Re: How many times we will make the same mistake? - History repeats Again & Again!
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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?
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?
10 years ago Bitcoin was still something relatively new (although some say it still is today), and it really doesn't make much sense to compare gold and real estate with investing in Bitcoin in relation to that period. It is not only about trust, but also the fact that even today people prefer to invest in something tangible, rather than in something that the majority still do not understand and can hardly understand the virtual value of something like Bitcoin.
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. 
Regardless of the optimism that I personally have, I still do not think that someone who invests in Bitcoin today will in 10 years make the kind of profits that were made in the past. I expect that then the price will be in six digits, but I am not inclined to believe that it will be more than x10 compared to today's price. Of course, this is not a bad price - but in 10 years, $500k will have much less purchasing power than today.