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> (...) what if the argument is that it makes sense to invest 1% in every investment that has outperformed every other investment class over the past 12 years o
by rualca 5y ago
> (...) what if the argument is that it makes sense to invest 1% in every investment that has outperformed every other investment class over the past 12 years of its existence?
Pray tell, how do you explain thaf fantastic performance of Bitcoin to those who bought in while it was at 54k and right now they look at the market and see btc at around 30k?
How does losing half the value fare against any conservative investment strategy?
- lowkey 5y agoWe remind them that Bitcoin is volatile in the short term and then we ask them to zoom out. We remind them how many times Bitcoin has been declared dead before. We remind them that that anyone who has held Bitcoin as a long term investment has made money. Even today after the recent dip anyone who held for 12 months is up 300% y/y. If in doubt zoom out.