How many times we will make the same mistake? - History repeats Again & Again! - page 6.

Hamza2424

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Quote from: bobbybkk on February 21, 2024, 01:02:00 AM

I think a reasonable approach to investing in Bitcoin lets say 1000 USD is :

The worst what can happen is that you lose the 1000 USD.

The best what can happen is that you make possibly 350 x profit = 350 000 USD

So maybe worth the risk to invest in Bitcoin...

Naah, it's not like that, Bitcoin still has super potential but the 350 figure on the current market valuation is not likely possible and it might not be possible even in the coming years as well. Having such expectations ahh is not likely a wise action.

TBH, on the current level where the market is already mature to the $T market capital with the growth in the coming timeline and more maturity it will stabilize the fundamentals and volatility, it was reported many times that with more and more distribution of coins among the community it will make bitcoin more reliable and less volatile, because now the power is getting diversified so the centralized actions which were causing a volatility in market will come to an elimination now except for the Black Swan events and community fuds.

Sandra_hakeem

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Goodnight, ohh Leo!!! 🦅

Quote from: Maus0728 on February 21, 2024, 01:22:03 AM

... It's also worth noting that along the way in 10 years of hodling bitcoin, there's going to be times when you'll be tempted to sell because bitcoin despite it's volatile nature, growth can still be shown in years so you might not even be getting a full profit out of that in 10 years.

The volatility is the game - It's the whole essence of Bitcoin in existence.... If you wanna evade the bearish trend because your coin worth reduces everytime, then you won't stand the fact that inflation hits your country's economy from every single year.

Bitcoin isn't gonna move up the trend - maybe to a hundred thousand just very soon... It'll take years off of this period - especially since there's alot to fix in place. AFAIK, the more it sells off; the more global recognition it gets, the more it tends to increase in price.

red4slash

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Sometimes the mistake occurs not because we are not able to accept the pressure when bitcoin is declining but instead occurs because when we are impatient when bitcoin is in a positive trend.
This happened to me who was not once in the previous few years so that even though I still made a profit in the investment I made but on the other hand it became not optimal because of my haste which was unable to resist the temptation to take advantage of what I had planted in the investment I made.
Honestly, things like this even though it is a regret but it can continue to repeat and we don't do it once because indeed the toughest temptation is apart from having to be patient when bitcoin is in a crash but on the other hand wanting to take advantage when bitcoin is bullish always becomes a situation that is very difficult to resist so that the plans we want to build, especially when we have set a limit where we want to sell, become a little disturbed.

Questat

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It is not a mistake, some people never see it as worth taking especially if they don't understand. So we don't expect that everyone will consider and take this opportunity because investing is just for risk-takers, many people are just prefer to just simply work. In fact, even though Bitcoin has become too popular now, we still see people ignoring this. It means that not all have interests and we can't force them, even in investing in gold and real estate, only a few have the courage.

- knowledge and money -- these are the factors why people don't decide to invest.

The Cryptovator

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Actually, everyone knows that those are familiar with Bitcoin and investing. Don't expect all the population of the world to invest in Bitcoin. Because a lot of people are not familiar with Bitcoin. However, we are taking lessons from the past, and that's the reason why the price of bitcoins skyrocket nowadays. That means new investors become interested in Bitcoin as well as old investors. A few people may not take lessons, but it will be a small percentage. Because those are introduced to cryptocurrency, they won't leave that.

thecodebear

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Every four years there are always tons of people thinking about how they wish they had bought Bitcoin in the past. Some of them buy, most of them don't lol, and they keep missing out on the best wealth creation vehicle in the world.

Forever101

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This is a nice discussion, I think there is a better way to doing this, acquiring bitcoins in bit by bit, that will help anyone to get as many as they can acquire in a matter of time. So it is not compulsory to invest $1000 at once when you don't have anything to fall back to.
I do really think , the price of bitcoins will keep going up due to its operating mechanism in as much as more people get into bitcoins and it's use case increases

Zoomic

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Quote from: Natsuu on February 21, 2024, 05:32:49 AM

Quote from: Smack That Ace on February 21, 2024, 02:28:58 AM

Stories comparing investing in bitcoin to investing in gold and real estate are discussed every day. That's because we've all seen how bitcoin prices skyrocketed in the past, but give us a chance to go back 10 years and we knew nothing about it. I bet you that you or I or everyone here will not dare to invest in bitcoin and we will choose gold or real estate.

Furthermore, as some others have said, what happened in the past doesn't mean it will happen again in the future. The future is unpredictable and we also won't know what will happen to bitcoin in 2034. Therefore, claiming that investing in bitcoin will bring better results than gold or real estate after 10 years is not convincing.

You see, investing is a rollercoaster and looking back it's easy to wish we'd bet big on Bitcoin. But predicting what comes next is like reading tea leaves. Sure Bitcoin boomed but past success isn't a crystal ball. I mean spreading your bets across things like gold, real estate and crypto helps soften the blows. Each has its own quirks and potential wins. It's a wild ride and nobody's got a foolproof roadmap

Many people years back who failed to invest in Bitcoin had this same mindset that Bitcoin price might not progress to the extent of competing with investments in gold and in real estates. Bitcoin then didn't seem like an investment that could change lives, who would have taken it seriously then?Now, the evidence is clear and everyone is entitled to go for what they are comfortable with but I am very certain that lots of people who ain't convinced yet about the wonders of Bitcoin now will come back in few years to come regretting why they didn't invest when the conditions for investing were still very fair.

Investment is all about taking risks, while you are anticipating Returns on your Investment, also anticipate loss. Some investments are not always attractive and convincing but we just have to take that risk.The most important thing is, we will be saving ourselves from unnecessary regrets for not investing if at the end the investment turns out well. I have chosen to stick to Bitcoin investment and I'm ready to take that risk.

LesterD

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Quote from: bakasabo on February 21, 2024, 04:45:16 AM

To see the clear picture and get helpful answers, I suggest to put on the other side a list of unsuccessful investments. OP has mentioned gold, bitcoin and property investments, showed how $1000 turned into hundred thousands. I havent googled much, but offhand I can name Twitter purchase. Suppose you have invested in Twitter. During two last years the value of your investment has decreased. Found list of unsuccessful investment. HP have bought Autonomy and face multimillion value loss of a company they have just purchased.

So OP, when asking why people make mistakes and did not invest on early stage, think about all the unsuccessful investments people made. Because I feel like ration of successful: unsuccessful early investments are greatly below 1.

Indeed, many investors are hesitant to invest until they see results, this might be due to their past experiences with unsuccessful investments. Only a few individuals are willing to take the risk, usually those who have the courage and were fortunate enough to invest early on.

lovesmayfamilis

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What do the words “if we invested” mean? There are many people who regret mistakes, and there are plenty of them among us. But can we guess what tomorrow has in store for us? There is a simple solution; today we are more competent, and there is no need to doubt what has been proven many times. But again, we invest according to our capabilities; there is no need to deprive ourselves of health and normal life for the sake of tomorrow coming in ten years. This desired tomorrow may not come while we save on everything. Invest with understanding, and do not regret the milk that has already been spilled.

Natsuu

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Quote from: Smack That Ace on February 21, 2024, 02:28:58 AM

Stories comparing investing in bitcoin to investing in gold and real estate are discussed every day. That's because we've all seen how bitcoin prices skyrocketed in the past, but give us a chance to go back 10 years and we knew nothing about it. I bet you that you or I or everyone here will not dare to invest in bitcoin and we will choose gold or real estate.

Furthermore, as some others have said, what happened in the past doesn't mean it will happen again in the future. The future is unpredictable and we also won't know what will happen to bitcoin in 2034. Therefore, claiming that investing in bitcoin will bring better results than gold or real estate after 10 years is not convincing.

You see, investing is a rollercoaster and looking back it's easy to wish we'd bet big on Bitcoin. But predicting what comes next is like reading tea leaves. Sure Bitcoin boomed but past success isn't a crystal ball. I mean spreading your bets across things like gold, real estate and crypto helps soften the blows. Each has its own quirks and potential wins. It's a wild ride and nobody's got a foolproof roadmap

alankasman

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When the market price of Bitcoin increases, gold investors also benefit because the price of gold per gram also increases.
Many speculators will analyze the current market traffic until they come to the conclusion that Bitcoin is better than gold and that profits can be returned more quickly on Bitcoin than gold.

benalexis12

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As far as I know, many institutional investors in gold are already pulling out their capital investments here to switch to Bitcoin investments. This is what I know since the SEC US approved the bitcoin spot ETF.

Which, for me, is no longer surprising because institutional investors now find it easy for them to buy Bitcoin from their usual way of putting their capital, to be honest.
Although I am not saying that all Gold investors are transferring their capital into it, of course not. It's just like some of them only.

bakasabo

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To see the clear picture and get helpful answers, I suggest to put on the other side a list of unsuccessful investments. OP has mentioned gold, bitcoin and property investments, showed how $1000 turned into hundred thousands. I havent googled much, but offhand I can name Twitter purchase. Suppose you have invested in Twitter. During two last years the value of your investment has decreased. Found list of unsuccessful investment. HP have bought Autonomy and face multimillion value loss of a company they have just purchased.

So OP, when asking why people make mistakes and did not invest on early stage, think about all the unsuccessful investments people made. Because I feel like ration of successful: unsuccessful early investments are greatly below 1.

kro55

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Quote from: mindrust on February 21, 2024, 03:55:28 AM

A diversified portfolio is your friend. 15% gold, 30% btc, 5% alts, 10% stocks, 10%cash, 20% real estate, 10% bonds is a nice balanced portfolio. You can fiddle with the numbers of course, the point is that you shouldn’t go all in on one asset.

Capital allocation is only suitable for people with large or significant capital, it is not effective for people with small capital who want to increase capital. And I think bitcoin is the perfect answer for those willing to take risks in search of more significant returns.

In my opinion, people with little capital should only focus on 1 or 2 assets to achieve maximum profits instead of diversifying too much which will reduce their profits. I agree with OP, bitcoin should be the choice in this day and age where its returns are more significant than other investments. But we also need to realize that high profits come with high risks, everything is proportional to each other.

btc78

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Yes it is regretful that we were not able to acquire bitcoin back when it was still in its early times. Just thinking about how different my life would have been if my family had invested in Bitcoin back then. But 10 years ago is a completely different era. Moreover 2009 when Bitcoin was first launched.

First of all, technology at that time was not as advanced as it is now. Internet was not really as accessible as it is now at least in some countries especially third world ones. Those who knew about Bitcoin at that time in my country would have been people working in either finance or tech. Most citizens would not have known about Bitcoin. 10 years ago, some people did not even have the chance of buying Bitcoin. Well, anyway. Today is a new day. Internet is very much accessible by people in all ages and even social classes. You don't have to be super rich to buy Bitcoin now. So yes we all should invest before it gets too late again

0t3p0t

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Well the past doesn't define the future so taking the risk to invest long term especially 10 years from now we definitely have no idea if things will be the same as the past ten years but we all know that it is worth trying since we are talking about Bitcoin here. For me the chances of having much more profits in the next ten years if we are gonna invest right now is quiet positive due to technological innovation and of course massive adoption whereas compared to the past that for me is like a trial and error thing for most investors and enthusiasts the reason why they don't pay much attention to their hodlings that resulted into losing the keys and funds.

In the present days things are different because we already have learnt from the past, so right now, most of us are way more careful and hopeful that good things will happen again. But the only problem with todays Bitcoin investment is that whales tends to play with the market that is why we need to be aware of that so we can go with the flow.

mindrust

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There is a problem with this approach. Past performance doesn’t guarantee future returns.

Maybe gold will become the king of assets in the next 10 years and real estate won’t have any action. The possibility is small but not completely nonexistent.

A diversified portfolio is your friend. 15% gold, 30% btc, 5% alts, 10% stocks, 10%cash, 20% real estate, 10% bonds is a nice balanced portfolio. You can fiddle with the numbers of course, the point is that you shouldn’t go all in on one asset.

shield132

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Quote from: Minor Miner on February 21, 2024, 12:25:43 AM

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.

Bitcoin was the greatest opportunity and investment, especially 10 years ago because it was the first complete cryptocurrency. Imagine we live in a society where money doesn't exist and then someone invents money but in a limited quantity. Then slowly people discover that there is a new thing called money and some people want to buy it early. Then, people understand that there is money and everyone wants to get it because how cool it is but in exchange of getting 1 money (1 btc), you have to do more job than you had to do in 2010 because everyone wants money and demand increases.
I know this is not a good explanation but bitcoin is a new money in this world, that's why this asset will increase in value but people will still always make mistakes of not buying it.

Frankolala

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No one know how high bitcoin price will be in future, but the possibility of bitcoin price getting high with timeline is higher, because investors and institutions have now gain so much interest in bitcoin, compared to ten years back, that people hardly know bitcoin. However, we shouldn't use the past record to predict the future because it is not a guarantee.

Gold has been there for a very long time, and has be confirmed as a safe haven, but bitcoin is a baby just 14yrs and it has outperform every other assets, and it has shown that it is one of the best investment, infact it is the best investment currently. This circle is different and we can see bitcoin price higher than what we expected because of the approval of bitcoin ETF. Anyone that have his bitcoin investment, should hodli and see bitcoin as part of his life so that in future you will benefit from its compounding value. Do not put all your investment in bitcoin.

Topic: How many times we will make the same mistake? - History repeats Again & Again! - page 6. (Read 1399 times)