Never underestimate the powers of your Bitcoin.

[melinoe]

-snip-


Far back during my early bitcoin investment, I hard a few friends and colleagues who we earn Almost same salaries and allowance with, while he spends his on fashions I chooses to put those little amount into bitcoin.


Now the Dianamism is changing.

I think you did well and put your effort where you thought it would matter - and you probably won in the end regarding the value that stayed through the funds you put to work

[slaman29]

All centralized systems use less power, and you just illustrated why they don't do anything new or useful. The power backing Bitcoin secures it and is a fundamental part of where Bitcoin gains powers of economic state immutability, it's the cost of people update the state machine that secures it from spam attacks and bad actors who would try to control it - that control bankrupts them. By consuming the power it does, Bitcoin also enables the global subsidization of electricity prices (Norway's mine closures and price increases), enables the capture of emissions (see oil and gas operations generating power and mining Bitcoin instead of flaring the gas), bolsters power grid capacity both cheaper than and with less environmental damage than batteries (Texas), and subsidizes predominantly renewables infrastructure by absorbing dynamic loads (China).

At first yeah less resources anyway, I wouldn't just say power. But in terms of growth, centralized systems expand and consume more power at a rate more than linear.

Banking lets say as an example, if you open one branch with one vault, requires certain staff, security, insurance, overhead etc. Two branches maybe same, but 20 branches, you have new additional staff, more security, more overhead, everything grows bigger than linear.

Bitcoin will always cost more as it grows yes but the value keeps up. And it will never need more staff, more overheads etc, in fact while more computer power is needed to secure it, the value grows along, but the efficiency of miners get better.

Thats my take anyway when people talk about BTC cost.

[madnessteat]

Congratulations on owning your own home. I enjoy reading positive real life stories about how bitcoin has impacted the lives of people. I’d also like to drive home the point that bitcoin is not a get-rich-quick scheme, I have been hodling bitcoin for more than two years and still do not own a home. OP’s experience cannot be the same for everyone because our purchasing power are different.

yes what you are saying is true because some people people may be having such idea or viewing it that once one invest in bitcoin for 2 years that they will amase with great wealth and as such seeing bitcoin as get rich quick scheme. I believe before the op was able to take out such profit from his investment, his portfolio was really in good shape and he has been accumulating bitcoin persistently, continuously and aggressively because to me 2 years is really too short for any investor to begin to talk about taking out profits from his investment.The strategy used in accumulating bitcoin can also be a factor and the investor cash flow.

That's right. If the price of Bitcoin has risen by 400% over the past two years, it means that OP invested 1/4 of the value of his house in Bitcoin two years ago. Many people simply don't have that much spare cash to invest and are forced to live from paycheck to paycheck. Even if we imagine that someone now has a quarter of the cost of a house and invests that money in Bitcoin, there is no guarantee that in two years they will be able to buy a house with the money they invested.

I sincerely congratulate OP on buying his own house!

[Yablee0]

In the last few years of my active and drastic moves towards Bitcoin, what I have come to understand with Bitcoin is that, no matter how little your portion is, it drives its own units interest and likewise loses if when the Market either go up and down.


My few Bitcoin investment done using my leftover and other extra cash in two years ago have yielded enough interest and now I comfortably own my own home through my Bitcoin this is exciting time for all the Bitcoinairs and knowing that after achieving a milestone we still have some Bitcoin waiting for the next big opportunity.

Kudos and a big congrats to you my brother for your huge achievement through bitcoin investment.

Over the years bitcoin has proven to be great and already creating  positive impact in the current generation. It gives me joy when people speak good and make mention of things been achieved through bitcoin investment, at least it will serve as an evidence to those that see bitcoin as a scam.

However, for those that are still in doubt on investing in bitcoin, I will categorically tell you for free that you are missing out because the faith of bitcoin in the future generation is too great for anyone to be missing out thank you.

[Rockstarguy]

Bitcoin is indeed not a Ponzi scheme that promises a fast cash return; it's also not something that can change you from being a nobody into a millionaire. You can just start investing with as little as you can and forget the rest, but ignoring price action is something hard for most investors to do. They need to follow up their investment and make sure that they are not running into losses.

This is not necessary as an investor in Bitcoin. Checking the price of Bitcoin every time is not going to change what is going to happen to the market. We are only putting ourselves under too much pressure to sell when we keep checking up on the price of Bitcoin. What I think the frequent checking of the price of Bitcoin does to investors is that it makes them to become doubtful of how well Bitcoin is going to do and then they will change their investment duration because they no longer trust the market. Bitcoin should not be doubted for any price that it is predicted that Bitcoin will get to. It might not happen in this bull market but do not doubt it. Bitcoin has the potential to make anyone that decide to invest in it rich but we need to exercise patience.

There is no point in checking the price of bitcoin when one has taken it as a habit to start monitoring the price of bitcoin. It is very difficult to invest in bitcoin and make something out of it. An investor who really knows what he or she is doing would never try to always check the price of bitcoin just to monitor it. But the truth is that those who are fond of monitoring the market while investing in bitcoin don't understand bitcoin and are not sure of it; they are only trying to see if they can make a quick profit. Real investors who understand bitcoin and know what they really want don't bother about the market; their main concern is to accumulate and hold bitcoin.

[Orpichukwu]

~content removed~

There is no point in checking the price of bitcoin when one has taken it as a habit to start monitoring the price of bitcoin. It is very difficult to invest in bitcoin and make something out of it. An investor who really knows what he or she is doing would never try to always check the price of bitcoin just to monitor it. But the truth is that those who are fond of monitoring the market while investing in bitcoin don't understand bitcoin and are not sure of it; they are only trying to see if they can make a quick profit. Real investors who understand bitcoin and know what they really want don't bother about the market; their main concern is to accumulate and hold bitcoin.

I understand the point that you are making, but do you think it's very easy to invest your hard-earned money, I mean your sweat and earnings, into something and not have a look at it often from time to time? I don't see that as something that's possible even if the money invested in it is relatively small compared to what the person has as a network.

There are days when you will randomly run into crypto news and will want to check your investment to see how it's doing. Even if the price is going down, you will not want to sell off because of how determined you are to hold. Sometimes you might be tempted, but your courage will tell you what next you will do.

[Danica22]

There is no point in checking the price of bitcoin when one has taken it as a habit to start monitoring the price of bitcoin. It is very difficult to invest in bitcoin and make something out of it. An investor who really knows what he or she is doing would never try to always check the price of bitcoin just to monitor it. But the truth is that those who are fond of monitoring the market while investing in bitcoin don't understand bitcoin and are not sure of it; they are only trying to see if they can make a quick profit. Real investors who understand bitcoin and know what they really want don't bother about the market; their main concern is to accumulate and hold bitcoin.

I understand the point that you are making, but do you think it's very easy to invest your hard-earned money, I mean your sweat and earnings, into something and not have a look at it often from time to time? I don't see that as something that's possible even if the money invested in it is relatively small compared to what the person has as a network.

There are days when you will randomly run into crypto news and will want to check your investment to see how it's doing. Even if the price is going down, you will not want to sell off because of how determined you are to hold. Sometimes you might be tempted, but your courage will tell you what next you will do.

Agreed, I also don't believe that those who are investing their hard earned money and the purpose of investing in bitcoin is to get rich but don't check the bitcoin price regularly. Easier said than done.

Or another scenario is that people may not check the price directly on the app or exchange but indirectly know the price of bitcoin through daily news and social media discussions. That way, they say they don't care and don't check the price but to me, they checked the bitcoin price.

As Bitcoin investors, we talk about it everywhere, all the time, and consider it a part of our lives, but to say we don’t care about the price or don’t check it would be a lie, IMO.

[BADecker]

Bitcoin doesn't have powers. It's a good idea that will barely work without being controlled... until we get a literal bitcoin fiat-type coin.

[reagansimms]

In the last few years of my active and drastic moves towards Bitcoin, what I have come to understand with Bitcoin is that, no matter how little your portion is, it drives its own units interest and likewise loses if when the Market either go up and down.


My few Bitcoin investment done using my leftover and other extra cash in two years ago have yielded enough interest and now I comfortably own my own home through my Bitcoin this is exciting time for all the Bitcoinairs and knowing that after achieving a milestone we still have some Bitcoin waiting for the next big opportunity.

I hope your experience while investing in Bitcoin can create social envy (in a positive way) for other members to follow in the footsteps you have taken so far. People who always believe in the growth of Bitcoin have felt the great benefits of Bitcoin investment, although basically Bitcoin never promises definite profits to every investor, but its journey full of twists and turns has produced huge profits so that it can realize the dreams of most Bitcoins including having a private home.

It is not too late to earn enough interest from Bitcoin investment because its journey has not reached the middle since it was first issued, we still have a long time to achieve something big in the future. Bitcoin never randomly selects individuals to generate sufficient profits, but every individual who believes in the great potential that Bitcoin can generate has a great chance of achieving it.

[Promocodeudo]

I understand the point that you are making, but do you think it's very easy to invest your hard-earned money, I mean your sweat and earnings, into something and not have a look at it often from time to time? I don't see that as something that's possible even if the money invested in it is relatively small compared to what the person has as a network.

There are days when you will randomly run into crypto news and will want to check your investment to see how it's doing. Even if the price is going down, you will not want to sell off because of how determined you are to hold. Sometimes you might be tempted, but your courage will tell you what next you will do.

It is not easy to stay totally off from your asset especially when it comes to do with Bitcoin asset even as you keep accumulating more but you'll have leearn how invest and forget since You're in for a long-term this is the sacrifice you'll have to pay in other to achieve your aim for the investment, this the reason why as a Bitcoin investor in your early days or at first you should really know what you want, when I mean what you want, I mean chosing between long-term investment or short-term so that you won't make it a daily routine to always check the price of Bitcoin, although if you do login into your hodling wallet  to know if your everything is in intact or safe then there's no problem with that as a long-term investor but if you do this to check the price that may sometimes discourage you to discontinue your journey then I think that should be frowned at, though this is my opinion.

[Sticky Bomb]

My few Bitcoin investment done using my leftover and other extra cash in two years ago have yielded enough interest and now I comfortably own my own home through my Bitcoin this is exciting time for all the Bitcoinairs and knowing that after achieving a milestone we still have some Bitcoin waiting for the next big opportunity.

Congratulations man, although I'm seeing this a bit late, I believe it's never too late to send in my congrats. You have proved that holding is profitable. Depending on when you bought in 2023, but comparing with the recent pricing, It is possible to achieve 5x or more on your investments.

What do you mean when you say it drives its own units interest, you mean you got more money in fiat or you've made a good crypto investment that generated more Bitcoins in interests? I wouldn't call unrealized profits from a fiat investment in BTC interests to be honest. Because to realize your gains you need to be able to sell your Bitcoins at the right time, that is to say during a lucky moment when the selling price is above the price you've paid to acquire your Bitcoin, or your break-even point at least.

You surely have missed the point in his post. He meant that no matter the portion of bitcoin you can accumulate, it acquires its own interests in the same ratio as the price increase. This means that if he bought when the price was $20k, and then the price was above $100k which is 5+, his own little investment would also experience a 5x+ interest.  

[GigaBit]

My few Bitcoin investment done using my leftover and other extra cash in two years ago have yielded enough interest and now I comfortably own my own home through my Bitcoin this is exciting time for all the Bitcoinairs and knowing that after achieving a milestone we still have some Bitcoin waiting for the next big opportunity.

To start with, congratulations on your new home. The fact is DCA for bitcoin is so effective that it's actually mind-blowing compared to many other investment options especially if same time span is taken into consideration. You see that 4 year cycle of bitcoin, it's a very effective DCA strategy.

Where some people fail in applying DCA is that they work with FOMO and DCA on the contrary requires consistency and also you need to have the mind of a HODLER and ignore the price movements else you will get scared at some point.

DCAing bitcoin will be totally effective if it’s done with patience and confidence. You trust that there are big potentials waiting ahead so you have to DCA regularly and consistently despite of the price fluctuations that are bound to happen from time to time. When you become unbothered on it, there’s always bigger chances for success and profitability in the end.

Yes, there is no better strategy than DCA to accumulate Bitcoin. Those who want to hold for the long term should definitely try to implement this strategy. Not only will it help the investor hold for the long term, Investors also get the opportunity to hold a large amount of Bitcoin at a relatively low cost. Bitcoin will only become a strength for an investor when he holds Bitcoin for the long term. There are many investors in the world they want to hold Bitcoin but they cannot hold it. They sometimes listen to various rumors. There are some who constantly monitor the news and suffer from lack of direction. In such a situation, it is never possible to hold Bitcoin for the long term. The demand for Bitcoin is increasing worldwide and the interest of institutional investors has increased much more than before, which is why Bitcoin will be more valuable in the future. Everyone who is a long-term holder will get more advantages.

[Tmoonz]

~content removed~

There is no point in checking the price of bitcoin when one has taken it as a habit to start monitoring the price of bitcoin. It is very difficult to invest in bitcoin and make something out of it. An investor who really knows what he or she is doing would never try to always check the price of bitcoin just to monitor it. But the truth is that those who are fond of monitoring the market while investing in bitcoin don't understand bitcoin and are not sure of it; they are only trying to see if they can make a quick profit. Real investors who understand bitcoin and know what they really want don't bother about the market; their main concern is to accumulate and hold bitcoin.

I understand the point that you are making, but do you think it's very easy to invest your hard-earned money, I mean your sweat and earnings, into something and not have a look at it often from time to time? I don't see that as something that's possible even if the money invested in it is relatively small compared to what the person has as a network.

There are days when you will randomly run into crypto news and will want to check your investment to see how it's doing. Even if the price is going down, you will not want to sell off because of how determined you are to hold. Sometimes you might be tempted, but your courage will tell you what next you will do.

I completely agree with you on this just as they say where our treasure is that is where our hearts will be, many usually say that we should buy and forget about it and it is not as easy said than done, perhaps there is nothing wrong getting updates of the price of Bitcoin and that doesn't make you less than an investor provided that the investment plan is for long term and they didn't buy with the money they are supposed to use in sorting out their important living expenses for quick profit maximization, but a part of their discretionary income they are willing to invest over the long term.

[Wiwo]

I completely agree with you on this just as they say where our treasure is that is where our hearts will be, many usually say that we should buy and forget about it and it is not as easy said than done, perhaps there is nothing wrong getting updates of the price of Bitcoin and that doesn't make you less than an investor provided that the investment plan is for long term and they didn't buy with the money they are supposed to use in sorting out their important living expenses for quick profit maximization, but a part of their discretionary income they are willing to invest over the long term.

Most of the time, we lose our assets either to hacker, scammers or simply losing excess to our private storage, this outcome can be traced to lack of follow up with the market and a reflection of the level of disconnection between the investor who just follow the trend of buying Bitcoin and forgetting about it as you stated.

For ultimate goal one need to be actively involved with the market, to know what exactly is happening with the esset market and being able to make decisions that can help safe some situation at times, most especially when one is holding high volitile cryptocurrency assets.

[finaleshot2016]

Congratulations bro! That's very inspiring.

You stayed committed and it brought you home, stories like this keep our motivations high and be more hopeful that's possible with bitcoin. BTC is now at $100k and around $2T mcap, there are still huge hope for those who're trying to invest in BTC right now, if the narrative of digital gold continues and managed to be with Gold ($23T) then a lot of future millionaires will be born too. Of course, for newer investors holding small portions, it might take a bit longer but since Bitcoin is showing its potential, it can turn into something truly life-changing.

[betswift]

Congratulations bro! That's very inspiring.

You stayed committed and it brought you home, stories like this keep our motivations high and be more hopeful that's possible with bitcoin. BTC is now at $100k and around $2T mcap, there are still huge hope for those who're trying to invest in BTC right now, if the narrative of digital gold continues and managed to be with Gold ($23T) then a lot of future millionaires will be born too. Of course, for newer investors holding small portions, it might take a bit longer but since Bitcoin is showing its potential, it can turn into something truly life-changing.

There is never an end to the potential of BTC.

And the faster you start - the better the results would be.

[eisen33]

Most of the time, we lose our assets either to hacker, scammers or simply losing excess to our private storage, this outcome can be traced to lack of follow up with the market and a reflection of the level of disconnection between the investor who just follow the trend of buying Bitcoin and forgetting about it as you stated.

For ultimate goal one need to be actively involved with the market, to know what exactly is happening with the esset market and being able to make decisions that can help safe some situation at times, most especially when one is holding high volitile cryptocurrency assets.

I think that most of the time we do not lose money because of hackers or scammers but because of unsuccessful investments or if someone is doing trading then also because of trading. For example if some beginner decides to invest not in Bitcoin but in an altcoin it does not matter which one I see that all altcoins are performing very badly right now so most likely they will lose money and lose quite a lot. So I believe we lose money most often because of bad investments in crypto.

[Franctoshi]

In the last few years of my active and drastic moves towards Bitcoin, what I have come to understand with Bitcoin is that, no matter how little your portion is, it drives its own units interest and likewise loses if when the Market either go up and down.


My few Bitcoin investment done using my leftover and other extra cash in two years ago have yielded enough interest and now I comfortably own my own home through my Bitcoin this is exciting time for all the Bitcoinairs and knowing that after achieving a milestone we still have some Bitcoin waiting for the next big opportunity.

The very strategic approach towards a successful investment with Bitcoin is long-term and patient, and I bet you with the performances of Bitcoin since creation, it's witnessed that no matter what you have holding in your various portfolios, with time you definitely will someday smile to the bank and tell yourself congrats, and it can only be achieved by being patient with the process even when the Market is not our favour, we should never get panicked.

Congratulations to you on completing your dream house with your investment in Bitcoin and you will get to achieve more if you still follow the same process that produces this result.

[melinoe]

Most of the time, we lose our assets either to hacker, scammers or simply losing excess to our private storage, this outcome can be traced to lack of follow up with the market and a reflection of the level of disconnection between the investor who just follow the trend of buying Bitcoin and forgetting about it as you stated.

For ultimate goal one need to be actively involved with the market, to know what exactly is happening with the esset market and being able to make decisions that can help safe some situation at times, most especially when one is holding high volitile cryptocurrency assets.

I think that most of the time we do not lose money because of hackers or scammers but because of unsuccessful investments or if someone is doing trading then also because of trading. For example if some beginner decides to invest not in Bitcoin but in an altcoin it does not matter which one I see that all altcoins are performing very badly right now so most likely they will lose money and lose quite a lot. So I believe we lose money most often because of bad investments in crypto.

Emotions are the bane of any investment.

The key is to get them into the right direction, so that they wouldn't take the lead in your decision-making.

[Leahized]

I think that most of the time we do not lose money because of hackers or scammers but because of unsuccessful investments or if someone is doing trading then also because of trading. For example if some beginner decides to invest not in Bitcoin but in an altcoin it does not matter which one I see that all altcoins are performing very badly right now so most likely they will lose money and lose quite a lot. So I believe we lose money most often because of bad investments in crypto.

Emotions are the bane of any investment.
The key is to get them into the right direction, so that they wouldn't take the lead in your decision-making.

A few steps should be taken to invest. First you have to select the right coins. Secondly, in the amount of investment in the amount of money you will not have to suffer any harm.  I think Bitcoin is a coin that does not have any risk without doing it. In this case, no technical analysis is needed, only to be patient with patience. However, altcoin has many risk and if invested in a wrong token, you may encounter 50% damage. However, those who are traded in the case of Expert or Altcoin Holder can make the profit if investing according to their advice. However, emotion or conscience applies everything in this regard. This I do not think there will be any harm because people do anything without conscience or emotion.