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Topic
Board Speculation
Merits 1 from 1 user
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Victorycoin
on 03/08/2021, 07:12:00 UTC
⭐ Merited by JayJuanGee (1)



I am able to track my own investment portfolio back for more than 30 years, and I see that it had taken me a long time to build, but at the same time, I was also going to college and things like that, which seemed to cause lack of growth periods, yet as the time passed, the investment portfolio seemed to develop some seemingly compounding effects too.. of course, getting away from debts that were not used towards building capital and value.. and I suppose some of those larger and later areas of growth in value might just have been due to bitcoin and some of my own track record might put into question whether we are able to continue to expect some of the outrageous growth that has historically come from bitcoin.

I personally had noticed that regular assets/investments had not tended to compound even close to as much upon themselves as bitcoin, but still frequently as a person's investment portfolio is getting larger, s/he should also be able to consume more too... and sure, hopefully there is some balance in terms of NOT taking away from the ongoing ability of your investment portfolio to continue to grown and to compound upon itself, but surely as you take out some profits, rather than just folding those profits back into your portfolio, there will be some likely shrinkage in the magnitude of the portfolio's growth when you are pulling out some of the profits, even if seemingly small amounts (could be tax consequences, too).

At the same time, it is good to live a bit, too.. once you are becoming more wealthy.... so long as you are still limiting the amounts of the profits that you are pulling out of your investment and taking your eye away from your target amount (in this case $2 million)..


So, you had invested nearly $11k, which is about 44.5x profits, and if you have not taken any profits so far, you may be nervous to take profits because we still seem to be in a dip in our current BTC price, and your goal remains to reach $2 million, so maybe instead of taking profits from BTC, you would just spend from other means..and I doubt that you should stop putting $30 per week into BTC or maybe even more than that, but it should be possible that your cashflow has increased in other areas over the past 7 years, so you could perhaps afford to splurge in the use of your cashflow from some of those other areas without necessarily taking from your ongoing bitcoin building and compounding..

From a discretionary stance, you could also decide to trim some profits from your bitcoin.. even if the regular amount that you are putting into bitcoin continues to be $30 per week and is really not very much.. and 7 years later, it may well seem that you could doubling the amount that you put into BTC to $60 per week (depending on your cashflow) without even feeling any real strain on yourself nor your budget.  


Realy you are a talented gue most off knowledge bitcoin I agree with you that I always believe that Bitcoin is a very useful medium that only applies to long time investors. I personally think that there is a need to increase investment in Bitcoin from now on because there may not be enough opportunities in the future now. One of the most important is keeping a certain amount of money in Bitcoin every week, which will be considered a much more profitable investment in the future.

In general, many people are afraid to keep money in Bitcoin, but I think that many people are profitable to keep Bitcoin money those who invest in different coins and face losses are also afraid to keep Bitcoin later. In general, many people are afraid to keep money in Bitcoin, but I think that many people are profitable to keep Bitcoin money, those who invest in different coins and face losses are also afraid to keep Bitcoin later.

In this case, I have a lot of positive reasons that bitcoin investment will never fail if it is locked in the right way, but keep in mind that the more intelligent you be and the more intelligent you are the more profitable you will be. Basically, these are the reasons I am so positive that bitcoin investment is more important for the future.