Quote from: JayJuanGee on Today at 07:10:56 PM

Quote from: SuperBitMan on Today at 09:43:53 AM

Quote from: JayJuanGee on August 20, 2024, 07:28:03 PM

Quote from: SuperBitMan on August 20, 2024, 11:08:05 AM

Quote from: JayJuanGee on August 20, 2024, 04:41:46 AM

[edited out]

.....those who are into trading has no peace of mind they are at high risk of losing there money, but for those who are into Long term Bitcoin investment they always have nothing to worry about because there's zero risk.

The risk of losing money in bitcoin, even as a long term holder, accumulator and investor is not zero, yet surely there are more risks that are added when getting involved in trading that may or may not end up paying off, even though historically in bitcoin it would be pretty rare to find any trader who has outperformed a longer term holder and/or someone who buys and holds bitcoin regularly, especially if we might end up looking at comparing time periods of 5 years and longer.. there are some outperformers, but they are pretty rare and their skills might not be easy to replicate in the event that we presume that they were not just lucky.. .which also could be a factor.

Ok sir. the reason why i said it was zero is because if one is into Long term Bitcoin investment and maybe he has hodl for 5 years and wants to sell some part of his or her Bitcoin and there's a dip all he will do is wait for it to come up again which is certain then he sell, i don't see any risk in long term Bitcoin investment if there's any please i will love you to point it out for me so i will learn and become guided.

I don't know the exact risks of bitcoin going to zero, it is probably pretty low, but surely it is not zero. There are also a variety of other scenarios in which bitcoin does not go to zero, but it goes down in price for several years, including years that you might be interested in selling it (or your investment costs are greater than how much it is priced at). I don't know all of the risks or the various scenarios, and none of us knows the future, so it becomes problematic if you are suggesting that bitcoin does not have any risks or you exaggerate the lack of risks based on your own lack of knowledge and also it seems problematic to anyone would outline the various possible downside scenarios with any level of specifics... especially since each of us are likely going to assign different levels of probabilities to different future events/happenings.

At the same time, many bitcoiners already understand that bitcoin is amongst the best of current investments if not the best investment that is widely available to almost anyone in the whole world, especially anyone who has discretionary income or has some other ways of investing into bitcoin through time, energies (and/or learning about it).

Each of us comes to our own conclusions about whether to invest and how to invest and how to allocate, I would suspect that anyone believing that there is zero risk to invest in bitcoin may end up erroneously coming to wrong conclusions in regards to how much to invest into bitcoin and also how to invest into bitcoin, so hopefully there are not too many people making those kinds of mistakes based on that kind of erroneous thinking.

Another thing with bitcoin is that you could decide to invest into it and to be as aggressive as you are able to be, and at the same time, you could be correct about everything in bitcoin, yet you end up recking yourself based on your becoming overly aggressive and not protecting yourself in terms of making sure that you don't go 100% into bitcoin and having other various protections in your life that include but are not limited to a cashflow in the kind of currency that your monthly expenses are in, back up funds such as emergency funds, reserves and float.. and surely various other precautions in order to account for both bitcoin's short term volatility but also that both short term volatility and short to medium to long term price movements in bitcoin could move against you (meaning down) for way longer than you expect and they also may not recover to levels that you expect for periods that are longer than you expect, which also are various kinds of risks with an asset (meaning bitcoin) that we should realize is nearly inevitably volatile. and yeah volatility in itself is not necessarily risky, yet within the exceeding of certain limits that could contribute to risks that persons were not prepared for, and surely not "zero" risks even in terms of knowable things like bitcoin's inevitable volatility.. we know volatility is inevitable but we don't know the direction of the volatility and we presume the price to have greater chances of going up than down, but even the presumption of upward price direction is not guaranteed, either... which is a risk if we think that the BTC price is guaranteed to go up.. which is the same thing as describing bitcoin as having zero risks.

Quote from: SuperBitMan on Today at 09:43:53 AM

Mind you dipping hands into a long term Bitcoin investment is not part of risk in long term Bitcoin investment because what you invested on was not the reason for your lose you are, you caused it yourself you won't blame the strategy, so is not part of a risk in long term Bitcoin investment.

yes.. people make mistakes too.. so there could be risks that are associated with execution, so you could be correct that execution risks is not bitcoin's fault; however, when you suggest bitcoin is risk free you still should not be assuming that it is inevitable to go up, even if we might not give blame to bitcoin for execution risks.

Quote from: Salahmu on Today at 01:29:50 PM

Quote from: SuperBitMan on Today at 09:43:53 AM

if one is into Long term Bitcoin investment and maybe he has hodl for 5 years and wants to sell some part of his or her Bitcoin and there's a dip all he will do is wait for it to come up again which is certain then he sell, i don't see any risk in long term Bitcoin investment if there's any please i will love you to point it out for me so i will learn and become guided.

Holding for 5 years is not even long enough for me in terms of Bitcoin investment because there could be a higher probability that you may not see any good profit on your investment within five years because let's take for instance you are investing using $10 every week and if we calculate the total amount you will be investing every year is $480 and we multiply it by 5 years we should be getting $2,400 for the five years, so perhaps can see that there will not be any serious profit on your investment if you are selling on that short interval so instead of thinking about selling you should be more consistent on your investment till you arrived in a point were your portfolio is very big before you can think on that direction.

There are 52 weeks in a year.. not 48.

It surely would take a long time for a person with $10 per week to build a decently sized bitcoin stash.. but surely investors can ONLY do as much as they can do, and surly if they are able to hang onto their investment and make sure that they don't lose it, then even smaller amounts of investment into bitcoin will be better than not having had invested in bitcoin.

Quote from: avp2306 on Today at 02:15:19 PM

Quote from: Salahmu on Today at 01:29:50 PM

Quote from: SuperBitMan on Today at 09:43:53 AM

if one is into Long term Bitcoin investment and maybe he has hodl for 5 years and wants to sell some part of his or her Bitcoin and there's a dip all he will do is wait for it to come up again which is certain then he sell, i don't see any risk in long term Bitcoin investment if there's any please i will love you to point it out for me so i will learn and become guided.

Holding for 5 years is not even long enough for me in terms of Bitcoin investment because there could be a higher probability that you may not see any good profit on your investment within five years because let's take for instance you are investing using $10 every week and if we calculate the total amount you will be investing every year is $480 and we multiply it by 5 years we should be getting $2,400 for the five years, so perhaps can see that there will not be any serious profit on your investment if you are selling on that short interval so instead of thinking about selling you should be more consistent on your investment till you arrived in a point were your portfolio is very big before you can think on that direction.

More ideal to hold it for at least 10 years since this is I think more ideal thing to do, but we can't force people to follow that since maybe they have preferred years to hold and they can only hold for that long because maybe they are not so confident yet to add another 5 years. But still this is good start since 5 years is already a milestone especially for people who's new into holdings, But for sure once they hit their threshold and they see that there are more better profit to get for doing this then holding for 10 years maybe their next option. Its like step by step process and if they gain more experience then provably lot of people would go for more better investment decision.

We can't exactly say the possible figures to get since for sure there are changes happen along way and funds may vary depends on the funds we get since for sure we will put more bigger amount especially if we earn more bigger then have lots of extra cash left which is ready to spend on investments.

Some people invest for 30-40 years and never make it to fuck you status.

I doubt that you need to limit your timeline to 10 years unless you think that you might be wanting to start drawing upon bitcoin then, yet if you are a relatively young investor, you can continue to invest in bitcoin over years and decades, and sure there may be some point in which you can stop investing into bitcoin and start to consider selling some of it.. there is no need to consider selling all of it, but yeah, those kinds of choices vary between people...

To me, bitcoin seems more like a life-long investment rather than something that you buy and then get out of.. so at some point you might want to start to draw upon it, but that does not necessarily mean that you sell all of it, especially if a person had spent 10 - 20 or more years investing into it, then the withdrawals would most likely start to take place in more gradual ways rather than all at once, absent some compelling reason to cash out all at once rather than just cashing out slivers from time to time... or transitioning into either a price based sustainable withdrawal system or s sustainable withdrawal system that is based on time.. like monthly withdrawals or whatever time line might work.

Quote from: Justbillywitt on Today at 05:09:41 PM

Quote from: SuperBitMan on Today at 09:43:53 AM

[edited out]

....... If you had known the specific amount of profit you will make at the end of the 5 years before investing, then you can say there is zero risk. But since there is nothing like that, there are still elements of risk involved, because it may happen the way you expects or it may not. And it is advisable not to be over reliant on your bitcoin investment so that you don't get into trouble, when your projected time of holding comes and things don't go the way you planned. That you hold bitcoin for 5 years does not guarantee you profitability. That's the risk in it.

Your post reminds me that if someone really wants to proclaim "zero risk" about something related to bitcoin or bitcoin investing, then such person could say that if leverage is not used, then there is zero risk that the bitcoin investor will lose more than 100% of what they had invested into bitcoin.

So in that sense, you could say that as long as you don't use leverage, then the most you could lose from your bitcoin investment is 100%, so there is "zero risk" of losing more than 100%...so long as you structure the investment correctly... hahahahahaha Of course, there are opportunity costs with any money that is invested into bitcoin, and the money could have had been invested somewhere else, but if we start to talk about opportunity costs, we might be becoming a wee bit too abstract... so I prefer to just stick with the idea that non-leveraged investing into bitcoin results in the most that you can lose to be 100%.