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...... there is Bitcoin that is almost risk free when the plan is for long term?
I agree with every point you made in your post Moreno233 - except your point that bitcoin is almost risk free. Even if their is potentially some technical truth to what you are saying, the way you said it has a potential to imply that bitcoin is guaranteed or that there is no risk.. even though you said "almost."
From my perspective, your use of the word "almost" does not relieve you from presenting a misleading assertion, even if you might be technically correct in that assertion.
Correction is taken as we learn every day. I think I got carried away by the fact that my Bitcoin investment have given me peace of mind so far. Considering where I'm coming from as a trader, risk is always a daily experience. I have also tried buying altcoins but the risk there even increased exponentially. When I started buying Bitcoin to hold, a lot of things changed for the better. Holding Bitcoin bring some kind of peace of mind that one could be tempted to conclude it was completely safe. Now I know it is wrong to make such assumption. Every investment have some level of risk just that some have lower risk while others have higher risk. This is important to avoid taking wrong decision.
It is good you accepted that you almost sound way off and trust me I understand that feeling when someone will invest and then seeing that the investment is going so well and smoothly... I mean seeing that you are already on a huge profit yeah, I understand but it's not nice to use your over happiness to make this investment look so certain because what we said can affect people positively or negatively so we should be careful on what we speak about Bitcoin investment though Bitcoin is one of the safest investment but that doesn't mean it's certain or guarantee however, the level of it certainty is much more than it level of uncertainty in other words Bitcoin is a nice investment yeah.
apart from his usage of the phrase
"Risk free", I don't see any misleading thing from what he said most expecially when it's coming from a fellow that was once a trader and decides to start holding Bitcoin instead of making things too complex through his trading.
It is misleading to even use terms like "risk free" or guaranteed and/or words that imply that BTC profits are inevitable.
So even if the context of the statement describes bitcoin relative to other kinds of investments and/or relative to trading, it is still misleading when form members are posting in bitcoin threads like this and proclaiming bitcoin to be risk free or guaranteed.. .. They should be able to think about and choose better words so that they are not misleading in their comments about bitcoin.
Yeah, sometimes we can still let such comments slide, yet each of us should be trying to figure out how to not be exaggerating when we talk about bitcoin, even if bitcoin happens to be amongst the best of investments, if not the best investment... We have to be careful to not exaggerate so that we do not lose our credibility due to our own inabilities to express ourselves with a wee bit of nuance.
Yeah, I know so many folks like to see the world in terms of black and white and many times many of us have difficulties expressing ourselves in nuance, and so sometimes it can be o.k. to exaggerate a bit in order to make points or to sound normal to others or to attempt to be better understood with fewer words, yet still there are some areas that we should really be careful including the ideas of risk free or guarantees in regards to either the future or in regards to where bitcoin might be going in terms of price or other aspects of bitcoin's ability to continue to survive.
Relative to trading, holding Bitcoin could to some extent gain the notion of being looked at as a somewhat risk free investing approach even though no investment is 100% void of risk.
Yes. Relative risk is different from absolute categories of risk free, and you already recognize the difference, so you should already recognize that using the term risk free is not appropriate when it comes to bitcoin and it is misleading.
It's just because when you're holding Bitcoin for the long term, you're not at any serious risk to become afraid that because you've experienced correction at a certain month or another that lasted for months that you've lost out in your investment, it just means you have to wait pass those correction point and you can get back to being profitable.
From that way of phrasing matters, it sounds as if you really believe that with bitcoin you are guaranteed to be in profits down the road..,. so yeah, you are going to have difficulties expressing yourself because even you seem to not understand the concept that bitcoin is not guaranteed to be in profits in longer time horizons, such as 10 years or whatever is the timeline that you are believing your profits in bitcoin to be guaranteed.
While it's good to have a positive state of mind towards your investment, it's also good to be as realistic as possible and know that risk is a pivotal aspect of all investment journey.
Ok... Now you are back to recognizing that risk exists, even in bitcoin. Great. If you could figure out how to express yourself with nuance in terms of both the short term and the long term, then you are likely going to be able to communicate ideas of bitcoin and ideas of risk in more clear, less ambiguous and less exaggerated/misleading ways. You are likely close, but you don't seem to be there yet, both in terms of your thinking and also in terms of your ways of how you express the future (and where you see bitcoin in such future).
But the good news about Bitcoin investment is that due to the fact that we are still in the early days of Bitcoin, their is a higher probability of Bitcoin doing 5x to 10x, 10years time from now, so if you are a long term holder, you are more likely to be in a very good profit if you seize the opportunity and invest now, but why we all sees it as also risky is because of the too much uncertainty in the market and today's world generally.
Another thing about the future is that the further you go out, the more unknowns there are, so even dealing with the knowns, it is difficult to make accurate predictions, and surely various prediction models attempt to account for and deal with both knowns and unknowns, but almost no matter what there are going to be difficulties predicting a lot of aspects of the future, especially when human behavior is involved too.. so yeah, folks frequently argue that bitcoin is completely math, but it is not completely math, even though surely there are a lot of ways that bitcoin is way more mathematical than any other monetary (informational) system that had previously been created/invented/discovered, yet even with the large amounts of math included in bitcoin, there are several ways that bitcoin still interacts with human behaviors, which contribute to various ongoing uncertainties, even though there are so many ways that Satoshi was ingenuous when it came to the design of various incentive mechanisms including but not limited to scarcity, the issuance rate and the difficulty adjustment.
According to bitcoin's various design features, various aspects of human behavior becomes more predictable and channeled (whether we are talking about individuals, institutions or governments), yet bitcoin still doesn't resolve our abilities to predict various aspects of bitcoin and/or bitcoin systems, and we are not even completely dealing with bitcoin in a vacuum, since bitcoin also interacts, competes with various already existing informational, finance and incentive systems, so those various already existing systems can also affect bitcoin in various positive and negative ways.
This shows that you have been following up with the market trends, if we consider on the market performance as well today, the market got to the highest for the day which was $70,000 before falling till it get to $66,000 and this is all about being conversant with the speculations we made as the markets changes at any time while there may be a serious need for us to review on the market strategy used in buying.
And if we still refer to the current market trend for Bitcoin, of course it is still quite suitable to continue buying at a price of $66K plus because I am a little more confident that Bitcoin will go back past $73K again this year. Although there are many speculations about the price of Bitcoin at this time, I think expecting something much more realistic on the price side is quite absolute because the level of profit that can be obtained by buyers at a price of $66K plus can also be quite good if Bitcoin can go back to $73K plus this year.
It seems a bit strange to me that you are talking about such relatively small BTC price moves (between $66k and $73k) as if those price moves were important and/or meaningful in the scheme of thing, when the fact of the matter is you are talking about noise - especially for anyone thinking and/or considering longer term BTC price dynamics or the nature and/or characteristics of bitcoin overall.. .. so perhaps you need to zoom out a wee bit moar better in order to attempt to get some more realistic and meaningful bearings and also to potentially come to better appreciations of bitcoin - rather than getting distracted by noise.
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I wouldn't be surprised if Bitcoin crosses its ATH of the same year and makes a new ATH. Because it is possible. Looking at $66,000 as a great opportunity for buyers. It is very difficult to say how much it might be worth at the end of the year. However, investors are expected to be very happy if the price increases.
There is no such thing as a set group of investors, since each investor is going to come at bitcoin from a somewhat different perspective based on a variety of factors, including but not limited to how much time that s/he has been in bitcoin.
Sure, everyone appreciates bitcoin's price going up, yet the earliest of bitcoin investors and even the brand new bitcoin investors should have incentives for the BTC price to stay down as long as possible in order that they can accumulate BTC, but yeah, even what seems to be relative bitcoin newbies will sometimes start to want to see the BTC price go up, even though they might be a wee bit better off for BTC price to stay down in order that they are able to accumulate more BTC.
We cannot always see what is in our own best interest, and we might also not really have very much appreciation for how much bitcoin we might need to accumulate or how long it might take to reach our BTC accumulation goals - and yeah, I cannot completely blame anyone for not really knowing since we cannot really know specifics of bitcoin's future price movements beyond perhaps having some general speculative ideas about direction and even various possible future happenings.