Quote from: Tungbulu on April 01, 2025, 11:13:09 PM

Quote from: JayJuanGee on April 01, 2025, 09:10:58 PM

Quote from: Derekfunds on April 01, 2025, 11:18:56 AM

Quote from: Makus on March 31, 2025, 09:53:53 PM

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Individual mentality and perspective differs, he just started his fact and his mentality on what Bitcoin will look like or is for him but one thing is you don't force people to change or believe what is right rather you only tell them and then it is there choice to chose between what is been said and what they have in mind. Saying Bitcoin can not do 2x of it current price is absolutely wrong and not true and this mentality is why some people did not invested earlier when Bitcoin come into existence, most persons see it as a scam some people say it won't go anywhere etc but today Bitcoin is more than 10x it initial price, I hope and I know Bitcoin will still surpass this level.

Sure bitcoin can continue to go up from here in this season, and it could go anywhere from merely reaching our current ATH or it could go another 5x to 10x or more for this cycle.

At the same time there are no guarantees that we will have such levels of a bullrun for this cycle or even for the next cycle, yet part of the reason that many of us stock up on bitcoin is because those kinds of runs continue to have decent odds of playing out .. .so we can choose our BTC allocation size in order to be in a place to potentially benefit from such price runs if they were to take place... whether this cycle or further down the road.

Of course, another thing is trying to stock up on bitcoin earlier rather than later, and each of us need to figured out how much we can stack up in 4-10 years or longer, since we anticipate that bitcoin is going to continue to be a good asset to have and to continue to buy, even though we may well not need to buy more of it, if we can stack up earlier rather than later...so in that regard, considering, 2x, 5x, 10x, 50x and even 100x from here is not unreasonable even though surely the higher the number the longer it may well take to play out.. and also the higher the number the longer it may take to be able to both get there and also to become sustainable at those higher rates.

I actually do love the mix of optimism and realism in your post/comment. You’re absolutely correct by implying that Bitcoin’s performances suggests that those crazy ass bull runs could eventually happen again, but like we already know, there’s absolutely not a single guarantee. So it’s pretty much about just weighing the odds involved and using that to make better and informed choices.

Without a single doubt, your assertion is very much agreeable that stocking up Bitcoin pretty much earlier than having to do it quite later is indeed a very solid strategy. When it comes to having to figure out how much one needs to accumulate next 4-10 years, and even more in some cases, it’s kinda like a personal decision but having and maintaining a long term perspective is the key to success when investing in Bitcoin.

I just seems that the investment thesis for bitcoin is not any weaker than when I got into bitcoin in late 2013, and there were a lot of trying times back then, and so in some sense, the answers today are not any different from what they were 11 years ago. .. continue to buy as much bitcoin as you are able to until you think that you have enough or more than enough... If you already got a bit of a headstart, then good for you. Maybe you have already accumulated a few BTC.

But if you are just getting started right now, then maybe you first shoot for 1 million sats, and then you shoot for 5 million sats and then you shoot for 10 million sats and then for 21 million sats, etc, etc.

You might consider that you are ONLY able to accumulate so many sats, but if you are buying every week, whether $100 per week or $10 per week or some other amount, then you are likely making progress in terms of ongoingly, persistently and consistently adding to your stash.. and so you might not even need as many bitcoin as you think that you need in order to get to your goals.. yet since the value of bitcoin in dollars is ongoingly changing, so there will continue to be need to monitor your progress in terms of something that is tangible, such as how much of a salary do you need every year in order to sustain yourself, and then perhaps at some point the quantity of bitcoin that you have might come to a high enough level.

For example, right now a guy who might consider that he needs $80k per year of income, he might consider that he needs 17.63 bitcoin or more in order to get over his status of his bitcoin being able to sustain that level of income from his bitcoin stash. Yet, if such guy with a requirement of $80k per year were to have a similar income target for 10 years from now, then he might only need right around 2 bitcoin or more in order to accomplish that same level of income (even accounting for the debasement of the dollar). Sure, we cannot know exactly how the values are going to work out, yet a guy who might be looking to get to that same status might find that it could be way easier to reach the 2 bitcoin or more future target as compared with the 17.63 or more bitcoin that is needed today for the same income level.

Surely, there are guys who also do not need that same level of income, so there could be guys that might need $40k per year or$20k per year, and they would need only 1/2 the quantity of bitcoin or 1/4 of the quantity respectively as the guy with the $80k per year requirement.

Quote from: Tungbulu on April 01, 2025, 11:13:09 PM

Again, It might seem kinda crazy to consider those massive multiples, I mean the 2x, 5x, 10x, 50x and so on which you mentioned, but when/if you really think about Bitcoin’s history and previous achievements, you’ll get to know that it’s not entirely unreasonable or impossible to hit those multiples. It really doesn’t matter how long it’ll take, because sure, it’ll definitely take some time and that’s exactly why it’s always advised to maintain a long term plan and approach. And you’re definitely correct, the higher the multiples the longer it could take to reach and also sustain those levels.
But once one is able to find a balance between being optimistic and being cautious, and being ready for whatever the future, then it’ll be a lot more easier to navigate and sustain your portfolio level effectively.

Of course, we likely need to maintain conservative projections and also potentially more bullish projections, in order to consider a variety of possibilities, without getting our hopes up too high, yet at the same time, being prepared for our expectations being met and/or exceeded. I think that there are quite a few of us who had relatively conservative expectations in regards to bitcoin, and bitcoin had ended up exceeding our expectations. I purposefully placed my own expectation at somewhere in the ballpark of 6% per year for what I was considering bitcoin as a base case, yet surely even in my own case (and several mistakes that I made along the way), my own bitcoin holdings had performed around 60% or more per year, even though I purposefully had ONLY set my expectations at 6% per year... so it frequently has been my thinking that if we purposefully set our expectations in relatively conservative ways, then it becomes way more likely that we are going to experience bitcoin performance that exceeds our expectations and we know that it is not guaranteed, but we can also be prepared for our expectations to be exceeded.. There are ways to make such mental expectations....and then to just continue to plow away at building our bitcoin investment, since we likely have to spend a lot of time and effort building our bitcoin investment first in order to even get ourselves into a position of being able to benefit from it at later dates.

Quote from: Sonia_123 on Today at 12:00:07 AM

Quote from: Tamaperdana on April 01, 2025, 02:18:19 PM

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If he says he his poor, that means he does not have that resources at all, you can't force a person that has no means of income or means of survival that bearly have ones meal to invest in Bitcoin where do you want him to start from, remember he his poor if you give the person a phone to start with, let's say you want to help what about the mega-bite for browsing to be online or are you also going to continueosly give the person money to be investing in Bitcoin, instead set up a business for the person, which he can start from

Sure, at minimum, each person has to have discretionary income to be able to invest in bitcoin, and if they cannot figure out a way to have discretionary income then they should not be trying to invest into bitcoin with money they need for their living expenses.