How foolish are people who invest in Bitcoin?

[Alifal]

Many people are trying to invest in bitcoin and I find that they also make a lot of profit from it. I believe the future bitcoin will grow more and invest in bitcoin is absolutely the right choice. i think that when more firms enter,it would get even more exposure and hence more demand resulting in price increase. so bitcoin invest is not foolish

[Slayer21]

Investing in bitcoin is not a wrong choice, it's not a stupid choice. Actually, it's a good choice. Investors are increasing because they want to get more money than before. They want to earn extra income.

[Legwist]

I think it's cruel to say it, because everyone has his own expressed opinions. And it's only natural when there's that accept bitcoin and some were not. bitcoin is one option for investment from a wide range of investments in the world. Bitcoin itself since it's created is already helping many people in the financial field. And to choose where we invest depends on each of us.

[kenzruiz]

I partly agree with you. It's foolish to buy BTC now. But it was a good investment even a few months ago. I jumped up dramatically and now stays between $16-18k. So now it's wiser to invest in altcoins like Ethereum and others. They cost less, so more people can afford it, also the growth rate is better than BTC's.

I disagrre, because in our world there are luck and bad luck that exist. In terms of investing bitcoin you have to make a right decision to become succesfull. You need to think before you invest. Coduct a wise strategy to help you become success in the end.

[coinpool_de]

You’re right when you said nothing in this world is eternal and permanent. This is something to everyone should understand before deciding to invest in btc. And it’s not a bad thing, it’s totally normal. Crypto market is volatile and everyone should enter their own risk when they wanna invest. It’s simple.

[AnnaJames12]

Do not say it is stupid, investing in Bitcoin is no different than investing in gold or dollars or playing securities. However, the electronic money market in general and Bitcoin, in particular, is a new investment trend and of course, if you pick up the trend then the opportunity to make money is always wider when it is saturated as evidence. There is a huge potential risk, of course, of any market so high profits are always accompanied by high risk, you should determine this from the beginning. Currently, I have sold the bitcoin clean and had the profit that bitcoin brings.

[DavidSalomon]

There is nothing foolishness to invest in bitcoin because it will grow again but may be you guys don't have the power to predict or you always want to play by staying in the safe zone.

[CeyCrypteon]

They are not foolish at all they are brave because this is a potential investment option which happened to have after a long time in the world before Bitcoin the world had only few investment options to investors last couple of years like real estates, share market, forex, gold and other with low profit margins but now anyone can become rich quickly by investing at crypto market     

[ggg123]

You are so right about saying that nothing is permanent and eternal. But bitcoin helped many people to change their life, that’s a fact. And other people wanna give them a chance. This doesn’t make them a fool. I don’t understand why people always attacking to bitcoin. Everyone enters their own risk so why this makes them a fool? The world is chancing, let’s be more open minded about new things.

[xysheeh03]

We can not say they are foolish, perhaps they has an initiative that they want to earn out of business such as buy and sell of bitcoins in the market. And even trading it on market. Idoit ones are those who judge them easily without a good sense, we should remember that they do business, not an illegal thing.

[needtor22]

I don't think that investing in bitcoin is a stupid investment, for us to believe that investing in bitcoin is a positive investment in the way we make a lot of money, so we also believe investing in bitcoin is also good for us to last a long time.

[jrd2828]

How could say it foolish? Investing bitcoin is worth it. You just meant it because bitcoin now slowly falling down, but if you are patience investor, well you will never regret it. Well investing bitcoin is not easy should I say it is risky. If you are not a risk taker , then you are not deserve to be part of world of bitcoin.

[Pan Troglodytes]

You're wrong.The issue of bitcoins is limited.This asset is currently less risky than other cryptocurrencies.People want fast money and they can't get away with it.

Maybe for a cryptocurrency Bitcoin is relatively safe, I agree. But still, this is overall (if compared to other assets, and I have gold in mind here) very risky. But also offering great profits. There are no profit possibilities without any risk.

[Slayer21]

We can not say they are foolish, perhaps they has an initiative that they want to earn out of business such as buy and sell of bitcoins in the market. And even trading it on market.

[Rockernewf]

Investing is not foolish I think, foolish is not knowing what you invest in and borrowing money to trade.

[johnwest]

As the OP is discussing from a different time frame, when the price hit its peak, lots of things changed after that and we may see those days again in the future. That might be the peak value for cryptocurrencies.

[Dopedealer]

These days in the UK I can make instant and free payments with fiat. I don't need bitcoin for that, I need bitcoin for sovereignty over my money.

[burky156]

The foolish people are who invested bitcoin after big raise. Think about if you bought bitcoin from $20.000!! I would kill myself i guess:) In all the business this happens. Something goes well and people make money from it, a sweet business, and everyone starts to know about it and everyone invest it.. And the falls begin that time. So you should be early investor in any kind of business, otherwise you loose..

[bajingluncat]

this sounds like the words of a desperate person, it's true that there is nothing eternal in this world but I believe btc will still last even longer, who says that people who join btc are stupid? although most do look like dreamers but still they use their mind and logic in making every decision, if they are stupid, btc won't last all this time and no one will benefit from it but in reality many examples of people who change their lives for the better with btc, so stop complaining and say everything will end it just aggravates the atmosphere and is useless, we are not fools here and will not accept being said to be fools

[Malamok101]

I did not regret myself when I bought a bitcoin because in the future the price would increase as much as the bitcoin in the early hours.