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Author Topic: Your Life After 10 years in Bitcoin...  (Read 3482 times)
DaNNy001
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May 22, 2023, 07:15:14 PM
 #341

Life is rather full of surprises and its nice to actually hear someone actually saying some truth about holding your coins. Like I said life is full of surprises and you never know what might hit you next that might require you to actually sell off some of coins which is not a bad thing I presume but this notion of selling your coins is actually seen by many members here as some kind of abomination but the truth is no matter the level of investment or savings one is into there is actually a time that can possibly require you to temper with those coins or savings as that is the whole sequence of life.
Even though it is possible for such things to happen, of course we must remember that when we are and want to sell, it is clearly still very permissible. It's just that we must know that the conditions for selling must clearly be more than what we bought before. I will still emphasize like that because indeed our goal to invest is certainly about profit and why sell when we are still losing and just throwing away what you have.
On the other hand, this is the importance of financial management isn't it? because of course we realize that Investment is only a small portion of the money we have or we set aside and that's what we should still emphasize because regardless of anything we still have to save unexpected funds as one of the conditions to minimize events that are not really expected. and when it happens even though we don't expect it, but we still have money that can be allocated to patch or minimize it so that we don't interfere with the investment we do, especially if it hasn't met the desired target.
So in order words you are saying that one should actually save money for the unexpected events that might occur in our life's so as to free us from tempering with our bitcoin investment or any other investment? Well I think thats not a bad idea but I don't think anyone actually save for the unexpected or Atleast my savings is actually for such purpose because money spent to tackle my problem is actually welcome for me as a money well spent because the problems are bound to come but it will be worse if there is actually no funds to handle it or lead to you borrowing from others.

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May 22, 2023, 08:07:28 PM
 #342

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?

I suppose hodling is the best option if you have BTC. About 6 years ago I withdrew some money, I consider it as a mistake, since later it rose significantly. And now there is one more reason to hodl: the chance to save money in case of dollar (or other fiat) inflation. I don't know if BTC is going to be stable during inflation, but there is such possibility.

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May 25, 2023, 05:14:17 PM
Merited by JayJuanGee (1)
 #343

Even though it is possible for such things to happen, of course we must remember that when we are and want to sell, it is clearly still very permissible. It's just that we must know that the conditions for selling must clearly be more than what we bought before. I will still emphasize like that because indeed our goal to invest is certainly about profit and why sell when we are still losing and just throwing away what you have.
On the other hand, this is the importance of financial management isn't it? because of course we realize that Investment is only a small portion of the money we have or we set aside and that's what we should still emphasize because regardless of anything we still have to save unexpected funds as one of the conditions to minimize events that are not really expected. and when it happens even though we don't expect it, but we still have money that can be allocated to patch or minimize it so that we don't interfere with the investment we do, especially if it hasn't met the desired target.
So in order words you are saying that one should actually save money for the unexpected events that might occur in our life's so as to free us from tempering with our bitcoin investment or any other investment? Well I think thats not a bad idea but I don't think anyone actually save for the unexpected or Atleast my savings is actually for such purpose because money spent to tackle my problem is actually welcome for me as a money well spent because the problems are bound to come but it will be worse if there is actually no funds to handle it or lead to you borrowing from others.
Of course, such things must be in the plan because regardless of anything we will not know what the future holds for us so in this case of course there must be some that we need to think about further.
Money management is not only about how we live with our finances well and save or invest because life is not that simple. Unexpected events can still happen regardless of anything.
We will not know how our health conditions are, we will not know what will happen to the infrastructure we have such as a car or house that could have to be repaired or maybe on the other hand our family has a sudden desire to go traveling, of course things like this are included in the condition of unexpected needs.
So in this case, as people who really want good financial management, we obviously have to prepare it from the beginning so that when it is not used at the end of the month, for example, we can set aside again what we do from other plans such as for savings or maybe investment.

When something like this is not done from the start and only prioritizes investment, indirectly, although I do not prohibit this, in my opinion it is wrong because when unexpected needs arise, we will be confused about where the money comes from to handle it, which makes the initial plan clearly disrupted.

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May 25, 2023, 05:40:48 PM
Merited by JayJuanGee (1)
 #344

I suppose hodling is the best option if you have BTC. About 6 years ago I withdrew some money, I consider it as a mistake, since later it rose significantly. And now there is one more reason to hodl: the chance to save money in case of dollar (or other fiat) inflation. I don't know if BTC is going to be stable during inflation, but there is such possibility.

Hodling to what end though? You need to figure out what actually are your long term aims and what are you trying to achieve from investing in crypto. Without setting clear goals, you're more likely to make rushed, emotional decisions. For some the goal could be a new car, for others - buying a house for cash, and others will aim into retiring early or just passing their stash to their children. The more realistic the goal is, the more likely it is to be achieved, but holding without any purpose bears the risk of either dying before seeing any benefits or panic-selling when things temporarily go bad.

You cashed in some BTC and now consider that a mistake only because now you know that the price went up. But you didn't know it then, so if selling BTC helped you achieve some life goal, there's nothing to regret.

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May 25, 2023, 06:31:07 PM
 #345

What shall it profit us to regret about not investing in bitcoin due to one reason or the other. In life there is what could be regarded as missed opportunity and that means it is a lesson for readiness incase another opportunity will present itself. Many people have criticized themselves for not being early adopters of bitcoin, they believe that those who bought in then are the only ones that have made profit in bitcoin but they simply didn't understand the bitcoin technology, bear/bull and the investment potential of bitcoin.
It’s not worth regretting, it won’t change anything, but we need to remember past mistakes, because that’s how we get those important lessons that will help us do something better in the future, what we did badly in the past. Consistency is also a very important character trait, there are those who are trying to achieve great results in a short period of time, it is often very difficult to do this and it seems impossible, but if you are consistent in achieving your goal, then over time you will definitely achieve it.

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May 25, 2023, 07:10:18 PM
 #346

Based on all experienced sharing here many people talk about their good news and less want to share bad side after know bitcoin, actually my life better after know with bitcoin but could be quit well if not invested with bitcoin on all time high price. I want to share with my bad experience after earn much profit from investing in Bitcoin, I tried reinvesting when bitcoin still on higher price, right now have bad moment for cut loss have loss more than 50% of my assets because invested on higher price. But keep trust with Bitcoin will back to higher price and one day later have chance for sharing good experienced after investing in bitcoin.

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May 25, 2023, 08:33:49 PM
Merited by JayJuanGee (1)
 #347

Even though it is possible for such things to happen, of course we must remember that when we are and want to sell, it is clearly still very permissible. It's just that we must know that the conditions for selling must clearly be more than what we bought before. I will still emphasize like that because indeed our goal to invest is certainly about profit and why sell when we are still losing and just throwing away what you have.
On the other hand, this is the importance of financial management isn't it? because of course we realize that Investment is only a small portion of the money we have or we set aside and that's what we should still emphasize because regardless of anything we still have to save unexpected funds as one of the conditions to minimize events that are not really expected. and when it happens even though we don't expect it, but we still have money that can be allocated to patch or minimize it so that we don't interfere with the investment we do, especially if it hasn't met the desired target.
So in order words you are saying that one should actually save money for the unexpected events that might occur in our life's so as to free us from tempering with our bitcoin investment or any other investment? Well I think thats not a bad idea but I don't think anyone actually save for the unexpected or Atleast my savings is actually for such purpose because money spent to tackle my problem is actually welcome for me as a money well spent because the problems are bound to come but it will be worse if there is actually no funds to handle it or lead to you borrowing from others.
Of course, such things must be in the plan because regardless of anything we will not know what the future holds for us so in this case of course there must be some that we need to think about further.
Money management is not only about how we live with our finances well and save or invest because life is not that simple. Unexpected events can still happen regardless of anything.
We will not know how our health conditions are, we will not know what will happen to the infrastructure we have such as a car or house that could have to be repaired or maybe on the other hand our family has a sudden desire to go traveling, of course things like this are included in the condition of unexpected needs.
So in this case, as people who really want good financial management, we obviously have to prepare it from the beginning so that when it is not used at the end of the month, for example, we can set aside again what we do from other plans such as for savings or maybe investment.

When something like this is not done from the start and only prioritizes investment, indirectly, although I do not prohibit this, in my opinion it is wrong because when unexpected needs arise, we will be confused about where the money comes from to handle it, which makes the initial plan clearly disrupted.
We dont actually know on what the future holds but doing something which it would really be that something good or does have that potential is something better rather than on making yourself doing nothing.

We are the ones who do make our own fate on which whether we do just simply sit still and wait on whats coming or would really be doing something and preparing for the upcoming and made out some investment
on which you do know that it could potentially give out that kind of opportunity on earning more.? Then it would really be something that a sensible thing to be done by someone.
Speaking about 10 years from now on Bitcoin or crypto space doesnt really make out an assurance that you would succeed. It would all very on what are the things that you had done in the past.
If you havent done any investment then you would really be still remaining on what you are on that time but if you do have done the opposite then for sure you had seen some progress.
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May 25, 2023, 09:45:12 PM
 #348

Hmm, I have not spent 10 years in the market yet even not half of it but close to half. I think life is gonna be awesome in the coming time with Bitcoin because already the progress I am making, I am happy with it Alhamdullilah. I am focusing on the acclimation process to fill the bags to build up a good portfolio after that if we fast forward the time 10 years I think there will be a lot of success stories and lessons to tell everyone. I am excited to see how it goes if I live that long InshAllah I will surely try to quote this post and post it. Saving the link  Cheesy. I think the only words I will say when 10 are going to be passed will be Alhamdulillah. Let's hope for the best.

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May 25, 2023, 10:41:41 PM
 #349


So in order words you are saying that one should actually save money for the unexpected events that might occur in our life's so as to free us from tempering with our bitcoin investment or any other investment? Well I think thats not a bad idea but I don't think anyone actually save for the unexpected or Atleast my savings is actually for such purpose because money spent to tackle my problem is actually welcome for me as a money well spent because the problems are bound to come but it will be worse if there is actually no funds to handle it or lead to you borrowing from others.

it should be like this, saving to cover unexpected things in the future, so that there are no debts when they need funds, but in this case people are often negligent because they oversimplify financial problems hoping that a loan will come when they need it

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May 25, 2023, 11:28:27 PM
 #350

The Bitcoin community is definitely worse today than it was 10 years ago, so many people that were against crypto back then are now using crypto to scam.
I think most scams come from altcoins, not Bitcoin. So, you cannot judge Bitcoin community to be worse because of many scams lately. You must check again where the scams come from and why it appears. And you must understand that scams already appeared many years ago, they don't just appear recently.

For me, Bitcoin community should be better today since we already have more people involved. We also must realize that we already have varied Bitcoin communities after more people trust Bitcoin. Anyway, you must view the positive side of Bitcoin improvement, too. Bitcoin isn't always related to scams, Bitcoin is used for many purposes. People even use Bitcoin for donations now, it helps a lot the social or humanitarian issues.


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May 26, 2023, 10:45:35 AM
 #351

The Bitcoin community is definitely worse today than it was 10 years ago, so many people that were against crypto back then are now using crypto to scam.
I think most scams come from altcoins, not Bitcoin. So, you cannot judge Bitcoin community to be worse because of many scams lately. You must check again where the scams come from and why it appears. And you must understand that scams already appeared many years ago, they don't just appear recently.

For me, Bitcoin community should be better today since we already have more people involved. We also must realize that we already have varied Bitcoin communities after more people trust Bitcoin. Anyway, you must view the positive side of Bitcoin improvement, too. Bitcoin isn't always related to scams, Bitcoin is used for many purposes. People even use Bitcoin for donations now, it helps a lot the social or humanitarian issues.



You are saying most scams come from altcoins; you actually need to be specific on which kind of scam you are referring to. If you are talking about scams in which crypto currencies are used as means of payment for all sorts of illegal activities, then it's not just altcoins; in fact, Bitcoin is one of the most widely accepted and recognized digital currencies. In this kind of scam, they claim to blame Bitcoin for it, but it's not actually Bitcoin; it's the people who are using Bitcoin to make payments that should be held responsible for those scams. With or without Bitcoin, they can and will always perform their illegal transaction with other means of payment.

Altcoins are also mostly used for scam payment, but where I see Altcoin in a major scam is the fact that they produce bunches of Altcoins all the time with a fake promise to deliver, which never happens. All they want is to attract victims, sell their tokens to them, and pull off the scam with the funds. But using any crypto to make payment is something we should also consider; such payment can also be made with physical cash, gift cards, and every other means of payment that can be carried out to execute a transaction.

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May 26, 2023, 01:22:22 PM
 #352

Many people may have different opinions about the price of Bitcoin because the price of Bitcoin fluctuates.  I earned a lot of bitcoins from 2017 to 2023.From my experience I can say that if one holds Bitcoin for long period of time he will surely become rich one day.  We know what the price of Bitcoin was in 2008 and how it is now until 2023.In 2008 and 2012 when the price of Bitcoin was low, those who held Bitcoin made large profits and became very rich.  So it is easy to understand that holding Bitcoin for 10 years surely can change anyone's life.  I have more confidence in bitcoin than other coins.

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May 26, 2023, 01:47:50 PM
 #353

The Bitcoin community is definitely worse today than it was 10 years ago, so many people that were against crypto back then are now using crypto to scam.
I think most scams come from altcoins, not Bitcoin. So, you cannot judge Bitcoin community to be worse because of many scams lately. You must check again where the scams come from and why it appears. And you must understand that scams already appeared many years ago, they don't just appear recently.

For me, Bitcoin community should be better today since we already have more people involved. We also must realize that we already have varied Bitcoin communities after more people trust Bitcoin. Anyway, you must view the positive side of Bitcoin improvement, too. Bitcoin isn't always related to scams, Bitcoin is used for many purposes. People even use Bitcoin for donations now, it helps a lot the social or humanitarian issues.



You are saying most scams come from altcoins; you actually need to be specific on which kind of scam you are referring to. If you are talking about scams in which crypto currencies are used as means of payment for all sorts of illegal activities, then it's not just altcoins; in fact, Bitcoin is one of the most widely accepted and recognized digital currencies. In this kind of scam, they claim to blame Bitcoin for it, but it's not actually Bitcoin; it's the people who are using Bitcoin to make payments that should be held responsible for those scams. With or without Bitcoin, they can and will always perform their illegal transaction with other means of payment.

Altcoins are also mostly used for scam payment, but where I see Altcoin in a major scam is the fact that they produce bunches of Altcoins all the time with a fake promise to deliver, which never happens. All they want is to attract victims, sell their tokens to them, and pull off the scam with the funds. But using any crypto to make payment is something we should also consider; such payment can also be made with physical cash, gift cards, and every other means of payment that can be carried out to execute a transaction.

Bad people just used bitcoin as their payment method, or others will say that they trade bitcoin and they are earning bitcoin, but again, this is like any fiat money as it is also involved with illegal activities. It is not the currency or bitcoin that is bad; it is the intention of the people on how they can amass money on other people, and they just used it to pretend that it is legit. People these days are really doing anything just to scam people. Also in altcoins, it is used by other developers to scam people because they can easily hype it as well as develop a coin that those who are new to the industry get baited into.
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May 26, 2023, 03:30:31 PM
 #354

Hmm, I have not spent 10 years in the market yet even not half of it but close to half. I think life is gonna be awesome in the coming time with Bitcoin because already the progress I am making, I am happy with it Alhamdullilah. I am focusing on the acclimation process to fill the bags to build up a good portfolio after that if we fast forward the time 10 years I think there will be a lot of success stories and lessons to tell everyone. I am excited to see how it goes if I live that long InshAllah I will surely try to quote this post and post it. Saving the link  Cheesy. I think the only words I will say when 10 are going to be passed will be Alhamdulillah. Let's hope for the best.

Of course, if you have already gotten through half of a 10 year measuring period, then you have some pretty good ideas regarding how aggressive and assertive that you had been in terms of your BTC accumulation and/or your ability to manage your BTC holdings and the extent to which you might not have gotten reckt, so far.

You can look at various aspects of your own personal details, and you can plot out various specifics regarding your cashflow management, and generally what you might have been buying with that - and perhaps specifically focusing on bitcoin as compared with any other investments that you had, and also you might be able to see how much spare cash that you had along the way and if you might have had various cash crunches along the way, and attempt to figure out how you dealt with them and how that might inform how you might tweak your going forward strategy.

You can also look at a kind of standard budget, such as a regular and ongoing DCA strategy and then compare your own performance towards that strategy... did you do better, worse or about the same?

If you had been investing $100 per week into bitcoin for about the past 5 years, you would have invested right around $26,100 and you would have about 2.313 bitcoin, so you would be well over double the value of the amount that you had invested, and you don't necessarily need to take those exact numbers, but you can still see how much you invested versus how many bitcoin that you currently have in order to see if you would have had better performance to stick with a more strict DCA approach.

Surely one of the things that might be off about looking at a flat amount invested may well be that you could have had done various lump sum investments along the way and you also could have had various changes in your DCA amount based on your cashflow and your expenses, but still you can see what a flat rate of BTC accumulation would have had accomplished in that 5-year period of time... which is decently above doubling the value of the amount that you might have had put in under a strict and steady DCA approach.

Many people may have different opinions about the price of Bitcoin because the price of Bitcoin fluctuates.  I earned a lot of bitcoins from 2017 to 2023.From my experience I can say that if one holds Bitcoin for long period of time he will surely become rich one day.  We know what the price of Bitcoin was in 2008 and how it is now until 2023.In 2008 and 2012 when the price of Bitcoin was low, those who held Bitcoin made large profits and became very rich.  So it is easy to understand that holding Bitcoin for 10 years surely can change anyone's life.  I have more confidence in bitcoin than other coins.

As you likely realize prior to 2012/2013, it was not really very easy to get bitcoin, so it might not even be fair to consider that it would have been very likely for many people to have had gotten into bitcoin prior to that time.. and probably more realistic to use 2012 or 2013 or even a later time as a potential starting date (in terms of getting into bitcoin).

Sure there were some techies who were able to get into bitcoin prior to 2012 and still be able to figure out how to hold onto the BTC that they had gotten (or accumulated).. but still seems a bit unrealistic to be using those kinds of dates.. and surely, even this thread was begun in late 2020.. and surely it is not even very realistic for any of us to be comparing ourselves to someone who might have had figured out how to get into bitcoin in late 2010 in order to actually have had 10 years in bitcoin by the time of this thread started.

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 26, 2023, 05:08:51 PM
 #355

The Bitcoin community is definitely worse today than it was 10 years ago, so many people that were against crypto back then are now using crypto to scam.

Your assessment is very wrong in my opinion, because those who have been against crypto ten years ago does not mean they don't like crypto. But some of those who oppose it are those who still don't understand what crypto is, so they immediately make the decision to oppose it, even after they learn more about it. I'm sure some people who have been against crypto in the past are using crypto now and it really is regardless of what they use it for, because I don't think those who have been against crypto in the past would be using crypto to fool more people in the future This.

That's a pretty sadistic assessment in my opinion because not everyone nowadays uses crypto to deceive more people and if you've ever been scammed by someone else through crypto, I think you're just wrong in trusting people. It's not that the crypto isn't good and you also can't say the Bitcoin community is much worse for now, because Bitcoin is always growing better until now.
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May 26, 2023, 08:06:16 PM
Merited by JayJuanGee (1)
 #356

Of course, such things must be in the plan because regardless of anything we will not know what the future holds for us so in this case of course there must be some that we need to think about further.
Money management is not only about how we live with our finances well and save or invest because life is not that simple. Unexpected events can still happen regardless of anything.
We will not know how our health conditions are, we will not know what will happen to the infrastructure we have such as a car or house that could have to be repaired or maybe on the other hand our family has a sudden desire to go traveling, of course things like this are included in the condition of unexpected needs.
So in this case, as people who really want good financial management, we obviously have to prepare it from the beginning so that when it is not used at the end of the month, for example, we can set aside again what we do from other plans such as for savings or maybe investment.

When something like this is not done from the start and only prioritizes investment, indirectly, although I do not prohibit this, in my opinion it is wrong because when unexpected needs arise, we will be confused about where the money comes from to handle it, which makes the initial plan clearly disrupted.
We dont actually know on what the future holds but doing something which it would really be that something good or does have that potential is something better rather than on making yourself doing nothing.
Here's the point. We cannot just sit idly by and surrender to the conditions in life which are actually quite scary to go through, so this requires careful preparation to be able to survive there and with conditions like these, action to change oneself in a better direction is clearly very necessary and one of the the way to make this happen is to plan from the start what we want in the future because even though we don't know what the future will be like, at least with good planning we can determine what our own future

Quote
We are the ones who do make our own fate on which whether we do just simply sit still and wait on whats coming or would really be doing something and preparing for the upcoming and made out some investment
on which you do know that it could potentially give out that kind of opportunity on earning more.? Then it would really be something that a sensible thing to be done by someone.
Speaking about 10 years from now on Bitcoin or crypto space doesnt really make out an assurance that you would succeed. It would all very on what are the things that you had done in the past.
If you havent done any investment then you would really be still remaining on what you are on that time but if you do have done the opposite then for sure you had seen some progress.
Agree with this because moving and doing things in a more positive direction, of course it would be better than just being silent and doing nothing because this is tantamount to surrendering to existing circumstances. whatever there.
Even though there really isn't a guarantee that can really be confirmed in bitcoin, by looking at the progress of the current bitcoin potential, of course it's much more interesting than just doing nothing. I prefer to try things like this because it is my belief that this will lead to something good for me in the future. there is no definite guarantee that it is a risk that must be taken because regardless of any form of action there will definitely be a risk and we must go through that risk if we really have confidence in bitcoin.

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May 26, 2023, 08:16:22 PM
Merited by JayJuanGee (1)
 #357

Many people may have different opinions about the price of Bitcoin because the price of Bitcoin fluctuates.  I earned a lot of bitcoins from 2017 to 2023.From my experience I can say that if one holds Bitcoin for long period of time he will surely become rich one day.  We know what the price of Bitcoin was in 2008 and how it is now until 2023.In 2008 and 2012 when the price of Bitcoin was low, those who held Bitcoin made large profits and became very rich.  So it is easy to understand that holding Bitcoin for 10 years surely can change anyone's life.  I have more confidence in bitcoin than other coins.
Bitcoin was launched in 2009, and even at that time, there was no value attached to bitcoin, those who owned it were mostly sending it to one another for fun mostly, bitcoin began to have a value after the 10,000 bitcoin for 2 pizza transaction happened..

So I am wondering where or how you got the information that there was a price tag on bitcoin in 2008 when it was actually launched in 2009..

Anyways, don't compare old times to now, those who are buying bitcoin right now can only become richer, cus they are already rich, think about it, it takes a rich man to afford 1 whole bitcoin at the moment, and owning 1 whole bitcoin or even more bitcoins is how the rich can become richer, for those who are poor and wanna make millions of dollars holding 0.01 bitcoin, sorry, but might have to wait a very very long time, if at all its possible to make a million dollar through holding 0.01 bitcoin.

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May 26, 2023, 08:16:58 PM
Merited by JayJuanGee (1)
 #358

Many people may have different opinions about the price of Bitcoin because the price of Bitcoin fluctuates.  I earned a lot of bitcoins from 2017 to 2023.From my experience I can say that if one holds Bitcoin for long period of time he will surely become rich one day.  We know what the price of Bitcoin was in 2008 and how it is now until 2023.In 2008 and 2012 when the price of Bitcoin was low, those who held Bitcoin made large profits and became very rich.  So it is easy to understand that holding Bitcoin for 10 years surely can change anyone's life.  I have more confidence in bitcoin than other coins.
Regardless of everyone's opinion I don't think we live off of it. Even though listening to people's opinions can also be quite important for us, of course we also have to focus on what goals we want to achieve.
I personally don't want to drag on with other people's opinions about bitcoin whether it's said to be good or bad, actually I don't really care about that. because i only have one fact that i feel, when i decided to be in bitcoin and feel the benefits of them in the previous few years that i can feel until now then that was enough for me to explain to myself that this is the right path for me skip.
I'm only focused on taking advantage of the momentum for now with the condition of buying below and sometimes doing DCA because I see this as reinvesting for me so I can produce again in the future. indeed this is risky but when I know what their progress is like it's not a big problem for me apart from other people's opinions I don't really care about that.

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May 26, 2023, 08:49:08 PM
Merited by JayJuanGee (1)
 #359

Regardless of everyone's opinion I don't think we live off of it. Even though listening to people's opinions can also be quite important for us, of course we also have to focus on what goals we want to achieve.
I personally don't want to drag on with other people's opinions about bitcoin whether it's said to be good or bad, actually I don't really care about that. because i only have one fact that i feel, when i decided to be in bitcoin and feel the benefits of them in the previous few years that i can feel until now then that was enough for me to explain to myself that this is the right path for me skip.
I'm only focused on taking advantage of the momentum for now with the condition of buying below and sometimes doing DCA because I see this as reinvesting for me so I can produce again in the future. indeed this is risky but when I know what their progress is like it's not a big problem for me apart from other people's opinions I don't really care about that.
Yes, apart from that I agree with what you are doing, I mean implementing the DCA strategy in the investment pattern in bitcoin. Because we know that bitcoin will go up and up in the coming years and we will achieve many big dreams in the future, therefore I really agree to buy and hold in the long term.

Therefore there are many wild opinions that are very useful in growing confidence to achieve everything we dream of in achieving success in investing in bitcoin and I admit that 10 years ago was a very beautiful thing to remember and those who became millionaires from the moment it will be a big motivation for us to achieve it.

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May 27, 2023, 04:36:44 PM
Merited by Paashaas (1)
 #360

The Bitcoin community is definitely worse today than it was 10 years ago, so many people that were against crypto back then are now using crypto to scam.
Your assessment is very wrong in my opinion, because those who have been against crypto ten years ago does not mean they don't like crypto. But some of those who oppose it are those who still don't understand what crypto is, so they immediately make the decision to oppose it, even after they learn more about it. I'm sure some people who have been against crypto in the past are using crypto now and it really is regardless of what they use it for, because I don't think those who have been against crypto in the past would be using crypto to fool more people in the future This.

That's a pretty sadistic assessment in my opinion because not everyone nowadays uses crypto to deceive more people and if you've ever been scammed by someone else through crypto, I think you're just wrong in trusting people. It's not that the crypto isn't good and you also can't say the Bitcoin community is much worse for now, because Bitcoin is always growing better until now.

Holy shit!  Why use the word crypto so much?  Are you talking about bitcoin or not?

I think that the word crypto should be avoided, unless you specify what you mean by it.. and surely there were not very many coins around 10 years ago, so most likely when we are talking about "people being against crypto 10 years ago," then it seems that we would be talking about bitcoin...

I know that there were some other coins 10 years ago, but let's try to make it clear what we are talking about.. bitcoin or something else or something related to bitcoin..   This thread happens to be about bitcoin, and it is in the bitcoin discussion section too.. so if there is reference to "crypto", but really the intent to talk about bitcoin, then why not just use the word bitcoin..  If you are referring to something other than bitcoin, then specify what you mean, because vague references to "crypto" can cause a lot of confusion regarding what you are talking about.

Anyways, don't compare old times to now, those who are buying bitcoin right now can only become richer, cus they are already rich, think about it, it takes a rich man to afford 1 whole bitcoin at the moment, and owning 1 whole bitcoin or even more bitcoins is how the rich can become richer, for those who are poor and wanna make millions of dollars holding 0.01 bitcoin, sorry, but might have to wait a very very long time, if at all its possible to make a million dollar through holding 0.01 bitcoin.

I agree with most of what you had said in the post linked above, except some of your phraseology in this above cited section has some strange and/or discordant implications.

Maybe I am mostly bothered by your suggestion that there is a need to already be rich in order to become rich from bitcoin, and even though surely there are no guarantees in bitcoin, it seems to be far from true that any of us need to already be rich (or even new coiners or no coiners need to already be rich) in order to become rich from bitcoin. 

Bitcoin seems to be amongst the best (if not the best) of investments (and asymmetric bets to the upside) that is available to almost anyone who is willing to put some efforts into acquiring some of it and securing it.

Whether we seek to go from non-millionaire status and into millionaire status may well be an additional question that is a matter of degree, but still should not necessarily motivate normies to feel as if they have to think in terms of having to become a millionaire when the fact of the matter is likely that bitcoin has decently good chances of improving the financial/psychological well-being of a lot of normies, no matter their investment level, so long as they figure out ways to tailor their BTC investment (accumulation/maintenance) in such a way that is suitable to their own circumstances while hopefully continuing to attempt to learn along the journey of accumulating BTC and maintaining a BTC stash.

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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