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If you got into crypto in 2021-22.. you already missed the boat. This is the cashing out phase.

coconut08 5y ago
people have been saying this since 2011. thats not to say that the speculation that is taking place in crypto isnt ridiculous and destructive, but your claim is completely unfounded
- muttantt 5y ago
  The risk reward ratio is just not there anymore. We may see $100K bitcoin, sure, but that's just 3x, you can get that buying and holding TSLA starting today. But IMHO the risk of bitcoin crashing to, say, $10K is pretty significant, especially when Russia sanctions could be used as pretext to regulate crypto to death.
  - joshgachnang 5y ago
    Sure, but that's only looking at BTC. There's a lot of other coins still jumping a 100-1000x in this bull run, even if BTC only went up a few times. The point about it all crashing is true though, high risk-high reward (and that risk likely outweighs the reward for BTC in my opinion).
  - coconut08 5y ago
    this is how you prove that you just learned about crypto last week. if you think that bitcoin was more of a sure thing and less risky relative to reward in 2011 then you have no idea what you are talking about. first of all if bitcoin crashed from 65k to 10k that wouldn't even be the worst drop bitcoin has ever seen. thats like an 85 percent drop. bitcoin has seen MULTIPLE 95+ percent drops over the course of it's life. it's harder to regulate bitcoin today than it has ever been because there are multiple fortune 500 companies and s&p companies that would be massively negatively effected by this change. bitcoin is in a less risky political position than it has ever been in before.
    - muttantt 5y ago
      I've been in crypto since 2012..
  - nightski 5y ago
    Very bullish for you to think TSLA is going to be a $3T company in the near future! I'm sure it will happen at some point. Maybe it will due to inflation hah. But on average the market takes very roughly 7 years (probably more) to double your money. So you are talking about a ~10 year time frame.
    - bstott 5y ago
      Realize TSLA is not an EV company.
simonbarker87 5y ago
Who knows at this stage but I’m not smart enough to work it out that’s for sure
m00dy 5y ago
we haven't build economies on crypto yet. I think we are in buy-and-wait-for-price-up phase. Once we use crypto for utility, we will be in different phase.
- johnisgood 5y ago
  > buy-and-wait-for-price-up phase This is what I did 2-4 years ago... then it started going down by a lot so I cashed out. I actually did lose. Not THAT much, thankfully.
danuker 5y ago
Can it not compete with, say, gold, a lump of metal that does nothing and is not able to be sent over the internet? Because if it can, then crypto market cap is 5-10x undervalued.

people have been saying this since 2011. thats not to say that the speculation that is taking place in crypto isnt ridiculous and destructive, but your claim is completely unfounded

muttantt 5y ago
The risk reward ratio is just not there anymore. We may see $100K bitcoin, sure, but that's just 3x, you can get that buying and holding TSLA starting today. But IMHO the risk of bitcoin crashing to, say, $10K is pretty significant, especially when Russia sanctions could be used as pretext to regulate crypto to death.
- joshgachnang 5y ago
  Sure, but that's only looking at BTC. There's a lot of other coins still jumping a 100-1000x in this bull run, even if BTC only went up a few times. The point about it all crashing is true though, high risk-high reward (and that risk likely outweighs the reward for BTC in my opinion).
- coconut08 5y ago
  this is how you prove that you just learned about crypto last week. if you think that bitcoin was more of a sure thing and less risky relative to reward in 2011 then you have no idea what you are talking about. first of all if bitcoin crashed from 65k to 10k that wouldn't even be the worst drop bitcoin has ever seen. thats like an 85 percent drop. bitcoin has seen MULTIPLE 95+ percent drops over the course of it's life. it's harder to regulate bitcoin today than it has ever been because there are multiple fortune 500 companies and s&p companies that would be massively negatively effected by this change. bitcoin is in a less risky political position than it has ever been in before.
  - muttantt 5y ago
    I've been in crypto since 2012..
- nightski 5y ago
  Very bullish for you to think TSLA is going to be a $3T company in the near future! I'm sure it will happen at some point. Maybe it will due to inflation hah. But on average the market takes very roughly 7 years (probably more) to double your money. So you are talking about a ~10 year time frame.
  - bstott 5y ago
    Realize TSLA is not an EV company.

simonbarker87 5y ago

Who knows at this stage but I’m not smart enough to work it out that’s for sure

m00dy 5y ago

we haven't build economies on crypto yet. I think we are in buy-and-wait-for-price-up phase. Once we use crypto for utility, we will be in different phase.

johnisgood 5y ago
> buy-and-wait-for-price-up phase This is what I did 2-4 years ago... then it started going down by a lot so I cashed out. I actually did lose. Not THAT much, thankfully.

danuker 5y ago

Can it not compete with, say, gold, a lump of metal that does nothing and is not able to be sent over the internet? Because if it can, then crypto market cap is 5-10x undervalued.