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There is a length an investment can go and it becomes an overstress investment because the budget has become too long to still hold the longing of an investor towards it because five years of Bitcoin investment has it advantage, ten years also does has it own advantage and twenty years but looking at the motivational aspects the disadvantage of five to ten years is very minor compare to the twenty years because the early we have the budget to hit the more eager for the investors to be there but when is too long the investment will start be coming very uninteresting and there will no be urge for consistency, though not for all but for some people.
I have seen that the prices of Bitcoin have risen tremendously in the last 1 decades However, in the case of the price, a large number of courtyards can be seen again You can hold Bitcoin for at least 2 cycles if you want I think you should invest some of your original wealth in Bitcoin in holding Bitcoin for 20 yearsLong your portfolio in small size. Investing small numbers using the DCA method can be a safe strategy to invest in a long period of time. Which will help reduce the average price in your market fluctuations.
There is no barrier to Bitcoin investment, you can continue to invest with a little money In the long run you can invest in Bitcoin every day in your income (10-15%) And the rest of the money can be left in the shares bond, real estate and any That way you hold your long day bitcoin You can continue the journey.
Bitcoin is a long-term investment therefore holding beyond 5 years is even more preferable, we've seen how it's risen in the past decade so you can imagine how it would be like in the next decade, there're even hope that the price could be up to $1m by then so I think those who only invest for a full circle should consider extending their long-term plan to a decade or more, the beauty of holding Bitcoin is that no amount is too small so far the holder is considering holding for a very long period, you can do it daily, weekly or monthly and according to the income you generate. The more you hold Bitcoin, the more advantage you get compared to someone who's held for a lesser period someone who's held Bitcoin for a decade or 2 decades would be at more advantage and profit compared to someone who held for 5 years due to the ability of the coin increasing over time.
The data that has been presented from over the last ten years shows that Bitcoin could actually have a very long way to go. If we are talking about growth and multiplying the waiting period of the buyer of the coin to 5 years or more is a very clever strategy for those who trust in its future with great hopes. Even though it may sound mind-blowing for Bitcoin to be worth $1 million, it is actually a possibility given its track record and the increasing adoption.
Keeping Bitcoin for 10 or 20 years will definitely be your way of surviving the generational wealth transfer as Bitcoin which is limited in production will have the efficiency to multiply its value over time. A long-term mind-set and step by step investment is the best approach for investors who are willing to take a chance on the future of their own choice. Patience and consistency are the key as building wealth is not just an overnight process.
Yea you are very much on point bro, Bitcoin over the years has been on the rise steadily, so their is a higher probability that it can go as high as a million dollar or more in like 10 to 20 years time from now, though nothing is certain but the probability are very high, so not investing now that it's still very cheap is a risk and a regret am not willing to take, because at the end of the day we are all humans, we most times feel more regret for opportunity that we fail to take than even the ones we took, so not buying and accumulating now that it's still very cheap would be too bad for us that want to build a generational wealth overtime.
And lastly, we should pay more attention to our stash of Bitcoin because that's what going to determine how profitable and successful we are going to be in the future, because you can't just invest only $100 and be expecting to be filthy rich, your unit of Bitcoin is what's going to determine how huge your harvest will be, so try to increase your stash as much as possible because that's what will determine how successful you might be in the future.
In as much as I would love to agree with what you have said so far, I will also want you to know that I disagree with the fact that in 10 - 20 years from now that Bitcoin value will be million dollars. No matter the volatility of Bitcoin it is not possible and even if Bitcoin will hit that value then it can not be this interval of time.
Though we invest with the aim to make profit in the future but we shouldn't invest with the mindset of hyping or over hyping Bitcoin so that we don't panic when we see something different in the market. Moreover, our return in the future doesn't only depend on the unit we invested In Bitcoin but rather it also depend on the value of Bitcoin in the future but there is more possibility that the value of Bitcoin will be great in the future.