Quote from: HONDACD125 on August 27, 2023, 04:42:48 PM

Quote from: Salahmu on August 26, 2023, 07:39:06 AM

But to me I believe that no time is wrong for an entry point to accumulation some Bitcoin because is a very potential coin and the future is bright so the possibility of enjoying your investment in the future is certain but that's for long time holding because there is no way you will accumulate some Bitcoin now and expect it to sky rockets immediately.

I think this is the best time to invest in Bitcoin and the current entry can give us good returns in the future. However, some are speculating that Bitcoin could fall back to $15k. Many are waiting to enter if the market falls further, but I think the current opportunity should not be missed. You're right, bitcoin has a lot of potential, and if there's a coin that can be trusted right now, it's bitcoin. This being the cryptocurrency market, nothing can be said with certainty here, but investing in Bitcoin is safer than other coins in the market, and the potential for profit is also higher. Yes bitcoin investment should be long term because bitcoin may not give us good returns in days or months. For this we may have to wait for a long time.

Your ideas of a long-term seems to hardly even in the ballpark of contemplating "long term"

You seem to be considering long term in terms of "whenever the BTC price bounces and gives you an amount of profits that you feel sufficiently good enough."

which is more of a traders mindset rather than the kind of long term that we are talking about in this thread in terms of 1, 2, 3 or even more cycles... so careful if you are fucking around too much with figuring out when to sell your BTC within one cycle and then getting stuck into a bitter position because you ended up neither accumulating enough BTC and also selling way too many BTC at too low of prices.

Quote from: adultcrypto on August 27, 2023, 05:01:17 PM

Quote from: JayJuanGee on August 27, 2023, 05:20:41 AM

I have made mistakes along the way, too, and there are surely folks who have had way better price performance than me.

I have approximated that my more than 20 years of investing prior to bitcoin (prior to late 2013) on average was only earning about 5.5% per year (there were up years and down years but the average was around 5.5%), so those were pretty standard kinds of investments and standard kinds of returns.. maybe even mediocre.. but accounting for various mistakes contained therein.

When I added bitcoin to the mix of the investments, the performance went way up, but it did not go up until right around 3 to 3.5 years later, if we account for either late 2016 or maybe into 2017... and so part of the resulting positive is that even once my BTC price performance got to a pretty decent size to outpace all of my other investments, it really did not drop below $3,124 in late 2018.. so even the lowest of corrections kept the BTC holdings in great profits.

So even if you were to attempt to plug numbers in here, you do not necessarily get to stellar performance, and of course, BTC prices went up 20x from the 2018 lows but also corrected back down to right around 5x.. and perhaps now we are around 8x to 9x from the 2018 low.. but I like to characterize my own overall BTC holdings in terms of having a cost per BTC right around $1k per BTC, and therefore it is easier to estimate the BTC part to be around 26x up, overall.

Even though we might want to believe that it is never late to invest in bitcoin, I am sometimes tempted to think I did not really start early. If you compare the time and resources it will take someone to get 1BTC in say 2016... project it to now that 1BTC is above the annual earning of some jobs regarded as high paying;it is as if the train have left.

I would suggest that you try not to be envious of what other people did, and sure maybe you made some mistakes in terms of your having had a sufficient amount of information to guide you in terms of buying bitcoin, but you failed to sufficiently and adequately act.

you cannot turn back the clock, and you can ONLY go forward based on the information that you currently have ih your head (and hopefully in your ongoing studying the BTC space that also includes ongoingly actively buying BTC in a way that is sufficiently aggressive for you, but not so aggressive that you end up losing more coins than you would have had wished to have lost.

Quote from: adultcrypto on August 27, 2023, 05:01:17 PM

well, the future still look bright and even though the early adopters are well positioned now,

I continue to make the point that you are currently an early adopter. Sure there might have had been some BTC price appreciation that has caused you to not be able to get as many coins than if you had entered 3, 5 or 7 years ago. .(or even longer), but there still is likely way less than 1% of actual bitcoin adoption and even a lot of the businesses/financial institutions and governments are not likely accumulating as many BTC as they should be doing at these prices...

so figure out what you are going to do to attempt to make your own BTC/investment portfolio as strong as you are able to accomplish within your own financial and mental circumstances.. and sure your skill set and your abilities to learn (or maybe difficulties in terms of having enough time to spend on BTC investing and/or balancing of your accumulation strategies).

yeah, you might never be able to get a whole BTC, but do you really need a whole BTC?

Look at my fuck you status chart again... and think about it.. you may well not even need to get to $2million in networth in order to be in a much better position because you ended up accumulating 0.5 BTC by 2035... or whatever might be within your financial and/or mental abilities (and of course actions) to accomplish.

Quote from: adultcrypto on August 27, 2023, 05:01:17 PM

there is still a chance for some huge gains.

Of course. Bitcoin likely has around 1,000x the value of gold, but it is ONLY about 1/20th of the price of gold, and sure it could take 100 or 200 years for BTC to reach its fair market value relative to gold, but if we have some clues about bitcoin, we likely realize that its price pressures are likely ongoingly in the UPpity direction.. even if we cannot really exactly figure out if some kind of timeline is going to work out exactly for our own hopefully ongoing BTC accumulation strategies.

Quote from: adultcrypto on August 27, 2023, 05:01:17 PM

I see bitcoin making it to the mainstream, it is a matter of time. The uncertainties in the world and political developments is already suggesting that something not controlled by any of the powers of the world will be a preferred choice of many and bitcoin fits well into this narratives.

Yep.. and most people (maybe 99% or so) do not even know this information that you just described.. but even though you likely know something that other people do not, does not necessarily mean that your investment is actually going to end up paying off, so hopefully, you figure out an ongoing BTC position size that works for you in your likely ongoing many years of accumulating BTC.. maybe you will look back in 10 years and conclude that you were not bullish enough.. or maybe you will look back and see that you screwed things up because you were overly bullish and you had not figured out ways to adequately/sufficiently secure whatever coins that you end up being able to accumulate along the way.