Re: How many times we will make the same mistake? - History repeats Again & Again!
Bitcoin has been giving such profits for about 12 to 13 years, I don't think anything else in the world can give so much ROI in such a short period of time. But where is the problem with our trust in Bitcoin?
Now you may say yes 10 years ago there was an opportunity to invest in Bitcoin. I know you missed that opportunity even I missed it but everyone knows that Bitcoin price will reach 100k or 150k. Even JP Morgan, who is strongly opposed to Bitcoin, says that the price of Bitcoin will increase.
So those who missed the previous rally should not try to catch the current rally? Will we make the same mistake again and again?
Maybe 10 years from now in 2034 someone will be doing this same calculation, that 10 years ago in 2024 if we bought Bitcoin we would have made 34600% profit. At that time maybe the price of Bitcoin will rise at 8 digits! Maybe I won't be around then but Bitcoin will be fine.
Bitcoin was the greatest opportunity and investment, especially 10 years ago because it was the first complete cryptocurrency. Imagine we live in a society where money doesn't exist and then someone invents money but in a limited quantity. Then slowly people discover that there is a new thing called money and some people want to buy it early. Then, people understand that there is money and everyone wants to get it because how cool it is but in exchange of getting 1 money (1 btc), you have to do more job than you had to do in 2010 because everyone wants money and demand increases. Now you may say yes 10 years ago there was an opportunity to invest in Bitcoin. I know you missed that opportunity even I missed it but everyone knows that Bitcoin price will reach 100k or 150k. Even JP Morgan, who is strongly opposed to Bitcoin, says that the price of Bitcoin will increase.
So those who missed the previous rally should not try to catch the current rally? Will we make the same mistake again and again?
Maybe 10 years from now in 2034 someone will be doing this same calculation, that 10 years ago in 2024 if we bought Bitcoin we would have made 34600% profit. At that time maybe the price of Bitcoin will rise at 8 digits! Maybe I won't be around then but Bitcoin will be fine.
I know this is not a good explanation but bitcoin is a new money in this world, that's why this asset will increase in value but people will still always make mistakes of not buying it.