Im finally in (around $72K) through an ETF. It’s about 0.5% of my net worth. I still don’t fully trust it, but I don’t want to be completely left behind. Especially if the dollar weakens significantly, which is more likely than not.
Im finally in (around $72K) through an ETF. It’s about 0.5% of my net worth. I still don’t fully trust it, but I don’t want to be completely left behind. Especially if the dollar weakens significantly, which is more likely than not.
You have over $14 million in liquid investments?
No, sorry. I put a few grand in IBIT when the price of bitcoin was $72K.
Ten years ago it was at $338. Now it's over $72,000.
It was supposed to help out the poor and “bank the unbanked.” instead, it’s shifted money to a few scumbags and scammers and has ripped off the poor (who think they are getting rich on unrealized gains). it’s just a pet rock You can bid up the price on in the hopes you can give it to somebody else for a higher price (in fiat)
^^^describing SPY as well for 99% of people (bidding up the price in hopes to give to someone else for higher price in fiat; don't give some B.S. about div yield, 90% of people are reinvesting current income in the hopes of future price return).
BTC is not going away. It is not beanie babies or pet rocks (what other "fads"/"manias" have lasted decades and have "market caps" larger than the GDP of all but the most developed economies worldwide?). It was not "supposed" to do any of what you said. It is a P2P electronic currency.
You can choose to understand math, or you can continue to miss out. BTC will almost assuredly be cut in half (or more!) at some point, but will also assuredly 10x in dollar terms over the long-term. Such is the nature of fiat inflation.
BTC is not going away. It is not beanie babies or pet rocks..
It’s worse. It’s a figment of your imagination churned out by computers doing nothing. At least a beanie baby is tangible.
I ask for at least the third time on this thread, and expect the same deflections/concessions/non-answers from you that I've gotten from others:
What is the minimum falsifiable date and price whereby you will admit you were wrong?
The reason I have repeatedly asked this question is because I notice people who have been left behind over the last decade are VERY reluctant to just simply answer with a falsifiable date/price. I think they intuitively know that BTC is here to stay well into the future, and they really resent themselves for not "getting it", despite decades of patient explaining from people who do (who have multiplied their wealth in fiat terms many times over).
BTW, I notice you ignore my points on past "fads". Did beanie babies (or any other fad) ever have a "market cap" that exceeded the GDP of every country on Earth bar 10 or 20? Did the "fad" last decades? Is SPY "tangible"?
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