Quote from: JayJuanGee on June 30, 2023, 06:17:07 PM

In the end, you seem to be assigning higher odds than me that bitcoin could go to zero, but hey, I am not even confident in my own method of assigning any kind of a tangible number and trying to figure out potential attack vectors (or reasons that bitcoin might go to zero), and I am not even sure if it is necessary to outline a variety of scenarios beyond acknowledging that there is some kind of a non-zero chance that bitcoin could end up either going to zero or even going into a kind of marginal status that it does not continue to attract value to it.. beyond a niche group of people.

Regardless of how bitcoin's condition will be in the future and even if it has to end in a bad scenario and or become zero, for now at least I will try to maximize all the potential that exists to reach the profit stage. Personally I also benefit from investing and for now I am running a business with profits made on bitcoins. Hence my belief that bitcoin's resilience can last for the next two or three decades and other scenarios will last as long as possible as long as the supply and demand process persists.

Quote from: indah rezqi on June 30, 2023, 06:25:39 PM

When the probability of a bitcoin price going to zero or worthless is very low, then maximize your chances. Agree or not, many of us expect these investments to provide great returns in the long term due to their high price volatility. Supply and demand are impacted by strong fundamentals like halves and other support from whales, so when we worry too much about low probabilities it will ultimately affect your decisions and plans in the long term.

It's just that, you still need to pay attention and consider the risks. Pushing yourself too hard to maximize investment opportunities is also not good, because indirectly you may have neglected your responsibility for other needs. Set aside a few percent for your needs, it is also meant that you don't change your investment plan too much in the middle of the road. For example, have a reserve budget.

Investment planning is the choice of individuals who have understood all the possibilities that may occur and I agree that any doubts will continue to be a shadow of setbacks for us to reach the stage of financial freedom from the investment process that we do. If the decision affects the level of concern or risk then saving money in the bank is also one of the risks that we will never know. Because when the bank goes bankrupt it is not certain that our money will be returned or so is the placement of money in the business that we are going to do.

In the end for every risk there must be a consensus of agreement between oneself and the ability to ability to make decisions and this is where confidence in Bitcoin investment choices is born. Lastly every risk must give birth to an achievement that we want, with the process that we have gone through correctly and everyone who dares to take risks, the opportunity to get profits is much greater. When talking about setting aside a percentage for daily needs it means that you have considered what percentage of investment needs with the cost of other needs and I think certain patterns may vary.

Quote from: Fausto Arta on June 30, 2023, 07:41:58 PM

I totally agree with your Closing statement in this case, the chance is only 0.1%. Bitcoin has survived for more than a decade, of course through fluctuating price ups and downs and shaking all of our stances. But we haven't seen the price touch near zero yet. If we assume on the basis of these facts, then we can be sure that Bitcoin can be one of the digital assets for long-term investment, as well as other Crypto assets.

We also have to return to our personal investment strategy beliefs, meaning we have to be really wise in receiving information around, and we only need to update the risk management framework so that we are not affected by media framing in any form, such as Bitcoin regulation in a certain country.

The approval of a statement is just a dynamic that has gone through a process of discussion and odds like 0.1% as I said it is based on the analysis and understanding that I have and the argument may change according to the facts. But so far I still believe that 0.1% is an unlikely scenario, at least in the next two, three or four decades. By the way bitcoin is indeed more suitable for investing in the long term and I think this is no longer a debate.

Once again I also want to emphasize there is no general risk of price fluctuations because it's just a process that goes on in the market and there are always ways to make bitcoin recover. Moreover we always see a four-year cycle before ATH or there are other processes that make bitcoin strengthen again, except when talking about risk returning to zero like some of the previous discussions.