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Since Day 1 - Bitcoin was worth 1000+ Bitcoins to 1 USD. Yesterday it took $59,000 USD to buy 1 Bitcoin. It's had a few sharp downs. It's had a few long platea
by onlyrealcuzzo 6y ago
Since Day 1 - Bitcoin was worth 1000+ Bitcoins to 1 USD. Yesterday it took $59,000 USD to buy 1 Bitcoin.
It's had a few sharp downs. It's had a few long plateaus of a year or so.
But - from the perspective of yesterday going back a few months - it certainly seemed to only go up.
If the S&P was up over 59,000,000x in 12 years, people would say the S&P only goes up... I mean, they already say "stonks only go up".
- corin_ 6y agoYes it's being going up overall (a lot), but even if you just look at a chart of the last 12 months, it hasn't dipped more now than it did a few times last year - I can see why some people think it's going to keep going up for a long time, and others the opposite, but I can't see why anyone would think "great it's always going up" until now and be scared by a relatively minor dip down here.
- codeulike 6y agoMy point exactly
- swiley 6y ago"past performance... future returns" The S&P keeps going up because if it went down the fed would lower interest rates until it started going up again.