Even better to stay in bitcoin 4-10 years or longer.
Sure the first couple of years can seem enticing, yet it is going to be difficult to buy bitcoin in the future for the prices that were available in the past two years, whether a guy front loaded or just continued to buy on a regular basis through out the last two years.
Exactly my point. If you can make over 100% profit in 2 years, imagine what will happen when you hold for at least 5 years, even better if you've been accumulating for all those years. That's why I believe the person is lying. I still don't understand how, despite all these years, people still fail to realise that bitcoin is a long-term asset. They've seen how it has grown over the years, yet people still want quick returns from Bitcoin. This is a reason people fall for scams, Ponzi schemes and memecoins.
So I guess people would get an idea about growth of Bitcoin each year since 2010
https://www.statmuse.com/money/ask/bitcoin-yearly-returns-2009-to-2025-chartThose stats shows that Bitcoin became more great asset as many years pass by although there's a bear situation happen I guess that time would be a good time to accumulate more Bitcoin if there's situation like that happen.
You are correct about the continuous rise of bitcoin price over time which is the more reason why it is advised that every investor should develop the habit of holding for a long time. Bear markets too happen as in dips or market corrections due to bitcoin volatility. One is supposed to understand the term known as bitcoin cycles. If you study the bitcoin cycle closely, you will realise that the bear market don't just happen, it is a stage in the bitcoin cycle. There are 4 stages of bitcoin cycle and these happens within an unfixed duration of 4 years or more. Going by the price increase you tried to explain, it doesn't just happen anyhow, it happens more significantly after every 4 years through the stages of Accumulation, Growth, bubble and Crash .
Halving is the prime trigger of this market cycle.
After halving bitcoin market attracts more adapters and then upcoming year would be full of bull run which may end in bubble region.
1st halving in 2012 --> $1200 happened in 2013
2nd halving in 2016 --> $20k happened in 2017
3rd halving in 2020 --> $63k happened in 2021
4th halving in 2024 --> Bubble again will happen 2025
For convenient of understanding this, we may see the cycle from bubble or halving or crash.
This is very apt and easier to understand and it will help us not to lay baseless claims. If you also check through the link you would discover that more significant rise occurs at the 4th year.
Looking for quick gains is risky and unsustainable, we see lots of people fall down or got broke because they fall from scams. So better for people to avoid looking such quick rich scheme and better pay more attention on accumulating more Bitcoins.
Bitcoin is not a get rich quick scheme neither a Ponzi schemes. It is better to stay away from bitcoin trading to avoid ruining all your finances. Bitcoin buys should be consistently and then forget about falling off due to mere market rise which could land you on a loss the next moment.