Topic: What if I buy 3BTC now and forget about them for 10 years??? - page 6. (Read 4744 times)

you would not lost your money because for next 10 years i'm pretty sure bitcoin still valuable on that year and regarding the price it is hard to predict even the price was so high currently but doesn't guarantee the price will increasing for every year and there are possibility you will be the rich man but possible too you will became poor man

I'd say that you will have made a very, very nice profit. Personally I'd advise you to do it ASAP before the price soars even higher. This train waits for no man.


I think we all wish that we'd bought more at much lower prices but we can't control the past & missed opportunities. Just make the most of the chances we have now i.e. HODL

Quite possible.  Depends where Bitcoin goes as a speculative investment, a "digital gold" or as a practical currency.  There are a lot of factors that could affect this.
No, except for in the unlikely scenario that people give up on upgrading Bitcoin and move to a centralised altcoin with more powerful developers, or in the unlikely scenario that you lose your private keys/seed.
Absolutely not.  It's very unlikely that Bitcoin will stabilise in price until it's found its place in society.  If that place is nowhere, the price will be zero.  As satoshi put it:

Give it time.

The first question you should be asking yourself is - will I care if I never see that $6000 or so again?

If it's a yes then it's time to look into it. 10 years will be more than two halvings away. If Bitcoin survives and thrives it will pay off.

There will never, ever be more than 7 million people who can own more BTC than you. Multiply that by a big chunk of the planet that wants Bitcoin and you might end up with a favourable result.

And there will be significant dips along the way. Will you be able to hold out?

I bought 25 bitcoins in 2011 at the price of 1 dollar

my only regret is i didn't buy more

i am not rich .. yet

 

Simple information

1. Nobody knows so if you ask you will get 1000000 advices. And remember it's not their money so they can easily give you shit advice.
2. If you have the money then why not give it a try. If you don't invest you will never win (or lose).
3. You might want to consider waiting for the next bear market and try buying lower or just ride out the 10 years hoping this was low compared to the $100k in 2027 ;-P.
4. Waiting 10 years is a good plan and I believe it will either be at least 1000% higher or extinct. But I would read up on Bitcoin and make an educated guess on when to get out.
5. You could do a phased buy. Buy 0.1 BTC every week or month. This will give you an average buy rate.
6. Look at the history charts and try and see patterns.
7. Greed kills so don't make any rush judgements.
8. If you still want to do the 10 year plan then stick to it and don't get scared even if it goes down the shitter for a while.

Anyway. Read up and make your own plan and stick to it.

I think that bitcoin will be >1000% higher in 10 years.


I have been in Bitcoin since 2013 and my plan has been to hold until 2020.
My reasoning has been that the game will change when mining is no longer profitable and only few coins are to be mined.
I have tried trading with 1 BTC and lost most of it, but learnt a lot about trading.
Now I view my BTC holdings as a lottery ticket which has a high potential of winning the lottery
So in essence I am running the same plan as you are and I believe a lot of people are doing that too.

In the beginning I was a bit scared seeing it all plummet but nowadays I don't care. I forget about Bitcoin regularly and don't obsess on it anymore.

Define Rich?
Probably not
Will likely have made lots of extra USD at some point in the ten year cycle but will a USD be worth anything?

The future of bitcoin looks promising at a moment and if bitcoin survives for next 10 years then you will surely become an millionaire with that amount as just look at the current increase in the price of bitcoins and if it continues then after 10 years may be will witness the price of bitcoin in millions but to be honest its really hard to predict what will be scenario after 10 years.

Yes, you will be rich beyond your wildest dreams.
Yes, if you lose your private keys/password(s)
Depends, see above

Yes, I would do it. In fact, I have been/am doing it right now.

I am wondering, what would happened if I can get some cash to buy 3 BTC that means at the prices of this moment 1 BTC = 2,252 USD so would be 3BTC= 6,756 USD and forget that I Have them for 10 Years???

Will I be rich??
Will I have lost all the money??
Will I have just make a few extra dollars??

Would you do it??