Quote from: Barikui1 on Today at 01:03:41 PM

Quote from: Mayor of ogba on Today at 12:33:35 PM

Quote from: Marvelockg on March 28, 2024, 08:31:08 AM

Quote from: Wind_FURY on March 28, 2024, 07:31:26 AM

Plus plebs like me who are just starting during this cycle should be with an attitude that any "life-changing" amounts of money can't be earned in merely one cycle. For the 90% of us participating in Bitcoin Land, it will probably take three bull cycles, or probably more. Plus to those people who are willing to risk it by participating in some shitcoinery, do it where the market is denominated in Bitcoin. Do it in Bitcon DeFi, it might be one of the biggest narratives during this cycle.

it's not just about staying too long that gives you good profit out of your investment, it is actually accumulating as much as you can within a stipulated time frame and then selling when you've reached your investment.

When it comes to bitcoin investment, those who hold bitcoin for the long term are always in good profit because bitcoin price will always go high. For instance, imagine both of us accumulating 0.05 BTC each with $1500 when Bitcoin was at $30k. When the bitcoin price rises to $50k you decide to sell your bitcoin and start a business with the profit. And I continued to hold my bitcoin until now, when the price is at $70k. If I decide to sell my bitcoin, I will make a better profit than you.

You are actually right on this, if you look at the historical price of Bitcoin over the years, it has practically gotten better with age, it has behaved like a fine 🍷 wine, so it's even more likely that the more you hold unto your Bitcoin investment, the more you make more money out of it, so to me, sometimes I feel sorry for those that sold now, even though they sold at a profit, because the actual price of Bitcoin is no where near it current price like in 5 years time from now, and I also believe that due to it limited supply, it's a certainty that at some point, it price will skyrocket to a figure that even we, it supporter never expected.

There is no doubt that the historical example of Bitcoin's origin is a logical consequence of the future.Governments of various countries are busy printing fiat money to deal with the country's liquidity crisis which could be more dire for a country's future.In this situation, inflation takes a more pronounced form. Inflation lowers the cost of living.In this case, due to the decentralization of Bitcoin, there is no opportunity to intervene in its price control. In addition, when the adequacy of Bitcoin becomes limited and the investors want to buy more the price may not be in your hands. And one of the basic elements in the economy is that the demand for something increases as the price increases.And in the future, where the price of Bitcoin's simmer supplies will be taken, it will tell you the time.