Quote from: JayJuanGee on Today at 03:04:21 PM

Quote from: SuperBitMan on Today at 12:15:25 PM

Quote from: Stablexcoin on Today at 03:46:18 AM

[edited out]

We need to be very clear when talking about Bitcoin newbie by telling them that the only way you can make good profit from Bitcoin is by holding for 5 to 10 years or more and if he or she is still young he should endeavor to hold from 10 years and above this is what we should put in there front so they will bear in mind the kind of task that await them if they choose to invest in Bitcoin.
Some people will sugar talk Bitcoin investment to the point newbies will be Bitcoin can even be used as a source of income were one can be making money weekly or monthly even trading Bitcoin won't give you gain weekly or monthly so no need sugar talking Bitcoin investment to newbies.
When we stop sugar talking Bitcoin investment to newbies it will help them know the true value of Bitcoin one can tell them to imagine how much profit those that has been accumulating Bitcoin for 10 years now have gotten with this you have given them the best knowledge which is knowing the true value of Bitcoin.

I like to consider the long term in bitcoin as having decently good odds of bringing more options rather than talking about future profits, since it seems to me that if we are narrowing in on profits, then we are likely getting into a trading rather than an investment mindset.. and also there can be ways that once we arrive down the road of 10 years or more in which we might be starting to engage in price based or time based withdrawals, we still might not be cashing out large portions of our holdings, but just cashing out some portions from time to time as we might need it and then otherwise mostly keeping value in our bitcoin investment and continuing to let it grow.. since we might have other sources of income and/or investments that we would spend from prior to spending from our BTC holdings... so even if we might no longer get income from working, we might have other sources of income, yet our bitcoin might supplement our other sources of income but it might not be our only place to spend from which we might purposefully choose to spend from our bitcoin as one of the last resources rather than the first, including considering if we might even put specific criteria for spending our bitcoin that could be limited based on BTC price moves and/or limitations based on passage of time.

I agree with you that profit should not be a new investor target when he is investing ion bitcoin for long term because he might sell too quick and might choose to make his bitcoin his first resources rather than the last because that will impose depreciation on your bitcoin portfolio quick. However, if you have the mindset of making your bitcoin investment your last option of withdrawal from the beginning of your bitcoin investment, it will make you to look for various means of income and establish some, so that they can be the ones that are your first option to spend from.

Also, it will make you work hard to make sure that you strengthen your financial stability so that you can even survive without your bitcoin investment in future, because you are not going to solely depend on your bitcoin as the only retirement funds and that will help the size f your bitcoin to keep on growing overtime even at old age because you only shave of some little profit from your bitcoin once in a while.

Quote from: SuperBitMan on Today at 03:24:48 PM

Quote from: JayJuanGee on Today at 03:04:21 PM

Quote from: SuperBitMan on Today at 12:15:25 PM

Quote from: Stablexcoin on Today at 03:46:18 AM

[edited out]

We need to be very clear when talking about Bitcoin newbie by telling them that the only way you can make good profit from Bitcoin is by holding for 5 to 10 years or more and if he or she is still young he should endeavor to hold from 10 years and above this is what we should put in there front so they will bear in mind the kind of task that await them if they choose to invest in Bitcoin.
Some people will sugar talk Bitcoin investment to the point newbies will be Bitcoin can even be used as a source of income were one can be making money weekly or monthly even trading Bitcoin won't give you gain weekly or monthly so no need sugar talking Bitcoin investment to newbies.
When we stop sugar talking Bitcoin investment to newbies it will help them know the true value of Bitcoin one can tell them to imagine how much profit those that has been accumulating Bitcoin for 10 years now have gotten with this you have given them the best knowledge which is knowing the true value of Bitcoin.

I like to consider the long term in bitcoin as having decently good odds of bringing more options rather than talking about future profits, since it seems to me that if we are narrowing in on profits, then we are likely getting into a trading rather than an investment mindset.. and also there can be ways that once we arrive down the road of 10 years or more in which we might be starting to engage in price based or time based withdrawals, we still might not be cashing out large portions of our holdings, but just cashing out some portions from time to time as we might need it and then otherwise mostly keeping value in our bitcoin investment and continuing to let it grow.. since we might have other sources of income and/or investments that we would spend from prior to spending from our BTC holdings... so even if we might no longer get income from working, we might have other sources of income, yet our bitcoin might supplement our other sources of income but it might not be our only place to spend from which we might purposefully choose to spend from our bitcoin as one of the last resources rather than the first, including considering if we might even put specific criteria for spending our bitcoin that could be limited based on BTC price moves and/or limitations based on passage of time.

You are right I was just pointing out on investment for long term there by making good profit and forgetting is like that it's no more investment mindset but trading mindset, from what you have explained it's also pointing out that one needs to have a source of income before going into Bitcoin investment so as not to depend only on Bitcoin as a source of income anyone who those that don't have investment mindset but trading mindset.
From your explanation I will say that is how Bitcoin investment should be, like you said our Bitcoin should be considered as the last resources rather than first which shows having a source of income is very important in Bitcoin investment your point is well taken and I agree with that those that don't have a source of income can't hold for long and they will always consider there Bitcoin investment first or second when there's any financial obligation.

It is not just to have source of income alone, but you must have a discretionary income which is the extra money that will be left after you have taken care of all your monthly expenses and needs. That left over is part of what you use to invest in bitcoin. Some people keep the extra in the bank, while some squander it. Some people have income but they don't have discretionary income, such people cannot invest in bitcoin only if they get a second means of income or cut down their expenses.

If you use the money that is not your discretionary income to invest, you are gambling because when you need the money, you will sell your bitcoin at loss if there is a dip in price at that moment. But using part ofyour discretionary income that you will not need for long will help you continue investing and hodli for long.