So, reading the first 2 pages of topics on this forum I have noticed that every single question is either:
- Will Bitcoin be the most amazing thing ever?
- Will bitcoin crash and burn?
Almost every answer is exactly the same:
- It will be amazing because "I believe", "I have faith" etc etc
- It will crash and burn because it has no value/too volatile/the secret world society will not let it be mainstream, whatever...
- No-one knows but I will write a ton of words which say that.
Whether Bitcoin ends up rising in value, replacing global financial systems, crashing etc etc the answer is nothing more than NO ONE KNOWS....
Your "faith" "belief" etc in it is irrelevant, unless you can manipulate the price, news, etc you have no influence over its success.
All you are doing is taking a gamble/speculating.... you may get lucky or not.... just make sure it is money that won't ruin your life if it all goes away.
I bought some bitcoin because I am greedy and want it to go up in price so I can sell to someone else for more money.
Is it the best investment.... of course not....
But is it fun, hell yes!
Trading it can be fun, like going to a casino where you think you know how the cards are stacked.....
And you are right that nearly 99% of the questions and andwers are the same (yours included). But that is okay. Because the forum is meant for such discussions and sharing of the little knowledge we have that might prove to be useful for some.
Just like you, i always say the same, invest what you only can, what is extra. Never push beyond your financial limits. If investing to bitcoin is too risky for you then pause and think of it for a moment.
And yes, no one knows what the future holds specially in a volatile environment such as cryptocurrency.
And these sort of discussions are essential part of us stocking knowledge and learning from each other's experience to do better and have a greater sense of judgement. So i hope you don't get tired of the same questions and answers that you are encountering here, it helps many of us one way or the other. Trust me.
Well said! Couldn't agree more. Pushing beyond our financial limits takes all the fun of it!