比特幣的炒作值得冒險嗎？

隨著 3 月比特幣的價值飆升至 74,000 美元，是否值得炒作的問題仍然存在。雖然有些人認為這是一個有利可圖的機會，但有些人則考慮到風險，選擇謹慎行事。對於資金有限的千禧世代來說，考慮到加密貨幣市場的波動性，持有或退出的決定是經過深思熟慮的。當我反思自己從比特幣中獲得的20 美元微薄利潤時，我思考了潛在收益的吸引力與財務損失的危險之間的關係。歸根結底，投資比特幣是個人的選擇，需要在高回報中帶來的興奮感與令人警醒的現實之間取得平衡。潛在風險。

Is Bitcoin Worth the Hype?

比特幣值得炒作嗎？

As Bitcoin soared to a record-shattering $74,000 in March, I couldn't help but question the euphoria surrounding it. Months prior, I had wisely cashed out my modest crypto holdings for a meager $20 profit.

當比特幣在 3 月飆升至破紀錄的 74,000 美元時，我忍不住質疑圍繞它的興奮情緒。幾個月前，我明智地兌現了自己持有的少量加密貨幣，只獲得了 20 美元的微薄利潤。

For some, the recent rebound in crypto valuations evokes memories of the unbridled optimism that marked the previous decade. They see it as an opportunity to hold or even invest more. However, for others – especially millennials like myself with limited funds – it's an exit strategy we should embrace.

對某些人來說，最近加密貨幣估值的反彈喚起了人們對過去十年的肆無忌憚的樂觀情緒的回憶。他們認為這是持有甚至投資更多的機會。然而，對其他人來說——尤其是像我這樣資金有限的千禧世代——這是我們應該接受的退出策略。

Where to Venture Next?

下一步去哪裡創業？

The path less traveled isn't uncharted but simply more stable: the well-established territory of blue-chip stocks or exchange-traded funds (ETFs), particularly those offering attractive dividend payouts.

少有人走的路並非未知，而只是更穩定：藍籌股或交易所交易基金（ETF）的成熟領域，尤其是那些提供有吸引力股息支付的基金。

In 2020, amidst COVID-19 lockdowns and plummeting equity prices, I opened a self-managed investment account. While it's not a substantial nest egg, it has grown to several thousand dollars.

2020 年，在 COVID-19 封鎖和股價暴跌的情況下，我開設了一個自我管理投資帳戶。雖然這不是一個可觀的儲蓄，但它已經成長到了數千美元。

I'm not an anomaly. According to Investor Economics, Canadians opened over 2.3 million new DIY investment accounts in 2020 – nearly three times the number in 2019.

我不是一個異常者。根據 Investor Economics 的數據，加拿大人在 2020 年新開設了超過 230 萬個 DIY 投資帳戶，幾乎是 2019 年的三倍。

The Allure of Crypto

加密貨幣的魅力

Bitcoin ownership also surged, with 13% of Canadians holding it in 2021, up from 5% in previous years, as reported by the Bank of Canada. Crypto mining stocks and ETFs, which Canada adopted before the United States, made it easy to invest in crypto without creating a separate wallet.

根據加拿大央行報告，比特幣持有量也大幅成長，2021 年加拿大人持有比特幣的比例為 13%，高於前幾年的 5%。加拿大在美國之前採用的加密貨幣礦業股票和 ETF，使得無需創建單獨的錢包即可輕鬆投資加密貨幣。

It was easy to get swept up in the excitement and the fear of missing out. I diverted my savings into crypto and, like many other emerging DIY investors, faced a steep learning curve. I knew that the massive returns enjoyed by crypto pioneers were long gone, but I still viewed them as interchangeable with high-risk stocks.

人們很容易陷入興奮和對錯過的恐懼之中。我將儲蓄轉向加密貨幣，並且像許多其他新興 DIY 投資者一樣，面臨著陡峭的學習曲線。我知道加密先驅所享受的巨額回報早已不復存在，但我仍然認為它們與高風險股票是可以互換的。

A Costly Lesson

代價高昂的教訓

However, I allocated too much of my portfolio to crypto. Prices fluctuated rapidly, outpacing news cycles, and I became accustomed to seeing outsized gains. This whetted my appetite for more. After the crypto crash in spring 2022, my portfolio's crypto holdings plummeted. My returns fell below my comfort level.

然而，我將太多的投資組合分配給了加密貨幣。價格波動迅速，超過了新聞週期，我已經習慣了看到巨大的漲幅。這激發了我更多的胃口。 2022 年春季加密貨幣崩盤後，我投資組合中的加密貨幣持有量暴跌。我的回報低於我的舒適程度。

Watching my portfolio suffer over the past few years has forced me to reevaluate my risk tolerance. For me, it meant redefining crypto's role in my investments. In retrospect, investing similar amounts in carefully selected equities or ETFs would have yielded more modest but still reasonable growth without the risks associated with crypto.

看著我的投資組合在過去幾年中遭受損失，迫使我重新評估我的風險承受能力。對我來說，這意味著重新定義加密貨幣在我的投資中的作用。回想起來，在沒有加密貨幣相關風險的情況下，將類似金額投資於精心挑選的股票或 ETF 會產生更溫和但仍然合理的成長。

The Decision to Sell

出售決定

So, when I finally saw my Bitcoin investment turn a profit again, I sold. It was a small gain, but I could reallocate the funds to something more thoughtfully chosen, rather than following the herd.

因此，當我終於看到我的比特幣投資再次獲利時，我賣出了。雖然收益不大，但我可以將資金重新分配到更經過深思熟慮的選擇上，而不是隨波逐流。

A defining moment occurred during an investor call for a freelance story I was working on. A Goldman Sachs Wealth Management executive was asked about the new Bitcoin ETFs approved for trading in the United States.

一個決定性的時刻發生在投資者對我正在撰寫的自由故事進行徵集的時候。高盛財富管理公司的一位高層被問及有關美國批准交易的新比特幣 ETF 的情況。

Her response was unequivocal: investors should not allocate to cryptocurrencies or crypto ETFs as part of their investment portfolios. She likened it to gambling in a Las Vegas casino. Suddenly, my perception of crypto allocations as classic investments seemed naive.

她的回應毫不含糊：投資者不應將其配置為加密貨幣或加密 ETF 作為其投資組合的一部分。她把這比喻為在拉斯維加斯賭場賭博。突然間，我將加密貨幣配置視為經典投資的看法似乎很天真。

A Personal Choice

個人選擇

Of course, this is ultimately a personal decision. Some individuals enjoy speculation and have the financial means to absorb losses. However, many DIY investors, including myself, do not fall into that category. We can't afford to take such risks. I'm not a gambler, and growing my portfolio for a down payment or retirement requires a more prudent approach.

當然，這最終是個人決定。有些人喜歡投機並有財力來吸收損失。然而，許多 DIY 投資者，包括我自己，並不屬於這一類。我們承擔不起這樣的風險。我不是賭徒，為了首付或退休而增加我的投資組合需要採取更謹慎的方法。

Inspired by the executive's comments, I vowed to accelerate my divestment and reallocate my funds more selectively. When an opportunity arose to sell my Ethereum holdings at a profit, I took it. Same with several crypto mining stocks.

受到這位高階主管言論的啟發，我發誓要加速撤資，更有選擇性地重新分配我的資金。當有機會出售我持有的以太坊以獲利時，我抓住了它。與幾隻加密貨幣礦業股票相同。

A Sense of Relief

一種如釋重負的感覺

Since making this shift, I feel more confident and secure about my investments, even though my portfolio hasn't grown significantly. I also pay less attention to the constant headlines about crypto. That's why I hardly noticed recent news of Bitcoin selloffs eroding some of its record-breaking gains.

自從做出這項轉變以來，儘管我的投資組合並未顯著成長，但我對自己的投資感到更加自信和安全。我也不太關注加密貨幣的持續頭條新聞。這就是為什麼我幾乎沒有註意到最近有關比特幣拋售的消息侵蝕了其破紀錄的漲幅。

Numerous cautionary tales exist of everyday people losing their savings or selling at a loss out of fear of further decline. If the opportunity arises to break even or make a small profit, seize it.

有許多警示故事表明，人們因擔心經濟進一步下滑而失去積蓄或虧本出售。如果出現損益平衡或小額獲利的機會，就抓住它。