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by imtringued
1258 days ago
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I don't get it. I didn't have ten thousands of dollars lying around that I could have invested in 2014 when the hype started but the price was still low. I was in highschool. My mom told me she wanted to invest in Bitcoin at the $20k price point in 2017. Bitcoin is below that now. What Bitcoin does is reward people who have excess money lying around and who can take the loss. Any person who actually needs their money can't invest into something like that. |
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Neither did I, nor would I invest so much. $50 would have given you $5000.
> Any person who actually needs their money can't invest into something like that.
The trick is to keep high-risk investments very low. Let's say you have some money you are saving up. You could invest 1% of that in a high risk thing such as crypto. When it goes to zero, you only lose 1%. However, when it does the bitcoin thing and goes x100, you just doubled your total savings.
I agree that when you are in highschool and put $20 or $50 in that, it's a gamble.
But just to be clear, I have nothing against people not investing in crypto. I have a problem with all the people here that seem very resentful and just hope to see everyone in that space lose money.