Quote from: Odohu on January 30, 2024, 10:36:10 AM

Quote from: Wind_FURY on January 30, 2024, 08:19:50 AM

Quote from: JayJuanGee on January 29, 2024, 06:31:33 PM

Your first paragraph is especially a good framing Wind_FURY.

In that regard, bitcoin provides us with a lot of various kinds of empowerment that is not merely about getting rich - even though getting rich seems to have had historically been an additional benefit that people have been receiving by building their BTC stash and mostly HODLing their BTC stash through many years.

Some people only come for the get-rich part of bitcoin and they are focused on the getting rich part and not even giving any shits about the empowering part, and surely some of these people will evolve in their thinking and understanding of bitcoin, but some of them will never get over the mere monetary focus, which I suppose in several senses if still valid, even though it is incomplete and somewhat superficial way of thinking about and understanding bitcoin... ..

even though as long as we keep building and holding our BTC, we can have very good chances of being able to end up doing both, too.. whether our original intentions had been exclusively on one or another, it still seems that both will continue to play out in the coming years.. and there are some who even say that it is inevitably based on math, even though many of us realize that it is not inevitable, yet bitcoin is a pretty amazingly designed system.. that is likely to persist and even to go up in value, which surely makes it more beneficial to any individuals to be sure to employ consistent, persistent, ongoing and perhaps even aggressive (without over doing it) accumulation strategies.

I'm guilty of that. ¯\_(ツ)_/¯

I started my journey through "trading" shitcoins thinking I would get rich, lost some of my savings, then I made the decision to put almost 100% of my savings until 2019 into Bitcoin. It was greed that attracted me here, but as I researched and learned more and more about "my investment", it stopped entirely being just an "investment", but it also became a back up/fall back in case the entire financial system fails/in case I need censorship-resistant transactions if we end in a world of CBDCs

We should stay for the ethos.

Well I guess we have similar story to tell. I started from investing in ICOs of shitcoins like PumaPay that collected over $8 million and gave investors shitcoins that died without value. Because of that I made the post that It is only Bitcoin and nothing else. So, be it trading or ICO and whatever, I have learnt my lesson the hard way and have taken the decision already and so far, I feel much better and relaxed.

I know some people argue that Bitcoin does not give huge profits like X10 or X100 over a shot period of time. This is true and I like it that way because it is only someone filled with greed that will expect to make profits of X10 to X100 with a very short time. Those who are fixed on following the part will always live to tell their gory stories amidst uncontrollable tears. There is a popular adage that says that "when rain beats you twice, you will know the real meaning of cold". So I will not allow myself to make the same mistake twice. No matter how lucrative they make trading or investing in ICOs seem, it is and will never be for me.

Building a Bitcoin portfolio may be slow with its challenges such as being disciplined to follow the plans, but what is certain is that you are sure that you are biulding on a solid foundation and not on quicksand.

But it's good to take some risks and make a move. You might get lucky and hit a jackpot OR get burned and learn the hard way.

BUT knowing what you didn't know during the ICO boom, I believe you would have dumped "PumaPay" with profit and stored your capital and the profit in Bitcoin, where it will definitely be safe. It may be volatile, but it can never be taken away from you.