the concept of hodl has been and still is the best strategy. If you followed this method with 10+ currencies for the past 10 years you would be doing very well implying you picked from the top 30 currencies that were available.
That is retarded, roemer. You may be lost or in the wrong thread..
We are only talking about bitcoin here, and you have to first accumulate bitcoin before HODL even makes sense, so it could take 1 or 2 cycles or longer to get to a point in which you have accumulated enough bitcoin.. and don't be fucking around with other currencies (especially fiat currencies) that mostly lose value..
Are you sure he is talking about fiat currency or he is referring to shitcoins holding. It will be nice for him to come and specify which of the 10 currency out of 30 he's talking about, so that we can no where to place him. And of course even if he comes and talks about shit/atltcoin, we would not take him seriously because hew chose the wrong investment plan over the right one Bitcoin.
Sure. Fair enough. He might be talking about shitcoins, yet that still is both 1) off topic in this thread since we are talking about bitcoin and 2) perhaps even dumber than holding some value in fiat currencies... although there are likely some shitcoins that are going to outperform various fiat currencies.
Ultimately, he was not clear what he was talking about and he is likely a disingenuine twat who is trolling and/or shilling.
Over the past 10 years almost all of the fiat currencies had gone down in their purchasing power to be 1/2 as much as they were 10 years previously..
That is for sure, as time goes on fiat currency depreciate in value due to economic inflatation, but guess what? Bitcoin even do more better during economic inflatation because people pull out their money from dying fiat to Bitcoin, thereby Bitcoin adoption increase. And more liquidity is added to Bitcoin and it's market cap increases and Bitcoin increase in price too.
Sure. Bitcoin is valuable because of irresponsibilities with fiat. If governments were more responsible with their management of money, then bitcoin might not have any reason to exist...
It is possible that even if governments were responsible, there could be some other reasons to invest into bitcoin, yet we don't live in such a world, and it seems that the level of outrageousness and irresponsibilities of governments (all around the world) in regards to their money printing, this has given quite a bit of a strengthened reason for bitcoin to exist and to have value and to likely put governments in check... perhaps to help some of them to become more responsible, even though it could take some time for the responsibility to play out... so we are still to find out if bitcoin is actually going to continue to be helpful as bitcoin continues to exist and likely continues to get larger, and we don't even have to answer all of those kinds of questions in order to know that it is in our own best interest to invest in bitcoin rather than not investing into it.
Yes sir you are right. Every country's government knows very well about the Bitcoin network and the security of Bitcoin. But there are many countries that do not legalize Bitcoin in their country because no one has any control over Bitcoin. Considering all these aspects, many countries may not legalize Bitcoin in their country. But I think that with time everyone's opinion will change. Because Bitcoin will prove its worth and the value of Bitcoin may go out of hand sir. Because there are many people who are not aware of Bitcoin and almost all countries have made Bitcoin illegal except for a few countries. So now the price of Bitcoin has exceeded $120 thousand. So how much can the price of Bitcoin increase in the future. Then maybe many people or many countries may regret their actions.