Topic: Decade of investment - page 2. (Read 648 times)
NVIDIA and AMD has gained more than 1500% each, more than Apple.
Kind of unfair to scale the ROI like that when you're only sampling from the winner's circle. Think survivor bias: you seldom hear of adventurer's tales that end in death.
It's silly to look at investing with hindsight since there will always be some "most profitable option" but at the time, the right choice is not the best choice. I'm not banking on my 7-2 hand to get a full house against pocket aces every time, nor am I expecting an altcoin to skyrocket. The possibility is there but if you're making decisions in the present, I can say that you would rather bank on the 80% chance to make 2x than the 0.001% chance to make 1000x.
If I approach every poker hand or shitty penny stock or altcoin with the thought "this might 1000x" then I would be out of money.
It's silly to look at investing with hindsight since there will always be some "most profitable option" but at the time, the right choice is not the best choice. I'm not banking on my 7-2 hand to get a full house against pocket aces every time, nor am I expecting an altcoin to skyrocket. The possibility is there but if you're making decisions in the present, I can say that you would rather bank on the 80% chance to make 2x than the 0.001% chance to make 1000x.
If I approach every poker hand or shitty penny stock or altcoin with the thought "this might 1000x" then I would be out of money.
It should always be highlighted that the road to 62,500% ROI is not easy. It is not for everyone.
A lot have given up along the way. A lot have lost patience, got weaker hands in the process, got too excited with a smaller profit, succumbed to FUD, ended up panic selling with a huge loss, jumped into repurchase merely due to FOMO, and so on and so forth.
So for everyone looking only at the juicy side, please think twice. Take a step closer and zoom in the charts and realize that the smaller picture provides a harrowing experience, details that you are going to go through day by day.
So the first thing to do really is to familiarize yourself with that which you are investing and be convinced with it. Otherwise, the bumpy ride will neither be fun nor profitable.
A lot have given up along the way. A lot have lost patience, got weaker hands in the process, got too excited with a smaller profit, succumbed to FUD, ended up panic selling with a huge loss, jumped into repurchase merely due to FOMO, and so on and so forth.
So for everyone looking only at the juicy side, please think twice. Take a step closer and zoom in the charts and realize that the smaller picture provides a harrowing experience, details that you are going to go through day by day.
So the first thing to do really is to familiarize yourself with that which you are investing and be convinced with it. Otherwise, the bumpy ride will neither be fun nor profitable.
I'm coming across the idea that an investment $<1m if well managed can return up to around 1000% over a decade (kinda a helpful benchmark here imo).
Caution is also necessary with every investment, you can't allot a certain amount of cash on something you don't have faith in and that COULD reach zero unless you can teach yourself to hodl no matter what with some amount that you have at least and are willing to lose for the potential gains. But you can only lose 100% and can gain a lot more tjough... If you cash out when you double or set a stop loss with an amount you can't afford to lose then you might be more comfortable investing.
Caution is also necessary with every investment, you can't allot a certain amount of cash on something you don't have faith in and that COULD reach zero unless you can teach yourself to hodl no matter what with some amount that you have at least and are willing to lose for the potential gains. But you can only lose 100% and can gain a lot more tjough... If you cash out when you double or set a stop loss with an amount you can't afford to lose then you might be more comfortable investing.
What's your view about the top investment of the last decade done by @CryptoCrunchApp
Bitcoin ---> 62,500%
Ethereum ---> 17,900%
Netflix ---> 4,280%
Amazon ---> 1,250%
Apple ---> 840%
The type of investment you get yourself with, will determine how great your tomorrow will be "YOUR LIFE, YOUR CHOICE
Bitcoin ---> 62,500%
Ethereum ---> 17,900%
Netflix ---> 4,280%
Amazon ---> 1,250%
Apple ---> 840%
The type of investment you get yourself with, will determine how great your tomorrow will be "YOUR LIFE, YOUR CHOICE
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