362 karma · joined February 15, 2014
If everyone agrees on putting their wealth into Bitcoin, and then invests them into others, wouldn't that be kind of what you are describing?
My thesis remains, that "real production value" does not exist, or at least is dwarfed by people "electing" a store of value. Like Tesla, gold or land.
Bitcoin seems to me uniquely suited to become the next store of value elected by the most.
If it does, even land might lose value compared to it.
Volatility might lessen over time, in any case is only a real problem if there is a long-term down trend. Else, just DCA in and out.
Of course, this is all hypothetical, no guarantees.
Would be interesting to see distributions compared. I imagine it to be similar everywhere: most stuff is owned by not that many people. Only difference: in Bitcoin, they might be different people, thus adding to a better distribution overall.
Also I do not consider ETFs safe at all. If you dislike Bitcoin (which is totally fine), maybe buy gold or land, since ETF composition might change, land and gold might not.
I started focussing on science (namely Psilons) and only later developed a taste for trying out other strategies/races. I often played multiplayer with friends too, and really liked the laid back atmosphere enabled by turn based strategy.
Works perfectly and has not changed for a while.
It seems to be superseeded by https://rectangleapp.com/
P.S.: And audience score should roughly be above 70.
At the moment I rather see people buying stuff that they think other people might deem valuable in the future, e.g. motivation behind buying TSLA is similar to buying BTC.
In this case you have to pay a small fee, but you decrease the amount of cash that can be used for loans, and thus make loans more expensive, leading to better rates for lenders in the future. (At least this is my understanding at the moment - still getting into the topic, so please excuse if I am oversimplifiying.)