Quote from: Sim_card on Today at 07:59:19 AM

But instead of bank, put this money into bitcoin, because bitcoin ~~will maintain the value~~ has good odds of maintaining value and or increasing in value of the money overtime.

FTFY

Of course, there are no guarantees, and our language should attempt to reflect that both there are no guarantees, but also there are various good and/or positive upside scenarios that make bitcoin a good asymmetric bet in which you could put a certain amount of value into bitcoin with a calculations that there are various scenarios in which your choice to put value into bitcoin performed better than it would have had performed had you put that value in other places.. still not guaranteed, but a good place to figure out how much you will allocate to such an asymmetric bet that also would assure that the most that you could lose is 100% of what you put into bitcoin, so long as you do not use leverage or margin.

Quote from: Sim_card on Today at 07:59:19 AM

If I can remember the amount of stuffs last 10 years is far cheaper compared to this present time, and imagine that you kept $200k in the bank as of then till now, the worth of your $200k will be maybe $50k currently. But an investor who invested such amount in bitcoin would have made up to $1M by now.

Someone who started to invest in bitcoin around 10 years ago and put $200k -ish into bitcoin would have a variety of scenarios in which s/he might have fucked up quite a bit and still ended up with anywhere between an average of $600 per coin and $2k per coin, so that would be much more than $1 million in value.... such a person who started around 10 years ago and invested $200k (even over the next 2-3 years) could have had pretty decent chances of getting the better average of $600-ish per coin which would be 333 BTC (around $22 million in spot price value) or maybe the worser situation of having around an average of $2k per coin which would be 100 BTC (around $6.7 million in spot price value).. and even if we might use the 200-WMA to value our BTC stash, we would still have between about $3.35 million to $11 million in our valuation of our BTC stash with our having had invested $200k into bitcoin over the past 10 years-ish.

See this example of $385 per week over 10 years starting from May 1, 2014 and ending up with more than 165 BTC.

Quote from: Sim_card on Today at 07:59:19 AM

You see, it saves the value of the cash and the most interesting part is that it does not just become an hedge of inflation alone, bitcoin will see give you a bigger profit because the price of bitcoin increases overtime. This is why those people that don't have bitcoin and want to start investing should do that immediately they have the money to invest using the DCA method buying weekly or monthly regularly, and before you know it, your bitcoin portfolio will reach a reasonable size overtime.

Sure.. not guaranteed.. but it surely seems like a good thing to do and a good place to put some (if not all) of your extra value that you are willing to invest.

Quote from: Bravut on Today at 12:38:37 PM

Quote from: Sim_card on Today at 07:59:19 AM

[edited out]

Fait is getting inflated everyday and value keep track with higher amount, I won't suggest we keep or save in Bitcoin, it a very volatile asset of which we cannot be too optimistic of increasing value rather we invest a certain amount which we can afford to lose. You can expect someone to save in Bitcoin, the money that would have been used for daily needs and other projects, what about bear seasons or price corrections this cannot be overstressed we all are optimistic yeah but there should be limit, you can only do that when you have more than enough money at your disposable, if that's not the case it cannot be seen as Investment but financial illiteracy.

I was expecting you to outline people invest in Bitcoin because of how valuable it can be and an asset worth also like Gold of which is the best place to make our money work for us.

You sound a bit confused Bravut. Of course, investing in bitcoin comes from disposable income, so there should already be a commitment to invest that money for the long term of 4-10 years or longer and also an expectation that you could lose up to 100% of what you had invested into bitcoin.

Also fuck gold. . .but yeah whatever, if you want to put some of your money into gold then you can do that.. but sounds pretty dumb when you are seeming to want to suggest it as a good idea.