Quote from: itorai on Today at 08:26:10 PM

Quote from: arjunmujay on April 03, 2024, 03:04:32 PM

Quote from: itorai on April 03, 2024, 02:23:37 PM

I agree with your view @leonair that big investors and realize that bitcoin has great potential, maybe they are ignorant and do not pay attention to the conditions where the new ath has occurred, because they invest long term for a dozen years maybe more, and what is clear is that bitcoin is very unique where in the past he was considered an ordinary coin and in fact now bitcoin is being hunted by investors who are aware of its potential.

what about you now, have you started to accumulate bitcoin ownership?

In fact, it would be great if you could hold on to Bitcoin for up to a dozen years. but it still depends on the age of the owner. and it is impossible for someone who is 40-50 years old to continue accumulating bitcoin for a dozen years. If you are still young, maybe you can have a peaceful old age. but the fastest in my opinion is only 4 years, then think about what happens in the future. continue to continue or sell it little by little to enjoy a fulfilling life.

It's not so big that I accumulate only a small portion, if possible I install it and collect in several wallets.

That means I collect it now and sell it in the coming year. So I don't mean that I collect continuously but collect for a year and wait a few years later.

That's the right step, because buying Bitcoin doesn't have to be 1 BTC. You can start with the small ones first. How much depends on your income. The greater your income, the more you can set aside to buy Bitcoin.

It's even better if you set aside most of your money for investment. for example, for living expenses, lifestyle, emergency funds, etc. it can only be 30-40% of your income. while you can invest the rest in bitcoin. If you can reduce your lifestyle, you will definitely see good portfolio growth in the future.

If you put it in several wallets, it actually depends on each person. but in my opinion, it would be better to just have 1 wallet. but by having a record of some kind of spreadsheet or something. So it is clearly recorded, for example, how many bitcoins are to be traded in a 1 year period as you said, and how many bitcoins are for the long term.

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Quote from: itorai on Today at 08:26:10 PM

Quote from: leonair on April 03, 2024, 03:31:15 PM

Quote from: itorai on April 03, 2024, 02:23:37 PM

Quote from: leonair on April 01, 2024, 05:13:01 PM

Quote from: arjunmujay on April 01, 2024, 01:48:23 PM

Quote from: itorai on April 01, 2024, 01:12:46 PM

Quote from: owenle on March 04, 2024, 01:39:58 PM

Are investors investing in Bitcoin at ATH now are fools ? Is there chance of major correction from here as prices have already peaked now.

I understand what you are asking, clearly every investment decision will definitely involve risk, for Bitcoin prices can go up or down dramatically. However, it can all be anticipated with some other people's experiences that we can follow or roughly speaking (cheating).
Usually a major correction will occur after reaching the ATH, but Bitcoin and crypto markets are also known for their high volatility. Especially for those who FOMO is very stupid because they don't understand the habitability of a market and get stuck in a situation where they can't afford to sell it back because the price is plunging down and it takes a long time to wait for it to stabilize again.

The fool continues to think that Bitcoin will correct deeply and wait for it to buy it, while in reality Bitcoin continues to increase and even continues to print the latest ATH. If we talk about investors, of course an investor will not keep assets for a short time like traders. investors have a long view, so investors who wait for a deep price correction are the fools. Also take advantage of FOMO from retail or traders who don't understand Bitcoin and still think Bitcoin is the same as other shitcoins.

No one knows at what price ATH will happen so people who love Bitcoin are always interested in buying Bitcoin. But in this case, panic buyers and panic sellers make decisions very quickly due to which they face huge losses. As Bitcoin is a strong digital asset, it is wisest to invest in it long-term regardless of its price. there are HUGE investors who are now investing heavily in Bitcoin even though the price of Bitcoin has pumped up and hit a new ATH.

I agree with your view @leonair that big investors and realize that bitcoin has great potential, maybe they are ignorant and do not pay attention to the conditions where the new ath has occurred, because they invest long term for a dozen years maybe more, and what is clear is that bitcoin is very unique where in the past he was considered an ordinary coin and in fact now bitcoin is being hunted by investors who are aware of its potential.

Yes ATH is not permanent it is only a high price till present time so in future bitcoin price may be many times more than that so real holders never think about ATH. The supply of Bitcoin is limited but the demand is unlimited because so far not everyone has started using Bitcoin worldwide yet the price of Bitcoin is high and when Bitcoin starts to be used by most people worldwide then the price of Bitcoin will be higher. So holding only for long term is always a good decision

I agree with that view @leonair. Holding BTC for the long term could be a good decision, especially due to its finite nature and the potential for future growth in value with the continuous increase in global adoption, perhaps it could also be one way to build long-term wealth and will come in handy at that time.

I have also compared a person's bitcoin ownership compared to the total supply of bitcoin with the total population of the world.
the answer is that it is very good to store bitcoin assets for the long term. Moreover, looking at current BTC adoption, it can be said that it is still very small compared to the world population. Actually you only need to have 0.0025XX BTC ^[1], but because it's still so early, it's easy to have more than that. therefore take this opportunity to build wealth in the future as you said.
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[1] the total supply of bitcoin compared to the world population in 2024