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Yeah this is the story I tell myself to make me feel better. I may well have even more regret! Or thought I was an investment genius and invested loads more and then sold it at a bad time.
yeah as Warren Buffett once said: "Our favorite holding period is forever".
It's true, most investors quit right before they're about to hit it big! ...or alternatively, you live a decent life without associating with any of this.
But honestly, your second point is the ultimate truth. Ignorance truly is bliss. The happiest people are usually the ones who have zero idea what the current price of Bitcoin or Nvidia is, not even BTC or NVDA, hehe.
I applaud the technical journey, but I really do not understand the purpose. What's the point of knowing last week's lottery numbers?
The opportunity cost is what I can do instead. The opportunity cost of investing is just a 3% return really. So much that we do in life is just throwing the money away though. You should just go to work, invest all your money, then when you are 65 you will be able to live off your savings.
So?
If you'd bought every fad coin your brother recommended to you, even though it was a bad idea in your own judgement then I think you'd have zero dollars.
But I agree that buying new coins is like buying lottery tickets - if you buy all the tickets, there will be no money left.
I applaud the technical journey, but I really do not understand the purpose. What's the point of knowing last week's lottery numbers?
Think of it as art :) It’s an interactive museum of missed opportunities. We all know we can't change the past, but it's strangely entertaining to calculate exactly how much a 2015 pizza cost us in today's Bitcoin.
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yeah as Warren Buffett once said: "Our favorite holding period is forever".
That is basically my strategy. Everything I buy is with the intent of selling in a couple of decades when retirement comes, at the earliest.
Most reasonable people will not have enough conviction to make a serious amount of money even if they’re right. I think a better question is how much would you have invested to make $500k/ $1mn (or whatever a life changing sum is for you) on the investment then you can consider whether you had the stomach to do that.
By the way, a "Reverse Mode" (calculating the initial stake needed to hit exactly $1M) is actually a brilliant idea. But to your underlying point - it's the hard truth. People often act like they have infinite time and keep putting decisions off for "later". And then, boom - your peak earning years are behind you, boom - you're 70. This terminal is basically a receipt for that exact kind of procrastination.