The second largest bank failure in American History?…C’mon man, no joke.

[grahler]

So you don't understand it but you have it judged solidly?

That’s correct.

 

[john1984]

If you did Dollar Cost Averaging with Bitcoin you'd never loose anything. In 2019 people were bashing Bitcoin like crazy also. But guess what happened?

 

[Duckfiend]

If you did Dollar Cost Averaging with Bitcoin you'd never loose anything. In 2019 people were bashing Bitcoin like crazy also. But guess what happened?

Unless you started investing at the peak then you lost a lot.

 

[john1984]

Look at the all time chart. The price went up 20% in the past 5 days. It's around 27 now.

 

[pintail2222]

If you did Dollar Cost Averaging with Bitcoin you'd never loose anything. In 2019 people were bashing Bitcoin like crazy also. But guess what happened?

So you buy and hold Bitcoin?

Ever pull up a chart on BTC w/ a 100 DMA?

 

[Fogie]

…….

 

[pintail2222]

Bitcoin was not created to be an “investment” product.

Bitcoin was created as a way for people to send money over the internet. The digital currency was intended to provide an alternative payment system that would operate free of central control but otherwise be used just like traditional currencies.

 

[Duckfiend]

up 20% in 5 days. Down 60% in just over a year. It’s a wild high risk speculation that I think will end up at zero like a modern day tulip mania. What if BTC was a CIA plot to remove liquidity from the system when it is needed to be removed the most?

 

[john1984]

So you buy and hold Bitcoin?

Ever pull up a chart on BTC w/ a 100 DMA?

My Dad has been giving me Bitcoin for my birthday and X-mas for the past decade. But unfortunately for me I sold most of it right after I got it. It wasn't until December of 2017 that I realized what a fool I've been. My Dad had been giving me the winning lottery tickets but I threw them away. So now I rarely sell.

 

[Duckfiend]

Bitcoin was not created to be an “investment” product.

Bitcoin was created as a way for people to send money over the internet. The digital currency was intended to provide an alternative payment system that would operate free of central control but otherwise be used just like traditional currencies.

But it sucks as a payment system. Not enough transaction volume and lacks price stability. What if during you car purchase the transaction takes so long that medium of exchange losses enough value you no longer can buy the car?