I'm sorry if you didn't get the context. I'm NOT calling Bitcoin a "Ponzi Scheme" because it's NOT that. Bitcoin is a Naturally-Occurring Ponzi. It's "Ponzi-Like", like Gold, it's NOT a Ponzi Scheme like those scams you read about in the news.
If you actually study and understand the market dynamics of Bitcoin and Gold, it does have a resemblance to a naturally-occurring Ponzi-Like process. - That creates a feedback loop from investors and speculators' positive projections/expectations which causes price surges WITHOUT a nefarious entity and WITHOUT fraudulent behavior.
I'm NOT saying that the market is a scam, ser. If you don't understand or didn't get the context, then I'm sorry.
What good does your apology mean when you still repeat the same statement that prompted the controversy in the first place? seems you are very much incorrigible, and hell-bent on associating bitcoin to Ponzi. No matter the image you are trying to project here, you have declared your intention as null and void with those connecting words and surely no bitcoin lover would even want to reason with you.
You are bringing in logics to clarify the propagation of bitcoin and you are employing a rather contradicting logic and terms to support your point, I wonder if you are so narrow minded that you don't tend to ever see things from others point of view and one thing you should know on a personal note is that when you are saying something and everybody is against you without even a supporter, then you are possibly wrong and should review your comments with optimism, because everybody cannot be wrong and only you is right.
for some personal idiosyncrasies, you are stubborn and raising a negative energy against the topic you created yourself and I am beginning to believe Samlucky O that you are an unserious person and unsteady with your stand on things. Well for your integrity sake and for the sake of misguiding newer people in the forum and this thread, keep your Ponzi mindset to yourself, understand it alone and quit repeating that bolded text anywhere in the thread.
I do not think that holding bitcoin have anything to do with age but a personal choice and conviction.
Yes, but the length of time you wish to hold it can be affected by your age. When you are young and have enough time to explore and take risks, you can keep investing and holding bitcoin for a relatively longer period of time(10-20 years or even more) because you are more open to risk taking and believe in the potential of bitcoin to secure your near future and might not be needing money for very serious needs anytime soon, but this might not be the same view with older people as most of them invest in bitcoin for retirement purposes and at retirement, they tend to pursue stability of their income rather than the volatility that bitcoin presents.
Another thing is that most older folks prefers investing their funds into an income generating scheme and bitcoin does not offer periodic or constant dividends like stocks, bonds, agriculture e.t.c that gives them regular funds to maintain their lifestyle since they are weaker to keep hustling very hard to fend for themselves and keep their accumulation process going, build their emergency funds and make available more money for handling their needs, so they rely on their savings for their upkeep and they might need to sell their holdings sooner to continue taking care of themselves at the long run.
People who get into bitcoin at a younger age has relatively more ability to go for a relatively longer term than those who got into it an old age, you age can influence your choice and convictions. There are many concerns that comes with old age like health concerns, upkeep concerns, and other concerns and not having a regular source of income like the active days can force the older investor to sell his holdings and convert it into his savings to maintain his lifestyle.
It is clear that after making a long-term investment, if an investor monitors the market regularly and due to small changes in the market, that investor himself is affected and sells his investment, then this investment strategy is not called a long-term investment. If an investor sells his investment at some profit after purchase then we will consider it as early trading. Investing is not as easy as it sounds. In long term investment planning an investor needs to be patient enough and have the mindset to sacrifice a lot. After investing it is normal to make profit or loss due to market volatility, if you cannot hold enough capital during this temporary profit or loss then the investment is worthless.
Some investors believe that if they invest and see a small change in the market, it is appropriate to sell and take the profit, and it's wrong. As we often repeat, an investor who is willing to invest in bitcoin for a long time is anticipated to sell his investment after three or four years because, historically, the market always reaches an all-time high after that time.
However, many investors fail to comprehend when they should expect to make a significant return from their investment; it is best if they continue to invest throughout this period and wait at least four years before extracting profits.
If investors are affected by some general changes in the market, they will not be able to hold their investments for long. Holding investment is not easy at all, maybe when a new investor is involved in investing they think that investment is very easy and they can definitely hold their investment for a long time. But the problem here is that after investing, that investor may face many financial problems or may need a lot of money, but investors may think that since they have invested some amount of money, they should sell that amount of investment to meet their needs. Even from such an idea, many people cannot maintain the continuity of their investment for a long time. But if an investor makes a proper plan before investing and is able to do everything according to plan then it is possible for him to hold his investment for a long time.
A new investor is prone to facing the realities of investing in bitcoin and the temptations that comes with having funds somewhere and restraining yourself from touching it for a long term and all. At those time, it is possible for him to fail and sabotage his investments sometimes in order to survive, especially if he is very aggressive with his investment. Sometimes, they might hit an emergency that overhauls their emergency funds and they fall back to their holdings, such scenarios are expected since he's new to the system. It might take some time for him to reach the maturity of consistency and commitment to his investment, but it is very important not to give up until you reach such maturity of stabilizing your cashflow and not having to prey on your holdings.
