Quote from: Litzki1990 on Today at 01:53:06 PM

Quote from: SuperBitMan on September 20, 2024, 04:52:45 PM

~snip

Not only investing in Bitcoin but in my opinion every trader has to take risks in starting a physical business like any other physical business. No investor ever invests with a 100% guarantee of winning.

I think with the current position of Bitcoin, that hypothesis doesn't hold. Here is my reason.
Far back as at 2010/2011/2012, when Bitcoin was still new to the world. Remember that technology wasn't advanced as at then compare to now. So many people where so sceptical, as they had doubted the future of Bitcoin. Bitcoin as at that time was like a technology that doesn't seem real, and might not even live past 5-6 years before crashing to zero. The people where so static and used to the federal financial system, which made it very difficult for them to believe a random strange technology that didn't come from the government. But over the years, we all have seen Bitcoin grow from $0 to $73K(ATH) in less than 2 decades. Now my question is, is this not enough guarantee that Bitcoin is 100% profitable?.

You see, one thing we need to understand is that Bitcoin investment works with time(long term) and our financial capabilities. The reason why so many people didn't invest in Bitcoin as at that time is that there wasn't enough proof that Bitcoin will have a place in the future. Those people who took the risk to buying Bitcoin at an early phase(2010/11/12/13/14/15) where actually the risk takers who invested without a 100% guarantee of making profits. But as it stands today, I can tell you that a newbie/new investor can start Bitcoin investment today, with a 100% guarantee of making profits in the future(as long as he/she can accumulate well, and hodl for long). Bitcoin has already secured that assurance over the years. So, as long as adoption continues, and the Bitcoin network remains intact, then it's already a sure Investment option for anyone.

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Many people invest money in the stock market and as much as they earn profit from it, they also lose a good amount of money from it. None of us know what the future holds for Bitcoin. We can only get some idea of what Bitcoin can reach by looking at past statistics and current Bitcoin movement. But it is not possible to improve in life without taking risks.

The stock market is not Bitcoin. I haven't seen anyone that made a long term Bitcoin investment and ended up making losses. Except you're referring to traders, which I don't think this thread discussion much about. But if there is anyone that has lost any amount to Bitcoin change in price without getting it back after Bitcoin went back up, please let me know.

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Investors should assume before investing in Bitcoin that they are risking the maximum amount of money and the amount of money they can lose. If the investors can invest with that much risk in the beginning and they can maintain the consistency of investment over time then I think they will definitely succeed at some point.

It is ideal for a new investor to be a little skeptical and cautious with the amount to invest, but if the newbie learn how far Bitcoin has come, I don't think that fear will be there.

Personally, I don't see Bitcoin as a risk anymore. As it stands, and as I strongly believe, I will definitely get more than I have invested in years to come. Like I said earlier, Bitcoin has lived more than a decade, so I will be waiting patiently to witness the next decade.

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No one knows the future of investment that is why every new investor is advised to invest in Bitcoin with the amount of money you can afford to lose.
By investing in this way, basically the investor will not fall into financial disaster.

Maybe we should also start advising every newbie to take their time to learn about how far Bitcoin has come in terms of price growth. I think they will be challenged to join the race as quick as possible.