Ninjastic
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Board Bitcoin Discussion
Re: How many times we will make the same mistake? - History repeats Again & Again!
by
bakasabo
on 22/02/2024, 11:41:31 UTC
Quote from: LesterD on February 21, 2024, 10:52:53 AM
Quote from: bakasabo on February 21, 2024, 09:45:16 AM
To see the clear picture and get helpful answers, I suggest to put on the other side a list of unsuccessful investments. OP has mentioned gold, bitcoin and property investments, showed how $1000 turned into hundred thousands. I havent googled much, but offhand I can name Twitter purchase. Suppose you have invested in Twitter. During two last years the value of your investment has decreased. Found list of unsuccessful investment. HP have bought Autonomy and face multimillion value loss of a company they have just purchased.

So OP, when asking why people make mistakes and did not invest on early stage, think about all the unsuccessful investments people made. Because I feel like ration of successful: unsuccessful early investments are greatly below 1.
Indeed, many investors are hesitant to invest until they see results, this might be due to their past experiences with unsuccessful investments. Only a few individuals are willing to take the risk, usually those who have the courage and were fortunate enough to invest early on.

It is not only about having fails with previous investments and experience, but OP ask why we wait and did not but early (and give some examples of successful investments), and completely forget about all those fails with 2017-2020 ICOs. Investing early in Bitcoin is just one example of success, but at least on this forum we can find thousand of ICOs that failed or became abandoned after soft cap being raised.

What is his call and idea? To look invest early ? Or to look for gems ? But that is what we have been here all the time. So nothing new he has said, and all of us not making that mistake he was talking about.