Buy the DIP, and HODL!

[IceLincoln]

Those who panic at the slightest drop in the market are not long-term investors, in the case of Bitcoin investment, it is necessary to maintain your portfolio with a long-term perspective, because Bitcoin is a long-term asset that only brings real success in the long term, so patience and consistency are most important in the case of short-term volatile investments like Bitcoin. Those who invest regularly in the DCA method can definitely achieve good success, because their portfolio continues to accumulate at the average price, so volatility is not a problem for them and it is important to maintain this mentality, a real investor never panics during volatility.

More precisely, those who panic are newcomers or investors new to Bitcoin. If someone has been familiar with Bitcoin for a long time, I'm sure they wouldn't panic, whether they're looking for a long-term investment or a short-term investment to make quick profits.
Regardless of all that, I think those of us who want to invest long-term are actually a little happy if a price correction occurs, allowing us to buy more using the DCA method when the time comes. I think we all share this belief about the future.

Xcode I practice DCA and I’m buying bitcoin for the long term but I don’t share in this your belief if what you’re saying is investors who use DCA method are happy when there’s a correction or pray for it to happen so to buy more. If you’re practicing DCA and there’s a correction in market price, this doesn’t really concern you what’s important is your ability to keep practicing the DCA, there’s a probability that you must have already bought at that dip price before the dip and you can only continue with your DCA purchases or if there’s more funds available you throw in more just to utilise that opportunity but I don’t see myself wanting dip to occur.

[JayJuanGee]

the concept of hodl has been and still is the best strategy. If you followed this method with 10+ currencies for the past 10 years you would be doing very well implying you picked from the top 30 currencies that were available.

That is retarded, roemer.  You may be lost or in the wrong thread..

We are only talking about bitcoin here, and you have to first accumulate bitcoin before HODL even makes sense, so it could take 1 or 2 cycles or longer to get to a point in which you have accumulated enough bitcoin.. and don't be fucking around with other currencies (especially fiat currencies) that mostly lose value..

Over the past 10 years almost all of the fiat currencies had gone down in their purchasing power to be 1/2 as much as they were 10 years previously..

Furthermore, bitcoin is a kind of currency and asset that is based on sound money principles, so value will continue to gravitate into bitcoin as it has in the past, which causes bitcoin to be valuable to hold, yet at the same time, there is a need to accumulated it first... and yeah sometimes when we are accumulating we might run out of money, so we have to HODL, and sometimes we are tempted to sell, so we have to HODL... so sure there could be some HODL ideas even while we are still accumulating and building up our bitcoin holdings.

Bitcoin competes with fiat, so in that sense it could be considered as something that was intended to replace fiat - yeah such replacement might not happen right away, yet you already have stated that even in your own personal journey you gravitate towards accumulating bitcoin and spending fiat, and so the longer and longer bitcoin is around, then the more and more people, institutions and governments are going to realize that they should be gravitating towards bitcoin too... so if a lot of the value is gravitating towards bitcoin, then little by little the inferior currencies are likely to receive less and less use and also to disappear.  

Sure governments are going to continue to want to preserve their inferior money systems (control systems), yet they are not going to be able to stop everyone from gravitating towards bitcoin, even though they will try to stop the gravitation of value into bitcoin..and sure maybe they will have various temporary periods of success, yet their possible temporary periods of success still does not justify not gravitating value into bitcoin for anyone who knows about the value of bitcoin sooner rather than later, then the ones who know sooner will benefit more from their knowledge so long as they act to gravitate their value into bitcoin rather than into inferior monies and/or assets... which bitcoin is the apex predator of assets and/or currencies, even if a lot of people either don't understand/realize such fact and/or some people are merely just coming around to understanding/realizing such fact that bitcoin is the apex predator of assets/currencies.

But, Why hold on to something that loses value every year? And yeah, governments will definitely try to keep their systems alive, but they can’t really stop people from moving toward something better. They might slow it down for a while, sure, but they can’t kill it. The truth is, if you understand what Bitcoin really is and you act early, you’re already ahead. Most people won’t get it till it’s way more expensive. And yeah, calling Bitcoin the apex predator isn’t even an exaggeration at this point. It just keeps proving itself over time.

We still have to find balance in how we hold bitcoin and/or fiat and/or other assets/currencies, since our bill may well be denominated in dollars and/or fiat, so we likely need to keep some fiat on-hand to pay our bills, and most people earn their wages in fiat, not in bitcoin.

Even guys who earn wages in bitcoin, they will tend to have their bitcoin amounts denominated in fiat.

[Pi-network314159]

the concept of hodl has been and still is the best strategy. If you followed this method with 10+ currencies for the past 10 years you would be doing very well implying you picked from the top 30 currencies that were available.

That is retarded, roemer.  You may be lost or in the wrong thread..

We are only talking about bitcoin here, and you have to first accumulate bitcoin before HODL even makes sense, so it could take 1 or 2 cycles or longer to get to a point in which you have accumulated enough bitcoin.. and don't be fucking around with other currencies (especially fiat currencies) that mostly lose value..

Are you sure he is talking about fiat currency or he is referring to shitcoins holding.  It will be nice for him to come and specify which of the  10 currency out of 30 he's talking about, so that we can no where to place him. And of course even if he comes and talks about shit/atltcoin, we would not take him seriously  because hew chose the wrong investment plan over the right one Bitcoin.

Over the past 10 years almost all of the fiat currencies had gone down in their purchasing power to be 1/2 as much as they were 10 years previously..

That is for sure, as time goes on fiat currency depreciate in value due to economic inflatation, but guess what? Bitcoin even do more better during economic inflatation because people  pull out their money from dying fiat to Bitcoin, thereby Bitcoin adoption increase. And more liquidity is added to Bitcoin and it's market cap increases and Bitcoin increase in price too.

[JayJuanGee]

the concept of hodl has been and still is the best strategy. If you followed this method with 10+ currencies for the past 10 years you would be doing very well implying you picked from the top 30 currencies that were available.

That is retarded, roemer.  You may be lost or in the wrong thread..

We are only talking about bitcoin here, and you have to first accumulate bitcoin before HODL even makes sense, so it could take 1 or 2 cycles or longer to get to a point in which you have accumulated enough bitcoin.. and don't be fucking around with other currencies (especially fiat currencies) that mostly lose value..

Are you sure he is talking about fiat currency or he is referring to shitcoins holding.  It will be nice for him to come and specify which of the  10 currency out of 30 he's talking about, so that we can no where to place him. And of course even if he comes and talks about shit/atltcoin, we would not take him seriously  because hew chose the wrong investment plan over the right one Bitcoin.

Sure.  Fair enough.  He might be talking about shitcoins, yet that still is both  1) off topic in this thread since we are talking about bitcoin and 2) perhaps even dumber than holding some value in fiat currencies... although there are likely some shitcoins that are going to outperform various fiat currencies.

Ultimately, he was not clear what he was talking about and he is likely a disingenuine twat who is trolling and/or shilling.

Over the past 10 years almost all of the fiat currencies had gone down in their purchasing power to be 1/2 as much as they were 10 years previously..

That is for sure, as time goes on fiat currency depreciate in value due to economic inflatation, but guess what? Bitcoin even do more better during economic inflatation because people  pull out their money from dying fiat to Bitcoin, thereby Bitcoin adoption increase. And more liquidity is added to Bitcoin and it's market cap increases and Bitcoin increase in price too.

Sure.  Bitcoin is valuable because of irresponsibilities with fiat.  If governments were more responsible with their management of money, then bitcoin might not have any reason to exist...

It is possible that even if governments were responsible, there could be some other reasons to invest into bitcoin, yet we don't live in such a world, and it seems that the level of outrageousness and irresponsibilities of governments (all around the world) in regards to their money printing, this has given quite a bit of a strengthened reason for bitcoin to exist and to have value and to likely put governments in check... perhaps to help some of them to become more responsible, even though it could take some time for the responsibility to play out... so we are still to find out if bitcoin is actually going to continue to be helpful as bitcoin continues to exist and likely continues to get larger, and we don't even have to answer all of those kinds of questions in order to know that it is in our own best interest to invest in bitcoin rather than not investing into it.

[Tonimez]

the concept of hodl has been and still is the best strategy. If you followed this method with 10+ currencies for the past 10 years you would be doing very well implying you picked from the top 30 currencies that were available.

That is retarded, roemer.  You may be lost or in the wrong thread..

We are only talking about bitcoin here, and you have to first accumulate bitcoin before HODL even makes sense, so it could take 1 or 2 cycles or longer to get to a point in which you have accumulated enough bitcoin.. and don't be fucking around with other currencies (especially fiat currencies) that mostly lose value..

Are you sure he is talking about fiat currency or he is referring to shitcoins holding.  It will be nice for him to come and specify which of the  10 currency out of 30 he's talking about, so that we can no where to place him. And of course even if he comes and talks about shit/atltcoin, we would not take him seriously  because hew chose the wrong investment plan over the right one Bitcoin.

Sure.  Fair enough.  He might be talking about shitcoins, yet that still is both  1) off topic in this thread since we are talking about bitcoin and 2) perhaps even dumber than holding some value in fiat currencies... although there are likely some shitcoins that are going to outperform various fiat currencies.

Ultimately, he was not clear what he was talking about and he is likely a disingenuine twat who is trolling and/or shilling.

I have never seen such a dumb post in this forum as a whole. How exactly did he arrive at 30 currencies and what was the pattern of arrangement that he used to arrange it and now has top 10 among them. This is what happens when newbies are not willing to read before posting. This thread is clear about bitcoin and if he chose fiat currencies which is not also an option, how would you measure that?

Over the past 10 years almost all of the fiat currencies had gone down in their purchasing power to be 1/2 as much as they were 10 years previously..

That is for sure, as time goes on fiat currency depreciate in value due to economic inflatation, but guess what? Bitcoin even do more better during economic inflatation because people  pull out their money from dying fiat to Bitcoin, thereby Bitcoin adoption increase. And more liquidity is added to Bitcoin and it's market cap increases and Bitcoin increase in price too.

Sure.  Bitcoin is valuable because of irresponsibilities with fiat.  If governments were more responsible with their management of money, then bitcoin might not have any reason to exist...
[/quote]
This is very correct even though there would never be a government that will be more responsible to sustain fiats without inflation effect. I believe inflation is natural aside further effects from government unguided policies which exposes these currencies to further inflation. Humans have a way of assuming inflation even when it has not really happened which has continuously devaluated fiat money indefinitely.

It is possible that even if governments were responsible, there could be some other reasons to invest into bitcoin, yet we don't live in such a world, and it seems that the level of outrageousness and irresponsibilities of governments (all around the world) in regards to their money printing, this has given quite a bit of a strengthened reason for bitcoin to exist and to have value and to likely put governments in check... perhaps to help some of them to become more responsible, even though it could take some time for the responsibility to play out... so we are still to find out if bitcoin is actually going to continue to be helpful as bitcoin continues to exist and likely continues to get larger, and we don't even have to answer all of those kinds of questions in order to know that it is in our own best interest to invest in bitcoin rather than not investing into it.

But come to think of an ideal world where all the leaders take responsibilities and work in synergy, there would be no reason to buy bitcoin because there won't be any ground for volatility especially in the positives. Bitcoin could die naturally. But in world where leaders devalue currencies to enable them launder money, bitcoin will always be an asset. This is why anyone who has the opportunity should invest in bitcoin. Some of the leaders are now aware of this  and are already using the whales to accumulate bitcoin to ensure that their wealth remains stable with a geometric increase. Most countries are against bitcoin, but their policies are such that will always pave way for bitcoin to survive over time.

[Loyang]

the concept of hodl has been and still is the best strategy. If you followed this method with 10+ currencies for the past 10 years you would be doing very well implying you picked from the top 30 currencies that were available.

That is retarded, roemer.  You may be lost or in the wrong thread..

We are only talking about bitcoin here, and you have to first accumulate bitcoin before HODL even makes sense, so it could take 1 or 2 cycles or longer to get to a point in which you have accumulated enough bitcoin.. and don't be fucking around with other currencies (especially fiat currencies) that mostly lose value..

Are you sure he is talking about fiat currency or he is referring to shitcoins holding.  It will be nice for him to come and specify which of the  10 currency out of 30 he's talking about, so that we can no where to place him. And of course even if he comes and talks about shit/atltcoin, we would not take him seriously  because hew chose the wrong investment plan over the right one Bitcoin.

Sure.  Fair enough.  He might be talking about shitcoins, yet that still is both  1) off topic in this thread since we are talking about bitcoin and 2) perhaps even dumber than holding some value in fiat currencies... although there are likely some shitcoins that are going to outperform various fiat currencies.

Ultimately, he was not clear what he was talking about and he is likely a disingenuine twat who is trolling and/or shilling.

Over the past 10 years almost all of the fiat currencies had gone down in their purchasing power to be 1/2 as much as they were 10 years previously..

That is for sure, as time goes on fiat currency depreciate in value due to economic inflatation, but guess what? Bitcoin even do more better during economic inflatation because people  pull out their money from dying fiat to Bitcoin, thereby Bitcoin adoption increase. And more liquidity is added to Bitcoin and it's market cap increases and Bitcoin increase in price too.

Sure.  Bitcoin is valuable because of irresponsibilities with fiat.  If governments were more responsible with their management of money, then bitcoin might not have any reason to exist...

It is possible that even if governments were responsible, there could be some other reasons to invest into bitcoin, yet we don't live in such a world, and it seems that the level of outrageousness and irresponsibilities of governments (all around the world) in regards to their money printing, this has given quite a bit of a strengthened reason for bitcoin to exist and to have value and to likely put governments in check... perhaps to help some of them to become more responsible, even though it could take some time for the responsibility to play out... so we are still to find out if bitcoin is actually going to continue to be helpful as bitcoin continues to exist and likely continues to get larger, and we don't even have to answer all of those kinds of questions in order to know that it is in our own best interest to invest in bitcoin rather than not investing into it.

Yes sir you are right. Every country's government knows very well about the Bitcoin network and the security of Bitcoin. But there are many countries that do not legalize Bitcoin in their country because no one has any control over Bitcoin. Considering all these aspects, many countries may not legalize Bitcoin in their country. But I think that with time everyone's opinion will change. Because Bitcoin will prove its worth and the value of Bitcoin may go out of hand sir. Because there are many people who are not aware of Bitcoin and almost all countries have made Bitcoin illegal except for a few countries. So now the price of Bitcoin has exceeded $120 thousand. So how much can the price of Bitcoin increase in the future. Then maybe many people or many countries may regret their actions.

[Yoona_As]

If you are thinking of investing in Bitcoin, then you can invest in Bitcoin because it is not too late for you. Maybe you are thinking that Bitcoin is at its current high price, so it is better not to invest in Bitcoin now, but if they consider the history of Bitcoin, they will see that there were many people in history who knew about Bitcoin but they were not interested in it and its value would be so high that they could not even imagine at the present time, but they made this mistake that we are currently doing because we still have Bitcoin in our hands, but many of us are not interested in investing in Bitcoin because its price is increasing.



However, we can never make the present what we did ten years ago or history what we can do today. We could never have predicted that the price of Bitcoin would increase like this because we have proven it ourselves, so we are now smart enough to invest in Bitcoin for the long term. The main goal at the moment should be to invest in Bitcoin for the long term because the future of Bitcoin is bright, in this way you can increase your wealth several times, but for this to happen, you have to do it for the long term.

[Platinumys]

I think that in our investment, most investors always have a misconception that they will make a lot of profit as soon as they start investing, but in reality, it does not happen as easily as we expect. Behind an investment, every investor has a lot of hard work and sacrifice.

Only those who can work, be patient and sacrifice are successful in the end. In this case, I will give an example, if there are 20 students in a class, not everyone gets the same results, it can be seen that some students regularly do poorly, some students get average results, and some students always get top results. What is the reason for this?
The reason is that some students do not study, some students study a little, and some students work a lot, which results in good results. In the case of investment, the same thing happens, some investors get excited after investing, and some investors plan their investments for the long term and invest accordingly. 

In other words, my main point is that those who can maintain their Bitcoin investment continuity for a long time using the DCA investment method will have the possibility of making a good amount of profit from their investment after a certain period of time.

[ruykeri]

If you are thinking of investing in Bitcoin, then you can invest in Bitcoin because it is not too late for you. Maybe you are thinking that Bitcoin is at its current high price, so it is better not to invest in Bitcoin now, but if they consider the history of Bitcoin, they will see that there were many people in history who knew about Bitcoin but they were not interested in it and its value would be so high that they could not even imagine at the present time, but they made this mistake that we are currently doing because we still have Bitcoin in our hands, but many of us are not interested in investing in Bitcoin because its price is increasing.



However, we can never make the present what we did ten years ago or history what we can do today. We could never have predicted that the price of Bitcoin would increase like this because we have proven it ourselves, so we are now smart enough to invest in Bitcoin for the long term. The main goal at the moment should be to invest in Bitcoin for the long term because the future of Bitcoin is bright, in this way you can increase your wealth several times, but for this to happen, you have to do it for the long term.

Yes, you are absolutely right. To get real profits in Bitcoin, you must focus on long-term investments. Because the price of Bitcoin always fluctuates, we should consistently invest in the long term using the DCA method, rather than thinking about getting rich quick like short-term traders.  The popularity of Bitcoin was completely different before 2020. Currently, its popularity has increased manifold and is increasing every day. In my opinion, the current price of Bitcoin is still relatively low. We will just have to wait and see how much its price will increase in the future. If someone starts investing their discretionary income in Bitcoin regularly using the DCA method from now on, they will make many times more profit after 10 years. If someone starts investing their discretionary income in Bitcoin regularly using the DCA method from now on, they will make many times more profit after 10 years.


https://charts.bitbo.io/price-prediction/

This is probably a prediction based on past growth, but I believe the reality could be even higher. So if someone is stuck in their thoughts, they should get out of their thoughts and start investing now. Because the sooner they start investing, the more profit they will have. After a while, when someone's Bitcoin goal is met, if they no longer have any income, they can still continue their life smoothly through Sustainable Bitcoin Withdrawals.

[kanftka]

Bitcoin competes with fiat, so in that sense it could be considered as something that was intended to replace fiat - yeah such replacement might not happen right away, yet you already have stated that even in your own personal journey you gravitate towards accumulating bitcoin and spending fiat, and so the longer and longer bitcoin is around, then the more and more people, institutions and governments are going to realize that they should be gravitating towards bitcoin too... so if a lot of the value is gravitating towards bitcoin, then little by little the inferior currencies are likely to receive less and less use and also to disappear.  

Sure governments are going to continue to want to preserve their inferior money systems (control systems), yet they are not going to be able to stop everyone from gravitating towards bitcoin, even though they will try to stop the gravitation of value into bitcoin..and sure maybe they will have various temporary periods of success, yet their possible temporary periods of success still does not justify not gravitating value into bitcoin for anyone who knows about the value of bitcoin sooner rather than later, then the ones who know sooner will benefit more from their knowledge so long as they act to gravitate their value into bitcoin rather than into inferior monies and/or assets... which bitcoin is the apex predator of assets and/or currencies, even if a lot of people either don't understand/realize such fact and/or some people are merely just coming around to understanding/realizing such fact that bitcoin is the apex predator of assets/currencies.

But, Why hold on to something that loses value every year? And yeah, governments will definitely try to keep their systems alive, but they can’t really stop people from moving toward something better. They might slow it down for a while, sure, but they can’t kill it. The truth is, if you understand what Bitcoin really is and you act early, you’re already ahead. Most people won’t get it till it’s way more expensive. And yeah, calling Bitcoin the apex predator isn’t even an exaggeration at this point. It just keeps proving itself over time.

We still have to find balance in how we hold bitcoin and/or fiat and/or other assets/currencies, since our bill may well be denominated in dollars and/or fiat, so we likely need to keep some fiat on-hand to pay our bills, and most people earn their wages in fiat, not in bitcoin.

Even guys who earn wages in bitcoin, they will tend to have their bitcoin amounts denominated in fiat.

Yeah true, you actually saying the truth, there has to be a balance... Especially when bills, rent, and everyday life still run on fiat. Even for those earning in BTC, they often still think in dollars anyway, like, this much BTC equals rent, food, etc.. So yeah, fiat not going anywhere overnight.

But how about some people who just default to saving in fiat their whole lives without really questioning it, beyond emergency funds or short term needs, they keep stacking cash that loses value every year. I get it though… it feels like it safer bcus they have gotten to know what bitcoin holds... But once theyve actually understand Bitcoin, they kinda start seeing fiat as the risky one long term.
It’s not about dumping fiat completely, but realizing where to store value for the future and where to spend in the present...

I think trump kind of in a way help some of them, especially the pensioners, in one of his new policy..

"Trump once mentioned retirement accounts like 401(k)s should have the option to include Bitcoin giving Americans, especially retirees, more freedom over how they invest their future".....

This may actually help some understand the future in Bitcoin that fiat...

President Trump Plans to Open 401(k)s to Bitcoin

[reagansimms]

~~~

Yes sir you are right. Every country's government knows very well about the Bitcoin network and the security of Bitcoin. But there are many countries that do not legalize Bitcoin in their country because no one has any control over Bitcoin. Considering all these aspects, many countries may not legalize Bitcoin in their country. But I think that with time everyone's opinion will change. Because Bitcoin will prove its worth and the value of Bitcoin may go out of hand sir. Because there are many people who are not aware of Bitcoin and almost all countries have made Bitcoin illegal except for a few countries. So now the price of Bitcoin has exceeded $120 thousand. So how much can the price of Bitcoin increase in the future. Then maybe many people or many countries may regret their actions.

Of course, countries are very aware of Bitcoin advantages and security, so they only legalize Bitcoin as a commodity, but do not recognize it as legal tender (as is the case in El Salvador) because the network operates outside the traditional financial system and is not regulated by financial institutions in each country. The transparency and recognition of Bitcoin as a commodity asset has led to its wider adoption, necessitating increased government oversight and monitoring of Bitcoin transactions to ensure they are not used for illegal activities.
The steps taken by several countries to regulate and supervise the use of Bitcoin and the increase in several institutional investors make Bitcoin able to easily spread its wings in the future, meaning that mass adoption and support from several countries even though it is only limited to commodity assets will change the views of those who have been skeptical about Bitcoin.

[JayJuanGee]

[edited out]

Yeah true, you actually saying the truth, there has to be a balance... Especially when bills, rent, and everyday life still run on fiat. Even for those earning in BTC, they often still think in dollars anyway, like, this much BTC equals rent, food, etc.. So yeah, fiat not going anywhere overnight.

But how about some people who just default to saving in fiat their whole lives without really questioning it, beyond emergency funds or short term needs, they keep stacking cash that loses value every year. I get it though… it feels like it safer bcus they have gotten to know what bitcoin holds...

People do not understand money and/or realize that their money is devaluating at such a high rate, and they also don't understand that the most likely cause is government printing rather than various other explanations. 

I am not anti-government, yet many of us do not realize how much we have been lied to about money and other matters too, and even the individual actors within the government might not realize that they are lying about various aspects of our money and economic matters.

But once theyve actually understand Bitcoin, they kinda start seeing fiat as the risky one long term.

It can take a bit of time for the switch to flip, even for bitcoiners, since many folks may even get into bitcoin with goal to make more cash.  Like to get to a million or more and then be a millionaire.  So they might not even realize that they might end up screwing themselves over if they spend 4-10 years or more accumulating bitcoin merely to sell all of their bitcoin and to invest into various dollar system matters, including but not limited to real estate property (like a house or even an apartment complex) to consider that is a better place to transfer their bitcoin into some inferior place... Some will actually learn about bitcoin during their 4-10 years or more investing into it and realize that they are better off to not sell too much of their bitcoin and to engage in some kind of a sustainable withdrawal and/or maintenance of their BTC..

It’s not about dumping fiat completely, but realizing where to store value for the future and where to spend in the present...

So for example we might not get into too much trouble if we are ONLY holding 2-4 months of cash in various forms.. since it may well be practical to do so, even though it is known to be losing money.  Yet we have to be careful not to hold too much cash and to recognize bitcoin as the better place to hold value for the long term in accordance with Gresham's law.. spend the less valuable money first.

I think trump kind of in a way help some of them, especially the pensioners, in one of his new policy..
"Trump once mentioned retirement accounts like 401(k)s should have the option to include Bitcoin giving Americans, especially retirees, more freedom over how they invest their future".....

Sure, allowing BTC in 401ks as an option might be good.  Pension fund managers will usually select which assets they hold, and bitcoin would likely help pension funds too.

This may actually help some understand the future in Bitcoin that fiat...
President Trump Plans to Open 401(k)s to Bitcoin

That article is a week old, so yeah it will be interesting to see how the 401k matter works out and how long it might take to start to go into effect.  There are some 401k funds that have more options than others in terms of what kinds of assets are available within the fund, so some of them might not want to add it, even if it becomes legal to add it, but then the ones that do not add it as an option might be forced to add it if their competition is adding it.

[Regardme]

the concept of hodl has been and still is the best strategy. If you followed this method with 10+ currencies for the past 10 years you would be doing very well implying you picked from the top 30 currencies that were available.

That is retarded, roemer.  You may be lost or in the wrong thread..

We are only talking about bitcoin here, and you have to first accumulate bitcoin before HODL even makes sense, so it could take 1 or 2 cycles or longer to get to a point in which you have accumulated enough bitcoin.. and don't be fucking around with other currencies (especially fiat currencies) that mostly lose value..

Are you sure he is talking about fiat currency or he is referring to shitcoins holding.  It will be nice for him to come and specify which of the  10 currency out of 30 he's talking about, so that we can no where to place him. And of course even if he comes and talks about shit/atltcoin, we would not take him seriously  because hew chose the wrong investment plan over the right one Bitcoin.

Sure.  Fair enough.  He might be talking about shitcoins, yet that still is both  1) off topic in this thread since we are talking about bitcoin and 2) perhaps even dumber than holding some value in fiat currencies... although there are likely some shitcoins that are going to outperform various fiat currencies.

Ultimately, he was not clear what he was talking about and he is likely a disingenuine twat who is trolling and/or shilling.

Over the past 10 years almost all of the fiat currencies had gone down in their purchasing power to be 1/2 as much as they were 10 years previously..

That is for sure, as time goes on fiat currency depreciate in value due to economic inflatation, but guess what? Bitcoin even do more better during economic inflatation because people  pull out their money from dying fiat to Bitcoin, thereby Bitcoin adoption increase. And more liquidity is added to Bitcoin and it's market cap increases and Bitcoin increase in price too.

Sure.  Bitcoin is valuable because of irresponsibilities with fiat.  If governments were more responsible with their management of money, then bitcoin might not have any reason to exist...

It is possible that even if governments were responsible, there could be some other reasons to invest into bitcoin, yet we don't live in such a world, and it seems that the level of outrageousness and irresponsibilities of governments (all around the world) in regards to their money printing, this has given quite a bit of a strengthened reason for bitcoin to exist and to have value and to likely put governments in check... perhaps to help some of them to become more responsible, even though it could take some time for the responsibility to play out... so we are still to find out if bitcoin is actually going to continue to be helpful as bitcoin continues to exist and likely continues to get larger, and we don't even have to answer all of those kinds of questions in order to know that it is in our own best interest to invest in bitcoin rather than not investing into it.

Sir, I agree that bitcoin is mostly tied to fiat mismanagement, and you’re right that the current situation of budgetary irresponsibility gives Bitcoin a strong edge to persist and grow. Bitcoin will always be as asset as long as  people are already investing for their own interest. As such, it’s the best time for us to keep accumulating bitcoin, because it’s fixed supply and trustless  system give it more strength.

[Wind_FURY]

I take investing on shitcoins to be memes mimicking on bitcoin because shitcoins are full of manipulations right from the developers to the project teams. They are literally a luring projects that speculates in the crypto ecosystem just to acquire values but all to no avail to profer investors any form of reliability like bitcoin does.

Bitcoin has proven itself back to back and still holding the kingship in the crypto industry and as a matter of fact that the market is uncertainty, the risk of Investing in bitcoin is only at it unpredictability while the shitcoins is project entirely surrounded with risks that you don't even know if the coin is still going to exists talk more of yielding good values.

Bitcoin was built by its founder with the purest of intentions to change the world and to solve the problem of money/create a better form of money. Those other cryptocurrencies that were created AFTER Bitcoin took advantage of the community's interest on crypto and took their Bitcoin away from them.

Those people who HODL shitcoins will debate with you to protect the value of their coins without actually understanding the underlying.

I agree with you and everyone in the space of every other coins exempt bitcoin is prioritized on making profits While the intention of bitcoin as the eyeopener with the essence of decentralization are being neglected by many users which those Investing in the shit coins forget to consider if the coin they are Investing on could serve utility value in real life neither can it be considered a store of value because as investment is concerned, the asset should be expected to outcome a store of values of we must consider long term goal but unfortunately, those investing in the shitcoins are purely gambling and thought they are holding long term potential assets like that of bitcoin.

With Bitcoin, Satoshi's approach was definitely a more technical approach. Although he wanted to build decentralized network to send and receive transactions, I believe the potential monetary "value" of such a system was the least important in his mind.

I certainly believe the his primary intention for bitcoin was the decentralization literally a unique form of custodian unlike the traditional currencies and it subject to store of values but then, users was optimistic underlining it most essence on profitablity given it a less values for everyday use for transactions such as payments for goods and services.

It will need to go through many things before we all understand what it truly is. Because it could be those many things, and probably more. This is the first time we've had such an invention, like the early days of the internet - everyone thought it was merely for passing emails back and forth. But what it truly is and truly will be wasn't known during that time.

But I think this is just the beginning because generations to come will find this financial technology more convenient to be in used than the fiats because as the world evolves, so also the need of flexible transactions with essence of security and Privacies becomes everyone's concern.

I believe that convenience and efficiency for Bitcoin must be built some centralization in mind, but the underlying should always be Bitcoin - decentralized and censorship-resistant.

[Stormisover]

the concept of hodl has been and still is the best strategy. If you followed this method with 10+ currencies for the past 10 years you would be doing very well implying you picked from the top 30 currencies that were available.

That is retarded, roemer.  You may be lost or in the wrong thread..

We are only talking about bitcoin here, and you have to first accumulate bitcoin before HODL even makes sense, so it could take 1 or 2 cycles or longer to get to a point in which you have accumulated enough bitcoin.. and don't be fucking around with other currencies (especially fiat currencies) that mostly lose value..

Are you sure he is talking about fiat currency or he is referring to shitcoins holding.  It will be nice for him to come and specify which of the  10 currency out of 30 he's talking about, so that we can no where to place him. And of course even if he comes and talks about shit/atltcoin, we would not take him seriously  because hew chose the wrong investment plan over the right one Bitcoin.

Sure.  Fair enough.  He might be talking about shitcoins, yet that still is both  1) off topic in this thread since we are talking about bitcoin and 2) perhaps even dumber than holding some value in fiat currencies... although there are likely some shitcoins that are going to outperform various fiat currencies.

Ultimately, he was not clear what he was talking about and he is likely a disingenuine twat who is trolling and/or shilling.

Over the past 10 years almost all of the fiat currencies had gone down in their purchasing power to be 1/2 as much as they were 10 years previously..

That is for sure, as time goes on fiat currency depreciate in value due to economic inflatation, but guess what? Bitcoin even do more better during economic inflatation because people  pull out their money from dying fiat to Bitcoin, thereby Bitcoin adoption increase. And more liquidity is added to Bitcoin and it's market cap increases and Bitcoin increase in price too.

Sure.  Bitcoin is valuable because of irresponsibilities with fiat.  If governments were more responsible with their management of money, then bitcoin might not have any reason to exist...

It is possible that even if governments were responsible, there could be some other reasons to invest into bitcoin, yet we don't live in such a world, and it seems that the level of outrageousness and irresponsibilities of governments (all around the world) in regards to their money printing, this has given quite a bit of a strengthened reason for bitcoin to exist and to have value and to likely put governments in check... perhaps to help some of them to become more responsible, even though it could take some time for the responsibility to play out... so we are still to find out if bitcoin is actually going to continue to be helpful as bitcoin continues to exist and likely continues to get larger, and we don't even have to answer all of those kinds of questions in order to know that it is in our own best interest to invest in bitcoin rather than not investing into it.

Yes sir you are right. Every country's government knows very well about the Bitcoin network and the security of Bitcoin. But there are many countries that do not legalize Bitcoin in their country because no one has any control over Bitcoin. Considering all these aspects, many countries may not legalize Bitcoin in their country. But I think that with time everyone's opinion will change. Because Bitcoin will prove its worth and the value of Bitcoin may go out of hand sir. Because there are many people who are not aware of Bitcoin and almost all countries have made Bitcoin illegal except for a few countries. So now the price of Bitcoin has exceeded $120 thousand. So how much can the price of Bitcoin increase in the future. Then maybe many people or many countries may regret their actions.

In my sense of reasoning I could say that it is the slowly adoption of Bitcoin that is validating it potency and the true value it represents, changes as a factor most times doesn't occur drastically and those that happens drastically May not really last but you see the ones that comes slowly and when fully taken it's place we last for as long as possible and Bitcoin is one of those change. We need to understand that meaningful changes will never occur so fast but slowly for reliability and sustainability.

[G_Besar]

Sir, I agree that bitcoin is mostly tied to fiat mismanagement, and you’re right that the current situation of budgetary irresponsibility gives Bitcoin a strong edge to persist and grow. Bitcoin will always be as asset as long as  people are already investing for their own interest. As such, it’s the best time for us to keep accumulating bitcoin, because it’s fixed supply and trustless  system give it more strength.

Now, the system within Bitcoin is so trusted by many people, companies, and governments that we can already see countries, such as El Salvador, immediately adopting Bitcoin. So, regarding the budget and the influx of money into the market, I see this only having an upward effect on Bitcoin. As I mentioned earlier, Bitcoin is increasingly sought after by many people through major exchanges, making it quite resilient as a top asset at the moment. And because of this, we shouldn't just be spectators. The better move is to buy it whenever we have the money, or to plan for ourselves to continue buying Bitcoin more aggressively.

[Miramax12]

[edited out]

Yeah true, you actually saying the truth, there has to be a balance... Especially when bills, rent, and everyday life still run on fiat. Even for those earning in BTC, they often still think in dollars anyway, like, this much BTC equals rent, food, etc.. So yeah, fiat not going anywhere overnight.

But how about some people who just default to saving in fiat their whole lives without really questioning it, beyond emergency funds or short term needs, they keep stacking cash that loses value every year. I get it though… it feels like it safer bcus they have gotten to know what bitcoin holds...

People do not understand money and/or realize that their money is devaluating at such a high rate, and they also don't understand that the most likely cause is government printing rather than various other explanations. 

I am not anti-government, yet many of us do not realize how much we have been lied to about money and other matters too, and even the individual actors within the government might not realize that they are lying about various aspects of our money and economic matters.

But once theyve actually understand Bitcoin, they kinda start seeing fiat as the risky one long term.

It can take a bit of time for the switch to flip, even for bitcoiners, since many folks may even get into bitcoin with goal to make more cash.  Like to get to a million or more and then be a millionaire.  So they might not even realize that they might end up screwing themselves over if they spend 4-10 years or more accumulating bitcoin merely to sell all of their bitcoin and to invest into various dollar system matters, including but not limited to real estate property (like a house or even an apartment complex) to consider that is a better place to transfer their bitcoin into some inferior place... Some will actually learn about bitcoin during their 4-10 years or more investing into it and realize that they are better off to not sell too much of their bitcoin and to engage in some kind of a sustainable withdrawal and/or maintenance of their BTC..

It’s not about dumping fiat completely, but realizing where to store value for the future and where to spend in the present...

So for example we might not get into too much trouble if we are ONLY holding 2-4 months of cash in various forms.. since it may well be practical to do so, even though it is known to be losing money.  Yet we have to be careful not to hold too much cash and to recognize bitcoin as the better place to hold value for the long term in accordance with Gresham's law.. spend the less valuable money first.

I think trump kind of in a way help some of them, especially the pensioners, in one of his new policy..
"Trump once mentioned retirement accounts like 401(k)s should have the option to include Bitcoin giving Americans, especially retirees, more freedom over how they invest their future".....

Sure, allowing BTC in 401ks as an option might be good.  Pension fund managers will usually select which assets they hold, and bitcoin would likely help pension funds too.

This may actually help some understand the future in Bitcoin that fiat...
President Trump Plans to Open 401(k)s to Bitcoin

That article is a week old, so yeah it will be interesting to see how the 401k matter works out and how long it might take to start to go into effect.  There are some 401k funds that have more options than others in terms of what kinds of assets are available within the fund, so some of them might not want to add it, even if it becomes legal to add it, but then the ones that do not add it as an option might be forced to add it if their competition is adding it.

You are very clear with your view there is definitely a mental shift that occur once people really grasp what Bitcoin truly represents and how fiat works behind the scenes so many people grow up trusting fiat by default that's what they ever known, so they save in without thinking
 But that trust often comes from familiarity, not actual understanding.
It’s long how many people don’t realize they’re slowly decreasing value year after year just by holding money. And you're right it’s not always about blaming some evil mastermind. Some people even in positions of power, are just repeating what they were taught or what keeps the system flowing. Once that Bitcoin lens click on into a place , through fiat starts watching more like the speculation asset are especially over long run.

[Cryptohygenic]

I certainly believe the his primary intention for bitcoin was the decentralization literally a unique form of custodian unlike the traditional currencies and it subject to store of values but then, users was optimistic underlining it most essence on profitablity given it a less values for everyday use for transactions such as payments for goods and services. But I think this is just the beginning because generations to come will find this financial technology more convenient to be in used than the fiats because as the world evolves, so also the need of flexible transactions with essence of security and Privacies becomes everyone's concern.

Bitcoin was never created to replace fiat in the first place and I don't see how bitcoin wil be more convinent to use in future to the point that it will take over from fiat because we are in a centralized world where everything is centralized. Government might be claiming to have love for bitcoin but we don't know what they are cooking behind the kitchen.

I probably believe you did not understand my point because I never said bitcoin was made to replace the fiats.
However, my expression was a backup to what Wind_FURY said on the quote below

With Bitcoin, Satoshi's approach was definitely a more technical approach. Although he wanted to build decentralized network to send and receive transactions, I believe the potential monetary "value" of such a system was the least important in his mind.

To further buttress on it, bitcoin was not only meant for actualization of monetization on Investment and the dimensions of gaining profits rather, Satoshi's visions towards the technology was for bitcoin to also be used in everyday life such as the fiats to facilitate transactions for payments and exchanges of service purposes.
But in the main time due to regulatory policies and inexperience of the masses towards the utilization of digital currency, we are being lack behind to expatiate that which bitcoin was primarily made for according to Satoshi which I believe the setback of the people not yet accepting bitcoin for the (every day use as the fiats) is basically due to the era we are and then, given it benefits to be more better utilized in generation to come.

Already, the existence of bitcoin is virally Speculating while we are still limited on the goal of accepting it for alternative means of payments in our localities but the future will always hold the best to when it will be commonly be in used as Satoshi meant for it. And while we might be skeptic of what the government might tend to do next, let's not underestimate what the future holds because everyone will be tasty of Privacies which bitcoin and it ecosystem is there to provide those opportuned privileges while fiats (may) still be in existence.

[Silikiem]

~~~

Yes sir you are right. Every country's government knows very well about the Bitcoin network and the security of Bitcoin. But there are many countries that do not legalize Bitcoin in their country because no one has any control over Bitcoin. Considering all these aspects, many countries may not legalize Bitcoin in their country. But I think that with time everyone's opinion will change. Because Bitcoin will prove its worth and the value of Bitcoin may go out of hand sir. Because there are many people who are not aware of Bitcoin and almost all countries have made Bitcoin illegal except for a few countries. So now the price of Bitcoin has exceeded $120 thousand. So how much can the price of Bitcoin increase in the future. Then maybe many people or many countries may regret their actions.

Of course, countries are very aware of Bitcoin advantages and security, so they only legalize Bitcoin as a commodity, but do not recognize it as legal tender (as is the case in El Salvador) because the network operates outside the traditional financial system and is not regulated by financial institutions in each country. The transparency and recognition of Bitcoin as a commodity asset has led to its wider adoption, necessitating increased government oversight and monitoring of Bitcoin transactions to ensure they are not used for illegal activities.
The steps taken by several countries to regulate and supervise the use of Bitcoin and the increase in several institutional investors make Bitcoin able to easily spread its wings in the future, meaning that mass adoption and support from several countries even though it is only limited to commodity assets will change the views of those who have been skeptical about Bitcoin.

I truly agree with you on this, most countries are fully aware of bitcoin advantages and its security, it’s a commodity and not recognized by all as a legal tender because it operates outside their financial system. Believe me that with time and if those who invest in bitcoin will be able to treat bitcoin for what it stand for, and not just for a quick profit making, then I think bitcoin will likely be legalized in most of this country who are yet to embrace it. Most times people tends to venture into bitcoin with a wrong mindset of quick profit making and when they fail in their pursuit they get heavily disappointed and tend to have a negative feeling towards bitcoin. But if everyone who ventures into bitcoin investment should be able to have the right mindset of investing for the long term I believe the disappointment won’t be much and surely many others will embrace bitcoin.

[inearth]

If you are thinking of investing in Bitcoin, then you can invest in Bitcoin because it is not too late for you. Maybe you are thinking that Bitcoin is at its current high price, so it is better not to invest in Bitcoin now, but if they consider the history of Bitcoin, they will see that there were many people in history who knew about Bitcoin but they were not interested in it and its value would be so high that they could not even imagine at the present time, but they made this mistake that we are currently doing because we still have Bitcoin in our hands, but many of us are not interested in investing in Bitcoin because its price is increasing.



However, we can never make the present what we did ten years ago or history what we can do today. We could never have predicted that the price of Bitcoin would increase like this because we have proven it ourselves, so we are now smart enough to invest in Bitcoin for the long term. The main goal at the moment should be to invest in Bitcoin for the long term because the future of Bitcoin is bright, in this way you can increase your wealth several times, but for this to happen, you have to do it for the long term.

Although some people's emotional reaction is that they will not invest because the price has increased, I think it is weak in terms of logic. In my opinion, if someone invests with a long-term perspective, high prices are not a problem, but the potential for growth is more important. If investment decisions are made with logic and information instead of emotions, then there will be no regrets in the future. Those whose purpose is long-term investment are never affected by market fluctuations or do not stop their investments. They continue to invest patiently according to their plan because their goal is long-term growth and profit. A long-term investor knows that if they stop investing because of small fluctuations, they lose big opportunities. I think those whose purpose is not long-term investment are more worried about price fluctuations. They buy when the price falls and sell when the price rises, and again, they do not dare to buy when the price rises, thinking that the price will fall. So if you have to worry about price fluctuations, it would be best to invest using the DCA method so that you can continue investing with a small amount and keep the risk under control, so you do not have to panic much during market fluctuations.