1. Market development stage
• Real Estate: Vietnam has experienced a hot growth phase for nearly 30 years. The era of “buying anywhere and winning” is over, and the market is now gradually stabilizing, depending on legal factors, planning, and capital flows. Entering at this time requires a large capital and in-depth knowledge to find new opportunities.
• BTC/Crypto: The crypto market in Vietnam is still in its infancy and lacks clear legal frameworks. This is similar to the real estate market in the 90s when land prices were low and legal frameworks were not complete. Those who recognized the potential early and accepted the risks could reap significant profits as the market matures.
2. Market psychology and trust
• Real Estate: In the early stages, land was often undervalued due to a lack of understanding of long-term potential. Similarly, crypto today is also facing skepticism from the majority of the public. However, compared to the early stages of real estate, crypto has extremely high price volatility, increasing the complexity of decision-making.
• BTC: Bitcoin is considered “digital gold” by many, but it is still not widely accepted. Your observation that many people around have not participated in BTC is accurate and indicates that the market is still in its early stages. This can be seen as an opportunity, especially if you believe in the long-term potential of BTC (for example, a price of $100K or $1M in the future).
3. Risks and investment appetite
• Real Estate: Although it is no longer as “easy to profit” as before, real estate is still considered a “safer” asset compared to crypto due to its real value and less influence from short-term market psychology.
• BTC: Crypto in general and BTC in particular carry much higher risks. However, if you believe in blockchain technology, the scarcity of BTC (limited supply of 21 million coins), and its potential to become a global value standard, then early investment could yield enormous profits.
4. Timing and strategy
In comparison:
• Investing in real estate today is like buying assets that have already gone through a boom growth phase. You can still make a profit, but you need substantial capital and a long-term vision.
• Investing in BTC today is like buying real estate in the 90s. The opportunities are vast, but they also come with uncertainty and require patience.
Advice
1. Risk balance: You should not go “all-in” on a single investment channel, especially crypto, because it is very volatile.
2. Long-term focus: If you believe in BTC, treat it as a long-term investment. Instead of chasing high-risk x10 or x100 bets, you can gradually accumulate BTC with a dollar-cost averaging strategy (buying evenly over time).
3. Understand yourself: Crypto is attractive due to its high profit potential, but not everyone can handle the psychological pressure from deep price drops. Invest according to your own risk appetite.
Summary
Timing is always an important factor in investing. Whether it's real estate or BTC, big opportunities often arise when the market is immature and not recognized by the majority. However, opportunities always come with risks. Betting on BTC from now on could be the right decision if you believe in its long-term potential and are willing to accept short-term fluctuations.
