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Anonymous
Anonymous asked in Business & FinanceInvesting · 2 months ago

I feel bad about not investing in Bitcoin when it was cheap?

Update:

Do you feel bad about missing out on that too?

how do I feel better?

9 Answers

Relevance
  • 2 months ago

    I wouldn't invest in the mark of the beast no matter how you put it

  • Who
    Lv 7
    2 months ago

     Its a "bubble" which one day will burst

    If you get your money out before it bursts you are lucky and could be rich

    If you dont then its goodbye money

    You any idea when it will burst?

    (have a read of the "tulip bubble" in Holland (think it was the 17th century)

    THEN the value of a single tulip bulb was enough to buy a huge mansion with land + lifestock + furniture

     The bubble got bigger and bigger until it was realised a tulip was just a type of onion and so were its bulbs

      the market crashed

    Bitcoin etc is a bit like "pass the parcel"

    the parcel is just sold to the next buyer at an increased price who then sells it on to the next person at an even higher price

    This goes on and on - every seller making more and more money ONLY so long as there is a buyer willing to pay the price

     the crash comes when nobody can afford to pay the price so the last buyer can be stuck with a HUGE loss

    the CATCH is- making sure you aint that last buyer when you dont know when the crash will come.

    (p.s.

     Noticed how many posts or adverts there are talking up the value of "investing" in bitcoin?

    THIS it to get the suckers rolling in to BE the next buyers and drag in MORE money - maybe so the people writing the posts and setting up the adverts can get out with THEIR money

  • Anonymous
    2 months ago

    FOMO will break you. Focus on finding the next good investment. 

  • Steve
    Lv 6
    2 months ago

    I dont. If you are going to hang on to regrets, investing is not for you.

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  • 2 months ago

    And what exactly do you mean by cheap? In my books, Bitcoin is functionally inferior to existing payment alternatives, is too unstable to even function as a currency, is  unregulated, wastes resources like electricity for Bitcoin mining, and is just lines of code at the end of the day. I'm just going to say that I don't get it like Tom Hanks did in the movie Big when someone showed him a transforming building action figure.

  • Anonymous
    2 months ago

    Go to Vegas. Take your life savings and bet it all on black.

  • Anonymous
    2 months ago

    Bitcoin and investing do not belong together. Its gambling.  I don't feel bad about it all.

  • 2 months ago

    I'd feel worse if I was one the person that threw away a couple hundred million in bitcoin (probably several hundred million now) or the guy who can't remember his password to a similar amount.

    Sure, we all wish we had bought it. Just like certain stocks in the stock market. But since I'm not a regular trader in stocks or crypto, I can't get upset about missing the big ones that hit.

    You just have to accept it an move one. Or you could buy it now and then you won't have missed out if it goes to $1 million (which some people predict) or it could go to zero because of major issues with it as a currency.

  • 2 months ago

    This isn't a question.

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