Some people were smart 10 years ago, some were not...

[taufik123]

Maybe some people say the DCA method is still relevant to use now when the price of bitcoin is high, but has not yet entered the peak of the bullish season. I stopped DCA bitcoin at the beginning of this year, because I was more focused on altcoins which had the potential to provide higher profits. The $100K target is still quite reasonable to happen, so keep holding our bitcoin.

It depends on what strategy you use, if you think that DCA is not efficient enough at the moment on Bitcoin, then you can ignore it and move on to an altcoin that has higher upside potential.

But when the price of bitcoin also starts to drop significantly, it will be an opportunity to start re-entering.
All Altcoin prices are also determined how Bitcoin moves, if bitcoin dumps then all altcoins will also be dumped.
Most importantly, prepare your FIAT to start buying again.

[pieppiep]

Maybe some people say the DCA method is still relevant to use now when the price of bitcoin is high, but has not yet entered the peak of the bullish season. I stopped DCA bitcoin at the beginning of this year, because I was more focused on altcoins which had the potential to provide higher profits. The $100K target is still quite reasonable to happen, so keep holding our bitcoin.

It depends on what strategy you use, if you think that DCA is not efficient enough at the moment on Bitcoin, then you can ignore it and move on to an altcoin that has higher upside potential.

But when the price of bitcoin also starts to drop significantly, it will be an opportunity to start re-entering.
All Altcoin prices are also determined how Bitcoin moves, if bitcoin dumps then all altcoins will also be dumped.
Most importantly, prepare your FIAT to start buying again.

When using the DCA method and switching to Altcoins it will be very high risk. I would suggest not doing that. There is no guarantee that Altcoins will return to high prices, interest in altcoins is not as much as Bitcoin is very high. So it's better to stay focused on Bitcoin and if you want to trade altcoins then use daily trading and be careful.

[Lucius]

Around the same time, one of the most famous investors in the US declared that Bitcoin is "mirage", and a few years later he stated that BTC is “probably rat poison squared”.

That has to be a Warren Buffett quote because that's the only person I recall as saying "rat poison squared".
I still can't believe he's still not acknowledging that Bitcoin is a real thing like Jamie Dimon (and Saylor) did. Is he waiting for the Bitcoin price to go up to $100K so that he can keep telling people that it is still a bubble?

Of course I was thinking of him, he called BTC by various names, apparently for the reason that he wanted to reinforce his statements in the eyes of everyone who reads it - because as I already wrote, a lot of people blindly believe that man even today, regardless that he was obviously wrong.

I personally do not believe that he will ever change his mind, because people like him take their stubbornness with them to the grave - and considering his age, every day could be his last.

~snip~
Even who are smart and hod bitcoin for 10 years he has been huge benefited. I think in 10 years he profited minimum 10x to 15x or more.

Ten years ago, the price of BTC was about a hundred times lower than today, so it is still much more than it seems to you. Tim Draper bought about 30 000 BTC at an auction at an average price of about $600 - and if he had them today, they would be worth x100 than when he bought them.

[kulkhan]

 Deleted

[kulkhan]

Around the same time, one of the most famous investors in the US declared that Bitcoin is "mirage", and a few years later he stated that BTC is “probably rat poison squared”.

That has to be a Warren Buffett quote because that's the only person I recall as saying "rat poison squared".
I still can't believe he's still not acknowledging that Bitcoin is a real thing like Jamie Dimon (and Saylor) did. Is he waiting for the Bitcoin price to go up to $100K so that he can keep telling people that it is still a bubble?

Of course I was thinking of him, he called BTC by various names, apparently for the reason that he wanted to reinforce his statements in the eyes of everyone who reads it - because as I already wrote, a lot of people blindly believe that man even today, regardless that he was obviously wrong.

I personally do not believe that he will ever change his mind, because people like him take their stubbornness with them to the grave - and considering his age, every day could be his last.

~snip~
Even who are smart and hod bitcoin for 10 years he has been huge benefited. I think in 10 years he profited minimum 10x to 15x or more.

Ten years ago, the price of BTC was about a hundred times lower than today, so it is still much more than it seems to you. Tim Draper bought about 30 000 BTC at an auction at an average price of about $600 - and if he had them today, they would be worth x100 than when he bought them.

Yes you told actual ratio. I also think ten years ago Bitcoin price was near about 100% times lower from now. Then Bitcoin price was near about $500 to $1200. Wow what significant change in 10 years.
I anyone buy now and hold for 10 years we will be huge benefited there has no doubt. Now bitcoin price is near about $67k and my prediction after ten years bitcoin price will minimum $10M. So i think who are smart he will hold some Bitcoin till then.

[Lucius]

~snip~
Now bitcoin price is near about $67k and my prediction after ten years bitcoin price will minimum $10M. So i think who are smart he will hold some Bitcoin till then.

What's the point in just keeping it forever? BTC is primarily a currency, but even if you don't look at it from that angle, life is too short to invest in something for several tens of years without realizing at least part of the profit. Furthermore, $10 million for 1 BTC is so much money that it turns out that practically everything that exists should be invested in BTC - it's good to be optimistic, but you should also be realistic.


Please learn how to edit a quoted post or an already published post, these are some basics of using the forum.

[dekafee79]

~snip~
Now bitcoin price is near about $67k and my prediction after ten years bitcoin price will minimum $10M. So i think who are smart he will hold some Bitcoin till then.

What's the point in just keeping it forever? BTC is primarily a currency, but even if you don't look at it from that angle, life is too short to invest in something for several tens of years without realizing at least part of the profit. Furthermore, $10 million for 1 BTC is so much money that it turns out that practically everything that exists should be invested in BTC - it's good to be optimistic, but you should also be realistic.


Please learn how to edit a quoted post or an already published post, these are some basics of using the forum.

saving forever is if we have free money and really believe bitcoin will last forever. if I don't, I just hold bitcoin for a 4 year cycle. Buy during bearish season and hold until bullish season. because we don't know what will happen to bitcoin in 5 years.  Everyone has considerations, the only realistic thing at the moment is hold for next year.

[NikeFit_7777]

A bitcoin wallet that has been dormant since 2018 has transferred 8,000 BTC ($535 million) to the Binance exchange.  The coins were bought at the bottom of the bear cycle in 2018 at a rate of $3800. In total, more than $30 million was spent.

P.S. This situation can be referred to the title of this topic. I have no idea how it was possible to hold assets for such a long time. Do you think this wallet address is owned by market manipulators? 

[Lucius]

@NikeFit_7777, why is it strange that coins from 2018 moved, even on the exchange - when we have situations where coins from 2009 and 2010 move regularly even some people though they have been lost a long time ago? I have some coins from 2014 that I have never sold, but I didn't sell them just because I didn't need it.

Whoever is the real owner can be really satisfied with the profit he can make if he realizes the sale, but I'm sure that person or maybe the company was rich even before they invested in BTC - $30 million is not a small amount of money.

[MUGNIA]

10 years ago I didn't know what Bitcoin was until at the end of 2018 I found out what crypto was, and I am grateful that I can enjoy victory in 2021 and to face 2025 I hope to feel like 2021, even though the trend is different but I am still optimistic that I can always produce from crypto itself

[Makus]

~snip~
Now bitcoin price is near about $67k and my prediction after ten years bitcoin price will minimum $10M. So i think who are smart he will hold some Bitcoin till then.

What's the point in just keeping it forever? BTC is primarily a currency, but even if you don't look at it from that angle, life is too short to invest in something for several tens of years without realizing at least part of the profit. Furthermore, $10 million for 1 BTC is so much money that it turns out that practically everything that exists should be invested in BTC - it's good to be optimistic, but you should also be realistic.


Please learn how to edit a quoted post or an already published post, these are some basics of using the forum.

While holding Bitcoin it's important we create plans for our Bitcoin usage. Either we spend it after a certain amount has been accumulated or we decide to pass it on to the next generation. I understand Bitcoin is just a currency to be spent on buying and selling using p2p but then after lots of persons came to realise that it actually profitable for investment that's why we keep holding. It's not wrong to sell or trade your coin, what you do with it doesn't concern anybody so it's a personal choice and majority of person would want to hold than using Bitcoin for daily transactions. The fee and mempool congestion is another factor to be considered when taking Bitcoin as a mere currency for trading, that can also be added up to the reasons why Bitcoin is considered for investment and not short term traders. Bitcoin 10 years ago is nothing compared to where it is today, and wouldn't want to miss any single moment without preparing for the next 10 years to come with my Bitcoin accumulation.

[MrSpasybo]

While holding Bitcoin it's important we create plans for our Bitcoin usage. Either we spend it after a certain amount has been accumulated or we decide to pass it on to the next generation. I understand Bitcoin is just a currency to be spent on buying and selling using p2p but then after lots of persons came to realise that it actually profitable for investment that's why we keep holding. It's not wrong to sell or trade your coin, what you do with it doesn't concern anybody so it's a personal choice and majority of person would want to hold than using Bitcoin for daily transactions. The fee and mempool congestion is another factor to be considered when taking Bitcoin as a mere currency for trading, that can also be added up to the reasons why Bitcoin is considered for investment and not short term traders. Bitcoin 10 years ago is nothing compared to where it is today, and wouldn't want to miss any single moment without preparing for the next 10 years to come with my Bitcoin accumulation.

People's views on BTC are different and do not depend on each other: some see BTC as an internet currency, some see BTC as digital gold, some see BTC as an asset to hold for the long term, and some see BTC as just a financial instrument for trading to make profits. I think that at each point in time, the value of BTC is better recognized, and in the future, BTC may become the base currency for fiat.

I wish you will be persistent in proposing and implementing investment strategies for BTC in the next 10 years. I believe that we will witness the change of the global financial system and BTC becoming a useful tool owned by governments to support or protect the economy.

[Rubel007]

Around the same time, one of the most famous investors in the US declared that Bitcoin is "mirage", and a few years later he stated that BTC is “probably rat poison squared”.

That has to be a Warren Buffett quote because that's the only person I recall as saying "rat poison squared".
I still can't believe he's still not acknowledging that Bitcoin is a real thing like Jamie Dimon (and Saylor) did. Is he waiting for the Bitcoin price to go up to $100K so that he can keep telling people that it is still a bubble?

Of course I was thinking of him, he called BTC by various names, apparently for the reason that he wanted to reinforce his statements in the eyes of everyone who reads it - because as I already wrote, a lot of people blindly believe that man even today, regardless that he was obviously wrong.

I personally do not believe that he will ever change his mind, because people like him take their stubbornness with them to the grave - and considering his age, every day could be his last.

~snip~
Even who are smart and hod bitcoin for 10 years he has been huge benefited. I think in 10 years he profited minimum 10x to 15x or more.

Ten years ago, the price of BTC was about a hundred times lower than today, so it is still much more than it seems to you. Tim Draper bought about 30 000 BTC at an auction at an average price of about $600 - and if he had them today, they would be worth x100 than when he bought them.

Yes you told actual ratio. I also think ten years ago Bitcoin price was near about 100% times lower from now. Then Bitcoin price was near about $500 to $1200. Wow what significant change in 10 years.
I anyone buy now and hold for 10 years we will be huge benefited there has no doubt. Now bitcoin price is near about $67k and my prediction after ten years bitcoin price will minimum $10M. So i think who are smart he will hold some Bitcoin till then.

When I came to know about Bitcoin, each Bitcoin was worth about 3000 dollars but I didn't have the confidence to invest in Bitcoin at that moment. Most of us had the ability to invest 3 thousand dollars but could not invest due to lack of confidence. Everyone would have benefited from the position Bitcoin is in today, everyone would have been able to make a big change in their financial life. But care must be taken to ensure that the same mistakes are not repeated. Bitcoin will become more expensive in future. Those who predict that possibility and hold bitcoin obviously they will be considered real smart.

[Lucius]

~snip~
I wish you will be persistent in proposing and implementing investment strategies for BTC in the next 10 years. I believe that we will witness the change of the global financial system and BTC becoming a useful tool owned by governments to support or protect the economy.

I'm not that optimistic, because what Bitcoin represents is diametrically opposed to what almost all governments of the world advocate - which is complete centralization for the purpose of absolute control of people in every segment of their lives. After all, you can't protect the economy with anything as volatile as BTC - and if "they" somehow managed to control that volatility, then BTC would no longer be what it should be.

[Strongkored]

I think I knew about Bitcoin more than 10 years ago, but don't remember exactly when, it's just that if I could have the belief, patience and also the courage to keep it longer then it would give me more than I ever imagined.

But it's never too late, if you didn't know about Bitcoin ten years ago because only found out about it now, then in the next 10 years there could be much bigger things happening to Bitcoin than everyone predicted, but people still have to pay attention to every risk, that is why following every Bitcoin development is very important if people want to be successful here.