Quote from: mindrust on August 14, 2019, 07:07:16 PM

If bitcoin don't go $100k in a year or two... What can you possibly lose?

Well, that is part of what makes bitcoin to be amongst the best asymmetric bets that are currently in existence.

As long as you don't leverage, then the most that you could lose is 100% of your investment, while at the same time the odds for UP are quite good (and I would say that the odds of losing 100% of your investment is quite low).

Quote from: mindrust on August 14, 2019, 07:07:16 PM

From here, your worst scenario is $5k. At worst you'll lose half of your money. I know it is not pennies if you go all in.

I will agree that the odds of the price going below $5k are much lower than they were just a short period of time ago, but surely $5k is not the bottom of how low bitcoin is possible to go, so therefore, $5k is no where near the worst scenario for bitcoin.

Quote from: mindrust on August 14, 2019, 07:07:16 PM

That's why, you need to DCA. (spread your buys over months, weeks)

Surely, DCA is amongst the best of the possible strategies and also proven to be good with the passage of time; however, DCA is far from the only potentially profitable strategy. DCA does end up being a decent strategy for people who might not have value, but they do have some kind of cashflow or an ability to generate a cashflow that they could use to get into bitcoin. If someone has a lump sum that is already available, that person could reasonably could to invest lump sums and buying on dips and those kinds of different strategies, too.

Quote from: mindrust on August 14, 2019, 07:07:16 PM

Even if you still find that $100k a too crazy number...

$100k is not that crazy, especially given bitcoin's history and fundamentals.

Quote from: mindrust on August 14, 2019, 07:07:16 PM

Just tell me what are your other options for getting rich?

Bitcoin, perhaps?

Quote from: mindrust on August 14, 2019, 07:07:16 PM

Gold? Must be a joke.

Not a complete joke, but has way less upside potential than bitcoin... even in the best of scenarios.

Quote from: mindrust on August 14, 2019, 07:07:16 PM

FIAT? Dead.

Not dead, but seems like the irresponsible policies of various governments is not going to significantly or materially change in the coming years, so if you hold onto fiat in the longer term, then your money is likely going to lose value over time. Some fiats are worse than others in terms of retaining value.

Quote from: mindrust on August 14, 2019, 07:07:16 PM

Stocks? Already in a bubble if you get in now, you won't be sleeping at nights.

I have some money in index funds. Seems like a hedge to me. They do not have any kind of certain trajectory, even though they do seem like a bubble, but who knows, may still serve as a bit of a hedge.

Quote from: mindrust on August 14, 2019, 07:07:16 PM

Real Estate? You need to be rich beforehand which is a dumb idea to begin with

There are a variety of ways to invest in real estate. Even though it is not very liquid, it is a pretty solid investment, especially if monetary policies are sloppy, and sometimes you can find value.. as long as you don't mind being tied down a bit, perhaps.

Quote from: mindrust on August 14, 2019, 07:07:16 PM

Altcoins? Might be an option but I wouldn't advise that shit. Most of them are scam.

I don't advise them either, especially since they are an extra layer of risk beyond bitcoin because they are likely largely correlated with bitcoin, but some of them could pump with bitcoin or greater than bitcoin or at least greater than other investment options while being somewhat liquid like bitcoin (maybe not as liquid as bitcoin but some of them might be decently liquid).

Quote from: mindrust on August 14, 2019, 07:07:16 PM

Don't get me wrong, I use Bitcoin to store my wealth outside of the banks and It serves that purpose very well, I am just after that side benefit; "getting rich" while doing so.

If you don't fully understand what bitcoin is and what it can do before investing in it, you won't be able to hodl through. As soon as you see a small red candle, your mind will give you a blue screen and you'll panic dump. That's the same mindset which kept me from investing in btc for years, I know.

I cannot disagree with any of these here points.