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A comment on Bitcoin hits $1T in market value. Parent comment

Re:Bitcoin hits $1T in market value by GoldenMonkey on Friday February 19, 2021 @03:23PM (#26197595)
Oh, it's a lot more than $1,000 to $1,300 in a week. If you had invested your $1,200 stimulus check in Bitcoin. It would now be worth $7,200.

Where else can the average person make 6x's their money. And, it has already made plenty of average people. Millionaires.

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Re:Bitcoin hits $1T in market value by pjc50 on Friday February 19, 2021 @03:25PM (#26197611)
People were saying this about Gamestop, and I need to remind you that the value can go down as well as up: https://www.dailymail.co.uk/news/article-9219447/GameStop-lo...
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Re:Bitcoin hits $1T in market value by creepto on Friday February 19, 2021 @04:18PM (#26198156)
Not a millionaire till you sell. I don't care about a crypto millionaire, show me the FIAT baby.
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Re:Bitcoin hits $1T in market value by justin_oaks on Friday February 19, 2021 @03:54PM (#26197918)
It's only worth that much if you sell now.

Same thing with stocks. It kills me to hear of people talk about how they "lost money" when a stock they own comes down from a temporary high price. No, you only lost money relative to your hypothetical self who sold at the top of the stock's price.

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Re:Bitcoin hits $1T in market value by vkou on Friday February 19, 2021 @03:28PM (#26197656)
> Where else can the average person make 6x's their money

Go to Vegas, bet on red three times.

Or, if you don't want to get on a plane during a pandemic, trade on margin.

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