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The supply of Beanie Babies isn't guaranteed to be limited. You are trusting the behavior of one company. The demand of Bitcoin has only ever increased in the

• Dylan16807 6y ago
  The supply of "first run X" is guaranteed to be limited, though. > The demand of Bitcoin has only ever increased in the long term. It has already gone further up after three huge temporary bubbles. You really feel comfortable to bet against this long term trend? I'm talking about multiple lifetimes to truly be long term, not fives of years. Bitcoin won't be a good store of value until it calms down. The demand can't go up forever, and even if it's guaranteed to stay very very very high, what if you buy in when it's very very very very high?
  • Sammi 6y ago
    > The supply of "first run X" is guaranteed to be limited, though. Yeah like art and first edition books, sure. > Bitcoin won't be a good store of value until it calms down. It is at a trillion dollar market cap already. Only one single 10x away from gold. The long term regression on the Bitcoin price says that it will flip gold in less than 5 years. > what if you buy in when it's very very very very high? You hold. Or hodl as the memers say. Bitcoin is a black hole and it will swallow everything else, because it is better than everything else on every metric. Yes it even uses less power than fiat or gold.
    • Dylan16807 6y ago
      > Yes it even uses less power than fiat or gold. Until you scale it up.