Your Life After 10 years in Bitcoin...

[Fivestar4everMVP]

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.

Well, you are very correct sir, and I appreciate your time in making a detailed oriented comment.

Maybe I wasn't lenient, or should I rather use the word "patient" enough to explain in detail, where my comment you quoted is driving to..
It is never a way of discouraging normies not to invest in bitcoin, though I understand the comment could be easily understood as such due to lack of details..

What I actually meant was that, though bitcoin is available for everyone to buy, either as an investment for the future, or for trading for short term profit, what ever the purpose be, bitcoin no longer possess the ability to make normies super rich over night like it did to those who bought it in its early days.
Majority of normies today, coming into crypto with a mindset like "investing in crypto currencies is an automatic ticket to over night riches", and this is mostly why we see most normies, buying bitcoin after learning about it, hold it for few months, and the loose patience and dump it and then go for some random shit coins.

My comment was a way to tell them that, anybody buying bitcoin at this moment should not be expecting to becoming rich over night, except you are already rich and can afford to buy up to 1 bitcoin or more at the spot - which means the individual is already rich, but only looking to become richer.
. For the normies who are investing in bitcoin for the sole purpose of changing their financial status from poor to rich, achieving that with Bitcoin now takes strategies..

 - Accumulation - which means you don't have to buy 1 whole bitcoin at the spot, but can accumulate it over time - is one of those strategies.
 - Patience - which means to endure several challenges, temptations, what seems to you like reason you might want to dump bitcoin for some random shit coin - is another important strategy..

Even though bitcoin can no longer make people change their financial status from "being poor" to "becoming rich" over night, or in a matter of months, it is still the best and most profitable asset anyone or body, can invest in, I am not rich, but I have an investment portfolio which bitcoin takes more than 70 percent of my entire portfolio.

[Dr.Bitcoin_Strange]

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.

Many people have not realized it yet; they have not even seen any opportunity in Bitcoin for the next 10 years. But I think those who have been into Bitcoin for over 10 years now would illuminate the plebs better on what is likely to happen in another 10 years to come. It might not really be as we speculate it to be because nobody can accurately predict the future, but as the year passes by, that's how new technology keeps evolving; even current technology keeps getting better, and that's how Bitcoin has also been waxing strong for about 14 years now, and it's just 14, although 14 years is not common, but I know we're still going to celebrate Bitcoin's 50th birthday. So, if one buys now, there is still more hope beyond the 10 years we are even talking about. Perhaps some Bitcoiners wallet balances have not changed for about 5 to 10 years now, and I am not even certain when they wish to sell. Lastly, I have to say that there are still more upcoming millionaires in the Bitcoin space, just if they see the opportunity that Bitcoin is offering.

[Furious 7]

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.

There is no reference to really believe that there will be an increase for bitcoin but indeed in this case we only hope by looking at the probabilities that it is possible for that to happen but of course in this case nothing is certain whether it will actually happen or no, it's just that by looking at the progress that has actually occurred, such a belief still exists.

I personally like I said before, I don't really care about the wild opinions out there about bitcoin especially for some negative opinions because I don't really care about it because I still only believe in myself and the experiences I have here in the previous few years it was enough to convince myself as for the wild opinions that are out there whether they support it or not I don't really care although indeed I still see some opinions there just to see if there is anything less than my belief but it's only getting worse strengthen myself with the belief that I do.

[Litzki1990]

I have a long term plan with Bitcoin in the coming days. As part of a long-term plan I want to hold some amount of Bitcoin for a long time. Because I understand so much about the market that if I can buy some bitcoins at this time and invest for a long time then I believe I can get good profit from my investment. 

A person who bought only two pizzas with 10000 bitcoins, if he had a minimum understanding of the market, I believe he would never have made such a mistake. Hearing his story makes me think that maybe we are making a mistake by not investing in Bitcoin now that we will realize in a few years.  That's why I plan on investing in Bitcoin for the long term.

[Bd officer]

 
A person who bought only two pizzas with 10000 bitcoins, if he had a minimum understanding of the market, I believe he would never have made such a mistake.

Laszlo Hanycez bought 2 pizzas with 10000 bitcoins. He was the first to use Bitcoin in business. This is why Bitcoin is used in business all over the world today. Laszlo Hanycez bought his 2 pizzas Every year on May 22 Bitcoin Pizza Day is celebrated.
I have invested some amount of bitcoins. I will try to hold my investment for a long time. I think we will see a bull market very soon.

[Magic-Money]

Bitcoin is created as a digital assets, which as you said, Bitcoin holders, in early stage there life has been transform if them did not sell, base on the price movements of Bitcoin it has made first and second Big all time high, while many crypto investors are waiting something huge than before. Base on that many people predict Bitcoin to reach $100k per BTC, which is possible but no body can give exactly time it may happen.

[Sexylizzy2813]

With maximum respect to Bitcoin, 10 or even 50 years is a long time and Bitcoin could become the world reserve currency or next AOL that made a lot of people wealthy until it was unseated by better technology. Whenever a person predict cryptocurrencies it is very hard to imagine a future without those set of person.
When CNBN asked expert from a variety of field to describe their vision for the currencies 50yrs from now, their answers has been condensed and edited for clarity. HERE.

[Samlucky O]

What I actually meant was that, though bitcoin is available for everyone to buy, either as an investment for the future, or for trading for short term profit, what ever the purpose be, bitcoin no longer possess the ability to make normies super rich over night like it did to those who bought it in its early days.

I agree with you on this. Many people who jump into crypto currency today sees it as a get rich quick sceem. Lack of proper information is the cause of that. And when I see such people I always try to advice them on how to invest and hold. If probably they were not among the earlier people who became rich by Bitcoin as at 2017. They can still plan for stage two of it.

Majority of normies today, coming into crypto with a mindset like "investing in crypto currencies is an automatic ticket to over night riches", and this is mostly why we see most normies, buying bitcoin after learning about it, hold it for few months, and the loose patience and dump it and then go for some random shit coins.
My comment was a way to tell them that, anybody buying bitcoin at this moment should not be expecting to becoming rich over night, except you are already rich and can afford to buy up to 1 bitcoin or more at the spot - which means the individual is already rich, but only looking to become richer.
. For the normies who are investing in bitcoin for the sole purpose of changing their financial status from poor to rich, achieving that with Bitcoin now takes strategies..

 - I personally was a victim of that. I always hear about bitcoin, how bitcoin made people rich I always continue asking questions, what is Bitcoin? What is the function of bitcoin? Where can I get Bitcoin? How is Bitcoin been transacted? Nobody could tell me anything about it. Some haven't even heard of that name. Because I heard Bitcoin made people rich. I was so inquisitive to know. lattely 2021 I got the information and I studied alot and knew what is was, how it works, the value and how it wast transacted. I started regretting why didn't I get this information earlier. I bought my first Bitcoin and waited for some months but did not pop up. I swap if to another coin and waited for months No way. I bought many shitcoins hoping it will have same future as Bitcoin up till now. All turn to rugpull and disappear gradually till I see non. Here I come into conclusion that not all coin are coin. Now I have come into conclusion that Bitcoin is the best investment and I hope to accumulate more. Experience is the best teacher. I found myself here because I was willing and ready to know more about Bitcoin and I believe some day I will be among those that will be used as a topic.

[Negotiation]

After 10 years bitcoin will change everyone's life its value will increase several times compared to current price and long term investors will become more profitable. The price of bitcoin is very volatile its price changes every hour when it comes to investing in crypto bitcoin is the safest because it is less volatile than other cryptos. The next few years could see a huge growth in bitcoin if you want to start investing in crypto, you can do it with bitcoin but before investing, be sure about its risks but patience and an analytical approach will yield good returns. The crypto market has now become a raging wild west with unexpected elements coming into the market.

[fruktik]

Many people have not realized it yet; they have not even seen any opportunity in Bitcoin for the next 10 years. But I think those who have been into Bitcoin for over 10 years now would illuminate the plebs better on what is likely to happen in another 10 years to come. It might not really be as we speculate it to be because nobody can accurately predict the future, but as the year passes by, that's how new technology keeps evolving; even current technology keeps getting better, and that's how Bitcoin has also been waxing strong for about 14 years now, and it's just 14, although 14 years is not common, but I know we're still going to celebrate Bitcoin's 50th birthday. So, if one buys now, there is still more hope beyond the 10 years we are even talking about. Perhaps some Bitcoiners wallet balances have not changed for about 5 to 10 years now, and I am not even certain when they wish to sell. Lastly, I have to say that there are still more upcoming millionaires in the Bitcoin space, just if they see the opportunity that Bitcoin is offering.

Wow, those are plans for the future. Do you really dream of celebrating 50 years of Bitcoin? If so, then I congratulate you. I probably won't make it to this point, but I'll try. ))
Naturally, crypto is constantly evolving just like technology. I have confidence that after some time something else will come to replace it. All these innovations in terms of technology development have been too dynamic in recent years. I wouldn't bet on cryptocurrencies alone.

[Strongkored]

After 10 years bitcoin will change everyone's life its value will increase several times compared to current price and long term investors will become more profitable. The price of bitcoin is very volatile its price changes every hour when it comes to investing in crypto bitcoin is the safest because it is less volatile than other cryptos. The next few years could see a huge growth in bitcoin if you want to start investing in crypto, you can do it with bitcoin but before investing, be sure about its risks but patience and an analytical approach will yield good returns. The crypto market has now become a raging wild west with unexpected elements coming into the market.

Discussing the price, it seems there is no doubt that Bitcoin will provide profits to its holders who have the patience to hold for a long period, but what about other developments because this is of course also an important one in Bitcoin, and we know what makes Bitcoin survive and be in demand Many people, even though it is only an investment tool, are developing it and the Bitcoin community continues to work together in this development. Becoming a more massive means of payment is highly expected to happen in the future and I think when that can be realized slowly on the exchange prices will no longer be volatile because more people use it for transactions rather than trading on the exchange, so nothing unexpected will happen anymore.

[SmartGold01]

Becoming a more massive means of payment is highly expected to happen in the future and I think when that can be realized slowly on the exchange prices will no longer be volatile because more people use it for transactions rather than trading on the exchange, so nothing unexpected will happen anymore.

You are absolutely correct but lemme draw your attention on something very important, have you also forgotten that there are lots of options for brokers that have added bitcoin to their platform for trading?
I think bitcoin is widely used for trading and funding as well, for bitcoin to remain less volatile is something unimaginable because that is the reason for its growth and people making profits from it.

Yes we can expect more development from it but, there may not be less volatility because of it widely usage and thus would still draw more volatility and more riskeir for investment. Have you think of the circulation as well? All these also attributes to the rate at which the volatility level can't be controlled or reduced.

[JayJuanGee]

After 10 years bitcoin will change everyone's life its value will increase several times compared to current price and long term investors will become more profitable. The price of bitcoin is very volatile its price changes every hour when it comes to investing in crypto bitcoin is the safest because it is less volatile than other cryptos. The next few years could see a huge growth in bitcoin if you want to start investing in crypto, you can do it with bitcoin but before investing, be sure about its risks but patience and an analytical approach will yield good returns. The crypto market has now become a raging wild west with unexpected elements coming into the market.

You seem to be on the edge of making some decent points negotiation, but it is a bit unclear what you are talking about with the ways that you are throwing around the term crypto and crypto markets, which causes me to conclude that you are either a bit confused regarding what you are talking about or perhaps you know what you are talking about but you are allowing the term crypto to foggy your presentation of that information. 

Of course, many folks should appreciate that bitcoin is first and bitcoin is the best way to get started and/or to prioritize trying to figure out the state of where to invest time, money and resources.. that might even include how to research, so if you might end up believing that to be the case, then why do you frame that in terms of trying to analyze what might be happening in "crypto."  Do you believe that you understand bitcoin better when you study more about what is going on in bitcoin adjacent spaces?  How about really focusing directly on bitcoin first, and maybe spending 100 hours or better yet 1,000 hours focusing on various aspects of bitcoin before even trying to understand various shitcoins or bitcoin adjacent space.

By the way, I would agree with any assertion (or defense of your position) that might proclaim that it sometimes can be quite difficult to know how far to delve beyond bitcoin during those first 100 to 1,000 hours of studying the space, and so I don't have any kind of road map for that because almost no matter what when we study into bitcoin, we are going to have some touching upon some shitcoin information - but there are places that proclaim to be bitcoin ONLY that are good starting points so that they would contextualize any shitcoin context in terms of bitcoin. 

Maybe at least starting with some things like

swanbitcoin - they have a lot of great articles

and/or

Michael Saylor's information is going to give you some good starting points..

There is a 12 hour course that is called bitcoin for everyone, but he also has several free courses within the Saylor academy that touch upon bitcoin as a topic and/or links that he has on Hope.com to various bitcoin-related discussions that he has been - but also other bitcoin educational material there.

and you could spend way more than 100 to 1,000 hours just studying various parts of those materials.

Now, if you tell me that you already know those kinds of bitcoin related topics, then maybe its just a matter of fixing your language so that you are not making gobble-dee-gook suggestions related to crypto, whatever that might mean to you, it is not making a lot of sense to use that kind of language.

Your point on price had also been expressed strangely too.  We can look at the past 10 years of price performance and see great results, and if we know about bitcoin, then probably we can have some level of expectation that bitcoin is going to continue to be a good performer in the next 10 years, even for someone starting into bitcoin right now, yet at the same time, we likely need to be able to appreciate that bitcoin's past performance does not guarantee future results.

Many people have not realized it yet; they have not even seen any opportunity in Bitcoin for the next 10 years. But I think those who have been into Bitcoin for over 10 years now would illuminate the plebs better on what is likely to happen in another 10 years to come. It might not really be as we speculate it to be because nobody can accurately predict the future, but as the year passes by, that's how new technology keeps evolving; even current technology keeps getting better, and that's how Bitcoin has also been waxing strong for about 14 years now, and it's just 14, although 14 years is not common, but I know we're still going to celebrate Bitcoin's 50th birthday. So, if one buys now, there is still more hope beyond the 10 years we are even talking about. Perhaps some Bitcoiners wallet balances have not changed for about 5 to 10 years now, and I am not even certain when they wish to sell. Lastly, I have to say that there are still more upcoming millionaires in the Bitcoin space, just if they see the opportunity that Bitcoin is offering.

Wow, those are plans for the future. Do you really dream of celebrating 50 years of Bitcoin? If so, then I congratulate you. I probably won't make it to this point, but I'll try. ))
Naturally, crypto is constantly evolving just like technology. I have confidence that after some time something else will come to replace it. All these innovations in terms of technology development have been too dynamic in recent years. I wouldn't bet on cryptocurrencies alone.

You seem lost, fruktik.  Perhaps you should also look at studying into bitcoin a bit better and look at my above-linked places as possibly good places to spend some time learning about bitcoin before spouting off vague comments about potential bitcoin replacers, and even if true, bitcoin remains a good investment right now... just choose your starting position size, perhaps in the range of 1% to 25% and then study bitcoin for a while in order to refine where you are at in terms of what level you would like to make your initial investment.. and perhaps keeping on studying might be helpful too... bitcoin is not necessarily that easy of a thing to study, even for folks (including but not limited to yours truly) who have been paying attention to the bitcoin space for many years.

I doubt that Dr.Bitcoin_Strange is putting all of his investment into bitcoin (or as you lamely refer to it as "cryptocurrencies"), so you seem to be creating a strawman argument with that kind of an assertion.

[SmartGold01]

I doubt that Dr.Bitcoin_Strange is putting all of his investment into bitcoin (or as you lamely refer to it as "cryptocurrencies"), so you seem to be creating a strawman argument with that kind of an assertion.

There are some people who falls to understand the classification between bitcoin and cryptocurrency, some people classified bitcoin to be cryptocurrency. Cryptocurrency to me is a general name to all altcoin. But however, we shouldn't be that naive to classified bitcoin or belittle bitcoin to as ordinary altcoin.
Yes.. you are correct because when people became very vast in knowledge it would help to understand the whole concept of bitcoin before thoroughly wanting to venture into bitcoin but, however they had focused into the profit aspect while they had failed to gain knowledge involved which at their later end may not get the exact results which they needed. This could results in developing hatred for bitcoin because they aren't getting what they expected due to the lack of misinformation ( the tendency to be self educated and development), but nevertheless, if the knowledge are well acquired it would enable the investor to be well prepared about the risk associated with their investments.

We should understand something very important that, is very easy to invest in any currency but very hard to understand they whole concept and principles governing the investment, that's why lose is inevitable to experience along the line except such people had the mindset to hold for a longer period without considering how long it could cost him or her to make profits from their investment.

[JayJuanGee]

I doubt that Dr.Bitcoin_Strange is putting all of his investment into bitcoin (or as you lamely refer to it as "cryptocurrencies"), so you seem to be creating a strawman argument with that kind of an assertion.

There are some people who falls to understand the classification between bitcoin and cryptocurrency, some people classified bitcoin to be cryptocurrency. Cryptocurrency to me is a general name to all altcoin. But however, we shouldn't be that naive to classified bitcoin or belittle bitcoin to as ordinary altcoin.
Yes.. you are correct because when people became very vast in knowledge it would help to understand the whole concept of bitcoin before thoroughly wanting to venture into bitcoin

I am not saying that anyone should fully learn about bitcoin before investing into it, but I do think that they should spend 100-1,000 hours before they start to proclaim that they know about bitcoin, and before they employ the term crypto currency while presuming that they are talking about bitcoin.

but, however they had focused into the profit aspect while they had failed to gain knowledge involved which at their later end may not get the exact results which they needed.

I never said anything like that.  Almost always I tell people to get the fuck off zero and get started in bitcoin ASAP.  Of course, they have to figure out their position size and their budget, yet most people should have some kind of a ballpark idea if they can afford to spend $100 per week or $10 per week, and then to figure out the details as they go.

I am also not suggesting to act rashly, but there are so many people who do not know shit about bitcoin, even though they think that they know about bitcoin because they heard the name, but they still do not have hardly any clues, and so even if they don't know much about it, I would suggest getting started learning about bitcoin and investing into bitcoin and figure out the details later. .. including personal financial detail and continuing to study bitcoin.  In the end, each person is responsible for his/her own finances even if I am telling them to get the fuck off zero and get started right away.

This could results in developing hatred for bitcoin because they aren't getting what they expected due to the lack of misinformation ( the tendency to be self educated and development), but nevertheless, if the knowledge are well acquired it would enable the investor to be well prepared about the risk associated with their investments.

I think that you are taking the opposite from what I said, but yeah, people need to learn about bitcoin.. and to start right away, even if many times (likely even a vast majority of times) they think that they know about bitcoin, they likely do not know.

We should understand something very important that, is very easy to invest in any currency but very hard to understand they whole concept and principles governing the investment, that's why lose is inevitable to experience along the line except such people had the mindset to hold for a longer period without considering how long it could cost him or her to make profits from their investment.

I probably don't completely disagree with you here.  I would just reiterate that people need to be learning as they invest, and it can take a while to get your shit together in terms of your finances, but the fact that you have to get your shit together does not take away from the need to continue to learn... start out with basic personal financial management.. and work on improving incrementally and ongoingly... spend less than you make and try to figure out ways to increase your income and only use what is extra for investments, such as bitcoin.

[rachael9385]

I doubt that Dr.Bitcoin_Strange is putting all of his investment into bitcoin (or as you lamely refer to it as "cryptocurrencies"), so you seem to be creating a strawman argument with that kind of an assertion.

There are some people who falls to understand the classification between bitcoin and cryptocurrency, some people classified bitcoin to be cryptocurrency. Cryptocurrency to me is a general name to all altcoin. But however, we shouldn't be that naive to classified bitcoin or belittle bitcoin to as ordinary altcoin.
Yes.. you are correct because when people became very vast in knowledge it would help to understand the whole concept of bitcoin before thoroughly wanting to venture into bitcoin but, however they had focused into the profit aspect while they had failed to gain knowledge involved which at their later end may not get the exact results which they needed. This could results in developing hatred for bitcoin because they aren't getting what they expected due to the lack of misinformation ( the tendency to be self educated and development), but nevertheless, if the knowledge are well acquired it would enable the investor to be well prepared about the risk associated with their investments.

We should understand something very important that, is very easy to invest in any currency but very hard to understand they whole concept and principles governing the investment, that's why lose is inevitable to experience along the line except such people had the mindset to hold for a longer period without considering how long it could cost him or her to make profits from their investment.

Yes, you are absolutely correct @SmartGold01. If any person (investor) doesn't know about Bitcoin but sees altcoins as Bitcoin because they are all called crypto. That, that person isn't ready for crypto as a whole, the person might end up investing in the AiDogi coin thinking it is the best. This is the reason why it is good to do good research and know the leading coins to invest in.

Yes, like you said that it is very easy to invest in any crypto currency, but hard to understand it all. I agree with you very well, but I believe @superman184 doesn't understand Bitcoin at all. Well, it is good that he or she is on bitcointalk.org so that he can learn more about Bitcoin and crypto currencies as a whole.

If new investors are joining the Bitcoin game just because of profits, I think they should learn first before risking their money, because in investments anything can happen in some seconds.]

[KiaKia]

I've only been in Bitcoin space since 7 years ago and my life has never been the same, Bitcoin was a bigger part why I am here today and few other altcoins helped me too, for example Vulcan Forged, I don't think there is other better places I could have been than crypto right now, if you know what you are doing crypto can get you there sooner than any other investments in the world today.

To be honest I am not putting all my money into Bitcoin, I have other assets that I believe could bring me more money than Bitcoin, but it's safer to have Bitcoin because Bitcoin always starts the pump before every other altcoins, if you know what dominance is all about you should get this right.

[SmartGold01]

We should understand something very important that, is very easy to invest in any currency but very hard to understand they whole concept and principles governing the investment, that's why lose is inevitable to experience along the line except such people had the mindset to hold for a longer period without considering how long it could cost him or her to make profits from their investment.

I probably don't completely disagree with you here.  I would just reiterate that people need to be learning as they invest, and it can take a while to get your shit together in terms of your finances, but the fact that you have to get your shit together does not take away from the need to continue to learn... start out with basic personal financial management.. and work on improving incrementally and ongoingly... spend less than you make and try to figure out ways to increase your income and only use what is extra for investments, such as bitcoin.

You have a very big solid point, most times some people don't mind how much they spent irrespective of what is coming to their account at the end of the month or week as the case maybe but they always find themselves involving or being indebted to people around them at the cause of not reducing their outgoing cash. However, spending less also depends on individuals as I know or do I say believe to understand that some people regularly lived above their income (luxurious life) involving in forms of lifestyles.

Learning is one thing for sure that brings out the potentials in a woman be it a man, and should be able to get prepared for whatever that may be the results at their cost of investment. That is why taking advantage of investing on a valuable asset like bitcoin is a wise choice, maybe after investment if such person(s) are willing to learn along the line it would be a better of not even taking a bold step to venture into investment. But however, to relief stress and pressure from their investment increasing their source of income as you said is always the best option otherwise they may not hold for long, since they had no additional source of income.

[Woodie]

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.  

Thought history says few managed to hodl for such a long time ,and  if they did they needed to have access to their wallets if their private keys werent forgotten and buried , but for the few that bought a decent amount of coins and had their pvt keys these were declared instant crypto millionaire's a title many of us want to bare.

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.

Bitcoin has always been this unpredictable asset that many want but are afraid to have, and back in the day volatility was a big deal that couldn't be ignored,  but today prices are more stable such that those traits of panic selling or buying arent as common as back in the day, today btc is used more of a currency than a store of value.

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?

Tbh am not holding btc wholeheartedly as I use it as a currency especially that everything I do usually has a gateway for me to use my crypto for payments.

As of the 10 years reflection, well let's just say I have see the ugly side of a flourishing market crash and I have seen an asset that everyone said could not succeed and made it as the front page headline world over and still going strong to this day...and in the 10 years been able to make some good $$$ here and there but you know what they say, money is never enough and we need more so waiting on the ATH.

[Dickiy]

We should understand something very important that, is very easy to invest in any currency but very hard to understand they whole concept and principles governing the investment, that's why lose is inevitable to experience along the line except such people had the mindset to hold for a longer period without considering how long it could cost him or her to make profits from their investment.

I probably don't completely disagree with you here.  I would just reiterate that people need to be learning as they invest, and it can take a while to get your shit together in terms of your finances, but the fact that you have to get your shit together does not take away from the need to continue to learn... start out with basic personal financial management.. and work on improving incrementally and ongoingly... spend less than you make and try to figure out ways to increase your income and only use what is extra for investments, such as bitcoin.

Yes, and learning will always be a useful and beneficial thing wherever and for whatever field you want to excel in. Especially in this investment, there may be some other learning that some people think is easy to reach but I would not say that applies to investing in bitcoin. Honestly, in my personal experience learning something in investment is a very difficult and complicated thing, besides you have to learn some basic things there is not enough, you also have to continue to improve your understanding and knowledge. As we know bitcoin is very volatile and with that means we have to keep learning to follow the development of bitcoin itself. I see many of those who come only for profit but absolutely do not think about the many risks that are here, okay I understand a lot of other people and maybe the professionals get big profits here, and maybe you come also want to have the same fate as them. But that won't always be the case, big profits will always coexist with big risks too.

So honestly I agree with you, keep learning and we can start with basic money management, saving money is not a bad thing but everyone will say agree with that statement, don't buy something that you don't need because there is something more important for the future. So start saving from now on, it's better to save that money to invest in bitcoin than you use it for something that is not important. If you can consistently do it in the next ten years then you will get something significant from bitcoin, I say it's a bright future.