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Because arguments such as "You will regret on your deathbed not going BTC when it could go to $1M" is not an argument, it's something worse than ad hominem - it
by jollybean 5y ago
Because arguments such as "You will regret on your deathbed not going BTC when it could go to $1M" is not an argument, it's something worse than ad hominem - it's snake oil / infomercial marketing masquerading as reason. At least ad hominem is honest.
Consider the inanity of BTC trading at $1M, something so utterly volatile couldn't feasibly be used as a currency, for much the same reason we cannot use it now, it's deflationary: nobody wants to spend it, they want to hold it and believe in magic. That's the last thing you want in a currency, it means circulation dries up.
BTC has already killed itself as a currency for reasons obvious before it's inception.
Chiming in on boards with 'to the moon' / 'don't lose out' / 'you too could be a millionaire' rhetoric is not helping.
- gfodor 5y agoHilarious - I never said anything about regret. I said simply that either you’ll be proven right in a crash, have some point where you’d be willing to reverse your position, or just never change your mind. These three scenarios are obviously the only outcomes. So I was wondering if you could write down a point in terms of time + price where you’d change your mind. If not, and there is no other scenario where you would, then you’re holding an unfalsifiable position.