Ask HN: Aware of crypto since 2014 but never invested

#1

Post by raxrb » Sat, Aug 31, 2024, 6:32 PM UTC

I feel so dumb that I did not make any money in crypto. I've been aware of crypto since 2014, and I used to hang out in the forums of Bitcoin.

I know a few people in my area who are not into tech. They have no idea about the technology and are not very updated in tech, yet they invested in crypto and made some money.

Sometimes I feel that all this education reduces my risk-taking. I don't trust new things or people easily.

Re: Ask HN: Aware of crypto since 2014 but never invested

#2

Post by lobito14 » Sat, Aug 31, 2024, 6:48 PM UTC

Wait to invest when there's a big drop in price and when everyone is saying bad things about crypto. Better late than never.

Re: Ask HN: Aware of crypto since 2014 but never invested

#3

Post by cpach » Sat, Aug 31, 2024, 7:17 PM UTC

You don’t need cryptocurrencies. Index funds will also yield returns. As long as you have a reasonable investment horizon, the risks are (IMHO) low.

https://www.bogleheads.org/wiki/Getting_started

Re: Ask HN: Aware of crypto since 2014 but never invested

#4

Post by austin-cheney » Sat, Aug 31, 2024, 7:41 PM UTC

Crypto does not make money, which is why most people refuse to invest in it. Investing in crypto is a game of finding someone gullible enough to buy your shares from you for more than you bought them for, but there will never be earnings or dividends to qualify their value.

Re: Ask HN: Aware of crypto since 2014 but never invested

#5

Post by 3np » Sat, Aug 31, 2024, 8:10 PM UTC

...What is the question?