Bitcoin
Bitcoin
Out of context: Reply #1148
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- fadein112
Bit of a clickbait headline but he speaks some sense in the article.
The 19-year-old who made his fortune in bitcoin says if you don't become a millionaire in the next 10 years, it's your own fault
- isn't your main interest as someone with a lot of btc convincing others to buy so your value goes up?scarabin
- Dnt focus on the headline scar, other interesting stuff in there, like dntbpanic sell etcfadein11
- what scarabin saidmonospaced
- the moment you buy this non-currency you're basically obligated to become a cheerleader for it just to keep up the illusion of valuescarabin
- Teen-flavoured survivorship bias is the most blinkered type of bias. Good luck to him, but this ain't gospel.detritus
- Its like religion. The only way for it to work is to have massive people believing it will work.pango
- Do they? I certainly keep my mouth shut about it.inteliboy
- Same could have been said about the dot com boom and more recently Apple, google, amazon, Netflix...weed stocks etc_niko
- There’s always something new. Also, The pump and dump schemes never end_niko
- interesting points but I'm same as inteliboy, since investing in ether I haven't cheerleaded/spoke about it to anyone really apart from a close friend.fadein11
- Scarabin, does your very vocal anti-bitcoin stance come from the jealousy of not making a fortune with it, like so many have?set
- I'm having difficulty understanding.set
- That was probably the least sophisticated analysis of crypto I've ever read. "It was up, but then it went down, so buy now, before it goes up again"monNom
- He's only young but okay I shouldn't have bothered sharing it lol. I guess it was more about the young lad getting rich than anything else.fadein11
- although that point does pretty much sum it up. i.e. Bitcoin and crypto has been written off many times beforefadein11
- I'd suggest that if you're not a millionaire in the next 10 years, it's on your own fault, regardless of bitcoin or this little cunt, no?set
- The wonder of the internet and social media is that literally anyone can make a lot of money doing what they're good at, if they figure out the right approachset
- set, making more USD with it wouldn't change the fact that bitcoin failed at what it set out to doscarabin
- i'm pro-crypto, believe me. nothing i'd love more than the cyberpunk fantasy of de-seating major financial institutionsscarabin
- but even you saw that bitcoin failed, or you'd still have yoursscarabin
- It hasn't failed yet, it's only just beginning. I just withdrew a vast amount of money that I basically forgot about. It has nothing to do with it failing....set
- riiiight.
anyway, the fact that you have "difficulty understanding" the situation beyond the concept of making money with it just illustrates my stancescarabin - I don't have difficulty understanding the situation further than making money in any way at all.set
- I only even commenting on taking money from it because you said "even you saw that bitcoin failed, or you'd still have yours"set
- Which is completely untrue. I just decided I could use that money. I'm sorry you misunderstood..set
- Bitcoin is paving the way (IS being the operative word) for a decentralised cryptocurrency to overtake fiat currency.set
- That is still happening and is in early stages, still. Again, I'm sorry you misunderstood.set
- bitcoin started something important it unfortunately will never finish. that is my stance. not sure how i can make that any clearer.scarabin