Bitcoin in the next decade

[cxtreenal]

We do what we think is best for us, our coins, or both.

And making something differently and adjusting the strategy is completely okay.. especially when you see potential in a different road to take regarding investment.

Dude invest in what can works for you over time, at times it's just good for people to stay away from doing things that they feel is good for them. I say this because lot of people have formed the habit of messing around with shitcoin just because they think shitcoin is their best strategy, but isn't that self deception?

Speaking of seeing potential in a different road, where you speaking of shitcoin? Bitcoin is where the potential is, it is the best you can find currently, so invest in Bitcoin with DCa consistently.

Those who have realized in a very short time that shitcoin is a kind of gambling game can withdraw themselves within the control of their losses but those who are greedy will not have to wait long to regret it. There is no need to start with a large amount when you have a strong idea that Bitcoin is the best investment. It is a correct and unselfish advice that you should start accumulation Bitcoin. Shitcoin is like cheating yourself repeatedly because you are involved in gambling for profit where you are in a very risky situation from which the only way out is through large losses.

[Sexylizzy2813]

What are you saying? Have you forgotten that as humans we have what we like how we like it to be done and when we want it to be done. People like it fast and Bitcoin could be that source of quick profit and it can not be at the same time too. Some persons don't mind what others say about them especially when you try to explain how investing in Bitcoin works, all they want is getting the bigger part of it, now see the current amount of Bitcoin or how the market is dropping than it's raising and you think many care about it dropping? No, some are after it going up and that's it, I have a friend that always say anything that doesn't bring profit count him out, so everyone have different thinking and knowledge or should I say different understanding about things they do.

Of course, you can do what you like, even though bitcoin tends to be better as a long term play and not to think about price while you are building up your bitcoin stash.

If you are always thinking in the short term and you are not able to think 10 year plus, then you are likely going continue to struggle to see how you are able to benefit from bitcoin in meaningful ways.

You have a point but it will be hard to impose it on some persons who have already stamped it in their life that nothing will make them go on to hold up to half a year. These things have to do with the mindset and the idea those who introduce Bitcoin to these sets of persons have told them and they keep working on the idea they got from whoever taught them about Bitcoin investment. You're good with Bitcoin, holding stashing and all that but another person can come in to say your knowledge and ideas doesn't bring any profit so he or she won't want to hear anything you saying.

Lizzy dear, investing in Bitcoin is a choice, nobody has the right to impose it on anyone however, if you know the right thing, then do it and what's the right way of investing in Bitcoin if not buying and holding for long-term? The fact that some people are bent on doing things their own way even though they're wrong doesn’t mean such wrong practices should be accepted.
 Remember that a good number of people who visit threads like these are newbies and here to learn so it's best that they're being taught the right things concerning Bitcoin investment so they don't get misled and do things that would make them regret. Moreover, is there anyone you know that's held for long-term and didn't find it profitable?

That's why I said it will be hard and you can't force anybody to do what he or she doesn't want to do, life is a choice but yet again, if you have a friend or a relative that is going about Bitcoin investment the wrong way I don't think you'd sit back and watch the person invest blindly knowing fully well that you have better strategies to make it better, you have to step in and share your own knowledge/ideas about what you feel can help him or her in the crypto space and if after all that the person refuses to listen to the voice of reasoning then you let it be, no much stress.
Sometimes we forget that before anyone comes here to talk about Bitcoin investment or how to learn, they have already been fed with so much about Bitcoin investment weather good or bad ideas, so this can't be the place they get the idea from, let's say this type of thread is the second place they get their information from, newbie or no newbie it happens...and there are people who have held for long and still didn't testify as those who made profit, depending on the individual (we all have our target) and I can't start pointing out who lost and who gained. Don't forget that greed too is the cause of a long term holder to not make profit.

[Joeboy]

That's why I said it will be hard and you can't force anybody to do what he or she doesn't want to do, life is a choice but yet again, if you have a friend or a relative that is going about Bitcoin investment the wrong way I don't think you'd sit back and watch the person invest blindly knowing fully well that you have better strategies to make it better, you have to step in and share your own knowledge/ideas about what you feel can help him or her in the crypto space and if after all that the person refuses to listen to the voice of reasoning then you let it be, no much stress.

To invest in Bitcoin should always be a matter of choice....We are in the currently in the digital age and lots of folks are being fed informations from different angles, some are the real deal, while some are the wrong informations, so if you see someone who is investing based on the wrong information they received, there is no harm advising the person on the right path to follow....Experience is the best teacher, that is why I really don't think that we should be forcing folks on the strategy they should adopt, if they pick the wrong approach, experience will make them understand so better..

Sometimes we forget that before anyone comes here to talk about Bitcoin investment or how to learn, they have already been fed with so much about Bitcoin investment weather good or bad ideas, so this can't be the place they get the idea from, let's say this type of thread is the second place they get their information from, newbie or no newbie it happens...and there are people who have held for long and still didn't testify as those who made profit, depending on the individual (we all have our target) and I can't start pointing out who lost and who gained. Don't forget that greed too is the cause of a long term holder to not make profit.

While on the part in long term holders who didn't testify of any profit, that doesn't mean that long term holding don't work, you said it yourself greed as well as other factor like lack of a long term plan, lack of discipline and whatnot may be responsible for it.... Though there is no certainty of being profitable in Bitcoin, but then am sure that it is better for folks to commit themselves to long term holding, by buying and holding without touching for an interval of 4-10 years...

[Saxonebloomy]

Don't get me wrong, I love to see Bitcoin price rising and adoptions but it's like the reason is rising is flawed. People joining for sometime now are only in it for the potential price increase and care nothing about a decentralized system.

Bitcoin does not require merchants to change their habits there is a growing number of users searching for ways to spend their bitcoin since the price of bitcoin can unpredictably increase or decrease over a short period of time due to its volatility and at this point keeping your savings in bitcoin should not be entertained. If you are not investing with discretionary funds and with long timeframe that should enable you to accumulate much portion in stack then you would be having it wrong.

[JayJuanGee]

There will be differences in investment. You will adjust your investment to your income and expenses but you should not take any action that will soon lead to failure. For example, in the case of Bitcoin investment. You are new but there is a lot to learn about Bitcoin. You should start small. This is a balance. It will not be right to take large investment risks with little knowledge.

You’re on track about this, even though everyone has the right to choose what he thinks is best for him regarding investment, it’s really important to understand and know the right thing before making any decisions by proper research and also the majority of experienced people’s opinions should also be considered and weighed when making any decision regarding investment even though you wouldn’t totally depend on their opinions but you should use your common sense to know what is really right to do.

I always emphasize on knowledge before investing..basically even if you don’t need to know much technical knowledge of Bitcoin, you should know the basics and understand it. The investment journey itself is another lesson, so you should grow slowly and learn new thing about the investment on the way, and for sure if you take large investment with little knowledge..in most scenarios it doesn’t always end right, either you get scammed because you lack proper security knowledge or you have losses because you lack proper risk management.

Part of the justification of getting started in bitcoin as soon as possible is not to necessarily take any kind of large investment from the start.

One of the advantages of DCA and even being able to invest very small amounts in a divisible way into bitcoin is that you don't have to start out by taking a large investment.  You are capable of getting started and assessing the situation, and sure, maybe after you have been assessing the situation and investing $100 per week into bitcoin for several weeks, then maybe after you become more comfortable with the ways to invest in bitcoin and you study bitcoin as well as your finances maybe at some point you might start to consider if you might want to take a larger stake - to the extent that you have additional funds available that you were initially choosing not to put into bitcoin based on your learning and/or investigating into the matter.

[edited out]

That's why I said it will be hard and you can't force anybody to do what he or she doesn't want to do, life is a choice but yet again, if you have a friend or a relative that is going about Bitcoin investment the wrong way I don't think you'd sit back and watch the person invest blindly knowing fully well that you have better strategies to make it better, you have to step in and share your own knowledge/ideas about what you feel can help him or her in the crypto space and if after all that the person refuses to listen to the voice of reasoning then you let it be, no much stress.
Sometimes we forget that before anyone comes here to talk about Bitcoin investment or how to learn, they have already been fed with so much about Bitcoin investment weather good or bad ideas, so this can't be the place they get the idea from,

Of course, you would like to go and brainstorm about bitcoin with "more objective" sources - people who don't know shit about bitcoin, which might be part of the reason that you ongoingly are talking about the downside of bitcoin rather than ongoingly investing in it.

I am not going to believe for one minute that you have been out there buying bitcoin every week since November 2022 like you should have had been while you had been ongoingly whining about bitcoin here with ongoing anticipations of further price drops and/or negative scenarios that might or might not play out.

let's say this type of thread is the second place they get their information from, newbie or no newbie it happens...and there are people who have held for long and still didn't testify as those who made profit, depending on the individual (we all have our target) and I can't start pointing out who lost and who gained. Don't forget that greed too is the cause of a long term holder to not make profit.

The longer that anyone has been in bitcoin and focused on accumuating bitcoin through ongoing buying, then the more in profits that he is likely to be.

Of course, you still don't understand bitcoin as an investment since you are proclaiming the main goal is to make a profit, which surely profits are likely presumed even though bitcoin can also be a hedge and/or an ability to have more options down the road from having had invested in bitcoin and built it up as compared if investment in bitcoin had not taken place.

If you are thinking about bitcoin merely as a trade, you are not as likely to benefit from the compounding value that is likely to playout (even though not guaranteed) after many more doublings in the future and without diluting the holdings by ongoingly cashing out of it.

Historically there are no making things up in terms of showing scenarios in which guys have profited stupendously by ongoingly building up their bitcoin holdings through buying and not by trading, or selling or waiting.

At the same time, you are free to do what you like in terms of the level of your aggressiveness or whimpiness in regards to your bitcoin stake and the presumptive strengthening of your cashflow management systems/practices along the side of your building of your bitcoin investment.

How many years would you like to go back to see how any investor might have had done?

I will concede to you that sometimes within the short term and even within a short term period, the results of investing in bitcoin can be more ambiguous, which is part of the justification that guys should attempt to at least ongoingly buy bitcoin for 4 years before assessing the extent to which they might want to modify their bitcoin accumulation/investment approach.. and of course, if guys are able to front load their investment beyond merely their regular income, then they might be able to speed up the bitcoin accumulation process, even though I personally consider that it is likely necessary for even guys who are able to front load their bitcoin investment to spend 4 years accumulating bitcoin before reassessing where they are at and considering the possibility that they have graduated out of their accumulation phase.

Don't get me wrong, I love to see Bitcoin price rising and adoptions but it's like the reason is rising is flawed. People joining for sometime now are only in it for the potential price increase and care nothing about a decentralized system.

Bitcoin does not require merchants to change their habits there is a growing number of users searching for ways to spend their bitcoin since the price of bitcoin can unpredictably increase or decrease over a short period of time due to its volatility and at this point keeping your savings in bitcoin should not be entertained. If you are not investing with discretionary funds and with long timeframe that should enable you to accumulate much portion in stack then you would be having it wrong.

You are suggesting to ongoingly invest in bitcoin and build up your stack, yet at the same time, you think that there might be issues withy abilities to transact with bitcoin based on volatility?

Do you know much about bitcoin?  You are pretty new here.

Bitcoin's value comes from somewhere, and presumptively you are ongoingly investing in bitcoin because you believe bitcoin is going to go up in value/price.  From where do you think bitcoin's value/price comes?

[Son Of Blockchain (SOB)]

That's why I said it will be hard and you can't force anybody to do what he or she doesn't want to do, life is a choice but yet again, if you have a friend or a relative that is going about Bitcoin investment the wrong way I don't think you'd sit back and watch the person invest blindly knowing fully well that you have better strategies to make it better, you have to step in and share your own knowledge/ideas about what you feel can help him or her in the crypto space and if after all that the person refuses to listen to the voice of reasoning then you let it be, no much stress.
Sometimes we forget that before anyone comes here to talk about Bitcoin investment or how to learn, they have already been fed with so much about Bitcoin investment weather good or bad ideas, so this can't be the place they get the idea from, let's say this type of thread is the second place they get their information from, newbie or no newbie it happens...and there are people who have held for long and still didn't testify as those who made profit, depending on the individual (we all have our target) and I can't start pointing out who lost and who gained. Don't forget that greed too is the cause of a long term holder to not make profit.

What you don't understand is that Satoshi didn't talk about Bitcoin being an investment option but his idea of making it limited directed it towards that path, that's why it's value increase over time, which is because it's scares. What's the best way of adding value to a scarce commodity if not holding on to it?
 That's why those who invest for a short-term interval or borrow ideas from traders are wrong and there's no two ways about it, the least people who understand what Bitcoin investment is all about could do is correct those with the trader mentality and it's left for them to take corrections or continue with their wrong ways of investing. Also, i don't see how someone who holds for long-term should be termed a greedy person because the more he holds the more profits he makes as Bitcoin grows overtime.

[JiiBs]

What you don't understand is that Satoshi didn't talk about Bitcoin being an investment option but his idea of making it limited directed it towards that path, that's why it's value increase over time, which is because it's scares. What's the best way of adding value to a scarce commodity if not holding on to it?
 That's why those who invest for a short-term interval or borrow ideas from traders are wrong and there's no two ways about it, the least people who understand what Bitcoin investment is all about could do is correct those with the trader mentality and it's left for them to take corrections or continue with their wrong ways of investing. Also, i don't see how someone who holds for long-term should be termed a greedy person because the more he holds the more profits he makes as Bitcoin grows overtime.

It’s not unusual that certain inventions always chart their own path towards making it the more greater, even better than the plan of the founder. It takes a life of its own and Bitcoin being currency without boundaries, a currency that transcends every authority there is as, even in places of bans, it still preserves and exists based on the will of its investors, ready to use every means to accumulate the ever increasing Bitcoin. The increase in price is just a necessary adjustment in order for Bitcoin to serve on a global term and in a decade, today’s price would look like a dip.

[MarjorieZimmermanGinger]

It’s not unusual that certain inventions always chart their own path towards making it the more greater, even better than the plan of the founder. It takes a life of its own and Bitcoin being currency without boundaries, a currency that transcends every authority there is as, even in places of bans, it still preserves and exists based on the will of its investors, ready to use every means to accumulate the ever increasing Bitcoin. The increase in price is just a necessary adjustment in order for Bitcoin to serve on a global term and in a decade, today’s price would look like a dip.

Bitcoin's progress has been historically proven as this asset can operate without the full support of governments or special authorities that can foster growth. Instead, Bitcoin has thrived despite initial opposition. Over the past decade, we've seen Bitcoin grow significantly, and it continues to exist despite restrictions in some countries. This is now evident as many countries are considering Bitcoin as their reserve asset. Its global functionality should already be in place, albeit indirectly as cross-border transactions can be conducted by anyone in different countries. Likewise, regarding investments carried out using long-term or short-term concepts, both methods are also capable of providing commensurate returns, although long-term is still a more profitable strategy.

[PhilosopherKing]

.

Don't get me wrong, I love to see Bitcoin price rising and adoptions but it's like the reason is rising is flawed. People joining for sometime now are only in it for the potential price increase and care nothing about a decentralized system.

Bitcoin does not require merchants to change their habits there is a growing number of users searching for ways to spend their bitcoin since the price of bitcoin can unpredictably increase or decrease over a short period of time due to its volatility and at this point keeping your savings in bitcoin should not be entertained. If you are not investing with discretionary funds and with long timeframe that should enable you to accumulate much portion in stack then you would be having it wrong.

You are suggesting to ongoingly invest in bitcoin and build up your stack, yet at the same time, you think that there might be issues withy abilities to transact with bitcoin based on volatility?

Do you know much about bitcoin?  You are pretty new here.

Bitcoin's value comes from somewhere, and presumptively you are ongoingly investing in bitcoin because you believe bitcoin is going to go up in value/price.  From where do you think bitcoin's value/price comes?

Saxonebloomy had a confused thinking as he was talking from both side of his mouth. He thought that the usefulness of Bitcoin can somehow be broken down because of volatility but he is wrong there.

Volatility is a sign that  Bitcoin is still profitable and that lot of people and institutions are actively buying, holding, selling.

It is total nonsense for people to expect bitcoin to behave like a stable currency while at the same time hoping it gets value. People like Saxonebloomy somehow didn't know that the value of bitcoin comes off from it volatility.

[UpTober]

There will be differences in investment. You will adjust your investment to your income and expenses but you should not take any action that will soon lead to failure. For example, in the case of Bitcoin investment. You are new but there is a lot to learn about Bitcoin. You should start small. This is a balance. It will not be right to take large investment risks with little knowledge.

You’re on track about this, even though everyone has the right to choose what he thinks is best for him regarding investment, it’s really important to understand and know the right thing before making any decisions by proper research and also the majority of experienced people’s opinions should also be considered and weighed when making any decision regarding investment even though you wouldn’t totally depend on their opinions but you should use your common sense to know what is really right to do.

I always emphasize on knowledge before investing..basically even if you don’t need to know much technical knowledge of Bitcoin, you should know the basics and understand it. The investment journey itself is another lesson, so you should grow slowly and learn new thing about the investment on the way, and for sure if you take large investment with little knowledge..in most scenarios it doesn’t always end right, either you get scammed because you lack proper security knowledge or you have losses because you lack proper risk management.

Part of the justification of getting started in bitcoin as soon as possible is not to necessarily take any kind of large investment from the start.

One of the advantages of DCA and even being able to invest very small amounts in a divisible way into bitcoin is that you don't have to start out by taking a large investment.  You are capable of getting started and assessing the situation, and sure, maybe after you have been assessing the situation and investing $100 per week into bitcoin for several weeks, then maybe after you become more comfortable with the ways to invest in bitcoin and you study bitcoin as well as your finances maybe at some point you might start to consider if you might want to take a larger stake - to the extent that you have additional funds available that you were initially choosing not to put into bitcoin based on your learning and/or investigating into the matter.

Many new investors have the misconception that investing means pooling a lot of money and buying Bitcoin at the same time with all the money. However, DCA investment will change this whole concept of a new investor. In the DCA investment method, an investor can continue investing little by little, and here the investors do not have to take any extra pressure. In the DCA investment method, an investor understands his situation but has the ability to make decisions, which makes it much easier for him to invest continuously. Where others wait for the perfect time to invest, in the DCA investment method, no investment opportunity is missed due to continuous investment.

The longer that anyone has been in bitcoin and focused on accumuating bitcoin through ongoing buying, then the more in profits that he is likely to be.

Of course, you still don't understand bitcoin as an investment since you are proclaiming the main goal is to make a profit, which surely profits are likely presumed even though bitcoin can also be a hedge and/or an ability to have more options down the road from having had invested in bitcoin and built it up as compared if investment in bitcoin had not taken place.

In the comments of those who have invested for a long time in the past, it is clear that the possibility of profit increases if you hold it for a long time, but do investors invest in Bitcoin only for profit? Profit is not the only objective of investors, but many invest in Bitcoin as an alternative means of protecting their money. In the last few years, we have seen that the value of the dollar has increased, while the value of the local currencies of various countries has decreased, so the value of the money of those who have kept money in the bank has decreased a lot. On the contrary, those who have invested in Bitcoin without keeping money in the bank have benefited from their investment, but they have not had to worry about the decrease in the value of fiat.

Price should never be the main issue for investors, but the main issue for investors should be how long they have been investing, how consistent they are in their investment, and how long they will continue to invest in the future. If an investor were to invest only for profit, he would never be able to hold his investment for a long time because when he could see some profit, that profit would affect him, as a result of which he would sell his investment in that short period of time.

If you are thinking about bitcoin merely as a trade, you are not as likely to benefit from the compounding value that is likely to playout (even though not guaranteed) after many more doublings in the future and without diluting the holdings by ongoingly cashing out of it.

Historically there are no making things up in terms of showing scenarios in which guys have profited stupendously by ongoingly building up their bitcoin holdings through buying and not by trading, or selling or waiting.

If the focus is only on increasing the investment, then the total investment amount will never decrease, but if there is such a thought that I have invested enough and if I sell something from here, it will not have a bad effect on my investment, such a thought is wrong and due to such a thought, the investment becomes irregular and the investment falls into uncertainty. An investor should remember that as long as he is able to continue investing consistently and maintain the investment, he is successful, but when he sells the minimum amount, he will move far away from long-term investment.

At the same time, you are free to do what you like in terms of the level of your aggressiveness or whimpiness in regards to your bitcoin stake and the presumptive strengthening of your cashflow management systems/practices along the side of your building of your bitcoin investment.

How many years would you like to go back to see how any investor might have had done?

An investor can invest aggressively based on his income, while another person can continue to invest slowly based on his income, but this is never the main thing. The main thing is whether the investors are investing based on their income in a long-term plan and whether they are able to do it consistently. If someone has the ability to invest slowly, then he should do so because whenever he goes to do something extra, he will have investment pressure and he will not be able to continue investing for a long time with his profession. On the other hand, if someone has the ability to invest more and invest heavily, then he should focus on that because he is able to do that.
Investors should focus on their cash flow as well as buying so that they do not have to sell later.

[abaeze]

At the same time, you are free to do what you like in terms of the level of your aggressiveness or whimpiness in regards to your bitcoin stake and the presumptive strengthening of your cashflow management systems/practices along the side of your building of your bitcoin investment.

How many years would you like to go back to see how any investor might have had done?

An investor can invest aggressively based on his income, while another person can continue to invest slowly based on his income, but this is never the main thing. The main thing is whether the investors are investing based on their income in a long-term plan and whether they are able to do it consistently. If someone has the ability to invest slowly, then he should do so because whenever he goes to do something extra, he will have investment pressure and he will not be able to continue investing for a long time with his profession. On the other hand, if someone has the ability to invest more and invest heavily, then he should focus on that because he is able to do that.
Investors should focus on their cash flow as well as buying so that they do not have to sell later.

The biggest thing in investment is that if you go beyond your capabilities, there will be problems. So, hire according to your capabilities. Investing slowly according to your capabilities is also a good method, and if someone has more capabilities, it is also okay to invest more quickly. The biggest obstacle in investment is consistency, not everyone can maintain consistency. Only those who can continue to make small investments consistently can enjoy the benefits of investment. There is no alternative to consistency if you want to be successful in investment.

[Joeboy]

If the focus is only on increasing the investment, then the total investment amount will never decrease, but if there is such a thought that I have invested enough and if I sell something from here, it will not have a bad effect on my investment, such a thought is wrong and due to such a thought, the investment becomes irregular and the investment falls into uncertainty. An investor should remember that as long as he is able to continue investing consistently and maintain the investment, he is successful, but when he sells the minimum amount, he will move far away from long-term investment.

There is something called Investment Timeline, the best timeline for accumulating and holding Bitcoin may span from 4-10yrs and above. After meeting and even exceeding that timeline, some folks may feel that they must have reach their target and from there he can decide what to do next even if they plan to sell some portion of it, which of course isn't bad since the investor has already reached his investment timeline...What is is actually wrong is when folks sell while they are still in their accumulation phase, because such practices will breaks their consistency and their plan. But once their accumulation target/ timeline is accomplished, selling some portion of Bitcoin and using it to diversify/ strengthen your backup isn't a bad decision...

[Olatundespo]

At the same time, you are free to do what you like in terms of the level of your aggressiveness or whimpiness in regards to your bitcoin stake and the presumptive strengthening of your cashflow management systems/practices along the side of your building of your bitcoin investment.

How many years would you like to go back to see how any investor might have had done?

An investor can invest aggressively based on his income, while another person can continue to invest slowly based on his income, but this is never the main thing. The main thing is whether the investors are investing based on their income in a long-term plan and whether they are able to do it consistently. If someone has the ability to invest slowly, then he should do so because whenever he goes to do something extra, he will have investment pressure and he will not be able to continue investing for a long time with his profession. On the other hand, if someone has the ability to invest more and invest heavily, then he should focus on that because he is able to do that.
Investors should focus on their cash flow as well as buying so that they do not have to sell later.

The biggest thing in investment is that if you go beyond your capabilities, there will be problems. So, hire according to your capabilities. Investing slowly according to your capabilities is also a good method, and if someone has more capabilities, it is also okay to invest more quickly. The biggest obstacle in investment is consistency, not everyone can maintain consistency. Only those who can continue to make small investments consistently can enjoy the benefits of investment. There is no alternative to consistency if you want to be successful in investment.

Although small in size, consistency in Bitcoin investment can put you in a good position to invest. It is good to be within your means but your experience prepares you to take on challenges at some great moments in the market. You evaluate the current Bitcoin it is going through a DIP period although I would say a price correction is going on. At this stage, investors who can add units along with consistent DCA can expect adequate returns as a reward. Many investors may feel that not taking risks in the current price situation of Bitcoin may be risky for someone.

[UmerIdrees]

Those who have realized in a very short time that shitcoin is a kind of gambling game can withdraw themselves within the control of their losses but those who are greedy will not have to wait long to regret it. There is no need to start with a large amount when you have a strong idea that Bitcoin is the best investment. It is a correct and unselfish advice that you should start accumulation Bitcoin. Shitcoin is like cheating yourself repeatedly because you are involved in gambling for profit where you are in a very risky situation from which the only way out is through large losses.

It is only bitcoin and maybe a few other altcoins like ETH or SOL that we may see them trading even after a decade. Most of the cryptocurrencies will just fade away and be gone forever even if they are currently in the top 10 or top 20 altcoins. Examples include LUNA, etc.

If anyone wants to invest for long term, it should be only bitcoin. It is not only the bitcoin will survive all these years but also the returns on bitcoin will be highest as compared to other altcoins and we have seen this recently in the last year where people kept waiting for alt run but it never come, however BTC still gave much better returns.

[Proty]

If the focus is only on increasing the investment, then the total investment amount will never decrease, but if there is such a thought that I have invested enough and if I sell something from here, it will not have a bad effect on my investment, such a thought is wrong and due to such a thought, the investment becomes irregular and the investment falls into uncertainty. An investor should remember that as long as he is able to continue investing consistently and maintain the investment, he is successful, but when he sells the minimum amount, he will move far away from long-term investment.

There is something called Investment Timeline, the best timeline for accumulating and holding Bitcoin may span from 4-10yrs and above. After meeting and even exceeding that timeline, some folks may feel that they must have reach their target and from there he can decide what to do next even if they plan to sell some portion of it, which of course isn't bad since the investor has already reached his investment timeline...What is is actually wrong is when folks sell while they are still in their accumulation phase, because such practices will breaks their consistency and their plan. But once their accumulation target/ timeline is accomplished, selling some portion of Bitcoin and using it to diversify/ strengthen your backup isn't a bad decision...

I believe all investors should have a plan, this should include the amount of bitcoin they plan to accumulate and how long they plan to hold.  You are right,All long term investors should have an investment timeline. With this they will know when they are to sell and this will also help then not to be persuaded into selling before there anticipated timeline.
Selling bitcoin during the accumulation phase isn't a good idea, at the stage the focus should be on continuous accumulation of bitcoin.

[Tmoonz]

If the focus is only on increasing the investment, then the total investment amount will never decrease, but if there is such a thought that I have invested enough and if I sell something from here, it will not have a bad effect on my investment, such a thought is wrong and due to such a thought, the investment becomes irregular and the investment falls into uncertainty. An investor should remember that as long as he is able to continue investing consistently and maintain the investment, he is successful, but when he sells the minimum amount, he will move far away from long-term investment.

There is something called Investment Timeline, the best timeline for accumulating and holding Bitcoin may span from 4-10yrs and above. After meeting and even exceeding that timeline, some folks may feel that they must have reach their target and from there he can decide what to do next even if they plan to sell some portion of it, which of course isn't bad since the investor has already reached his investment timeline...What is is actually wrong is when folks sell while they are still in their accumulation phase, because such practices will breaks their consistency and their plan. But once their accumulation target/ timeline is accomplished, selling some portion of Bitcoin and using it to diversify/ strengthen your backup isn't a bad decision...

I believe all investors should have a plan, this should include the amount of bitcoin they plan to accumulate and how long they plan to hold.  You are right,All long term investors should have an investment timeline. With this they will know when they are to sell and this will also help then not to be persuaded into selling before there anticipated timeline.
Selling bitcoin during the accumulation phase isn't a good idea, at the stage the focus should be on continuous accumulation of bitcoin.

There is nothing wrong having an investment timeline but I would say that expectations should be lower as not to be disappointed if it happens that your investment is not in profits or not as in profits that you wanted your investment to be within your expected investment timeline, no one knows for sure or certain about what will become of bitcoin at whatever timeline of an investor , there should be a different between hitting your investment timeline and time of which you could consider selling some portion of your Bitcoin because you can hit your investment timeline and might not likely want to sell because of the level of profits that you are.

[Antona]

It would be appreciated if your views are given without being influenced by others considered reputable
I want to understand what people individually feel about this. Thank you.

Okay you can take it as a pessimistic POV but ever since the interest by government and institutions I feel we are losing on decentralization and privacy.
Don't get me wrong, I love to see Bitcoin price rising and adoptions but it's like the reason is rising is flawed. People joining for sometime now are only in it for the potential price increase and care nothing about a decentralized system.

It's subtle but it's happening, checked X during the exch shutdown and I saw many branding people that push for privacy as scammers. They were the majority.

We thought with all this news and mainstream many could learn about Bitcoin but no they barely know a thing.
We are compromising and giving excuse that it wouldn't get worse like the rise of KYC compliant exchanges or ETF approvals. But compromise is the first step before full acceptance.

Humans are political animals as they say, as long as there are group of people there must be politics. I'm sure this isn't different in the developers community.

Would government fold their hands and not try to make devs push a protocol that would favour them? I doubt, I understand we have miners and full nodes for checks and the open source process and peer review make covert protocol changes difficult. But we can't deny that Dev still have some influence (I used them as example since they are smaller in numbers).


I know we survived without government support and can survive without it but What are your thoughts on the direction we heading?

its a hard one to be fair with so many questions without ever knowing the answer. a decade is a long time will it even be around or would it be booming? absolutely humans see money and they find a way to get themselves involved even if it isn't for the long term. i see Bitcoin as an investment influence by the global tensions. as soon as the going get tough people start running that the way were built. the world without government's would be a very different place but in all honesty would it be a better place?