Post
Topic
Board Bitcoin Discussion
Re: Do not fall for success stories of bitcoin investors
by
thecodebear
on 01/06/2024, 19:07:37 UTC
I have seen new investors being carried out by seeing the success of big bitcoin investors. But , this is wrong approach in my opinion. Because, I personally feel that most of the people fail and they will never share their story. So, most of the stories that new guy searches , he will find only good success stories. But that is not correct overall picture. One should keep the limitations of crypto in mind as well. What is your opinion about this ?


If you buy bitcoin and hold for 4+ years, and you hold your bitcoin yourself in a safe way, there's basically no way to "fail". All of the fail stories about Bitcoin are from people keeping their bitcoin on exchanges when the exchange gets hacked, or lending their bitcoin through some third party, or only holding for a short amount of time and panic selling, or falling for some scam, or just the early days when it wasn't worth anything so people threw away or lost the keys. If you hold for 4+ years and store it properly in your own cold wallets (safe, secure, encrypted, with redundancy), it would be extremely extremely unlikely to "fail" with bitcoin.