Quote from: Dareo on Today at 10:59:39 AM

Quote from: JayJuanGee on August 23, 2025, 09:46:07 PM

Quote from: Tonimez on August 22, 2025, 10:39:32 AM

The advantage of depending on bitcoin as a better alternative to the conventional banking system is far too enormous and are all centred as a means that is to your own advantage. keep $10k in the bank ten years ago and go back to get it, if the bank is still in existence and you are able to get your money, the $10k qill remain same amount with chances that such account might have been termed a dormant account that has been handed over to the government placing you at the lossing end. do same with bitcoin for that lenght of time and you can boost that you are a millionaire at the present because of the difference between bitcoin price ten years ago and what it currently is now.

You are correct that $10k into bitcoin, would have had resulted in at least a million dollars under a variety of scenarios..

We likely would not expect buying BTC at the bottom of the market, yet we could figure the range to be of BTC prices 10 years ago (in 2015) to have had been between about $225 to $450 per BTC, so best case would have been around 44.44 BTC, and worse case would have had been 22.22 BTC... and so any of those cases would have resulted in at least $1 million valuation of the bitcoin as long as the person had sufficiently and adequately protected such BTC.

Even if a person would have had invested the $10k over two years from January 1, 2015 until December 31, 20016 (that would have had been $100 per week), and would have had resulted in right around 30 BTC.

Definitely, it is true that the difference between having $10k in a regular bank account or investing $10K in Bitcoin in 2011 is quite staggering and it really speaks to the differences cryptocurrency as a store of value can manifest.
Just reflect, that 10 years ago, had you just sat on a $10k in a bank account, inflation alone would have continually decreased the purchasing power of the money. Even then when the account is 100 percent safe, you are highly likely to end up with more or less the same amount or may be a little higher but surely nowhere near the growth that was achieved with Bitcoin.

Suppose now we go back to the early 2015 when Bitcoin was trading at between $225 and 450. If you could have anticipated and purchased in at those prices, you would have stood to gain anywhere between 22 to 44 more BTC with the same dollar investment that you had already made. Skipping ahead to the modern day where the price of the Bitcoin is climbing into the six figure range, that old stash of coins could easily be worth a million plus dollars. That obstetrically is what creates transformational wealth holding through the volatility and having the faith in the technology.
Better still is the (DCA) technique whereby you end up investing on a regular basis over a period of say two years instead of circumventing the funds at once. DCA would still have left about 30 BTC accrued, and would have eliminated the risk of perfect market timing.

Like a bot, you are largely just saying the same thing that I already said, and so we describe the history in regards to what might have had happened to a guy with $10k.. .. and sure maybe some facts like that could also inform us what to do today, even though some facts like that could inspire some guys in the opposite direction in regards to his coming to the conclusion that he is too late to be investing into bitcoin now as compared to 10 years ago, .. even though he cannot turn back the clock and surely part of the instruction of really looking into bitcoin is to learn about bitcoin and its past performance could actually trigger some folks into looking into bitcoin more than they would have if it were to not have such a spectacular price performance history.

Quote from: Futurexxx on Today at 11:51:50 AM

Quote from: Dareo on Today at 10:59:39 AM

Quote from: JayJuanGee on August 23, 2025, 09:46:07 PM

You are correct that $10k into bitcoin, would have had resulted in at least a million dollars under a variety of scenarios..

We likely would not expect buying BTC at the bottom of the market, yet we could figure the range to be of BTC prices 10 years ago (in 2015) to have had been between about $225 to $450 per BTC, so best case would have been around 44.44 BTC, and worse case would have had been 22.22 BTC... and so any of those cases would have resulted in at least $1 million valuation of the bitcoin as long as the person had sufficiently and adequately protected such BTC.

Even if a person would have had invested the $10k over two years from January 1, 2015 until December 31, 20016 (that would have had been $100 per week), and would have had resulted in right around 30 BTC.

Definitely, it is true that the difference between having $10k in a regular bank account or investing $10K in Bitcoin in 2011 is quite staggering and it really speaks to the differences cryptocurrency as a store of value can manifest.

It is only Bitcoin that is a store of value, all other cryptocurrencies are just shit coin invented with the intention of milking naive and greedy investor of their hard earned money, so it would be better you are specific when talking about Bitcoin, so that newbies will not start thinking that all this alt and shit coin that are all over the place in the market are reliable, not knowing that they are gambling with their money blindly thinking they are doing the right thing.

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Better still is the (DCA) technique whereby you end up investing on a regular basis over a period of say two years instead of circumventing the funds at once.

Accumulating Bitcoin in the space of just two years is too small to achieve a very big stash of Bitcoin, unless your discretionary income is also huge. If someone like a low or average income earner want to accumulate Bitcoin that can be able to change his financial status forever, he has to accumulate for the minimum of 10 years, then after that period of time he can now decide how long to hold.
So accumulating Bitcoin in the space two years is too small for and average or low coiner earner to accumulate a reasonable stash of Bitcoin that can have a major impact on his finance.

You are correct that generally speaking, a large majority of people would not be able to aggressively front load their bitcoin investment such as putting a large amount of money in a short time, such as investing $10k or even $20k over two years.

On the other hand, we were given an example of a guy who might have had invested $10k into bitcoin 10 years previously (such as in 2015), and if we are given such a scenario, we should be trying to work within the framework of the hypothetical that we have rather than just proclaiming that the hypothetical is not realistic... The fact of the matter is that there are quite a few circumstances that guys could come to bitcoin and they are not in their early 20s, yet instead they are in their mid-30s or even mid-40s, so they may have already spent 10 years or more attempting to build up their various investments, and so even if they might be reluctant to cash out of some of their earlier accumulated assets and to go straight into bitcoin, they might also want to formulate some form of reasonably aggressive reallocation strategy that might allow them to either transfer value from the other assets or at least to divert assets into bitcoin.

Let's say that there is a guy with an income that is around $40k, and maybe he spent more than 10 years building up his various investments, so over 10 years, he might have had invested $40 to $60k or more into traditional investments, and his traditional investments might have also gone up in value over the past 10-ish years, in such a way that the value of his investment portfolio might be more than twice as much as he had put into it.. So a guy with $120k worth of an investment portfolio and perhaps still with an income or around $40k per year, he might want to put 10% to 25% of his investment portfolio into bitcoin, but he might have some reservations in regards to any practices that might involve across the board selling of assets in his investment portfolio, even though he might have portions of his investment portfolio that he would be more than willing to transition into bitcoin, yet not as a lump sum, but instead as a kind of frontloading form of DCA.. ..

so such a guy might be ready, willing and/or able to invest $10k, to $20k to even $40k of his $120k-ish investment portfolio into bitcoin over two years and maybe his goal would be to still end up with having $100k in his non-bitcoin investment portfolio and perhaps getting up to $40k into bitcoin, so then both his non-bitcoin and after two years of fairly aggressively investing (reallocating) into bitcoin, his bitcoin investment and his not bitcoin investment amounts would add up to $140k in total (which is presuming the movement of $20k from the non-bitcoin to the bitcoin and adding an additional $20.8k from new capital (which is merely $400 per week for 104 weeks). This is not unrealistic for a 35 to 45 year old guy who might have had been building up his investment portfolio for 10 or more years, he might still consider himself to be relatively young in terms of his having at least a 10 year investment time horizon - perhaps even a 20 year or more investment time horizon, even though he would be glad to reach some kind of fuck you status earlier rather than later, maybe tentatively considering somthing like $80k to $100k as an annual income that he would like to be able to get from his bitcoin investment by the time he gets to a point of being able to live off of his investments (rather than having to work.. or at least being able to choose the kinds of work that he does, if any).

This kind of scenario does not seem unrealistic, even though guys might be at differing numbers. There are some guys who might even have BIGGER numbers than the scenario that I outlined, yet not everyone is in their very earliest stages of building their investment portfolio, even if they might be in the earliest of stages of adding bitcoin into the mix of their investments.