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So it's rather exponential than in terms of multiplication, I used to think that it's kind of a doubling effect where my capital would just keep increasing, but now this is totally mind blowing, giving long term holding a stand point as the best approach anyone can have, just imagine how much people that sold their holdings earlier would be regretting now that this compounding value has reached more than 120x in just 8 years, I have never heard of any investment than can give such returns of investment in a short time.
It tends to be quit difficult for regular people (even people who are really good with math) to appreciate the power of exponentials (and compounding), and sometimes even people who make mistakes and they cash out some of their earnings at various points along the way, they frequently won't realize how much they are losing out when they extract profits along the way, especially when an asset like bitcoin has had many tendencies to double .. and surely those guys that got into bitcoin in the single digits and double digits experience even more doublings.. so of course, it depends on when you started, and like I kept mentioning some of your coins are going to have lower cost starting points than others, and frequently we might strive to average out our costs in order to attempt to make our calculations easier and there is not necessarily any one correct answer - even though sometimes record keeping and analysis can get sloppy when there might be a lot of small purchases that are spread over several years, and maybe even spread over decades...
which is part of the reason why I am such an advocate of learning and using a program like Excel to help you keep track of some of these kinds of matters... and sometimes by playing around with this kind of information, you might come to understand the matters better.. including that in bitcoin frequently there can be very long periods that seem like a lot of stagnancy and very little movement in the BTC price, but then sometimes also there will be stair steps upward (or even sometimes stairsteps downward), but since the trend has been mostly up, guys will some times get lost in the down trends, and fail to recognize and appreciate the up trends.
And from the way I see it since I'm still a new investor, just 3 months in, in think I the next 4 years I would be expecting a 4x* 2 doubling effect on my holding, then just imagine keeping to the plan of holding up to 10 years or so then I would be having almost or if not more than 150x compounding value on my portfolio. I guess choosing to be a holder wasn't a bad choice at all.
From my perspective, you seem to be getting the wrong lesson from the information about bitcoin's to-date exponential price history, because you cannot expect any additional doublings in bitcoin's price in the coming 4-10 years or more, but you can still attempt to prepare yourself by understanding that you could lose everything that you invest, but there are also upside scenarios that may or may not end up playing out in the coming 4-10 years or more.. and I am not sure what your investment timeline might be, 10? 20? 30? years, perhaps?.. and if you are not in bitcoin and if it does happen to end up going up in price, then by not being in, then you are not going to benefit as much from the upside scenarios that might end up playing out (and might not end up playing out).
Sure, bitcoin continues to be amongst the best of investments currently available (if not the best investment currently available with likely increasingly strong investment theses based on a variety of factors including ongoing and continued building of its
7 network effects, as outlined by Trace Mayer, yet even with so much ongoingly good news about bitcoin, there are still no guarantees that its price is going up rather than sideways or down, even if you keep investing into it for 4-10 years or longer..