Topic: Planting a tree and investing in bitcoins should wait a certain period of time. - page 2. (Read 280 times)
March 14, 2023, 04:02:47 PM
An example isn't bad by the way. The summary is we should have Patience when dealing with Bitcoin. Bitcoin isn't something that makes quick money. We have seen always holders become gainers but for that need patience. Someone it takes a couple of years to recover the price or hit the ATH. So yea, it's something like tree plantation. Can't expect quick results always. Sometimes a few lucky people can earn a decent amount within a short time. But everyone isn't lucky enough. So we must need to educate ourselves about Bitcoin holding.
March 14, 2023, 03:53:13 PM
You can actually get the seeds for free from the other trees and keep planting regardless...
March 14, 2023, 01:30:02 PM
You are right about patience being needed for Bitcoin investments to avoid rushing to sell of your coins when the market takes a downturn, but you don't need to wait to get the benefits of Bitcoin. As soon as you make a purchase,
• You can send transactions without a third-party,
• You can hold your funds with full custody,
• You can maintain pseudo anonymity,
• You can make immutable transactions that cannot be reversed or cancelled.
We look back to how cheap Bitcoin was in 2010 and how high it got in 2017, which is a timespan of about 7 years.
• You can send transactions without a third-party,
• You can hold your funds with full custody,
• You can maintain pseudo anonymity,
• You can make immutable transactions that cannot be reversed or cancelled.
I think to wait 5 or 7 years is a very long time.
5-7 years does not equate a long term investment. In other words, it's not really that long.We look back to how cheap Bitcoin was in 2010 and how high it got in 2017, which is a timespan of about 7 years.
March 14, 2023, 01:06:42 PM
If you're in just for the profit, you're NGMI. I prefer a future wherein I won't have to convert my bitcoin to fiat, with little inflation, than live rich in a world with crap money.
The adoption of Bitcoin in comparisons with Internet users, world population show that how fast Bitcoin adoption is.
I advice you to be very careful when reading about the adoption and the total users. Nobody can know such thing with certainty, it's like asking how many people possess gold. I doubt you can even approach that number. 
March 14, 2023, 01:04:58 PM
Planting a tree is commonly used to describe what investing is. That's what the people that I've talked to for a lot of years have explained and even my mother when she's teaching me how to invest. I'm glad that there were those people that have opened my eyes to investing and fortunately, I fell in love with investing and that's through bitcoin. It requires a lot of patience and you don't have to rush anything upon investing in it. There's a certain time that we need to do nothing and sometimes that we need to take actions like taking some profits or selling in losses to cut more potential losses that are about to come. As we plant(buy) right now, it's known to many that holding it is worth it and it's not just me and you that have experienced how effective it was but many, the majority of bitcoin holders knew it.
March 14, 2023, 12:56:12 PM
I am more apt to monitor the bitcoin investment market and the good news is that the time is right for bitcoin investment.
The time was right yesterday for bitcoin investment, not today. The people that will enjoy the returns on their investment the most are not those that will invest today but those that invested yesterday. why do you have to equate planting trees with bitcoin investment? I think to wait 5 or 7 years is a very long time.
They always say HODL for as long as you can, but nobody tells you how long you are expected to HODL, you decide that yourself, that is how long you intend to HODL and your target. For some people 5-7years is just fine and okay to HODL, but maybe not to everyone. If you can actually plant a tree to mark the duration of HODLing from planting to maturation of the tree, that can work and help you in your discipline. Just pick the tree you want if you have a space for it, some trees take a year, some two, others three and so on to maturation, Pick your tree and do some planting, planting trees are even advised.
March 14, 2023, 12:05:33 PM
why do you have to equate planting trees with bitcoin investment? I think to wait 5 or 7 years is a very long time.
I am more apt to monitor the bitcoin investment market and the good news is that the time is right for bitcoin investment.
I am more apt to monitor the bitcoin investment market and the good news is that the time is right for bitcoin investment.
March 14, 2023, 05:50:27 AM
Planting a tree and investing in bitcoins should wait a certain period of time.
To plant a tree, first buy it from the market. Then you have to plant. Then the tree slowly grew and its branches grew.
Your task now is only hop on the boat, join the trend and wait to harvest.
Quote
Nothing can come from that tree without waiting for a long time. After planting a tree, one has to wait for 5-7 years to get any yield from the tree. And if patience is lost before that, if the tree is cut down, then nothing much can come from the tree.
With Bitcoin, you won't have to wait 5 or 7 years. It has a halving cycle that appears every four year. The last halving happened in 2020 and now we are in 2023, one more year till its next halving. I don't think you have to wait more than 2 more years to harvest sweet profit if you buy Bitcoin today and are able to hold it for a while (about 2 years). March 14, 2023, 04:31:38 AM
Planting a tree and investing in bitcoins should wait a certain period of time.
To plant a tree, first buy it from the market. Then you have to plant. Then the tree slowly grew and its branches grew. Nothing can come from that tree without waiting for a long time. After planting a tree, one has to wait for 5-7 years to get any yield from the tree. And if patience is lost before that, if the tree is cut down, then nothing much can come from the tree.
So we should wait a long time like planting a tree. Similarly we have to wait by investing Bitcoin.
But we know what Bitcoin used to be and what it is now. It will be bigger in the future. So don't we think about the future? Of course I will. Invest in Bitcoin with the future in mind.
For example, a tree bears fruit after a long period of time. Bitcoin will also fulfill our hopes. So those who are or will be investing in Bitcoin will have to wait a little longer. And the result of waiting will be beautiful. Good luck to you. thank you
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