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Well, Bitcoin is such an outlier. $1 invested in April 2010 would be worth $1 million today. A insane 1000000x ROI over 7 years. It's nuts. No other investment
by mrb 9y ago
Well, Bitcoin is such an outlier. $1 invested in April 2010 would be worth $1 million today. A insane 1000000x ROI over 7 years. It's nuts. No other investment opportunities even come close to that so it's very, very hard for most people to avoid greed and envy. Not sure what the solution is.
- avaer 9y agoThe solution is for the market to correct itself (if it is thus insane as claimed). If that happens it will be very very hard for the greedy to find buyers or sympathy.
- doktrin 9y agoWhy would the market correct itself? What could possibly cause a crash, short of some kind of catastrophic security vulnerability being discovered, or hostile regulation in one of the core markets?
- mhb 9y agoBecause tulips?
- doktrin 9y agoFair. A liquidation race is certainly plausible.
- mrb 9y agoIt was funny to compare Bitcoin to tulips back in 2010. However the Bitcoin ecosystem has now sustained impressive growth—by all metrics—for 8 straight years... I think we are past the "it's tulips" stage.
- mhb 9y agoWhen someone asks Why would the market correct itself?, the comparison with tulips seems completely appropriate.
- elmar 9y agoeven better than the founders seed stage of Uber $200,000 -> around 20% of $65B ($13B) $1 -> $65,000
- jacquesm 9y agoI can beat that. $7 got me gameplay.com. That sold for $70K. That 70K I put into ww.com, which got me $1M. That's about twice as good an ROI.
- empath75 9y agoI was going to buy $3000 worth when it was $10 and I was talked out of it. The only way I sleep at night is knowing that I would have sold it when it hit $20.