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Author Topic: Your Life After 10 years in Bitcoin...  (Read 3482 times)
xSkylarx
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May 18, 2023, 11:39:48 AM
 #301

A lot of things already happened to me and I didn't know that it has laready been that long.
To be honest I experienced a lot of things because of crypto, my first investment, first time losing my money on investment, and also first time earning from my investments.
Cryptocurrency had changed my life it also open ups and let me learn a lot of things through those experiences.

as long as you've learn from your mistakes you can prevent it in the future , I mean all of us went thru a lot for sure some of us got scammed before by those ponzi as we used to invest on it as well as wrong decision making on investing but all of it is that we learn from it , we got an experience from it that we bring in the future and now we see that holding bitcoin is good so we do always accumulate it or save more money so that we can invest more and we can hold more
Make sure you back up your wallet regularly! Unlike a bank account, nobody can help you if you lose access to your BTC.
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Obari
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May 18, 2023, 02:28:06 PM
Last edit: May 18, 2023, 04:43:31 PM by Obari
Merited by JayJuanGee (1)
 #302


Now bitcoin is preparing to reach another ATH. Are you still there and holding your bitcoins? What happened to your life after 10 years in bitcoin? Is there any changes?

Well I'm just officially 1 year in bitcoin  and I've already got more than enough testimonies about bitcoin 😅
I don't know what will happen  in 10 years but one thing is certain that I'm already growing wiser in the bitcoin  industry  and I hope I don't ever get trapped within negative  news about bitcoin.
People love whatever that seems like free money and at some point, bitcoin  seems to give out free money on investment  for hodling for long with minimal efforts.

Whatever  the case might be, the journey in bitcoin  is a very amazing and interesting  one and I'm sure that 85% of the people who have been in the industry  and forum for over 10 years and  are still active should be reaping the fruits of their labor and whatever the case might be the,  the 85% majority should be living a comfortable life.

R


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JayJuanGee
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May 18, 2023, 02:44:50 PM
 #303

Now bitcoin is preparing to reach another ATH. Are you still there and holding your bitcoins? What happened to your life after 10 years in bitcoin? Is there any changes?
Well I'm just officially 1 year in bitcoin  and I've already got more than enough testimonies about bitcoin 😅
I don't know what will happen  in 10 years but one thing is certain that I'm already growing wiser in the bitcoin  industry  and I hope I don't ever get trapped within negative  news about bitcoin.
People love whatever that seems like free money and at some point, bitcoin  seems to give out free money on investment  for hodling for long with minimal efforts.

Whatever  the case might be, the journey in bitcoin  is a very amazing and interesting  one and I'm sure that 85% of the people who have been in the industry  and forum for over 10 years and  are still active should be realing the fruits of their labor and whatever the case might be the,  the 85% majority should be living a comfortable life.

You might be correct in your estimation of the percentage of success, but I have my doubts that the level of success of about 85% to be as high as you project it to be.  A lot of people make mistakes and fairly BIG mistakes in regards to getting shaken out of their BTC and failing to reinvest or investing into BTC too whimpily.. and of course, even whimpily investors into BTC have been rewarded over the years as long as they have mostly been accumulators and HODLers rather than fucking around with trying to time the market and sometimes failing/refusing to buy.

Sure, on the other end of the spectrum are those who had gotten overly aggressive.. which contributes to its own level of reckening (financial and psychological) that might contribute towards failing/refusing to either get back in or to convert into a more conservative, prudent and/or realistic BTC investment style.

So your estimate of an 85%-ish success rate seems a wee bit optimistic.. coming from a guy who barely/almost is getting up to 10 years in my BTC investment journey.... in that November will be my 10-year anniversary.

By the way, I will grant you that there are ways in which the longer term bitcoiners can screw up their investment in a lot of different ways, and still end up having the BTC portion of their investment portfolio to out-perform the various other assets that they might have therein....to the extent that they have anything else in their investment portfolio (presuming a 10-year or longer investment timeline - and 10 years in bitcoin).  So for you, if you ONLY have 1 year (or a few years) in bitcoin, you have a long journey ahead of you in terms of putting your own resolution to the test.. your resolution in terms of how you are going to accumulate BTC and how you are going to maintain your BTC holdings as compared/contrasted to other places you could place your value.... including your finances, time and energies.

1) Self-Custody is a right.  There is no such thing as "non-custodial" or "un-hosted."  2) ESG, KYC & AML are attack-vectors on Bitcoin to be avoided or minimized.  3) How much alt (shit)coin diversification is necessary? if you are into Bitcoin, then 0%......if you cannot control your gambling, then perhaps limit your alt(shit)coin exposure to less than 10% of your bitcoin size...Put BTC here: bc1q49wt0ddnj07wzzp6z7affw9ven7fztyhevqu9k
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May 18, 2023, 04:10:40 PM
 #304

The story of Bitcoin is clear understanding at the people that get the information early stage and buy Bitcoin at a low price early 2009, which has changed life during the first Bull Run, that took place 10 years later and Bitcoin making someone Rich is sure, but is a business of patience and giving it time, not to get rich quick business, because is not advisable to involved ponzi scheme money doubler using Bitcoin, it may clash and your funds we gone for ever. So buy Bitcoin and hold for period of time and sell with a profits.
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May 18, 2023, 04:32:01 PM
 #305

By the way, I will grant you that there are ways in which the longer term bitcoiners can screw up their investment in a lot of different ways,
Sure enough, I still remember the time when I had no other choice but to sell my bitcoin holdings for something urgently needed. My long term investment plans are ruined even though I can still build the portfolio again at another time, but it's true that long term bitcoin investors also can always ruin their plans unexpectedly.

At the same time, I didn't have a lot of money to go without selling bitcoin, but then I started to think that the saving budget portion should be at least 2x bigger than the investment budget. If only I had thought about it in advance and prepared for it, then I don't think I need to spoil that long-term investment plan. But never mind, it was a lesson that later taught me about how to manage finances between savings, investment, and meeting needs.

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Obari
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May 18, 2023, 05:07:57 PM
Last edit: May 19, 2023, 04:30:40 AM by Obari
Merited by vapourminer (2)
 #306

So for you, if you ONLY have 1 year (or a few years) in bitcoin, you have a long journey ahead of you in terms of putting your own resolution to the test.. your resolution in terms of how you are going to accumulate BTC and how you are going to maintain your BTC holdings as compared/contrasted to other places you could place your value.... including your finances, time and energies.
Yeah I have a very long way to go and that's why most times I feel bad when I can't buy at every Instance I get a nice point to buy and I guess this was also one of the reasons most people didn't grab most of the opportunities bitcoin  had to offer.
I basically  don't have any hodlings now which made me realize that even people who missed out when bitcoin price was very low didn't do so intentionally, and some of them wished they could  buy but maybe didn't have the money to buy.

I had a plan already to use some of my campaign  rewards to invest for a longer time and I'm hoping to smile at the end.
Thanks for the advice sir.

R


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JayJuanGee
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May 18, 2023, 07:05:01 PM
Merited by vapourminer (1)
 #307

By the way, I will grant you that there are ways in which the longer term bitcoiners can screw up their investment in a lot of different ways,
Sure enough, I still remember the time when I had no other choice but to sell my bitcoin holdings for something urgently needed. My long term investment plans are ruined even though I can still build the portfolio again at another time, but it's true that long term bitcoin investors also can always ruin their plans unexpectedly.

I wouldn't underestimate ability to recover, because there are various points in which any of us could end up selling some of our bitcoin, and not being able to get back up to that quantity of bitcoin (ever again)... part of our ability to recuperate the size of our BTC stash will depend upon some variables like how much we sell, when we sell and our own personal abilities to generate cashflow.

I believe at one point earlier I had given an example of someone who might have acquired a decent quantity of BTC in 2015 when the BTC prices were in the mid $200s.. and even if we might say that s/he accumulated 40 bitcoin for around $12k (averaging $300 per BTC), it would take a whole hell of a lot of cashflow to make up for losing or selling that same quantity of BTC at the wrong time... right now it would cost right around $1million to stack up 40-ish BTC... even though it ONLY cost around $12k for the vast majority of 2015... a mere 8 years ago.

At the same time, I didn't have a lot of money to go without selling bitcoin,

Yes.. for sure.. we can get ourselves into a bit of a cash-crunch pickle, and many times those cash crunch situations may well end up showing themselves at exactly the time that we should not be selling BTC.. and at the time that we should be buying BTC... that is part of the negative aspects of BTC price dynamics that tend to be quite difficult to avoid, even for  BTC investors (HODLers) who have a lot of practice and experiences in managing their cashflows and expenses.

but then I started to think that the saving budget portion should be at least 2x bigger than the investment budget. If only I had thought about it in advance and prepared for it, then I don't think I need to spoil that long-term investment plan. But never mind, it was a lesson that later taught me about how to manage finances between savings, investment, and meeting needs.

You should feel yourself to be lucky if you were able to learn from your experiences, because sometimes it still can be difficult to learn from our experiences, and sometimes we still might end up making similar kinds of mistakes, even if we made those same kinds of mistakes in the past.  I surely have made similar kinds of mistakes, and I feel real proud of myself when I can recognize that the degree of my mistake in the future ends up playing less severe than it had played out in the past... .. so not easy to completely avoid mistakes, and if we are trying to be somewhat aggressive in our investment approach, we may well end up making even more mistakes than if we had chosen a more conservative path, but sometimes the conservative paths will end up showing themselves as mistakes too.. Part of living seems to be making mistakes and trying to figure out the right level of balance so that any mistakes that we do make are not so severe as to take us out of the game completely and they are recoverable kinds of mistakes rather than getting reckt kinds of mistakes, even though some people don't mind getting reckt.. .. and maybe it works out for them to get reckt over and over and some of them may end up on the street after a certain amount of times in which they might not be able to recover.. or they end up having to live in a much more restricted financial situation later in their lives.. so taking risks can sometimes pay off.. but not necessarily knowing the consequences until later in life.

So for you, if you ONLY have 1 year (or a few years) in bitcoin, you have a long journey ahead of you in terms of putting your own resolution to the test.. your resolution in terms of how you are going to accumulate BTC and how you are going to maintain your BTC holdings as compared/contrasted to other places you could place your value.... including your finances, time and energies.
Yeah I have a very long way to go and that's why most times I feel bad when I can't buy at every I stance I get a nice point and I guess this was also one of the reasons most people didn't grab most of the opportunities bitcoin  had to offer.

For sure, each of us has to attempt to measure how aggressive that we are ready, willing and able to be based on our current finances (and psychology), and if we end up overdoing it or underdoing it, then we can have regrets down the road, but if we realize that we are striking a decent balance, then we should learn not to kick ourselves later down the road when we tell ourselves that "we should have bought more" blah blah blah.. because we should need to figure out those kinds of balances as we go.. and attempt to anticipate the better ways of balancing our finances, time, energies and psychology.

For example, if you ONLY have $200 of extra money that has to last you the whole month, and if you put more than half of it into bitcoin, then, you might be regretting what you did for a variety of reasons (like an emergency comes up or the BTC price dips).. so sometimes you have to figure out various strategies to make sure that the amount that you are investing is not causing you too many stresses from the ramifications of what you had chosen to do.

I basically  don't have any hodlings now which made me realize that even people who missed out when bitcoin when the price was very low didn't do so intentionally, and some of them wished they could  buy but maybe didn't have the money to buy.

It can be good to have some money in reserves to buy when the BTC price dips, and we are not always going to know when it is going to dip or how much it is going to dip, so many times we may well end up running out of money, so sometimes we can end up learning how to keep some money in reserves from our previously having had run out of money too soon.

One thing that many of us should attempt to recognize and realize is that we should not be rushing to get into BTC too much merely because we feel that we are late, so in that regard, we need to figure out some ways to be sufficiently aggressive (assertive) with our investment amount, but still not causing ourselves to over do it, merely because we believe that we are late (as compared to others who got into bitcoin 10 years ago, 5 years ago, or even 2 years ago).  We can ONLY work with what we have, and sometimes, we ONLY have so much that we can do, including if we might consider if there might be ways that we might reasonably be able to increase our income without causing too many negative impacts to ourselves (such as health)..

So sometimes we can improve our income by finding more work, and other times, we might need to spend some time in non-paid work (such as learning and networking) in order to improve the level (quality and pay) of the work that we end up doing.. easier said than done, sometimes... but there sometimes can be routes to work that is both more fulfilling and better paid, but sometimes it might take a bit of time to get into those kinds of positions that might thereafter allow for larger abilities to stack sats.

I had a plan already to use some of my campaign  rewards to invest for a longer time and I'm hoping to smile at the end.
Thanks for the advice sir.

Yes.. I know that some members will be able to use their campaign rewards to buy bitcoin because they are able to support themselves with whatever might be their regular work.. or they might find various ways to generate cash that allows them to make sure that their expenses are covered, and then they feel more comfortable with their abilities to use extra income to buy bitcoin with that extra money that came in.

1) Self-Custody is a right.  There is no such thing as "non-custodial" or "un-hosted."  2) ESG, KYC & AML are attack-vectors on Bitcoin to be avoided or minimized.  3) How much alt (shit)coin diversification is necessary? if you are into Bitcoin, then 0%......if you cannot control your gambling, then perhaps limit your alt(shit)coin exposure to less than 10% of your bitcoin size...Put BTC here: bc1q49wt0ddnj07wzzp6z7affw9ven7fztyhevqu9k
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May 18, 2023, 08:03:15 PM
 #308

Me in crypto world is not up to 10 years just three years only, but for the three years that I'm spending in cryptocurrency, I'm very happy and comfortable, because of things I learned from investment. The first time I was trying to give up because of fear panicking and lost, but I didn't, but now I'm taking step by step to receive what I want to achieve in Bitcoin investments, before I will reach ten years in Bitcoin investments I will be more dipper in it, and will a successful investor. Even this three years I'm very interesting in Bitcoin investments plus the seven that in front I will be a  good or a great Bitcoin investor.

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May 18, 2023, 08:08:27 PM
 #309

Me in crypto world is not up to 10 years just three years only, but for the three years that I'm spending in cryptocurrency, I'm very happy and comfortable, because of things I learned from investment. The first time I was trying to give up because of fear panicking and lost, but I didn't, but now I'm taking step by step to receive what I want to achieve in Bitcoin investments, before I will reach ten years in Bitcoin investments I will be more dipper in it, and will a successful investor. Even this three years I'm very interesting in Bitcoin investments plus the seven that in front I will be a  good or a great Bitcoin investor.
Me im just 8 years here on crypto space specially i have started up here on this forum in 2015 on which there are  lots of things that i had witnessed and encounter. Sadly i wasnt able to accumulate into those early
years considering that my earning is actively been withdrawn due to some needs and other priorities in life which i do really need up to convert my coins into fiat which i dont really have no choice.,
This is why on the time that Bitcoin did make out some pump on 20k then thats the time i did make out some regret on what are the things did happen. How much more on the time it did reach out on 69k?
Well, there's no point on making yourself do always keep on minding about those missed opportunity and this is why after those years where i did make out some changes and did really accumulate
as much as i could. I didnt tend to look back on what are those past things that did happen because it would really be just hindering you on doing on what you should gonna supposed to do.
Move on and proceed on what are your plans and there's no way on getting back in time on correcting those mistakes that had been done. Just be grateful that you've known
 crypto and able to make out at least some progress and upgrade towards your finances.

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May 18, 2023, 08:53:28 PM
 #310

Me in crypto world is not up to 10 years just three years only, but for the three years that I'm spending in cryptocurrency, I'm very happy and comfortable, because of things I learned from investment. The first time I was trying to give up because of fear panicking and lost, but I didn't, but now I'm taking step by step to receive what I want to achieve in Bitcoin investments, before I will reach ten years in Bitcoin investments I will be more dipper in it, and will a successful investor. Even this three years I'm very interesting in Bitcoin investments plus the seven that in front I will be a  good or a great Bitcoin investor.
Me im just 8 years here on crypto space specially i have started up here on this forum in 2015 on which there are  lots of things that i had witnessed and encounter. Sadly i wasnt able to accumulate into those early
years considering that my earning is actively been withdrawn due to some needs and other priorities in life which i do really need up to convert my coins into fiat which i dont really have no choice.,
This is why on the time that Bitcoin did make out some pump on 20k then thats the time i did make out some regret on what are the things did happen. How much more on the time it did reach out on 69k?
Well, there's no point on making yourself do always keep on minding about those missed opportunity and this is why after those years where i did make out some changes and did really accumulate
as much as i could. I didnt tend to look back on what are those past things that did happen because it would really be just hindering you on doing on what you should gonna supposed to do.
Move on and proceed on what are your plans and there's no way on getting back in time on correcting those mistakes that had been done. Just be grateful that you've known
 crypto and able to make out at least some progress and upgrade towards your finances.

You mention $69k as if it were an "opportunity" in bitcoin, and the truth of the matter seems to be that right now (and in about the past year), "we" have been experiencing "opportunities" in bitcoin.

In other words, if you have been in bitcoin for 8 years, and all you seem to be able to recognize and/or appreciate is that "I could have sold bitcoin for higher prices than I bought it for", then you likely have not figured out the value in stacking bitcoin and stacking bitcoin in such a long time frame that you do not give too many shits about any kind of an ability to sell it in the short term.

Don't get me wrong.. part of the value of attempting to address matters inside of a thread that is mentioning "10 years" as its timeframe, is to point out part of the value that has the potential of coming from being able to consider bitcoin in terms of long time horizons and long term investing.......

Anyone have abilities to defer gratification for a few years?  how about attempting to defer gratification for something in the ballpark of 10 years or longer?  Are you able to do it?  Are you able to contemplate such a way of thinking?  

It is quite likely that you have to be able to think in longer time frames before you are even able to be able to create a plan that you want to try to be able to adhere to in those kinds of longer time frames.

Are we currently in "opportunity territory" or not?  What do you low coiners, no coiners or precoiners think?  Anyone who is somewhat new to bitcoin or anyone who failed/refused to stack bitcoin (sats) over the past 10, 8, 5 or 3 years can be envious of those bitcoin HODLers who had been stacking and/or holding BTC in the past 10 years (or similar time frame) as seems to be part of what sparked (inspired) OP to set forth his first post in this thread.  Yet, it seems that any of us who have been in bitcoin and have errored on the side of accumulating and HODLing bitcoin likely recognize that there are ongoing needs to get started in the stacking of sats journey in order to attempt to lessen chances of being overly envious of others who had been stacking sats for decently long periods of time, including someone who had stacked $10 worth of sats per week - for every week - for the past 10 years would have likely been able to stack around 7 bitcoin... and around $5.2k invested (that's $520-ish per year).

1) Self-Custody is a right.  There is no such thing as "non-custodial" or "un-hosted."  2) ESG, KYC & AML are attack-vectors on Bitcoin to be avoided or minimized.  3) How much alt (shit)coin diversification is necessary? if you are into Bitcoin, then 0%......if you cannot control your gambling, then perhaps limit your alt(shit)coin exposure to less than 10% of your bitcoin size...Put BTC here: bc1q49wt0ddnj07wzzp6z7affw9ven7fztyhevqu9k
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May 18, 2023, 11:23:45 PM
 #311

Bitcoin was invented by the mysterious Satoshi Nakamoto in 2008 and released as open-source software in early 2009. It was gradually recognized by many until it reached a peak of $19,783 per bitcoin in late-2017.

From the beginning of bitcoin history I know that many people become rich instantly when they hold their bitcoins and sold at the highest price last 2017.  After the price of bitcoin fluctuated and dropped where many investors got scared and started to panic to sell their bitcoin even if they went bankrupt. But we cannot hide that bitcoin has changed many lives.

On the other hand, after bitcoin dump many are still investing, especially as the price of bitcoin gradually rises again. And due to the continuous development of bitcoin it has become more and more popular and attractive to investors especially to the rich and big companies.

Now bitcoin is preparing to reach another ATH. Are you still there and holding your bitcoins? What happened to your life after 10 years in bitcoin? Is there any changes?
This is not asking a question, we need to get prepared and plan ahead for the anticipated bull market that is coming very soon.
Some persons are likely to be holding large amount of Bitcoin in there wallet and they will not be surprised to see the price of Bitcoin skyrocketing because they already understand the market and had bought enough quantities of Bitcoin and other altcoins waiting for the cryptocurrency market to begins the movement so that they can earn big from the market without any stress regretting of not buying when the price was very low and affordable.









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May 18, 2023, 11:54:06 PM
Last edit: May 23, 2023, 10:05:22 PM by andromeedaa
 #312

Five years in and I'm about 100%+ which is quite nice..
To be honest I lost a lot of money a few years before during the hype. About 7000$ which was a big chunk of money for me back then. trading like a maniac and buying and selling everyday is just not not way.
Funnily enough I made a fortune by showing myself off as a cam model on Chaturbate. Later I transitioned to CamsPop which is another live sex cams site. The cam models there are free to watch and it is open for everyone who is willing to produce porn of themselves. And if you have produced enough porn on a live stream and you were smart enough to record your sessions, then you can upload it to some of the biggest porn sites on the web like PornHub. They pay you for views just like Youtube. By this you can earn money by doing nothing and you are not bothered by fluctuations of any prize.
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May 19, 2023, 09:58:40 AM
 #313

The story of Bitcoin is clear understanding at the people that get the information early stage and buy Bitcoin at a low price early 2009, which has changed life during the first Bull Run, that took place 10 years later and Bitcoin making someone Rich is sure, but is a business of patience and giving it time, not to get rich quick business, because is not advisable to involved ponzi scheme money doubler using Bitcoin, it may clash and your funds we gone for ever. So buy Bitcoin and hold for period of time and sell with a profits.

It's not just about someone who has gotten rich on Bitcoin over the last ten years or since Bitcoin has become tradable on the market. But there are already a lot of people who have been successful and rich with Bitcoin after being patient for the last ten years by holding Bitcoin and selling it when the price is high.

I'm not going to respond about ponzi schemes that are so unworthy to be discussed and followed by everyone in this world, but those who had known Bitcoin earlier and then believed in Bitcoin as a good asset to have, maybe in the past two years they also have get a very appropriate reward, namely to become rich and successful through their patience in saving Bitcoin which they consider to be the best investment in their life.

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EarnOnVictor
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May 19, 2023, 10:06:12 AM
Merited by JayJuanGee (1)
 #314

What happened to your life after 10 years in bitcoin? Is there any changes?
This is a good and challenging question for those who adopted Bitcoin early and those who just adopted it, including me. Although I've been spending Bitcoin since about 6 years ago I just started taking the investment in the coin seriously last year. This indicates that I still have over 9 years to assess myself regarding your question, yet, what I envisage is really positive.

I have been prosperous with my engagement with Bitcoin in less than a year and almost all my money that was to be wasted in my bank account was converted to Bitcoin last year for both trading and investment and the results have been "so far, so good."

In light of this, I see myself as a millionaire in $ in the next 9+ years remaining if my present success assessment and future opportunities in the coin as envisaged in relation to your question.

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May 19, 2023, 10:15:14 AM
 #315

I am optimistic about the future. I always wonder what the days ahead hold for me. If I think about the next 10 years from now I will try to hold some amount of BTC and I believe if I can hold some amount of BTC for the next 10 years then maybe 10 years later that investment can change my life.  Because I believe the value of Bitcoin will increase a lot in these ten years. And I've been trying to hold a little bit of BTC for long term planning since I hope I can hold my investment for a long time.
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May 19, 2023, 04:45:31 PM
 #316

Actually is not up to 10yrs I know Bitcoin but then I have known Bitcoin since 2018 and that was after it's ATH in 2017. Since then  I have seen Bitcoin price fluctuate but still I won't say it is a bad experience and I also believe that before my 10yrs experience in Bitcoin I will make a huge profit  and I believe it 😀😀

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May 19, 2023, 05:28:17 PM
Merited by JayJuanGee (1)
 #317

Actually is not up to 10yrs I know Bitcoin but then I have known Bitcoin since 2018 and that was after it's ATH in 2017. Since then  I have seen Bitcoin price fluctuate but still I won't say it is a bad experience and I also believe that before my 10yrs experience in Bitcoin I will make a huge profit  and I believe it 😀😀

What do you mean by making a profit really? Do you plan to hold to a certain point and sell it all when the price reaches the target? Do you have any strategy for investing in crypto, i.e. doing DCA, selling at what looks like a top and buying back cheaper, or selling some percentage of your holdings each time the price doubles?
I think most of people here don't really have a plan, which is not wrong on its own, but it exposes them to making mistakes and spontaneous trading based on emotions, which rarely ends well.

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May 19, 2023, 05:34:31 PM
Last edit: May 19, 2023, 05:51:08 PM by JayJuanGee
 #318

What happened to your life after 10 years in bitcoin? Is there any changes?
This is a good and challenging question for those who adopted Bitcoin early and those who just adopted it, including me. Although I've been spending Bitcoin since about 6 years ago I just started taking the investment in the coin seriously last year. This indicates that I still have over 9 years to assess myself regarding your question, yet, what I envisage is really positive.

I have been prosperous with my engagement with Bitcoin in less than a year and almost all my money that was to be wasted in my bank account was converted to Bitcoin last year for both trading and investment and the results have been "so far, so good."

In light of this, I see myself as a millionaire in $ in the next 9+ years remaining if my present success assessment and future opportunities in the coin as envisaged in relation to your question.

You have a bit of a strange way to describe your situation EarnOnVictor - but hey, you can do whatever you like... even though in essence, you are saying that you fucked around with bitcoin and did not realize its "long term" investment potential for the first 6 years that you were in it, even though in the past year, you have come to realize the long term potential of it.

O.k.. so be it.   Therefore, you want to start your measurement of your 10 years in bitcoin from 1 year ago..

alright.


Another thing that you say, is that you expect to be able to build up to millionaire status (seemingly in regards to your bitcoin stash) within the next 9 years (so let's say mid-2032-ish), yet you did not say how many bitcoins you are expecting to be required in order to reach such a "millionaire status."  I am not really trying to quibble with you on your predictive prowess point, even though surely many of us likely realize that a lot can happen in 9 years, and surely we may need to be careful in terms of trying to be too demanding in regards to our expectations in that kind of a time-frame - even though surely you may well end up being correct in terms of the soundness of your own predictive prowess.

Just to mention my own attempts to answer some future BTC price matters, about a month ago, I had revised my BTC price bottom prices from December 28, 2021 - and so my most recent attempt to project BTC bottom prices shows that in 2032, you would need around 11 BTC to be at "millionaire" status (referring to the value of today's dollars), even though on December 28, 2021, I had projected millionaire status for mid 2032 to have had been around 0.28 BTC, so there is a pretty BIG difference between those two projections.. (around a 39x difference.. hahahahaha).

I am optimistic about the future. I always wonder what the days ahead hold for me. If I think about the next 10 years from now I will try to hold some amount of BTC and I believe if I can hold some amount of BTC for the next 10 years then maybe 10 years later that investment can change my life.  Because I believe the value of Bitcoin will increase a lot in these ten years. And I've been trying to hold a little bit of BTC for long term planning since I hope I can hold my investment for a long time.

Yes... Patrol69... a lot of forum members, including the OP of this thread seem to be looking at others and "hoping" what they might do and not even describing what they did in the last 10 years, and even if some of us might be younger than others, there may well still be ways in which we might consider our lives in building ways, rather than merely hoping ways.. I cannot really say for sure.. because if someone might be in their early 20s, then they might NOT have had enough time living on their own in order to attempt to build, save and invest in various kinds of ways in order to have some time element to what they have done in order to attempt to show that they are not merely speaking about what they plan to do, but instead attempting to execute what they are able to do, and even if it might take them longer than 10 years to build a decently strong investment portfolio, many times it can be effective to figure out what you have done and to build upon that... and there is going to continue to be a lot of uncertainties in regards to how effective your planning and executing upon your plans is going to end up  paying off in a 10 year or longer timeline.

For example, for myself, I have had ONLY 10 years in bitcoin, yet before I got into bitcoin I had more than 20 years of investing and/or financial planning and executing and also a lot of mistakes along the way... and sometimes planning can pay off, but any kinds of planning seems to need to be coupled with action and building too... which is likely more realistic attempt focus on what you have done, and what you are currently doing, rather than merely what you expect to happen 10 years down the road.

Actually is not up to 10yrs I know Bitcoin but then I have known Bitcoin since 2018 and that was after it's ATH in 2017. Since then  I have seen Bitcoin price fluctuate but still I won't say it is a bad experience and I also believe that before my 10yrs experience in Bitcoin I will make a huge profit  and I believe it 😀😀

Yeah but what have you done in the last 5 years?  You are half way to 10 years in terms of your knowing about bitcoin, did you act in those past 5 years?

I will say that in my first year of bitcoin (which was mostly 2014), I was building my BTC position, but it still likely took me a couple of years to start to quite a bit more comfortable, such as in early 2017, so some kinds of comfort can be quite a bit connected to both ongoingly being in bitcoin, but also getting into some level of profitability, and surely none of the profitability is even guaranteed until after it already had happened, and sometimes even being in profits could have some temptations for people to screw up by selling too much too soon and/or failing refusing to hang onto enough bitcoin in order to be prepared for further bitcoin UPpity once a decent amount of Up has already taken place.

Actually is not up to 10yrs I know Bitcoin but then I have known Bitcoin since 2018 and that was after it's ATH in 2017. Since then  I have seen Bitcoin price fluctuate but still I won't say it is a bad experience and I also believe that before my 10yrs experience in Bitcoin I will make a huge profit  and I believe it 😀😀

What do you mean by making a profit really? Do you plan to hold to a certain point and sell it all when the price reaches the target? Do you have any strategy for investing in crypto, i.e. doing DCA, selling at what looks like a top and buying back cheaper, or selling some percentage of your holdings each time the price doubles?
I think most of people here don't really have a plan, which is not wrong on its own, but it exposes them to making mistakes and spontaneous trading based on emotions, which rarely ends well.

I don't really like the idea of "making it BIG" by engaging in plans that seem to emphasize "trading" or selling BIG on the way up in order to accumulate more BTC, even though otherwise you make a lot of decent points in regards to preferences to have some kinds of plans (even if they might not be that great) rather than merely "talking a big game," which seems to mostly be what Crptomagma had done in that particular post.

1) Self-Custody is a right.  There is no such thing as "non-custodial" or "un-hosted."  2) ESG, KYC & AML are attack-vectors on Bitcoin to be avoided or minimized.  3) How much alt (shit)coin diversification is necessary? if you are into Bitcoin, then 0%......if you cannot control your gambling, then perhaps limit your alt(shit)coin exposure to less than 10% of your bitcoin size...Put BTC here: bc1q49wt0ddnj07wzzp6z7affw9ven7fztyhevqu9k
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May 19, 2023, 05:48:01 PM
 #319


Now bitcoin is preparing to reach another ATH. Are you still there and holding your bitcoins? What happened to your life after 10 years in bitcoin? Is there any changes?
I have been involved in this bitcoin forum since long time. Many opportunities have come in my life but I have not been able to utilize any opportunity properly till now. If I could have taken advantage of the few opportunities that have come my way, I would have had a lot of money today. But right now I have some bitcoins that I have invested long ago. Currently I have a lot of losses in my investment. But I will hold on to my investment until I can recover my losses. But I hope after 10 years I can take a lot of good things from here.
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May 19, 2023, 05:59:52 PM
 #320

Now bitcoin is preparing to reach another ATH. Are you still there and holding your bitcoins? What happened to your life after 10 years in bitcoin? Is there any changes?
I have been involved in this bitcoin forum since long time. Many opportunities have come in my life but I have not been able to utilize any opportunity properly till now. If I could have taken advantage of the few opportunities that have come my way, I would have had a lot of money today. But right now I have some bitcoins that I have invested long ago. Currently I have a lot of losses in my investment. But I will hold on to my investment until I can recover my losses. But I hope after 10 years I can take a lot of good things from here.

Well, yeah. 

You have been registered in this forum for nearly a year longer than me (so you have just passed your 10 year anniversary, 3 days ago)... so if you have failed/refused to so far build a stack of BTC, then maybe you might want to consider some kind of a dollar cost averaging plan into BTC.. and get yourself acting rather than merely thinking about it or merely talking about such a thing.

Surely, starting a DCA plan 10 years ago with merely $10 per week would have gotten you right around 7 BTC for an investment of right around $5,200.. and so maybe today, it would be prudent to DCA with a larger amount.. such as $100 per week, if you are able, and surely if you consider some kind of an aggressive DCA'ing plan, then you may well end up feeling pretty good about whatever you had done 10 years from now, even though surely there are no guarantees that such an aggressive DCAing into BTC plan will end up working out in a decently good way.. so there are always uncertainties, even though it seems that BTC's investment thesis is not any weaker now than it was 10 years ago.

1) Self-Custody is a right.  There is no such thing as "non-custodial" or "un-hosted."  2) ESG, KYC & AML are attack-vectors on Bitcoin to be avoided or minimized.  3) How much alt (shit)coin diversification is necessary? if you are into Bitcoin, then 0%......if you cannot control your gambling, then perhaps limit your alt(shit)coin exposure to less than 10% of your bitcoin size...Put BTC here: bc1q49wt0ddnj07wzzp6z7affw9ven7fztyhevqu9k
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