Quote from: Proty on November 04, 2024, 09:34:10 PM

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Quote from: Rabata on November 04, 2024, 06:13:54 AM

Agree with you. It is natural for investors to have differences as not everyone has the same mindset. But some investors who don't understand at first but realize it later. Bitcoin trading is not safe but there is an increased chance of losing money due to its volatility. But if a small amount of Bitcoin can be held regularly then it can definitely be a great asset. However, it can be difficult for those who are looking for a way to collect bitcoins for passive income from bitcoins because there are no areas where there is any way to earn passive income through bitcoins. Bitcoin's value has steadily increased since its inception and this trend continues. That's why holding Bitcoin is definitely profitable. But surely an investor should not only consider the profit but also consider its positive and negative aspects and then invest.

He should also know how much he is qualified

You don't even need any qualification to be able to hold bitcoin. Bitcoin long term hold is open to everyone. The only thing needed is to have your money for investment. Aside this there is no other qualifications needed. Buy your bitcoin according to how you have programmed your DCA frequencies.

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or capable of long-term investment.

So what happens if he thinks he is not capable for long term investment? Should he then go for trading instead? For me all investors are capable of long term bitcoin investment. It's just about your mindset and your determination to hold bitcoin for a long time, at least 4 years. Bitcoin wasn't designed for some people to be capable of holding, while others are not. Bitcoin gave everyone a level playing ground. Wether you see yourself as being capable or not, is your decision alone.

This is a long-term approach to investing in Bitcoin and by adding more elements (Discretionary income and floating cash) to it, you can protect your investment from the gamble called trading. This is going to be a successful journey for you where you have a successful combination of financial success with Bitcoin stacking. With a long term bitcoin plan if one does not have the ability to do so there should be no need for him to take risks as he should decide whether to stop versus taking short term risks even though the DCA method should exist for him and he is huge stash from any size savings can get.

In order to get effective success from Bitcoin one should emphasize on depositing on a continuous basis and should have multiple or more depositing efforts than in one cycle (as you mentioned 4 years). Your success depends on getting a large holding by increasing your savings scope with discretionary income Here your mental strength and discretion can be taken as the criteria for success.

No matter how much of contingency planning exercise we may have done in accumulating bitcoin and our continuous depositing in bitcoin through the dca strategy for one cycle or more is not a guarantee that our investment in bitcoin will be successfull that is why it is always adviceable to invest what you can afford to loose ,bitcoin investment is a good investment but still not a guarantee that our investment in bitcoin will be successfull after a cycle or two ,that is next 8-10yrs.

I frawn at that bolded part it seems to be technically belittling Bitcoin and it doesn't portray Bitcoin, such narrative is mostly used in the gambling session where bettors are advised to use only the money that they can afford to lose, Bitcoin is nothing to be compared to gambling even though we might suggest that there is no guarantee in Bitcoin investment i still doubt if any money invested in Bitcoin can be completely lost if an investor didn't sell on pressure, if we are pretty decisive at about the potential Bitcoin holds then is more better we say we should invest an amount that we can be comfortable with or probably not going to make use of within the time line of 4 years and above.