5 ms·

Well, 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'

Well, 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 4y ago
That’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 4y ago
  I can't really argue with investing in BTC or Eth, I probably should have for some portion of my portfolio!
  - tnel77 4y ago
    It’s never too late :]!
    - roflyear 4y ago
      It'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 :(
      - tnel77 4y ago
        I can promise that it won’t go 100x, but 5-10x is still possible and would be outstanding.
        roflyear 4y ago
        I don't think 10x is worth the small amount of $ I'd be comfortable putting into it.
rafaelero 4y 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 4y ago
  You'd have to substantiate that claim which would probably take significant work.
  - rafaelero 4y ago
    From 2015 to today it appreciated 8000%. Do I need to elaborate further?
    - roflyear 4y ago
      Yes, 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 4y ago
        I 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 4y ago
        LOL or MTG cards! Some have definitely gone up 100x!
    - roflyear 4y ago

tnel77 4y ago

That’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 4y ago
I can't really argue with investing in BTC or Eth, I probably should have for some portion of my portfolio!
- tnel77 4y ago
  It’s never too late :]!
  - roflyear 4y ago
    It'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 :(
    - tnel77 4y ago
      I can promise that it won’t go 100x, but 5-10x is still possible and would be outstanding.
      - roflyear 4y ago
        I don't think 10x is worth the small amount of $ I'd be comfortable putting into it.

rafaelero 4y 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 4y ago
You'd have to substantiate that claim which would probably take significant work.
- rafaelero 4y ago
  From 2015 to today it appreciated 8000%. Do I need to elaborate further?
  - roflyear 4y ago
    Yes, 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 4y ago
      I 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 4y ago
        LOL or MTG cards! Some have definitely gone up 100x!
  - roflyear 4y ago