Quote from: JiiBs on Today at 10:54:04 AM

Quote from: JayJuanGee on May 02, 2024, 10:50:00 PM

It is not a zero chance that bitcoin would either go to zero or some other variation of going down from here rather than going up, so if bitcoin were to continue to spiral downwardly without ever recovering and if you were to keep buying bitcoin and it never recovers, then surely in those kinds of circumstances you would end up losing, and even if they might be low probable outcomes, those are not zero possibility outcomes

Looking at persisting circumstances, the likely possibility that these could ever be the case have got no significance. Hence, it doesn’t really have a base to be a very considered option in taking Bitcoin investment. As we have the negative news that seems to influence user’s decision, so also do we have the positive and all that is reflected in the market movements by investors.

Even though I feel like I am being a bit redundant, surely the various positives of bitcoin seem to quite outweigh the various negatives, and surely that is part of the reason that I have been invested in BTC since late 2013 and largely spent my earliest years in bitcoin focused on accumulating it - even when there were not very many folks who were looking into the matter of bitcoin and even taking small stakes in bitcoin during those times, and surely there remains some obstacles in terms of a lot of normal people and/or even educated people or otherwise folks who invest into things, and still so many people still fail/refuse to invest into bitcoin, even with some relatively small portion of their discretionary income (or some small portion of their investment portfolio, if they happen to have an investment portfolio).

Also, part of my point is to continue to emphasize that the most that you could lose is 100% of what you had invested, and so that should be part of your calculation in terms of whether you would be wiling to completely lose everything that you put into bitcoin, and if it takes you a while to build up your bitcoin holdings, you may well start to have quite a bit invested into bitcoin but then also there could well be appreciations in the BTC price that contribute towards bitcoin occupying a large part of your investment portfolio as compared to any other assets that you might have whether that be only cash (cash equivalents) or if you might have some other assets such as property, stocks, bonds and/or commodities, and yeah I am not referring to holding shitcoins, but there could be some folks who don't really have access to making some of the other traditional investments, so they end up looking into shitcoins, yet hopefully do not end up investing more than 10% of their bitcoin holdings into shitcoins, especially since shitcoins are already correlated to the performance of bitcoin (meaning that they are only able to survive if bitcoin does well), and a lot of shitcoins are either affinity scams on bitcoin or otherwise providing little value.. at least in the sense of considering them as long term investments that you could sit on for 10 years or longer.

A lot of the concerns of possible negative scenarios for bitcoin can be addressed by position size, which also could end up having some trade offs in which a guy might have concerns about bitcoin so he holds back in his investment into bitcoin by being a bit less aggressive than what he otherwise could be, and so then if BTC prices end up going up, then he may start to feel regrets that he had not invested more aggressively, but those are the kinds of trade-offs that each of us should be more than willing to accept, and also part of the power of nature of bitcoin's asymmetric bet. There might not even be any need to be overly aggressive to still be able to profit stupendously from investing even fairly modest amounts into bitcoin, and surely that has been the case historically, and there is no reason to conclude that bitcoin asymmetric bet nature is not going away, even if some of the upside profit potential has already been absorbed.. .. and there are also no guarantees either.. which is also part of the nature of any asymmetric bet.