When it reached 100, I thought, this is the apex, it is not gonna grow anymore, it is too late to jump on.
And I've repeated that thought on 1.000, 10.000, 20.000 and again now.
So yes, you are not alone in feeling this is a missed opportunity.
And I've repeated that thought on 1.000, 10.000, 20.000 and again now.
So yes, you are not alone in feeling this is a missed opportunity.
I personally hate the idea of bitcoin and avoided it for a long time, but I feel better having a little just to avoid the thought I let my personal feelings get in the way of an opportunity with a good risk/reward ratio.
Ahh, but the asteroid 16 Psyche is worth $10 quintillion and one day we'll mine it. That lets the BTC cap go 100,000x further than the world GDP.
[On a more serious note, note that GDPs have a time component and market caps -- or the amount of a currency in circulation -- don't. If each unit of money gets spent every month, you only need GDP/12 units of money in circulation; if each unit of money gets spent every 10 years, you need GDPx10 units of money.]
Once people stop having this mindset the price will stop rising.
A lot of people dismiss the possibility of a 10x rise in price and fixate on the 2x reduction. That kind of pessimism is hardwired in: humans have stronger loss aversion.
But if something has a 20% chance at 10x and 80% chance of 1/2x, that’s still positive EV.