Post
Topic
Board Bitcoin Discussion
Merits 1 from 1 user
Re: It is only Bitcoin and nothing else
by
ginsan
on 02/10/2023, 09:27:11 UTC
⭐ Merited by JayJuanGee (1)
There is a power within compounding and exponentials... so if the BTC price is going up through the years, and maybe not very clearly over a few years, but over a cycle or two, you are able to see a kind of stablizing and building upon itself in such a way that after a certain passage of time, it becomes quite difficult to push the BTC price below certain price points. 
With all the experiences you have shared, of course it is in accordance with what I said before, where holding BTC for a long period of time promises greater profits. Because it is based on several interesting things regarding the future development of Bitcoin, be it mass adoption or lots of positive news that can make Bitcoin prices rise significantly.

Easier said than done.  Unless you have a lot of confidence in your various other investments (so I guess I am speaking towards diversification.. but not into shitcoins), it can be quite difficult to see your investment go up 50x or more, and sure I am not even claiming my own to currently be up more than 27x, since I like to use $1k as my average cost per BTC... .. and so you can imagine  that at some point there's gotta be some shaving off, and figuring out how to deal with the volatility without screwing things up.. ....
No, I'm not interested in the word diversification. You seem to imagine that it will be very difficult for us to achieve large profits in the coming years. I will not attribute income to profits in the short term because I am more interested in doing it in the long term. Volatility is not a reference that will disturb us from always checking the depth of profits every week/month. I don't think we will know for sure how progress will occur in the next year or the next 10 years on the price of Bitcoin. But seeing as the history of Bitcoin always goes up and returns a positive enough Roi for holders in the long term so we are interested in doing it.

Diversification can always be linked to Shitcoin even if you have denied it. However, this word still doesn't really make us interested in the mention of diversification that you mentioned. Yes, maybe we started quite slowly but we will not be easily provoked by a lot of inaccurate words in our train of thought for the long term. One thing I admire is your level of determination in holding Bitcoin for so long and I want to do the same thing you have done.