Whatever investment that you are doing that doesn't guarantee you a specified amount of profitability in the end is a risk, and Bitcoin is not excluded from that. Mind you whatever you hear people say about bitcoin getting to certain price level in the future are mare speculations. There is no guarantee that it will play out that way. Also relying on past performances of bitcoin as a proof of future performance is also risk of it's own. So when you have invested in bitcoin and your plan is to hold it for 5 years, that's risk on it's own because you are not guaranteed of making profit. That's why the risk in long term hold is not zero. You can't take speculations for facts!! 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.
Well said I do adives newbie who are jumping into investing in any Financial digital assets due to their lack of knowledge the most important part will fell out firsty you need to make your research first before jumping into any bitcoin well permit me to say bitcoin it self has a little risk around it after all life itself is a risk frist of all people don't understand about the long term holding risk nowadays people just wake up and start predicting the future saying today in the next 6yeas to come bitcoin is going to hit 1000k all of that.
That is call speculations and people are free to speculate about the future prices of bitcoin. Market makers do speculate base of different indicators/Variables they see playing out in the market, and they are not wrong to speculate about bitcoin. It is now left for for the investor to understand that speculation is not a guarantee of performance, rather it is a probability. And when something is under probability it means it may happen or it may not. So people who are investing in bitcoin for a long term based on the speculations that bitcoin will get to certain price in the future are not wrong. But the ability of investors to understand speculation is different from actual performance is what makes the difference. They should make up their mind on time that if it happens as speculated fine, but if it doesn't happen fine, life goes on.
Everyone that is investing in Bitcoin has this believe that Bitcoin will hit a high in price in the future, especially those that are into Long term Bitcoin investment and is certain that Bitcoin will grow in price as time goes on and i don't think Bitcoin growing in price in the future should bother us because is certain that it will grow it may take time but definitely it will happen and that is why is good not to use Bitcoin as a source of income or something you are hoping to use to settle your bills since one is not certain how long it will take for it to grow to that certain price level you hope for it, and also have the mindset of a very long term holding.
Bitcoin as an investment can never be used as a means of offsetting immediate bills or solving immediate needs, I think investment should understand Bitcoin is an investment that shouldn't be over burdened with much expectations, thats why it is advisable for every investor to understand that bitcoin is a long-term investment and as you investing make sure that you have some money left or extra earnings from somewhere to carter for your needs to avoid tampering your investment hence you know that your focus is in the future, setting your goals before investing in bitcoin is really helpful for an investor because once you set your bitcoin investment goals and work towards the set goals, it wouldn't be that difficult for you to achieve reason being that you were prepared.
Yea, Bitcoin will sure grow and that should be a major concern for us hence we know that Bitcoin will appreciate in price in the future, our major concern is to keep buying as much we can and continue hodling since we alreday know what the future has for Bitcoin Hodlers.
I laugh when I see people bother about Bitcoin price although old folks in the investment don't bother about Bitcoin price because of their level of understanding in the system, long-term is the mindset for every bitcoiners to arrive at their satisfied expected price.
Times without number people comes into bitcoin markets with the wrong impression thinking it an investment that is going to cook insanely which I would rather say it very wrong honestly and one thing I have observed from bitcoin trade is that it make you control your hope toward, well should I say it an investment which you don't mix up with urgents needs or funding at a time it an high level of investment which means not having a higher expectations towards it already you no it is appropriating in the market so you don't put your hopes high this is the part the newbie don't understand.
Bro, sincerely speaking, if I didn't believe that Bitcoin can build a generational wealth for me overtime, I wouldn't be investing in it now through the DCA accumulating strategy, though I actually don't expect a quick return now, but I believe that in the future, I am actually going to look back and smile that I made the right decision today, because I believe that we are still in the early days of Bitcoin, so their is a higher probability of Bitcoin going up to $1 million in the future, so you saying that it's a wrong impression to believing that Bitcoin is going to cook insanely is a wrong impression, and that is what I don't accept, because as long as you are a long term holder, you will surely be a big benefactor of Bitcoin if you have a very good stash of Bitcoin in your possession, so to me Bitcoin can actually cook insanely but not now, it's very much possible in the future, so in essence of what am trying to say is that if I don't believe that Bitcoin is actually going to cook insanely for me in the future, I wouldn't be investing in it today, I would have prefer putting my hard earned money into something else.