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> Why anybody should actually want to, still not clear. Including the recent drop, if you bought bitcoin a year ago, you'd be up 71.77%; the 5-year return is 9
by alwillis 3y ago
> Why anybody should actually want to, still not clear.
Including the recent drop, if you bought bitcoin a year ago, you'd be up 71.77%; the 5-year return is 995.26%.
- antiframe 3y agoYes but that is in the past. Why would someone want to put money in today is a more relevant discussion.
- symfoniq 3y agoThis isn’t actionable, though. If I’d bought Beanie Babies or Stanley Cups at a very particular point in time, I might be up 1,000% at another very particular point in time. If I’d bought Bitcoin in 2021, I might still be down almost 50%. None of this answers the question “Why would I want to buy Bitcoin?”
- animex 3y agoSo, then, why buy Gold?
- symfoniq 3y agoPersonally, I don’t, for some (though not all) of the same reasons I don’t buy BitCoin.
- alwillis 3y ago> This isn’t actionable, though. Of course it is. If you bought Bitcoin five years ago, you'd be up about 1000% and could sell. That's actionable. Long term Bitcoin investors believe it'll be significantly higher in the years to come. If you bought $1000 worth of bitcoin in 2013, it would be valued at over $2 million at the end of 2023 [1]. [1]: https://www.goodfinancialcents.com/bitcoin-annual-returns/#bitcoin-performance-milestones https://www.goodfinancialcents.com/bitcoin-annual-returns/#b...
- paulpauper 3y agoummm what about 2022 2023 gains already being erased fast after such a huge loss in 2022. Including the recent drop, if you bought bitcoin a year ago, you'd be up 71.77%; the 5-year return is 995.26%. BTC post 2017 returns are worse than QQQ including dividends.
- Finnucane 3y agoyes, I could cherry-pick data to make any investment look good too.