I cannot say if I'll laugh or not. But that seems to be the easiest way to understand it. A slow way of being rich but it won't also happen if you only hold a little.
Hilarious but accurate. Bitcoin doesn’t give quick wealth at all. in fact, to be very honest, there’s still no guarantee that you’ll become rich even after holding on to Bitcoin for years, yes because there’s no guarantee of what might and might not happen tomorrow. But the point still remains that it’s a lot more safer to hodl for the long term, even if it’s all still a bit of a risk, but this risk is quite manageable and in fact the easiest way to take a risk. Long term perspective of Bitcoin gives one the advantage to utilize every single opportunity that swings by the market, gives you the ability to stay calm even in the middle of a downturn or volatility.
If someone has a huge capital upon investing on it, there is a likelihood that they'll become successful on it. But let's just put ourselves in a safer part that we won't guarantee them that they'll become rich but profitable. Because not every investors are the same like us.
Well said, this is the part I like about Bitcoin, you won't get rich also if you hold too little, gone are the days where Bitcoin was $100 per BTC, now you need more money invested for you to expect a certain amount back in the future, that's where DCA comes in, you can't just buy $50 BTC and be expecting 1 million in 2030 it is never going to happen.
I guess newbies hate slow path to success, this is why many people till date don't feel the need to invest in Bitcoin, the waiting game is not something that many people can do, some are forced to because of the situation in their countries, like the way things are going for them it might be a harder future.
No one knows what will happen in the future, Bitcoin might fail but there is a higher chances that it won't, and for me it is better to bet on the latter, you don't want to miss out on future value of one BTC.
It's possible before but as the price goes high, the only little you have, the little profit you'll also get. But still, this is one of the best assets out there and are performing the traditional ones. So, it's never too late because people look at how much their capital can multiply but it's even riskier in the other cryptos that they're betting on.