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.
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 think the main problem people have with Bitcoin is that they haven't been around from the start. They feel like left out from the initial high returns and don't want to invest now when the prices are high. But we need to get away from the thinking that Bitcoin was worth 1 or 100 USD and wait for the prices to fall again. This was such a long time ago before Bitcoins where widely known. We are now living in the new normal and need to adapt to it. Waiting 10 years only with the small hope of falling prices to invest our Bitcoin is not a good idea. Inflation is just going to eat up our purchase power, we need to invest our money today and not wait too long. Gold was for my grandparents what is Bitcoin for me today. I wouldn't invest any money in Gold now because the price is way too high, I just don't see any value in it anymore. As for real estate, I think that there is some value in it and eventually everybody should invest it. Paying for rent your whole life is not going to be a good idea. If you somehow can manage to get your hands on some apartment or house where you want to live in yourself, then you can save a lot of money, assuming the property is in a good condition and you don't have to invest so much money on repairs.