⭐ Merited by JayJuanGee (1)
This part is true... A person needs to be invested into bitcoin in order to profit from its likely future appreciation, and even though it is not guaranteed that bitcoin will go up in value, it still seems to be a pretty good bet that it is more likely to go up rather than down, especially if our plan is to hold it for at least 4-10 years or more. Another thing is that there are other possible places to hold the value, and surely cash is more likely to continue to be debased and to therefore go down in purchasing power, yet at the same time, some folks might be lured into various other places to invest besides bitcoin, so it may well be a worthy cause to study bitcoin while investing into it in order to hopefully gain confidence about bitcoin being amongst the best of places (if not the best?) to put value, even though it is not guaranteed that it will go up in value... it is still a good asymmetric bet which means that if you do not employ leverage, then the most that you could lose is 100%, but there is also great upside potential, too.
I thought about it, I used to deposit a specific amount in the bank as Fixed DPS before and the funny thing is that after a few years, the inflation has been much higher than the profit I am getting from that bank DPS.For example, what I could buy for 5 dollars then, now it is not possible even for 10 dollars.
On the other hand, if we compare the price of Bitcoin, then in a certain cycle of time it gets a bear season and the price decreases by more than 70% but the interesting thing is that every time its price decreases in the bear season, the minimum is much higher than the bear all time low price of each season.
And besides, if we talk about the bull season, then in this case the fund brings several times more profit. Which we cannot even imagine as an interest from the bank.
So in my opinion, instead of making a fixed deposit in our bank, we invest in Bitcoin with a fixed deposit strategy for the long term, which will not inflate our assets.
And besides, if someone can hold Bitcoin for the long term, at least 8 years, I believe they will definitely be profitable. The logic is here so simple, after the 8years the earth population won't gonna same and as well these 21millions will have more adopter and as well that will increase the demand and demand will increase the price automatically
