I’m sure this is going to make you laugh and/or annoyed, but what about Bitcoin is exactly “wrong?” Curious if after all these years you’ve found the words.
You throw 25 grand on a Bitcoin bet, The dough lands in a chest, smoky and wet. You've got your Bitcoin, feelin' alive, But the chest has plans, man, it's a damn beehive.
It pays the skeptics, those withdrawing in fright,
The electric bill's covered, in the dark of the night,
A Lambo, a threesome, a few folks living in sin, As the value hits 27 grand, you think it's your turn to win.
But then comes a big fish, an old-time player, He dumps his coins, like a dirty betrayer.
The price dives to 20 grand, you can't help but feel, Thousands like you are stuck in a rotten ordeal.
You scramble to withdraw, but the site's a damn mess,
The price keeps on fallin', and the chest reveals its emptiness.
The truth is, it was never full, not even close, Now you're left with your Bitcoin, feelin' morose.
A voice in the shadows tells you, "It's not about the bread, Bitcoin's a different way to pay, don't let it go to your head. Hold tight, and embrace your virtual piece, The future of money might just find its release."
Put the permalink on your calendar.
It hasn't totally played out yet, but it doesn't seem like it is on track to be a currency, and the underlying tech hasn't proven to have a ton of uses beyond crypto currencies.
Not trying to straw man here, just trying to honestly reply to your comment.
Regardless, crypto bros are the worst and I hate how every bull run we see an avalanche of new coins that all claim to be the solution to all our problems when they are really just a Ponzi scheme. Bitcoin and Ethereum are the only two that I feel are worth investing in long-term, but that’s just me.
Did they? It's the best performing asset in the last decade. I think they got it right.
You can't find a single other investment that would have returned higher? Very different, but maybe options plays on GME? Anything like that?
I'm sure there is one! You said it's the HIGHEST - very specific claim!
You're also picking a date period that works for you - certainly I can pick other dates that don't support your argument!
So no, people didn't get it right. If anything they got it catastrophically wrong and the entire premise was hijacked by people who saw it as an excellent investment/scam opportunity.
Why do you think this prospect have failed? Do you think such a huge shift on the reserve global currency would happen in just 10 years? In the meantime, the market is pricing the likelihood of this scenario with increasing optimism.
>>the market is pricing the likelihood of this scenario with increasing optimism
That is actually very funny to read. The markets are also pricing what they want to happen not what is likely to happen. This sort of prediction is close to pointless.