Quote from: JayJuanGee on Today at 01:44:21 PM

Quote from: adultcrypto on Today at 12:38:12 PM

With the right mindset, to hold against sharp drops in price will not be a problem because the confidence will be there that Bitcoin will always recover.

I agree with everything that you said in your post except the last line (above), and it is problematic to believe that the bitcoin price will "always recover," even if we know historically the BTC price has trended up, and there is no real evidence that the UP trend in bitcoin is going to stop, but it is still not guaranteed to go up. so it is inaccurate to use the term "always" whether you are merely thinking it in your mind or believing that it is actually going to happen that way and that is the reason why you might end up overly leveraging into bitcoin because you wrongly have those beliefs about bitcoin being "guaranteed" to go up..

Don't get me wrong. Bitcoin is likely one of the best, if not the best investment currently available on a widespread basis and to everyone in the world, even though surely some people might not be in a financial and/or psychological position to be able to buy bitcoin, but bitcoin is still available to everyone and is likely a place that everyone should be putting some value and storing it for the longer term of 4-10 years or more.. but at the same time, the amount that anyone puts into bitcoin should be tempered by ongoing thinking that bitcoin is not guaranteed to go up.. even though it remains amongst the best of investments, if not the best investment and individuals are at the same time able to tailor the amount that they put into bitcoin to their own situations.

Bitcoin is undoubtedly the best form of crypto investment as Bitcoin has shown promising potential over a long period of time now however it still is a crypto currency therefore it takes being a Bitcoin optimists to keep in mind that Bitcoin has a zero percent chance of dipping exponentially.However the Bitcoin trust is reasonable and rational because it really has not failed In a long time so it's chances of dipping is almost zero but not zero.I wouldn't say hodl wisely in Bitcoin but hodl with optimism.