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I’m sure this is going to make you laugh and/or annoyed, but what about Bitcoin is exactly “wrong?” Curious if after all these years you’ve found the words.
by tnel77 3y ago
I’m sure this is going to make you laugh and/or annoyed, but what about Bitcoin is exactly “wrong?” Curious if after all these years you’ve found the words.
- roflyear 3y agoWell, I wouldn't say "what bitcoin got wrong" but rather "what people who were overly hyping bitcoin got wrong" It hasn't totally played out yet, but it doesn't seem like it is on track to be a currency, and the underlying tech hasn't proven to have a ton of uses beyond crypto currencies. Not trying to straw man here, just trying to honestly reply to your comment.
- tnel77 3y agoThat’s fair and I appreciate your response! While I’ve seen things that hint that Bitcoin might be starting to gain traction in high inflation nations commonly located in Africa and South America, we are a long ways out from seeing a Kroger accept Bitcoin. Regardless, crypto bros are the worst and I hate how every bull run we see an avalanche of new coins that all claim to be the solution to all our problems when they are really just a Ponzi scheme. Bitcoin and Ethereum are the only two that I feel are worth investing in long-term, but that’s just me.
- roflyear 3y agoI can't really argue with investing in BTC or Eth, I probably should have for some portion of my portfolio!
- tnel77 3y agoIt’s never too late :]!
- roflyear 3y agoIt's not, but with the volatility of the assets I would only be comfortable putting a few % of my investments there. Unfortunately, that's a really small $ value, and the odds of my investment going up 100x+ is so low where it's not worth my time to invest in crypto :(
- rafaelero 3y ago> what people who were overly hyping bitcoin got wrong Did they? It's the best performing asset in the last decade. I think they got it right.
- roflyear 3y agoYou'd have to substantiate that claim which would probably take significant work.
- rafaelero 3y agoFrom 2015 to today it appreciated 8000%. Do I need to elaborate further?
- roflyear 3y agoYes, of course you do. You made a specific claim. You can't find a single other investment that would have returned higher? Very different, but maybe options plays on GME? Anything like that? I'm sure there is one! You said it's the HIGHEST - very specific claim! You're also picking a date period that works for you - certainly I can pick other dates that don't support your argument!
- mardifoufs 3y agoI get your point, but options aren't usually considered an asset. They do expire after all! Though now that I think about it, I'm not sure what would be the best performing asset of the past decade. Bitcoin has skyrocketed in the past decade, but I still think that something else probably gained value even faster. Maybe pokemon cards? Hahaha.
- roflyear 3y agoLOL or MTG cards! Some have definitely gone up 100x!
- roflyear 3y ago
- Silverback_VII 3y agoGPT can tell you what's wrong with Bitcoin: You throw 25 grand on a Bitcoin bet, The dough lands in a chest, smoky and wet. You've got your Bitcoin, feelin' alive, But the chest has plans, man, it's a damn beehive. It pays the skeptics, those withdrawing in fright, The electric bill's covered, in the dark of the night, A Lambo, a threesome, a few folks living in sin, As the value hits 27 grand, you think it's your turn to win. But then comes a big fish, an old-time player, He dumps his coins, like a dirty betrayer. The price dives to 20 grand, you can't help but feel, Thousands like you are stuck in a rotten ordeal. You scramble to withdraw, but the site's a damn mess, The price keeps on fallin', and the chest reveals its emptiness. The truth is, it was never full, not even close, Now you're left with your Bitcoin, feelin' morose. A voice in the shadows tells you, "It's not about the bread, Bitcoin's a different way to pay, don't let it go to your head. Hold tight, and embrace your virtual piece, The future of money might just find its release."