Quote from: Reredmi896 on Today at 03:50:20 PM

Quote from: Onyeeze on Today at 12:34:57 PM

Quote from: ginsan on July 19, 2024, 09:40:42 PM

People who panic are not investors but they are traders.

People who are slow and full of hope are not loyal or long term investors but they are traders.

These two characteristics can be ignored in each of you.

Just buy BTC and save it until you have children and grandchildren because Bitcoin investment is very good for the long term.

I prefer the old style of investors who accumulate bitcoins gradually but they don't sell them at every recorded ATH. why don't they sell because they know bitcoin is very limited. Whatever happens, buy bitcoin even if it's $10, do it gradually.

Do you know that bitcoin investment is risk, what I will tell you is that don't bag your eggs with one bag, you can invest in bitcoin for long-term but is not something that you will invest for your future children because its clear that nobody knows if the technology of bitcoin blockchain will fade off one day, their is a place I read in this forum, it stated that you should make bitcoin your side hustle, so as your investing in cryptocurrency you have to be mindful and don't put all you hope on it, now bitcoin is increasing and everyone is ready and interested to buy more bitcoin, but never know that bitcoin price can crash from this high price to low price, and it has happened in this form so many times, and it's possible another currency that is higher that bitcoin can be introduced.

When discussing whether or not it is permissible to give bitcoin investment savings to children or grandchildren, we must first look at who the investor is, at what age he started accumulating his bitcoins, from the age of 30 years or 40 years or maybe more, and if you look at these factors there is no harm also if there is someone or maybe a parent who invests in bitcoin and gives some or maybe all of the investment to their child, because when it comes to long-term investment in bitcoin by continuing to accumulate, it takes a journey of 5 or 10 or maybe 15 years, depending on the income that can be made. in the investment that the investor has, all forms of investment have risks. We cannot deny this and it is natural that we must be prepared for these risks and it is true that no one knows the future conditions of the market or Bitcoin, but we must be optimistic about the investments we carry out. , and as long as bitcoin has a limit of 21 million and technology still exists in this world, during that time I still believe in bitcoin

Age does not matter when one wants to pass his bitcoin investment to his heir, what matters is the size of bitcoin portfolio that he has. Some early investors started their bitcoin journey early but they invested in a whimpish way that they didn't take it serious and this made them to have a small investment portfolio for a very long time. While some investors did not start early but they were luck to invest aggressively and was able to acquire more bitcoin than some early investors.

If at old age, you have enough Bitcoin that can serve as your pension funds and there will still be enough left over from your calculations, you can pass them on to your heir before death or if you have already planned to accumulate bitcoin for your kids during your accumulation phase, you can hand it over to them at the right time.

If you are old and don't have enough Bitcoin to serve you as pension funds at old age till death, then there will be no bitcoin to pass down to your heir. It is not at what age that you could invest in bitcoin but it is about how aggressive you were during your accumulation phase that will determine the size of your bitcoin at old age.