This fictitious diary follows the journey of a would-be Bitcoin investor. The dates and prices, however, are based on facts. Can you place yourself as the writer of any of these entries?
January 2, 2013
Bitcoin. What's this? Decentralized digital currency. $13 each. These people are dreamers. This won't amount to anything. I think I'll go out for lunch.
November 29, 2013
Bitcoin rises to $1,100. You've got to be kidding. No way. When I first heard of them earlier this year they were just $13. I wish I'd bought some then. Oh well, too late now, that ship has sailed.
January 20, 2015
Bitcoin slumps. Now valued at little more than $200. Just as well I didn't decide to buy back in late 2013 when it was $1,100. It's still a shame I didn't get in at $13 and sell at the peak. The one that got away. Too risky to buy now. No point wasting money on something that will probably go to zero.
May 22, 2017
Bitcoin soars past $2,000. Noooooo! I had a second chance and I missed it. I could have made 10x in little more than two years. If only I'd bought at $200. It's way too expensive to buy in now.
August 15 2017
Bitcoin smashes the $4,000 mark. What! Double in less than three months. Oh, but it was so expensive. Who knew that this was going to happen?! No way I can play at 4k. What if it crashes? That's a huge amount of money to lose, even for one lousy Bitcoin.
October 15 2017
Bitcoin continues its climb to more than $5,500. This is unbelievable! Another $1,500 in just two months. What was I supposed to do though? I couldn't risk it at that price and I certainly can't now. It's all happening too fast. It's got to be a bubble.
November 4 2017
Bitcoin skyrockets to another all time high. $7,250. Wow! This has reached the point of insanity. Sure, it's easy in hindsight to say that I could have made nearly $2,000 a coin profit in less than a month. In reality it was too big of a risk. It would have crashed for sure if I'd been a buyer. And now, well, Bitcoin is the realm of the rich for sure. That's life I suppose.
Sometime in the future
Wall Street moves big money into Bitcoin. This tsunami of funds has seen the price go ...
If only I'd ...
Please note that while investing in Bitcoin has been profitable for many, you should only ever invest what you can afford to lose.
This article, A Diary of Excuses for Not Buying Bitcoin: Could this be Yours?, was first published on 11/04/2017 at BitcoinToTheMoon.com