There is a sense of victory because millions of people view Bitcoin as a good place to park their money over fiat currency.
Unfortunately no one runs news stories on the growth of unique addresses in the bitcoin network
Unfortunately no one runs news stories on the growth of unique addresses in the bitcoin network
[1] http://business.time.com/2012/02/27/warren-buffett-on-succes...
However, since we live on a planet with unlimited resources capable of unlimited growth, the theoretical loss of being the "last investor" is perpetually shifted to the next generation, thereby solving the pyramid scheme problem once and for all.
Once and for all, I said!
No. 'Dividends' do not matter.
The cash going into the companies bank account belongs to the shareholders, and it's reflect in the stock price.
When a company gives out $1 in dividends, it's valuation goes down by $1.
Technically, dividends don't matter.
In reality it's a little different, and dividends mean certain things, mostly about the companies ability to generate returns with that cash than you, the investor.
And FYI - there can be 'unlimited growth' - as long as there is innovation, and 'stuff keeps getting better' - we will see growth.
How's that work, bud?
The entire medical industry's growth is based on innovation.
Do you think the medical industry is growing because it's 'digging more resources' out of the ground?
'Cutting more trees'?
The entire financial industry, basically all of high tech.
Education.
Very few sectors depend on 'natural resources' for growth.
And even for some that do, it's minimal.
Most materials are abundant anyhow.
However yes I agree the past couple of months at least has been filled with rabid noobs, but HODL culture does a decent job of counteracting this
This would be very unwise.
BTC is highly volatile, and could go to 0 tomorrow.
It could could be made useless by the stroke of the pen someone in any big government.
Nobody keeps most of their assets in cash.
Stocks, Bonds, real estate, a basket of commodities, a basket of currencies - or even a decent long-term-interest savings account ... are all considerably better than BTC as stores of value if you don't like fiat.
When considering the 'risk premium' - BTC is a speculative instrument only. Not a currency, and definitely not a store of value.
BTC on the other hand, is deflationary by design.