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Well said, everyone is entitled to there own opinion and choose in any form to go about there Bitcoin portfolio. The end game is profit,
I doubt that the end game is necessarily profits. Sure, we would like to be profitable 4-10 years or longer down the road, but we also would like to have decently good chances that our investment into bitcoin had given us more options as compared with not investing into bitcoin.
It tends to be especially problematic for bitcoin newbies to be worried about the extent to which they might be in profits in their first cycle in bitcoin, and maybe they won't be very profitable, and that should be o.k. as long as they are continuing to accumulate bitcoin, and hopefully figuring out some BTC accumulation strategies that largely tailored to their own financial and psychological circumstances, but also accounting for
their 9 individual factors.
but also the end game can be regret after profit, we choose to hold long term because the yield cannot be compared to those who were present for short term without accumulating any considerable stash of Bitcoin. The end game for me is to continually invest in Bitcoin, reaching a maturity stage were I can be selling off anytime and still have more left, still accumulating too. Short term is never guaranteed or will it be a good approach, I know there are individuals or firms who accumulate in bulk, they can choose to sell anytime but would always have a reserve for long run.
You seem to have the right ideas Bravut - especially if you lose that dumbass language about profits, even though technically we are expecting that our chances are pretty good to be in profits the longer that we are investing into bitcoin, but we might not want to get too caught up on profits while we are still engaging in BTC accumulation, and surely there are a lot of folks - especially newbie investors who may well take 10-15 years or longer just to get to a point that they are able to transition from BTC accumulation stages and into something else. Yeah, it seems strange to talk about bitcoin as an investment that may well take 15 year or longer to accumulate, when bitcoin is ONLY barely older than 15 years right now... but still if someone comes into bitcoin right now and they are a new investor who is investing $10 to $100 per week, they surely may not be able to get out of BTC accumulation stages until more than 15 years down the road.
I doubt that the end game is necessarily profits.
I thought about this for a moment and I think there is a lot of value to that statement. I think we are both on the same page when we say that most people speculate on profit in terms of more USD in their pockets once they have bought and sold BTC. But you have been criticizing the word
profit here, and I say rightfully so!
BTC gives you benefits and options. There is a whole branch of science on the
value of options. That's why your statement is so valuable because it captures what many of the people who do understand BTC a little better have in their minds. Owning BTC gives you options like no other asset can give you. BTC carries value and BTC is convertible in literally any life circumstance at any place and at any time. If I own an Amazon share, it is not the same. Gold is not the same because I can't carry it with me anywhere at any amount and it comes with more problems than that.
The moment someone sells BTC for USD profit, the same moment the person sells options and opportunities. The real life profit in the moment of the sale is the USD surplus minus all the options that BTC potentially offers to the holder. It could be the obvious further potential price gains, having to leave the country without nobody noticing you are taking value with you, it could be Wall Street burning down and share prices going down the toilet while BTC remains stable due to its security architecture, it could be protection against expropriation in some places, it could be many things and the list is long.
Nice phrase I have to say and while I act that way and think that way I have never put it into a single sentence like you did: "I doubt that the end game is necessarily profits." = "The end game of holding BTC is not necessarily USD (or any other currency) profits." Awesome! The end game is options, having options!