5 ms·
You're absolutely right it's volatile. But people are happy to kick some money into that asset and let it bounce up and down. Something is better than nothing
by cucumber3732842 6mo ago
You're absolutely right it's volatile. But people are happy to kick some money into that asset and let it bounce up and down. Something is better than nothing for this use case. If they ever want to cash out under non-rushed circumstances, well it's volatile so just wait 6-12mo for a reasonable high.
Lots of economies and industries are volatile too, or subject to volatile politics.
- rdevilla 6mo agoWhat you describe is paramount to gambling.
- cucumber3732842 6mo ago>What you describe is paramount to gambling. Lolwut? What are you talking about? Parking somme $$ in bitcoin in case you have government problems is no different than shoving money into land or gold in case you have stock market problems. The return is beside the point, it could be crap for all you care. The point is at least all your assets won't go to shit at the same time. It's damn near the opposite of gambling.
- Zecc 6mo ago> You're absolutely right This got a smirk out of me.
- cucumber3732842 6mo agoI'm really enjoying using LLM-isms as a whole new class of phrases I can screw around with. It's ind of like how you can mockingly invoke politically correct language in certain contexts.