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Author Topic: JJG’s Outline of Bitcoin Investment Ideas  (Read 27861 times)
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Gost ms
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Today at 02:03:49 PM
 #2801

Friends, don't think you can get rich when you invest, because the purpose of investment is not for us to become rich, but the purpose of investment is more than that, one of which is to make us financially stable in the future. Even if you invest in bitcoin, it doesn't mean you can get rich because of it.

How sure can you hold bitcoin for a very long time? That is, until you get a profit many times over from the investment you make?

I saw a lot and even felt it myself. For example, there is a person who told me that he regretted selling bitcoin with his profits at that time, if he held it until now, then he would have become very rich. And I was the same, I sold bitcoin with the profit target I had set at the beginning, then I repeated the purchase with the DCA strategy, and so on.

Each person's goals and objectives are different. Many people like to withdraw profits from Bitcoin or many people like to hold it for the future. Personally, if I say so, my goal and objective is to see Bitcoin as an asset. Bitcoin was created to create a decentralized financial management, without any third party interfering in our financial situation or our financial transactions. Bitcoin is still moving towards that goal.

It is not at all the right decision to sell all the holdings even after reaching the excess savings level. If you had not sold all the holdings at that time and had withdrawn some amount of profit and enjoyed it, then maybe you would not have regretted it today. If someone invested with the aim of building a house, then it is different. However, I think Bitcoin needs to be considered as an asset and needs to be held. Even if you reach this excess savings level, you can withdraw some amount when you need it.

SuperBitMan
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Today at 02:28:21 PM
 #2802

I don’t agree with you, when you are investing in bitcoin for long term theirs big hope of you making profit, it is when you are investing in bitcoin for a short period of time that’s when making profit is not certain but as long as you are investing in bitcoin for long term you are sure of making profit in the long run, so don’t say no matter how long one invest in bitcoin one is not certain of making profit that’s not true, long term investment in bitcoin is usually certain of profit.
Nothing is guaranteed as far as it has to do with Bitcoin investment that is what we have been saying and thats because of price fluctuations and volatility

I still stand by my word, when you say nothing is guaranteed in bitcoin investment because of fluctuations and volatility of bitcoin it is for those who are trading bitcoin or investing just for short term, if you are investing in bitcoin for long term you won’t be affected by bitcoin fluctuations or volatility, it is only those who are investing in bitcoin for short term that are affected by bitcoin volatility.
Bitcoin has been in existence for long now and it has proven that it is trustworthy especially for those who are accumulating and holding it for longer term let say 5 years and above.
You can’t be accumulating and holding bitcoin for 5 to 10 years and you are affected by bitcoin volatility, those who have been accumulating and holding bitcoin since 5 years or 7 years ago till date can you say bitcoin volatility affected them or stopped them from making profit? The answer is NO so bitcoin volatility can’t affect long term investors and I will keep saying future profit is also guaranteed for long term investors.


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Cryptoprincess101
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Today at 02:54:26 PM
 #2803

Every investor will become rich if they can hold Bitcoin for a long time, the longer their Bitcoin holdings are, the more successful they will be in becoming rich. One cannot become rich by investing in Bitcoin if they cannot hold it for a long time.

This is not true, not every investor will become rich just because they hold bitcoin for a long term. The success of a bitcoin investor is measured by how much bitcoins he has been able to hold in the long term. Can you say that someone who was able to accumulate $10,000 worth of bitcoins for the next 10 years is rich? so, it depends on the size of your portfolio that will show if you are a rich bitcoin investor after holding for a long term. Some people do misinterpret holding for a long term and accumulation in the long term. Someone can do a lump sum and hold for 10 years while another can be accumulating using the DCA method for that whole 10 years so you will see that the size of their investment cannot be the same because someone who is consistently using the DCA to invest may own more bitcoins than the other who just made a one-time investment. 

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