Quote from: naira on Today at 03:19:08 PM

Quote from: JayJuanGee on Today at 02:46:48 PM

These are good points too... so yeah, if we have been in bitcoin for a while then we may well have been stacking sats for a while... but if we are newer to bitcoin, then it does seem like it would be a good time to get into BTC - even though no one really knows the future with any kind of level of certainty... so there is a kind of dynamic that they might well end up becoming more bullish about BTC later down the road, after the BTC price runs up for a while - which surely is not as good of a time to be buying bitcoin as now, but people will do what they can, and sometimes get emotional about their failure/refusal to get sufficiently aggressive earlier in the cycle.. such as now.. as compared to later down the road.

And this is where the most interesting point is, when people dare to bet on gambling then why not dare to bet to invest Bitcoin for the future. I always make such comparisons when many people, including family and close relatives, are basically no strangers to the world of investing or getting into the world of gambling. I always challenge them on the strong pretext of Bitcoin, the trick is that they allocate 2 budgets (1 budget for gambling and 1 budget for investment), taking a term every 3 months.

After that we discussed who had survived and who had fallen into the abyss of loss. That's how to motivate my next of kin to be more investment sensitive in this particular way to specialize in Bitcoin. Do you know that for the past year and a half I managed to prove it. LOL

This is only a small part of the evidence where when we are sure and know how important long term investment is as a lesson for others and especially for ourselves so that we can appreciate whatever amount is cultivated since childhood, it will gradually become a pile of beautiful hills.

There can be some real problems if we are comparing the performance of our portfolios in the short term, and for example, there are quite a few people who invested into bitcoin in the last couple of years, and at this time, even if they did not do anything wrong, their portfolios are "barely" getting back into profits, and if they made some mistakes, then they might be even further in the red because of those mistakes.

Even with myself, the first three years of my BTC investment was barely in profits.. so from late 2013 until about late 2016, my BTC portfolio was ONLY of questionable profitability.. ..

Even though I pretty much front-loaded my investment into BTC in 2014 (and my average price per BTC was coming down from $1,200 and down into the $500s), but my BTC holdings were largely in the red (and sometimes more than 50% into the negative) for quite a bit of time in 2015 (even though I continued to buy and people felt sorry for me)... So yeah the BTC price was in the mid-$200s for much of the time in 2015, so by the time 2016 came, my portfolio was starting to feel like it was potentially going to come out of the red and to be less in the red, but it was NOT really unambigously out of the red until late 2016 and early 2017..

Even though on a personal level I was already feeling pretty good about my BTC investment by the time we got into early 2016.. but even then it did not become more clear that BTC prices would break above $500 until May 2016. .and then there were further dabbles with $500 in mid-to-late 2016 and even in early 2017, people (bitcoin bears/naysayers) were talking about BTC "having to correct down to below $500 before they could resume up.. and that correction down to $500 did not happen and did not ever happen, so a lot of the folks relying upon those bearish proclamations got even more reckt than the mostly holders, such as myself, and we know what happened to BTC in 2017 and even the correction in 2018 did not bring BTC prices even close to back to 3 digits, since the lowest we got was in the lower $3ks and that did not even last very long, even though we had a brief bout into the upper $3ks in the March 2020 liquidation event.. perhaps a fluke, but who knows?

So my point is that in the long term you may well be laughing.. but in the short term you might not look so good depending on how things are measured and even if you might have made a few mistakes along the way, too.