Post
Topic
Board Beginners & Help
Re: I missed the boat is not new concept..
by
Saint-loup
on 14/11/2021, 08:21:26 UTC
I'm sorry but your message is a little bit inconsistent in my opinion, on one hand you enjoin newbies to "stay safe" and on the other hand you encourage them to buy a high volatile (and then risky) asset at its All Time High.  Undecided That's not a responsible behavior IMO. Newbies should be very cautious before investing large amounts of money at the ATH of any asset but more especially cryptocurrencies because they are among the highest volatile assets available. They should DY(T)OR before investing, only invest what they can afford to lose and don't except more guarantees than in a gambling game. BTC and the crypto world won't earn anything good in the long run by creating disappointed, frustrated and angry people.
This is not a trading guide where i have asked newbies to invest large sums of money as i myself also don't have huge funds available to invest so why would i do that? Second this thread is only indicating to some past mistakes of the members who ignore the bitcoin importance and keep on repeating the same phrase and now regrets it so just avoid those mistakes was my concern.You are saying that i said it to buy at ATH so ask yourself people who have invested at ATH of 2017 which was around $20k are now in loss or dead? They have gained more than 4x on their investment at the current prices.It is just our way of overviewing the things so be wise man.The whole market is risky but the main risk is not to have any bitcoin in future.
I'm sorry but where have you seen that late 2017 newcomers have gained "more than 4x"(sic) times their initial investment?  
Firstly, BTC has never reached $80 000 to date, so no $20k buyer has been able to earn 4x times his initial investment...
But more seriously, most of them have certainly sold their bag several years ago yet, and are in loss, of course. So saying the main risk is not to have any bitcoin in future to a newbie is not responsible. No asset on earth is able to grow endlessly, thinking like that is just being survivorship biased.