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.

I have read your point and i think i now see were you are coming from and what you are saying and i think i agree with you now, however the risk in Bitcoin investment is very low and i don't see the little risk as something that will scare anyone.
Bitcoin has a bright future and one of the best investment right now in the world and the best crypto coin, and from how things are going many countries will start accepting Bitcoin as a means of payment, with the way things are going Bitcoin investment is the best investment and those that have already started accumulating and holding it will never regret taking such decision in 10 to 20 years to come.