[Edited out]
The thing with bitcoin is that it is not likely to produce any income until a couple of cycles or longer down the road, so any additional money we put into bitcoin, we should be expecting to mostly see locked up for 4-10 years or longer..
Yes, this is true....... Bitcoin isn’t a quick profit scheme, and any new investor who approaches Bitcoin with that mindset will most end up getting so disappointed. The reality is that Bitcoin’s growth plays out over long cycles, Bitcoin rewards patience and a long-term mindset...... Due to the long-term nature of Bitcoin, it is very important to keep some backup funds separate from your Bitcoin, so that you won’t feel pressured to touch your Bitcoin, while still conveniently handling yourr short-term needs.
When you say people who have the mindset that Bitcoin is quick profit scheme will almost get disappointed is understatement because they will definitely get disappointed because it is certain unless that mindset is retrace earlier. Bitcoin is an asset with a great potential and Bitcoin is different from other coin because of it ability to bounce back or rise after fall and anyone who wants to see the beauty of Bitcoin should hold for a very long term.