Quote from: Johnlomape on Today at 12:21:48 PM

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Quote from: Silikiem on Today at 12:43:34 AM

Yes, please more emphasis should be laid on the long term investment and not giving 5 years of consistently accumulating bitcoin, I’m not saying 5 years is bad, bitcoin is a long term investment and it’s more preferable you accumulate and hold beyond 5 years. Patience is key to bitcoin investment, and also being consistent while accumulating.

Before you think about accumulating you should also consider your level of financial freedom and your source of income, to stash up Bitcoin which is also known as accumulating you have to consider your expenses, if after your expenses are resolved you can then think of accumulating your Bitcoin holdings with a good strategy by using the DCA method, we all know that Bitcoin is a volatile asset that is why it is important to also consider a long term investment, 4-10 years is a good longer term to accumulate and have a sustainable profit in this time duration if you also consider buying aggressively with the right strategy, and not over doing it to affect your financial plans and expenses.

We all can agree to that infact most people that's been secretly following up this thread to gain proper knowledge about Bitcoin should've taken note of that, one's financial status is very important when it comes to Bitcoin investment, someone that's jobless shouldn't even consider Bitcoin but work hard to get a means of earning so they'll be able to invest consistently and meet up their target for the future, now that's my focus for this discussion, 4-10 years of investment is fair enough atleast one must have stashed up their portfolio and get reasonable profits in a full circle if they invest, let's say 50-$100 weekly but going beyond that time frame makes lots of sense to me, I'll even prefer 10-15 years or more if possible, Bitcoin is for the future and we all hope that it would be much more better in like a decade or two more from now and anyone that can hold till that moment with continuous accumulation would be making generational wealth for themselves.

It is unfortunate that someone that does not have a strong source of income may not be able to invest in Bitcoin. Bitcoin investment is known to be make those who have the money more richer than someone who is saving to invest in Bitcoin. Is like trying to fetch water from a well using a cup tying a rope to it to get water to fill a drum. This process is going to take a longer time or even days for such to be achieved compared to someone that has a big bucket to fetch water from the same well.

I have concluded that those who have the capital have upper hand to make more money from Bitcoin than those that would have to save money to a particular extend before they can invest in Bitcoin. The system is built for the rich not the poor masses.

Bitcoin investment is not specifically for the rich alone but for any one who has his or her discretionary income to start accumulating Bitcoin with, investing in bitcoin doesn't require breaking the bank or been very rich before one can invest in bitcoin, so saying that the system is built for the rich and not for the poor is very wrong, if you can figure out what is supposed to be your leftover fund you can start accumulating Bitcoin gradually using the DCA strategy where you can be accumulating Bitcoin regularly either weekly or monthly and hodl for a period of 4-10 and more.