[edited out]
Essentially we're saying the same thing. I just removed the impossible (the past). Of course, if I could travel back in time, buying BTC would be the very first thing I'd do. I still haven't forgiven myself for not buying moar in 2015, ending up spending the same amount of fiat I had then, to buy much less corn later. Hesitation is costly in bitcoinlandia, the early bird gets the worm, the later bird is still OK, but it has to wait. But it's still OK.
Can't argue with you there.
History has shown that buying BTC whenever you can, has been (most of the time) a very profitable move. Add a few years in the future, and (perhaps) you could replace "most" with "all" in the previous sentence.
This too... agree.
Can you imaging someone buying right at the ATH point? I have a friend who did so in 2017. He must be so sad now... Should he be? Maybe not. I could place a bet that his face will turn from
to
in a couple of years. So, subtracting the impossible, the best time to buy is
now, or in the near future if you think you can outsmart it (hahaha).
I gotta quibble here. I am not going to doubt that there are some outlier cases that bought at the top and just sat on their hands for more than 2.5 years... but that really is not a very smart strategy to just let their investment sit without buying some more.. I don't have too much sympathy for these kinds of folks, but there would be a decent amount of respect for anyone who actually makes sure NOT to sell at a loss, even though part of the inclination is going to be to cash out way too much too early once their holdings get into profits... again to the extent that this hypothetical (and likely over-represented) investor actually exists.
My advice to anyone reading this: DON'T share PINs, passphrases, seeds, anything of that nature, with ANYONE, not even your parents, children, spouse, etc. They may be the most trustworthy people in the world, but they may carelessly compromise the security of your coins.
But...if you want your loved ones to inherit your stash after you are gone, you have to figure out a way to leave it to them. Otherwise your stash access dies with you. And keep in mind that you could die any second (e.g., sudden heart attack, getting hit by a bus, etc.) so you may not have time or opportunity to give them access to it on your death bed.
Yes, that's exactly the problem. Not easy to solve. We must find at least one person in our lives, who can handle this thing. Banks, wills, etc. is how it's currently done. With Bitcoin we're on our own. Even teaching someone to transact in Bitcoin can be a challenge. Just imagine explaining about wallets, seeds, passphrases, keys, addresses, etc. Not (yet) easy for most...
What about the letter to the lawyer or whoever that is in your safe or whereever that explains everything upon your passing?
xhomerx10 just replied with a near-exact copy of what I was about to write.
Well, I am going to have to give you the same exact response that I gave to xhomer.. except making my response with an image rather than words.