4 ms·

When it began it was worth nothing and when it ends it will be worth nothing. Zero sum.

• tlb 5y ago
  However, it will have transferred a lot of money from people who are bad at predicting the future to people who are good at predicting the future. This is good for the economy, because more capital is in the hands of people who are likely to invest in things that work.
  • alimw 5y ago
    Well we know the people who lose significant money will be a strict subset of people who are greedy. Maybe that's a good thing? More seriously, study after study has shown that unless you take the fundamentals into consideration there is no way reliably to make money on the stock market, and certainly that will be the case for Bitcoin for which there are, amazingly, no fundamentals. The exception would be if you were, say, a person who can manipulate the market with tweets and with large purchases through a publicly owned company that you control.