Quote from: Churchillvv on Today at 04:13:36 PM

Quote from: JayJuanGee on Today at 01:59:24 PM

The bitcoin investment is not guaranteed to be profitable down the road, whether we are talking about 4-10 years or longer, yet guys still ongoingly invest into bitcoin because they consider it to be amongst the best, if not the best of asymmetric bets to the upside that is currently available across the planet and to everyone/anyone.

Perhaps it's very clear that in the current world system almost all the patterns only makes the class system to remain reged but bitcoin someone from experience deviated from this system by giving the ordinary guys like us the power or provisions to move from one class to another class by taking a simple action of stacking up bitcoin in a long term vision.

Perhaps guys might not have the conviction that bitcoin will be profitable in the long run, yes it's not guaranteed that bitcoin will give us the profit but perhaps we found ourself in this community with likewise minds who have been holding and are holding till the future hence this is enough conviction for newbies or guys like me to keep buying and/or ongoingly invest in bitcoin because considering every investment bitcoin seem to be the most effective in return of investment in just or with a short period of 4 years but perhaps if only one has invested in the appropriate time like right now and perhaps in a long term of 10 years plus one would for every reason see more why to invest in bitcoin.

There are ways to keep two somewhat contradictory thoughts in mind at the same time.

Bitcoin is not guaranteed to be profitable in the future.

at the same time:

Bitcoin is likely amongst the best, if not the best, place to put value, based on it being a fundamentally paradigm-shifting asset that is still quite under-appreciated, under-adopted, and so there is likely a lot of ongoing potential for upside growth since it is an asset that is available to anyone and everyone all around the world.. yet we still ONLY have in the ballpark of less than 1% world-wide adoption, even though there are some hoarders that include institutions, governments and rich people who are sucking up decent amounts of the supply. .and causing the price to go higher, but not based on world-wide adoption, so any individuals who are able to recognize the value of bitcoin as an investment and to make sure that they have bitcoin, are likely to disproportionately profit from their choice so long as they don't make mistakes in regards to their investment into bitcoin that include but are not limited to needs to be able to make sure that they can continue to pay their living expenses bills and to maintain and/or build their bitcoin stash...

And yeah, there are a lot of normies who still have not identified bitcoin as a great place to put value, which is evidenced by the ongoingly low level of adoption and even the low level of seriousness being taken in regards to putting value into bitcoin. We are still early, even though so many folks consider themselves to be late, and they are either no coiners or low coiners. Even a lot of low coiners do not recognize themselves as low coiners (including a lot of members in this forum and in other bitcoin/crypto forums) and they are not prioritizing the ongoing, persistent, consistent and perhaps even aggressive accumulation of bitcoin, even if they might already own some bitcoin (whether if they hold their bitcoin through third parties or in personal custody - perhaps learning how to get into a practice of personal custody is another way that any bitcoiner can establish a level of seriousness when it comes to making sure that they hold a decent amount of their bitcoin value (perhaps more than 75% of their holdings?) within their own private wallet(s) - which is a lot of what gives value and power to bitcoin).

Quote from: MinoRaiola on Today at 08:04:47 PM

Quote from: JayJuanGee on March 19, 2025, 08:23:06 PM

Prior to 2020, there were frequent assertions that inflation (or the debasement of the dollar) was only around 2%, yet there are also indications that such debasement was likely quite higher than 2%.

These days we need to anticipate quite higher debasement levels, especially since 2020 - perhaps in the ballpark of 6%to 10% annually, and sure the quantity of debasement will also depend on the good and/or service that you need (want).

As far as bitcoin's value goes, bitcoin is appreciating in value based on the soundness of it as a money, it still being in early adoption phases and the debasement of the dollar. Bitcoin is likely to continue to grow in value way greater than the debasement of the dollar levels.

Of course, we cannot predict any kinds of exact levels regarding how well bitcoin is going to continue to perform as compared with other assets/currencies, yet I would think that it is better to figure out some kind of a strong allocation to bitcoin since it seems to be amongst the best, if not the best, of asymmetrical bet assets that currently is available to everyone and anyone across the globe..

I see it the same way. There is a simple example from the past. If we look back 50 years, you cant compare all prices with today. The prices for houses, cars, land, or even the price of milk have risen. More fiat money is printed, and it has to go somewhere. I dont think this circle will ever close. Debts will always be incurred, and this money may also be created out of nothing, even if it looks different in theory.

And yes, you are probably right, it is much more than 2%... because of the coronavirus, it was probably 6-10%. I can still remember Turkey, Venezuela, and Argentina with extreme inflation rates.

The people (the public) is almost constantly lied to about the level of debasement of the dollar and various other fiat currencies, and yeah, some fiat currencies do much worse than others, and the level of the abuse of the printing (debasing) of the currency varies too, since it may well be the case that many governments try to get away with as much debasement as they are able to get away with, and surely there are some governments that are more responsible than others, yet even from a government incentives' level they might feel that it works to their disadvantage if they do not create the artificial feelings of wealth (that is if they distribute money fairly), yet we also likely realize that governments tend to have coverted and/or even corrupt ways in which they likely end up unfairly (and even covertly) rewarding some kinds of entities, institutions and individuals more than others.

Of course, when we are able to understand the various ways that governments debase currencies while at the same time will frequently try to proclaim that there are other reasons for the suffering of the people through raises in prices, we can recognize and appreciate some of the strength and justification of bitcoin as an investment thesis that ends up serving as a sound money that is even in the ballpark of around 1,000x or more better than gold (even though it could take 50-200 years or more for bitcoin and gold to reach fair market valuations relative to each other.