I think that it is dogmatic to attempt to impose your values onto others, and yeah, frequently our posts are going to create impressions that we are recommending or telling others what to do, yet in the end, each person has to come to their own conclusions about whether to invest into bitcoin and how to invest into bitcoin, including recognizing and appreciating that bitcoin is not guaranteed to be successful, yet probably we could guarantee that no one is going to lose more than 100% that they put in, as long as they do not use leverage.

Many times, I use pretty strong language and call people retards who are arguing against investing into bitcoin, yet at the same time, I consider that each person has to figure out how to come to bitcoin under his own direction, and to be responsible for his actions and/or inactions in regards to investing into bitcoin or not doing so.


Some of my own ideas (opinions) have evolved on this topic, and I have come to conclude that investing needs to be 4-10 years or longer other wise it is trading if it is less than 4 years, and even the time frame of 4-10 years would be short term investing and potentially trading, except surely some folks do not have an ability to commit towards investing into bitcoin for more than 4-10 years because of age and/or health considerations. 

I am mostly against trading bitcoin or getting into bitcoin for less than 4 years to try to play bitcoin's price wave, yet I can understand that some folks might choose to take those kinds of chances with money that they believe they need in less than a 4-year time horizon.


None of us can really particularize  the extent to which someone might consider that they are not able to commit to investing more than 10 years, and there are some folks with serious health concerns (or degenerative conditions) that the are already expecting to cut into their cashflows, and aging itself is a degenerative condition in which folks might consider that they are not ready, willing or able to increase their income sources, and they might even have income sources that they already know are drying up within certain timeframes, so then they would  be expecting to draw on their bitcoin to supplement their income sources that they expect to be drying up. We cannot necessarily wish away another persons assessments of their timeline based on health/age considerations, and they might already be in  a situation that they acknowledge that they might have fucked up in their younger times, but they have to work within the parameters that they are rather than trying to turn back time and be able to do it over.

Emergency fund is not going to do shit to save some folks from already known financial cashflow constraints, perhaps already known cuts to housing  and food budgets, and perhaps even years of already liquidating various assets and/or properties.  Many times we consider emergency funds to be short term interventions that might deal with sudden loss of income or increase in expenses that might be rectified after some time for someone who might be still able to work, but still some emergencies might be happening when folks are in their late 50s or into their 60s, and maybe they are not in a position to recuperate from any emergencies that might be covered by the emergency fund for the short term, but then they might have to transition into some status in which they have more of a longer term loss of income or increases in their expenses.


You are living in a fantasy, if you are trying to impose your own expectations of your own situation (or how you might prepare yourself) as compared with our talking in generalities about how some folks might be limited by both their age and also by various preparations (or lack of preparations) that they might have had been able to succeed in in their earlier years, perhaps when they still could earn income.

There are financial preparations, social support system preparations (such as family), infrastructure preparations in regards to where a person might be living and there can be a lot of limits in terms of a persons geography or nation or even if they might have various physical limitations.

Sure age might not always be a major factor if some elderly folks might have various fall backs, but we cannot presume certain kinds of fall backs to exist, especially when we are talking about these potential kinds of limitations in general ways.


Some of the 3x to 5x to 10x will come in bursts, and sure the BTC price may go back and forth, but there are certain periods that any of us could end up getting fucked if we choose to shave off a certain portion of our BTC hoping to buy back cheaper, but then the BTC price goes shooting up rather than down.

It is not even really that long ago to consider up to 7x between the lows of 2022 until the recent high of $109k in January, so there can be periods in which the price moves up quite a bit and then does not have very much likelihood of correcting back down (even though the extent of any future correction is never completely known, but we get some ideas that at some points, we are not too likely to be revisiting some of the lower price arenas). 


I think that there are some truths in the various assessments that there are only a  few days each year (like maybe 10 or so) that most of BTC's profits are made, and if you happen to be out of BTC at that time, then you miss most of the gainz.  It is not easy to really know in advance when those 10-ish days per year are, which causes a decent amount of justification to not even take the chance of being out at one or more of the wrong times.


There may be several ways in which none of us would completely have 3 months of cash just sitting around, even though the idea of emergency funds is that it should be pretty liquid and it should be in our local currency (or some kind of a stable currency, such as dollars).

There are probably a lot of us who might have cash crunches from time to time, so we may well end up having to move around various funds or to prepare ourselves for some expenses that we know are coming in in the near future.  Sometimes we might have various sources of funds (or assets) upon which we can draw, if we need some cushion money, and we might not even realize, sometimes, how we might be running out of various kinds of cushion funds of if we might  have to attempt to draw on an asset or currency that is less liquid, such as knowing that we might need to have around 4 weeks before we can have that asset/currency available to us.  So one thing is how available the asset/currency is, and then another thing might be questioning how volatile  that asset might be compared with our local currency (presumptively we are paying bills/expenses in our local currency, mostly).


Businesses in themselves might not be a better place to put money as compared with bitcoin, yet if you are involved in a business, then frequently value that you are putting into the business might be able to help to leverage various skills and/or abilities and/or position that you have so that you can earn an income from your labor and/or your skills.  So for sure when we are building our bitcoin investment, we need to be generating income (many times from our labor) to then perhaps later get to a point that we might not need to work in the future to be able to live off of our investments. bitcoin  and perhaps some other investments that we have that may or may not require much if any work input from us.


Yes, having bitcoin can create opportunities to be  able to enter into other kinds of investment (trades/projects/shitcoins), and so there can be an alure of being able to leverage bitcoin and to be able to increase the bitcoin, which like you say, may not end up doing too well in terms of how a person is choosing to use his time, energies and his bitcoin.. and he may well would have had been better to just focus on building his bitcoin through more mundane ways of buying it on a regular basis and working on earning income in other ways to just buy bitcoin.  So if we keep buying bitcoin persistently, consistently and regularly, there should be some assurance that our bitcoin stash is growing larger, yet we cannot always have confidence that our bitcoin is going to go up in value. 

If we study and understand bitcoin, we should be able to recognize and appreciate that bitcoin as an asymmetric bet to the upside, so the most we could lose is 100%, while at the same time there is ongoingly great upside potential including that it might be the best investment available, yet even if bitcoin is the best investment available, it is still not guaranteed to go up in value.


I suppose that I was choosing to depict bitcoin within my own timeline of being in bitcoin, even though frequently, I don't like to go back before 2012 when making comparisons of bitcoin to other assets, since prior to 2012, bitcoin had a price less than $5 for much of that time (even though I know it shot up to $32 in 2011), but still I don't tend to  consider it fair to be using bitcoin prices prior to January 2012, and  January 2012 we can use $5 as kind of nice round number  as bitcoin's price starting point (in order to attempt to be more fair).  I know that there are some folks who are starting from even later dates than  me, and I am not even opposed to some ideas of starting out looking at bitcoin at $1k in order to make comparisons to other assets/investment possibilities.