Quote from: Ambatman on September 11, 2024, 02:50:19 PM

Quote from: Hewlet on September 11, 2024, 06:38:54 AM

At those early stage of Bitcoin investments, profit was more about investing earlier enough because earlier investors had the opportunity of buying Bitcoin at a much cheaper price even though they didn't use much amount to buy it. It was possible to buy up to 2 BTC within very few months even though you don't earn that much. You can afford to buy that much BTC because of how relatively low the value of BTC was and once you've done that and you've held your BTC till now or any where above those range of price, you're certain that you've gotten a good profit or at the least, you're comfortably sited at a good profit region. With little DCA or a good amount during bulk purchase, you can easily reach your goal in the past but that's no longer the case at the present that Bitcoin has gone this far and is somehow more stable than it use to be.

Even at a cheaper price, how many people did buy it and how long did it take before they sold
If you check earliest posts on the forum especially WO
There are individuals who believed Bitcoin wouldn't cross $100
Then is similar to whats occurring Now
The differences are the price but fortunately it's possible to buy a unit if Bitcoin
It doesn't have to necessarily be a full BTC
Earliest adopters were rewarded for taking the risk with greater returns.

The main issue here is that many people have downgraded Bitcoin only as a speculative asset not recognising it's so much more than that.

Yea, I really do share the same sentiment with you bro, you have actually said my mind, but I just want to add to what you have already said, let's take a look at the current price of Bitcoin today, most investors, even some veterans investors feels like the price of Bitcoin is too high now, that if they invest heavily in it now, they can't get what they actually want, which is 10x to 20x, and that is one of the reason behind why most investors take the risk of gambling in an alt or shit coin just for huge return, which mostly ends in severe losses, they actually don't know that we are still in the early days of Bitcoin, and as such Bitcoin has the potential of still doing 10x to 20x in like 10 to 20 years time from now, they don't believe that Bitcoin can still go up further to like 1million dollar, they just feels like it just speculation, which is not true.

So I believe that that even till now, if you can be consistent in your Bitcoin accumulation through the DCA accumulating strategy, and you are able to build a good stash of Bitcoin in your possession, it's very much possible that you can be able to build a generational wealth overtime when the price of Bitcoin has risen to 1million dollar in the future, If you can be able to hold till then without tempering with it.