Post
Topic
Board Bitcoin Discussion
Merits 1 from 1 user
Re: How many times we will make the same mistake? - History repeats Again & Again!
by
Gallar
on 26/02/2024, 15:31:28 UTC
⭐ Merited by JayJuanGee (1)
~Snip

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?

~Snip
Yes, it's a shame that I personally missed this extraordinary opportunity. But more precisely, I didn't miss it, but because I didn't know about it. Because in that year(2009-2014), as I remember, I didn't know about Bitcoin. So if you say regret, maybe what I regret more is that I didn't know anything about Bitcoin that year. Maybe if I had known about Bitcoin that year, maybe I would have invested a few percent of the money I had there (bitcoin). Because I personally like to try new things.
But even so, time still cannot be turned back. So I won't worry too much about my regrets. Because the most important thing is that now I have Bitcoin.
Because if I own bitcoin now, at least in the future I won't regret it as much as I did. Because if you think about it deeply, bitcoin is indeed an extraordinary asset. The reason is, the profits that can be obtained within 10 years look very large.

Maybe the reason why Bitcoin can become a big asset like it is now, maybe because today's times are very supportive of Bitcoin. What I mean here is about technology. Because bitcoin was born in 2009, that year the era will begin to shift towards advanced technology such as smartphones. So basically bitcoin was born along with technological developments. Therefore, as technology advances, Bitcoin also advances.

And about the lack of public trust in Bitcoin. Personally, I don't think this means that these people don't believe in Bitcoin. However, there are several factors that hinder these people. Examples

  • Such ignorance as I was before
  • Not having adequate technology (such as a cell phone)
  • Or also because they think Bitcoin can get to this point just by chance.

So with that said, not many people still trust Bitcoin.