Quote from: naira on Today at 10:54:01 AM

Quote from: JayJuanGee on July 25, 2023, 03:51:18 PM

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.. ..

I forgot not to explain the detailed duration, that here is once every 3 months does not mean that the comparison is seen from the profit after sale. The point is only as a holder per 3 months and comparing the results of people who bet.

Despite all that, I understand that the short time above is still not enough to prove a big profit, even if you have a not-so-good cycle. But the fact is we stick to the bitcoin trust. Even though we are often disappointed when we see market conditions that are in the red, it is extraordinary for us, generally investors, who know the potential for a bear market, to be able to give a little breath in the future. We and some people still have that hope that for the next 5 years bitcoin can still be profitable.

I think that also part of my point was that if I had compared the performance of my BTC investment between late 2013 and late 2016, I would have been looking like a loser for most of that time, and the superiority of my choices to allocate (and overly allocate) into BTC did not really start to show themselves until very late 2016 and early 2017, and then even with the correction in 2018 and other crash correction in 2020, my choices to allocate into BTC still had 5x to 50x better performance than the best of my peers.. and of course, BTC has been volatile, but it still likely takes a long before it shows its superiority - including that there is likely quite a bit of ambiguity in last few years, too... so it may well be easy to get distracted when showing short term performances... and many times even with other choices in life, the compounding effects likely start to show themselves 5-10 years down the road.. or even longer than that in several cases.

Quote from: Asuspawer09 on Today at 03:11:38 PM

To reach 100k$ were gonna need a huge amount of money to be poured into cryptocurrency or Bitcoin we could trigger that after the Bitcoin halving since a lot of people are gonna want to get a piece of that Bitcoin, also compared to the past years and months Bitcoin adaptation already skyrockets and we are well promoted to a lot of countries and already adapted by even bank platforms so Im expecting that is it going to be a huge pump compared to the last all-time high.

I doubt that there is a need for " huge amount of money to be poured into bitcoin" (fuck shitcoins) in order for BTC's price to go up considerably to $100k and beyond..

Sure if the BTC price is going to reach $1 million in this cycle, then maybe in that case a "huge mount of money" might need to be poured into it in order to reach $1 million per BTC... perhaps? perhaps? but even $1million per bitcoin is merely double the market cap of gold, and many of us already recognize and appreciate that bitcoin is likely in the neighborhood of 1,000x better than gold, but it still could take 50 to 200 years before bitcoin reaches 1,000x gold's market cap. Not easy to know about some of these kinds of adoption matters and also the various likely ongoing battles along the way.