Quote from: BitBakerr1 on Today at 09:04:55 AM

Quote from: Showlove01 on August 31, 2025, 07:43:53 PM

Quote from: Joeboy on August 30, 2025, 09:33:10 PM

Quote from: JayJuanGee on August 30, 2025, 07:48:12 PM

[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.

Bitcoin is a very good investment however just like you said that to see the beauty of Bitcoin is to hold for long term, this is very true Because bitcoin is highly volatile in nature it can go up today and come down tomorrow in price and it those this always but it those not stop Bitcoin growth, Bitcoin volatility happens but Bitcoin still grows and it does that over a period of time meaning bitcoin growth is gradually and that is why you need to hold it for a very long time if you really want to succeed and be profitable in Bitcoin investment.
If you hold Bitcoin for a short period of time you may lose or you may gain but if you hold Bitcoin for a very long period of time the possibility of you gaining is very high, bitcoin investment is for those who are willing to invest in long time, the only thing that wins Bitcoin volatility is long term investment.

I agree with your words, in fact, I call those who invest in Bitcoin for a short time traders. Investing for a short time is like gambling. Because investing for a short time has a high probability of loss. Because as we know, the price of Bitcoin rises a lot, so it can be seen that the price goes up and down a lot in a very short time. But after a long time, the price increases. So the right way to invest in Bitcoin is to invest for a long time. If you review the past statistics, you can understand that anyone who has held Bitcoin for more than 5 years or has invested by following the dca, they never face losses. So we should invest in Bitcoin the right way for a long time.