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You gambled your money against other people. You won, and they lost. Their losses paid for your house. 12m y/y bitcoin is up 8% and the S&P is up 18%, so if yo
by ryan_lane 5y ago
You gambled your money against other people. You won, and they lost. Their losses paid for your house.
12m y/y bitcoin is up 8% and the S&P is up 18%, so if you gambled your money into bitcoin a year ago, you made a bad choice. Note that last week bitcoin was down 5% y/y. Bitcoin, y/y is hardly beating USD inflation, right now, after a major increase in the price today.
Also, stop comparing a speculative asset to a currency. USD isn't meant to be held as an investment. It's meant to be spent, or invested in an asset that appreciates more than inflation.