Post
Topic
Board Bitcoin Discussion
Merits 1 from 1 user
Re: HODL bitcoins, you can do it! Look at HODL camp map to build up strong hands
by
MusaPk
on 17/02/2024, 18:28:42 UTC
⭐ Merited by JayJuanGee (1)
It is hard to rest on my laurels, and yeah sometimes I feel that I should put some of the ideas or structure of my prior posts into my investment ideas thread, so that I don't need to repeat work that I had already done.

This is something badly required. All your previous posts must be gathered at one central place for quick reference. i have to spend time finding that 6 Hypo's post and that can be avoided if there is a central place where all posts are residing.

For example, I am kind of proud of a post that I just did in regards to the compounding effects of bitcoin over the past 8-9 years.  Here's the relevant part.

.........So, let's look at the historical numbers and the timeline from 2015 to present again.

1) 0) $250  (2015)                                    1X
2)  1) $500  (2015-2016)                           2X
3) 2) $1,000    (2016-2017)        2X * 2 = 4X
4)  3) $2,000  (2017)                  4X * 2 = 8X
5)  4) $4,000  (2017-2020)          8X * 2 = 16X
6)  5) $8,000   (2017-2020)        16X * 2 = 32X
7)  6) $16,000  (2017-2022)       32X * 2 = 64X
8 )  7) $32,000  (2021-2023?)      64X * 2 = 128X
9)  8 ) $64,000  (2021-?)             128X * 2 = 256X
10)  9) $128,000  (?)                    256X * 2 = 512X

This is an excellent chart for anyone who want to see how your Bitcoin value increases with time or see the Bitcoin compounding effect over a period of 10 years. We don't know what's coming ahead but this price chart is clear indication that something big will be coming in next few years. I will also bookmark this post like the 6 Hypo's post for ready reference.
With such data in hand, one must not worried about future price of Bitcoin. You just need to invest in Bitcoin (lump sum, dca or buying on dips) then all you need is patience to HODL that for at least 5 years. It's not that complicated.