@immenselyme@ZubyMusic Exactly. It’s current price is based entirely on a narrative. It doesn’t actually offer any benefit for society so there’s no reason that people should get rich off it simply for holding it.
@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.