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bro this thing you are saying I doubt if any anybody we have any money in hand that they don't need for 4 to 10 years not in this hard economy, what i was expecting you to say is that no matter what you are doing how much one is earning either weekly or monthly they should keep buying bitcoin and hold for long term, for that is the proper way of bitcoin investment.
What if you have $20,000 in hand and you can't afford to lose it in investing in bitcoin and you don't need the money for 4 to 10 years just as you said. what advice are you going advice give to such person, to invest or not to invest?
To me it's not all about investing the money you don't need for 4 to 10 years is how willing are you to take the risk because bitcoin is high risk high return which is 50 50.
You seem a little lost Joy- maker. You have $20k and you don't need it for 4-10 years, yet at the same time you are saying that you cannot afford to lose it. Where you going to put it? You don't seem to know. Also how come you cannot figure out your own timeline in the hypothetical? Are you going to need it in 4 years? or 10 years? or you are not sure? If you are not sure, then why? do you have some kind of a health condition? or age? or do you have some kind of purchase that you want to make? like a house? and why 4-10 years? how about more than 10 years?
When you invest into bitcoin, you have to be willing to acknowledge that you could lose up to 100% of the value that you put into bitcoin. You could lose due to your own execution flaws or you could lose by the value of bitcoin not doing what you had expected. If you cannot acknowledge the potential of losing up to 100%, then you should not be investing with any money that you cannot afford to lose.. so then if you define your $20k as not being able to afford to lose, then you are stuck without being to invest into bitcoin, and you may well be stuck in not being able to invest in anything? On nominal basis, you could put the $20k under your mattress, and then after 10 years, it may well be worth $3k or less in today's purchasing power. Of course, you could maybe find some low returning types of places that you are potentially going to put it and hope that it earns in value in terms of an interest rate that is greater than the amount that it is nearly guaranteed to lose in purchasing power, since in 10 years, that $20k is likely ONLY going to be worth around $3k or less in today's purchasing power.
Many of us bitcoiner's would put most, if not all of that $20k into bitcoin, especially since you said that you don't need it for 4-10 years, yet each of us would likely realize that we are not guaranteed to get the money back, so we might have to choose if we might put part of the money in other potentially inferior places and to dilute the $20k into inferior investments... and by the way, since you are giving the hypothetical, maybe it is better to specify for how long are we planning to invest, and surely we should be taking into account all of
our 9 individual factors when we invest into something like bitcoin, which is not easy from your hypothetical. Do we have an income also from your hypothetical?
I personally prefer the idea of continuing to invest with DCA rather than just throwing a one time investment into bitcoin. Even though with the $20k we can still choose between lump sum, DCA and buying on dips with that amount, but if we also have an income, that might be good to know if we are also able to supplement with $100 per week, too. Each of us has to decide, and there is not one right answer, even though it seems to me that financially and/or psychologically you would be much better to put into bitcoin rather than either leaving in cash or putting somewhere else, but you have to figure out for yourself, and live with the consequences if you choose inferior places to put your $20k value because you might have unrealistic expectations in regards to what you supposedly believe that you need or that you don't need in your little fantasy world of 4-10 years or more from now.