Re:Bitcoin is a Ponzi
by bpodgursky on Thursday October 07, 2021 @12:01AM
(#28781674)
There are a lot of people who are "investing" in Bitcoin right now not out of expectation of real gains, but as a way to maintain assets against an inflating dollar... nominal gains, but not real ones.
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Re:Bitcoin is a Ponzi
by aidanlister on Thursday October 07, 2021 @12:03AM
(#28781705)
This is not true: you don't invest in something with 20% weekly swings to "maintain assets" against 1-3% inflation. You just don't.
Re:Bitcoin is a Ponzi
by satoshiiii on Thursday October 07, 2021 @12:40AM
(#28782012)
Haha, yes if you're just a "weekly" investor. But for me who invested years ago, my assets begs to differ. Back then there were people I know personally that like you who also said that it's a bad idea to invest in crypto, I'm very glad I didn't listen to them haha. Now I just tell them it is not yet too late before global adoption.
Re:Bitcoin is a Ponzi
by bpodgursky on Thursday October 07, 2021 @12:34AM
(#28781969)
If you think real inflation is 1-3% right now — when house prices are up 20% y/y — you may not be paying attention.