It's "down, down, down" only if you entered at a very high price: https://athcoinindex.com/coin/bitcoin
As the great Andreas Antonopoulos said, everyone gets the Bitcoin price they deserve.
As the great Andreas Antonopoulos said, everyone gets the Bitcoin price they deserve.
It’s down down down if you entered at a high price AND sold within 3yrs
No one who held BTC for 3-4 yrs straight has lost money on their investment throughout the entire history of BTC
There will be a point in time where this won’t be true anymore, but I think we are far from it
Someone has to pay for all the Bitcoin mining around the world, so it's probable that Bitcoin as a whole is net negative. That is, the average investor loses money on Bitcoin.
EDIT: let’s check back in in 1-3 yrs here and see if people who bought last year and held are doing :-)
Analogously, there are some people who have won a lot of money from casinos but the average gambler loses money because the house always wins. Miners are 'the house' for this analogy
BTC supply is growing at a rate of less than 2% now. 90% of the supply is already mined.
Miners play a very small role now in getting new supply