so that we do not have to sell any BTC during our investment period.. and so after 10 years of investing you can reassess
I started investing with a lot of thought before investing in Bitcoin. I also know that investing in bitcoins is not only profitable, it can also lead to losses. I said in my previous post that I could have borrowed from my family and invested in Bitcoin but I didn't, I wanted to invest in Bitcoin with my earned money.
Everything we do in life has risk associated with it and Bitcoin is no exception. Bitcoin is exposed to the general risk that is common to all digital businesses such as losses due to hacks and theft, risk as a result of mistakes in keeping the wallet information safe where it can be accessed and remembered, risk as a result of incidents such as natural disaster and fire outbreaks and so on. Apart from these general risks, most of the risks people link to Bitcoin are man made and avoidable. They are mostly caused by fear and greed which can easily be eliminated or greatly reduced by adopting the right approach and developing the right mindset.
When Bitcoin investment is treated like every other form of investment, most of the risk will naturally go away. For instance, when we start a farming business, we following the necessary process of planting and waiting till period of harvesting before we expect some return on investment. No one start farming business today and is expecting to make multiple of his investment the following month or two. The same can be said of fashion business, real estate and virtually every other business. Unfortunately, when it comes to investment in Bitcoin, people want the huge return within a very short time. They are not ready to give it time and nurture the portfolio to maturity and when the expected fast return is not forthcoming, the FOMO and most times sell even at loss and retire to amplifying the risk of Bitcoin.
I'm yet to see a single person who bought Bitcoin properly and held for at least 5 years that is regretting today. Therefore, I feel the risk associated with Bitcoin is not fairly presented and most times exaggerated.
Risk is part of investment and bitcoin is very well known with this that's why for people want to try to invest on this must conduct a lot of researching so that they would not came to the point that they realize that their expectation about fast to earn money here is not actually true. So they need to know that there's certain timeframe of everything if they want to see the real result if planning to invest in bitcoin. Maybe some people same as you might consider it farming since there is some similarities but the only difference here is the time span we need to consider since bitcoin could potentially give us the result on its 10th or even above with this number of years.
Although as being said that we should asses later on the possible result then for that we can figure out if its really worth it for waiting at that time or not, but base on history bitcoin really show that its good for long term since it brings a lot of profit for its holder if they just do the right thing upon holding their coins for long years or decade.