Quote from: Casdinyard on Today at 10:48:16 AM

Quote from: legendbtc on June 09, 2024, 09:28:51 AM

Quote from: taufik123 on June 09, 2024, 04:54:28 AM

And now, How many Bitcoins do you have now or how much have you ever accumulated?

It can be seen that at that time, people were quite open and did not hesitate to share the bitcoin they had, maybe because bitcoin at that time did not have too much value. But now each bitcoin is worth almost 70 thousand dollars and I think it would be unwise for us to publicly disclose the number of bitcoins we hold. It's not just privacy but there are many different reasons that I believe we all know.

70k$ is not a small amount of money for many 3rd world countries and I think many of us will not have many holders above 1BTC, IMO. Not to mention, today's market is not just bitcoin, we have hundreds of thousands of altcoins and I think the majority of people will invest more in altcoins instead of just holding bitcoin.

I have a couple, with the amount itself remaining a mystery for obvious reasons, but I am confident enough to say that I am prepared for whatever is going to happen to bitcoin, be it good or bad. I have enough to go around and make me fucking rich when it does pump, just enough to use it as a landing mat when the price crashes. So it's all good. I am quite aware of how hard it is to buy bitcoin now financially, considering not everyone's gonna have 70k just lying in their sock drawers and shit, but this is why I always advise people to do DCA, just because you can't buy a whole bitcoin at once doesn't mean you can't make money in this industry anymore. Buy a couple every now and again, reap the benefits, rinse and repeat.

Yes, this is the most important note when we invest in bitcoin because it is volatile and risky. This is also something people often remind each other but I don't think many people will do this. Many people are placing all their hopes on bitcoin and investing everything they have into bitcoin with the dream that bitcoin can help them escape their current difficult life. Many people are investing money they cannot afford to lose.

Of course, we can invest in bitcoin with any amount of money we have as long as it is an amount we can afford to lose, no one forces us to have enough 1BTC and DCA is the strategy best when it comes to bitcoin because in the short term it is unpredictable.