Most times when i hear how all these statements that people come into investment because they heard it's a fast way to become rich i wonder if they do not read about investment or know that investment is not a get rich quick scheme and also that risk is involved in it. Wait, i want to be sure here, why would anyone want to start an investment without knowing what the meaning of investment. Because anybody with the get rich scheme motive don't know the meaning of investment at all and should be prohibited from starting an investment especially Bitcoin investment which has high volatility.
We cannot really forbid people from investing on this market, as even if those people are making a grave mistake by putting their money at risk at an activity and with an asset they do not fully understand, at the end it is their money and their risk to take.
Of course, you have understood the concept of Bitcoin but not everyone believes that in decades to come Bitcoin would still be increasing in value. If you ask some investor, they will tell you that there is a possibility for Bitcoin to come to zero which i believe that is impossible. Instead, we might see Bitcoin to reach 1 million and above and through that way many will not be able to afford it anymore only the wealthy will be able to buy Bitcoin.
The chances of bitcoin being worth one million dollars on the future are higher than bitcoin being worth zero dollars, on that I agree, however you need to always keep in mind that anything can happen no matter how unlikely we believe it is, and while the risk of bitcoin being worth zero has diminished substantially since its early days, we cannot really dismiss this possibly as being completely impossible.
Yes, I also buy the same sentiment as you bro, as it stands now, due to the popularity and growth Bitcoin has made over the years, it's more likely for Bitcoin value to rise up to a million dollars in the future than Bitcoin going to zero, that's why it's one of the most sorted after asset right now, I know that due to some factors, we might have our own doubt if we are a newbie investors, but we that has gained more knowledge and insight of Bitcoin knows how valuable it's going to be in the nearest future, because I am very much confident that it limited supply is another major factor that can spur the value of Bitcoin to an amount we never expected.
So in essence of all this is that if as a Bitcoin investor that really want to be successful in your investment, it's very much advisable to be a long term holder, so that you can reap the full dividend of your Bitcoin investment, because Bitcoin is actually going up to the moon, the question here is how long can you hold?