Post
Topic
Board Bitcoin Discussion
Re: My feelings after 11 years with crypto.
by
salad daging
on 30/09/2022, 19:29:13 UTC
-cut

One thing is to try to stay focused on bitcoin first instead of getting all distracted with various other projects.  Once you get some good grasp of bitcoin and establish your position in bitcoin, then maybe you can take a small portion of your stash and fuck around with other stuff.. but it really does not seem to be necessary to get involved in a whole bunch of bullshit with other things until you really establish yourself with bitcoin first.

Establishing yourself with bitcoin could take 4-10 years or longer - just depending on your situation, how much value you come to bitcoin with and your methods and strategies for investing into it.

Sure, we can look back at history and presume that bitcoin already had a "good run;" however, we continue to be in pretty damned early days.  Historically bitcoin was difficult to use and difficult to get into, and there are still some of the technical issues and lack of user-friendliness issues and also various ways that you can fuck up by not storing your bitcoin properly, not having proper back ups or otherwise screwing yourself to become parted with your coins.

So it seems to me that we are still pretty early days in bitcoin, even if you think that everyone has heard of it, but still we have relatively low investment levels in terms of the whole population, and even though there has already been decent price appreciation, there is still likely more upside to come - no guarantees with anything, of course.
This is a simple understanding for @beej I think it is true that he should focus on bitcoin more than any other coin which will not have the potential for the future, maybe we can look at his previous history of Bitcoin being so extraordinary with prices that continue to rise so this is as Proving the history of the past will certainly be important and I will understand how the bitcoin cycle will happen again in the future. I so believe.

4-10 years may be too long for him, there can be no DCA system or other means with the accumulation of his purchases, for me he just has to keep bitcoins for two years he will feel how to actually hold it, of course it will take a long time but at least with his belief that bitcoin is the future and also now is not too late to buy then it must be principally as a valuable coin meaning that it can store as long as possible will feel how bitcoin will be big later.

Never ever be tempted by a new project especially with big APY offers, HYPE, FOMO, and that has to be faced for @beej until you win with the full Bitcoin goal.