4 ms·
It's been a great store of value over the past 6 years. It has outperformed every major index and currency. If you had invested just $10K in Bitcoin in May 2013
by jondubois 8y ago
It's been a great store of value over the past 6 years. It has outperformed every major index and currency.
If you had invested just $10K in Bitcoin in May 2013, by July 2013 you would have lost almost half of your money...
But if you were smart and had held on to it, today you would have over $350K!
As Warren Buffet would say, you just have to buy when everyone else is selling and sell when everyone else is buying.
You have to keep your eye on intrinsic value... and the other eye on the Lambo. Easy peasy.
- theandrewbailey 8y agoStores of value aren't investments.
- this_user 8y ago> It's been a great store of value over the past 6 years. I don't think you understand what "store of value" means. Store of value means little to no volatility. Meanwhile, Bitcoin is one of the most volatile assets in existence. And a real store of value is a store of value permanently not just over a certain period of time.
- tim333 8y agoWhat Warren Buffett actually said "In terms of cryptocurrencies, generally, I can say with almost certainty that they will come to a bad ending."
- isostatic 8y ago> You have to keep your eye on intrinsic value $0