So, don't assume that Bitcoin will give you profits quickly. To achieve big profits, we need to be patient and ready to invest in the long term. Buying aggressively and taking advantage of falling price opportunities allows you to profit more efficiently when the market becomes bullish.
I agree with these ideas.. except to the extent that you (ginsan) seem to believe that the long term causes a guaranteed that you are going to end up being profitable, which it does not.
This response of yours has now open and/or widen my horizons, because most people have created this illusion around long term holding of bitcoin as the messiah that guarantees 100% profit in future without rational thinking, just to prove themselves lovers of Bitcoin or thereabout. now making someone who is selling out their Bitcoin of any amount look foolish or something even though the reason for selling is quite convincing and underminding the fact that Bitcoin is over 14 years now that it could be someone's target of holding or someone who has hodl for about 10 years or thereabout could have been a long time holding for the so called person. Some people might sell out there holdings for some reason like health issues etc but constantly I see people judging from their subjectivity and/or biased views that it is only advisable to hodl for long time. The manner in which it's been discussed brings up this xenocentrism in people who might not be well grounded in Bitcoin or the forum itself to feel so low and/or disappointed in themselves speaking from an empathic view. In as much as am concerned the major reason for venturing into Bitcoin is for the sole aim of profit. Infact every investment is majorly for profit but although in the case of Bitcoin it not about investment but other knowledge included. So considering long time holding doesn't guarantee profit.
Your comments are mostly fair Churchillvv, yet there are a lot of ways to deal with uncertainties in terms of upside and also acknowledging that upside is not guaranteed and even going to zero is not a non-zero event, even though it may well be a 1 in a million kind of an event...or some other low probability kind of a situation.
So a couple of fairly obvious ways to deal with the various negative scenarios might be to figure out position size that allows you to account for that, and there is no reason that you might still be aggressive and also be reluctant to sell any BTC until reaching some kind of a target amount while at the same time acknowledging the various possible negative scenarios.
Another thing is that bitcoin is such a great asymmetric bet to the upside that if the upside scenarios end up playing out any of us could become rich as fuck (or at least beyond any of our wildest of expectations) and the most that you could lose (as long as you don't employ leverage) would be 100% of your investment, but you could end up gaining multitudes higher especially since there is a quite a bit of power in compounding profits which results in exponential growth of investment sizes.
Another thing is that you could actually still achieve exponential growth and great compounding profits even while shaving off small amounts of profits along the way... and I think that I mentioned to someone that I have around 80% of the amount of cash in my bitcoin related investment portfolio that I had totally invested into bitcoin, but still my cash is like only 2.5% the size of the value of my whole BTC investment porfolio that includes calculating the value of the bitcoin and the cash that is dedicated to buying bitcoin.. . and part of the explanation is that my BTC profits are around 37x to 38x, so you might be able to imagine why the amount that I invested is like around less than 2.5% fo the overall value and that happens to be the amount of cash that I am holding... so it can be quite amazing to be able to shave off profits from time to time, and still have plenty of BTC so that there is not so many worries about it.. even though surely, even if someone has a lot of other non-BTC assets, sometimes there still can be feelings like there is too much bitcoin exposure.
Some people will be quite challenged to ever getting into a position of having too much BTC, because sometimes it can take 10, 20 or 30 years to get to that kind of a position in which you had been building up your investment portfolio.. and still be lucky to still be alive an to be able to reap some of the profits from it.
Another example might be a real poor person who might ONLY make less than $5k per year, and so it might feel like a real lot of money to get up to $5k invested into bitcoin, and if the person ONLY has bitcoin and cash as his/her investment portfolio, there could be some questions regarding if such person should not start to engage in diversification. .. and so at what point is the diversification question becoming relevant might be different foreach person even though I like to use the annual income as a kind of guide and I also like to consider that anyone getting in the arena of 20x to 30x of his/her annual income in his/her investment portfolio, then s/he is likely reaching entry level fuck you status, which largely means that s/he should not need to work anymore and s/he should be able to live off of his/her investment portfolio for the rest of his/her life without really depleting it.
I have several times mentioned that I like to use the 200-week moving average to assess the value of my BTC stash (not spot price), and so spot price could still affect what i do, but the 200-week moving average helps to reach a fair value of the BTC based on bottom prices. rather than getting mislead by bitcoin's ongoing volatility that is not likely to really get any better in the coming 10-20 years, which should be relevant to almost any of us currently investing into bitcoin.