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When I hear people say bitcoins a scam and all these things that just reminds me of this redditor.

There was a redditor who was on all the cryptocurrency forums and this was before Bitcoin went over the price of 1 oz of gold. And he was telling everybody that Bitcoin was a scam and it was a Ponzi scheme and it was going to collapse any day and on and on and on.

And he was prolific he was everywhere every time anybody posted anything and explain what Bitcoin was he was there with his Ponzi scheme speech and saying how it was going to collapse and everything

Well guess what. Turned out this guy used to have something like a thousand bitcoins that he had gotten when they were under a penny each.

And when they went to something like 10 cents or a dollar he sold them all because he thought he had gotten away with something and it was all going to collapse and that was the end and you know he probably got a couple of video games with it and maybe a PlayStation 2.

Well of course even at that point when Bitcoin was still under $1,000 he realized that he had basically blown the biggest lottery ticket he was probably ever going to win in life.

and if you can imagine how that would feel. The psychic break it would cause.

To him in order to not admit that he had made possibly the biggest mistake of his life he had to believe and hope that Bitcoin was going to collapse. Because if it did collapse even if it collapsed at $10,000 a Bitcoin and he could have made a lot more money he would have felt justified that he did not make the biggest mistake of his life when he sold Bitcoin for a dollar or whatever the hell he sold it for.

It would sort of be like if you dug through your old laundry and you found the winning lotto ticket for $100 million but you found it one day too late after the expiration period to redeem it. That's how this guy must have felt.

And so whenever I see these people that pop up whenever there's a positive story about Bitcoin and they'll download it furiously and they'll talk about how it's a Ponzi scheme or how it's all a Jew trick or that the CIA fixed it all or that the massage is going to take it all over it's just one day away from Total collapse or it's all a Ponzi scheme I always think yeah they're the guy that either had some and sold it all and ruined their chance or they just been too scared and they've missed the boat and they feel like they've missed the boat.

And actually the good news for them is that even if they did screw up in the past and they sold way too early or even if they did miss the boat and not buy when they could have bought 5 or 10 years ago when they first heard about Bitcoin but they were too scared the fact is no one has missed the boat. Because you can still invest $100 or $1,000 or $10 and the likelihood is if all you can afford to invest is $10 the likelihood is in five or 10 years you invested in Bitcoin is going to be worth more than all the other savings and investments that you will possibly make. That's what's happened to anybody who invested in Bitcoin even if they invested a small amount in Bitcoin over the past five or 10 years. And Bitcoin is probably nowhere near the top. Heck it just became an official investment vehicle through ETFs 2 months ago. So rather than complain and say it's a Ponzi scheme and feel like they've made the tragic mistake of selling too soon which maybe they did they can still incredibly improve their lives with a likely purchase of some bitcoin.

So you know that just is relating a story that I know to put into perspective these people who pop into the groups and say it's a Ponzi scheme or come up with some other outlandish explanation you know which hasn't held up for past 10 years but they still think it's going to hold up tomorrow and perhaps it's a message of Hope for those people that they really haven't missed the boat and it's not too late and if they did make a mistake or they feel like they missed the boat they can still put something in there and in all likelihood it will grow to be their best investment and if they can't put a lot in there and it doesn't grow to be their best investment well you know at least they haven't lost a lot of money.