Quote from: LittleBitFunny on June 20, 2023, 11:07:42 AM

Quote from: Ale88 on June 19, 2023, 06:01:39 PM

Quote from: qwertyup23 on June 19, 2023, 04:20:12 PM

Quote from: Why2why on June 15, 2023, 02:03:43 PM

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This and many more is the reason behind my current confidence in Bitcoin's ability never to let me lose if I hold for a long time.
Indeed knowledge is power, because knowledge can save you when money failed, because knowledge failure is a lifetime problem but money failure in terms of investment is temporally and if I wait I will soon be in profit again very soon, that is what past records have shown and proven.

I must say, I admire your courage for purchasing BTC before you actually studied it. Normally. potential investors would first study and research the market before they commit to an investment. Though the price of BTC has went down and somehow stabilized, this should not discourage anyone from attempting to invest in this space due to its sheer potential in the future.

It depends what you mean by "actually study it": bitcoin's purpose is pretty easy and straight forwarding to understand, and you don't need to be a financial expert or have some sort of financial degree to realize that countries keep printing money out of nothing, so inflation will be worse and worse every year. If you get those two points you are ready to buy bitcoin. Then you can go deeper on all the other related topics, especially the more technical ones, but in my opinion you don't need to know everything about bitcoin in order to buy it.

Are you trying to emphasize that buying bitcoin is to fight inflation and it's a good store of value to help us fight inflation? What if a person doesn't know too much about bitcoin and buys bitcoin for $69k? Will it still be an inflation hedge since even bitcoin was hit hard when inflation peaked in 2022?

If we want to invest in bitcoin, we need to know everything about bitcoin, there is no way that investing in bitcoin will yield good results without knowing too much about it. Bitcoin is very risky because of its volatility, if you don't have complete knowledge about it, how can you deal with its volatility?

I grasp your viewpoint. Bitcoin as an inflation shield oversimplifies its complex essence. Like any asset, Bitcoin's tied to a tapestry of influencing factors, inflation being just one.

Buying Bitcoin at its peak- say $69k - could be a risky ride, given its price swings. It's a solid rebuttal to Bitcoin as an unshakeable inflation fortress.

A broad grasp of Bitcoin, not just its anti-inflation prowess, but the tech, trends, and pitfalls, empowers wise investment. A sprinkle of realism and a dash of caution is the recipe for Bitcoin success.