@ZubyMusic@SteveOnSpeed Past performance doesn’t predict future results. Especially if it’s only been around for 15 years. The first 10 years was a massive speculative bubble, but over the last 5 years you’d be a lot better off in the stock market.
@PeterSchiff Bitcoin spent its first decade behaving like a speculative bubble and its next 5 years doing nothing. After 15 years, the bull case is still: “someone else will pay more later…. Probably”
@iTzAnthonyNap If he holds it’s a strength. If he sells it’s a strength. I’m beginning to think he’ll be praised by his followers no matter what he does.
@theswansjr Comparing Bitcoin to gold doesn’t help your case. Gold has uses in electronics, medicine, aerospace, and jewelry. If nobody wanted to hold gold as a store of value tomorrow, it would still have real-world demand. If nobody wanted to hold Bitcoin tomorrow, what’s left?
@theswansjr My dollar bill isn’t an investment. It’s a medium of exchange. You people pitch Bitcoin as an investment that will make people rich. If you’re asking people to value it like an investment, it’s fair to ask where the cash flow, earnings, or productive output comes from.