I'm going to play the advocate diaboli:
I recently made a conscious decision to get out of Bitcoin and Ethereum. These were the only two coins that came into question for me. I'll mention it right away: This has nothing to do with the recent setbacks!
I had been involved with crypto for several years - first very superficially, later a little more deeply. I hesitated for a long time until I finally took the plunge with a small tranche of Bitcoin at around 16k. Despite all the information I had gathered up to that point, it didn't feel like conviction, but rather FOMO.
I gradually added more and more, ending up with 0.1 BTC (average entry price approx. 29k€) and also 2 ETH (approx. 1.5k entry). So not very large amounts, I just wanted to diversify my portfolio and be there should the ride really take off. When BTC went over €100k for the first time, I sold. Why did I do that? Because, from my point of view, I wasn't able to experience the added value that is often advertised, I simply couldn't grasp it.
In my view, 99% of Bitcoin holders are still using it as a very speculative investment in the hope of making a lot of money. A maximum of 1% of holders even think about the technology behind it and the (potential!?) added value. However, Bitcoin is not a technology that has only been around for two years and you simply have to give people time. In my view, after 15 years of this technology, the fog should have cleared more clearly and real use cases should have crystallized.
To summarize: It's more of a feeling that made me decide against crypto as a form of investment, which even the arguments put forward in favor of Bitcoin couldn't gray out.
From my point of view, there are no shades of gray on the subject, only black or white: either I am 100% convinced of Bitcoin (and / or crypto in general) - or not. The former didn't work for me, so I'm out and prefer to invest my money more conservatively in ETFs and shares with tangible added value. To be fair, I have to admit: I still hold shares in $IREN or $HOOD, which means I still take potential positive effects into account - but not as pure play.
So, I had to get out for a moment, or rather, this Bitcoin advertising post (don't get me wrong, it's not meant in a derogatory way!) made me itch to offer a different perspective. And now let's get into the argumentation battle 😃
I recently made a conscious decision to get out of Bitcoin and Ethereum. These were the only two coins that came into question for me. I'll mention it right away: This has nothing to do with the recent setbacks!
I had been involved with crypto for several years - first very superficially, later a little more deeply. I hesitated for a long time until I finally took the plunge with a small tranche of Bitcoin at around 16k. Despite all the information I had gathered up to that point, it didn't feel like conviction, but rather FOMO.
I gradually added more and more, ending up with 0.1 BTC (average entry price approx. 29k€) and also 2 ETH (approx. 1.5k entry). So not very large amounts, I just wanted to diversify my portfolio and be there should the ride really take off. When BTC went over €100k for the first time, I sold. Why did I do that? Because, from my point of view, I wasn't able to experience the added value that is often advertised, I simply couldn't grasp it.
In my view, 99% of Bitcoin holders are still using it as a very speculative investment in the hope of making a lot of money. A maximum of 1% of holders even think about the technology behind it and the (potential!?) added value. However, Bitcoin is not a technology that has only been around for two years and you simply have to give people time. In my view, after 15 years of this technology, the fog should have cleared more clearly and real use cases should have crystallized.
To summarize: It's more of a feeling that made me decide against crypto as a form of investment, which even the arguments put forward in favor of Bitcoin couldn't gray out.
From my point of view, there are no shades of gray on the subject, only black or white: either I am 100% convinced of Bitcoin (and / or crypto in general) - or not. The former didn't work for me, so I'm out and prefer to invest my money more conservatively in ETFs and shares with tangible added value. To be fair, I have to admit: I still hold shares in $IREN or $HOOD, which means I still take potential positive effects into account - but not as pure play.
So, I had to get out for a moment, or rather, this Bitcoin advertising post (don't get me wrong, it's not meant in a derogatory way!) made me itch to offer a different perspective. And now let's get into the argumentation battle 😃
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