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Actually, it seems like an apt comparison. A slot machine (on average) takes a certain percentage of your cash each spin. Bitcoin takes a certain percentage of
by joosters 13y ago
Actually, it seems like an apt comparison. A slot machine (on average) takes a certain percentage of your cash each spin. Bitcoin takes a certain percentage of your cash (transaction fees, bid/ask spread) on each trade.
Do either enough times and you'll most likely whittle your money away. But you could win big with a few spins or a few lucky trades.
- skriticos2 13y agoYou could also just buy some Bitcoins at relatively non-volatile times and wait for a year or two, then sell them. The value has been going up dramatically during the last few years pretty consistently and demand is steadily rising. Bitcoin is gaining popularity in China quickly and they trade quite some volume on the exchanges now.