Quote from: Dr.Bitcoin_Strange on Today at 07:40:14 PM

Quote from: Dickiy on Today at 04:06:47 PM

Quote from: JayJuanGee on April 16, 2023, 08:55:23 PM

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There are no guarantees that the BTC price will go higher, even though bitcoin remains a great asymmetric bet to the upside, perhaps amongst the best of asymmetric bets for a lot of normies who might not otherwise be able to invest because barriers to entry are difficult.
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Yes, I totally agree with you, man, there is no guarantee institution that bitcoin will give the highest price again and there is no guarantee that indeed you will be rich if you continue to invest in bitcoin into the future and that is only based on speculation from the results we analyze so that it creates a belief that bitcoin will give the next highest price, I myself went through it and studied it long enough so that subconsciously I have faith in the price of bitcoin that will continue to increase towards the future from what bitcoin has ever touched in the previous cycle, and the only guarantor in my opinion is your beliefs about bitcoins that you made yourself for yourself.
In a general view it is like an asymmetrical bet, as well as the possibilities of shamanic sentences to its customers and the mindset if you shelter you will become rich if you have a lot of property for rent but still be destroyed if a natural disaster destroys your property, that is I think it depends on the beliefs and views of each.

Well, I think not everyone has good knowledge of how to invest effectively and grow sustainable wealth, even when they are not working. Bitcoin is one of the best investment options to be considered when one is trying to venture into investing their income. Although we are full of speculation with the Bitcoin price, just as you have said, I just think people should not carry all their eggs in one basket. It's always good to invest in different assets; for example, landed properties are a good investment, but the thing is that some people just think they need to only invest in one asset and do not know that they should have different investments so that if one fails or does not yield the desired results, they will still have one to depend on.

Some years ago, I lost my money to an investment scheme that promised to pay me a 20% monthly return on my investment, but they crashed out and I couldn't get my money back. There was this elderly man who invested all his entire life savings and those of his wife into the same investment scheme I did, and according to him, the money was about $20,000, but all was gone. I learned the lesson of not investing only in one asset from that man's experience. My money was not much to invest in another thing at that moment if not I would not have invested all my money with that company, my plan was to save up from the monthly profit I will receiving and use it to invest in other assets, but was unlucky.

Also, often, people forget to use the DCA strategy to invest in Bitcoin.

Bitcoin happens to be the most suitable investment for small-scale starters who are looking to grow the profit in the long term with their relatively low percentage investment amount, take for example someone who wants to accumulate a total of 14k worth of bitcoin in a 2 years time frame with an annual income of 50k this the 14k may some up to 7% of his total annual income and it will take consistency for the investor to be able to follow through with the investment plans since there may be some unforeseen situation that could limit his purchasing power in the long run, but it requires a lot of efforts and calculation to be able to set out such an amount to build up your portfolio and since Bitcoin is an unpredictable asset that has a volatile market value it becomes hard for those working against it market to take investors by surprise to put out efforts that could truncate the efforts of the investor who. is looking to solely depend on bitcoin to cash in on it long term potential and possibility.
But above every other asset Bitcoin should be placed at its highest priority rate, since Bitcoin is the most visible investment for newbies or start-ups who are looking to build multiple wealth streams within the next couple of years to come.