4 ms·
Baseball cards are a great analogy. Yes, they have been pump and dumped. They also started off seeming valueless, became very valuable, and once people realized
by mattmaroon 2y ago
Baseball cards are a great analogy. Yes, they have been pump and dumped. They also started off seeming valueless, became very valuable, and once people realized they could have made a lot of money from them, the market was flooded and people stopped throwing them out and its now been many decades since you could realistically profit from anything new.
That’s about what I expect bitcoin will look like in the future. (Kind of already does.) If you bought them in the early days you made a fortune, now they’re mature and they’ll never rapidly appreciate again.
Real estate has intrinsic value. Companies have inventive value (usually). Both of them can be used you give you a return even if you don’t sell.