About once a year, I entertain the thought. I check its progress and regress, debate with myself, decide against it
I haven’t invested in a long time but people always point to something shiny and say “TIMES HAVE CHANGED” and then, you find out, no, they really didn’t. Just new suckers on the block.
Money to be made with Bitcoin? Sure. Maybe lots more. But I’d treat it as high risk speculative, like begging on a country’s economy that was just through a war for a strong recovery while turf skirmishes are still going on at the brink of escalating or deflating again. You can get rich quick or get destroyed..
When I invested, it was DRiP. I’ve since taken it all out, but I did well through the 00s dot com busts, energy scams, even through 2008 I did well, without touching anything since 2002. Picked away ’til it was all gone by 2014 but it worked Contrarian investing, go against the crowd (Bitcoin is crowd), invest as if forever while planning to take out at a peak. Indexes faired best In the end, they usually do But every investor’s different and yes, maybe “times have changed”. But usually, not as much as they try to sell us on.
Had I spare $ to invest though, I’d definitely throw 10-20% in Bitcoin No idea how I’d do the rest of it though at this point Can’t complain though Got to work from home for the past 15 years thanks to that investing, making just enough to stay and help my brother establish a business that helps pay for stuff. Dread the idea of going back to high pay with high stress but if it had to be, I suppose I’d do it. All depends on life goals in the end.