Bitcoin in the next decade

[Ivystar5]

Those who want to escape poverty need to work harder, put in more effort than the average person, and have a smart strategy. Relying solely on Bitcoin to escape poverty is very difficult, because Bitcoin is not a get rich quick scheme.

If a poor man has his discretionary income to be as little as $10, he can start his bitcoin investment with DCA  at least it's better than nothing provided he is a long-term investor and will continue buying weekly overtime. I believe in ten years time his financial status will upgrade and will be better than someone who was in the same financial state with him years ago without investing into bitcoin.

However, the investor can work on improving his discretionary income after he has been motivated with the price movement of bitcoin and feel he needs to buy more above $10. He can learn an additional skill or get a second job so that he can earn more and increase the money that he's using to DCA since his discretionary income will increase after he gets a second means of income.

I wouldn't think said 10 dollars would change his status even in the long run.. I would think it a different way - such person should do everything to put more into BTC weekly / monthly in order for it to bring results in 1-2-3 cycles.

Getting the right skills, networking, and a job that would allow you to spare much more funds for investing without risk of needing to turn your BTC back into fiat due to the needs that may arise.

As simple as that, I don't know where people have got the mentality that since they are putting peanuts into bitcoin they automatically will have some kind of profit that can change lives.

Bitcoin through can change a lot of lives if only you already had a life that is able to change, maybe bitcoin profits from investment facilitates it, if you put a good amount of money, like having a good job which would have paid you huge when you do your retirement plan but then you put the retirement plan into bitcoin too that only helps you to maximise the profit, if not that you aren't going no where with 10$ like people overexeggerate things in bitcoin investment.

[JayJuanGee]

Yes the rich got more advantage since they have more liquidity and constant supply of funds for their discretion but that shouldn't discourage poor people make them feel they're not in a good position to invest in Bitcoin. The thing is that some poor people lack patience and that's were their problem is, they want quick money and can't be patient enough to start small, maintain consistency and grow with time.
Some poor people even make the mistake of waiting till they get a better job or earn higher income before they start, I consider it a wrong step given that they could miss lots of buying opportunities before they could get the preferred amount they feel they could start with. There's no harm in start small then increase the amount of discretionary they wish to invest with as time goes.

Rich folks have enormous flow of discretionary income compared to poor peoples,which is an advantage these rich folks have that the poor Lacks. The rich folks have the leverage of accumulating bitcoin faster dued to there financial capabilities of investing larger amounts of discretionary income in bitcoin but poor folks shouldn't be discouraged because of that.

The mistake most Poor people often make is that there are afraid of starting small  which is wrong. They want to start investing big in bitcoin. If they start waiting to invest big in bitcoin they might miss lots of good buying opportunities that could've been utilize to grow their bitcoin portfolio. The notion of waiting for the perfect time to invest is a bad idea,they shouldn't be afraid of starting small. They should focus on investing the little discretionary income that is available, maintain consistent for two cycles while they work on increasing there income they will grow over time

Yep.. even though poor people are disadvantaged they should not be discouraged or go down the road of gambling rather than investing.

Like you mentioned, poor people might get into a mindset that they have to be more strategic and buy on dips, and then they end up engaging  in gambling on prices going down and in a wrong mindset as compared to if they focused on ongoingly stacking bitcoin no matter the price and otherwise striving to maintain their cashflow i order to slowly put themselves in a better and better position, even though it may well take several years and even perhaps figuring out ways to increase discretionary funds.. so they can invest more and also so that their cashflow management is backed up by actual cash..

Presently it has been more of an open field for institutional investors cause the price of bitcoin is still affordable for institutions. It still not an excuse to steer to shitcoins for their cheapness.

You sound distracted.

The fact that institutions, governments and/or status quo rich folks are recently seeming to buy more bitcoin should give some hints that ongoing buying of bitcoin might be a good idea rather than being worried about whether the BTC price might drop, when it might not.    

Even if newbie bitcoiners might have trouble figuring out ways to establish a 4-10 year or longer investment timeline (and most cases more than 10 years unless you have age and/or health issues that interfere with that), they likely need to get started and to figure out that it is likely that they are investing in bitcoin for 10 years or longer.  But hey whatever, newbies are free to wait and to get distracted by ideas the BTC price might drop, when it might not.

Pardon my distraction.

But the presence of the governments, large institutions and wealthy guys driving up price, it can drown the minds of normies whose basic knowledge and confident of bitcoin is shallow. Although if they can just start and be focused on personal approach with what they have and not have themselves caught in external distractions  then they can come to a convenient timeline in the process already started.

The various battles around bitcoin are likely going to continue, so there is an advantage to stay focused on your own ongoing stacking, even if you might monitor bitcoin at the same time.  Sure, maybe you have certain kinds of work that you do and how you spend your days to earn money... and at the same time, you can still dedicate a certain amount of time learning about bitcoin and learning about your own cashflows...

Historically there have been a lot of distractions related to bitcoin, and I doubt that the potential distractions into the future are going to go away.. .So if you are figuring out how much you can invest into bitcoin and how much you are going to keep in your back up funds.. and yeah, hopefully with the passage of time all of those continue to grow, even though the dollar value of the bitcoin might go up and down, but if you are striving for a 4-10 year or longer investment timeline, there are good chances that ongoing focus and doing what you can to increase your discretionary funds, you will be better off for involving yourself in bitocin as compared if you had not done so.

You don't need a wealth of knowledge to get started investing in bitcoin.  All you need is some common sense and discretionary funds, and you can get started investing in bitcoin.

If you have common sense, then you know that you adjust your investment size to your knowledge level and if you don't have a lot of knowledge, then you likely would decide to start out investing with a small amount, and ONLY increase your amount invested (whether weekly or otherwise) as your comfort level increases.

People usually get lost wondering if they can begin bitcoin with the small income they have or if they could wait for a bigger money. They become lost in their own thought.

But with common sense they are informed  of how dumb it is to sit there asses doing nothing. Common sense makes people to see benefits in begining bitcoin even with the amount that is on ground and increase as they go. So you are right Mister Jay, common sense is imperative just as  having your discretionary income is.

Sometimes common sense might mean that a guy identifies that he needs to get better at math.. so then he might spend sometimes organizing and going over his various numbers and making sure that he understands his own numbers. 

Common sense might also tell a guy who is new to investing into bitcoin  that it is good to get started right away, yet since the guy is still uncomfortable with bitcoin, he is going to start with investing only $30 per week rather than $100 per week until he starts to get more comfortable and spend time learning the areas that he needs to learn that also include getting better acquainted with his own cashflows, which are all the kinds of skills and practices that anyone can learn as long as figures out some time to learn them and to practice to verify his levels..

So, maybe after 3 weeks he increases to $40 per week, then after 6 weeks he increases to $55 per week, and then after 12 weeks he increases to $75 per week, and then maybe after 29 weeks, he ends up feeling like he can increase to $125 per week.

The adjustments go along with the changes in the comfort level and also making sure that the levels are comfortable with the cashflows and the discretionary income and perhaps the building up of back up funds to the extent that the backup funds might not have had been enough in the beginning.

Common sense might tell him to look into each of his 9 individual factors, even though he knows that he does not need to know them all in the beginning and he knows that the 9 individual factors are factors that change from time to time, and they might need to be reviewed at certain reasonable points in time to help to determine if any tweaks in what he is doing is justified....and there are ONLY so many hours in the day, so maybe the first 6-10 weeks the newbie decides that he is going to spend 2-4 hours 2 or three times per week researching further into bitcoin or putting together information regarding his own circumstances and/or changes of goals that he might have... that might even include a plan to take a course to gain some skills in order to increase his chances of promotion or cross training into another area. 

What to do for each person is likely different, since some guys will have stronger skills in certain areas and weaker skills in other areas, so they might figure out which things they need to learn first and maybe determine that their knowledge is high enough in other areas.

[SilverCryptoBullet]

Yep.. even though poor people are disadvantaged they should not be discouraged or go down the road of gambling rather than investing.

Nothing is risk-free, and it's just more or less risk between different things we choose and take action in our lives. Among investing, trading and gambling, in risk hierrachy, gambling is most dangerous, next one is trading and the less risky one is investment.

With investment, risk levels are different by differences in quality of assets or projects you invest you moneny in. Among many cryptocurrencies have ever been created so far and will be created more in the future, Bitcoin has grown up very strongly since 2009 and it has successfully maintained its strength as a strongest and best cryptocurrency for investors. Even if they are traders with whatever trading types from Spot to Margin and Futures, Bitcoin is a safest asset for trading. It's because Bitcoin has managed to recover very well from bear markets, and has always made its new all time high in every new market cycle so far. Altcoins are differently and many of them simply died with time and cycles so if investment is in altcoins, it's more dangerous than Bitcoin investments.

If people choose shitcoins, it's more like gambling and no longer a good investment.

How many cryptocurrencies failed?

[iBaba]

Yep.. even though poor people are disadvantaged they should not be discouraged or go down the road of gambling rather than investing.

Nothing is risk-free, and it's just more or less risk between different things we choose and take action in our lives. Among investing, trading and gambling, in risk hierrachy, gambling is most dangerous, next one is trading and the less risky one is investment.

With investment, risk levels are different by differences in quality of assets or projects you invest you moneny in. Among many cryptocurrencies have ever been created so far and will be created more in the future, Bitcoin has grown up very strongly since 2009 and it has successfully maintained its strength as a strongest and best cryptocurrency for investors. Even if they are traders with whatever trading types from Spot to Margin and Futures, Bitcoin is a safest asset for trading. It's because Bitcoin has managed to recover very well from bear markets, and has always made its new all time high in every new market cycle so far. Altcoins are differently and many of them simply died with time and cycles so if investment is in altcoins, it's more dangerous than Bitcoin investments.

If people choose shitcoins, it's more like gambling and no longer a good investment.

How many cryptocurrencies failed?

In fact when you want to break it down into details, you will want to look at the risks attached to each of the class of choices you made. What I mean is, if you are gambling which you refers to the most dangerous and riskier, you can also choose whether you want to participate in the less risky type of gambling than the more riskier one. For instance, casino games such as video poker and blackjack are said to have higher chances of winning than other types of casino games. Sport gambling among a top tier team and a weak team is said to be less riskier to when you bet against two strong teams with equal chances of winning and so on.

In trading, which you classified as the second most risky after gambling in the three classes you mentioned, the spots trading is believed to be generally less risky than the features or perpetual trading, when you spot trade and you understand clearly what you are trading, you ahabr higher chances of winning than when you engage in features trading despite your knowledge in them. But knowledge is also key at this level including other classes too because with the right knowledge, you might casually go into the more riskier one and make some good profits then return back to the less risky one as usual.

In investments, it is also the same, it is important to understand that despite it being the least risky option to venture into among the three classes mentioned, you also have option of investing using the DCA approach or the lump sum, where the DCA approach is known to be less riskier than the other especially when you have meagre resources to invest and still want to be on the safer side. But like I mentioned, gaining the right knowledge is the safest action to take because it gives you the proper understanding you require to even make the right decision in the first place.

[JayJuanGee]

[edited out]

As simple as that, I don't know where people have got the mentality that since they are putting peanuts into bitcoin they automatically will have some kind of profit that can change lives.

Bitcoin through can change a lot of lives if only you already had a life that is able to change, maybe bitcoin profits from investment facilitates it, if you put a good amount of money, like having a good job which would have paid you huge when you do your retirement plan but then you put the retirement plan into bitcoin too that only helps you to maximise the profit, if not that you aren't going no where with 10$ like people overexeggerate things in bitcoin investment.

Of course, the smaller amount that people put into bitcoin, then it might be harder to show significant profits in the future, yet guys can really only invest as much as they can, and sometimes investing conservatively will help them to manage their finances better and to balance their discretionary consumption, investment and savings.

Sometimes folks will invest way less than what they are capable of doing, which it part of the reason that I frequently suggest that guys should invest as much into bitcoin as they can without overdoing it... so yeah.. they do have to be careful not to over do it, and for both financial and psychological reasons, they still do have to balance their discretionary investment with their discretionary savings and their discretionary consumption.

Yep.. even though poor people are disadvantaged they should not be discouraged or go down the road of gambling rather than investing.

Nothing is risk-free, and it's just more or less risk between different things we choose and take action in our lives. Among investing, trading and gambling, in risk hierrachy, gambling is most dangerous, next one is trading and the less risky one is investment.

With investment, risk levels are different by differences in quality of assets or projects you invest you moneny in. Among many cryptocurrencies have ever been created so far and will be created more in the future, Bitcoin has grown up very strongly since 2009 and it has successfully maintained its strength as a strongest and best cryptocurrency for investors. Even if they are traders with whatever trading types from Spot to Margin and Futures, Bitcoin is a safest asset for trading. It's because Bitcoin has managed to recover very well from bear markets, and has always made its new all time high in every new market cycle so far. Altcoins are differently and many of them simply died with time and cycles so if investment is in altcoins, it's more dangerous than Bitcoin investments.

If people choose shitcoins, it's more like gambling and no longer a good investment.
How many cryptocurrencies failed?

In fact when you want to break it down into details, you will want to look at the risks attached to each of the class of choices you made. What I mean is, if you are gambling which you refers to the most dangerous and riskier, you can also choose whether you want to participate in the less risky type of gambling than the more riskier one. For instance, casino games such as video poker and blackjack are said to have higher chances of winning than other types of casino games. Sport gambling among a top tier team and a weak team is said to be less riskier to when you bet against two strong teams with equal chances of winning and so on.

In trading, which you classified as the second most risky after gambling in the three classes you mentioned, the spots trading is believed to be generally less risky than the features or perpetual trading, when you spot trade and you understand clearly what you are trading, you ahabr higher chances of winning than when you engage in features trading despite your knowledge in them. But knowledge is also key at this level including other classes too because with the right knowledge, you might casually go into the more riskier one and make some good profits then return back to the less risky one as usual.

In investments, it is also the same, it is important to understand that despite it being the least risky option to venture into among the three classes mentioned, you also have option of investing using the DCA approach or the lump sum, where the DCA approach is known to be less riskier than the other especially when you have meagre resources to invest and still want to be on the safer side. But like I mentioned, gaining the right knowledge is the safest action to take because it gives you the proper understanding you require to even make the right decision in the first place.

I think that you got the point that I was trying to make iBaba.  Even if any of us might be trying to take prudent measures in our investing and we even balance out what we are doing, there could be times where we are tempted into behaviors that might become too risky and then we cross over lines that move us into gambling more than investing because we are taking too many chances and  perhaps investing too much into bitcoin and/or not keeping/maintaining enough emergency funds or maybe deciding to dip into our backup funds to buy the dip or to make some other purchase that could wait until we have enough money.  We might not even realize that we crossed over certain lines until it had become too late to correct, and frequently we will wish that our mistakes were not so BIG that we were greatly damaged financially, yet we might have gotten pushed into extra stress making sure that we did not run out of money until our next paycheck arrived.

[colinistheman]

Nothing is risk-free, and it's just more or less risk between different things we choose and take action in our lives. Among investing, trading and gambling, in risk hierrachy, gambling is most dangerous, next one is trading and the less risky one is investment.

With investment, risk levels are different by differences in quality of assets or projects you invest you moneny in. Among many cryptocurrencies have ever been created so far and will be created more in the future, Bitcoin has grown up very strongly since 2009 and it has successfully maintained its strength as a strongest and best cryptocurrency for investors. Even if they are traders with whatever trading types from Spot to Margin and Futures, Bitcoin is a safest asset for trading. It's because Bitcoin has managed to recover very well from bear markets, and has always made its new all time high in every new market cycle so far. Altcoins are differently and many of them simply died with time and cycles so if investment is in altcoins, it's more dangerous than Bitcoin investments.

If people choose shitcoins, it's more like gambling and no longer a good investment.

How many cryptocurrencies failed?

Bitcoin is the best and safest investment option because it has proven its ability to survive through multiple cycles. However, when it comes to trading, especially margin or future trading. I think that safety and risk depend entirely on our knowledge and decision, not on Bitcoin itself
No matter how secure Bitcoin is, if you lack the right knowledge, let greed control your mind and trade with high leverage in hopes of getting rich quickly.You could lose money or even go bankrupt in the blink of an eye.

[Xackie]

Nothing is risk-free, and it's just more or less risk between different things we choose and take action in our lives. Among investing, trading and gambling, in risk hierrachy, gambling is most dangerous, next one is trading and the less risky one is investment.

With investment, risk levels are different by differences in quality of assets or projects you invest you moneny in. Among many cryptocurrencies have ever been created so far and will be created more in the future, Bitcoin has grown up very strongly since 2009 and it has successfully maintained its strength as a strongest and best cryptocurrency for investors. Even if they are traders with whatever trading types from Spot to Margin and Futures, Bitcoin is a safest asset for trading. It's because Bitcoin has managed to recover very well from bear markets, and has always made its new all time high in every new market cycle so far. Altcoins are differently and many of them simply died with time and cycles so if investment is in altcoins, it's more dangerous than Bitcoin investments.

If people choose shitcoins, it's more like gambling and no longer a good investment.

How many cryptocurrencies failed?

Bitcoin is the best and safest investment option because it has proven its ability to survive through multiple cycles. However, when it comes to trading, especially margin or future trading. I think that safety and risk depend entirely on our knowledge and decision, not on Bitcoin itself
No matter how secure Bitcoin is, if you lack the right knowledge, let greed control your mind and trade with high leverage in hopes of getting rich quickly.You could lose money or even go bankrupt in the blink of an eye.

This is why am not a fan of trading Bitcoin. The risk that comes with it, is quite much, and people who are eager to see fast money often see so many losses. I get though it depends on your knowledge and understanding but even with that you will still lose more money than a person who is accumulating and holding. Some traders even go as much to use high leverage which wipe their money. Sometimes no matter how experienced you are as a trade, one time or the other emotions will surely sneak into trading especially when youve lost two or more trades consecutively. Bitcoin works best as long term savings, not as a casino tool for quick wins.

[Smack That Ace]

This is why am not a fan of trading Bitcoin. The risk that comes with it, is quite much, and people who are eager to see fast money often see so many losses. I get though it depends on your knowledge and understanding but even with that you will still lose more money than a person who is accumulating and holding. Some traders even go as much to use high leverage which wipe their money. Sometimes no matter how experienced you are as a trade, one time or the other emotions will surely sneak into trading especially when youve lost two or more trades consecutively. Bitcoin works best as long term savings, not as a casino tool for quick wins.

I do not consider trading to be gambling because they are different. I'm neither against nor against trading because I know there are still some people making a profit from it.

But I agree with you that Bitcoin is more suitable and performs better as a long term investment. This has been proven many times, as many people have become wealthy thanks to Bitcoin and the majority of them are long term investors, not traders.

The winners in the market are mostly long term investors.

[arwin100]

This is why am not a fan of trading Bitcoin. The risk that comes with it, is quite much, and people who are eager to see fast money often see so many losses. I get though it depends on your knowledge and understanding but even with that you will still lose more money than a person who is accumulating and holding. Some traders even go as much to use high leverage which wipe their money. Sometimes no matter how experienced you are as a trade, one time or the other emotions will surely sneak into trading especially when youve lost two or more trades consecutively. Bitcoin works best as long term savings, not as a casino tool for quick wins.

I do not consider trading to be gambling because they are different. I'm neither against nor against trading because I know there are still some people making a profit from it.

But I agree with you that Bitcoin is more suitable and performs better as a long term investment. This has been proven many times, as many people have become wealthy thanks to Bitcoin and the majority of them are long term investors, not traders.

The winners in the market are mostly long term investors.

Even though both carry the same risk gambling and trading is different. Also trading is for those people have many money to burn, also can able to spend lots of time to know more about good techniques to use on their trades. If they are just normal people which got hype on some coins introduce to them well they are adapting on the risk which provably will give them a big problem.

Also same with you I believe that Bitcoin is good for long term. History shows us that Bitcoin usually rewards those people have long patience. The biggest possible gains are those people can able to hold for long years and what usually happen is the long term holders usually wins if we base it up on situation happened on the past. Bitcoin have great potential and provably it continue to bring promising future to those people will choose to hold their Bitcoin for another decade.

[B2Z]

You don't need a wealth of knowledge to get started investing in bitcoin.  All you need is some common sense and discretionary funds, and you can get started investing in bitcoin.

If you have common sense, then you know that you adjust your investment size to your knowledge level and if you don't have a lot of knowledge, then you likely would decide to start out investing with a small amount, and ONLY increase your amount invested (whether weekly or otherwise) as your comfort level increases.

Starting is the most important step, if we do not start and keep thinking very hard about investment in advance and keep thinking that we cannot get involved in investment without getting a complete idea about investment, then I think an investor will never start investing. When a common man joins the army, he does not learn to shoot a gun first, but he learns step by step, in the same way, investors have to start investing with a minimum idea and later if investors are interested in knowing, they will be able to learn a lot on their own and what I think is that no one has learned about investment completely yet because there is no end to knowing and people know or learn something new every time. Yes, it is natural that when an investor starts investing, he does not have the same idea as experienced investors, that is why he can start investing with a small amount of money and step by step when he learns more about investment, he can use more money for investment.

The main thing is that one of the things to be successful in investing is to think realistically, take risks and understand your limits and make decisions accordingly.

Though is not compulsory that a bitcoin investor/adopter must have to purchase a whole bitcoin before he can begin/continue to accumulation in the way the institutions are doing. Retail adopters can purchase with the amount they have to afford according to their income. With constant purchasing in a 4-8 years it will amaze them how much bitcoin they are able to stack with that amount that was initially taken to be small to begin with.

I have to consider my ability but I have to make a decision. If someone else is buying a whole Bitcoin or someone who has money is buying ten Bitcoins at the same time, we will not be able to follow those investors because they have financial support but we do not have the money or opportunity like them.
We only have to focus on how much we can invest with our maximum. Even if the amount of money we invest is less, we should still focus on it because when we invest little by little continuously, at some point it will be seen that my total investment amount is getting much higher. We have to create this habit within ourselves so that we can buy and deposit Bitcoins in small amounts.

The big advantage of investing little by little is that there is no pressure on the investor, due to which he can maintain the continuity of investment with ease.

It comes off as misleading and potentially even deceptive to repeatedly refer to bitcoin as digital gold.

sure there are various aspects of bitcoin that were modeled after gold, yet bitcoin is different than gold, and sure maybe once in a while it is o.k to say it, but it is probably better to just use the word bitcoin unless you have some specific point about digital gold and/or digital currency that you are wanting to make.  Bitcoin does have a variety of attributes that include digital gold, digital currency  and even the existence of various derivative products that likely cause paper bitcoin and/or more claims upon bitcoin than the quantity of bitcoin.

Maybe we could state instead that it has features of both gold and cash, so it is kind of acting as a mix between digital gold and digital cash in terms of functionality and features? I agree it is better to refer to it as Bitcoin unless we are talking about specific features and characteristics. Some people may not spend a lot of time researching the things and may take away something wrong if we keep referring to it as digital gold or something without providing more information.

In many cases or considering many aspects, we can call Bitcoin as digital gold or digital cash, but these things will confuse many people, especially those who are new to investing in Bitcoin. Many times, we see many members comparing Bitcoin with many things, so in this aspect, Bitcoin carries the identity of many categories of things at the same time. I think if we discuss Bitcoin directly as Bitcoin, then that discussion will seem clearer, especially to the newbies.

but there is an underestimated difference in how we feel when we eat healthy food and when we eat junk food or bad food.

We might not realize those matters until we are in our 40s or even later.  Sure some folks figure it out early, yet sometimes when they are eating some items out of a box and the box says "heart healthy" they might not realize that they are being lied to, including not knowing that natural foods are good for you including eggs and animal fats as compared with industrial oils and the body of young people might be able to  tolerate including athletes might not realize either, since they are otherwise strong, relatively speaking.

Dogedegen has raised a good point, when we eat nutritious food or eat any fruit then we do not have any acidity problem or face any problem while running but when we eat fried food in oil and after some time acidity starts appearing in us and to get rid of that condition we have to take acidity tablets, the matter is not limited to this but when we eat fried food in oil and want to play football or any other game then restlessness works in us and the way we can work hard normally after eating fried food in oil then that work cannot be done.

I have presented the issues of temporary bad feeling till now but after 40 years people start regretting why they ate fried food in oil or did not eat healthy food because after 40 years the immunity of the body starts decreasing due to which the bad effects of such irregularities in past food are seen after 40 years due to which most of the month we have to run to the doctor's dispensary.

[Alvin_talk]

I do not consider trading to be gambling because they are different. I'm neither against nor against trading because I know there are still some people making a profit from it.

I do agree that gambling and trading are not thesame but they are closely related but I still think trading is riskier than gambling.

One of the major reason is the amount of money people are willing to put in. When gambling, it is easier to limit the amount you stake, for example, I could decide to stack just 50 bucks but while trading the urge of trading with a higher amount with the hope of getting higher returns is always there.

When I was in school, I knew of a course mate who was very good at trading, because he wanted to have a greater profit, he convinced some of my course mates to invest a specific sum of money to him so can use it for trading on their behalf with the promise that he will be giving them a weekly profit out of every trade. Some people where convinced and invested, however, the trader lost heavily that week and was unable to refund the investors money.

This kind of scenario shows that trading can be extremely risky and some times trading skills is not even enough. It is better to focus on investment, in this case bitcoin investment rather than trading.

[Son Of Blockchain (SOB)]

Even though both carry the same risk gambling and trading is different. Also trading is for those people have many money to burn, also can able to spend lots of time to know more about good techniques to use on their trades. If they are just normal people which got hype on some coins introduce to them well they are adapting on the risk which provably will give them a big problem.

Also same with you I believe that Bitcoin is good for long term. History shows us that Bitcoin usually rewards those people have long patience. The biggest possible gains are those people can able to hold for long years and what usually happen is the long term holders usually wins if we base it up on situation happened on the past. Bitcoin have great potential and provably it continue to bring promising future to those people will choose to hold their Bitcoin for another decade.

People who indulge in trading Bitcoin doesn't know how scarce and valuable it is, else they won't trade it, maybe they might see it as an opportunity to get more of it but that's a very risky opportunity and instead doing it the more risky way, it's better to buy and hold for long-term, which is proven and very reliable to generate more coin as times goes.
 The sad truth is that some people are aware of the history of Bitcoin but would still choose to do otherwise due to lack of patience, generating more Bitcoin always favours those who're very patient and it's high time realise that and stop involving it with trading.

[SuperBitMan]

Even though both carry the same risk gambling and trading is different. Also trading is for those people have many money to burn, also can able to spend lots of time to know more about good techniques to use on their trades. If they are just normal people which got hype on some coins introduce to them well they are adapting on the risk which provably will give them a big problem.

Also same with you I believe that Bitcoin is good for long term. History shows us that Bitcoin usually rewards those people have long patience. The biggest possible gains are those people can able to hold for long years and what usually happen is the long term holders usually wins if we base it up on situation happened on the past. Bitcoin have great potential and provably it continue to bring promising future to those people will choose to hold their Bitcoin for another decade.

People who indulge in trading Bitcoin doesn't know how scarce and valuable it is, else they won't trade it, maybe they might see it as an opportunity to get more of it but that's a very risky opportunity and instead doing it the more risky way, it's better to buy and hold for long-term, which is proven and very reliable to generate more coin as times goes.
 The sad truth is that some people are aware of the history of Bitcoin but would still choose to do otherwise due to lack of patience, generating more Bitcoin always favours those who're very patient and it's high time realise that and stop involving it with trading.

It is true that trading is very risky but those who are trading Bitcoin know how valuable it is, it those not mean because they are trading Bitcoin they don’t know how valuable it is, in fact they know about the value more that is why they are trading it. There are people who are making huge profit from bitcoin trading and some of those bitcoin traders are also accumulating and holding for long term, some people see trading as fun and they do it because they enjoy doing it.
Yeah some people lacks patience that is why they find it very difficult to to hold bitcoin for a very long term, anyone that works for you in bitcoin you do it, but let it be known that the safest option in bitcoin is accumulating and holding for long term, if you can be patient enough then it is worth holding and waiting for.

[Joeboy]

Though is not compulsory that a bitcoin investor/adopter must have to purchase a whole bitcoin before he can begin/continue to accumulation in the way the institutions are doing. Retail adopters can purchase with the amount they have to afford according to their income. With constant purchasing in a 4-8 years it will amaze them how much bitcoin they are able to stack with that amount that was initially taken to be small to begin with.

I have to consider my ability but I have to make a decision. If someone else is buying a whole Bitcoin or someone who has money is buying ten Bitcoins at the same time, we will not be able to follow those investors because they have financial support but we do not have the money or opportunity like them.
We only have to focus on how much we can invest with our maximum. Even if the amount of money we invest is less, we should still focus on it because when we invest little by little continuously, at some point it will be seen that my total investment amount is getting much higher. We have to create this habit within ourselves so that we can buy and deposit Bitcoins in small amounts.

The big advantage of investing little by little is that there is no pressure on the investor, due to which he can maintain the continuity of investment with ease.

It fine for folks to start with the little they have. But then I always support the idea of folks always being dynamic in their investments amounts. Meaning that as time goes on, it is paramount that they try and figure out ways to increase their discretionary income, so as to have a bigger investment size. For example you started your investment with $10, you should just remain on that amount, folks should always crave for ways to increase that amount. And they can achieve that by either cutting those unnecessary expenses and then creating more sources of income that can bring in more money...

[Merit.s]

I do not consider trading to be gambling because they are different. I'm neither against nor against trading because I know there are still some people making a profit from it.

Trading and gambling is the same in the sense that it's all about prediction of the future and that's why you see that both traders and gambling run at loss in the long run. Why trying to gamble with the price wave of bitcoin.

It is true that trading is very risky but those who are trading Bitcoin know how valuable it is, it those not mean because they are trading Bitcoin they don’t know how valuable it is, in fact they know about the value more that is why they are trading it.

They don't know the value of bitcoin because they arw short sighted if not they wouldn't trade it for little profits rather, they will buy and build their bitcoin portfolio and hodli for long to benefits more from their bitcoin stash. Traders will hardly have a good size of bitcoin portfolio in future compared to a long-term investor who is only accumulating with DCA persist and consist overtime.