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It's true that by buying bitcoin you're basically rewarding someone for having been there before you. So maybe you need to ask yourself if you want to do that.
by lottin 5y ago
It's true that by buying bitcoin you're basically rewarding someone for having been there before you. So maybe you need to ask yourself if you want to do that. Do I want to reward some moron who has contributed nothing to society just because he was there before me? That's the question everybody should be asking.
- ecmascript 5y ago> That's the question everybody should be asking. Yes I agree, but at the same time it is also true that you could be that guy. If Bitcoin turns out to actually be used in the wild in the long term, for asset storage or otherwise, you will be the one missing out. Basically, Bitcoin and other crypto investment right now is all about FOMO. If it's gonna be important for many people in the future the valuation that it has now is nothing and could easily double many times. I have just a tiny amount in bitcoin and eth to be frank. I am not sure I believe in the crypto space or not and so far I have missed a great opportunity because I was being too negative. Honestly, stock investments is basically the same thing. If you invest early, you may get a big reward but the risk is greater that it won't amount to anything. The same is true for crypto.
- pcthrowaway 5y agoThis could be even more aptly applied to real estate though, no?
- lottin 5y agoGenerally, no, it couldn't, unless you're buying a house for the only purpose of selling it later for a profit.