I am not suggesting that anyone should start to become reckless with their investment value into bitcoin, merely because it had been built from their extra money stashes, yet I am still suggesting that the more the BTC grows, various dilemmas could start to occur, and even that some poor people will end up dipping into their bitcoin investment too soon, yet it could end up being the case that at some point the bitcoin price ends up going up quite a bit and so then all of the value that is kept in bitcoin ends up compounding upon itself...so it could end up taking several compoundings of the value before the person realized that keeping the money in bitcoin turned out way better results as compared to their exercising an option earlier in time to dip into their bitcoin holdings. So a guy who had spent several years accumulating bitcoin prior to 2017, he might have found himself having an average cost per BTC around $1k, so then these days when the BTC price is going up and down by $3k to $8k in a day, then his BTC portfolio holdings are going up and down 3x to 8x the size of his total bitcoin investment amount in relatively short period of time...but yes can take a couple of BTC cycles or more to get to such a status, and it is not guaranteed to happen.
That's right sir, novice investors don't have to be reckless in running investments in bitcoin. They need patience to build their portfolio and there are also good steps for them by investing well and not looking at the price when executing bitcoin.
In the coming cycle we will not know how much bitcoin will cost and whether it will go up or will experience a correction. However, with the achievements that we have seen in the progress of bitcoin, of course the price has increased since 2017. Yes, even so, this is not difficult to understand when long-term targets are a priority that must be instilled in the hearts of investors.
As we can see, the current circulation of bitcoin is 19.83 million btc in circulation and all of them are in the hands of holders and there are also btc that die because their owners have died. That way, scarcity will occur throughout the cycle that we will go through in the years to come.
Well said here. In general investors dont need to be reckless not minding which level of profile they have attain. If we are a novice, intermediate, and professional (even if no one is perfect but there is some level of knowledge we have that differentiate the status.) we still need to be careful on our investment because one thing is sure anyone can make mistake and lose big money if we are not careful.
Taking precaution and prioritizing securities should be adapted by everyone investing in Bitcoin no matter the status. Havent you hear of a crypto influencer who still lose his Bitcoin because of impulsive decisions or i too know.