Comment on What advice would you give to your younger self?
jagged_circle@feddit.nl 16 hours ago
For all the bitcoin comments, just know that its never too late.
I didn’t buy when it was pennies. I saw it jump from $5 to $20. Then, a few years later, I bought lots and lots when it was in the $100s.
I held for a decade and finally sold this year. I now have enough to retire.
Future you will say “why didn’t I buy when it was $100,000”?
fine_sandy_bottom@discuss.tchncs.de 15 hours ago
The thing is, in a year’s time bitcoin could be worth $200k or it could be worth $0.
Trump loved crypto because he grifted with some NFTs and then he needed support to win an election. That’s done now so we’re 1 brain fart away from a royal decree that crypto is bad.
People don’t sell up all their shares because they have enough to retire on.
jagged_circle@feddit.nl 13 hours ago
I’m a year’s time, 1 USD could be worth double what its worth now, or it could be worth 0.
Most likeluy, however, in 10 years, bitcoin will be worth more than $200k and USD will be worth much less than it is today.
fine_sandy_bottom@discuss.tchncs.de 12 hours ago
That’s a false equivalence. Yes the USD could be worth $0 but the chances of that are infinitesimal in comparison to the chance that crypto will be worthless.
You have no evidence on which to base an assertion of bitcoin’s most likely future value. Past performance is not an indication of future performance.
The only surety is that crypto will consume egregious amounts of energy in the course of producing absolutely no value.