
The above picture is correct, it is not as easy as we think, we think we will buy Bitcoin and hold it. But past history shows that holding Bitcoin has to face various problems, as shown in the picture above. But if we have a long-term mindset, then holding Bitcoin will be like a straight road. On the other hand, if we have a short-term plan, then it will seem like a winding road, which will not be possible for us to hold for a long time. So everyone can invest but not everyone can hold for a long time. So if we want to invest in Bitcoin, we have to make a long-term plan, which will bring success in the future.
What I can say about both visuals is that there is no finish line for Bitcoin. The journey continues forever. The longer you hold on to it, the more you earn. You don't even have to sell it, your money keeps increasing in value. If you focus on the big picture instead of worrying too much about short-term (2-3 year) declines, you will be on the winning side.
Most people suffer losses because they cannot take a long-term view.
Every person needs money before his death. Nowadays it is not possible to do anything without money. A person can earn money very well till the age of 40. But after 40 years, many types of physical problems arise in them, at that time their expenses increase a lot. A person starts holding Bitcoin from the first day of their working life and if he holds it for a long time, then he will be able to build a very big portfolio in the future.
But yes, as we say, holding investments for a long time is not that easy. There are many types of financial crises in our life. Many people sell their holdings to deal with these crises, while many others sell their holdings in fear of falling. Many types of obstacles can come in our life, we have to hold on to our holdings by overcoming all the obstacles.
It could be the case that from 30 to 55 are the prime earning years of a guys life, and sure there may or may not be needs for guys to continue to earn if at some point in that process they have invested enough to be able to start to live off of their investment or to have their investment supplement their income so that they can be more free and/or selective in the kinds of work that they choose to do.
We cannot really make a blanket statement regarding at what point in life guys will reach a place in which they had earned enough and perhaps invested enough in order to discontinue or to slow down in their working for pay lives. There surely are also some guys who want to continue to work no matter their wealth status and they may well be engaging in work for reasons that go beyond needs to create more wealth.
👀

My fellow plebs, it's very important that to those who are left among us to keep HODLing Bitcoin. Retail HODLers have been going down and it's going negative week on week, month on month, then later - YEAR ON YEAR. The institutions have definitely come and will be willing to take your Bitcoin away from you at ANY price. MAKE IT EXPENSIVE FOR THEM -
HODL.
Holding and continuing to buy is likely a much better way forward in order to continue to reinforce the ongoing accumulation of bitcoin, especially no low coiners who are in their first cycle or two of BTC accumulation.
What are your shower thoughts for that graph, JJG? Retail accumulated a lot of coins and had higher combined holdings of Bitcoin from July, 2022 through Jaunary, 2024, then the institutions started accumulating and now have more holdings than the retail/pleb investors.
Will that institutional buying surge continue, or will we see another surge for retail buyers during the next cycle?
Your interpretation seems reasonable in terms of institutions seem to be coming into bitcoin BIGGEDLY in recent times, and surely each of us who knows about bitcoin likely needs to continue to accumulate bitcoin to the best of our abilities since we do not know the future and bitcoin prices could continue to go up and then if we wait until later, we may well have to pay more to get bitcoin. Accordingly, BIGGER players seem to be coming in and sucking up the bitcoin supply which seems to continue to cause upward pressures on the BTC prices.
We should always be trying to protect ourselves, which I have frequently attributed that to needs to be ongoingly persistently, consistently and perhaps even aggressively buying of bitcoin, whether the graph supports it or not.
Yes, we need to pay special attention to not miss the opportunity we missed in 2020 and 2022. Where ordinary investors used to compete with Bitcoin, large institutions have moved in. The opportunity for ordinary investors is almost over.
I am not sure how helpful it is to consider past times in which you might have had failed/refused to sufficiently/adequately accumulate bitcoin, except to improve in your bitcoin accumulation, since even guys who started accumulating in 2021 would have had still done well if they continued to accumulate through the whole period.
For those who cannot hold Bitcoin at this time or do not start accumulating Bitcoin now, it will be more difficult to own Bitcoin in the future.
Likely it is always going to be advantageous to get involved in bitcoin sooner rather than later, so even later down the road, guys are still going to end up having to get involved in bitcoin at whatever the higher prices that bitcoin ends up being at the time that they get started, 4-10 years or more down the road or whenever they finally figure out that it is better to be in bitcoin rather than not being in it.
Since the supply of Bitcoin is limited, the more you delay, the more you will have to pay to buy Bitcoin. For those who do not use this opportunity yet, it will be more difficult to get it in the future.
I am not sure if it will be more difficult to get bitcoin, even though it is likely that a higher price will have to be paid for getting bitcoin in the future as compared with now... and it takes a long time to build up a bitcoin holdings. It can take 4-10 years or more to build up a bitcoin holdings, even for guys who might be trying to frontload their investment into bitcoin.
Those who have not invested yet or are interested in starting investing should be very aware that there is the trend of country-based reserve currencies and large institutions reserving Bitcoin, will you as an ordinary investor have the ability to purchase a Bitcoin in the future? When the price of Bitcoin was last in 2022, it was $20000, will those who were looking for a dip to buy at that time be able to buy Bitcoin in today's market? Again, if those investors today do not buy Bitcoin, then when Bitcoin becomes more bullish in the future, your purchasing power will decrease further. So it is better to start investing now.
Sure. Your punchline is correct.. and yet there are still going to be a lot of folks just beginning in bitcoin 4-10 years or later down the road... so any of us who have been building or who are starting to build our bitcoin holdings now are likely going to have advantages over guys who are just starting 4-10 years or more down the road.