Mr JJG, the explanation you explained was quite good and added insight for me. I will make it a practice not to think out early and continue week after week to continue accumulating Bitcoin. Why do I believe that is because the money I use to invest in Bitcoin is money that is not used or that is not burdened in my daily life. For this reason, I will no longer say when the ideal age is for them or for myself to experience the results of investing in Bitcoin because it is all their own decision.
~Snip
Yes, JJG does provide very appropriate advice for anyone who wants to invest in Bitcoin (especially for members who like discussing or reading his posts). Especially in terms of thoughts or ideology about collecting money into bitcoin. Because it cannot be denied, many people and sometimes me too, think too much when they want to buy Bitcoin. Although basically it is normal to think first before buying Bitcoin, if you overdo it it will definitely end badly.
Moreover, thinking too deeply about when can enjoy the results of Bitcoin investment will certainly dampen enthusiasm for investing, especially for people who are no longer young. So as you said, if have money that is very cold or unused, don't think too much, it's better to just collect it in the form of bitcoins. Because in essence the money invested in Bitcoin will certainly not be lost or suffer losses, but what is certain is that the money invested will still be there and its nominal value will definitely continue to increase. Because it has been proven to date, Bitcoin continues to experience quite significant price increases.
I believe we who are now the current set of investors are at a better advantage than earlier investors and we can actually learn from the mistakes they've made and ensure that we don't repeat those mistakes.
I doubt that we can avoid mistakes. We have to do the best we can with the information that we have, and sometimes we are going to make mistakes because we might not sufficiently figure out how to tailor our approach to our own circumstances, and so we likely will have to tweak our approach from time to time, since our information might change and also our circumstances might change and we have to make choices about how to balance out our approach to attempt to best account for those changes in information and/or circumstances.
If you say more profitable, I don't think that's the right word. Because current bitcoin investors and also old bitcoin investors, if you look at the price of bitcoin, it is clearly more profitable to buy bitcoin in the past. So if you look at this, it is clear that bitcoin investors who have been around for a long time can be said to be more profitable than current investors. However, if viewed from a scientific context, it is true that bitcoin investors who are just starting out now find it easier to find information about bitcoin investment. Because as you said, we can take the experiences and mistakes experienced by previous investors and use them as lessons for us now.
However, as JJG said, the knowledge we take from the experience of old investors will not guarantee us 100% error-free. This is indeed true, because everything in this world continues to develop, including bitcoin too. Because a simple example like this, stock investment, has been around longer than bitcoin investment. So everyone who wants to invest in shares must be able to avoid mistakes that can cause losses, because there are still many other people's experiences that can be applied. However, the evidence is that currently quite a few people have experienced losses in stock investments due to their own mistakes. So that's what's happening among bitcoin investors right now. Even though can get a lot of information and knowledge about Bitcoin investment, there are still many who can fall into the abyss of mistakes or losses.
So what triggers this to happen? namely implementation.
Because in essence what is difficult is not seeking knowledge, but what is more difficult is applying that knowledge to the bitcoin investment that we make. So even let's say someone is going to invest in bitcoin and hire a great mentor who has experience with bitcoin. This will be useless if the person who hires the mentor does not apply all the knowledge that the mentor has explained to him.