There is no guarantee that you are going to be in profits with your investment even if you invest for 4 to 10 years or more and secondly you also need to understand that past performance is not a guarantee for the future performance but a guide and that doesn't mean we shouldn't put good efforts and good investment practices by buying and holding without selling too soon.
Have you seen anyone that invested in bitcoin 10 years ago and is currently at loss? Am confident that if you can hold bitcoin for 10 years, you will be in good profit. Do you think bitcoin will be at the current price which it is in the next 4-10 years? I don’t really think so, if you can take your time and check bitcoin price history, then you will know that bitcoin is really growing, and am sure in the next 10 years bitcoin price is really going to be massive.
Bitcoin is still not guaranteed to be profitable in 4-10 years or more, even if it was profitable in the past 10 years.
Yes, this is more like the bitter truth which every single investor must know as he or she embarks on the bitcoin investment journey. The quote that bitcoin a still not guaranteed in 4-10 years or more even if it was profitable in the past 10 years is simply right and that’s the bitter truth. I know most investors especially the newbie might find it difficult to understand, and perhaps finds it discouraging, but the post isn’t made to make you feel disappointed about investing in bitcoin, because you’re left in a dilemma, rather the post is simply trying to let you free up your mind more especially to those investors who jump into bitcoin investment with the sole aim of making profits. Apart from the volatility of bitcoin, there are so many other way a person can still end up not being successful as a bitcoin investor, not that the problem is from bitcoin itself, but the problem is you due to some miscalculated moves especially in terms of your financial management, as earlier said, even if you do everything right, have sources of income, and you have a weak or poor financial management practice, there’s a possibility that your bitcoin investment will become fruitless after so many years of investment. In as much as the optimism is high for bitcoin investors hoping for the best, we should also be prepared for a big downturns. So many times, Bitcoin has recovered, there’s also a possibility that it will go to zero in the next 10 years. There’s no assurance or certainty that bitcoin will maintain, decrease or reduce in value in the next 10 years too. Bitcoin is not covered by insurance and it’s unregulated, so you could lose your investment of so many years if you’re storing it in an exchange that fails.