Quote from: Joy- maker on April 18, 2025, 09:55:26 PM

Quote from: JayJuanGee on April 18, 2025, 07:12:16 PM

Regarding luck.. There probably is some luck involved, but like you suggest Cookdata holding and even continuing to buy through the years is not ONLY attributable to luck... even though there may well be some luck involved, since folks are in different places at different points of their lives and in regards to their abilities to spend time, money and energies on something like bitcoin

JJG I read what you wrote above that's why I decided to ask this question directly, those who bought bitcoin when bitcoin was $1k as at then, and they hold onto it for years and bitcoin prices increased along the line less say to $30k and they profited massively from their bitcoin holding, so now my question is, where they lucky to buy bitcoin when bitcoin price was $1k and hold onto it for years or they just made the right decision by taking Risk to buy buying bitcoin with believe that it we increase in price one day since bitcoin is decentralized?

I doubt that it is fair to attempt to characterize the situations of everyone being the same, since we might suggest that guys who were exposed to bitcoin prior to 2017 would have had abilities to accumulate bitcoin for $1k or less, yet we know that it can take a long time to both accumulate bitcoin, and also a long time to make sure that we understand bitcoin well enough to be convicted in bitcoin to such an extent that we invest into it rather than trying to trade it.

Some guys may have come to bitcoin several years before 2017 and still were not able to accumulate a lot of bitcoin because either financially and/or psychologically they might not have had been in a position to have had seen any kind of value in accumulating bitcoin.

There were guys who took relatively whimpy bitcoin positions, yet they still ended up profiting extensively, even though they took whimpy positions, and then maybe later down the road they might have had decided to add to their position.

There is some luck in regards to being in the right place at the right time, yet there also needs to be preparation and abilities to act upon being in the right place at the right time, including action to accumulate the bitcoin but also including actions to make sure not to start selling their bitcoin until they had reached an overaccumulation status.

We cannot go back in time, so it remains a bit fruitless to be trying to figure out the extent to which some guys were lucky, skillful and/or perhaps a combination of both things at the same time.

Even though you have ONLY been registered on the forum for a couple of months, it surely is possible that you are quite lucky to be learning about bitcoin right now and hopefully if you are starting to act upon your having been exposed to such knowledge about bitcoin. Maybe there are some guys who are able to front load their bitcoin investment right now, yet surely many guys still might take 4-10 years or longer from here to build up their bitcoin portfolio from merely having their regular DCA type resources, and some guys might be in a better position than others in terms of how much of a discretionary income that they have.

I think that there were several times in my own younger days that I might have been quite reluctant to invest into something as volatile as bitcoin, and surely it can be quite difficult if we might be in college and/or trying to build up our working skills, so we might not have a lot of money for any of our investments. Even some guys get good paying jobs, but then they might invest into 401ks and other kinds of employer offerings, or they get focused on buying a house, so they save up for a house, which truly it could be lucky if they might consider that bitcoin may well be a better place to be putting their value and perhaps if they are torn, they might figure out ways to try to invest in both.

I know that in my earliest of years of working, and even while I was in college, I tried to figure out ways to invest or to save, and so my savings and investments tended to be 10% of my income, and when my income went up, I was able to invest beyond my prior targets of 10%, and I believe that I had even engaged in some attempts to make up for some of my prior lower levels of investing... so by the time, I heard about bitcoin and started looking into it, I was already in a place to be able to really focus on bitcoin, and so there is a certain amount of luck with being in a position to be able to do that.. yet each of us still has to go with what we have, and if we are just getting started in bitcoin or maybe some guys have already been exposed to bitcoin for several years, yet they are ONLY recently learning that it might be better for them to increase their level of bitcoin investing and to move away from being skeptical and/or whimpy in their bitcoin approach... so there may be some luck to be able to find oneself as being ready to invest and then to take further investment actions.

Quote from: As-Soon-As on April 18, 2025, 11:25:31 PM

Quote from: Joy- maker on April 18, 2025, 09:55:26 PM

Quote from: JayJuanGee on April 18, 2025, 07:12:16 PM

Regarding luck.. There probably is some luck involved, but like you suggest Cookdata holding and even continuing to buy through the years is not ONLY attributable to luck... even though there may well be some luck involved, since folks are in different places at different points of their lives and in regards to their abilities to spend time, money and energies on something like bitcoin

JJG I read what you wrote above that's why I decided to ask this question directly, those who bought bitcoin when bitcoin was $1k as at then, and they hold onto it for years and bitcoin prices increased along the line less say to $30k and they profited massively from their bitcoin holding, so now my question is, where they lucky to buy bitcoin when bitcoin price was $1k and hold onto it for years or they just make the right decision buy buying bitcoin with believe that it we increase in price one day since bitcoin is decentralized?

It is wrong to think that those who are smart have been successful in holding Bitcoin because the price of Bitcoin was low in the past, and that many investors are not daring to hold Bitcoin because the price is high at the present time. You should note and think that those who invested in the past were brave and had the ability to take risks.
Those who are ready to take risks even today can be successful by buying these more expensive Bitcoins, you can keep storing Bitcoin for a long time in the DCA method according to your needs and based on your income. You can keep buying Bitcoin for a long time in the DCA method weekly with small amounts of money, it is possible to be successful only if you can hold Bitcoin strategically and correctly.

Yep.. It seems to be problematic for newbies to be getting caught up upon the past, since bitcoin newbies likely need to be figuring out ways to maximize their own possibilities for luck, since they have already found out about bitcoin and are researching into bitcoin and also likely needing to figured out how to act within their discretionary income and/or perhaps figuring out how to increase their discretionary income by increasing their income and/or cutting their expenses.