...
4-5 years or even 10 years in my opinion is the time limit that allows an investor to profit from Bitcoin investment and we must admit this, it's just that the profits obtained are not as satisfying as long-term profits without a certain time limit that will guarantee you will get much greater profits from all that.
Real evidence of the Bitcoin price trail at that time when compared to now has reached 1 and a half decades, the price continues to increase and passes 4-5 and 10 years the price continues to increase. So there is a possibility that such a case will happen again that the price of Bitcoin the longer you hold your assets firmly, the price will continue to increase which will provide much greater profits compared to the profits obtained under 10 years.
And this is often discussed and always in every comment that having discretionary income is a safe way in the investment journey, because discretionary income is the income that remains after paying important costs and basic needs and so on to be used to buy Bitcoin regularly which will not cause problems in your life journey and also your investment. And emergency funds are also needed because we don't know what will happen to us in our life journey, especially in financial matters and when we really need it without involving Bitcoin at all.
It seems pretty short-sighted to me, if a guy spends 4-10 years to invest into bitcoin and then he sells all of his bitcoin. There is no reason to conclude that selling all of your bitcoin is a good plan, especially if it may have had taken 4-10 years or even longer to build it up. Some kind of
sustainable withdrawal whether price based and/or time based seems more practical rather than selling all of the BTC that had been accumulated.
[/quote]
it sounds short-sighted various ways because nobody can tell what bitcoin will turn into over a period of 4-10 years. Its purchasing power might go through the roof exponentially from year to year if certain technological advancements fall in place for instance.
There is the next generation underway which will be far more inclined to be dealing digital assets than the grown up generations that have been confronted with bitcoin as an innovation rather than a given. I think that can trigger tremendous adoption effects whereas those generations who have to get accustomed with something brand new, unknown and strange are rather hesitant when it comes to adoption. The same applies to legislative procedues. it has never been likely that the old men running the parliaments around the world (if it is not a dictatorship) would be very happy about bitcoin and pave the way for it to thrive as much as possible. But the next generation of policticians perhaps have a totally different stance on bitcoin.
All these developments and changes that are underway suggest that this is a long-term investment asset as there are many things down the road which will have an impact.