Bitcoin the future money. x12 is possible within 15 years.

[Darker45]

Is this a financial advice? If people would invest what they can't afford to lose and are forced to sell at a loss because of an emergency, would you be willing to be held accountable? If investors would take your word and invest heavily believing that their capital would multiply 12 times before 15 years and failed, would you hold yourself answerable?

Don't you find your advice overconfident? I agree that Bitcoin is the future money. I also agree it's best kept long-term. But I find it irresponsible to say that investing only what you can afford to lose is a big lie. In the end, Bitcoin doesn't bring any guarantee. It remains risky.

[Lucius]

Only invest what you can afford to lose is a big lie, bitcoin is a hedge against centrally controlled what they called fiat.
~snip~

This is not a lie, but just good advice for all those who are not financially literate enough to know how to manage their money. It's not just the price of Bitcoin that you're speculating about (so this topic actually belongs in the Speculation board), but it should be taken into account that investing in cryptocurrencies also carries with it some other risks.

How many people were hacked in one way or another, lost their backup or were victims of a physical attack? x12 sounds nice, but you just threw that number out randomly without any logic - it could be x5 or x3 and it's all just a guess.

[Hewlet]

Only invest what you can afford to lose is a big lie, bitcoin is a hedge against centrally controlled what they called fiat.

In all, you've got to create the right Ballance and ensure that you're not painting what looks too perfect above what bitcoin actually is. The idea of investing what one can afford to loose comes from a place of carefulness because if you're advising an investor to go all into investing without looking at the downs associated with bitcoin investment, when the down moment eventually comes, it's going to certainly leave him with massive regrets.

Even if you have all the resource available, still invest with caution because there's no 100% certainly with bitcoin investment just like it's the case with every other kind of asset. You invest with the intention of getting returns while being ready to expect whatever worse case scenario that comes with it.

[pawanjain]

Bitcoin is a useful easy means to prepare for the future and old age. Start saving now, bitcoin can still increase 12 times before 15 years to this now.

Do not save the fiat because the government will scam you, they will devalue the fiat for their own benefit. Fiat look stable but fall in value after long time, bitcoin is volatile but increase in value over a long time.

Be wise and do not fall for the government scam fiat trap.

12 times in 15 years is quite an achievable target. Bitcoin has already generated unrealistic returns over the last decade.
12x is very realistic return and very much possible with bitcoin. Even I believe that most of our holdings should be in bitcoin.
Fiat is just for regular payments and day to day transactions and so it is better to keep only that much fiat money which is sufficient for daily use and invest the rest.
Investments can be diversified though. Not everything should be put into bitcoin but it can surely be a bigger part of our portfolio.

[Somegory]

Even a 3x in 15years to now still makes a big difference compared to keeping all my money in a bank account, and funny enough the bank is using people's money to invest in anything that can bring them more money.

Another reason why keeping money in the bank is a bad idea is inflation, within that 15years your fiat will never be the same again, especially those fiats that are shaming away from dollar rate.

I will be fine either way, trusting Bitcoin is all I can do, having Bitcoin means my Bitcoin is truly mine, Fiat is the made up paper money that the government made, it's still theirs but with the existence of Bitcoin that's no more.

[MinoRaiola]

Bitcoin is a useful easy means to prepare for the future and old age. Start saving now, bitcoin can still increase 12 times before 15 years to this now.

Do not save the fiat because the government will scam you, they will devalue the fiat for their own benefit. Fiat look stable but fall in value after long time, bitcoin is volatile but increase in value over a long time.

Be wise and do not fall for the government scam fiat trap.

Inflation is a great business model for the government, they take the money and simply print more. Trust in fiat currency naturally remains, because it is heavily regulated, and Bitcoin as an alternative is yet not used very much. I think it wont replace fiat money, but it will be a good way to keep your money safe from inflation. At a time when the global situation is in economic wars, you should hold some of your assets in Bitcoin and involving no third partie.

[Publictalk792]

Paper money savings have no guarantee of preservation, as more is constantly printed that takes away your buying power. Bitcoin is only asset that has a mathematically determined supply, which implies that rules of game cannot be altered by government and that proportion of network that you own does not diminish due to new entries.
I think that people need to adopt generational savings mindset other than trading mindset. Do not think of bitcoin as means to get richer in fiat, think of it as escape route from broken system. If you have weekly or monthly DCA plan and transfer your coins to self custody, daily price changes are non important. Numbers of scarcity always prevail over paper money printing, over 10-15 years. It is greatest weapon we have against endangering our future labor and retirement.

[YellowSwap]

X12 of bitcoin price right now is almost a million dollars, it's possible but better not to start believing that it will be at this price by that time, it's better to focus on DCA, this price isn't Guaranteed but making good amount of profit is.

I am wondering what life will look like at the time, or do you guys think that nothing new will be here by then? The future is promising and that's why we need to also keep eye out for future opportunities.

Many missed Bitcoin early value already, I don't want to believe that nothing good will be created again after Bitcoin, not with the way technology is taking over.right now.

[bitbollo]

12x market cap measure in FIAT curreny could sound interesting but I am not sure why we must use FIAT as unitary, other then for convention.
Did we use monopole money for measuring the strength of a currency? Of course we don't .
Did this change in a certain way the way we spend our cash?
If a the value perceived of the FIAT currency continue to devalue, it's not just matter of a number or a conversion.
[I would look also on what I can afford with 1 milion of dollar. Ok 1 btc 1 million dollar but 1 bottle of water has the same price...]

[Danica22]

I like Bitcoin, but I don't like it when it's promoted in an unrealistic way. You can never be certain what will happen in the future; future economic events could change everything. I would rephrase that statement as an opinion based on what you believe, so you don't overlook the real risks.

I do not have time to argue too much, within the 15 years, you will understand. Those that DCA or bought bitcoin that do not doubt this will reap the fruit at the time. You can continue to think it is not realistic just like how some people thought it can not be realistic for bitcoin to get to $100,000. One of the people that I am talking about is Peter Schiff who said bitcoin price will go to zero and that it can not get to $100000.

I have no doubt that bitcoin will rise over time, and it will be priced higher in the next decade. But I agree that making prediction and giving advice to others based solely on personal expectations is unrealistic.

What guarantees do you have that Bitcoin will go up 12x in the next 15 year? Would you be willing to take responsibility if people invested based on your advice?

Do not make random predictions, because anyone can do that, and nobody needs advice based solely on vague expectations.

[Alpha Marine]

Only invest what you can afford to lose is a big lie,

No, it is not. Invest what you can afford to lose does not mean you should invest very little. If you take out a relatively small amount for DCA like you mentioned, that is investing what you can afford to lose. The full amount of your Bitcoin holdings may be too much to lose, but the small amount you take out every month or week to save is what you can afford to lose.

Bitcoin is a useful easy means to prepare for the future and old age. Start saving now, bitcoin can still increase 12 times before 15 years to this now.

X12 of the current price is about $950k. It's possible, but there are no guarantees. Bitcoin moves more slowly as the market cap increases. The second 20 years of Bitcoin would not move as fast as the first 20 years. That is not to say it would be stable; there will always be volatility, but just at a slower pace.

[Zaguru12]

So, now that Bitcoin has been known to be a strong asset of investment,  do you think people still acknowledge that statement of investing only what they can afford to lose? Now that Bitcoin price is not cheap, I do think that it's hard to say you are investing only what you can afford to lose meanwhile you actually need to invest a significant amount before you can stand in profit at the end. $1k is not too small for quite a lot of people to lose but yet many people who are DCA Bitcoin have invested more than such amount.

Like I said in my last paragraph that in this period that particular statement can actually be overlooked for a proper or fitting one like investing what you can afford to hold because even with the price and history of bitcoin you can still make losses through bad investments most especially if the investor is only fixed on targeting profit only.

 For example yes $1k is not small money for most people but small when been invested into bitcoin that’s if you look at it from the point of 1 bitcoin but if you look at it at the point of sats it’s still big enough, one thing about investment like bitcoin is that you shouldn’t chase after big profits, your investment yields same percentage with even those who actually invest huge amount. So it will still be bad looking at bitcoin and rushing to invest big amounts that could lead to panic sell,

[salad daging]

I still conclude that bitcoin will multiply after 15 years, although I don't know for sure but the price will continue to rise over time, hopefully I have a strong hand to be able to hold more than 10 years, I think this is not easy but there must be a definite intention.

Do not save the fiat because the government will scam you, they will devalue the fiat for their own benefit. Fiat look stable but fall in value after long time, bitcoin is volatile but increase in value over a long time.

Saving fiat will not make you rich, instead it is subject to high inflation every year, at this time I IDR weakened we hesitate to save fiat unless only for daily needs, while accumulating fiat means eroding our assets.