Quote from: yudi09 on Today at 07:16:27 AM

Quote from: Ryu_Ar1 on June 26, 2023, 01:46:03 PM

-snip-
Reasons like this are quite logical for those who will definitely continue to hinder bitcoin. Indeed, for us bitcoin can be said to be one of the gifts but for some people who have other interests this could be one of the calamities for them.

Groups that might consider a disaster are those who are very interested in having Bitcoin in large quantities.
Usually people with such thoughts have better knowledge than us so they have their own way of being able to get assets that we consider a gift.

I just mention here that some people who consider the presence of Bitcoin as a disaster are government officials who are anti-Bitcoin, bankers who continue to voice that Bitcoin is not good as an investment asset and so on.
Those I mean as people who have more knowledge about the greatness of Bitcoin who want to collect as much as possible in their portfolio list.

It is difficult to know what is meant by considering bitcoin as a "disaster" or a "calamity" - since there are some folks who might not know how to consider their risk and/or to attempt to manage their exposure to an asset such as bitcoin in accordance with their own particular circumstances - because bitcoin could be a disaster/calamity for any of us if we end up over investing or even under investing. If we overinvest and then we leave our bitcoin with third parties or we try to earn yield off of our bitcoin, we may well find ourselves with way less bitcoin than we thought that we had or that we have some or all of our bitcoin locked up (bankruptcy proceedings or whatever).

Of course, the under-investor may well not really know about bitcoin and is viewing bitcoin from the outside or even sometimes viewing various points that s/he could have gotten in and then gotten out and made a killing (in terms of dollars), and there could even be some recognition that those people who are holding bitcoin for long periods of time seem to have a lot more options based on their bitcoin having had gone up in value many times greater than the amount that had been investing, and even accounting for the rises in the cost of living, many of the longer term bitcoin holders are way better off than those people who had chosen not to invest into bitcoin. It would be difficult to measure the progress from the outside like that, and even people who hold bitcoin will sometimes not be sure about how much to measure whether they are better off by holding bitcoin or not - and part of the difficulties can be that even longer term bitcoin HODLers might sometimes get caught up in more complicated (perhaps overly complicated) strategies of trading or even messing around with shitcoins.

It seems to me that we do not necessarily have to have any exactly straight-forward process in which we accumulate BTC, but we will be complicating matters if we consider selling as a mechanism to use in order to try to buy back more BTC, rather than merely focusing on accumulating through techniques of DCA, buying on dips and lump sum investing... so in the first few years, it might be difficult to measure if we are in profits (or how much we might be in profits), and being in profits is not even guaranteed, even after a few years; however, it does seem that the longer that we stick with accumulating BTC (without selling BTC - except maybe sell and replace if we might want to transact in BTC from time to time), then we should be able to more greatly see progress in our holdings and less fear about our bitcoin that would otherwise contribute towards us being afraid of our investment resulting in disaster or calamity.. which also could happen if we are investing more into bitcoin than we can afford to lose, then we will be contributing to our own additional stresses about our ongoing bitcoin investment (and hopefully continuing to build our bitcoin stack with the passage of time and privately securing our most, if not all of our BTC stash rather than holding it with third parties at any higher levels than de minimus or in small quantities for utility purposes).