Re: The regret of early Investors or the regret you get for procrastinating
The above picture states very clearly the regret most Bitcoin investors are going through now.
I was just going through my telegram page when I bump into this in one of the crypto airdrop group, so I decided to share.
Most times as humans we feel more regret for the action we didn't take than the ones we took.
25 October 2011 he was happy that he didn't buy Bitcoin when it was $2.70, but comparing gap in price between then and now, is quite a lot to feel regretful.
So in my own opinion, now is not too late to buy Bitcoin because it's still in it early days, and am quite positive that in 10 to 20 years time from now, Bitcoin has the capability of doing 10x to 15x of it current price, so it is best to act now that the opportunity is still there.
Yes, you are right, those who have invested before and those who have sold their investments are now regretting it a lot. It will not be a good decision for a new person who is afraid to invest, or waiting for a fall. A person who is afraid to invest should start investing first. If he is able to invest $50, he can overcome his fear by investing $5 or $2 in the first place. Because when he can overcome his fear, he can invest as much as he wants. If a scared person invests with a lot of money in the first place, then when he sees a fall, he may get very scared and decide to sell his holdings.
It is never a good idea to wait for a fall. Because if you wait for a fall, you may miss out on many buying opportunities and you may fall far behind your portfolio goals. You will try to hold your investment for the long term and you will continue to buy consistently by adopting the DCA method.
I think it would be very foolish to think that the price of Bitcoin is very high. Because Bitcoin is still in its early stages. For example, about 1% of the world's people invest in Bitcoin, so the price of Bitcoin is now above $ 100 thousand, when 20% or more of the world's people invest in Bitcoin, how much can the price of Bitcoin increase. So hold your investment for the long term.