What is an investor?
An investment operation is one which upon thorough analysis promises safety of principle and an adequate return. Operations not meeting these requirements are speculative.
The DOTCOM bubble started around 1997, peaked around 2000 and ultimately burst in 2002. The bubble revolved around speculative investment in internet companies. In that time investors were so excited about new tech that they invested in almost any tech company without even caring if that company is profitable or not. COMMONSENSE BEGAN RARITY. After the bubble burst only some companies survived example amazon.com.
THE CONCLUSION IS SIMPLE: THE DOTCOM BUBBLE IS A FACINATING HUMAN NATURE LESSON.
Every nonprofessional who buys a “hot” common stock issue, or make purchase in any way similar thereto, is either speculating or gambling. Speculation is always fascinating, and it can be a lot fun while you are ahead of game. If you want to try your luck at it, put aside a portion, the smaller the better.
So what I am trying to say is, if you understand bitcoin by core, you know how it works, how it’s made, what are it’s competitors, is the price too high for me to buy, why it has any value and why this value will keep growing then you are an investor, however if you are buying or selling it because others are doing then it’s pure gambling.
As Warren buffet Says: https://www.youtube.com/watch?v=ewMYbX47-IE
“Stay away from it”
From my point of view, I will not invest in bitcoin as I do not understand it and I do not want to be a speculator. I find MCD a better investment for long term than BTC .
References: An intelligent investor Benjamin graham https://www.booktopia.com.au/the-intelligent-investor-benjamin-graham/prod9780060555665.html?source=pla&gclid=CjwKCAjw87PNBRBAEiwA0XAIr-6oev-ftL0ImwIYLnIKMcuB0vDVGYrgMdOal5N2fxnvC5mp6rUwSBoCuR8QAvD_BwE
DotCom Bloomberg US Internet Index at peak in 2000: $2.948 TRILLION or $4.19 TRILLION adjusted for inflation...
Crypto market cap today is a TINY fraction of what the DotCom bubble was. We are talking about less than $0.2 TRILLION.
So let's look at this....
< $0.2 TRILLION dollar market cap for crypto as a whole
$4.19 TRILLION dollar market cap at peak of DotCom bubble (US Internet Index in the year 2000)
If that's not enough to convince you that we are just getting started...
Crypto is more global, easier to enter, and has just as powerful of a social impact as the internet did in the 90s.
They're something you are missing completely and I'm afraid you'll be left behind if you don't open your mind.
Do your homework. First you learn and then you remove the L. Stop living in a box in the way society has programmed you to do so.
Wake up dude!