~snip~
I doubt that I need to repeat what I had already written, and sure, you are saying some of the right things, even though you are a bit all over the place in regards to various messages that you are communicating, and I still think that you are overly focused on profits rather than just keeping your head down and accumulating as much bitcoin as you can, rather than getting worried about the BTC price... and surely my point was not so much about the amount of bitcoin accumulated, but instead guys investing within their own circumstances, and surely any investment into bitcoin that consistently is able to invest 15% of your income into bitcoin would likely be aggressive, yet historically, it would have had also shown very good results in 2 cycles or less... and we cannot be guaranteed that future results are going to be as good as they have had been historically, even though bitcoin's investment thesis is not seeming to get any worse, even though the upside slope is likely to not be as steep as it had been in the past couple of cyclesWe could only hope what we do will give benefit for us. I am sure Bitcoin will not let us disappoint but we must be patience and enjoy the process without complain. After all, all things need time to give the result, right?
Of course, there are many of us who likely historically had not been accumulating bitcoin as aggressively as they could have had been or they should have had been, and at the same time, they continue to make mistakes around trying to time the market rather than putting their heads down and being thankful for whatever bitcoin that they had already been able to accumulate, while at the same time recognizing and appreciating that likely the best ongoing path forward is to keep on accumulating bitcoin, even if the prices seem high relative to what they had been historically and also even though there continues to be uncertainty about bitcoin short term price movements.
There are a lot of guys who had made mistake through their own actions, and I gave you an example of 15%, which would mean that about every 6.67 years the person would have had been investing a whole years of his salary into bitcoin, and surely most people are not able to be so aggressive in their bitcoin investment due to their own financial and/or psychological situation, and so surely I imagine that most folks are not able to accomplish that level of investment.
Yet, I gave a bit of a higher level of investment aggressiveness in order to demonstrate the point that ongoing, consistent, persistent, regular and perhaps even aggressive bitcoin investing historically, could have had really paid off in regards to making a lot of progress - so it would be very difficult for anyone fucking around with trading and/or shitcoins to have had been able to match or beat such results, even though surely there still might be some folks who had been able to match or beat such results.. so I am not suggesting that beating such results would be impossible, even though they are very good results in regards to the pay off of ongoing, consistent, persistent, regular and perhaps even aggressive bitcoin investing.
Let's say in the past nearly 10 years, you had not even invested a whole year's of your income into bitcoin (whatever might be your level of income), then that would mean that you likely had been investing into bitcoin less than 10% annually, and perhaps quite a bit more whimpily than what you should have had been doing... and perhaps you had been trying to to time the market, trading and even fucking around with shitcoins which largely you can probably recognize/appreciate that your own actions had ended up diluting your attention and your investment into bitcoin into less productive ways.
It can be difficult to suggest anyone to try to make up for his past mistakes, even though a lot of folks have made a lot of mistakes in regards to their level of aggressiveness towards bitcoin being too whimpy and sometimes so whimpy that they have not established even close to enough of a stake in bitcoin as compared to what they could have had or should have had.
If you can recognize and appreciate that your own approach had been too whimpy in regards to bitcoin, you still can recognize and attempt to step up your level of aggressiveness towards bitcoin accumulation without overdoing it.... .So, you still may well be able to be thankful for whatever quantity of bitcoin you had still been able to accumulate and to put your head down and continue to accumulate, perhaps at a bit more of a regular and aggressive kind of a way so that you can get your bitcoin stack up to a level that it might be able to either support you or at least supplement your support, 4-10 years or longer down the road.
Of course, it is not guaranteed that your ongoing investment into bitcoin is going to end up paying off, but it surely seems that bitcoin remains amongst the best (if not the best?) of investments that are currently available to everyone and anyone around the whole world, as long at they have a discretionary income.
And just like you said JJG the best ongoing path forward is to keep on accumulating bitcoin, even if the prices seem high relative to what they had been historically, the price of Bitcoin today will be very cheap compared to what the price will be in the future, when Bitcoin was $1k some people saw it as being expensive and didn't accumulate why others that continued saw that it is cheap compared to what it will be in the future and this is it today, yes it seem high relative to what they had been historically but that should not stop you from continuing your accumulation because the future will be better than it is now even though is not guaranteed.
Everyone has there own financial strength some set of people can become aggressive in there Bitcoin investment and it won't cause them problem because of how strong there finance is why others will catch up with problem if they should become aggressive in there accumulation journey so is better and very necessary for one to know how strong enough his financial strength is before becoming aggressive in investment.
You are right JJG consistency, persistency, and regular buying of Bitcoin aggressively could have really boost a lot of people's financial status.
No doubt when investing in Bitcoin if you are consistent, persistent and you are aggressive in your accumulation you will grow fast however in the part of aggressiveness like I said before we need to first check out financial strength and having a strong backup funds is one thing you should consider before becoming aggressive.
You are right some set of people have really missed out because they where busy fucking around with trading and shitcoins and before they know what was happening 1 to 2 years has gone pass them and this was a time they would have used to build a good amount of Bitcoin.
I hear people talking about diversifying please as a newbie don't even think about that you need to build your Bitcoin to a very good stage before thinking about diversifying so as not to cause distraction to yourself which may slow you down in your investment journey.
You are very correct JJG some set of people have made a lot of mistakes in regards to their level of aggressiveness, there investors right now who don't have a backup funds for example emergency, reserve and float funds and this are the things that help you to become aggressive, when you have a reserve funds you can be using it to accumulate aggressively when ever there's a dip and still continue with your DCA strategy one needs to be a little aggressive in his Bitcoin investment.
Yes one still have the opportunity to correct any mistake that has been made in his Accumulation journey and one can set the necessary steps so as to become aggressive in his Accumulation is never too late when it comes to bitcoin investment.
You are right JJG truly it is not guaranteed that your ongoing investment into bitcoin is going to end up paying off however for the fact that bitcoin is one of the best investment in the world it is worth it.
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There are many people that have the habit of buying and selling when they sight profits, these are the people called traders and their target is quick profits and often they miss out on the bigger picture and even run into losses when the profits refuses to come and they are forced to sell at loss. I doubt that there is any reason to place any exact number on bitcoin, even though $500k is quite low and it is only around 6x from current prices. there are likely better ways to frame bitcoin's value or expected future value rather than focusing on prices.