I suppose hodling is the best option if you have BTC. About 6 years ago I withdrew some money, I consider it as a mistake, since later it rose significantly. And now there is one more reason to hodl: the chance to save money in case of dollar (or other fiat) inflation. I don't know if BTC is going to be stable during inflation, but there is such possibility.

Hodling to what end though? You need to figure out what actually are your long term aims and what are you trying to achieve from investing in crypto. Without setting clear goals, you're more likely to make rushed, emotional decisions. For some the goal could be a new car, for others - buying a house for cash, and others will aim into retiring early or just passing their stash to their children. The more realistic the goal is, the more likely it is to be achieved, but holding without any purpose bears the risk of either dying before seeing any benefits or panic-selling when things temporarily go bad.

You cashed in some BTC and now consider that a mistake only because now you know that the price went up. But you didn't know it then, so if selling BTC helped you achieve some life goal, there's nothing to regret.

Based on all experienced sharing here many people talk about their good news and less want to share bad side after know bitcoin, actually my life better after know with bitcoin but could be quit well if not invested with bitcoin on all time high price. I want to share with my bad experience after earn much profit from investing in Bitcoin, I tried reinvesting when bitcoin still on higher price, right now have bad moment for cut loss have loss more than 50% of my assets because invested on higher price. But keep trust with Bitcoin will back to higher price and one day later have chance for sharing good experienced after investing in bitcoin.

Hmm, I have not spent 10 years in the market yet even not half of it but close to half. I think life is gonna be awesome in the coming time with Bitcoin because already the progress I am making, I am happy with it Alhamdullilah. I am focusing on the acclimation process to fill the bags to build up a good portfolio after that if we fast forward the time 10 years I think there will be a lot of success stories and lessons to tell everyone. I am excited to see how it goes if I live that long InshAllah I will surely try to quote this post and post it. Saving the link  . I think the only words I will say when 10 are going to be passed will be Alhamdulillah. Let's hope for the best.

I think most scams come from altcoins, not Bitcoin. So, you cannot judge Bitcoin community to be worse because of many scams lately. You must check again where the scams come from and why it appears. And you must understand that scams already appeared many years ago, they don't just appear recently.

For me, Bitcoin community should be better today since we already have more people involved. We also must realize that we already have varied Bitcoin communities after more people trust Bitcoin. Anyway, you must view the positive side of Bitcoin improvement, too. Bitcoin isn't always related to scams, Bitcoin is used for many purposes. People even use Bitcoin for donations now, it helps a lot the social or humanitarian issues.

Many people may have different opinions about the price of Bitcoin because the price of Bitcoin fluctuates.  I earned a lot of bitcoins from 2017 to 2023.From my experience I can say that if one holds Bitcoin for long period of time he will surely become rich one day.  We know what the price of Bitcoin was in 2008 and how it is now until 2023.In 2008 and 2012 when the price of Bitcoin was low, those who held Bitcoin made large profits and became very rich.  So it is easy to understand that holding Bitcoin for 10 years surely can change anyone's life.  I have more confidence in bitcoin than other coins.

Of course, if you have already gotten through half of a 10 year measuring period, then you have some pretty good ideas regarding how aggressive and assertive that you had been in terms of your BTC accumulation and/or your ability to manage your BTC holdings and the extent to which you might not have gotten reckt, so far.

You can look at various aspects of your own personal details, and you can plot out various specifics regarding your cashflow management, and generally what you might have been buying with that - and perhaps specifically focusing on bitcoin as compared with any other investments that you had, and also you might be able to see how much spare cash that you had along the way and if you might have had various cash crunches along the way, and attempt to figure out how you dealt with them and how that might inform how you might tweak your going forward strategy.

You can also look at a kind of standard budget, such as a regular and ongoing DCA strategy and then compare your own performance towards that strategy... did you do better, worse or about the same?

If you had been investing $100 per week into bitcoin for about the past 5 years, you would have invested right around $26,100 and you would have about 2.313 bitcoin, so you would be well over double the value of the amount that you had invested, and you don't necessarily need to take those exact numbers, but you can still see how much you invested versus how many bitcoin that you currently have in order to see if you would have had better performance to stick with a more strict DCA approach.

Surely one of the things that might be off about looking at a flat amount invested may well be that you could have had done various lump sum investments along the way and you also could have had various changes in your DCA amount based on your cashflow and your expenses, but still you can see what a flat rate of BTC accumulation would have had accomplished in that 5-year period of time... which is decently above doubling the value of the amount that you might have had put in under a strict and steady DCA approach.


As you likely realize prior to 2012/2013, it was not really very easy to get bitcoin, so it might not even be fair to consider that it would have been very likely for many people to have had gotten into bitcoin prior to that time.. and probably more realistic to use 2012 or 2013 or even a later time as a potential starting date (in terms of getting into bitcoin).

Sure there were some techies who were able to get into bitcoin prior to 2012 and still be able to figure out how to hold onto the BTC that they had gotten (or accumulated).. but still seems a bit unrealistic to be using those kinds of dates.. and surely, even this thread was begun in late 2020.. and surely it is not even very realistic for any of us to be comparing ourselves to someone who might have had figured out how to get into bitcoin in late 2010 in order to actually have had 10 years in bitcoin by the time of this thread started.

Here's the point. We cannot just sit idly by and surrender to the conditions in life which are actually quite scary to go through, so this requires careful preparation to be able to survive there and with conditions like these, action to change oneself in a better direction is clearly very necessary and one of the the way to make this happen is to plan from the start what we want in the future because even though we don't know what the future will be like, at least with good planning we can determine what our own future

Agree with this because moving and doing things in a more positive direction, of course it would be better than just being silent and doing nothing because this is tantamount to surrendering to existing circumstances. whatever there.
Even though there really isn't a guarantee that can really be confirmed in bitcoin, by looking at the progress of the current bitcoin potential, of course it's much more interesting than just doing nothing. I prefer to try things like this because it is my belief that this will lead to something good for me in the future. there is no definite guarantee that it is a risk that must be taken because regardless of any form of action there will definitely be a risk and we must go through that risk if we really have confidence in bitcoin.

Regardless of everyone's opinion I don't think we live off of it. Even though listening to people's opinions can also be quite important for us, of course we also have to focus on what goals we want to achieve.
I personally don't want to drag on with other people's opinions about bitcoin whether it's said to be good or bad, actually I don't really care about that. because i only have one fact that i feel, when i decided to be in bitcoin and feel the benefits of them in the previous few years that i can feel until now then that was enough for me to explain to myself that this is the right path for me skip.
I'm only focused on taking advantage of the momentum for now with the condition of buying below and sometimes doing DCA because I see this as reinvesting for me so I can produce again in the future. indeed this is risky but when I know what their progress is like it's not a big problem for me apart from other people's opinions I don't really care about that.

Holy shit!  Why use the word crypto so much?  Are you talking about bitcoin or not?

I think that the word crypto should be avoided, unless you specify what you mean by it.. and surely there were not very many coins around 10 years ago, so most likely when we are talking about "people being against crypto 10 years ago," then it seems that we would be talking about bitcoin...

I know that there were some other coins 10 years ago, but let's try to make it clear what we are talking about.. bitcoin or something else or something related to bitcoin..   This thread happens to be about bitcoin, and it is in the bitcoin discussion section too.. so if there is reference to "crypto", but really the intent to talk about bitcoin, then why not just use the word bitcoin..  If you are referring to something other than bitcoin, then specify what you mean, because vague references to "crypto" can cause a lot of confusion regarding what you are talking about.


I agree with most of what you had said in the post linked above, except some of your phraseology in this above cited section has some strange and/or discordant implications.

Maybe I am mostly bothered by your suggestion that there is a need to already be rich in order to become rich from bitcoin, and even though surely there are no guarantees in bitcoin, it seems to be far from true that any of us need to already be rich (or even new coiners or no coiners need to already be rich) in order to become rich from bitcoin. 

Bitcoin seems to be amongst the best (if not the best) of investments (and asymmetric bets to the upside) that is available to almost anyone who is willing to put some efforts into acquiring some of it and securing it.

Whether we seek to go from non-millionaire status and into millionaire status may well be an additional question that is a matter of degree, but still should not necessarily motivate normies to feel as if they have to think in terms of having to become a millionaire when the fact of the matter is likely that bitcoin has decently good chances of improving the financial/psychological well-being of a lot of normies, no matter their investment level, so long as they figure out ways to tailor their BTC investment (accumulation/maintenance) in such a way that is suitable to their own circumstances while hopefully continuing to attempt to learn along the journey of accumulating BTC and maintaining a BTC stash.