Post
Topic
Board Speculation
Re: Road to 100k?
by
wxa7115
on 22/05/2024, 03:54:35 UTC
Most times when i hear how all these statements that people come into investment because they heard it's a fast way to become rich i wonder if they do not read about investment or know that investment is not a get rich quick scheme and also that risk is involved in it. Wait, i want to be sure here, why would anyone want to start an investment without knowing what the meaning of investment. Because anybody with the get rich scheme motive don't know the meaning of investment at all and should be prohibited from starting an investment especially Bitcoin investment which has high volatility.
We cannot really forbid people from investing on this market, as even if those people are making a grave mistake by putting their money at risk at an activity and with an asset they do not fully understand, at the end it is their money and their risk to take.


Of course, you have understood the concept of Bitcoin but not everyone believes that in decades to come Bitcoin would still be increasing in value. If you ask some investor, they will tell you that there is a possibility for Bitcoin to come to zero which i believe that is impossible. Instead, we might see Bitcoin to reach 1 million and above and through that way many will not be able to afford it anymore only the wealthy will be able to buy Bitcoin.
The chances of bitcoin being worth one million dollars on the future are higher than bitcoin being worth zero dollars, on that I agree, however you need to always keep in mind that anything can happen no matter how unlikely we believe it is, and while the risk of bitcoin being worth zero has diminished substantially since its early days, we cannot really dismiss this possibly as being completely impossible.