Personally I'd not count on Bitcoin falling against anything else, unless a problem with Bitcoin itself causes it. Though that's not to say that anything can't help. Just like in all free markets, anything can happen...A new Bitcoin contender may already rising in the ranks though has not yet matured enough to be alongside or near it (one comes to mind), or, Bitcoin becomes insecure and another takes the crown...or maybe there will never be anything as economically sound, innovative or secure as Bitcoin (I share this with a big shift in the top 10 in the coming 5 years). The way that it grew and evolved is irreplaceable I would say.


[/quote





One thing that gives confidence and trustworthiness is the ability to stand test and time. Bitcoin as proven its ability to every one, not once not twice but countless times, that's to show that it has come to dominate and will be dominant unless the future proves otherwise but certainly from what we see now, Bitcoin will always surge high

Anyone who has truly studied Bitcoin's patterns over the years will understand that every Bitcoin season is an opportunity to either buy or sell. As such, there is absolutely no need to panic when the price dips.

Bitcoin is not like altcoins that can crash or dip by up to 80%. Unless they are only interested in quick gains, there is no need to panic. Bitcoin is an asset that guarantees long-term gains. Only those who invest for short-term profits will be pessimistic whenever there is a slight correction.

The concept is not like that buddy because even though we do it with DCA, it doesn't mean we don't think about risk because in the end, regardless of the method, risk still exists, especially when talking about where we invest. Bitcoin is one of the risky aspects of investment and we must be prepared for all possibilities including loss if we really want to be here.

So whatever we take in terms of strategy in accumulating bitcoin whether it's DCA or buy on the dip or even lump sum everything has a risk in the end.

So that we cannot let go of the word risk from the investments we make so that in the end we realize that being in bitcoin is not as comfortable as thought because even though we will get good things when our goals are achieved but in the end all the risks are clearly very present and we must be prepared with all of that.

you are actually correct making profit within a short period of time is under probability and the possibility is also very minimal because of how volatile the market can be at times but holding for a long period will help an investor to see a reasonable return because it has the magnitude of ascending after downtrend and whatever one chooses to use to accumulate, so long as they have  the long term mindset they will definitely see return but it will just be according to what they are able to hold because the better amount one uses to hold the better and huge their return will be. however, the only time bitcoin investment can relieve someone from frustration is if they actually understand what they are doing because some people get frustrate along the line and sell off or panic sometimes.

Society is still pretty skeptical of Bitcoin, which is a good thing. It means we're still in the early adoption phase and we probably have a couple more of these cycles left. Once it becomes obvious to everyone, it's unlikely to keep repeating. At that point I expect the trajectory to change. Either we'll enter a bearish supercycle and adoption will wane, or we'll enter the vertical phase of an S-curve and price/adoption will rise much faster than ever before.

In the S-curve scenario, I think 8-figure USD valuations for BTC are possible, and probably a lot sooner than most people around here would expect too.

I do not think it is all about helping the poor but rather being smart enough to know what to do at times. To the least poor man out there, everyone can invest the little amount they can afford for the long term and watch as the value appreciates over time. All it takes is just the knowledge and information at their disposal to know what to do and all it takes to do it. I do not see anybody as poor but one's level of thinking determines their capacity and level of growth and success they can be able to achieve.

I have being giving this question a thought for days now, if other altcoins can be a threat to bitcoin especially ethereum which some folks are saying is a threat to bitcoin, and I came to understand that, the reason why other altcoins can never be a threat to bitcoin is that, bitcoin being the first and largest cryptocurrency has survived external attacks and attempted ban from government, which no altcoin has face such attack, because bitcoin has already paved way for them.

bitcoin has also overcome many social and political trials, which those trials almost led to the shut down of bitcoin, yet bitcoin  gain more attention and adoption, which no altcoin has gained such attention and adoption, not even ethereum which some folks out there are saying is a threat to bitcoin.

Bitcoin has already dominated the crypto space, because it has always remained active and accessible without interruption, and to my own best of knowledge I don't think if companies like Facebook, Microsoft and Google have achieved this level of reliability which bitcoin has achieved so far, talk more of altcoins.

And I we also like to see more contributions from members of this forum, let prove to some folks out there that altcoins can never be a threat to bitcoin, because alot of folks out there are saying that ethereum will be the end and the down fall of bitcoin, which I doubt.