Bitcoin has already changed humanity for the better and it's only getting started.
The classic false dichotomy by people peddling crypto. Nobody is keeping their money in a savings account. There are productive investments that aren't crypto.
Ironically, crypto's returns are all due to Tether...which is purely inflationary printing. USDT is what you'd get with the USD if the Fed were run by actual criminals.
Let's chat in a year.
BTC (and several other cryptos) are the only safe place to store money in the long term.
> Let's chat in a year.
Indeed. No one who's bet against crypto has come out looking prescient.
50k to 15M in GME calls in less then 1 month if you were lucky.
It's all gambling but to say bitcoin is the best source of wealth/gambling shows your lack of experience.
Where would you put your money now that bitcoin is 50k?
I want to compare that to my stock + calls on random meme stocks. (also vs s&p)
> Where would you put your money now that bitcoin is 50k?
BTC of course. USD is only going to continue to drop.
I invested a nice sum of money in November 2019.
Option 1: BTC from 9300 to 48000 means 5x
Option 2: TSLA from 62 (pre-split) to 796 means 12x. (much much more via calls)
Which do you think I went for? Which strategy do you think will continue to make reliable money in the future?
What about November 2018 or November 2017? Like I said, Bitcoin has consistently been up in the long term for the past decade.
SO you mean EXACTLY what you're doing with BTC?
I swear the BTC cult rivals the Qanon crazies in cognitive dissonance.
The risk profile of Crypto vs an index fund is exponentially worse.
What you should care about is what asset provides you the best return with the lowest risk.
At any time in history you can look back at the past ten years and say "Clearly X stock was the best choice for investors and you're foolish to claim otherwise!"
How has the US dollar been destroyed? It has enjoyed remarkable price stability, very close to the target rate, which is what everyone expects and can plan for.
The other has seen astronomical, wild price swings, which no one could plan for, and while it's currently enjoying a high value (just as tulips once did), it was worth 95% less just 10 months ago - and probably will be again soon.
> The other has seen astronomical, wild price swings, which no one could plan for, and which is currently enjoying a high price (just as tulips once did), but which was worth 95% less just 10 months ago - and probably will be again soon.
People have been saying this at their own expense for a decade.
If housing were expensive because the dollar had lost value, then you would expect it to be cheap to buy a house in SF in some other form of currency. But it's not, no matter what medium of exchange you want to use, it's still expensive.
And there are of course lots of locations with significant supply where housing in the US is dirt cheap, like Detroit.
Health care is more complex, but the same general idea applies. Whether you pay in USD, or anything else, it's still expensive.
> Whether you pay in USD, or anything else, it's still expensive.
> no matter what medium of exchange you want to use, it's still expensive.
Not if you hold BTC. It's unfortunate that people are self-sabotaging by keeping USD based assets when there's actually an alternative that's not in a inflationary spiral.
I think the BTC hate on this site is unique though. In the "real" world people are pretty excited about crypto and acting in their own best interest by acquiring it.