Quote from: Cossyblack on Today at 11:52:38 AM

Quote from: JayJuanGee on Today at 06:55:33 AM

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I agree with you sir, Bitcoin doesn't give any guarantee in investment and that's why we should only invest/ accumulate Bitcoin using our discretional income should incase anything go wrong it would be a lot easier for us to move on so it wouldn't costs us any trouble . Although investing for the long term likewise for a period of 4- 10 years is necessary to maximise profits for holding even though they is no guarantee that it will happen. I think instead investing with a guarantee that we will cash out big which we are not certain off, its better we simply Buy from our discretional and move on without having any guarantee attached to our investments .

It seems to me that thinking bitcoin as an investment that is 4-10 years or longer will help to put us in more of an investing rather than a trading mindset, even though surely we ongoingly retain the right to get out of bitcoin at any time we like and we also have the right to trade bitcoin rather than invest into it.

I personally don't recommend trading bitcoin, yet people are going to do what they do.. so yeah, hopefully we are at least able to frame the ideas about bitcoin in understandable ways, even if some folks might disagree with some of the ways of thinking about bitcoin and some of the ways of how we treat our bitcoin investment..

And, surely there may well be a decent number of folks who come to bitcoin with a truly 4-10 year or longer timeline in mind, yet along the way, they change their mind about their bitcoin investment either based on changes in their thinking and/or changes in their personal circumstances.

Quote from: SmartCharpa on Today at 01:11:21 PM

Quote from: JayJuanGee on Today at 06:55:33 AM

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....The best way to succeed with Bitcoin is through learning ~~and~~ discipline and ongoing reinforcement of that discipline through ongoing buying of bitcoin, building and strengthening one's cashflow management systems/practices and ongoing adjustment of these strategy based on paying attention and trying to learn from correct and incorrect action (mistakes).

I could not resist to modify your statement a wee bit.

Quote from: adultcrypto on Today at 01:51:01 PM

Quote from: SmartCharpa on Today at 01:11:21 PM

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You started your comment very well, stating that investing in bitcoin is not too risky when investment is done for a long term and when such investment is backed with proper planning. You further stated that those looking for quick profits are prone to incurring losses which is true. Unfortunately, along the line you derailed with the statement I highlighted above which I don't agree with. Nobody invest in bitcoin to lose the money and if we are to invest with the mindset that we will lose it someday, then it becomes the same thing as gambling and you don't except someone to gambling with a good proportion of his discretionary income.

I have the believe that bitcoin is not going to turn to zero anytime soon and that if I hold my bitcoin for a decade and above, I will not lose my money in the future so my investment is not with what I can afford to lose. I don't want to lose my money as I am investing a good portion of my discretionary income into bitcoin and I believe that in the future that will investment will help me live the life of my dreams.

Yes... no one invests with any intention to lose, yet it is possible for you to lose up to 100% (hopefully not more if you have not leveraged). At the same time, hopefully you are prepared (financially and mentally) in case bitcoin does not perform as you had expected. Nothing wrong with our investing as aggressive as we are able to invest with the understanding that bitcoin is an asymmetric bet to the upside, which also includes the possibility that bitcoin might not succeed and also that we could end up experiencing executional risks, too that could cause us to lose money with our bitcoin and even potentially lose all of it. Yeah of course, we can try to make sure to employ safeguards too, but that still does not transform our bitcoin risk into zero as you seem to be proclaiming that is how you would like to consider your investment into bitcoin as something that for sure will make you better for having had invested into it rather than if you had not invested into it.. which I believe is a dangerous and faulty perspective... yet of course, you are free to believe anything you like, even if some of us might disagree with your describing investing into bitcoin in such ways.