比特币的炒作值得冒险吗？

随着 3 月份比特币的价值飙升至 74,000 美元，其是否值得炒作的问题仍然存在。虽然有些人认为这是一个有利可图的机会，但另一些人则考虑到风险，选择谨慎行事。对于资金有限的千禧一代来说，考虑到加密货币市场的波动性，持有或退出的决定是经过深思熟虑的。当我反思自己从比特币中获得的 20 美元微薄利润时，我思考了潜在收益的吸引力与财务损失的危险之间的关系。归根结底，投资比特币是个人的选择，需要在高回报带来的兴奋感与令人警醒的现实之间取得平衡。潜在风险。

Is Bitcoin Worth the Hype?

比特币值得炒作吗？

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.

当比特币在 3 月份飙升至破纪录的 74,000 美元时，我忍不住质疑围绕它的兴奋情绪。几个月前，我明智地兑现了自己持有的少量加密货币，只获得了 20 美元的微薄利润。

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.

对于一些人来说，最近加密货币估值的反弹唤起了人们对过去十年的肆无忌惮的乐观情绪的回忆。他们认为这是持有甚至投资更多的机会。然而，对于其他人来说——尤其是像我这样资金有限的千禧一代——这是我们应该接受的退出策略。

Where to Venture Next?

下一步去哪里创业？

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.

少有人走的路并非未知，而只是更加稳定：蓝筹股或交易所交易基金（ETF）的成熟领域，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 封锁和股价暴跌的情况下，我开设了一个自我管理投资账户。虽然这不是一个可观的储蓄，但它已经增长到了数千美元。

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.

我不是一个异常者。根据 Investor Economics 的数据，加拿大人在 2020 年新开设了超过 230 万个 DIY 投资账户，几乎是 2019 年的三倍。

The Allure of Crypto

加密货币的魅力

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.

据加拿大央行报告，比特币持有量也大幅增长，2021 年加拿大人持有比特币的比例为 13%，高于前几年的 5%。加拿大在美国之前采用的加密货币矿业股票和 ETF，使得无需创建单独的钱包即可轻松投资加密货币。

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.

人们很容易陷入兴奋和对错过的恐惧之中。我将积蓄转向加密货币，并且像许多其他新兴 DIY 投资者一样，面临着陡峭的学习曲线。我知道加密先驱所享受的巨额回报早已不复存在，但我仍然认为它们与高风险股票是可以互换的。

A Costly Lesson

代价高昂的教训

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，我将太多的投资组合分配给了加密货币。价格波动迅速，超过了新闻周期，我已经习惯了看到巨大的涨幅。这激发了我更多的胃口。 2022 年春季加密货币崩盘后，我投资组合中的加密货币持有量暴跌。我的回报低于我的舒适水平。

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.

看着我的投资组合在过去几年中遭受损失，迫使我重新评估我的风险承受能力。对我来说，这意味着重新定义加密货币在我的投资中的作用。回想起来，在没有加密货币相关风险的情况下，将类似金额投资于精心挑选的股票或 ETF 会产生更温和但仍然合理的增长。

The Decision to Sell

出售决定

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，当我终于看到我的比特币投资再次盈利时，我卖出了。虽然收益不大，但我可以将资金重新分配到更经过深思熟虑的选择上，而不是随波逐流。

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.

一个决定性的时刻发生在投资者对我正在撰写的自由故事进行征集的时候。高盛财富管理公司的一位高管被问及有关美国批准交易的新比特币 ETF 的情况。

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.

她的回应毫不含糊：投资者不应将其配置为加密货币或加密 ETF 作为其投资组合的一部分。她把这比作在拉斯维加斯赌场赌博。突然间，我将加密货币配置视为经典投资的看法似乎很天真。

A Personal Choice

个人选择

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.

当然，这最终是个人决定。有些人喜欢投机并有财力来吸收损失。然而，许多 DIY 投资者，包括我自己，并不属于这一类。我们承担不起这样的风险。我不是赌徒，为了首付或退休而增加我的投资组合需要采取更谨慎的方法。

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.

受到这位高管言论的启发，我发誓要加速撤资，更有选择性地重新分配我的资金。当有机会出售我持有的以太坊以获利时，我抓住了它。与几只加密货币矿业股票相同。

A Sense of Relief

一种如释重负的感觉

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.

自从做出这一转变以来，尽管我的投资组合并未显着增长，但我对自己的投资感到更加自信和安全。我也不太关注有关加密货币的持续头条新闻。这就是为什么我几乎没有注意到最近有关比特币抛售的消息侵蚀了其破纪录的涨幅。

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.

有许多警示故事表明，人们因担心经济进一步下滑而失去积蓄或亏本出售。如果出现盈亏平衡或小额盈利的机会，就抓住它。