When I first bought my bitcoin in July 2017, I told some of my friends to buy some. Most of them flat out said no. A few of them said they would do research on it and then decide. Everyone ended up not buying any and one of my friends said he would rather spend the money on alcohol and strippers. I told him strippers are a bad investment because you will never get gains and only lose money every time you reinvest in them. My friend hopes I make lots of money from bitcoin and that if I ever get rich, I would owe him a stone crab dinner. He truly wants it to work out for me, but he believes bitcoin will not last and I will lose my investment.
Fair enough -- don't expect the majority to agree. That's not how markets work. If Bitcoin reaches $100,000 and beyond, the majority will still be naysayers, so consider yourself lucky for having gotten involved. Most people will never buy Bitcoin until the speculative opportunities are already gone.
Here's the thing, every time I talk to a friend or a co-worker that is not involved in the crypto world, they always wish me success and hope I make lots of money. But deep down, I can't help but feel that they want me to fail because they aren't involved. How angry and jealous would they be if I succeed? After I told them numerous times to invest in bitcoin or other altcoins. They would be stuck in their cubicles and I would be driving in my lambo. And how happy would they be if I fail and lose my money? They would said, "I told you so. That's why I didn't invest my money into bitcoin."
There's always going to be that element. I've felt the same sort of envy when I miss trading opportunities. There's a natural competitive psychological response where humans strive to be the alpha. Few people
want to be left behind, so to speak.
One of the seven deadly sins is envy. If I fail, I will be stuck in the cubicle and work until I'm 60. And if I succeed, they will be envious, envious that my cubicle next to them is empty, envious that I'm retired and driving around the gold coast in my lambo.
Ideally, I'd like us all to escape that cubicle reality. If not, I'm happy to take early retirement.
