Quote from: ginsan on October 05, 2023, 09:13:49 PM

Quote from: JayJuanGee on October 02, 2023, 02:18:55 PM

Quote from: ginsan on October 02, 2023, 09:27:11 AM

Quote from: JayJuanGee on September 29, 2023, 11:12:40 PM

Quote from: ginsan on September 29, 2023, 10:23:35 PM

Quote from: JayJuanGee on September 29, 2023, 12:52:02 AM

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 think that you took my points differently than I had intended because I was mostly attempting to describe the various challenges in investing into BTC and also holding for the long term... so "easier said than done" has to do with how difficult it can be to HODL or keep buying or to just have some solid strategies (that could even include some selling on the way up and buy on the way down), especially when profits can sometimes seem to become so great so quickly.

I understand what you have explained, moreover, you explain it in stages which is very easy for us to understand. Yes, sudden profits are indeed a temptation for us to take them, but that is a trial that we must pass if our planning is to hold out in the long term. But I admit that there are many strategies that make us confident to hold on for the long term, one of which is profits that are multiples of the profits that are coming now. Of course that motivation is what makes us optimistic to continue to focus on accumulating Bitcoin at every stage. Our motivation grew to hold Bitcoin for a long period because of several facts that we saw. For example, you, you bought BTC in 2013 and held your BTC holdings for a long time, of course if you look at the profit ROI, of course you have made profits that you didn't expect before.

Therefore we want to follow your lead in continuing to hold Bitcoin for the long term. Moreover, the halving will occur next year, Bitcoin will automatically increase in price if you look at the history of the halving 4 years ago. There is no more effective strategy than DCA which we have implemented. Maybe one day we will start with larger capital if we get money from bonuses where we work.

Well yeah.. you can just keep plugging away, so each person is going to have differing goals.. and so maybe since you have been in bitcoin longer, you might have had been able to accumulate more bitcoin than some others who are brand new to bitcoin, and some guys might consider that they would like to get to 2 BTC in the next 10 years.. and so along the way they might have several targets, such as first reaching 1 million satoshis.. then reaching 21 million, then reaching 50 million.. and then 1 BTC.. and then 1.5 BTC and etc, etc. etc...

so like you mentioned, there could be times in your life where you end up getting some extra cash come your way.. such as $2k that you did not expect, and maybe you decide you are going to use $1,200 to buy bitcoin and then you have some other personal plans for the other $800.. but your level of aggressiveness and consistency can pay off, and if you clearly consider yourself in an accumulation phase, then you should not be wanting to engage in behaviors that might be screwing up your plan.. but you also don't want to act so aggressively that you have not adequately planned various expenses in your life.

Another thing with bitcoin price dynamics, the longer that you are in bitcoin, and if you are able to exercise prudent and reasonable practices, then you can surely engage in practices of buying on the dip or even shaving off a little bit of bitcoin at various points in which the BTC price rips UPwardly a lot.. and sure the BTC price might not correct back down, but if you figure out how to sell small amounts of BTC, then you should not necessarily be concerned if you ended up being correct or not about anticipating a correction.. and surely it is not easy to get ahead of the BTC price and that is frequently why some guys will refuse to sell any BTC at all while they are in their accumulation phase until they get to a certain level of profits and also a certain level of accumulation... so sometimes any sales of BTC will end up falling into a category of spend and replace within a fairly short period of time.