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Friendly advice, buy 20$ of Bitcoin to feel how it works before judging it. It might change your mind.
by adhoc32 6y ago
Friendly advice, buy 20$ of Bitcoin to feel how it works before judging it. It might change your mind.
- incrudible 6y agoI do know how it feels, because I do hold some Bitcoin for "fun". Most of the time, it's down 80% from the previous high. Then it randomly appreciates 10x before cratering again. With any meaningful amount of money, that doesn't feel good at all. The purchasing power I might lose from a mere $20 is of course irrelevant. If I put it into Bitcoin it might turn into $100 or $200 at an off-chance, but that has nothing to do with inflation. Bitcoin just isn't that correlated with cash. If I wanted to make a $20 bet that the dollar inflates dramatically, I would buy an option to buy gold at $5000.