I am often considered crazy by friends around me who invest in stocks, bonds and real estate, they always laugh at me when we discuss portfolios and investment opportunities. Maybe some of us (on this forum) also have the same fate as always being ridiculed when talking about investing in bitcoin.
Maybe they still lack knowledge about Bitcoin, and don't know how the pattern of cycles is, so they close themselves not to investing in Bitcoin, and on average they say that Bitcoin is an investment based on speculation so that fluctuations occur, but my logic rejects this because stocks and real estate can also be influenced by speculation.
I may not be someone who has been investing in bitcoin for a long time but my confidence started to form when I often read Bitcoin cycles and I witnessed the cycle always repeating itself which is the basis for me to dare to invest in Bitcoin, my belief is getting stronger after reading this thread...
Yes... 0.1 BTC should be a very reachable goal.. even for a brand new bitcoiner.
Surely over the years many of us have proclaimed that it should be a goal to try to attain as many bitcoin as you are able to without overly extending yourself or to put yourself into stress.
So I recall that in the 2013 to 2016 time frame, a common goal seemed to be to attempt to try to accumulate something like 100 or more bitcoins.
It seems that the 2017 to 2020 time frame, a common goal was to attempt to try to accumulate something like 21 or more bitcoins.
Maybe the 2021 to 2024 time frame, a common goal will be to attempt to try to accumulate more than 1 bitcoins... and of course, some people might not be able to reach more than 1 bitcoin in their accumulation, so they accumulate as much as they can, and even the actual accumulation of 0.1 BTC will provide a lot of prosperity in the future, and surely if any of us has amounts of bitcoin that are between 0.1 BTC and 1 BTC, then the amounts above 0.1BTC may well end up being cushion.. or perhaps being a USD millionaire in terms of bitcoin might not be enough in 5-10 years, and therefore it is better to have a cushion and if we are able to accumulate more than 0.5 BTC, then we may well end up having more than 5 million in USD value in terms of our bitcoin holdings, and perhaps that might be sufficiently and adequately enough for a lot of us to live a quite great life down the road.. 5-10 years down the road or maybe our targeted timeline might be further out than 10 years?
There is always an increase in the price of every Bearis cycle every 4 years which makes it more difficult for people to collect Bitcoin because the prices are increasing as well as the lowest point, even in a Bearish state, as you said the target for collecting Bitcoin is decreasing (100-21-3) This target shows the proof.
I think we should not be oriented towards owning hundreds of BTC, owning 0.5 Bitcoins as you said is most likely to become a millionaire in the future.
If ATH is formed again in 2024 or 2025 I think there will be 10 times more people adopting bitcoin and learning about it than today (or maybe even more than 10X) and I would really like to laugh at my friend who insulted me.
I thought I would like to know how your trust process builds up in investing your money in bitcoins?
you will continue to be laughed at by your friends if you convince them what they do not know about the value of Crypto, but their belief will be formed by itself if they have seen your real income from the investment you made. Likewise with my belief being formed, I am more confident about investing and looking for free crypto after I enjoy the results of what I do and this is real. This is where my confidence is formed and I continue to work to produce what is my goal with digital currency.