This is weird because none of these actually say not to buy Bitcoin, and many of them are reasonable positions to hold about Bitcoin: the level of risk is extreme. The volatility of Bitcoin is reason enough not to treat it as an investment. It's pretty clear by now that buying it is more akin to gambling. The same is true of day trading stocks as a layperson, incidentally.
If, on the other hand, you put your money into index funds instead, you would have stable, solid returns over a long period of time. But where's the fun in that?
The benefit of hindsight doesn't invalidate a decision you made in the past. You can look at past decisions and decide they were bad if you have reasonable evidence to suggest you could have been better informed, which is not the case with bitcoin.
Similarly you can't expect the past to keep happening. You are no better today than that guy who bought 3 pizzas with 1 bitcoin. You can only rely on the information you have today to make an informed guess.
That being said, bitcoin shows signs of wider fund adoption, with more integrations being developed. It is just a lower risk, lower reward now.
Bitcoin is great for tech people that want to remain online and transact online for most or all things. The trend is more things moving online, so the value of Bitcoin logically increases. What is true "value" of Bitcoin? It's simply what the next person says it is, no more no less.
Cash/currency is great for people that want to remain offline and transact for physical things. Most electronic banking are still based on currency, so it's useful for now. How will this play out in future? We'll see.
Bitcoin is not an investment vehicle. Never was never will be. It's a belief. As more people believe in Bitcoin, it will gain value.
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[ 3.2 ms ] story [ 23.2 ms ] threadIf, on the other hand, you put your money into index funds instead, you would have stable, solid returns over a long period of time. But where's the fun in that?
Similarly you can't expect the past to keep happening. You are no better today than that guy who bought 3 pizzas with 1 bitcoin. You can only rely on the information you have today to make an informed guess.
That being said, bitcoin shows signs of wider fund adoption, with more integrations being developed. It is just a lower risk, lower reward now.
Cash/currency is great for people that want to remain offline and transact for physical things. Most electronic banking are still based on currency, so it's useful for now. How will this play out in future? We'll see.
Bitcoin is not an investment vehicle. Never was never will be. It's a belief. As more people believe in Bitcoin, it will gain value.