Quote from: JayJuanGee on Today at 01:57:07 AM

Quote from: Mr Reporter on September 23, 2025, 08:56:58 PM

Quote from: Lembo69 on September 23, 2025, 08:14:59 PM

[edited out]

Just as you have made mentioned in some case allowing your investments to grow over a long period can lead to significant returns due to compound interest.
Pulse also Investing for the long term can help you ride out market fluctuations and avoid making impulsive decisions based on short-term volatility.

And aslo over the years i have also experiened that multiple market cycles can help you develop a more realistic understanding of investing and the importance of patience.

In bitcoin the idea is compounding value - not compounding interest.

Through the years bitcoin has been criticized because it does not pay out yield - even though relative to the dollar its value compounds, and new Schelling points are created at higher levels upon which the value can compound again and again and again.

So instead of cashing out profits from the increases in bitcoin's value, the increases in value are allowed to compound upon itself, which can be illustrated through various doublings in value, which I outlined that we are nearly upon 9 doublings since 2015 - starting the value at $250.

Quote from: JayJuanGee on December 15, 2021, 02:10:03 AM

0) $250 (2015) 1X
1) $500 (2015-2016) 2X
2) $1,000 (2016-2017) 2X * 2 = 4X
3) $2,000 (2017) 4X * 2 = 8X
4) $4,000 (2017-2020) 8X * 2 = 16X
5) $8,000 (2017-2020) 16X * 2 = 32X
6) $16,000 (2017-2022) 32X * 2 = 64X
7) $32,000 (2021-2023) 64X * 2 = 128X
8 ) $64,000 (2021-2024) 128X * 2 = 256X
9) $128,000 (2025?) 256X * 2 = 512X
10) $256,000 (2026?) 512X * 2 = 1,024X
11) $512,000 (2026?) 1,024X * 2 = 2,048X [/u]

So the 8th doubling at $64k gave us 256x times value, and if we reach our next doubling at $128k, then we will have 512x in value compounding.

Quote from: DYOR+BTC on September 23, 2025, 09:34:13 PM

Quote from: JayJuanGee on September 23, 2025, 08:36:30 PM

Quote from: puloweh555 on September 23, 2025, 09:05:17 AM

Quote from: bitzizzix on September 22, 2025, 06:13:35 PM

Understanding its potential is crucial from the outset. Realizing Bitcoin's immense profit-generating potential will spark interest in learning the basics. Learn what Bitcoin is, how to own it, and other fundamentals before proceeding. Everything we want to learn and explore further can be discovered throughout our investment journey, and once we experience the benefits, it will motivate us to continue accumulating more Bitcoin and achieving our long-term goals. This is why it's important to understand Bitcoin from the outset for the long term, giving us time to accumulate more Bitcoin, increase our knowledge, and increase our profits.

Snip

Is bitcoin risky because it is volatile or for some other reason(s)?

Well if I am to answer the question of puloweh555, I will say yes, that's why it's risky but it can not be Risker than shitcoin despite it's ups and down. People just use the word risky because Bitcoin is a decentralized currency that is not controled by a centralized authority which means anything can happen depending on people decision, but however that is even enough reason why Bitcoin can not be much risky. Because Bitcoin would have been Risker if it was a centralized coin which can be manipulated and perhaps it may even fall to zero when man or centralized entity decide to manipulate it. But since it is not like that, I have every right to say Bitcoin is not a risky investment despite the claims of being risky. There is no force that can pull it down. The statement risky is just there toake people believe that anything can happen since it is an online investment but I don't see the possibility of any risk happening to Bitcoin even in the near future.

Your answer for puloweh555 is not a bad one, and so if there are a lot of unknowns in bitcoin, then perhaps if any of us invest time, energy and/or money into bitcoin, then we would measure how much we invest based on our concerns about the various unknowns and perhaps our studying the unknowns to cause them to become less frightening... yet we can still choose our position size, which would be fairly small and whimpy if we are really concerned (and for some people to refuse to get involved in bitcoin) and perhaps more aggressive if we are able to come to some comfort in our understanding of what brings value to bitcoin and perhaps some of the growth in the various network effects that were outlined by Trace Mayer in 2014.

Quote from: DYOR+BTC on September 23, 2025, 09:34:13 PM

Quote from: JayJuanGee on September 23, 2025, 08:36:30 PM

You believe that a newbie to bitcoin needs to learn about bitcoin before starting to invest into it?

I don't think so, they just need to have some basic knowledge and start right away than procrastinate or wait to be fully prepared before starting, as that will delay the time of investment since Bitcoin is not waiting for anyone. As time goes on the more Bitcoin is becoming more expensive than before, that is enough reason why people need to have the basic knowledge and start right away.

What are the basics that the newbie needs to learn about bitcoin before getting started?

The basics should be where to buy, how to buy and then along the way the newbie can learn about how to properly secure what has been bought( learning about things like self custody, etc).