Short-Term Comfort, Long-Term Consequences: A Lesson in Missed Investments

Whenever I hear people call Bitcoin Cash, Litecoin, or Dogecoin a scam, I can’t help but laugh and wonder if they truly understand what they’re talking about. It’s one thing to decide not to invest in something—but to claim that an asset is a bad investment without taking the time to understand it just reeks of ignorance.

I remember a conversation I had with a guy who was obsessed with his car. He knew it inside and out, took pride in every detail. One day, I mentioned Litecoin to him, and he immediately scoffed at the idea of investing in cryptocurrency.

He said, “Why would I wait on some gamble when I can just put more money into my Cadillac?”
I replied, “Your car is nice, no doubt—but it’ll never retain its value.”
He shot back, “And shitcoins will?”
At that point, I just let the conversation end there.

Looking back, it’s ironic. That same guy is now sinking money into the upkeep of his car, while struggling financially because of a string of poor life decisions. It’s one of those “I told you so” moments—but out of respect, I don't say it out loud.

When I see the value of Bitcoin Cash, Litecoin, and Dogecoin rising significantly, I’m reminded of how easily people can be short-sighted—blinded by what they have in the moment, without thinking about what’s ahead. In some ways, I think this is part of why many Americans don’t invest in stocks directly. Sometimes it’s just a lack of understanding of how markets work, but more often, I believe the deeper issue is a failure to plan for the future.