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Author Topic: HODL bitcoins, you can do it! Look at HODL camp map to build up strong hands  (Read 2898 times)
Odohu
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February 25, 2024, 08:17:11 PM
 #121

It is difficult to know what level of adoption bitcoin has, and I have my doubts that it has even reached 1% of the world's population, even though we have rich folks and rich institutions currently coming into bitcoin, including some of them entering through the newly approved Spot ETFs.  These guys are neither imuned from gambling tendencies or making mistakes of the past, including but not limited to mistakes made that led up to a lot of the 2022 cascading crashes of Terra/Luna, Celsius, Blockfi, 3AC, Voyager, FTX, Alameda Research,  Genesis (perhaps involving Grayscale) and probably some others that I am forgetting about...

Alts are launched with so many attractive features. They roam around for sometimes and then lost in the darkness forever. I had a crush on MATIC (POLYGON) last year after reading its features like side chains, low fees and more. The token is still there but wasn't able to take off despite so much marketing about its attractive features and now the team is launching new token with new features to generate more capital. The story may be different for other alts but the aim of all Alts are more or less same. There is no Alt that has survived the length of Bitcoin.
I still remember several tokens I invested in those days that got me entangled in those jargons. First they will launch their token, use that to collect money from people and they list their glorified token in exchange which will die immediately or after some few manipulations by the founders until at least they liquidate their holdings. After this stage, they will then launch worthless NFTs backed by huge marketing to collect more money from unsuspecting victims until the hype will die and the team will move on to the next project.

Wish I knew what I know now, those funds I wasted would have been used to build a decent Bitcoin portfolio that would have made me financially comfortable today. I only find consolation in the fact that I did not abandon this entire concept and I have also found courage to start building my Bitcoin portfolio when I did. Indeed, Bitcoin is the way forward, the earlier anyone avoid the distractions with these numerous coins, the better. 

R


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LLBIT|
4,000+ GAMES
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Tmoonz
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February 25, 2024, 10:02:20 PM
 #122

It is difficult to know what level of adoption bitcoin has, and I have my doubts that it has even reached 1% of the world's population, even though we have rich folks and rich institutions currently coming into bitcoin, including some of them entering through the newly approved Spot ETFs.  These guys are neither imuned from gambling tendencies or making mistakes of the past, including but not limited to mistakes made that led up to a lot of the 2022 cascading crashes of Terra/Luna, Celsius, Blockfi, 3AC, Voyager, FTX, Alameda Research,  Genesis (perhaps involving Grayscale) and probably some others that I am forgetting about...

Alts are launched with so many attractive features. They roam around for sometimes and then lost in the darkness forever. I had a crush on MATIC (POLYGON) last year after reading its features like side chains, low fees and more. The token is still there but wasn't able to take off despite so much marketing about its attractive features and now the team is launching new token with new features to generate more capital. The story may be different for other alts but the aim of all Alts are more or less same. There is no Alt that has survived the length of Bitcoin.
I still remember several tokens I invested in those days that got me entangled in those jargons. First they will launch their token, use that to collect money from people and they list their glorified token in exchange

In most senorio case some people always have that conclusions that any token that got listed in exchange have good potentials which has seen not have any validations as regards to that, that a token is listed in exchange doesn't guarantee the token having potential neither does the early market cap as some person may have it that  it determine success of token. Bitcoin has significantly showm to be the best which should be consider in your investment portfolio.

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February 26, 2024, 05:43:42 AM
 #123

Hodlimg Bitcoin is a good investment to take but it seems difficult for some people maybe because they lack the patience to hodl bitcoin.  But some people don't know the waiting to make  profit from Bitcoin is worth it. The profit you get in hodling Bitcoin is what you can never get saving your money in the bank. Instead of getting profit money will be losing it value while keeping it in the bank.  Hodling Bitcoin is good indeed.
there are nothing in crypto that brings better and best than Bitcoin lol .

I know and happened to see this currency for more than 7 years now and Indeed that HODLING  have been the perfect way to treat not only because its ranking number 1 but because this is the safest.

I will never have any better investing than Bitcoin (not in bank and not in real estate) but bitcoin.

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February 26, 2024, 06:00:21 AM
 #124

there are nothing in crypto that brings better and best than Bitcoin lol .

I know and happened to see this currency for more than 7 years now and Indeed that HODLING  have been the perfect way to treat not only because its ranking number 1 but because this is the safest.
Let's say in short term, some altcoins can give altcoin enthusiasts very high ROIs, much higher (so better) than Bitcoin but it only last some weeks, months or up to two years. When a bear market comes, they lose 90% to 99% of their ATH price and it's when they are no longer better than Bitcoin.

Zoom out, in long term, Bitcoin is the best in ROI and the safest too, no roll back, no death.

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I will never have any better investing than Bitcoin (not in bank and not in real estate) but bitcoin.
ROIs show that fact

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MusaPk
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February 26, 2024, 04:47:20 PM
Merited by JayJuanGee (1)
 #125

I admire guys who have podcasts and who pull off good content on a regular basis.. It would be a lot of work.

I suggest to go for it. You will defiantly be as good as Michael J. Saylor in Podcast.

It is difficult to completely flesh out the circumstances, but it seems that at least Hypos 1, 2 and 4 have come to BTC with enough capital and had invested somewhat aggressively and have had a sufficient amount of time pass in their investment, so it starts to seem that they may well have enough BTC in light of their own situations at the time that they came into bitcoin.  Each person has to assess, but I am describing situations in which they may well reasonably come to conclusions that they have enough BTC and they may well not need to accumulate any more BTC....

Of course there are going to be guys that do not need that many coins, especially if they might live in a lower cost of living area, or they might have expectations in which they might ONLY want to spend around $40k per year rather than $100k per year.. or whatever their monthly/annual budget might be.

Hypo-1. 300 BTC (10 years)
Hypo-2. 115 BTC (10 years)
Hypo-4. 150 BTC (5 years)

Above is just a quick summery of these 3 Hypo's and you are right in saying that they have adequate number of Bitcoins at the disposal but they are in Bitcoin for quite a while. If you spend your time with right strategy in Bitcoin then after sometimes your portfolio is like that. One has to keep that in mind. 

Yep.. if you are able to lump sum and/or front load your BTC investment, there are likely going to be advantages in that.  The ability to supplement with DCA and buying on dips surely helps if the BTC price runs against you after you have made your lump sum buys.

I think this is key take away from what we are discussing for quite a while now i.e. Lump Sum and DCA are best combo.

It can be very difficult to get back your principle if you lose it.. especially if you think about any of the guys Hypo 1 through 6.  They had 10 and 5 years investing into bitcoin respectively, and if they lost their BTC, they may well not be able to get them back anywhere close to the prices that they bought them.

If you go 10 years back then there is massive difference in price with what we have right now. So yes if you lost those coins then you wont be able to get back to that position.
Those who investing now should keep this thing in mind that it will take years before you get into good position into Bitcoin.

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February 26, 2024, 05:45:57 PM
 #126

I admire guys who have podcasts and who pull off good content on a regular basis.. It would be a lot of work.
I suggest to go for it. You will defiantly be as good as Michael J. Saylor in Podcast.

You have a lot of confidence.  Of course, people have their specialities.. and Saylor is pretty damned gifted in the gab department.. Someone might call it "the gift of gab"  .. ..

It is difficult to completely flesh out the circumstances, but it seems that at least Hypos 1, 2 and 4 have come to BTC with enough capital and had invested somewhat aggressively and have had a sufficient amount of time pass in their investment, so it starts to seem that they may well have enough BTC in light of their own situations at the time that they came into bitcoin.  Each person has to assess, but I am describing situations in which they may well reasonably come to conclusions that they have enough BTC and they may well not need to accumulate any more BTC....

Of course there are going to be guys that do not need that many coins, especially if they might live in a lower cost of living area, or they might have expectations in which they might ONLY want to spend around $40k per year rather than $100k per year.. or whatever their monthly/annual budget might be.
Hypo-1. 300 BTC (10 years)
Hypo-2. 115 BTC (10 years)
Hypo-4. 150 BTC (5 years)

Above is just a quick summery of these 3 Hypo's and you are right in saying that they have adequate number of Bitcoins at the disposal but they are in Bitcoin for quite a while. If you spend your time with right strategy in Bitcoin then after sometimes your portfolio is like that. One has to keep that in mind. 

We look at the quantity of BTC and we look at how long that they have been in, but then they may also be considering various aspects of their personal situation that include the 9 factors.

They also may not be ready to move into something that involves sustainable withdrawal or maintenance, even though they may well consider that they have accumulated enough based on their own circumstances.

Yep.. if you are able to lump sum and/or front load your BTC investment, there are likely going to be advantages in that.  The ability to supplement with DCA and buying on dips surely helps if the BTC price runs against you after you have made your lump sum buys.
I think this is key take away from what we are discussing for quite a while now i.e. Lump Sum and DCA are best combo.

Fair enough.. though I hate to take away various kinds of individualization.., and the many times that I have suggested that lump sum frequently is not really available.. .. but there could be times in which someone is investing for a while, and then he receives a bonus or maybe some kind of extra payment (income) and then all of a sudden he has a lump sum opportunity, so then what is he going to do?  Perhaps consider lump sum, buying on the dips and DCA.. and so how he goes about it may well also include other things going on, including how many BTC he had already accumulated, so buying on dips can be another tool, especially for someone who has already bought a decent amount of BTC within a certain price range... so if we are striving to accumulate bitcoin, then we sometimes will want to consider buying on the dip,  along side with lump sum and DCA... and various other financial management strategies that help us to conclude the extent to which we might be getting overallocated in bitcoin at any given time.

It can be very difficult to get back your principle if you lose it.. especially if you think about any of the guys Hypo 1 through 6.  They had 10 and 5 years investing into bitcoin respectively, and if they lost their BTC, they may well not be able to get them back anywhere close to the prices that they bought them.
If you go 10 years back then there is massive difference in price with what we have right now. So yes if you lost those coins then you wont be able to get back to that position.
Those who investing now should keep this thing in mind that it will take years before you get into good position into Bitcoin.

Preservation of capital does become more and more important when you build up your holdings, and historically in bitcoin there have been times when the price shot up so much that some guys might not have had known how to handle the situation and/or to improve their security of their wallets and/or their storage locations in order to account for the increased value of the coins.

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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February 27, 2024, 06:37:03 PM
 #127

In crypto industry feels like it's the only one way to win this game is to hodl
JayJuanGee
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February 27, 2024, 08:17:02 PM
 #128

In crypto industry feels like it's the only one way to win this game is to hodl

Fuck crypto..

We are talking about bitcoin in this thread.

Hopefully you know the difference, but the fact that you used that word seems to establish that you don't... .. so hopefully you can spend some time learning about what bitcoin is so that you know how to properly speak.   Tongue

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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February 28, 2024, 09:53:51 AM
 #129

In crypto industry feels like it's the only one way to win this game is to hodl
Focus on Bitcoin so you don't complicated things for yourself. As a newbie, if you don't take necessary steps at getting the clarifications, you might think that anything that answer crypto is worth holding. That is how problem starts and you will hate anything crypto with Bitcoin inclusive. So the right world in this thread is Bitcoin, buy and hold as that is the only way. If you hodl anything else, you might end up hold a bag of shitcoins... I hope you don't want that?

R


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LLBIT|
4,000+ GAMES
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MusaPk
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February 28, 2024, 06:38:21 PM
 #130

You have a lot of confidence.  Of course, people have their specialities.. and Saylor is pretty damned gifted in the gab department.. Someone might call it "the gift of gab"  .. ..

You do have this speciality of "the gift of gab" only if you have sound knowledge and experience about the topic you are speaking. Saylor has made this repute after spending so much time, mind and money in Bitcoin.

We look at the quantity of BTC and we look at how long that they have been in, but then they may also be considering various aspects of their personal situation that include the 9 factors.

They also may not be ready to move into something that involves sustainable withdrawal or maintenance, even though they may well consider that they have accumulated enough based on their own circumstances.

These 9 points are equally important and from my perspective the cash flow is the biggest factor that influence you investment strategy about Bitcoin. Of course everyone has its own way of looking about these 9 points. I would make decision only after calculating how much cash flow I have for Bitcoin.


Fair enough.. though I hate to take away various kinds of individualization.., and the many times that I have suggested that lump sum frequently is not really available.. .. but there could be times in which someone is investing for a while, and then he receives a bonus or maybe some kind of extra payment (income) and then all of a sudden he has a lump sum opportunity, so then what is he going to do?  Perhaps consider lump sum, buying on the dips and DCA.. and so how he goes about it may well also include other things going on, including how many BTC he had already accumulated, so buying on dips can be another tool, especially for someone who has already bought a decent amount of BTC within a certain price range... so if we are striving to accumulate bitcoin, then we sometimes will want to consider buying on the dip,  along side with lump sum and DCA... and various other financial management strategies that help us to conclude the extent to which we might be getting overallocated in bitcoin at any given time.

After you spend time in accumulating Bitcoin one can adjust his strategy about when to invest lump sum, DCA and on dips. DCA for me is an on going process and anyone who is true lover of Bitcoin will never stop accumulating Bitcoin no matter how much Bitcoins he has. You need some kind of experience to go with lump sum and on dips. That's not a big issue, it comes with time.

Preservation of capital does become more and more important when you build up your holdings, and historically in bitcoin there have been times when the price shot up so much that some guys might not have had known how to handle the situation and/or to improve their security of their wallets and/or their storage locations in order to account for the increased value of the coins.

This is a kind of concern in Bitcoin that security of your wallets must be of prime concern for you. Normally security is considered as an after thought in many process. The realisation that if you lose, you wont recover it comes only when you face some sort of issue in securing your wallets.

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February 29, 2024, 12:00:11 AM
 #131

We look at the quantity of BTC and we look at how long that they have been in, but then they may also be considering various aspects of their personal situation that include the 9 factors.
They also may not be ready to move into something that involves sustainable withdrawal or maintenance, even though they may well consider that they have accumulated enough based on their own circumstances.
These 9 points are equally important and from my perspective the cash flow is the biggest factor that influence you investment strategy about Bitcoin. Of course everyone has its own way of looking about these 9 points. I would make decision only after calculating how much cash flow I have for Bitcoin.

Sure cashflow is important, but I have troubles suggesting that as a general principle cashflow is going to be more important than the others.

We could even look at the earlier hypos that I provided, or maybe we have to come up with some other example in which we might suggest three guys with similar levels of cashflow..

let's say that each of them earn around $3k per month, and they each have about $2k in expenses.  So there is $1k left over that could be used for investing into bitcoin... so all three guys are pretty much the same.  Let's say that each of them have equally-sized investment portfolios when it comes to various non-BTC stuff.. and maybe they have around $100k in their various non-BTC investments.

So this is the ONLY way that the three guys differ.

Guy one has 5 BTC

the second guy has 2.5 BTC

and the 3rd guy has zero BTC

That seems to be a pretty important fact.

What if we take another hypothetical with guys that are very similar in their networth and their cashflow except one guy is 25 years old, the second guy is 50 years old and the 3rd guy is 75 years old.  timeline for these guys seems to be pretty important for their decision-making.

What if we take another example that involves similar cashflow but different kinds of investments or sizes of investments.

I guess that my point is that all of the factors are likely important to consider in terms of how each of the factors affects how a guy is going to approach his bitcoin investment.

But if you are suggesting that cashflow is the most important because you have to have a cashflow before you can even invest, then sure that probably is true unless you happen to be the recipient of some large sum of money and then you are just trying to figure out how to allocate that money so that you can generate a passive income into the future... so then the value that you are receiving is going to serve as a cashflow, as long as you invest it in a way that causes it to be sustainable rather than eating into the principle... but whether you want to eat into the principle or have the investment as sustainable would likely depend on your timeline.. asking yourself: how long you need to make this investment/principle last?

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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February 29, 2024, 06:24:45 PM
Merited by JayJuanGee (1)
 #132

That seems to be a pretty important fact.

What if we take another hypothetical with guys that are very similar in their networth and their cashflow except one guy is 25 years old, the second guy is 50 years old and the 3rd guy is 75 years old.  timeline for these guys seems to be pretty important for their decision-making.

What if we take another example that involves similar cashflow but different kinds of investments or sizes of investments.

I guess that my point is that all of the factors are likely important to consider in terms of how each of the factors affects how a guy is going to approach his bitcoin investment.

Ok I got it from the example you just wrote that all points are equally important and one can't ignore anyone while making investment strategy. Or it may be that important points may change based on the scenario in which we are analysing it.

how long you need to make this investment/principle last?

That's true that I am not a receipt of large sum of money and probably that's why I am saying that to me cash flow is an important factor so that I can decide how much I will invest in.
To the question you posed, I think I still have 20 to 25 years left before I think I will be too old for any further investments. I think if I can keep investing for next 6 to 7 years aggressively then I will be very much in good Hypo's

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February 29, 2024, 08:56:22 PM
 #133

In crypto industry feels like it's the only one way to win this game is to hodl
Focus on Bitcoin so you don't complicated things for yourself. As a newbie, if you don't take necessary steps at getting the clarifications, you might think that anything that answer crypto is worth holding. That is how problem starts and you will hate anything crypto with Bitcoin inclusive. So the right world in this thread is Bitcoin, buy and hold as that is the only way. If you hodl anything else, you might end up hold a bag of shitcoins... I hope you don't want that?
I still remember in my early days in the crypto space I bought some cheap coins and hold thinking that when the bull season comes it will pump and give me a huge ROI. Unfortunately, after several years of holding, I'd never see it comes, not even until now and I wasted my money and time waiting for such an impossible thing in shitcoins. This is enough to tell us that buying and holding Bitcoin is the best thing to do even if the price is quite expensive rather than wasting our money on cheap coins that we only get nothing in the end. We ain't get 100% assurance here but choosing Bitcoin gives us peace of mind and little worries as we never lose if we hold and sell at a higher price.

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February 29, 2024, 09:36:17 PM
 #134

Hodling bitcoin is the best approach in the investment of it. And not the one that some investors buy and sell to get their profit within a short period of time. But when you buy enough and hodle it for years before selling them you will make enough profit from it. Some people can't hodle bitcoin for like even 3 month, and those people are gamblers and traders. Because they are always eager to use them either to play gamble thinking to win more so that they can return the ones they collect from the investment but in the process lost all and that is the same to the traders. They would be thinking to us the investment funds to trade so that they can have profit and return the one they collected it from the investment but all was lost.

So to avoid all those things, it is better to keep the investment in the non custodial wallet and wait for the All Time High.









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February 29, 2024, 11:40:00 PM
Merited by JayJuanGee (1)
 #135

Quote from: MusaPk link=topic=5479211.msg63738636#msg63738636
That's true that I am not a receipt of large sum of money and probably that's why I am saying that to me cash flow is an important factor so that I can decide how much I will invest in.
To the question you posed, I think I still have 20 to 25 years left before I think I will be too old for any further investments. I think if I can keep investing for next 6 to 7 years aggressively then I will be very much in good Hypo's

That also reason why most people haven't invested in bitcoin yet ,because of their financial capability, for instance people that barely cover their expenses with their earning can't think of investing (funds they need to survive) . So having a good cash flow as already given a head start. And would also make your accumulating with DCA strategies or any other strategies More effective, Other things that matter in your investment is how frequent you are in your accumulating. Because the more you accumulating (aggressively) the more and faster your portfolio would grow expecially having a good cash flow, and Also you would need a good principles for you to be able to be patient, while holding for long.

In crypto industry feels like it's the only one way to win this game is to hodl

Focus on Bitcoin so you don't complicated things for yourself. As a newbie, if you don't take necessary steps at getting the clarifications, you might think that anything that answer crypto is worth holding. That is how problem starts and you will hate anything crypto with Bitcoin inclusive. So the right world in this thread is Bitcoin, buy and hold as that is the only way. If you hodl anything else, you might end up hold a bag of shitcoins... I hope you don't want that?
I still remember in my early days in the crypto space I bought some cheap coins and hold thinking that when the bull season comes it will pump and give me a huge ROI. Unfortunately, after several years of holding, I'd never see it comes, not even until now and I wasted my money and time waiting for such an impossible thing in shitcoins. This is enough to tell us that buying and holding Bitcoin is the best thing to do even if the price is quite expensive rather than wasting our money on cheap coins that we only get nothing in the end. We ain't get 100% assurance here but choosing Bitcoin gives us peace of mind and little worries as we never lose if we hold and sell at a higher price.

 I can actually Relate, wasting your time in some Damn shit coins that would endup bringing nothing other than losses most time . Most of those shit coin are the reason most users don't have confidence in investing again due to the scar a certain coin left on them . Because as a newbie with no proper knowledge about the space, came across post on social media how people are making millions in this space they would endup developing a childish mindset thinking you can just get risk ones in this space over night leading them to be mislead by others in, investing in some shit coin in order to make huge profits in a short term, but ended making great losses . That would reduce the trust and confidence for that user in investing in this space that why they keep telling those who are new to start their investment in this space with Bitcoin in order to be a safer side.

JayJuanGee
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March 01, 2024, 06:42:58 AM
 #136

how long you need to make this investment/principle last?
That's true that I am not a receipt of large sum of money and probably that's why I am saying that to me cash flow is an important factor so that I can decide how much I will invest in.
To the question you posed, I think I still have 20 to 25 years left before I think I will be too old for any further investments. I think if I can keep investing for next 6 to 7 years aggressively then I will be very much in good Hypo's

Well, usually timelines have to do with when you might need the money, and so there could be stages in which you are able to front load your investment in the beginning, so then by the time that you get 6-7 years in, then you might transition to investing in other things and maybe you don't quite need the money, so maybe you are anticipating that you might start to withdraw some of the money in a 20-25 year timeline.  It is good to have some expectations that might go out quite a way into the future, even if you might not know specifics, and you can adjust your plans as you go, since they will also make more sense once you have various investments and you might consider which ones will you start to draw upon first, and so hopefully you would have something other than bitcoin to draw upon first, yet sometimes for practicality purposes, you might have less ability to draw on some of them prior to others.

Quote from: MusaPk link=topic=5479211.msg63738636#msg63738636
That's true that I am not a receipt of large sum of money and probably that's why I am saying that to me cash flow is an important factor so that I can decide how much I will invest in.
To the question you posed, I think I still have 20 to 25 years left before I think I will be too old for any further investments. I think if I can keep investing for next 6 to 7 years aggressively then I will be very much in good Hypo's
That also reason why most people haven't invested in bitcoin yet ,because of their financial capability, for instance people that barely cover their expenses with their earning can't think of investing (funds they need to survive) . So having a good cash flow as already given a head start. And would also make your accumulating with DCA strategies or any other strategies More effective, Other things that matter in your investment is how frequent you are in your accumulating. Because the more you accumulating (aggressively) the more and faster your portfolio would grow expecially having a good cash flow, and Also you would need a good principles for you to be able to be patient, while holding for long.

Even when folks invest aggressively, sometimes it can seem like it takes a long time to build an investment, but after a while, it might start to seem that the amount of the investment is worth way more than the amount put in, and surely it helps to invest into something that appreciates in value.. Of course, historically bitcoin has appreciated greatly in value, but that past performance does not guarantee future results.. even though we still likely realize that bitcoin remains amongst the best of investments that is currently available in wide-spread ways to all people around the world - even if some people do have some difficulties accessing bitcoin without some effort on their part to either learn about it or to learn some technical matters, so that may well not exclude them financially from investing into it, even though it takes some effort and will power to set up plans to first invest and then second to aggressively invest upon learning what bitcoin is.

Maybe another widespread fallacy that is made regards the world's knowledge of bitcoin, which is not true that many people know what the fuck bitcoin is, even if more and more people have heard the word, but they still don't really know what bitcoin is because if they actually knew what bitcoin is, then more people would already taken action to actually have had bought bitcoin, and even though the bitcoin's price is pumping stupendously, there are overwhelming majority of people who have no access to bitcoin and they have  not set up any account in which they can get it, so we are still very early in terms of both knowledge and adoption.

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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March 01, 2024, 06:54:28 AM
 #137

I have seen a few post lately about low liquidity in Bitcoin even as price continues to rise. Could this low liquidity be as a result of more people willing to HODL now as captured by thus thread? In other words, could it be that the campaign I'm this thread is actually making real impact in the market? I know we might think that we are little investors discussing here but the truth is that the forum is home to most of the big players in the market, they come here for information even without anyone noticing who is who.

JayJuanGee
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March 01, 2024, 07:29:59 AM
 #138

I have seen a few post lately about low liquidity in Bitcoin even as price continues to rise. Could this low liquidity be as a result of more people willing to HODL now as captured by thus thread? In other words, could it be that the campaign I'm this thread is actually making real impact in the market? I know we might think that we are little investors discussing here but the truth is that the forum is home to most of the big players in the market, they come here for information even without anyone noticing who is who.

It's not this thread, but it is over the years more and more people had been taking their coins off of exchanges, including a lot of the fear from the various scammers from 2022, such as Terra Luna, Blockfi, Celsius, 3AC, Voyager, FTX and Genesis.. .. So those kinds of scams cause more and more people to take their coins into self-custody, and so when there is so much demand for more and more BTC, the BTC are not available... including that if the various ETFs buy the coins, they are not allowed to recirculate them, they are supposed to stay in their custody, so that causes additional upward pressures on BTC prices..because of the less liquidity.. of course, if the price goes up, then some folks will move their coins onto exchanges to sell them, but I am kind of thinking that we are going to need 2x to 3x price increases from here to incentivize some folks to want to sell some of their coins, and that still might not be enough coins to address the liquidity problem that currently continues to exist.

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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March 01, 2024, 08:14:51 AM
 #139

there are nothing in crypto that brings better and best than Bitcoin lol .

I know and happened to see this currency for more than 7 years now and Indeed that HODLING  have been the perfect way to treat not only because its ranking number 1 but because this is the safest.
Let's say in short term, some altcoins can give altcoin enthusiasts very high ROIs, much higher (so better) than Bitcoin but it only last some weeks, months or up to two years. When a bear market comes, they lose 90% to 99% of their ATH price and it's when they are no longer better than Bitcoin.

Zoom out, in long term, Bitcoin is the best in ROI and the safest too, no roll back, no death.

Quote
I will never have any better investing than Bitcoin (not in bank and not in real estate) but bitcoin.
ROIs show that fact

Bitcoin is a more stable and preferred asset to invest in, the idea of altcoins is all about initial gains and they are not reliable to hold cause it's so risky that we could lose our funds to them, most altcoins that experience a price crash never get up from it, but bitcoin has experience several and bounced back, showing that it's a better asset to invest in.

The bull run has come and I'm seeing a lot of person's that  just started investing talking about selling and I wonder why, are there all about the gains too or the compound omg value which happens to be more with every year, taking profits is not bad but when you end up taking too much and you risk yourself by putting yourself in a situation where you cant buy back at same price or even lower, bitcoin is an ever moving asset and it's best you sit on the bus and wait for your destination and it doesn't have to be a short term journey. Advice to newbies

I have seen a few post lately about low liquidity in Bitcoin even as price continues to rise. Could this low liquidity be as a result of more people willing to HODL now as captured by thus thread? In other words, could it be that the campaign I'm this thread is actually making real impact in the market? I know we might think that we are little investors discussing here but the truth is that the forum is home to most of the big players in the market, they come here for information even without anyone noticing who is who.

It's not this thread, but it is over the years more and more people had been taking their coins off of exchanges, including a lot of the fear from the various scammers from 2022, such as Terra Luna, Blockfi, Celsius, 3AC, Voyager, FTX and Genesis.. .. So those kinds of scams cause more and more people to take their coins into self-custody, and so when there is so much demand for more and more BTC, the BTC are not available... including that if the various ETFs buy the coins, they are not allowed to recirculate them, they are supposed to stay in their custody, so that causes additional upward pressures on BTC prices..because of the less liquidity.. of course, if the price goes up, then some folks will move their coins onto exchanges to sell them, but I am kind of thinking that we are going to need 2x to 3x price increases from here to incentivize some folks to want to sell some of their coins, and that still might not be enough coins to address the liquidity problem that currently continues to exist.

Yeah I can see a lot of demand pressure increasing since many holders are getting smart to be self custodians.

Most person's won't even sell till they see bitcoin at 100k, like all over the media I just see everyone talking about it.

I think this bull run came with a lot of fuel to shock the world with an outstanding ATH, we are all speculating the best what else can we do.

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March 01, 2024, 08:37:16 AM
 #140



I have been on the lookout for what possible DCA calculator I should use, because as a newbie one of the highest worries I have is how to monitor my Bitcoin investment and what DCA record tools I should adopt that can give me total accurate figures of what my profits percentage is and lose also, because I have the intention to invest at a weekly interval and hold my Bitcoin for at least 4 years which is a one bitcoin halves cycle and by then, I should be able to arrive at a balanced ground in terms of Bitcoin accumulation journey based on my total invested funds.
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