You are not late, not really. I mean the easy 100x's are gone but those didn't look easy at the time. If you bought bitcoin at $1, you probably would have sold at $10 and not gotten back in until now. I think I'm a minority. I only invest in stuff that I am prepared to hold for 4-5 years. It's been 3 years and I'm up around 11x. 😃 I don't think this bull market is over either though I don't think it's going to move for a few months at least. All anyone has are educated guesses though. Be happy with a 10x in 5 years ;-P Which I think is still easy.
You are viewing a single comment's thread from:
Yeah, I think people who say "omg that guy who bought a pizza with 50 (or however) Bitcoin must feel dumb now!" but realistically who the hell would think "oh yeah, this is going to be one of the most valuable commodities, I'm gonna hold on to it for 10+ years"?
I found an old chat with friends where one asked if another bought any Bitcoin - the other say "no way, 1000$ is too much" :) Nowadays we'd be overjoyed for such prices
Anyway, let's see where this crazy train ride takes us! I feel like the price would have to stagnate at some point, but this is more me thinking of the practicality of having an asset worth say, a million -
I dunno, speculating will probably do more harm than good at this point. I'm investing sums I can afford, and hoping that the passive income (in crypto) will boost revenue even more. Maybe I'm putting too much weight on the passive %, but it seems like such a no-brainer to me right now.
Good call. I just earned my crypto for 2 years until we were knees deep in the bear market and I knew enough to see that it would likely recover. At that exact time some old savings that I hadn't in years suddenly became available to me, so I bought in. We just do what we can. If you can 2x in a few years, that's already not bad. Just stay away from the crazy stuff if you don't want to make any big gambles