21–30 of 86 posts
A good counter to "I could have made $X bazillion if I'd gotten into Y thing at Z time" is to remember that you could have doubled your money at the horse track yesterday by betting on the right horse at the right time. So the only question is: what's different between Y thing and horse betting? Did you have enough information at Z time to know you should have invested? Or are you just wishing you could have predicte…
A good counter to "I could have made $X bazillion if I'd gotten into Y thing at Z time" is to remember that you could have doubled your money at the horse track yesterday by betting on the right horse at the right time. So the only question is: what's different between Y thing and horse betting? Did you have enough information at Z time to know you should have invested? Or are you just wishing you could have predicte…
But “better judgement” said that it’s a currency it shouldn’t appreciate so why bother unless you want to actually use it?
So if there’s regret it’s because many of us feel almost penalized for applying better judgement. It’s like you’re rewarded for stupidity. Not a single person I know and actually respect invested in crypto, and half brained idiots I know have become millionaires. So yeah this is not like horse betting.
A good counter to "I could have made $X bazillion if I'd gotten into Y thing at Z time" is to remember that you could have doubled your money at the horse track yesterday by betting on the right horse at the right time. So the only question is: what's different between Y thing and horse betting? Did you have enough information at Z time to know you should have invested? Or are you just wishing you could have predicte…
Ive heard conflicting viewpoints on the current crypto crash. Some say that this is different than the rest, and that crypto has already reached it’s all time max, whereas others say that this is just another pullback before an even larger bull run. With crypto, it is so hard to know what it’s actual value should be, since unlike a stock there are no earnings and thus you can’t look at the P/E ratio to determine its…
Ive heard conflicting viewpoints on the current crypto crash. Some say that this is different than the rest, and that crypto has already reached it’s all time max, whereas others say that this is just another pullback before an even larger bull run. With crypto, it is so hard to know what it’s actual value should be, since unlike a stock there are no earnings and thus you can’t look at the P/E ratio to determine its…
Your second part there gives a very good hint to your problem in the first part. Of course, in some sense there is some value in facilitating child porn and other illegal activities and some value in burning fossil fuels for mining (the value may be positive or negative). I am still pretty confident that if you just round "actual value" to zero - and use the possible error to keep you away from shorting the market - that is in the long run the valuation that gives you the best quality of life.
A good counter to "I could have made $X bazillion if I'd gotten into Y thing at Z time" is to remember that you could have doubled your money at the horse track yesterday by betting on the right horse at the right time. So the only question is: what's different between Y thing and horse betting? Did you have enough information at Z time to know you should have invested? Or are you just wishing you could have predicte…
The issue is that many of us WeRE present and actively monitoring crypto. Heck I even tried to mine bitcoin back when you had a chance to mine one in your own gpu. I even thought maybe I’ll buy a coin or two; it’s only 20 bucks each! But “better judgement” said that it’s a currency it shouldn’t appreciate so why bother unless you want to actually use it? So if there’s regret it’s because many of us feel almost penali…
I don’t know any millionaires from crypto. I know people who are loud when market is up and very silent when it’s down. May be they were millionaires on paper at some point. Highly doubt they sold everything at the right time and became actual millionnaire. But sure, it did happen for many.
Even with god-tier timing, I would have had to invest an extremely reckless amount of savings (at the time) to make anything serious, so this calculator actually puts some of my FOMO to rest.
A good counter to "I could have made $X bazillion if I'd gotten into Y thing at Z time" is to remember that you could have doubled your money at the horse track yesterday by betting on the right horse at the right time. So the only question is: what's different between Y thing and horse betting? Did you have enough information at Z time to know you should have invested? Or are you just wishing you could have predicte…
YES, I knew about Bitcoin a couple of years before I invested in it.
YES, I could have made a significant return during that time.
YES, I should have investigated it further at that time, instead of focussing on other things.
YES, I made a risk/return analysis at that time, and felt that the risk of investing was too high, even if I didn't do my due diligence.
Everyone, at every time makes a decision to either invest or not invest in something at any point in time, even if that decision is subconscious. I can feel bad about making that decision, but I did make it. My risk/reward appetite just wasn't high enough.
A good counter to "I could have made $X bazillion if I'd gotten into Y thing at Z time" is to remember that you could have doubled your money at the horse track yesterday by betting on the right horse at the right time. So the only question is: what's different between Y thing and horse betting? Did you have enough information at Z time to know you should have invested? Or are you just wishing you could have predicte…
Who goes for horse betting when you could buy powerball tickets?
Earlier quoted context omitted.
When I had crypto assets, I came upon this article about “Greater fool theory” https://en.wikipedia.org/wiki/Greater_fool_theory It made me sell all my crypto (luckily at a profit), and I have not looked back.
Yup. You nailed it. It's a fad which which most buyers and sellers use as a means to engage in gambling.