Lack of tunnel vision bias. The 1k ATH will look like a tiny drop in the sea in the next decade or two. This is a hint in how Bitcoinwisdom will look like in the future:
We are in the "stable low price where everyone ignores the elephant in the room for years" phase.
Pick up the easy fruits now or cry later.
We are in the "stable low price where everyone ignores the elephant in the room for years" phase.
Pick up the easy fruits now or cry later.
You see that bump around 1990, that will be 2013 in 2030
.Indeed. I remember back in the day how all those big ass companies crashed and people said it was over. Well it turns out 20 years later anyone still holding those shares would be multi millionaires by now, but guess what, only a very small % of people go to the end with their investments, that's why naturally you end up with few people being rich. All or nothing with Bitcoin is the only way to go.
Well, I agree sort of. All or nothing isn't the way to go. Just like any investment you never want all of your currency in one place, it is just not a good idea. If it does crash, you are broke, however if you can put what you can afford into Bitcoins it isn't that bad of an idea, if it does balloon like a couple years ago, you are looking at roughly 1,000 per coin profit. 10 coins would be 10,000 dollars, so on and so forth.
