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I never said I know nothing about it, please don't put words in my mouth. I said I don't know if blockchain is going be a technology that will win in the future
by patatino 6y ago
I never said I know nothing about it, please don't put words in my mouth. I said I don't know if blockchain is going be a technology that will win in the future and I'm not gonna guess why it will or not. Why? Because I could do both. I see technology with potential I take a stab at it, simple as that. I don't need to convince myself into being a "believer" in it.
And the thesis why I think technology can outperform the S&P500 I already answered, technology companies are the ones which turned the stock market around, therefore I think technology companies will outperform the S&P500.
I'm thankful for your financial advice, but I'm good.
- arcticbull 6y agoBitcoin is not a technology company it’s a technology. It’s like saying I’m investing in the wheel, and stocking up on a bunch of wheels. Or in my opinion, investing in egg salad sandwiches.
- patatino 6y agoWhy would it need to be a company? Is gold a company? People trade it, people store it. I can do the same with bitcoin, not with egg salad sandwiches.
- arcticbull 6y agoOver half of gold is used for industrial and jewelry applications. Exactly 0% of bitcoin has non-criminal, non-speculative use.
- patatino 6y agoYou are the best example of what I‘m trying to avoid. Your only goal is being right. I rather make money