Your Life After 10 years in Bitcoin...

[Pingrapole]

I am brand new in Bitcoin I have started my journey for quite some time I will expand my plan in coming days because people who are working with Bitcoin are living much better in next 10 years.Later, I hope that my life system will improve, and I will have a big house, a car, money, wealth, and I will be able to do a lot of big things. This is my hope for the country and the society.Till now, I can't buy bitcoin because I can't afford it now but when I can afford it I will definitely buy it and I want to succeed and achieve my goals who have been working for the last 10 years.They are living a better life, many of them have almost fulfilled all their dreams, maybe they will do more. I also want to fulfill my dreams like them.I want to own one billion dollars within the next 10 years, that's my dream and I can dream I don't want to own so many properties in the coming days by choosing a wrong path, it's my dream if I can achieve it by working competently and if not Bitcoin will give me the beautiful way.I will make the way and take it
Finally those who have achieved in the last 10 years know best how they are of course good my plan is to try my best to fulfill all the dreams I see in my life and Stock it up and with my faith I will move forward to achieve success.Many people talk a lot about bitcoin is it a scam, so I don't have time to listen to them, I will paint my work with my faith and a dream I will do in the next ten years.

[naira]

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.

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.

Balancing is important, wild opinions from other points of view will be very useful if we are able to assess them wisely. However, some people will be selfish with their decisions in order to maintain their principles, and sometimes people like that are difficult to advise because they always feel they are right. At Bitcoin we can't deny wild opinions, negative news, and things that make the market red. Isn't this good for investment? If we only focus on one point and don't consider other points, it means there is no alternative path that can be taken if we experience confusion in the middle of the road. As a simple example, when you buy Bitcoin the option is to use P2P or a centralized exchange (2 options) in life there will always be 2 options. Well, the wild assumptions and negative assumptions that exist in the market make Bitcoin unique, so we can get to the point where Bitcoin is this high because of the creation of 2 assumptions out there (negative and positive or pros and cons). Balance was created to provide choices, not to keep us on one track.

[GigaBit]

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.

In the future, there is no harm in imagining Bitcoin as a world reserve currency. But some people don't want to see it at that level based on its volatility and some others factors. But I think there is no problem if bitcoin is not accepted as world reserve currency. We know that Bitcoin is now a banned currency in most of the countries but still its usage is increasing day by day. The current position of bitcoin today will not be same after 10 years later. Those who focus on the present and wait for the next 10 years will be the most profitable at that time. We generally know that those who can persevere will achieve success in the future.

[Blitzboy]

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.

The fact that Bitcoin is always changing shows how dynamic it is. Its not just a financial tool; it change the financial world. People often miss the bigger picture when their head is clouded by money. I've seen many F0, F1 investors lose money because they didnt know what was going on. You are right that investing is easy.

Successful investors dont just throw money into Bitcoin (or any coin) without DOYR. They watch, study, and understand how the market moves and changes. So, future investor, pay attention to what you say. Learn how to handle your money well, save regularly, and spend wisely. Bitcoin is not just a fad; its the future. If you know what you're doing, you'll not only make it through this world, you'll do well in it.

[JayJuanGee]

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.

For people who really invest into bitcoin, dominance is not likely to be a helpful metric for saying much about what is really happening in bitcoin, even though shitcoiners like to attempt to trade off of such a thing, and the practice of using the dominance might not lead them into profitable trades, even if a lot of shitcoin influencers like to talk about dominance, but hey shitcoin influencers talk about a lot of dumb shit. when it comes to attempting to compare their coin to bitcoin, and yeah if you want to waste your time trying to figure out whether and/or how to trade on that kind of nonsense, then you are likely employing quite a bit of luck into the way that you are holding your "crypto" wealth. rather than focusing a bit more on bitcoin. and maybe limiting your shitcoin exposure to less than 10% then you are likely NOT going to be as damaged by trying to separate the wheat from the chaff.. if such a thing is even possible in shitcoinlandia.

[pawel7777]

In the future, there is no harm in imagining Bitcoin as a world reserve currency. But some people don't want to see it at that level based on its volatility and some others factors. But I think there is no problem if bitcoin is not accepted as world reserve currency. We know that Bitcoin is now a banned currency in most of the countries but still its usage is increasing day by day. The current position of bitcoin today will not be same after 10 years later. Those who focus on the present and wait for the next 10 years will be the most profitable at that time. We generally know that those who can persevere will achieve success in the future.

Bitcoin is not banned in most of the countries. I believe only a handful of countries actually decided to outright ban crypto.
The best that BTC can aim for is to steal the gold's spot as a store of value, or maybe becoming some strategical investment for countries to hold "just in case". But yeah, I wouldn't hold my breath waiting for it to become a global reserve currency.

[JayJuanGee]

I want to own one billion dollars within the next 10 years, that's my dream

Yep.. you sound like a dreamer.

If you want $1billion in 10 years, you better have somewhere in the ballpark of $10 million to $100 million right now, otherwise you are likely being unrealistic, and even getting $10 million up to $1 billion in 10 years would be quite a bit of a stretch... since that is 100x.   

I think that bitcoin is the best investment that I ever had and I been in it for nearly 10 years, and I am around 26x up on the amount that I had put into bitcoin, and so you still need a lot in order to get a lot, but even if I had put $10k into bitcoin, then I would have $260k, and I would have had to put in $100k in order to have $2.6 million... and I would have had to have invested around $38.5 million in order to have gotten my bitcoin up to $1 billion.

Oh?  You expect even greater returns than that?  but you don't have very much capital, right? 


Who cares about baseless dreams?

It seems better to figure out some kind of realistic plan and try to be realistic about it, even if you might be ambitious, but ambition within some concrete starting points.  What do you got?  Anything?  Anything?

In the future, there is no harm in imagining Bitcoin as a world reserve currency. But some people don't want to see it at that level based on its volatility and some others factors. But I think there is no problem if bitcoin is not accepted as world reserve currency. We know that Bitcoin is now a banned currency in most of the countries but still its usage is increasing day by day. The current position of bitcoin today will not be same after 10 years later. Those who focus on the present and wait for the next 10 years will be the most profitable at that time. We generally know that those who can persevere will achieve success in the future.

Bitcoin is not banned in most of the countries. I believe only a handful of countries actually decided to outright ban crypto.
The best that BTC can aim for is to steal the gold's spot as a store of value, or maybe becoming some strategical investment for countries to hold "just in case". But yeah, I wouldn't hold my breath waiting for it to become a global reserve currency.

Bitcoin is likely around 1,000x better than gold, yet it is ONLY about 1/20th of the market cap of gold.

There is no need to try to figure out how long it might take for bitcoin to come to fair value relative to gold in order to realize that bitcoin is likely going to be eating gold's lunch in the coming 10-30 years - while at the same time, it could take 100 to 200 years for bitcoin and gold to get closer to their fair market values relative to one another... while at the same time, you never know, it might happen faster, and it would suck to be overly bearish about bitcoin and to miss the opportunities to having at least enough bitcoin in order for that possible transition to work in your favor... and maybe you don't even need very much in order to benefit stupendously... even 1% allocation to bitcoin might work.. if you have a $100k investment portfolio, and you have only $1k of bitcoin, but if bitcoin ends up eating the lunch of a lot of the others, then that 1% may well end up outvaluing all of the others.

I doubt that you need to bet on bitcoin becoming a world reserve currency in order to profit stupendously from investing in it, while at the same time, there is nothing really saying that any other system even holds any kind of candle to it right now the way it stands as the soundest of monies including likely 1,000x greater than gold while being 1/20th gold's market cap, and while at the same time, it seems likely that gold is the second best in terms of sound monies that we might be able to assess as a possible next competitor to bitcoin.

[2Pizza410000BTC]

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.

See there are some important events in the history of Bitcoin that teach us to deeply understand the importance of Bitcoin. On May 22, 2010, one Laszlo Hanyecz bought two or more pizzas for the 10,000 bitcoins he saved. The so-called 10,000 bitcoins were worth maybe $41 at the time. However this gentleman is worth 10,000 bitcoins Buying just two pizzas in exchange made history after his name was taken seriously by people. But in an interview, when asked about the reason for buying this Bitcoin, he said that he took such an important step to convince people about the importance of Bitcoin.

Re: Your Life After 10 years in Bitcoin...

Buying and selling bitcoins is completely illegal in my country and if the police arrests someone on suspicion of doing this they are physically imprisoned with monetary fines. In this situation, as Bangladeshi citizens, we indirectly hide our identity and get involved in buying and selling bitcoin online. Although it becomes very difficult for us, we have no choice but to buy and sell bitcoins like this.

In the 14 years since the discovery of Bitcoin, our country's government has not issued any bill in Parliament to accept Bitcoin. However, due to the current political and economic problems of our country, as no positive plan has been made on Bitcoin in 14 years, it is not possible to accept Bitcoin in the distant future.

Although Bitcoin is not legalized in our country, 4 million Bitcoin users are indirectly involved in Bitcoin transactions under the cover of the law. But it is expected that in the distant future if Bitcoin is legalized in Bangladesh, then the number of Bitcoin users in our country will exceed 70 million.

[gunhell16]

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 don't know what the situation or condition of my life will be 10 years from now because we don't know if we will still be alive or if the world will have collapsed because no one has reached the future. As long as I'm doing the best I can, I'm preparing the future for our loved ones, along with others in this industry.

Maybe after 10 years I will be able to invest in real estate because of my cryptocurrency earnings, or maybe not. But I save other cryptos and hold them until the bull run comes, believing it will give me a breakthrough in my life.

What I am doing is that I am not the only one doing this in this community in the crypto space. There are a lot of people doing it right now, especially since we are about to enter the bull run season where Bitcoin is preparing for its ATH in the upcoming halving next year, which many expect will be a good result.

[JayJuanGee]

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 don't know what the situation or condition of my life will be 10 years from now because we don't know if we will still be alive or if the world will have collapsed because no one has reached the future.

I frequently find it quite distracting when people make these kinds of assertions regarding outrageous scenarios that might happen, and of course, we are going to be best served if we are putting most of our efforts into preparing for various base-case scenarios rather than failing/refusing to prepare because "anything could happen," so those kinds of dumbass statements are sometimes used in order to justify not preparing at all.   

As long as I'm doing the best I can, I'm preparing the future for our loved ones, along with others in this industry.

That's right.. that's more reasonable. You should be attempting to prepare for various base case scenarios that are more likely to play out.

Maybe after 10 years I will be able to invest in real estate because of my cryptocurrency earnings, or maybe not. But I save other cryptos and hold them until the bull run comes, believing it will give me a breakthrough in my life.

It sounds like you are gambling.  Fuck shitcoins.  Think about your bitcoin strategy.

What I am doing is that I am not the only one doing this in this community in the crypto space. There are a lot of people doing it right now, especially since we are about to enter the bull run season where Bitcoin is preparing for its ATH in the upcoming halving next year, which many expect will be a good result.

You should not invest into bitcoin or anything else based on what you believe everyone else is doing... and yeah, maybe various UPpity bitcoin scenarios have good chances for playing out in the coming 1-2 years... such as going to ATHs and going beyond, such as up into the $200ks and maybe higher than $500k, but surely none of these UPpity scenarios are guaranteed, but they are within the realm of possibilities for bitcoin... which means that they may happen and they might not happen.

[ancafe]

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.

This happened so fast and there were many people who made profits and there were also many people who made losses in the previous year, depending on the level of preparedness and knowledge about bitcoin. Over time bitcoin has gained the ability to maintain value, so there are many people competing to come to the crypto industry and especially their involvement in Bitcoin.

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.

In the year before bitcoin became what it is today there were many people who doubted its ability and maybe including us, especially regarding the level of price fluctuations and talking about risks that we have not been able to assess the extent of resistance. Interest in bitcoin is now not only among entrepreneurs and there are already many ordinary people who are involved in it, this shows that bitcoin adoption is quite widespread throughout the country.

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 am one of the long term holders especially for bitcoin and will continue to collect whenever I have money. My philosophy on bitcoin investing is ATH and that's why I prefer to hold on long term. A big change occurs when we get involved in bitcoin because it has brought freedom and reached a stage of much increased income compared to involvement in previous investments and although so far it has not provided great wealth.

There is a level of comfort in investing in bitcoin because we have the opportunity to buy with any amount of capital available and we don't find this in other investments. Especially when people are able to see the potential by using the DCA method and on the other hand maybe at the level of value defense it relates to the money we put in, so that when the process is carried out correctly it will always generate profits.

[fruktik]

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.

You just forgot to write about how many people also lost to investing in bitcoin years earlier. Didn't take it into account? And very in vain. An incredible number of investors have said goodbye to their money by investing in this asset. Someone even committed suicide, as he put everything on the line. How do you like this arrangement? Therefore, it is better for people not to impose their point of view on people. A very dangerous process. Stay guilty after.
I've already been through this. I was even considered a scammer. Now I do not give any recommendations on where to invest money.

[SmartGold01]

Snip

You just forgot to write about how many people also lost to investing in bitcoin years earlier. Didn't take it into account? And very in vain. An incredible number of investors have said goodbye to their money by investing in this asset. Someone even committed suicide, as he put everything on the line. How do you like this arrangement? Therefore, it is better for people not to impose their point of view on people. A very dangerous process. Stay guilty after.
I've already been through this. I was even considered a scammer. Now I do not give any recommendations on where to invest money.

Do you know those people whom you think that lost investment never read to know the whole concept of bitcoin? Yes they never understood how it's being operated and, they thought is a quick get rich scheme (Ponzi) which they thought after putting their live savings they could became rich overnight without knowing the volatility level of bitcoin.

Misinformation can cause a huge lost, and I am not sure they knew that aspect of bitcoin before jumping into investment, that is why from my previous post I do mentioned something very important that " it's very common to invest in an asset without knowing the principle of operation", I guess I said something like this before or similar but I am making the same sense.

You can't quickly rush to invest in something you never knew the principle of operation and formation ( the secrets  behinds it) whenever an investors knows about the project they are to invest and have more reliable information and configuration it's assumed they are ready for risk but for those who lost their lives savings never know anything about bitcoin and they fails to invest only on what they can afford to lose along the line, between they thought Bitcoin gonna hit 100k or 200k within those period and never know it's highly speculative., Some Media news was fly around the internet for bitcoin to reach 100k causing too much panic around and within the people forcefully invest in bitcoin since they are seeing it's price soaring uncontrollably.

However they did invest at ATH they never waited for the price to drop before investment, this alone lot of people who knows how the concept and operation of bitcoin would never fall victim or lose their funds, even as that if they still hold for long time there will still be profit in time to come or after next year halving this is basically for those who are investing for profits maximization, so if you look closely they didn't lost investment it's as a result of impatient and short term investment plan so they panicked and sold all cheaply without considering the lost that has already associated with them.

That is why I do say knowledge is "Power"  and of course anyone who is ready to invest today should also be ready to keep learning and also be open for information that relates to the field of their investment or course of study.

[Tomak]

Car with giant bull as passenger pulled over by Nebraska police

https://www.youtube.com/watch?v=yIR3NU3P_bU&t=13s

[bayu7adi]

In 2014, I first encountered Bitcoin with a sense of skepticism and disbelief, coinciding with the news of the Mt. Gox collapse.

Then, in 2017, I began delving back into the world of Bitcoin with a bit more effort than before. I even purchased Bitcoin using altcoins. While it didn't start with traditional FIAT currency, holding BTC as opposed to ALTCOINs truly felt like a different experience.

Bitcoin is more robust and holds immense potential as a long-term investment model. Despite the significant price fluctuations it undergoes, on an annual basis, the BTC chart exhibits remarkable resilience, remaining in existence and becoming scarcer over time.

I've used BTC several times to purchase hosting services, shop in online marketplaces, and it truly operates without the need for intermediaries like banks.

Bitcoin has yet to replace FIAT currency in my country, but it does offer a more intriguing alternative to complement FIAT. The presence of cryptocurrencies has greatly assisted my financial situation, and I view it as an opportunity to save and watch my assets grow.