No time is too late to acquire bitcoin because we are talking about an asset that have the potentials to increase in the future such that if you have a long-term target, you can never be at lost because there is no way you can hold for a long time and still sell at same price you bought with or lesser than the price you bought with and if we look at the performance of bitcoin now, it is in a very bullish state therefore whoever can hold their bitcoin for a long interval of time can be sure that they will surely make enough profits from it. We should not feel that we are too late to invest in bitcoin no matter the price we meet it, the important is to buy it and accumulate such that we will have enough of it in our possession.

I believe there is no 5 year date to date that btc is a loser.

the closest may be dec 2017  peak of  19k to fall of 2022 and after checking there are a few days from dec 2022 to jan 23 where the 5 year rule is a loser

Sure, we can account for bitcoin's price history, yet we still would expect that bitcoin is guaranteed to go up in 5 years.

Don't get me wrong, in my earlier example that I gave of the mid-30s guy with $50k in his savings (in fiat), I would be recommending that the guy (if it were me) is going to need to start buying bitcoin right away with at least 1/3 of the lump sum that he has, even if he might take a few weeks to buy that initial amount of 1/3 of his cash which would be $16,667, and I also think that the guy should convert his $100 per week DCAing into bitcoin rather than what he had been doing into some fiat-based savings, even if he is getting 3% to 5% per yearn in that fiat savings account. 

The other 2/3 of his lump sum he could probably combine DCA and buying on dips with that, and yeah of course, there are risks with any deferred strategy, so it might not be exactly obvious how to structure those other two components in order to reallocate the remaining $33,333 into bitcoin, and over how much time and/or to have money available for what level of dips that may or may not end up happening... These are not necessarily easy questions for anyone in regards to the specific commitment since guys likely have a dilemma between just doing it and not having to think about it and also hoping to get the best deal that they are able to get, and so there also can be some value in just committing to the plan even if there is no real way to idealize such plan since almost no matter what there are going to be trade offs since we cannot really know in the short term if the BTC price is going to go up or down...even though  we seem to still be in a bull market so there should be a certain extra probability for UP, rather than down.


It is quite likely that many of us who have been studying bitcoin realize that the question in regards to investing into bitcoin should not be whether to invest in bitcoin, but instead, what would be an appropriate way of allocating into bitcoin, and how much should I allocate into bitcoin based on my own personal circumstances.

I frequently suggest that your investment timeline should be 4-10 years or longer, so I doubt that getting into bitcoin would be considered merely as a trade to cash out after 5 years, unless you were to have some age and/or health kinds of considerations that might restrict your time and contribute towards your needing to cash out in great amounts rather than just sustainably withdrawing. .. so yeah, there tends be differences between thinking about bitcoin as an investment versus as a trade. and if you are merely planning to cash out after 5 years, that seems more like a trade rather than an investment, even though it meets what would be considered to be a acceptable investment timeline.

Generally, a period of 4 to 10 years is good for investing, as long-term investments can increase in value over time. This type of approach should also be taken when investing in Bitcoin, where you have to wait a long time to realize a profit. In the case of Bitcoin, its price can fluctuate at different times, but it can be a profitable opportunity for those who invest with a long-term perspective.

If you plan to cash out your Bitcoin in 5 years, then this can be considered a similar trade. Because the price of Bitcoin can sometimes change rapidly, and it can be a very short time to realize a profit in just 5 years. However, if you invest in a valuable asset like Bitcoin for the long term, it can become more valuable over time.

For example, in 2010, Bitcoin was worth only a few cents, but by 2025 it will be considered a very important and valuable asset. This proves that with patience and proper planning in long-term investments, it is possible to earn good profits from Bitcoin.

Therefore, if you look at Bitcoin as a long-term investment, it can be a strong and profitable opportunity where you can see its value increase over time. So we should not wait to invest in Bitcoin. Every second counts.

Personally, 3-4 years is a small timeline because you are not sure if you will be in profit by then. However, when investing in bitcoin profit shouldn't be considered first but a long-term goal so that it can enable have the time to accumulate more bitcoin overtime. Having a bitcoin target and work towards achieving it is the best so that it will allow you stay more focus on increasing your bitcoin faster till it gets to your target.

If you are planning for short-term like one circle, it will make you miss a lot from the compounding value of your bitcoin portfolio, and also you will regret in future for not hodling longer and increasing your bitcoin stash. When you also think about profits, that will distract you when you see little profit to sell when it's wasn't your plan. Focus more on how to increase your bitcoin stash than how much profit that you have made, because in the long run, you will be in profit because bitcoin is still growing. 10 years is a good timeline for long term.

So we must have a strategy with us that allow us to keep investing once a week, month or whatever suits our budget. We can define criteria our self and make a strategy that suits our budget. It doesn't matter whether we are investing more or less but important is we must keep investing with consistency.  


Agree. Everyone has it's own way of looking into the market. To me it was a blessing in disguise that I have Bitcoin in my wallet and forgot to watch them. I am not selling them even now but will HODL them for more time. I am buying and won't be looking at my portfolio every week since I plan to invest for long term may be 5 years or more.


Bitcoin now is 100k and no coiner who just came to Bitcoin has to start from somewhere, if he waits for price to go down (which is not guaranteed) may be tomorrow price of Bitcoin may go up to touch 200k or even high. What no coiner will go in such situation?

I have an example of this in my circle. One of my friend was trying to construct his house but he was reluctant to start in year 2021-22 because steel prices are too high in Pakistan at that time. He said he will wait for year to two so that prices of steel will come down. Two years later, he started construction of his house with steel price double of what was in 2021-22. So no coiner should start investing as soon as he come to know about Bitcoin.

If a person transitions from BTC accumulation and then maybe a bit of a holding period (and/or maintenance) and then to something like a long term sustainable withdrawal, then that sounds more like an investment to me, rather than a trade.

I suppose a person could have a long time horizon, yet if they are just planning to get in and then get out, then from my thinking it becomes more difficult to classify it as an investment, even though sure, the longer the period, then sometimes it still might make sense to reallocate and to conclude that enough time was spent in asset 1 and perhaps to consume or move it to some other investment.. .. but yeah, at some point, I suppose we want to be able to live and to consume, so then that might no longer be an investment because we might have some BIG purchases or maybe even a cashflow that we might have in mind that we consider to be more stable than the cashflow from bitcoin since bitcoin's spot price has tended to be quite volatile and likely to continue to be volatile into the future.

Another thing is that once we are in an investment like bitcoin, and historically after a cycle or two, there had been so many multiples (and even magnitudes) of returns on the investment, which I consider to lend even more credence to a lack of justification to be pulling out a bunch of value at once, instead of just pulling out decent amounts (such as even 10% per year), still live quite well, and it still may well end up your BTC is gaining in value faster than your withdrawal rate.. so no need to deplete the value, unless there is some kind of an age or a health kind of need to begin to deplete the principle with a larger withdrawal rate.


At the time that you invest, you may not know, yet it seems that almost no matter what if you are investing in a less than 4 year timeline then you are playing the wave and you are in a mindset of playing the wave..

Surely if a guy is investing towards the bottom of a cycle, then there are pretty good chances he would be able to play the wave in some kind of a way, so then he gets a dollar value out of bitcoin with a less than 4 year timeline. .and is playing the wave and he can see if he is profitable or not.. which is trading. ...

and yeah, he could also have a primary plan to trade and play the wave, and a back up plan that if he is not in sufficient profits during the time that he was intending to play the wave, then he would just let the amount ride until it become profitable, which could mean waiting through another cycle.. so there could be various ways to attempt to play the wave even with back up plans that increase likelihood of profitability at some point.. in a kind of trading way, and not an investing way.. but still having a kind of investment component that is a back up plan to attempt to assure profitability and even flexibility that still ends up having a chance of locking up funds longer than expected, which was not the primary intent, yet at the same time the intent was also to make dollar profits..


I might be arguing semantics with you since when you are framing your bitcoin investment in terms of profits, you still seem to be stuck in a kind of trading mindset in terms of how much profits you want to be in rather than whether your going to be able to start to sustainably withdraw from your bitcoin and/or even that your bitcoin ends up bringing you more options and sure there might a bit of an assumption of both being in profits and potentially that the profits had compounded upon themselves a few times over the holding period.


These all sound like decent points in terms of having some generally rough guidelines about the investment from the start, yet I still consider that long term investors might even get into something like bitcoin and they might have general ideas about timeline and about where they want to be, but the goals might not be very specific in part because a lot of time still has to pass with a decent amount of uncertainty, yet as the time passes and the bitcoin holdings increase, then more and more certainty comes because there is more evidence of the growth of the actual holdings rather than speculating so far in the future with ballpark ideas that may or may not end up materializing, yet as the time gets closer and closer the numbers will start to guide, perhaps narrow the ideas about what options might be available based on what is rather than what was projected so many years in advance.. so there is a bit of figuring it out as we go even though there may well have had been some general ideas about .. stacking as much as is reasonably feasible while realizing that it still takes a whole lot of time to build, with uncertainties involved and perhaps some needs to make sure that there continues to be various forms of enjoyment along the way,  especially since ongoingly stacking away can contribute towards ongoing feelings of being deprived of present value, too.


Sure, you can do what you want, and level of commitment and how to demonstrate such commitment to yourself with possibilities of adding value are within your discretion about how to do it and how much to do it.  From my perspective, there seems to be some value in striving towards some committed behavior on at least a weekly basis, and sure maybe your budget does not allow you to buy bitcoin every week, yet there still could be other ways to reinforce commitment towards accumulating more bitcoin.... unless you think that you are doing enough to be only buying once a month, for example.. Those seem to be choices, and yeah, sometimes we might not have time, since we might have some kind of a job in which we are earning money and we consider that to be helping us in bitcoin, or maybe we are spending 4 hours every week studying some topic and/or reading from some books that we consider to be helping us in regards to bitcoin (perhaps even indirectly through self-development kinds of activities)..  Maybe we are doing pushups..and we have mentally connected that towards bitcoin (even though surely it seems to be a indirect connection)... ..


For sure, some people have strategies that are going to differ from others, and some folks might feel that they need to look at the bitcoin price every day, and sure you could be correct that some people might be going down a path in which their own behavior is becoming counter-productive.. so sometimes, we might need to be saved from ourselves if we might be engaging in behaviors that might be indirectly not as helpful as we might have had thought them to be, yet at the same time, there likely are needs for each of us to figure out some kind of balance that works for us and even for our own personality and our own inclinations.  Some people might feel that they are better at doing some menial work and feeling like if they do that work, then they earn more money, so if they work 10 hours extra each week, then they likely would be able to generate more money to buy bitcoin with that extra time spent on that menial work.  Like I already mentioned, others might feel that they are better at reading some kind of a book or article.. or perhaps spending time reading/writing forum posts.. (am I talking about anyone in particular?.. hahahaha)


You are exactly highlighting the rationale for getting started right away, yet there are a lot of people who might hear about the rationale and they might even say that they believe in the rationale, yet it still seems a more important thing is to begin to act.. whether it is setting up accounts, or researching from where to source bitcoin, and the preliminary actions should end up with purchasing some bitcoin and then putting a plan into place to be able to buy bitcoin every week or some other reasonable time interval.. since if action to buy does not end up getting included into the outcome, then there will be nothing to show for the good intentions to buy or even the belief that buying is important.. and surely, I am not even saying it is easy to put a plan into action, yet it likely becomes easier to continue to buy bitcoin on a weekly basis after making yourself do it every week.  ..and yeah, maybe some people it is impractical to buy every week for logistical reasons, so they need to do what works for them, yet action to buy seems quite central for both the no coiner and the low coiner.


These decisions in life are not easy, yet in bitcoin it seem that there is less of a need to assemble the capital beforehand, even though with some projects like a house or even some kinds of businesses, there may well be needs to assemble the capital in advance... . and I suppose with bitcoin part of the capital is getting started and building up some kind of a regular habit.. since the amounts might be able to be small, yet maybe there could be some difficulties, since maybe a person is in a bit of an isolated area, but they have found a person who they can buy bitcoin directly, and maybe they have to travel for 1 hour in each direction (so a 2 hour trip), and the guy ONLY transacts with a minimum of $300 per transaction, so it could be more difficult to have a regular practice, but it still could become a priority, and even saving up $50 to $100 per week and then when the amount gets to $300, then to plan the trip...and yeah, the availability of options are likely changing as bitcoin becomes more and more available, yet there still could be challenges for some people, including perhaps a person might see that each time that he goes to purchase there is a $20 transaction fee.. It is a flat fee, so he wants to save up at least $200 and maybe even more so that he keeps the transaction fee as a smaller percentage of transaction.. so even if he might be looking for other ways to source his bitcoin, the $20 transaction fee option might be the best currently available, so he has to work around such currently existing limitation.


There are going to be times that the BTC price drops too.. so it is not always going to be clear that your BTC would have had ended up more profitable by buying today versus waiting.

If you buy today, you are assured to lock in the BTC and you are likely assured to keep building your BTC stash, but you are not assured that your BTC are going to be more profitable by buying today as compared with waiting.

One of the reasons that many of us suggest to just buy and not concern yourself with the profits for 4 years or more, then there is a focus on ongoing buying and building your BTC stash.  Sure there could be some marginal benefits to be trying to guess.. but likely not as good as the benefits of ongoingly buying bitcoin for many years and building up your BTC no matter the price.

In the end, you can do what you want and try to justify your actions based on profits, yet profits are not guaranteed. You just do your best and hope for good outcomes, especially since bitcoin seems to continue to be an asset with a strong investment thesis, and perhaps the best investment thesis, yet it still is not guaranteed to be profitable either in the short term or in the long term, and surely the short term is likely more problematic than the long term, yet neither is not without their risks.

Exactly, the reason why most people keep saying that this is not the right time to buy bitcoin is due to the  price, and this same people was also saying that the price of bitcoin is high when the value was around $75k now this is it. so if you're still waiting for the right time to invest in bitcoin definitely you will end up investing in bitcoin when the value most have gotten to $150k, Is obvious that bitcoin is the most reliable crypto currency and it also has a good potential in the future, which is why we don't need to look at the price before investing as long as the money is there. However, there's no perfect time to buy bitcoin as long as DCA method is involved. you can actually buy bitcoin whenever time you chooses to buy without even paying attention to the dip or increase in the value, as long as you can be able to hold on to it for long term investment is assured that you will make a huge profit from your investment.

It's never too late to invest in Bitcoin. As Bitcoin is a good store of value it also means that Everytime is the perfect time to invest (today tomorrow and next tomorrow. The problem with some folks is that they all procrastinate on when to start investing in Bitcoin. If they start now with a long term perspectives, there's always a possibility that they are going to make decent amount of profits from Bitcoin investment.

---

I honestly do not think the op can remember the exact amount he invest in Bitcoin last year. That's why he asked chatgpt how much profit he made.
Just like the example he gave, he said $60k or $70k there about, whichmeans he can not remember how much Bitcoin was when he invest. He also can not remember how much he invest in Bitcoin at the year 2024.