Post
Topic
Board Bitcoin Discussion
Re: Bitcoin is risky
by
Wind_FURY
on 29/08/2024, 06:08:34 UTC
But many of those people who merely want to take profit and get out will definitely learn the hard way, and feel very VERY disappointed in 15 to 20 years, when they remember that what they merely had to do was accumulate and HODL.


Of course they will eventually. You know, when we talk 15 - 20years, it might seem so long a time well, it practically is. Judging from a point of your age at the time but the thing about investments is, it’s for a lifetime and you can actually transfer it to your kids or it’s form to what gives you comfort. I think that would be a more sustainable way to take profit no matter your age and the limitations it might come with.

The charts says it all, it’s doable and it’s profitable with time. You don’t get a better chance by procrastinating on investment or investing in the future. The time is actually now!


BUT, to put it in the HODLer's viewpoint - in that 15 to 20 years, compare the "active traders" and the mere HODLer, then check their wallets and actually SEE who has actually made life-changing profit and who has ZERO. I truly believe that there's a much higher probability for Bitcoin HODLers to make life-changing profit because MOST of those shitcoin blockchains will NOT continue to exist because of the design decisions made by their "developers". Bitcoin is designed to keep chugging along, producing block after block for DECADES.