Even if bitcoin is amongst the best, if not the best of investments, profits are not guaranteed in bitcoin, even if a long holding period can be achieved.
Sure, the longer period of time has an upward trend, despite shorter periods of high volatility, yet bitcoin's long term trend is also not guaranteed to continue to happen... and there are also execution risks too that can screw up any individual investor. It is misleading to suggest that bitcoin profits are guaranteed, even if bitcoin is amongst the best, if not the best, place to put value for a broad spectrum of the world's population, as long as they have a discretionary income.
Thanks for correcting me on this Sir, I totally understand your point, we shouldn't make it seem as though holding for long period would always guarantee success cause there's still many downtrend on the long run and any slight mistake by investors could ruin the investment, I now understand that being the best or one of the best investment opportunity in recent time doesn't mean that investors should overlook the risk factors.
I think hope is one of those things what's sustaining our investment cause if success is guaranteed like I thought then there would be no need to invest with the discretionary funds, one can just sacrifice their income for certain period with the idea that success is guaranteed in a certain period but that's not how it works, once again thanks for the corrections Sir I've taken note of it.
That's good, because I know that not everyone will want to learn and follow the right path, the key point there is that we live in a world full of uncertainty, nothing is 100% guaranteed, even your life is not promised, so going all in is one thing we should all avoid by all means as a Bitcoin investor, so that if it doesn't goes as planned in the future, you wouldn't be thinking of taking your own life.
So in as much as we have faith in Bitcoin due to it huge potential and are hopeful of it growth in years to come, we still shouldn't go all in on our investment because nothing is guaranteed, we should always invest what we can afford to lose to be at the safer side.
Risk management is important in investing. I agree with you that nothing is 100% certain. None of our lives are based solely on investment. Everyone has a family, needs money for daily expenses, education, health, etc. If we spend all our money solely on investment, then we will have no choice if we face any problem. If we are at the stage of accumulating Bitcoin, we should evaluate where we are in terms of discretionary income. Because for the survival of investment, it is important to have a strong financial base. If the financial base is not strong, there will be no security for basic living expenses, due to which it will not be possible for us to continue investing in the long term. A part of the discretionary income that will not affect our normal life even if lost, should be invested with that part. If we pour all the money into investment without any emergency financial plan, we may end up in a situation where we have to sell it. Therefore, by calculating, keeping emergency expenses and risk management in mind, will it be fruitful in the long run.