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People will always have a want for more ways/things to bet/gamble on - it just seems to be something in our nature.
by clpmsf 3y ago
People will always have a want for more ways/things to bet/gamble on - it just seems to be something in our nature.
- elif 3y agoThe only losers in bitcoin are the ones that stopped. Any 5+ year holding has been ridiculously profitable. In gambling, the longer you continue, the more certain it is that you will lose. Bitcoin is a uniquely ironic form of gambling if it's gambling at all.
- deleted 3y ago[deleted]
- koolba 3y agoWe’re still below the all time highs of about $68K so will need 3 more years to see if that theory plays out.
- IG_Semmelweiss 3y agoI think timing may not work , but given the strict limited supply, this works in the long term. Of course, this is highly dependent on the "coin"
- guiambros 3y agoThat's silly. Anyone who's dollar cost averaging bitcoin buys over a long period of time has been incredibly well rewarded. BTC is up 146% over the last 12 months, and up 15x (!) over the last 5 years. Even if you were slow and naïve and only jumped at the 2021 all-time high, and kept buying during the next 12 months (as one should when an asset you like goes down), you'd have made your money back and then some.
- czl 3y ago> Any 5+ year holding has been ridiculously profitable. The more remarkable a short history the more likely it is not sustainable: Beanie babies, tulips, etc. In a zero sum investment for every win there is a loss. Bitcoin however is highly negative sum. For every win there are far more losses. Who do you suppose pays hourly train loads of coal turned into CO2? How many years now?
- elif 3y agoYour two examples, beanie babies(4-5 yrs bubble) and tulip mania (16 months) did not even last long enough for a 5 year comparison. Bitcoin is turning 15 this year.