3 ms·
Don't buy bitcoin, it always crashes. https://www.youtube.com/watch?v=XbZ8zDpX2Mg https://www.youtube.com/watch?v=XbZ8zDpX2Mg We'll be back here in four years
by drcross 5y ago
Don't buy bitcoin, it always crashes. https://www.youtube.com/watch?v=XbZ8zDpX2Mg https://www.youtube.com/watch?v=XbZ8zDpX2Mg
We'll be back here in four years when bitcoin is well above 100k being used happily as a store of value by millions of people and someone like you will say the exact same thing again. How long will it take you to realise that it's already a success?
- endisneigh 5y agolet's just skip to the end. at $DAY $COIN is at $MAX_PRICE. it never reaches $MAX_PRICE ever again. for someone who bought at $MAX_PRICE, what is the value they received?
- somethingAlex 5y agoNone. It's not meant to be an investment, it just happens to be used like one currently. It's ironic, the same thing that makes these coins valuable to people (volatility, and mostly in the upwards direction) is a major reason why they are hard to use for mass transactions. However, there is some good here. People are getting familiar with crypto by participating in this investment strategy. A relatively stable coin capable of high transaction throughput and low fees - one that can actually be used as a currency instead of an investment - will benefit from this in the future.
- 8note 5y agoGiven the decentralized nature of cryptos, won't they always be used for what the richest people want them used for? They will always want to form an oligopoly