I won’t lie - I am tempted to invest in bitcoin. I am looking at its number for a long time. I guess I am not alone. Thousands of people were waiting if that magical coin can get over 10k$. And it did. No surprise. And here comes the big but.
But I am still not investing my money, and even more important, I am not investing my time into it. The reason is in my nature. I like gambling. I like it a lot. The idea of getting money without working for it’s awesome; especially if big returns are promised.
So why I am not investing if everything sounds perfect for me? It’s because I made a decision. I am not seeking quick returns. Two things I learned in a short life of mine is that “easy come, easy go” and that “I can have anything but not everything.” I set a mission for myself a long time before bitcoin. And I feel, by investing in it, my focus will shift where I don’t want to.
Bitcoin is a bubble. That’s my opinion. Investing into the bubble without knowledge is dangerous. Its true, people will make a lot of money - but those are few - a lot more people will lose it. Especially because 99% of them seek the same thing as my gambling mind do, and that's to get rich quickly. The mindset like this will never invest in learning. Neither it has patience and more importantly nerves needed for that kind of investment. Ask yourself what's going to happen when all these people want their money back?
Currently, I don’t have enough knowledge to fight that bubble before it burst. I don’t want to invest my time into getting that knowledge because it’s gonna shift me from my current mission.
To conclude, I will tell you where do I invest my time.
When my first business collapsed, one thing that did stay was me and my knowledge. Nobody was able to take it away from me. With its help, I've built the path to the place where I am today.
If you’re looking for an investment with the most promised returns, look into a mirror.