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Quote from: Ricardo11 on October 23, 2024, 06:54:50 AM

Quote from: Barikui1 on October 23, 2024, 06:30:29 AM

So in essence of what am trying to say is that analyzing the market or targeting the market as a long term investor is actually a wrong thing to do when it comes to Bitcoin investment because right now we are still at the early days of Bitcoin, so I believe that it has the potential of going up to 1million dollar in the future, so buying it now at this present rate is actually too cheap to be wasting your time analyzing.

Yes, I agree with you, we are still in the early stages of Bitcoin, if we can feel the future by researching the past and present of Bitcoin, then we can understand how much potential Bitcoin has in the future, and the current market price is very preliminary in front of that potential. Where the demand and popularity of Bitcoin is constantly increasing, we can say with high probability that Bitcoin will cross $1M in the near future. Many new investors do not have a proper idea about the true potential of Bitcoin and what level Bitcoin will go in the future. So they don't realize how cheap the current bitcoin price is compared to the possible future price. So we must have faith in Bitcoin and have a long-term view and continue DCA for a long time. Only then we will be able to take its true benefits. And those who do not believe in Bitcoin, if they properly research the past, present and future of Bitcoin, they will also get an idea of the future potential of Bitcoin.

You are absolutely correct, you know sometimes I wish I could turn back the hands of clock but it can't be possible that's why I'm utilizing great this time. It's true that one can start Bitcoin investment anytime, any day but trust me there's going to be a difference between people that is investment now and those who are still procrastinating and will later join maybe in the future, you can imagine how some investors are finding it difficult now to grow their portfolio because of the value Bitcoin has I mean the value is so high that getting a piece of it, is so hard now compare to it 2010, 2012 and then imagine how much difficult it will be in the future.

The difference between those who started investing 2 to 10 years ago and those who just started investing is clear. Although it depends on their consistency, if someone started investing for a long time and isn't consistent in their accumulation they won't still have accumulated a lot of Bitcoin. Someone might start today and invest huge in Bitcoin. In terms of profit, those who invested in since, even with as little their investment might be, they would have a higher profit percentage by now.

Investment is not always the way we think it is. Yeah investment differs, it could be that a person just started investing aggressively consistently today or 2 years ago or like 2 years now and have a lesser amount of btc while in other words another person who invested in bitcoin 9 - 10 years ago may have accumulated $100 DCA each week in a year or $2k lump sum at ago and stop. Certainly the person who accumulated for that one years period will be advantaged than the person who tend to be aggressively buying bitcoin today or 2 years from now. Because that person that bought bitcoin during 2014/2013 would have gotten upto 10 to 12 btc with just a consistent investment of 1 year. Likewise a person who investes agresively in a period of 2 years from now will be advantaged in the next 10years to come. The slogan is the earlier the better