Bitcoin

HammerDown said:
How does this chart look?

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I think this is what's probably concerning:

DPPxgMq.jpg
 
Mofo said:
I think this is what's probably concerning:

DPPxgMq.jpg
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Oh... you thought it just went up? So you only want to invest in something that only goes up. Not sure I can help you with that but if you want to zoom out a little bit, I think you'll get a better perspective. :thumb:
 
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If every day since 2009 you had dollar-cost-averged-in at no point would you ever, even one day, have been under water.

Name another investment like that. Just one.
 
HammerDown said:
Oh... you thought it just went up? So you only want to invest in something that only goes up. Not sure I can help you with that but if you want to zoom out a little bit, I think you'll get a better perspective. :thumb:
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You're highlighting all the gains and none of the massive losses. Volatility isn't the only concern in investing, but it is a big one.

Crypto is crazy and will be for awhile. Separating out all the obvious Ponzi schemes and dismissing the less mainstream crypto currencies as illegitimate strike at the core of the problem with Bitcoin. Which is that people don't understand it, so they'll sell and buy with reckless abandon.
 
Mofo said:
You're highlighting all the gains and none of the massive losses. Volatility isn't the only concern in investing, but it is a big one.

Crypto is crazy and will be for awhile. Separating out all the obvious Ponzi schemes and dismissing the less mainstream crypto currencies as illegitimate strike at the core of the problem with Bitcoin. Which is that people don't understand it, so they'll sell and buy with reckless abandon.
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You seriously want to compare what Bitcoin has done over the last 7 years to any other investment? Great, pick one and let's compare!

Dole loves t-bills. Shall we compare those?

Rolex? Wanna compare that? Disney? Tesla?

It's not a problem at all. All value will inevitably flow to Bitcoin.

Read The Bitcoin Standard and stop conflating crypto and Bitcoin.

Also, see the chart I posted. :thumb:
 
HammerDown said:
You seriously want to compare what Bitcoin has done over the last 7 years to any other investment? Great, pick one and let's compare!

Dole loves t-bills. Shall we compare those?

Rolex? Wanna compare that? Disney? Tesla?
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How 'bout a traditional portfolio? Some risk is better than all risk.
HammerDown said:
It's not a problem at all. All value will inevitably flow to Bitcoin.
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Huh?
HammerDown said:
Read The Bitcoin Standard and stop conflating crypto and Bitcoin.

Also, see the chart I posted. :thumb:
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See the chart I posted. People hate volatility. Investors are dumb enough to pump money into things they don't understand... for awhile, but ultimately will trust gold and t-bills if the market gets tight. No one's going to give a shit about the 'blockchain' in a major recession, dude.
 
It seems that this billionaire disagrees with the negative sentiment here.

 
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See Dole, you don't have to know anything about it, you can just dive right in. :thumb:
 
Illiquid supply at an all-time high and supply on exchanges at an all-time low. Halving in 175 days.

Supply shock incoming that will dwarf 2016 and 2020.
 
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