Comments on Get Rich Quick and FOMO

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Re: Bitcoin

Yes, Bitcoin is a form of that process.

posted by FormerStudentIntern on December 14, 2022 at 10:46 AM | link to this | reply

Dear FSI what a sensible guy you are. I always felt this was buying into a Ponsi scheme. Is the use Bit coin the same? I only had good stocks in my Portfolio....before I sold them and divided the money between my Sons. I will miss the income but the satisfactio is in seeing my sons enjoy the cash. One reduced his debts, the other bought a home. 

posted by Kabu on December 13, 2022 at 2:02 PM | link to this | reply

Good Afternoon

FSI, it just feels like play money to me.  I just don't understand it enough to invest in it.

posted by Goldiec on December 13, 2022 at 11:44 AM | link to this | reply

Good afternoon

When it comes to Cryptocurrency, I have no FOMO. There are just too many variables for me to dip my toe into those foreign waters.

posted by Sherri_G on December 13, 2022 at 8:56 AM | link to this | reply

It is great if one has the nerve to get in at the start and then jump out, but nothing is easy. If one sees ones investment jumping up like crazy there is a great incentive to wait for the next rise. Remember the Black tulip and various other quick rich ventures. Some made it but..... 

posted by C_C_T on December 13, 2022 at 8:54 AM | link to this | reply