HOW DO I FINALLY TERMINATE ITS "CRYPTO-REGRETS"?

You may think that you should already be a "bitcoin millionaire" ... and you find that it is still far from being the case.

The reason ?

You sold too fast
You bought too late
You did not listen to the advice of one of your friends who told you about crypto-currencies a few years ago
You bet everything on Feathercoin
Welcome to the club. You are not alone! But the mere fact of knowing it should not be enough to comfort you. Especially since it is, unfortunately, impossible to go back in time.

To overcome these regrets, we will have to take a step back.

Arrived late to the party

If you are late for the "Bitcoin Feast" - or, worse, if you left this party just before it actually starts - the regrets you may feel can be crippling.

Each new historical record makes your heart beat even more, while some early adopters who have never read Satoshi Nakamoto's White Paper have managed to raise huge sums.

But this is supposed to be a cheering article. You always ask yourself "what if I bought earlier?" If so, stop blaming yourself now.

There are at least 3 reasons to smile again. But, before presenting these, let's interest us in the psychology of luck.

The theory of queues

race queueImagine: You are queuing up in your favorite supermarket.

You choose a waiting girl that seems fast, but you realize as you go wrong. Your fears reach a climax when you realize that the person in front of you holds several dozens of coupons in his hand.

Does this sound familiar to you?

There is a simple reason why you have, statistically, little chance of choosing the fastest queue: with a queue to your left, a girl to your right, you only have one chance out of 3 to choose the right one.

But what can all this do with crypto-currencies?

For example, if you bought Bitcoins in 2013, the probability of keeping them is much lower than 1/3. In fact, it might be something like 1/10 or 1/20.

We can also be interested in the "bubble" of June 2011, while the Bitcoin had gone in a few weeks from less than a dollar to nearly 30 dollars:

One can think that many holders were then delighted to sell their currency against a few tens of dollars. And we can also think that a significant share of them sold all of their Bitcoins, and have not bought since.

Take a step back from social networks

The hardest ? See that some already have several hundred thousand dollars in cryptocurrency:

Understand that this is not a norm, but isolated cases. These people came at the right moment to the market. They have also been willing to invest several thousand euros, which they could afford to lose - which is far from being the case for the entire world population.

And you have to take a step back from what some people say. Here is a funny analysis proposed by the Crypto Rand trader, which illustrates well the distortion between the reality and what some can declare on the social networks:

Reality

0.3 Bitcoin per holder

Distribution of BitcoinsThe reality? Most people are in the same situation as you.

If it is impossible to know precisely the number of Bitcoins held, on average, by each bitcoiner, it is possible to estimate it.

According to the results of a study that we had previously relayed, 45 million people in the world would currently hold Bitcoins.

Another study indicates that, on the current Bitcoins offer (just over 16.7 million), between 2.77 and 3.79 million would have been lost forever by their owners.

If we rely on an average of 3.28 million non-accessible Bitcoins, we arrive at a "real" Bitcoin offer that would amount to about 13.4 million corners.

45 million holders for 13.4 million Bitcoins, this gives us an "average digital heritage" of 0.3 Bitcoins per "hodler" (about 4000 euros). Even if it is a large sum, we are still far from the hundreds of thousands of euros posted by some users.

To take even more step back, we can have fun spreading these 13.4 million Bitcoins on all 7.5 billion people that make up the world population. We get an average digital wallet that contains 0.00179 Bitcoins - about 24 euros.

Some reasons to keep smiling

Not sure that knowing that most bitcoiners bite their fingers today will be enough to comfort you.

But here are three remarks that should help you to smile again.

We have the privilege of living at a time when it is possible to try to make money by simply "wagering" on a currency. Even if this money is at risk, and even if there is nothing to ensure that a purchase of Bitcoin will make a profit, we can try his luck hoping for an appreciation of the digital currency. Note however that we are not, from a medium-term perspective, protected from an impending correction phase ....
If Bitcoin continued to rise, people who found it was "too expensive" at $ 10,000 or $ 15,000 may have regrets in the coming years. This will not be your case if you already have at least a fraction of BTC.
There are other crypto-currencies, whose capitalization is much lower, which could enormously appreciate - these, however, involve very significant risks. It is also necessary to train oneself and to be patient so that one day one can reap the fruits of one's efforts.
According to Kai Sedgwick, if you enter Bitcoin only in the hope of getting rich, you are mistaken. Do not ask yourself what cryptocurrencies can do for you: ask yourself what you can do for them.