Re: How many times we will make the same mistake? - History repeats Again & Again!
⭐ Merited by JayJuanGee (1)
~
u]Will we make the same mistake again and again?[/u]
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.
If I say to you to invest in a meme coin right now and hold it for 10 years, will you do it? u]Will we make the same mistake again and again?[/u]
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.
If I say to you to invest in some low market cap coin right now, will you do it?
That's how people think about Bitcoin in 2014 that's why only a few people risked their money and invested in it. Now that we are in 2024, Bitcoin has been known worldwide already hence, many investors are trying to buy it. It's not a mistake that those who knew Bitcoin way back didn't invest, but they're just scared to risk their hard-earned money into something that they didn't even know because Bitcoin at that time was a new asset.
History repeats? and Again? Well, if we look at the price history of Bitcoin, it might seem that history is repeating itself, but that isn't always the case. I saw the price of Bitcoin at 4 digits way back in 2017-2018 and didn't invest at that time. Why? It's because I'm scared since I'm not that knowledgeable enough. Did I commit a mistake then? I would say no, but emotions got me at that time since I was a newbie.