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Quote from: JayJuanGee on April 29, 2024, 06:31:16 PM

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My point is not so much about the timeline exactly, even though I agree that having a longer timeline should allow for pacing of the investing - yet all along, any of us should know that at any time, our investment in bitcoin could go to zero, so we could lose up to 100% of our investment, and we could also lose some variation in-between 0% and 100%, since bitcoin is also not guaranteed to make any kind of a profit.

There surely is the other side of the ledger that should also establish that it is possible for BTC prices to appreciate greatly, so that remains part of the nature of an asymmetric bet.. a possibility of losing up to 100% (and no more if you do not leverage), but also there are various upside possibilities too, that contributes to abilities to potentially profit several times more than 100%, depending on how either side of the scenario plays out, and surely there have been many of us who have already profited stupendously in bitcoin, so we likely have decently sized profit cushions, yet there are also people who are more recent entrants into bitcoin, and surely bitcoin's price is generally up so a large number of folks who have been buying regularly and consistently over recent times are likely to be in profits, even though more recent entrants may or may not be in profits, and new entrants into bitcoin have to consider the various ways that they might want to get into bitcoin, including my own ongoing recommendation that anyone new to bitcoin should get started right away, and sure s/he may have to figure out details at a later date.

The future of our bitcoin investment remains uncertain and either possibilities of we profiting off our investment or losing 100% of our investment can happen and should be considered, but sincerely speaking I myself along many others hardly put in mind or would want our bitcoin investment after holding and accumulating for so many years to not profit us, I also understand that to be on the safe side of the spinning coin we should invest with money that we won't miss during the time of our investment or something like our spare money, yet the reality before us is the fact that bitcoin is doing well and has been for some years, making many that invested earlier rich and others in good profit and we also know that the only way to prepare for up is to continue buying bitcoin, leaving us in situation where we have to side one variable of possibility over the other at least a little.

Here is what I mean, I know that bitcoin might not do well and also it might do well and to be safe I have to invest with money I won't be needing, but if want to profit from bitcoin I have to have a good stash which means been aggressive to a point and that involves giving all or a major percentage of my disposable income to bitcoin and at that point if bitcoin goes wrong I will be hurt, if I like it or not, but i won't be affected by it since I wasn't investing out of my disposable income.

And this can also come to affect how many of us would approach investing in bitcoin, to be either whimy since they would rather side the fear of losing all or aggressive knowing that there is a risk of loss but rather choses to buy bitcoin aggressively.

It's actually true that no investment is risk free and Bitcoin is no exception, but it's an asset that is worth investing in, because it has proven itself over and over again over the years that even though it goes through a rough path at some point, it can still rally it way up regardless of the effort it haters put in for it to crash, but it still stands strong.

And we need to know that not everyone that invest in Bitcoin will be able to build a generational wealth because not everyone will be able to accumulate enough stash of Bitcoin that can have a major impact on his or her life, so in other for we to be able to build generational wealth over the years, while practicing the DCA method, we need to try ask much as possible to accumulate a very good stash of Bitcoin, because that is what will determine whether you will be successful or not on the longer run.

This is right but at this point, everyone should invest according to their size and income regardless the high gains and profit involved. The common reason why people talk about buying bitcoin with high amount is because of the profit involved but we forget about our plans, responsibility and financial ability are different, or rather an investor can decide to buy using $20 weekly although this sound low compared to another investor using $50 weekly during the long run, profit will definitely be unequal so this is the common reason why investors accumulate with high amount but it's best everyone accumulate within a nice range that will not cause distraction, If the $50 weekly accumulation will cause problem I will suggest for an investor to reduce. I don't know if all this is coming from the point of competition but I think it's wrong competiting while investing in bitcoin, investing is all about comfort so I see no reason why anyone will invest more than he/her income