People who try to time Bitcoin have made less gains than those who have just bought and held. So your point is invalid based off past performance. If you think bitcoin isnt practical it means you havent done your homework yet
Crypto Crash
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Ideally you buy it with other crypto and cash out for real money.
Give people something else you claim is backed by real money, take their real money, and then rug pull them.
Your beliefs in bitcoin is similar to belief in God: you do not care about the theory (a.k.a., science).
yes. it is obvious for almost anyone who know either finance or mathematics.
Yes, futures and options are zero-sum game and noone buys futures or options for investment. They are used for hedging and speculation.
People who bough and hold also time the market. If they sell now, they will win. If they will wait 30 years - they will lose.
and I'll reiterate crypto is likely safer and easier for the avg instead of futures and options (futures...can get absolutely destroyed...options , no need to worry about the Greeks )
right, and like I said, I care about price performance and it's more probable BTC reaching 100k than going to 0 in the short term...just gotta know when to pull out
if u dont wanna do it, then don't ..everyone is diff...stick to index funds
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it's a calculated risk ...do u honestly think BTC is gonna go to zero anytime soon? if you actually read what's going on then there is a much higher chance of it going up than down in the short to medium term (1-3 yrs)
btw, I'm not a Bitcoin maximalist (it's garbage actually) but knowing how the crypto market works, it leads the way
because theory isn't always right..after all it's theory ...theory is why most profs aren't rich and only making 100k-200k on avg and often miserable teaching brats (esp nowadays) and often writing papers cause they have to ....all despite supposedly being the smartest people lol...they stick to their CAPM , Gordon model , yadda yadda yadda
it's a calculated risk ...do u honestly think BTC is gonna go to zero anytime soon? if you actually read what's going on then there is a much higher chance of it going up than down in the short to medium term (1-3 yrs)
btw, I'm not a Bitcoin maximalist (it's garbage actually) but knowing how the crypto market works, it leads the way
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Yea like I mentioned, you need to know when to pull out , that a lot guys have trouble doing both trading and banging lol ..essentially a disciplined exit strategy.....I'm confident BTC will reach 100k usd and not zero in short or medium term
and, like I mentioned , I don't defend it wholeheartedly...it's mainly speculation..Bitcoin is trash ...metaverse is dumb..it's essentially just dungeon and dragons or virtual reality ....NFTs are stupid, although olearly makes a good point on potentially using it authenticate real goods like paintings, watches etc
that's true so far, but there is saying past performance is not indicative of future performance.
BTC has a track record of 13 years ...is that enough ? we shall see , but never say never, esp since there a lot of "smart money" in it (eg musk, Saylor , Cuban, etc)
Putin made a speech yesterday, and most of the western media will ignore it. He essentially mentioned that countries are starting to realize that the U.S PRINTED trillions of dollars to pay for goods and services. So if a natiom sold them food or any commodity, the natiom who sold it is now also holding a currency losing its valie at 8.6%. Countries will begin to realize that they need to hold something else. #bitcoin will be thr answer.
So what's the difference?
Crypto is "printed" (aka mined) factories of desktop computers consuming perishable electricity for the sole purpose of maintaining the "value" of the virtual currency.
And crypto has lost more than 8.6% of its value ... this week!
Crypto is today's get rich quick scheme for those who would have been all-in with day trading, secret FOREX systems and casinos!
Go ahead and play with your fun money but it's a different mindset than real investing.
I have a feeling you either do not understand what I am saying or intentionally do not want to hear rational arguments. No one is saying that crypro is bad for speculation - people can do it any time they want to. But it is speculation, not investment. The difference is that, in order for someone to win, someone needs to lose. With stock investment the "average" person wins because firms make profit and stock pays dividends. You can make a parallel between options/futures and crypto - all of them are zero-sum game and all of them are, in some sense, just a lottery. The major role of forwards is to hedge, so, if you sell corn forwards and you are not a farmer who expect to produce corn but some schmuck who simply thinks corn will increase in price - you are not using forwards the way they were intended, you are using them as a casino instead and I would say the same thing to him (i.e, he is an idiot) as I say to anyone who wants to trade crypto. Learn the concept of optimal investment portfolio, security market line, and capital asset-pricing model, and efficient market hypothesis before doing any trading/investment on your own.
Agree, it is only a theory. Now, do you honestly believe that you (or average Joe) is smarter then all these professors and you will be able to beat the market? Theory is not always right, it is right 99.9% of the time. Are you smart enough to explore this 0.1%. Good luck
.Nice try. No one holds currency. They hold bonds. The expected nominal return on bonds is above expected inflation. "Expected" is the key word here, so, sometime, you can lose purchasing power on bond investment, this is why countries also hold gold reserves. And, of course, any rational person will hold a portfolio of bonds, stocks, and real estate. A super cautious will also add gold to this portfolio.
