Think back to 2009 or whenever you first heard about bitcoin, that first day when you thought "what a crazy idea!" You probably thought it was cool but still kind of risky and unknown. Those are the moments when you need to put more on the table than you're comfortable with, you need to risk more than is natural, that's how you become wealthy.
Sometimes that risk will be for only the experience because the idea will fail. But the one time you "choose wisely" your pay off should far outsize he money you've risked. Reward and risk have a strong relationship, you need to play that relationship to your worry now to even have a chance for it to end in your favor later.
I remember when I first heard about bitcoin it was at $10. It was a lot harder to get into, to buy, and it seemed wicked crazy. But buying bitcoin now is perhaps more risky than it was back then. What is $10? Certainly money that could be risked and lost and forgotten about. $250 seems like a much more risky proposition.
This guy shows a very responsive topic. I like it very much.
Yeah, I like it too.
But here's the thing though, and I know most people on this forum don't like to talk about alternatives to bitcoin... but there are a lot of up and coming coins out there that pose true benefits, and "threatens" bitcoin in a way because of how different it is in general. So what I'm saying, there is still time to become an early investor into something else that will end up being the "Yin" to bitcoins "Yang".
I know Ethereum holds some credit to being a major blockchain database that might make it's way through Microsoft into being the "next big thing"... or you have the new cryptonote technology that serves as being completely anonymous and impossible to tell where the money is coming from and how much is being sent. Out of all the cryptonotes I've come across, Monero seemed to be the most fair.
But, again... it might become nothing and fall completely flat on it's face. It's easy to look back in the past and gone, "Oh god, how was I so stupid not to buy a shit load of this stuff when it was a couple of a dollars", but if you have that inherent feeling of self doubt when reading the above paragraph about altcoins might breaking through (especially with all the debates not being solved in the bitcoin dev space), then you can kind of see how it felt back in 2010 when people where really trying to figure out if it was worth it to put in $50 or so for 5-10 coins and see what happens with it.
Cryptocurrency is an
experimental currency and is no sure fire bet to get you rich... but the way that I see things, it just makes sense that there will be different forms of it in the future that serve different purposes; just like there are different banks that are known for having good brokers, to other banks that have a high interest rate on your savings account that might seem beneficial to keep your money there for a long period of time, and then you have other banks that are more popular because they are more widespread and have banks in every city.