Quote from: tabas on Today at 06:00:30 PM

Quote from: JayJuanGee on Today at 05:37:57 PM

Quote from: tabas on Today at 03:16:35 PM

I reckon that Bitcoin is the best asset that I've ever invested and there's no lie to that. It had even made me an investor despite of having not so good background investing. And with those people with the collaboration of media, they're portraying Bitcoin as something bad and only used by criminals or used to get paid illegal services. I think that this thought will never be gone but at least it's changing. From those people that have the idea that they'll be scammed through investing in Bitcoin, they probably have the experience of being scammed once online and that's why they don't dare to invest in Bitcoin. Anyway, results will be the noise later on and they can't ignore how Bitcoin moves as an asset that's highly volatile and they will not deny that fact once they've started to open their minds.

Yeah going by your forum registration date tabas, you have had 7 years registered in the forum and perhaps a possibility of having had gotten involved in bitcoin for nearly two full cycles - however, we know that many times, it can take a decent amount of time to build an investment position - unless you are bringing resources from the outside and reallocating some of your investment portfolio into bitcoin.

Yes, gone through with 2016 and 2020 halving and saw the cycles how it had through and done many mistakes as well. But despite that, I did some allocation into some other investments and ventures and still have the most chunk of my assets in bitcoin and vice versa. And all of that thanks to Bitcoin that has likely it's the one that has pushed me to go into learnings more about itself and what's actual investing. So, it's like one asset/investment but had taught me more about the actuality of investing, for real.

Quote from: JayJuanGee on Today at 05:37:57 PM

A brand new investor might take 10 years or more just to build his/her investment portfolio into something in which s/he is starting to feel as if the investment portfolio is starting to become of a substantial size that is meaningful and potentially life changing.

Exactly, I've understood this by looking at the stock investors and traders. I've got nothing against them but I've learned this from a friend of mine that's investing into stocks and had expressed that he's optimistic with it but it's a slow progress unlike what we've got with Bitcoin's volatility which I like more obviously.

Well, be careful tabas.

I know that a lot of people get tempted to trade and they also get tempted to try to accelerate their returns based on volatility, including that many of us likely realize that volatility in bitcoin is inevitable, but we still cannot really have any level of confidence in short term volatility, even though we likely can have a decent amount of confidence that if we continue to accumulate bitcoin and not get too risky with our approach and do not fuck around with trying to gamble with our bitcoin, then likely we can continue to build our bitcoin holdings over time, and maybe it could still take 15 to 30 years before we really get to a financially comfortable position (and that is not even guaranteed), and our odds of getting to such financially comfortable position is better if we continue to build our stacks of satoshis.. and then maybe at some point into the future, we will be able to recognize that we have a decent amount of financial cushion and we have largely reached the goals that we have set for ourselves, whether we want to reach a kind of fuck you status or if we merely want to just be better off than we would have had been if we had not invested into bitcoin.

Accordingly, if you measure getting to fuck you status by the amount of annual income that you have built up, then you may well need to get between 20 to 30x the size of how much that you need per year in order to be able to feel comfortable in terms of living off of that amount, and frequently people will get greedy before reaching those levels or maybe not be able to manage their wealth once they have reached a full years of income within their investment portfolio.. so it can take a lot of discipline to continue to pursue and persist and to not lose your principle when you have reached 1x your annual income and in the process of trying to get to a decently high level such as 20x to 30x.. and yeah, I understand that a lot of people do not make it, and yeah, I understand that some people believe that they do not need 20x to 30x, so those kinds of opinions can vary in terms of how much is needed and how to valuate the value of your assets (which ones that you hold - hopefully including but not necessarily limited to bitcoin... and I am not referring to any need to hold shitcoins, even though some folks might choose to hold some shitcoins).