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I get your points though but my thoughts are that the future of Bitcoin is very bright, the last 15 years of it's existence has thought me so, i believe that it has lots to offer in the future, yes no one knows what the situation is going to be like in the next 50 years, most of us might not even be alive till that period but for the time being it would be very wise to own as much as possible of this digital gold.
Those who failed to gather much Bitcoin in the past 5 to 10 years would be very disappointed and wonder why they didn't buy more and hold, i bet that they had that mindset of the possibility of being disappointed in future so they bought few qauntity and got shocked currently. Bitcoin is not some gambling that you invest with money you can easily lose so my advise for those who got the purchasing power is to be very agressive in buying Bitcoin against the future, you need not to worry concerning what the future has to offer cause it's bright with Bitcoin.
You are a little
all over the place with your talking points Princess Leah... It is like you are lacking focus.
If you might be attempting to think more concretely, then surely how many BTC were you able to accumulate in the past 5-10 years, and if you are still feeling like you don't have enough BTC, then you would focusing on gathering more BTC for the next 5-10 years, especially since we cannot turn back the clock.
Another thing about your speculation about what might happen with BTC in the next 50 years.. sure no problem, but that happens to be way the fuck out there, and yeah a lot of things could happen to bitcoin, and maybe we need some ballpark ideas where we think bitcoin might go in 50 years, yet that hardly makes too much sense as compared to focusing more specifically where are we at now, and what might we be doing and/or planning to do within more immediate time frames, such as 5-10 years as you mentioned... and without getting overly distracted about what happened in the past 5-10 years, except for our need to assess where we are at.. but it is not like we can go back an do-over any of the places where we might have fucked up in the past 5-10 years - except maybe learning how to improve upon areas in which we might have had made some mistakes...and if we continue to be lacking in focus in regards to what to do now, then that is likely not going to be very helpful in regards to helping us to sufficiently adequately progress to where we might want to be rather than where we wished we would have had gotten.
I think 5-10 years is a good and ideal choice because we go through two cycles where the Bitcoin cycle will experience the highest price changes and if we look at the previous trajectory every Bitcoin cycle always creates a new high and Bitcoin always creates a predictable bullish cycle every time there is a halving, so maybe in 5 years we will get good profits, but in the next 10 years we will get much better profits so I think both will make profits but the profits are different.
Yeah, but what kind of person are you talking about? I doubt that you can just proclaim, "we should do this," without attempting to describe some particulars about how long has the person been in bitcoin and how many bitcoin has he already accumulated at the beginning of the 5-10 years.
To me, it sounds like you are talking about buying some bitcoin and just waiting 5-10 years in order to cash out.
You have a trader way of framing how you are wanting to deal with your BTC.
You buy some bitcoin and then you cash out. What you going to buy with your bitcoin when you cash out? Does that mean you are done with bitcoin?
Maybe you need to reconsider how you are framing this whole bitcoin matter and what are you planning to do once you get to where you want to be.
What about your own situation? If you have been in bitcoin since your forum registration date, then you could well have a whole two cycles of accumulating bitcoin, since you are coming upon your eighth year anniversary on the forum.. So, even if you are talking like a trader, maybe you have already established a good stash, unless you have been fucking around trying to trade bitcoin for the past 8 years, then what? Then you might have to learn how to transition from a trader's mind-set into an investors mindset so you learn how to both think about bitcoin and talk about bitcoin, since you surely are not coming off as someone with an investor's mindset to me.
And I think it will never fail if you do it for the long term, I mean if for 5 years we fail to get good profits then you have to correct your mistakes and fix them because there will be opportunities in 10 years and so on to be able to make profits, but in reality every cycle that occurs Bitcoin always creates its highest price and it is certain that if you do it before 5 years you will definitely get profits and the profits you can get depend on how much Bitcoin you have because this is also something you should think about to always buy Bitcoin periodically so that your Bitcoin accumulates and becomes big in the long term.
These are not necessarily bad ideas, since surely after a whole cycle there is likely a certain amount of BTC price performance, and even if a guy mind spend a lot of time accumulating bitcoin in his first cycle, then he may well end up with a lot more options after the second cycle, so yeah, I can agree with those kinds of ideas... but still your talking about profits seems like such a trader way of framing matters, and I doubt that it is helpful or realistic to be framing matters like that.
Ok.. sure the bitcoin that we accumulated the earliest in our bitcoin journey are likely way more profitable than the bitcoin that we accumulated later in our bitcoin journey, yet even with myself, I went back and looked at some of my old records, and it sometimes becomes a bit difficult to measure how much I spent and how many bitcoin I got for that money, so then it might be more difficult to know some of the specifics as compared to having some better ideas about how many bitcoin you currently have, and whether how many you have is enough to accomplish what you might want to accomplish.. such as if you were to start to withdraw them from time to time, you might not give so many shits about how much they are in profits or not in profits, but instead you might become more concerned about do you have enough bitcoin to start to spend from your stash because I would presume that if you are spending from your BTC stash, then you are either presuming that you have enough or that you have more than enough, and you are selling portions of your stash that are more than enough.
How would you be motivated by your assessments of your profits if you are thinking about do you have enough BTC and can you start to spend from your stash? We are going to presume that you are in profits if you are starting to sell some of them, no?
And I won't comment on Bitcoin for the next 50 years, because I can only make the most of this opportunity while I'm alive and involved with Bitcoin. That's impossible and we'll never know what will happen, because Bitcoin can survive and be much better or vice versa and there may be a replacement as technology continues to develop.
It does start to become a bit abstract to be looking out 50 years from now, yet I think on a general basis we might continue to consider that bitcoin will continue to appreciate in value, yet maybe if we are older than 30 years old then it surely might be questionable whether we might be alive at that time, but if we are planning to retire soon, and if we are in our lower 30s, then we might want to consider if our bitcoin stash is going to last potentially for 50 years or so, so we might want any cashing out plan to be sustainable in a kind of perpetual way.
[edited out]
I get your points though but my thoughts are that the future of Bitcoin is very bright, the last 15 years of it's existence has thought me so, i believe that it has lots to offer in the future, yes no one knows what the situation is going to be like in the next 50 years, most of us might not even be alive till that period but for the time being it would be very wise to own as much as possible of this digital gold.
Those who failed to gather much Bitcoin in the past 5 to 10 years would be very disappointed and wonder why they didn't buy more and hold, i bet that they had that mindset of the possibility of being disappointed in future so they bought few qauntity and got shocked currently. Bitcoin is not some gambling that you invest with money you can easily lose so my advise for those who got the purchasing power is to be very agressive in buying Bitcoin against the future, you need not to worry concerning what the future has to offer cause it's bright with Bitcoin.
You are a little
all over the place with your talking points Princess Leah... It is like you are lacking focus.
If you might be attempting to think more concretely, then surely how many BTC were you able to accumulate in the past 5-10 years, and if you are still feeling like you don't have enough BTC, then you would focusing on gathering more BTC for the next 5-10 years, especially since we cannot turn back the clock.
Another thing about your speculation about what might happen with BTC in the next 50 years.. sure no problem, but that happens to be way the fuck out there, and yeah a lot of things could happen to bitcoin, and maybe we need some ballpark ideas where we think bitcoin might go in 50 years, yet that hardly makes too much sense as compared to focusing more specifically where are we at now, and what might we be doing and/or planning to do within more immediate time frames, such as 5-10 years as you mentioned... and without getting overly distracted about what happened in the past 5-10 years, except for our need to assess where we are at.. but it is not like we can go back an do-over any of the places where we might have fucked up in the past 5-10 years - except maybe learning how to improve upon areas in which we might have had made some mistakes...and if we continue to be lacking in focus in regards to what to do now, then that is likely not going to be very helpful in regards to helping us to sufficiently adequately progress to where we might want to be rather than where we wished we would have had gotten.
Time matters.
If you are 68 holding for ten years is not appealing,
If you are 38 hodl for 10 years is pretty much a must.
Under 38 hodl longer.
the gray areas are 38 to 68.
It seems that my post was trying to deal with the seeming scattered nature of Princess Leah's post, since of course, if we might get to a point that we might plan to start to live off of our investment, then surely the younger that we are, then the more perpetually sustainable that we would want our cashing out (or withdrawal) strategy to be. If we are still adding to our bitcoin and we have a full time income/job then the timeline seems to be less relevant, except maybe if we might be thinking about what we might do in the future in regards to how many years that we might have left, if we are planning to live off our bitcoin or to supplement our income with our bitcoin. there is all kinds of variance, and of course, Princess Leah was not really describing any kind of a specific reason to be talking about what bitcoin might do in the next 5-10 years versus in the next 50 years versus in the past 5-10 years... so from my perspective, I was having trouble with whatever point (if any?) was attempting to be made.