If you feel sorry for entering BTC too late remember that entering earlier...

Fundamentals Of

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Quote from: virtualdn on June 28, 2021, 03:40:04 AM

It's not the amount that counts... what matters is to own BTC and HODL.

Of course the amount counts. If you bought 2 BTC instead of 1 BTC, you are clearly better off. But it is not just the amount that counts. More than the amount, what counts is that you hodl it and not sell it during an ATH or during a huge sell off.

Even to those who are against Bitcoin and seriously think that Bitcoin is nothing but a mere bubble in the history of finance, they should also acknowledge that they could be wrong and that Bitcoin could indeed be something of a future technology. So they should also keep and hodl some Bitcoin with them in case they are wrong.

eaLiTy

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BTCitcoin is a deflationary coin from the start Tongue

and anyone who read the white paper would understand that the purchasing power of BTCitcoin increases over the long period because of the limited number of coins available and in circulation and if you were smart enough or willing to take a chance during the initial stages or even a couple of years back, anyone could have made a fortune by that invest.

Even now you could purchase the coin but we can very well say that you cannot make a fortune when the price is soaring above $30k but there will be certain percentage profit

AmoreJaz

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Quote from: Oasisman on June 28, 2021, 04:27:07 PM

Quote from: virtualdn on June 28, 2021, 03:40:04 AM

If you own 1 BTC and you sell today, someone holding only 0.1 BTC will be much richer than you in the coming years.

Yeah I agree that hodling Bitcoin could make you rich in the next few years, but that doesn't mean If someone sold their 1 Btc today, the person who holds 0.1 Btc will be much richer than the other.
Let's say, that person who sold his 1 Btc today just put up a business and then It became successful in a year or two. Don't you think the ones still holding 0.1 Btc is much richer than the other?

However, those who wants to enter the crypto space won't be that late for the current price. Bitcoin just calmed after the $60,000+ ATH surge, and It has yet to touch the 6 digit figure.

you have actually valid point on that, for someone who will sell his btc today and invest it on his business and hit it off. that's one scenario to look at this situation. but if the seller just use it to unimportant things, then, that's a loss.
whatever you decide for today, whether you hold or sell, make sure that you have other plans to make this action valuable to you.
as no one can give you what will happen in the future, it is for you how to strategise things in order to take advantage of the opportunity that you have right now, knowing the capability of bitcoin in the market.

Oasisman

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Quote from: virtualdn on June 28, 2021, 03:40:04 AM

If you own 1 BTC and you sell today, someone holding only 0.1 BTC will be much richer than you in the coming years.

Yeah I agree that hodling Bitcoin could make you rich in the next few years, but that doesn't mean If someone sold their 1 Btc today, the person who holds 0.1 Btc will be much richer than the other.
Let's say, that person who sold his 1 Btc today just put up a business and then It became successful in a year or two. Don't you think the ones still holding 0.1 Btc is much richer than the other?

However, those who wants to enter the crypto space won't be that late for the current price. Bitcoin just calmed after the $60,000+ ATH surge, and It has yet to touch the 6 digit figure.

milewilda

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Quote from: GideonGono on June 28, 2021, 08:31:16 AM

It doesn't matter if you enter the market recently or from the early years.
It all comes down to how you would handle your investment because surely if your an early investor and always looking at the price,
You would take your profit whenever it hits the mark that you set and you wouldn't just HODL it all up till now.

Im with this and this is actually on whats happening because we do have different mindset and goals really had in mind which means actions and decisions would be made will really vary on the situation because not all would really be doing the same action or decision towards their investment specially with bitcoin.This is why it doesnt really matter whether you do enter early or late because accumulation would be still the same but though we cant really just ignore on whats the different in terms of the amount in fiat that they had gained since the amounts that they had been holding will be entirely different.

hatshepsut93

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Quote from: virtualdn on June 28, 2021, 03:40:04 AM

Same thing happens now. It's not too late to enter today.

It's not exactly "same" thing. Bitcoin will not increase x100 in one decade like it did before. Bitcoin can't grow at the previous rate forever, it's pretty obvious that the growth has to slow down, and it probably already slowed down, as this bull run is already smaller than the previous ones. So, timing becomes more important, because it would help getting much more profits than FOMOing at whatever price and hodling. Of course for those who are bad at trading hodling is great, but it's not the best trading strategy.

dimonstration

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It will depend on how we do Trading, even we buy during pump or dump the profit will depend on how we gonna use the money. Those who enter early or years ago already gained profits just by holding but we prefer to still get profit then we must know how to trade so we have options or control where to take profit.

dezoel

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Well, yeah and one can relate to this situation how we used to tip people 100-200 doges in the past and now the same amount is considered a solid capital for trading Grin

.

I mean we don't know how much 1mBTC could be in the future so even though it feels like we are late to the party and investing isn't worth as much now, it might prove us wrong again. People who would have sold their BTC at $100 regretted when it reached $1000 and those who sold them for 1k will regret watching it 10k and so on .. I just think holding brings the highest value overall.

And on that note guys, never keep your altcoins or BTC or any asset in an exchange because fast forward a few years, the dust of today might be Goldust in the future.

GideonGono

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It doesn't matter if you enter the market recently or from the early years.
It all comes down to how you would handle your investment because surely if your an early investor and always looking at the price,
You would take your profit whenever it hits the mark that you set and you wouldn't just HODL it all up till now.

NeuroticFish

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Quote from: virtualdn on June 28, 2021, 03:40:04 AM

It's not the amount that counts... what matters is to own BTC and HODL.

The amount matters too.
It's a great feeling to HODL, but I guess that early retirement - or retirement at all (!) - may be also a pretty good feeling. And since Bitcoin price has its own pace and ups and downs, on may need a bit more than 0.1 BTC in order to get comfortable life by spending that in a somewhat near future. Keep in mind that people on this forum range from teenagers to maybe 70 (!).

Jating

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Quote from: virtualdn on June 28, 2021, 03:40:04 AM

...couldn't guarantee you the success. Let's say you had 100 BTC in the early days and later you sold them. You will still be better today owning only 1 BTC. Examples can continue.

Same thing happens now. It's not too late to enter today. Why? Because the same scenario is still in place. If you own 1 BTC and you sell today, someone holding only 0.1 BTC will be much richer than you in the coming years.

It's not the amount that counts... what matters is to own BTC and HODL.

Good point, we have seen and heard a lot of bagholders early, who sold, but if they can go back in time, for sure they would just hold on it and wait for the right time to sell and make them millionaire. And then we also have the holders, now they are enjoying the fruits of them staying in the market for so long and not sell a single BTC.

It seems that for majority of us, it's really hard to earn 1 btc, but we can do it, we just have to work for it. And for those who own now, look at the past and maybe you can see your self in the future.

Renampun

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Quote from: virtualdn on June 28, 2021, 03:40:04 AM

...

with so many conveniences that now we can get hold of Bitcoin so it's more tempting...

currently, there is a lend and staking feature, you can put your BTC there and generate passive income from there, besides you profit from lending or staking, the increase in the price of Bitcoin also gives profit too.

jossiel

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There were for sure a lot of those folks that held hundreds to thousands of bitcoins and then sold it when it was $1-$10 or $100 or so.

And that made them done the wrong decision and I agree to you that even you're holding a few decimals but when the right time comes and, the price of bitcoin by that time is higher than what we've seen.

You still made the choice of buying today. We cannot go back to the past and that's why we have to move on and take decisions such as buying today.

Kong Hey Pakboy

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The only wrong thing to do is probably not getting in at all like how the saying goes, "better late than never" because never getting in is much worse because we don't know what's going to happen to bitcoin next which means that there's a likely chance that it will skyrocket again and you not having any investment will only reap regret because you have doubts.

Pmalek

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Quote from: virtualdn on June 28, 2021, 03:40:04 AM

...couldn't guarantee you the success. Let's say you had 100 BTC in the early days and later you sold them. You will still be better today owning only 1 BTC.

if you are looking at the dollar value, yes. But many bitcoiners will tell you that 1 bitcoin is always 1 bitcoin. Therefore, the person owning 1 BTC has it 100 times worse than the one owning 100 units.

Quote from: virtualdn on June 28, 2021, 03:40:04 AM

If you own 1 BTC and you sell today, someone holding only 0.1 BTC will be much richer than you in the coming years.

Says who? You can't make that claim. We are all hoping that will be true, but it's not a certainty. What if tomorrow someone discovers a devastating vulnerability in the code that could result in the end of what we know as bitcoin?

Quote from: virtualdn on June 28, 2021, 03:40:04 AM

It's not the amount that counts... what matters is to own BTC and HODL.

Of course it's the amount. If the person from the beginning of your post never sold his 100 coins, you wouldn't have to compare his portfolio to the others.

virtualdn

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...couldn't guarantee you the success. Let's say you had 100 BTC in the early days and later you sold them. You will still be better today owning only 1 BTC. Examples can continue.

Same thing happens now. It's not too late to enter today. Why? Because the same scenario is still in place. If you own 1 BTC and you sell today, someone holding only 0.1 BTC will be much richer than you in the coming years.

It's not the amount that counts... what matters is to own BTC and HODL.

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