their UTXOs can start to stack up and spread over time, especially if they have been using Bitcoin for a while across different cycles. What you explained is exactly how it happens..... one transaction here, another there, and before you know it, you have several small UTXOs in different wallets.

I also like the point about keeping some wallets as intermediate ones. It makes a lot of sense to have levels between hot and cold storage, depending on how often you plan to use the coins. Keeping track of all this might seem like a lot, but if someone is serious about holding long term, this kind of planning will really help later....

Yes. It is a good habit to keep track of wallets, especially the ones with larger transactions connected with them... And it can take a bit of time to figure out some organized way to keep track..... maybe keeping track of the colder storage or medium storage might be more important, and maybe the hot wallets might have more transactions and harder to keep track, so guys have to figure out if they are able to keep track of everything or just the transactions within certain wallets.

Some people suggest that the tax treatment of transactions to treat them as capital rather than currency can cause some accounting burdens which can disincentivize spending bitcoin or conducting smaller transactions... yet surely if a wallet is divided into accounts, then at least the accounts could be of certain categories including if you have an exchange that you use, then you might send all of the transaction from that exchange to the same account, so then at least you know that the transactions are related to that exchange within that account.

organizing UTXOs across wallet types can get messy over time, especially when you are  active or have a mix of hot, medium, and cold storage. It is good to dobasic labeling or categorizing wallets by purpose which helps a lot in reducing confusion later, especially when you need to trace transactions months or years down the line.

And yeah, the capital gains treatment does add a layer of friction not just psychologically but practically too. It makes sense why many prefer to HODL rather than spend, even when they might want to. But having that structured system, even just keeping notes per account or wallet
 can ease that future accounting headache and keep your mind clear for what really matters to stacking and securing sats.

It’s small details like these that really show the maturity of a Bitcoin user. You are not just holding, you are  managing your stack with long term clarity. Thanks for sharing that, it reinforces why thinking in UTXOs, not just BTC balances, matters a lot......

Some people don't even know what UTXOs are, since they keep their coins on exchanges, so there can be some value in learning about UTXOs, which comes from experience and trying things out.. which might scare people away from bitcoin since they might find it confusing to learn about wallets and make sure that they don't screw up their security and/or their privacy... and like we said bitcoin is not by default private if it is being used in non-private ways, and it is hard to imagine that someone would think that their coins are secure if they are being held through a third party (exchange).  Don't get me wrong.  Starting out in bitcoin might require starting out with an account on an exchange prior to figuring out some ways to self-custody.

A lot of newcomers are introduced to Bitcoin through exchanges like me  for example,and for many, that feels like the entire Bitcoin experience. But the real journey begins when they step outside of custodial platforms and start learning how Bitcoin actually works, things like UTXOs, wallets, private keys, and privacy practices.

Understanding UTXOs, for instance, opens your eyes to how Bitcoin is not  just a balance like in a bank account it is more like handling digital cash with individual pieces that you can manage and track. It is  this deeper layer that gives users both responsibility and freedom, but like you said, it can feel overwhelming at first.

Still, as people get more involved, curiosity and necessity often push them to self custody. And that is where true Bitcoin ownership begins....when you are no longer trusting a third party but taking control of your own keys. It might be a steep learning curve, but it isa worthy one for anyone serious about financial sovereignty.

There can be situations when people end up sharing too much, and even if I do a bitcoin transaction with a friend in 2017, yet if I do not move the change address, the transaction in 2017 might have been worth a couple thousand dollars (1 or 2 bitcoin) and maybe my change was a couple thousand dollars (1 or 2 bitcoin), but then that balance of 1 or 2 bitcoin is now worth way more than what it was worth in 2017, and many folks do not even have 1 or 2 bitcoin, even though prior to 2017, we might have had been transacting with several bitcoin at at time, especially if we might have made some large purchases with bitcoin, we may have sent several bitcoin for a transaction that was a couple thousand dollars.

This  really highlights how drastically Bitcoin’s value has evolved over time. What used to feel like casual transactions  like  sending 1 or 2 BTC for basic purchases now seem like moves worth a small fortune. It’s crazy to think that something as simple as not moving your change from a 2017 transaction could mean you are still sitting on a huge balance today without realizing it....This is why Bitcoin truly rewards time and patience  and why being cautious with past addresses and transaction history is more important than ever.

Guys who have been in bitcoin for a while have these kinds of stories, including that in 2015 (when BTC prices were around $250) they might have had like a few thousand dollars on some hot wallet (and maybe it was too much?) and maybe they had $15k or $20k in some wallet that they considered a bit more secure, but surely not totally secure.

But then when bitcoin prices went up to $19,666 within 2 years, they might not have had kept their security at the place that it should have had been, so then the few thousand in the hot wallet might have had turned into $100k or $200k... .. and the larger amounts of $15k to $20k might have turned into more than $1 million. .. since the price rise was around 78x in about 2 years.

Similar things happened in 2021, yet the price rise was ONLY around 16.5x in 2.5-ish years... so 2021 was a bit less extreme as compared with 2017.. and surely the rise in 2013 was even greater,.. since it was a rise of more than 200x in the period from 2012 to the 2013 peak.

Yeah, stories like this are part of what makes Bitcoin so wild and interesting. Back then, a few thousand dollars in a wallet didn’t feel like much, but once the price shoots up 70x or more, that same wallet suddenly feels like a vault. It is easy to forget how fast things can change  and how fast we can get caught off guard if we are not managing risk properly.......

Yep.. We have to manage it, and perhaps also not be tempted to show all of our friends how $3k turned into $210k.. Even though it is so tempting to want to do it, especially with close friends and/or family.

That kind of growth can be exciting, almost surreal turning $3k into $210k is life changing, and naturally you will  want to share it with those closest to you. But in reality, sharing those numbers can open the door to a lot of unexpected outcomes, jealousy, pressure, unrealistic expectations, or even security risks.

It is better to stay humble, keep stacking quietly, and let your long terrm discipline speak for itself later on. Sometimes the best way to help close friends or family is by guiding them toward understanding Bitcoin rather than showing off your results. That way, they can build their conviction and stack on their own terms.

A lot of people learned the hard way that security should grow with your stack. What felt secure enough at $250 per BTC didn’t hold up when BTC hit $19k or more. And yeah, while 2021 didn’t feel as crazy as 2017 or 2013, the gains were still life changing for many. These cycles really do teach us,  not just about holding, but also about how to stay prepared when success shows up faster than expected.......

Even with myself.  I had been through the downside of the 2013 cycle and both the upside and downside of the 2017 cycle, but even in 2019-2021 when the BTC price went up from $4,200 in April 2019 to $64k in April 2021 and then it dropped to $30k in summer 2021 and returned to $69k in November 2021, there can be some periods of surprise to have some wallets go up somewhere in the ballpark of 16x from the bottom to the top.

Even some folks in this particular cycle might have had some coins that they bought or held in November/December 2022 that were in the $16k to $20k prices, and even now when we had BTC prices go up to $120k, so then those coins had gone up 6x to 7x, which is also nothing to sneeze at, and there are folks who never had experienced 2x or 3x in value appreciating through their lives and then they are able to personally experience 6x/7x price appreciation in the past 2.5 years.. and if a guy is still accumulating he might not know what to do. If a  guy had done most of his accumulation prior to October 2023, he might just feel so amazed to be on the journey, if we might consider the possibility that some guys had gotten enough BTC, yet there are way more guys who are still needing to accumulate and not to get thrown off by past bitcoin price performance in regards to their need to keep accumulating bitcoin no matter the price so that maybe they will be in a better place 4-10 years or more down the road.

One of the key takeaways from your experience is how different each cycle feels,  even if the patterns rhyme, the emotions, surprises, and outcomes can still catch people off guard, whether they are new or seasoned.

Seeing 6x–7x gains in just a couple of years is lifechanging, especially for people whohave  never experienced anything close to that before. But like you rightly pointed out, those who are still accumulating should not   let past performance paralyze them. Every cycle brings new chances, and what is more important than price is positioning and mindset.

Those who accumulated before October 2023 are probably feeling validated now  but it doesn't mean the window is closed. Bitcoin is long term, and the real magic tends to show up years down the line, not just one or two. Accumulating consistently, staying humble, and keeping your strategy in place is how you position yourself to benefit from whatever future upside may come,   whether it is  4 years or 10 years down the road...

[quote

This cycle is the beginning for some, and so yeah, anyone new to bitcoin likely will need to spend a whole cycle or a few cycles building up his bitcoin stash, and it tends to take a decent amount of time to build a bitcoin stash, even if a person is relatively focused on accumulating bitcoin.

Many people underestimate the time and consistency it actually takes to build a meaningful Bitcoin position. It is  not just about catching the perfect dip or riding one bull cycle, it is  about developing the mindset to accumulate steadily, even when the hype dies down. Every cycle teaches something new, and those who stay committed through the quiet phases are usually the ones who end up with the strongest hands and the biggest rewards in the long run. This current cycle could be the proving ground for a lot of new entrants.....

There could be a lot of guys who don't necessarily want to get focused on making money, but then when they figure out bitcoin is a great place to put any extra money that they are able to generate, then they may well become motivated to make more money and even save more money by spending less, and then they suddenly feel that they have identified a place in which they are able to put their extra money and not feel like it is losing value and/or feel that they have to spend it right away in order to preserve its purchasing power.

A lot of people don’t start out thinking about wealth building or financial discipline, but once they understand Bitcoin potential, everything changes..... Suddenly, every bit of extra cash feels like an opportunity rather than something to spend immediately. It flips the script, instead of money burning a hole in your pocket, you start seeing sats as something worth stacking and protecting.
Bitcoin quietly trains people to value their time and money more and that’s something no fiat system really encourages.......

Some people might come to bitcoin thinking about it as a possible way to trade, but then if they are paying attention and studying bitcoin, they may well come to reasonable conclusions that bitcoin is not a trade, but instead a long term play in which there will need to be a continuing and ongoing accumulating of bitcoin through buying, especially in the early years of being involved in bitcoin.

Many folks enter Bitcoin with a short term, trader mindset thinking they will time the market, flip profits, and move on. But once they start digging deeper, understanding the fixed supply, the halving cycles, the monetary properties, and how it fits into the broader financial system, the mindset often shifts.

Bitcoin reveals itself more as a long term wealth preservation tool than a short term trade. The more someone studies it, the more they realize that stacking and holding over time,especially in the early years of their journey  is where the real edge is. Trading might give you quick wins or losses, but steady accumulation builds lasting financial strength, especially when you zoom out and let time do the heavy lifting.

I also share in your thoughts about tracking of wallets being a good habit, particularly those wallets with huge or bigger transactions. And it may potentially take some time to figure out an organised way to effectively do this. But focusing on tracking cold or medium storage might be more appropriate, since hot storage wallets may actually have an endless and ton of transactions, making it almost impossible to keep track of. Guys do need to actually figure out what's manageable for them, whether it's to track everything or just to focus certain wallets, it's entirely up to them to decide.
I also think the tax treatment stuff you mentioned above makes a lot of sense too. When guys treat Bitcoin as capital rather than just a mere currency can potentially create some accounting headaches, and this could also disincentivize the use of Bitcoin for smaller transactions, like using Bitcoin to pay for goods and services. Also, I feel it's also a smart move to divide a wallet into accounts for different categories, like one account for transactions from a particular Wallet, as it can be quite an effective way to keep things pretty much organised. This way, you'll be able to know that the transactions in that account are actually related to that particular exchange.

Trying to keep track of every little transaction, especially from a hot wallet with constant activity, can quickly become overwhelming  and honestly unnecessary unless you are  doing detailed audits. Prioritizing cold or medium storage where you hold your more significant long term stacks just makes sense, since those wallets typically don’t move much and are easier to monitor.

And yes, the whole tax angle is a major factor too. Once Bitcoin starts getting treated as capital for tax purposes, the idea of spending sats casually becomes less attractive due to the reporting burdens. That alone pushes many to think more about HODLing rather than spending.

Using separate wallets or accounts for specific purposes like separating DCA buys, exchange withdrawals, or spending wallets also brings clarity and reduces mistakes. It is a kind of self discipline that becomes second nature over time and helps ensure that your Bitcoin strategy stays clean, secure, and well-documented especially as your stack grows.

[JayJuanGee]

[edited out]

That kind of growth can be exciting, almost surreal turning $3k into $210k is life changing, and naturally you will  want to share it with those closest to you. But in reality, sharing those numbers can open the door to a lot of unexpected outcomes, jealousy, pressure, unrealistic expectations, or even security risks.

I am mentioning something that could happen, if a guy had $3k worth of bitcoin in mid-2015 when BTC prices were $250, which would subsequently play out like this for 12 BTC.

December 2017 - BTC price $19,666    - 12 BTC value = $235,992
December 2018 - BTC price $3,800    - 12 BTC value = $45,600
February 2020 - BTC price $9,500    - 12 BTC value = $114k
March 2020 - BTC price $3,800    - 12 BTC value = $45,600
April 2021 - BTC price $63k    - 12 BTC value = $756k
July 2021 - BTC price $31.5k    - 12 BTC value = $378k
April 2021 - BTC price $69k    - 12 BTC value = $828k
November 2022 - BTC price $15,479    - 12 BTC value = $185,748
July 14, 2025 - BTC price $123,236    - 12 BTC value = $1,478,832

Lots of fluctuation for the 12 BTC over the past 10 years even though starting out with a $3k value and now having close to $1.5 million spot price, and even $602.3k for the 200-WMA, which I would suggest that 12 BTC has a current sustainable withdrawal rate of $60k per year.

It is better to stay humble, keep stacking quietly, and let your long terrm discipline speak for itself later on. Sometimes the best way to help close friends or family is by guiding them toward understanding Bitcoin rather than showing off your results. That way, they can build their conviction and stack on their own terms.

Easier said than done.

Let me know if you have any success persuading friends and/or family to get to know bitcoin and to actually take action that focuses on investing into bitcoin rather than shitcoins and/or trading.
 

A lot of people learned the hard way that security should grow with your stack. What felt secure enough at $250 per BTC didn’t hold up when BTC hit $19k or more. And yeah, while 2021 didn’t feel as crazy as 2017 or 2013, the gains were still life changing for many. These cycles really do teach us,  not just about holding, but also about how to stay prepared when success shows up faster than expected.......

Even with myself.  I had been through the downside of the 2013 cycle and both the upside and downside of the 2017 cycle, but even in 2019-2021 when the BTC price went up from $4,200 in April 2019 to $64k in April 2021 and then it dropped to $30k in summer 2021 and returned to $69k in November 2021, there can be some periods of surprise to have some wallets go up somewhere in the ballpark of 16x from the bottom to the top.

Even some folks in this particular cycle might have had some coins that they bought or held in November/December 2022 that were in the $16k to $20k prices, and even now when we had BTC prices go up to $120k, so then those coins had gone up 6x to 7x, which is also nothing to sneeze at, and there are folks who never had experienced 2x or 3x in value appreciating through their lives and then they are able to personally experience 6x/7x price appreciation in the past 2.5 years.. and if a guy is still accumulating he might not know what to do. If a  guy had done most of his accumulation prior to October 2023, he might just feel so amazed to be on the journey, if we might consider the possibility that some guys had gotten enough BTC, yet there are way more guys who are still needing to accumulate and not to get thrown off by past bitcoin price performance in regards to their need to keep accumulating bitcoin no matter the price so that maybe they will be in a better place 4-10 years or more down the road.

One of the key takeaways from your experience is how different each cycle feels,  even if the patterns rhyme, the emotions, surprises, and outcomes can still catch people off guard, whether they are new or seasoned.

Seeing 6x–7x gains in just a couple of years is lifechanging, especially for people whohave  never experienced anything close to that before. But like you rightly pointed out, those who are still accumulating should not   let past performance paralyze them. Every cycle brings new chances, and what is more important than price is positioning and mindset.

Those who accumulated before October 2023 are probably feeling validated now  but it doesn't mean the window is closed. Bitcoin is long term, and the real magic tends to show up years down the line, not just one or two. Accumulating consistently, staying humble, and keeping your strategy in place is how you position yourself to benefit from whatever future upside may come,   whether it is  4 years or 10 years down the road...

Anyone who is a no coiner or a low coiner has to get started buying bitcoin in order to be prepared for up.. Otherwise they are not prepared for up.

And yeah, it could take 4-10 years or longer for someone to stack enough bitcoin to start to feel comfortable that he has enough or more than enough.  

Even though measurements can be made along the path, sometimes the first several years can feel that progress is being made slowly, even though there are some folks who are able to front load their investment into bitcoin in their beginning years of investing into it.