How foolish are people who invest in Bitcoin?

[bokis14]

We have seen several pump cycles and previous discharges, so this is not new, I think if the last block is not mined, there is a possibility that the price will still go up. I see the potential for very large bitcoin benefits. Many people try to invest in bitcoin and I find that. I'm sure the future bitcoin will grow more and invest in bitcoin is the right choice.

[Washball]

There are many foolish people who invest in Bitcoin, some   lose and some make lots of profits. Like investor Cai Wensheng from China. In January he had only 1 Bitcoin, but he planned to buy 10.000 bitcoins. So when the price started dropping in February he bought his bitcoins, which are now approximately $96 million. How foolish can you be to invest more than $60 million in Bitcoin and now have a profit of at least $30 million.

[senne]

if they invest everything they have in bitcoin, quite foolish, but if there is just a side money you would like to make profit out of, completely logical.

That is a misconception in your part. Maybe you are just so afraid to invest in bitcoin that is why you are like that. But I will told you that many people are so powerful and victorious nowadays because they invest in bitcoin. They are now popular and millionaires because of bitcoin. Try not to think negatively against bitcoin and I assure you will prosper and have more profits.

For me investing in bitcoin is not being an act of foolishness. Those people who joined and invest in bitcoin have goals and mindset to have an additional earnings and have a good means of wealth. Maybe investing an amount which you can afford to lose is not too much. Before joining into something someone needs to self studtmy and make a research so you will have no doubt whem you're already involved.

I would rather invest in Bitcoin and Altcoins then anything else. It is a great opportunity to earn money. Even when it all goes to steady water in 10, 20 years we will see the growth of the market. Fiat market is constantly growing (with inflation), why this can't happen with crypto too?

Please guys, spare few seconds to read what OP has to say about the subject. Don't blindly start typing without reading what actually OP asks for. I was also shocked upon reading the title and but when I read the details, I totally understand the point as this thread was created when Bitcoin was all time high and definitely not the best time to invest. That's why it is described foolish act to invest in Bitcoin but here many users are just blinding reading the subject and have started typing totally in-approximate replies.

[Udrujec]

It's good that we can choose whether to invest in bitcoin or not. If you do not believe it or just think it is a fraud - just do not buy cryptocurrency. It's simple.

[bitcub]

I hated you the time I read this post wayback last December lols. Now I dont know if I am going to say thanks. Because you make me believe from some of your points that Bitcoin is going to crash. But I do believe that Bitcoin is not yet done with the bull run. We can see Bitcoin under six figure $100k.

How many idiots who decided to invest in bitcoin!!!!!!!

It is necessary not to watch as he grows from 15000 to 17000. This is a visual illusion.
And as it grows from 1.5 to 1.7.....

In recent days printed 180 million tether and still no big growth....
Lending on the stock exchange came to a billion dollars.
The credit rate on the day was a record and more than the 0.103%.

This means that the market has reached its peak. The price of cryptocurrency maximum.
This is the moment when you have to sell everything.

So began a process of growth needs the infusion of more money.... They're gone.

I think the joy of endless growth to an end this weekend.

Nothing in this world is eternal and permanent.....
And rising prices of bitcoin are not eternal.... all ends already.....

[Dondisimo]

Maybe we, investors in cryptocurrency, and stupid, but nevertheless, we are already making money with bitcoin and this is not an illusion. At any time you can sell coins and get your profit.

[onnz423]

Oh look, it's one of these idiots claiming that the bubble has popped and we're all about to lose our money. All that is missing is the part where you say you sold out at the top and took a good profit. The people who invested at the beginning of 2016 and received 300% profit a year later are fools.... The ones who invested in 2017 and saw a 1000% profit a year later are also fools. Have you ever thought that maybe you're the fool for missing out?

[Urbinklin]

You should not think that bitcoin has nowhere else to develop. It is only at the beginning of its journey and the price will rise much more than it was.

[kache2018]

That is your opinion, however, what I can say is that we bitcoin investors are not foolish enough to put our money in it. We believe in its success and you cannot take it away from us.

[buahkudu]

how foolish people invest in bitcoin can not be sure, because the value of bitcoin is quite difficult to guess, whether bitcoin will rise or fall in the future

[Leyss]

How many idiots who decided to invest in bitcoin!!!!!!!

It is necessary not to watch as he grows from 15000 to 17000. This is a visual illusion.
And as it grows from 1.5 to 1.7.....

In recent days printed 180 million tether and still no big growth....
Lending on the stock exchange came to a billion dollars.
The credit rate on the day was a record and more than the 0.103%.

This means that the market has reached its peak. The price of cryptocurrency maximum.
This is the moment when you have to sell everything.

So began a process of growth needs the infusion of more money.... They're gone.

I think the joy of endless growth to an end this weekend.

Nothing in this world is eternal and permanent.....
And rising prices of bitcoin are not eternal.... all ends already.....

This justification was revealed by the prophetic. After several days of growth, bitcoin fell sharply up to 6,000 dollars. The consequences of this fall we feel to this day. Yes, you need to be able to stop in time. Indeed, this case shows that the best way to earn money in bitcoin is not its usual retention, but periodic sale at a temporary peak of value and then buying at a price drop. True, do this not with the whole amount, but in parts.

[gabmen]

How many idiots who decided to invest in bitcoin!!!!!!!

It is necessary not to watch as he grows from 15000 to 17000. This is a visual illusion.
And as it grows from 1.5 to 1.7.....

In recent days printed 180 million tether and still no big growth....
Lending on the stock exchange came to a billion dollars.
The credit rate on the day was a record and more than the 0.103%.

This means that the market has reached its peak. The price of cryptocurrency maximum.
This is the moment when you have to sell everything.

So began a process of growth needs the infusion of more money.... They're gone.

I think the joy of endless growth to an end this weekend.

Nothing in this world is eternal and permanent.....
And rising prices of bitcoin are not eternal.... all ends already.....

This justification was revealed by the prophetic. After several days of growth, bitcoin fell sharply up to 6,000 dollars. The consequences of this fall we feel to this day. Yes, you need to be able to stop in time. Indeed, this case shows that the best way to earn money in bitcoin is not its usual retention, but periodic sale at a temporary peak of value and then buying at a price drop. True, do this not with the whole amount, but in parts.

That may work for the both of you but i don't think your assumptions about keeping btc as foolish is accurate. Yeah it went down to 6k but anyone who has a sound analogy can expect a price drop that huge after surging to almost 20k in weeks. I don't know about you but the technology backing btc will continue and it will just continue to grow whether you accept it or not

[weakhandsgaming]

Wow. I see a close minded individual. Maybe you're someone who buy bitcoin at $20k and tell that bitcoin is a scam. This is an investment. You should be responsible with your own actions.

[PilosopongTacio]

How many idiots who decided to invest in bitcoin!!!!!!!

It is necessary not to watch as he grows from 15000 to 17000. This is a visual illusion.
And as it grows from 1.5 to 1.7.....

In recent days printed 180 million tether and still no big growth....
Lending on the stock exchange came to a billion dollars.
The credit rate on the day was a record and more than the 0.103%.

This means that the market has reached its peak. The price of cryptocurrency maximum.
This is the moment when you have to sell everything.

So began a process of growth needs the infusion of more money.... They're gone.

I think the joy of endless growth to an end this weekend.

Nothing in this world is eternal and permanent.....
And rising prices of bitcoin are not eternal.... all ends already.....

Why post such negativity that might discourage other people from investing here in bitcoin. The problem with people like you is you only think about yourself and you dont want other people to succeed. naming them foolish and idiot, people are not obligated to tell you what they should do with their money. If they lose their money because they got scammed its their decision not yours.

[hot_ads]

Now the price of BTC is very low, will you still buy it? Investment is long-term, not just short-term gains.

[godfredmanu]

I wonder who merited you for this post. I guess is a multiple account that you have merited yourself. How do you term investors in bitcoin as foolish because of the decision he or she took according to his trading decision and his sentiment about the market. NO body foolish to invest in bitcoin, crypto in general, it must be for a purpose.

[MMA]

as long as bitcoin has not reached the limit for mining, I am sure bitcoin prices will continue to rise. and when the mining has reached the limit of 21 million bitcoin and the demand for increasing prices is also higher

Bitcoin price is expecting to continue increasing from time to time and it will continue to increase for a long time, in fact there are too many reasons for that, bitcoin is in fact still not too much popular everywhere, still majority of people have to adopt bitcoin and start using it for different purposes. Therefore i think that we can expect that bitcoin price will continue increasing for a long long time.

[DoublerHunter]

I don't think that they are foolish because if they are foolish then they already made a lot of loss out from their investment but that is not what is happening because the bitcoin is really doing well and the only foolish thing that is valid to call you if you put your life savings in bitcoin with the belief that it will go up really fast and it will double your money like within a week.

[gordeevaverona]

It's hard to call people stupid who decided to invest in bitcoin, I would say on the contrary that people who do not invest in the crypto currency and do not want to open up new opportunities for earnings and improve their standard of living

[Daniel91]

How many idiots who decided to invest in bitcoin!!!!!!!

It is necessary not to watch as he grows from 15000 to 17000. This is a visual illusion.
And as it grows from 1.5 to 1.7.....

In recent days printed 180 million tether and still no big growth....
Lending on the stock exchange came to a billion dollars.
The credit rate on the day was a record and more than the 0.103%.

This means that the market has reached its peak. The price of cryptocurrency maximum.
This is the moment when you have to sell everything.

So began a process of growth needs the infusion of more money.... They're gone.

I think the joy of endless growth to an end this weekend.

Nothing in this world is eternal and permanent.....
And rising prices of bitcoin are not eternal.... all ends already.....

Please allow people to think by themselves.
Btc price is determined by supply and demand only.
If more people wants to buy, btc price go up.
If more people wants to sell, btc price go down.
It's very simple market rule, no mystery here.
I agree that nothing is eternal but bitcoin is still in demand, some shops are accepting btc, we have btc debit cards, btc ATM etc.
Also, bitcoin is main entry point for people interesting in crypto currencies.
So, from this facts, I believe that bitcoin still have potential to grow.
Please show respect to others and accept their business decision.