In 2010 one bitcoin cost $0.003. Today the price of one bitcoin is over $16,000. Do you own any bitcoins?
Nope I missed that bubble
I don't get the idea
The market is too volatile. Every time it hits a milestone number it drops by $1k immediately and it will crash soon
Not that I know of
Fake money. It will implode.
No. I know 3 people who own/have owned them. One owned a few and lost them all, one bought 2 for speculation and sold 1 after doubling his money (still owns the other), and one used Bitcoin for drug purchases (don't think he held them for the long-term, so I don't know if he still has any).
I owned 20 when they were 5 bucks a piece. Oh well!!
No. Although I do know a person who got 200 bitcoins back when they were basically worthless but he sold them when the price went up to $4. He could have been a multimillionaire if he waited a few years.
That's just hindsight bias.
While it's true that your friend could have been a multimillionaire if he had held bitcoin, that line of thinking assumes that he made the wrong decision.
At the time of selling his bitcoin, he may have evaluated the risk vs reward of the currency and decided that it wasn't worth it. Considering its highly speculative nature and extreme volatility, this was honestly probably the right decision back then.
I think you're assuming a lot from my comment.
That's fair, I probably misinterpreted it.