Bitcoin in the next decade

[WhoYouCantKill]

Historically  investment in bitcoin has been quite profitable, even though it is not guaranteed. It would be hardpressed to see anyone regularlly trading over 8 years or more to actually be able to beat bitcoin investing over the same period.

Good luck to anyone trying to trade bitcoin, you are going to need it.. as compared with the investor who is consistently buying bitcoin persistently, regularly, ongoingly and perhaps even aggressively and ongoingly building his bitcoin and his investment size.  Investing in bitcoin is not guaranteed.. yet it seems to have way better odds than any trader, even the better of traders, especially if we were to measure performance over 8 years or longer.

I would definitely agree with you that the returns on Bitcoin investments are uncertain. So it is pretty better than those traders who long term investor and keep buying for 4 or 8 years. This is a useless assumption that makes people who are enthusiastic about trading Bitcoin think that they are throwing away a huge profit opportunity for a small profit.

You don't need multiple sources of income just buy Bitcoin from one source with discretionary income it doesn't have to be aggressive. Increase the amount of buying after having multiple sources of income. Just continuously and regularly for 4-10 years it will create a strong foundation for your investment to choose your independent methods.

I think trading doesn't provide a very good experience for most traders. One of the reasons for this is that they have a feeling of dissatisfaction, maybe to sell at a low price, or to buy at a high price, but it is an ongoing trading complex process for traders. Set an 4 -10 year Bitcoin target and accumulating Bitcoin regardless of price is a pretty better approach for investors than becoming concerned traders.

There is nothing bad in being aggressive when investing, but then folks shouldn't over-do it. They should maintain balance and apply common sense in their aggressiveness so that they would under invest  or over invest ensuring amount that are beyond their capacity...
And then having multiple source of income may not be a requirement to start buying but then folks should try and create more sources of income to as to guarantee a bigger discretionary income to invest comfortably without pressure....

Multiple sources of income are not a good substitute for creating and maintaining back up funds, so if a person has higher discretionary income due to multiple sources of income, then he can invest more into bitcoin, yet he can also maintain higher levels of back up funds and he can consume more too.. so he still has to figure out a balance, and the more aggressive he chooses to be in regards to his bitcoin  investment allocation, the more likely he is going to need back up funds to help to prevent him from going overboard in regards to any mistakes that he might end up making.

This makes quite a lot of sense and I strongly share in this perspective, this is almost like the same argument I was having with someone some time ago about the necessity of a backup fund. Having multiple streams of income may only go as far as increasing flexibility, but there’ll always be a need for a very solid financial backup as long as investing is concerned. In fact, when folks have a higher discretionary income, rather than thinking this could in fact substitute the backup fund, it just raises the responsibility to allocate it wisely. Inasmuch as it gives more room for aggressive investing, it also makes it way easier to overextend if there’s no discipline.

I think the take away point here is balance. When one has extra or several income streams, the first idea should be to strengthen financial resilience and not to actually replace. Being aggressive with Bitcoin accumulation is good, but you’ll be leaving all those bitcoins vulnerable and open to attacks by future emergencies and/or unprecedented financial needs, which is why it’s always important to have an active and solid financial backup in place because they act as a buffer against volatility and/or errors in decision making. Many investor don’t know yet that higher income without a safety net can actually turn around to even amplify the risks associated with investing rather than reducing them.

[MagnificentX]

why anyone would choose trading over investing.

To me, I think it's just the same as what we've been saying till this moment, it is the lack of patience that makes some people to rather trade than invest. They would rather buy the coin and sell later just for the little profit they can get than to keep it for a longer period of time.
Some people do not even have the time or want to understand that the quick profit they make is nothing compared to what they will get in just a space of a year as long as it is Bitcoin they are dealing with.

Multiple sources of income are not a good substitute for creating and maintaining back up funds, so if a person has higher discretionary income due to multiple sources of income, then he can invest more into bitcoin, yet he can also maintain higher levels of back up funds and he can consume more too.. so he still has to figure out a balance, and the more aggressive he chooses to be in regards to his bitcoin  investment allocation, the more likely he is going to need back up funds to help to prevent him from going overboard in regards to any mistakes that he might end up making.

Having a multiple source of income should of course even result to a stronger amount of accumulation of Bitcoin because it is not like you're expecting funds from just one place. Let's say you have 3 means of which you get funds and each of them gives you $100 weekly, you can increase your investment force or strength massively as it is more like saving a part of your earnings but this time with a much greater gain attached to it. People say that "what so ever is worth doing, is worth doing well" and trust me, there is no such thing as investing for the future with Bitcoin. The best way to save a potion out of the multiple income you get is investing in Bitcoin and it is even a good thing because you won't have to be troubled what to consume or keep aside Incase of an emergency.

However, some people think that as they have a multiple source of income, they are safe and can massively invest freely into Bitcoin forgetting that they also have to maintain that same balance of aggression in preparing their back up funds. Like you said, sometimes we get blinded by the urge to do the right thing and end of making mistakes and in this context, an investor knowing that he has enough funds coming in might make him forget to keep some aside for what we know as rainy days. So as the income is high, so should the consciousness to have a good back up funds because we do not know when that crash will come and in that situation, what you need is your back up funds or else you'll be forced to sell your Bitcoin.

Trading in Bitcoin is not too bad as most people see there are people who also make profit in trading also loss sometimes but it's good to to always use little percentage of our income to do so because the risk in trading Bitcoin is very high.

I totally agree with you, sometimes one might need some money urgently to handle somethings and as someone who is inclined with the digital world, you can decide to just go into trading for that day to try and see if you can raise some amount of money. But just like you said, I'll advise that in such cases you use an amount you can afford to lose because trading is more like gambling. It's just the same way as gambling on virtual games, controlled by the system. Anything can happen and in a way you may not even expect it. If you really have to go into trading, do not rush, analyze what you have and know what you are willing to give up if anything goes wrong and be vigilant because on this one, you are not investing for a long amount of time of which you can even let it be without troubling your assets. You are up to get something in a very short period of time so you should be ready and fully prepared mentally before going for trading.
It (trading) is not bad but in order to make more profit with a mind at peace, I support on people going for Bitcoin investments.

[Eclipse01]

The platform is great, sure but we need to reach out more through other media platforms to educate the ignorance of investors. Cause I think most of the reasons why there are tolerance to the ongoing scheme is because there is lack of quality information out there, most people just invest to make profit without properly understanding what they are going into, the mechanism and what not.

They allow these because most time they probably don't realize the consequences attached on the long run

[Achalugo BTC]

The platform is great, sure but we need to reach out more through other media platforms to educate the ignorance of investors. Cause I think most of the reasons why there are tolerance to the ongoing scheme is because there is lack of quality information out there, most people just invest to make profit without properly understanding what they are going into, the mechanism and what not.

They allow these because most time they probably don't realize the consequences attached on the long run

Being informed through different channels is very helpful and supportive, which will prevent most people from making decisions without having the knowledge or the understanding of what they want to invest, which can help them to avoid anything that will cause them harm or lead them into ruining their plans. Which is why awareness is very good and beneficial to the lives of people and to their investment too, making them to also achieve their success.
That is why, before one can take actions on their decision, they should make all the necessary considerations or adjustments, so that they can be able to navigate any ups and downs, which might stand on their way of success.

[Invariant Core]

Decentralization and privacy have indeed been weakened by government intervention and the KYC policies of centralized exchanges. However, if you are a pure Bitcoin user who only conducts on-chain transactions or operates through decentralized exchanges, these risks can be greatly reduced. But there is a more urgent danger at present: the security of the Bitcoin blockchain network. Many people believe that Bitcoin’s security is guaranteed by cryptography and that as long as quantum computers do not appear, Bitcoin stored in cold wallets is absolutely safe. Yet we all know that Bitcoin’s security is maintained by miners, and miners’ motivation to mine comes entirely from block rewards and fees.

At present, the block reward is 3.125 BTC, and the annual issuance accounts for only about 0.8% of the total supply; after the 2028 halving it will fall further to around 0.4%. Such a low reward supporting a trillion-dollar-scale network is extremely fragile. Satoshi originally envisioned that on-chain transaction fees would gradually replace the native block subsidy, but we can see that in recent blocks total fees are only around 0.01–0.03 BTC, far from sufficient to incentivize miners. Therefore, the current “digital gold” narrative is a dead end for Bitcoin. In the next ten years, if Bitcoin does not return to Satoshi’s original vision of electronic cash, then its fate may indeed match Satoshi’s own prediction: zero.

[Proty]

Are you trying to say that those that have enough money should come to trading and then throw it away instead of investing it in bitcoin for long term. Although long term investment in bitcoin isn't a guarantee of success but it is far better than trading. No matter the amount of money you have I wouldn't advise anyone to use it for trading instead this money can be used to buy bitcoin and then holding for a long term to avoid the risk of losing money since no one will want to put money were the risk of losing it is highly regardless of how much they have.

For some they just can't resist the urge to trade even though it means losing money. They prefer being engaged and busy losing money than staying idle and watch their investment grow over time. For Bitcoin, long term investment is like a winning strategy because the price history shows that it has been a solid investment over the years despite being volatile. It makes me wonder why anyone would choose trading over investing.

talking about watching there investment grow hopes you are not referring to trading as investment, if that be the case you are wrong. Those that are putting money into trading with the mindset that they are investing, they are just confused.I don't think if there is anyone that would won't to lose money . The main reason why most people trade is because of greed and lack of patience, they see long term investment as a waste of time to them they want something that will pay off immediately for this they see trading as the best option.

[hero_the_bossman]

Are you trying to say that those that have enough money should come to trading and then throw it away instead of investing it in bitcoin for long term. Although long term investment in bitcoin isn't a guarantee of success but it is far better than trading. No matter the amount of money you have I wouldn't advise anyone to use it for trading instead this money can be used to buy bitcoin and then holding for a long term to avoid the risk of losing money since no one will want to put money were the risk of losing it is highly regardless of how much they have.

For some they just can't resist the urge to trade even though it means losing money. They prefer being engaged and busy losing money than staying idle and watch their investment grow over time. For Bitcoin, long term investment is like a winning strategy because the price history shows that it has been a solid investment over the years despite being volatile. It makes me wonder why anyone would choose trading over investing.

talking about watching there investment grow hopes you are not referring to trading as investment, if that be the case you are wrong. Those that are putting money into trading with the mindset that they are investing, they are just confused.I don't think if there is anyone that would won't to lose money . The main reason why most people trade is because of greed and lack of patience, they see long term investment as a waste of time to them they want something that will pay off immediately for this they see trading as the best option.

Yep, they want to get their green candles as fast as they can and get the profit quickly.

While usually it ends up in a spark, and a trader doesn't get anything from it - only a lost depo or a part of it (in the best case scenario)..

[Merit.s]

Decentralization and privacy have indeed been weakened by government intervention and the KYC policies of centralized exchanges. However, if you are a pure Bitcoin user who only conducts on-chain transactions or operates through decentralized exchanges, these risks can be greatly reduced. But there is a more urgent danger at present: the security of the Bitcoin blockchain network. Many people believe that Bitcoin’s security is guaranteed by cryptography and that as long as quantum computers do not appear, Bitcoin stored in cold wallets is absolutely safe. Yet we all know that Bitcoin’s security is maintained by miners, and miners’ motivation to mine comes entirely from block rewards and fees.

At present, the block reward is 3.125 BTC, and the annual issuance accounts for only about 0.8% of the total supply; after the 2028 halving it will fall further to around 0.4%. Such a low reward supporting a trillion-dollar-scale network is extremely fragile. Satoshi originally envisioned that on-chain transaction fees would gradually replace the native block subsidy, but we can see that in recent blocks total fees are only around 0.01–0.03 BTC, far from sufficient to incentivize miners. Therefore, the current “digital gold” narrative is a dead end for Bitcoin. In the next ten years, if Bitcoin does not return to Satoshi’s original vision of electronic cash, then its fate may indeed match Satoshi’s own prediction: zero.

Bitcoin is still growing and there's no way that in ten years time bitcoin will turn to zero value because people ain't been their own bank but use third-party service to trade their coins. Government tax is only what I see that is affecting all bitcoiners when they will be willing to take some profits in future after they have reached their bitcoin target.

However, we still have those bitcoin enthusiasts who believe in bitcoin for privacy and anonymity. We are still keeping bitcoin in our self custody because that's the only way you can be in full control of your bitcoin. Bitcoin price grows overtime and it will still maintain its decentralized nature.

[cocadalcan]

The platform is great, sure but we need to reach out more through other media platforms to educate the ignorance of investors. Cause I think most of the reasons why there are tolerance to the ongoing scheme is because there is lack of quality information out there, most people just invest to make profit without properly understanding what they are going into, the mechanism and what not.

They allow these because most time they probably don't realize the consequences attached on the long run

Most investors buy to make a profit, and that is correct. It may be easier to make a profit if you buy Bitcoin. But you need to build a decent Bitcoin portfolio than to be involved in making a profit. If you do not have enough funds deposit Bitcoin for the long term through discretionary income. The period should be multiple cycles and each cycle should last for 4 years.

Bitcointalk platform is a great place for learning and gaining knowledge. The more you study here, the more you will learn and understand new things every day.

[abaeze]

The platform is great, sure but we need to reach out more through other media platforms to educate the ignorance of investors. Cause I think most of the reasons why there are tolerance to the ongoing scheme is because there is lack of quality information out there, most people just invest to make profit without properly understanding what they are going into, the mechanism and what not.

They allow these because most time they probably don't realize the consequences attached on the long run

Most investors buy to make a profit, and that is correct. It may be easier to make a profit if you buy Bitcoin. But you need to build a decent Bitcoin portfolio than to be involved in making a profit. If you do not have enough funds deposit Bitcoin for the long term through discretionary income. The period should be multiple cycles and each cycle should last for 4 years.

Bitcointalk platform is a great place for learning and gaining knowledge. The more you study here, the more you will learn and understand new things every day.

Everyone invests for profit, if there is no profit then there is no point in investing there. But that should be the only goal. But if someone only thinks about short-term profit then there is a high possibility of loss and this is a wrong decision in Bitcoin.

For those who do not have big money or do not have cash, long-term accumulation is the biggest solution because it does not require investing a large amount at once. The money that is saved after all the family expenses can be used to deposit BTC regularly and this is how actually DCA is done but the condition is to continue DCA with patience for at least 4-6 years only then can big profits be expected.

[centrum]

Everyone invests for profit, if there is no profit then there is no point in investing there. But that should be the only goal. But if someone only thinks about short-term profit then there is a high possibility of loss and this is a wrong decision in Bitcoin.

For those who do not have big money or do not have cash, long-term accumulation is the biggest solution because it does not require investing a large amount at once. The money that is saved after all the family expenses can be used to deposit BTC regularly and this is how actually DCA is done but the condition is to continue DCA with patience for at least 4-6 years only then can big profits be expected.

here one important reality needs to be clearly stated, everyone invests for profit that is true,but the problem begins when people think of profit only as short term gains, if someone looks at an asset like bitcoin with a trading mindset the chances of making mistakes become much higher,bitcoin was not created to make someone rich in a short period of time rather it is designed for patient people...
 
for those who do not have a large amount of money gradual accumulation is the most practical approach, when there is no pressure to invest a big amount at once mental stress is also lower,the extra money left after covering all family expenses should be used for investment, this is the true beauty of DCA ,there is no need to time the market and the tendency to panic sell is also reduced...
 
however one condition is very important,this process must be continued consistently for at least 4 to 6 years, if someone stops midway or loses patience the potential for big profits is also lost, profits in bitcoin come with time not with haste...

[Btcdeybodi]

The platform is great, sure but we need to reach out more through other media platforms to educate the ignorance of investors. Cause I think most of the reasons why there are tolerance to the ongoing scheme is because there is lack of quality information out there, most people just invest to make profit without properly understanding what they are going into, the mechanism and what not.

They allow these because most time they probably don't realize the consequences attached on the long run

It is not the duty of anyone to go about sensitizing investors on how and how not to follow their investment. Bitcoin has been here for over a decade, there is no need for its sensitization anymore because many people are already aware of it so it is the responsibility of anyone who wants to invest in bitcoin to do their own research and find out what they need to know instead of waiting or relying on information from someone else. However, it is not a bad approach to invest with the mentality of making profits because what are we investing for if not to make profits. Talking about mechanism, what other mechanism does an investor need if not to invest and keep the security information safe.

[PhilosopherKing]

It may be easier to make a profit if you buy Bitcoin.

Dude, the future of bitcoin is not set in stone, so when you buy Bitcoin there is no guarantee that you will even make profit from it.  Though historically bitcoin did just fine over long periods mostly for people who buy and hold for long period like a cycle and more.

So while ongoingly buying, do so only with cash that you could afford to loose, and that money is regarded as Discretionary Imcome

[UpTober]

[edited out]

I disagree with you. Trading is a business with huge potential for experienced traders. Many newbies misapply trading. They think it is a way to get rich in a short time. Just like new gamblers make mistakes in gambling. Trading is a skill-based and one of the most effective ways to make money. If you are skilled, trading can provide you with very comfortable financial benefits.

It is a pretty BIG assumption that anyone can actually earn money from trading - including that likely less than 5% of traders earn any money and it is likely not enough to pay for their expenses.

It is a big assumption that it is possible to make consistent profits from trading because there is no guarantee that you will make profits from trading. There may be many people in the world who trade, but if you look at the statistics, you will see that only less than 5% of people can actually make a profit from trading. In order to meet the expenses of real life, you should not rely directly on trading but rely on a permanent income.

Going forward with the idea that "money can come from trading" is like gambling because money is actually good, if money does not come, then how will that person actually meet his expenses.

We need money to live and to pay our expenses, and in the context of trading bitcoin, it is quite problematic since bitcoin is one if the best, if not the best investment, so if we take any person who proclaims to have had been able to beat bitcoin's investment returns over a period of 8 years or longer, I would be quite surprised, and I would likely attribute it to luck... and if such person is withdrawing from their capital to pay their expenses, that is just draining their investment capital.. making it even less likely to show up in the real world rather than being theoretical.

We actually need money to meet the needs of our daily life and if we consider Bitcoin as a means of earning that money, then the problem starts from here.

I saw news that some people have started online gambling and they are able to withdraw a good amount of money from there every day, due to which some van drivers are selling their vans and using that money for gambling. Just think about how bad things are waiting for such people in their future lives. They are van drivers, they could earn money daily by working hard but if the money they have used for gambling is completely lost, then what will they do next.
I think trading and expecting something extra from it continuously is like gambling. If a person claims to be an investor but later he starts spending his total investment slowly, then his investment will keep decreasing and then we will never consider his activity as the activity of an investor.

A Bitcoin trader never thinks about his Bitcoin the way investors think about their Bitcoin, so there is a lot of difference between investors and traders.

For sure some traders might be able to beat bitcoin investment at various short term periods, yet if he is regularly trading, he is likely to get caught on the wrong side of the trade so that profits are hard to make in any kind of consistent or even replicable way.. which is another reason to label trading outcomes as luck (and/or as gambling).  Streaks of good luck could happen too, just like streaks of heads rather than tails can end up happening.

The use of margin and/or leverage can help returns, yet it could turn and investment like bitcoin that is nearly guaranteed to win into a loser.

If I ask a trader what do you think the results of trading depend on, your skill or your luck? I think he will not be able to say with certainty that his trading depends on his complete skill and he will definitely pull his luck there and when he pulls his luck, we will definitely compare this matter with gambling. The same thing happens in gambling that gamblers rely on luck. Many traders want to say that they have a good understanding of the market, but when the market behavior goes beyond their expectations, they actually look really disappointed and at that time they again rely on luck and wait.

Frequently, there is a saying with investment that the most you can lose is 100% as long as you don't bring in leverage.. so if you bring in leverage you can lose more and you can lose it faster and you can turn a winner into a loser.  Saying that you can guess the way the price is going to go.. seems about as likely as being able to predict the outcome of a coin toss.. sure you might have slightly better odds, yet can you consistently keep the emotions out of the various bets that a trader ends up having to do as compared with an investor.

Trading without leverage is usually called sports trading and this spot trading is hundreds of times more risky than trading with leverage. When a trader adds leverage to his trading, it becomes a complete gamble because if the market goes against the decision made by the trader at that time and crosses a certain limit, the trader will lose all his money in an instant. Sometimes I really wonder why traders actually take so much risk.

Long term investment is definitely the right strategy for Bitcoin. After gaining long-term investment experience and holding Bitcoin for a period of 4-10 years, it is probably a logical decision to separate trading strategies with long term investment. Although I could be wrong because I am still a newbie investor. Correct me if I am wrong with reasoning.

Historically  investment in bitcoin has been quite profitable, even though it is not guaranteed. It would be hardpressed to see anyone regularlly trading over 8 years or more to actually be able to beat bitcoin investing over the same period.

Good luck to anyone trying to trade bitcoin, you are going to need it.. as compared with the investor who is consistently buying bitcoin persistently, regularly, ongoingly and perhaps even aggressively and ongoingly building his bitcoin and his investment size.  Investing in bitcoin is not guaranteed.. yet it seems to have way better odds than any trader, even the better of traders, especially if we were to measure performance over 8 years or longer.

There is no way to say that you can definitely profit from investing, but when it comes to investing, there is actually a lot to be said, especially those who have held Bitcoin for more than eight or 10 years and have definitely been profitable after holding it for this long time. When many people tell their investment success stories, but such comments are not found that a person has achieved success like an investor by trading for 10 years. This is clear that there is a lot of difference between investing and trading, on the one hand, you have to rely on luck in trading, on the other hand, this does not happen in investing because holding it for ten years or more and then seeing a result is definitely not dependent on luck.

[henry_of_skalitz]

It may be easier to make a profit if you buy Bitcoin.

Dude, the future of bitcoin is not set in stone, so when you buy Bitcoin there is no guarantee that you will even make profit from it.  Though historically bitcoin did just fine over long periods mostly for people who buy and hold for long period like a cycle and more.

So while ongoingly buying, do so only with cash that you could afford to loose, and that money is regarded as Discretionary Imcome

The risks are the smallest with BTC anyways on the market, so, it's true.

But it's also true that as of now, there was no case of someone losing long-term with BTC

[Sexylizzy2813]

Dude, the future of bitcoin is not set in stone, so when you buy Bitcoin there is no guarantee that you will even make profit from it.  Though historically bitcoin did just fine over long periods mostly for people who buy and hold for long period like a cycle and more.

So while ongoingly buying, do so only with cash that you could afford to loose, and that money is regarded as Discretionary Imcome

Many people see investment in Bitcoin as a financial break through but they forget that it doesn't just happen like that and it has a way of happening, true time and patience has a way of making the unthinkable happen but still we all should try and remove that idea of making it big through Bitcoin, it will happen but not how many sees it, like too quick. Some buy and hold but up till now they haven't gotten what they're expecting, we should learn from how people see Bitcoin investment.

[henry_of_skalitz]

Dude, the future of bitcoin is not set in stone, so when you buy Bitcoin there is no guarantee that you will even make profit from it.  Though historically bitcoin did just fine over long periods mostly for people who buy and hold for long period like a cycle and more.

So while ongoingly buying, do so only with cash that you could afford to loose, and that money is regarded as Discretionary Imcome

Many people see investment in Bitcoin as a financial break through but they forget that it doesn't just happen like that and it has a way of happening, true time and patience has a way of making the unthinkable happen but still we all should try and remove that idea of making it big through Bitcoin, it will happen but not how many sees it, like too quick. Some buy and hold but up till now they haven't gotten what they're expecting, we should learn from how people see Bitcoin investment.

4-5 years to see results, real ones, give or take.

If the person in question wants quick profits - btc IS not for him.

[Hardyrobust]

Dude, the future of bitcoin is not set in stone, so when you buy Bitcoin there is no guarantee that you will even make profit from it.  Though historically bitcoin did just fine over long periods mostly for people who buy and hold for long period like a cycle and more.

So while ongoingly buying, do so only with cash that you could afford to loose, and that money is regarded as Discretionary Imcome

Many people see investment in Bitcoin as a financial break through but they forget that it doesn't just happen like that and it has a way of happening, true time and patience has a way of making the unthinkable happen but still we all should try and remove that idea of making it big through Bitcoin, it will happen but not how many sees it, like too quick. Some buy and hold but up till now they haven't gotten what they're expecting, we should learn from how people see Bitcoin investment.

Those that often see bitcoin as financial break through most of them are into bitcoin investment for quick profit. Yes bitcoin always rewards those that are patient, which most people don't have. They lack the ability to be able to hold bitcoin for a long term because of the mindset they have about bitcoin. Although it is not wrong to see bitcoin as financial break through, but a good understanding that this is only possible and can be achieved through long term investment in bitcoin.

[cxtreenal]

It may be easier to make a profit if you buy Bitcoin.

Dude, the future of bitcoin is not set in stone, so when you buy Bitcoin there is no guarantee that you will even make profit from it.  Though historically bitcoin did just fine over long periods mostly for people who buy and hold for long period like a cycle and more.

So while ongoingly buying, do so only with cash that you could afford to loose, and that money is regarded as Discretionary Imcome

Historically it has been good and will be better in the future. Do you regularly practice Bitcoin price fluctuations? If you do you will know that Bitcoin is a volatile asset and there is no guarantee that you will make a profit but a long term accumulation strategy (dollar cost averaging)will not put you in any uncertainty.

In essence, you are allocating a portion of your discretionary income to Bitcoin in this method. The amount of funds that will be available after your weekly expenses.

[Joeboy]

Those that often see bitcoin as financial break through most of them are into bitcoin investment for quick profit. Yes bitcoin always rewards those that are patient, which most people don't have. They lack the ability to be able to hold bitcoin for a long term because of the mindset they have about bitcoin. Although it is not wrong to see bitcoin as financial break through, but a good understanding that this is only possible and can be achieved through long term investment in bitcoin.

The right mindset is very ideal to a long term investment in Bitcoin..This is coz mindset can affect your plan, the level of your commitment and even consistency....Those who come into Bitcoin with the mindset of getting quick profits will be less likely to stay focused and committed to a longer timeline. They may even waste the whole time they spent accumulation by selling just before they reach their investments timeline...But then for those who back up their consistent accumulation with a long term mindset, they are more likely to hold through the volatility and build a very strong Bitcoin portfolio...

Another thing is that we cannot be talking about a long term mindset without putting systems in place to guarantee the sustainability of that long term mindset....Good cashflow, building of backup funds, investing with discretionary income only etc.. With these in place it will be more easier for folks to stick to their long term mindset...