Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy every dip!
by
Marvelockg
on 18/01/2025, 14:18:06 UTC
⭐ Merited by JayJuanGee (1)
For me I would like to say for now Bitcoin is the only stable coin that can give you good life,
Bitcoin is not a stable coin please dont get it all wrong. It has only gain significant price over the years irrespective of its fluctuation and market volatility. And please stop referring Bitcoin to stablecoins. Stablecoins like USDT are fiat currencies pegged by a local currency. Anyway that's not the topic of discussion here i will leave you to make your research.

For me I would like to say for now Bitcoin is the only stable coin that can give you good life, except you don't know what to do, you said it does not guarantee you good life,
You are getting everything wrong here. Bitcoin does not guarantee that you good life in the future and it also doesn't meant if you dont invest in Bitcoin your life will be useless. I dont know where you are getting this reasoning from but whatever way it is very wrong. Most people invest in Bitcoin and still do it the wrong way while some invest and are successful. It all depends on the investor, of course Bitcoin has outperform most asset over the years in terms of longetivity benefits. And there is a high tendency that holding Bitcoin for decades will give more profit depending on what we have invested so far. Dont invest $10 and expect a million dollars.
You have just said my mind here, I think I have heard about this before that the extent of how successful you are going to be in the future determine the stash of Bitcoin in your possession, and this your last statement said it all, you can't just invest very little and be expecting a million dollar in the future, so in other to change your financial status forever, you need to understand that your stash of Bitcoin need to be huge, not $10 or $100 worth of Bitcoin.
this is what differentiate an intentional investor that is aware of what he is doing from someone that just believes that because he has put in some small amount of money into buying of bitcoin that he is entitled to being profitable in his investment. the extent of the profit you get from investing in bitcoin is dependents on major variables like.
1. the amount you invested: this determine the extent of profit you get from your bitcoin investment at every time there is a bull because if bitcoin moves from $100k to @200k at a certain point in time, there is going to be a huge difference between someone that has a bitcoin stack of $10k and another person that only has just accumulated a bitcoin that is worth only $500. while the first person makes a profit of $10k within same time frame, the second can only make a profit of $500k and the result is a function of how much each of them invested.
2. another is how long one invest: this only plays a small role and mostly, it only helps someone that is probably doing the DCA to have enough time that he can make use of in accumulating enough bitcoin. how long one stay invested doesn't guarantee profitability on its own, it is how well one make use of the time that matters more.
3. the third can be the price even though for someone that is investing with the DCA method, price does not matter more because you just set out a rule and ensure you follow it up to the latter.

in conclusion, a lot of variables are combined together to get the best out of one's investment but of them all, how much bitcoin you have accumulated places you at a position where a positive market reaction can affect you better than your counterpart that might have less amount of bitcoin in his portfolio.