How many times we will make the same mistake? - History repeats Again & Again!

[benalexis12]

As far as I know, many institutional investors in gold are already pulling out their capital investments here to switch to Bitcoin investments. This is what I know since the SEC US approved the bitcoin spot ETF.

Which, for me, is no longer surprising because institutional investors now find it easy for them to buy Bitcoin from their usual way of putting their capital, to be honest.
Although I am not saying that all Gold investors are transferring their capital into it, of course not. It's just like some of them only.

[alankasman]

When the market price of Bitcoin increases, gold investors also benefit because the price of gold per gram also increases.
Many speculators will analyze the current market traffic until they come to the conclusion that Bitcoin is better than gold and that profits can be returned more quickly on Bitcoin than gold.

[Natsuu]

Stories comparing investing in bitcoin to investing in gold and real estate are discussed every day. That's because we've all seen how bitcoin prices skyrocketed in the past, but give us a chance to go back 10 years and we knew nothing about it. I bet you that you or I or everyone here will not dare to invest in bitcoin and we will choose gold or real estate.

Furthermore, as some others have said, what happened in the past doesn't mean it will happen again in the future. The future is unpredictable and we also won't know what will happen to bitcoin in 2034. Therefore, claiming that investing in bitcoin will bring better results than gold or real estate after 10 years is not convincing.

You see, investing is a rollercoaster and looking back it's easy to wish we'd bet big on Bitcoin. But predicting what comes next is like reading tea leaves. Sure Bitcoin boomed but past success isn't a crystal ball. I mean spreading your bets across things like gold, real estate and crypto helps soften the blows. Each has its own quirks and potential wins. It's a wild ride and nobody's got a foolproof roadmap

[lovesmayfamilis]

Russians have a proverb: if grandmother had a mustache, she would be grandfather.
What do the words “if we invested” mean? There are many people who regret mistakes, and there are plenty of them among us. But can we guess what tomorrow has in store for us? There is a simple solution; today we are more competent, and there is no need to doubt what has been proven many times. But again, we invest according to our capabilities; there is no need to deprive ourselves of health and normal life for the sake of tomorrow coming in ten years. This desired tomorrow may not come while we save on everything. Invest with understanding, and do not regret the milk that has already been spilled.

[LesterD]

To see the clear picture and get helpful answers, I suggest to put on the other side a list of unsuccessful investments. OP has mentioned gold, bitcoin and property investments, showed how $1000 turned into hundred thousands. I havent googled much, but offhand I can name Twitter purchase. Suppose you have invested in Twitter. During two last years the value of your investment has decreased. Found list of unsuccessful investment. HP have bought Autonomy and face multimillion value loss of a company they have just purchased.

So OP, when asking why people make mistakes and did not invest on early stage, think about all the unsuccessful investments people made. Because I feel like ration of successful: unsuccessful early investments are greatly below 1.

Indeed, many investors are hesitant to invest until they see results, this might be due to their past experiences with unsuccessful investments. Only a few individuals are willing to take the risk, usually those who have the courage and were fortunate enough to invest early on.

[Zoomic]

Stories comparing investing in bitcoin to investing in gold and real estate are discussed every day. That's because we've all seen how bitcoin prices skyrocketed in the past, but give us a chance to go back 10 years and we knew nothing about it. I bet you that you or I or everyone here will not dare to invest in bitcoin and we will choose gold or real estate.

Furthermore, as some others have said, what happened in the past doesn't mean it will happen again in the future. The future is unpredictable and we also won't know what will happen to bitcoin in 2034. Therefore, claiming that investing in bitcoin will bring better results than gold or real estate after 10 years is not convincing.

You see, investing is a rollercoaster and looking back it's easy to wish we'd bet big on Bitcoin. But predicting what comes next is like reading tea leaves. Sure Bitcoin boomed but past success isn't a crystal ball. I mean spreading your bets across things like gold, real estate and crypto helps soften the blows. Each has its own quirks and potential wins. It's a wild ride and nobody's got a foolproof roadmap

Many people  years back who failed to invest in Bitcoin had this same mindset that Bitcoin price might not progress to the extent of competing with investments in gold and in real estates. Bitcoin then didn't seem like an investment that could change lives, who would have taken it seriously then?Now, the evidence is clear and everyone is entitled to go for what they are comfortable with but I am very certain that lots of people who ain't convinced yet about the wonders of Bitcoin now will come back in few years to come regretting why they didn't invest when the conditions for investing were still very fair.

Investment is all about taking risks, while you are anticipating Returns on your Investment, also anticipate loss. Some investments are not always attractive and convincing but we just have to take that risk.The most important thing is, we will be saving ourselves from unnecessary regrets for not investing if at the end the investment turns out well. I have chosen to stick to Bitcoin investment and I'm ready to take that risk.

[Forever101]

This is a nice discussion, I think there is a better way to doing this, acquiring bitcoins in bit by bit, that will help anyone to get as many as they can acquire in a matter of time. So it is not compulsory to invest $1000 at once when you don't have anything to fall back to.
I do really think , the price of bitcoins will keep going up due to its operating mechanism in as much as more people get into bitcoins and it's use case increases

[thecodebear]

Every four years there are always tons of people thinking about how they wish they had bought Bitcoin in the past. Some of them buy, most of them don't lol, and they keep missing out on the best wealth creation vehicle in the world.

[The Cryptovator]

Actually, everyone knows that those are familiar with Bitcoin and investing. Don't expect all the population of the world to invest in Bitcoin. Because a lot of people are not familiar with Bitcoin. However, we are taking lessons from the past, and that's the reason why the price of bitcoins skyrocket nowadays. That means new investors become interested in Bitcoin as well as old investors. A few people may not take lessons, but it will be a small percentage. Because those are introduced to cryptocurrency, they won't leave that. 

[Questat]

It is not a mistake, some people never see it as worth taking especially if they don't understand. So we don't expect that everyone will consider and take this opportunity because investing is just for risk-takers, many people are just prefer to just simply work. In fact, even though Bitcoin has become too popular now, we still see people ignoring this. It means that not all have interests and we can't force them, even in investing in gold and real estate, only a few have the courage.

 - knowledge and money -- these are the factors why people don't decide to invest.

[red4slash]

Sometimes the mistake occurs not because we are not able to accept the pressure when bitcoin is declining but instead occurs because when we are impatient when bitcoin is in a positive trend.
This happened to me who was not once in the previous few years so that even though I still made a profit in the investment I made but on the other hand it became not optimal because of my haste which was unable to resist the temptation to take advantage of what I had planted in the investment I made.
Honestly, things like this even though it is a regret but it can continue to repeat and we don't do it once because indeed the toughest temptation is apart from having to be patient when bitcoin is in a crash but on the other hand wanting to take advantage when bitcoin is bullish always becomes a situation that is very difficult to resist so that the plans we want to build, especially when we have set a limit where we want to sell, become a little disturbed.

[Sandra_hakeem]

... It's also worth noting that along the way in 10 years of hodling bitcoin, there's going to be times when you'll be tempted to sell because bitcoin despite it's volatile nature, growth can still be shown in years so you might not even be getting a full profit out of that in 10 years.

The volatility is the game - It's the whole essence of Bitcoin in existence.... If you wanna evade the bearish trend because your coin worth reduces everytime, then you won't stand the fact that inflation hits your country's economy from every single year.
Bitcoin isn't gonna move up the trend - maybe to a hundred thousand just very soon... It'll take years off of this period - especially since there's alot to fix in place. AFAIK, the more it sells off; the more global recognition it gets, the more it tends to increase in price.

[Hamza2424]

I think a reasonable approach to investing in Bitcoin lets say 1000 USD is :


The worst what can happen is that you lose the 1000 USD.

The best what can happen is that you make possibly 350 x profit = 350 000 USD

So maybe worth the risk to invest in Bitcoin...

Naah, it's not like that, Bitcoin still has super potential but the 350 figure on the current market valuation is not likely possible and it might not be possible even in the coming years as well. Having such expectations ahh is not likely a wise action.

TBH, on the current level where the market is already mature to the $T market capital with the growth in the coming timeline and more maturity it will stabilize the fundamentals and volatility, it was reported many times that with more and more distribution of coins among the community it will make bitcoin more reliable and less volatile, because now the power is getting diversified so the centralized actions which were causing a volatility in market will come to an elimination now except for the Black Swan events and community fuds.

[famososMuertos]

Yes, even today we can project large returns with bitcoin, but it is somewhat a bad habit of the community to aim for a large multiplier.  (hey, I love them too)

 A gain of +5% is a good return, but the point is that new bitcoin "investors" want wealth, and they forget about adoption, hey!, board bitcoin discussion here, Right?, If you enter with the idea of adoption you will have no problems with a 5% profit.

[EL MOHA]

I think a reasonable approach to investing in Bitcoin lets say 1000 USD is :


The worst what can happen is that you lose the 1000 USD.

The best what can happen is that you make possibly 350 x profit = 350 000 USD

So maybe worth the risk to invest in Bitcoin...

There is no disputing fact that bitcoin is the best in-terms of ROI but let’s roll this back how many people had trusted bitcoin in that past or believe it could go this far and generate this kind of returns, I will tell you they were few and even those few some got the bitcoin through faucets or other than. Even Michael Saylor himself was one of those who thought of it as a volatile currency that wouldn’t last this much. The few that actually invested part of them took profit when they saw it turn to $10k and only few actually left it that way, that’s why I always say respect to them early investors and long holders they paved the way with there patience.

Maybe 10 years from now in 2034 someone will be doing this same calculation, that 10 years ago in 2024 if we bought Bitcoin we would have made 34600% profit. At that time maybe the price of Bitcoin will rise at 8 digits! Maybe I won't be around then but Bitcoin will be fine.

In as much as bitcoin is forever increasing and we can only speculate its price currently I don’t see bitcoin giving out the returns it did In the past 15 years in its next 39 years because as we grow more the volatility rate of bitcoin is decreasing and the also as the market price increases, the volume needed to push it up increases also. A smaller volume like In the last won’t shift it now, more of the reason why low cap Altcoins move up quickly. So 300x is something that will take a much much longer time to arrive from now

[passwordnow]

Bitcoin was still on its infancy during that time and this comparison would certainly be in favor of Bitcoin. The traditional assets don't move like that as they're more established and there won't be that much fluctuation anymore except with the real estate. Going on with today's price of Bitcoin and going back to its after a decade, we may have a lesser gain but I think that Bitcoin is still going to be the winner by that time.

As time goes by for Bitcoin, the increase is decreasing and if you've noticed that. From all of the ATHs, you can count how many times it had grown from the former ATH that it has got. So, those that have got in too early like under 2014 were the luckiest but I don't think that many of them are still holding when you have made like 10x-20x, you'd probably sell and that's the main point why many have sold a lot in the past. But as about doing the same mistake again, I wouldn't make the same mistake as I did in the last bull run that even before it, I've sold terribly.

[AmoreJaz]

Bitcoin was still on its infancy during that time and this comparison would certainly be in favor of Bitcoin. The traditional assets don't move like that as they're more established and there won't be that much fluctuation anymore except with the real estate. Going on with today's price of Bitcoin and going back to its after a decade, we may have a lesser gain but I think that Bitcoin is still going to be the winner by that time.

As time goes by for Bitcoin, the increase is decreasing and if you've noticed that. From all of the ATHs, you can count how many times it had grown from the former ATH that it has got. So, those that have got in too early like under 2014 were the luckiest but I don't think that many of them are still holding when you have made like 10x-20x, you'd probably sell and that's the main point why many have sold a lot in the past. But as about doing the same mistake again, I wouldn't make the same mistake as I did in the last bull run that even before it, I've sold terribly.

We can't judge people who sold early because we have our own needs. Lucky for you if you have other means to sustain your living. But if you are relying from the profits that you can make out of this market, the likelihood that you will sell of is always there. So it is not about your belief on this market but sometimes it is your financial capability to hold your assets.

[Assface16678]

It is not a mistake, some people never see it as worth taking especially if they don't understand. So we don't expect that everyone will consider and take this opportunity because investing is just for risk-takers, many people are just prefer to just simply work. In fact, even though Bitcoin has become too popular now, we still see people ignoring this. It means that not all have interests and we can't force them, even in investing in gold and real estate, only a few have the courage.

 - knowledge and money -- these are the factors why people don't decide to invest.

Well, bitcoin is not for all people, I guess. No matter how popular or loud bitcoin's name, if the person doesn't have a slight idea about what bitcoin is or how you will earn bitcoin, they will never engage in that, or even if they engage in or start investing in bitcoin, if they stamble once, they will quit immediately. That's the common mistake of those beginners in trading, but we can't blame them as it is scary for a newbie to experience losing in their first experience in bitcoin investment. So the practical way is that those newbies should have a guide or even a trainer for them to efficiently invest in bitcoin, but of course it will take some expenses. The only thing that matters is how a newbie in bitcoin can cope with and adopt it; they should be the ones that will make themselves grow in bitcoin in order to earn on it. But if someone has the idea or knowledge of bitcoin but is still missing the opportunity to invest in it, then it's their loss for not taking the risk.

[wallet4bitcoin]

I wouldn't say mistake though, some people just don't really like the idea of risking in bitcoin, remember that bitcoin is a volatile investment, much more so than gold and real estate so it really does make a difference why some people still have some doubts. It's also worth noting that along the way in 10 years of hodling bitcoin, there's going to be times when you'll be tempted to sell because bitcoin despite it's volatile nature, growth can still be shown in years so you might not even be getting a full profit out of that in 10 years.

I don't consider it a mistake. Lets face facts, the end point of all of these is to earn a living and have a family that is somewhat comfortable. So if you say you want to invest in real estate more than gold or Bitcoin, its an option of choice and what you actually need from the financial market. Some people only need to have  one hundred thousand dollars in their accounts and not any more while some like Musk prefers to have a billion or even a trillion, their investment ideas and expectations are entirely not the same.

If one invests in Bitcoin and sees the need to sell off to solve a challenge, I don't see no big deal in it

[passwordnow]

Bitcoin was still on its infancy during that time and this comparison would certainly be in favor of Bitcoin. The traditional assets don't move like that as they're more established and there won't be that much fluctuation anymore except with the real estate. Going on with today's price of Bitcoin and going back to its after a decade, we may have a lesser gain but I think that Bitcoin is still going to be the winner by that time.

As time goes by for Bitcoin, the increase is decreasing and if you've noticed that. From all of the ATHs, you can count how many times it had grown from the former ATH that it has got. So, those that have got in too early like under 2014 were the luckiest but I don't think that many of them are still holding when you have made like 10x-20x, you'd probably sell and that's the main point why many have sold a lot in the past. But as about doing the same mistake again, I wouldn't make the same mistake as I did in the last bull run that even before it, I've sold terribly.

We can't judge people who sold early because we have our own needs. Lucky for you if you have other means to sustain your living. But if you are relying from the profits that you can make out of this market, the likelihood that you will sell of is always there. So it is not about your belief on this market but sometimes it is your financial capability to hold your assets.

Yeah, I am not judging them but I have my shortcomings as well. I've sold a lot during the early days and it's because of the life situation that I have to deal with and I have encountered. And that's why I understand those that have managed to sell too early. I was just saying that if ever there have been early adopters, many of them probably sold a lot and that's why kudos to those that have diamond hands. Even if they've sold handful of it, they're still holding a lot of it.

And from the market that goes on up to this point and with the upcoming years, they're already in profit no matter what happens to bitcoin because they've bought it at a very discounted price and that's the reward that they deserve for believing to Bitcoin at an early stage when majority of the people don't and haven't heard it yet back then.