Quote from: Justbillywitt on July 17, 2024, 08:53:20 PM

Quote from: Agbamoni on July 17, 2024, 12:40:28 PM

Quote from: As-Soon-As on July 17, 2024, 03:33:22 AM

2012: Bitcoin goes from $12 to $1000 = ~9,000% increase
2016: Bitcoin goes from $650 to $19K = ~3,000% increase
2020: Bitcoin goes from $8K to $69K = ~1,200% increase
2024: ?

Notice how, in every consecutive cycle, the #Bitcoin    returns get smaller by about ~60%.

That would imply a 450% price increase this cycle, putting Bitcoin at ~$330,000 per coin.
here

The idea that Bitcoin has an occurrence cycle or a pattern that Bitcoin will go up because it has gone up in the past has blinded so may person to make ideal instead of realistic decisions in their investment. I presume that you are trying to give us an actual theory of why Bitcoin will maintain its value and grow over time, but you have to be realistic in doing so.

I think the value of an asset concerning time should be measured based on the quantity of the asset you have accumulated so far.

$65k = 1BTC (Longevity for one year period, perhaps value increases to 70K then profit should be 5k)

$20 = 0.00031 BTC (Longevity for one year period, perhaps value increases to 70k then profit is less than 5$)

We can be having little portion of Bitcoin or invest little and be expecting a good profit after Hodling. What should be focused on is accumulation. Every strategy that will make us have enough of Bitcoin.

That's just the absolutely the truth. Some people tends to forget this and only focus on bitcoin price and arguing about methods of buying bitcoin which should be the best and which one is inappropriate. They often neglect the fact that at the end of the day it is what you have in your portfolio that will count and the strategy that was utilized to acquire them. In this particular thread there are users who look at others who favour using other methods of buying bitcoin apart from DCA method as infidel, but it ought not to be so. All methods of buying bitcoin is sending one simple message, and it is buy and Hodl as much bitcoin as you can irrespective of the approach adopted.

That is true everything boils down the number of bitcoin stashes on has on his portfolio, because you can`t compare someone that has $100k so someone that have $50k on their portfolio, is the fact that the one with higher bitcoin stashes will endup with more profit during the surges of prices, so what am trying to say is that we should erase that mindset of selling our coin (bitcoin) early, and focus more on accumulating more till you have gotten to point of having enough bitcoin , before thinking of taken profit from your investment.

the reason why most people endup messing up their investment is due to poor planning and also poor management of emotions. most folks aall they can take about is how they will get rich quick , which may lead them going all in like is a form of gambling, without making a proper planning like having an emergency funds so that won`t endup seeing your investment as your emergency funds.